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Wah Hong Industrial Corp.

Wah Hong Industrial Corp.

TTPEX:8240
55.10
TWD
+4.10
(+8.04%)
2.33EPS
22.58P/E
5.32BMarket Cap
Nov 05Next Earn
Wah Hong Industrial Corp.
TPEX:8240
(Taipei Exchange)

Recent

price

55.10

P/E

ratio

22.58

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
129.31
134.34
135.66
116.39
122.37
96.19
89.2
82.7
77.97
98.87
105.3
111.78
93.21
76.31
75.87
71.36
67.84
Revenue per Share
5.99
5.33
3.44
0.95
2.05
0.01
-6.76
0.47
1.51
2.1
2.21
4.39
2.66
2.05
3.04
2.18
2.36
Basic EPS, GAAP
-6.87
-2.29
-9.08
5.78
2.31
13.65
-1.52
7.87
-1.73
2.65
-0.2
4.24
11.06
2.18
2.8
2.45
1.84
Free Cash Flow per Basic Share
1.77
3.02
2.7
1.55
1
1.2
0.5
- -
- -
0.85
1.3
1.6
2.5
1.5
1.49
1.6
- -
Dividend per Share
38.81
45.2
45.01
46.01
48.71
46.63
36.94
36.85
37.67
38.02
39.3
42.09
41.81
42.61
46.98
45.55
47.93
Book Value per Share
37.39
44.13
43.57
45.14
47.78
46.06
35.7
35.8
37.46
37.92
39.11
41.84
41.59
42.21
46.47
45.02
47.3
Tangible Book Value per Share
74
77
85
97
100
100
100
100
99
99
98
98
99
99
99
100
100
Basic Weighted Avg Shares
9,512
10,309
11,532
11,290
12,238
9,620
8,921
8,229
7,751
9,813
10,312
10,969
9,183
7,518
7,512
7,136
6,767
Sales/Revenue/Turnover
6.78
5.09
4.77
1.24
3.21
1.29
-1.79
0.06
0.58
2.79
2.57
3.35
3.71
3.23
3.4
4.29
3.07
Operating Margin (%)
252
261
305
354
342
355
332
277
319
328
345
326
329
276
283
270
270
Depreciation Expense
441
409
292
92
205
1
-676
47
151
208
216
430
262
202
301
218
235
Net Income, GAAP
23.66
31.41
35.99
46.53
36.34
81.74
- -
18.66
10.11
17.78
27.28
35.93
32.82
23.92
32.61
31.32
24.62
Effective Tax Rate (%)
4.64
3.97
2.53
0.81
1.68
0.01
-7.58
0.57
1.94
2.12
2.1
3.92
2.86
2.69
4.01
3.06
3.47
Profit Margin (%)
2,234
2,157
1,858
2,781
3,621
3,371
2,591
2,392
2,474
2,562
2,689
2,892
2,605
2,552
3,003
2,987
2,728
Working Capital
1,348
645
599
954
1,300
1,040
861
668
580
601
571
609
527
566
571
514
508
LT Debt
2,995
3,931
3,919
4,638
4,907
4,700
3,734
3,710
3,800
3,858
4,003
4,256
4,233
4,311
4,814
4,664
4,905
Total Equity
8.68
6.41
4.43
0.93
3.14
0.31
- -
0.07
0.65
4.3
3.34
3.78
3.56
2.99
2.65
3.59
2.71
Return on Invested Capital (%)
8.52
6.64
4.34
1.64
3.18
0.03
- -
1.39
3.35
3.71
3.71
6.76
4.23
3.77
5.57
4.16
4.65
Return on Capital (%)
15.48
11.92
7.51
2.16
4.33
0.03
-16.19
1.27
4.07
5.58
5.72
10.77
6.35
4.87
6.77
4.71
5.22
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
609
881
813
LT Borrowings
462
439
437
LT Finance Leases
52
48
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
3,680
5,170
5,320

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,068
5,092
5,132
Cash, Cash Equivalents & STI
1,555
1,550
1,618
Accounts Receivable, Net
2,186
2,090
2,079
Inventories
797
886
888
Total Current Liabilities
2,081
2,394
2,404
Payables & Accruals
- -
- -
- -
ST Debt
609
881
813
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.27%
3.24%
-3.11%
Free Cash Flow
-330.25%
-418.81%
-11.63%
Net Income, GAAP
-5,214.92%
11.64%
-27.55%
Sales/Revenue/Turnover
-2.22%
-6.62%
-5%
Total Cash Common Dividend
- -
- -
8.27%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,654
1,851
2,009
1,998
7,512
2025
1,885
1,737
1,826
1,689
7,136
2026
1,612
1,640
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.79
1.73
0.17
3.04
2025
0.76
0.25
0.53
0.64
2.18
2026
0.4
0.78
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.49
2025
- -
- -
- -
- -
1.6
2026
- -
- -
- -
- -
- -
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Business
Wah Hong Industrial Corp. (8240.TWO) engages in the development, production, and sale of advanced composite materials and plastic compounds primarily for optoelectronics, automotive, electronics, communication, and sporting goods industries; headquartered in Kaohsiung, Taiwan, with plants in Taiwan and China including Suzhou, Huizhou, Ningbo, Xiamen, and Qingdao, the company was founded in 1973 as Wah Hong Chemical Corp. and renamed in 1997. Core products encompass opto-electronic materials such as reflector films, light guide plates, diffusion plates and films, cadmium-free quantum dot films, brightness enhancement films, polarizers, decorative films, and anti-shatter films for LCD backlights, touch panels, TVs, monitors, notebooks, cell phones, tablets, public displays, LED lighting, and automotive applications; precision coating products including protective films, screen protectors, anti-shatter films, thermal/UV release tapes, QFN tapes, anti-scratch, anti-glare, high contact angle, and abrasion-resistant optical films, plus OEM/ODM coating services; functional materials featuring thermosetting compounds like bulk molding compounds (BMC), dry BMC, diallyl phthalate (DAP), epoxy, granular thermosets for smart meters, EV motors, and electronics; engineering thermoplastics such as PPE, PCT, PPA, PEI, PES, PPS, PEEK in antistatic series for IC trays, reels, LCD cassettes, and thermally conductive plastics; composite materials including epoxy resins, fiber prepregs, and sheets; lithium battery materials, high-capacity cells, drone battery modules (7.4V-51.8V/4.5A-36Ah), and power module encapsulants for IGBT/MOSFET (600V-1200V); plus precision molding items like headlight reflectors, server motor encapsulants, fuel cell components, optical fiber supports, CMP retainer rings, roller housings, and idler rollers. In recent developments, Wah Hong advances high-value differentiated products including semiconductor packaging films, automotive display optical films, customized coatings, and drone battery modules amid Taiwan's Great South New Silicon Valley initiative integrating AI, drones, and green energy; the company pursues 2025 expansions in Micro-LED/Mini-LED materials, EV instrument panels, curing films for semiconductors/PCBs, military/commercial drone batteries, and energy-saving processes while enhancing ESG compliance with ISO certifications, carbon footprint efforts, and halogen-free standards; board changes include representative transitions at Bau Guang Investment in 2024 and Tsuen-Hsien Chang's appointment as Chief Strategy Officer in November 2024.