Kian Shen Corporation

Kian Shen Corporation

TTWSE:1525
62.80
TWD
-0.70
(-1.10%)
1.46EPS
46.02P/E
4.95BMarket Cap
Nov 11Next 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
16.71
16.15
16.37
16.27
15.93
18.23
16.92
14.35
17.38
20.44
21.78
19.87
16.97
17.82
Basic EPS, GAAP
4.05
4.35
5.96
7.21
7.36
6.17
3.95
4.41
4.18
3.68
5.5
4.12
3.21
1.46
Free Cash Flow per Basic Share
1.5
1.19
0.3
0.21
-0.73
-0.75
-1.08
-1.69
-0.39
-2.08
0.25
-1.01
-2.55
-2.62
Dividend per Share
1.51
1.51
1.32
1.32
2.3
2.4
1.8
2
2.2
2.1
2.1
3.3
3.1
- -
Book Value per Share
38.12
42.31
46.15
48.39
52.96
56.04
55.98
58.91
60.48
62.94
65.18
67.98
68.43
67.96
Tangible Book Value per Share
38.04
42.21
46.07
48.33
52.91
56.01
55.96
58.88
60.43
62.91
65.1
67.88
68.25
67.81
Basic Weighted Avg Shares
73
73
73
73
73
73
73
73
73
73
73
73
73
73
Sales/Revenue/Turnover
1,226
1,186
1,202
1,194
1,169
1,338
1,242
1,053
1,276
1,500
1,598
1,459
1,246
1,309
Operating Margin (%)
2.51
1.91
2.94
1.37
0.71
2.66
2.37
0.6
1.14
2.98
4.09
3.75
3.11
3.79
Depreciation Expense
33
35
35
35
37
37
37
41
48
55
65
77
88
96
Net Income, GAAP
297
320
437
529
541
453
290
324
307
270
404
302
236
108
Effective Tax Rate (%)
18.39
10.3
8.89
15.87
11.64
15.92
31.2
20.99
18.43
20.44
26.87
21.68
24.58
64.54
Profit Margin (%)
24.25
26.95
36.39
44.32
46.24
33.88
23.34
30.77
24.05
17.98
25.26
20.72
18.93
8.22
Working Capital
655
242
307
246
147
151
449
670
818
1,423
1,895
1,930
1,762
2,192
LT Debt
- -
- -
- -
- -
- -
- -
44
57
69
52
- -
- -
- -
- -
Total Equity
2,798
3,105
3,387
3,552
3,887
4,113
4,109
4,324
4,439
4,620
4,784
4,990
5,023
4,988
Return on Invested Capital (%)
0.91
0.7
0.92
0.36
0.17
0.66
0.44
0.11
0.24
0.72
0.94
0.82
0.59
0.37
Return on Capital (%)
10.2
9.89
12.26
13.83
13.05
10.14
6.32
6.91
6.36
5.51
8.04
5.9
4.57
2.19
Return on Common Equity (%)
11.23
10.83
13.47
15.26
14.53
11.33
7.05
7.69
7
5.96
8.59
6.18
4.71
2.26

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
151
135
159
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
73
73
Market Capitalization
4,734
4,565
4,947

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,140
2,768
2,844
Cash, Cash Equivalents & STI
1,550
2,182
2,138
Accounts Receivable, Net
249
134
303
Inventories
196
221
240
Total Current Liabilities
379
387
652
Payables & Accruals
- -
- -
- -
ST Debt
151
135
159
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.05%
3.05%
0.66%
Free Cash Flow
-49.59%
-23.17%
152.23%
Net Income, GAAP
-3.21%
-2.97%
-21.97%
Sales/Revenue/Turnover
1.13%
4.39%
-14.6%
Total Cash Common Dividend
- -
- -
-6.06%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
309
376
403
371
1,459
2025
277
294
331
344
1,246
2026
282
352
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
0.98
1.09
1.39
4.12
2025
0.8
0.81
0.87
0.73
3.21
2026
-0.82
0.68
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.3
2025
- -
- -
- -
- -
3.1
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chao Wen Chen
Full Time Employees
335
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
No. 100, Xinjiang Road Taoyuan TYC Taiwan 326
IPO Date
May 15, 1999
Business
Kian Shen Corporation (1525.TW) manufactures and sells automotive parts and components. The company produces disc brake pads, brake shoes, clutch facings, clutch plates, carbon composite clutches, and friction materials for motorcycles, cars, and industrial applications. Its product portfolio includes semi-metallic, non-asbestos organic, and low-metallic brake pads under its own brand, serving aftermarket and OEM customers. Kian Shen operates primarily in Taiwan, with distribution across Asia, Europe, and North America. Founded in 1971 and headquartered in Taoyuan, Taiwan, the company focuses on the automotive friction materials segment. Recent developments include expanded production capacity for electric vehicle brake systems and a strategic partnership with a major European automaker for low-noise friction products in 2024.