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APEX International Financial Engineering Res & Tech Co 5210.TWO · TWD
Information Technology · Taipei Exchange · 🇹🇼 Taiwan
30.50
+2.18%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 278.0m
FY2016FY2025
Net income
TWD 60.1m
FY2016FY2025
Free cash flow
−TWD 6.2m
FY2016FY2025
Shareholders' equity
TWD 801.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 278.0m | TWD 252.8m | TWD 262.0m | TWD 309.6m | TWD 257.2m | TWD 225.2m | TWD 275.1m | TWD 280.3m | TWD 270.9m | TWD 298.1m |
| Gross profit | TWD 205.0m | TWD 172.0m | TWD 141.3m | TWD 207.5m | TWD 173.6m | TWD 118.7m | TWD 203.5m | TWD 211.6m | TWD 188.8m | TWD 215.2m |
| Research and development | TWD 98.3m | TWD 95.7m | TWD 98.2m | TWD 92.4m | TWD 93.6m | TWD 108.8m | TWD 125.1m | TWD 107.4m | TWD 83.9m | TWD 77.4m |
| Operating income | TWD 22.3m | −TWD 48.5m | −TWD 91.9m | −TWD 14.5m | −TWD 37.9m | −TWD 103.4m | −TWD 51.2m | −TWD 39.3m | −TWD 40.1m | TWD 7.2m |
| Net income | TWD 60.1m | −TWD 55.8m | −TWD 97.3m | −TWD 12.3m | −TWD 22.8m | −TWD 79.3m | −TWD 23.0m | −TWD 18.0m | −TWD 45.0m | TWD 5.1m |
| Diluted earnings per share | 0.97 | -0.90 | -1.56 | -0.20 | -0.37 | -1.27 | -0.37 | -0.29 | -0.72 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 901.6m | TWD 822.2m | TWD 634.9m | TWD 886.2m | TWD 797.7m | TWD 668.9m | TWD 803.3m | TWD 872.6m | TWD 925.8m | TWD 1.02bn |
| Cash and short-term investments | — | — | TWD 214.9m | TWD 409.7m | TWD 218.6m | TWD 259.2m | TWD 361.6m | TWD 420.0m | TWD 440.7m | TWD 476.7m |
| Total liabilities | TWD 100.5m | TWD 82.6m | TWD 219.7m | TWD 366.8m | TWD 274.9m | TWD 124.2m | TWD 148.8m | TWD 190.6m | TWD 230.9m | TWD 269.7m |
| Debt | TWD 18.1m | TWD 8.9m | TWD 120.8m | TWD 291.6m | TWD 167.7m | TWD 45.0m | TWD 65.1m | TWD 77.5m | TWD 146.4m | TWD 127.5m |
| Shareholders' equity | TWD 801.1m | TWD 739.6m | TWD 415.2m | TWD 519.4m | TWD 522.9m | TWD 544.7m | TWD 641.5m | TWD 669.3m | TWD 682.4m | TWD 742.5m |
| Shares outstanding | 62m | 62m | 62m | 62m | 62m | 62m | 62m | 62m | 62m | 62m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 14.1m | −TWD 21.8m | TWD 34.7m | TWD 71.5m | −TWD 125.4m | −TWD 69.3m | −TWD 7.1m | −TWD 3.4m | −TWD 27.7m | TWD 15.8m |
| Capital spending | −TWD 20.3m | −TWD 51.0m | −TWD 39.9m | −TWD 20.4m | −TWD 11.4m | −TWD 3.8m | −TWD 4.0m | −TWD 4.6m | −TWD 4.8m | −TWD 6.2m |
| Free cash flow | −TWD 6.2m | −TWD 72.8m | −TWD 5.3m | TWD 51.1m | −TWD 136.9m | −TWD 73.1m | −TWD 11.1m | −TWD 8.0m | −TWD 32.5m | TWD 9.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 66.2m | TWD 65.6m | TWD 85.4m | TWD 65.3m | TWD 59.7m | TWD 67.6m | TWD 78.8m | TWD 48.6m |
| Gross profit | TWD 54.4m | TWD 38.3m | TWD 67.1m | TWD 46.4m | TWD 43.7m | TWD 47.7m | TWD 57.5m | TWD 36.6m |
| Operating income | TWD 5.9m | TWD 4.8m | TWD 18.6m | TWD 3.6m | −TWD 2.3m | TWD 2.3m | TWD 20.6m | −TWD 17.6m |
| Net income | TWD 21.5m | TWD 19.9m | TWD 44.2m | TWD 4.5m | TWD 7.3m | TWD 4.0m | TWD 36.4m | −TWD 18.1m |
| Diluted earnings per share | 0.35 | 0.32 | 0.71 | 0.07 | 0.12 | 0.06 | 0.59 | -0.29 |
| Cash from operations | TWD 6.0m | TWD 31.0m | TWD 25.0m | TWD 11.0m | −TWD 6.0m | −TWD 17.0m | TWD 27.0m | −TWD 5.0m |
| Capital spending | −TWD 1.0m | — | −TWD 2.0m | −TWD 1.0m | −TWD 15.0m | — | −TWD 14.0m | −TWD 16.0m |
| Free cash flow | TWD 5.0m | — | TWD 23.0m | TWD 10.0m | −TWD 21.0m | — | TWD 13.0m | −TWD 21.0m |
| Total assets | TWD 1.01bn | TWD 940.5m | TWD 901.6m | TWD 833.6m | TWD 832.3m | TWD 823.8m | TWD 822.2m | TWD 918.9m |
| Debt | TWD 51.6m | TWD 52.6m | TWD 18.1m | TWD 18.4m | TWD 18.7m | TWD 8.8m | TWD 8.9m | TWD 9.1m |
| Shareholders' equity | TWD 845.4m | TWD 822.1m | TWD 801.1m | TWD 755.8m | TWD 749.3m | TWD 746.5m | TWD 739.6m | TWD 702.1m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 73.7% | 68.0% | 53.9% | 67.0% | 67.5% | 52.7% |
| Operating margin | 13.8% | -20.6% | -35.1% | -4.7% | -14.8% | -45.9% |
| Net margin | 21.6% | -22.1% | -37.1% | -4.0% | -8.9% | -35.2% |
| Return on equity | 7.5% | -7.5% | -23.4% | -2.4% | -4.4% | -14.5% |
| Return on assets | 6.7% | -6.8% | -15.3% | -1.4% | -2.9% | -11.8% |
| Free cash flow yield | — | 1.6% | 4.0% | 4.9% | -6.1% | — |
| Revenue growth | 9.9% | -3.5% | -15.4% | 20.4% | 14.2% | -18.1% |
| Earnings growth | -207.6% | -42.6% | 691.2% | -46.1% | -71.2% | 244.0% |
| Current ratio | 5.94x | 7.18x | 1.51x | 1.67x | 1.92x | 4.00x |
| Debt to equity | 0.02x | 0.01x | 0.27x | 0.55x | 0.30x | 0.06x |
| Equity ratio | 88.9% | 90.0% | 65.4% | 58.6% | 65.5% | 81.4% |
| Interest coverage | 67.51x | -24.66x | -19.04x | -4.24x | -35.99x | -121.36x |
| R&D as a share of sales | 35.3% | 37.9% | 37.5% | 29.9% | 36.4% | 48.3% |
| Buybacks as a share of market value | — | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.5% | 4.3% | -0.9% |
| Net income | — | — | 41.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.0% | 65.8% | 64.2% | 68.6% |
| Operating margin | -4.9% | -12.0% | -17.3% | -13.3% |
| Net margin | 0.8% | -9.6% | -13.1% | -9.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.2 | -31.1 | -32.5 | -76.1 | -46.6 | -6.7 | -19.7 | -23.2 | -10.1 | 80.0 |
| Price to sales | 5.0 | 6.9 | 12.1 | 3.0 | 4.1 | 2.4 | 1.6 | 1.5 | 1.7 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 102.14-for-100 split · 18 Sept 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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