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T

Taiwan Paiho 9938.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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34.90

0.00%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 15.78bn

FY2016FY2025

Net income

TWD 1.22bn

FY2016FY2025

Free cash flow

TWD 407.3m

FY2016FY2025

Shareholders' equity

TWD 13.33bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 15.78bnTWD 15.46bnTWD 12.45bnTWD 16.27bnTWD 18.29bnTWD 14.65bnTWD 15.30bnTWD 13.72bnTWD 11.75bnTWD 10.63bn
Gross profitTWD 5.56bnTWD 5.64bnTWD 3.83bnTWD 5.59bnTWD 6.93bnTWD 5.38bnTWD 5.47bnTWD 4.98bnTWD 4.70bnTWD 4.18bn
Research and developmentTWD 551.5mTWD 514.8mTWD 514.0mTWD 543.8mTWD 558.2mTWD 554.6mTWD 612.9mTWD 476.4mTWD 323.7mTWD 294.7m
Operating incomeTWD 2.57bnTWD 2.76bnTWD 1.03bnTWD 2.76bnTWD 4.18bnTWD 2.89bnTWD 2.83bnTWD 2.39bnTWD 2.67bnTWD 2.32bn
Net incomeTWD 1.22bnTWD 1.42bnTWD 581.2mTWD 1.52bnTWD 2.06bnTWD 1.55bnTWD 1.52bnTWD 1.36bnTWD 1.62bnTWD 1.49bn
Diluted earnings per share3.334.751.955.096.905.205.124.585.435.01

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 34.16bnTWD 32.74bnTWD 31.67bnTWD 31.83bnTWD 28.94bnTWD 31.74bnTWD 27.63bnTWD 26.63bnTWD 21.45bnTWD 16.75bn
Cash and short-term investmentsTWD 4.14bnTWD 3.73bnTWD 4.09bnTWD 4.10bnTWD 3.75bnTWD 7.34bnTWD 3.42bnTWD 4.29bnTWD 2.75bnTWD 3.07bn
Total liabilitiesTWD 17.22bnTWD 16.22bnTWD 17.77bnTWD 17.35bnTWD 15.31bnTWD 19.29bnTWD 15.96bnTWD 15.53bnTWD 10.84bnTWD 6.82bn
DebtTWD 12.21bnTWD 11.68bnTWD 12.96bnTWD 12.07bnTWD 8.81bnTWD 11.16bnTWD 11.21bnTWD 9.99bnTWD 6.90bnTWD 3.67bn
Shareholders' equityTWD 13.33bnTWD 13.20bnTWD 11.56bnTWD 11.78bnTWD 10.76bnTWD 9.81bnTWD 9.30bnTWD 8.78bnTWD 8.31bnTWD 7.83bn
Shares outstanding367m298m298m299m299m299m297m297m298m298m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 2.34bnTWD 2.74bnTWD 1.36bnTWD 3.07bnTWD 2.29bnTWD 5.26bnTWD 1.77bnTWD 2.68bnTWD 1.16bnTWD 2.17bn
Capital spending−TWD 1.94bn−TWD 1.41bn−TWD 1.73bn−TWD 3.72bn−TWD 1.47bn−TWD 1.51bn−TWD 2.96bn−TWD 2.91bn−TWD 3.65bn−TWD 1.69bn
Free cash flowTWD 407.3mTWD 1.33bn−TWD 370.8m−TWD 647.4mTWD 822.8mTWD 3.75bn−TWD 1.18bn−TWD 236.1m−TWD 2.49bnTWD 486.7m
Dividends paid−TWD 893.9m−TWD 298.0m−TWD 744.9m−TWD 1.04bn−TWD 893.9m−TWD 893.9m−TWD 774.7m−TWD 893.9m−TWD 893.9m−TWD 595.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 3.80bnTWD 4.04bnTWD 3.77bnTWD 4.17bnTWD 3.59bnTWD 4.25bnTWD 3.86bnTWD 4.32bn
Gross profitTWD 1.13bnTWD 1.28bnTWD 1.19bnTWD 1.49bnTWD 1.24bnTWD 1.64bnTWD 1.38bnTWD 1.65bn
Operating incomeTWD 381.0mTWD 520.7mTWD 413.5mTWD 742.1mTWD 527.3mTWD 892.2mTWD 566.9mTWD 931.2m
Net incomeTWD 126.7mTWD 260.1mTWD 218.2mTWD 344.7mTWD 200.8mTWD 457.4mTWD 278.3mTWD 456.2m
Diluted earnings per share0.491.000.590.940.551.250.931.53
Cash from operations—TWD 22.0mTWD 831.0mTWD 194.0mTWD 1.02bnTWD 292.0mTWD 1.05bnTWD 1.08bn
Capital spending—−TWD 396.0m−TWD 603.0m−TWD 480.0m−TWD 588.0m−TWD 264.0m−TWD 182.0m−TWD 316.0m
Free cash flow—−TWD 374.0mTWD 228.0m−TWD 286.0mTWD 430.0mTWD 28.0mTWD 872.0mTWD 763.0m
Total assets—TWD 35.75bnTWD 34.16bnTWD 32.50bnTWD 30.63bnTWD 34.10bnTWD 32.74bnTWD 33.32bn
Cash and short-term investments—TWD 5.07bnTWD 4.14bnTWD 3.56bnTWD 3.36bnTWD 4.10bnTWD 3.73bnTWD 4.25bn
Debt—TWD 13.56bnTWD 12.21bnTWD 11.67bnTWD 10.32bnTWD 12.21bnTWD 11.55bnTWD 12.77bn
Shareholders' equity—TWD 12.90bnTWD 13.33bnTWD 12.66bnTWD 11.95bnTWD 12.91bnTWD 13.20bnTWD 12.66bn

Financial ratios

Data as of 30 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin35.3%36.5%30.8%34.4%37.9%36.7%
Operating margin16.3%17.8%8.3%17.0%22.9%19.7%
Net margin7.7%9.2%4.7%9.3%11.3%10.6%
Return on equity9.2%10.7%5.0%12.9%19.1%15.8%
Return on assets3.6%4.3%1.8%4.8%7.1%4.9%
Free cash flow yield30.5%36.4%27.1%59.3%32.9%59.2%
Revenue growth2.0%24.2%-23.5%-11.0%24.9%-4.3%
Earnings growth-13.8%143.7%-61.8%-26.2%32.7%1.9%
Current ratio1.29x1.23x1.06x0.86x1.65x1.41x
Debt to equity0.92x0.87x1.13x1.02x0.81x1.13x
Equity ratio39.0%40.3%36.5%37.0%37.2%30.9%
Interest coverage4.61x4.55x1.67x9.54x30.34x15.01x
R&D as a share of sales3.5%3.3%4.1%3.3%3.1%3.8%
Buybacks as a share of market value-23.1%0.2%0.2%-0.1%0.0%-0.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.0%1.5%5.3%
Operating income-2.3%-2.3%3.0%
Net income-7.0%-4.7%0.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin35.9%34.4%35.5%36.3%
Operating margin17.1%15.2%17.4%18.4%
Net margin8.4%7.9%9.0%10.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings15.214.329.611.211.814.216.410.822.319.0
Price to sales1.21.31.41.01.31.51.61.13.12.7

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 4 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year3.003.001.002.503.503.003.002.60
  • 1.07-for-1 split · 31 Aug 2012
  • 21-for-20 split · 2 Aug 2010
  • 11-for-10 split · 29 Jul 2008
  • 11-for-10 split · 9 Aug 2007
  • 1.11-for-1 split · 23 Aug 2006
  • 1.09-for-1 split · 9 Aug 2005

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.