Yung Chi Paint & Varnish Mfg Co Ltd

Chart & Performance

D1W1MN

P/E

14.78

P/S

1.33

EPS

5.28

Div Yield, %

4.48%

Shrs. gr., 5y

-0.04%

Rev. gr., 5y

3.71%

Revenues

9.53b

+1.83%

Net income

856m

+2.99%

CFO

593m

-62.41%

Dividend

Jul 17, 20243.5 TWD/sh

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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	9,525,927 1.83%	9,354,380 -3.92%	9,735,561 9.81%
Cost of revenue	8,539,079	8,410,419	8,866,010
Unusual Expense (Income)
NOPBT	986,848	943,961	869,551
NOPBT Margin	10.36%	10.09%	8.93%
Operating Taxes	251,139	211,462	225,402
Tax Rate	25.45%	22.40%	25.92%
NOPAT	735,709	732,499	644,149
Net income	856,053 2.99%	831,238 2.06%	814,474 -7.67%
Dividends	(567,000)	(567,000)	(567,000)
Dividend yield	4.61%	4.62%	4.97%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	57,888	59,637	42,854
Long-term debt	52,660	89,962	84,736
Deferred revenue
Other long-term liabilities	15,476	30,077	33,624
Net debt	(1,080,267)	(2,781,096)	(1,489,935)
Cash flow
Cash from operating activities	593,218	1,578,264	580,637
CAPEX	(149,733)	(168,267)	(225,452)
Cash from investing activities	(838,121)	(519,784)	281,468
Cash from financing activities	(580,640)	(670,705)	(690,609)
FCF	231,806	1,123,153	51,071
Balance
Cash	2,588,216	2,660,203	1,892,094
Long term investments	(1,397,401)	270,492	(274,569)
Excess cash	714,519	2,462,976	1,130,747
Stockholders' equity	7,662,330	9,681,631	9,466,814
Invested Capital	9,638,415	7,449,535	8,436,020
ROIC	8.61%	9.22%	7.70%
ROCE	9.46%	9.44%	8.97%
EV
Common stock shares outstanding	161,912	162,313	162,328
Price	76.00 0.53%	75.60 7.54%	70.30 -4.87%
Market cap	12,305,317 0.28%	12,270,863 7.53%	11,411,658 -4.86%
EV	11,225,050	9,489,767	9,921,723
EBITDA	1,216,848	1,158,101	1,056,368
EV/EBITDA	9.22	8.19	9.39
Interest	1,023	1,155	2,989
Interest/NOPBT	0.10%	0.12%	0.34%