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TPEX/8938 (TPEX/8938)

Taipei Exchange: TPEX/8938 · TWD

NT$49.5

+0.35 (+0.7%)· Recorded snapshot

Market cap	7.6B
Revenue (ttm)	14.8B
Net income (ttm)	823.5M
EPS (ttm)	NT$5.30
Shares out	154.4M
P/E (trailing)	9.3x
Dividend	NT$4.00 (8.09%)
Volume	60,935
Beta	0.16

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	TWD
Country	Taiwan
Country code	TW
Earnings date	2026-11-06
Employees	622
Enterprise value	TWD 7.3B
Exchange	Taipei Exchange
Financial currency	TWD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1987
Industry	Leisure
Is primary listing	Yes
ISIN number	TW0008938002
Last earnings date	2026-02-23
Last refreshed	2026-10-28
Last stock split date	2008-07-25
Last stock split type	Forward
Market cap	TWD 7.6B
Next earnings date	2026-11-06
Price	TWD 49.45
Price currency	TWD
Sector	Consumer Discretionary
SIC code	3949
Stock price date	2026-10-28
Symbol	tpex/8938
Website	https://www.adgroup.com.tw

Metric

Value

Amount currency

TWD

Country

Taiwan

Country code

Earnings date

2026-11-06

Employees

622

Enterprise value

TWD 7.3B

Exchange

Taipei Exchange

Financial currency

TWD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1987

Industry

Leisure

Is primary listing

Yes

ISIN number

TW0008938002

Last earnings date

2026-02-23

Last refreshed

2026-10-28

Last stock split date

2008-07-25

Last stock split type

Forward

Market cap

TWD 7.6B

Next earnings date

2026-11-06

Price

TWD 49.45

Price currency

TWD

Sector

Consumer Discretionary

SIC code

3949

Stock price date

2026-10-28

Symbol

tpex/8938

Website

https://www.adgroup.com.tw

Metric	Value
Average P/E ratio (10Y)	14.48x
Average P/E ratio (3Y)	27.82x
Average P/E ratio (5Y)	19.38x
Earnings yield	10.71%
EV/Earnings	8.86x
EV/EBIT	9.45x
EV/EBITDA	4.54x
EV/FCF	5.88x
EV/Sales	0.49x
FCF / EV yield	17.01%
FCF yield	16.26%
Graham number	76.97184
Graham upside	55.66%
Industry forward P/E	11.39x
Industry P/E	17.07x
Lynch fair value	TWD 26.48
Lynch upside	-46.45%
P/B ratio	0.99x
P/E ratio	9.34x
P/FCF ratio	6.15x
P/OCF ratio	4.44x
P/S ratio	0.52x
Price / tangible book value	1x
Price/EBITDA ratio	4.98x
Sector forward P/E	16.91x
Sector P/E	16.85x

Metric

Value

Average P/E ratio (10Y)

14.48x

Average P/E ratio (3Y)

27.82x

Average P/E ratio (5Y)

19.38x

Earnings yield

10.71%

EV/Earnings

8.86x

EV/EBIT

9.45x

EV/EBITDA

4.54x

EV/FCF

5.88x

EV/Sales

0.49x

FCF / EV yield

17.01%

FCF yield

16.26%

Graham number

76.97184

Graham upside

55.66%

Industry forward P/E

11.39x

Industry P/E

17.07x

Lynch fair value

TWD 26.48

Lynch upside

-46.45%

P/B ratio

0.99x

P/E ratio

9.34x

P/FCF ratio

6.15x

P/OCF ratio

4.44x

P/S ratio

0.52x

Price / tangible book value

Price/EBITDA ratio

4.98x

Sector forward P/E

16.91x

Sector P/E

16.85x

Metric	Value
EBIT margin	5.21%
EBITDA margin	10.35%
Effective tax rate	20.48%
FCF margin	8.38%
Gross margin	14.66%
Operating margin	5.21%
Pretax margin	6.99%
Profit margin	5.56%
Profit per employee	TWD 1.3M
Profitable quarters	4
Profitable years	11
Revenue per employee	TWD 23.8M
ROA	3.75%
ROA (5Y)	6.83%
ROCE	8.21%
ROE	11.11%
ROE (5Y)	17.66%
ROIC	8.39%
ROIC (5Y)	16.29%
Tax / revenue	1.43%

Metric

Value

EBIT margin

5.21%

EBITDA margin

10.35%

Effective tax rate

20.48%

FCF margin

8.38%

Gross margin

14.66%

Operating margin

5.21%

Pretax margin

6.99%

Profit margin

5.56%

Profit per employee

TWD 1.3M

Profitable quarters

Profitable years

Revenue per employee

TWD 23.8M

ROA

3.75%

ROA (5Y)

6.83%

ROCE

8.21%

ROE

11.11%

ROE (5Y)

17.66%

ROIC

8.39%

ROIC (5Y)

16.29%

Tax / revenue

1.43%

Metric	Value
EPS growth	26.94%
EPS growth (QoQ)	-98.74%
EPS growth 10Y	12.18%
EPS growth 3Y	-21.29%
EPS growth 5Y	-9.82%
EPS growth quarters	1
EPS growth years	0
FCF growth (Q)	202.6%
FCF growth (QoQ)	-68.92%
FCF growth 3Y	-27.51%
FCF growth 5Y	41.2%
Gross profit growth	-3.64%
Gross profit growth (Q)	-9.62%
Gross profit growth 3Y	-16.02%
Gross profit growth 5Y	-7.34%
Net income growth	28.55%
Net income growth (QoQ)	-98.74%
Net income growth 3Y	-19.22%
Net income growth 5Y	-7.48%
Net income growth quarters	1
Net income growth years	0
OCF growth	40.92%
OCF growth (Q)	13.51%
OCF growth (QoQ)	-64.66%
OCF growth 10Y	8.43%
OCF growth 3Y	-26.36%
OCF growth 5Y	10.68%
Operating income growth	5.91%
Operating income growth (Q)	-81.45%
Operating income growth 3Y	-29.85%
Operating income growth 5Y	-17.2%
Revenue growth	-2.25%
Revenue growth (Q)	-4.37%
Revenue growth (QoQ)	-22.32%
Revenue growth 10Y	5.21%
Revenue growth 3Y	-7.99%
Revenue growth 5Y	-1.13%
Revenue growth years	1

Metric

Value

EPS growth

26.94%

EPS growth (QoQ)

-98.74%

EPS growth 10Y

12.18%

EPS growth 3Y

-21.29%

EPS growth 5Y

-9.82%

EPS growth quarters

EPS growth years

FCF growth (Q)

202.6%

FCF growth (QoQ)

-68.92%

FCF growth 3Y

-27.51%

FCF growth 5Y

41.2%

Gross profit growth

-3.64%

Gross profit growth (Q)

-9.62%

Gross profit growth 3Y

-16.02%

Gross profit growth 5Y

-7.34%

Net income growth

28.55%

Net income growth (QoQ)

-98.74%

Net income growth 3Y

-19.22%

Net income growth 5Y

-7.48%

Net income growth quarters

Net income growth years

OCF growth

40.92%

OCF growth (Q)

13.51%

OCF growth (QoQ)

-64.66%

OCF growth 10Y

8.43%

OCF growth 3Y

-26.36%

OCF growth 5Y

10.68%

Operating income growth

5.91%

Operating income growth (Q)

-81.45%

Operating income growth 3Y

-29.85%

Operating income growth 5Y

-17.2%

Revenue growth

-2.25%

Revenue growth (Q)

-4.37%

Revenue growth (QoQ)

-22.32%

Revenue growth 10Y

5.21%

Revenue growth 3Y

-7.99%

Revenue growth 5Y

-1.13%

Revenue growth years

Metric	Value
Capital expenditures	TWD -476.8M
Depreciation and amortization	TWD 761.6M
EBIT	TWD 771.5M
EBITDA	TWD 1.5B
EPS	TWD 5.30
FCF per share	TWD 8.04
Financing cash flow	TWD -1.3B
Free cash flow	TWD 1.2B
Gross profit	TWD 2.2B
Income taxes	TWD 212.1M
Investing cash flow	TWD -517.8M
Net borrowing	TWD -615M
Net cash flow	TWD -93.7M
Net income	TWD 823.5M
Operating income	TWD 771.5M
Revenue	TWD 14.8B

Metric

Value

Capital expenditures

TWD -476.8M

Depreciation and amortization

TWD 761.6M

EBIT

TWD 771.5M

EBITDA

TWD 1.5B

EPS

TWD 5.30

FCF per share

TWD 8.04

Financing cash flow

TWD -1.3B

Free cash flow

TWD 1.2B

Gross profit

TWD 2.2B

Income taxes

TWD 212.1M

Investing cash flow

TWD -517.8M

Net borrowing

TWD -615M

Net cash flow

TWD -93.7M

Net income

TWD 823.5M

Operating income

TWD 771.5M

Revenue

TWD 14.8B

Metric	Value
Altman Z-Score	3.25
Book value per share	TWD 49.72
Debt / EBITDA	1.38
Debt / equity	0.29
Debt / FCF	1.79
Interest coverage	8.57
Long-term assets	TWD 5.8B
Long-term liabilities	TWD 1.7B
Net cash (debt)	TWD 336.1M
Net cash / market cap	4.4%
Net debt / EBITDA	-0.22
Net debt / equity	-0.04
Net debt / FCF	-0.27
Piotroski F-Score	6
Property, plant and equipment	TWD 5.5B
Shareholders' equity	TWD 7.7B
Tangible book value	TWD 7.6B
Tangible book value per share	TWD 49.48
Total assets	TWD 12.9B
Total cash	TWD 2.6B
Total debt	TWD 2.2B
Total liabilities	TWD 5.2B
WACC	4.7%

Metric

Value

Altman Z-Score

3.25

Book value per share

TWD 49.72

Debt / EBITDA

1.38

Debt / equity

0.29

Debt / FCF

1.79

Interest coverage

8.57

Long-term assets

TWD 5.8B

Long-term liabilities

TWD 1.7B

Net cash (debt)

TWD 336.1M

Net cash / market cap

4.4%

Net debt / EBITDA

-0.22

Net debt / equity

-0.04

Net debt / FCF

-0.27

Piotroski F-Score

Property, plant and equipment

TWD 5.5B

Shareholders' equity

TWD 7.7B

Tangible book value

TWD 7.6B

Tangible book value per share

TWD 49.48

Total assets

TWD 12.9B

Total cash

TWD 2.6B

Total debt

TWD 2.2B

Total liabilities

TWD 5.2B

WACC

4.7%

Metric	Value
Asset turnover	1.15
Current assets	TWD 7.1B
Current liabilities	TWD 3.5B
Current ratio	2.03
Inventory turnover	6.66
Net working capital	TWD 2B
Quick ratio	1.43
Working capital	TWD 3.6B
Working capital turnover	4.75

Metric

Value

Asset turnover

1.15

Current assets

TWD 7.1B

Current liabilities

TWD 3.5B

Current ratio

2.03

Inventory turnover

6.66

Net working capital

TWD 2B

Quick ratio

1.43

Working capital

TWD 3.6B

Working capital turnover

4.75

Metric	Value
Buyback yield / dilution	0.25%
Dividend growth	-2.17%
Dividend growth (10Y)	19.04%
Dividend growth (3Y)	-23.61%
Dividend growth (5Y)	8.18%
Dividend growth years	1
Dividend payment date	2026-04-30
Dividend payment years	24
Dividend payout frequency	Annual
Dividend per share	TWD 4.00
Dividend yield	8.09%
Ex-dividend date	2026-03-27
FCF payout ratio	49.75%
Last dividend	TWD 4.00
Payout ratio	74.97%
Shareholder yield	8.34%

Metric

Value

Buyback yield / dilution

0.25%

Dividend growth

-2.17%

Dividend growth (10Y)

19.04%

Dividend growth (3Y)

-23.61%

Dividend growth (5Y)

8.18%

Dividend growth years

Dividend payment date

2026-04-30

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

TWD 4.00

Dividend yield

8.09%

Ex-dividend date

2026-03-27

FCF payout ratio

49.75%

Last dividend

TWD 4.00

Payout ratio

74.97%

Shareholder yield

8.34%

Metric	Value
10Y price change	146.02%
10Y return CAGR	15.78%
10Y total return	332.64%
150-day SMA	TWD 55.04
15Y price change	38.9%
15Y return CAGR	7.4%
15Y total return	191.97%
1D price change	0.71%
1M price change	-5.09%
1M total return	-5.09%
1Y price change	-18.4%
1Y return CAGR	-13.08%
1Y total return	-13.07%
20-day SMA	TWD 50.94
200-day SMA	TWD 58.81
20Y price change	-12.84%
20Y return CAGR	4.84%
20Y total return	157.25%
3M price change	-13.25%
3M total return	-13.25%
3Y price change	-26.08%
3Y return CAGR	-5.3%
3Y total return	-15.08%
50-day SMA	TWD 51.55
50-day SMA vs 200-day SMA	50under200
52-week high	TWD 75.60
52-week high date	2026-01-20
52-week low	TWD 48.90
52-week low date	2026-10-27
5Y price change	-36.03%
5Y return CAGR	-2.95%
5Y total return	-13.9%
6M price change	-15.33%
6M total return	-15.33%
All-time high	TWD 119.00
All-time high date	2023-03-06
All-time low	TWD 15.45
All-time low date	2015-08-25
Average true range (ATR)	TWD 0.63
Average volume	91.4K
Beta (1Y)	-0
Beta (2Y)	0.29
Beta (5Y)	0.16
Change from 52-week high	-34.59%
Change from 52-week low	1.13%
Change from all-time high	-58.45%
Change from all-time low	220.06%
Change from open	0.71%
Day's gap	0%
Dollar volume	TWD 3M
High price	TWD 49.50
Low price	TWD 49.10
Monthly RSI	32.8
Open price	TWD 49.10
Position in 52-week range	87.5%
Previous close	TWD 49.10
Price vs 150-day SMA	-10.15%
Price vs 20-day SMA	-2.93%
Price vs 200-day SMA	-15.92%
Price vs 50-day SMA	-4.08%
Relative volume	0.67
RSI	34.69
Sharpe ratio	-0.81
Sharpe ratio (3Y)	-0.46
Sharpe ratio (5Y)	-0.18
Sortino ratio	-0.86
Sortino ratio (3Y)	-0.39
Sortino ratio (5Y)	-0.04
Volume	60.9K
Weekly RSI	32.39
YTD price change	-29.26%
YTD total return	-24.64%

Metric

Value

10Y price change

146.02%

10Y return CAGR

15.78%

10Y total return

332.64%

150-day SMA

TWD 55.04

15Y price change

38.9%

15Y return CAGR

7.4%

15Y total return

191.97%

1D price change

0.71%

1M price change

-5.09%

1M total return

-5.09%

1Y price change

-18.4%

1Y return CAGR

-13.08%

1Y total return

-13.07%

20-day SMA

TWD 50.94

200-day SMA

TWD 58.81

20Y price change

-12.84%

20Y return CAGR

4.84%

20Y total return

157.25%

3M price change

-13.25%

3M total return

-13.25%

3Y price change

-26.08%

3Y return CAGR

-5.3%

3Y total return

-15.08%

50-day SMA

TWD 51.55

50-day SMA vs 200-day SMA

50under200

52-week high

TWD 75.60

52-week high date

2026-01-20

52-week low

TWD 48.90

52-week low date

2026-10-27

5Y price change

-36.03%

5Y return CAGR

-2.95%

5Y total return

-13.9%

6M price change

-15.33%

6M total return

-15.33%

All-time high

TWD 119.00

All-time high date

2023-03-06

All-time low

TWD 15.45

All-time low date

2015-08-25

Average true range (ATR)

TWD 0.63

Average volume

91.4K

Beta (1Y)

-0

Beta (2Y)

0.29

Beta (5Y)

0.16

Change from 52-week high

-34.59%

Change from 52-week low

1.13%

Change from all-time high

-58.45%

Change from all-time low

220.06%

Change from open

0.71%

Day's gap

Dollar volume

TWD 3M

High price

TWD 49.50

Low price

TWD 49.10

Monthly RSI

32.8

Open price

TWD 49.10

Position in 52-week range

87.5%

Previous close

TWD 49.10

Price vs 150-day SMA

-10.15%

Price vs 20-day SMA

-2.93%

Price vs 200-day SMA

-15.92%

Price vs 50-day SMA

-4.08%

Relative volume

0.67

RSI

34.69

Sharpe ratio

-0.81

Sharpe ratio (3Y)

-0.46

Sharpe ratio (5Y)

-0.18

Sortino ratio

-0.86

Sortino ratio (3Y)

-0.39

Sortino ratio (5Y)

-0.04

Volume

60.9K

Weekly RSI

32.39

YTD price change

-29.26%

YTD total return

-24.64%

Metric	Value
Float	112.1M
Shares change (QoQ)	-0.35%
Shares change (YoY)	-0.25%
Shares held by insiders	12.21%
Shares held by institutions	5.01%
Shares outstanding	154.4M

Metric

Value

Float

112.1M

Shares change (QoQ)

-0.35%

Shares change (YoY)

-0.25%

Shares held by insiders

12.21%

Shares held by institutions

5.01%

Shares outstanding

154.4M

TPEX/8938 (TPEX/8938)

Price

Financial snapshot

Fair-value bridge

Latest news · TPEX/8938

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TPEX/8938 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/8938

Frequently asked questions