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Tecom Co., Ltd.

Tecom Co., Ltd.

TTWSE:2321
26.00
TWD
+0.50
(+1.96%)
761.34MMarket Cap
Tecom Co., Ltd.
TWSE:2321
(Taiwan Stock Exchange)

Recent

price

26.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
581.39
613.25
513.15
500.54
436.08
288.68
290.1
218.25
171.8
110.64
76.09
75.72
71.51
56.89
44.68
45.74
- -
Revenue per Share
-38.43
-40.35
-47.52
0.44
-6.08
-5.57
3.36
-4.34
-3.32
-8.16
-2.81
0.37
0.66
-2.55
-1.04
-0.76
- -
Basic EPS, GAAP
-97.18
-54.42
-10.97
15.9
24.11
-5.7
-6.42
14.89
10.87
-11.45
2.75
-1.34
4.8
2.73
3.08
-0.98
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
1.73
2.52
0.08
0.89
0.47
- -
0.94
0.4
0.8
1.47
1.07
- -
- -
Dividend per Share
97.02
31.91
-213.53
-212.15
-221.51
-227.59
-214.97
-215.5
-93.08
-92.42
-18.82
-19.35
3.61
3.23
2.78
6.43
6.3
Book Value per Share
90.63
29.83
-215.04
-212.82
-221.8
-228.1
-215.62
-215.83
-93.3
-92.53
-18.87
-19.59
3.43
3.13
2.65
6.32
6.22
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
16
20
Basic Weighted Avg Shares
8,298
8,700
7,254
7,076
6,165
4,081
4,101
3,085
2,429
1,564
1,076
1,070
1,011
804
631
733
- -
Sales/Revenue/Turnover
-10.71
-9.59
-7.27
0.86
-0.21
-1.95
1.1
-2.15
-4.13
-9.79
-5.05
0.64
2.04
-2.71
-3.19
-0.77
- -
Operating Margin (%)
230
290
130
89
70
54
54
49
37
46
29
26
26
27
27
24
- -
Depreciation Expense
-548
-572
-672
6
-86
-79
47
-61
-47
-115
-40
5
9
-36
-15
-12
- -
Net Income, GAAP
- -
- -
- -
1.46
- -
- -
9.3
- -
- -
- -
- -
22.46
20.66
- -
- -
- -
- -
Effective Tax Rate (%)
-6.61
-6.58
-9.26
0.09
-1.39
-1.93
1.16
-1.99
-1.93
-7.38
-3.69
0.49
0.93
-4.49
-2.33
-1.67
- -
Profit Margin (%)
359
1,198
567
85
80
195
188
268
164
108
53
-17
24
21
11
242
247
Working Capital
300
700
578
- -
- -
192
162
300
250
510
479
394
385
177
168
355
370
LT Debt
2,711
1,308
591
633
530
409
548
550
599
613
479
479
475
465
441
444
453
Total Equity
- -
- -
- -
2.77
- -
- -
2.43
- -
- -
- -
- -
0.34
0.98
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
1.53
- -
- -
3.58
- -
- -
- -
- -
0.57
0.32
- -
- -
- -
- -
Return on Capital (%)
-32.92
-62.21
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-74.66
-34.61
-10.56
- -
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
219
201
214
LT Borrowings
200
200
200
LT Finance Leases
155
156
170
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
868
808
761

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
641
595
631
Cash, Cash Equivalents & STI
345
305
322
Accounts Receivable, Net
116
106
125
Inventories
121
134
143
Total Current Liabilities
399
366
384
Payables & Accruals
- -
- -
- -
ST Debt
219
201
214
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.62%
-1.48%
0.7%
Free Cash Flow
-144.89%
-154.67%
-136.03%
Net Income, GAAP
-92.86%
-119.24%
-16.63%
Sales/Revenue/Turnover
-14.43%
-6.39%
16.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
164
171
131
166
631
2025
170
200
- -
175
733
2026
168
205
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.59
-0.43
0.21
-0.47
-1.04
2025
-0.49
0.21
- -
-0.84
-0.76
2026
-0.12
0.4
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.07
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Tecom Co., Ltd. (2321.TW) manufactures and sells electronic materials and components for the semiconductor, optoelectronics, and display industries. The company produces a range of core products including glass substrates for LCD and OLED panels; polarizers and retardation films for flat panel displays; functional films such as touch sensor films, anti-reflective films, and diffusion films; encapsulation films for semiconductor packaging; and carrier tapes and other precision materials used in electronics assembly. Tecom offers related services like custom coating, lamination, and precision slitting for these materials, primarily serving display panel makers, semiconductor firms, and electronics manufacturers in consumer electronics, automotive, and industrial applications. Founded in 1980 and headquartered in Miaoli, Taiwan, Tecom operates production facilities in Taiwan, China, and South Korea, with sales networks across Asia, Europe, and North America targeting major clients in the flat panel display and semiconductor sectors. The company focuses on high-precision optical and functional films, positioning itself as a key supplier in the advanced materials segment of the electronics supply chain. In recent developments, Tecom expanded its OLED encapsulation film production capacity in 2024 through investments in new equipment at its Taiwan facilities to meet growing demand from flexible display manufacturers. The company formed a strategic partnership with a leading South Korean OLED panel producer in early 2025 to co-develop next-generation barrier films, enhancing its position in the premium display market. Additionally, Tecom completed the acquisition of a minority stake in a Chinese precision coating subsidiary in late 2024, bolstering its supply chain resilience amid global trade shifts.