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    Electrical Equipment & Parts
Cincon Electronics Co., Ltd.

Cincon Electronics Co., Ltd.

3332.TWO
Cincon Electronics Co., Ltd.TW flagTaipei Exchange
72.60
TWD
+6.60
- -
3.49BMarket Cap
Cincon Electronics Co., Ltd.
3332.TWO
(Taipei Exchange)

Recent

price

72.60

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
28
26.37
22.72
23.58
24.35
23.73
22.2
24.26
24.58
22.46
21.87
25.12
35.57
29.04
27.78
- -
33.15
Revenue per Share
5.06
4.17
2.21
3.52
3.07
2.49
2.26
3.85
2.73
1.86
2.54
2.2
4.56
2.98
2.18
- -
3.53
Basic EPS, GAAP
4.05
3.08
3.65
1.98
2.38
2.61
3.4
1.93
1.89
5.43
4.36
0.08
-1.12
-0.74
2.54
- -
3.58
Free Cash Flow per Basic Share
1.5
4
3.2
1.9
2.8
2.65
2.2
2
3
2.2
0.8
1
1
2.5
1.6
- -
- -
Dividend per Share
20.85
17.95
17.16
23.6
19.07
18.69
18.48
20.04
18.51
18.22
19.02
19.18
21.94
23.73
23.79
- -
26.74
Book Value per Share
26.41
26.73
25.06
27.15
28.53
28.65
27.85
28.26
28.29
27.45
28.28
28.75
33.84
33.92
36.01
- -
37.81
Tangible Book Value per Share
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
- -
48
Basic Weighted Avg Shares
1,347
1,268
1,093
1,134
1,171
1,143
1,068
1,167
1,183
1,080
1,052
1,209
1,711
1,397
1,336
1,596
1,596
Sales/Revenue/Turnover
20.71
15.77
12.52
15.25
13.77
11.69
11.01
15
12.69
9.45
9.7
8.24
14.71
10.4
5.41
10.17
10.17
Operating Margin (%)
44
29
18
17
19
18
17
17
20
40
43
45
53
65
61
69
69
Depreciation Expense
243
201
106
169
148
120
109
185
131
89
122
106
219
143
105
170
170
Net Income, GAAP
11.53
7.99
17.89
10.79
19.53
20.48
15.56
11.35
20.17
20.66
13.86
16.11
19.4
22.77
17.92
14.8
14.8
Effective Tax Rate (%)
18.06
15.83
9.72
14.94
12.6
10.49
10.17
15.88
11.1
8.27
11.62
8.77
12.81
10.26
7.84
10.65
10.65
Profit Margin (%)
1,062
1,092
998
1,081
1,141
1,082
1,044
1,051
1,059
1,034
1,051
1,063
1,211
1,034
1,103
1,187
1,187
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
21
- -
75
56
38
19
19
LT Debt
1,271
1,289
1,208
1,307
1,374
1,381
1,341
1,361
1,363
1,322
1,363
1,387
1,646
1,654
1,759
1,838
1,838
Total Equity
19.78
14.11
8.84
12.03
9.5
7.6
7.21
11.32
8.66
5.95
6.34
5.79
12.11
6.04
3.26
7.4
7.4
Return on Invested Capital (%)
25.83
21.46
12.57
17.25
14.36
13.18
12.12
19.96
14.15
10.11
13.32
11.15
20.19
11.75
8.69
13.46
13.46
Return on Capital (%)
26.26
21.51
12.59
17.28
14.38
13.19
12.15
20
14.16
10.11
13.65
11.54
22.16
13.05
9.17
13.97
13.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
44
19
29
LT Borrowings
28
23
19
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
2,206
2,604
2,676

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,563
1,626
1,651
Cash, Cash Equivalents & STI
826
867
883
Accounts Receivable, Net
225
239
200
Inventories
479
491
537
Total Current Liabilities
523
499
464
Payables & Accruals
- -
- -
- -
ST Debt
44
19
29
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.06%
6.35%
4.52%
Free Cash Flow
-193.61%
-417.73%
41.05%
Net Income, GAAP
13.1%
18.83%
62.15%
Sales/Revenue/Turnover
4.6%
10.64%
19.44%
Total Cash Common Dividend
- -
- -
-31.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
382
388
324
302
1,397
2024
339
344
302
351
1,336
2025
397
426
414
359
1,596

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.11
0.86
0.63
- -
2.98
2024
0.82
0.53
0.39
- -
2.18
2025
0.99
1.12
0.8
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.5
2024
- -
- -
- -
- -
1.6
2025
- -
- -
- -
- -
- -
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Business
Cincon Electronics Co., Ltd. specializes in the design and production of switch mode power conversion technologies for a worldwide customer base spanning communications, computer, industrial, medical, consumer, and lighting sectors across Asia, Europe, and the Americas. The company's extensive product portfolio encompasses single and multiple output DC-DC converters, typically ranging from 1W to 750W. They also offer various AC-DC solutions, including adapters from 5W to 220W, open frame power supplies between 4W and 700W, and LED power supplies from 15W to 150W. Cincon is recognized for its ability to deliver both standard compliant offerings and customized power conversion products tailored to specific application requirements. Recently, the firm has expanded its advanced power solutions for Edge AI and Industrial PC applications, alongside significant developments in medical power supplies. Established in 1991, Cincon Electronics Co., Ltd. maintains its headquarters in Taipei, Taiwan.