1. Taiwan, Province of China Stocks

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    Technology

  3. •

    Hardware, Equipment & Parts
APCB Inc.

APCB Inc.

6108.TW
APCB Inc.TW flagTaiwan Stock Exchange
18.60
TWD
+0.25
- -
2.87BMarket Cap
APCB Inc.
6108.TW
(Taiwan Stock Exchange)

Recent

price

18.60

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
42.73
48.67
45.25
50.33
56.03
48.87
53.68
54.62
55.87
49.52
51.96
56.94
43.5
37.22
31.87
- -
26.64
Revenue per Share
3.05
2.85
2.11
0.99
2.07
0.12
3.16
1.71
3.47
2.22
-0.52
1.5
0.22
0.34
0.93
- -
-0.89
Basic EPS, GAAP
3.01
-1.71
0.81
-1.19
2.13
1.75
4.97
3.07
3.4
5.97
-1.56
-1.19
9.3
-0.29
1.78
- -
-0.36
Free Cash Flow per Basic Share
2.8
2
1.2
1.4
0.9
1.1
- -
2
1.35
2.5
1.6
0.5
1.05
0.5
0.5
- -
- -
Dividend per Share
14.68
14.89
15.6
17.2
16.06
14.86
18.01
17.4
19.19
18.23
15.12
16.32
15.08
15.96
16.19
- -
14.72
Book Value per Share
17.25
19.12
19.59
20.08
22.65
21.57
23.18
22.36
24.22
23.55
21.56
22.28
22.56
22.22
23.24
- -
20.96
Tangible Book Value per Share
160
160
160
160
160
160
160
160
160
160
160
160
160
160
160
- -
157
Basic Weighted Avg Shares
6,820
7,781
7,234
8,047
8,959
7,815
8,584
8,734
8,933
7,917
8,308
9,104
6,955
5,951
5,095
4,176
4,176
Sales/Revenue/Turnover
8.96
7.92
6.18
2.25
4.77
2.57
7.19
4.78
5.98
4.59
2.83
5.33
-2.1
-1.29
-9.42
-8.6
-8.6
Operating Margin (%)
535
540
486
568
620
594
607
542
516
479
492
433
395
382
288
174
174
Depreciation Expense
487
455
338
158
331
19
505
273
556
355
-83
240
35
54
148
-139
-139
Net Income, GAAP
18.27
9.64
43.19
26.21
19.44
57.09
25.54
32.47
32.86
25.38
- -
25.57
- -
31.51
5.71
- -
- -
Effective Tax Rate (%)
7.15
5.85
4.67
1.96
3.69
0.25
5.88
3.13
6.22
4.48
-1
2.64
0.5
0.91
2.9
-3.32
-3.32
Profit Margin (%)
245
111
29
145
1,168
1,133
2,012
1,521
2,031
1,134
1,075
1,371
1,581
1,801
2,537
2,035
2,035
Working Capital
360
595
630
1,136
1,617
1,516
1,525
1,023
978
250
308
205
174
142
65
33
33
LT Debt
2,928
3,209
3,273
3,353
3,711
3,542
3,789
3,646
3,944
3,774
3,458
3,573
3,617
3,563
3,724
3,294
3,294
Total Equity
9.54
8.96
3.64
1.7
4.07
1.07
5.66
3.31
4.08
3.23
- -
4.7
- -
-0.69
-6.66
- -
- -
Return on Invested Capital (%)
11.43
9.2
5.9
2.81
5.3
0.79
8.1
4.46
8.07
5.87
- -
4.25
- -
2.13
4.03
- -
- -
Return on Capital (%)
20.75
19.27
13.85
6.03
12.43
0.79
19.22
9.64
18.99
11.86
-3.12
9.56
1.39
2.19
5.76
-5.67
-5.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
2,504
2,307
2,082
LT Borrowings
- -
- -
- -
LT Finance Leases
57
55
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
157
157
157
Market Capitalization
2,210
2,289
2,250

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
5,411
5,252
5,104
Cash, Cash Equivalents & STI
3,694
3,352
3,536
Accounts Receivable, Net
1,214
1,309
1,105
Inventories
375
474
402
Total Current Liabilities
3,476
3,235
3,069
Payables & Accruals
- -
- -
- -
ST Debt
2,504
2,307
2,082
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.53%
-0.79%
-11.55%
Free Cash Flow
-173.31%
-367.82%
-119.83%
Net Income, GAAP
195.28%
-88.03%
-193.77%
Sales/Revenue/Turnover
-5.35%
-12.18%
-18.04%
Total Cash Common Dividend
- -
- -
96.37%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,415
1,456
1,665
1,415
5,951
2024
1,354
1,328
1,359
1,055
5,095
2025
956
1,020
1,177
1,023
4,176

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.45
0.47
0.62
- -
0.34
2024
-0.05
- -
2.27
- -
0.93
2025
-0.36
-0.4
-0.15
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.5
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
- -
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Business
APCB Inc. manufactures, processes, and sells printed circuit boards in Taiwan, China, Thailand, South Korea, Vietnam, and internationally; the company offers double-sided PCBs, multi-layer PCBs, flexible PCBs, camera module boards for security controls, notebooks, monitors, mobile phones, and tablets; TFT-LCD boards for LCDs, TVs, mobile phones, and backlight modules; consumer electronic boards for projectors, Type C modules, smart meters, mobile phones, notebooks, and games; RF module boards for mobile phones, PCs, notebooks, and tablets; industrial control boards for PLC control panels, variable electrical appliances, electric control doors, servers, and power supply units; automotive boards for body control systems, dashboards, sensor boards, and head lamps; MCPCBs for LED thermal modules, LED packaging, and lighting; and memory module boards for SSDs, USBs, and modules, along with trading and investment activities. Founded in 1970 and headquartered in New Taipei City, Taiwan, APCB Inc. primarily serves the consumer electronics, communication equipment, LED, automotive, and industrial sectors, with products used in mobile phones, computers, digital cameras, wireless transmission devices, and related applications across Asia, the Americas, and Europe. In August 2024, the company sold its Thailand factory to Victory Giant Technology (Shenghong Technology) for up to RMB 279 million through its subsidiaries, enabling a capital increase of RMB 500 million post-sale to support ongoing operations and marking a strategic shift in its overseas manufacturing footprint.