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    Hardware, Equipment & Parts
Global Brands Manufacture Ltd.

Global Brands Manufacture Ltd.

6191.TW
Global Brands Manufacture Ltd.TW flagTaiwan Stock Exchange
105.50
TWD
+2.00
- -
52.68BMarket Cap
Global Brands Manufacture Ltd.
6191.TW
(Taiwan Stock Exchange)

Recent

price

105.50

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
76.02
70.93
73.85
67.36
61.01
47.26
46.18
43.46
47.38
46.03
43.95
54.93
51.03
48.36
45.77
- -
54.05
Revenue per Share
1.29
1.79
0.26
-0.76
0.27
-0.69
1.13
0.86
1.18
2.17
3.4
5.75
5.2
6.68
6.01
- -
5.97
Basic EPS, GAAP
3.2
1.3
-0.78
2.72
-1.83
2.37
1.19
0.55
-2.23
1.05
3.95
3.19
8.69
7.16
3.95
- -
6.27
Free Cash Flow per Basic Share
0.51
0.22
0.63
- -
- -
- -
- -
0.43
0.65
0.32
0.5
0.82
1.74
2.61
3.3
- -
- -
Dividend per Share
13.75
12.61
13.06
14.24
12.5
11.8
13.42
13.73
14.31
15.12
16.52
20.67
24.74
28.39
30.38
- -
29.72
Book Value per Share
20.11
21.94
20.65
20.56
22.16
22.45
23.29
24.21
27.73
31.28
29.99
32.38
37.86
43.35
48.11
- -
32.27
Tangible Book Value per Share
480
492
493
493
493
492
487
475
471
475
519
503
475
473
474
- -
475
Basic Weighted Avg Shares
36,467
34,891
36,388
33,189
30,058
23,267
22,487
20,643
22,298
21,846
22,816
27,621
24,251
22,879
21,681
33,712
25,697
Sales/Revenue/Turnover
2.21
2.46
0.72
-0.21
0.56
-0.91
2.57
3.45
2.83
4.8
10.45
11.23
10.87
15.44
15.96
10.36
13.59
Operating Margin (%)
1,799
1,682
1,647
1,460
1,367
1,285
1,196
1,100
1,205
1,507
1,378
1,127
1,274
1,356
1,209
2,054
1,501
Depreciation Expense
620
882
129
-373
135
-339
548
409
557
1,030
1,763
2,891
2,473
3,159
2,845
3,151
2,838
Net Income, GAAP
19.74
13.49
75.53
- -
36.57
- -
18.24
33.88
38.04
25.87
29.18
19.95
28.8
23.1
33.05
29.87
30.43
Effective Tax Rate (%)
1.7
2.53
0.36
-1.13
0.45
-1.46
2.44
1.98
2.5
4.72
7.73
10.47
10.2
13.81
13.12
9.35
11.04
Profit Margin (%)
2,653
5,378
4,921
4,916
6,996
6,720
5,223
5,798
5,527
4,764
6,617
6,236
9,958
10,776
8,665
6,780
3,806
Working Capital
2,134
3,922
4,065
4,046
5,572
4,856
3,494
4,717
4,936
3,644
3,897
3,424
4,450
3,554
4,860
7,561
9,338
LT Debt
10,090
11,076
10,448
10,386
11,189
11,207
11,490
11,635
13,187
14,952
15,670
16,379
18,098
20,618
22,908
26,373
19,481
Total Equity
3.95
3.96
0.33
- -
0.53
- -
2.45
2.4
1.81
3.37
7.13
9.9
7.05
9.27
7.03
5.88
6.41
Return on Invested Capital (%)
6.2
7.18
1.5
- -
1.66
- -
4.74
3.43
5.46
8.38
11.89
15.6
12.46
14.76
12.05
10.8
10.02
Return on Capital (%)
9.67
13.79
2.05
-5.55
2.05
-5.67
8.88
6.26
8.41
14.81
22.39
30.49
22.33
25.08
20.45
20.66
20.92
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
6,387
10,141
14,637
LT Borrowings
4,446
6,530
8,729
LT Finance Leases
414
375
609
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
478
476
476
Market Capitalization
27,169
30,248
42,091

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
21,414
28,624
30,101
Cash, Cash Equivalents & STI
10,522
17,434
14,336
Accounts Receivable, Net
6,649
6,782
9,175
Inventories
3,270
3,491
5,354
Total Current Liabilities
12,750
16,988
26,296
Payables & Accruals
- -
- -
- -
ST Debt
6,387
10,141
14,637
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.05%
11.04%
15.12%
Free Cash Flow
-30.53%
28.11%
67.61%
Net Income, GAAP
-1.64%
15.61%
10.75%
Sales/Revenue/Turnover
5.23%
10.69%
55.5%
Total Cash Common Dividend
- -
45.47%
-9.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
5,258
5,910
6,083
5,628
22,879
2024
5,125
5,681
5,895
4,979
21,681
2025
5,163
9,660
9,319
- -
33,712

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.25
1.38
2.55
- -
6.68
2024
1.23
1.81
1.9
- -
6.01
2025
1.56
1.47
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.61
2024
- -
- -
- -
- -
3.3
2025
- -
- -
- -
- -
- -
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Business
Global Brands Manufacture Ltd. operates within the realm of printed circuit board (PCB) fabrication and electronic manufacturing services (EMS) across Taiwan and globally. The company produces diverse PCBs integrated into various devices, including personal computers, sophisticated network and communication systems, digital imaging equipment, and automotive electronics. Its comprehensive EMS portfolio encompasses surface mount technology (SMT) assembly, specialized tooling, and complete plastic and system integration. These services cater to a wide array of products, such as various computing platforms, data storage solutions, advanced flat-panel displays, wireless communication modules, gaming consoles, security products, and complex industrial control boards. The firm supplies its essential components and services to significant players across the information technology, telecommunications, automotive, and consumer electronics sectors. Established in 1973 and based in Taipei, Taiwan, the company adopted its current name, Global Brands Manufacture Ltd., in 2003, having previously operated as Cyber Solutions Corporation. The company has a notable operational footprint with multiple PCB and PCBA production facilities, equipped with numerous SMT lines, enhancing its capacity and service delivery to international partners. Further demonstrating its strategic growth, Global Brands Manufacture Ltd. completed the acquisition of Lincstech Co Ltd in late 2024.