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Giant Manufacturing Co., Ltd. (9921.TW)

TWD80.00 -1.30 (-1.60%)
TW TAI Consumer Cyclical Auto - Manufacturers
Address No. 997 and 999 Dongda Road 40763
Taichung, TXG, TW
CEO Phoebe Liu
IPO 2000-01-04
ISIN TW0009921007

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Description

Giant Manufacturing Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of bicycles and electric bicycles in Taiwan, the United States, Europe, Asia, and internationally. The company offers bikes products, such as road racing, triathlon racing bikes, flat handlebar road bike, sport commuter car, folding bicycle, and E+ road bike; dual-shock mountain bike, single-suspension mountain bike, mountain bike, E+ off-road mountain bike; gravel road bike, crossover multi-functional bicycle, E+ mixed-road vehicle; and children's balance bike. It also provides accessories, including inner garment, sunglasses, gloves, helmet, bicycle jacket, shoes, cycling pants, raincoat, windproof vest, sleeves and leg covers, shoe covers, headscarves and caps, sock, apparel, power meter, bicycle speedometer, bicycle child seats, bicycle lights, bicycle lock, car bags, automotive parts, training platform, shelves, air pump, mini tools, tubeless tire accessories, lubricating oil and cleaning agent, hand grip and handle strap, tire, cushion, seatpost, handle, driver's cup assembly, driver pole, parking rack, braking system, electric vehicle parts, pedal, and wheelset products. It offers its products through retail stores. Giant Manufacturing Co., Ltd. was founded in 1961 and is headquartered in Taichung, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD80.00 -1.30 (-1.60%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.58
Float Shares
302.39M
Free Float %
77.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.02% +9.81% +11.44% -11.35% -20.97% -19.01% -43.18% -62.69% -74.81% -57.66% +467.32%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
80.00
DCF (Unlevered) 240.36 +200.5%
DCF (Levered) 174.55 +118.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 5 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.08
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Manufacturers: +8.4%
    -15.5% Q1'26: -25.7% (vs Q1'25)
  • EPS growth Auto - Manufacturers: +17.3%
    -42.7% Q1'26: -154.8% (vs Q1'25)
  • FCF margin FCF growth · Auto - Manufacturers: +72.3%
    +15.7% Q1'26: +6.0% (vs Q1'25)
  • EBIT margin Auto - Manufacturers: +4.6%
    +1.8% Q1'26: -1.5% (vs Q1'25)
  • ROIC Auto - Manufacturers: +3.7%
    +1.7% Q1'26: -1.7% (vs Q1'25)
  • Share dilution Auto - Manufacturers: +0.0%
    -3.5% Q1'26: -0.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Manufacturers: -0.19×
    4.11× Q1'26: -19.53× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.57) × ERP
WACC = 64% × Ke + 36% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 237.98 Current price: 80.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
2 EPS Ana.
Dec 2027
7 Rev. Ana.
5 EPS Ana.
Revenue
60.42B
est: 61.24B (-1.3%)
57.09B
est: 57.02B (+0.1%)
55.21B
est: 55.24B (0.0%)
60.24B
est: 60.26B (0.0%)
63.45B
est: 63.69B (-0.4%)
70.01B
est: 70.03B (0.0%)
81.84B
est: 80.76B (+1.3%)
92.04B
est: 92.17B (-0.1%)
76.95B
est: 71.60B (+7.5%)
71.28B
est: 72.94B (-2.3%)
60.25B
est: 62.15B (-3.1%)
60.25B
55.89B – 72.16B
-3.1% YoY
63.86B
57.91B – 78.27B
+6.0% YoY
EBITDA
5.90B
est: 6.92B (-14.8%)
4.95B
est: 6.44B (-23.1%)
4.32B
est: 6.24B (-30.9%)
5.22B
est: 6.81B (-23.3%)
6.93B
est: 7.20B (-3.7%)
8.85B
est: 7.92B (+11.9%)
10.91B
est: 9.13B (+19.6%)
11.89B
est: 10.42B (+14.1%)
7.13B
est: 7.15B (-0.2%)
5.95B
est: 7.28B (-18.3%)
3.64B
est: 6.20B (-41.4%)
6.01B
5.58B – 7.20B
-3.1% YoY
6.37B
5.78B – 7.81B
+6.0% YoY
EBIT
5.22B
est: 5.21B (+0.1%)
4.46B
est: 4.85B (-8.1%)
2.95B
est: 4.70B (-37.3%)
4.53B
est: 5.13B (-11.8%)
5.12B
est: 5.42B (-5.6%)
7.07B
est: 5.96B (+18.6%)
8.95B
est: 6.88B (+30.1%)
9.17B
est: 7.85B (+16.8%)
5.92B
est: 4.90B (+20.8%)
3.44B
est: 5.00B (-31.1%)
1.08B
est: 4.26B (-74.6%)
4.13B
3.83B – 4.94B
-3.1% YoY
4.37B
3.97B – 5.36B
+6.0% YoY
Net Income
3.84B
est: 4.23B (-9.1%)
3.07B
est: 3.32B (-7.8%)
2.05B
est: 2.43B (-15.3%)
2.86B
est: 2.96B (-3.2%)
3.37B
est: 3.82B (-11.7%)
4.95B
est: 5.09B (-2.8%)
5.93B
est: 6.70B (-11.5%)
5.84B
est: 6.62B (-11.7%)
3.40B
est: 3.06B (+11.3%)
1.26B
est: 2.71B (-53.3%)
723.33M
est: 1.33B (-45.6%)
1.82B
1.24B – 2.39B
+36.6% YoY
2.77B
1.93B – 3.55B
+52.4% YoY
SGA
7.73B
est: 7.79B (-0.7%)
7.23B
est: 7.26B (-0.4%)
7.30B
est: 7.03B (+3.8%)
7.63B
est: 7.67B (-0.5%)
7.93B
est: 8.10B (-2.2%)
8.35B
est: 8.91B (-6.3%)
10.00B
est: 10.28B (-2.7%)
10.80B
est: 11.73B (-7.9%)
10.28B
est: 9.34B (+10.1%)
10.25B
est: 9.51B (+7.8%)
8.14B
est: 8.11B (+0.4%)
7.86B
7.29B – 9.41B
-3.1% YoY
8.33B
7.55B – 10.21B
+6.0% YoY
EPS
10.17
est: 10.38 (-2.0%)
8.11
est: 8.16 (-0.6%)
5.44
est: 5.96 (-8.7%)
7.58
est: 7.26 (+4.3%)
8.93
est: 9.39 (-4.9%)
13.09
est: 12.51 (+4.6%)
15.69
est: 16.46 (-4.7%)
15.51
est: 15.79 (-1.7%)
8.68
est: 7.79 (+11.4%)
3.22
est: 6.35 (-49.3%)
1.84
est: 3.32 (-44.6%)
4.62
3.16 – 6.08
+39.2% YoY
6.30
4.91 – 9.02
+36.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-06 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-05 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-04 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-04-30 B+ 3/5 5/5 2/5 4/5 2/5 1/5 4/5
2026-04-29 B+ 3/5 5/5 2/5 4/5 2/5 1/5 4/5
2026-04-28 B+ 3/5 5/5 2/5 4/5 2/5 1/5 4/5
2026-04-27 B 3/5 5/5 2/5 4/5 1/5 1/5 4/5
2026-04-24 B 3/5 5/5 2/5 4/5 1/5 1/5 4/5
2026-04-23 B 3/5 5/5 2/5 4/5 1/5 1/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-17 B 3/5 5/5 2/5 4/5 1/5 1/5 4/5
2026-04-16 B 3/5 5/5 2/5 4/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
7.38B
OE per share TTM
18.71
Owner's Yield
27.77%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
20.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 80 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 JPMorgan Diversified Return Emerging Markets Equity ETF JPEM 0.11% 430.5K 0.44%
2 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.08% 290.6K 0.58%
3 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.06% 45.1K 0.74%
4 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.06% 370.0K 0.55%
5 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.06% 413.8K 0.65%
6 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.05% 198.0K 0.72%
7 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.04% 135.4K 0.74%
8 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.04% 45.5K 0.42%
9 Franklin FTSE Taiwan ETF FLTW 0.03% 1.01M 0.19%
10 Avantis Emerging Markets Value ETF AVES 0.03% 489.0K 0.36%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
91.0K
Shares Outstanding
392.07M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Su-Jyuan Liu Chief Executive Officer, Global Head of CMO & Director 14M female
Feng-Neng Kao Chief Sales Officer male
Hung-Yang Shih Chief Manufacturing Officer male
Huo-Ming Wang President of Taiwan Factory male
Chiao-Li Pan Head of Accounting & Group Chief Financial Officer
Ken Li Global Marketing Director male
Sheng-Chang Chang Chief Strategy Officer & Global Head of Research and Development male
Kam Hoi Koo Chief of Staff male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits