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    Transportation

  3. •

    Air freight/Couriers
Farglory Free Trade Zone Investment Holding Co., Ltd.

Farglory Free Trade Zone Investment Holding Co., Ltd.

TTWSE:5607
51.50
TWD
-0.50
(-0.96%)
3.63EPS
14.06P/E
18.90BMarket 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
5.47
5.76
5.65
5.91
6.62
8.11
10.16
6.74
8.93
10.27
8.62
9.35
11.18
12.76
Basic EPS, GAAP
0.82
1.01
0.73
0.83
1.2
1.05
2.47
1.63
2.02
3.52
2.64
1.93
2.77
3.63
Free Cash Flow per Basic Share
1.88
2.06
1.56
0.66
1.59
0.95
-0.3
2.22
-1.4
2.91
1.53
2.85
4.48
5.18
Dividend per Share
- -
- -
- -
- -
- -
0.16
0.3
0.81
0.97
1.31
0.97
0.82
1.08
- -
Book Value per Share
12.84
13.54
14.19
15.1
16.16
17.03
18.87
19.99
21.12
23.68
26.96
28.13
29.83
30.21
Tangible Book Value per Share
12.83
13.54
14.19
15.1
16.15
17.02
18.84
19.96
21.09
23.63
26.92
28.1
29.79
30.17
Basic Weighted Avg Shares
224
224
224
224
224
209
224
283
283
311
337
371
371
371
Sales/Revenue/Turnover
1,226
1,289
1,266
1,324
1,483
1,698
2,274
1,907
2,528
3,197
2,908
3,465
4,143
4,728
Operating Margin (%)
23.08
25.25
19.13
20.28
21.69
26.92
43.62
35.28
40.6
44.97
32.65
32.98
36.88
41.16
Depreciation Expense
189
183
206
214
219
222
323
340
372
398
600
873
966
1,048
Net Income, GAAP
184
226
164
186
269
221
553
461
571
1,096
892
717
1,028
1,344
Effective Tax Rate (%)
0.03
2.9
- -
0.03
- -
30.09
20.88
1.4
20.73
11.29
- -
13.29
15.22
16.46
Profit Margin (%)
14.98
17.56
12.98
14.05
18.14
12.99
24.33
24.18
22.59
34.27
30.68
20.69
24.81
28.43
Working Capital
112
-369
-459
-344
-833
471
1,924
1,172
6
-1,343
-1,374
-1,865
-1,824
-1,759
LT Debt
1,768
1,742
1,543
1,238
358
1,331
4,813
5,526
8,065
10,040
11,526
12,116
11,650
11,436
Total Equity
3,435
3,651
3,832
4,080
4,382
4,637
6,564
6,953
7,375
7,989
9,990
10,423
11,053
11,194
Return on Invested Capital (%)
5.29
5.83
4.35
4.82
- -
5.5
8.58
5.31
5.45
6.95
- -
4.05
5.11
6.41
Return on Capital (%)
3.56
4.2
3.34
3.46
- -
3.23
5.32
3.49
3.38
6.05
- -
4.13
5.19
6.48
Return on Common Equity (%)
6.59
7.67
5.29
5.67
7.69
5.94
12.09
8.38
9.81
15.69
9.93
7.02
9.57
12.33

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,645
2,261
2,133
LT Borrowings
8,429
8,303
7,999
LT Finance Leases
3,222
3,436
3,437
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
371
371
371
Market Capitalization
17,935
16,601
18,898

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,551
1,403
1,634
Cash, Cash Equivalents & STI
1,123
925
1,077
Accounts Receivable, Net
357
398
457
Inventories
- -
- -
- -
Total Current Liabilities
3,375
2,902
3,392
Payables & Accruals
- -
- -
- -
ST Debt
2,645
2,261
2,133
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.7%
9.96%
6.05%
Free Cash Flow
-151.32%
-74.52%
56.9%
Net Income, GAAP
29.48%
24.18%
43.37%
Sales/Revenue/Turnover
13.76%
17.74%
19.58%
Total Cash Common Dividend
- -
14.5%
32%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
805
848
896
916
3,465
2025
895
999
- -
1,145
4,143
2026
1,214
1,370
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.41
0.63
0.46
1.93
2025
0.51
0.8
- -
0.65
2.77
2026
0.98
1.2
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.82
2025
- -
- -
- -
- -
1.08
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chia Ling Lai
Full Time Employees
663
Sector
Transportation
Industry
Air freight/Couriers
Address
No. 200, Keelung Road Taoyuan Taiwan
IPO Date
Dec 22, 1999
Website
ftz.com.tw
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Business
Farglory Free Trade Zone Investment Holding Co., Ltd. (5607.TW) operates as an investment holding company primarily engaged in free trade zone operations and air cargo logistics services in Taiwan. Through its key subsidiaries, Farglory Free Trade Zone Co., Ltd. and Farglory Logistics Co., Ltd., the company provides a comprehensive suite of services including air cargo warehousing, airline containers and pallets safekeeping, devanning and untraying, domestic import/export/re-export cargo handling, bonded warehouse rental, value-added factory and office space leasing, air cargo service agency, global cargo tracking via customs networks, and cold chain logistics; it also engages in specialized field construction, industrial factory development, real estate leasing, and metal container manufacturing. The company targets multinational corporations, airlines, freight forwarders, and manufacturers in high-tech sectors such as semiconductors and AI, operating exclusively within Taiwan's Taoyuan International Airport vicinity as the nation's first air free trade zone established under a 50-year BOT contract spanning 45 hectares with an annual cargo capacity of 800,000 tons. Founded in 1991 and headquartered at 23F-1, No. 200, Section 1, Keelung Road, Xinyi District, Taipei City, it listed on the Taiwan Stock Exchange in 2004 and employs approximately 642 staff. Recent developments include the completion of multiple value-added park buildings (C, D, E, F, H) and logistics center expansions supporting the Taoyuan Aerotropolis project, deployment of AxxonSoft video management for real-time cargo tracking and enhanced security, customized logistics centers for clients like DHL, KWE, ASML, STARLUX Airlines, FedEx, and AI chip operations, strategic alliances with international airlines such as Aeroflot, Air Macau, Cargolux, Polar Air Cargo, SF Airlines, and Cebu Pacific for agency services, and plans for new offerings in cross-border e-commerce, smart logistics, automated warehousing, full-temperature cold chain facilities, and air-sea compound transportation with Taipei Port Free Trade Zone; in 2024, consolidated operating revenue reached NT$3.465 billion with net income of NT$718 million.