ACES Electronics Co., Ltd.

ACES Electronics Co., Ltd.

TTWSE:3605
171.50
TWD
-6.50
(-3.65%)
4.04EPS
18.72P/E
12.75BMarket Cap
Nov 05Next 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
31.67
32.83
31.71
41.36
45.2
53.54
58.33
64.32
85.15
76.52
62.48
70.62
70.78
72.86
Basic EPS, GAAP
1.53
3.56
1.19
1.54
0.6
1.87
2.49
2.2
4.11
1.66
-1.96
2.49
4.31
4.16
Free Cash Flow per Basic Share
0.91
2.43
1.8
-1.58
0.79
-0.28
-2.11
1.11
-2.33
0.22
-2.47
-2.3
-0.84
-0.31
Dividend per Share
1.17
0.68
1.18
0.39
0.59
0.39
0.68
0.73
0.69
1.48
0.54
- -
0.73
- -
Book Value per Share
29.68
32.52
32.19
31.81
32.03
33.25
33.83
35.85
40.59
41.5
38.69
45.07
48.36
54.56
Tangible Book Value per Share
28.85
31.8
31.6
31.36
31.71
32.99
33.63
35.64
39.44
40.37
37.64
43.99
47.51
53.79
Basic Weighted Avg Shares
126
126
125
125
125
125
125
125
124
136
136
138
153
160
Sales/Revenue/Turnover
3,988
4,133
3,968
5,184
5,666
6,711
7,312
8,063
10,576
10,393
8,486
9,771
10,860
11,667
Operating Margin (%)
4.78
7.27
1.61
2.94
0.48
2.04
3.69
4.29
4.8
0.55
-3.9
2.82
5.66
5.9
Depreciation Expense
378
395
433
390
395
414
456
466
593
699
706
740
719
748
Net Income, GAAP
192
448
149
192
75
235
311
276
511
225
-267
344
661
666
Effective Tax Rate (%)
23.34
20.58
25.16
24.21
27.26
11.91
14.98
19.63
13.71
29.11
- -
11.07
18.84
19.94
Profit Margin (%)
4.82
10.85
3.76
3.71
1.33
3.5
4.26
3.43
4.83
2.17
-3.14
3.52
6.09
5.71
Working Capital
1,397
2,070
2,140
2,558
1,823
2,540
2,089
2,002
3,051
1,606
1,512
3,453
3,490
3,718
LT Debt
60
60
401
446
159
823
1,072
1,515
2,167
1,292
1,847
3,082
2,243
1,749
Total Equity
3,781
4,133
4,295
4,240
4,246
4,267
4,333
4,564
5,532
5,655
5,257
6,462
7,934
8,932
Return on Invested Capital (%)
3.04
4.87
0.88
2.07
0.36
1.95
3.54
4
5.36
0.43
- -
2.54
4.55
5.1
Return on Capital (%)
4.35
9.42
2.91
3.5
1.88
4.55
5.52
4.62
6.73
3.09
- -
4.49
6.85
6.88
Return on Common Equity (%)
5.29
11.33
3.63
4.75
1.87
5.74
7.41
6.33
10.21
4.04
-4.89
5.87
9.19
8.85

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
993
939
767
LT Borrowings
2,194
2,247
1,707
LT Finance Leases
49
50
43
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
164
173
164
Market Capitalization
10,098
9,350
12,752

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,506
7,734
8,475
Cash, Cash Equivalents & STI
2,554
2,667
2,664
Accounts Receivable, Net
2,953
2,939
3,579
Inventories
1,436
1,544
1,713
Total Current Liabilities
4,016
4,283
4,756
Payables & Accruals
- -
- -
- -
ST Debt
993
939
767
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.83%
12.42%
22.78%
Free Cash Flow
-167.15%
-337.75%
-59.39%
Net Income, GAAP
-12.43%
-65.25%
92.17%
Sales/Revenue/Turnover
11.5%
7.48%
11.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,943
2,455
2,689
2,684
9,771
2025
2,577
2,787
2,788
2,707
10,860
2026
2,822
3,350
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.49
0.95
1.02
2.49
2025
1.35
0.67
1.45
0.84
4.31
2026
0.66
1.22
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.73
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tsung Lin Yang
Full Time Employees
785
Sector
Electronic technology
Industry
Electronic components
Address
No.530-6, Sec.2 Taoyuan TYC Taiwan 320010
IPO Date
Dec 28, 2007
Business
ACES Electronics Co., Ltd. (3605.TW) researches, develops, manufactures, and sells high-precision electronic connectors and related components for consumer electronics, automotive, cloud computing, industrial, medical, and telecommunications applications. The company offers board-to-board, wire-to-board, FFC/FPC, USB Type C, power, RJ, SATA, SAS, HDMI, DC jacks, battery connectors, pin headers, card connectors, mini and micro lock connectors, MCIO, QSFP family, Gen Z, M.2, FAKRA, high-voltage EV products, camera modules, wire harnesses, high-speed cable assemblies, RF connectors, industrial power/control cables, Type C cables, HDMI cables, IDC sockets, IC sockets, metal stamping parts, and I/O shielding; its products serve notebooks, mobile devices, servers, smart home appliances, automotive systems including ADAS and digital multimedia integration, respiratory nebulizers, and energy storage solutions. Founded in November 1996 and headquartered in Taoyuan City, Taiwan, ACES Electronics operates production facilities in Taiwan, China (Kunshan, Dongguan, Suzhou, Chongqing), the Philippines, and Vietnam, with sales offices in the United States, Japan, Singapore, Germany, and Beijing. The company maintains a global workforce exceeding 7,000 employees and targets markets in transportation, telecom/datacom, computer peripherals, industrial equipment, medical devices, and consumer electronics across Asia, North America, and Europe. In recent developments, ACES Electronics completed the acquisition of 100% equity in Jason Technology Ltd. in October 2021, integrating it as a subsidiary to enhance its connector portfolio, and earlier acquired Genesis Connected Solutions in April 2021 to expand high-speed board-level interconnect capabilities and North American presence; the company continues to launch advanced products such as DDR5 connectors, automotive digital multimedia hubs, and EV high-voltage solutions amid growing demand in cloud servers and electric vehicles.