Eclat Textile Co. Ltd.

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Company Background

Eclat Textile is a Taiwanese apparel maker producing clothing and fibers for client companies.

Eclat was established in 1977 by Huang Chen-hai, the current chairman. Headquartered in New Taipei City, it went public locally in 2001 and has about 9,000 workers on its payroll. The company has plants in China, Vietnam and Cambodia.

In 1983, Eclat developed a flexible knit fabric and launched commercial production. It makes products for such big global names as Nike, Adidas, Lululemon Athletica and Under Armour. While its primary focus is clothing for jogging and yoga, Eclat is expanding its lineup to include apparel for golf, tennis, rugby and other sports.

Eclat is known for its ability to understand its clients' needs and promptly customize the products accordingly. It also has a reputation for developing high-quality fabrics. These strengths have enabled it to avoid being dragged into cost-cutting competition.

Supported by a rapidly expanding customer base, Eclat chalked up group sales of more than 10 billion New Taiwan dollars ($306 million) for the first time in 2011. By 2014, the figure had doubled to NT$20.8 billion.

Business Summary

Eclat Textile Co., Ltd. engages in the manufacture and sales of elastic knit fabrics and apparel. It offers sportswear including workout and athletic wear; seamless wear; and lightweight, waterproof, and stretchable clothes. The company was founded by Chen Hai Hung, Hsien Chin Tsai, and Feng Chen Wang on November 28, 1977 and is headquartered in New Taipei, Taiwan.

Financial Highlights

Dec 2019	TWD	USD
Revenue	28,125.13M	909.82M
Gross Profit	7,972.76M	257.91M
Operating income	5,470.78M	176.97M
Income before tax	5,426.55M	175.54M
Net income	4,303.04M	139.19M
EBITDA	6,309.84M	204.11M
Diluted EPS	15.66	0.50
Dividends Per Share	11	0.35
Total Assets	23,319.42M	777.91M
Total liabilities	5,195.66M	173.32M
Total equity	18,123.75M	604.58M
Operating cash flow	5,867.57M	189.81M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	25,520.74M	24,525.69M	24,231.97M	27,578.20M	28,125.13M
Gross Profit	7,040.34M	6,883.80M	6,528.90M	7,810.82M	7,972.76M
Operating income	4,861.72M	4,701.57M	4,198.92M	5,305.28M	5,470.78M
Income before tax	5,118.34M	4,648.13M	3,768.81M	5,477.75M	5,426.55M
Net income	4,173.78M	3,764.68M	3,068.01M	4,381.93M	4,303.04M
EBITDA	5,617.62M	5,511.65M	4,985.18M	6,138.65M	6,309.84M
Diluted EPS	15.58	13.13	11.12	15.96	15.66
Dividends Per Share	10.29	10.29	9.50	11	11
Total Assets	17,682.16M	19,908.06M	20,066.41M	22,140.88M	23,319.42M
Total liabilities	5,907.83M	4,811.86M	4,994.16M	5,209.85M	5,195.66M
Total equity	11,774.32M	15,096.20M	15,072.24M	16,931.03M	18,123.75M
Operating cash flow	4,665.20M	4,296.56M	2,848.25M	4,959.61M	5,867.57M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	803.70M	760.46M	796.50M	914.56M	909.82M
Gross Profit	221.71M	213.44M	214.60M	259.02M	257.91M
Operating income	153.10M	145.78M	138.01M	175.93M	176.97M
Income before tax	161.18M	144.12M	123.88M	181.65M	175.54M
Net income	131.44M	116.73M	100.84M	145.31M	139.19M
EBITDA	176.91M	170.89M	163.86M	203.57M	204.11M
Diluted EPS	0.49	0.40	0.36	0.52	0.50
Dividends Per Share	0.32	0.31	0.31	0.36	0.35
Total Assets	538.31M	617.70M	674.30M	720.33M	777.91M
Total liabilities	179.85M	149.30M	167.82M	169.49M	173.32M
Total equity	358.45M	468.40M	506.48M	550.83M	604.58M
Operating cash flow	146.91M	133.22M	93.62M	164.47M	189.81M

Valuation Measures

Dec 2019
PER	25.71
ROA	18.93%
ROE	24.55%
Operating margin	19.45%
Profit margin	15.29%

Key executives

Chairman, Head-Research & Development: Chen Hai Hung
Co-General Manager & President-Fabric Division: Chun Chin Tsai
Co-General Manager & Director: Kun Tang Chen
Director, Head-Finance & Accounting: Jen Chieh Lo
Deputy General Manager-Weaving Division: Sheng Tien Li

Shareholders

Yi Yuan Investment Co. Ltd. /Eclat Textile/ (9.3%)
TSAI HSIEN CHIN (7.8%)
Harding Loevner LP (3.5%)
CHEN CHING FANG (3.4%)
HUNG CHEN HAI (3.2%)
WANG CHENG CHIN CHIH (3.0%)
WANG FENG CHEN (2.8%)
The Vanguard Group, Inc. (2.6%)
Nan Shan Life Insurance Co., Ltd. (2.5%)
Cathay Life Insurance Co., Ltd. (Invt Port) (2.1%)

Contact Details

Website:http://www.eclat.com.tw
Address: 28 Wuchuan Road, Wugu District, New Taipei, 248 86, Taiwan
Phone: +886.2.22996000

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Competitors

Makalot Industrial Co., Ltd.
PT Sri Rejeki Isman Tbk

Last Updated on 29 May, 2020