TSEC:1477

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Executive Summary

Makalot Industrial Co., Ltd. engages in the design, manufacture, and sale of garments for men, women, and children in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet with solid 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

Stable Share Price: 1477 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

11.6%

1477

1.5%

TW Luxury

-0.3%

TW Market


1 Year Return

13.6%

1477

-6.2%

TW Luxury

14.6%

TW Market

Return vs Industry: 1477 exceeded the TW Luxury industry which returned -6.2% over the past year.

Return vs Market: 1477 underperformed the TW Market which returned 14.6% over the past year.


Shareholder returns

1477IndustryMarket
7 Day11.6%1.5%-0.3%
30 Day5.8%-0.1%0.4%
90 Day14.6%5.4%3.2%
1 Year17.2%13.6%-2.6%-6.2%18.7%14.6%
3 Year63.4%46.5%13.7%1.3%33.7%18.9%
5 Year6.5%-14.3%3.5%-13.9%79.4%47.7%

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

Valuation

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

22.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1477 (NT$192.5) is trading above our estimate of fair value (NT$187.91)

Significantly Below Fair Value: 1477 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1477 is poor value based on its PE Ratio (23x) compared to the TW Luxury industry average (19.6x).

PE vs Market: 1477 is poor value based on its PE Ratio (23x) compared to the TW market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: 1477 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 1477 is overvalued based on its PB Ratio (4.8x) compared to the TW Luxury industry average (1.3x).


Next Steps

Future Growth

How is Makalot Industrial forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1477's forecast earnings growth (10.9% per year) is above the savings rate (0.9%).

Earnings vs Market: 1477's earnings (10.9% per year) are forecast to grow slower than the TW market (15.8% per year).

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

Revenue vs Market: 1477's revenue (8.9% per year) is forecast to grow faster than the TW market (8.5% per year).

High Growth Revenue: 1477's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1477's Return on Equity is forecast to be high in 3 years time (23%)


Next Steps

Past Performance

How has Makalot Industrial performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1477 has high quality earnings.

Growing Profit Margin: 1477's current net profit margins (7.4%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 1477's earnings have declined by 2.5% per year over the past 5 years.

Accelerating Growth: 1477's earnings growth over the past year (2.4%) exceeds its 5-year average (-2.5% per year).

Earnings vs Industry: 1477 earnings growth over the past year (2.4%) exceeded the Luxury industry -8.8%.


Return on Equity

High ROE: 1477's Return on Equity (21.1%) is considered high.


Next Steps

Financial Health

How is Makalot Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 1477's short term assets (NT$10.2B) exceed its short term liabilities (NT$6.9B).

Long Term Liabilities: 1477's short term assets (NT$10.2B) exceed its long term liabilities (NT$388.9M).


Debt to Equity History and Analysis

Debt Level: 1477's debt to equity ratio (12.7%) is considered satisfactory.

Reducing Debt: 1477's debt to equity ratio has reduced from 13.8% to 12.7% over the past 5 years.

Debt Coverage: 1477's debt is well covered by operating cash flow (196.2%).

Interest Coverage: 1477's interest payments on its debt are well covered by EBIT (56.7x coverage).


Balance Sheet


Next Steps

Dividend

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

2.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1477's dividend (2.6%) is higher than the bottom 25% of dividend payers in the TW market (2.22%).

High Dividend: 1477's dividend (2.6%) is low compared to the top 25% of dividend payers in the TW market (5.52%).


Stability and Growth of Payments

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: With its reasonable payout ratio (59.7%), 1477's dividend 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 (83.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.3yrs

Average management tenure


CEO

Frank Li

30.67yrs

Tenure

Mr. Ping Chou Li, 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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Ping Chou Li
Chairman30.67yrsno data3.02%
NT$ 1.3b
Yu-Tsen Wen
Senior Assistant Vice President of Finance & Accounting Management Divisionno datano datano data
Kuo-Lung Chen
VP of Logistics3.33yrsno datano data
David Lieu
Chief Marketing Officerno datano datano data
Qing Guang Huang
Assistant to Chief Executive Officer of Office Headquartersno datano datano data
Hung-Jen Huang
Senior Consultant & Director30.83yrsno datano data
Hsin-Peng Chou
Senior AM of Manufacturing Management Div3.33yrsno data1.03%
NT$ 435.4m
Wang Chien
Senior Consultant & Director27.25yrsno datano data
Yu-Ching Huang
VP of Marketing Development Office & Corporate Resources Development and Director0.083yrno datano data
Pei-Fang Sung
VP of Sales Dept. I & Sales Dept. V and Director0.083yrno datano data
Hong Huang
President of the Shanghai Office & the China Market20.42yrsno data1.7%
NT$ 718.2m
Guo Chen
President of Philippinesno datano data0.70%
NT$ 297.6m

10.3yrs

Average Tenure

Experienced Management: 1477's management team is seasoned and experienced (10.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ping Chou Li
Chairman30.67yrsno data3.02%
NT$ 1.3b
Kuo-Lung Chen
VP of Logistics3.33yrsno datano data
Hung-Jen Huang
Senior Consultant & Director30.83yrsno datano data
Hsin-Peng Chou
Senior AM of Manufacturing Management Div3.33yrsno data1.03%
NT$ 435.4m
Wang Chien
Senior Consultant & Director27.25yrsno datano data
Yu-Ching Huang
VP of Marketing Development Office & Corporate Resources Development and Director0.083yrno datano data
Pei-Fang Sung
VP of Sales Dept. I & Sales Dept. V and Director0.083yrno datano data
Yu-Ya Lin
Director3.33yrsno data0.0049%
NT$ 2.1m
Chang Lin Hsien
Vice Chairman of the Boardno datano datano data
Ching Ho Huang
Director23.58yrsno datano data
Yu-Hui Su
Independent Director3.33yrsno datano data
Ling-I Chung
Independent Director6.33yrsno datano data

3.3yrs

Average Tenure

Experienced Board: 1477's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$42.322b
  • Shares outstanding: 219.86m
  • Website: https://www.makalot.com.tw

Location

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

Listings

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

Biography

Makalot Industrial Co., Ltd. engages in the design, manufacture, and sale of garments for men, women, and children in Taiwan. It offers fashion clothing; sports clothing; sleepwear, including long and shor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 15:45
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.