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T

Turvo International Co 2233.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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121.00

+4.76%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 3.27bn

FY2016FY2025

Net income

TWD 403.8m

FY2016FY2025

Free cash flow

TWD 410.1m

FY2016FY2025

Shareholders' equity

TWD 3.96bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 3.27bnTWD 3.66bnTWD 3.34bnTWD 3.35bnTWD 3.23bnTWD 2.54bnTWD 2.35bnTWD 2.55bnTWD 2.39bnTWD 2.14bn
Gross profitTWD 1.02bnTWD 1.36bnTWD 1.09bnTWD 1.10bnTWD 1.15bnTWD 823.1mTWD 774.6mTWD 960.3mTWD 957.2mTWD 812.7m
Research and developmentTWD 249.3mTWD 258.0mTWD 224.7mTWD 185.2mTWD 191.2mTWD 142.6mTWD 151.1mTWD 135.4mTWD 99.8mTWD 89.1m
Operating incomeTWD 438.1mTWD 698.9mTWD 534.7mTWD 784.0mTWD 660.1mTWD 441.3mTWD 372.9mTWD 523.8mTWD 570.4mTWD 483.4m
Net incomeTWD 403.8mTWD 661.0mTWD 534.0mTWD 622.3mTWD 542.8mTWD 375.1mTWD 305.4mTWD 424.3mTWD 396.1mTWD 341.8m
Diluted earnings per share6.7910.968.8610.326.746.245.067.066.575.68

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 6.62bnTWD 6.09bnTWD 5.17bnTWD 4.98bnTWD 4.93bnTWD 4.28bnTWD 3.88bnTWD 3.63bnTWD 3.37bnTWD 3.24bn
Cash and short-term investmentsTWD 1.52bnTWD 1.18bnTWD 1.29bnTWD 1.21bnTWD 1.63bnTWD 1.16bnTWD 864.9mTWD 607.7mTWD 584.7mTWD 934.0m
Total liabilitiesTWD 2.66bnTWD 2.03bnTWD 1.58bnTWD 1.53bnTWD 1.79bnTWD 1.44bnTWD 1.20bnTWD 953.9mTWD 955.9mTWD 963.0m
DebtTWD 1.80bnTWD 1.11bnTWD 679.0mTWD 618.9mTWD 939.9mTWD 632.1mTWD 527.6mTWD 232.8mTWD 286.3mTWD 333.5m
Shareholders' equityTWD 3.96bnTWD 4.05bnTWD 3.57bnTWD 3.43bnTWD 3.12bnTWD 2.80bnTWD 2.61bnTWD 2.61bnTWD 2.41bnTWD 2.28bn
Shares outstanding59m60m60m60m81m60m60m60m60m60m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 648.4mTWD 818.1mTWD 894.7mTWD 784.4mTWD 838.8mTWD 339.3mTWD 714.0mTWD 480.8mTWD 508.3mTWD 566.9m
Capital spending−TWD 238.3m−TWD 359.2m−TWD 48.5m−TWD 178.0m−TWD 227.1m−TWD 127.4m−TWD 283.8m−TWD 144.6m−TWD 282.1m−TWD 124.7m
Free cash flowTWD 410.1mTWD 458.9mTWD 846.2mTWD 606.3mTWD 611.8mTWD 211.9mTWD 430.2mTWD 336.2mTWD 226.2mTWD 442.2m
Dividends paid−TWD 422.0m−TWD 319.5m−TWD 361.7m−TWD 325.6m−TWD 225.7m−TWD 198.7m−TWD 240.8m−TWD 184.6m−TWD 246.1m−TWD 147.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 882.4mTWD 813.2mTWD 765.9mTWD 793.7mTWD 836.6mTWD 878.7mTWD 889.5mTWD 964.0m
Gross profitTWD 277.7mTWD 224.3mTWD 234.6mTWD 244.9mTWD 269.2mTWD 266.3mTWD 333.2mTWD 364.9m
Operating incomeTWD 117.7mTWD 85.3mTWD 83.1mTWD 99.9mTWD 103.6mTWD 122.4mTWD 154.2mTWD 191.6m
Net incomeTWD 109.2mTWD 95.7mTWD 101.3mTWD 103.4mTWD 77.4mTWD 121.7mTWD 142.6mTWD 187.4m
Diluted earnings per share1.811.591.701.741.302.052.363.11
Cash from operations—TWD 152.0mTWD 267.0mTWD 111.0mTWD 177.0mTWD 91.0mTWD 249.0mTWD 717.0m
Capital spending—−TWD 16.0m−TWD 74.0m−TWD 93.0m−TWD 29.0m−TWD 40.0m−TWD 101.0m−TWD 232.0m
Free cash flow—TWD 136.0mTWD 193.0mTWD 18.0mTWD 148.0mTWD 51.0mTWD 148.0mTWD 485.0m
Total assets—TWD 7.12bnTWD 6.62bnTWD 6.38bnTWD 6.13bnTWD 6.22bnTWD 6.09bnTWD 5.93bn
Cash and short-term investments—TWD 2.41bnTWD 1.52bnTWD 1.39bnTWD 1.39bnTWD 1.32bnTWD 1.18bnTWD 1.03bn
Debt—TWD 1.96bnTWD 1.80bnTWD 1.78bnTWD 1.23bnTWD 1.18bnTWD 1.08bnTWD 1.16bn
Shareholders' equity—TWD 4.00bnTWD 3.96bnTWD 3.75bnTWD 3.58bnTWD 3.76bnTWD 4.05bnTWD 3.87bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin31.0%37.2%32.7%32.9%35.6%32.4%
Operating margin13.4%19.1%16.0%23.4%20.4%17.4%
Net margin12.3%18.1%16.0%18.6%16.8%14.8%
Return on equity10.2%16.3%14.9%18.1%17.4%13.4%
Return on assets6.1%10.9%10.3%12.5%11.0%8.8%
Free cash flow yield8.8%11.5%9.2%9.4%7.8%4.6%
Revenue growth-10.5%9.6%-0.4%3.6%27.4%7.8%
Earnings growth-38.9%23.8%-14.2%14.7%44.7%22.8%
Current ratio1.57x2.11x2.99x2.78x2.36x2.25x
Debt to equity0.45x0.27x0.22x0.20x0.30x0.20x
Equity ratio59.8%66.5%69.2%68.9%63.3%65.4%
Interest coverage18.14x66.97x184.19x105.69x69.70x40.66x
R&D as a share of sales7.6%7.1%6.7%5.5%5.9%5.6%
Buybacks as a share of market value1.3%0.0%0.0%25.1%-33.9%0.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-0.8%5.2%5.2%
Operating income-17.6%-0.1%2.9%
Net income-13.4%1.5%4.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin34.3%33.6%33.7%34.6%
Operating margin16.4%18.0%18.3%19.0%
Net margin15.4%16.3%16.2%15.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings32.325.815.79.815.313.414.49.910.511.4
Price to sales4.04.72.51.82.62.01.91.61.81.8

Dividends and splits

Per share, in the currency the company pays

Paid for 15 years. Last went ex-dividend on 30 Jul 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year4.007.005.306.005.401.7473.304.00
  • 1.225-for-1 split · 28 Sept 2018
  • 11-for-10 split · 29 Aug 2013
  • 11-for-10 split · 28 Jul 2011

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.