TSA International Co., Ltd.

NT$61.90As of Sun 8 Nov 2026, 12:00 UTC

TPEx:7889—

Country Taiwan

PE (Fwd) •••

TSR 10Y CAGR —

Div yield 4.85%

ROE —

—

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap —

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

NT$69

11.66%

441.49%

Hold 1|7|7|12|7

TTM

FYE 31 Dec TWD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

384.0

RevenueNT$M

490.1

507.7

504.1

504.2

520.1

516.8

514.2

518.2

513.5

530.4

410.7

0.39%

1.05%

22.79

Revenue growth%

0.81

1.00

0.40

1.16

0.40

2.94

0.42

22.34

0.42

0.41

19.87

Gross margin%

19.58

20.02

19.19

20.27

17.69

15.68

17.63

20.11

19.71

19.35

14.88

19.35

19.46

21.90

Operating margin%

23.56

20.70

21.86

22.62

20.55

20.61

21.16

23.50

22.39

23.40

29.49

22.39

22.12

5.22

Net margin%

10.67

12.89

11.59

10.69

10.75

7.82

8.83

9.82

10.26

13.03

22.41

9.82

10.68

7.434

P/E ratio (avg)x

17.36

18.89

21.18

22.61

26.81

25.98

30.30

34.45

36.79

41.39

20.19

34.45

26.39

8.096

EV/EBITx

18.22

20.75

20.84

22.33

21.39

21.50

23.41

25.30

23.11

22.34

9.929

23.11

21.91

2.05

FCF yield (avg)%

18.85

16.47

15.08

14.29

16.98

15.27

18.18

18.99

20.10

19.82

11.02

18.99

17.58

23.16

FCF margin%

10.44

10.98

10.50

12.30

9.89

10.56

11.72

13.76

12.48

13.82

7.18

12.48

11.35

1.131

FCF / Net incomex

0.596

0.622

0.613

0.662

0.641

0.646

0.679

0.702

0.690

0.761

0.190

0.690

0.654

21.67

ROIC%

16.47

18.49

19.97

21.11

20.02

22.74

20.22

20.29

22.98

25.88

14.86

22.74

20.25

11.36

Return on equity%

9.74

9.53

6.66

9.22

6.22

3.81

1.97

2.86

5.68

4.23

28.92

3.81

5.95

24.63

Return on assets%

22.96

24.40

25.10

26.10

25.31

22.83

22.27

22.02

22.95

23.26

13.38

22.83

23.11

6.41

EPSNT$

6.11

6.78

7.74

9.34

10.99

12.91

14.04

15.16

16.51

18.56

6.97

11.05%

12.59%

—

20.00

EPS growth%

26.01

27.08

27.40

26.05

26.94

27.09

28.93

28.15

26.54

23.89

2.94

27.09

27.01

4.20

Bookvalue per shNT$

1.12

1.16

1.11

1.04

1.12

1.04

1.08

1.04

1.11

3.30

(0.18%)

(0.98%)

—

2.16

FCF per shareNT$

4.63

4.29

4.36

4.18

4.40

4.90

4.94

5.09

4.53

4.02

2.58

(1.77%)

(1.31%)

—

4.13

Dividend per shNT$

6.08

5.83

6.49

6.89

6.66

7.12

7.94

7.22

6.48

6.78

4.92

0.36%

1.27%

—

13.05

Div yield (avg)%

5.70

8.07

6.70

6.97

7.86

8.16

8.12

9.62

9.50

6.96

4.59

8.16

7.96

3.81

Payout ratio%

23.49

21.75

22.96

21.54

20.87

20.55

20.06

21.24

23.78

23.75

2.88

21.24

21.65

5.820

Shares (diluted)M

6.165

7.217

7.598

8.846

9.833

11.29

11.03

12.28

12.34

14.13

5.954

7.52%

9.47%

14.99

Buyback yield%

25.63

25.99

23.54

25.36

27.35

26.00

24.60

22.86

22.80

21.38

16.95

22.86

24.98

1.679

D/E ratiox

1.845

1.660

1.730

1.837

2.024

1.937

2.060

2.145

2.345

2.281

1.775

2.145

1.981

186.0

Enterprise valueNT$M

667.5

680.5

647.1

754.2

762.8

731.9

829.4

805.7

883.3

844.4

518.8

2.05%

2.28%

431.7

LT debtNT$M

446.3

519.4

580.1

691.7

761.2

786.9

784.9

865.5

878.0

961.0

420.3

4.77%

8.63%

Peers (US$38.54M)

Cap (US$)

Gin Hwa Biotech…

48.71M

25.21x

Anbogen Therapeutics…

46.46M

—

Anya Biopharm Inc.

38.85M

—

GL Pharm Tech Corp.

39.22M

—

Capital

TTM

10Y

Leveragex

0.405

0.099

0.081

EBIT/Intx

5.573

0.393

0.472

Own earn%

(70.93)

(138.75)

(110.87)

Sh yield%

28.03

32.47

32.40

Owners

Insiders/Inst%

0.11

86.89

Short interest%

5.76

SBC / revenue%

4.19

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

21–24

$1 testx

−0.5

Incr. ROIC%

TSA International Co., Ltd. engages in the research, development, and sales of health supplements, pet food, and related products. It offers its products under the Damo Herbal, Mao Hai Shidai, PowerHero, and Yu Xi Tang brand names. The company also sells its products through physical retail channels. The company was founded in 2013 and is based in New Taipei City, Taiwan.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

NT$530.4M

1.05%

1.00×

Cost of revenue

NT$269.9M

1.46%

1.04×

Operating expenses

NT$99.90M

0.77%

0.97×