Makalot Industrial Co., Ltd.

Makalot Industrial Co., Ltd.

TTWSE:1477
209.00
TWD
0.00
(0.00%)
13.85EPS
16.01P/E
54.03BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
91.27
103.9
107.61
97.99
98.21
109.53
117.9
111.14
119.6
130.04
134.21
146.88
139.56
132.48
Basic EPS, GAAP
6.83
8.48
9.95
6.74
5.64
6.9
8.3
9.17
10.98
14.25
16.5
17.01
14.65
13.68
Free Cash Flow per Basic Share
-11.2
4.5
13.98
1.73
6.4
7.02
5.12
0.03
10.74
13.41
21.92
16.21
13.54
12.6
Dividend per Share
5.25
6.52
6.79
8.38
6.1
5.75
6.48
4.9
8
9.31
14.5
23.4
16.1
- -
Book Value per Share
25.98
36.35
40.18
37.93
36.61
38.22
39.65
43.96
55.59
62.25
64.13
59.36
56.93
55.89
Tangible Book Value per Share
25.8
36.16
39.95
37.76
36.52
38.14
39.51
43.8
55.45
62.14
64.02
59.27
56.83
55.79
Basic Weighted Avg Shares
196
201
217
226
228
218
229
224
242
247
242
242
247
247
Sales/Revenue/Turnover
17,911
20,889
23,359
22,128
22,375
23,930
27,048
24,924
28,931
32,083
32,459
35,524
34,428
32,678
Operating Margin (%)
9.07
9.99
11.35
8.81
7.9
8.27
9.19
10.82
11.61
13.82
14.93
14.89
13.6
13.71
Depreciation Expense
203
260
305
360
389
373
519
534
530
562
548
565
608
645
Net Income, GAAP
1,341
1,705
2,159
1,523
1,286
1,507
1,905
2,056
2,655
3,515
3,991
4,115
3,614
3,373
Effective Tax Rate (%)
18.47
18.59
19.11
19.21
19.8
22.05
21.26
23.48
21.19
22.86
19.74
20.42
20.09
20.56
Profit Margin (%)
7.49
8.16
9.24
6.88
5.75
6.3
7.04
8.25
9.18
10.95
12.3
11.58
10.5
10.32
Working Capital
2,541
3,515
3,906
3,290
3,419
3,706
3,984
4,719
8,453
9,453
9,821
8,075
7,340
7,126
LT Debt
1,640
- -
- -
- -
- -
- -
71
54
370
161
71
166
922
939
Total Equity
5,330
8,162
9,112
8,728
8,504
8,881
9,198
10,164
13,795
15,445
15,927
14,769
14,174
13,890
Return on Invested Capital (%)
20.8
21.23
23.13
16.45
15.43
16.64
19.49
16.49
17.12
19.25
20.86
23.74
21.75
21.16
Return on Capital (%)
22.5
22.54
24.34
16.57
14.63
17.23
20.28
17.5
18.13
21.5
23.62
25.68
23.28
22.62
Return on Common Equity (%)
26.92
25.37
25.1
17.26
15.14
17.56
21.32
21.44
22.31
24.18
25.6
27.02
25.2
24.73

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,442
1,446
1,442
LT Borrowings
- -
- -
- -
LT Finance Leases
922
912
939
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
247
247
247
Market Capitalization
71,171
56,123
54,026

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,905
16,529
16,021
Cash, Cash Equivalents & STI
9,580
11,016
9,184
Accounts Receivable, Net
899
746
930
Inventories
5,034
4,180
5,362
Total Current Liabilities
8,565
10,204
8,895
Payables & Accruals
- -
- -
- -
ST Debt
1,442
1,446
1,442
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.12%
7.9%
-4.03%
Free Cash Flow
4,455.85%
8,898.03%
-14.83%
Net Income, GAAP
7.25%
13.2%
-12.17%
Sales/Revenue/Turnover
4.25%
6.9%
-3.08%
Total Cash Common Dividend
16.35%
35.79%
-29.82%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,608
7,694
10,465
8,756
35,524
2025
9,924
7,689
- -
7,926
34,428
2026
8,897
8,166
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.63
3.48
4.74
3.92
17.01
2025
5.15
2.5
- -
3.52
14.65
2026
4.35
3.3
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
6.86
23.4
2025
- -
- -
- -
- -
16.1
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hsin Peng Chou
Full Time Employees
38,264
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
No.550, Zhongxiao East Road Taipei TP Taiwan 110
IPO Date
Aug 2, 2002
Business
Makalot Industrial Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture, and sale of garments, primarily serving the American and European markets. The company produces a broad range of apparel products including underwear, pajamas, skirts, dresses, tops, jackets, trousers, sweaters, sportswear, and other knitting and weaving items, encompassing fashion apparel, sports apparel, and sleeping apparel across more than 15 categories and approximately 2,500 styles annually. Additionally, Makalot provides comprehensive services such as materials development, supplier management, garment style design, trend supply, logistics, research and development, and electronic information exchange solutions. Its client base includes major retailers in the United States, such as Wal-Mart, Gap, and Target. The company operates globally with over 33,000 employees and 33 factories located in Indonesia, Vietnam, Cambodia, China, and the Philippines. Founded in 1990, Makalot is headquartered in Taipei, Taiwan. In recent developments, Makalot has expanded its Americas supply chain facilities, notably enhancing its operational footprint in El Salvador to better support the U.S. market, improve supply chain resilience, and foster closer collaboration with its clients. The company has also ventured into smart textiles and AI-driven fashion innovation, launching advanced materials and integrated smart textile solutions that include garments capable of sensing physiological signals, heating and cooling systems, motion-capture apparel, and muscle-stimulation wearables. Furthermore, Makalot has adopted advanced digital tools such as Coats Digital’s GSDCost solution to optimize production efficiency, cost management, and on-time delivery as part of its strategic global expansion and sustainability efforts. The company actively pursues environmentally friendly practices and has set ambitious targets for carbon neutrality and energy efficiency improvements. Makalot's operations and strategic initiatives position it as a leading global OEM/ODM garment manufacturer, delivering mid-priced, fashionable, and diversified apparel products with integrated supply chain management and a strong emphasis on innovation and sustainability in the textile and apparel industry.