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Formosan Rubber Group 2107.TW · TWD

Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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26.35

-1.50%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.44bn

FY2016FY2025

Net income

TWD 507.8m

FY2016FY2025

Free cash flow

TWD 648.8m

FY2016FY2025

Shareholders' equity

TWD 13.48bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.44bnTWD 1.48bnTWD 1.36bnTWD 1.94bnTWD 2.79bnTWD 3.28bnTWD 2.70bnTWD 1.37bnTWD 1.73bnTWD 1.71bn
Gross profitTWD 493.0mTWD 472.8mTWD 420.6mTWD 625.2mTWD 883.7mTWD 1.06bnTWD 661.7mTWD 330.5mTWD 538.8mTWD 526.7m
Research and developmentTWD 9.7mTWD 9.8mTWD 9.3mTWD 9.6mTWD 10.5mTWD 9.9mTWD 13.1mTWD 13.1mTWD 14.0mTWD 14.4m
Operating incomeTWD 282.9mTWD 247.7mTWD 199.6mTWD 838.3mTWD 827.0mTWD 938.9mTWD 570.8mTWD 97.9mTWD 304.5mTWD 286.5m
Net incomeTWD 507.8mTWD 573.5mTWD 518.9mTWD 711.7mTWD 778.0mTWD 901.7mTWD 539.0mTWD 215.8mTWD 189.2mTWD 327.1m
Diluted earnings per share1.641.891.712.342.262.621.540.590.460.69

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 15.41bnTWD 15.13bnTWD 14.28bnTWD 13.76bnTWD 13.12bnTWD 12.26bnTWD 12.98bnTWD 14.12bnTWD 14.87bnTWD 14.39bn
Cash and short-term investmentsTWD 7.27bnTWD 7.15bnTWD 6.36bnTWD 6.22bnTWD 6.34bnTWD 4.48bnTWD 3.84bnTWD 3.87bnTWD 4.80bnTWD 4.21bn
Total liabilitiesTWD 1.93bnTWD 1.99bnTWD 1.88bnTWD 1.90bnTWD 1.18bnTWD 1.07bnTWD 2.17bnTWD 3.77bnTWD 4.04bnTWD 3.21bn
DebtTWD 1.35bnTWD 1.25bnTWD 1.36bnTWD 1.31bnTWD 611.6mTWD 401.7mTWD 1.31bnTWD 2.74bnTWD 3.27bnTWD 2.45bn
Shareholders' equityTWD 13.48bnTWD 13.14bnTWD 12.40bnTWD 11.86bnTWD 11.94bnTWD 11.18bnTWD 10.81bnTWD 10.36bnTWD 10.84bnTWD 11.18bn
Shares outstanding309m304m304m304m344m345m350m367m409m473m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 692.1mTWD 827.0mTWD 682.7m−TWD 21.4mTWD 1.73bnTWD 2.07bnTWD 1.78bnTWD 424.8mTWD 445.0mTWD 247.4m
Capital spending−TWD 43.3m−TWD 40.9m−TWD 37.2m−TWD 27.2m−TWD 7.8m−TWD 8.1m−TWD 12.5m−TWD 112.7m−TWD 110.6m−TWD 45.1m
Free cash flowTWD 648.8mTWD 786.1mTWD 645.5m−TWD 48.6mTWD 1.72bnTWD 2.07bnTWD 1.77bnTWD 312.1mTWD 334.4mTWD 202.3m
Dividends paid−TWD 425.0m−TWD 394.7m−TWD 404.8m−TWD 410.8m−TWD 513.5m−TWD 280.0m−TWD 238.0m−TWD 240.5m−TWD 233.8m−TWD 416.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 420.7mTWD 327.5mTWD 436.1mTWD 310.6mTWD 304.2mTWD 392.6mTWD 357.1mTWD 381.4m
Gross profitTWD 179.0mTWD 108.9mTWD 130.5mTWD 92.0mTWD 94.6mTWD 175.8mTWD 123.5mTWD 125.4m
Operating incomeTWD 135.1mTWD 61.8mTWD 62.4mTWD 46.1mTWD 44.5mTWD 130.2mTWD 53.1mTWD 76.9m
Net incomeTWD 275.8mTWD 70.1mTWD 47.1mTWD 179.4mTWD 139.4mTWD 141.9mTWD 29.8mTWD 198.4m
Diluted earnings per share0.910.230.150.580.450.460.100.65
Cash from operations−TWD 99.0mTWD 122.0mTWD 194.0mTWD 399.0m−TWD 54.0mTWD 152.0mTWD 152.0mTWD 321.0m
Capital spending−TWD 3.0m−TWD 3.0m−TWD 8.0m−TWD 4.0m−TWD 22.0m−TWD 8.0m−TWD 3.0m−TWD 10.0m
Free cash flow−TWD 102.0mTWD 119.0mTWD 186.0mTWD 395.0m−TWD 76.0mTWD 144.0mTWD 149.0mTWD 311.0m
Total assetsTWD 17.40bnTWD 15.86bnTWD 15.41bnTWD 15.01bnTWD 15.15bnTWD 15.36bnTWD 15.13bnTWD 15.29bn
Cash and short-term investmentsTWD 9.04bnTWD 7.66bnTWD 7.27bnTWD 6.88bnTWD 6.75bnTWD 7.13bnTWD 7.15bnTWD 7.34bn
DebtTWD 1.10bnTWD 1.44bnTWD 1.35bnTWD 1.44bnTWD 1.45bnTWD 1.73bnTWD 1.51bnTWD 1.44bn
Shareholders' equityTWD 15.12bnTWD 13.33bnTWD 13.48bnTWD 13.02bnTWD 12.74bnTWD 12.66bnTWD 13.14bnTWD 13.36bn

Financial ratios

Data as of 9 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin34.2%31.9%30.9%32.3%31.6%32.4%
Operating margin42.4%44.5%45.5%43.3%29.6%28.6%
Net margin35.2%38.7%38.2%36.7%27.8%27.5%
Return on equity3.8%4.4%4.2%6.0%6.5%8.1%
Return on assets3.3%3.8%3.6%5.2%5.9%7.4%
Free cash flow yield8.4%10.0%8.3%0.1%17.7%21.2%
Revenue growth-2.5%8.9%-29.8%-30.7%-14.8%21.5%
Earnings growth-11.4%10.5%-27.1%-8.5%-13.7%67.3%
Current ratio7.32x5.86x5.83x5.82x9.53x9.71x
Debt to equity0.10x0.11x0.11x0.12x0.06x0.04x
Equity ratio87.5%86.9%86.8%86.2%91.0%91.2%
Interest coverage26.74x32.67x23.49x95.47x205.76x114.12x
R&D as a share of sales0.7%0.7%0.7%0.5%0.4%0.3%
Buybacks as a share of market value-1.7%-0.1%0.0%11.7%0.3%1.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.3%-15.1%-4.5%
Operating income-30.4%-21.3%-10.0%
Net income-10.6%-10.8%-4.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin33.0%32.3%32.2%32.0%
Operating margin18.1%25.2%27.1%24.5%
Net margin37.0%37.2%32.5%27.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings15.013.714.310.311.310.513.629.439.026.7
Price to sales5.35.35.43.83.12.92.74.64.35.1

Dividends and splits

Per share, in the currency the company pays

Paid for 19 years. Last went ex-dividend on 15 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.401.401.302.4441.3331.6670.9090.756
  • 1000-to-900 reverse split · 18 Sept 2023
  • 1000-to-900 reverse split · 28 Sept 2017
  • 1000-to-900.001 reverse split · 30 Sept 2016
  • 1-to-1 reverse split · 22 Feb 2006
  • 1-to-1 reverse split · 13 Dec 2005
  • 1.058-for-1 split · 6 Jul 2000

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.