CMSC, Inc.

CMSC, Inc.

7707.TWO
CMSC, Inc.TW flagTaipei Exchange
130.00
TWD
+1.50
- -
5.94BMarket Cap
CMSC, Inc.
7707.TWO
(Taipei Exchange)

Recent

price

130.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
7.79
9.64
16.78
17.5
16.48
- -
16.46
Revenue per Share
0.08
0.89
3.53
4.32
4.22
- -
4.21
Basic EPS, GAAP
0.43
2.28
7.18
4.44
3.32
- -
3.31
Free Cash Flow per Basic Share
- -
- -
- -
- -
1
- -
- -
Dividend per Share
3.53
4.69
8.2
13.18
15.5
- -
15.48
Book Value per Share
3.06
4.37
8.09
12.63
15.46
- -
15.43
Tangible Book Value per Share
43
40
40
43
46
- -
46
Basic Weighted Avg Shares
333
383
666
761
753
649
753
Sales/Revenue/Turnover
2.83
9.77
17.37
23.47
23.93
6.68
23.93
Operating Margin (%)
17
19
19
19
27
27
27
Depreciation Expense
3
35
140
188
193
26
193
Net Income, GAAP
0.65
- -
- -
17.18
21.81
23.91
21.81
Effective Tax Rate (%)
1.01
9.23
21.04
24.69
25.59
4.03
25.59
Profit Margin (%)
130
168
312
540
693
667
693
Working Capital
8
4
- -
14
11
8
11
LT Debt
156
192
331
555
738
699
738
Total Equity
- -
20.32
43.15
31.2
20.21
4.37
20.21
Return on Invested Capital (%)
- -
19.86
53.41
40.73
29.37
3.89
29.37
Return on Capital (%)
- -
20.99
54.78
41.79
30.08
3.92
30.08
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
5
4
4
LT Borrowings
- -
- -
- -
LT Finance Leases
13
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
10,814
8,331
7,736

Working Capital

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
1,073
1,059
1,010
Cash, Cash Equivalents & STI
960
951
925
Accounts Receivable, Net
43
18
28
Inventories
34
40
38
Total Current Liabilities
524
457
317
Payables & Accruals
- -
- -
- -
ST Debt
5
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
38.17%
-5.26%
Free Cash Flow
- -
92.18%
-97.99%
Net Income, GAAP
- -
239.7%
-86.45%
Sales/Revenue/Turnover
- -
17.68%
-13.9%
Total Cash Common Dividend
- -
- -
100%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
158
195
150
258
761
2024
184
133
242
195
753
2025
- -
- -
- -
- -
649

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.75
- -
0.74
- -
4.32
2024
0.91
- -
1.1
- -
4.22
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
Business
CMSC, Inc. (7707.TWO) designs, manufactures, and provides integrated circuit services as a fabless ASIC vendor operating primarily in the semiconductor industry. The company offers a comprehensive portfolio of products and services, including modules; system-in-packages (SiPs); printed circuit boards (PCBs); customized systems; physical design, optimization, and system-on-chip (SoC) integration services; analog IC front-end and back-end design services; IC chip engineering and mass production management; system-on-chip and application-specific integrated circuit (ASIC) design services; intellectual property (IP) solutions; and process migration services. Headquartered at 2F, No. 42, Park Avenue II, Hsinchu Science Park, Hsinchu City, Taiwan, CMSC serves customers in Taiwan, Japan, South Korea, and international markets, targeting sectors such as consumer electronics, telecommunications, and industrial applications. Founded in 2001 by Cadence Design Systems, Inc. to provide IC implementation services, the company underwent a significant reorganization in Q4 2003 when Vanguard International Semiconductor Co. (VIS) and China International Development Capital (CIDC) reshuffled its structure, elevating paid-in capital to USD 18 million and establishing it as an VIS affiliate. CMSC maintains approximately 80 employees and leverages advanced electronic design automation (EDA) tools with robust IP protection protocols to deliver turnkey ASIC solutions. In recent developments, CMSC reported earnings for Q2 and the six months ended June 30, 2024, amid stable operations in commissioned design and ASIC segments, while its affiliation with VIS aligns with the parent's expansions, including a 2024 joint venture with NXP Semiconductors to form VisionPower Semiconductor Manufacturing Company Pte Ltd. for a new 300mm wafer fab in Singapore. The company was added to the S&P Global BMI Index, reflecting enhanced market visibility, and continues to focus on cost-effective logistics, engineering support, and quality assurance through its supply chain management services without notable acquisitions, funding rounds, or product launches announced in 2024-2025.