PerpEquities

Gold Circuit Electronics Ltd. (GOLDCIR) financials

TAI · Technology · Hardware, Equipment & Parts · 8,831 employees · CEO Chen-Tse Yang

Price
NT$1,060.00 +3.92%
Market cap
NT$545B
Enterprise value
NT$534B
Last report
Q2 '26 filed 2026-06-30
Next report
2026-11-16 EPS est. NT$12.31
Revenue (TTM)NT$77.7B+68.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)25.7%+5.1 pp vs a year agoOperating income NT$20B
Net income (TTM)NT$14.4B+128.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)NT$412M-27.5% vs a year agoCapex NT$8.67B
Diluted EPS (TTM)NT$28.14+123.3% vs a year agoSum of the last 4 quarters
Net cashNT$10.5B+12,450.8% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
NT$545B
EV NT$534B
Revenue
NT$77.7B
Trailing 12 months
Revenue growth
+78%
FY2026 consensus
Profit margin
18.6%
Net income / revenue, TTM
P/E
37.2×
Forward 25.3× (FY2026)
P/S
7.0×
Price / sales, TTM
EV / EBITDA
24.6×
TTM
Free cash flow
NT$412M
Trailing 12 months
Net income
NT$14.4B
Trailing 12 months
Revenue estimate
NT$107B
FY2026 consensus
Earnings
2026-11-16
Revenue est. NT$30.6B
Dividend
NT$9.80
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-08-11): revenue beat by 4.2%, EPS beat by 5.3%Revenue NT$24.4B vs NT$23.4B expected (+4.2%); EPS NT$9.40 vs NT$8.93 (+5.3%).
  • Revenue growth accelerating: 75.3% year on yearQ2 '26 revenue NT$24.3B, against an average of 60.1% over the four quarters before.
  • Operating margin 25.7% (TTM), +5.1 pp on a year agoOperating income grew 109.6% while revenue grew 68.0%.
  • Capex 11.2% of revenue (a year ago 11.8%)NT$8.67B invested in the last 4 quarters (+59.1% on a year earlier). Free cash flow NT$412M = 2.9% of net income.
  • Returned NT$2.92B to shareholders = 708.8% of free cash flowBuybacks NT$0 (a year earlier NT$0), dividends NT$2.92B, stock-based pay NT$0 (TTM). More than the free cash flow: paid from cash or debt.
  • Diluted share count up 1.1% in a year516M diluted shares in Q2 '26, 510M a year earlier.
  • Net cash NT$10.5BCash + short-term investments NT$24.6B, debt incl. leases NT$14B; a year ago net debt NT$85.4M.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
RevenueNT$24.3BNT$13.9B+75.3%
Gross margin34.7%29.6%+5.1 pp
Operating incomeNT$6.11BNT$2.84B+115.3%
Operating margin25.2%20.5%+4.7 pp
Net incomeNT$4.78BNT$1.69B+182.4%
Diluted EPSNT$9.11NT$3.32+174.4%
Operating cash flowNT$3.89BNT$1.81B+114.7%
CapexNT$1.96BNT$1.01B+92.8%
Free cash flowNT$1.94BNT$800M+142.5%
R&DNT$0NT$296M-100.0%
Stock-based compensationNT$0NT$0–

Reported vs consensus

2026-08-11
ActualConsensusvs consensus
RevenueNT$24.4BNT$23.4B+4.2%
EPS (as estimated)NT$9.40NT$8.93+5.3%

From the report of 2026-08-11 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
NT$9.08B
Capex
-NT$8.67B
Buybacks
NT$0
Dividends
-NT$2.92B
Acquisitions
NT$3.49M
Net debt issued
NT$14.6B
Stock-based compensation
NT$0
Free cash flow
NT$412M
Returned to shareholders / FCF
708.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)37.2×22.0×9.8× – 35.3×
EV / EBITDA24.6×13.0×6.0× – 22.1×
EV / Sales6.9×3.0×1.4× – 5.6×
Price / FCF1,321.8×80.0× 4 of 5 years14.5× – 249.9×
Price / Book13.0×5.7×3.1× – 10.1×
FCF yield0.1%2.6%-1.3% – 6.9%
Return on invested capital23.7%18.2%15.2% – 22.9%
Return on equity42.0%26.7%21.0% – 31.9%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026NT$107B+77.6%NT$41.88+115.1%25.3×4
FY2027NT$160B+50.1%NT$71.49+70.7%14.8×8
FY2028NT$214B+34.0%NT$100.96+41.2%10.5×3

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02