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Headway Advanced Materials 1776.TW · TWD

Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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17.60

+0.57%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.03bn

FY2016FY2025

Net income

TWD 16.5m

FY2016FY2025

Free cash flow

TWD 161.1m

FY2016FY2025

Shareholders' equity

TWD 865.7m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.03bnTWD 1.24bnTWD 1.21bnTWD 1.45bnTWD 1.48bnTWD 1.38bnTWD 1.61bnTWD 1.92bnTWD 2.12bnTWD 1.91bn
Gross profitTWD 178.1mTWD 224.6mTWD 183.9mTWD 194.2mTWD 284.1mTWD 295.3mTWD 299.3mTWD 216.4mTWD 319.5mTWD 449.6m
Research and developmentTWD 20.8mTWD 22.7mTWD 23.5mTWD 26.9mTWD 27.2mTWD 31.2mTWD 32.4mTWD 38.7mTWD 39.1mTWD 41.6m
Operating incomeTWD 34.7mTWD 43.4mTWD 11.2mTWD 41.5mTWD 101.4mTWD 92.2mTWD 99.7m−TWD 10.5mTWD 63.2mTWD 133.4m
Net incomeTWD 16.5mTWD 46.7mTWD 26.0mTWD 18.6mTWD 47.0mTWD 45.2mTWD 59.5m−TWD 34.4mTWD 93.7mTWD 107.6m
Diluted earnings per share0.230.800.400.310.670.650.86-0.511.311.52

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 1.47bnTWD 1.68bnTWD 1.68bnTWD 1.79bnTWD 1.83bnTWD 1.89bnTWD 1.88bnTWD 1.97bnTWD 2.16bnTWD 2.11bn
Cash and short-term investmentsTWD 592.6mTWD 618.6mTWD 555.7mTWD 675.4mTWD 689.1mTWD 433.9mTWD 378.4mTWD 358.6mTWD 441.9mTWD 487.2m
Total liabilitiesTWD 540.6mTWD 659.9mTWD 690.0mTWD 679.8mTWD 663.7mTWD 794.1mTWD 767.5mTWD 842.8mTWD 873.7mTWD 783.2m
DebtTWD 381.9mTWD 453.6mTWD 491.7mTWD 498.7mTWD 417.4mTWD 554.6mTWD 534.3mTWD 574.1mTWD 438.9mTWD 364.6m
Shareholders' equityTWD 865.7mTWD 918.9mTWD 880.1mTWD 1.01bnTWD 1.05bnTWD 984.4mTWD 998.4mTWD 1.02bnTWD 1.17bnTWD 1.19bn
Shares outstanding71m58m66m59m71m69m69m68m72m71m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 183.6mTWD 146.0mTWD 110.4mTWD 92.7mTWD 121.5mTWD 114.8mTWD 165.9m−TWD 46.8mTWD 135.2mTWD 287.0m
Capital spending−TWD 22.4m−TWD 35.6m−TWD 32.7m−TWD 47.2m−TWD 38.5m−TWD 49.0m−TWD 17.4m−TWD 87.9m−TWD 102.6m−TWD 41.0m
Free cash flowTWD 161.1mTWD 110.4mTWD 77.7mTWD 45.4mTWD 83.1mTWD 65.8mTWD 148.5m−TWD 134.7mTWD 32.6mTWD 246.0m
Dividends paid−TWD 48.1m−TWD 30.1m−TWD 42.2m−TWD 105.5m−TWD 70.3m−TWD 59.5m−TWD 55.6m−TWD 104.3m−TWD 111.3m−TWD 110.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 253.0mTWD 275.3mTWD 263.7mTWD 248.9mTWD 258.5mTWD 295.8mTWD 343.7mTWD 321.0m
Gross profitTWD 56.9mTWD 63.5mTWD 59.4mTWD 40.8mTWD 34.3mTWD 41.8mTWD 63.5mTWD 55.5m
Operating incomeTWD 19.6mTWD 27.0mTWD 28.7mTWD 8.1mTWD 320,000TWD 3.3mTWD 11.8mTWD 12.0m
Net incomeTWD 18.3mTWD 21.3mTWD 13.8mTWD 1.1m−TWD 7.0mTWD 8.6mTWD 7.8mTWD 14.0m
Diluted earnings per share0.290.330.190.02-0.100.120.130.24
Cash from operations−TWD 70.0mTWD 44.0mTWD 33.0mTWD 55.0mTWD 54.0mTWD 45.0mTWD 68.0mTWD 7.0m
Capital spending−TWD 7.0m−TWD 2.0m−TWD 10.0m—−TWD 8.0m−TWD 2.0m−TWD 8.0m−TWD 3.0m
Free cash flow−TWD 77.0mTWD 42.0mTWD 23.0m—TWD 46.0mTWD 43.0mTWD 60.0mTWD 4.0m
Total assetsTWD 1.46bnTWD 1.48bnTWD 1.47bnTWD 1.53bnTWD 1.49bnTWD 1.65bnTWD 1.68bnTWD 1.69bn
Cash and short-term investmentsTWD 542.7mTWD 587.4mTWD 592.6mTWD 625.7mTWD 548.3mTWD 629.9mTWD 618.6mTWD 588.8m
DebtTWD 323.5mTWD 292.7mTWD 369.9mTWD 433.1mTWD 378.0mTWD 412.9mTWD 434.7mTWD 469.4m
Shareholders' equityTWD 885.8mTWD 862.2mTWD 865.7mTWD 827.9mTWD 808.7mTWD 931.8mTWD 918.9mTWD 908.4m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-10.7%-5.7%-7.7%
Operating income-5.8%-17.8%-15.1%
Net income-3.9%-18.2%-18.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.7%15.8%17.5%18.0%
Operating margin3.4%2.7%4.2%4.5%
Net margin2.8%2.2%2.6%3.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings66.023.743.261.737.829.621.8-35.618.816.6
Price to sales1.10.90.90.81.21.00.80.60.80.9

Dividends and splits

Per share, in the currency the company pays

Paid for 22 years. Last went ex-dividend on 13 Jun 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.800.502.3981.7541.170.9890.9361.754
  • 1000-to-855 reverse split · 11 Oct 2023
  • 27-for-25 split · 1 Sept 2014
  • 1.06-for-1 split · 28 Aug 2013
  • 21-for-20 split · 4 Sept 2012
  • 1.06-for-1 split · 8 Sept 2011
  • 11-for-10 split · 9 Jul 2010

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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