1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Electronic production equipment
Forcecon Technology Co. Ltd.

Forcecon Technology Co. Ltd.

TTPEX:3483
92.40
TWD
-2.50
(-2.63%)
2.90EPS
30.72P/E
8.84BMarket Cap
Nov 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.94
38.85
35.38
46.27
49.97
56.6
63.57
70.88
89.74
81.9
91.55
92.98
91
91.16
Basic EPS, GAAP
-0.82
0.08
-0.46
1.65
0.08
0.55
2.3
3.57
4.59
5.5
6.98
7.19
3.74
2.94
Free Cash Flow per Basic Share
0.94
-1.87
0.66
-0.42
-1.08
-2.93
2.94
-5.04
-4.57
9.61
2.94
-0.59
2.23
-1.72
Dividend per Share
0.75
0.09
0.09
0.06
0.56
0.28
0.07
0.37
1.62
2.58
3.43
4.47
3.05
- -
Book Value per Share
25.04
25.59
25.1
25.17
24.5
24.62
26.15
31.14
35.41
38.73
42.56
49.69
50.42
49.7
Tangible Book Value per Share
24.96
25.5
25
25.06
24.38
24.45
25.73
30.75
35.15
38.33
42.22
49.33
50.1
49.45
Basic Weighted Avg Shares
78
78
78
76
78
77
76
83
87
91
91
97
99
98
Sales/Revenue/Turnover
2,884
3,033
2,752
3,537
3,901
4,374
4,831
5,862
7,820
7,421
8,343
9,001
9,003
8,953
Operating Margin (%)
-1.35
-1.18
-4.01
3.06
2.1
1
4.85
8.34
5.23
4.6
6.37
3.77
3.35
2.41
Depreciation Expense
120
126
155
158
157
173
184
221
305
382
420
475
553
559
Net Income, GAAP
-64
6
-36
126
6
42
175
295
400
499
636
697
370
288
Effective Tax Rate (%)
- -
9.89
- -
22
40.55
41.19
26
29.63
16.2
10.79
14.44
13.69
23.59
26.02
Profit Margin (%)
-2.22
0.21
-1.29
3.57
0.15
0.97
3.63
5.04
5.12
6.72
7.63
7.74
4.11
3.22
Working Capital
1,099
997
959
1,103
1,040
1,009
1,138
1,188
1,856
1,943
2,440
2,683
2,967
2,741
LT Debt
61
56
51
46
40
35
41
137
412
120
294
407
372
161
Total Equity
1,985
2,024
1,931
1,970
1,917
1,887
2,040
2,711
3,204
3,517
4,079
4,896
4,953
4,873
Return on Invested Capital (%)
- -
-1.38
- -
3.03
1.71
0.07
5.56
9.7
7.44
5.9
8.59
4.85
3.62
2.7
Return on Capital (%)
- -
0.84
- -
5.51
0.65
2.2
7.3
9.04
9.34
10.9
12.81
12.2
6.24
5.33
Return on Common Equity (%)
-3.24
0.32
-1.82
6.5
0.31
2.24
8.92
12.44
13.53
14.84
16.76
15.52
7.51
6.18

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
937
964
1,059
LT Borrowings
310
307
108
LT Finance Leases
62
62
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
98
98
98
Market Capitalization
9,252
7,363
8,844

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,631
6,748
6,836
Cash, Cash Equivalents & STI
1,705
2,165
1,942
Accounts Receivable, Net
3,272
2,791
3,088
Inventories
1,509
1,668
1,653
Total Current Liabilities
3,664
3,952
4,095
Payables & Accruals
- -
- -
- -
ST Debt
937
964
1,059
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.39%
13.02%
1.16%
Free Cash Flow
-132.12%
-200.38%
-488.16%
Net Income, GAAP
48.84%
10.04%
-46.93%
Sales/Revenue/Turnover
13.13%
9.72%
0.02%
Total Cash Common Dividend
161.42%
94.09%
-30.31%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,914
2,178
2,569
2,340
9,001
2025
1,783
2,507
2,594
2,119
9,003
2026
2,016
2,225
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.38
2.06
1.15
2.31
7.19
2025
0.05
1.45
1.62
0.61
3.74
2026
0.17
0.52
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
4.5
- -
4.47
2025
- -
- -
- -
- -
3.05
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chen Chi Jao
Full Time Employees
300
Sector
Electronic technology
Industry
Electronic production equipment
Address
No. 31, Xintai Road Hsinchu Taiwan 30252
IPO Date
Sep 30, 2005
Website
forcecon.com
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Business
Forcecon Technology Co., Ltd. Forcecon Technology Co., Ltd. engages in the research, development, production, and sale of thermal management solutions primarily for electronics, servers, and automotive applications worldwide. The company offers axial fans, centrifugal and blower fans, heat pipes, slim vapor chambers, vapor chambers, heat sinks, thermal modules for PCs, AIOs, gaming, AI PCs, and servers, cold plate liquid cooling products, and immersion cooling systems. These products serve market segments including automotive, battery charging and storage, consumer and commercial electronics, datacenters, medical devices, networking, notebooks, semiconductors, servers, smartphones, and VGA graphics. Founded in 1997 and headquartered in Zhubei City, Hsinchu County, Taiwan, Forcecon Technology operates manufacturing facilities in Taiwan, China (Suzhou, Chongqing, Sichuan, Anhui), and Vietnam (Ha Nam). The company provides vertically integrated services from in-house design and prototyping to mass production, positioning it as a system integration provider for tier-one OEMs, ODMs, and international brands. Recent developments include the establishment of new manufacturing sites in New Taipei City, Taiwan, and Ha Nam, Vietnam in 2024; a collaboration with Intel in 2022 to form the Advanced Cooling Technology Joint Lab; and plans announced in 2023 to build Asia's first advanced liquid cooling systems plant in northern Taiwan for commercial production.