Min Aik Precision Industrial Co Ltd

Chart & Performance

D1W1MN

P/E

43.38

P/S

1.74

EPS

1.08

Div Yield, %

3.21%

Shrs. gr., 5y

0.10%

Rev. gr., 5y

0.02%

Revenues

2.08b

-8.79%

Net income

83m

-48.67%

CFO

569m

Dividend

Jun 27, 20241 TWD/sh

Earnings

May 30, 2025

Profile

Min Aik Precision Industrial Co., Ltd., an investment holding company, processes and manufactures electroplating of aluminum and copper products, precision stamping components, and electroless nickel plating products. The company offers precision stamping components, such as voice coil motor plates, disk clamps, balance weights, insert plates, bobbins, stiffeners, top covers, pins, etc. for use in hard disk drive applications. It also provides precision stamping components for use in mobile phones, tablets, LCD panels, projectors, fingerprint modules, and other related products; precision metal stamping parts to large-size aluminum sheets that is used in automotive industry; heat sinks, primarily copper based metal with various surface treatment conditions, such as sand blasting, nickel plating, silicon oxide, gold plating, etc. for use in high-end servers, communication devices, and consumer electronics; and other product applications, such as electronic shielding, as well as industrial equipment, sewing machine, medical equipment, and other related metal stamping parts. In addition, the company engages in the design, manufacture, sale, and after-sales service of medical injection, molding, and automatic machines. It operates in Taiwan, Malaysia, Singapore, China, the United States, Thailand, and internationally. The company was formerly known as Ming-En Color-Coating Co., Ltd. and changed its name to Min Aik Precision Industrial Co., Ltd. in September 2003. Min Aik Precision Industrial Co., Ltd. was incorporated in 2001 and is headquartered in Taoyuan, Taiwan.

URL

https://www.mapi.com.tw/

IPO date

Apr 22, 2013

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	2,075,139 -8.79%	2,275,017 4.94%	2,167,903 12.81%
Cost of revenue	2,006,579	2,119,807	2,021,280
Unusual Expense (Income)
NOPBT	68,560	155,210	146,623
NOPBT Margin	3.30%	6.82%	6.76%
Operating Taxes	34,854	60,290	25,738
Tax Rate	50.84%	38.84%	17.55%
NOPAT	33,706	94,920	120,885
Net income	83,065 -48.67%	161,828 81.39%	89,217 197.52%
Dividends	(115,500)	(53,900)	(42,350)
Dividend yield	4.98%	2.32%	1.87%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	406,964	386,901	380,470
Long-term debt	314,084	502,831	366,304
Deferred revenue		290,000	254,000
Other long-term liabilities		(290,000)	(254,000)
Net debt	(192,402)	194,553	(73,056)
Cash flow
Cash from operating activities	569,403	(7,702)	144,306
CAPEX	(66,778)	(117,003)	(114,697)
Cash from investing activities	(68,258)	(112,755)	(104,602)
Cash from financing activities	(272,181)	(37,604)	(111,949)
FCF	478,811	(334,092)	46,977
Balance
Cash	913,450	683,529	790,507
Long term investments		11,650	29,323
Excess cash	809,693	581,428	711,435
Stockholders' equity	1,270,684	1,305,733	1,109,250
Invested Capital	1,604,563	2,068,419	1,674,136
ROIC	1.84%	5.07%	7.39%
ROCE	2.79%	5.68%	6.01%
EV
Common stock shares outstanding	77,382	77,589	77,365
Price	30.00 0.00%	30.00 2.39%	29.30 -2.66%
Market cap	2,321,460 -0.27%	2,327,670 2.69%	2,266,794 -2.34%
EV	2,129,058	2,522,223	2,193,738
EBITDA	189,095	259,484	255,254
EV/EBITDA	11.26	9.72	8.59
Interest	18,637	12,064	10,366
Interest/NOPBT	27.18%	7.77%	7.07%