1. Taiwan Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: non-alcoholic
Hey-Song Corp.

Hey-Song Corp.

TTWSE:1234
32.25
TWD
+0.05
(+0.16%)
1.64EPS
20.43P/E
13.44BMarket Cap
Hey-Song Corp.
TWSE:1234
(Taiwan Stock Exchange)

Recent

price

32.25

P/E

ratio

20.43

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
13.78
16.55
12.8
13.32
14.97
15.83
21.8
22.62
22.15
22.76
22.91
22.95
23.78
26.32
25.51
23.66
22.99
Revenue per Share
0.82
0.98
14.26
0.64
0.98
1.54
2.75
1.35
1.73
2.11
2.22
1.98
2.21
2.36
2.36
2
1.64
Basic EPS, GAAP
0.61
0.18
0.08
-2.89
-3.69
-1.99
-4.25
-4.73
0.55
2.54
3.08
2.17
1.47
2.57
0.16
-0.44
0.58
Free Cash Flow per Basic Share
0.6
0.67
0.6
2.73
2
1.2
1.5
2
1.5
1.6
1.7
1.8
1.7
1.8
1.9
1.9
- -
Dividend per Share
24.22
31.87
50.35
44.23
43.22
43.34
44.39
43.7
43.87
44.5
44.96
45.15
45.65
46.4
46.87
46.9
45.88
Book Value per Share
24.2
31.87
50.35
44.22
43.21
43.33
44.38
43.69
43.85
44.48
44.95
45.14
45.64
46.38
46.86
46.9
45.85
Tangible Book Value per Share
402
402
536
491
402
402
402
402
402
402
402
402
402
402
402
402
402
Basic Weighted Avg Shares
5,537
6,651
6,858
6,538
6,015
6,361
8,762
9,090
8,902
9,146
9,205
9,223
9,558
10,576
10,251
9,510
9,250
Sales/Revenue/Turnover
0.52
0.71
1.47
1.61
-0.22
1.25
1.71
1.87
2.51
5.04
6.68
6.57
6.2
6.79
6.77
4.38
4.57
Operating Margin (%)
214
204
200
205
256
283
239
278
306
342
353
356
352
351
349
348
356
Depreciation Expense
331
392
7,640
312
395
620
1,106
543
696
847
890
797
886
948
947
804
659
Net Income, GAAP
25.09
20.01
2.03
68
17.58
14
10.54
15.59
13.27
12.47
14
20.41
19.01
20.74
20.55
20.01
22.51
Effective Tax Rate (%)
5.97
5.9
111.4
4.77
6.57
9.75
12.62
5.98
7.82
9.26
9.67
8.64
9.27
8.97
9.24
8.46
7.12
Profit Margin (%)
1,556
1,706
9,801
6,494
5,341
5,672
5,162
4,596
4,575
5,108
5,559
5,455
5,986
6,346
5,949
6,288
5,945
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
18
7
85
68
50
49
63
59
LT Debt
9,735
12,809
20,235
17,775
17,370
17,417
17,838
17,562
17,628
17,882
18,069
18,144
18,345
18,646
18,835
18,849
18,436
Total Equity
0.22
0.32
0.57
0.17
-0.06
0.38
0.73
0.74
0.98
2.12
2.76
2.5
2.47
2.91
2.75
1.6
1.62
Return on Invested Capital (%)
3.32
3.36
44.37
1.6
2.21
3.5
6.03
2.88
3.61
4.41
4.71
4.2
4.63
4.95
4.85
4.02
3.43
Return on Capital (%)
3.43
3.48
46.24
1.64
2.25
3.57
6.27
3.07
3.96
4.77
4.95
4.4
4.86
5.13
5.06
4.27
3.57
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,981
1,884
1,883
LT Borrowings
- -
- -
- -
LT Finance Leases
63
57
59
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
402
402
402
Market Capitalization
15,271
14,387
13,443

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,006
9,159
9,509
Cash, Cash Equivalents & STI
1,524
1,800
1,724
Accounts Receivable, Net
677
739
782
Inventories
6,561
6,447
6,792
Total Current Liabilities
2,718
3,415
3,563
Payables & Accruals
- -
- -
- -
ST Debt
1,981
1,884
1,883
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.8%
0.85%
0.07%
Free Cash Flow
-5.87%
-90.71%
-372.57%
Net Income, GAAP
7.49%
-1.49%
-15.1%
Sales/Revenue/Turnover
4.7%
0.84%
-7.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,639
2,279
3,057
2,276
10,251
2025
2,230
2,467
2,612
2,202
9,510
2026
2,328
2,108
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.62
0.91
0.39
2.36
2025
0.61
0.35
0.61
0.43
2
2026
0.29
0.31
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.9
2025
- -
- -
- -
- -
1.9
2026
- -
- -
- -
- -
- -
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Business
Hey Song Corporation (1234.TW) manufactures, distributes, and sells a wide range of beverages primarily in Taiwan. The company offers carbonated beverages including HeySong Sarsaparilla drinks and sodas; tea drinks such as oolong, green, and black teas; coffee drinks; fruit drinks; fruit vinegar beverages; milk tea drinks; sports drinks; health drinks; and alcoholic beverages including whiskeys, wines, and Kaoliang spirits. Founded in 1925 and headquartered at 3rd Floor, No. 296, Section 4, Hsin Yi Road, Taipei, Taiwan, Hey Song operates production facilities with multiple lines for carbonated drinks, coffee, juice, tea, and sports drinks, and distributes products domestically as well as to overseas markets in Asia, the Americas, and Europe. The company recently integrated advanced vending machine technology from XAC, deploying the AT150U model to modernize its automated sales infrastructure, and maintains ongoing innovation in its diverse portfolio of tea, juice, coffee, and functional beverages while emphasizing sustainability through initiatives like risk management, occupational safety, and environmental efforts via the Hey Song Education Foundation.