A 
Advanced International Multitech Co 8938.TWO · TWD
Consumer Discretionary · Taipei Exchange · 🇹🇼 Taiwan
47.70
-0.31%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 15.41bn
FY2016FY2025
Net income
TWD 949.5m
FY2016FY2025
Free cash flow
TWD 145.5m
FY2016FY2025
Shareholders' equity
TWD 8.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 15.41bn | TWD 14.19bn | TWD 14.30bn | TWD 21.42bn | TWD 16.91bn | TWD 12.08bn | TWD 11.76bn | TWD 11.11bn | TWD 10.19bn | TWD 8.95bn |
| Gross profit | TWD 2.40bn | TWD 2.23bn | TWD 2.30bn | TWD 4.35bn | TWD 3.22bn | TWD 2.17bn | TWD 1.98bn | TWD 1.60bn | TWD 1.53bn | TWD 1.28bn |
| Research and development | TWD 713.0m | TWD 789.0m | TWD 581.6m | TWD 756.7m | TWD 669.9m | TWD 522.7m | TWD 491.0m | TWD 408.2m | TWD 346.9m | TWD 318.1m |
| Operating income | TWD 993.4m | TWD 758.1m | TWD 930.3m | TWD 3.31bn | TWD 1.85bn | TWD 970.5m | TWD 953.1m | TWD 682.3m | TWD 690.1m | TWD 436.3m |
| Net income | TWD 949.5m | TWD 1.04bn | TWD 69.0m | TWD 2.24bn | TWD 1.35bn | TWD 680.7m | TWD 615.7m | TWD 568.8m | TWD 442.4m | TWD 345.5m |
| Diluted earnings per share | 6.26 | 7.14 | 0.50 | 15.34 | 9.96 | 5.04 | 4.57 | 4.22 | 3.30 | 2.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 14.80bn | TWD 15.01bn | TWD 13.45bn | TWD 16.82bn | TWD 13.03bn | TWD 10.82bn | TWD 8.27bn | TWD 7.60bn | TWD 6.63bn | TWD 6.24bn |
| Cash and short-term investments | — | — | TWD 3.12bn | TWD 2.33bn | TWD 1.12bn | TWD 1.40bn | TWD 968.8m | TWD 533.4m | TWD 990.4m | TWD 730.5m |
| Total liabilities | TWD 6.80bn | TWD 7.45bn | TWD 6.92bn | TWD 9.08bn | TWD 7.38bn | TWD 5.95bn | TWD 3.76bn | TWD 3.39bn | TWD 2.64bn | TWD 2.52bn |
| Debt | TWD 956.2m | TWD 3.28bn | TWD 3.13bn | TWD 3.54bn | TWD 2.70bn | TWD 1.91bn | TWD 919.9m | TWD 261.0m | TWD 90.5m | TWD 40.3m |
| Shareholders' equity | TWD 8.00bn | TWD 7.57bn | TWD 6.19bn | TWD 7.00bn | TWD 5.16bn | TWD 4.46bn | TWD 4.10bn | TWD 3.85bn | TWD 3.65bn | TWD 3.36bn |
| Shares outstanding | 152m | 146m | 138m | 146m | 135m | 135m | 135m | 135m | 134m | 132m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 1.22bn | TWD 1.45bn | TWD 3.16bn | TWD 2.36bn | TWD 752.0m | TWD 1.36bn | TWD 1.03bn | TWD 408.1m | TWD 621.5m | TWD 890.1m |
| Capital spending | −TWD 1.08bn | −TWD 1.81bn | −TWD 1.10bn | −TWD 1.09bn | −TWD 1.06bn | −TWD 759.1m | −TWD 745.5m | −TWD 669.1m | −TWD 256.1m | −TWD 251.1m |
| Free cash flow | TWD 145.5m | −TWD 360.4m | TWD 2.06bn | TWD 1.27bn | −TWD 310.6m | TWD 602.7m | TWD 288.1m | −TWD 261.0m | TWD 365.3m | TWD 639.0m |
| Dividends paid | −TWD 624.0m | −TWD 220.1m | −TWD 1.23bn | −TWD 727.8m | −TWD 365.3m | −TWD 311.2m | −TWD 297.7m | −TWD 351.8m | −TWD 173.4m | −TWD 93.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.19bn | TWD 4.10bn | TWD 4.72bn | TWD 2.80bn | TWD 3.33bn | TWD 4.55bn | TWD 4.39bn | TWD 2.88bn |
| Gross profit | TWD 374.6m | TWD 568.3m | TWD 770.0m | TWD 457.7m | TWD 414.4m | TWD 754.5m | TWD 726.5m | TWD 357.2m |
| Operating income | TWD 6.4m | — | — | — | TWD 74.2m | — | — | −TWD 27.9m |
| Net income | TWD 2.6m | TWD 204.6m | TWD 404.4m | TWD 212.0m | −TWD 329.2m | TWD 662.3m | TWD 376.3m | −TWD 68.8m |
| Diluted earnings per share | 0.02 | 1.35 | 2.66 | 1.40 | -2.19 | 4.42 | 2.58 | -0.47 |
| Cash from operations | TWD 553.0m | TWD 1.56bn | −TWD 832.0m | TWD 431.0m | TWD 487.0m | TWD 1.14bn | −TWD 244.0m | −TWD 160.0m |
| Capital spending | −TWD 93.0m | −TWD 76.0m | −TWD 149.0m | −TWD 183.0m | −TWD 334.0m | −TWD 408.0m | −TWD 430.0m | −TWD 465.0m |
| Free cash flow | TWD 460.0m | TWD 1.49bn | −TWD 981.0m | TWD 248.0m | TWD 153.0m | TWD 728.0m | −TWD 674.0m | −TWD 625.0m |
| Total assets | TWD 12.87bn | TWD 13.96bn | TWD 14.80bn | TWD 13.86bn | TWD 12.85bn | TWD 15.09bn | TWD 15.01bn | TWD 13.62bn |
| Debt | TWD 843.1m | TWD 1.12bn | TWD 956.2m | TWD 964.5m | TWD 607.5m | TWD 694.1m | TWD 259.1m | TWD 290.0m |
| Shareholders' equity | TWD 7.67bn | TWD 7.66bn | TWD 8.00bn | TWD 7.48bn | TWD 7.15bn | TWD 7.69bn | TWD 7.57bn | TWD 6.71bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 15.6% | 15.7% | 16.1% | 20.3% | 19.0% | 18.0% | — |
| Operating margin | 6.4% | 5.3% | 6.5% | 15.4% | 10.9% | 8.0% | — |
| Net margin | 6.2% | 7.3% | 0.5% | 10.5% | 8.0% | 5.6% | — |
| Return on equity | 11.9% | 13.8% | 1.1% | 32.0% | 26.1% | 15.3% | — |
| Return on assets | 6.4% | 6.9% | 0.5% | 13.3% | 10.3% | 6.3% | — |
| Free cash flow yield | — | 42.9% | 59.2% | 45.4% | 25.7% | 30.1% | 25.3% |
| Revenue growth | 8.6% | -0.7% | -33.2% | 26.7% | 40.0% | 2.7% | — |
| Earnings growth | -8.9% | 1411.8% | -96.9% | 66.3% | 98.0% | 10.6% | — |
| Current ratio | 1.81x | 1.43x | 1.67x | 1.72x | 1.36x | 1.42x | — |
| Debt to equity | 0.12x | 0.03x | 0.42x | 0.42x | 0.40x | 0.30x | — |
| Equity ratio | 54.1% | 50.4% | 46.0% | 41.6% | 39.6% | 41.2% | — |
| Interest coverage | 9.73x | 7.59x | 9.01x | 55.34x | 64.75x | 27.77x | — |
| R&D as a share of sales | 4.6% | 5.6% | 4.1% | 3.5% | 4.0% | 4.3% | — |
| Buybacks as a share of market value | — | -6.1% | 5.7% | -8.0% | -0.2% | -0.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | 5.0% | 5.8% |
| Operating income | -33.0% | 0.5% | 30.6% |
| Net income | -24.9% | 6.9% | 65.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.6% | 17.3% | 17.7% | 16.5% |
| Operating margin | 5.9% | 9.2% | 9.3% | 8.0% |
| Net margin | 6.7% | 6.6% | 6.7% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.2 | 10.5 | 145.3 | 6.2 | 7.5 | 8.1 | 8.9 | 8.8 | 10.8 | 9.6 |
| Price to sales | 0.7 | 0.8 | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 27 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 4.00 | 4.089 | 1.60 | 8.975 | 5.50 |
- 101.987-for-100 split · 25 Jul 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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