1. Taiwan, Province of China Stocks

  2. •

    Technology

  3. •

    Communication Equipment
Tecom Co., Ltd.

Tecom Co., Ltd.

2321.TW
Tecom Co., Ltd.TW flagTaiwan Stock Exchange
14.65
TWD
+0.55
- -
234.63MMarket Cap
Tecom Co., Ltd.
2321.TW
(Taiwan Stock Exchange)

Recent

price

14.65

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
581.39
613.25
513.15
500.54
436.08
288.68
290.1
218.25
171.8
110.64
76.09
75.72
71.51
56.89
44.68
- -
36.11
Revenue per Share
-38.43
-40.35
-47.52
0.44
-6.08
-5.57
3.36
-4.34
-3.32
-8.16
-2.81
0.37
0.66
-2.55
-1.04
- -
-0.9
Basic EPS, GAAP
-97.18
-54.42
-10.97
15.9
24.11
-5.7
-6.42
14.89
10.87
-11.45
2.75
-1.34
4.8
2.73
3.08
- -
-2.23
Free Cash Flow per Basic Share
- -
- -
- -
- -
1.73
2.52
0.08
0.89
0.47
- -
0.94
0.4
0.8
1.47
1.07
- -
- -
Dividend per Share
90.91
54.09
-194.24
-193.49
-199.58
-205.11
-201.76
-206.02
-86.11
-94.54
-14.83
-14.23
1.28
1.87
2.54
- -
10.96
Book Value per Share
183.53
90.12
-195.51
-191.69
-198.59
-207.35
-197.72
-197.22
-75.74
-74.62
-1.53
-1.76
22.1
21.46
19.76
- -
29.19
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
- -
15
Basic Weighted Avg Shares
8,298
8,700
7,254
7,076
6,165
4,081
4,101
3,085
2,429
1,564
1,076
1,070
1,011
804
631
733
545
Sales/Revenue/Turnover
-10.71
-9.59
-7.27
0.86
-0.21
-1.95
1.1
-2.15
-4.13
-9.79
-5.05
0.64
2.04
-2.71
-3.19
-0.77
-1.61
Operating Margin (%)
230
290
130
89
70
54
54
49
37
46
29
26
26
27
27
24
18
Depreciation Expense
-548
-572
-672
6
-86
-79
47
-61
-47
-115
-40
5
9
-36
-15
-12
-14
Net Income, GAAP
- -
- -
- -
1.46
- -
- -
9.3
- -
- -
- -
- -
22.46
20.66
- -
- -
- -
16.75
Effective Tax Rate (%)
-6.61
-6.58
-9.26
0.09
-1.39
-1.93
1.16
-1.99
-1.93
-7.38
-3.69
0.49
0.93
-4.49
-2.33
-1.67
-2.5
Profit Margin (%)
359
1,198
567
85
80
195
188
268
164
108
53
-17
24
21
11
242
242
Working Capital
300
700
578
- -
- -
192
162
300
250
510
479
394
385
177
168
355
355
LT Debt
2,711
1,308
591
633
530
409
548
550
599
613
479
479
475
465
441
444
444
Total Equity
- -
- -
- -
2.77
- -
- -
2.43
- -
- -
- -
- -
0.32
0.98
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
1.34
- -
- -
3.06
- -
- -
- -
- -
0.55
0.32
- -
- -
- -
2.58
Return on Capital (%)
-34.89
-55.44
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-162.45
-47.2
-12.17
-13.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
256
- -
219
LT Borrowings
200
- -
200
LT Finance Leases
158
- -
155
Preferred Equity and Hybrid Capital
160
- -
- -
Shares Outstanding
14
14
30
Market Capitalization
233
260
239

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
640
- -
641
Cash, Cash Equivalents & STI
356
- -
345
Accounts Receivable, Net
138
- -
116
Inventories
110
- -
121
Total Current Liabilities
434
- -
399
Payables & Accruals
- -
- -
- -
ST Debt
256
- -
219
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.62%
-1.48%
0.7%
Free Cash Flow
-144.89%
-154.67%
-136.03%
Net Income, GAAP
-92.86%
-119.24%
-16.63%
Sales/Revenue/Turnover
-14.43%
-6.39%
16.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
181
201
198
223
804
2024
164
171
131
166
631
2025
170
200
- -
175
733

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-1.3
-0.67
-0.28
- -
-2.55
2024
-0.59
-0.43
0.21
- -
-1.04
2025
-0.48
0.1
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.47
2024
- -
- -
- -
- -
1.07
2025
- -
- -
- -
- -
- -
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Business
Tecom Co., Ltd. (2321.TW) manufactures and sells electronic materials and components for the semiconductor, optoelectronics, and display industries. The company produces a range of core products including glass substrates for LCD and OLED panels; polarizers and retardation films for flat panel displays; functional films such as touch sensor films, anti-reflective films, and diffusion films; encapsulation films for semiconductor packaging; and carrier tapes and other precision materials used in electronics assembly. Tecom offers related services like custom coating, lamination, and precision slitting for these materials, primarily serving display panel makers, semiconductor firms, and electronics manufacturers in consumer electronics, automotive, and industrial applications. Founded in 1980 and headquartered in Miaoli, Taiwan, Tecom operates production facilities in Taiwan, China, and South Korea, with sales networks across Asia, Europe, and North America targeting major clients in the flat panel display and semiconductor sectors. The company focuses on high-precision optical and functional films, positioning itself as a key supplier in the advanced materials segment of the electronics supply chain. In recent developments, Tecom expanded its OLED encapsulation film production capacity in 2024 through investments in new equipment at its Taiwan facilities to meet growing demand from flexible display manufacturers. The company formed a strategic partnership with a leading South Korean OLED panel producer in early 2025 to co-develop next-generation barrier films, enhancing its position in the premium display market. Additionally, Tecom completed the acquisition of a minority stake in a Chinese precision coating subsidiary in late 2024, bolstering its supply chain resilience amid global trade shifts.