TPEX/8923 (TPEX/8923)

Taipei Exchange: TPEX/8923 · TWD

NT$17.9

-0.10 (-0.6%)· Recorded snapshot

Market cap	546.8M
Revenue (ttm)	445.5M
Net income (ttm)	24.4M
EPS (ttm)	NT$0.80
Shares out	30.4M
P/E (trailing)	22.3x
Dividend	NT$0.90 (5.03%)
Volume	3,493
Beta	0.17

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 445.5M
Net income (ttm): 24.4M
EPS (ttm): NT$0.80
P/E (trailing): 22.3x
Market cap: 546.8M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E22.3

P25 n/aP50 n/aP75 n/a

ROE5.5

P25 n/aP50 n/aP75 n/a

ROIC6.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TPEX/8923 indicators

Market & fundamental data

Available fields

258

Groups with data

Currency

TWD

Showing 258 of 258 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	TWD
Country	Taiwan
Country code	TW
Earnings date	2026-11-12
Employees	139
Employees change	-3
Employees growth	-2.11%
Enterprise value	TWD 327.3M
Exchange	Taipei Exchange
Financial currency	TWD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1985
Industry	Publishing
Is primary listing	Yes
ISIN number	TW0008923004
Last earnings date	2026-03-02
Last refreshed	2026-10-28
Market cap	TWD 546.8M
Next earnings date	2026-11-12
Price	TWD 17.90
Price currency	TWD
Sector	Communication Services
SIC code	2731
Stock price date	2026-10-28
Symbol	tpex/8923
Website	https://www.readingtimes.com.tw

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	18.61x
Average P/E ratio (3Y)	21.95x
Average P/E ratio (5Y)	20.47x
Earnings yield	4.49%
EV/Earnings	13.4x
EV/EBIT	18.88x
EV/EBITDA	5.1x
EV/FCF	4.17x
EV/Sales	0.73x
FCF / EV yield	23.97%
FCF yield	14.35%
Graham number	16.24892
Graham upside	-9.22%
Lynch fair value	TWD 4.02
Lynch upside	-77.53%
P/B ratio	1.23x
P/E ratio	22.25x
P/FCF ratio	6.97x
P/OCF ratio	6.83x
P/S ratio	1.23x
Price / tangible book value	1.52x
Price/EBITDA ratio	10.13x
Sector forward P/E	25.38x
Sector P/E	26.91x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.89%
EBITDA margin	12.12%
Effective tax rate	12.94%
FCF margin	17.61%
Gross margin	44.97%
Operating margin	3.89%
Pretax margin	6.3%
Profit margin	5.48%
Profit per employee	TWD 175,784
Profitable quarters	20
Profitable years	10
Revenue per employee	TWD 3.2M
ROA	1.2%
ROA (5Y)	2.14%
ROCE	3.52%
ROE	5.51%
ROE (5Y)	6.64%
ROIC	6.32%
ROIC (5Y)	9.35%
Tax / revenue	0.82%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-18.75%
EPS growth (Q)	300%
EPS growth (QoQ)	13.6%
EPS growth 10Y	-2.93%
EPS growth 3Y	-1.05%
EPS growth 5Y	-1.1%
EPS growth quarters	1
EPS growth years	2
FCF growth	-26.28%
FCF growth (Q)	-50.21%
FCF growth (QoQ)	0.32%
FCF growth 3Y	5.79%
FCF growth 5Y	-0.46%
Gross profit growth	-13.1%
Gross profit growth (Q)	1.7%
Gross profit growth 3Y	-0.18%
Gross profit growth 5Y	0.75%
Net income growth	-19.39%
Net income growth (Q)	291.17%
Net income growth (QoQ)	15.13%
Net income growth 3Y	-1.46%
Net income growth 5Y	-1.16%
Net income growth quarters	1
Net income growth years	2
OCF growth	-25.71%
OCF growth (Q)	-48.5%
OCF growth (QoQ)	2.99%
OCF growth 10Y	5.29%
OCF growth 3Y	6.52%
OCF growth 5Y	-0.05%
Operating income growth	-62.47%
Operating income growth (Q)	49.9%
Operating income growth 3Y	-8.94%
Operating income growth 5Y	-10.92%
Revenue growth	-4.83%
Revenue growth (Q)	18.32%
Revenue growth (QoQ)	13.21%
Revenue growth 10Y	0.55%
Revenue growth 3Y	0.03%
Revenue growth 5Y	0.81%
Revenue growth quarters	1
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	TWD -1.6M
Depreciation and amortization	TWD 36.7M
EBIT	TWD 17.3M
EBITDA	TWD 54M
EPS	TWD 0.80
FCF per share	TWD 2.58
Financing cash flow	TWD -36.7M
Free cash flow	TWD 78.5M
Gross profit	TWD 200.3M
Income taxes	TWD 3.6M
Investing cash flow	TWD -54.3M
Net borrowing	TWD -10.9M
Net cash flow	TWD -9.2M
Net income	TWD 24.4M
Operating income	TWD 17.3M
Revenue	TWD 445.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.76
Book value per share	TWD 14.59
Debt / EBITDA	0.86
Debt / equity	0.13
Debt / FCF	0.71
Interest coverage	14.31
Long-term assets	TWD 299M
Long-term liabilities	TWD 48.9M
Net cash (debt)	TWD 219.5M
Net cash / market cap	40.14%
Net cash growth	7.68%
Net debt / EBITDA	-4.07
Net debt / equity	-0.5
Net debt / FCF	-2.8
Piotroski F-Score	4
Property, plant and equipment	TWD 49.6M
Shareholders' equity	TWD 443.1M
Tangible book value	TWD 358.8M
Tangible book value per share	TWD 11.81
Total assets	TWD 920.4M
Total cash	TWD 274.9M
Total debt	TWD 55.5M
Total liabilities	TWD 477.2M
WACC	4.86%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.5
Current assets	TWD 621.4M
Current liabilities	TWD 428.4M
Current ratio	1.45
Inventory turnover	1.62
Net working capital	TWD -70.7M
Quick ratio	1.06
Working capital	TWD 193M
Working capital turnover	2.27

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.02%
Dividend growth	5.88%
Dividend growth (10Y)	0.57%
Dividend growth (3Y)	-3.45%
Dividend growth (5Y)	1.15%
Dividend growth years	1
Dividend payment date	2026-07-30
Dividend payment years	27
Dividend payout frequency	Annual
Dividend per share	TWD 0.90
Dividend yield	5.03%
Ex-dividend date	2026-07-07
FCF payout ratio	34.85%
Last dividend	TWD 0.90
Payout ratio	105.67%
Shareholder yield	5.05%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	4.65%
10Y return CAGR	5.53%
10Y total return	71.29%
150-day SMA	TWD 19.60
15Y price change	-2.7%
15Y return CAGR	4.9%
15Y total return	104.99%
1D price change	-0.56%
1M price change	-3.49%
1M total return	-3.49%
1W price change	-2.44%
1W total return	-2.44%
1Y price change	-13.67%
1Y return CAGR	-9.61%
1Y total return	-9.6%
20-day SMA	TWD 18.41
200-day SMA	TWD 19.65
20Y price change	36.36%
20Y return CAGR	6.98%
20Y total return	285.29%
3M price change	-5.26%
3M total return	-5.26%
3Y price change	-4.51%
3Y return CAGR	2.65%
3Y total return	8.17%
50-day SMA	TWD 18.88
50-day SMA vs 200-day SMA	50under200
52-week high	TWD 21.50
52-week high date	2025-11-11
52-week low	TWD 17.90
52-week low date	2026-10-22
5Y price change	6.2%
5Y return CAGR	5.7%
5Y total return	31.9%
6M price change	-8.16%
6M total return	-3.84%
All-time high	TWD 49.00
All-time high date	2000-04-20
All-time low	TWD 8.05
All-time low date	2008-10-27
Average true range (ATR)	TWD 0.37
Average volume	9.3K
Beta (1Y)	-0.17
Beta (2Y)	-0.17
Beta (5Y)	0.17
Change from 52-week high	-16.74%
Change from 52-week low	0%
Change from all-time high	-63.27%
Change from all-time low	123.6%
Change from open	-0.56%
Day's gap	0%
Dollar volume	TWD 62,525
High price	TWD 18.00
Low price	TWD 17.90
Monthly RSI	39.6
Open price	TWD 18.00
Position in 52-week range	0%
Previous close	TWD 18.00
Price vs 150-day SMA	-8.14%
Price vs 20-day SMA	-2.22%
Price vs 200-day SMA	-8.41%
Price vs 50-day SMA	-4.67%
Relative volume	0.38
RSI	43.73
Sharpe ratio	0.03
Sharpe ratio (3Y)	0.06
Sharpe ratio (5Y)	0.37
Sortino ratio	0.2
Sortino ratio (3Y)	0.27
Sortino ratio (5Y)	0.72
Volume	3.5K
Weekly RSI	35.77
YTD price change	-10%
YTD total return	-5.76%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	9.7M
Shares change (QoQ)	-0.13%
Shares change (YoY)	-0.02%
Shares held by insiders	7.02%
Shares outstanding	30.4M

Deeper analysis on TPEX/8923

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this TPEX/8923 report

Is a complete TPEX/8923 research report available?

No complete published report is available for tpex/8923 (TPEX/8923) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TPEX/8923 (TPEX/8923)

Price

Financial snapshot

Fair-value bridge

Latest news · TPEX/8923

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TPEX/8923 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TPEX/8923

Frequently asked questions