Topco Scientific Co., Ltd.

Topco Scientific Co., Ltd.

TTWSE:5434
550.00
TWD
-23.00
(-4.01%)
25.69EPS
21.16P/E
106.51BMarket Cap
Nov 04Next Earn
Topco Scientific Co., Ltd.
TWSE:5434
(Taiwan Stock Exchange)

Recent

price

550.00

P/E

ratio

21.16

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
90.65
96.53
97.81
92.35
107.42
113.28
135.43
141.46
157.71
173.22
197.64
233.16
291.57
266.9
300.7
352.65
382.52
Revenue per Share
4.08
5.77
4.85
4.74
5.1
5.69
7.2
5.93
7.68
9.41
11.3
12.54
16.61
15.36
19.29
21.81
25.95
Basic EPS, GAAP
4.3
2.66
4.11
1.8
2.34
0.42
6.35
1.88
4.38
7.88
9.42
11.92
15.36
6.39
4.45
20.55
10.98
Free Cash Flow per Basic Share
1.33
2.47
3.88
3.19
3.31
3.47
3.8
4.93
4.17
5.26
6.45
7.94
8.8
9.84
9.96
11.97
- -
Dividend per Share
25.02
28.24
29.34
31.2
33.02
35.22
37.97
41.37
46.78
51.98
57.78
63.37
70.82
80.07
93.02
103.97
113.27
Book Value per Share
25.02
28.24
29.34
31.2
33.02
35.22
37.97
41.37
46.78
51.98
57.49
60.55
68.26
77.74
91.17
102.23
111
Tangible Book Value per Share
162
165
165
168
168
168
167
168
183
183
183
183
182
185
190
192
193
Basic Weighted Avg Shares
14,665
15,928
16,177
15,555
18,092
19,079
22,629
23,781
28,861
31,701
36,168
42,669
52,978
49,273
56,997
67,584
73,648
Sales/Revenue/Turnover
4.09
5.71
5.51
5.7
5.07
5.6
6.02
5.1
5.27
5.82
5.7
5.98
6.1
6.52
6.91
6.6
6.81
Operating Margin (%)
28
24
37
66
82
114
116
156
164
276
308
380
456
479
481
483
532
Depreciation Expense
660
952
803
798
860
958
1,203
998
1,405
1,722
2,068
2,294
3,018
2,835
3,656
4,180
4,996
Net Income, GAAP
15.47
19.17
18.38
18.34
18.02
20.95
20.08
24.24
23.03
22.25
19.31
24.31
27.5
26.48
22.51
23.27
23.3
Effective Tax Rate (%)
4.5
5.98
4.96
5.13
4.75
5.02
5.32
4.2
4.87
5.43
5.72
5.38
5.7
5.75
6.41
6.19
6.78
Profit Margin (%)
2,511
2,859
2,364
2,609
2,493
2,530
2,526
3,341
3,705
4,195
4,992
5,387
6,443
7,785
6,638
7,138
7,422
Working Capital
- -
- -
122
185
310
393
466
460
427
803
887
1,122
1,713
2,664
3,323
3,128
3,058
LT Debt
4,152
4,712
4,860
5,297
5,601
5,942
6,405
7,581
8,587
9,531
10,588
11,879
13,271
15,344
18,007
20,216
22,239
Total Equity
12.1
15.99
14.74
13.32
12.55
12.52
15.01
11.05
12.35
13.29
14.21
13.76
14.86
12.42
13.75
14.23
15.75
Return on Invested Capital (%)
16.32
21.61
16.28
14.78
14.46
14.74
16.89
12.4
15.38
16.37
17.1
16.72
19.61
15.86
17.41
18.08
21.27
Return on Capital (%)
16.84
21.68
16.88
15.78
15.9
16.67
19.52
14.29
17.41
19.06
20.6
20.7
24.58
20.2
22.24
22.14
25.97
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,151
872
1,184
LT Borrowings
2,614
2,499
2,498
LT Finance Leases
514
579
560
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
192
194
194
Market Capitalization
55,975
58,969
106,510

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24,727
26,594
29,436
Cash, Cash Equivalents & STI
7,388
7,914
8,504
Accounts Receivable, Net
10,179
11,322
12,481
Inventories
4,762
4,868
5,228
Total Current Liabilities
17,589
20,378
22,014
Payables & Accruals
- -
- -
- -
ST Debt
1,151
872
1,184
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.07%
13.83%
12.27%
Free Cash Flow
192.68%
66.99%
366.65%
Net Income, GAAP
17.17%
15.94%
14.35%
Sales/Revenue/Turnover
13.84%
13.88%
18.57%
Total Cash Common Dividend
15.23%
14.42%
21.53%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,932
13,792
15,367
15,907
56,997
2025
15,759
16,987
- -
17,299
67,584
2026
18,537
20,825
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.11
5.41
4.93
4.84
19.29
2025
4.91
4.78
- -
6.36
21.81
2026
6.86
7.92
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.96
2025
- -
- -
- -
- -
11.97
2026
- -
- -
- -
- -
- -
Business
Topco Scientific Co., Ltd. is a Taiwan-based company specializing in the distribution, manufacture, and sale of precision materials, process equipment, and components primarily for the semiconductor, optoelectronics, and green energy industries. Its product portfolio includes silicon wafers, regenerated wafers, solar silicon wafers, deep-ultraviolet photoresist, insulating and conductive coatings, conductive interconnects, and rubber for integrated circuit testing. The company also provides semiconductor manufacturing equipment and system integration services, encompassing planning, design, installation, and maintenance of environmental protection and plant system projects such as water-purifying and treatment systems for hi-tech wastes. Topco operates through three main segments: Semiconductor and Electronics Division, Advanced Material Division, and Environmental Engineering Group, serving customers mainly in Taiwan, mainland China, and expanding globally including the USA, Vietnam, Japan, and South Korea. Founded in 1990 and headquartered in Taipei, Taiwan, Topco has shown continuous growth and strategic expansion in recent years. Recent developments include the establishment of new business locations near Seoul to enhance market presence in South Korea and growth of overseas subsidiaries in the USA, Vietnam, and Japan. The company actively pursues mergers and acquisitions to accelerate its growth, particularly focusing on AI and ESG (environmental, social, and governance) related businesses. It has expanded its service scope into used semiconductor equipment sales, refurbishment, and factory-building consultancy, as well as integrating data center mechanical and electrical air conditioning engineering, solar power station construction, and green electricity projects. Topco is also promoting the IPO of a subsidiary to drive further expansion. Notable partnerships include strategic alliances with Japanese Shin-Etsu Group companies and a recent partnership with SCIVAX to target sensor markets and showcase LiDAR technology. Topco Scientific's core focus remains on providing advanced materials and equipment for semiconductors, LCDs, LEDs, and solar energy sectors while advancing its environmental engineering capabilities through turnkey cleanroom and wastewater treatment projects. Its business model emphasizes integrated supply chain solutions, system integration, and comprehensive after-sales services, supported by a global logistics network. This multi-faceted approach combined with cutting-edge product development and strategic business expansions positions Topco as a leading high-tech materials and equipment provider in the semiconductor and green energy supply chains. Its notable financial performance in 2024 includes an all-time high consolidated revenue of approximately NT$57 billion (around EUR 1.6 billion) and net profit after tax of NT$3.665 billion, underlining strong operational execution and market demand. The company continues to leverage expertise in advanced manufacturing processes and business innovation to maintain its competitive edge and market leadership in Taiwan and internationally. Topco Scientific is publicly listed under the ticker 5434.TW and maintains subsidiaries and partnerships that support its global operations and technology-driven growth strategy. It remains headquartered at 6F, No. 483, Sec. 2, Tiding Blvd., Neihu, Taipei, Taiwan.