Emerging Display Technologies 3038.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
19.15
-0.78%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 3.01bn
FY2016FY2025
Net income
TWD 163.3m
FY2016FY2025
Free cash flow
TWD 359.8m
FY2016FY2025
Shareholders' equity
TWD 2.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.01bn | TWD 3.61bn | TWD 4.39bn | TWD 4.69bn | TWD 4.18bn | TWD 3.74bn | TWD 4.11bn | TWD 2.82bn | TWD 3.01bn | TWD 3.18bn |
| Gross profit | TWD 693.2m | TWD 827.0m | TWD 1.01bn | TWD 917.4m | TWD 713.2m | TWD 785.9m | TWD 801.0m | TWD 479.4m | TWD 510.7m | TWD 627.7m |
| Research and development | TWD 163.1m | TWD 174.5m | TWD 147.4m | TWD 128.4m | TWD 117.0m | TWD 115.6m | TWD 112.9m | TWD 103.2m | TWD 96.3m | TWD 102.5m |
| Operating income | TWD 152.5m | TWD 236.7m | TWD 446.0m | TWD 511.4m | TWD 277.3m | TWD 291.1m | TWD 316.6m | TWD 62.2m | TWD 78.1m | TWD 196.2m |
| Net income | TWD 163.3m | TWD 327.9m | TWD 418.2m | TWD 420.0m | TWD 237.3m | TWD 233.5m | TWD 257.3m | TWD 111.9m | TWD 54.3m | TWD 187.8m |
| Diluted earnings per share | 1.11 | 2.21 | 2.78 | 2.83 | 1.59 | 1.58 | 1.73 | 0.72 | 0.33 | 1.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.89bn | TWD 3.97bn | TWD 4.15bn | TWD 4.29bn | TWD 3.59bn | TWD 3.61bn | TWD 3.64bn | TWD 3.39bn | TWD 3.54bn | TWD 3.45bn |
| Cash and short-term investments | TWD 1.98bn | TWD 1.87bn | TWD 1.85bn | TWD 1.69bn | TWD 1.12bn | TWD 1.46bn | TWD 1.53bn | TWD 1.36bn | TWD 1.57bn | TWD 1.58bn |
| Total liabilities | TWD 1.27bn | TWD 1.25bn | TWD 1.53bn | TWD 1.96bn | TWD 1.52bn | TWD 1.63bn | TWD 1.68bn | TWD 1.58bn | TWD 1.62bn | TWD 1.41bn |
| Debt | TWD 456.9m | TWD 368.0m | TWD 455.3m | TWD 737.5m | TWD 478.8m | TWD 770.4m | TWD 798.3m | TWD 769.6m | TWD 956.4m | TWD 714.2m |
| Shareholders' equity | TWD 2.58bn | TWD 2.68bn | TWD 2.59bn | TWD 2.27bn | TWD 2.03bn | TWD 1.94bn | TWD 1.89bn | TWD 1.74bn | TWD 1.84bn | TWD 1.96bn |
| Shares outstanding | 146m | 148m | 150m | 149m | 149m | 148m | 149m | 155m | 165m | 180m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 431.7m | TWD 483.2m | TWD 667.7m | TWD 750.7m | TWD 150.0m | TWD 163.9m | TWD 396.1m | TWD 290.0m | −TWD 98.2m | TWD 401.2m |
| Capital spending | −TWD 71.9m | −TWD 106.4m | −TWD 123.6m | −TWD 165.7m | −TWD 53.4m | −TWD 34.5m | −TWD 39.7m | −TWD 120.8m | −TWD 34.2m | −TWD 33.7m |
| Free cash flow | TWD 359.8m | TWD 376.8m | TWD 544.1m | TWD 585.0m | TWD 96.6m | TWD 129.3m | TWD 356.4m | TWD 169.2m | −TWD 132.3m | TWD 367.4m |
| Dividends paid | −TWD 222.9m | −TWD 237.8m | −TWD 237.8m | −TWD 178.3m | −TWD 178.3m | −TWD 178.3m | −TWD 74.3m | −TWD 65.9m | −TWD 66.4m | −TWD 57.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 716.5m | TWD 732.4m | TWD 678.6m | TWD 765.5m | TWD 780.7m | TWD 785.8m | TWD 846.4m | TWD 870.6m |
| Gross profit | TWD 149.5m | TWD 162.3m | TWD 141.6m | TWD 173.6m | TWD 191.3m | TWD 186.6m | TWD 186.8m | TWD 209.3m |
| Operating income | TWD 13.5m | TWD 40.9m | −TWD 4.5m | TWD 35.9m | TWD 64.1m | TWD 56.9m | TWD 20.1m | TWD 79.4m |
| Net income | TWD 39.4m | TWD 52.9m | TWD 41.3m | TWD 79.7m | −TWD 34.3m | TWD 76.6m | TWD 52.6m | TWD 72.6m |
| Diluted earnings per share | 0.28 | 0.37 | 0.28 | 0.54 | -0.23 | 0.52 | 0.35 | 0.49 |
| Cash from operations | TWD 82.0m | −TWD 81.0m | TWD 142.0m | TWD 202.0m | −TWD 79.0m | TWD 166.0m | TWD 109.0m | TWD 191.0m |
| Capital spending | −TWD 27.0m | −TWD 5.0m | −TWD 12.0m | −TWD 22.0m | −TWD 27.0m | −TWD 10.0m | −TWD 29.0m | −TWD 13.0m |
| Free cash flow | TWD 55.0m | −TWD 86.0m | TWD 130.0m | TWD 180.0m | −TWD 106.0m | TWD 156.0m | TWD 80.0m | TWD 178.0m |
| Total assets | TWD 3.85bn | TWD 3.81bn | TWD 3.89bn | TWD 3.88bn | TWD 3.67bn | TWD 3.82bn | TWD 3.97bn | TWD 3.98bn |
| Cash and short-term investments | TWD 1.76bn | TWD 1.83bn | TWD 1.98bn | TWD 1.88bn | TWD 1.66bn | TWD 1.97bn | TWD 1.87bn | TWD 1.83bn |
| Debt | TWD 460.5m | TWD 411.3m | TWD 410.9m | TWD 410.6m | TWD 410.5m | TWD 263.2m | TWD 311.3m | TWD 310.9m |
| Shareholders' equity | TWD 2.50bn | TWD 2.40bn | TWD 2.58bn | TWD 2.55bn | TWD 2.43bn | TWD 2.52bn | TWD 2.68bn | TWD 2.67bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.0% | 22.9% | 23.0% | 19.6% | 17.0% | 21.0% |
| Operating margin | 6.0% | 11.2% | 11.8% | 10.9% | 6.6% | 7.6% |
| Net margin | 5.4% | 9.1% | 9.5% | 9.0% | 5.7% | 6.2% |
| Return on equity | 6.3% | 12.3% | 16.2% | 18.5% | 11.7% | 12.0% |
| Return on assets | 4.2% | 8.3% | 10.1% | 9.8% | 6.6% | 6.5% |
| Free cash flow yield | 17.1% | 19.8% | 26.2% | 30.7% | 6.8% | 6.7% |
| Revenue growth | -16.5% | -17.8% | -6.5% | 12.2% | 11.9% | -9.0% |
| Earnings growth | -50.2% | -21.6% | -0.4% | 77.0% | 1.6% | -9.3% |
| Current ratio | 4.00x | 3.93x | 3.42x | 2.48x | 3.14x | 2.04x |
| Debt to equity | 0.16x | 0.12x | 0.16x | 0.30x | 0.20x | 0.37x |
| Equity ratio | 66.4% | 67.4% | 62.3% | 52.9% | 56.5% | 53.7% |
| Interest coverage | 15.71x | 36.97x | 40.86x | 49.28x | 30.20x | 25.12x |
| R&D as a share of sales | 5.4% | 4.8% | 3.4% | 2.7% | 2.8% | 3.1% |
| Buybacks as a share of market value | 1.1% | 1.4% | -1.1% | 0.6% | -0.9% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.8% | -4.2% | -1.4% |
| Operating income | -33.2% | -12.1% | -4.2% |
| Net income | -27.0% | -6.9% | -4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.0% | 22.0% | 20.9% | 20.0% |
| Operating margin | 5.9% | 8.6% | 8.1% | 7.0% |
| Net margin | 7.4% | 8.5% | 7.6% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.9 | 12.9 | 10.8 | 7.2 | 12.3 | 12.2 | 10.2 | 13.2 | 30.4 | 9.4 |
| Price to sales | 1.1 | 1.2 | 1.0 | 0.6 | 0.7 | 0.8 | 0.6 | 0.5 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 27 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.50 | 1.60 | 1.60 | 1.20 | 1.20 | 1.20 | 0.50 | 0.408 |
- 21-for-20 split · 13 Aug 2007
- 1-to-1 reverse split · 20 Jul 2007
- 1.097-for-1 split · 3 Aug 2006
- 11-for-10 split · 9 Aug 2005
- 1.162-for-1 split · 18 Aug 2004
- 11-for-10 split · 29 Jul 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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