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GCS Holdings 4991.TWO · TWD

Information Technology · Taipei Exchange · 🇹🇼 Taiwan

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320.00

+9.97%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 2.20bn

FY2016FY2025

Net income

TWD 17.5m

FY2016FY2025

Free cash flow

TWD 335.6m

FY2016FY2025

Shareholders' equity

TWD 3.24bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 2.20bnTWD 1.75bnTWD 1.35bnTWD 1.33bnTWD 1.24bnTWD 1.48bnTWD 1.79bnTWD 1.95bnTWD 1.93bnTWD 1.82bn
Gross profitTWD 1.03bnTWD 663.0mTWD 237.3mTWD 314.9mTWD 345.1mTWD 613.7mTWD 809.9mTWD 897.7mTWD 895.9mTWD 817.2m
Research and developmentTWD 275.3mTWD 230.1mTWD 246.0mTWD 175.0mTWD 160.6mTWD 182.6mTWD 178.4mTWD 189.0mTWD 163.1mTWD 167.7m
Operating incomeTWD 400.0mTWD 186.6m−TWD 227.0m−TWD 912.6m−TWD 381.7m−TWD 100.9mTWD 336.8mTWD 391.9mTWD 449.6mTWD 305.2m
Net incomeTWD 17.5m−TWD 237.0m−TWD 792.2m−TWD 939.7m−TWD 378.5m−TWD 113.9mTWD 267.6mTWD 320.3mTWD 357.0mTWD 289.9m
Diluted earnings per share0.15-2.13-7.12-8.52-4.70-1.293.013.984.724.08

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 3.85bnTWD 3.51bnTWD 3.59bnTWD 4.52bnTWD 4.90bnTWD 3.90bnTWD 3.90bnTWD 3.40bnTWD 2.98bnTWD 2.89bn
Cash and short-term investments——TWD 447.3mTWD 442.2mTWD 1.84bnTWD 1.11bnTWD 1.84bnTWD 1.51bnTWD 1.12bnTWD 1.38bn
Total liabilitiesTWD 601.4mTWD 484.3mTWD 605.7mTWD 816.2mTWD 402.8mTWD 371.0mTWD 375.9mTWD 389.5mTWD 443.8mTWD 817.7m
DebtTWD 150.4mTWD 196.2mTWD 364.6mTWD 416.6mTWD 222.4mTWD 159.4mTWD 113.2mTWD 103.2mTWD 189.0mTWD 475.8m
Shareholders' equityTWD 3.24bnTWD 3.02bnTWD 2.98bnTWD 3.70bnTWD 4.50bnTWD 3.53bnTWD 3.52bnTWD 3.00bnTWD 2.54bnTWD 2.07bn
Shares outstanding115m111m111m110m81m88m89m80m76m71m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 396.1mTWD 444.0m−TWD 66.9m−TWD 67.2mTWD 215.8mTWD 374.4mTWD 341.3mTWD 583.6mTWD 483.0mTWD 346.5m
Capital spending−TWD 60.5m−TWD 469.6m−TWD 100.3m−TWD 234.4m−TWD 133.5m−TWD 72.8m−TWD 137.2m−TWD 161.2m−TWD 198.7m−TWD 167.4m
Free cash flowTWD 335.6m−TWD 25.6m−TWD 167.2m−TWD 301.6mTWD 82.3mTWD 301.6mTWD 204.1mTWD 422.4mTWD 284.3mTWD 179.1m
Dividends paid—————−TWD 45.6m−TWD 106.6m−TWD 79.1m−TWD 73.3m−TWD 14.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 770.1mTWD 714.7mTWD 688.5mTWD 543.5mTWD 490.0mTWD 473.2mTWD 476.3mTWD 458.5m
Gross profitTWD 333.2mTWD 389.7mTWD 366.2mTWD 257.5mTWD 239.1mTWD 171.7mTWD 206.7mTWD 169.8m
Operating incomeTWD 97.4mTWD 180.1mTWD 144.6mTWD 104.5mTWD 115.6mTWD 35.4mTWD 88.0mTWD 49.9m
Net incomeTWD 110.2mTWD 196.1mTWD 67.7mTWD 14.5mTWD 14.3m−TWD 79.0m−TWD 48.8mTWD 153.5m
Diluted earnings per share0.911.620.590.130.12-0.69-0.441.38
Cash from operationsTWD 261.0mTWD 168.0mTWD 143.0mTWD 297.0mTWD 63.0m−TWD 108.0mTWD 186.0mTWD 70.0m
Capital spending−TWD 92.0m−TWD 116.0m−TWD 8.0m−TWD 21.0m−TWD 28.0m−TWD 2.0m−TWD 4.0m−TWD 444.0m
Free cash flowTWD 169.0mTWD 52.0mTWD 135.0mTWD 276.0mTWD 35.0m−TWD 110.0mTWD 182.0m−TWD 374.0m
Total assetsTWD 5.11bnTWD 4.86bnTWD 3.85bnTWD 3.50bnTWD 3.24bnTWD 3.56bnTWD 3.51bnTWD 3.36bn
DebtTWD 148.8mTWD 151.3mTWD 150.4mTWD 147.3mTWD 143.3mTWD 164.1mTWD 163.8mTWD 159.7m
Shareholders' equityTWD 4.45bnTWD 4.26bnTWD 3.24bnTWD 2.98bnTWD 2.83bnTWD 3.06bnTWD 3.02bnTWD 2.93bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin47.1%37.9%17.6%23.6%27.9%41.4%—
Operating margin18.2%10.7%-16.8%-68.4%-30.9%-6.8%—
Net margin0.8%-13.5%-58.7%-70.5%-30.6%-7.7%—
Return on equity0.5%-7.8%-26.5%-25.4%-8.4%-3.2%—
Return on assets0.5%-6.8%-22.1%-20.8%-7.7%-2.9%—
Free cash flow yield—1.6%0.1%0.3%0.9%1.0%1.1%
Revenue growth25.4%29.6%1.3%7.9%-16.6%-17.0%—
Earnings growth-107.4%-70.1%-15.7%148.3%232.3%-142.6%—
Current ratio6.68x7.09x2.01x2.70x15.43x9.58x—
Debt to equity0.05x0.05x0.12x0.11x0.05x0.04x—
Equity ratio84.4%86.2%83.1%81.9%91.8%90.5%—
Interest coverage34.92x16.36x-12.92x-75.48x-82.41x-30.39x—
R&D as a share of sales12.5%13.2%18.2%13.1%13.0%12.3%—
Buybacks as a share of market value—0.1%-0.9%-36.9%8.7%1.0%-10.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue18.1%8.2%2.8%
Operating income——2.8%
Net income——-24.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin43.0%33.9%34.3%39.7%
Operating margin14.9%-8.3%-11.1%4.1%
Net margin-5.6%-29.4%-26.1%-5.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings—-63.8-4.5-4.6-10.4-38.822.913.217.915.7
Price to sales12.08.62.63.23.23.03.42.23.32.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years.

  • 1213.971-for-1000 split · 20 Sept 2016
  • 1217.303-for-1000 split · 28 Aug 2015
  • 1079.273-for-1000 split · 13 Oct 2014

Sources and methodology

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

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