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Taiwan
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Standard Foods Corporation (佳格食品)

Main Activities: Food Manufacturing

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Company Information

Full name
Standard Foods Corporation (佳格食品)

Headquarters
5/F, 136, Jen Ai Rd., Sec.3, Taipei, Taiwan; New Taipei City; New Taipei City
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : TW0001227007
Financial Auditors: Deloitte Touche Tohmatsu (2013)
Incorporation Date: June 6, 1986
Total Employees: 776

Tel: 886-2-27092323

Company Description

In 1978 Quaker Oats Company invested $4 million and founded a food factory to promote its oats products in Taiwan. Standard Foods Corporation was established on June 6, 1986 by purchasing Quaker Oats’ factory in Taiwan while acquiring the operating rights of its oats products and reaching the trademark license agreement. On August 8, the company got business registration certification and started its business officially. On April 9, 1995 the company was listed officially in Taiwan Stock Exchange.
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Company Analysis

According to the Individual - Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -2.05%, from TWD 9,106.98 millions to TWD 8,920.61 millions. Operating result decreased from TWD 2,278.53 millions to TWD 1,943.93 millions which means -14.68% change. The results of the period decreased -17.04% reaching TWD 1,592.08 millions at the end of the period against TWD 1,919.15 millions last year. Return on equity (Net income/Total equity) went from 23.01% to 17.18%, the Return On Asset (Net income / Total Asset) went from 19.17% to 14.71% and the Net Profit Margin (Net Income/Net Sales) went from 21.07% to 17.85% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 16.78% compared to 19.99% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.64 to 2.92 when compared to the previous year.

Key Executives

Tsao Ter-Fung Chairman of the Board of Directors
Tsao Ter-Fung President
Tsao Ter-Feng Spokesperson

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Balance Sheet

Total Assets

10,824

11,379

Current Assets

4,369

5,620

Total Liabilities

1,555

2,643

Shareholders Equity

9,269

8,735

Current Liabilities

1,497

2,585

* All the accounts are in TWD.
Income Statement

Total Operating Revenue

8,920

5,875

Operational Profit (Loss)

1,943

1,238

Net Profit (Loss)

1,592

1,005

* All the accounts are in TWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

14.71%

8.83%

Annualised Return on Assets (ROA)

19.61%

17.66%

Return on Equity (ROE)

17.18%

11.51%

Annualised Return on Equity (ROE)

22.91%

23.02%

Return on Sales (ROS)

17.85%

17.11%

Return on Capital

17.17%

11.51%

Gross Profit Margin

40.11%

39.89%

Operating Profit Margin

18.19%

18.77%

Efficiency Ratios

Accounts Receivable Turnover

13.26x

10.52x

Inventory Turnover

3.36x

2.71x

Current asset turnover

2.04x

1.05x

Fixed-asset turnover

7.97x

5.36x

Asset Turnover

0.82x

0.52x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

1,943

1,238

EBITDA

2,037

1,301

Enterprise value

31,078

32,671

Enterprise Value / EBITDA

15.26

25.11

Bookvalue (BV)

9,251

8,719

Net Cash

-924

-958

Liquidity Ratios

Current Ratio

291.75%

217.35%

Quick ratio

185.61%

166.98%

Doom's day ratio

42.12%

65.16%

Cash Flow to Debt

104.04%

48.4%

Leverage Ratios

Leverage ratio

116.78%

130.26%

Interest Coverage Ratio

1,619,941.67%

1,548,175%

Debt to equity

16.78%

30.26%

Debt to total assets

14.37%

23.23%

Long Term Debt to Capital

0.02%

0.02%

Debt / Enterprise Value

5%

8.09%

Market ratios

Price/Book Ratio

4.00

4.25

Market Cap / Net cash

-32.61

-33.07

Trend Ratios

Revenue Trend

97.95%

95.83%

Net Income Trend

82.96%

75.13%

Operating Income Trend

87.07%

80.93%