T 
Tainan Enterprises Co 1473.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
17.65
-1.40%
Close of 5 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 6.68bn
FY2016FY2025
Net income
TWD 83.4m
FY2016FY2025
Free cash flow
TWD 331.7m
FY2016FY2025
Shareholders' equity
TWD 3.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 6.68bn | TWD 7.45bn | TWD 6.51bn | TWD 7.53bn | TWD 5.76bn | TWD 5.97bn | TWD 7.66bn | TWD 8.33bn | TWD 8.33bn | TWD 9.33bn |
| Gross profit | TWD 1.05bn | TWD 1.37bn | TWD 1.16bn | TWD 1.22bn | TWD 776.2m | TWD 671.0m | TWD 1.07bn | TWD 1.07bn | TWD 1.05bn | TWD 1.53bn |
| Research and development | TWD 79.8m | TWD 75.3m | TWD 74.7m | TWD 76.0m | TWD 73.3m | TWD 77.4m | TWD 90.0m | TWD 100.5m | TWD 105.5m | TWD 102.1m |
| Operating income | TWD 90.3m | TWD 371.6m | TWD 286.4m | TWD 373.4m | −TWD 107.2m | −TWD 232.5m | TWD 116.9m | TWD 5.3m | TWD 45.2m | TWD 293.5m |
| Net income | TWD 83.4m | TWD 441.3m | TWD 311.5m | TWD 301.0m | −TWD 135.1m | −TWD 355.2m | TWD 80.5m | TWD 79.5m | TWD 93.9m | TWD 224.4m |
| Diluted earnings per share | 0.57 | 3.01 | 2.13 | 2.04 | -0.92 | -2.45 | 0.56 | 0.54 | 0.64 | 1.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 5.32bn | TWD 5.88bn | TWD 5.43bn | TWD 5.18bn | TWD 5.21bn | TWD 5.04bn | TWD 5.83bn | TWD 6.09bn | TWD 6.24bn | TWD 6.86bn |
| Cash and short-term investments | TWD 666.1m | TWD 961.2m | TWD 821.9m | TWD 864.7m | TWD 720.8m | TWD 906.8m | TWD 623.9m | TWD 700.7m | TWD 1.30bn | TWD 1.77bn |
| Total liabilities | TWD 1.52bn | TWD 1.74bn | TWD 1.74bn | TWD 1.64bn | TWD 2.16bn | TWD 1.76bn | TWD 2.01bn | TWD 2.21bn | TWD 2.31bn | TWD 2.67bn |
| Debt | TWD 596.2m | TWD 574.1m | TWD 663.3m | TWD 782.0m | TWD 1.22bn | TWD 886.6m | TWD 1.08bn | TWD 1.25bn | TWD 1.05bn | TWD 1.45bn |
| Shareholders' equity | TWD 3.80bn | TWD 4.14bn | TWD 3.70bn | TWD 3.54bn | TWD 3.05bn | TWD 3.28bn | TWD 3.82bn | TWD 3.87bn | TWD 3.81bn | TWD 4.03bn |
| Shares outstanding | 146m | 147m | 147m | 148m | 146m | 145m | 143m | 147m | 147m | 146m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 426.9m | TWD 508.4m | TWD 524.7m | TWD 587.5m | −TWD 512.7m | TWD 169.0m | TWD 385.3m | −TWD 53.6m | TWD 668.5m | TWD 936.6m |
| Capital spending | −TWD 95.2m | −TWD 63.7m | −TWD 129.2m | −TWD 72.0m | −TWD 60.9m | −TWD 64.2m | −TWD 174.3m | −TWD 126.4m | −TWD 199.5m | −TWD 257.4m |
| Free cash flow | TWD 331.7m | TWD 444.7m | TWD 395.5m | TWD 515.5m | −TWD 573.6m | TWD 104.7m | TWD 211.0m | −TWD 180.1m | TWD 469.0m | TWD 679.2m |
| Dividends paid | −TWD 292.3m | −TWD 175.4m | −TWD 146.2m | −TWD 14.6m | −TWD 29.2m | −TWD 73.1m | −TWD 73.1m | −TWD 73.4m | −TWD 175.5m | −TWD 173.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.43bn | TWD 1.96bn | TWD 1.24bn | TWD 1.44bn | TWD 1.50bn | TWD 2.50bn | TWD 1.67bn | TWD 1.83bn |
| Gross profit | TWD 259.3m | TWD 351.9m | TWD 169.9m | TWD 171.7m | TWD 233.8m | TWD 471.4m | TWD 272.7m | TWD 340.7m |
| Operating income | −TWD 30.4m | TWD 103.2m | −TWD 51.2m | −TWD 54.2m | TWD 10.9m | TWD 181.2m | TWD 30.3m | TWD 93.5m |
| Net income | TWD 970,000 | TWD 100.3m | −TWD 28.6m | −TWD 21.1m | −TWD 50.1m | TWD 183.3m | TWD 69.3m | TWD 72.0m |
| Diluted earnings per share | 0.00 | 0.35 | -0.20 | -0.14 | -0.34 | 1.26 | 0.47 | 0.49 |
| Cash from operations | TWD 196.0m | −TWD 309.0m | −TWD 191.0m | TWD 238.0m | TWD 486.0m | −TWD 111.0m | −TWD 117.0m | TWD 176.0m |
| Capital spending | −TWD 64.0m | −TWD 51.0m | −TWD 10.0m | −TWD 36.0m | −TWD 25.0m | −TWD 24.0m | −TWD 13.0m | −TWD 6.0m |
| Free cash flow | TWD 132.0m | −TWD 360.0m | −TWD 201.0m | TWD 202.0m | TWD 461.0m | −TWD 135.0m | −TWD 130.0m | TWD 170.0m |
| Total assets | TWD 5.91bn | TWD 5.85bn | TWD 5.32bn | TWD 5.10bn | TWD 5.11bn | TWD 6.29bn | TWD 5.88bn | TWD 5.51bn |
| Cash and short-term investments | TWD 743.1m | TWD 737.6m | TWD 666.1m | TWD 871.7m | TWD 856.5m | TWD 1.11bn | TWD 961.2m | TWD 1.17bn |
| Debt | TWD 916.5m | TWD 956.5m | TWD 583.8m | TWD 564.2m | TWD 659.0m | TWD 910.6m | TWD 570.2m | TWD 611.4m |
| Shareholders' equity | TWD 3.86bn | TWD 3.95bn | TWD 3.80bn | TWD 3.75bn | TWD 3.66bn | TWD 4.36bn | TWD 4.14bn | TWD 3.98bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.7% | 18.3% | 17.9% | 16.2% | 13.5% | 11.2% |
| Operating margin | 1.4% | 7.2% | 5.5% | 4.7% | -2.0% | -6.1% |
| Net margin | 1.2% | 5.9% | 4.8% | 4.0% | -2.3% | -5.9% |
| Return on equity | 2.2% | 10.7% | 8.4% | 8.5% | -4.4% | -10.8% |
| Return on assets | 1.6% | 7.5% | 5.7% | 5.8% | -2.6% | -7.0% |
| Free cash flow yield | 15.6% | 18.5% | 19.1% | 21.2% | -18.7% | 6.2% |
| Revenue growth | -10.3% | 14.4% | -13.6% | 30.7% | -3.5% | -22.1% |
| Earnings growth | -81.1% | 41.7% | 3.5% | -322.8% | -62.0% | -541.3% |
| Current ratio | 2.31x | 2.41x | 2.18x | 2.26x | 1.69x | 1.93x |
| Debt to equity | 0.15x | 0.14x | 0.17x | 0.21x | 0.38x | 0.24x |
| Equity ratio | 71.5% | 70.5% | 68.1% | 68.3% | 58.6% | 65.1% |
| Interest coverage | 3.27x | 25.14x | 21.78x | 17.16x | -9.18x | -15.07x |
| R&D as a share of sales | 1.2% | 1.0% | 1.1% | 1.0% | 1.3% | 1.3% |
| Buybacks as a share of market value | 0.8% | -0.1% | 0.8% | -0.9% | -0.9% | -1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.9% | 2.3% | -3.5% |
| Operating income | -37.7% | — | — |
| Net income | -34.8% | — | -1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 17.0% | 15.6% | 15.1% |
| Operating margin | 3.3% | 4.0% | 2.0% | 1.1% |
| Net margin | 3.7% | 4.0% | 1.6% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 43.3 | 11.7 | 13.8 | 10.3 | -19.6 | -7.8 | 43.7 | 32.2 | 37.4 | 19.4 |
| Price to sales | 0.5 | 0.7 | 0.7 | 0.4 | 0.5 | 0.5 | 0.5 | 0.3 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 11 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 1.20 | 1.00 | 0.10 | 0.20 | 0.50 | 0.50 | 0.503 |
- 21-for-20 split · 30 Jul 2009
- 1.01-for-1 split · 26 Jul 2007
- 1.01-for-1 split · 27 Jul 2006
- 1.01-for-1 split · 7 Jul 2005
- 21-for-20 split · 5 Jun 2002
- 1.22-for-1 split · 4 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.