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Fulltech Fiber Glass Corp.

Fulltech Fiber Glass Corp.

1815.TWO
Fulltech Fiber Glass Corp.TW flagTaipei Exchange
104.00
TWD
-2.50
- -
60.77BMarket Cap
Fulltech Fiber Glass Corp.
1815.TWO
(Taipei Exchange)

Recent

price

104.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.48
13.76
12.36
10.09
10.53
10.87
10.95
10.51
11.08
9.98
7.75
11.93
10.06
6.99
9.04
- -
11.05
Revenue per Share
2.09
1.55
0.15
0.07
0.12
0.95
0.99
1.06
0.9
-0.22
-1.08
1.37
0.07
-1.42
0.13
- -
1.58
Basic EPS, GAAP
-3.98
-0.15
-1.42
0.99
1.54
1.96
1.82
-0.35
-0.58
-1.94
-0.5
2.11
2.63
-1.21
-2.16
- -
-3.16
Free Cash Flow per Basic Share
- -
0.72
0.17
- -
0.14
0.19
0.32
0.46
0.6
0.47
- -
- -
0.56
0.1
- -
- -
- -
Dividend per Share
11.35
10.57
10.4
11.75
10.03
10.88
11.52
11.76
11.87
10.15
9.41
11.34
10.22
9.01
10.18
- -
11.64
Book Value per Share
14
14.34
15.17
15.91
14.47
15.22
15.73
16.43
16.14
15.56
14.96
16.91
16
14.4
16.51
- -
23.29
Tangible Book Value per Share
279
313
347
408
442
442
438
458
456
449
443
441
462
458
470
- -
541
Basic Weighted Avg Shares
3,756
4,307
4,283
4,110
4,651
4,804
4,798
4,812
5,052
4,480
3,428
5,256
4,651
3,200
4,247
5,975
5,975
Sales/Revenue/Turnover
22.62
13.44
6.54
1.63
2.97
10.91
12.45
14.68
14.03
2.85
-18.01
13.4
4.8
-16.34
2.12
15.61
15.61
Operating Margin (%)
504
682
656
670
635
650
633
626
692
774
799
788
746
705
716
928
928
Depreciation Expense
581
486
50
29
54
420
436
486
409
-100
-479
601
32
-651
63
857
857
Net Income, GAAP
5.27
- -
74.84
- -
20.67
14.21
17.84
16.34
27.47
- -
- -
9.74
43.26
- -
- -
17.27
17.27
Effective Tax Rate (%)
15.47
11.29
1.17
0.7
1.16
8.75
9.08
10.11
8.09
-2.23
-13.98
11.44
0.68
-20.35
1.48
14.34
14.34
Profit Margin (%)
56
-58
174
1,702
872
1,110
1,349
2,020
1,884
2,570
940
682
2,045
1,857
2,921
4,251
4,251
Working Capital
6,158
5,718
5,409
5,445
4,195
3,546
3,345
4,170
5,120
6,518
5,215
3,643
4,718
4,718
5,382
3,400
3,400
LT Debt
3,907
4,494
5,261
6,487
6,393
6,726
6,894
7,525
7,356
6,984
6,619
7,449
7,395
6,590
7,752
12,597
12,597
Total Equity
7.5
- -
0.55
- -
0.91
3.93
4.26
4.87
3.95
- -
- -
4.6
0.94
- -
- -
4.95
4.95
Return on Invested Capital (%)
7.11
- -
0.88
- -
1.48
5.44
5.37
5.53
4.49
- -
- -
6.31
1.02
- -
- -
9.27
9.27
Return on Capital (%)
20.67
15.02
1.45
0.68
1.17
9.1
8.84
9.32
7.57
-2
-10.99
13.13
0.65
-14.72
1.41
15.47
15.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
1,153
2,589
1,117
LT Borrowings
5,119
4,252
3,053
LT Finance Leases
343
345
347
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
526
527
580
Market Capitalization
18,455
35,593
51,063

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
4,911
5,370
6,651
Cash, Cash Equivalents & STI
1,395
1,457
2,348
Accounts Receivable, Net
1,535
1,815
2,058
Inventories
1,774
1,853
2,058
Total Current Liabilities
2,121
3,650
2,399
Payables & Accruals
- -
- -
- -
ST Debt
1,153
2,589
1,117
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.02%
16.21%
62.51%
Free Cash Flow
-39.34%
-96.94%
68.88%
Net Income, GAAP
-107.92%
-266.73%
1,262.05%
Sales/Revenue/Turnover
5.44%
16.8%
40.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
939
774
778
709
3,200
2024
763
1,079
1,118
1,287
4,247
2025
1,383
1,422
1,533
1,637
5,975

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.07
-0.33
-0.23
- -
-1.42
2024
-0.13
-0.01
-0.03
- -
0.13
2025
0.33
-0.06
0.53
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.1
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Fulltech Fiber Glass Corp. (1815.TWO) manufactures and sells electronic-grade and industrial-grade fiberglass yarns and fabrics primarily for printed circuit boards, consumer electronics, and insulation applications. The company operates through Fiberglass Yarn and Fiberglass Fabric segments; its core products include electronic-grade yarns such as G75, G67, G37, E225, E110, G150, D450, D900, C1200, and BC1500, alongside fabrics like 1027, 1037, 106, 1080, and 2116; industrial-grade yarns comprise G37/K37, H18, H25, G150, and DE Yarn, serving end-uses in desktop and laptop computers, cellular phones including iPhones, HDI PCBs, RF devices, multi-layer PCBs, network appliances, handheld game consoles, e-readers, iPads, energy-saving building insulation, filter bags, fireproofing materials, corrosion-resistant tubes, grinding wheels, aerospace interiors, and thermal insulation. Fulltech Fiber Glass Corp. was founded in 1999 and is headquartered in Douliu City, Taiwan, with manufacturing operations in Taiwan and the People's Republic of China, including a subsidiary Fulltech (Dongguan) Fiberglass Co., Ltd.; it employs approximately 643 people and distributes products domestically and internationally to electronics, aerospace, military, and industrial markets. In recent developments, the company has significantly expanded production capacities to 80,000 metric tons annually for electronic-grade fiberglass yarn (assuming G75 equivalent) and 120 million square meters for fiberglass fabric (assuming 7628 type), alongside reporting robust revenue growth of 32.71% to TWD 4.25 billion in fiscal year 2024 and a third-quarter 2025 net profit turnaround to EPS of TWD 0.54 from a prior-year loss.