1. Taiwan Stocks

  2. •

    Consumer non-durables

  3. •

    Food: major diversified
Ve Wong Corporation

Ve Wong Corporation

TTWSE:1203
43.15
TWD
+1.05
(+2.49%)
3.01EPS
20.67P/E
10.34BMarket Cap
Ve Wong Corporation
TWSE:1203
(Taiwan Stock Exchange)

Recent

price

43.15

P/E

ratio

20.67

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
25.13
24.73
25.71
25.23
26.49
27.9
26.7
26.06
25.58
26.6
25.43
24.5
26.86
26.94
26.45
23.79
22.52
Revenue per Share
0.49
0.17
0.48
1.11
1.12
1.12
1.78
1.86
1.82
1.92
1.81
1.88
2.63
1.8
2.36
1.81
2.1
Basic EPS, GAAP
-1.35
-0.66
2.68
3.13
2.56
2.3
4.33
2.85
1.67
1.34
4.21
3.59
-0.29
4.29
2.81
4.95
4.28
Free Cash Flow per Basic Share
0.53
0.5
0.5
0.3
1.01
1.01
1.01
1.01
1.31
1.01
1
1.1
1.1
1.1
1.1
1.2
- -
Dividend per Share
17.68
16.12
15.92
17.17
17.85
17.8
18.43
19.12
19.9
21.02
21.69
22.17
23.28
24.27
26
26.84
27.33
Book Value per Share
17.68
16.12
15.92
17.17
17.85
17.8
18.43
19.12
19.9
21.02
21.69
22.17
23.28
24.27
26
26.84
27.33
Tangible Book Value per Share
238
238
238
238
238
238
238
238
238
238
238
238
238
238
238
238
237
Basic Weighted Avg Shares
5,974
5,880
6,112
5,996
6,297
6,633
6,347
6,195
6,081
6,323
6,044
5,825
6,386
6,404
6,287
5,655
5,335
Sales/Revenue/Turnover
6.82
1.46
6.52
7.43
8.02
10.84
11.82
16.99
16.06
14.62
16.21
14.84
13.08
13.38
17.13
16.53
15.08
Operating Margin (%)
174
221
210
193
184
167
152
145
144
163
162
139
142
141
159
188
192
Depreciation Expense
115
41
113
263
267
267
423
443
432
457
429
448
625
428
561
431
499
Net Income, GAAP
30.51
87.5
42.29
31.56
32.28
24.13
23.23
28.17
30.95
24.83
26.28
24
20.66
28.49
27.46
26.9
25.48
Effective Tax Rate (%)
1.93
0.7
1.86
4.39
4.24
4.02
6.66
7.14
7.1
7.23
7.1
7.69
9.79
6.68
8.92
7.61
9.35
Profit Margin (%)
1,614
999
1,238
1,497
1,822
2,034
2,170
2,452
2,444
2,600
2,689
2,617
2,827
2,646
2,910
3,131
2,869
Working Capital
445
7
6
3
- -
- -
- -
- -
- -
59
77
93
85
219
92
194
169
LT Debt
5,116
4,623
4,594
4,897
5,150
5,167
5,283
5,609
5,880
6,216
6,312
6,251
6,576
6,762
7,211
7,424
7,356
Total Equity
4.81
0.18
3.99
5.87
6.09
9.5
9.89
11.73
10.04
9.95
9.86
8.89
9.89
7.75
9.69
8.06
7.37
Return on Invested Capital (%)
0.33
1.29
1.5
3.38
3.44
1.5
3.82
2.35
2.54
3.02
2.45
2.9
5.01
2.75
3.41
2.29
3.8
Return on Capital (%)
2.73
1.02
2.95
6.63
6.35
6.26
9.82
9.92
9.31
9.39
8.45
8.59
11.58
7.57
9.39
6.86
8.06
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
889
876
845
LT Borrowings
53
43
33
LT Finance Leases
141
140
136
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
238
238
238
Market Capitalization
9,449
9,389
10,340

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,767
5,022
4,864
Cash, Cash Equivalents & STI
2,974
3,260
3,014
Accounts Receivable, Net
336
328
362
Inventories
1,258
1,230
1,263
Total Current Liabilities
1,636
1,735
1,995
Payables & Accruals
- -
- -
- -
ST Debt
889
876
845
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.72%
3.33%
2.97%
Free Cash Flow
-145.92%
-333.18%
76.21%
Net Income, GAAP
8.09%
4.07%
-23.26%
Sales/Revenue/Turnover
-1.46%
-1.12%
-10.06%
Total Cash Common Dividend
- -
- -
9.09%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,558
1,523
1,444
1,763
6,287
2025
1,543
1,412
1,383
1,317
5,655
2026
1,324
1,311
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.64
0.5
0.44
0.78
2.36
2025
0.58
0.06
0.64
0.54
1.81
2026
0.49
0.44
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.1
2025
- -
- -
- -
- -
1.2
2026
- -
- -
- -
- -
- -
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Business
Ve Wong Corporation (1203.TW), founded in 1959 and headquartered in Taipei, Taiwan, produces and distributes a wide range of packaged foods, beverages, and seasonings primarily in Taiwan, Thailand, and Vietnam. The company offers core products including instant noodles and soups; monosodium glutamate (MSG) and IG-enriched MSG; soup base seasonings and spice powder mixes; soy sauces; canned fried glutens and canned mixed porridge in Chinese style; canned drinks such as asparagus, lemon tea, peach, guava, orange, mixed fruits and vegetables, winter melon, honey herbal jelly, paochong tea, and barley; pre-cooked Chinese-style fast foods; and mineral water, sold under brands including Ve Wong, A-One, Vihuongto, Champion, Prince, Kung-Fu, Kim Ve Wong, Rarity, and Hot of Hots. It also imports canola cooking oil from Canada, Japanese spirits, and Alaskan glacier water; engages in residential, building, and industrial plant development with leasing and sales; invests in public construction works; and imports tobacco, alcohol, and beverages. Recent developments include the launch of new biomedical frozen drinks in partnership during 2025 and ongoing initiatives such as the 12th Love Graffiti art competition and awards in 2025, alongside consistent sales in its seasoning business segment reported through 2024.