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Taiwan Fu Hsing Industrial Co 9924.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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37.65

+0.53%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 7.38bn

FY2016FY2025

Net income

TWD 533.5m

FY2016FY2025

Free cash flow

−TWD 273.2m

FY2016FY2025

Shareholders' equity

TWD 7.04bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 7.38bnTWD 8.04bnTWD 9.07bnTWD 9.53bnTWD 9.69bnTWD 9.03bnTWD 8.68bnTWD 8.30bnTWD 8.01bnTWD 8.40bn
Gross profitTWD 1.62bnTWD 1.91bnTWD 2.06bnTWD 1.85bnTWD 1.69bnTWD 2.16bnTWD 2.06bnTWD 1.72bnTWD 1.64bnTWD 2.12bn
Research and developmentTWD 198.5mTWD 194.6mTWD 194.3mTWD 195.6mTWD 208.7mTWD 205.3mTWD 196.7mTWD 186.3mTWD 171.5mTWD 202.7m
Operating incomeTWD 722.9mTWD 956.9mTWD 1.15bnTWD 903.2mTWD 762.6mTWD 1.22bnTWD 1.16bnTWD 829.7mTWD 808.4mTWD 1.11bn
Net incomeTWD 533.5mTWD 909.5mTWD 947.3mTWD 909.8mTWD 667.5mTWD 823.8mTWD 825.7mTWD 693.1mTWD 550.0mTWD 819.7m
Diluted earnings per share3.404.654.874.533.534.384.383.682.934.34

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 9.10bnTWD 9.69bnTWD 9.64bnTWD 9.21bnTWD 8.82bnTWD 9.02bnTWD 8.36bnTWD 7.88bnTWD 7.48bnTWD 7.58bn
Cash and short-term investmentsTWD 2.55bnTWD 3.51bnTWD 3.08bnTWD 2.64bnTWD 2.15bnTWD 2.44bnTWD 2.42bnTWD 2.03bnTWD 2.15bnTWD 2.54bn
Total liabilitiesTWD 2.01bnTWD 2.15bnTWD 2.60bnTWD 2.50bnTWD 2.71bnTWD 3.06bnTWD 2.76bnTWD 2.56bnTWD 2.33bnTWD 2.34bn
DebtTWD 397.0mTWD 327.8mTWD 400.6mTWD 422.5mTWD 401.4mTWD 491.9mTWD 602.9mTWD 378.5mTWD 97.0mTWD 48.4m
Shareholders' equityTWD 7.04bnTWD 7.49bnTWD 6.98bnTWD 6.65bnTWD 6.05bnTWD 5.84bnTWD 5.46bnTWD 5.19bnTWD 5.03bnTWD 5.13bn
Shares outstanding157m195m195m201m189m188m189m188m188m189m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 303.6mTWD 1.44bnTWD 842.8mTWD 1.37bnTWD 801.1mTWD 229.4mTWD 1.27bnTWD 563.1mTWD 777.9mTWD 1.48bn
Capital spending−TWD 576.8m−TWD 284.5m−TWD 449.1m−TWD 551.5m−TWD 166.9m−TWD 179.1m−TWD 333.0m−TWD 761.2m−TWD 558.2m−TWD 100.0m
Free cash flow−TWD 273.2mTWD 1.16bnTWD 393.7mTWD 822.4mTWD 634.3mTWD 50.3mTWD 932.5m−TWD 198.0mTWD 219.7mTWD 1.38bn
Dividends paid−TWD 584.2m−TWD 565.4m−TWD 546.5m−TWD 452.3m−TWD 490.0m−TWD 490.0m−TWD 452.3m−TWD 376.9m−TWD 527.7m−TWD 527.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 1.86bnTWD 1.48bnTWD 1.71bnTWD 1.98bnTWD 1.93bnTWD 1.77bnTWD 1.94bnTWD 2.22bn
Gross profitTWD 354.2mTWD 295.4mTWD 367.9mTWD 402.7mTWD 430.4mTWD 422.3mTWD 455.2mTWD 565.6m
Operating incomeTWD 107.9mTWD 71.2mTWD 116.0mTWD 184.1mTWD 224.1mTWD 197.4mTWD 200.0mTWD 329.5m
Net incomeTWD 86.7mTWD 81.1mTWD 146.1mTWD 236.5m−TWD 48.0mTWD 198.9mTWD 212.9mTWD 217.5m
Diluted earnings per share0.560.520.931.51-0.311.271.091.11
Cash from operationsTWD 6.0m−TWD 45.0mTWD 386.0mTWD 60.0m−TWD 625.0mTWD 481.0mTWD 435.0m−TWD 74.0m
Capital spending−TWD 105.0m−TWD 140.0m−TWD 318.0m−TWD 150.0m−TWD 45.0m−TWD 61.0m−TWD 102.0m−TWD 133.0m
Free cash flow−TWD 99.0m−TWD 185.0mTWD 68.0m−TWD 90.0m−TWD 670.0mTWD 420.0mTWD 333.0m−TWD 207.0m
Total assetsTWD 9.04bnTWD 8.99bnTWD 9.10bnTWD 8.85bnTWD 8.85bnTWD 9.72bnTWD 9.69bnTWD 9.48bn
Cash and short-term investmentsTWD 1.81bnTWD 2.09bnTWD 2.55bnTWD 2.73bnTWD 2.55bnTWD 3.53bnTWD 3.51bnTWD 3.13bn
DebtTWD 390.5mTWD 365.0mTWD 397.0mTWD 242.5mTWD 276.2mTWD 306.2mTWD 277.8mTWD 326.3m
Shareholders' equityTWD 6.87bnTWD 6.74bnTWD 7.04bnTWD 6.77bnTWD 6.82bnTWD 7.13bnTWD 7.49bnTWD 7.29bn

Financial ratios

Data as of 10 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin22.0%23.8%22.8%19.4%17.4%24.0%
Operating margin9.6%15.3%14.2%12.7%8.4%12.3%
Net margin7.2%11.3%10.4%9.5%6.9%9.1%
Return on equity7.6%12.1%13.6%13.7%11.0%14.1%
Return on assets5.9%9.4%9.8%9.9%7.6%9.1%
Free cash flow yield14.8%23.3%17.5%25.3%13.5%5.7%
Revenue growth-8.2%-11.4%-4.8%-1.6%7.2%4.1%
Earnings growth-41.3%-4.0%4.1%36.3%-19.0%-0.2%
Current ratio2.85x3.33x2.89x2.89x2.71x2.50x
Debt to equity0.06x0.04x0.05x0.06x0.06x0.08x
Equity ratio77.3%77.3%72.4%72.2%68.6%64.8%
Interest coverage97.50x132.47x161.07x197.60x139.11x154.55x
R&D as a share of sales2.7%2.4%2.1%2.1%2.2%2.3%
Buybacks as a share of market value19.8%-0.5%3.0%-6.1%-0.5%0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-8.2%-4.0%-0.8%
Operating income-7.2%-9.9%-1.6%
Net income-16.3%-8.3%-3.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin22.9%21.9%21.4%21.9%
Operating margin10.9%11.0%10.8%11.1%
Net margin9.4%9.7%9.1%9.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings15.413.812.311.314.712.812.511.616.012.0
Price to sales1.11.61.31.11.01.21.21.01.11.2

Dividends and splits

Per share, in the currency the company pays

Paid for 28 years. Last went ex-dividend on 7 Oct 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year6.3753.753.6253.003.253.253.002.50
  • 1000-to-800 reverse split · 7 Oct 2025
  • 1000-to-800 reverse split · 25 Sept 2025
  • 1.01-for-1 split · 19 Jul 2005
  • 21-for-20 split · 16 Jul 2002
  • 1.04-for-1 split · 5 Jul 2001
  • 1.07-for-1 split · 10 Jul 2000

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.