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AzureWave Technologies 3694.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
41.85
+7.03%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 11.41bn
FY2016FY2025
Net income
TWD 615.2m
FY2016FY2025
Free cash flow
TWD 529.3m
FY2016FY2025
Shareholders' equity
TWD 3.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 11.41bn | TWD 9.25bn | TWD 9.53bn | TWD 10.07bn | TWD 11.45bn | TWD 9.59bn | TWD 7.68bn | TWD 6.92bn | TWD 6.23bn | TWD 6.14bn |
| Gross profit | TWD 1.67bn | TWD 1.34bn | TWD 1.27bn | TWD 1.24bn | TWD 1.21bn | TWD 1.17bn | TWD 761.4m | TWD 716.8m | TWD 781.0m | TWD 929.5m |
| Research and development | TWD 575.0m | TWD 545.0m | TWD 530.4m | TWD 511.8m | TWD 473.2m | TWD 414.1m | TWD 410.0m | TWD 386.5m | TWD 373.1m | TWD 353.8m |
| Operating income | TWD 564.6m | TWD 352.9m | TWD 314.3m | TWD 310.1m | TWD 287.1m | TWD 331.7m | −TWD 63.2m | −TWD 102.8m | TWD 44.6m | TWD 139.5m |
| Net income | TWD 615.2m | TWD 417.0m | TWD 333.4m | TWD 295.1m | TWD 308.9m | TWD 304.1m | −TWD 165.6m | −TWD 118.4m | TWD 34.3m | TWD 77.9m |
| Diluted earnings per share | 4.01 | 2.73 | 2.18 | 1.92 | 2.05 | 2.02 | -1.15 | -0.77 | 0.26 | 0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 7.17bn | TWD 6.28bn | TWD 5.52bn | TWD 5.64bn | TWD 6.40bn | TWD 5.93bn | TWD 4.97bn | TWD 4.46bn | TWD 3.72bn | TWD 3.18bn |
| Cash and short-term investments | TWD 2.49bn | TWD 2.17bn | TWD 1.17bn | TWD 477.0m | TWD 273.9m | TWD 470.1m | TWD 291.6m | TWD 242.2m | TWD 268.2m | TWD 467.2m |
| Total liabilities | TWD 3.51bn | TWD 2.87bn | TWD 2.57bn | TWD 3.02bn | TWD 4.32bn | TWD 4.10bn | TWD 3.36bn | TWD 2.71bn | TWD 2.11bn | TWD 1.60bn |
| Debt | TWD 304.9m | TWD 156.0m | TWD 208.0m | TWD 558.3m | TWD 1.32bn | TWD 1.03bn | TWD 1.10bn | TWD 1.09bn | TWD 680.3m | TWD 261.3m |
| Shareholders' equity | TWD 3.67bn | TWD 3.40bn | TWD 2.95bn | TWD 2.62bn | TWD 2.09bn | TWD 1.83bn | TWD 1.61bn | TWD 1.75bn | TWD 1.61bn | TWD 1.58bn |
| Shares outstanding | 153m | 153m | 153m | 153m | 150m | 150m | 144m | 153m | 134m | 131m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 801.1m | TWD 1.38bn | TWD 1.23bn | TWD 1.07bn | −TWD 122.4m | TWD 545.6m | TWD 743.4m | −TWD 104.4m | −TWD 65.3m | TWD 713.0m |
| Capital spending | −TWD 271.8m | −TWD 241.1m | −TWD 70.1m | −TWD 148.1m | −TWD 511.2m | −TWD 305.3m | −TWD 417.1m | −TWD 613.2m | −TWD 573.7m | −TWD 342.7m |
| Free cash flow | TWD 529.3m | TWD 1.13bn | TWD 1.16bn | TWD 917.7m | −TWD 633.5m | TWD 240.4m | TWD 326.4m | −TWD 717.6m | −TWD 639.0m | TWD 370.4m |
| Dividends paid | −TWD 228.8m | −TWD 152.6m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 2.89bn | TWD 3.02bn | TWD 2.55bn | TWD 3.39bn | TWD 3.08bn | TWD 2.39bn | TWD 2.27bn | TWD 2.54bn |
| Gross profit | TWD 370.9m | TWD 445.8m | TWD 390.6m | TWD 485.1m | TWD 430.6m | TWD 362.0m | TWD 339.8m | TWD 373.9m |
| Operating income | TWD 100.5m | TWD 144.3m | TWD 95.0m | TWD 210.6m | TWD 162.4m | TWD 96.6m | TWD 79.2m | TWD 127.5m |
| Net income | TWD 123.0m | TWD 155.5m | TWD 116.5m | TWD 217.8m | TWD 163.9m | TWD 117.0m | TWD 93.8m | TWD 140.6m |
| Diluted earnings per share | 0.79 | 1.00 | 0.76 | 1.42 | 1.07 | 0.76 | 0.61 | 0.92 |
| Cash from operations | TWD 326.0m | −TWD 322.0m | TWD 528.0m | TWD 262.0m | −TWD 244.0m | TWD 254.0m | TWD 459.0m | TWD 292.0m |
| Capital spending | −TWD 59.0m | −TWD 75.0m | −TWD 66.0m | −TWD 65.0m | −TWD 83.0m | −TWD 68.0m | −TWD 99.0m | −TWD 71.0m |
| Free cash flow | TWD 267.0m | −TWD 397.0m | TWD 462.0m | TWD 197.0m | −TWD 327.0m | TWD 186.0m | TWD 360.0m | TWD 221.0m |
| Total assets | TWD 8.16bn | TWD 7.84bn | TWD 7.17bn | TWD 7.72bn | TWD 7.37bn | TWD 6.87bn | TWD 6.28bn | TWD 6.04bn |
| Cash and short-term investments | TWD 2.24bn | TWD 2.02bn | TWD 2.49bn | TWD 2.10bn | TWD 1.87bn | TWD 2.36bn | TWD 2.17bn | TWD 1.78bn |
| Debt | TWD 426.1m | TWD 201.9m | TWD 369.8m | TWD 441.9m | TWD 224.9m | TWD 160.2m | TWD 154.8m | TWD 143.8m |
| Shareholders' equity | TWD 3.66bn | TWD 3.90bn | TWD 3.67bn | TWD 3.46bn | TWD 3.10bn | TWD 3.56bn | TWD 3.40bn | TWD 3.20bn |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.6% | 14.5% | 13.3% | 12.3% | 10.6% | 12.2% |
| Operating margin | 5.8% | 4.8% | 3.7% | 3.2% | 3.0% | 3.4% |
| Net margin | 5.4% | 4.5% | 3.5% | 2.9% | 2.7% | 3.2% |
| Return on equity | 16.8% | 12.3% | 11.3% | 11.3% | 14.8% | 16.6% |
| Return on assets | 8.6% | 6.6% | 6.0% | 5.2% | 4.8% | 5.1% |
| Free cash flow yield | 13.9% | 20.9% | 16.9% | 15.7% | 5.1% | 11.2% |
| Revenue growth | 23.4% | -2.9% | -5.3% | -12.0% | 19.3% | 24.9% |
| Earnings growth | 47.5% | 25.1% | 13.0% | -4.5% | 1.6% | -283.6% |
| Current ratio | 1.73x | 1.85x | 1.81x | 1.48x | 1.17x | 1.10x |
| Debt to equity | 0.08x | 0.02x | 0.03x | 0.17x | 0.56x | 0.45x |
| Equity ratio | 51.1% | 54.2% | 53.4% | 46.4% | 32.6% | 30.9% |
| Interest coverage | 66.09x | 43.58x | 27.41x | 13.26x | 17.53x | 15.25x |
| R&D as a share of sales | 5.0% | 5.9% | 5.6% | 5.1% | 4.1% | 4.3% |
| Buybacks as a share of market value | -0.3% | -0.1% | 0.4% | -2.0% | 0.0% | -4.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 3.5% | 5.6% |
| Operating income | 22.1% | 11.2% | 23.7% |
| Net income | 27.7% | 15.1% | 31.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.6% | 13.7% | 12.9% | 12.7% |
| Operating margin | 4.4% | 3.8% | 3.5% | 2.4% |
| Net margin | 5.0% | 4.1% | 3.7% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.0 | 20.6 | 22.0 | 10.1 | 13.2 | 13.9 | -15.5 | -26.6 | 65.5 | 23.5 |
| Price to sales | 0.8 | 0.9 | 0.8 | 0.3 | 0.4 | 0.4 | 0.3 | 0.5 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 23 Jul 2025.
| FY2025 | FY2024 | FY2011 | FY2010 | |
|---|---|---|---|---|
| Paid in the year | 1.477 | 1.00 | 1.476 | 1.341 |
- 11-for-10 split · 15 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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