BTL Inc.

BTL Inc.

6840.TWO
BTL Inc.TW flagTaipei Exchange
66.00
TWD
-0.60
- -
2.03BMarket Cap
BTL Inc.
6840.TWO
(Taipei Exchange)

Recent

price

66.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
23.75
26.81
32.23
34.69
25.79
29.43
- -
29.83
Revenue per Share
1.68
1.48
5.05
5.27
-1.96
0.54
- -
1.57
Basic EPS, GAAP
2.48
4.82
6.14
-2.91
-4.69
0.46
- -
-0.86
Free Cash Flow per Basic Share
0.91
0.9
0.9
2.33
2.53
- -
- -
- -
Dividend per Share
13.4
14.05
17.58
19.49
14.3
15.75
- -
16.47
Book Value per Share
20.19
22.7
26.26
28.98
29.36
35.06
- -
34.21
Tangible Book Value per Share
25
25
26
26
27
28
- -
30
Basic Weighted Avg Shares
598
663
825
888
703
838
909
909
Sales/Revenue/Turnover
9.85
12.53
18.98
13.93
-10.78
-1.21
6.76
6.76
Operating Margin (%)
85
85
93
108
131
145
144
144
Depreciation Expense
42
36
129
135
-53
16
48
48
Net Income, GAAP
12.78
26.99
11.81
14.01
- -
- -
- -
6.44
Effective Tax Rate (%)
7.09
5.5
15.66
15.19
-7.61
1.85
5.27
5.27
Profit Margin (%)
73
164
231
180
149
362
309
309
Working Capital
267
302
323
346
392
381
450
450
LT Debt
511
563
673
753
809
1,006
1,051
1,051
Total Equity
- -
6.47
13.32
9.06
- -
- -
- -
- -
Return on Invested Capital (%)
- -
5.59
16.7
15.34
- -
- -
- -
7.2
Return on Capital (%)
- -
10.66
32.4
28.43
-12.03
3.7
10.09
10.09
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
134
132
122
LT Borrowings
193
194
195
LT Finance Leases
167
266
254
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
31
Market Capitalization
1,338
1,993
1,859

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
559
576
568
Cash, Cash Equivalents & STI
242
258
260
Accounts Receivable, Net
287
288
281
Inventories
- -
- -
- -
Total Current Liabilities
262
267
259
Payables & Accruals
- -
- -
- -
ST Debt
134
132
122
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.55%
4.4%
Free Cash Flow
- -
-90.79%
-299.94%
Net Income, GAAP
- -
39.86%
209.38%
Sales/Revenue/Turnover
- -
7.8%
8.46%
Total Cash Common Dividend
- -
- -
-86.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
176
177
168
181
703
2024
188
219
227
204
838
2025
197
240
233
240
909

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.24
-0.06
-0.63
- -
-1.96
2024
0.48
0.4
-0.15
- -
0.54
2025
0.18
0.28
0.71
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.53
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
BTL Inc. BTL Inc. (6840.TWO) provides third-party testing, certification, and technical services for electronic products, specializing in electro-magnetic compatibility (EMC), safety inspections, and regulatory compliance across multiple technical platforms including mobile communications, Bluetooth and BQB certification, SAR/OTA testing, IoT devices, RF performance, telecom equipment, new energy solutions, information technology, video and cable communications, vehicle-to-everything (V2X) systems, household appliances, smart home products, electric tools, industrial equipment, medical devices, and scientific instruments; the company offers measurement services, test reports, certification applications, global compliance solutions, IoT application support, customized enterprise testing, and standards/regulatory consulting to electronic product manufacturers seeking market access worldwide. Headquartered at No.18, Lane 171, Section 2, Jiuzong Road, Neihu District, Taipei City, Taiwan, BTL Inc. operates globally with laboratories and branches in East and South Asia, Southeast Asia, the Middle East, Africa, Europe, North America, and South America, including key facilities in Taiwan (Taipei, Xizhi, Taoyuan), mainland China (Dongguan, Shanghai, Beijing, Shenzhen, Foshan), and India (New Delhi); founded in 1976 with the BTL Testing Group established in 1987, it became Taiwan's first listed company on the Strategic New Board and employs over 500 staff dedicated to high-quality, synchronized services aligned with evolving electronic markets. Recent developments include expanded capabilities in regulatory updates such as South Africa's SABS EMC testing for audio/video, IT, household appliances, lighting, and industrial equipment; advancements in BQB proficiency verification; new compliance interpretations for UK PSTI security, AI power product EMC risks, India BEE energy efficiency for color TVs, Japan REDCAP/NR Light/5G Rel.17 radio laws, loop magnetic field calculations, sound pressure testing, electrostatic standards, and IEC 62368-1 transformer requirements; and notifications on global regulatory shifts like Korea KC certifications impacted by fire incidents, Canada DFS/ETSI/ISED SAR/PMN rules, Brazil telecom/data center mandates, Indonesia amateur radio standards, EU 5725–5875 MHz restrictions, Taiwan wireless game controllers, and Mexico IFETEL logo guidelines, reflecting ongoing strategic enhancements in testing scope and international accreditation as of 2025.