Thunder Tiger Corp.

Thunder Tiger Corp.

TTWSE:8033
158.00
TWD
-5.00
(-3.07%)
0.43EPS
357.05P/E
27.90BMarket Cap
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
10.41
10.59
6.57
5.83
7.05
7.4
6.84
7.49
9.2
7.99
6.81
8.61
9.29
9.1
Basic EPS, GAAP
0.19
-1.44
-1.41
-1.66
-0.75
-0.41
-0.53
0.02
0.17
0.06
-0.18
0.5
0.57
0.47
Free Cash Flow per Basic Share
-0.35
-2.23
-1.56
-0.76
-0.64
-0.1
-0.81
-0.32
-0.2
-0.45
-2.84
-0.11
-1.91
-5.85
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.21
7.24
6.5
5.02
5.38
5.03
4.65
4.66
5.94
6.14
8.16
8.79
12.17
19.77
Tangible Book Value per Share
6.81
6.87
6.19
4.72
5.03
4.69
4.32
4.27
5.6
5.77
7.79
8.3
11.71
19.29
Basic Weighted Avg Shares
102
110
135
118
118
118
119
121
129
136
145
145
153
166
Sales/Revenue/Turnover
1,059
1,165
887
686
831
872
815
908
1,183
1,089
985
1,245
1,424
1,508
Operating Margin (%)
-11.19
-11.72
-20.8
-27.65
-8.51
-0.09
-6.18
-1.12
6.09
1.7
-5.67
3.09
-2.62
-4.29
Depreciation Expense
66
65
69
49
40
39
66
68
74
80
87
87
121
130
Net Income, GAAP
20
-159
-190
-195
-89
-49
-64
3
22
9
-26
72
88
79
Effective Tax Rate (%)
77.79
- -
- -
- -
- -
- -
- -
40.62
50.41
33.02
- -
28.05
7.33
- -
Profit Margin (%)
1.85
-13.62
-21.4
-28.47
-10.66
-5.6
-7.8
0.33
1.87
0.8
-2.63
5.76
6.15
5.21
Working Capital
103
222
334
447
590
538
399
402
655
522
639
780
1,043
1,710
LT Debt
9
21
15
29
14
41
114
120
99
113
267
378
304
310
Total Equity
815
960
986
787
767
734
708
703
966
1,005
1,337
1,464
2,065
3,438
Return on Invested Capital (%)
-2
- -
- -
- -
- -
- -
- -
-2.07
2.08
-0.51
- -
0.32
-1.58
- -
Return on Capital (%)
2.87
- -
- -
- -
- -
- -
- -
-1.14
1.97
0.01
- -
3.77
4.67
- -
Return on Common Equity (%)
2.81
-19.52
-21.4
-24.48
-13.31
-7.95
-11
0.53
3.19
1.04
-2.52
5.78
5.53
3.08

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
430
586
410
LT Borrowings
136
714
153
LT Finance Leases
168
163
157
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
155
155
165
Market Capitalization
22,132
20,758
27,905

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,719
1,888
2,429
Cash, Cash Equivalents & STI
429
539
865
Accounts Receivable, Net
168
188
275
Inventories
950
991
1,031
Total Current Liabilities
676
862
719
Payables & Accruals
- -
- -
- -
ST Debt
430
586
410
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.38%
25.02%
41.08%
Free Cash Flow
291.68%
476.53%
1,804.61%
Net Income, GAAP
-34.43%
-34.69%
22.14%
Sales/Revenue/Turnover
6.18%
10.71%
14.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
286
351
282
325
1,245
2025
335
419
325
345
1,424
2026
375
464
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.33
-0.21
0.21
0.5
2025
0.25
0.45
0.03
-0.15
0.57
2026
0.33
0.28
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

CEO
Sheng Chieh Su
Full Time Employees
208
Sector
Consumer durables
Industry
Recreational products
Address
No.7, Gongyecyu 6th Road Taichung TX Taiwan 40755
IPO Date
Jan 10, 2003
Business
Thunder Tiger Corp. is a Taiwan-based company founded in 1979 that manufactures and sells radio-controlled models and sophisticated unmanned vehicle systems. Its core product portfolio includes radio control cars, helicopters, airplanes, boats, submarines, model engines, and accessories. The company also operates advanced divisions such as TTRobotix, which develops mid to large-size unmanned aerial vehicles (UAVs) and remotely operated underwater vehicles (ROVs) for telecommunications, industrial, and defense applications. Another subsidiary, TTBio, manufactures dental handpieces and medical equipment, offering products and services in partnership with major global dental and medical distributors. Thunder Tiger serves diverse markets across Taiwan, the Americas, and internationally. Recently, Thunder Tiger has expanded significantly in the defense and drone sectors. It launched the Unmanned Vehicle Systems division in 2015 and continues to grow with high-tech products such as the SeaShark family of uncrewed surface vessels, including the SeaShark 80, 200, 400, and 800 models, the latter capable of carrying a 2,600-pound warhead with a 310-mile range. The company showcased a coordinated drone boat swarm using its SeaShark 680 model as part of a US$950 million defense contract bid in late 2025. Thunder Tiger has also partnered with international technology firms like Auterion to integrate advanced drone software into its Overkill FPV loitering munitions, with initial production agreements covering 25,000 units for Taiwan and export markets. Moreover, it collaborates with the Aerospace Industrial Development Corporation (AIDC) on a next-generation medium-to-large unmanned helicopter, designated T-400, targeting enhanced deterrence capabilities. The company has exhibited both reconnaissance and suicide drones, highlighting its strategic pivot towards defense-oriented unmanned systems. Thunder Tiger's operations span consumer radio-controlled hobby models, industrial unmanned systems, and medical device manufacturing, positioning it as a diversified technology manufacturer headquartered in Taichung, Taiwan, with significant R&D investment to maintain technological leadership. Recent developments emphasize its strategic expansion into military-grade drone systems and autonomous sea vessels, reflecting a broader shift towards dual-use technology applications in defense and commercial sectors. The brand continues to leverage its four-decade heritage in precision engineering and innovation to meet evolving market demands in Asia and global markets.