1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Electronic components
HannStar Board Corp.

HannStar Board Corp.

TTWSE:5469
80.20
TWD
-4.30
(-5.09%)
43.39BMarket Cap
Nov 02Next 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
119.61
114.57
95.16
92.8
93.31
103.14
100.65
96.63
117.31
98.09
81.33
81.71
118.44
- -
Basic EPS, GAAP
-0.59
1.66
0.86
2.22
2.02
3.76
6.57
6.69
7.67
6.6
5.07
5.91
6.05
- -
Free Cash Flow per Basic Share
7.62
-0.57
3.1
8.4
-0.69
-3.98
13.66
10.75
6.81
16.32
16.36
7.08
8.68
- -
Dividend per Share
0.43
- -
0.64
0.21
0.64
0.85
1.05
1.87
2.39
2.39
2.4
1.66
2.52
- -
Book Value per Share
25.13
28.41
28.87
29.27
36.77
44.2
55.39
58.82
58.41
56.47
62.97
66.6
74.68
127.42
Tangible Book Value per Share
23
26.26
26.97
27.41
34.97
42.42
53.81
57.36
56.94
54.99
61.5
65.09
66.52
119.46
Basic Weighted Avg Shares
426
425
425
425
425
424
429
473
486
486
528
510
483
484
Sales/Revenue/Turnover
51,007
48,662
40,417
39,415
39,629
43,769
43,142
45,704
57,000
47,688
42,976
41,632
57,226
- -
Operating Margin (%)
-0.42
1.37
0.04
3.29
4.09
5.33
8.19
11.79
11.6
11.37
16.1
14.66
10.63
- -
Depreciation Expense
3,162
2,820
2,595
2,309
1,998
2,125
2,590
2,307
2,131
2,446
2,541
2,408
3,234
- -
Net Income, GAAP
-251
706
365
945
856
1,595
2,817
3,164
3,725
3,209
2,680
3,012
2,923
- -
Effective Tax Rate (%)
- -
12.77
58.91
23.51
35.73
32.97
25.49
29.22
27.57
35.59
35.19
38.37
31.96
- -
Profit Margin (%)
-0.49
1.45
0.9
2.4
2.16
3.65
6.53
6.92
6.54
6.73
6.24
7.24
5.11
- -
Working Capital
11,956
12,784
12,761
10,597
11,965
12,246
12,122
16,652
16,707
20,917
18,150
13,815
14,208
15,131
LT Debt
13,770
12,158
11,696
9,550
10,520
11,209
10,143
10,725
7,715
8,356
8,093
8,435
12,513
15,821
Total Equity
16,976
19,848
20,039
20,247
23,529
27,598
35,587
39,410
39,969
39,951
44,493
47,415
53,592
85,531
Return on Invested Capital (%)
- -
1.26
0.01
2.3
2.38
3.25
5.04
6.74
8.01
5.6
6.96
5.33
4.97
- -
Return on Capital (%)
- -
2.47
1.66
2.18
2.04
3.76
5.26
4.35
2.92
3.23
1.73
2.52
1.97
- -
Return on Common Equity (%)
-2.39
6.21
3
7.65
6.1
9.29
12.83
11.77
13.07
11.49
9.23
9.59
8.54
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
24,255
26,871
24,212
LT Borrowings
11,775
13,069
15,163
LT Finance Leases
738
684
658
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
486
486
486
Market Capitalization
44,852
38,729
43,394

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
58,058
63,820
63,997
Cash, Cash Equivalents & STI
28,070
31,461
29,439
Accounts Receivable, Net
15,732
16,757
17,309
Inventories
11,540
12,887
14,405
Total Current Liabilities
43,850
47,317
48,867
Payables & Accruals
- -
- -
- -
ST Debt
24,255
26,871
24,212
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.66%
6.47%
13.03%
Free Cash Flow
14.83%
14.36%
16.17%
Net Income, GAAP
32.19%
-0.63%
-2.95%
Sales/Revenue/Turnover
4.58%
6.56%
37.46%
Total Cash Common Dividend
- -
- -
43.75%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,246
10,401
11,808
10,177
41,632
2025
10,569
15,563
- -
15,378
57,226
2026
15,694
16,845
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.99
1.76
1.56
1.61
5.91
2025
1.52
1.15
- -
1.12
6.05
2026
1.23
0.82
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.66
2025
- -
- -
- -
- -
2.52
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Cheng-Wen Chiang
Full Time Employees
24,339
Sector
Electronic technology
Industry
Electronic components
Address
No. 9, Gongye 4th Road Taoyuan TYC Taiwan 328
IPO Date
Feb 16, 2001
Website
tw.hannstarboard.com
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Business
HannStar Board Corporation manufactures and sells printed circuit boards in Taiwan. The company produces double-sided, multi-layer, thick copper, high-density interconnect, SLC multi-layer, rigid-flex, and high-frequency high-speed PCBs for applications including servers, AI accelerators, networking equipment, industrial computers, notebook computers, game consoles, televisions, liquid crystal displays, personal computers, automotive electronics, set-top boxes, and military products; it also provides electronic manufacturing services through subsidiaries. Founded in 1989 and headquartered in Taoyuan City, Taiwan, HannStar Board operates primarily in Asia, with sales in the Americas and Europe, and maintains subsidiaries such as Global Brands Manufacture Ltd. in Malaysia and relationships within the Passive System Alliance including Walsin Technology Corporation as a major shareholder. Recent developments include expanding AI server PCB capacity with shipments of 650,000 server motherboards in the first three quarters of 2025, achieving a 23% global market share in AI server boards and over 20% of revenue from AI-related products; capital expenditures nearing NT$6 billion through 2027 for new production lines in Taoyuan Technology Park, leased space in Taoyuan Science Park for 400G switches, and a Malaysia facility for AI server motherboards and automotive PCBs starting in early 2026; development of 800G switch boards for volume production in Singapore next year; and benefits from the acquisition of Japan-based Lincstech by subsidiary Global Brands Manufacture.