HCmed Innovations Co., Ltd.

HCmed Innovations Co., Ltd.

TTWSE:6934
85.50
TWD
+0.30
(+0.35%)
-3.65EPS
2.35BMarket Cap
HCmed Innovations Co., Ltd.
TWSE:6934
(Taiwan Stock Exchange)

Recent

price

85.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
TTM
TWD
3.06
0.3
0.35
4.72
3.12
3.2
Revenue per Share
-2.28
-6.62
-6.21
-2.6
-3.92
-3.65
Basic EPS, GAAP
-1.42
-4.07
-4.79
-1.46
-3.86
-4.68
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
-5.7
5.99
9.17
6.93
8.79
14.66
Book Value per Share
-5.71
4.07
8.09
6.47
8.75
14.62
Tangible Book Value per Share
18
22
27
30
32
34
Basic Weighted Avg Shares
54
6
9
142
100
109
Sales/Revenue/Turnover
-75.6
-2,253.83
-1,556.6
-26.55
-119.37
-119.71
Operating Margin (%)
9
14
23
24
23
28
Depreciation Expense
-40
-144
-166
-78
-126
-125
Net Income, GAAP
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-74.34
-2,219.67
-1,796.71
-55.23
-125.82
-114.12
Profit Margin (%)
42
112
214
155
228
420
Working Capital
3
1
4
2
94
86
LT Debt
-172
181
277
209
287
530
Total Equity
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
-72.46
-32.16
-50.77
-30.05
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
18
18
18
LT Borrowings
42
42
41
LT Finance Leases
52
48
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
36
36
Market Capitalization
- -
2,784
2,348

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
288
535
472
Cash, Cash Equivalents & STI
264
504
424
Accounts Receivable, Net
6
2
8
Inventories
14
22
34
Total Current Liabilities
60
48
52
Payables & Accruals
- -
- -
- -
ST Debt
18
18
18
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
37.32%
Free Cash Flow
- -
- -
182.72%
Net Income, GAAP
- -
- -
61.24%
Sales/Revenue/Turnover
- -
- -
-29.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
18
105
142
2025
8
3
7
82
100
2026
4
16
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
-0.69
0.35
-2.6
2025
-1.45
-1.62
-1.1
0.21
-3.92
2026
-1.43
-1.26
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
HCmed Innovations Co., Ltd. (6934.TWO) designs, develops, manufactures and sells vibrating mesh nebulizers and provides contract development and manufacturing organization (CDMO) services for inhalation drug delivery systems. The company offers core products including Pulmogine, a continuous mode vibrating mesh nebulizer for nebulizing liquid medications to treat respiratory diseases in children and adults; AdheResp, a breath-actuated mesh nebulizer featuring embedded connectivity, adaptive breath actuation and customization options such as NFC activation and Bluetooth for treatment adherence monitoring; and Deepro, a vibrating mesh nebulizer; along with end-to-end CDMO platforms supporting drug-device combinations from feasibility studies through commercialization, including regulatory support, clinical supply and scale-up for small molecules, biologics and high-viscosity formulations. Founded in 2014 and headquartered in Taipei, Taiwan, HCmed operates primarily in the healthcare equipment sector with sales across America, Europe and Asia, targeting pharmaceutical companies, healthcare professionals and consumers for respiratory therapies. Recent developments include U.S. FDA 510(k) clearance in July 2025 for AdheResp as the world's first adaptive breath-actuated mesh nebulizer with built-in connectivity; FDA approval in March 2024 for Pulmogine use with Pulmozyme for cystic fibrosis; appointment of Chris Vernall as Executive Vice President of Business Development in March 2025; establishment of HCmed UK operations in 2023; and listing on the Taiwan Emerging Stock Exchange in June 2024.