P 
Paragon Technologies Co 3518.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
30.75
+3.19%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 319.9m
FY2016FY2025
Net income
−TWD 149.4m
FY2016FY2025
Free cash flow
−TWD 712.9m
FY2016FY2025
Shareholders' equity
TWD 1.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 319.9m | TWD 354.0m | TWD 382.6m | TWD 457.2m | TWD 800.1m | TWD 684.6m | TWD 546.9m | TWD 576.5m | TWD 663.9m | TWD 841.8m |
| Research and development | TWD 53.1m | TWD 70.1m | TWD 29.7m | TWD 32.4m | TWD 38.6m | TWD 38.8m | TWD 39.8m | TWD 43.9m | TWD 36.7m | TWD 40.7m |
| Operating income | −TWD 157.1m | −TWD 141.7m | −TWD 59.6m | TWD 63.4m | TWD 118.7m | TWD 15.1m | −TWD 137.2m | −TWD 285.9m | −TWD 192.5m | −TWD 352.2m |
| Net income | −TWD 149.4m | −TWD 212.1m | −TWD 48.4m | TWD 25.1m | TWD 41.3m | −TWD 55.9m | −TWD 197.5m | −TWD 338.3m | −TWD 243.1m | −TWD 416.1m |
| Diluted earnings per share | -1.55 | -2.19 | -0.58 | 0.31 | 0.52 | -0.73 | -2.50 | -4.28 | -3.13 | -5.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.25bn | TWD 2.18bn | TWD 1.56bn | TWD 1.78bn | TWD 1.88bn | TWD 2.19bn | TWD 2.10bn | TWD 2.36bn | TWD 2.56bn | TWD 2.90bn |
| Cash and short-term investments | TWD 822.5m | TWD 1.30bn | TWD 858.1m | TWD 1.10bn | TWD 920.3m | TWD 680.6m | TWD 634.0m | TWD 905.5m | TWD 963.7m | TWD 1.08bn |
| Total liabilities | TWD 842.1m | TWD 728.5m | TWD 335.5m | TWD 290.0m | TWD 461.0m | TWD 814.5m | TWD 684.9m | TWD 702.1m | TWD 529.9m | TWD 548.6m |
| Debt | TWD 724.3m | TWD 601.7m | TWD 239.6m | TWD 145.2m | TWD 270.1m | TWD 563.4m | TWD 529.5m | TWD 473.6m | TWD 293.4m | TWD 279.5m |
| Shareholders' equity | TWD 1.40bn | TWD 1.45bn | TWD 1.23bn | TWD 1.41bn | TWD 1.42bn | TWD 1.38bn | TWD 1.42bn | TWD 1.66bn | TWD 2.03bn | TWD 2.35bn |
| Shares outstanding | 96m | 97m | 84m | 80m | 79m | 77m | 79m | 79m | 78m | 80m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 100.2m | −TWD 105.2m | −TWD 51.4m | TWD 145.1m | TWD 117.3m | −TWD 6.6m | −TWD 114.0m | −TWD 20.0m | TWD 52.3m | TWD 126.1m |
| Capital spending | −TWD 612.6m | −TWD 128.2m | −TWD 70.4m | −TWD 44.5m | −TWD 25.4m | −TWD 29.3m | −TWD 10.1m | −TWD 38.2m | −TWD 37.0m | −TWD 45.4m |
| Free cash flow | −TWD 712.9m | −TWD 233.5m | −TWD 121.9m | TWD 100.6m | TWD 92.0m | −TWD 35.9m | −TWD 124.0m | −TWD 58.2m | TWD 15.3m | TWD 80.7m |
| Dividends paid | — | — | −TWD 40.4m | −TWD 79.1m | −TWD 79.1m | −TWD 79.1m | −TWD 79.1m | — | −TWD 40.1m | −TWD 83.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 53.3m | TWD 62.0m | TWD 75.9m | TWD 85.7m | TWD 84.3m | TWD 74.0m | TWD 87.6m | TWD 93.1m |
| Operating income | −TWD 59.0m | −TWD 65.7m | −TWD 51.9m | TWD 6.7m | TWD 6.7m | −TWD 68.7m | −TWD 43.2m | −TWD 57.0m |
| Net income | −TWD 3.8m | TWD 283.4m | −TWD 58.8m | −TWD 2.5m | TWD 4.2m | −TWD 90.2m | −TWD 55.4m | −TWD 64.2m |
| Diluted earnings per share | -0.03 | 2.26 | -0.61 | -0.03 | 0.04 | -0.94 | -0.57 | -0.66 |
| Cash from operations | −TWD 22.0m | TWD 71.0m | TWD 121.0m | −TWD 45.0m | TWD 64.0m | −TWD 240.0m | −TWD 9.0m | −TWD 80.0m |
| Capital spending | −TWD 40.0m | −TWD 23.0m | −TWD 103.0m | −TWD 217.0m | −TWD 234.0m | −TWD 59.0m | −TWD 67.0m | −TWD 25.0m |
| Free cash flow | −TWD 62.0m | TWD 48.0m | TWD 18.0m | −TWD 262.0m | −TWD 170.0m | −TWD 299.0m | −TWD 76.0m | −TWD 105.0m |
| Total assets | TWD 2.44bn | TWD 2.44bn | TWD 2.25bn | TWD 2.12bn | TWD 1.97bn | TWD 2.08bn | TWD 2.18bn | TWD 2.26bn |
| Cash and short-term investments | TWD 1.03bn | TWD 1.03bn | TWD 822.5m | TWD 804.0m | TWD 872.4m | TWD 1.16bn | TWD 1.30bn | TWD 1.44bn |
| Debt | TWD 469.6m | TWD 513.1m | TWD 648.4m | TWD 602.0m | TWD 479.5m | TWD 494.2m | TWD 492.4m | TWD 545.9m |
| Shareholders' equity | TWD 1.71bn | TWD 1.70bn | TWD 1.40bn | TWD 1.33bn | TWD 1.30bn | TWD 1.38bn | TWD 1.45bn | TWD 1.50bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -49.1% | -36.4% | 4.4% | 13.9% | 14.8% | 2.2% |
| Net margin | -46.7% | -59.9% | -12.7% | 5.5% | 5.2% | -8.2% |
| Return on equity | -10.7% | -14.6% | -3.9% | 1.8% | 2.9% | -4.1% |
| Return on assets | -6.7% | -9.7% | -3.1% | 1.4% | 2.2% | -2.5% |
| Free cash flow yield | 14.3% | 0.6% | 0.6% | 6.4% | 4.8% | 0.8% |
| Revenue growth | -9.6% | -7.5% | -16.3% | -42.9% | 16.9% | 25.2% |
| Earnings growth | -29.6% | 338.1% | -293.2% | -39.3% | -173.8% | -71.7% |
| Current ratio | 2.96x | 5.11x | 3.95x | 6.07x | 3.78x | 1.85x |
| Debt to equity | 0.45x | 0.34x | 0.17x | 0.07x | 0.19x | 0.45x |
| Equity ratio | 62.3% | 66.6% | 78.5% | 79.3% | 75.5% | 62.9% |
| Interest coverage | -9.00x | -12.85x | 3.60x | 10.13x | 9.11x | 0.86x |
| R&D as a share of sales | 16.6% | 19.8% | 7.8% | 7.1% | 4.8% | 5.7% |
| Buybacks as a share of market value | 0.6% | -15.4% | -5.5% | -0.4% | -3.7% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.2% | -14.1% | -12.2% |
| Operating income | — | — | -0.1% |
| Net income | — | 21.7% | -1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -44.3% | -19.5% | -5.4% | -18.9% |
| Net margin | -53.6% | -25.4% | -13.3% | -25.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.7 | -11.6 | -62.5 | 62.0 | 48.1 | -46.5 | -15.4 | -3.7 | -11.1 | -4.2 |
| Price to sales | 6.4 | 7.0 | 7.9 | 3.4 | 2.5 | 3.8 | 5.6 | 2.1 | 4.1 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Jun 2023.
| FY2023 | FY2022 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 1.00 | 0.51 | 1.044 | 1.995 | 1.00 | 0.396 | 0.472 |
- 1.01-for-1 split · 22 Aug 2013
- 21-for-20 split · 29 Aug 2012
- 1.05-for-1 split · 13 Jul 2010
- 11-for-10 split · 16 Jun 2008
- 11-for-10 split · 28 May 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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