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Daxin Materials Corporation

Daxin Materials Corporation

5234.TW
Daxin Materials CorporationTW flagTaiwan Stock Exchange
399.00
TWD
-4.00
- -
40.98BMarket Cap
Daxin Materials Corporation
5234.TW
(Taiwan Stock Exchange)

Recent

price

399.00

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
34.58
31.88
33.43
36.92
32.43
32.89
35.25
41.95
42.96
44.11
41.83
43.94
37.86
41.51
40.09
45.07
45.01
Revenue per Share
3.82
2.39
3.49
4.2
2.96
2.6
3.44
5.07
6.38
6.33
6.15
6.62
4.15
5.1
5.56
7.37
7.36
Basic EPS, GAAP
-1.14
-0.14
1.89
5.67
-0.85
2.36
2.84
2.94
5.6
5.69
7.65
3.77
4.87
4.92
6.54
6.89
6.88
Free Cash Flow per Basic Share
0.76
1.13
1.65
2.73
2.6
2
1.82
3
3.18
5
5
5
5.3
3.3
4.1
5
- -
Dividend per Share
13.86
13.02
14.68
18.59
16.67
16.97
18.33
21.85
22.61
23.3
23.81
24.82
23.01
24.39
25.35
27.16
27.13
Book Value per Share
14.35
14.03
17.6
18.99
18.45
19.03
20.66
24.77
25.73
27.06
28.2
29.83
28.69
30.5
31.95
34.29
34.25
Tangible Book Value per Share
76
91
97
98
103
103
103
93
103
103
103
103
103
103
103
103
103
Basic Weighted Avg Shares
2,637
2,902
3,256
3,612
3,331
3,378
3,620
3,917
4,413
4,531
4,296
4,513
3,889
4,264
4,118
4,630
4,630
Sales/Revenue/Turnover
11.75
9.69
12.34
13.49
10.24
8.99
10.94
13.81
16.84
16.76
17.35
17.28
11.34
14.25
14.74
18.42
18.42
Operating Margin (%)
42
83
111
115
124
135
160
155
178
202
222
216
221
260
271
272
272
Depreciation Expense
291
217
340
411
304
267
353
473
656
650
631
680
426
523
571
757
757
Net Income, GAAP
4.94
21.97
15.83
16.61
12.94
12.99
11.66
11.68
13.19
13.5
12.5
11.82
12.17
13.56
13.36
14.33
14.33
Effective Tax Rate (%)
11.05
7.48
10.43
11.38
9.12
7.9
9.76
12.07
14.86
14.36
14.69
15.08
10.96
12.27
13.86
16.35
16.35
Profit Margin (%)
619
613
1,040
1,089
964
894
1,037
1,060
1,301
1,405
1,677
1,665
1,582
1,814
1,993
2,062
2,062
Working Capital
206
173
120
16
180
108
16
32
- -
194
343
375
443
420
397
224
224
LT Debt
1,096
1,278
1,716
1,859
1,896
1,958
2,124
2,317
2,646
2,783
2,900
3,067
2,949
3,135
3,284
3,528
3,528
Total Equity
43.75
14.96
18.89
20.22
13.88
11.78
15.57
20.17
24.57
22.3
20.14
19.83
10.83
14.34
13.74
18.57
18.57
Return on Invested Capital (%)
45.81
16.07
21.88
23.03
15.44
13.38
17.84
22.92
29.17
26.16
23.33
23.81
14.69
17.82
18.67
24.25
24.25
Return on Capital (%)
55.15
19.36
25.97
25.29
17.21
15.45
19.48
24.11
30.05
27.59
26.09
27.24
17.35
21.5
22.34
28.07
28.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
273
153
124
LT Borrowings
173
137
80
LT Finance Leases
149
147
144
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
103
103
103
Market Capitalization
27,510
40,370
35,690

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
3,034
3,182
3,422
Cash, Cash Equivalents & STI
1,453
1,516
1,803
Accounts Receivable, Net
1,192
1,243
1,174
Inventories
369
387
416
Total Current Liabilities
1,256
1,233
1,360
Payables & Accruals
- -
- -
- -
ST Debt
273
153
124
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.15%
4.07%
7.41%
Free Cash Flow
17.79%
3.56%
5.34%
Net Income, GAAP
13.6%
6.98%
32.66%
Sales/Revenue/Turnover
3.54%
1.97%
12.43%
Total Cash Common Dividend
- -
- -
21.95%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
962
1,130
1,174
998
4,264
2024
949
1,028
1,073
1,067
4,118
2025
1,106
1,151
1,186
1,186
4,630

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.96
1.46
1.62
- -
5.1
2024
1.11
1.4
1.3
- -
5.56
2025
1.88
1.55
1.9
- -
7.37

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3.3
2024
- -
- -
- -
- -
4.1
2025
- -
- -
- -
- -
5
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Business
Daxin Materials Corporation (5234.TW) is a Taiwan-based design house specializing in the research, development, manufacture, and sale of specialty chemical materials for the semiconductor and optoelectronic industries. Founded in 2006 and headquartered at No. 15, Keyuan 1st Road, Xitun District, Taichung, Taiwan, the company offers three core product categories: semiconductor materials, including organic release layers, high-purity solvents, photoresist strippers, special protection materials, high-selectivity copper etchants, high-purity polymers, laser release layers, and photosensitive dielectrics; display materials, such as photoresists, polyimide alignment layers, copper etchants, photo overcoats, thermal overcoats, wet chemicals, LCD materials, touch panel materials, and flexible OLED/EPD materials; and key raw materials, comprising anhydride monomers, key functional monomers, and silicon-based anode materials for lithium-ion batteries. Daxin Materials also provides instrument analysis services, including composition analysis, impurity analysis, quantitation analysis, and material testing for semiconductors, flat panel displays, solar energy, and chemical applications. The company serves customers in Taiwan, China, Japan, and internationally, targeting high-tech sectors like electronics, automotive, energy, and photovoltaics with customized, value-added solutions leveraging expertise in materials design, equipment technology, and process development. In recent developments, Daxin Materials launched five new semiconductor products in 2024, expanding its lineup to nine items and driving semiconductor revenue beyond 10% of total sales for the first time; the company is also expanding production capacity at its Chungkang new plant to meet rising customer demand and accelerating international partnerships.