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Tong Ming Enterprise Co 5538.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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34.80

+2.20%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 12.73bn

FY2016FY2025

Net income

TWD 608.1m

FY2016FY2025

Free cash flow

TWD 583.8m

FY2016FY2025

Shareholders' equity

TWD 7.45bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 12.73bnTWD 12.54bnTWD 12.97bnTWD 15.43bnTWD 13.24bnTWD 9.17bnTWD 8.81bnTWD 8.89bnTWD 7.59bnTWD 6.00bn
Gross profitTWD 1.54bnTWD 1.49bnTWD 968.0mTWD 2.01bnTWD 2.70bnTWD 1.27bnTWD 1.22bnTWD 1.33bnTWD 1.43bnTWD 1.09bn
Research and developmentTWD 28.9mTWD 29.3mTWD 29.5mTWD 22.5mTWD 22.9mTWD 27.3mTWD 31.6mTWD 36.9mTWD 41.1mTWD 40.8m
Operating incomeTWD 708.5mTWD 784.5mTWD 163.1mTWD 1.29bnTWD 1.94bnTWD 691.9mTWD 706.8mTWD 735.3mTWD 920.2mTWD 603.0m
Net incomeTWD 608.1mTWD 575.7mTWD 135.2mTWD 911.2mTWD 1.44bnTWD 493.6mTWD 466.1mTWD 535.9mTWD 683.7mTWD 466.5m
Diluted earnings per share2.992.860.674.537.192.852.693.103.952.68

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 14.71bnTWD 13.95bnTWD 12.29bnTWD 13.53bnTWD 11.89bnTWD 8.86bnTWD 7.33bnTWD 7.66bnTWD 6.69bnTWD 5.01bn
Cash and short-term investmentsTWD 3.31bnTWD 2.20bnTWD 1.51bnTWD 1.92bnTWD 2.18bnTWD 2.36bnTWD 1.53bnTWD 1.81bnTWD 1.39bnTWD 1.29bn
Total liabilitiesTWD 7.04bnTWD 6.80bnTWD 5.74bnTWD 6.60bnTWD 5.35bnTWD 4.68bnTWD 3.44bnTWD 3.77bnTWD 2.85bnTWD 1.47bn
DebtTWD 5.62bnTWD 4.82bnTWD 4.41bnTWD 5.01bnTWD 3.85bnTWD 3.82bnTWD 2.55bnTWD 2.85bnTWD 2.13bnTWD 919.1m
Shareholders' equityTWD 7.45bnTWD 7.12bnTWD 6.52bnTWD 6.91bnTWD 6.52bnTWD 4.16bnTWD 3.87bnTWD 3.88bnTWD 3.83bnTWD 3.53bn
Shares outstanding204m201m201m201m201m173m174m173m173m174m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 696.1mTWD 777.7mTWD 1.63bnTWD 369.6m−TWD 131.0mTWD 5.2mTWD 701.3mTWD 518.6m−TWD 464.8mTWD 764.9m
Capital spending−TWD 112.3m−TWD 448.3m−TWD 779.9m−TWD 1.02bn−TWD 843.5m−TWD 124.0m−TWD 143.1m−TWD 130.7m−TWD 106.0m−TWD 36.9m
Free cash flowTWD 583.8mTWD 329.3mTWD 851.4m−TWD 652.4m−TWD 974.5m−TWD 118.9mTWD 558.2mTWD 387.9m−TWD 570.8mTWD 728.1m
Dividends paid−TWD 301.8m−TWD 201.2m−TWD 402.4m−TWD 643.9m−TWD 302.4m−TWD 252.0m−TWD 336.0m−TWD 420.0m−TWD 336.0m−TWD 168.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 3.66bnTWD 3.16bnTWD 3.33bnTWD 3.19bnTWD 3.13bnTWD 3.08bnTWD 3.46bnTWD 3.31bn
Gross profitTWD 680.6mTWD 499.2mTWD 373.3mTWD 435.3mTWD 374.2mTWD 360.6mTWD 319.4mTWD 396.6m
Operating incomeTWD 438.9mTWD 303.7mTWD 60.4mTWD 219.7mTWD 185.2mTWD 180.3mTWD 94.2mTWD 183.7m
Net incomeTWD 326.7mTWD 226.0mTWD 152.2mTWD 171.6mTWD 143.8mTWD 140.5mTWD 87.9mTWD 160.5m
Diluted earnings per share1.621.120.750.840.710.690.440.80
Cash from operations—TWD 309.0m−TWD 275.0m−TWD 44.0mTWD 625.0mTWD 484.0mTWD 160.0mTWD 187.0m
Capital spending—−TWD 15.0m−TWD 35.0m−TWD 15.0m−TWD 36.0m−TWD 44.0m−TWD 214.0m−TWD 26.0m
Free cash flow—TWD 294.0m−TWD 310.0m−TWD 59.0mTWD 589.0mTWD 440.0m−TWD 54.0mTWD 161.0m
Total assets—TWD 14.70bnTWD 14.71bnTWD 13.47bnTWD 12.86bnTWD 14.20bnTWD 13.95bnTWD 13.69bn
Cash and short-term investments—TWD 3.30bnTWD 3.31bnTWD 2.81bnTWD 2.66bnTWD 2.97bnTWD 2.20bnTWD 2.27bn
Debt—TWD 5.18bnTWD 5.62bnTWD 5.04bnTWD 4.69bnTWD 5.06bnTWD 4.82bnTWD 4.96bn
Shareholders' equity—TWD 7.88bnTWD 7.45bnTWD 6.93bnTWD 6.49bnTWD 7.40bnTWD 7.12bnTWD 7.07bn

Financial ratios

Data as of 12 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.1%11.9%7.5%13.0%20.4%13.9%
Operating margin5.6%6.8%2.4%8.3%14.5%7.6%
Net margin4.8%4.6%1.0%5.9%10.9%5.4%
Return on equity8.2%8.1%2.1%13.2%22.1%11.9%
Return on assets4.1%4.1%1.1%6.7%12.1%5.6%
Free cash flow yield10.6%16.3%32.1%18.5%9.5%2.0%
Revenue growth1.5%-3.3%-16.0%16.6%44.3%4.1%
Earnings growth5.6%325.9%-85.2%-36.9%192.4%5.9%
Current ratio2.06x2.12x2.69x1.86x2.49x2.24x
Debt to equity0.75x0.68x0.68x0.72x0.59x0.92x
Equity ratio50.6%51.0%53.0%51.1%54.9%47.0%
Interest coverage5.38x5.10x1.57x7.84x13.60x6.93x
R&D as a share of sales0.2%0.2%0.2%0.1%0.2%0.3%
Buybacks as a share of market value-1.2%0.0%0.0%-0.2%-16.0%0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-6.2%6.8%7.8%
Operating income-18.1%0.5%8.2%
Net income-12.6%4.3%9.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin12.0%11.2%13.1%14.0%
Operating margin5.9%5.5%7.3%7.8%
Net margin4.7%4.2%5.5%5.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings10.311.453.09.47.413.411.311.08.710.5
Price to sales0.50.50.60.60.80.70.60.70.80.8

Dividends and splits

Per share, in the currency the company pays

Paid for 12 years. Last went ex-dividend on 6 Jul 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.501.501.002.003.201.7111.4441.926

Sources and methodology

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

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