Obermatt

Topkey

TAI:4536 · TW0004536008
Leisure ProductsSmall

360

78
Profit price41
Owner Earnings Yield85
Dividend Yield1
Price/Sales42
EV / Gross Profit48
Price/Book46
Return on Capital86
Cash Return on Capital80
Return on Equity81
EBIT Margin89
Gross Profitability44
Cash Conversion54
Accruals42
Owner Earnings Margin82
Sales growth44
Profit Growth21
Long-Term EPS Growth29
Owner Earnings Growth38
Reinvestment34
Price momentum18
Debt load69
Refinancing31
Debt Payback100
Liquidity74
Analyst ratings73
Opinion Changes50
Price Target Upside35
Market mood75
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Topkey clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryLeisure Products
SizeSmall
TypePublic Company
ExchangeTWSE
Founded1980
Employees28
ISINTW0004536008
Last UpdateApr 2, 2026
Index & Theme
Packaging ServicesInjection MoldingIndustrialIndustrial ManufacturingManufacturingPlastics and Rubber ManufacturingRetail

Description

Topkey Corporation produces, processes, sells, and trades in sporting products. Business Segments The company operates through several distinct business segment, each contributing to its overall growth and market presence. The primary segments incl…

Analysis

Quality compounder

Topkey Corporation earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is attractive. The owner-earnings multiple stands at 12.3×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
29
2023202420252026

All-time high

77

Jan 2025

All-time low

29

Jun 2026

Average rank

54

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
42
21
25
39
Price/Earnings
76
66
76
73
Price/Book
46
35
28
46
Dividend Yield
1
87
99
75
Value (overall)
32
55
57
67

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →