1. Taiwan, Province of China Stocks

  2. •

    Technology

  3. •

    Computer Hardware
Shuttle Inc.

Shuttle Inc.

2405.TW
Shuttle Inc.TW flagTaiwan Stock Exchange
17.50
TWD
+0.55
- -
6.01BMarket Cap
Shuttle Inc.
2405.TW
(Taiwan Stock Exchange)

Recent

price

17.50

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
23.13
27.98
41.67
47.5
19.49
14.8
12.34
14.41
12.45
9.35
5.14
5.42
5.05
4.98
4.85
- -
5.05
Revenue per Share
-1.4
0.03
0.96
1.38
-0.71
-0.63
-0.29
-0.46
-0.4
0.01
0.17
0.58
0.16
0.04
0.03
- -
-0.2
Basic EPS, GAAP
-3.32
-1.18
-1.63
-0.79
4.14
-0.4
-1.53
0.32
-0.65
0.01
1.97
-2.71
-0.93
0.53
0.08
- -
0.02
Free Cash Flow per Basic Share
- -
- -
- -
0.24
0.7
- -
- -
0.12
- -
- -
- -
- -
- -
0.2
0.17
- -
- -
Dividend per Share
9.38
10.03
10.9
12.26
10.09
10.05
9.76
9.82
10.02
10.12
10.14
10.66
10.45
10.51
10.37
- -
9.97
Book Value per Share
11.72
10.24
11.21
12.33
11.37
11.26
10.96
10.24
9.84
9.25
9.23
9.94
10.09
10.47
10.34
- -
9.87
Tangible Book Value per Share
327
351
340
344
347
340
339
330
338
340
340
340
343
343
343
- -
345
Basic Weighted Avg Shares
7,559
9,811
14,173
16,333
6,768
5,027
4,189
4,761
4,205
3,175
1,744
1,842
1,735
1,710
1,667
1,742
1,742
Sales/Revenue/Turnover
-5.61
0.23
2.34
3.24
-2
-5.03
0.19
-5.44
-4.11
0.43
1.28
-0.02
-0.23
-1.11
-2.95
-5.43
-5.43
Operating Margin (%)
113
156
148
186
175
125
90
88
65
81
77
68
79
89
88
91
91
Depreciation Expense
-456
11
326
475
-247
-213
-99
-150
-136
4
58
196
55
12
11
-69
-69
Net Income, GAAP
- -
99.1
7.84
11.18
- -
- -
- -
- -
- -
77.16
33.15
30.12
14.99
52.9
53.68
- -
38.72
Effective Tax Rate (%)
-6.04
0.11
2.3
2.91
-3.66
-4.25
-2.37
-3.16
-3.23
0.13
3.33
10.61
3.18
0.72
0.65
-3.95
-3.95
Profit Margin (%)
2,598
2,321
2,913
3,437
3,252
3,139
3,069
2,734
2,624
2,303
2,321
2,063
2,077
1,768
1,423
1,211
1,211
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
85
59
230
185
178
152
121
121
LT Debt
3,830
3,616
3,830
4,257
3,964
3,832
3,732
3,395
3,332
3,426
3,398
3,625
3,712
3,825
3,760
3,595
3,595
Total Equity
- -
- -
7.11
9.88
- -
- -
- -
- -
- -
0.09
0.41
-0.01
-0.09
-0.22
-0.56
- -
- -
Return on Invested Capital (%)
- -
0.58
8.37
10.91
- -
- -
- -
- -
- -
0.03
1.53
5.2
1.46
0.33
0.38
- -
0.07
Return on Capital (%)
-16.21
0.34
9.02
11.99
-6.41
-6.17
-2.95
-4.59
-4.1
0.12
1.69
5.53
1.53
0.34
0.3
-1.97
-1.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
100
200
202
LT Borrowings
- -
- -
- -
LT Finance Leases
130
135
121
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
343
343
343
Market Capitalization
5,567
6,566
6,135

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,808
1,888
1,875
Cash, Cash Equivalents & STI
874
899
897
Accounts Receivable, Net
191
191
215
Inventories
628
679
646
Total Current Liabilities
566
671
663
Payables & Accruals
- -
- -
- -
ST Debt
100
200
202
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.55%
1.2%
-4.4%
Free Cash Flow
2,069.96%
-125.01%
-79.75%
Net Income, GAAP
57.19%
-132.59%
-737.41%
Sales/Revenue/Turnover
-8.39%
0.06%
4.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
423
397
455
435
1,710
2024
443
426
399
399
1,667
2025
432
407
446
456
1,742

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.02
0.04
0.03
- -
0.04
2024
0.07
- -
-0.02
- -
0.03
2025
0.01
-0.16
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.2
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
- -
- -
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Business
Shuttle Inc. (2405.TW) designs, manufactures and sells small form factor computers, industrial computers, kiosks and related IoT solutions worldwide; the company operates through computer equipment and medical devices segments, offering products including XPC barebones and mini-PCs such as cube mini-towers, slim PCs, nano PCs and all-in-one PCs; industrial embedded computers, edge computing computers, panel PCs, medical touch computers and industrial-grade panel PCs supporting applications in smart transportation, surveillance, factory automation, deep learning, machine vision and AI image recognition; kiosk solutions for public services, smart retail and smart healthcare with modular designs integrating peripherals; digital signage media players and facial recognition systems for access control, retail services, network monitoring and automation; IoT system integration services in smart retail, medical technology, smart healthcare, smart factory, transportation and surveillance; and medical technology products through subsidiary Carilex Medical, comprising anti-bedsore air cushion beds, negative pressure wound therapy devices and IoT medical innovations with CE marking in multiple countries. Shuttle serves commercial, industrial and medical markets via resellers, partners and system integrators in Taiwan, the United States, Europe, Asia, China and other international regions. Founded in 1983 and headquartered in Taipei, Taiwan, the company maintains subsidiaries including branch offices in the US and Germany, employs around 500-1,800 staff with a strong R&D focus comprising 30% of workforce, and adheres to ISO 9001, ISO 14001 and sustainability standards such as RoHS, ErP and REACH. Recent developments include the SPC series edge AI computers winning the 2026 Taiwan Excellence Award for innovation and reliability, alongside ongoing expansions in AIoT applications for smart retail, automation, hospitality, security and smart medical sectors; third-quarter 2025 earnings showed EPS of NT$0.024 versus a loss in the prior year, reflecting improved profitability amid stable revenue of NT$1.68 billion TTM.