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Consumer Non-Durables

Uni-President Enterprises Corp.

  • 71.30 TWD
  • -2.10
  • -2.86%
  • Taiwan
    Apr 19, 2018
  • Ticker
    TAI(1216)
  • Prev. close
    73.40
  • Market cap (TWD)
    417,059.90M
  • Market cap (USD)
    14,215.43M
  • Shares
    5,682.01M

Company Background

Uni-President Enterprises is a Taiwanese food and beverage company with significant operations in Taiwan and China. It sells a wide range of products, including soft drinks, instant noodles and pastries. It also operates logistics services across Taiwan.

Uni-President owns the 7-Eleven convenience store franchise -- now an independently listed company on the Taiwan Stock Exchange -- in Shanghai and Taiwan. The company also operates the Starbucks franchise in Taiwan.

The company was founded by Wu Hsiu-chi and Kao Ching-yuen in 1967 in the southern Taiwanese City of Tainan. Wu was married to Kao's cousin. Before setting up Uni-President, Wu and Kao worked together in the textile businesses. Kao was widely considered a leader of the Tainan Group, an influential gathering of Tainan-based tycoons, as was Wu before his death in 2005.

Alex Lo, Uni-President's chairman and president, is Kao's son-in-law. He has an MBA from the University of California, Los Angeles.

Business Summary

Uni-President Enterprises Corp. engages in the food manufacturing, processing, and sale. Its business segment is categorized as food groups, instant food group, dairy and beverage group, general food group, and baking business group. The food group includes livestock feed, aquatic feed, and flour. The instant food group includes family cooking oil, instant noodle, and flavor sauce. The dairy and beverage group includes fruit juice, tea drinks, water and sports drinks, fresh milk, yogurt, probiotics health food, pudding, and coffee drink and beans. The general food group includes meat processing products, soy sauce and condiments, frozen conditioning food such as dumplings and soup package, and ice product such as ice cream. The baking business group includes bread loaf, cakes, pastries, and frozen dough. The company was founded by Ching Yen Kao on August 25, 1967 and is headquartered in Tainan, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue399,860.95M13,143.50M
Gross Profit125,590.26M4,128.17M
Operating income22,643.66M744.30M
Income before tax71,232.63M2,341.42M
Net income39,844.85M1,309.70M
EBITDA40,962.72M1,346.45M
Diluted EPS6.980.22
Dividends Per Share----
Total Assets414,655.45M13,934.01M
Total liabilities223,355.26M7,505.59M
Total equity120,075.27M4,034.99M
Operating cash flow47,035.50M1,546.06M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 423,056.21M 425,187.18M 416,151.32M 413,364.31M 399,860.95M
Gross Profit 124,083.36M 122,687.87M 130,144.95M 130,001.98M 125,590.26M
Operating income 18,087.58M 17,775.20M 21,947.72M 21,400.24M 22,643.66M
Income before tax 23,076.24M 19,809.15M 22,797.45M 25,655.12M 71,232.63M
Net income 12,764.24M 11,122.83M 14,107.83M 14,526.71M 39,844.85M
EBITDA 34,415.72M 36,934.47M 41,229.59M 40,745.27M 40,962.72M
Diluted EPS 2.24 1.95 2.47 2.54 6.98
Dividends Per Share 1.36 1.34 2 2.10 --
Total Assets 370,203.44M 399,743.71M 398,948.48M 378,585.46M 414,655.45M
Total liabilities 232,136.83M 250,142.17M 243,258.75M 225,885.19M 223,355.26M
Total equity 86,207.32M 92,011.94M 96,336.24M 94,405.84M 120,075.27M
Operating cash flow 30,215.44M 33,188.20M 50,855.08M 54,539.49M 47,035.50M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 14,253.31M 14,031.09M 13,105.44M 12,817.17M 13,143.50M
Gross Profit 4,180.53M 4,048.67M 4,098.52M 4,030.96M 4,128.17M
Operating income 609.39M 586.57M 691.17M 663.55M 744.30M
Income before tax 777.46M 653.69M 717.93M 795.48M 2,341.42M
Net income 430.04M 367.05M 444.28M 450.42M 1,309.70M
EBITDA 1,159.51M 1,218.83M 1,298.40M 1,263.38M 1,346.45M
Diluted EPS 0.07 0.06 0.07 0.07 0.22
Dividends Per Share 0.04 0.04 0.06 0.06 --
Total Assets 12,421.47M 12,649.31M 12,145.65M 11,746.73M 13,934.01M
Total liabilities 7,788.91M 7,915.39M 7,405.81M 7,008.75M 7,505.59M
Total equity 2,892.52M 2,911.58M 2,932.87M 2,929.22M 4,034.99M
Operating cash flow 1,017.99M 1,095.20M 1,601.52M 1,691.10M 1,546.06M

Valuation Measures

Dec 2017
PER9.41
ROA10.04%
ROE37.15%
Operating margin5.66%
Profit margin9.96%

Key executives

  • General Manager: Jung Lung Hou
  • Head-Finance: Kuo Hui Chen
  • Vice President: Chao Kai Huang
  • Assistant General Manager: Tsung Yi Liu
  • Assistant General Manager: Jui Sheng Wang

Shareholders

  • KAO HSIU LING (6.5%)
  • First State Investment Management (UK) Ltd. (4.7%)
  • BNP Paribas Asset Management (Singapore) Ltd. (3.2%)
  • Saudi Arabian Monetary Agency (Investment Management) (3.0%)
  • The Vanguard Group, Inc. (2.8%)
  • HOU PO MING (2.6%)
  • HOU PO YU (2.2%)
  • GIC Pte Ltd. (Investment Management) (2.2%)
  • BlackRock Fund Advisors (2.0%)
  • Henderson Global Investors Ltd. (1.8%)

Contact Details

Related Companies

  • Uni Life Corp.
  • Kuang Chuan Food Co., Ltd.
  • Xinjiang President Enterprises Co. Ltd
  • Uni-President Enterprises Jinan Co., Ltd.
  • Uni-President Enterprises Taizhou Co. Ltd.
  • Uni-President Securities Group
  • Tung Yuan Corp.
  • President International Development Corp.
  • President Foods Co. Ltd.
  • Uni-President Southeast Asia Holdings Ltd.
  • Uni-President Development Corp.
  • President Nisshin Corp.
  • President Tokyo Corp.
  • Uni-President Vendor Corp.
  • President Packaging Corp.
  • President Direct Marketing Corp.
  • Ton Yi Pharmaceutical Corp.
  • President Pharmaceutical Corp.
  • President Natural Industrial Corp.
  • President Baseball Team Corp.
  • Tung Ho Development Corp.
  • President Futures Corp.
  • Qware Systems & Services Corp.
  • 21st Century Enterprise Co., Ltd.
  • Uni-President Cold-Chain Corp.
  • Uni-President Organics Corp.
  • Uni-President Yi-Lan Art & Culture Corp.
  • Retail Support Taiwan Corp.
  • Retail Support International Corp.
  • Uni-President (Thailand) Ltd.

Competitors

  • Asahi Group Holdings,Ltd.
  • Malee Group Public Company Limited
  • President Chain Store Corporation
  • Taiwan FamilyMart Co., Ltd.
  • Gourmet Master Co. Ltd.
  • Yuanta Futures Co., Ltd.
Last Updated on 19 Apr, 2018

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