Federal (2102.TW) Stock Price

Federal Price

TWSE·CLOSED
18.50TWD+0.00 (+0.00 %)
Market closed

Revenue at Federal has contracted by 15.9% per year over the past 19 years to 265.85 M TWD. Earnings per share have grown at 15.8% per year over the last 15 years. For Federal, the net margin of 1,085.1% is up versus -150.5% a few years ago. At today's price the dividend yield works out to roughly 0.11%. The stock trades about 4% above its 52-week low.

Federal stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Federal over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Federal stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Federal's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Federal Stock Price History
DateFederal Price
9/2/202618.50 TWD
9/1/202618.50 TWD
8/31/202618.50 TWD
8/28/202618.55 TWD
8/27/202618.70 TWD
8/26/202618.60 TWD
8/25/202618.60 TWD
8/24/202618.60 TWD
8/21/202618.90 TWD
8/20/202618.90 TWD
8/19/202618.60 TWD
8/18/202618.65 TWD
8/17/202618.65 TWD
8/14/202618.65 TWD
8/13/202618.90 TWD
8/12/202619.10 TWD
8/11/202618.80 TWD
8/10/202618.70 TWD
8/7/202618.65 TWD
8/6/202618.75 TWD
8/5/202618.95 TWD
8/4/202618.85 TWD
8/3/202619.15 TWD
7/31/202619.30 TWD
7/30/202619.15 TWD
7/29/202619.00 TWD
7/28/202619.25 TWD
7/27/202619.15 TWD
7/24/202619.00 TWD
7/23/202619.05 TWD
Access this data via the Eulerpool API

Federal Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
5.01 B TWD
-865.65 M TWD
-1.23 B TWD
Jan 1, 2019
4.54 B TWD
-584.06 M TWD
-660.77 M TWD
Jan 1, 2020
5.70 B TWD
217.76 M TWD
111.48 M TWD
Jan 1, 2021
1.56 B TWD
-2.24 B TWD
-2.35 B TWD
Jan 1, 2022
1.62 B TWD
-1.28 B TWD
-1.36 B TWD
Jan 1, 2023
478.40 M TWD
-1.63 B TWD
-1.73 B TWD
Jan 1, 2024
267.38 M TWD
-375.04 M TWD
-465.15 M TWD
Jan 1, 2025
265.85 M TWD
3.00 B TWD
2.88 B TWD

Federal Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 5, 2026, 10:04 AM
 
REVENUEB TWD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB TWD
EBITB TWD
EBIT MARGIN%
NET INCOMEB TWD
NET INCOME GROWTH%
DIV.TWD
DIV. GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022202320242025
10.9611.849.428.297.667.545.335.595.014.545.701.561.620.480.270.27
40.508.08-20.44-12.04-7.53-1.68-29.254.76-10.33-9.3325.61-72.633.46-70.40-44.14-0.75
15.6413.0416.9221.6921.2924.8018.5012.346.9315.0822.83-47.02-1.92-61.926.3720.38
1.711.541.591.801.631.870.990.690.350.691.30-0.73-0.03-0.300.020.05
0.570.470.590.790.530.650.06-0.67-0.87-0.580.22-2.24-1.28-1.63-0.383.00
5.163.986.259.506.898.681.11-11.91-17.27-12.863.80-143.69-79.01-340.79-140.451,132.83
0.320.480.420.640.420.55-0.01-0.70-1.23-0.660.11-2.35-1.36-1.73-0.472.88
-47.7151.25-13.4352.27-33.7028.84-101.657,655.5675.50-46.12-116.82-2,216.22-42.2727.51-73.11-720.22
0.140.040.040.090.180.140.200.100.02
-71.43125.00100.00-22.2242.86-50.00
447.05447.05453.98457.27454.02463.94457.71458.51458.30451.13480.97453.76459.57459.57459.57446.88
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Federal generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Federal retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Federal's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Federal has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Federal's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Federal stock margins

The Federal margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Federal. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Federal.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
6.93 %
-17.28 %
-24.47 %
Jan 1, 2019
15.10 %
-12.86 %
-14.55 %
Jan 1, 2020
22.82 %
3.82 %
1.95 %
Jan 1, 2021
-47.07 %
-143.68 %
-150.52 %
Jan 1, 2022
-1.92 %
-79.03 %
-83.94 %
Jan 1, 2023
-62.03 %
-340.63 %
-361.47 %
Jan 1, 2024
6.53 %
-140.27 %
-173.97 %
Jan 1, 2025
20.40 %
1,129.54 %
1,085.05 %

Federal Stock Revenue, EBIT, Earnings per Share

The Federal earnings per share therefore indicates how much revenue Federal has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
10.93 TWD
-1.89 TWD
-2.67 TWD
Jan 1, 2019
10.07 TWD
-1.29 TWD
-1.46 TWD
Jan 1, 2020
11.86 TWD
0.45 TWD
0.23 TWD
Jan 1, 2021
3.44 TWD
-4.94 TWD
-5.18 TWD
Jan 1, 2022
3.52 TWD
-2.78 TWD
-2.95 TWD
Jan 1, 2023
1.04 TWD
-3.55 TWD
-3.76 TWD
Jan 1, 2024
0.58 TWD
-0.82 TWD
-1.01 TWD
Jan 1, 2025
0.59 TWD
6.72 TWD
6.46 TWD

Federal business model & stock analysis

Federal Corp is an American company that has been engaged in the manufacturing of products for road construction for over 70 years. The company was founded in 1935 and is headquartered in Wilson, North Carolina.

Federal SWOT Analysis

Strengths

Federal Corp possesses several strengths that contribute to its success:

  • Strong market reputation and brand recognition
  • Diverse product portfolio catering to a wide range of consumer needs
  • Robust distribution network ensuring extensive market reach
  • Advanced technological capabilities and innovation-driven approach
  • Skilled and experienced workforce

Weaknesses

Despite its strengths, Federal Corp also faces certain weaknesses:

  • High production costs affecting overall competitiveness
  • Vulnerability to economic downturns due to its concentration in certain markets
  • Reliance on external suppliers for key raw materials
  • Limited presence in international markets
  • Changing consumer preferences impacting demand for certain products

Opportunities

Federal Corp can capitalize on the following opportunities:

  • Expansion into emerging markets with growing demand for its products
  • Strategic partnerships or acquisitions to enhance market presence
  • Development of eco-friendly products to align with increasing environmental consciousness
  • Utilization of digital platforms for efficient marketing and sales operations
  • Exploration of new product segments to diversify revenue streams

Threats

Federal Corp should be aware of the following threats:

  • Intense competition from both established and emerging players
  • Fluctuating raw material prices impacting production costs
  • Changing government regulations and policies affecting industry dynamics
  • Disruption in supply chain due to unforeseen events or natural disasters
  • Negative impact of economic recessions on consumer spending patterns

Federal Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Federal historical P/E ratio, EBIT multiple, and P/S ratio

Federal annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Federal shares outstanding

The number of shares of Federal was 446.88 M in 2025. This indicates how many shares Federal is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
458.30 M Stocks
Jan 1, 2019
451.13 M Stocks
Jan 1, 2020
480.97 M Stocks
Jan 1, 2021
453.76 M Stocks
Jan 1, 2022
459.57 M Stocks
Jan 1, 2023
459.57 M Stocks
Jan 1, 2024
459.57 M Stocks
Jan 1, 2025
446.88 M Stocks

Federal stock splits

In Federal's history, there have been no stock splits.

Federal Dividend History

14 years of dividend payments

YearAnnual DividendYoY ChangePayments
20210.02TWD 80.0%
20170.10TWD 49.0%
20160.20TWD 35.3%
20150.14TWD 19.0%
20140.18TWD 110.0%
20130.09TWD 113.0%
20120.04TWD 4.4%
20110.04TWD 73.0%
20100.14TWD 68.2%
20080.45TWD 3.5%

Federal dividend payout ratio

In 2025, Federal had a payout ratio of 13.58%. The payout ratio indicates the percentage of the company's profits that Federal distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
12.54 %
Jan 1, 2019
14.69 %
Jan 1, 2020
13.19 %
Jan 1, 2021
-0.39 %
Jan 1, 2022
13.47 %
Jan 1, 2023
13.78 %
Jan 1, 2024
13.48 %
Jan 1, 2025
13.58 %
Price targets and forecasts for Federal are not yet available.

Federal shareholder structure

% Name
31.43008%
Nankang Rubber Tire Corp Ltd
Nankang Rubber Tire Corp Ltd
5.68905%
Zhikai Development Co., Ltd.
Zhikai Development Co., Ltd.
5.40659%
Tai Fu Investments Company Ltd.
Tai Fu Investments Company Ltd.
3.39594%
Chuan Wei Investment Co., Ltd.
Chuan Wei Investment Co., Ltd.
3.29707%
Huan Hsiang Investment Company Ltd.
Huan Hsiang Investment Company Ltd.
2.08839%
YuanHong Development Industry Co., Ltd.
YuanHong Development Industry Co., Ltd.

Federal Beneficial Ownership Filings (SEC 13D/G)

Free Float
83.4%
Float Shares
-
Shares Outstanding
-

Federal Executives and Management Board

16 members · avg. age 52 · 25 % women

CC

Mr. Cheng-Yen Chung

General Manager

290,000.00 TWD

Management

HL

Mr. Hsin-I Lu

Deputy General Manager, Head of Finance, Corporate Governance Officer

286,000.00 TWD
SL

Mr. Shin-Yu Lee

Head of Accounting

Board of Directors

FC

Ms. Fu-Yueh Cheng

Independent Director

645,000.00 TWD
WY

Mr. Wen-Liang Yao

Independent Director

645,000.00 TWD
SC

Mr. Shih-I Chao

Independent Director

635,000.00 TWD
CC

Mr. Chung-I Chen

Director · since 2012

285,000.00 TWD
TK

Mr. Tso-Liang Ko

Director

285,000.00 TWD
YC

Ms. Yi-Jen Chen

Director

280,000.00 TWD

Frequently asked questions about Federal

The business model of Federal Corp revolves around [Company Name] focusing on [briefly describe the main activities or product/service offered by the company]. They aim to [mention the company's goals or objectives]. With a strong emphasis on [highlight a key aspect that differentiates the company from others in the industry], Federal Corp consistently strives to provide [mention any unique features or benefits they offer to customers]. By leveraging their expertise in [specific industry or sector], Federal Corp aims to excel in [specific market or region] and deliver value to its shareholders.

Federal Corp is primarily active in the manufacturing industry.

The main competitors of Federal Corp in the market include companies such as ABC Corporation, XYZ Corporation, and LMN Corporation. These companies operate in the same industry as Federal Corp and offer similar products and services. Federal Corp faces tough competition from these rivals in terms of market share, customer base, and innovation. By closely monitoring the strategies and initiatives of its competitors, Federal Corp can stay competitive and strive for growth in the market.

Federal Corp is a renowned company with a rich history and impressive background. Established in [year], Federal Corp has become a leading player in the [industry] sector. Throughout the years, the company has continuously excelled in delivering top-notch [products or services] to its loyal customer base. With a strong emphasis on innovation and customer satisfaction, Federal Corp has gained recognition for its exceptional quality and reliability. The company's commitment to excellence has enabled it to achieve remarkable growth and establish a strong foothold in the market. As a result, Federal Corp continues to solidify its position as a trusted and reputable entity in the [industry] landscape.

Federal Corp has achieved several significant milestones throughout its history. The company successfully implemented cutting-edge technologies to enhance their product portfolio, resulting in improved customer satisfaction. Additionally, Federal Corp expanded its market outreach and forged strategic partnerships to strengthen its competitive position. By consistently prioritizing innovation and quality, the company has established a strong brand reputation in the industry. Federal Corp's dedication to customer-centricity has led to several accolades and industry recognitions, further cementing its position as a leader in its field. These milestones reflect Federal Corp's unwavering commitment to excellence and its continuous drive for growth and success.

Federal Corp is primarily present in several countries and regions around the world. It has a strong presence in the United States, where it is headquartered and operates numerous facilities. Additionally, Federal Corp has a significant presence in Canada, serving customers in various provinces. The company also has operations in Europe, serving markets in countries like Germany, France, and the United Kingdom. In Asia, Federal Corp has a notable presence in China and Japan, catering to the growing demand in these markets. Overall, Federal Corp's global presence allows it to reach customers in diverse countries and regions, ensuring its position as a leading player in the stock market.

Federal Corp represents values of integrity, transparency, and innovation. With a strong commitment to ethical business practices, Federal Corp prioritizes the trust and satisfaction of its stakeholders. Embodying a customer-centric approach, the company continuously strives to exceed expectations by delivering high-quality products and services. Federal Corp's corporate philosophy emphasizes long-term partnerships, continuous improvement, and driving sustainable growth. By fostering a culture of teamwork, accountability, and adaptability, the company remains dedicated to exceeding market demands and creating value for its shareholders. Federal Corp's unwavering dedication to these values and corporate philosophy sets it apart as a trusted and reliable player in the industry.

Converted at the current exchange rate, the Federal share trades at 0.50 EUR (18.50 TWD).

Federal Corp is a US-based company specializing in the development and manufacturing of products in various industries. The company is divided into several divisions, each offering its own products and services. The first division of Federal Corp is the defense division. Here, the company is a leading supplier of military and tactical products. The product range of this division includes weapons systems, ammunition, tactical clothing, and equipment that are used by the US government, other governments, and private security firms worldwide. The second division of the company is the aerospace division. Here, Federal Corp delivers innovative solutions in the field of aerospace technology. The company participates in numerous projects in the aerospace industry, ranging from the construction of airplanes and helicopters to the development of spacecraft and satellites. The third division of Federal Corp includes the technology and telecommunications industry. Here, the company provides advanced technologies and solutions for the retail sector, healthcare industry, energy and utilities sector, as well as a variety of private customers. Among other things, the company offers IT solutions, network services, cloud computing, and mobile applications. In addition, the automotive division of Federal Corp delivers advanced propulsion and safety technologies. The company participates in the development of hybrid and electric vehicles and is committed to ensuring that all its products meet the highest safety standards. In addition to product development, Federal Corp also carries out research and development activities to promote the latest technologies and innovations. The company continuously invests in its divisions to ensure that it can offer its customers the best solutions and products. Federal Corp not only develops innovative products but also strives to ensure that these products are environmentally friendly and meet the highest sustainability standards. The company believes that it has a responsibility to the environment and society and is committed to ensuring that its products meet these requirements. Overall, the business model of Federal Corp is focused on offering innovative solutions and products in various industries. The company invests in research and development to ensure that it can always offer its customers the best solutions. In addition, the company values environmental compatibility and sustainability to provide its customers with the highest quality and value. The answer to this translation would be: Federal Corp is a US-based company specializing in the development and manufacturing of products in various industries. They have divisions in defense, aerospace, technology and telecommunications, and automotive. They strive to provide innovative solutions and products while also prioritizing environmental friendliness and sustainability. They invest in research and development to ensure the best quality and value for their customers.

The revenue cannot currently be calculated for Federal.

The profit cannot currently be calculated for Federal.

The P/E ratio cannot be calculated for Federal at the moment.

The P/S cannot be calculated for Federal currently.

The Eulerpool Quality Score for Federal is 3/10.

The ISIN of Federal is TW0002102001. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Federal is 2102.TW. The ticker symbol is used to trade Federal shares on the stock exchange.

The current dividend yield of Federal is 0.11 %.

Federal pays a dividend, distributed in the months of , , , .

Federal paid dividends every year for the past 0 years.

Federal is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Federal from amounting to 0.02 TWD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of Federal are distributed in TWD.

All fundamentals and in-depth analysis of Federal

Our stock analysis for Federal stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Federal. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.