Yung Chi Paint & Varnish Mfg Co Ltd

Chart & Performance

D1W1MN

P/E

14.81

P/S

1.32

EPS

5.13

Div Yield, %

4.61%

Shrs. gr., 5y

0.01%

Rev. gr., 5y

3.07%

Revenues

9.35b

-3.92%

Net income

831m

+2.06%

CFO

1.58b

+171.82%

Dividend

Jul 17, 20243.5 TWD/sh

Earnings

May 30, 2025

Profile

Yung Chi Paint & Varnish Mfg.Co.,Ltd manufactures and sells coatings and paints primarily in Taiwan. The company offers architecture coatings, including water and solvent-based cement mortar paints, exterior wall paints and clear coatings, water-based epoxy paints, wood coatings, and other used architecture coatings; and waterproof coatings comprising water based waterproof paints, polyurea elastomer, and polyurethane waterproof paints. It also provides heavy duty coatings, such as ready-mixed, top-long, enamel, PU, epoxy, vinyl ester, chlorinated rubber, yung flon, polyurethane, and polysiloxane paints. In addition, the company offers marine paints that include supermarine products; anti-fouling, marine primers and paints, and rainbow paints; and fire-retardant coatings and spray-applied fire resistive materials. Further, it provides specialty coatings, which comprise galvanized steel emulsions, anti-midew, baking, and heat-resisting paints; and varnishes, putty, traffic paints, black board paints, paint removers, hammer tone paints, paint oils, flash rust inhibitors, magnetic paints, weldable anti-corrosive primers, gold paints, and flat paints. Additionally, the company offers coil coatings and maintenance paints; continental coatings, including epoxy, heat resisting paints, thinners, polyurethane and zinc coatings, and siloxane; and floor coatings, such as epoxy floor coating and water-based epoxy paints. It also provides paint pigments, synthetic resins, fire protection coatings, cement made products, and steel drums, as well as can, nuclear, and curtain wall coatings; and engages in the coating, anti-corrosive, lining coating, rust removal by water-jet, and wet sand blasting construction, as well as electrolytic protection activities. The company was founded in 1951 and is based in Kaohsiung, Taiwan.

URL

https://www.rainbowpaint.com.tw/

IPO date

Jun 24, 1998

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	9,354,380 -3.92%	9,735,561 9.81%	8,865,627 10.99%
Cost of revenue	8,410,419	8,866,010	7,851,152
Unusual Expense (Income)
NOPBT	943,961	869,551	1,014,475
NOPBT Margin	10.09%	8.93%	11.44%
Operating Taxes	211,462	225,402	181,899
Tax Rate	22.40%	25.92%	17.93%
NOPAT	732,499	644,149	832,576
Net income	831,238 2.06%	814,474 -7.67%	882,167 6.22%
Dividends	(567,000)	(567,000)	(567,000)
Dividend yield	4.62%	4.97%	4.73%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	59,637	42,854	49,490
Long-term debt	89,962	84,736	24,382
Deferred revenue			58,159
Other long-term liabilities	30,077	33,624	8,501
Net debt	(2,781,096)	(1,489,935)	(1,311,000)
Cash flow
Cash from operating activities	1,578,264	580,637	645,676
CAPEX	(168,267)	(225,452)	(798,005)
Cash from investing activities	(519,784)	281,468	(137,956)
Cash from financing activities	(670,705)	(690,609)	(568,666)
FCF	1,123,153	51,071	(157,270)
Balance
Cash	2,660,203	1,892,094	2,112,916
Long term investments	270,492	(274,569)	(728,044)
Excess cash	2,462,976	1,130,747	941,591
Stockholders' equity	9,681,631	9,466,814	9,111,056
Invested Capital	7,449,535	8,436,020	8,288,308
ROIC	9.22%	7.70%	10.37%
ROCE	9.44%	8.97%	10.85%
EV
Common stock shares outstanding	162,313	162,328	162,313
Price	75.60 7.54%	70.30 -4.87%	73.90 3.65%
Market cap	12,270,863 7.53%	11,411,658 -4.86%	11,994,931 3.66%
EV	9,489,767	9,921,723	10,683,931
EBITDA	1,158,101	1,056,368	1,172,740
EV/EBITDA	8.19	9.39	9.11
Interest	1,155	2,989	996
Interest/NOPBT	0.12%	0.34%	0.10%