1. Taiwan, Province of China Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Topco Technologies Corp.

Topco Technologies Corp.

3388.TWO
Topco Technologies Corp.TW flagTaipei Exchange
81.70
TWD
+2.00
- -
6.05BMarket Cap
Topco Technologies Corp.
3388.TWO
(Taipei Exchange)

Recent

price

81.70

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
133.53
118.12
102.68
113.59
119.37
112.92
114.84
123.75
136.68
105.53
106.84
127.38
117.52
94.57
102.18
- -
99.6
Revenue per Share
7.88
6.48
5.3
5.33
5.06
4.6
4.6
5.65
7.41
5.1
5.32
8.04
6.3
3.52
4.09
- -
4.16
Basic EPS, GAAP
3.85
4.83
2.57
4.79
7.89
6.7
5.16
6.12
4.06
6.69
8.12
5.06
5.68
8.69
1.5
- -
4.99
Free Cash Flow per Basic Share
4.13
5.73
5.91
4.92
4.92
5.11
4.08
4.14
4.72
5.13
3.6
4.3
6
4.41
3.1
- -
- -
Dividend per Share
26.41
26.13
23.48
29.36
24.33
24.33
24.31
25.57
28.65
24.69
34.48
38.2
38.61
37.71
38.81
- -
39.56
Book Value per Share
42.96
50.61
46.12
47.62
49.93
49.95
48.57
51.5
54.11
53.22
56
60.18
62.91
60.49
65.44
- -
64.47
Tangible Book Value per Share
57
58
63
63
63
63
63
62
63
74
74
74
74
74
74
- -
74
Basic Weighted Avg Shares
7,553
6,884
6,468
7,155
7,519
7,113
7,234
7,672
8,545
7,772
7,913
9,434
8,704
7,004
7,568
7,364
7,364
Sales/Revenue/Turnover
6.54
6.62
6.2
5.86
5.73
5.46
5.26
6.48
7.69
6.26
6.31
8.15
6.79
4.59
5.61
6.21
6.21
Operating Margin (%)
23
10
8
7
7
9
7
6
6
57
55
57
58
63
59
56
56
Depreciation Expense
446
377
334
336
319
290
290
350
463
376
394
595
466
261
303
308
308
Net Income, GAAP
15.23
20.52
16.81
20.94
24.28
21.21
23.07
22.2
26.28
22.03
21.52
23.2
22.58
25.4
30.03
32.15
32.15
Effective Tax Rate (%)
5.9
5.48
5.16
4.69
4.24
4.08
4.01
4.56
5.42
4.84
4.98
6.31
5.36
3.72
4.01
4.18
4.18
Profit Margin (%)
2,189
2,674
2,771
2,834
2,917
2,906
2,848
2,917
3,091
3,319
3,415
3,675
4,460
4,340
3,972
4,622
4,622
Working Capital
15
9
3
- -
- -
83
83
70
57
80
47
44
694
695
48
706
706
LT Debt
2,435
2,952
2,908
3,002
3,147
3,147
3,061
3,194
3,384
3,920
4,148
4,457
4,660
4,480
4,846
4,766
4,766
Total Equity
15.5
12.25
10.76
10.67
10.17
9.18
8.76
11.53
13.74
9.72
9.12
12.73
8.8
4.38
5.33
5.43
5.43
Return on Invested Capital (%)
24.43
20.27
18.24
16.76
15.51
15.02
14.68
17.57
22.23
17.25
14.96
18.72
13.2
6.9
7.86
7.98
7.98
Return on Capital (%)
31.71
25.02
22.25
20.18
18.85
18.92
18.93
22.47
27.44
20.82
18.04
22.12
16.4
9.23
10.7
10.61
10.61
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
840
862
137
LT Borrowings
- -
- -
672
LT Finance Leases
43
38
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
74
74
74
Market Capitalization
4,606
4,673
4,547

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
5,558
5,498
5,799
Cash, Cash Equivalents & STI
2,871
2,691
2,880
Accounts Receivable, Net
1,567
1,647
1,627
Inventories
788
820
960
Total Current Liabilities
2,070
1,775
1,177
Payables & Accruals
- -
- -
- -
ST Debt
840
862
137
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.39%
2.93%
-1.65%
Free Cash Flow
25.31%
35.26%
231.41%
Net Income, GAAP
4.21%
0.59%
1.43%
Sales/Revenue/Turnover
0.92%
-0.54%
-2.69%
Total Cash Common Dividend
0.9%
3.14%
12.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,723
1,699
1,795
1,787
7,004
2024
1,765
1,919
1,974
1,910
7,568
2025
1,775
1,920
1,833
1,835
7,364

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.68
0.77
1.11
- -
3.52
2024
0.84
1.01
1.15
- -
4.09
2025
0.94
0.95
1.18
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4.41
2024
- -
- -
- -
- -
3.1
2025
- -
- -
- -
- -
- -
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Business
Topco Technologies Corp. specializes in the global distribution of advanced material solutions, with a foundational emphasis on a broad range of silicone-based products across Taiwan and international markets. The company provides various silicone fluids, specialized modified silicones, defoaming agents, release compounds, textile treatment chemicals, as well as additives for paints and cosmetics. Its offerings also include silicone resins, pressure-sensitive adhesives, silane coupling agents, silicone powders, antistatic agents, and diverse silicone rubber formulations, encompassing both one-component (RTV I) and two-component (RTV II) systems, along with silicone greases and materials for LED applications. Beyond its core silicone portfolio, Topco Technologies has evolved into a comprehensive integrated service provider for high-tech industries, particularly in semiconductors and optoelectronics. This expanded scope includes the provision of essential materials such as wafer carriers, thin films, and specialty chemicals critical for etching processes, alongside various derivative equipment and precision parts. The firm also delivers integrated circuit (IC) foundry services, encompassing ASIC design, wafer fabrication support, rigorous package evaluation, photomask procurement, and expert engineering consultation to accelerate product development. The company's product lines further extend to different adhesives like EXELAST, acrylics, and water-based varieties; functional materials such as Matsumoto microspheres and PTFE membranes; privacy filters and related touch panel components; polymer conductive inks; and thermal management materials including thermal pads and gels. Topco Technologies maintains a global operational footprint, actively expanding its supply chain platform across key regions including the USA, Japan, South Korea, and Southeast Asia. Established in 1981, the company is headquartered in Taipei City, Taiwan.