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M

M31 Technology 6643.TWO · TWD

Information Technology · Taipei Exchange · 🇹🇼 Taiwan

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380.00

+9.99%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.78bn

FY2016FY2025

Net income

TWD 70.6m

FY2016FY2025

Free cash flow

−TWD 43.2m

FY2016FY2025

Shareholders' equity

TWD 1.90bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.78bnTWD 1.48bnTWD 1.61bnTWD 1.36bnTWD 1.01bnTWD 981.0mTWD 869.1mTWD 763.5mTWD 633.5mTWD 501.1m
Gross profit——TWD 1.56bnTWD 1.31bnTWD 971.5mTWD 938.9mTWD 831.2mTWD 739.1mTWD 633.5mTWD 501.1m
Research and developmentTWD 1.35bnTWD 1.12bnTWD 938.9mTWD 813.9mTWD 541.9mTWD 420.8mTWD 364.9mTWD 320.9mTWD 284.9mTWD 225.4m
Operating incomeTWD 94.5mTWD 79.2mTWD 515.2mTWD 443.4mTWD 299.1mTWD 378.3mTWD 351.8mTWD 342.3mTWD 216.3mTWD 176.1m
Net incomeTWD 70.6mTWD 126.9mTWD 435.2mTWD 379.3mTWD 252.6mTWD 322.2mTWD 308.6mTWD 279.9mTWD 186.3mTWD 150.3m
Diluted earnings per share1.693.0412.4810.846.109.418.958.875.915.48

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 2.16bnTWD 2.16bnTWD 2.40bnTWD 2.37bnTWD 1.94bnTWD 1.76bnTWD 1.60bnTWD 958.2mTWD 790.6mTWD 659.5m
Cash and short-term investments——TWD 1.15bnTWD 1.11bnTWD 724.2mTWD 1.20bnTWD 1.17bnTWD 473.9mTWD 422.7mTWD 419.6m
Total liabilitiesTWD 262.5mTWD 239.9mTWD 333.8mTWD 509.8mTWD 353.1mTWD 247.7mTWD 158.1mTWD 213.1mTWD 210.5mTWD 181.4m
Debt—TWD 22.3mTWD 11.3mTWD 2.1mTWD 90.4mTWD 4.2mTWD 9.6mTWD 40.0mTWD 60.0m—
Shareholders' equityTWD 1.90bnTWD 1.92bnTWD 2.06bnTWD 1.86bnTWD 1.58bnTWD 1.51bnTWD 1.44bnTWD 745.1mTWD 580.1mTWD 478.0m
Shares outstanding42m42m35m35m41m34m34m32m32m27m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 26.3mTWD 46.6mTWD 241.3mTWD 651.6mTWD 224.5mTWD 385.6mTWD 359.6mTWD 209.4mTWD 168.4mTWD 205.2m
Capital spending−TWD 69.5m−TWD 93.4m−TWD 43.2m−TWD 39.4m−TWD 536.6m−TWD 51.4m−TWD 41.8m−TWD 31.5m−TWD 122.1m−TWD 29.3m
Free cash flow−TWD 43.2m−TWD 46.8mTWD 198.1mTWD 612.2m−TWD 312.0mTWD 334.3mTWD 317.7mTWD 177.9mTWD 46.3mTWD 175.9m
Dividends paid−TWD 83.6m−TWD 278.7m−TWD 253.6m−TWD 197.8m−TWD 248.9m−TWD 234.9m−TWD 219.2m−TWD 128.9m−TWD 85.7m—

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 421.9mTWD 394.7mTWD 544.3mTWD 354.7mTWD 448.7mTWD 434.5mTWD 327.6mTWD 381.9m
Operating income−TWD 3.0m−TWD 57.6mTWD 96.1m−TWD 48.2mTWD 35.9mTWD 8.3m−TWD 93.5mTWD 50.1m
Net income−TWD 2.7m−TWD 49.2mTWD 99.3m−TWD 7.5m−TWD 40.8mTWD 19.6m−TWD 53.3mTWD 28.0m
Diluted earnings per share-0.07-1.182.38-0.18-0.980.47-1.270.67
Cash from operationsTWD 8.0m−TWD 137.0mTWD 123.0m—−TWD 30.0m−TWD 121.0mTWD 183.0m−TWD 5.0m
Capital spending−TWD 24.0m−TWD 16.0m−TWD 17.0m—−TWD 15.0m−TWD 16.0m−TWD 7.0m−TWD 38.0m
Free cash flow−TWD 16.0m−TWD 153.0mTWD 106.0m—−TWD 45.0m−TWD 137.0mTWD 176.0m−TWD 43.0m
Total assetsTWD 2.11bnTWD 2.03bnTWD 2.16bnTWD 1.93bnTWD 2.05bnTWD 2.08bnTWD 2.16bnTWD 2.12bn
Cash and short-term investments———TWD 462.9m————
Debt———TWD 5.3m————
Shareholders' equityTWD 1.88bnTWD 1.80bnTWD 1.90bnTWD 1.80bnTWD 1.80bnTWD 1.86bnTWD 1.92bnTWD 1.97bn

Financial ratios

Data as of 28 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin——97.0%96.5%96.0%95.7%95.6%96.8%
Operating margin5.3%5.3%32.0%32.6%29.6%38.6%——
Net margin4.0%8.6%27.0%27.9%25.0%32.8%——
Return on equity3.7%6.6%21.1%20.4%16.0%21.4%——
Return on assets3.3%5.9%18.2%16.0%13.0%18.3%——
Free cash flow yield—0.7%1.6%3.8%3.6%2.5%2.3%—
Revenue growth20.3%-8.2%18.5%34.4%3.1%12.9%——
Earnings growth-44.4%-70.8%14.7%50.1%-21.6%4.4%——
Current ratio4.98x5.55x5.07x3.28x4.20x6.17x——
Debt to equity——0.00x0.00x0.06x0.00x0.01x0.05x
Equity ratio87.9%88.9%86.1%78.5%81.8%85.9%——
Interest coverage78.57x60.56x1515.29x1745.60x155.32x2866.17x——
R&D as a share of sales75.8%75.8%58.2%59.8%53.6%42.9%——
Buybacks as a share of market value—-19.9%0.3%15.6%-21.0%0.7%-9.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.4%12.7%20.4%
Operating income-40.3%-24.2%16.6%
Net income-42.9%-26.2%11.4%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin5.3%18.2%22.0%25.9%
Net margin6.1%16.2%19.3%22.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings223.2248.070.831.949.427.228.421.832.2
Price to sales8.821.319.18.912.38.910.18.09.5

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 27 Jul 2026.

FY2026FY2025FY2024FY2023FY2022
Paid in the year1.1922.008.0016.6674.773
  • 1200.0287-for-1000 split · 25 Jun 2024
  • 1100.0063-for-1000 split · 13 Jul 2023

Sources and methodology

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

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.