Morn Sun Feed Mill Corp

1240 · TWO · Consumer Defensive / Farm Products

54.00TWD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close54.00

Open54.00

Day Range54.00 – 54.00

52-Week Range53.30 – 67.00

Volume16.75K

Market Cap2.51B

P/E (TTM)10.59

Forward P/E0.00

EPS5.11

Dividend Yield5.26%

Beta0.07

50-Day Avg54.06

200-Day Avg55.56

About

Morn Sun Feed Mill Corp. manufactures, processes, trades in, and transports feeds and raw materials in China. It operates through four segments: Feeds, Egg Product, Breeding, and Other. The company offers feed products for duck egg, laying hen, duck and goose, and chicken; and piglets, breeding sows, and meat pigs. It is also involved in the trading of rice, flour, soybeans, barley, wheat, and other grains. The company was formerly known as Morn Sun Feed Ltd. and changed its name to Morn Sun Feed Mill Corp. in December 2016. Morn Sun Feed Mill Corp. was founded in 1958 and is headquartered in Taipei, Taiwan.

Company Details

SectorConsumer Defensive
IndustryFarm Products
CEOMr. Qingde Wu
Employees0
HeadquartersNo. 30, Section 1, Heping West Road, Taipei, Taiwan, 100, Taiwan
Websitehttps://www.morn-sun.com.tw

Leadership

Mr. Qingde WuGM & Chairman of the Board
Mr. Xungao HuangFounder
Shaoqi QiuAccounting Supervisor

Financials

Income Statement

Currency: TWD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.41B	1.49B	1.82B	2.28B	3.00B	3.37B	2.91B	2.86B	2.74B
Growth (%)	-	+5.28%	+22.19%	+25.20%	+31.74%	+12.37%	-13.67%	-1.83%	-3.96%
Cost of Revenue	1.22B	1.32B	1.56B	2.01B	2.75B	3.12B	2.62B	2.53B	2.42B
Gross Profit	194.33M	165.10M	262.46M	266.88M	254.43M	251.94M	294.55M	325.15M	323.45M
Gross Margin	13.75%	11.09%	14.43%	11.72%	8.48%	7.47%	10.12%	11.38%	11.79%
Operating Expense	130.02M	97.46M	151.31M	81.00M	113.42M	247.81M	113.88M	221.52M	239.88M
Operating Income	64.31M	67.63M	111.16M	185.87M	141.01M	4.13M	180.66M	103.63M	83.57M
Operating Margin	4.55%	4.54%	6.11%	8.16%	4.70%	0.12%	6.21%	3.63%	3.05%
EBITDA	173.30M	127.04M	183.80M	204.94M	174.80M	44.09M	221.07M	258.18M	285.22M
EBITDA Margin	12.26%	8.54%	10.11%	9.00%	5.83%	1.31%	7.60%	9.04%	10.40%
Net Income	139.08M	99.93M	136.41M	155.49M	131.17M	5.59M	162.31M	179.60M	214.94M
Net Income Margin	9.84%	6.71%	7.50%	6.83%	4.37%	0.17%	5.58%	6.29%	7.83%
R&D	9.37M	6.11M	14.30M	18.70M	5.74M	4.85M	4.07M	6.15M	6.68M
R&D as % of Total Revenue	0.66%	0.41%	0.79%	0.82%	0.19%	0.14%	0.14%	0.22%	0.24%
Interest Expense	0	4.58M	3.53M	3.54M	3.11M	7.63M	9.56M	8.29M	6.90M
Interest Expense % of Total Revenue	0.00%	0.31%	0.19%	0.16%	0.10%	0.23%	0.33%	0.29%	0.25%

Balance Sheet

Currency: TWD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.59B	1.62B	1.71B	1.89B	2.13B	2.21B	2.18B	2.14B	2.22B
Total Liabilities	668.18M	447.96M	681.34M	633.42M	751.77M	896.50M	768.59M	647.26M	658.91M
Total Equity	919.69M	1.17B	1.01B	1.13B	1.27B	1.23B	1.35B	1.45B	1.50B
Cash	22.87M	12.86M	135.38M	104.75M	76.81M	55.53M	75.19M	70.93M	156.31M
Total Debt	-	-	-	338.33M	377.96M	541.00M	410.95M	-	-
Net Debt	440.93M	238.66M	264.59M	233.57M	301.16M	485.47M	335.76M	247.56M	155.59M

Cash Flow

Currency: TWD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	86.07M	58.51M	64.10M	155.07M	47.78M	-92.96M	237.01M	169.84M	219.92M
Investing Cash Flow	-8.91M	17.61M	-51.93M	-167.30M	-35.41M	-	-	-	-
Financing Cash Flow	-104.08M	-86.13M	110.35M	-18.39M	-40.31M	87.82M	-172.90M	-	-
Capital Expenditure	8.30M	6.84M	87.66M	147.90M	55.67M	17.29M	24.80M	28.21M	23.41M
Free Cash Flow	77.77M	51.67M	-23.56M	7.17M	-7.89M	-110.25M	212.21M	141.63M	196.52M
Dividends Paid	75.14M	75.14M	49.50M	67.98M	70.02M	73.52M	38.60M	86.61M	111.61M
FCF to OCF	90.35%	88.30%	-36.75%	4.62%	-16.52%	118.60%	89.54%	83.39%	89.36%
Dividend Paid to FCF	96.63%	145.44%	-210.14%	948.12%	-887.21%	-66.69%	18.19%	61.15%	56.80%

Earnings

Report Date	May 30, 2018	Aug 29, 2018	Nov 28, 2018	Feb 27, 2019	May 14, 2019	Aug 15, 2019	Nov 11, 2019	Feb 26, 2020	May 14, 2020	Aug 12, 2020	Nov 12, 2020	Mar 29, 2021	May 11, 2021	Aug 13, 2021	Nov 14, 2021	Mar 30, 2022	May 9, 2022	Aug 10, 2022	Nov 11, 2022	Mar 27, 2023	May 12, 2023
EPS Estimate	-	-	-	-	-	0.98	0.93	-	-	-	-	0.93	0.83	-	-	-	-	-	-	-	-
EPS Actual	0.79	0.53	0.41	0.98	0.94	1.18	0.83	0.85	0.93	0.79	1.14	1.22	0.75	0.85	0.74	0.92	0.33	0.55	-0.90	0.13	0.38
Surprise	-	-	-	-	-	20.41%	-10.75%	-	-	-	-	31.18%	-9.64%	-	-	-	-	-	-	-	-
Timing	-	-	-	-	Pre-market	After-hours	After-hours	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market

Key Statistics & Ratios

Market Cap2.51B

Enterprise Value2.42B

Trailing P/E10.59

Forward P/E0.00

Price / Sales0.89

Price / Book1.69

EPS5.11

Book Value32.30

Revenue (TTM)2.84B

Gross Profit (TTM)325.67M

EBITDA105.73M

Profit Margin8.39%

Operating Margin1.94%

Return on Equity15.67%

Return on Assets1.67%

Shares Outstanding46.44M

Shares Float26.07M

Beta0.07

Dividend Yield5.26%

Dividend Rate2.86

Payout Ratio50.35%

Dividends

20261×

2.86Jul 15, 2026

20251×

2.57Aug 28, 2025

20241×

1.96Aug 28, 2024

20231×

0.85Aug 30, 2023

20221×

1.58Aug 3, 2022

20211×

1.58Aug 31, 2021

20201×

1.46Aug 27, 2020

20191×

1.07Aug 6, 2019

20181×

1.78Jul 9, 2018

20171×

1.78Aug 16, 2017

Stock Splits

Sep 2, 20261050:1000
Aug 28, 20251070:1000
Aug 28, 20241050:1000
Aug 30, 20231020:1000
Aug 23, 20221050:1000
Aug 31, 20211050:1000
Aug 27, 20201030:1000
Aug 6, 20191030:1000