GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
T

TST Group Holding 4439.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

Compare

96.20

+2.23%

Close of 9 Nov 2026, in TWD

Search any instrument

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 7.00bn

FY2016FY2025

Net income

TWD 294.1m

FY2016FY2025

Free cash flow

−TWD 12.8m

FY2016FY2025

Shareholders' equity

TWD 3.36bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 7.00bnTWD 5.42bnTWD 5.19bnTWD 7.43bnTWD 7.42bnTWD 5.39bnTWD 7.36bnTWD 5.77bnTWD 4.41bnTWD 4.05bn
Gross profitTWD 1.26bnTWD 882.4mTWD 1.24bnTWD 1.26bnTWD 1.08bnTWD 1.17bnTWD 1.28bnTWD 883.9mTWD 811.6mTWD 675.1m
Research and developmentTWD 7.1mTWD 4.3mTWD 6.7mTWD 14.7mTWD 11.1mTWD 15.7mTWD 18.2mTWD 10.7mTWD 7.2m—
Operating incomeTWD 421.1mTWD 174.4mTWD 499.2mTWD 543.5mTWD 399.3mTWD 560.6mTWD 547.0mTWD 359.2mTWD 333.7mTWD 268.9m
Net incomeTWD 294.1mTWD 65.7mTWD 408.2mTWD 442.0mTWD 336.1mTWD 416.0mTWD 388.1mTWD 263.3mTWD 259.2mTWD 189.8m
Diluted earnings per share7.721.7310.6611.688.9211.0211.097.846.875.03

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 6.20bnTWD 5.77bnTWD 4.98bnTWD 4.31bnTWD 4.86bnTWD 4.02bnTWD 4.03bnTWD 2.77bnTWD 2.11bnTWD 2.46bn
Cash and short-term investmentsTWD 537.9mTWD 487.8mTWD 503.4mTWD 907.4mTWD 740.5mTWD 1.25bnTWD 1.12bnTWD 276.7mTWD 174.4mTWD 306.0m
Total liabilitiesTWD 2.85bnTWD 2.52bnTWD 1.82bnTWD 1.29bnTWD 2.36bnTWD 1.60bnTWD 1.69bnTWD 1.83bnTWD 1.31bnTWD 1.63bn
DebtTWD 1.54bnTWD 1.40bnTWD 833.4mTWD 197.0mTWD 787.7mTWD 391.0mTWD 390.5mTWD 657.1mTWD 377.4mTWD 648.8m
Shareholders' equityTWD 3.36bnTWD 3.25bnTWD 3.16bnTWD 3.03bnTWD 2.49bnTWD 2.41bnTWD 2.34bnTWD 937.5mTWD 804.3mTWD 829.3m
Shares outstanding38m38m38m38m38m38m35m34m38m38m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 322.8mTWD 23.3mTWD 522.5mTWD 875.3m−TWD 281.5mTWD 803.6mTWD 801.3mTWD 208.3mTWD 370.8mTWD 503.0m
Capital spending−TWD 335.6m−TWD 514.1m−TWD 1.06bn−TWD 494.4m−TWD 143.7m−TWD 85.7m−TWD 396.3m−TWD 152.1m−TWD 122.8m−TWD 67.4m
Free cash flow−TWD 12.8m−TWD 490.8m−TWD 541.5mTWD 380.9m−TWD 425.2mTWD 717.9mTWD 405.0mTWD 56.3mTWD 248.0mTWD 435.6m
Dividends paid−TWD 81.1m−TWD 148.3m−TWD 268.1m−TWD 141.1m−TWD 203.8m−TWD 252.0m−TWD 187.2m−TWD 194.6m−TWD 151.1m−TWD 87.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 2.33bnTWD 1.81bnTWD 1.38bnTWD 1.91bnTWD 1.94bnTWD 1.78bnTWD 1.10bnTWD 1.39bn
Gross profitTWD 421.4mTWD 351.2mTWD 215.0mTWD 396.6mTWD 334.1mTWD 309.9mTWD 117.7mTWD 208.2m
Operating incomeTWD 153.1mTWD 137.5mTWD 17.2mTWD 179.3mTWD 109.9mTWD 116.5m−TWD 67.6mTWD 34.0m
Net incomeTWD 110.9mTWD 98.7mTWD 903,000TWD 142.2mTWD 72.9mTWD 78.0m−TWD 71.8mTWD 30.1m
Diluted earnings per share2.942.610.023.731.912.05-1.890.79
Cash from operations−TWD 71.0m−TWD 50.0m−TWD 85.0mTWD 285.0mTWD 374.0m−TWD 207.0m−TWD 170.0mTWD 296.0m
Capital spending−TWD 138.0m−TWD 115.0m−TWD 51.0m−TWD 31.0m−TWD 130.0m−TWD 125.0m−TWD 107.0m−TWD 142.0m
Free cash flow−TWD 209.0m−TWD 165.0m−TWD 136.0mTWD 254.0mTWD 244.0m−TWD 332.0m−TWD 277.0mTWD 154.0m
Total assetsTWD 7.31bnTWD 6.69bnTWD 6.20bnTWD 6.22bnTWD 5.88bnTWD 6.84bnTWD 5.77bnTWD 5.58bn
Cash and short-term investmentsTWD 426.4mTWD 626.8mTWD 537.9mTWD 580.2mTWD 448.6mTWD 1.06bnTWD 487.8mTWD 509.4m
DebtTWD 1.75bnTWD 1.72bnTWD 1.56bnTWD 1.41bnTWD 1.44bnTWD 2.15bnTWD 1.37bnTWD 1.09bn
Shareholders' equityTWD 3.44bnTWD 3.53bnTWD 3.36bnTWD 3.22bnTWD 2.95bnTWD 3.42bnTWD 3.25bnTWD 3.24bn

Financial ratios

Data as of 23 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin17.9%16.3%23.9%17.0%14.6%21.7%
Operating margin6.0%3.1%10.3%7.3%5.6%10.1%
Net margin4.2%1.2%7.9%6.0%4.5%7.7%
Return on equity8.8%2.0%12.9%14.6%13.5%17.2%
Return on assets4.7%1.1%8.2%10.3%6.9%10.4%
Free cash flow yield17.4%14.2%41.7%36.4%-3.7%23.7%
Revenue growth29.3%4.4%-30.2%0.1%37.7%-26.8%
Earnings growth347.9%-83.9%-7.7%31.5%-19.2%7.2%
Current ratio1.52x1.68x1.75x2.25x1.65x1.97x
Debt to equity0.46x0.42x0.22x0.04x0.29x0.13x
Equity ratio54.1%56.4%63.4%70.2%51.3%60.1%
Interest coverage6.22x2.80x44.37x57.84x68.67x74.31x
R&D as a share of sales0.1%0.1%0.1%0.2%0.1%0.3%
Buybacks as a share of market value-0.2%0.7%-1.2%-0.4%0.2%-7.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.2%5.2%—
Operating income-8.2%-5.6%—
Net income-12.7%-6.7%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.2%18.5%18.2%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings13.864.311.98.512.711.413.8
Price to sales0.60.80.90.50.60.90.7

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 30 Jul 2025.

FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year2.004.007.004.505.4176.699
  • 6-for-5 split · 12 Jul 2022

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.