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Thinking Electronic Industrial Co., Ltd.

Thinking Electronic Industrial Co., Ltd.

TTWSE:2428
242.50
TWD
-15.50
(-6.01%)
40.36BMarket Cap
Nov 05Next Earn
Thinking Electronic Industrial Co., Ltd.
TWSE:2428
(Taiwan Stock Exchange)

Recent

price

242.50

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
34.18
33.77
32.47
33.64
35.87
40.15
42.21
45.48
46.99
45.38
46.21
58.55
58.25
55.24
58.7
62.72
- -
Revenue per Share
4.77
3.16
3.37
4.01
4.87
5.4
7.03
8.47
7.67
8.71
10.81
12.31
10.72
10.21
12.1
11.76
- -
Basic EPS, GAAP
3.1
1.21
3.27
2.41
3.8
6.1
3.57
4.85
6.66
10.56
7.59
5.53
6.98
9.76
10.22
11.87
- -
Free Cash Flow per Basic Share
2
2.4
1.6
1.9
2
2.1
2.63
4.05
4
3.8
4.2
5.5
6.3
5.4
5.2
6.1
- -
Dividend per Share
23.17
24.79
26.09
29.12
33.02
35.79
38.18
43.05
46.18
49.73
57.02
63.68
68.76
72.67
82.66
87.22
92.18
Book Value per Share
22.83
24.76
26.06
29.1
33
35.78
38.18
42.9
45.91
49.38
56.68
63.31
68.43
72.36
82.39
86.98
91.93
Tangible Book Value per Share
128
127
127
127
127
127
128
128
128
128
128
128
128
128
128
128
128
Basic Weighted Avg Shares
4,360
4,303
4,123
4,270
4,556
5,116
5,408
5,827
6,020
5,814
5,920
7,500
7,463
7,077
7,520
8,035
- -
Sales/Revenue/Turnover
19.92
10.96
12.84
15.37
15.67
16.72
18.39
21.26
23.04
24.98
31.16
28.3
18.82
22.6
23.57
25.03
- -
Operating Margin (%)
136
140
151
156
150
160
171
190
227
273
284
322
381
391
423
448
- -
Depreciation Expense
609
403
428
509
619
688
901
1,085
983
1,116
1,385
1,577
1,374
1,308
1,551
1,506
- -
Net Income, GAAP
20.17
21.71
25.85
25.4
23.8
30.17
26.8
27.34
34.49
26.32
26.07
26.34
22.64
23.88
25.77
30.74
- -
Effective Tax Rate (%)
13.96
9.36
10.37
11.92
13.58
13.45
16.65
18.61
16.33
19.19
23.39
21.03
18.41
18.48
20.62
18.74
- -
Profit Margin (%)
1,964
2,359
2,360
2,722
3,315
3,561
3,489
4,085
4,358
4,813
6,033
6,541
6,837
6,350
7,131
7,744
8,446
Working Capital
10
176
- -
- -
31
- -
150
150
100
88
432
763
1,108
977
770
532
429
LT Debt
3,116
3,350
3,483
3,844
4,357
4,738
5,036
5,655
6,060
6,515
7,445
8,276
8,943
9,448
10,711
11,281
11,919
Total Equity
20.91
10.15
9.38
11.32
11.96
12.08
13.8
15.42
14.23
15.71
17.31
16.64
10.26
11.09
11.22
10.7
- -
Return on Invested Capital (%)
18.75
10.72
11.05
12.64
13.51
14.32
17.66
19.21
15.74
16.76
18.01
16.94
13.16
12.15
13.61
11.98
- -
Return on Capital (%)
21.31
13.17
13.21
14.53
15.67
15.66
19
20.84
17.19
18.17
20.25
20.4
16.19
14.44
15.58
13.84
- -
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,337
1,390
1,440
LT Borrowings
448
391
347
LT Finance Leases
84
82
82
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
128
128
128
Market Capitalization
22,356
19,153
40,356

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,614
11,422
12,683
Cash, Cash Equivalents & STI
5,878
6,302
6,796
Accounts Receivable, Net
2,434
2,491
3,159
Inventories
1,509
1,734
1,926
Total Current Liabilities
2,870
3,082
4,236
Payables & Accruals
- -
- -
- -
ST Debt
1,337
1,390
1,440
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.11%
8.71%
5.32%
Free Cash Flow
12.21%
11.95%
16.15%
Net Income, GAAP
9.14%
2.37%
-2.87%
Sales/Revenue/Turnover
4.93%
6.82%
6.85%
Total Cash Common Dividend
12.91%
8.96%
17.31%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,561
1,950
1,977
2,032
7,520
2025
1,896
2,055
- -
2,004
8,035
2026
2,054
2,698
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.6
3.42
2.96
3.13
12.1
2025
2.97
2.26
- -
3.32
11.76
2026
2.21
5.34
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.2
2025
- -
- -
- -
- -
6.1
2026
- -
- -
- -
- -
- -
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Business
Thinking Electronic Industrial Co., Ltd. is a Taiwan-based manufacturer, engaging in the production, processing, and distribution of electronic components. The company specializes in a comprehensive range of circuit protection solutions, encompassing devices for over-voltage, over-temperature, and over-current scenarios. Its diverse product portfolio includes negative temperature coefficient (NTC) thermistors, zinc oxide varistors (MOV), ceramic positive temperature coefficient (PTC) thermistors, and polymer PTC resettable fuses. Additionally, Thinking Electronic provides temperature sensors, gas discharge tubes (GDT), ESD suppressors, TVS diodes, spark gap protectors, and thyristor surge suppressors. These components are vital across numerous sectors, such as automotive systems, telecommunications equipment, industrial applications, power supply units, smart home appliances, lighting, consumer electronics, renewable energy, and medical devices. The company, established in 1979 and headquartered in Kaohsiung, Taiwan, also extends custom product design and development services. Recent innovations include high-voltage ceramic PTC thermistors rated up to 1,000 Vdc, and integrated MOV and GDT over-voltage protectors. Thinking Electronic maintains rigorous quality standards, holding ISO/TS 16949 and ISO 9001 certifications, alongside various product approvals from UL, VDE, TUV, and CQC.