Ya Horng Electronic Co 6201.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
45.55
-1.62%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 3.33bn
FY2016FY2025
Net income
TWD 331.2m
FY2016FY2025
Free cash flow
TWD 281.4m
FY2016FY2025
Shareholders' equity
TWD 2.82bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.33bn | TWD 3.32bn | TWD 3.41bn | TWD 3.01bn | TWD 3.92bn | TWD 3.51bn | TWD 3.24bn | TWD 3.26bn | TWD 3.05bn | TWD 3.48bn |
| Gross profit | TWD 767.9m | TWD 855.6m | TWD 865.5m | TWD 675.1m | TWD 793.8m | TWD 764.7m | TWD 678.2m | TWD 586.1m | TWD 595.2m | TWD 750.9m |
| Research and development | TWD 112.4m | TWD 114.7m | TWD 111.2m | TWD 110.8m | TWD 112.9m | TWD 118.7m | TWD 129.7m | TWD 131.3m | TWD 132.2m | TWD 125.8m |
| Operating income | TWD 389.3m | TWD 467.0m | TWD 470.9m | TWD 301.4m | TWD 377.1m | TWD 368.8m | TWD 300.3m | TWD 180.9m | TWD 200.7m | TWD 318.2m |
| Net income | TWD 331.2m | TWD 417.7m | TWD 413.4m | TWD 332.1m | TWD 301.5m | TWD 298.7m | TWD 239.5m | TWD 263.4m | TWD 205.1m | TWD 302.3m |
| Diluted earnings per share | 3.68 | 4.66 | 4.59 | 3.67 | 3.38 | 3.35 | 2.68 | 2.95 | 2.29 | 3.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.58bn | TWD 3.71bn | TWD 3.70bn | TWD 3.41bn | TWD 3.53bn | TWD 3.67bn | TWD 3.21bn | TWD 3.31bn | TWD 3.29bn | TWD 3.48bn |
| Cash and short-term investments | TWD 1.35bn | TWD 1.47bn | TWD 1.51bn | TWD 1.06bn | TWD 1.14bn | TWD 1.15bn | TWD 1.29bn | TWD 1.46bn | TWD 1.37bn | TWD 1.54bn |
| Total liabilities | TWD 763.1m | TWD 848.5m | TWD 945.8m | TWD 771.0m | TWD 998.2m | TWD 1.16bn | TWD 793.8m | TWD 869.3m | TWD 907.7m | TWD 1.03bn |
| Debt | TWD 28.2m | TWD 36.4m | TWD 23.7m | TWD 42.1m | TWD 27.7m | TWD 21.1m | TWD 151,000 | — | — | TWD 8.4m |
| Shareholders' equity | TWD 2.82bn | TWD 2.86bn | TWD 2.76bn | TWD 2.64bn | TWD 2.53bn | TWD 2.51bn | TWD 2.42bn | TWD 2.44bn | TWD 2.38bn | TWD 2.45bn |
| Shares outstanding | 90m | 90m | 90m | 91m | 89m | 89m | 89m | 89m | 90m | 89m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 323.6m | TWD 492.2m | TWD 788.8m | TWD 302.9m | TWD 313.8m | TWD 102.6m | TWD 160.2m | TWD 162.1m | TWD 88.2m | TWD 271.3m |
| Capital spending | −TWD 42.2m | −TWD 195.6m | −TWD 23.1m | −TWD 40.7m | −TWD 37.0m | −TWD 29.6m | −TWD 54.6m | −TWD 29.7m | −TWD 32.7m | −TWD 203.8m |
| Free cash flow | TWD 281.4m | TWD 296.6m | TWD 765.6m | TWD 262.2m | TWD 276.7m | TWD 73.0m | TWD 105.6m | TWD 132.4m | TWD 55.5m | TWD 67.6m |
| Dividends paid | −TWD 356.8m | −TWD 347.9m | −TWD 267.6m | −TWD 267.6m | −TWD 267.6m | −TWD 223.0m | −TWD 240.8m | −TWD 187.3m | −TWD 267.6m | −TWD 178.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 809.9m | TWD 697.9m | TWD 739.7m | TWD 884.5m | TWD 902.3m | TWD 800.5m | TWD 945.4m | TWD 925.8m |
| Gross profit | TWD 185.0m | TWD 158.6m | TWD 161.0m | TWD 190.2m | TWD 212.5m | TWD 213.1m | TWD 252.0m | TWD 231.9m |
| Operating income | TWD 90.9m | TWD 72.9m | TWD 69.2m | TWD 96.5m | TWD 112.3m | TWD 111.3m | TWD 149.5m | TWD 134.3m |
| Net income | TWD 78.0m | TWD 57.5m | TWD 58.0m | TWD 93.7m | TWD 84.1m | TWD 95.4m | TWD 130.5m | TWD 109.3m |
| Diluted earnings per share | 0.87 | 0.64 | 0.64 | 1.04 | 0.93 | 1.06 | 1.46 | 1.22 |
| Cash from operations | −TWD 17.0m | TWD 59.0m | −TWD 40.0m | TWD 103.0m | TWD 93.0m | TWD 163.0m | TWD 147.0m | TWD 32.0m |
| Capital spending | −TWD 14.0m | −TWD 4.0m | −TWD 20.0m | −TWD 4.0m | −TWD 14.0m | −TWD 2.0m | −TWD 157.0m | −TWD 3.0m |
| Free cash flow | −TWD 31.0m | TWD 55.0m | −TWD 60.0m | TWD 99.0m | TWD 79.0m | TWD 161.0m | −TWD 10.0m | TWD 29.0m |
| Total assets | TWD 3.97bn | TWD 3.70bn | TWD 3.58bn | TWD 3.55bn | TWD 3.87bn | TWD 3.81bn | TWD 3.71bn | TWD 3.57bn |
| Cash and short-term investments | TWD 1.40bn | TWD 1.42bn | TWD 1.35bn | TWD 1.38bn | TWD 1.62bn | TWD 1.64bn | TWD 1.47bn | TWD 1.47bn |
| Debt | TWD 24.1m | TWD 29.6m | TWD 28.1m | TWD 28.2m | TWD 26.3m | TWD 19.5m | TWD 21.5m | TWD 19.3m |
| Shareholders' equity | TWD 2.69bn | TWD 2.61bn | TWD 2.82bn | TWD 2.72bn | TWD 2.61bn | TWD 2.62bn | TWD 2.86bn | TWD 2.73bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 23.1% | 25.8% | 25.4% | 22.4% | 20.3% | 21.8% |
| Operating margin | 11.7% | 16.0% | 15.1% | 10.0% | 9.6% | 11.0% |
| Net margin | 10.0% | 12.6% | 12.1% | 11.0% | 7.7% | 8.5% |
| Return on equity | 11.8% | 14.6% | 15.0% | 12.6% | 11.9% | 11.9% |
| Return on assets | 9.3% | 11.3% | 11.2% | 9.7% | 8.5% | 8.1% |
| Free cash flow yield | 8.8% | 16.6% | 19.4% | 8.2% | 8.5% | 3.2% |
| Revenue growth | 0.3% | -2.6% | 13.3% | -23.2% | 11.5% | 8.5% |
| Earnings growth | -20.7% | 1.0% | 24.5% | 10.1% | 0.9% | 24.7% |
| Current ratio | 4.16x | 3.84x | 3.55x | 3.80x | 3.30x | 2.93x |
| Debt to equity | 0.01x | 0.01x | 0.00x | 0.01x | 0.01x | 0.00x |
| Equity ratio | 78.7% | 77.1% | 74.5% | 77.4% | 71.7% | 68.3% |
| Interest coverage | 127.15x | 227.78x | 1097.72x | 434.25x | 902.14x | 3314.77x |
| R&D as a share of sales | 3.4% | 3.5% | 3.3% | 3.7% | 2.9% | 3.4% |
| Buybacks as a share of market value | -0.5% | 0.6% | 0.4% | -1.6% | 0.2% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | -1.1% | 0.6% |
| Operating income | 8.9% | 1.1% | 8.1% |
| Net income | -0.1% | 2.1% | 5.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 24.2% | 23.1% | 21.7% |
| Operating margin | 12.9% | 12.5% | 11.6% | 9.7% |
| Net margin | 11.3% | 11.4% | 10.2% | 9.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.4 | 12.1 | 12.1 | 10.6 | 13.2 | 11.3 | 13.2 | 10.0 | 12.7 | 9.1 |
| Price to sales | 1.5 | 1.5 | 1.5 | 1.2 | 1.0 | 1.0 | 1.0 | 0.8 | 0.8 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 4 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 3.90 | 3.00 | 3.00 | 3.00 | 2.50 | 2.70 | 2.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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