1. Taiwan, Province of China Stocks

  2. •

    Industrials

  3. •

    Specialty Business Services
Sincere Security Corp. Ltd.

Sincere Security Corp. Ltd.

6721.TWO
Sincere Security Corp. Ltd.TW flagTaipei Exchange
54.60
TWD
-0.10
- -
1.23BMarket Cap
Sincere Security Corp. Ltd.
6721.TWO
(Taipei Exchange)

Recent

price

54.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
97.47
97.86
95.06
103.92
110.85
117.51
132.58
147.54
- -
160.99
Revenue per Share
3.92
3.6
2.95
5.47
5.44
2.97
3.33
4.39
- -
4.65
Basic EPS, GAAP
1.9
3.52
0.63
4.51
2.12
0.06
3.21
6
- -
2.73
Free Cash Flow per Basic Share
0.64
1.52
3.04
2.4
4
3.56
2.4
2.6
- -
- -
Dividend per Share
13.16
13.6
13.08
15.69
16.59
14.78
15.42
16.88
- -
18.07
Book Value per Share
14.63
15.28
17.28
20.13
21.57
24.93
25.86
27.66
- -
29.28
Tangible Book Value per Share
16
18
20
20
20
22
22
22
- -
23
Basic Weighted Avg Shares
1,593
1,773
1,876
2,078
2,217
2,644
2,983
3,320
3,627
3,627
Sales/Revenue/Turnover
3.65
3.67
3.19
6.65
5.56
2.78
2.4
2.92
3.45
3.45
Operating Margin (%)
8
11
13
18
20
22
22
21
23
23
Depreciation Expense
64
65
58
109
109
67
75
99
105
105
Net Income, GAAP
17.04
20.86
20.3
20.54
20.61
20.45
20.49
20.41
20.21
20.21
Effective Tax Rate (%)
4.02
3.68
3.1
5.27
4.91
2.52
2.51
2.98
2.89
2.89
Profit Margin (%)
162
210
237
282
295
441
470
489
527
527
Working Capital
46
14
39
26
70
47
44
44
40
40
LT Debt
239
277
341
403
431
561
582
622
659
659
Total Equity
- -
13.58
11.09
22.78
18.51
9.72
8.24
10.93
13.85
13.85
Return on Invested Capital (%)
- -
19.56
16.42
28.96
26.53
16
16.97
22.25
23.18
23.18
Return on Capital (%)
- -
28.29
23.06
38.27
33.73
20.1
22.07
27.2
26.62
26.62
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
6
37
37
LT Borrowings
40
39
38
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
1,373
1,383
1,376

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
931
952
1,067
Cash, Cash Equivalents & STI
273
298
422
Accounts Receivable, Net
631
632
615
Inventories
- -
- -
- -
Total Current Liabilities
464
442
540
Payables & Accruals
- -
- -
- -
ST Debt
6
37
37
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.77%
5.98%
Free Cash Flow
- -
1,001.26%
-54.51%
Net Income, GAAP
- -
2.18%
5.95%
Sales/Revenue/Turnover
- -
11.86%
9.25%
Total Cash Common Dividend
- -
- -
15.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
707
753
760
763
2,983
2024
794
834
826
866
3,320
2025
869
891
919
948
3,627

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.73
0.98
0.72
- -
3.33
2024
0.79
1.27
1.43
- -
4.39
2025
1.37
1.11
1.43
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.4
2024
- -
- -
- -
- -
2.6
2025
- -
- -
- -
- -
- -
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Business
Sincere Security Corp. Ltd. Sincere Security Corp. Ltd. (6721.TWO), founded in 1997 and headquartered in Zhubei, Taiwan, together with its subsidiaries engages in specialty business services focused on property management, cleaning, security, and mechanical and electrical maintenance across Taiwan. The company provides integrated building management services; cleaning solutions including contracts for major transportation hubs such as Taoyuan International Airport, high-speed rail stations from Taoyuan to Zuoying, and Taipei Metro stations; security services; fire safety equipment installation and maintenance; electrical air-conditioning systems; and elderly housing residential properties with nursing care. It serves commercial and residential clients, including science parks and urban infrastructure, emphasizing AI-driven innovations like smart restrooms, floor-cleaning robots, weeding robots, and UV disinfection robots alongside cloud-based customer feedback systems. In recent developments, Sincere Security Corp. Ltd. maintains steady revenue growth amid challenges like the COVID-19 pandemic, with third-quarter 2025 sales reaching TWD 918.7 million, up from TWD 825.66 million year-over-year, and nine-month net income rising to TWD 88 million; the company issued its 2024 sustainability report and continues expanding service blocks across Taiwan's rail networks while advancing smart technology integrations for operational efficiency.