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    Industrials

  3. •

    Industrial - Pollution & Treatment Controls
Desiccant Technology Corporation

Desiccant Technology Corporation

5292.TW
Desiccant Technology CorporationTW flagTaiwan Stock Exchange
222.50
TWD
-1.00
- -
9.37BMarket Cap
Desiccant Technology Corporation
5292.TW
(Taiwan Stock Exchange)

Recent

price

222.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
41.94
44.16
42.01
32.93
30.96
41.3
54.38
55.2
53.38
- -
65.72
Revenue per Share
- -
1.61
1.6
1.79
2.09
3.22
4.07
6.53
8.06
8.96
- -
9.61
Basic EPS, GAAP
- -
4.14
-1.7
3.19
3.93
3.07
0.73
12.5
8.61
13.47
- -
18.48
Free Cash Flow per Basic Share
- -
1.09
1.09
1.15
1.04
1.49
1.5
1.13
2.44
3.72
- -
- -
Dividend per Share
- -
16.48
16.98
13.53
14.77
14.47
16.85
21.61
27.22
28.94
- -
32.97
Book Value per Share
- -
17.33
17.79
14.28
15.78
15.81
18.18
24.78
38.34
39.99
- -
44.17
Tangible Book Value per Share
- -
23
23
29
32
36
36
37
38
42
- -
44
Basic Weighted Avg Shares
- -
946
996
1,230
1,059
1,114
1,473
2,016
2,090
2,248
2,861
2,861
Sales/Revenue/Turnover
- -
5.18
5.84
7.44
7.69
12.78
10.85
12.4
16.87
18.44
17.31
17.31
Operating Margin (%)
- -
13
12
10
10
12
18
28
26
23
19
19
Depreciation Expense
- -
36
36
52
67
116
145
242
305
377
418
418
Net Income, GAAP
- -
25.17
27.58
27.81
13.43
26.05
15.81
19.31
22.39
22.34
21.83
21.83
Effective Tax Rate (%)
- -
3.83
3.63
4.25
6.34
10.41
9.87
12
14.6
16.79
14.62
14.62
Profit Margin (%)
184
196
208
224
276
269
246
536
1,045
1,269
1,521
1,521
Working Capital
5
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
LT Debt
392
391
402
419
508
572
663
927
1,454
1,684
1,923
1,923
Total Equity
- -
8.88
10.04
12.21
10.49
14.14
15.49
18.31
18.57
16.85
17.22
17.22
Return on Invested Capital (%)
- -
9.48
9.22
10.4
10.96
17.09
18.51
24.83
26.44
26.73
24.56
24.56
Return on Capital (%)
- -
9.83
9.59
13.43
15.41
23.28
25.91
34.52
33.32
33.55
31.53
31.53
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
390
448
362
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
6,092
6,705
7,423

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
3,347
3,424
3,851
Cash, Cash Equivalents & STI
1,780
1,775
2,484
Accounts Receivable, Net
556
783
507
Inventories
338
327
312
Total Current Liabilities
2,086
2,054
2,330
Payables & Accruals
- -
- -
- -
ST Debt
390
448
362
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.33%
28.53%
14.2%
Free Cash Flow
- -
336.07%
41.89%
Net Income, GAAP
- -
30.49%
10.87%
Sales/Revenue/Turnover
- -
21.51%
27.29%
Total Cash Common Dividend
- -
- -
10%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
636
399
407
648
2,090
2024
551
454
532
710
2,248
2025
720
665
734
743
2,861

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.71
1.99
1.67
- -
8.06
2024
2.02
1.86
2.03
- -
8.96
2025
2.4
2.04
2.23
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.44
2024
- -
- -
- -
- -
3.72
2025
- -
- -
- -
- -
- -
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Business
Desiccant Technology Corporation (5292.TW) manufactures and sells industrial dehumidification, drying, and pollution control equipment primarily for the semiconductor, optoelectronics, and high-tech industries. The company offers a comprehensive range of products and services, including VOCs exhaust abatement systems; rotary regenerative thermal oxidizers; regenerative thermal oxidizers; catalytic thermal oxidizers; waste liquid and wastewater thermal oxidizer systems; organic solvent recovery equipment; total heat exchangers and energy-saving equipment; ultra-low dew-point desiccant adsorption equipment; high-efficiency chemical filters; sludge thermal oxidizer systems; sludge drying systems; air purification and processing systems; plastic processing equipment; and engineering design, construction, and system integration services. It operates mainly in Taiwan and China, serving leading electronics and semiconductor manufacturers, with over 764 projects completed and holding more than 75% market share in Taiwan's waste gas treatment equipment sector. Founded in 1989 and headquartered in Taoyuan City, Taiwan, the company initially focused on ultra-low dew-point dehumidification and energy-saving air-conditioning equipment before expanding into clean room systems, drying rooms, and environmental protection solutions. Desiccant Technology maintains strategic collaborations with advanced manufacturers in Europe, the United States, and Japan to introduce cutting-edge technologies and holds multiple patents in pollution prevention and system integration. In November 2023, the company completed its initial public offering (IPO) on the Taiwan Stock Exchange, marking a significant milestone in its growth and access to capital markets. The firm continues to prioritize total solutions for high-tech industries, emphasizing safety, quality, reliability, and compliance with environmental regulations.