T 
Ta Chia Yung Ho Machine Industry Co 2221.TWO · TWD
Industrials · Taipei Exchange · 🇹🇼 Taiwan
138.50
-3.48%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.36bn
FY2016FY2025
Net income
TWD 97.7m
FY2016FY2025
Free cash flow
TWD 191.7m
FY2016FY2025
Shareholders' equity
TWD 1.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.36bn | TWD 1.40bn | TWD 1.48bn | TWD 1.74bn | TWD 1.69bn | TWD 1.03bn | TWD 1.22bn | TWD 1.12bn | TWD 937.1m | TWD 907.6m |
| Gross profit | TWD 275.8m | TWD 259.1m | TWD 271.0m | TWD 506.6m | TWD 433.2m | TWD 209.2m | TWD 265.6m | TWD 308.5m | TWD 230.0m | TWD 206.5m |
| Research and development | TWD 13.0m | TWD 15.9m | TWD 15.8m | TWD 17.2m | TWD 16.3m | TWD 10.6m | TWD 9.3m | TWD 10.3m | TWD 9.7m | TWD 10.2m |
| Operating income | TWD 133.4m | TWD 124.7m | TWD 141.1m | TWD 361.0m | TWD 251.9m | TWD 95.4m | TWD 144.0m | TWD 188.1m | TWD 122.7m | TWD 106.8m |
| Net income | TWD 97.7m | TWD 85.7m | TWD 86.6m | TWD 268.4m | TWD 180.8m | TWD 63.4m | TWD 104.2m | TWD 141.7m | TWD 87.1m | TWD 85.0m |
| Diluted earnings per share | 2.30 | 2.01 | 2.10 | 6.34 | 4.27 | 1.50 | 2.46 | 3.32 | 2.05 | 2.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.73bn | TWD 1.63bn | TWD 1.66bn | TWD 1.77bn | TWD 1.76bn | TWD 1.39bn | TWD 1.46bn | TWD 1.44bn | TWD 1.25bn | TWD 1.29bn |
| Cash and short-term investments | — | — | TWD 199.3m | TWD 279.1m | TWD 325.1m | TWD 187.1m | TWD 51.3m | — | — | — |
| Total liabilities | TWD 567.2m | TWD 589.9m | TWD 612.4m | TWD 639.9m | TWD 790.2m | TWD 565.0m | TWD 640.4m | TWD 638.6m | TWD 526.6m | TWD 606.0m |
| Debt | TWD 143.4m | TWD 129.6m | TWD 316.2m | TWD 316.3m | TWD 357.8m | TWD 335.5m | TWD 277.9m | TWD 332.6m | TWD 274.0m | TWD 344.9m |
| Shareholders' equity | TWD 1.07bn | TWD 1.03bn | TWD 986.2m | TWD 1.07bn | TWD 920.5m | TWD 785.5m | TWD 783.1m | TWD 772.8m | TWD 695.2m | TWD 657.8m |
| Shares outstanding | 43m | 43m | 41m | 42m | 42m | 42m | 42m | 43m | 43m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 235.2m | TWD 215.8m | TWD 126.3m | TWD 182.7m | TWD 213.8m | TWD 68.9m | TWD 307.0m | TWD 12.4m | TWD 172.4m | TWD 43.5m |
| Capital spending | −TWD 43.4m | −TWD 20.9m | −TWD 35.9m | −TWD 51.9m | −TWD 25.6m | −TWD 23.1m | −TWD 48.7m | −TWD 24.9m | −TWD 41.3m | −TWD 14.7m |
| Free cash flow | TWD 191.7m | TWD 194.9m | TWD 90.4m | TWD 130.8m | TWD 188.1m | TWD 45.7m | TWD 258.3m | −TWD 12.5m | TWD 131.1m | TWD 28.8m |
| Dividends paid | −TWD 55.0m | −TWD 55.0m | −TWD 169.3m | −TWD 127.0m | −TWD 42.3m | −TWD 63.5m | −TWD 89.1m | −TWD 63.6m | −TWD 55.2m | −TWD 42.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 434.9m | TWD 372.2m | TWD 345.5m | TWD 340.3m | TWD 352.7m | TWD 324.3m | TWD 395.2m | TWD 407.3m |
| Gross profit | TWD 103.7m | TWD 72.5m | TWD 71.3m | TWD 63.3m | TWD 77.9m | TWD 63.3m | TWD 81.7m | TWD 82.4m |
| Operating income | TWD 63.5m | TWD 40.0m | TWD 33.2m | TWD 32.5m | TWD 46.9m | TWD 36.0m | TWD 40.6m | TWD 47.9m |
| Net income | TWD 49.7m | TWD 29.1m | TWD 25.1m | TWD 24.3m | TWD 20.9m | TWD 27.5m | TWD 28.8m | TWD 34.5m |
| Diluted earnings per share | 1.17 | 0.68 | 0.59 | 0.57 | 0.49 | 0.64 | 0.68 | 0.81 |
| Cash from operations | TWD 46.0m | −TWD 15.0m | TWD 121.0m | TWD 1.0m | TWD 27.0m | TWD 84.0m | TWD 135.0m | −TWD 9.0m |
| Capital spending | −TWD 10.0m | −TWD 10.0m | −TWD 14.0m | −TWD 4.0m | −TWD 11.0m | −TWD 12.0m | −TWD 9.0m | −TWD 4.0m |
| Free cash flow | TWD 36.0m | −TWD 25.0m | TWD 107.0m | −TWD 3.0m | TWD 16.0m | TWD 72.0m | TWD 126.0m | −TWD 13.0m |
| Total assets | TWD 1.85bn | TWD 1.72bn | TWD 1.73bn | TWD 1.64bn | TWD 1.69bn | TWD 1.69bn | TWD 1.63bn | TWD 1.68bn |
| Debt | TWD 116.3m | TWD 129.9m | TWD 143.4m | TWD 157.0m | TWD 106.5m | TWD 118.1m | TWD 129.6m | TWD 143.6m |
| Shareholders' equity | TWD 1.08bn | TWD 1.10bn | TWD 1.07bn | TWD 1.04bn | TWD 1.01bn | TWD 1.06bn | TWD 1.03bn | TWD 992.0m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 23.5% | 21.8% | 18.3% | 29.0% | 25.6% | 20.3% | — |
| Operating margin | 9.7% | 8.6% | 9.5% | 20.7% | 14.9% | 9.2% | — |
| Net margin | 7.2% | 6.1% | 5.9% | 15.4% | 10.7% | 6.1% | — |
| Return on equity | 9.2% | 8.3% | 8.8% | 25.1% | 19.6% | 8.1% | — |
| Return on assets | 5.7% | 5.3% | 5.2% | 15.1% | 10.2% | 4.6% | — |
| Free cash flow yield | — | 3.9% | 2.8% | 3.9% | 4.0% | 1.5% | 6.0% |
| Revenue growth | -3.0% | -5.0% | -15.2% | 3.1% | 63.8% | -15.2% | — |
| Earnings growth | 14.1% | -1.1% | -67.7% | 48.5% | 185.2% | -39.2% | — |
| Current ratio | 3.21x | 2.76x | 2.70x | 3.12x | 2.24x | 2.48x | — |
| Debt to equity | 0.13x | 0.13x | 0.29x | 0.26x | 0.33x | 0.36x | — |
| Equity ratio | 61.7% | 63.5% | 59.4% | 60.3% | 52.2% | 56.5% | — |
| Interest coverage | 24.84x | 21.35x | 26.54x | 76.90x | 58.05x | 21.87x | — |
| R&D as a share of sales | 1.0% | 1.1% | 1.1% | 1.0% | 1.0% | 1.0% | — |
| Buybacks as a share of market value | — | -3.2% | 2.5% | 0.0% | 0.0% | 0.0% | 0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | 5.7% | 4.8% |
| Operating income | -28.2% | 6.9% | 3.4% |
| Net income | -28.6% | 9.0% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.3% | 21.9% | 22.4% | 23.0% |
| Operating margin | 9.3% | 12.7% | 12.7% | 12.8% |
| Net margin | 6.6% | 9.0% | 9.0% | 9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.1 | 14.3 | 17.4 | 6.0 | 9.7 | 17.4 | 12.2 | 9.0 | 13.3 | 10.5 |
| Price to sales | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.1 | 1.0 | 1.1 | 1.2 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 16 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 1.30 | 1.30 | 4.00 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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