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Innolux Corporation

Innolux Corporation

3481.TW
Innolux CorporationTW flagTaiwan Stock Exchange
65.30
TWD
+0.10
- -
521.16BMarket Cap
Innolux Corporation
3481.TW
(Taiwan Stock Exchange)

Recent

price

65.30

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
99
91.07
84.5
62.31
60.42
48.5
38.15
43.72
37.1
33.79
36.91
40.28
25.04
22.79
25.31
28.39
30.53
Revenue per Share
-2.98
-11.5
-5.22
0.75
3.06
1.44
0.25
4.92
0.3
-2.34
0.22
6.62
-3.13
-2.01
0.76
0.03
0.03
Basic EPS, GAAP
-3.58
-3.18
5.32
8.45
11.87
7.53
-1.43
7.61
0.77
-1.48
0.23
8.47
-2.58
-1.27
0.17
1.05
1.13
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.01
0.93
0.26
0.13
1.06
0.08
- -
0.36
1.24
- -
- -
0.75
- -
Dividend per Share
13.17
0.69
9.05
14.52
17.55
16.94
16.74
21.04
20.09
17.03
17.58
21.88
15.48
12.11
12.66
13.21
14.2
Book Value per Share
49
30.98
25.94
25.55
29.45
28.36
27.58
32.73
31.52
28.77
30.1
33.06
26.36
22.75
25.24
22.44
24.13
Tangible Book Value per Share
4,980
5,601
5,723
6,784
7,095
7,507
7,526
7,530
7,530
7,458
7,312
8,691
8,934
9,291
8,553
7,985
7,427
Basic Weighted Avg Shares
493,085
510,081
483,610
422,730
428,662
364,133
287,089
329,174
279,376
251,971
269,911
350,077
223,716
211,741
216,510
226,724
226,724
Sales/Revenue/Turnover
-0.93
-12.29
-4.08
3.63
6.57
6.16
2.23
14.28
1.73
-7.91
0.67
17.91
-14.15
-8.84
-3.66
-1.83
-1.83
Operating Margin (%)
79,378
98,984
86,799
77,851
60,900
53,571
41,419
33,564
35,878
35,130
35,568
36,301
32,458
30,773
31,150
29,721
29,721
Depreciation Expense
-14,835
-64,440
-29,899
5,103
21,677
10,816
1,871
37,029
2,223
-17,443
1,636
57,534
-27,990
-18,643
6,473
250
250
Net Income, GAAP
- -
- -
- -
9.72
3.81
27.22
62.53
24.34
66.17
- -
35.87
7.8
- -
- -
18.24
- -
80.35
Effective Tax Rate (%)
-3.01
-12.63
-6.18
1.21
5.06
2.97
0.65
11.25
0.8
-6.92
0.61
16.43
-12.51
-8.8
2.99
0.11
0.11
Profit Margin (%)
-53,487
-207,512
-64,428
-128,885
-9,755
28,396
10,832
26,636
49,459
22,300
49,992
59,268
72,579
46,091
56,137
55,080
55,080
Working Capital
180,405
54,926
152,097
- -
42,293
43,630
28,128
17,288
35,142
24,679
30,653
39,984
30,720
35,103
23,467
20,814
20,814
LT Debt
262,918
198,284
171,357
194,578
229,171
232,265
226,006
264,325
254,991
232,110
237,567
304,797
252,995
228,885
233,541
223,473
223,473
Total Equity
- -
- -
- -
3.32
7.17
4.99
0.83
12.3
0.54
- -
0.42
17.91
- -
- -
-2.38
- -
-1.93
Return on Invested Capital (%)
- -
- -
- -
3.12
8.92
5.33
1.19
20.38
1.24
- -
1.38
27.89
- -
- -
4.74
- -
9.16
Return on Capital (%)
-28.13
-185.63
-107.42
6.79
19.44
8.59
1.48
26.04
1.44
-12.54
1.28
36.11
-17.04
-14.86
5.86
0.23
0.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
18,711
14,124
34,354
LT Borrowings
3,974
4,914
18,325
LT Finance Leases
2,319
2,209
2,490
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,981
7,981
7,981
Market Capitalization
93,665
106,945
126,626

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
142,149
152,073
183,075
Cash, Cash Equivalents & STI
59,517
65,071
82,142
Accounts Receivable, Net
37,047
40,109
41,496
Inventories
37,549
37,470
47,891
Total Current Liabilities
92,442
91,663
127,996
Payables & Accruals
- -
- -
- -
ST Debt
18,711
14,124
34,354
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.36%
-0.1%
-4.31%
Free Cash Flow
314.56%
878.32%
467.29%
Net Income, GAAP
371.21%
600.71%
-96.14%
Sales/Revenue/Turnover
-2.91%
-0.96%
4.72%
Total Cash Common Dividend
- -
- -
-45.99%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
45,595
55,087
57,654
53,404
211,741
2024
50,492
56,861
55,473
53,684
216,510
2025
55,932
56,231
57,818
56,742
226,724

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.88
-0.68
-0.21
- -
-2.01
2024
-0.45
0.12
0.05
- -
0.76
2025
0.12
-0.1
0.01
- -
0.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.75
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Business
Innolux Corporation (3481.TW), a leading Taiwan-based manufacturer of thin-film transistor liquid crystal display (TFT-LCD) panels and touch-control modules, operates 14 fabrication facilities ranging from Gen 3.5 to Gen 8.6 production lines, offering a comprehensive portfolio of large-sized panels for televisions and billboards; medium-sized panels for desktop monitors, notebooks, tablet computers, portable audio players and wearable devices; small-sized panels for automotive displays, medical equipment including X-ray systems, industrial applications, aeronautics and education; advanced display technologies encompassing 4K2K ultra-high resolution, 3D naked-eye, IGZO, LTPS, AMOLED and OLED solutions; non-display products such as X-ray image sensors; and consumer electronics including smart home applications, electronic labels and special uses like large public displays and LCD antennas. Founded in 2003 and headquartered in Miaoli, Taiwan, the company serves global customers in information technology, consumer electronics, automotive and medical sectors across Taiwan, Hong Kong, the United States, Europe, China and other international markets. Recent developments include the 2024 divestiture of a Southern Taiwan plant to TSMC for NT$17.14 billion to expand into AI chip packaging, enhancing shareholder value with estimated NT$14.7 billion revenue and NT$1.62 earnings per share boost; the June 2025 acquisition of Pioneer Corporation by subsidiary CarUX from EQT for $1.1 billion to bolster automotive display capabilities; and the adoption of Corning Laser Technologies for innovative glass cutting in auto panels, alongside 2025 strategic initiatives in AR products, transformation plans and non-display diversification.