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Topkey Corp
TWSE:4536

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Topkey Corp
TWSE:4536
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Price: 164 TWD -0.91% Market Closed
Market Cap: NT$14.9B

Gross Margin

36%
Current
Improving
by 1.5%
vs 3-y average of 34.5%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
36%
=
Gross Profit
NT$3.6B
/
Revenue
NT$10B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
36%
=
Gross Profit
NT$3.6B
/
Revenue
NT$10B

Peer Comparison

Country Company Market Cap Gross
Margin
TW
Topkey Corp
TWSE:4536
14.9B TWD
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JP
Bandai Namco Holdings Inc
TSE:7832
2.7T JPY
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US
Hasbro Inc
NASDAQ:HAS
13.3B USD
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JP
Shimano Inc
TSE:7309
1.4T JPY
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UK
Games Workshop Group PLC
LSE:GAW
5.7B GBP
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US
Acushnet Holdings Corp
NYSE:GOLF
5.6B USD
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CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
37.4B CNY
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CA
BRP Inc
TSX:DOO
6.5B CAD
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US
Mattel Inc
NASDAQ:MAT
4.8B USD
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US
Brunswick Corp
NYSE:BC
4.8B USD
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IT
Technogym SpA
MIL:TGYM
3.4B EUR
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Market Distribution

Higher than 78% of companies in Taiwan
Percentile
78th
Based on 1 022 companies
78th percentile
36%
Low
-197.7% — 13.7%
Typical Range
13.7% — 31.4%
High
31.4% — 400.8%
Distribution Statistics
Taiwan
Min -197.7%
30th Percentile 13.7%
Median 22.1%
70th Percentile 31.4%
Max 400.8%

Topkey Corp
Glance View

Market Cap
14.9B TWD
Industry
Leisure Products

Topkey Corp. engages in the manufacture and sale of sports and leisure, aerospace, and medical products. The company is headquartered in Taichung, Taichung. The company went IPO on 2011-10-20. The sports and leisure products include carbon fiber tennis rackets and badminton rackets, composite bicycle bodies, composite security hats and protective products. The aerospace medical equipment includes medical image diagnosis equipment bed boards and accessories, seats for airplanes and airbuses. The firm operates its business through three segments: Sports and Leisure Products segment, Aerospace Medical Equipment segment and Others segment.

Intrinsic Value
242.26 TWD
Undervaluation 32%
Intrinsic Value
Price
T
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
36%
=
Gross Profit
NT$3.6B
/
Revenue
NT$10B
What is Topkey Corp's current Gross Margin?

The current Gross Margin for Topkey Corp is 36%, which is above its 3-year median of 34.5%.

How has Gross Margin changed over time?

Over the last 3 years, Topkey Corp’s Gross Margin has increased from 34.9% to 36%. During this period, it reached a low of 32.7% on Dec 31, 2023 and a high of 36% on Sep 30, 2025.

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