Taiwan Mask (TPE:2338) FCF Margin %: 17.64% (As of Mar. 2026)


TPE:2338 Taiwan Mask Corp TPE:2338
68 GF Score
Price NT$47.70
GF Value NT$41.36
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Taiwan Mask FCF Margin %?

Taiwan Mask TPE:2338 -0.62% 68 FCF Margin % is 17.64% as of Mar. 2026. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$41.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,021 Semiconductors companies, Taiwan Mask ranks better than 93.63% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Taiwan Mask's Free Cash Flow for the three months ended in Mar. 2026 was NT$271 Mil. Taiwan Mask's Revenue for the three months ended in Mar. 2026 was NT$1,539 Mil. Therefore, Taiwan Mask's FCF Margin % for the quarter that ended in Mar. 2026 was 17.64%.

As of today, Taiwan Mask's current FCF Yield % is 10.38%.

The historical rank and industry rank for Taiwan Mask's FCF Margin % or its related term are showing as below:

TPE:2338' s FCF Margin % Range Over the Past 10 Years
Min: -52.04   Med: -7.14   Max: 32.76
Current: 27.23


During the past 13 years, the highest FCF Margin % of Taiwan Mask was 32.76%. The lowest was -52.04%. And the median was -7.14%.

TPE:2338's FCF Margin % is ranked better than
93.63% of 1021 companies
in the Semiconductors industry
Industry Median: -0.76 vs TPE:2338: 27.23


Taiwan Mask FCF Margin % Related Terms


Taiwan Mask FCF Margin % Historical Data

* Premium members only.

The historical data trend for Taiwan Mask's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Taiwan Mask FCF Margin % Chart

Taiwan Mask Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -52.04 -19.95 -33.74 -1.55 17.42

Taiwan Mask Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.24 64.18 29.90 -7.70 17.64

TPE:2338 vs AMAT, LRCX, KLAC: FCF Margin % Comparison

For the Semiconductor Equipment & Materials subindustry, Taiwan Mask's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taiwan Mask FCF Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Taiwan Mask's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Taiwan Mask's FCF Margin % falls into.


TPE:2338
68GF Score
Taiwan Mask Corp TPE:2338
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Mask FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Taiwan Mask's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1051.592/6038.069
=17.42 %

Taiwan Mask's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=271.427/1538.711
=17.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 17.64% mean?
Taiwan Mask (TPE:2338) has a FCF Margin % of 17.64% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Taiwan Mask and its competitors. According to the industry distribution chart, Taiwan Mask ranks #65 out of 1021 companies in the Semiconductors industry, placing it in the top 6.4%.
Is Taiwan Mask's FCF Margin % too high?
Taiwan Mask's current FCF Margin % is 17.64%. Based on the distribution chart, Taiwan Mask ranks #65 out of 1021 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's FCF Margin % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #65 out of 1021 companies for FCF Margin %. This places Taiwan Mask in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Taiwan Mask and its competitors. Taiwan Mask's current FCF Margin % is 17.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Mask stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Mask (TPE:2338) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.36, compared to a current price of NT$47.70 — trading 15.3% above its estimated fair value. The current FCF Margin % is 17.64%. Taiwan Mask's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current FCF Margin % is 17.64% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Taiwan Mask (TPE:2338) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Mask stock appears to be overvalued. The current stock price of NT$47.70 is trading 15.3% above its estimated GF Value™ of NT$41.36. GuruFocus considers Taiwan Mask to be Modestly Overvalued.

Key valuation signals for TPE:2338:

  • FCF Margin %: 17.64%
  • GF Value™: NT$41.36 vs. price of NT$47.70 (15.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the TPE:2338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Mask Business Description

Address No. 11, Chuangxin 1st Road, Hsinchu Science Park, Hsinchu, TWN
Taiwan Mask Corp manufactures and markets photomasks products for semiconductor production. The company also produces and sells products such as masks and integrated circuits used in semiconductors, and has a diversified sales base. The product segment of the company comprises Photomask and the semiconductor segment. The company generates its revenue from the Photomask and semiconductor segments.
68GF Score

Get the complete analysis for TPE:2338

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$47.70
Price
NT$41.36
GF Value