Headway

1776 · TW · Basic Materials / Chemicals

17.15TWD-0.25 (-1.44%)

Price History

Full chart

Market Stats

Previous Close17.40

Open17.65

Day Range17.15 – 17.80

52-Week Range14.01 – 21.40

Volume77.10K

Market Cap1.10B

P/E (TTM)20.39

Forward P/E0.00

EPS0.90

Dividend Yield3.32%

Beta0.29

50-Day Avg17.36

200-Day Avg16.87

About

Headway Advanced Materials Inc. manufactures and sells polyurethane resin and thermoplastic polyurethane pellet products in the Asia-Pacific region. The company provides products, such as solvent and water borne polyurethane, PU solventless, polyisocynate, polyol, and thermoplastic polyurethane, as well as polyaspartate resin, and hardener for polyaspartate resin. Its products are used in various applications, such as textile, leather, furniture, footwear, building materials, electronics, and other industries. The company was founded in 1976 and is based in Hsinchu City, Taiwan.

Company Details

SectorBasic Materials
IndustryChemicals
CEOChun Chao Wei
Employees0
HeadquartersNo. 71, Guangfu Road, Hsinchu City, Taiwan, 30351, Taiwan
Websitehttps://www.headway.com.tw

Leadership

Chun Chao WeiGM & Director
Hong Liao PeiAccounting Supervisor
Shu-Chuan HsuChief Internal Auditor

Financials

Income Statement

Currency: TWD	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	2.02B	2.50B	2.52B	2.42B	2.41B	2.47B	2.29B	1.91B	2.12B	1.92B	1.61B	1.38B	1.48B	1.45B	1.21B	1.24B	1.03B
Growth (%)	-	+23.55%	+0.67%	-3.75%	-0.60%	+2.51%	-7.29%	-16.56%	+10.95%	-9.49%	-15.86%	-14.46%	+6.89%	-1.90%	-16.65%	+2.75%	-16.74%
Cost of Revenue	1.58B	2.07B	2.15B	2.00B	1.95B	2.03B	1.77B	1.46B	1.80B	1.70B	1.32B	1.09B	1.19B	1.25B	1.02B	1.02B	854.29M
Gross Profit	439.94M	436.47M	370.80M	421.13M	459.26M	441.04M	524.30M	449.64M	319.53M	216.37M	299.34M	295.30M	284.09M	194.24M	183.91M	224.58M	178.12M
Gross Margin	21.73%	17.45%	14.72%	17.37%	19.06%	17.86%	22.90%	23.53%	15.07%	11.28%	18.54%	21.38%	19.25%	13.41%	15.24%	18.11%	17.25%
Operating Expense	225.89M	268.23M	262.11M	281.12M	324.17M	320.85M	345.55M	316.58M	256.36M	226.93M	199.60M	203.09M	182.74M	152.77M	172.67M	181.16M	143.42M
Operating Income	214.05M	168.23M	108.69M	140.01M	135.08M	120.19M	178.75M	133.06M	63.17M	-10.55M	99.74M	92.21M	101.35M	41.47M	11.23M	43.42M	34.70M
Operating Margin	10.57%	6.72%	4.32%	5.78%	5.61%	4.87%	7.81%	6.96%	2.98%	-0.55%	6.18%	6.68%	6.87%	2.86%	0.93%	3.50%	3.36%
EBITDA	274.06M	214.79M	166.64M	253.96M	184.70M	181.26M	245.22M	231.07M	214.73M	58.41M	161.37M	152.35M	163.67M	98.32M	112.24M	110.67M	100.53M
EBITDA Margin	13.53%	8.59%	6.62%	10.48%	7.67%	7.34%	10.71%	12.09%	10.13%	3.04%	10.00%	11.03%	11.09%	6.79%	9.30%	8.92%	9.74%
Net Income	152.43M	108.06M	70.57M	138.53M	91.79M	84.84M	128.61M	107.63M	93.69M	-34.37M	59.51M	45.22M	47.02M	18.61M	26.02M	46.67M	16.53M
Net Income Margin	7.53%	4.32%	2.80%	5.72%	3.81%	3.44%	5.62%	5.63%	4.42%	-1.79%	3.69%	3.27%	3.19%	1.29%	2.16%	3.76%	1.60%
R&D	28.89M	30.12M	53.33M	51.05M	63.19M	60.46M	55.34M	41.63M	39.13M	38.65M	32.44M	31.24M	27.19M	26.87M	23.55M	22.71M	20.78M
R&D as % of Total Revenue	1.43%	1.20%	2.12%	2.11%	2.62%	2.45%	2.42%	2.18%	1.85%	2.01%	2.01%	2.26%	1.84%	1.86%	1.95%	1.83%	2.01%
Interest Expense	6.54M	6.11M	6.71M	8.36M	8.61M	8.03M	6.33M	4.13M	3.24M	4.83M	5.29M	5.52M	5.17M	5.74M	9.54M	7.89M	6.93M
Interest Expense % of Total Revenue	0.32%	0.24%	0.27%	0.34%	0.36%	0.33%	0.28%	0.22%	0.15%	0.25%	0.33%	0.40%	0.35%	0.40%	0.79%	0.64%	0.67%

Balance Sheet

Currency: TWD	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.66B	1.84B	1.88B	2.05B	2.06B	2.19B	2.12B	2.11B	2.16B	1.97B	1.88B	1.89B	1.83B	1.79B	1.68B	1.68B	1.47B
Total Liabilities	745.60M	930.45M	895.84M	999.13M	936.06M	999.93M	904.38M	783.23M	873.73M	842.83M	767.46M	794.11M	663.69M	679.79M	689.98M	659.90M	540.62M
Total Equity	800.67M	776.74M	845.95M	908.75M	980.32M	1.04B	1.08B	1.19B	1.17B	1.02B	998.38M	984.36M	1.05B	1.01B	880.07M	918.85M	865.68M
Cash	313.80M	359.45M	284.51M	538.70M	429.08M	292.00M	310.17M	374.55M	328.98M	266.21M	306.18M	250.20M	527.64M	515.30M	387.33M	469.98M	465.54M
Total Debt	451.83M	523.43M	530.15M	586.82M	574.53M	543.01M	505.59M	364.59M	438.85M	574.11M	534.29M	554.61M	417.40M	498.72M	491.75M	453.57M	381.85M
Net Debt	138.03M	163.98M	245.65M	48.12M	145.45M	251.00M	195.42M	-9.95M	109.88M	307.90M	228.11M	304.42M	-110.23M	-16.57M	104.42M	-16.41M	-83.69M

Cash Flow

Currency: TWD	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	233.95M	184.66M	53.68M	201.59M	84.44M	133.62M	208.49M	287.03M	135.22M	-46.84M	165.93M	114.79M	121.54M	92.66M	110.40M	146.04M	183.58M
Investing Cash Flow	-43.49M	-30.18M	-125.13M	69.47M	-120.85M	-203.13M	-57.97M	-93.19M	-90.95M	-56.95M	19.16M	-127.57M	378.89M	-71.39M	-32.54M	-55.00K	-6.56M
Financing Cash Flow	-70.85M	-64.69M	-35.29M	18.85M	-70.63M	-105.98M	-133.03M	-112.04M	-86.93M	42.37M	-144.78M	-43.83M	-223.01M	-23.13M	-204.53M	-67.35M	-155.49M
Capital Expenditure	42.34M	30.01M	43.81M	94.55M	123.58M	211.79M	103.93M	41.00M	102.63M	87.91M	17.45M	49.02M	38.47M	47.21M	32.67M	35.61M	22.43M
Free Cash Flow	191.62M	154.65M	9.87M	107.05M	-39.14M	-78.17M	104.55M	246.03M	32.59M	-134.75M	148.48M	65.77M	83.08M	45.45M	77.73M	110.43M	161.15M
Dividends Paid	68.24M	100.69M	62.51M	53.09M	47.90M	50.95M	73.65M	110.48M	111.30M	104.34M	55.65M	59.49M	70.35M	105.50M	42.18M	30.05M	48.09M
FCF to OCF	81.90%	83.75%	18.39%	53.10%	-46.36%	-58.50%	50.15%	85.72%	24.11%	287.67%	89.48%	57.30%	68.35%	49.05%	70.41%	75.62%	87.78%
Dividend Paid to FCF	35.61%	65.10%	633.13%	49.60%	-122.37%	-65.17%	70.44%	44.90%	341.45%	-77.43%	37.48%	90.45%	84.68%	232.13%	54.27%	27.21%	29.84%

Earnings

Report Date	Jun 30, 2015	Sep 30, 2015	Mar 2, 2016	May 16, 2016	Aug 15, 2016	Nov 14, 2016	May 15, 2017	Aug 14, 2017	Nov 14, 2017	Mar 30, 2018	May 14, 2018	Aug 14, 2018	Nov 14, 2018	Mar 29, 2019	May 29, 2019	Aug 28, 2019	Nov 27, 2019	Feb 26, 2020	Jun 3, 2020	Sep 2, 2020	Dec 2, 2020	Mar 3, 2021	Jun 2, 2021	Sep 1, 2021	Dec 1, 2021	Mar 2, 2022	Jun 1, 2022	Aug 31, 2022	Nov 30, 2022	Mar 27, 2023	May 31, 2023
EPS Estimate	-	-	-	0.33	0.57	0.58	-	-	-	0.51	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.83	0.68	0.57	0.40	0.55	0.19	0.02	0.59	0.16	0.56	-0.12	-0.11	-0.09	-0.17	0.09	0.36	0.19	0.21	0.14	-0.03	0.24	0.30	0.30	1.75	0.12	-0.14	0.26	-0.01	-0.00	0.02	0.08
Surprise	-	-	-	21.21%	-3.51%	-67.24%	-	-	-	9.80%	-157.14%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	After-hours	After-hours	After-hours	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap1.10B

Enterprise Value878.88M

Trailing P/E20.39

Forward P/E0.00

Price / Sales1.06

Price / Book1.23

EPS0.90

Book Value14.74

Revenue (TTM)1.04B

Gross Profit (TTM)222.45M

EBITDA124.88M

Profit Margin5.24%

Operating Margin7.75%

Return on Equity6.52%

Return on Assets3.61%

Shares Outstanding60.11M

Shares Float32.26M

Beta0.29

Dividend Yield3.32%

Dividend Rate0.60

Payout Ratio66.43%

Dividends

20261×

0.60Jun 12, 2026

20251×

0.80Jun 13, 2025

20241×

0.50Jun 13, 2024

20232×

1.45Sep 27, 20230.70Jun 20, 2023

20221×

1.75Aug 26, 2022

20211×

1.17Aug 25, 2021

20201×

0.99Sep 3, 2020

20191×

0.94Aug 28, 2019

20181×

1.75Sep 17, 2018

20171×

1.87Jul 7, 2017

20161×

1.86Jun 15, 2016

20151×

1.40Sep 8, 2015

20141×

0.97Sep 1, 2014

20131×

0.92Aug 28, 2013

20121×

0.58Sep 4, 2012

20111×

0.88Sep 8, 2011

20101×

1.84Jul 9, 2010

20091×

1.38Jul 28, 2009

20081×

1.84Jul 8, 2008

20071×

1.19Jun 12, 2007

20061×

0.95Jul 14, 2006

20051×

0.79Jul 26, 2005

20041×

1.08Sep 23, 2004

Stock Splits

Sep 27, 2023855:1000
Sep 1, 20141080:1000
Aug 28, 20131.06:1
Sep 4, 20121.05:1
Sep 8, 20111.06:1