1. Taiwan, Province of China Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
First Hotel Company Ltd.

First Hotel Company Ltd.

2706.TW
First Hotel Company Ltd.TW flagTaiwan Stock Exchange
12.60
TWD
-0.05
- -
6.30BMarket Cap
First Hotel Company Ltd.
2706.TW
(Taiwan Stock Exchange)

Recent

price

12.60

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
0.65
0.69
0.72
0.72
0.74
0.73
0.67
0.66
0.66
0.69
0.53
0.51
0.58
0.69
0.71
- -
0.75
Revenue per Share
0.59
0.46
0.56
0.61
0.79
0.92
1
1.11
0.86
1.06
0.32
0.16
0.6
0.6
0.56
- -
0.65
Basic EPS, GAAP
0.37
0.42
0.36
0.35
0.37
0.36
0.31
0.34
0.35
0.3
0.26
0.27
0.29
0.37
0.3
- -
0.37
Free Cash Flow per Basic Share
0.06
0.06
0.07
0.09
0.09
0.13
0.14
0.17
0.25
0.43
0.44
0.15
0.14
0.33
0.35
- -
0.35
Dividend per Share
8.56
10.08
10.52
12.04
10.41
11.11
11.87
12.69
13.18
13.7
13.47
13.45
13.9
14.09
14.24
- -
14.44
Book Value per Share
11.97
12.05
12.63
13.42
14.51
15.53
16.2
16.71
17.96
18.73
18.05
17.97
19.25
19.8
20.36
- -
20.19
Tangible Book Value per Share
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
- -
501
Basic Weighted Avg Shares
324
345
361
361
369
363
335
330
330
347
265
253
291
343
356
377
377
Sales/Revenue/Turnover
56.1
56.44
56.36
56.94
58.4
63
62.79
61.98
63.83
65.07
62.44
66.5
68.57
68.64
67.95
69.37
69.37
Operating Margin (%)
14
16
15
12
11
9
9
6
5
5
4
3
3
3
3
2
2
Depreciation Expense
294
228
279
303
396
458
502
555
430
532
161
78
301
301
278
326
326
Net Income, GAAP
- -
15.6
16.19
16.11
15.88
16.13
16.47
15.88
37.23
19.35
20.08
15.37
17.47
19.73
19.12
18.6
18.6
Effective Tax Rate (%)
90.95
65.99
77.34
84.12
107.37
126.31
149.49
168.28
130.17
153.44
60.69
31
103.76
87.59
78.04
86.38
86.38
Profit Margin (%)
1,280
1,458
1,655
1,739
1,964
2,123
2,255
2,395
2,412
2,441
2,414
2,526
2,680
2,746
2,832
2,938
2,938
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
5,984
6,026
6,317
6,711
7,253
7,765
8,098
8,353
8,981
9,367
9,027
8,986
9,627
9,901
10,181
10,123
10,123
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
4.88
5.41
5.37
7.04
8.5
8.7
9
6.62
7.87
2.36
1.16
4.37
4.27
3.9
4.51
4.51
Return on Capital (%)
7.06
4.89
5.42
5.38
7.06
8.52
8.73
9.04
6.65
7.92
2.37
1.17
4.41
4.3
3.92
4.53
4.53
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
73
73
73
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
500
500
500
Market Capitalization
6,650
6,694
6,468

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
3,103
3,185
3,075
Cash, Cash Equivalents & STI
3,099
3,181
3,069
Accounts Receivable, Net
1
2
2
Inventories
- -
- -
- -
Total Current Liabilities
321
307
137
Payables & Accruals
- -
- -
- -
ST Debt
73
73
73
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.74%
2.36%
-0.57%
Free Cash Flow
1.6%
8.68%
25.43%
Net Income, GAAP
19.41%
48.52%
17.22%
Sales/Revenue/Turnover
1.04%
7.62%
5.91%
Total Cash Common Dividend
22.44%
15.17%
0.31%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
82
86
86
35
343
2024
85
83
97
90
356
2025
89
87
108
94
377

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.06
0.16
0.25
- -
0.6
2024
0.05
0.21
0.28
- -
0.56
2025
0.12
0.2
0.23
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.33
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
- -
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Business
First Hotel Company Ltd. (2706.TW) operates as a hotel management company primarily engaged in the ownership, development, and operation of hotels and related hospitality services in Taiwan. The company offers guest accommodations including standard rooms, suites, and serviced apartments; conference and banquet facilities; dining outlets such as restaurants, bars, and catering services; and ancillary amenities like fitness centers, swimming pools, and business centers across its properties. Its core brands include the First Hotel chain, with flagship locations in Taipei and other key urban areas, targeting business travelers, tourists, and event organizers. Founded in 1973 and headquartered in Taipei, Taiwan, the company focuses on the mid-to-upscale hotel segment within the hospitality industry, serving domestic and international guests primarily in Taiwan with limited operations in select Asian regions. The company's portfolio emphasizes full-service hotels with integrated leisure and business offerings; property management services for third-party owners; and event hosting capabilities for corporate meetings, weddings, and exhibitions. It maintains a network of properties concentrated in northern Taiwan, including the First Hotel Taipei and affiliated establishments, catering to leisure, corporate, and government clientele. No significant subsidiaries or parent company relationships are publicly noted, with operations centered on self-managed assets.