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Shihlin Paper Corporation

Shihlin Paper Corporation

TTWSE:1903
47.10
TWD
-0.05
(-0.11%)
1.35EPS
34.89P/E
12.26BMarket Cap
Shihlin Paper Corporation
TWSE:1903
(Taiwan Stock Exchange)

Recent

price

47.10

P/E

ratio

34.89

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
8.44
9.22
8.14
7.74
5.97
0.79
0.27
0.72
0.84
0.65
0.61
1.25
0.63
0.66
0.6
0.59
0.58
Revenue per Share
-0.68
-0.34
-0.64
-0.66
-1.71
-0.61
-0.7
-0.66
-0.64
-0.69
-0.52
0.32
0.81
0.33
-0.08
1.29
1.35
Basic EPS, GAAP
-1.11
-0.27
-0.51
-1.21
-1.22
-0.15
-0.6
-0.46
-0.52
-0.48
-0.39
0.66
0.43
-0.48
-1.27
-0.51
-0.56
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
17.13
15.54
15.13
14.36
14.04
12.33
11.41
11.1
10.08
9.69
13.12
32.52
19.86
16.54
20.28
21.25
21.18
Book Value per Share
17.08
15.53
15.12
14.35
14.03
12.32
11.4
11.06
10.03
9.65
13.09
32.49
19.83
16.52
20.27
21.24
21.17
Tangible Book Value per Share
260
260
260
260
260
260
260
260
260
260
260
260
261
260
260
260
261
Basic Weighted Avg Shares
2,194
2,397
2,118
2,012
1,552
205
70
186
219
169
159
326
165
171
156
153
153
Sales/Revenue/Turnover
-7.96
-5.56
-8.36
-9.82
-15.35
-109.7
-306.82
-88.68
-78.67
-108.82
-95.57
-8.15
-62.54
-37.79
-31
-14.31
-11.06
Operating Margin (%)
95
78
84
77
84
25
23
22
22
21
20
16
15
15
11
10
10
Depreciation Expense
-176
-88
-166
-171
-445
-159
-183
-170
-167
-180
-136
84
212
86
-21
336
352
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.93
- -
- -
- -
2.74
0.08
Effective Tax Rate (%)
-8.02
-3.67
-7.84
-8.51
-28.69
-77.27
-262.93
-91.48
-76.33
-105.95
-85.08
25.84
128.31
50.47
-13.49
219.02
231.12
Profit Margin (%)
75
-322
-432
-694
-535
-978
-1,203
-1,267
-1,516
-1,600
-704
4,341
916
-65
280
412
30
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
106
291
70
177
- -
LT Debt
4,455
4,040
3,934
3,734
3,652
3,206
2,966
2,887
2,621
2,520
3,413
8,457
5,164
4,301
5,274
5,526
5,508
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.3
-1.12
-0.89
- -
-0.25
-0.19
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.27
2.6
1.75
- -
4.47
4.61
Return on Capital (%)
-3.98
-2.07
-4.16
-4.47
-12.06
-4.63
-5.93
-5.82
-6.06
-6.99
-4.57
1.42
3.11
1.82
-0.44
6.22
6.39
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,117
3,313
3,302
LT Borrowings
177
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
260
260
260
Market Capitalization
14,016
12,859
12,261

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,677
3,574
3,527
Cash, Cash Equivalents & STI
3,537
3,426
3,377
Accounts Receivable, Net
48
48
47
Inventories
14
14
15
Total Current Liabilities
3,266
3,471
3,497
Payables & Accruals
- -
- -
- -
ST Debt
3,117
3,313
3,302
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.18%
23.91%
4.77%
Free Cash Flow
-14.33%
-81.16%
-60.18%
Net Income, GAAP
-190.29%
-378.47%
-1,698.08%
Sales/Revenue/Turnover
13.88%
9.64%
-1.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
37
38
40
156
2025
40
37
37
39
153
2026
39
37
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.06
0.12
-0.08
-0.08
2025
-0.07
-0.15
0.75
0.75
1.29
2026
-0.07
-0.08
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Shihlin Paper Corp. (1903.TW) manufactures and sells paper products and consumer goods in Taiwan, Europe, and Asia. Founded in 1918 as part of Taiwan Paper Corp. and established independently in 1959, the company is headquartered at No. 31, Fude Road, Shilin District, Taipei, Taiwan. Its core products include industrial papers such as gray copper cards, single boards with white back, gray cardboards, duplex boards with white or gray back, chip boards, color cards, and black boards used in printed boxes, core boards, photo frames, shoe boxes, packaging containers, and book binding; wet tissues and wipes for cleaning supplies serving individuals, families, and infants; and proprietary brands Baby Lion offering wet wipes, mosquito repellents, pandemic prevention items, baby bath and skincare products, adult wet wipes, feminine cleansing wipes, alcohol-related products, and household cleaning products, and Forest Beauty (also known as Oxygen Senghuo or oxygen facial living) providing facial masks and skincare products. Subsidiaries Sunnyfield Shihlin Co., Ltd. handle cosmetics, skincare, and mother-and-baby care; Shihlin Environment Co., Ltd. and Good Earth Development Co., Ltd. focus on investment development and urban reconstruction; and Sunshine Shihlin Dev Co., Ltd. manages residential and building development, leasing, sales, and real estate operations. The company also engages in asset leasing, investment development, wholesale of daily necessities, commercial building and public housing construction for rental or sale, and hotel rental business. In response to market changes, Shihlin Paper has transformed from paper manufacturing—ceasing operations at Shilin Factory in 1998 and Yuan Factory in 2014—to emphasize consumer products since 2015 with the Baby Lion brand launch and 2017 establishment of Day and Shihlin Co., Ltd. for Forest Beauty skincare; recent developments include providing TWD 300 million funding to Shihlin Environment Corp. and re-electing the board of directors effective June 20, 2025, for the 26th term. Operations primarily target domestic northern and central-southern markets while expanding globally through diverse channels, online platforms, and OEM partnerships, with a focus on natural, safe, innovative, and high-value products compliant with SGS and other standards.