S&S Healthcare Holding Ltd.

S&S Healthcare Holding Ltd.

TTPEX:4198
45.00
TWD
-2.15
(-4.56%)
-1.75EPS
945.03MMarket Cap
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
59.48
80.6
73.7
53.78
54.5
38
21.36
8.24
8.36
14.36
11.04
9.97
8.47
7.16
Basic EPS, GAAP
-59.82
-68.66
-66.74
-61.86
-48.79
-27.97
-17.91
-9.34
-6.52
-3.77
4.49
-1.71
-1.96
-1.68
Free Cash Flow per Basic Share
-72.48
-93.94
-64.14
-50.41
-47.64
-17.1
-10.6
-5.56
-5.49
-8.02
-4.3
-2.53
-1.25
-1.61
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
171.34
254.7
161.18
104.38
54.67
28.3
11.75
5.17
3.41
6.12
12.47
10.82
9.4
8.46
Tangible Book Value per Share
165.61
246.68
154.53
101.49
53.03
27.3
11.37
5.04
3.34
3.87
10.6
9.44
8.35
7.6
Basic Weighted Avg Shares
6
8
9
9
9
9
9
12
15
18
23
24
24
24
Sales/Revenue/Turnover
343
624
643
458
464
323
182
101
122
254
255
240
204
172
Operating Margin (%)
-84.92
-86.04
-92.55
-110.82
-88.7
-74.1
-71.99
-131.27
-84.89
-38.09
-35.89
-28.48
-23.13
-29.18
Depreciation Expense
19
30
45
48
41
30
27
19
22
34
26
27
20
22
Net Income, GAAP
-345
-532
-582
-526
-415
-238
-152
-115
-95
-67
104
-41
-47
-40
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-100.58
-85.18
-90.56
-115.04
-89.52
-73.61
-83.85
-113.32
-77.97
-26.29
40.71
-17.18
-23.16
-23.47
Working Capital
1,313
2,153
845
756
469
290
133
107
136
175
272
222
173
163
LT Debt
188
137
139
130
124
126
126
131
119
174
77
30
11
11
Total Equity
1,256
2,308
1,371
888
465
241
100
68
94
215
404
318
277
252
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-54.87
-29.84
-31.65
-46.59
-61.36
-67.43
-89.45
-136.95
-155.39
-70.31
47.53
-14.7
-19.41
-18.18

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
18
17
16
LT Borrowings
5
5
4
LT Finance Leases
5
8
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
24
Market Capitalization
880
912
945

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
263
245
251
Cash, Cash Equivalents & STI
107
82
73
Accounts Receivable, Net
44
44
36
Inventories
45
44
47
Total Current Liabilities
90
78
88
Payables & Accruals
- -
- -
- -
ST Debt
18
17
16
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.08%
44.19%
-12.88%
Free Cash Flow
-18%
-4.98%
-50.49%
Net Income, GAAP
-56.1%
-85.4%
14.57%
Sales/Revenue/Turnover
-3.77%
21.62%
-15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69
54
60
-5
240
2025
66
38
44
56
204
2026
40
33
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.79
-0.51
-0.57
0.16
-1.71
2025
-0.34
-0.73
-0.5
-0.4
-1.96
2026
-0.39
-0.39
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pei Lin Lee
Full Time Employees
200
Sector
Health technology
Industry
Medical specialties
Address
No. 85 Xinhu 1st Road Taipei TP Taiwan 114
IPO Date
Dec 23, 2014
Business
S&S Healthcare Holding Ltd. is a Taiwan-based investment holding company primarily engaged in the research and development, production, sales, and agency of digital X-ray diagnostic imaging equipment and bone density testing equipment. The company also provides installation, maintenance, upgrade services for these products globally, including maintenance services for 1.5 Tesla magnetic resonance imaging (MRI) devices. Its core product portfolio includes digital X-ray machines, bone density equipment, and MRI maintenance solutions. The company operates across major markets including North America, Europe, and Asia. Founded in 1988 and headquartered in Taiwan, S&S Healthcare positions itself in the healthcare equipment industry, serving hospitals, clinics, and medical service providers with advanced medical imaging technology and related service offerings. In the last 1-2 years, S&S Healthcare has focused on expanding its product lines to include personal protective equipment (PPE) and developing equipment for long-term care services. It has initiated expansion into the veterinary healthcare business and pursued integration of physical and virtual distribution channels to enhance market reach. The company has also expanded its network of domestic and international distributors and introduced new sales models to strengthen its competitive positioning. Recent strategies emphasize multi-brand approaches with niche brands focusing on e-commerce, alongside solidifying cooperation with pharmacy channels and ophthalmology clinics to increase sales and profitability. Additionally, the company underwent a significant transformation in its business approach by rebranding as Reflect Health in October 2025 to reflect its evolution from a traditional third-party administrator (TPA) to a Benefits Hub. This new identity offers a centralized platform that integrates administration, network access, and marketplace services tailored for self-funded insurance plans. Reflect Health provides tailored plan management, access to premium national and specialty networks, and a curated marketplace of cost containment and member experience solutions, leveraging proprietary technology and over 100 TPA affiliations nationwide. This strategic shift is supported by a major growth investment from private equity firm Lovell Minnick Partners, aiming to accelerate operational efficiency, expand solution offerings, and advance market presence in the self-funded healthcare sector. S&S Healthcare operates broadly in the health care equipment and healthcare services industries, targeting hospitals, clinics, program managers, TPAs, brokers, and employers with mid-sized to large health plans. Its international footprint spans North America, Europe, and Asia, with a focus on connecting healthcare providers and insurers through innovative technology and service platforms. The company was founded in 1988 and is headquartered in Taiwan. Its recent corporate developments include acquisitions, new executive appointments, and strategic partnerships to enhance governance and growth capabilities. Overall, S&S Healthcare Holding Ltd. combines manufacturing and servicing of advanced medical imaging devices with a newly expanded role as a technology-driven benefits administration hub, blending physical medical equipment with digital healthcare service innovations to meet evolving customer needs in global healthcare markets.