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Harmony Electronics Co. Ltd

Harmony Electronics Co. Ltd

8182.TWO
Harmony Electronics Co. LtdTW flagTaipei Exchange
43.15
TWD
-2.10
- -
4.62BMarket Cap
Harmony Electronics Co. Ltd
8182.TWO
(Taipei Exchange)

Recent

price

43.15

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
60.33
47.48
31.97
29.53
26.95
26.32
27.74
26.66
25.77
24.56
28.21
33.62
26.92
25.31
27.41
- -
27.13
Revenue per Share
2.12
1.09
0.1
0.8
1.26
0.96
0.9
1.3
1.49
1.3
2.08
4.76
2.5
1.16
2.44
- -
0.8
Basic EPS, GAAP
0.56
0.96
3.69
3.73
2
2.82
-0.23
-0.37
1.08
0.11
-0.81
-1.73
-1.35
6.73
4.66
- -
1.8
Free Cash Flow per Basic Share
0.91
1.2
0.7
0.3
0.55
0.8
0.7
0.65
1
1.12
1
1.5
3
1
1.2
- -
- -
Dividend per Share
17.76
14.62
13.88
16.96
15.03
15.01
15.1
15.68
16.06
16.06
17.02
20.07
19.17
20.92
22.7
- -
20.04
Book Value per Share
27.82
24.07
23.21
23.82
25.15
24.88
24.44
24.88
25.92
27.5
28.59
32.95
31.68
33.71
35.65
- -
31.42
Tangible Book Value per Share
90
107
107
107
107
107
107
107
107
107
107
107
107
107
107
- -
107
Basic Weighted Avg Shares
5,420
5,082
3,422
3,161
2,884
2,817
2,969
2,854
2,758
2,629
3,020
3,599
2,882
2,709
2,934
2,871
2,910
Sales/Revenue/Turnover
6.09
2.26
1.17
3.18
5.21
4.32
6.22
7.4
8.13
6.56
10.65
18.22
9.14
5.75
12.01
2.72
8.24
Operating Margin (%)
272
256
234
271
257
243
228
208
217
230
224
257
296
301
298
293
296
Depreciation Expense
190
117
11
86
135
103
97
139
160
139
222
510
267
124
261
47
85
Net Income, GAAP
21.57
20.89
51.72
24.91
27.49
28.66
32.48
24.19
31.21
26.41
24.35
22.23
23.65
30.95
30.08
47.49
42.62
Effective Tax Rate (%)
3.51
2.3
0.32
2.71
4.69
3.66
3.25
4.88
5.8
5.29
7.36
14.16
9.28
4.59
8.91
1.63
2.93
Profit Margin (%)
956
1,461
1,334
1,208
1,326
1,595
1,751
1,688
1,370
1,528
1,373
1,441
1,566
1,676
1,757
1,793
1,459
Working Capital
412
874
632
316
341
449
380
366
88
366
335
663
1,060
779
555
621
518
LT Debt
2,517
2,578
2,486
2,552
2,695
2,667
2,623
2,671
2,781
2,949
3,066
3,534
3,397
3,614
3,820
3,635
3,373
Total Equity
8.39
2.64
0.57
2.29
3.17
2.51
3.61
4.69
4.56
3.7
6.52
11.5
3.98
2.06
4.75
0.82
2.85
Return on Invested Capital (%)
9.67
5.66
1.08
4.16
5.76
4.7
4.35
6.14
7.08
6.41
9.28
16.97
7.79
3.91
7.57
1.72
2.92
Return on Capital (%)
13.37
7.4
0.71
5.19
7.91
6.41
5.99
8.46
9.42
8.09
12.56
25.68
12.73
5.8
11.2
2.01
3.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
721
684
648
LT Borrowings
504
598
477
LT Finance Leases
51
49
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
107
107
107
Market Capitalization
3,522
3,474
2,949

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,261
3,316
2,967
Cash, Cash Equivalents & STI
1,838
2,005
1,634
Accounts Receivable, Net
751
671
602
Inventories
574
584
678
Total Current Liabilities
1,504
1,569
1,508
Payables & Accruals
- -
- -
- -
ST Debt
721
684
648
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.3%
3.72%
-4.83%
Free Cash Flow
-202.97%
-132.64%
-125.34%
Net Income, GAAP
15.57%
11.23%
-82.13%
Sales/Revenue/Turnover
0.77%
-0.12%
-2.15%
Total Cash Common Dividend
20.54%
34%
66.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
549
670
737
754
2,709
2024
686
720
787
741
2,934
2025
691
691
755
- -
2,871

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.09
0.43
0.41
- -
1.16
2024
0.78
0.57
0.39
- -
2.44
2025
0.52
-0.82
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
- -
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Business
Harmony Electronics Co. Ltd is a Taiwan-based company specializing in the manufacturing and sales of precision quartz crystal products. Its core product portfolio includes crystal oscillators such as voltage-controlled crystal oscillators (VCXOs), temperature-compensated crystal oscillators (TCXOs), oven-controlled crystal oscillators (OCXOs); quartz resonators available in surface mount, through-hole, and ceramic packages; as well as high-frequency clock oscillators and other quartz electronic components. These products serve a broad array of applications including consumer electronics, data communications, automotive electronics (such as engine control units, transmission control units, electric vehicle systems), industrial systems, medical devices, and telecommunications. Founded in 1979, Harmony Electronics operates manufacturing facilities in Taiwan, China, and recently expanded in Southeast Asia with a new high-tech manufacturing facility launched in Om Noi, Thailand, in the second half of 2025. This addition marks its second facility in Thailand and supports increased market demand, supply chain resilience, and risk mitigation. The new plant focuses on the production of high-quality crystal resonators, particularly miniature packages essential for emerging technology applications in AI, IoT, upgraded Wi-Fi standards, servers, and telecommunications. The facility is automated for 24/7 operations and is progressing towards industry certifications including ISO 9001, ISO 14001, and IATF-16949. In 2024, Harmony Electronics reported consolidated operating revenue of approximately NT$2.93 billion and a net profit after tax of NT$262 million, reflecting significant year-over-year improvements. The company has strategically repositioned its leadership alongside the Thailand expansion to drive long-term growth. Harmony remains focused on expanding its industrial applications and data communications product segments to leverage growth in AI, automotive electronics, and IoT markets amid global trade and tariff challenges. These recent strategic moves enhance Harmony's competitive positioning and global supply chain robustness, addressing surging demand and advancing its leadership in precision timing components internationally.