1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Electronic equipment/Instruments
Forward Electronics Co., Ltd.

Forward Electronics Co., Ltd.

TTPEX:8085
13.95
TWD
-0.15
(-1.06%)
-0.78EPS
1.68BMarket 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
33.2
15.56
12.95
10.23
9.72
10.3
7.07
5.79
6.53
6.39
5.16
4.26
4.7
4.71
Basic EPS, GAAP
-2.3
0.08
-1.32
0.7
0.05
-1.36
-1.01
-0.53
0.24
1.23
-1
-0.86
-1.01
-0.78
Free Cash Flow per Basic Share
-0.72
-0.05
1.71
-4.53
-1.21
-0.57
-0.77
-0.66
-0.26
0.57
0.16
-1
-0.28
0.72
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.2
0.1
- -
- -
- -
Book Value per Share
8.4
8.89
7.16
9.26
11.39
12
10.44
10.23
10.65
12.07
11.97
12.37
9.04
8.26
Tangible Book Value per Share
8.31
8.81
7.08
9.2
11.31
11.87
10.38
10.23
10.64
12.07
11.96
12.36
9.03
8.24
Basic Weighted Avg Shares
140
140
140
140
140
140
140
140
140
140
140
140
140
139
Sales/Revenue/Turnover
4,647
2,178
1,813
1,432
1,361
1,441
989
811
915
894
723
596
658
656
Operating Margin (%)
-5.76
-6.48
-7.64
-15.67
-4.71
-3.54
-15.94
-17.29
-2.4
-2.78
-16.69
-18.88
-10.98
-14.13
Depreciation Expense
196
111
101
91
70
61
90
81
63
57
54
42
38
41
Net Income, GAAP
-322
11
-185
98
7
-190
-142
-74
33
172
-140
-120
-142
-109
Effective Tax Rate (%)
- -
86.18
- -
43.56
61.21
- -
- -
- -
11.91
- -
- -
- -
- -
- -
Profit Margin (%)
-6.93
0.5
-10.2
6.82
0.48
-13.19
-14.35
-9.17
3.65
19.25
-19.41
-20.18
-21.55
-16.58
Working Capital
137
1,021
896
705
632
1,144
1,650
1,633
1,452
1,042
1,196
1,184
1,134
1,076
LT Debt
172
593
560
544
521
- -
815
781
773
734
986
974
953
883
Total Equity
1,256
1,245
1,002
1,296
1,595
1,680
1,462
1,432
1,491
1,689
1,675
1,731
1,265
1,156
Return on Invested Capital (%)
- -
-0.78
- -
-5.1
-0.88
- -
- -
- -
-0.83
- -
- -
- -
- -
- -
Return on Capital (%)
- -
0.61
- -
4.73
0.7
- -
- -
- -
2
- -
- -
- -
- -
- -
Return on Common Equity (%)
-25.61
0.89
-16.46
8.5
0.46
-11.61
-9.04
-5.14
2.28
10.82
-8.34
-7.07
-9.47
-8.58

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
66
87
78
LT Borrowings
927
921
855
LT Finance Leases
26
34
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
140
140
140
Market Capitalization
2,310
2,072
1,680

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,368
1,371
1,332
Cash, Cash Equivalents & STI
950
853
963
Accounts Receivable, Net
192
178
159
Inventories
107
79
79
Total Current Liabilities
234
250
256
Payables & Accruals
- -
- -
- -
ST Debt
66
87
78
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.57%
-1.4%
-26.9%
Free Cash Flow
-172.84%
-251.52%
-71.76%
Net Income, GAAP
-320.9%
18.47%
17.92%
Sales/Revenue/Turnover
-8.52%
-3.14%
10.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
140
140
170
146
596
2025
158
165
162
174
658
2026
175
145
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.17
-0.06
-0.43
-0.21
-0.86
2025
-0.27
-0.44
0.32
-0.62
-1.01
2026
-0.16
-0.31
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Meng Chi Hsu
Full Time Employees
998
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
No. 393, Zhongzheng Road New Taipei TP Taiwan 236
IPO Date
Mar 31, 2003
Website
fwd.com.tw
Similar Companies
Advantest Corp. (TSE:6857)
Unusual Machines, Inc. (AMEX:UMAC)
FuelCell Energy, Inc. (NASDAQ:FCEL)
Lasertec Corp. (TSE:6920)
Hitachi Energy India Limited (NSE:POWERINDIA)
Keysight Technologies Inc. (NYSE:KEYS)
Business
Forward Electronics Co., Ltd. (8085.TWO) researches, develops, manufactures and sells tuners, precision electronic components, optoelectronics and related products primarily in Taiwan. The company offers precision components including switches, encoders, potentiometers, variable resistors and sensors; optoelectronics such as LED packaging, lighting applications, backlight modules and LCD display modules; information appliances and consumer electronics encompassing digital TV modules, video boxes, Bluetooth mice, headphones, remote controls and card readers; as well as WAVE/DSRC Communication Units for Intelligent Transportation Systems applications. It serves industries including optoelectronics, telecommunications, automotive electronics, information appliances and consumer electronics, with operations focused in Taiwan and a factory in Dongguan, China. Founded on August 31, 1970 and headquartered at No. 22, Section 3, Zhongshan North Road, Taipei City, the company maintains approximately 220 employees and paid-in capital of NTD 1.57 billion. In 2024, Forward Electronics obtained Alibaba's 2025 Verified Supplier Certification with ALIBABA-SGS authorization, enhancing its global supply chain credentials.