1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Chemicals: major diversified
International Carbide Technology Co. Ltd.

International Carbide Technology Co. Ltd.

TTPEX:4754
37.10
TWD
+0.10
(+0.27%)
3.21EPS
11.41P/E
1.12BMarket Cap
International Carbide Technology Co. Ltd.
TPEX:4754
(Taipei Exchange)

Recent

price

37.10

P/E

ratio

11.41

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
6.34
8.2
8.66
9.64
11.66
13.57
14.8
14
16.37
18.88
16.8
17.73
15.75
21.26
20.86
20.57
20.59
Revenue per Share
0.36
0.67
0.29
0.69
0.73
1.34
1.72
1.52
2.16
2.12
1.79
1.98
1.89
2.25
2.63
2.87
3.23
Basic EPS, GAAP
0.17
0.14
0.92
1.03
1.29
2.75
1.58
1.55
-9.13
1.73
1.73
-0.46
1.2
2.38
3.73
3.99
3.79
Free Cash Flow per Basic Share
0.35
0.35
0.6
0.24
0.02
0.67
1
1.34
1.34
0.77
0.93
0.36
0.83
0.73
1.8
2
- -
Dividend per Share
5.52
5.36
5.05
5.5
6.24
6.81
8.55
8.75
9.54
10.82
11.64
13.22
14.39
15.88
16.82
17.68
17.68
Book Value per Share
5.51
5.35
5.04
5.49
6.19
6.56
8.54
8.75
9.53
10.81
11.64
13.22
14.32
15.82
16.77
17.65
17.65
Tangible Book Value per Share
27
27
27
27
27
27
28
30
30
30
30
30
30
30
30
30
30
Basic Weighted Avg Shares
169
219
231
258
311
363
409
424
496
572
509
537
477
644
632
623
624
Sales/Revenue/Turnover
6.79
8.94
6.85
8.54
6.88
10.77
13.67
13.38
13.92
14.76
14.51
14.63
13.3
13.22
15.02
17.5
17.98
Operating Margin (%)
2
3
2
3
3
10
11
5
4
9
10
11
11
12
14
15
16
Depreciation Expense
9
18
8
18
20
36
47
46
65
64
54
60
57
68
80
87
98
Net Income, GAAP
24.41
13.11
26.27
20.85
18.81
17.58
18.29
17.33
20.98
21.65
21.28
20.88
21.35
19.1
20.25
20.25
19.79
Effective Tax Rate (%)
5.61
8.18
3.37
7.16
6.29
9.88
11.59
10.89
13.2
11.21
10.68
11.17
12
10.59
12.6
13.97
15.71
Profit Margin (%)
129
139
132
141
146
167
243
234
143
164
179
220
247
271
283
271
274
Working Capital
- -
1
1
1
1
1
1
1
228
212
197
180
162
159
147
135
130
LT Debt
148
143
135
147
167
182
259
265
289
328
353
400
436
481
509
536
535
Total Equity
- -
11.65
8.45
12.24
10.94
17.95
20.1
17.45
13.16
11.95
10.35
10.53
8.03
10.39
11.23
12.29
12.18
Return on Invested Capital (%)
- -
12.27
5.56
12.97
12.43
20.44
21.43
17.54
16.06
12.22
10.14
10.59
9.68
10.98
12.31
12.72
14.04
Return on Capital (%)
- -
12.34
5.61
13.08
12.51
20.55
21.51
17.61
23.64
20.8
15.97
15.93
13.69
14.87
16.08
16.66
18.94
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
65
114
114
LT Borrowings
129
127
125
LT Finance Leases
5
6
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
1,166
1,134
1,117

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
501
596
655
Cash, Cash Equivalents & STI
293
334
382
Accounts Receivable, Net
76
101
88
Inventories
92
112
123
Total Current Liabilities
230
298
381
Payables & Accruals
- -
- -
- -
ST Debt
65
114
114
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.85%
8.77%
5.15%
Free Cash Flow
-116.47%
-65.13%
6.89%
Net Income, GAAP
10.53%
10.21%
9.33%
Sales/Revenue/Turnover
6.38%
5.22%
-1.41%
Total Cash Common Dividend
- -
43.39%
11.11%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
169
159
157
146
632
2025
195
156
143
129
623
2026
157
195
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
0.78
0.61
0.31
2.63
2025
1.15
0.7
0.78
0.24
2.87
2026
0.95
1.26
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.8
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
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Business
INternational CArbide Technology Co., Ltd. (INCA) develops, manufactures, and sells firestop and fireproofing products for passive fire protection applications. The company offers a comprehensive portfolio of firestop systems, including fire barrier caulks such as INSS1440, fire barrier silicone sealants such as INSS2460 and INSS2460+, moldable firestop putty such as FM011, firestop putty such as FM012, intumescent strips and firestop collars such as INFS0812 and SSCI, and fire barrier foams such as US150; joint systems including INSS1186 elastomeric fire caulk; electrical outlet solutions such as INCA putty pad; fireproof paints for wood such as DC333; structural steel coatings such as DC7120 intumescent coating; cable and electrical system protection products including INCA ProWrap blanket, DC6150 ablative cable coating, and DC310 intumescent cable coating; and other materials such as DC68 spray protector, INSS0285 smoke and acoustic sealant, high intumescent lamination, and firestop tape. Founded in 1998 and headquartered in Luzhu District, Taoyuan City, Taiwan, INCA operates primarily in Taiwan with sales extending to China, the United States, Europe, and the Middle East. As the only Asian firm holding UL and FM firestop approval certificates, the company serves construction, infrastructure, and industrial sectors with products installed in major projects such as Taipei 101, Taipei Metro, and Linkou Power Plant. Recent financial performance reflects steady operations, with third quarter 2025 earnings per share of NT$0.78 surpassing the prior year's NT$0.61, alongside second quarter 2025 EPS of NT$0.70.