Test Research Statistics

Total Valuation

Test Research has a market cap or net worth of TWD 39.57 billion. The enterprise value is 38.68 billion.

Market Cap	39.57B
Enterprise Value	38.68B

Important Dates

The next estimated earnings date is Thursday, February 26, 2026.

Earnings Date	Feb 26, 2026
Ex-Dividend Date	Jun 13, 2025

Share Statistics

Test Research has 236.22 million shares outstanding. The number of shares has increased by 0.01% in one year.

Current Share Class	236.22M
Shares Outstanding	236.22M
Shares Change (YoY)	+0.01%
Shares Change (QoQ)	+0.00%
Owned by Insiders (%)	25.36%
Owned by Institutions (%)	10.36%
Float	142.64M

Valuation Ratios

The trailing PE ratio is 17.09.

PE Ratio	17.09
Forward PE	n/a
PS Ratio	5.02
PB Ratio	4.47
P/TBV Ratio	4.48
P/FCF Ratio	33.01
P/OCF Ratio	27.82
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.19, with an EV/FCF ratio of 32.27.

EV / Earnings	16.68
EV / Sales	4.91
EV / EBITDA	13.19
EV / EBIT	14.13
EV / FCF	32.27

Financial Position

The company has a current ratio of 3.21, with a Debt / Equity ratio of 0.00.

Current Ratio	3.21
Quick Ratio	2.37
Debt / Equity	0.00
Debt / EBITDA	0.01
Debt / FCF	0.04
Interest Coverage	1,071.97

Financial Efficiency

Return on equity (ROE) is 27.91% and return on invested capital (ROIC) is 20.62%.

Return on Equity (ROE)	27.91%
Return on Assets (ROA)	16.25%
Return on Invested Capital (ROIC)	20.62%
Return on Capital Employed (ROCE)	30.13%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.74
Inventory Turnover	2.02

Taxes

In the past 12 months, Test Research has paid 383.39 million in taxes.

Income Tax	383.39M
Effective Tax Rate	14.18%

Stock Price Statistics

The stock price has increased by +31.37% in the last 52 weeks. The beta is 0.18, so Test Research's price volatility has been lower than the market average.

Beta (5Y)	0.18
52-Week Price Change	+31.37%
50-Day Moving Average	157.48
200-Day Moving Average	143.84
Relative Strength Index (RSI)	62.77
Average Volume (20 Days)	2,946,587

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Test Research had revenue of TWD 7.88 billion and earned 2.32 billion in profits. Earnings per share was 9.80.

Revenue	7.88B
Gross Profit	4.60B
Operating Income	2.75B
Pretax Income	2.70B
Net Income	2.32B
EBITDA	2.92B
EBIT	2.75B
Earnings Per Share (EPS)	9.80

Full Income Statement

Balance Sheet

The company has 928.85 million in cash and 42.52 million in debt, giving a net cash position of 886.33 million or 3.75 per share.

Cash & Cash Equivalents	928.85M
Total Debt	42.52M
Net Cash	886.33M
Net Cash Per Share	3.75
Equity (Book Value)	8.86B
Book Value Per Share	37.50
Working Capital	4.91B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 1.42 billion and capital expenditures -223.63 million, giving a free cash flow of 1.20 billion.

Operating Cash Flow	1.42B
Capital Expenditures	-223.63M
Free Cash Flow	1.20B
FCF Per Share	5.07

Full Cash Flow Statement

Margins

Gross margin is 58.35%, with operating and profit margins of 34.97% and 29.44%.

Gross Margin	58.35%
Operating Margin	34.97%
Pretax Margin	34.31%
Profit Margin	29.44%
EBITDA Margin	37.06%
EBIT Margin	34.97%
FCF Margin	15.21%

Dividends & Yields

This stock pays an annual dividend of 5.00, which amounts to a dividend yield of 2.92%.

Dividend Per Share	5.00
Dividend Yield	2.92%
Dividend Growth (YoY)	51.52%
Years of Dividend Growth	n/a
Payout Ratio	50.92%
Buyback Yield	-0.01%
Shareholder Yield	2.90%
Earnings Yield	5.86%
FCF Yield	3.03%

Dividend Details

Stock Splits

The last stock split was on July 23, 2013. It was a forward split with a ratio of 1.06.

Last Split Date	Jul 23, 2013
Split Type	Forward
Split Ratio	1.06

Scores

Test Research has an Altman Z-Score of 10.55 and a Piotroski F-Score of 5.

Altman Z-Score	10.55
Piotroski F-Score	5