Apex International Co., Ltd.

Apex International Co., Ltd.

TTWSE:4927
53.40
TWD
-2.90
(-5.15%)
-11.32EPS
12.77BMarket Cap
Nov 18Next 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
58.18
60.93
61.22
62.22
72.43
67.36
51.34
57.16
71.45
71.96
63.3
64.07
49.82
44.2
Basic EPS, GAAP
3.22
3.53
3.77
1.98
0.54
5
4.09
5.79
6.65
4.22
-3.99
-9.21
-8.65
-11.28
Free Cash Flow per Basic Share
-15.15
-0.8
-4.15
-1
1.24
1.96
3.63
-0.5
-12.64
-3.18
2.96
-9.29
-5.1
-6.19
Dividend per Share
2.56
1.49
2.17
2.22
0.67
- -
2.3
2.75
2.75
3.67
1.9
- -
- -
- -
Book Value per Share
22.92
29.04
28.97
28.13
27.79
32.22
35.95
36.81
35.71
38.61
33.33
29.26
22.16
15.87
Tangible Book Value per Share
22.86
28.84
28.81
27.99
27.68
32.01
35.78
35.9
34.89
37.62
32.39
28.45
21.95
15.68
Basic Weighted Avg Shares
109
121
141
138
144
166
202
207
207
207
199
194
233
255
Sales/Revenue/Turnover
6,341
7,367
8,629
8,585
10,395
11,175
10,387
11,833
14,801
14,906
12,628
12,459
11,608
11,285
Operating Margin (%)
8.4
7.32
9.26
5.17
0.87
7.47
8.27
9.98
10.28
7.1
-5.14
-11.69
-14.14
-21.8
Depreciation Expense
335
487
556
588
623
670
748
762
824
1,087
1,342
1,309
1,404
1,443
Net Income, GAAP
351
427
532
273
78
829
827
1,199
1,378
874
-797
-1,791
-2,015
-2,881
Effective Tax Rate (%)
9.81
7.23
14.35
24.84
28.11
0.89
1.8
2.82
3.63
7.11
- -
- -
- -
- -
Profit Margin (%)
5.53
5.8
6.16
3.18
0.75
7.42
7.96
10.13
9.31
5.87
-6.31
-14.37
-17.35
-25.53
Working Capital
-803
-134
-773
-399
25
545
1,598
1,681
171
780
-1,356
-4,898
-4,668
-4,265
LT Debt
1,623
1,496
1,180
1,737
1,881
752
779
2,105
3,121
4,684
3,617
1,364
1,968
3,333
Total Equity
2,616
4,112
4,107
3,989
4,403
6,009
7,445
7,661
7,430
8,032
6,935
6,786
5,892
4,220
Return on Invested Capital (%)
8.99
7.32
8.85
4.15
0.8
9.58
8.79
10.93
11.07
6.08
- -
- -
- -
- -
Return on Capital (%)
7.51
7.62
7.95
4.36
1.96
10.75
9.51
11.61
11.02
6.63
- -
- -
- -
- -
Return on Common Equity (%)
13.73
12.77
13
6.78
1.87
16.01
12.35
15.94
18.35
11.36
-10.7
-26.21
-31.9
-57

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8,059
5,695
5,925
LT Borrowings
1,916
3,677
3,295
LT Finance Leases
52
44
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
265
265
265
Market Capitalization
8,690
10,637
12,770

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,857
6,589
7,037
Cash, Cash Equivalents & STI
715
638
521
Accounts Receivable, Net
3,251
2,882
3,222
Inventories
2,665
2,823
2,979
Total Current Liabilities
11,526
10,077
11,302
Payables & Accruals
- -
- -
- -
ST Debt
8,059
5,695
5,925
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.69%
-4.78%
-13.18%
Free Cash Flow
149.63%
341.41%
-34.24%
Net Income, GAAP
81.24%
-15.1%
12.51%
Sales/Revenue/Turnover
3.73%
0.47%
-6.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,815
3,138
3,426
3,081
12,459
2025
3,137
2,886
2,913
2,672
11,608
2026
2,759
2,941
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.43
-1.7
-2.69
-3.07
-9.21
2025
-1.34
-1.3
-2.24
-3.49
-8.65
2026
-3.1
-2.36
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

CEO
Jui Hsiang Chou
Full Time Employees
3,325
Sector
Electronic technology
Industry
Electronic components
Address
The Grand Pavilion Commercial Centre Taipei TYC Taiwan KY1-1208
IPO Date
Feb 3, 2010
Business
Apex International Co., Ltd. (4927.TW) manufactures, processes, trades and sells printed circuit boards, primarily single-sided, double-sided and multi-layer varieties for applications in consumer electronics, computing, communications and automotive sectors; these include boards for home appliances such as DVD players, LCD televisions and recreational devices, PC-related products like hard disk drives, monitors, printers and notebook computers, communication equipment encompassing set-top boxes, routers, telephones, faxes and tuners, as well as automotive components comprising car audio systems, navigation devices and control systems. The company operates production facilities principally in Thailand, with additional presence in Singapore, Vietnam, South Korea and Samoa, serving international markets. Founded in 2001 and headquartered in Grand Cayman, Cayman Islands, it functions as the holding company for key subsidiaries including Apex Circuit (Thailand) Co., Ltd., Thailand's second-largest PCB plant, with administrative offices in Taipei, Taiwan. Recent financial performance reflects stable operations, with Thailand contributing the bulk of revenues at approximately NT$12.47 billion in 2024, amid ongoing expansions in Southeast Asia to solidify its position as a leading regional PCB provider for consumer electronics.