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    Consumer durables

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    Motor vehicles
RAC Electric Vehicles Inc

RAC Electric Vehicles Inc

TTWSE:2237
24.50
TWD
-0.75
(-2.97%)
2.06EPS
RAC Electric Vehicles Inc
TWSE:2237
(Taiwan Stock Exchange)

Recent

price

24.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
- -
4.39
15.02
8.5
2.65
1.49
2.93
2.35
4.49
3.57
9.12
19.02
11.04
17.42
15.21
Revenue per Share
- -
-4.59
-2.91
-5.53
-5.14
-2.86
-2.06
-1.97
-2.03
-1.54
-1.85
-1.54
-1.72
1.33
2.08
Basic EPS, GAAP
- -
-12.22
-4.12
-6.41
-4.54
-2.21
-5.59
-2.29
-1.81
-4.09
-4.08
-8.38
-0.31
-2.2
-4.66
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.32
2.41
9.6
4.06
3.91
4.44
4.37
4.69
5.62
8.73
6.84
5.24
8.8
10.05
12.21
Book Value per Share
0.31
2.39
9.54
4
3.85
4.41
4.26
4.59
5.53
8.65
6.2
4.63
8.48
9.78
11.97
Tangible Book Value per Share
25
13
22
25
32
40
58
68
76
90
100
100
117
120
121
Basic Weighted Avg Shares
- -
58
330
212
84
59
170
160
341
321
909
1,901
1,287
2,096
1,838
Sales/Revenue/Turnover
- -
-97.85
-22.83
-61.62
-193.95
-162.52
-91.21
-83.96
-48.77
-52.38
-19.12
-8.07
-11.6
7.94
13.35
Operating Margin (%)
- -
1
6
7
7
8
5
17
19
25
66
76
81
89
46
Depreciation Expense
- -
-61
-64
-138
-163
-113
-119
-134
-154
-138
-185
-154
-200
160
251
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
-104.69
-19.39
-65.09
-194.17
-191.6
-70.33
-83.83
-45.11
-43.01
-20.29
-8.11
-15.55
7.65
13.68
Profit Margin (%)
-9
39
174
33
88
198
219
277
427
682
501
366
743
869
1,147
Working Capital
29
57
30
19
8
4
- -
25
94
402
606
660
362
234
283
LT Debt
7
55
240
101
138
223
262
328
477
881
702
538
1,064
1,224
1,487
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-196.3
-43.52
-81.04
-136.53
-62.89
-49.25
-45.37
-38.22
-20.33
-23.51
-25.32
-25.15
14.03
18.55
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,036
1,351
1,617
LT Borrowings
100
83
171
LT Finance Leases
134
123
111
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
122
122
122
Market Capitalization
- -
- -
- -

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,897
3,404
3,873
Cash, Cash Equivalents & STI
135
222
150
Accounts Receivable, Net
466
552
250
Inventories
534
581
596
Total Current Liabilities
2,028
2,462
2,726
Payables & Accruals
- -
- -
- -
ST Debt
1,036
1,351
1,617
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.94%
30.72%
15.07%
Free Cash Flow
98.05%
164.7%
636.06%
Net Income, GAAP
-12.32%
-28.67%
-180.12%
Sales/Revenue/Turnover
52.16%
63.39%
62.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1,287
2025
301
456
- -
- -
2,096
2026
877
961
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-1.72
2025
-0.07
0.38
- -
- -
1.33
2026
1.13
0.95
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
RAC Electric Vehicles Inc. is a Taiwan-based commercial electric vehicle manufacturer primarily engaged in the research, development, design, manufacturing, and distribution of pure electric buses, electric commercial vehicle chassis platforms, and intelligent transportation solutions. Founded in 2005 and headquartered in Taichung City, Taiwan, the company operates as a core subsidiary of Mobiletron Electronics Co., Ltd. and serves municipal public transit authorities, private bus operators, and commercial fleet enterprises across domestic and international markets. The company provides a comprehensive portfolio of products and services, which are categorized into: Electric Commercial Vehicles, including twelve-meter pure electric low-floor city buses, medium electric passenger buses, and intercity electric coaches; Powertrain and Chassis Systems, featuring modular electric vehicle chassis platforms, integrated electric motor drive units, inverters, transmission systems, and vehicle control units; Energy and Battery Solutions, comprising high-capacity lithium iron phosphate and ternary lithium-ion modular battery packs, proprietary battery management systems, and thermal management technologies; Smart Telematics and Fleet Management, encompassing cloud-based fleet monitoring platforms, remote vehicle diagnostics, real-time energy consumption analytics, and intelligent depot management software; and Charging Infrastructure and Support Services, including turnkey charging depot planning, high-power direct current fast-charging stations, maintenance services, spare parts distribution, and technical consulting. In recent developments, RAC Electric Vehicles Inc. has scaled its manufacturing capabilities with the full operational ramp-up of its advanced smart manufacturing facility in the Taichung Port Free Trade Zone, substantially boosting automated production capacity for electric bus assemblies and battery packs. The company has deepened its global footprint through strategic partnerships with Japan-based Sumitomo Corporation and Japanese transit operators to export electric bus chassis platforms and powertrain systems to the Japanese market. Additionally, RAC Electric Vehicles Inc. continues to secure major multi-vehicle procurement contracts under Taiwan's national mandate to achieve complete public bus fleet electrification by 2030, while introducing next-generation electric bus models integrated with advanced driver assistance systems and autonomous driving technologies.