Man Zai Industrial Co Ltd

4543 · TWO · Consumer Cyclical / Auto Parts

25.20TWD-1.00 (-3.82%)

Price History

Full chart

Market Stats

Previous Close26.20

Open27.15

Day Range25.15 – 27.25

52-Week Range20.25 – 45.37

Volume462.27K

Market Cap1.90B

P/E (TTM)12.40

Forward P/E0.00

EPS2.44

Dividend Yield0.66%

Beta0.73

50-Day Avg29.51

200-Day Avg31.85

About

Man Zai Industrial Co., Ltd. engages in the manufacture and sale of air- conditioning products in Asia, the United States, Europe, and internationally. The company offers auto air-con modules, including condenser units, evaporator units, and heater cores; automobile and motorcycle aluminum radiators for cooling systems, such as radiator units and oil coolers; and thermal-electric cooling modules comprising thermal modules for CPU, thermal syphon modules, and liquid cooling modules, as well as water-cooled modules for use in CPU, VGA, LED, and auto-electric cooling modules. It also provides aluminum extrusion products that include fittings/brackets/pipes, racket frames, OPC drums, computer heat sinks, and bicycle frames; heat sinks for commercial air conditioners, cloud servers, electrical and mechanical products, and home appliances; and air-con and refrigeration products. The company was founded in 1984 and is based in Tainan City, Taiwan.

Company Details

SectorConsumer Cyclical
IndustryAuto Parts
CEOMr. Cheng-Chien Wan
Employees0
HeadquartersNo.260, Zhongshan Road, Tainan City, Taiwan, 718, Taiwan
Websitehttps://www.manzai.com.tw

Leadership

Mr. Cheng-Chien WanChairman & GM
Chuan-Meng WangAssistant Manager
Yi-Hsuan WanAssistant Manager
Mr. Chun- Hsien SuSenior Manager of Manufacturing Department
Ms. Tzu-Yuan KuoDirector of Financial & Accounting Division

Financials

Income Statement

Currency: TWD	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	1.25B	1.10B	936.75M	1.06B	918.28M	811.05M	927.19M	964.08M	836.07M	792.04M	802.54M
Growth (%)	-	-11.67%	-15.16%	+13.05%	-13.29%	-11.68%	+14.32%	+3.98%	-13.28%	-5.27%	+1.33%
Cost of Revenue	914.16M	834.19M	743.01M	787.19M	744.07M	655.87M	749.26M	709.28M	578.74M	553.92M	627.12M
Gross Profit	335.82M	269.97M	193.74M	271.81M	174.20M	155.18M	177.93M	254.80M	257.33M	238.12M	175.43M
Gross Margin	26.87%	24.45%	20.68%	25.67%	18.97%	19.13%	19.19%	26.43%	30.78%	30.06%	21.86%
Operating Expense	209.65M	193.02M	165.16M	168.03M	149.17M	125.36M	128.75M	118.37M	119.65M	165.75M	129.20M
Operating Income	126.17M	76.95M	28.58M	103.78M	25.03M	29.82M	49.18M	136.43M	137.68M	72.37M	46.23M
Operating Margin	10.09%	6.97%	3.05%	9.80%	2.73%	3.68%	5.30%	14.15%	16.47%	9.14%	5.76%
EBITDA	-	-	84.69M	210.10M	107.97M	85.56M	104.02M	254.06M	238.63M	226.06M	110.06M
EBITDA Margin	-	-	9.04%	19.84%	11.76%	10.55%	11.22%	26.35%	28.54%	28.54%	13.71%
Net Income	106.38M	60.63M	-14.23M	104.22M	18.33M	10.70M	29.93M	139.71M	134.83M	123.55M	31.65M
Net Income Margin	8.51%	5.49%	-1.52%	9.84%	2.00%	1.32%	3.23%	14.49%	16.13%	15.60%	3.94%
R&D	62.66M	49.36M	38.26M	38.43M	36.23M	27.80M	22.47M	14.99M	16.09M	21.03M	18.38M
R&D as % of Total Revenue	5.01%	4.47%	4.08%	3.63%	3.95%	3.43%	2.42%	1.56%	1.92%	2.66%	2.29%
Interest Expense	0	0	0	6.25M	4.68M	5.24M	5.46M	7.45M	10.38M	11.99M	12.50M
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	0.59%	0.51%	0.65%	0.59%	0.77%	1.24%	1.51%	1.56%

Balance Sheet

Currency: TWD	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	1.95B	1.97B	1.99B	2.17B	2.09B	2.16B	2.28B	2.43B	2.48B	2.64B	2.55B
Total Liabilities	575.70M	464.93M	514.93M	609.97M	575.72M	685.66M	777.48M	796.08M	773.50M	820.46M	748.77M
Total Equity	1.38B	1.50B	1.47B	1.56B	1.52B	1.48B	1.51B	1.64B	1.71B	1.82B	1.80B
Cash	410.60M	464.22M	581.61M	184.64M	214.07M	233.38M	206.56M	708.59M	637.73M	555.20M	503.56M
Net Debt	-	-	-	196.36M	166.93M	267.62M	349.44M	-	-	64.50M	37.70M

Cash Flow

Currency: TWD	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	112.80M	100.06M	71.43M	161.37M	34.18M	88.42M	6.99M	324.02M	137.23M	131.97M	81.72M
Investing Cash Flow	-47.70M	-26.79M	-42.34M	-576.05M	50.49M	-124.74M	-87.59M	-	-	-	-
Financing Cash Flow	-91.21M	-16.01M	89.01M	20.33M	-57.58M	63.61M	52.98M	11.20M	-	-	-
Capital Expenditure	44.50M	26.90M	12.71M	56.96M	30.95M	259.60M	94.56M	6.63M	12.07M	17.73M	10.54M
Free Cash Flow	-	-	58.71M	104.05M	1.91M	-171.34M	-87.66M	314.96M	125.16M	114.24M	71.18M
Dividends Paid	49.28M	67.88M	22.69M	17.05M	56.89M	39.88M	-	-	67.25M	56.05M	59.77M
FCF to OCF	-	-	82.20%	64.48%	5.59%	-193.77%	-1254.99%	97.20%	91.20%	86.56%	87.10%
Dividend Paid to FCF	-	-	38.64%	16.39%	2978.53%	-23.28%	-	-	53.74%	49.06%	83.97%

Earnings

Report Date	May 16, 2016	Aug 12, 2016
EPS Estimate	0.26	0.40
EPS Actual	0.12	0.31
Surprise	-53.85%	-22.50%
Timing	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap1.90B

Enterprise Value1.68B

Trailing P/E12.40

Forward P/E0.00

Price / Sales2.14

Price / Book0.95

EPS2.44

Book Value29.72

Revenue (TTM)889.01M

Gross Profit (TTM)240.77M

EBITDA134.51M

Profit Margin17.24%

Operating Margin14.35%

Return on Equity8.55%

Return on Assets2.16%

Shares Outstanding62.76M

Shares Float39.41M

Beta0.73

Dividend Yield0.66%

Dividend Rate0.20

Payout Ratio39.06%

Dividends

20261×

0.20Aug 25, 2026

20251×

0.95Jul 17, 2025

20241×

0.95Aug 22, 2024

20231×

1.09Jul 19, 2023

20201×

0.65Jul 23, 2020

20191×

0.91Jul 24, 2019

20181×

0.27Jul 24, 2018

20171×

0.36Jul 18, 2017

20161×

1.09Jul 7, 2016

20151×

0.86Aug 27, 2015

Stock Splits

Aug 25, 20261050:1000
Aug 22, 20241050:1000
Aug 27, 20151050:1000