1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Motor vehicles
Sanyang Motor Co., Ltd.

Sanyang Motor Co., Ltd.

TTWSE:2206
64.20
TWD
+0.30
(+0.47%)
6.14EPS
10.43P/E
46.64BMarket 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
38.84
41.64
36.99
40.5
37.12
38.06
40.65
50.79
52.32
64.15
81.33
82.8
79.8
78.65
Basic EPS, GAAP
-0.56
-0.32
3.48
-0.37
0.6
1.26
2.71
2.41
2.3
3.93
7.95
6.02
5.78
5.86
Free Cash Flow per Basic Share
-2.78
-1.41
-1.52
3.83
1.4
-1.89
-1.38
3.62
0.23
-0.31
6.27
5.11
2.91
5.33
Dividend per Share
0.48
0.46
- -
1
1.03
1.02
1.01
1.01
1.31
1.31
1.81
3
3.03
- -
Book Value per Share
15.41
15.89
19.07
16.92
15.48
15.63
17.1
18.39
19.45
22.51
28.27
31.74
33.81
33.86
Tangible Book Value per Share
15.41
15.89
19.07
16.92
15.48
15.63
17.1
18.39
19.45
21.2
26.89
30.37
33.28
33.31
Basic Weighted Avg Shares
840
876
889
875
853
824
821
803
795
793
793
793
785
774
Sales/Revenue/Turnover
32,626
36,457
32,884
35,451
31,679
31,351
33,383
40,775
41,617
50,851
64,461
65,625
62,632
60,899
Operating Margin (%)
-2.75
-2.31
-1.27
1.19
1.21
-0.22
1.52
4.8
5.3
6.77
9.49
8.92
8.68
7.88
Depreciation Expense
1,210
1,114
1,074
1,104
1,130
1,176
1,216
1,380
1,413
1,380
1,407
1,492
1,716
1,847
Net Income, GAAP
-474
-279
3,093
-322
509
1,038
2,226
1,938
1,830
3,116
6,298
4,770
4,533
4,536
Effective Tax Rate (%)
- -
- -
16.68
- -
7.74
37.93
9.03
17.73
16.08
15.06
17.49
20.74
20.39
21.68
Profit Margin (%)
-1.45
-0.76
9.41
-0.91
1.61
3.31
6.67
4.75
4.4
6.13
9.77
7.27
7.24
7.45
Working Capital
5,953
2,191
2,698
7,714
5,543
4,287
1,288
1,382
5,468
8,253
9,901
9,983
12,236
11,448
LT Debt
5,285
500
650
5,581
4,710
5,950
4,987
6,171
9,700
12,870
13,749
14,037
21,161
18,892
Total Equity
15,065
16,270
18,510
16,617
14,637
14,101
15,241
16,067
16,820
20,242
25,394
28,585
42,302
41,945
Return on Invested Capital (%)
- -
- -
-1.08
- -
1.21
-0.22
1.33
4.92
5.49
7.28
10.75
8.98
6.66
5.2
Return on Capital (%)
- -
- -
10.65
- -
2.51
5.22
8.01
6.18
5.53
7.68
13.62
9.33
7.15
6.74
Return on Common Equity (%)
-3.55
-2.06
20.02
-2.04
3.67
8.06
16.57
13.46
12.13
18.75
31.31
20.07
17.62
18.49

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,072
13,201
12,549
LT Borrowings
20,382
18,068
18,205
LT Finance Leases
779
697
687
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
778
773
763
Market Capitalization
47,790
45,086
46,639

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
35,774
35,643
38,215
Cash, Cash Equivalents & STI
18,026
16,140
18,366
Accounts Receivable, Net
3,293
4,403
4,495
Inventories
12,788
13,355
13,435
Total Current Liabilities
23,538
24,328
26,766
Payables & Accruals
- -
- -
- -
ST Debt
12,072
13,201
12,549
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.87%
22.21%
47.99%
Free Cash Flow
-354.73%
-504.19%
-43.73%
Net Income, GAAP
-2.56%
27.51%
-4.97%
Sales/Revenue/Turnover
7.3%
9.65%
-4.56%
Total Cash Common Dividend
- -
26.4%
-0.01%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,817
18,078
16,187
14,542
65,625
2025
15,086
17,210
15,687
14,648
62,632
2026
14,948
15,617
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.75
1.62
1.33
1.33
6.02
2025
1.54
1.51
1.55
1.17
5.78
2026
1.37
1.77
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3
2025
- -
- -
- -
- -
3.03
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ching Yuan Wu
Full Time Employees
1,939
Sector
Consumer durables
Industry
Motor vehicles
Address
No. 3, Zhonghua Road Hsinchu HSQ Taiwan 303
IPO Date
Jul 29, 1996
Website
sanyang.com.tw
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Business
Sanyang Motor Co., Ltd. (2206.TW) manufactures and distributes automobiles, motorcycles, scooters, and related parts under the SYM brand and Hyundai automobiles in Taiwan, China, Asia, Europe, and internationally. Founded in 1954 and headquartered in Hukou Township, Hsinchu County, Taiwan, the company produces a broad range of two-wheelers including scooters (such as JET SL+ 158, DRGBT 158, MAXSYM 400 GT, ADXTG 400, SYMPHONY 50/125/200, CRUiSYM α 125/300, ADX 300, CLBCU 125, CRUiSYM 400, PRITI 50/125), motorcycles, cubs, mopeds, ATVs, and light electric models from 50cc to 508cc; automobiles encompass Hyundai models like IONIQ 5 N, TUCSON L N Line, VENUE, KONA Electric, and SANTA FE, alongside services in distribution, repair, maintenance, product design, rental, leasing, waste disposal, aluminum battery and renewable energy products, hardware processing, real estate, and investments. Operations span production facilities in Taiwan, mainland China (Xiamen, Shanghai), and Vietnam, with subsidiaries including Vietnam Manufacturing and Export Processing Co., Ltd., Xiashing Motorcycles Co., Ltd., Qingzhou Engineering Industry Co., Ltd., Sanyang Italia S.R.L., and Sanyang Deutschland GmbH, serving over 90 countries through extensive marketing channels. Recent developments include the 2024 launch of multiple new motorcycle models like JET SL+ 158, DRGBT 158 (Red Dot Design Award winner), MAXSYM 400 GT, ADXTG 400, and automobile introductions such as IONIQ 5 N and TUCSON L N Line; strategic partnerships with Hyundai for vehicle manufacturing and distribution, plus collaborations with CPC Corporation and APh ePower on soft carbon and aluminum battery technologies targeting small-scale production in 2025-2026; and an ongoing equity buyback plan with 8.121 million shares repurchased from June to August 2025.