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Aces Electronics Co 3605.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

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117.50

-9.62%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 10.86bn

FY2016FY2025

Net income

TWD 661.2m

FY2016FY2025

Free cash flow

−TWD 101.0m

FY2016FY2025

Shareholders' equity

TWD 7.93bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 10.86bnTWD 9.77bnTWD 8.49bnTWD 10.39bnTWD 10.58bnTWD 8.06bnTWD 7.31bnTWD 6.71bnTWD 5.67bnTWD 5.18bn
Gross profitTWD 2.82bnTWD 2.32bnTWD 1.75bnTWD 2.23bnTWD 2.43bnTWD 1.84bnTWD 1.67bnTWD 1.37bnTWD 1.09bnTWD 1.22bn
Research and developmentTWD 615.3mTWD 592.5mTWD 621.3mTWD 573.9mTWD 481.4mTWD 364.7mTWD 344.9mTWD 343.7mTWD 300.5mTWD 276.9m
Operating incomeTWD 596.6mTWD 498.4m−TWD 330.7mTWD 400.6mTWD 627.9mTWD 355.9mTWD 396.1mTWD 169.7mTWD 75.3mTWD 246.6m
Net incomeTWD 661.2mTWD 344.1m−TWD 266.5mTWD 225.3mTWD 510.9mTWD 276.4mTWD 311.5mTWD 234.8mTWD 75.2mTWD 192.4m
Diluted earnings per share4.332.42-1.981.683.502.252.551.910.621.57

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 14.85bnTWD 13.60bnTWD 12.25bnTWD 12.84bnTWD 12.87bnTWD 10.30bnTWD 9.33bnTWD 8.54bnTWD 8.04bnTWD 7.08bn
Cash and short-term investmentsTWD 2.55bnTWD 2.00bnTWD 2.06bnTWD 2.46bnTWD 2.73bnTWD 2.10bnTWD 1.70bnTWD 2.27bnTWD 2.16bnTWD 1.84bn
Total liabilitiesTWD 6.92bnTWD 7.13bnTWD 6.99bnTWD 7.19bnTWD 7.34bnTWD 5.73bnTWD 4.99bnTWD 4.27bnTWD 3.80bnTWD 2.84bn
DebtTWD 3.19bnTWD 3.56bnTWD 4.14bnTWD 3.89bnTWD 3.52bnTWD 2.82bnTWD 2.18bnTWD 2.01bnTWD 1.61bnTWD 867.9m
Shareholders' equityTWD 7.93bnTWD 6.46bnTWD 5.25bnTWD 5.64bnTWD 5.51bnTWD 4.49bnTWD 4.24bnTWD 4.17bnTWD 4.02bnTWD 4.02bn
Shares outstanding153m142m134m134m146m123m122m123m121m122m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 1.21bnTWD 1.02bnTWD 663.3mTWD 1.14bnTWD 1.04bnTWD 791.3mTWD 684.6mTWD 303.6mTWD 455.6mTWD 180.9m
Capital spending−TWD 1.31bn−TWD 1.29bn−TWD 998.2m−TWD 1.15bn−TWD 1.05bn−TWD 652.7m−TWD 949.0m−TWD 339.1m−TWD 356.3m−TWD 378.9m
Free cash flow−TWD 101.0m−TWD 269.0m−TWD 334.9m−TWD 15.4m−TWD 12.8mTWD 138.7m−TWD 264.5m−TWD 35.6mTWD 99.3m−TWD 198.1m
Dividends paid−TWD 111.5m—−TWD 73.9m−TWD 201.6m−TWD 85.7m−TWD 91.8m−TWD 85.7m−TWD 49.0m−TWD 73.4m−TWD 49.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 3.35bnTWD 2.82bnTWD 2.71bnTWD 2.79bnTWD 2.79bnTWD 2.58bnTWD 2.68bnTWD 2.69bn
Gross profitTWD 859.0mTWD 627.7mTWD 721.5mTWD 729.4mTWD 736.2mTWD 636.5mTWD 669.6mTWD 684.2m
Operating incomeTWD 246.0mTWD 147.5mTWD 145.8mTWD 178.0mTWD 202.8mTWD 131.5mTWD 125.0mTWD 154.9m
Net incomeTWD 200.8mTWD 107.7mTWD 134.1mTWD 223.9mTWD 101.4mTWD 201.9mTWD 144.6mTWD 129.3m
Diluted earnings per share1.220.650.881.470.661.321.020.91
Cash from operations—TWD 239.0mTWD 326.0mTWD 261.0mTWD 253.0mTWD 368.0mTWD 444.0mTWD 391.0m
Capital spending—−TWD 205.0m−TWD 333.0m−TWD 335.0m−TWD 254.0m−TWD 414.0m−TWD 344.0m−TWD 236.0m
Free cash flow—TWD 34.0m−TWD 7.0m−TWD 74.0m−TWD 1.0m−TWD 46.0mTWD 100.0mTWD 155.0m
Total assets—TWD 15.20bnTWD 14.85bnTWD 14.14bnTWD 13.20bnTWD 13.73bnTWD 13.60bnTWD 13.34bn
Cash and short-term investments—TWD 2.67bnTWD 2.55bnTWD 2.19bnTWD 1.95bnTWD 2.21bnTWD 2.00bnTWD 1.90bn
Debt—TWD 3.19bnTWD 3.26bnTWD 3.11bnTWD 3.46bnTWD 3.15bnTWD 3.46bnTWD 3.91bn
Shareholders' equity—TWD 7.96bnTWD 7.93bnTWD 7.38bnTWD 6.13bnTWD 6.91bnTWD 6.46bnTWD 5.99bn

Financial ratios

Data as of 5 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin26.0%23.8%20.6%21.5%23.0%22.8%
Operating margin5.5%5.1%-3.9%3.9%5.9%4.4%
Net margin6.1%3.5%-3.1%2.2%4.8%3.4%
Return on equity8.3%5.3%-5.1%4.0%9.3%6.2%
Return on assets4.5%2.5%-2.2%1.8%4.0%2.7%
Free cash flow yield9.8%9.7%7.4%10.1%8.5%7.0%
Revenue growth11.1%15.1%-18.3%-1.7%31.2%10.3%
Earnings growth92.2%-229.1%-218.3%-55.9%84.8%-11.3%
Current ratio1.87x1.95x1.32x1.30x1.67x1.54x
Debt to equity0.40x0.54x0.77x0.68x0.62x0.60x
Equity ratio53.4%47.5%42.9%43.9%42.8%43.6%
Interest coverage7.55x4.81x-3.04x4.71x13.71x10.22x
R&D as a share of sales5.7%6.1%7.3%5.5%4.6%4.5%
Buybacks as a share of market value-7.4%-5.8%0.0%8.0%-19.1%-0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.5%6.1%10.6%
Operating income14.2%10.9%25.0%
Net income43.2%19.1%16.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.9%23.1%23.0%22.7%
Operating margin5.3%2.9%3.7%3.6%
Net margin4.9%2.4%3.0%3.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings14.420.1-16.319.014.918.812.111.940.715.7
Price to sales0.90.70.50.40.70.60.50.40.50.6

Dividends and splits

Per share, in the currency the company pays

Paid for 1 years. Last went ex-dividend on 4 Sept 2025.

FY2025FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Paid in the year0.7210.551.500.6880.7370.6880.3930.59
  • 1.299-for-1 split · 15 Sept 2010
  • 11-for-10 split · 1 Sept 2009
  • 11-for-10 split · 30 Sept 2008

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.