Winmate Inc

Chart & Performance

D1W1MN

P/E

23.80

P/S

4.63

EPS

6.34

Div Yield, %

3.04%

Shrs. gr., 5y

2.01%

Rev. gr., 5y

10.67%

Revenues

2.60b

-2.28%

Net income

506m

+11.83%

CFO

645m

+95.99%

Dividend

Jun 28, 20245.10711 TWD/sh

Earnings

May 30, 2025

Profile

WinMate Inc. engages in the research and development, manufacture, and sales of rugged display equipment and rugged mobile computer in Europe, Asia, the United States, and internationally. The company offers enterprise mobility products, including rugged laptops, handheld computers, and tablets; windows and android vehicle mounted computers; standalone panel PC HMI, industrial panel PCs, stainless panel PCs, rugged Panel PCs, ATEX grade rugged computers, HMI, and bar type panel PC products; and healthcare rugged tablets and displays. It also provides multi-touch, open frame, chassis, panel mount, front IP65, power over ethernet touch, USB Type-C, stainless, G-WIN, rear mount, ATEX grade, SDI series, rack mount, bar type, and LCD scaler board display products; embedded computing/peripherals products, such as box PC, IoT gateway, rack server, embedded board, and power converter board products; defense rugged handheld computers, rugged tablets, panel PCs, displays, and servers; and marine panel PC, display, and embedded computing products. It serves food and hygienic, warehousing and logistics, healthcare, heavy duty, robot controller, industrial automation, energy and utility, marine, renewable energy, metals and mining, automotive technology, public safety, defense, self-service kiosks, transportation, IIOT and edge computing, government, and infrastructure sectors. WinMate Inc. was incorporated in 1996 and is headquartered in New Taipei City, Taiwan.

URL

https://www.winmate.com.tw/

IPO date

Jan 12, 2005

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	2,598,533 -2.28%	2,659,296 6.30%	2,501,627 35.55%
Cost of revenue	2,018,423	2,160,521	2,063,193
Unusual Expense (Income)
NOPBT	580,110	498,775	438,434
NOPBT Margin	22.32%	18.76%	17.53%
Operating Taxes	113,300	111,328	74,020
Tax Rate	19.53%	22.32%	16.88%
NOPAT	466,810	387,447	364,414
Net income	505,952 11.83%	452,429 24.05%	364,706 42.43%
Dividends	(366,021)	(326,425)	(289,872)
Dividend yield	3.72%	4.89%	4.63%
Proceeds from repurchase of equity		3,486	3,266
BB yield		-0.05%	-0.05%
Debt
Debt current	102,895	452,381	2,114
Long-term debt	28,543	17,458	497,102
Deferred revenue
Other long-term liabilities	2,443	1,924	6,446
Net debt	(1,042,231)	(177,348)	(190,619)
Cash flow
Cash from operating activities	644,681	328,935	370,312
CAPEX	(256,988)	(168,937)	(102,686)
Cash from investing activities	(75,798)	(53,307)	(449,485)
Cash from financing activities	(370,658)	(326,313)	210,120
FCF	163,656	92,936	206,662
Balance
Cash	1,277,037	1,265,274	1,340,772
Long term investments	(103,368)	(618,087)	(650,937)
Excess cash	1,043,742	514,222	564,754
Stockholders' equity	1,612,117	1,801,316	1,511,377
Invested Capital	2,144,329	2,360,253	2,129,506
ROIC	20.73%	17.26%	18.64%
ROCE	18.20%	17.35%	16.27%
EV
Common stock shares outstanding	80,288	80,442	79,814
Price	122.50 47.59%	83.00 5.87%	78.40 4.39%
Market cap	9,835,280 47.31%	6,676,686 6.70%	6,257,418 14.41%
EV	8,793,049	6,499,338	6,066,799
EBITDA	614,938	536,799	487,858
EV/EBITDA	14.30	12.11	12.44
Interest	3,644	6,942	5,398
Interest/NOPBT	0.63%	1.39%	1.23%