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Aerospace Industrial Development Corp.

Aerospace Industrial Development Corp.

TTWSE:2634
60.50
TWD
-1.20
(-1.94%)
2.08EPS
27.24P/E
53.31BMarket Cap
Nov 11Next Earn
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
24.51
26.46
28.54
29.01
29.24
29.92
30.3
22.34
25.2
32.11
41.51
41.77
37.64
39.05
Basic EPS, GAAP
1.35
1.99
2.15
2.21
1.86
2.22
1.99
0.42
0.59
1.73
2.36
2.3
0.78
2.08
Free Cash Flow per Basic Share
2.31
-7.67
0.03
0.81
0.13
-6.18
-1.65
3.07
3.31
1.77
2.63
-5.28
-5.53
5.41
Dividend per Share
- -
- -
0.89
1.31
0.96
1.13
1.34
1.19
0.2
0.35
1.08
1.42
1.38
- -
Book Value per Share
8.92
10.93
12.24
13.12
13.91
15.01
15.63
14.83
15.21
16.81
18.15
19.37
18.94
19.51
Tangible Book Value per Share
8.04
10.57
11.8
12.34
12.85
14.08
14.31
13.6
14.25
15.88
17.34
18.74
18.48
19.07
Basic Weighted Avg Shares
942
942
942
942
942
942
942
942
942
942
942
942
942
936
Sales/Revenue/Turnover
23,086
24,924
26,878
27,326
27,537
28,182
28,540
21,043
23,735
30,242
39,100
39,338
35,452
36,557
Operating Margin (%)
5.48
5.84
8.01
9.98
10.06
8.32
8.6
0.82
2.07
4.99
7.12
5.64
3.31
6.4
Depreciation Expense
2,210
1,859
1,470
1,459
1,274
1,345
1,393
1,430
1,444
1,414
1,479
1,681
1,717
1,733
Net Income, GAAP
1,276
1,872
2,029
2,083
1,748
2,092
1,874
396
558
1,627
2,226
2,168
733
1,945
Effective Tax Rate (%)
7.06
- -
18.25
19.72
23.29
21.12
20.97
17.46
17.29
20.03
21.68
22.03
24.48
22.64
Profit Margin (%)
5.53
7.51
7.55
7.62
6.35
7.42
6.57
1.88
2.35
5.38
5.69
5.51
2.07
5.32
Working Capital
8,172
6,010
7,420
3,956
7,603
7,209
12,765
8,608
10,480
12,874
9,182
12,960
11,203
12,487
LT Debt
838
692
1,921
748
3,976
2,838
11,092
7,998
9,265
9,786
4,895
7,836
6,232
6,152
Total Equity
8,399
10,294
11,527
12,360
13,103
14,134
14,724
13,964
14,325
15,833
17,099
18,245
17,843
18,373
Return on Invested Capital (%)
11.63
- -
8.45
9.53
8.41
6.23
5.36
0.39
1.14
3.57
6.47
4.76
2.11
4.52
Return on Capital (%)
13.18
- -
10.36
9.66
7.37
7.46
5.71
1.42
1.88
5.24
7.29
6.58
2.48
5.71
Return on Common Equity (%)
16.51
20.02
18.6
17.44
13.73
15.36
12.99
2.76
3.95
10.79
13.52
12.27
4.06
11.09

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
20,503
17,998
13,875
LT Borrowings
4,948
4,574
4,899
LT Finance Leases
1,284
1,309
1,254
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
942
942
942
Market Capitalization
47,658
44,079
53,310

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
39,980
37,638
36,812
Cash, Cash Equivalents & STI
4,023
3,785
5,228
Accounts Receivable, Net
13,162
9,467
9,539
Inventories
14,328
15,371
16,841
Total Current Liabilities
28,777
26,369
24,325
Payables & Accruals
- -
- -
- -
ST Debt
20,503
17,998
13,875
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.57%
5.12%
-2.21%
Free Cash Flow
-296.97%
-57.12%
4.76%
Net Income, GAAP
11.75%
40.12%
-66.19%
Sales/Revenue/Turnover
4%
12.05%
-9.88%
Total Cash Common Dividend
27.5%
45.81%
-2.82%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,576
8,802
8,639
11,321
39,338
2025
7,539
8,140
8,815
10,959
35,452
2026
7,587
9,196
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
0.61
0.26
0.58
2.3
2025
0.25
-0.24
0.21
0.56
0.78
2026
0.28
1.02
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.42
2025
- -
- -
- -
- -
1.38
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hsiu Mei Chuang
Full Time Employees
5,164
Sector
Electronic technology
Industry
Aerospace & defense
Address
No. 1, Hanxiang Road Taichung TX Taiwan 407803
IPO Date
Aug 25, 2014
Website
aidc.com.tw
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Business
Aerospace Industrial Development Corporation (AIDC; 2634.TW) manufactures, assembles, tests, and maintains military and commercial aircraft, helicopters, engines, avionics, and components primarily for defense, commercial aviation, and industrial technology sectors; its core offerings include military aircraft and drones such as the T-5 Brave Eagle advanced jet trainer and F-CK-1 Ching-kuo fighter upgrades, OEM/ODM parts for commercial jets like Boeing 737 doors, Airbus A320 composite panels, Sikorsky S-92 cockpits, Bombardier Challenger empennages, and engine components for GE LEAP, Rolls-Royce Pearl, and Honeywell F124; aviation services encompass R&D, system integration, flight testing, maintenance (flight line, depot-level, avionics overhaul), logistics support, and industrial applications in energy systems, renewable power (e.g., wind-solar storage), and composites. Founded in 1969 and headquartered in Taichung, Taiwan, with facilities including the Taiwan Advanced Composite Center and Gangshan forging plant, AIDC operates across Taiwan, Asia, the Americas, and Europe, serving military forces, OEMs like Lockheed Martin, GE, and Boeing, and commercial clients; it was privatized via Taiwan Stock Exchange listing in 2014 with government retaining a stake. Recent developments feature a June 2025 long-term engine parts contract with Kawasaki Heavy Industries at Paris Airshow, MOUs with AEVEX Aerospace (2024) for UAVs, Cape EMS Bhd (March 2025) for Southeast Asia energy storage/aviation/biotech, SOIC for shipbuilding (February 2025), UHT Unitech/SYENSQO for composites (March 2025), and TEDIBOA alliances in Japan/Europe/US for drone supply chains amid China's July 2025 export ban; it inaugurated a forging plant (April 2025), Power Island energy facility (March 2025), won Taiwan Power STATCOM tender (May 2025), secured NT$8.5 billion in Q1 2025 aircraft/engine orders, and earned Bombardier Diamond Supplier status (fourth time, 2024).