Bedding World Co., Ltd.

2938 · TWO · Consumer Cyclical / Furnishings, Fixtures & Appliances

16.65TWD-0.50 (-2.92%)

Price History

Full chart

Market Stats

Previous Close17.15

Open16.80

Day Range16.60 – 16.95

52-Week Range18.05 – 29.70

Volume47.19K

Market Cap422.54M

P/E (TTM)12.85

Forward P/E0.00

EPS1.44

Dividend Yield0.00%

Beta-0.15

50-Day Avg23.24

200-Day Avg23.60

About

Bedding World Co., Ltd. operates as a mattress and bedding distributor under the Bed World brand in Taiwan. The company offers its products through department stores, online platforms, and e-commerce platforms. Bedding World Co., Ltd. was founded in 1972 and is based in Taipei, Taiwan.

Company Details

SectorConsumer Cyclical
IndustryFurnishings, Fixtures & Appliances
CEOSan-Jie Chen
HeadquartersNo. 88 Jiuzong Road, Taipei, Taiwan, 114, Taiwan
Websitehttps://www.beddingworld.com.tw

Leadership

San-Jie ChenChairman & General Manager
Wenzheng XieAccounting Supervisor

Financials

Income Statement

Currency: TWD	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	588.74M	698.34M	699.31M	693.83M	747.43M	737.54M	761.33M	776.48M	837.77M	890.60M	851.19M	840.56M	725.29M
Growth (%)	-	+18.62%	+0.14%	-0.78%	+7.73%	-1.32%	+3.23%	+1.99%	+7.89%	+6.31%	-4.43%	-1.25%	-13.71%
Cost of Revenue	303.46M	281.78M	286.28M	279.13M	286.07M	271.92M	267.88M	269.95M	302.18M	307.19M	278.46M	262.44M	228.46M
Gross Profit	285.27M	416.55M	413.02M	414.71M	461.36M	465.62M	493.45M	506.53M	535.59M	583.41M	572.73M	578.13M	496.84M
Gross Margin	48.46%	59.65%	59.06%	59.77%	61.73%	63.13%	64.81%	65.23%	63.93%	65.51%	67.29%	68.78%	68.50%
Operating Expense	280.76M	338.50M	352.68M	352.89M	353.79M	357.84M	372.09M	377.53M	380.80M	427.57M	463.65M	458.86M	454.44M
Operating Income	4.52M	78.06M	60.35M	61.81M	107.57M	107.78M	121.36M	129.00M	154.79M	155.84M	109.08M	119.27M	42.39M
Operating Margin	0.77%	11.18%	8.63%	8.91%	14.39%	14.61%	15.94%	16.61%	18.48%	17.50%	12.82%	14.19%	5.85%
EBITDA	42.90M	109.70M	84.04M	84.32M	132.69M	127.14M	209.55M	221.44M	251.84M	263.53M	234.81M	243.54M	178.99M
EBITDA Margin	7.29%	15.71%	12.02%	12.15%	17.75%	17.24%	27.52%	28.52%	30.06%	29.59%	27.59%	28.97%	24.68%
Net Income	11.64M	67.05M	45.07M	44.01M	86.48M	79.54M	84.08M	92.77M	114.81M	117.25M	75.47M	85.38M	23.86M
Net Income Margin	1.98%	9.60%	6.44%	6.34%	11.57%	10.78%	11.04%	11.95%	13.70%	13.17%	8.87%	10.16%	3.29%
R&D	-	-	1.14M	4.07M	1.41M	1.13M	1.25M	1.56M	1.61M	2.29M	1.07M	923.00K	842.00K
R&D as % of Total Revenue	-	-	0.16%	0.59%	0.19%	0.15%	0.16%	0.20%	0.19%	0.26%	0.13%	0.11%	0.12%
Interest Expense	8.51M	8.81M	7.98M	5.74M	4.53M	4.50M	13.26M	12.78M	12.41M	12.84M	14.01M	13.67M	13.68M
Interest Expense % of Total Revenue	1.45%	1.26%	1.14%	0.83%	0.61%	0.61%	1.74%	1.65%	1.48%	1.44%	1.65%	1.63%	1.89%

Balance Sheet

Currency: TWD	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	773.08M	809.31M	877.39M	830.42M	886.33M	911.03M	1.48B	1.52B	1.65B	1.70B	1.65B	1.66B	1.60B
Total Liabilities	630.95M	600.13M	620.72M	469.95M	462.18M	447.93M	991.55M	988.07M	1.05B	1.05B	992.99M	956.01M	914.78M
Total Equity	142.13M	206.60M	256.67M	360.47M	424.15M	463.63M	492.43M	534.85M	599.30M	646.47M	661.52M	701.59M	683.27M
Cash	84.18M	134.61M	241.06M	151.05M	205.00M	229.65M	211.92M	280.91M	379.41M	441.70M	397.14M	407.09M	391.79M
Total Debt	447.43M	421.85M	464.30M	338.76M	339.19M	319.38M	852.34M	852.17M	889.48M	878.28M	852.44M	795.89M	-
Net Debt	363.25M	287.24M	223.24M	187.71M	134.19M	89.72M	658.42M	571.26M	510.06M	436.59M	455.30M	388.81M	-

Cash Flow

Currency: TWD	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	64.91M	83.34M	73.05M	11.84M	88.49M	105.94M	154.52M	220.93M	253.12M	247.11M	189.32M	243.97M	121.37M
Investing Cash Flow	-48.78M	-12.90M	-7.42M	-19.33M	-13.71M	-17.78M	-9.45M	-16.04M	-17.28M	-29.48M	-27.96M	-74.07M	-
Financing Cash Flow	8.21M	-20.02M	40.82M	-82.52M	-20.83M	-63.51M	-165.71M	-135.90M	-137.34M	-155.34M	-205.92M	-159.95M	-
Capital Expenditure	38.47M	5.38M	13.70M	8.86M	13.93M	15.28M	5.58M	13.97M	18.35M	28.79M	16.94M	26.41M	24.37M
Free Cash Flow	26.44M	77.95M	59.35M	2.98M	74.56M	90.66M	148.94M	206.96M	234.77M	218.32M	172.38M	217.57M	97.00M
Dividends Paid	-	-	45.00M	10.20M	22.80M	45.60M	50.35M	50.35M	50.35M	60.42M	60.42M	45.31M	50.35M
FCF to OCF	40.73%	93.54%	81.25%	25.20%	84.25%	85.57%	96.39%	93.68%	92.75%	88.35%	91.05%	89.18%	79.92%
Dividend Paid to FCF	-	-	75.82%	341.94%	30.58%	50.30%	33.81%	24.33%	21.45%	27.68%	35.05%	20.83%	51.91%

Key Statistics & Ratios

Market Cap422.54M

Enterprise Value736.54M

Trailing P/E12.85

Forward P/E0.00

Price / Sales0.58

Price / Book0.63

EPS1.44

Book Value34.07

Revenue (TTM)734.55M

Gross Profit (TTM)506.69M

EBITDA82.56M

Profit Margin3.96%

Operating Margin5.43%

Return on Equity4.31%

Return on Assets1.94%

Shares Outstanding22.84M

Shares Float3.63M

Beta-0.15

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio173.55%

Dividends

20261×

0.62Oct 13, 2026

20251×

2.50Sep 1, 2025

20241×

2.25Aug 14, 2024

20231×

3.00Aug 24, 2023

20221×

3.00Aug 25, 2022

20211×

2.50Sep 10, 2021

20201×

2.50Aug 25, 2020

20191×

2.50Aug 23, 2019

20181×

2.40Aug 2, 2018

20171×

1.13Aug 23, 2017

Stock Splits

Aug 2, 20181060:1000