12

Ve Wong Corp

1203 · TW · Consumer Defensive / Packaged Foods

43.25TWD+0.45 (+1.05%)

Price History

Full chart

Market Stats

Previous Close42.80
Open43.80
Day Range43.10 – 44.55
52-Week Range37.35 – 50.80
Volume23.01K
Market Cap10.44B
P/E (TTM)20.90
Forward P/E22.37
EPS2.10
Dividend Yield2.29%
Beta0.33
50-Day Avg45.27
200-Day Avg42.36

About

Ve Wong Corporation engages in the production and sale of monosodium glutamate, soy sauce, instant noodles, canned food, and beverages in Taiwan, Thailand, and Vietnam. The company offers canned foods, including pickled cucumber, pickled lettuce, chili turnip strips, strip cucumber with perilla, ginger crisp, chili bamboo shoots, fermented tofu, and garlic chili sauce; canned beverages, such as asparagus drink, honey herbal jelly drink, mixed sweet porridge chinese style, lemon tea, peach drink, guava drink, paochong tea, and mixed fruit and vegetable juice; and soy sauce, thick soy sauce, and vegetarian oyster sauce shiitake flavor. It also provides seasoning products comprising spices powder mix, soup base seasoning bonito flavor, soup base seasoning shiitake flavor, soup base seasoning chicken flavor, ig-enriched monosodium glutamate, and sesame oil; instant noodles; and fast foods/instant soups, such as beef curry flavor, chicken curry flavor, pork curry flavor, beef stew flavor, mushroom pork flavor, vegetarian flavor, italian pasta sauce with beef and pork flavor, braised pork with tender bamboo shoot flavor, fried gluten, fried gluten with peanuts, instant laver soup, vegetarian instant laver soup, instant cup soup hot and sour flavor, instant cup soup corn flavor, and instant cup soup seaweed flavor. In addition, the company is involved in the residential, building, and industrial plant development and leasing; investment in public construction; and import and distribution of foreign tobacco, alcohol, and beverages. It sells its products under the Ve Wong, A-One, Vihuongto, Champion, Prince, Kung-Fu, Kim Ve Wong, Rarity, and Hot of Hots brand names. Ve Wong Corporation was incorporated in 1959 and is based in Taipei, Taiwan.

Company Details

  • SectorConsumer Defensive
  • IndustryPackaged Foods
  • CEOMr. Kung-Pin Chen
  • Employees1.78K
  • HeadquartersNo. 79, Zhongshan North Road, Taipei, Taiwan, Taiwan
  • Websitehttps://www.vewong.com

Leadership

  • Mr. Kung-Pin ChenGM, MD & Director
  • Mr. Egawa ManwaMD & Representative Director
  • Mr. Chi-Fang LiaoMD & Independent Director
  • Mr. Jing-Xiong WeiAssociate Manager
  • Hsu-Chou LoManager
  • Mr. De-Pu YuManager
  • Mr. Xuan-Zhang ChengAssociate Manager
  • Mr. Wen-Chieh LuManager of Finance & Accounting and Accounting Supervisor

Financials

Income Statement

Currency: TWD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.63B3.02B3.40B4.49B4.57B5.06B7.07B6.89B5.97B5.88B6.11B6.00B6.30B6.63B6.35B6.20B6.08B6.32B6.04B5.82B6.39B6.40B6.29B5.65B
Growth (%)-+14.98%+12.59%+32.07%+1.71%+10.73%+39.84%-2.53%-13.35%-1.59%+3.95%-1.89%+5.01%+5.34%-4.31%-2.39%-1.84%+3.98%-4.42%-3.62%+9.63%+0.28%-1.82%-10.06%
Cost of Revenue1.84B2.30B2.57B3.42B3.46B3.94B5.22B5.01B4.74B4.92B4.90B4.69B4.87B5.00B4.62B4.17B4.11B4.34B4.00B3.93B4.56B4.54B4.16B3.69B
Gross Profit-------1.88B1.24B958.99M1.21B1.31B1.43B1.63B1.73B2.02B1.97B1.98B2.04B1.90B1.83B1.87B2.12B1.96B
Gross Margin-------27.32%20.73%16.31%19.79%21.81%22.67%24.59%27.29%32.61%32.40%31.31%33.82%32.55%28.58%29.14%33.79%34.73%
Operating Expense-------1.03B881.40M831.56M903.92M774.17M866.74M1.01B915.28M964.48M948.60M1.01B1.08B963.46M794.83M1.01B1.05B1.03B
Operating Income38.63M-125.53M74.84M104.63M72.88M691.61M848.78M356.99M127.43M305.46M533.75M560.72M620.06M816.44M1.06B1.02B970.97M959.34M932.65M1.03B855.25M1.08B935.12M
Operating Margin1.47%-3.69%1.67%2.29%1.44%9.78%12.31%5.98%2.17%5.00%8.90%8.91%9.35%12.86%17.04%16.80%15.36%15.87%16.01%16.14%13.36%17.13%16.54%
EBITDA-------1.10B532.03M385.36M637.51M754.61M782.54M851.72M1.01B1.25B1.22B1.13B1.12B1.07B1.28B1.08B1.38B1.16B
EBITDA Margin-------16.01%8.91%6.55%10.43%12.58%12.43%12.84%15.96%20.26%20.06%17.90%18.50%18.38%20.06%16.92%21.95%20.49%
Net Income53.93M115.59M207.27M--10.47M671.21M450.49M115.44M41.25M100.30M263.48M266.93M266.65M422.96M442.58M431.91M456.88M429.10M447.88M625.40M427.70M561.04M430.56M
Net Income Margin2.05%3.83%6.09%--0.21%9.49%6.53%1.93%0.70%1.64%4.39%4.24%4.02%6.66%7.14%7.10%7.23%7.10%7.69%9.79%6.68%8.92%7.61%
R&D-------5.21M6.12M6.34M6.15M6.11M6.77M6.78M7.54M7.85M10.27M8.86M8.49M9.77M7.93M8.46M9.11M8.50M
R&D as % of Total Revenue-------0.08%0.10%0.11%0.10%0.10%0.11%0.10%0.12%0.13%0.17%0.14%0.14%0.17%0.12%0.13%0.14%0.15%
Interest Expense000000025.12M26.85M37.69M35.69M30.06M26.60M15.03M10.97M13.29M10.96M14.40M14.32M14.33M17.06M22.42M22.56M27.21M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.36%0.45%0.64%0.58%0.50%0.42%0.23%0.17%0.21%0.18%0.23%0.24%0.25%0.27%0.35%0.36%0.48%

Balance Sheet

Currency: TWD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.20B7.09B6.51B7.59B7.81B8.55B8.49B7.75B7.96B8.12B7.75B7.82B8.31B8.35B8.60B9.19B9.03B9.43B9.33B9.58B10.00B10.11B10.28B10.49B
Total Liabilities5.09B4.69B3.18B3.75B3.81B4.55B4.05B2.75B2.85B3.37B3.02B2.92B3.16B3.18B3.32B3.58B3.15B3.21B3.02B3.33B3.43B3.35B3.07B3.06B
Total Equity2.12B2.30B3.25B3.26B3.28B3.26B3.82B4.20B4.24B4.00B3.95B4.12B4.28B4.23B4.38B4.54B4.73B5.00B5.16B5.27B5.53B5.77B6.18B6.38B
Cash152.10M131.92M129.58M255.48M211.09M347.95M593.31M529.91M181.01M257.91M359.14M539.49M727.30M1.18B1.90B1.67B1.18B1.52B1.57B1.57B1.29B1.61B1.78B2.19B
Total Debt-------694.50M801.51M1.27B937.52M488.89M539.13M499.49M775.55M971.46M705.75M905.61M848.72M1.04B1.10B1.10B995.49M1.08B
Net Debt-------164.59M620.50M1.01B578.38M-50.61M-188.16M-685.13M-1.12B-699.03M-478.81M-612.04M-720.32M-533.62M-185.14M-512.54M-780.53M-1.11B

Cash Flow

Currency: TWD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow164.88M684.85M350.63M21.51M349.71M-752.21M1.63B-4.10M-32.71M698.95M844.58M714.65M725.12M1.06B824.07M721.68M445.13M1.08B965.07M184.91M1.31B796.60M1.26B
Investing Cash Flow89.00M-------369.13M-423.30M-128.94M-149.10M-45.26M-387.38M34.23M-81.44M-772.37M-468.42M156.30M-298.39M-323.52M-188.36M-389.47M-55.79M-328.01M
Financing Cash Flow---367.71M-621.43M--1.33B78.50M238.56M-448.63M-542.51M-258.55M-331.37M-212.34M-214.11M-811.26M-345.72M-575.00M-426.93M-440.00M-587.87M-700.90M-535.93M
Capital Expenditure27.51M64.20M27.46M1.18B483.50M267.55M134.66M222.38M316.64M123.60M57.00M100.70M106.31M179.54M35.45M147.70M330.40M125.48M83.51M111.79M253.65M294.05M129.30M80.33M
Free Cash Flow-------1.41B-320.75M-156.31M641.95M743.88M608.34M545.58M1.03B676.37M391.28M319.64M1.00B853.28M-68.74M1.02B667.30M1.18B
Dividends Paid---8.67M5.44M6.17M-104.63M126.74M120.00M120.00M72.00M240.00M240.00M240.00M240.00M312.00M240.00M237.71M261.48M261.48M261.48M261.48M285.25M
FCF to OCF-------86.38%7817.40%477.85%91.85%88.08%85.12%75.24%96.67%82.08%54.22%71.81%92.30%88.42%-37.18%77.63%83.77%93.60%
Dividend Paid to FCF-------7.42%-39.51%-76.77%18.69%9.68%39.45%43.99%23.32%35.48%79.74%75.08%23.75%30.64%-380.37%25.62%39.18%24.26%

Earnings

Report DateOct 31, 2009Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Aug 13, 2013Nov 13, 2013Mar 31, 2014May 15, 2014Aug 13, 2014Nov 13, 2014Mar 31, 2015Apr 2, 2015Aug 14, 2015Nov 16, 2015Mar 31, 2016May 16, 2016Aug 15, 2016Nov 11, 2016May 15, 2017Aug 14, 2017Nov 14, 2017Dec 31, 2017May 15, 2018Aug 14, 2018Dec 10, 2018Mar 16, 2019May 15, 2019Aug 14, 2019Nov 7, 2019Mar 31, 2020May 15, 2020Sep 2, 2020Dec 2, 2020Mar 3, 2021Jun 2, 2021Sep 1, 2021Dec 1, 2021Mar 2, 2022Jun 1, 2022Aug 31, 2022Nov 30, 2022Mar 30, 2023May 31, 2023
EPS Estimate0.17---------0.250.270.050.310.270.290.300.310.29---0.510.520.52--0.370.31--0.590.53------------
EPS Actual0.39-0.070.230.120.140.350.330.410.020.360.290.170.300.500.360.47-0.200.370.420.470.370.480.640.370.370.540.580.380.500.520.440.460.500.440.560.310.550.530.440.360.590.171.500.370.33
Surprise129.41%---------16.00%-37.04%500.00%61.29%33.33%62.07%-166.67%19.35%44.83%---25.49%-28.85%-28.85%--2.22%61.29%---22.03%-5.66%------------
TimingPre-market-----Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-market-After-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-market------------

Key Statistics & Ratios

Market Cap10.44B
Enterprise Value8.35B
Trailing P/E20.90
Forward P/E22.37
PEG Ratio0.00
Price / Sales1.96
Price / Book1.59
EPS2.10
Book Value27.33
Revenue (TTM)5.33B
Gross Profit (TTM)1.81B
EBITDA976.16M
Profit Margin9.35%
Operating Margin14.45%
Return on Equity10.12%
Return on Assets4.86%
Shares Outstanding237.71M
Shares Float65.97M
Beta0.33
Dividend Yield2.29%
Dividend Rate1.00
Payout Ratio57.21%

Dividends

20221×
1.10Sep 1, 2022
20211×
1.10Sep 2, 2021
20201×
1.00Sep 3, 2020
20191×
1.00Sep 4, 2019
20181×
1.30Aug 30, 2018
20171×
1.00Aug 30, 2017
20161×
1.00Sep 1, 2016
20151×
1.00Sep 1, 2015
20141×
1.00Sep 1, 2014
20131×
0.30Aug 29, 2013
20121×
0.50Sep 13, 2012
20111×
0.50Sep 15, 2011
20101×
0.58Sep 15, 2010
20091×
0.46Sep 16, 2009
19951×
0.38Jun 21, 1995
19941×
0.91Jun 25, 1994

Stock Splits

  • Sep 15, 20101763:1614
  • Sep 16, 200921:20
  • Jul 15, 199843:40
  • Nov 8, 1997520:487