Chang Wah Electromaterials, Inc.

Chang Wah Electromaterials, Inc.

TTWSE:8070
49.15
TWD
-1.45
(-2.87%)
2.06EPS
54.49P/E
37.75BMarket Cap
Nov 10Next 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
23.73
24.46
19.91
15.84
22.12
24.8
24.21
25.71
30.45
31.96
24.46
25.07
27.45
30.59
Basic EPS, GAAP
0.65
0.59
1.36
1.14
1.36
1.35
1.72
1.56
2.54
3.16
2.19
2.32
1.02
0.98
Free Cash Flow per Basic Share
-1.06
-0.09
0.77
1.53
1.17
1.37
2.32
1.61
2.29
5.99
3.4
2.98
2.5
1.18
Dividend per Share
0.32
0.35
0.36
0.72
1
1.1
1.2
1.26
1.28
2.02
2.47
2.39
2.62
0.69
Book Value per Share
6.24
6.78
7.8
8.18
8.99
8.62
8.75
10.17
15.8
17.07
22.4
24.75
25.5
37.69
Tangible Book Value per Share
5.6
6.17
7.53
8.18
7.9
7.51
7.65
9.09
14.8
16.01
21.23
23.62
24.4
36.59
Basic Weighted Avg Shares
674
710
757
691
639
635
639
639
679
684
674
687
705
700
Sales/Revenue/Turnover
15,997
17,362
15,080
10,942
14,131
15,757
15,464
16,424
20,671
21,859
16,490
17,231
19,352
21,409
Operating Margin (%)
3.22
0.28
2.15
3.32
7.75
8.7
7.32
8.04
12.42
15.53
10.25
11.22
11.23
11.6
Depreciation Expense
416
682
632
233
513
665
695
628
654
753
852
806
740
718
Net Income, GAAP
441
417
1,027
786
872
856
1,098
997
1,726
2,164
1,477
1,592
716
688
Effective Tax Rate (%)
27.27
- -
10.91
17.23
24.61
24.7
20.78
15.57
19.19
20.63
16.34
16.74
24.63
25.53
Profit Margin (%)
2.76
2.4
6.81
7.18
6.17
5.43
7.1
6.07
8.35
9.9
8.96
9.24
3.7
3.22
Working Capital
2,535
2,783
2,790
2,324
4,111
3,510
4,139
4,836
6,396
6,637
5,725
9,891
15,618
19,717
LT Debt
1,417
2,184
1,972
400
2,287
2,340
3,581
7,802
6,826
6,840
6,387
7,387
8,694
5,178
Total Equity
5,632
6,257
6,721
5,867
8,573
8,156
8,047
8,916
14,721
16,387
19,539
22,348
22,615
31,841
Return on Invested Capital (%)
4.17
- -
2.56
3.32
8.35
8.27
6.61
6.75
9.33
10.36
4.77
4.99
4.8
4.85
Return on Capital (%)
4.94
- -
8.49
8.46
7.06
3.41
6.38
4.27
4.75
3.29
3
2.6
0.51
0.27
Return on Common Equity (%)
10.56
9.1
21.21
15.39
15.89
15.21
19.79
16.5
19.84
19.25
11.11
9.81
4.04
3.27

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,444
3,407
7,119
LT Borrowings
8,620
9,601
5,111
LT Finance Leases
74
69
67
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
704
704
704
Market Capitalization
30,603
29,969
37,752

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24,702
26,759
34,300
Cash, Cash Equivalents & STI
16,884
18,014
24,166
Accounts Receivable, Net
4,262
4,504
5,195
Inventories
3,322
3,916
4,340
Total Current Liabilities
9,084
10,365
14,584
Payables & Accruals
- -
- -
- -
ST Debt
3,444
3,407
7,119
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.93%
22.25%
1.19%
Free Cash Flow
25.51%
29.26%
-14.17%
Net Income, GAAP
2.42%
3.89%
-55.03%
Sales/Revenue/Turnover
4.14%
4.77%
12.31%
Total Cash Common Dividend
23.56%
19.7%
12.18%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,019
4,255
4,466
4,492
17,231
2025
4,504
4,747
- -
5,111
19,352
2026
5,422
6,129
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.74
0.63
0.48
2.32
2025
0.47
0.16
- -
-0.47
1.02
2026
0.51
0.78
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
- -
1.86
- -
2.39
2025
0.68
- -
- -
- -
2.62
2026
0.69
- -
- -
- -
- -

Company Description

CEO
Thomas Huang
Full Time Employees
2,390
Sector
Producer manufacturing
Industry
Industrial machinery
Address
No.16, East 7th Street Kaohsiung City KH Taiwan 811
IPO Date
Feb 20, 2003
Business
Chang Wah Electromaterials Inc. (8070.TW), founded in 1989 and headquartered in Kaohsiung City, Taiwan, serves as a leading distributor of semiconductor packaging materials, equipment, and related components, primarily acting as an agent for renowned manufacturers including Sumitomo Bakelite and Sumitomo Metal Mining Group; its core offerings encompass epoxy molding compounds (EME), lead frames, sealing resins, laminated substrates, flip chip chip-scale package (FCCSP) and flip chip ball grid array (FCBGA) substrates, release films, cover and UV tapes, low coefficient of thermal expansion (CTE) cores and prepregs, dummy and monitor wafers, conductive and non-conductive silver pastes, automatic molding and trim-and-form equipment, fluid dispensing systems, electromagnetic compatibility (EMC) LED lead frames, tape chip-on-film (COF) substrates, light guide plates, fine-pitch flexible printed circuits (FPCs), and solar power systems, with products supporting applications in consumer electronics, network communications, telecommunications, mobile devices, automotive, optoelectronics including thin-film transistor liquid crystal displays (TFT-LCDs), light-emitting diodes (LEDs) and miniLEDs, PC peripherals, and energy sectors; the company operates principally in Taiwan and across Asia, bolstered by subsidiaries such as Chang Wah Technology Co., Ltd. for LED lead frames and JMC Electronics for advanced packaging substrates, while also engaging in import-export trading, leasing, manufacturing, and retailing of electrical appliances, telecommunications equipment, mechanical parts, synthetic resins, and electronic materials. In recent developments, Chang Wah Electromaterials launched a new joint venture plant with Sumitomo Bakelite in Kaohsiung in early 2024 to expand epoxy molding compound production capacity for semiconductor packaging, anticipates revenue contributions from this facility starting in 2025 alongside sample deliveries in late 2024, transitions toward panel-level fan-out packaging (FOPLP) from wafer-level processes with its subsidiary Chang Wah Technology to target high-margin miniLED solutions through 2025, collaborates with JMC Electronics on rollable substrates for microLED applications entering mass production in the third quarter of 2024, and approved a cash dividend of NT$0.71 per share for the first half of 2025 in November 2025, surpassing the prior year's distribution amid 12% year-over-year revenue growth to NT$14,241 million for the first nine months of 2025 driven by demand in EME and lead frames.