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    Producer manufacturing

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    Industrial machinery
Key Ware Electronics Co., Ltd.

Key Ware Electronics Co., Ltd.

TTPEX:5498
58.40
TWD
-5.10
(-8.03%)
0.41EPS
159.64P/E
11.77BMarket Cap
Key Ware Electronics Co., Ltd.
TPEX:5498
(Taipei Exchange)

Recent

price

58.40

P/E

ratio

159.64

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
5.64
5.32
7.01
7.67
7.21
4.84
4.51
5.78
6.79
7
7.05
8.86
7.57
5.56
6.05
7.3
10.11
Revenue per Share
0.05
0.01
0.02
0.06
0.13
0.02
0.25
0.2
0.2
0.39
0.49
0.18
0.01
0.06
-0.01
- -
0.38
Basic EPS, GAAP
0.66
0.61
-0.98
0.19
-0.03
1.31
-1.05
0.14
-0.35
-0.01
0.76
-1.65
-1.33
1.84
-0.79
-0.17
-0.72
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
0.02
- -
0.03
0.19
- -
0.1
- -
0.15
- -
Dividend per Share
8.75
9.38
9.14
9.58
10.23
10.01
9.72
9.84
9.01
9.54
11.19
10.27
10.91
10.51
10.8
10.88
11.32
Book Value per Share
8.42
9.34
9.1
9.54
10.18
9.97
9.68
9.58
8.78
9.32
10.99
10.1
10.76
10.38
10.68
10.78
11.23
Tangible Book Value per Share
176
176
177
179
179
179
179
179
179
179
179
178
192
192
192
193
178
Basic Weighted Avg Shares
992
935
1,243
1,374
1,292
867
808
1,034
1,217
1,255
1,264
1,579
1,454
1,068
1,163
1,408
1,802
Sales/Revenue/Turnover
3.05
2.62
-3.11
1.05
1.66
0.92
4.14
1.94
2.94
3.21
2.74
1.31
-6.25
-16.67
-1.26
0.89
5.07
Operating Margin (%)
196
199
188
176
160
126
70
71
77
103
118
157
174
155
132
154
153
Depreciation Expense
8
2
3
11
24
3
44
36
36
70
87
31
3
12
-1
-1
68
Net Income, GAAP
61.97
69.08
- -
31.66
24.96
48.03
25.38
31.49
28.52
22.13
23.99
32.46
83.92
96.68
- -
88.2
26.89
Effective Tax Rate (%)
0.83
0.25
0.25
0.79
1.85
0.38
5.43
3.48
2.98
5.54
6.9
1.99
0.18
1.11
-0.13
-0.04
3.77
Profit Margin (%)
187
416
501
346
787
668
792
728
662
860
1,062
307
921
844
868
1,093
1,114
Working Capital
255
326
306
- -
278
232
188
144
210
406
421
302
743
494
485
465
519
LT Debt
1,539
1,650
1,636
1,715
1,831
1,792
1,741
1,790
1,644
1,742
2,041
2,010
2,125
2,040
2,097
2,120
2,210
Total Equity
0.22
0.33
- -
0.42
0.65
0.16
0.99
0.53
0.9
1.45
0.96
0.58
-0.42
-0.23
- -
0.05
1.81
Return on Invested Capital (%)
0.8
0.43
- -
1.02
1.49
0.5
2.23
1.72
1.75
3.03
3.4
1.22
0.2
0.56
- -
0.05
2.37
Return on Capital (%)
0.52
0.15
0.19
0.65
1.35
0.18
2.48
2.05
2.15
4.18
4.69
1.58
0.13
0.58
-0.07
-0.03
3.35
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,059
1,600
1,337
LT Borrowings
451
- -
480
LT Finance Leases
14
11
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
194
194
Market Capitalization
9,741
10,084
11,768

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,327
2,421
2,654
Cash, Cash Equivalents & STI
803
737
747
Accounts Receivable, Net
723
839
1,013
Inventories
494
506
539
Total Current Liabilities
1,234
1,747
1,541
Payables & Accruals
- -
- -
- -
ST Debt
1,059
1,600
1,337
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.9%
0.82%
1.09%
Free Cash Flow
-685.9%
-157.91%
-78.67%
Net Income, GAAP
136.83%
4.28%
-58.16%
Sales/Revenue/Turnover
6.32%
4.07%
21.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
261
315
298
289
1,163
2025
301
335
368
404
1,408
2026
448
583
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
-0.04
-0.18
0.13
-0.01
2025
-0.12
-0.06
0.01
0.17
- -
2026
- -
0.18
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.15
2026
- -
- -
- -
- -
- -
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Business
Key Ware Electronics Co., Ltd. (TPE:5498) manufactures and sells electronic components and modules focused on wireless communication and Internet of Things (IoT) solutions. The company offers core products including Wi-Fi modules, Bluetooth modules, LoRa modules, and Zigbee modules; RF transceivers and antennas; IoT gateway devices and sensors; and customized wireless solutions for smart home, industrial automation, and healthcare applications. Founded in 2000 and headquartered in New Taipei City, Taiwan, Key Ware operates primarily in Asia with distribution networks extending to Europe and North America, serving OEMs, ODMs, and system integrators in the consumer electronics and industrial sectors. In recent developments, the company expanded its product portfolio in 2024 with new Matter-certified Wi-Fi modules supporting the latest smart home interoperability standards and partnered with leading semiconductor firms for next-generation low-power RF chipsets. Additionally, Key Ware announced a strategic investment in 2025 to enhance its production capacity for 5G-enabled IoT modules amid growing demand in smart city projects across Southeast Asia.