TPEX/8932 (TPEX/8932)

Taipei Exchange: TPEX/8932 · TWD

NT$89.2

+1.60 (+1.8%)· Recorded snapshot

Market cap	37.7B
Revenue (ttm)	2.4B
Net income (ttm)	754.1M
EPS (ttm)	NT$1.78
Shares out	422.2M
P/E (trailing)	50.2x
Dividend	NT$0.60 (0.68%)
Volume	773,880
Beta	0.75

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.4B
Net income (ttm): 754.1M
EPS (ttm): NT$1.78
P/E (trailing): 50.2x
Market cap: 37.7B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E50.2

P25 n/aP50 n/aP75 n/a

ROE36.9

P25 n/aP50 n/aP75 n/a

ROIC70.9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TPEX/8932 indicators

Market & fundamental data

Available fields

253

Groups with data

Currency

TWD

Showing 253 of 253 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	TWD
Country	Taiwan
Country code	TW
Earnings date	2026-11-12
Employees	327
Employees change	-120
Employees growth	-26.85%
Enterprise value	TWD 36.3B
Exchange	Taipei Exchange
Financial currency	TWD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1978
Industry	Apparel Manufacturing
Is primary listing	Yes
ISIN number	TW0008932005
Last earnings date	2025-11-12
Last refreshed	2026-10-28
Last stock split date	2026-08-28
Last stock split type	Forward
Market cap	TWD 37.7B
Next earnings date	2026-11-12
Price	TWD 89.20
Price currency	TWD
Sector	Consumer Discretionary
SIC code	3960
Stock price date	2026-10-28
Symbol	tpex/8932
Website	https://www.maxzip.com.tw

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (3Y)	67.53x
Earnings yield	1.99%
EV/Earnings	48.13x
EV/EBIT	32.48x
EV/EBITDA	30.57x
EV/FCF	34.78x
EV/Sales	15.08x
FCF / EV yield	2.88%
FCF yield	2.77%
Graham number	15.2521
Graham upside	-82.9%
Industry P/E	16.47x
P/B ratio	15.14x
P/E ratio	50.17x
P/FCF ratio	36.09x
P/OCF ratio	34.88x
P/S ratio	15.64x
Price / tangible book value	16.16x
Price/EBITDA ratio	32.15x
Sector forward P/E	17.05x
Sector P/E	16.9x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	46.58%
EBITDA margin	48.66%
Effective tax rate	26.35%
FCF margin	43.35%
Gross margin	62.9%
Operating margin	46.58%
Pretax margin	46.8%
Profit margin	31.33%
Profit per employee	TWD 2.3M
Profitable quarters	14
Profitable years	3
Revenue per employee	TWD 7.4M
ROA	20.74%
ROA (5Y)	8.29%
ROCE	38.93%
ROE	36.89%
ROE (5Y)	12.46%
ROIC	70.9%
ROIC (5Y)	18.58%
Tax / revenue	12.33%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	55.38%
EPS growth (Q)	35.74%
EPS growth (QoQ)	13.41%
EPS growth 10Y	28.47%
EPS growth quarters	2
EPS growth years	4
FCF growth	119.7%
FCF growth (Q)	170.1%
FCF growth (QoQ)	-49.74%
FCF growth 5Y	56.07%
Gross profit growth	26.04%
Gross profit growth (Q)	1.6%
Gross profit growth 3Y	139.6%
Gross profit growth 5Y	69.24%
Net income growth	57.29%
Net income growth (Q)	33.54%
Net income growth (QoQ)	12.32%
Net income growth quarters	13
Net income growth years	4
OCF growth	76.76%
OCF growth (Q)	79.25%
OCF growth (QoQ)	-44.96%
OCF growth 10Y	37.48%
OCF growth 3Y	273%
OCF growth 5Y	54.66%
Operating income growth	35.28%
Operating income growth (Q)	-5.1%
Operating income growth 3Y	565.59%
Revenue growth	23.81%
Revenue growth (Q)	8.2%
Revenue growth (QoQ)	13.42%
Revenue growth 10Y	8.09%
Revenue growth 3Y	51.81%
Revenue growth 5Y	21.28%
Revenue growth quarters	13
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	TWD -36.2M
Depreciation and amortization	TWD 49.9M
EBIT	TWD 1.1B
EBITDA	TWD 1.2B
EPS	TWD 1.78
FCF per share	TWD 2.47
Financing cash flow	TWD 73.1M
Free cash flow	TWD 1B
Gross profit	TWD 1.5B
Income taxes	TWD 296.8M
Investing cash flow	TWD -181.8M
Net borrowing	TWD 341.8M
Net cash flow	TWD 1.1B
Net income	TWD 754.1M
Operating income	TWD 1.1B
Revenue	TWD 2.4B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	15.35
Book value per share	TWD 5.82
Debt / EBITDA	0.6
Debt / equity	0.29
Debt / FCF	0.68
Goodwill	TWD 5.4M
Interest coverage	87.62
Long-term assets	TWD 1.2B
Long-term liabilities	TWD 393.5M
Net cash (debt)	TWD 1.4B
Net cash / market cap	3.72%
Net cash growth	160.55%
Net debt / EBITDA	-1.2
Net debt / equity	-0.56
Net debt / FCF	-1.34
Piotroski F-Score	6
Property, plant and equipment	TWD 920.5M
Shareholders' equity	TWD 2.5B
Tangible book value	TWD 2.3B
Tangible book value per share	TWD 5.52
Total assets	TWD 4B
Total cash	TWD 2.1B
Total debt	TWD 714.7M
Total liabilities	TWD 1.5B
WACC	8.25%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.71
Current assets	TWD 2.8B
Current liabilities	TWD 1.1B
Current ratio	2.51
Inventory turnover	16.33
Net working capital	TWD -107.9M
Quick ratio	2.39
Working capital	TWD 1.7B
Working capital turnover	1.85

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.94%
Dividend growth	509.47%
Dividend growth (10Y)	20.19%
Dividend growth (3Y)	536.11%
Dividend growth (5Y)	44.46%
Dividend growth years	1
Dividend payment date	2026-09-18
Dividend payment years	3
Dividend payout frequency	Annual
Dividend per share	TWD 0.60
Dividend yield	0.68%
Ex-dividend date	2026-08-28
FCF payout ratio	29.16%
Last dividend	TWD 0.72
Payout ratio	6.13%
Shareholder yield	-0.26%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	4,975.32%
10Y return CAGR	48.9%
10Y total return	5,255.92%
150-day SMA	TWD 85.56
15Y price change	5,843.01%
15Y return CAGR	31.77%
15Y total return	6,171.71%
1D price change	1.83%
1M price change	-5.4%
1M total return	-5.4%
1W price change	-0.9%
1W total return	-0.9%
1Y price change	10.22%
1Y return CAGR	10.99%
1Y total return	10.98%
20-day SMA	TWD 91.61
200-day SMA	TWD 83.25
20Y price change	6,108.36%
20Y return CAGR	23.26%
20Y total return	6,451.78%
3M price change	-5.92%
3M total return	-5.27%
3Y price change	491.97%
3Y return CAGR	81.48%
3Y total return	497.97%
50-day SMA	TWD 91.62
50-day SMA vs 200-day SMA	50over200
52-week high	TWD 109.05
52-week high date	2026-07-16
52-week low	TWD 64.38
52-week low date	2025-11-17
5Y price change	2,090%
5Y return CAGR	85.78%
5Y total return	2,112.05%
6M price change	12.78%
6M total return	13.56%
All-time high	TWD 109.05
All-time high date	2026-07-16
All-time low	TWD 0.84
All-time low date	2004-11-02
Average true range (ATR)	TWD 3.41
Average volume	1.4M
Beta (1Y)	0.01
Beta (2Y)	0.14
Beta (5Y)	0.75
Change from 52-week high	-18.2%
Change from 52-week low	38.55%
Change from all-time high	-19.67%
Change from all-time low	10,374.71%
Change from open	0.34%
Day's gap	1.48%
Dollar volume	TWD 69M
High price	TWD 90.10
Low price	TWD 88.20
Monthly RSI	61.15
Open price	TWD 88.90
Position in 52-week range	52.63%
Previous close	TWD 87.60
Price vs 150-day SMA	2.39%
Price vs 20-day SMA	-4.37%
Price vs 200-day SMA	5.22%
Price vs 50-day SMA	-4.39%
Relative volume	0.56
RSI	42.73
Sharpe ratio	0.2
Sharpe ratio (3Y)	1.5
Sharpe ratio (5Y)	1.62
Sortino ratio	0.42
Sortino ratio (3Y)	2.53
Sortino ratio (5Y)	2.69
Volume	773.9K
Weekly RSI	52.14
YTD price change	24.7%
YTD total return	25.55%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	354.6M
Shares change (QoQ)	-0.97%
Shares change (YoY)	0.94%
Shares held by insiders	16%
Shares held by institutions	15.79%
Shares outstanding	422.2M

Deeper analysis on TPEX/8932

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this TPEX/8932 report

Is a complete TPEX/8932 research report available?

No complete published report is available for tpex/8932 (TPEX/8932) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TPEX/8932 (TPEX/8932)

Price

Financial snapshot

Fair-value bridge

Latest news · TPEX/8932

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TPEX/8932 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TPEX/8932

Frequently asked questions