Yung Chi Paint & Varnish Mfg Co., Ltd.

Yung Chi Paint & Varnish Mfg Co., Ltd.

TTWSE:1726
76.00
TWD
0.00
(0.00%)
6.40EPS
12.19P/E
12.67BMarket Cap
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
50.3
51.25
49.85
47.08
47.27
49.64
49.01
49.31
54.73
60.1
57.74
58.8
60.4
61.4
Basic EPS, GAAP
6.33
6.39
5.8
6.52
4.88
4.61
4.21
5.13
5.45
5.03
5.13
5.28
5.5
6.41
Free Cash Flow per Basic Share
4.58
5.55
8.23
5.86
1.19
-0.21
3.15
5.66
-2.17
2.19
8.7
2.73
8.03
5.79
Dividend per Share
3.5
4.2
3.8
3.8
4
3.5
3.5
3.2
3.5
3.5
3.5
3.5
3.6
- -
Book Value per Share
45.12
47.64
49
51.15
51.08
52.07
51.93
54.09
56.9
59.09
60.42
63.36
64.38
65.33
Tangible Book Value per Share
45.05
47.57
48.94
51.09
51.02
52.02
51.89
54.06
56.87
59.06
60.4
63.34
64.36
65.32
Basic Weighted Avg Shares
162
162
162
162
162
162
162
162
162
162
162
162
162
162
Sales/Revenue/Turnover
8,147
8,303
8,076
7,628
7,658
8,042
7,940
7,988
8,866
9,736
9,354
9,526
9,785
9,945
Operating Margin (%)
13.98
15.72
15.19
15.15
13.67
9.37
10.07
12.26
11.44
8.93
10.09
10.36
11.18
11.97
Depreciation Expense
81
79
74
72
84
113
150
150
158
187
214
230
233
236
Net Income, GAAP
1,025
1,035
940
1,056
790
746
683
831
882
814
831
856
892
1,039
Effective Tax Rate (%)
19.38
16.63
23.53
16.37
25.33
15.73
20
20.29
17.09
21.68
20.28
22.68
23.27
20.77
Profit Margin (%)
12.58
12.47
11.64
13.84
10.32
9.28
8.6
10.4
9.95
8.37
8.89
8.99
9.11
10.45
Working Capital
5,774
6,090
6,229
6,401
5,887
5,772
5,601
5,760
5,432
5,683
5,994
6,390
6,718
6,832
LT Debt
- -
- -
- -
- -
- -
- -
- -
15
8
33
35
15
1
1
Total Equity
7,300
7,718
7,938
8,286
8,275
8,435
8,413
8,763
9,217
9,573
9,788
10,264
10,429
10,584
Return on Invested Capital (%)
12.6
14.07
11.69
11.67
9.28
7.39
7.39
8.92
9.06
7.11
7.61
7.48
7.91
9.06
Return on Capital (%)
14.42
13.62
11.89
12.92
9.47
8.85
8.05
9.61
9.76
8.63
8.52
8.48
8.57
10.23
Return on Common Equity (%)
14.58
13.78
12.01
13.01
9.54
8.93
8.11
9.67
9.81
8.67
8.59
8.54
8.62
10.28

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
47
37
50
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
162
162
162
Market Capitalization
12,393
12,150
12,668

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,224
8,869
9,069
Cash, Cash Equivalents & STI
3,176
3,666
3,655
Accounts Receivable, Net
1,890
1,970
1,880
Inventories
2,418
2,462
2,783
Total Current Liabilities
1,506
1,685
2,237
Payables & Accruals
- -
- -
- -
ST Debt
47
37
50
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.78%
3.55%
1.61%
Free Cash Flow
-164.35%
16.91%
194.37%
Net Income, GAAP
0.25%
1.55%
4.15%
Sales/Revenue/Turnover
2.06%
4.29%
2.72%
Total Cash Common Dividend
- -
- -
2.86%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,285
2,229
2,355
2,657
9,526
2025
2,544
2,472
2,262
2,507
9,785
2026
2,651
2,524
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.18
1.16
1.46
5.28
2025
1.6
1.16
1.52
1.23
5.5
2026
2.03
1.64
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.5
2025
- -
- -
- -
- -
3.6
2026
- -
- -
- -
- -
- -

Company Description

CEO
Fong-Li Chang
Full Time Employees
1,069
Sector
Process industries
Industry
Industrial specialties
Address
No.26, Yanhai 3rd Road Kaohsiung City KH Taiwan 81264
IPO Date
Jun 24, 1998
Business
Yung Chi Paint & Varnish Mfg. Co., Ltd. is a Taiwan-based manufacturer and distributor of a comprehensive range of coatings and paint products. Founded in 1951 and headquartered in Kaohsiung City, Taiwan, the company operates manufacturing facilities in Taiwan, China, Malaysia, Vietnam, and the United States. Yung Chi specializes in architectural coatings including solvent-based acrylic paints, water-based cement paints, exterior wall paints, exterior clear coatings, and water-based epoxy paints. It also provides waterproof coatings such as water-based waterproof paints, polyurea elastomer coatings, and polyurethane waterproof paints. In addition, the company produces heavy-duty coatings including ready-mixed, polyurethane, vinyl ester, chlorinated rubber, epoxy, alkyd, and polysiloxane paints, along with anti-corrosive primers and zinc-rich primers. Its marine paints product line offers supermarine coatings, anti-fouling paints, marine primers, and rainbow paints. Furthermore, Yung Chi supplies fire-retardant coatings and spray-applied fire-resistive materials; specialty coatings such as galvanized steel emulsions, anti-mildew and heat-resisting paints, varnishes, putty, traffic paints, black/whiteboard paints, and magnetic paints; as well as can coatings, coil maintenance coatings, floor coatings like epoxy floor paints, paint pigments, synthetic resins, fire protection materials, cement products, and steel drums. The company also engages in coating and anti-corrosive construction services including lining coating, rust removal by water-jet, wet sandblasting, and electrolytic protection. Recent major developments include expansions and continuous production capacity upgrades with ISO 9001:2015 certified plants in Taiwan, China, and Vietnam; the acquisition of a new site in Kaohsiung, Taiwan; leadership changes with new President and General Manager appointments; and product innovation such as the development of FM-900, an oil-based expandable fire protection coating. Yung Chi also carries out strategic philanthropic activities and product contributions for disaster relief. The company maintains a strong position in both domestic and international markets by providing a broad and diverse product portfolio for industries including construction, marine, heavy industry, and specialty applications. Yung Chi Paint targets customers in architectural, industrial, marine, and specialty coatings segments across Taiwan and overseas markets, reinforcing its role as a global player in coatings manufacturing and services. Its product and operational diversity support its leadership in coil coating, heavy-duty coatings, and specialty fire-protection coatings globally. The company is publicly listed with a significant workforce exceeding 700 employees and annual production capacity around 89,000 tons. This comprehensive product range and recent operational expansions position Yung Chi Paint & Varnish Mfg. Co., Ltd. as a leading coatings manufacturer with diversified capabilities and geographic reach in Asia and beyond.