1. Taiwan Stocks

  2. •

    Consumer non-durables

  3. •

    Food: major diversified
Lian Hwa Foods Corporation

Lian Hwa Foods Corporation

TTWSE:1231
74.30
TWD
-0.30
(-0.40%)
4.48EPS
17.66P/E
26.00BMarket Cap
Lian Hwa Foods Corporation
TWSE:1231
(Taiwan Stock Exchange)

Recent

price

74.30

P/E

ratio

17.66

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
13.57
16.26
15.62
16.44
17.98
19.7
20.5
21.45
24.77
26.21
26.9
29.03
32.82
33.06
37.17
39.19
39.83
Revenue per Share
0.93
1.09
1.13
1.05
0.68
1.09
1.43
1.24
1.65
1.6
2.09
2.48
2.66
2.95
3.49
3.47
4.48
Basic EPS, GAAP
0.65
-2.75
1.38
-1.19
-0.82
0.25
1.38
1.71
1.14
-0.24
-1.92
2
-1.05
-1.14
-1
0.6
-0.42
Free Cash Flow per Basic Share
0.25
0.39
0.44
0.45
0.4
0.41
0.6
0.82
0.68
0.91
0.85
0.89
0.92
1.09
1.2
1.32
- -
Dividend per Share
5.96
6.49
7.06
7.64
7.92
8.53
9.17
9.49
10.44
11.09
12.35
13.87
15.7
17.55
19.92
22.09
22.85
Book Value per Share
5.82
6.47
7.05
7.63
7.9
8.52
9.16
9.47
10.42
11.08
12.34
13.86
15.68
17.52
19.89
22.04
22.81
Tangible Book Value per Share
328
328
328
328
328
328
328
328
328
328
328
328
328
328
328
328
329
Basic Weighted Avg Shares
4,446
5,330
5,121
5,387
5,893
6,456
6,718
7,031
8,117
8,589
8,817
9,518
10,773
10,853
12,202
12,867
13,088
Sales/Revenue/Turnover
7.19
7.66
8.17
6.04
3.85
5.47
7.24
6.19
7.64
6.87
8.38
9.94
10.93
8.38
8.55
8.86
8.79
Operating Margin (%)
106
111
122
131
190
227
228
224
229
317
270
268
257
286
388
409
377
Depreciation Expense
306
359
370
343
223
357
470
406
542
524
685
814
872
970
1,146
1,139
1,473
Net Income, GAAP
18.98
20.69
20.09
21.28
15.67
18.06
19.39
17.71
20.05
19.89
19.48
19.5
20.55
19.33
17.84
16.67
13.92
Effective Tax Rate (%)
6.87
6.73
7.23
6.36
3.79
5.54
6.99
5.78
6.67
6.1
7.77
8.55
8.09
8.93
9.39
8.85
11.26
Profit Margin (%)
1,067
1,175
1,227
1,061
953
1,229
1,243
1,266
1,403
1,264
1,538
1,009
1,669
1,751
2,194
1,933
1,898
Working Capital
240
1,116
991
1,272
1,533
1,616
1,465
1,294
1,084
937
2,205
1,282
2,329
3,500
4,058
3,399
3,832
LT Debt
1,967
2,140
2,326
2,535
2,611
2,814
3,024
3,127
3,438
3,654
4,066
4,568
5,171
5,779
6,557
7,269
7,519
Total Equity
10.49
10.4
9.64
6.43
4.16
5.81
7.83
7.27
9.76
8.8
9.44
10.6
11.79
7.64
7.59
7.68
7.68
Return on Invested Capital (%)
13.11
12.11
10.72
8.89
5.51
7.78
9.88
8.76
11.31
10.32
11.39
11.85
11.56
10.63
10.71
9.69
11.94
Return on Capital (%)
16.58
17.58
16.68
14.21
8.74
13.26
16.19
13.28
16.59
14.84
17.83
18.94
17.97
17.77
18.63
16.51
21.14
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,979
2,496
2,288
LT Borrowings
3,337
3,311
3,779
LT Finance Leases
62
59
54
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
328
328
328
Market Capitalization
29,129
27,547
25,995

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,163
6,293
6,784
Cash, Cash Equivalents & STI
1,246
1,368
1,770
Accounts Receivable, Net
2,413
2,430
2,155
Inventories
2,137
2,126
2,395
Total Current Liabilities
4,231
4,428
4,886
Payables & Accruals
- -
- -
- -
ST Debt
1,979
2,496
2,288
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10%
12.33%
10.85%
Free Cash Flow
51.7%
-104.05%
-159.91%
Net Income, GAAP
13.34%
10.94%
-0.63%
Sales/Revenue/Turnover
7.24%
7.95%
5.45%
Total Cash Common Dividend
14.1%
9.35%
10%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,905
2,650
3,184
3,462
12,202
2025
3,126
2,980
3,381
3,381
12,867
2026
3,349
2,977
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.88
0.66
0.7
1.25
3.49
2025
0.38
0.7
0.95
1.43
3.47
2026
0.91
1.19
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
1.32
2026
- -
- -
- -
- -
- -
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Business
Lian Hwa Foods Corporation is a Taiwan-based company engaged in the manufacture, processing, wholesale, and retail of a diverse range of food products. Its core product offerings include seaweed, fish, squid, noodles, rice grains, legumes, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter, and ready-to-eat (RTE) foods such as bento boxes, rice balls, sushi, and sandwiches. The company markets these products primarily under the brand names KOLOKO, VIVA, CADINA, Moto-Moto-Yama, Chef Hoka, Lucky Star, Patata, Yuan-Ben-Shan, Ginia, Wowzai, and KgCheck. Lian Hwa also engages in tobacco and alcohol wholesale and retail activities. Its manufacturing facilities are located in Keelung and Chunghua cities in Taiwan. Founded in 1951 and headquartered in Taipei City, Taiwan, Lian Hwa Foods Corporation serves both domestic and international markets, with a strong presence in Taiwan through contract manufacturing for major convenience store chains such as 7-11. The company has made significant strategic moves in recent years, notably focusing on expanding its Ready-to-Eat food segment, which involves complex production and rigorous quality control, positioning itself as a leading contract manufacturer in this category. It also launched the KgCheck diet brand offering meal replacements, expanding its product portfolio aimed at health-conscious consumers. The company reported revenue growth of 12.43% in 2024 with continued strong sales momentum into 2025, reflecting expansion and innovation in new product lines and business models under its New Lifestyle business division established in 2008. Recent operational changes include the retirement of General Manager Jia-Chi Lin in mid-2025 and sustained earnings growth reported through the third quarter of 2025, emphasizing steady financial performance. Lian Hwa Foods Corporation places a strong emphasis on research and development to innovate within the snack and RTE food industries while maintaining commitments to animal welfare standards. It operates through multiple well-established brands that cater to diverse consumer demographics, ranging from snacks to fresh and convenient food solutions in Taiwan and select overseas markets. Overall, Lian Hwa Foods Corporation positions itself as a comprehensive food manufacturer and distributor with a broad product portfolio encompassing traditional snacks, fresh foods, and ready-to-eat meals, supported by strategic growth initiatives and partnerships in Taiwan's competitive food sector.