Harmony Electronics Corp

Harmony Electronics Corp

TTPEX:8182
38.15
TWD
-1.45
(-3.66%)
-0.11EPS
5.26BMarket 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
29.53
26.95
26.32
27.74
26.66
25.77
24.56
28.21
33.62
26.92
25.31
27.41
26.82
26.41
Basic EPS, GAAP
0.8
1.26
0.96
0.9
1.3
1.49
1.3
2.08
4.76
2.5
1.16
2.44
0.44
-0.11
Free Cash Flow per Basic Share
3.73
2
2.82
-0.23
-0.37
1.08
0.11
-0.81
-1.73
-1.35
6.73
4.66
-1.18
-3.23
Dividend per Share
0.3
0.55
0.8
0.7
0.65
1
1.12
1
1.5
3
1
1.2
2
- -
Book Value per Share
23.76
25.09
24.82
24.41
24.85
25.86
27.43
28.52
32.94
31.66
33.69
35.6
33.87
33.55
Tangible Book Value per Share
23.74
25.05
24.79
24.34
24.78
25.8
27.38
28.46
32.87
31.61
33.64
35.56
33.83
33.49
Basic Weighted Avg Shares
107
107
107
107
107
107
107
107
107
107
107
107
107
108
Sales/Revenue/Turnover
3,161
2,884
2,817
2,969
2,854
2,758
2,629
3,020
3,599
2,882
2,709
2,934
2,871
2,849
Operating Margin (%)
3.18
5.21
4.32
6.22
7.4
8.13
6.56
10.65
18.22
9.14
5.75
12.01
2.72
1.19
Depreciation Expense
271
257
243
228
208
217
230
224
257
296
301
298
293
315
Net Income, GAAP
86
135
103
97
139
160
139
222
510
267
124
261
47
-11
Effective Tax Rate (%)
24.91
27.49
28.66
32.48
24.19
31.21
26.41
24.35
22.23
23.65
30.95
30.08
47.49
167.66
Profit Margin (%)
2.71
4.69
3.66
3.25
4.88
5.8
5.29
7.36
14.16
9.28
4.59
8.91
1.63
-0.4
Working Capital
1,208
1,326
1,595
1,751
1,688
1,370
1,528
1,373
1,441
1,566
1,676
1,757
1,793
1,825
LT Debt
316
341
449
380
366
88
366
335
663
1,060
779
555
621
556
Total Equity
2,552
2,695
2,667
2,623
2,671
2,781
2,949
3,066
3,534
3,397
3,614
3,820
3,635
3,601
Return on Invested Capital (%)
2.29
3.17
2.51
3.61
4.69
4.56
3.7
6.51
11.5
3.98
2.06
4.75
0.82
-0.46
Return on Capital (%)
3.08
4.24
3.25
3.06
4.35
4.94
4.28
6.21
11.89
5.67
2.89
5.55
1.24
-0.62
Return on Common Equity (%)
3.41
5.18
3.86
3.67
5.28
5.89
4.88
7.43
15.49
7.73
3.56
7.05
1.26
-0.31

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
622
745
680
LT Borrowings
583
577
522
LT Finance Leases
38
36
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
107
107
107
Market Capitalization
2,788
3,029
5,256

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,076
3,192
3,096
Cash, Cash Equivalents & STI
1,353
1,476
1,203
Accounts Receivable, Net
745
665
705
Inventories
877
989
1,117
Total Current Liabilities
1,283
1,323
1,271
Payables & Accruals
- -
- -
- -
ST Debt
622
745
680
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.3%
3.72%
-4.83%
Free Cash Flow
-202.97%
-132.64%
-125.34%
Net Income, GAAP
15.57%
11.23%
-82.13%
Sales/Revenue/Turnover
0.77%
-0.12%
-2.15%
Total Cash Common Dividend
20.54%
34%
66.67%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
686
720
787
741
2,934
2025
691
691
- -
755
2,871
2026
668
736
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.78
0.57
0.39
0.7
2.44
2025
0.52
-0.82
- -
0.39
0.44
2026
0.14
0.17
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jui Yang Yang
Full Time Employees
1,091
Sector
Electronic technology
Industry
Electronic production equipment
Address
No. 39, Huadong Road Kaohsiung City KH Taiwan 831
IPO Date
Aug 16, 2004
Business
Harmony Electronics Co. Ltd is a Taiwan-based company specializing in the manufacturing and sales of precision quartz crystal products. Its core product portfolio includes crystal oscillators such as voltage-controlled crystal oscillators (VCXOs), temperature-compensated crystal oscillators (TCXOs), oven-controlled crystal oscillators (OCXOs); quartz resonators available in surface mount, through-hole, and ceramic packages; as well as high-frequency clock oscillators and other quartz electronic components. These products serve a broad array of applications including consumer electronics, data communications, automotive electronics (such as engine control units, transmission control units, electric vehicle systems), industrial systems, medical devices, and telecommunications. Founded in 1979, Harmony Electronics operates manufacturing facilities in Taiwan, China, and recently expanded in Southeast Asia with a new high-tech manufacturing facility launched in Om Noi, Thailand, in the second half of 2025. This addition marks its second facility in Thailand and supports increased market demand, supply chain resilience, and risk mitigation. The new plant focuses on the production of high-quality crystal resonators, particularly miniature packages essential for emerging technology applications in AI, IoT, upgraded Wi-Fi standards, servers, and telecommunications. The facility is automated for 24/7 operations and is progressing towards industry certifications including ISO 9001, ISO 14001, and IATF-16949. In 2024, Harmony Electronics reported consolidated operating revenue of approximately NT$2.93 billion and a net profit after tax of NT$262 million, reflecting significant year-over-year improvements. The company has strategically repositioned its leadership alongside the Thailand expansion to drive long-term growth. Harmony remains focused on expanding its industrial applications and data communications product segments to leverage growth in AI, automotive electronics, and IoT markets amid global trade and tariff challenges. These recent strategic moves enhance Harmony's competitive positioning and global supply chain robustness, addressing surging demand and advancing its leadership in precision timing components internationally.