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    Information technology services
PAPAGO Inc.

PAPAGO Inc.

TTPEX:3632
12.00
TWD
-0.25
(-2.04%)
-0.24EPS
602.66MMarket Cap
PAPAGO Inc.
TPEX:3632
(Taipei Exchange)

Recent

price

12.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
23.82
23.14
36.07
39.7
40.77
61.7
34.61
30.76
22.05
15.26
9.97
8.6
9.27
9.62
9.09
6.48
7.86
Revenue per Share
2.58
1.42
0.92
0.53
-2.46
1.95
-4
-1.74
-1.74
-4.16
-4.99
-0.71
0.07
0.11
-0.29
-0.38
-0.25
Basic EPS, GAAP
-1.3
-3.74
-4.85
-6.5
-6
-4.28
-4.26
-5.24
-2.8
1.45
-1.51
-0.9
-0.29
0.6
-0.14
0.26
-0.42
Free Cash Flow per Basic Share
0.41
0.94
0.26
0.17
0.33
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.82
17.74
18.97
19.79
16.6
18.16
13.51
15.19
13.63
9.22
4.23
3.48
3.57
3.62
3.31
2.93
2.83
Book Value per Share
9.21
17.11
18.38
19.17
16.02
18.05
13.1
14.99
13.55
9.16
4.23
3.48
3.57
3.62
3.31
2.91
2.82
Tangible Book Value per Share
19
24
24
24
24
24
22
24
34
41
41
41
41
41
41
41
36
Basic Weighted Avg Shares
456
556
871
967
994
1,491
755
750
755
624
408
351
379
393
372
265
283
Sales/Revenue/Turnover
11.98
3.94
4.82
1.1
-6.47
5.37
-13.86
-9.44
-11.4
-24.45
-34.18
-39.46
-5.13
1.75
-4.53
-5.34
-2.68
Operating Margin (%)
10
11
11
11
9
9
8
13
22
30
23
25
22
18
18
20
20
Depreciation Expense
49
34
22
13
-60
47
-87
-42
-60
-170
-204
-29
3
4
-12
-16
-9
Net Income, GAAP
13.39
- -
20.81
13.22
- -
24.1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
10.85
6.13
2.55
1.33
-6.03
3.17
-11.57
-5.65
-7.9
-27.23
-50.11
-8.23
0.76
1.13
-3.22
-5.88
-3.23
Profit Margin (%)
202
411
538
383
532
452
254
548
367
175
73
35
60
57
25
3
-7
Working Capital
137
144
306
104
468
359
334
434
231
234
265
97
88
82
88
81
99
LT Debt
251
451
486
516
484
462
346
580
629
437
219
174
168
173
149
134
127
Total Equity
12.25
- -
4.17
0.97
- -
5.84
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
12.87
- -
3.01
1.93
- -
4.81
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
22.88
10.25
5
2.71
-13.28
10.96
-22.29
-9.95
-11.09
-36.36
-74.29
-18.35
2
3.01
-8.46
-12.21
-7.64
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
36
35
51
LT Borrowings
58
61
60
LT Finance Leases
23
16
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
730
730
603

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
96
96
95
Cash, Cash Equivalents & STI
28
20
8
Accounts Receivable, Net
23
23
28
Inventories
30
33
40
Total Current Liabilities
93
85
102
Payables & Accruals
- -
- -
- -
ST Debt
36
35
51
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.42%
-8.95%
-9.97%
Free Cash Flow
-118.44%
-164.09%
-286.03%
Net Income, GAAP
-57.32%
-96.54%
30.06%
Sales/Revenue/Turnover
-13.78%
-7.28%
-28.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90
96
100
86
372
2025
64
60
60
81
265
2026
73
70
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.11
0.04
-0.45
-0.29
2025
-0.08
-0.19
-0.16
0.09
-0.38
2026
0.06
-0.18
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Papago Inc. Papago Inc. (3632.TWO) develops and sells software and hardware for satellite navigation systems, AI image recognition solutions, and in-vehicle communication devices in Taiwan and internationally. The company offers face recognition solutions under the Face8 brand, including attendance systems, access control, gym management, and construction site controls; license plate recognition and voice recognition technologies; electronic signage and digital kiosk products such as FarBar advertising machines and electronic billboards; satellite navigation products encompassing handheld and car-mounted navigation systems with Map8 electronic maps; driving recorders, rearview mirror dashcams, and car-mounted Android phones; smart life products; and additional offerings like craft beer retail through Zhangmen brand. Papago Inc. sells its products through online platforms, retail stores, and distributors, targeting consumer, enterprise, and industrial customers in sectors including automotive safety, security, and advertising. Founded in 1990 and headquartered in Taipei, Taiwan, the company maintains branches in Japan, Hong Kong, the United States, and China, and listed on the Taipei Exchange in 2011. Recent developments include expansions in AI applications such as dynamic license plate recognition and deepened focus on Southeast Asian markets for image recognition; strengthened cloud integration for kiosks; launches of truck navigation, fleet management systems, and high-resolution electronic rearview mirror dashcams; and ongoing improvements in gross margins to 48% in Q3 2022 alongside operational profitability turns in craft beer segments in Taiwan and Hong Kong.