1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Federal Corp.

Federal Corp.

TTWSE:2102
15.85
TWD
-0.05
(-0.31%)
8.05EPS
2.25P/E
8.32BMarket 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
18.03
16.68
16.4
11.6
12.15
10.9
9.88
12.41
3.4
3.52
1.04
0.58
0.58
0.45
Basic EPS, GAAP
1.39
0.92
1.19
-0.02
-1.52
-2.67
-1.46
0.24
-5.11
-2.95
-3.76
-1.01
6.28
8.05
Free Cash Flow per Basic Share
1.48
1.27
2.31
0.72
-3.79
0.07
0.48
0.68
-2.47
-0.19
-1.26
-0.51
-0.58
-0.6
Dividend per Share
0.09
0.18
0.15
0.2
0.1
- -
- -
- -
0.02
- -
- -
- -
- -
- -
Book Value per Share
19.6
20.65
21.49
20.81
19.68
17.47
15.93
16.41
11.55
8.66
15.64
14.67
20.99
20.91
Tangible Book Value per Share
19.51
20.55
21.41
20.74
19.64
17.41
15.89
16.39
11.52
8.64
15.63
14.66
20.99
20.91
Basic Weighted Avg Shares
460
460
460
460
460
460
460
460
460
460
460
460
460
489
Sales/Revenue/Turnover
8,288
7,665
7,536
5,331
5,585
5,008
4,541
5,705
1,561
1,616
478
267
266
218
Operating Margin (%)
9.51
6.89
8.69
0.57
-8.03
-17.53
-7.87
4.12
-118.1
-45.13
-224.61
-85.86
-83.23
-104.14
Depreciation Expense
546
595
631
598
574
620
634
530
529
436
366
221
88
31
Net Income, GAAP
638
423
545
-9
-698
-1,226
-670
111
-2,350
-1,356
-1,729
-465
2,885
3,934
Effective Tax Rate (%)
21.6
25.57
21.75
120.09
- -
- -
- -
21.98
- -
- -
- -
- -
1.35
1.51
Profit Margin (%)
7.7
5.52
7.24
-0.17
-12.5
-24.47
-14.74
1.95
-150.52
-83.94
-361.47
-173.97
1,085.05
1,806.36
Working Capital
4,016
3,281
3,637
2,963
1,990
2,349
2,636
2,530
3,140
2,702
525
61
3,124
2,746
LT Debt
1,169
72
673
2,193
3,093
4,176
4,067
3,813
3,830
3,632
3,831
3,712
- -
- -
Total Equity
9,276
9,774
10,172
9,849
9,043
8,028
7,320
7,543
5,308
3,980
7,190
6,743
9,648
9,610
Return on Invested Capital (%)
5.63
3.63
4.7
-0.05
- -
- -
- -
1.57
- -
- -
- -
- -
-2.15
-2.32
Return on Capital (%)
6.21
4.15
5.2
-0.1
- -
- -
- -
1.32
- -
- -
- -
- -
28.4
40.34
Return on Common Equity (%)
7.17
4.44
5.47
-0.09
-7.39
-14.36
-8.73
1.5
-36.57
-29.2
-30.96
-6.68
35.2
51.67

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
59
29
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
460
460
460
Market Capitalization
8,985
8,985
8,318

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,443
3,027
2,864
Cash, Cash Equivalents & STI
2,920
2,557
2,739
Accounts Receivable, Net
72
50
55
Inventories
12
2
1
Total Current Liabilities
320
173
118
Payables & Accruals
- -
- -
- -
ST Debt
59
29
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.45%
12.57%
43.08%
Free Cash Flow
-26.3%
-10.51%
13.93%
Net Income, GAAP
422.19%
-603.21%
-720.15%
Sales/Revenue/Turnover
-20.27%
-36.84%
-0.57%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
57
60
79
78
267
2025
76
62
62
66
266
2026
41
49
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.19
-0.15
-0.27
-0.39
-1.01
2025
-0.18
-2.19
0.16
8.49
6.28
2026
0.01
-0.1
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Heng Kuan Chen
Full Time Employees
1,837
Sector
Consumer durables
Industry
Automotive aftermarket
Address
No.369, Chung Hwa Road Taoyuan TYC Taiwan 328451
IPO Date
Jul 16, 1979
Website
federalcorporation.com.tw
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Business
Federal Corporation (2102.TW) manufactures and markets tires for passenger cars, light trucks, trucks and buses, and industrial vehicles in Taiwan and internationally. The company offers a comprehensive range of products including ultra-high performance (UHP) tires such as the SS535 series featuring TTIC technology, three-radius tread design, and Opti-Noise Technology for enhanced comfort and rim protection; high performance tires; passenger car radial (PCR) tires; SUV tires; light truck radial (LTR), recreational vehicle radial (RVR), and light van radial (LVR) tires; truck and bus radial (TBR) tires under brands like COURAGIA ADVENTURE; snow tires; energy-saving and environmentally friendly tires; drift tires; and motorsports tires including Federal Motorsports lines. Founded in 1954 and headquartered in Taoyuan City, Taiwan, Federal Corporation operates primarily in the automobiles and auto parts sector, targeting high-performance, touring, and commercial vehicle markets across Asia and global regions with approximately 1,875 employees. Recent developments include the completion of a short-form merger with its subsidiary Taicheng Development Co., Ltd. in February 2023 as the surviving entity; approval and implementation of a private sector land readjustment project by the Taoyuan government in late 2022 to optimize assets; and ongoing research into high-value-added tires to expand product categories and market share, alongside historical sponsorships in international drift series such as King of Europe through 2016.