Giant Manufacturing Co., Ltd.

TWSE:9921 Stock Report

Market Cap: NT$31.3b

Giant Manufacturing Future Growth

Future criteria checks 3/6

Giant Manufacturing is forecast to grow earnings and revenue by 68% and 8% per annum respectively. EPS is expected to grow by 61.5% per annum. Return on equity is forecast to be 8% in 3 years.

Key information

68.0%

Earnings growth rate

61.46%

EPS growth rate

Leisure earnings growth17.0%
Revenue growth rate8.0%
Future return on equity7.96%
Analyst coverage

Good

Last updated25 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Mar 27

Giant Manufacturing (TWSE:9921) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 04

What Does Giant Manufacturing Co., Ltd.'s (TWSE:9921) Share Price Indicate?

Giant Manufacturing Co., Ltd. ( TWSE:9921 ), is not the largest company out there, but it saw significant share price...
Analysis Article • Jan 01

Why Investors Shouldn't Be Surprised By Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/E

With a median price-to-earnings (or "P/E") ratio of close to 21x in Taiwan, you could be forgiven for feeling...
Analysis Article • Nov 19

Giant Manufacturing's (TWSE:9921) Soft Earnings Are Actually Better Than They Appear

The most recent earnings report from Giant Manufacturing Co., Ltd. ( TWSE:9921 ) was disappointing for shareholders...
Analysis Article • Oct 21

Giant Manufacturing (TWSE:9921) Could Be Struggling To Allocate Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Oct 06

Is Now The Time To Look At Buying Giant Manufacturing Co., Ltd. (TWSE:9921)?

While Giant Manufacturing Co., Ltd. ( TWSE:9921 ) might not have the largest market cap around , it received a lot of...
Analysis Article • Aug 12

Giant Manufacturing (TWSE:9921) Will Pay A Smaller Dividend Than Last Year

Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) dividend is being reduced from last year's payment covering the same...
Analysis Article • Jul 29

Giant Manufacturing's (TWSE:9921) Dividend Is Being Reduced To NT$5.00

Giant Manufacturing Co., Ltd. ( TWSE:9921 ) has announced that on 19th of September, it will be paying a dividend...
Analysis Article • Jul 12

Giant Manufacturing (TWSE:9921) Is Reinvesting At Lower Rates Of Return

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article • Jun 26

When Should You Buy Giant Manufacturing Co., Ltd. (TWSE:9921)?

Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it saw significant share price...
Analysis Article • Jun 07

Is Giant Manufacturing (TWSE:9921) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • May 02

Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/E Still Appears To Be Reasonable

There wouldn't be many who think Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) price-to-earnings (or "P/E") ratio of...
Analysis Article • Apr 02

Giant Manufacturing's (TWSE:9921) Soft Earnings Don't Show The Whole Picture

The market for Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) shares didn't move much after it posted weak earnings...
Analysis Article • Mar 28

Is There Now An Opportunity In Giant Manufacturing Co., Ltd. (TWSE:9921)?

Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article • Feb 29

There Are Reasons To Feel Uneasy About Giant Manufacturing's (TWSE:9921) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Earnings and Revenue Growth Forecasts

TWSE:9921 - Analysts future estimates and past financials data (TWD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202868,5423,538N/AN/A3
12/31/202765,9412,7674,2596,3887
12/31/202659,4841,513-4221,0017
3/31/202655,9271568,86810,405N/A
12/31/202560,2547239,34511,148N/A
9/30/202561,55206,6598,401N/A
6/30/202566,6551496,1348,482N/A
3/31/202572,0671,1127,95910,226N/A
12/31/202471,2791,26410,05412,149N/A
9/30/202472,5402,45213,07015,149N/A
6/30/202471,5993,05613,90415,369N/A
3/31/202472,8973,08512,29113,926N/A
12/31/202376,9543,4018,80310,590N/A
9/30/202383,2703,3336,5158,729N/A
6/30/202389,6224,2373,6676,093N/A
3/31/202389,9034,857-4742,100N/A
12/31/202292,0445,844-2,018512N/A
9/30/202290,7786,729-5,887-3,390N/A
6/30/202284,8556,004-9,387-6,788N/A
3/31/202283,4836,051-9,650-7,252N/A
12/31/202181,8405,930-7,270-4,960N/A
9/30/202179,4536,146-3,060-939N/A
6/30/202178,9756,3493,0025,033N/A
3/31/202177,3056,0218,97511,210N/A
12/31/202070,0114,9498,91211,398N/A
9/30/202068,2484,2638,12611,213N/A
6/30/202065,7613,8033,4706,818N/A
3/31/202062,0783,320-1,2082,483N/A
12/31/201963,4503,375N/A1,937N/A
9/30/201962,5143,553N/A3,354N/A
6/30/201961,7833,511N/A3,932N/A
3/31/201960,9603,290N/A4,592N/A
12/31/201860,2392,864N/A2,694N/A
9/30/201858,6822,198N/A1,572N/A
6/30/201857,3551,937N/A1,243N/A
3/31/201855,6341,796N/A1,430N/A
12/31/201755,2122,054N/A2,733N/A
9/30/201754,9322,577N/A2,732N/A
6/30/201755,1662,565N/A3,014N/A
3/31/201756,4192,727N/A1,626N/A
12/31/201657,2213,065N/A2,447N/A
9/30/201657,3463,248N/A2,462N/A
6/30/201659,2983,754N/A3,797N/A
3/31/201660,1853,751N/A3,759N/A
12/31/201560,4183,843N/A2,713N/A
9/30/201561,3204,040N/A2,178N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9921's forecast earnings growth (68% per year) is above the savings rate (1.3%).

Earnings vs Market: 9921's earnings (68% per year) are forecast to grow faster than the TW market (25.6% per year).

High Growth Earnings: 9921's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9921's revenue (8% per year) is forecast to grow slower than the TW market (19.6% per year).

High Growth Revenue: 9921's revenue (8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9921's Return on Equity is forecast to be low in 3 years time (8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 03:41
End of Day Share Price 2026/07/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Giant Manufacturing Co., Ltd. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Qihui LiBarclays
Ronald LeungBofA Global Research
Hongyan LinCGS International