T 
Tainan Enterprise (Cayman) Co 5906.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
39.00
+2.63%
Close of 4 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.68bn
FY2016FY2025
Net income
TWD 35.0m
FY2016FY2025
Free cash flow
TWD 66.5m
FY2016FY2025
Shareholders' equity
TWD 593.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.68bn | TWD 1.81bn | TWD 2.14bn | TWD 1.94bn | TWD 1.52bn | TWD 1.78bn | TWD 1.91bn | TWD 1.70bn | TWD 1.57bn | TWD 838.0m |
| Gross profit | TWD 830.9m | TWD 1.00bn | TWD 1.14bn | TWD 1.04bn | TWD 893.6m | TWD 932.1m | TWD 1.10bn | TWD 993.4m | TWD 923.8m | TWD 425.7m |
| Research and development | TWD 31.6m | TWD 31.9m | TWD 32.4m | TWD 24.9m | TWD 25.8m | TWD 25.7m | TWD 25.5m | TWD 21.0m | TWD 17.2m | TWD 17.2m |
| Operating income | TWD 48.8m | TWD 85.2m | TWD 149.1m | TWD 154.6m | TWD 153.5m | TWD 125.8m | TWD 29.0m | TWD 46.2m | TWD 4.1m | −TWD 140.0m |
| Net income | TWD 35.0m | TWD 58.7m | TWD 107.1m | TWD 97.6m | TWD 104.7m | TWD 70.6m | −TWD 24.5m | TWD 9.0m | TWD 2.5m | −TWD 136.6m |
| Diluted earnings per share | 1.42 | 1.64 | 3.15 | 2.85 | 3.15 | 2.13 | -0.71 | 0.27 | 0.09 | -8.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.92bn | TWD 1.98bn | TWD 1.85bn | TWD 1.55bn | TWD 1.17bn | TWD 1.19bn | TWD 1.30bn | TWD 1.13bn | TWD 1.07bn | TWD 541.1m |
| Cash and short-term investments | TWD 160.5m | TWD 177.5m | TWD 153.1m | TWD 183.7m | TWD 197.2m | TWD 174.6m | TWD 265.9m | TWD 230.3m | TWD 153.4m | TWD 109.2m |
| Total liabilities | TWD 1.25bn | TWD 1.18bn | TWD 1.12bn | TWD 918.1m | TWD 639.3m | TWD 776.0m | TWD 943.5m | TWD 776.8m | TWD 720.5m | TWD 394.5m |
| Debt | TWD 970.2m | TWD 910.1m | TWD 819.7m | TWD 546.7m | TWD 376.3m | TWD 412.3m | TWD 602.3m | TWD 390.4m | TWD 282.6m | TWD 98.2m |
| Shareholders' equity | TWD 593.1m | TWD 719.6m | TWD 646.7m | TWD 550.0m | TWD 469.6m | TWD 364.7m | TWD 321.3m | TWD 347.7m | TWD 342.5m | TWD 146.5m |
| Shares outstanding | 25m | 36m | 34m | 34m | 33m | 33m | 34m | 33m | 28m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 148.1m | TWD 86.8m | TWD 198.7m | TWD 8.5m | TWD 175.8m | TWD 260.1m | TWD 225.6m | TWD 25.4m | −TWD 14.2m | −TWD 71.2m |
| Capital spending | −TWD 81.6m | −TWD 27.2m | −TWD 80.2m | −TWD 27.8m | −TWD 26.6m | −TWD 31.2m | −TWD 26.1m | −TWD 16.6m | −TWD 13.1m | −TWD 556,000 |
| Free cash flow | TWD 66.5m | TWD 59.5m | TWD 118.5m | −TWD 19.3m | TWD 149.2m | TWD 228.8m | TWD 199.5m | TWD 8.8m | −TWD 27.3m | −TWD 71.8m |
| Dividends paid | −TWD 28.0m | −TWD 50.1m | −TWD 48.6m | −TWD 55.1m | −TWD 6.0m | −TWD 6.0m | −TWD 6.0m | −TWD 6.0m | −TWD 14.8m | −TWD 14.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 397.0m | TWD 430.3m | TWD 484.9m | TWD 358.3m | TWD 359.9m | TWD 478.7m | TWD 475.4m | TWD 418.6m |
| Gross profit | TWD 211.3m | TWD 240.5m | TWD 160.1m | TWD 201.7m | TWD 207.2m | TWD 261.9m | TWD 269.2m | TWD 223.5m |
| Operating income | −TWD 4.4m | TWD 13.2m | TWD 12.9m | TWD 555,000 | TWD 872,000 | TWD 25.4m | TWD 24.1m | TWD 6.6m |
| Net income | −TWD 3.4m | TWD 3.8m | TWD 7.1m | −TWD 5.8m | TWD 20.7m | TWD 13.1m | TWD 13.4m | TWD 13.7m |
| Diluted earnings per share | -0.10 | 0.11 | 0.29 | -0.24 | 0.84 | 0.53 | 0.37 | 0.38 |
| Cash from operations | TWD 56.0m | TWD 84.0m | TWD 63.0m | TWD 11.0m | −TWD 25.0m | TWD 70.0m | TWD 15.0m | TWD 8.0m |
| Capital spending | −TWD 17.0m | −TWD 28.0m | −TWD 56.0m | −TWD 17.0m | −TWD 6.0m | −TWD 3.0m | −TWD 12.0m | −TWD 8.0m |
| Free cash flow | TWD 39.0m | TWD 56.0m | TWD 7.0m | −TWD 6.0m | −TWD 31.0m | TWD 67.0m | TWD 3.0m | TWD 0 |
| Total assets | TWD 1.79bn | TWD 1.92bn | TWD 1.92bn | TWD 1.87bn | TWD 1.77bn | TWD 1.98bn | TWD 1.98bn | TWD 1.97bn |
| Cash and short-term investments | TWD 205.8m | TWD 186.9m | TWD 160.5m | TWD 155.1m | TWD 187.6m | TWD 201.5m | TWD 177.5m | TWD 176.1m |
| Debt | TWD 747.3m | TWD 758.8m | TWD 820.1m | TWD 732.2m | TWD 715.4m | TWD 740.3m | TWD 752.0m | TWD 646.5m |
| Shareholders' equity | TWD 521.9m | TWD 583.0m | TWD 593.1m | TWD 596.0m | TWD 614.0m | TWD 732.8m | TWD 719.6m | TWD 722.2m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 49.4% | 55.5% | 53.6% | 53.8% | 58.6% | 52.3% |
| Operating margin | 2.9% | 5.5% | 7.2% | 8.0% | 10.1% | 7.1% |
| Net margin | 2.1% | 3.2% | 5.0% | 5.0% | 6.9% | 4.0% |
| Return on equity | 5.9% | 8.2% | 16.6% | 17.7% | 22.3% | 19.3% |
| Return on assets | 1.8% | 3.0% | 5.8% | 6.3% | 9.0% | 5.9% |
| Free cash flow yield | 24.4% | 8.4% | 21.6% | 2.8% | 16.0% | 23.1% |
| Revenue growth | -7.0% | -15.3% | 10.1% | 27.1% | -14.5% | -6.7% |
| Earnings growth | -40.3% | -45.2% | 9.8% | -6.8% | 48.4% | -388.3% |
| Current ratio | 0.93x | 1.04x | 1.14x | 1.26x | 1.42x | 1.24x |
| Debt to equity | 1.30x | 1.05x | 0.98x | 0.80x | 0.55x | 0.85x |
| Equity ratio | 30.9% | 36.3% | 34.9% | 35.4% | 40.2% | 30.6% |
| Interest coverage | 2.60x | 5.82x | 11.34x | 19.35x | 25.98x | 10.50x |
| R&D as a share of sales | 1.9% | 1.8% | 1.5% | 1.3% | 1.7% | 1.4% |
| Buybacks as a share of market value | 31.1% | -5.4% | 0.7% | -3.2% | -0.2% | 3.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | -1.2% | 4.3% |
| Operating income | -31.9% | -17.3% | — |
| Net income | -28.9% | -13.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.6% | 53.2% | 53.8% | 53.8% |
| Operating margin | 3.8% | 5.8% | 6.6% | 0.8% |
| Net margin | 2.7% | 3.9% | 4.4% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.6 | 31.6 | 18.6 | 9.3 | 10.8 | 19.6 | -29.2 | 30.3 | 146.3 | -1.2 |
| Price to sales | 0.7 | 1.0 | 0.9 | 0.5 | 0.7 | 0.8 | 0.4 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 11 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.762 | 1.401 | 1.334 | 1.468 | 0.173 | 1.222 | 2.678 |
- 1020-for-1000 split · 11 Sept 2025
- 21-for-20 split · 5 Sept 2024
- 1.03-for-1 split · 7 Sept 2023
- 27-for-25 split · 23 Sept 2021
- 1000-to-500 reverse split · 19 Jun 2018
- 1000-to-311.451 reverse split · 14 Jul 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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