1. Taiwan, Province of China Stocks

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    Technology

  3. •

    Semiconductors
AP Memory Technology Corporation

AP Memory Technology Corporation

6531.TW
AP Memory Technology CorporationTW flagTaiwan Stock Exchange
926.00
TWD
+31.00
- -
150.80BMarket Cap
AP Memory Technology Corporation
6531.TW
(Taiwan Stock Exchange)

Recent

price

926.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
21.63
19.52
20.19
22.56
28.72
31.66
23.05
24.06
44.67
31.72
26.12
25.84
34.87
25.65
Revenue per Share
4.7
4.93
3.61
2.89
1.7
0.77
-2.67
5.5
13.67
12.09
8.93
9.73
7.74
3.39
Basic EPS, GAAP
2.78
4.13
0.58
2.77
2.96
-5.43
1.97
-1.57
15.64
9.52
12.48
8.97
17.22
12.83
Free Cash Flow per Basic Share
0.7
1.68
1.52
2.24
0.96
0.72
0.25
0.5
2.5
6.03
7
7
7
- -
Dividend per Share
7.06
9.8
11.21
11.2
10.48
10.29
7.12
12.17
22.81
26.18
26.73
28.51
28.25
28.23
Book Value per Share
7.7
11.05
13.59
19.38
16.39
16.35
13.35
20.8
32.25
68.05
69.48
73.01
74.97
74.91
Tangible Book Value per Share
123
125
129
140
148
149
148
148
148
161
162
162
162
163
Basic Weighted Avg Shares
2,667
2,432
2,603
3,162
4,237
4,724
3,417
3,549
6,617
5,095
4,227
4,192
5,666
4,172
Sales/Revenue/Turnover
25.62
28.83
19.87
16.58
9.96
1.89
-0.13
14.7
35.81
29.44
20.86
25.37
24.68
24.39
Operating Margin (%)
1
2
4
8
49
48
79
60
73
75
81
90
94
69
Depreciation Expense
579
614
466
405
251
115
-395
812
2,025
1,942
1,445
1,578
1,258
551
Net Income, GAAP
17.59
20.36
18.28
23.46
25.62
20.03
- -
13.29
19.44
20.72
10.75
22.36
18.34
17.16
Effective Tax Rate (%)
21.72
25.25
17.89
12.81
5.93
2.44
-11.56
22.87
30.61
38.11
34.19
37.65
22.19
13.22
Profit Margin (%)
929
1,355
1,654
2,385
2,115
2,133
1,621
2,455
3,725
9,774
9,302
9,822
10,652
10,652
Working Capital
- -
- -
- -
13
- -
- -
9
25
51
9
10
12
11
11
LT Debt
951
1,377
1,752
2,905
2,597
2,638
2,163
3,103
4,795
10,951
11,322
11,907
12,364
12,364
Total Equity
- -
45.01
25.92
15.92
10.48
2.44
- -
15.35
43.95
14.34
6.78
6.82
9.03
6.67
Return on Invested Capital (%)
- -
58.71
34.92
23.17
13.93
6.44
- -
48.07
74.5
50.21
32.39
33.57
26.36
11.53
Return on Capital (%)
- -
58.71
34.92
26.85
16.13
7.49
-30.51
56.95
78.29
51.21
33.87
35.26
27.29
11.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
69
- -
221
LT Borrowings
- -
- -
- -
LT Finance Leases
17
- -
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
163
163
163
Market Capitalization
48,560
55,371
72,852

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
11,082
- -
12,939
Cash, Cash Equivalents & STI
9,472
- -
11,019
Accounts Receivable, Net
510
- -
588
Inventories
945
- -
1,145
Total Current Liabilities
2,236
- -
2,288
Payables & Accruals
- -
- -
- -
ST Debt
69
- -
221
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.76%
39.06%
3.84%
Free Cash Flow
-120.62%
-208.05%
92.33%
Net Income, GAAP
-74.39%
21.74%
-20.31%
Sales/Revenue/Turnover
12.39%
16.15%
35.16%
Total Cash Common Dividend
59.38%
116.29%
0.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
727
1,097
1,240
1,163
4,227
2024
748
945
1,274
1,225
4,192
2025
975
1,329
- -
1,868
5,666

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.39
2.98
3.27
- -
8.93
2024
2.27
2.28
2.08
- -
9.73
2025
2.04
-3.36
- -
- -
7.74

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
7
2024
- -
- -
- -
- -
7
2025
- -
- -
- -
- -
7
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Business
AP Memory Technology Corporation (6531.TW), founded in 2011 and headquartered in Zhubei City, Hsinchu County, Taiwan, operates as a fabless semiconductor company specializing in the design, development, licensing, manufacturing, and sale of customized memory-related integrated circuit chip products and technologies. The company offers a comprehensive portfolio of low-power, high-performance memory solutions including Pseudo SRAM (PSRAM) such as IoTRAM series for wearable devices and IoT applications, Ultra High Speed (UHS) PSRAM up to 512Mb with DRAM-like bandwidth, Ultra Low Swing (ULS) PSRAM at 32Mb for ultra-low power needs, low power DRAM (LPDRAM), power-efficient customized DRAM, very high bandwidth memory (VHM) for AI and data-intensive applications, artificial intelligence memory products, silicon capacitor (S-SiCap) solutions, and licensing and design services; these products target functional cell phones, Internet of Things (IoT) devices, wearables, mobile connectivity, high-performance computing, edge computing, and display devices. AP Memory conducts operations globally across China, Japan, Taiwan, Europe, America, and other international markets, with offices in Hangzhou, China, and Beaverton, USA, alongside its corporate headquarters in Taiwan. Recent developments include a 2023 strategic investment of NT$500 million to acquire a 9.56% stake in M3 Technology Inc. (6799.TW) to advance 3D stacking and power management applications through close collaboration; a late-2024 joint collaboration agreement with Blueshift Memory and Syntronix, launched January 2025 under a UK-Taiwan bilateral grant worth approximately £2.77 million (including NT$65 million from Taiwan's Department of Industrial Technology), to integrate Blueshift's high-speed memory IP into enhanced VHM chips for AI and high-performance computing over a 30-month period; and strong revenue growth in 2025 driven by S-SiCap entering mass production, with Q3 2025 consolidated revenue reaching NT$1.495 billion, up significantly year-over-year.