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Crowell Development 2528.TW · TWD

Real Estate · Taiwan Stock Exchange · 🇹🇼 Taiwan

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17.15

+1.18%

Close of 9 Nov 2026, in TWD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 12.28bn

FY2016FY2025

Net income

TWD 1.53bn

FY2016FY2025

Free cash flow

TWD 4.42bn

FY2016FY2025

Shareholders' equity

TWD 7.89bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2018FY2017FY2016
RevenueTWD 12.28bnTWD 5.33bnTWD 1.85bnTWD 1.73bnTWD 3.19bnTWD 1.17bnTWD 218.4mTWD 65.1mTWD 127.7m
Operating incomeTWD 1.92bnTWD 1.67bnTWD 312.3mTWD 316.1mTWD 570.8m−TWD 204.5m−TWD 60.7m−TWD 31.8m−TWD 11.6m
Net incomeTWD 1.53bnTWD 1.30bnTWD 241.6mTWD 238.4mTWD 490.2m−TWD 210.5m−TWD 70.0m−TWD 157.1m−TWD 19.5m
Diluted earnings per share3.032.990.610.601.29-0.61-0.28-1.02-0.15

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2018FY2017FY2016
Total assetsTWD 22.46bnTWD 28.59bnTWD 21.43bnTWD 19.21bnTWD 16.55bnTWD 12.29bnTWD 6.27bnTWD 1.79bnTWD 1.83bn
Cash and short-term investmentsTWD 1.58bnTWD 2.33bnTWD 61.6mTWD 963.0mTWD 1.14bnTWD 950.1mTWD 240.2mTWD 116.3mTWD 221.3m
Total liabilitiesTWD 14.57bnTWD 21.49bnTWD 16.14bnTWD 14.04bnTWD 12.32bnTWD 8.55bnTWD 3.78bnTWD 510.0mTWD 545.8m
DebtTWD 10.98bnTWD 15.03bnTWD 11.85bnTWD 10.12bnTWD 9.82bnTWD 6.19bnTWD 3.34bnTWD 449.1mTWD 462.1m
Shareholders' equityTWD 7.89bnTWD 7.10bnTWD 5.29bnTWD 5.16bnTWD 4.23bnTWD 3.74bnTWD 2.49bnTWD 1.28bnTWD 1.28bn
Shares outstanding506m434m399m399m379m346m247m154m129m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2018FY2017FY2016
Cash from operationsTWD 4.77bn−TWD 1.87bn−TWD 1.81bn−TWD 1.18bn−TWD 3.31bn−TWD 3.24bn−TWD 4.09bn−TWD 590.9m−TWD 28.3m
Capital spending−TWD 345.4m−TWD 27.8m−TWD 26.8m−TWD 1.2m−TWD 2.2m−TWD 1.1m−TWD 2.3m−TWD 3.7m−TWD 3.4m
Free cash flowTWD 4.42bn−TWD 1.90bn−TWD 1.83bn−TWD 1.18bn−TWD 3.32bn−TWD 3.24bn−TWD 4.10bn−TWD 594.6m−TWD 31.7m
Dividends paid−TWD 826.7m−TWD 192.5m−TWD 190.0m−TWD 177.7m−TWD 177.7m−TWD 177.7m———

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 1.66bnTWD 10.3mTWD 1.41bnTWD 5.58bnTWD 2.61bnTWD 2.68bnTWD 5.31bnTWD 23.7m
Operating incomeTWD 431.9m−TWD 41.0mTWD 146.6mTWD 805.6mTWD 385.1mTWD 578.1mTWD 1.97bn−TWD 115.5m
Net incomeTWD 330.3m−TWD 45.7mTWD 128.8mTWD 658.4mTWD 300.9mTWD 444.5mTWD 1.61bn−TWD 110.5m
Diluted earnings per share0.62-0.090.251.300.590.883.71-0.25
Cash from operationsTWD 622.0m−TWD 798.0mTWD 385.0mTWD 3.02bn−TWD 256.0mTWD 1.62bnTWD 2.72bn−TWD 417.0m
Capital spending−TWD 16.0m−TWD 7.0m−TWD 12.0m−TWD 266.0m−TWD 1.0m−TWD 64.0m−TWD 12.0m−TWD 7.0m
Free cash flowTWD 606.0m−TWD 805.0mTWD 373.0mTWD 2.75bn−TWD 257.0mTWD 1.56bnTWD 2.71bn−TWD 424.0m
Total assetsTWD 21.67bnTWD 22.44bnTWD 22.46bnTWD 23.56bnTWD 26.11bnTWD 27.79bnTWD 28.59bnTWD 28.71bn
Cash and short-term investmentsTWD 485.4mTWD 648.4mTWD 1.21bnTWD 1.49bnTWD 1.25bnTWD 2.28bnTWD 2.33bnTWD 1.44bn
DebtTWD 7.92bnTWD 11.15bnTWD 10.98bnTWD 8.56bnTWD 13.47bnTWD 13.43bnTWD 15.03bnTWD 16.30bn
Shareholders' equityTWD 7.53bnTWD 7.19bnTWD 7.89bnTWD 7.76bnTWD 7.10bnTWD 6.80bnTWD 7.10bnTWD 5.41bn

Financial ratios

Data as of 3 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin15.6%31.4%16.9%18.3%17.9%-17.4%
Net margin12.5%24.4%13.1%13.8%15.3%-17.9%
Return on equity19.4%18.3%4.6%4.6%11.6%-5.6%
Return on assets6.8%4.5%1.1%1.2%3.0%-1.7%
Free cash flow yield52.5%-22.1%-23.2%-15.3%-45.4%-48.5%
Revenue growth130.3%188.1%7.0%-45.9%171.8%86232.4%
Earnings growth18.0%437.7%1.3%-51.4%-332.9%123.3%
Current ratio1.87x1.43x1.44x1.87x2.26x3.13x
Debt to equity1.39x2.12x2.24x1.96x2.32x1.65x
Equity ratio35.1%24.8%24.7%26.9%25.6%30.5%
Interest coverage25.13x64.56x22.49x15.43x86.83x-33.10x
Buybacks as a share of market value-16.6%-8.8%0.0%-5.3%-9.4%-19.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue92.2%59.9%56.9%
Operating income82.3%——
Net income85.9%—112.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin20.4%19.9%17.9%16.8%
Net margin16.1%15.6%14.1%12.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings8.712.349.623.314.6-33.9-55.8-41.7-16.6-36.6
Price to sales1.13.06.53.22.26.1—13.440.25.6

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 26 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2015FY2014
Paid in the year1.3041.6560.4110.4140.3870.1550.232
  • 1050-for-1000 split · 30 Jul 2025
  • 1000-to-200 reverse split · 12 Aug 2010
  • 100-to-24.736 reverse split · 24 Feb 2006
  • 21-for-20 split · 23 Jul 1999
  • 6-for-5 split · 24 Jul 1998
  • 6-for-5 split · 26 Apr 1997

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.