TSEC:1477

Stock Analysis Report

Executive Summary

Makalot Industrial Co., Ltd. manufactures and sells apparel in Taiwan and internationally.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Makalot Industrial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.5%

1477

2.5%

TW Luxury

2.6%

TW Market


1 Year Return

11.7%

1477

16.3%

TW Luxury

12.7%

TW Market


Shareholder returns

1477IndustryMarket
7 Day5.5%2.5%2.6%
30 Day-0.9%2.8%2.4%
90 Day-14.6%-0.6%2.4%
1 Year15.6%11.7%21.6%16.3%17.7%12.7%
3 Year53.8%35.3%19.6%6.3%33.7%18.5%
5 Year49.7%21.2%60.0%32.2%55.3%27.5%

Price Volatility Vs. Market

How volatile is Makalot Industrial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Makalot Industrial undervalued compared to its fair value and its price relative to the market?

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued:

Significantly Undervalued: 1477 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1477 is poor value based on its PE Ratio (21.3x) compared to the Luxury industry average (18.1x).

PE vs Market: 1477 is poor value based on its PE Ratio (21.3x) compared to the TW market (16.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: 1477 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: 1477 is overvalued based on its PB Ratio (4.7x) compared to the TW Luxury industry average (1x).


Next Steps

Future Growth

How is Makalot Industrial forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1477's forecast earnings growth (8.7% per year) is above the savings rate (2.7%).

Earnings vs Market: 1477's earnings (8.7% per year) are forecast to grow slower than the TW market (10.6% per year).

High Growth Earnings: 1477's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1477's revenue (7.7% per year) is forecast to grow faster than the TW market (7.9% per year).

High Growth Revenue: 1477's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Makalot Industrial performed over the past 5 years?

-5.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1477's earnings have declined by -5.6% per year over the past 5 years.

Accelerating Growth: 1477's earnings growth over the past year (36.3%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: 1477 earnings growth over the past year (36.3%) exceeded the Luxury industry -8.2%.


Return on Equity

High ROE: 1477's Return on Equity (22.1%) is considered high.


Return on Assets

ROA vs Industry: 1477 has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 1477's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Makalot Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 1477's short term assets (NT$9.4B) exceeds its short term liabilities (NT$6.4B)

Long Term Liabilities: 1477's short term assets (9.4B) exceeds its long term liabilities (413.3M)


Debt to Equity History and Analysis

Debt Level: 1477's debt to equity ratio (7.3%) is considered satisfactory

Reducing Debt: 1477's debt to equity ratio has reduced from 47.2% to 7.3% over the past 5 years.

Debt Coverage: 1477's debt is well covered by operating cash flow (365.3%).

Interest Coverage: 1477's interest payments on its debt are well covered by EBIT (39x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Makalot Industrial's current dividend yield, its reliability and sustainability?

3.89%

Current Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%2.6%markettop25%6.0%industryaverage3.7%forecastin3Years4.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1477's dividend (3.89%) is higher than the bottom 25% of dividend payers in the TW market (2.6%).

High Dividend: 1477's dividend (3.89%) is low compared to the top 25% of dividend payers in the TW market (6.01%).

Stable Dividend: 1477's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1477's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.7%), 1477's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1477's dividends in 3 years are forecast to be covered by earnings (87.5% payout ratio).


Next Steps

Management

What is the CEO of Makalot Industrial's salary, the management and board of directors tenure and is there insider trading?

19.4yrs

Average management tenure


CEO

Frank Li 0

29.7yrs

Tenure

0

Mr. Li Ping Chou, also known as Frank, has been the Chairman of Makalot Industrial Co., Ltd., since June 22, 2011 and has been its Chief Executive Officer & President since February 1, 1990. Mr. Chou serve ...


Management Age and Tenure

19.4yrs

Average Tenure

Experienced Management: 1477's management team is seasoned and experienced (19.4 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

Experienced Board: 1477's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Qing Guang Huang

    Assistant to Chief Executive Officer of Office Headquarters

    • Tenure: 0yrs
  • Hong Huang

    President of the Shanghai Office & the China Market

    • Tenure: 19.4yrs
  • Guo Chen

    President of Philippines

    • Tenure: 0yrs
  • Yu-Tsen Wen

    Senior Assistant Vice President of Finance & Accounting Management Division

    • Tenure: 0yrs
  • Frank Li

    Chairman

    • Tenure: 29.7yrs
  • Sheng Yu Yan

    Chief Executive Officer of the New Business Development Brand

    • Tenure: 16.5yrs
  • David Lieu

    Chief Marketing Officer

    • Tenure: 0yrs
  • Kuo-Lung Chen

    VP of Logistics

    • Tenure: 2.3yrs
  • Hsin-Peng Chou

    Senior AVP of Makalot Logistics & Operation Strategy and Director

    • Tenure: 2.3yrs

Board Members

  • Frank Li

    Chairman

    • Tenure: 29.7yrs
  • Yu-Ya Lin

    Director

    • Tenure: 2.3yrs
  • Chang Lin Hsien

    Director

    • Tenure: 17.4yrs
  • Ching Ho Huang

    Director

    • Tenure: 22.6yrs
  • Chu Kuo

    Director

    • Tenure: 22.6yrs
  • Shuang-Chuan Liu

    Director

    • Tenure: 2.3yrs
  • Yu-Hui Su

    Independent Director

    • Tenure: 2.3yrs
  • Ling-I Chung

    Independent Director

    • Tenure: 5.3yrs
  • Kuo-Lung Chen

    VP of Logistics

    • Tenure: 2.3yrs
  • Hsin-Peng Chou

    Senior AVP of Makalot Logistics & Operation Strategy and Director

    • Tenure: 2.3yrs

Company Information

Makalot Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Makalot Industrial Co., Ltd.
  • Ticker: 1477
  • Exchange: TSEC
  • Founded: 1990
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: NT$38.255b
  • Shares outstanding: 219.86m
  • Website: https://www.makalot.com.tw

Location

  • Makalot Industrial Co., Ltd.
  • No.550, Zhongxiao East Road
  • 8th Floor
  • Taipei City
  • 110
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1477TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 2003

Biography

Makalot Industrial Co., Ltd. manufactures and sells apparel in Taiwan and internationally. The company’s product portfolio covers clothing for men, women, and children. Its products include ready-to-wear c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 14:38
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.