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Taiwan Mask Corporation

Taiwan Mask Corporation

2338.TW
Taiwan Mask CorporationTW flagTaiwan Stock Exchange
47.70
TWD
-0.30
- -
12.33BMarket Cap
Taiwan Mask Corporation
2338.TW
(Taiwan Stock Exchange)

Recent

price

47.70

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
8.44
8.26
8.35
7.08
7.13
6.06
5.09
6.24
14.57
17.44
22.5
28.61
36.65
33.99
34.97
24.8
23.39
Revenue per Share
0.76
0.5
0.48
0.17
0.24
-0.15
-0.7
-0.32
1.01
2.17
3.3
5.4
3.33
1.73
-2.18
-4.82
-3.02
Basic EPS, GAAP
2.92
1.63
2.68
0.84
0.5
0.79
-0.05
2.04
-1.85
-0.18
-10.14
-14.89
-7.31
-11.47
-0.54
4.32
6.37
Free Cash Flow per Basic Share
0.44
0.73
0.97
0.34
0.57
0.48
0.29
- -
- -
0.82
1.04
1.52
1.94
2.51
1.48
- -
- -
Dividend per Share
10.22
10.36
10.65
14.08
10.8
10.08
10.06
10.72
13.77
14.88
16.11
18.96
20.33
19.02
14.55
8.15
10.21
Book Value per Share
15.14
15.81
15.91
15.94
15.49
14.59
13.64
10.67
12.42
15.05
15.79
20.61
18.64
20.67
15.8
16.59
23.17
Tangible Book Value per Share
305
272
255
249
248
245
235
229
198
199
207
212
211
212
216
243
254
Basic Weighted Avg Shares
2,572
2,251
2,127
1,761
1,767
1,485
1,196
1,427
2,886
3,469
4,667
6,077
7,741
7,200
7,562
6,038
5,949
Sales/Revenue/Turnover
11.96
10.18
9
1.17
2.05
-6.59
-14.47
-0.55
8.9
0.41
7.33
7.12
16.26
10.53
4
-9.94
-7.86
Operating Margin (%)
550
419
355
320
291
264
208
163
150
287
387
502
614
986
1,376
1,548
1,565
Depreciation Expense
232
136
122
43
60
-37
-165
-74
199
431
684
1,147
704
366
-473
-1,174
-767
Net Income, GAAP
16.5
26.55
22.08
3.18
31.82
- -
- -
- -
28.4
16.71
22.87
25.6
33.85
63.15
- -
- -
6.14
Effective Tax Rate (%)
9.02
6.06
5.73
2.42
3.41
-2.5
-13.81
-5.2
6.9
12.43
14.65
18.87
9.09
5.09
-6.25
-19.44
-12.9
Profit Margin (%)
2,249
2,320
1,913
1,885
1,969
1,980
1,685
1,067
496
541
-1,248
2,293
-1,076
-2,713
-2,141
-3,033
-1,800
Working Capital
412
228
44
- -
- -
- -
- -
25
- -
832
1,898
4,933
6,304
7,071
7,085
4,706
3,860
LT Debt
4,634
4,330
4,079
3,990
3,884
3,618
3,218
2,479
2,574
3,121
3,448
4,874
4,434
5,110
4,072
4,346
6,189
Total Equity
4.79
3.49
3.42
0.49
0.63
- -
- -
- -
6.35
0.3
4.09
2.86
5.43
1.59
- -
- -
- -
Return on Invested Capital (%)
4.96
2.42
2.13
0.62
1.81
- -
- -
- -
8.6
13.92
14.45
14.45
7.44
4.03
- -
- -
1.84
Return on Capital (%)
7.01
4.6
4.4
1.37
1.95
-1.44
-6.83
-3.08
7.69
15.17
21.71
31.12
16.91
8.8
-13.17
-45.76
-31.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,264
6,598
6,137
LT Borrowings
4,803
4,340
3,502
LT Finance Leases
370
366
358
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
281
281
327
Market Capitalization
9,251
8,125
11,011

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,177
5,277
6,285
Cash, Cash Equivalents & STI
3,162
3,422
4,251
Accounts Receivable, Net
958
921
1,052
Inventories
659
419
421
Total Current Liabilities
8,261
8,310
8,085
Payables & Accruals
- -
- -
- -
ST Debt
6,264
6,598
6,137
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.56%
6.8%
6.73%
Free Cash Flow
13.7%
-207.13%
-997.03%
Net Income, GAAP
-0.24%
-19.92%
148.39%
Sales/Revenue/Turnover
19.23%
7.1%
-20.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,850
1,998
1,796
1,918
7,562
2025
1,628
1,590
1,450
1,370
6,038
2026
1,539
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.12
-1.14
-0.95
- -
-2.18
2025
-1.2
-1.83
-0.61
- -
-4.82
2026
0.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.48
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Taiwan Mask Corporation (2338.TW), founded in 1988 and headquartered in Hsinchu Science Park, Taiwan, engages in the research, development, manufacture, and sale of photomasks for semiconductor production; provides photomasks for diodes, transistors, integrated circuits, liquid crystal displays, charge-coupled devices, light-emitting diodes, and wafer-level chip scale packaging; offers technology support, consulting, testing, maintenance, and repair services for photomasks; delivers mask rule check, remote job deck verification, and CAD design layout services; conducts precious metal coating, 3D printing, plastic mold design, packaging, and testing; manufactures and sells medical equipment, power components, and electronic materials; and distributes precision equipment with retail and wholesale operations. The company operates primarily in Taiwan, Asia, and internationally, serving IC and non-IC microstructure process customers including leading wafer fabs. TMC maintains 40nm and 65nm processes as mainstays while expanding capacities for advanced nodes; undertakes a major business expansion with construction of a new fabrication facility in Tongluo Science Park to support 28nm processes and broader products; reported full-year earnings results for December 31, 2024, and announced a financing transaction; enhances process yield specifications and deploys optical proximity correction and phase-shift mask technologies for 8-inch and 12-inch wafer fabs; and fulfills social responsibilities through its charity foundation, sustainability initiatives, and partnerships like Synology for data protection.