Test Research Statistics

Total Valuation

Test Research has a market cap or net worth of TWD 57.87 billion. The enterprise value is 56.34 billion.

Market Cap	57.87B
Enterprise Value	56.34B

Important Dates

The last earnings date was 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 decreased by -0.02% in one year.

Current Share Class	236.22M
Shares Outstanding	236.22M
Shares Change (YoY)	-0.02%
Shares Change (QoQ)	+0.16%
Owned by Insiders (%)	25.36%
Owned by Institutions (%)	9.91%
Float	142.65M

Valuation Ratios

The trailing PE ratio is 23.38.

PE Ratio	23.38
Forward PE	n/a
PS Ratio	6.83
PB Ratio	6.03
P/TBV Ratio	6.04
P/FCF Ratio	40.17
P/OCF Ratio	33.50
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 17.76, with an EV/FCF ratio of 39.10.

EV / Earnings	22.73
EV / Sales	6.65
EV / EBITDA	17.76
EV / EBIT	18.94
EV / FCF	39.10

Financial Position

The company has a current ratio of 3.45, with a Debt / Equity ratio of 0.00.

Current Ratio	3.45
Quick Ratio	2.62
Debt / Equity	0.00
Debt / EBITDA	0.01
Debt / FCF	0.03
Interest Coverage	1,213.40

Financial Efficiency

Return on equity (ROE) is 27.72% and return on invested capital (ROIC) is 30.86%.

Return on Equity (ROE)	27.72%
Return on Assets (ROA)	16.77%
Return on Invested Capital (ROIC)	30.86%
Return on Capital Employed (ROCE)	30.18%
Weighted Average Cost of Capital (WACC)	5.65%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.76
Inventory Turnover	2.18

Taxes

In the past 12 months, Test Research has paid 517.80 million in taxes.

Income Tax	517.80M
Effective Tax Rate	17.28%

Stock Price Statistics

The stock price has increased by +89.92% in the last 52 weeks. The beta is 0.25, so Test Research's price volatility has been lower than the market average.

Beta (5Y)	0.25
52-Week Price Change	+89.92%
50-Day Moving Average	189.84
200-Day Moving Average	164.44
Relative Strength Index (RSI)	75.44
Average Volume (20 Days)	6,079,481

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 8.47 billion and earned 2.48 billion in profits. Earnings per share was 10.48.

Revenue	8.47B
Gross Profit	4.94B
Operating Income	2.99B
Pretax Income	3.00B
Net Income	2.48B
EBITDA	3.19B
EBIT	2.99B
Earnings Per Share (EPS)	10.48

Full Income Statement

Balance Sheet

The company has 1.58 billion in cash and 42.68 million in debt, giving a net cash position of 1.54 billion or 6.50 per share.

Cash & Cash Equivalents	1.58B
Total Debt	42.68M
Net Cash	1.54B
Net Cash Per Share	6.50
Equity (Book Value)	9.60B
Book Value Per Share	40.61
Working Capital	5.49B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 1.73 billion and capital expenditures -286.63 million, giving a free cash flow of 1.44 billion.

Operating Cash Flow	1.73B
Capital Expenditures	-286.63M
Free Cash Flow	1.44B
FCF Per Share	6.10

Full Cash Flow Statement

Margins

Gross margin is 58.35%, with operating and profit margins of 35.34% and 29.27%.

Gross Margin	58.35%
Operating Margin	35.34%
Pretax Margin	35.39%
Profit Margin	29.27%
EBITDA Margin	37.67%
EBIT Margin	35.34%
FCF Margin	17.02%

Dividends & Yields

This stock pays an annual dividend of 5.00, which amounts to a dividend yield of 2.04%.

Dividend Per Share	5.00
Dividend Yield	2.04%
Dividend Growth (YoY)	51.52%
Years of Dividend Growth	1
Payout Ratio	47.65%
Buyback Yield	0.02%
Shareholder Yield	2.02%
Earnings Yield	4.28%
FCF Yield	2.49%

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 10.89 and a Piotroski F-Score of 4.

Altman Z-Score	10.89
Piotroski F-Score	4