Aerospace Industrial Development Corp

Chart & Performance

D1W1MN

P/E

18.62

P/S

1.06

EPS

2.36

Div Yield, %

2.45%

Shrs. gr., 5y

-0.04%

Rev. gr., 5y

6.77%

Revenues

39.10b

+29.29%

Net income

2.23b

+36.78%

CFO

3.87b

+60.56%

Dividend

Jul 10, 20241.42 TWD/sh

Earnings

Mar 24, 2025

Profile

Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally. The company provides military aircrafts and helicopters, commercial aviation, and aero/industrial engines. It engages in the manufacturing maintenance and upgradation of drones, military aircrafts, and production of military hardware, as well as military aircraft engines. The company also design and OEM production of airframe structure and sub-assembly parts; design, processing, and OEM production of international commercial aircraft engines and parts and components. In addition, it offers aviation service, R&D application, design, manufacturing, testing, system integration, and after-sales services. Further, the company offers aircraft maintenance including flight line operations, intermediate, and depot level maintenance; instrument and electronics repair, accessories, and avionics test equipment maintenance; harness fabrication and maintenance, avionics repair/overhaul, and production of avionic systems; and logistic support services. Additionally, it provides flight services, which includes flight test, airborne system development flight test verification, aerial data measurement and acquisition, and flight training; and information and technology services, as well as involves in railway, automotive electronics, and power/energy business; and commercial jet aircraft auxiliary power unit. The company was formerly known as Aero Industry Development Center. Aerospace Industrial Development Corporation was founded in 1969 and is headquartered in Taichung City, Taiwan.

URL

https://www.aidc.com.tw/

IPO date

Aug 25, 2014

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	39,100,002 29.29%	30,242,307 27.42%	23,734,566 12.79%
Cost of revenue	36,314,530	28,732,657	23,244,005
Unusual Expense (Income)
NOPBT	2,785,472	1,509,650	490,561
NOPBT Margin	7.12%	4.99%	2.07%
Operating Taxes	616,060	407,634	116,683
Tax Rate	22.12%	27.00%	23.79%
NOPAT	2,169,412	1,102,016	373,878
Net income	2,225,899 36.78%	1,627,333 191.63%	558,013 40.96%
Dividends	(1,017,216)	(329,653)	(188,373)
Dividend yield	2.01%	0.98%	0.68%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	11,047,800	7,993,015	9,939,697
Long-term debt	6,446,879	11,432,169	11,008,396
Deferred revenue	7,348	8,260	8,564
Other long-term liabilities	1,079,825	755,082	639,459
Net debt	11,722,864	14,585,873	16,411,916
Cash flow
Cash from operating activities	3,872,446	2,411,784	4,519,411
CAPEX	(1,155,340)	(746,274)	(1,397,829)
Cash from investing activities	(973,209)	(691,716)	(1,319,082)
Cash from financing activities	(2,834,906)	(1,724,179)	(4,473,773)
FCF	3,008,376	1,162,160	2,496,606
Balance
Cash	4,652,596	3,330,702	3,328,038
Long term investments	1,119,219	1,508,609	1,208,139
Excess cash	3,816,815	3,327,196	3,349,449
Stockholders' equity	13,785,033	15,832,905	14,324,687
Invested Capital	30,312,597	30,734,374	30,759,301
ROIC	7.11%	3.58%	1.16%
ROCE	8.08%	4.39%	1.43%
EV
Common stock shares outstanding	944,762	944,672	942,988
Price	53.60 49.93%	35.75 21.81%	29.35 1.21%
Market cap	50,639,243 49.94%	33,772,024 22.02%	27,676,698 1.15%
EV	62,362,107	48,357,897	44,088,614
EBITDA	4,264,893	2,923,772	1,934,675
EV/EBITDA	14.62	16.54	22.79
Interest	259,864	163,496	133,243
Interest/NOPBT	9.33%	10.83%	27.16%