F 
Formosa Advanced Technologies Co 8131.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
53.90
+10.00%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 9.92bn
FY2016FY2025
Net income
TWD 602.6m
FY2016FY2025
Free cash flow
−TWD 459.4m
FY2016FY2025
Shareholders' equity
TWD 12.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 9.92bn | TWD 8.93bn | TWD 7.65bn | TWD 10.43bn | TWD 9.94bn | TWD 9.71bn | TWD 9.46bn | TWD 8.79bn | TWD 7.89bn | TWD 8.49bn |
| Gross profit | TWD 1.03bn | TWD 1.14bn | TWD 602.9m | TWD 2.19bn | TWD 2.09bn | TWD 1.89bn | TWD 1.65bn | TWD 1.67bn | TWD 1.31bn | TWD 1.37bn |
| Research and development | TWD 249.7m | TWD 266.2m | TWD 163.9m | TWD 162.9m | TWD 137.2m | TWD 125.0m | TWD 98.9m | TWD 81.0m | TWD 59.8m | TWD 53.9m |
| Operating income | TWD 712.1m | TWD 767.9m | TWD 337.4m | TWD 1.94bn | TWD 1.87bn | TWD 1.71bn | TWD 1.48bn | TWD 1.51bn | TWD 1.17bn | TWD 1.24bn |
| Net income | TWD 602.6m | TWD 900.3m | TWD 530.2m | TWD 2.06bn | TWD 1.56bn | TWD 1.40bn | TWD 1.26bn | TWD 1.42bn | TWD 1.39bn | TWD 1.02bn |
| Diluted earnings per share | 1.36 | 2.02 | 1.20 | 4.65 | 3.51 | 3.16 | 2.85 | 3.20 | 3.13 | 2.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 13.92bn | TWD 12.52bn | TWD 13.26bn | TWD 14.77bn | TWD 14.23bn | TWD 13.61bn | TWD 13.27bn | TWD 12.67bn | TWD 12.18bn | TWD 11.36bn |
| Cash and short-term investments | TWD 5.11bn | TWD 6.01bn | TWD 6.44bn | TWD 7.00bn | TWD 5.71bn | TWD 4.14bn | TWD 2.92bn | TWD 3.70bn | TWD 5.85bn | TWD 5.32bn |
| Total liabilities | TWD 1.67bn | TWD 1.62bn | TWD 1.46bn | TWD 2.06bn | TWD 1.93bn | TWD 1.79bn | TWD 1.84bn | TWD 1.32bn | TWD 1.09bn | TWD 1.09bn |
| Debt | TWD 44.2m | TWD 480.1m | TWD 522.5m | TWD 558.8m | TWD 468.2m | TWD 504.1m | TWD 537.4m | — | — | — |
| Shareholders' equity | TWD 12.25bn | TWD 10.91bn | TWD 11.81bn | TWD 12.71bn | TWD 12.30bn | TWD 11.82bn | TWD 11.43bn | TWD 11.36bn | TWD 11.08bn | TWD 10.27bn |
| Shares outstanding | 443m | 446m | 442m | 442m | 444m | 444m | 443m | 444m | 445m | 452m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 427.5m | TWD 1.75bn | TWD 1.85bn | TWD 3.34bn | TWD 2.98bn | TWD 3.10bn | TWD 2.32bn | TWD 2.27bn | TWD 2.36bn | TWD 2.64bn |
| Capital spending | −TWD 886.9m | −TWD 596.5m | −TWD 705.6m | −TWD 593.8m | −TWD 400.4m | −TWD 752.6m | −TWD 1.59bn | −TWD 3.26bn | −TWD 1.59bn | −TWD 719.0m |
| Free cash flow | −TWD 459.4m | TWD 1.15bn | TWD 1.14bn | TWD 2.74bn | TWD 2.58bn | TWD 2.35bn | TWD 737.1m | −TWD 991.9m | TWD 765.9m | TWD 1.92bn |
| Dividends paid | −TWD 641.1m | −TWD 397.8m | −TWD 1.46bn | −TWD 1.11bn | −TWD 1.02bn | −TWD 972.7m | −TWD 1.11bn | −TWD 1.11bn | −TWD 884.4m | −TWD 884.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.16bn | TWD 2.94bn | TWD 2.95bn | TWD 2.64bn | TWD 2.10bn | TWD 2.23bn | TWD 2.15bn | TWD 2.08bn |
| Gross profit | TWD 612.1m | TWD 566.7m | TWD 506.0m | TWD 355.8m | −TWD 32.1m | TWD 223.1m | TWD 183.2m | TWD 201.5m |
| Operating income | TWD 484.6m | TWD 474.5m | TWD 425.0m | TWD 274.4m | −TWD 123.4m | TWD 136.0m | TWD 81.4m | TWD 102.6m |
| Net income | TWD 429.0m | TWD 426.4m | TWD 401.3m | TWD 271.2m | −TWD 222.1m | TWD 152.3m | TWD 146.8m | TWD 122.2m |
| Diluted earnings per share | 0.97 | 0.96 | 0.91 | 0.61 | -0.50 | 0.34 | 0.33 | 0.27 |
| Cash from operations | TWD 26.0m | TWD 290.0m | TWD 331.0m | −TWD 155.0m | −TWD 3.0m | TWD 255.0m | TWD 414.0m | TWD 462.0m |
| Capital spending | −TWD 861.0m | −TWD 418.0m | −TWD 320.0m | −TWD 182.0m | −TWD 223.0m | −TWD 159.0m | −TWD 126.0m | −TWD 160.0m |
| Free cash flow | −TWD 835.0m | −TWD 128.0m | TWD 11.0m | −TWD 337.0m | −TWD 226.0m | TWD 96.0m | TWD 288.0m | TWD 302.0m |
| Total assets | TWD 19.53bn | TWD 15.07bn | TWD 13.92bn | TWD 12.42bn | TWD 12.19bn | TWD 12.62bn | TWD 12.52bn | TWD 12.74bn |
| Cash and short-term investments | TWD 4.83bn | TWD 5.24bn | TWD 5.11bn | TWD 4.99bn | TWD 5.80bn | TWD 6.08bn | TWD 6.01bn | TWD 6.21bn |
| Debt | TWD 44.5m | TWD 44.4m | TWD 88.5m | TWD 44.1m | TWD 43.9m | TWD 87.5m | TWD 87.3m | TWD 87.2m |
| Shareholders' equity | TWD 15.40bn | TWD 12.60bn | TWD 12.25bn | TWD 10.85bn | TWD 10.24bn | TWD 10.45bn | TWD 10.91bn | TWD 11.38bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.4% | 12.8% | 7.9% | 21.0% | 21.0% | 19.5% |
| Operating margin | 7.2% | 8.6% | 4.4% | 18.6% | 18.8% | 17.6% |
| Net margin | 6.1% | 10.1% | 6.9% | 19.7% | 15.7% | 14.5% |
| Return on equity | 4.9% | 8.3% | 4.5% | 16.2% | 12.7% | 11.9% |
| Return on assets | 4.3% | 7.2% | 4.0% | 13.9% | 10.9% | 10.3% |
| Free cash flow yield | 4.8% | 8.6% | 9.4% | 14.5% | 12.4% | 14.1% |
| Revenue growth | 11.1% | 16.8% | -26.7% | 5.0% | 2.4% | 2.6% |
| Earnings growth | -33.1% | 69.8% | -74.2% | 32.0% | 11.0% | 11.1% |
| Current ratio | 8.01x | 8.75x | 11.02x | 7.67x | 6.80x | 6.31x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 88.0% | 87.1% | 89.0% | 86.1% | 86.4% | 86.8% |
| Interest coverage | 130.88x | 134.42x | 57.32x | 394.28x | 380.80x | 324.64x |
| R&D as a share of sales | 2.5% | 3.0% | 2.1% | 1.6% | 1.4% | 1.3% |
| Buybacks as a share of market value | 0.8% | -0.9% | 0.0% | 0.4% | -0.1% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.7% | 0.4% | 1.3% |
| Operating income | -28.4% | -16.1% | -6.8% |
| Net income | -33.6% | -15.5% | -6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.5% | 13.5% | 15.8% | 16.5% |
| Operating margin | 7.8% | 10.2% | 13.0% | 14.2% |
| Net margin | 8.0% | 11.1% | 12.5% | 13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.5 | 14.0 | 32.5 | 8.2 | 11.2 | 12.0 | 13.1 | 9.9 | 10.1 | 10.4 |
| Price to sales | 2.9 | 1.4 | 2.3 | 1.6 | 1.8 | 1.7 | 1.8 | 1.6 | 1.8 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 15 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.45 | 0.90 | 3.30 | 2.50 | 2.30 | 2.20 | 2.50 |
- 21-for-20 split · 16 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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