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I

International Carbide Technology Co 4754.TWO · TWD

Materials · Taipei Exchange · 🇹🇼 Taiwan

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37.55

+4.02%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 622.8m

FY2016FY2025

Net income

TWD 87.0m

FY2016FY2025

Free cash flow

TWD 120.7m

FY2016FY2025

Shareholders' equity

TWD 535.5m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 622.8mTWD 631.7mTWD 643.9mTWD 477.0mTWD 536.9mTWD 508.7mTWD 571.7mTWD 495.8mTWD 423.8mTWD 409.3m
Gross profitTWD 294.4mTWD 279.7mTWD 237.3mTWD 185.8mTWD 213.0mTWD 191.9mTWD 215.4mTWD 183.4mTWD 155.4mTWD 165.4m
Research and developmentTWD 57.5mTWD 53.2mTWD 42.4mTWD 38.1mTWD 47.6mTWD 39.4mTWD 44.1mTWD 38.2mTWD 27.7mTWD 30.9m
Operating incomeTWD 111.4mTWD 101.7mTWD 85.1mTWD 74.4mTWD 78.6mTWD 73.8mTWD 84.4mTWD 69.0mTWD 56.7mTWD 55.9m
Net incomeTWD 87.0mTWD 79.6mTWD 68.2mTWD 57.2mTWD 60.0mTWD 54.3mTWD 64.1mTWD 65.5mTWD 46.1mTWD 47.4m
Diluted earnings per share2.872.632.251.891.981.782.092.131.511.69

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 908.7mTWD 832.8mTWD 812.2mTWD 738.8mTWD 717.8mTWD 682.8mTWD 703.4mTWD 738.9mTWD 439.3mTWD 419.7m
Cash and short-term investments—————TWD 164.5mTWD 156.6mTWD 154.3mTWD 225.1mTWD 230.8m
Total liabilitiesTWD 373.2mTWD 323.5mTWD 331.4mTWD 303.0mTWD 317.6mTWD 330.2mTWD 375.9mTWD 450.2mTWD 174.3mTWD 160.6m
DebtTWD 129.2mTWD 138.1mTWD 144.3mTWD 162.3mTWD 178.7mTWD 215.9mTWD 229.4mTWD 259.7mTWD 631,000TWD 764,000
Shareholders' equityTWD 535.5mTWD 509.3mTWD 480.8mTWD 435.8mTWD 400.2mTWD 352.5mTWD 327.5mTWD 288.8mTWD 265.0mTWD 259.0m
Shares outstanding30m30m30m30m30m31m31m31m31m28m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 131.3mTWD 129.6mTWD 78.9mTWD 40.1m−TWD 7.9mTWD 58.9mTWD 70.1mTWD 63.1mTWD 52.0mTWD 48.1m
Capital spending−TWD 10.6m−TWD 16.6m−TWD 6.8m−TWD 3.8m−TWD 6.0m−TWD 6.6m−TWD 17.8m−TWD 339.5m−TWD 5.0m−TWD 4.4m
Free cash flowTWD 120.7mTWD 112.9mTWD 72.1mTWD 36.4m−TWD 13.9mTWD 52.3mTWD 52.3m−TWD 276.4mTWD 47.1mTWD 43.7m
Dividends paid−TWD 60.6m−TWD 54.5m−TWD 22.0m−TWD 25.0m−TWD 10.8m−TWD 28.1m−TWD 23.4m−TWD 40.6m−TWD 40.6m−TWD 27.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 194.7mTWD 156.5mTWD 128.9mTWD 143.4mTWD 155.8mTWD 194.7mTWD 146.2mTWD 157.4m
Gross profitTWD 100.9mTWD 77.1mTWD 60.9mTWD 65.7mTWD 79.3mTWD 88.5mTWD 64.6mTWD 70.8m
Operating incomeTWD 48.8mTWD 36.9m—TWD 29.9mTWD 35.8mTWD 44.4mTWD 12.5mTWD 23.4m
Net incomeTWD 38.1mTWD 28.8mTWD 7.4mTWD 23.6mTWD 21.1mTWD 34.8mTWD 9.5mTWD 18.4m
Diluted earnings per share1.260.950.240.780.701.150.310.61
Cash from operationsTWD 51.0m−TWD 2.0mTWD 63.0mTWD 9.0mTWD 26.0mTWD 31.0mTWD 52.0mTWD 37.0m
Capital spending——−TWD 5.0m—−TWD 1.0m−TWD 3.0m−TWD 4.0m−TWD 6.0m
Free cash flow——TWD 58.0m—TWD 25.0mTWD 28.0mTWD 48.0mTWD 31.0m
Total assetsTWD 1.06bnTWD 1.01bnTWD 908.7mTWD 816.6mTWD 856.3mTWD 857.9mTWD 832.8mTWD 799.9m
DebtTWD 124.7mTWD 127.0mTWD 129.2mTWD 131.5mTWD 133.7mTWD 135.9mTWD 138.1mTWD 140.3m
Shareholders' equityTWD 535.3mTWD 566.1mTWD 535.5mTWD 525.2mTWD 499.0mTWD 545.6mTWD 509.3mTWD 499.6m

Financial ratios

Data as of 5 Nov 2026

FY2025FY2024FY2023FY2022FY2021
Gross margin47.3%44.3%36.9%38.9%39.7%
Operating margin18.0%16.3%13.6%15.8%14.6%
Net margin14.0%12.6%10.6%12.0%11.2%
Return on equity16.2%15.6%14.2%13.1%15.0%
Return on assets9.6%9.6%8.4%7.7%8.4%
Revenue growth-1.4%-1.9%35.0%-11.2%—
Earnings growth9.3%16.8%19.1%-4.6%—
Current ratio2.18x2.72x2.71x2.94x2.80x
Debt to equity0.24x0.27x0.30x0.37x0.45x
Equity ratio58.9%61.2%59.2%59.0%55.8%
Interest coverage37.48x32.20x26.28x28.77x34.46x
R&D as a share of sales9.2%8.4%6.6%8.0%8.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.3%4.1%5.6%
Operating income14.4%8.6%11.0%
Net income15.0%9.9%9.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin45.8%42.0%41.0%39.8%
Operating margin17.0%15.7%15.3%14.6%
Net margin13.3%12.3%11.9%11.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.415.819.116.815.717.515.611.913.816.3
Price to sales1.92.02.02.01.81.91.81.61.51.9

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 15 Jul 2025.

FY2025FY2024FY2023FY2022
Paid in the year2.001.800.800.909
  • 1100-for-1000 split · 25 Aug 2023
  • 1100-for-1000 split · 19 Aug 2022
  • 1160-for-1000 split · 9 Aug 2021
  • 1150-for-1000 split · 28 Jul 2020
  • 1200-for-1000 split · 24 Jul 2019
  • 1036-for-1000 split · 18 Aug 2014

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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