Taiwan Fu Hsing Industrial Co (TPE:9924) Research & Development: NT$198 Mil (TTM As of Dec. 2025)


TPE:9924 Taiwan Fu Hsing Industrial Co Ltd TPE:9924
82 GF Score
Price NT$40.00
GF Value NT$43.79
Valuation Fairly Valued
! 2 Warning Signs
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What is Taiwan Fu Hsing Industrial Co Research & Development?

Taiwan Fu Hsing Industrial Co TPE:9924 -0.62% 82 Research & Development is NT$198 Mil as of Dec. 2025. GuruFocus rates TPE:9924 with a GF Score™ of 82/100 and a GF Value™ of NT$43.79 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Taiwan Fu Hsing Industrial Co's Research & Development for the three months ended in Dec. 2025 was NT$53 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$198 Mil.

Taiwan Fu Hsing Industrial Co  (TPE:9924) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Taiwan Fu Hsing Industrial Co Research & Development Related Terms

Taiwan Fu Hsing Industrial Co Research & Development Historical Data

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The historical data trend for Taiwan Fu Hsing Industrial Co's Research & Development 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 Fu Hsing Industrial Co Research & Development Chart

Taiwan Fu Hsing Industrial Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 208.68 195.58 194.29 194.64 198.48

Taiwan Fu Hsing Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development 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 49.55 47.55 49.15 49.05 52.74
TPE:9924
82GF Score
Taiwan Fu Hsing Industrial Co Ltd TPE:9924
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Fu Hsing Industrial Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$198 Mil.

* 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 Research & Development →
What does a Research & Development of NT$198 Mil mean?
Taiwan Fu Hsing Industrial Co (TPE:9924) has a Research & Development of NT$198 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Taiwan Fu Hsing Industrial Co and its competitors.
Is Taiwan Fu Hsing Industrial Co's Research & Development too high?
Taiwan Fu Hsing Industrial Co's current Research & Development is NT$198 Mil. Overall, Taiwan Fu Hsing Industrial Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Fu Hsing Industrial Co's Research & Development compare to TT and JCI?
Taiwan Fu Hsing Industrial Co's Research & Development of NT$198 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Construction company?
A good Research & Development depends on the Construction industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Taiwan Fu Hsing Industrial Co and its competitors. Taiwan Fu Hsing Industrial Co's current Research & Development is NT$198 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Fu Hsing Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co (TPE:9924) is currently considered Fairly Valued. The stock's GF Value™ is NT$43.79, compared to a current price of NT$40.00 — trading 8.7% below its estimated fair value. The current Research & Development is NT$198 Mil. Taiwan Fu Hsing Industrial Co's overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Taiwan Fu Hsing Industrial Co (TPE:9924), the current Research & Development is NT$198 Mil as of Dec. 2025. 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 Fu Hsing Industrial Co (TPE:9924) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co stock appears to be undervalued. The current stock price of NT$40.00 is trading 8.7% below its estimated GF Value™ of NT$43.79. GuruFocus considers Taiwan Fu Hsing Industrial Co to be Fairly Valued.

Key valuation signals for TPE:9924:

  • Research & Development: NT$198 Mil
  • GF Value™: NT$43.79 vs. price of NT$40.00 (8.7% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TPE:9924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Taiwan Fu Hsing Industrial Co Business Description

Address No. 88, Yucai Road, Benzhou Village, Gangshan District, Kaohsiung, TWN, 820
Taiwan Fu Hsing Industrial Co Ltd is engaged in the manufacture and distribution of door locks and related accessories and furniture. The products of the company include commercial door locks, residential door locks, door lock parts, door closing-related products, fire door hardware, electronic door locks, flat handle locks, round handle and flat handle horn locks, auxiliary locks, interlocking locks, large handle locks, and European standard lockboxes, floor springs, and tooling. Geographically, the company generates a majority of its revenue from its customers located in the United States followed by Asia, Europe, and other regions.
82GF Score

Get the complete analysis for TPE:9924

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$40.00
Price
NT$43.79
GF Value