Topkey (4536.TW) Stock Price

Topkey Price

TWSE·CLOSED
165.50TWD+2.00 (+1.22 %)
Market closed

Over the last 16 years Topkey grew revenue by 12.0% annually, reaching 9.48 B TWD. Earnings per share have grown at 23.1% per year over the last 16 years. For Topkey, the net margin of 18.1% is up versus 9.4% a few years ago. At today's price the dividend yield works out to roughly 5.14%. The payout ratio is around 45% of earnings. The dividend has grown at 9.1% per year over the past 12 years. The consensus 12-month price target for Topkey is 193.80 TWD, about 17.1% above where the stock trades today. Of 8 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 12% above its 52-week low.

Topkey stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Topkey 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 Topkey 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 Topkey's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Topkey Stock Price History
DateTopkey Price
7/17/2026165.50 TWD
7/16/2026163.50 TWD
7/15/2026171.00 TWD
7/14/2026168.50 TWD
7/13/2026171.50 TWD
7/10/2026171.50 TWD
7/9/2026171.50 TWD
7/8/2026173.00 TWD
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7/6/2026175.00 TWD
7/3/2026172.50 TWD
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6/26/2026164.00 TWD
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6/22/2026165.00 TWD
6/18/2026164.00 TWD
6/17/2026165.50 TWD
6/16/2026165.00 TWD
6/15/2026165.00 TWD
6/12/2026165.50 TWD
6/11/2026163.00 TWD
6/10/2026163.50 TWD
6/9/2026163.50 TWD
6/8/2026160.50 TWD
6/5/2026162.50 TWD
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6/3/2026163.00 TWD
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6/1/2026162.00 TWD
5/29/2026160.50 TWD
5/28/2026159.00 TWD
5/27/2026157.50 TWD
5/26/2026159.50 TWD
5/25/2026159.50 TWD
5/22/2026163.00 TWD
5/21/2026161.00 TWD
5/20/2026158.00 TWD
5/19/2026157.50 TWD
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5/15/2026154.50 TWD
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4/15/2026154.50 TWD
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3/31/2026149.00 TWD
3/30/2026148.00 TWD
3/27/2026149.50 TWD
3/26/2026151.00 TWD
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3/23/2026150.00 TWD
3/20/2026152.00 TWD
3/19/2026153.50 TWD
3/18/2026155.50 TWD
3/17/2026156.50 TWD
3/16/2026158.00 TWD
3/13/2026159.00 TWD
3/12/2026161.00 TWD
3/11/2026161.50 TWD
3/10/2026161.50 TWD
3/9/2026160.00 TWD
3/6/2026164.00 TWD
3/5/2026165.50 TWD
2/26/2026169.50 TWD
2/25/2026163.00 TWD
2/24/2026166.50 TWD
2/23/2026168.00 TWD
2/11/2026165.00 TWD
2/10/2026158.00 TWD
2/9/2026158.50 TWD
2/6/2026158.00 TWD
2/5/2026160.00 TWD
2/4/2026159.00 TWD
2/3/2026158.00 TWD
2/2/2026156.50 TWD
1/30/2026158.00 TWD
1/29/2026160.00 TWD
1/28/2026162.00 TWD
1/27/2026164.00 TWD
1/26/2026164.50 TWD
1/23/2026165.00 TWD
1/22/2026165.50 TWD
1/21/2026164.50 TWD
1/20/2026166.50 TWD
1/19/2026168.00 TWD
1/16/2026171.50 TWD
1/15/2026167.50 TWD
1/14/2026167.00 TWD
1/13/2026163.00 TWD
1/12/2026161.00 TWD
1/9/2026162.00 TWD
1/8/2026163.50 TWD
1/7/2026162.50 TWD
1/6/2026161.50 TWD
1/2/2026162.50 TWD
12/31/2025161.50 TWD
12/30/2025159.50 TWD
12/29/2025160.50 TWD
12/26/2025160.00 TWD
12/24/2025161.00 TWD
12/23/2025162.00 TWD
12/22/2025163.50 TWD
12/19/2025161.00 TWD
12/18/2025160.00 TWD
12/17/2025161.50 TWD
12/16/2025157.00 TWD
12/15/2025158.50 TWD
12/12/2025161.50 TWD
12/11/2025160.00 TWD
12/10/2025159.50 TWD
12/9/2025159.50 TWD
12/8/2025160.50 TWD
12/5/2025163.00 TWD
12/4/2025165.00 TWD
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12/2/2025166.00 TWD
12/1/2025166.00 TWD
11/28/2025167.00 TWD
11/27/2025167.50 TWD
11/26/2025169.00 TWD
11/25/2025165.00 TWD
11/24/2025166.00 TWD
11/21/2025163.50 TWD
11/20/2025165.00 TWD
11/19/2025164.00 TWD
11/18/2025164.50 TWD
11/17/2025168.00 TWD
11/14/2025169.00 TWD
11/13/2025171.00 TWD
11/12/2025172.00 TWD
11/11/2025171.00 TWD
11/10/2025182.00 TWD
11/7/2025184.50 TWD
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11/4/2025186.50 TWD
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10/31/2025186.00 TWD
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10/23/2025190.50 TWD
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10/21/2025186.00 TWD
10/20/2025185.50 TWD
10/17/2025186.00 TWD
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10/13/2025188.00 TWD
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10/8/2025194.50 TWD
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10/3/2025189.50 TWD
10/2/2025192.00 TWD
10/1/2025191.50 TWD
9/30/2025193.00 TWD
9/26/2025189.50 TWD
9/25/2025191.50 TWD
9/24/2025192.50 TWD
9/23/2025191.50 TWD
9/22/2025192.00 TWD
9/19/2025189.50 TWD
9/18/2025189.00 TWD
9/17/2025187.50 TWD
9/16/2025185.50 TWD
9/15/2025185.00 TWD
9/12/2025184.00 TWD
9/11/2025182.50 TWD
9/10/2025187.50 TWD
9/9/2025188.00 TWD
9/8/2025190.00 TWD
9/5/2025188.50 TWD
9/4/2025193.00 TWD
9/3/2025187.00 TWD
9/2/2025187.00 TWD
9/1/2025187.00 TWD
8/29/2025189.50 TWD
8/28/2025188.00 TWD
8/27/2025187.00 TWD
8/26/2025186.00 TWD
8/25/2025185.00 TWD
8/22/2025181.00 TWD
8/21/2025181.00 TWD
8/20/2025179.50 TWD
8/19/2025181.50 TWD
8/18/2025184.00 TWD
8/15/2025187.50 TWD
8/14/2025189.00 TWD
8/13/2025187.00 TWD
8/12/2025183.50 TWD
8/11/2025179.00 TWD
8/8/2025186.00 TWD
8/7/2025184.00 TWD
8/6/2025183.50 TWD
8/5/2025185.50 TWD
8/4/2025184.00 TWD
8/1/2025183.50 TWD
7/31/2025181.50 TWD
7/30/2025184.00 TWD
7/29/2025183.00 TWD
7/28/2025182.50 TWD
7/25/2025184.00 TWD
7/24/2025185.50 TWD
7/23/2025186.00 TWD
7/22/2025182.00 TWD
Access this data via the Eulerpool API

Topkey Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
7.22 B TWD
1.21 B TWD
865.78 M TWD
Jan 1, 2020
7.23 B TWD
1.41 B TWD
679.02 M TWD
Jan 1, 2021
8.69 B TWD
1.44 B TWD
831.65 M TWD
Jan 1, 2022
10.97 B TWD
2.54 B TWD
2.26 B TWD
Jan 1, 2023
9.27 B TWD
1.70 B TWD
1.42 B TWD
Jan 1, 2024
9.48 B TWD
1.88 B TWD
1.71 B TWD
Jan 1, 2025 (e)
9.68 B TWD
1.94 B TWD
1.47 B TWD
Jan 1, 2026 (e)
10.19 B TWD
1.96 B TWD
1.56 B TWD

Topkey Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 21, 2026, 5:45 PM
 
REVENUEB TWD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB TWD
EBITB TWD
EBIT MARGIN%
NET INCOMEB TWD
NET INCOME GROWTH%
DIV.TWD
DIV. GROWTH%
SHARESM
201120122013201420152016201720182019202020212022202320242025e2026e
5.876.276.056.566.656.226.327.407.227.238.6910.979.279.489.6810.19
7.076.74-3.568.421.43-6.531.5917.13-2.340.1420.1426.16-15.492.292.105.34
24.1725.0727.2026.4325.7328.4127.1429.0433.1334.5330.5435.3932.7034.8934.8934.89
1.421.571.651.731.711.771.712.152.392.502.653.883.033.313.383.56
0.530.590.670.660.530.580.580.971.211.411.442.541.701.881.941.96
8.999.3311.1110.017.979.279.2013.0516.7119.5316.5523.1718.3819.7920.0519.22
0.510.440.530.550.610.780.480.850.870.680.832.261.421.711.471.56
26.82-12.2519.143.9710.9127.70-38.0074.952.37-21.5022.39171.96-37.3920.99-14.436.48
3.003.005.004.505.006.003.005.506.005.006.0011.0017.0011.0012.64
66.67-10.0011.1120.00-50.0083.339.09-16.6720.0083.3354.55-35.2914.91
82.9083.0084.5091.1191.1091.1391.1691.2691.1591.1191.1491.4591.3891.3591.3591.35
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Topkey 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 Topkey 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 Topkey'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 Topkey 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 Topkey'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.

Topkey stock margins

The Topkey margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Topkey. 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 Topkey.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
33.13 %
16.72 %
11.98 %
Jan 1, 2020
34.54 %
19.54 %
9.39 %
Jan 1, 2021
30.54 %
16.55 %
9.57 %
Jan 1, 2022
35.40 %
23.18 %
20.61 %
Jan 1, 2023
32.71 %
18.38 %
15.27 %
Jan 1, 2024
34.89 %
19.80 %
18.07 %
Jan 1, 2025 (e)
34.89 %
20.05 %
15.14 %
Jan 1, 2026 (e)
34.89 %
19.22 %
15.31 %

Topkey Stock Revenue, EBIT, Earnings per Share

The Topkey earnings per share therefore indicates how much revenue Topkey 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, 2019
79.27 TWD
13.25 TWD
9.50 TWD
Jan 1, 2020
79.40 TWD
15.52 TWD
7.45 TWD
Jan 1, 2021
95.36 TWD
15.78 TWD
9.12 TWD
Jan 1, 2022
119.90 TWD
27.79 TWD
24.71 TWD
Jan 1, 2023
101.41 TWD
18.64 TWD
15.49 TWD
Jan 1, 2024
103.76 TWD
20.55 TWD
18.75 TWD
Jan 1, 2025 (e)
105.94 TWD
21.24 TWD
16.04 TWD
Jan 1, 2026 (e)
111.60 TWD
21.45 TWD
17.09 TWD

Topkey business model & stock analysis

Topkey Corp is a successful company specializing in the manufacture and sale of technical products. The company was founded in 2005 and has experienced considerable growth since then. The company initially focused on developing technologies for machine and plant monitoring but later expanded its product offering to include customized software development solutions. Topkey Corp has established itself as a key player in the market by offering a wide range of products and services. Its business model is built on manufacturing and selling technical products, providing customized software development solutions, and offering consulting services to companies seeking to solve specific problems or optimize their technical processes. The company is divided into various divisions, including sensor and monitoring technology manufacturing, software development, and technical consulting. Topkey Corp offers a diverse range of products, including sensors and monitoring technologies, software applications, and consulting services for planning, optimizing, implementing, and maintaining technical processes. In summary, Topkey Corp is a reputable company known for its business model, excellent customer service, and role as a prominent player in the technology market.

Topkey SWOT Analysis

Strengths

Topkey Corp has a strong market presence and brand recognition.

The company possesses a skilled and experienced management team.

Topkey Corp has innovative products and a diverse product portfolio.

Weaknesses

The company has limited global reach and is mostly focused on domestic markets.

Topkey Corp is heavily dependent on a few key suppliers, which poses a supply chain vulnerability.

The company struggles with high production costs, affecting profitability.

Opportunities

Topkey Corp can explore international expansion and tap into untapped markets.

The company can leverage emerging technologies to develop new and innovative products.

Topkey Corp can engage in strategic partnerships to enhance its market position and capabilities.

Threats

Increasing competition in the industry poses a threat to Topkey Corp's market share.

Economic uncertainties and fluctuations can impact consumer demand for Topkey Corp's products.

Changes in government regulations may affect the company's manufacturing processes and costs.

Topkey 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.

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

Topkey 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.

Topkey shares outstanding

The number of shares of Topkey was 91.35 M in 2025. This indicates how many shares Topkey 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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Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
91.15 M Stocks
Jan 1, 2020
91.11 M Stocks
Jan 1, 2021
91.14 M Stocks
Jan 1, 2022
91.45 M Stocks
Jan 1, 2023
91.38 M Stocks
Jan 1, 2024
91.35 M Stocks
Jan 1, 2025 (e)
91.35 M Stocks
Jan 1, 2026 (e)
91.35 M Stocks

Topkey Dividend History

14 years of dividend payments

YearAnnual DividendYoY ChangePayments
202511.00TWD 29.4%
Jul 16, 202511.00TWD 29.4%1/1
20248.50TWD 22.7%
202311.00TWD 83.3%
20226.00TWD 20.0%
20215.00TWD 16.7%
20206.00TWD 9.1%
20195.50TWD 83.3%
20183.00TWD 50.0%
20176.00TWD 20.0%
20165.00TWD 11.1%

Topkey dividend history and estimates

In 2025, Topkey paid a dividend amounting to 11.00 TWD. Dividend means that Topkey distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2019
5.50 TWD
0.00 TWD
Jan 1, 2020
6.00 TWD
0.00 TWD
Jan 1, 2021
5.00 TWD
0.00 TWD
Jan 1, 2022
6.00 TWD
0.00 TWD
Jan 1, 2023
11.00 TWD
0.00 TWD
Jan 1, 2024 (e)
8.50 TWD
8.50 TWD
Jan 1, 2025
11.00 TWD
0.00 TWD
Jan 1, 2026 (e)
0.00 TWD
12.64 TWD

Topkey dividend payout ratio

In 2025, Topkey had a payout ratio of 68.58%. The payout ratio indicates the percentage of the company's profits that Topkey distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
57.90 %
Jan 1, 2020
80.51 %
Jan 1, 2021
54.80 %
Jan 1, 2022
24.28 %
Jan 1, 2023
71.02 %
Jan 1, 2024
45.33 %
Jan 1, 2025 (e)
68.58 %
Jan 1, 2026 (e)
73.96 %

Current Topkey forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy87.50 % (7)
Hold12.50 % (1)
Sell0.00 % (0)
12M Price Target
193.80
Last Price
163.50
Currency
TWD
12M Return Potential
18.53 %
LTM Return
0 %

Topkey Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
3/7/20242.25TWD2.37 BTWD2023 Q4

Topkey shareholder structure

% Name
10.56838%
Shen (Wen Chen)
Shen (Wen Chen)
3.77020%
Chu (Tung Chen)
Chu (Tung Chen)
3.19547%
Chang (Kui Lin-a)
Chang (Kui Lin-a)
2.90209%
Kan (Mei Hua)
Kan (Mei Hua)
2.23541%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.10404%
Shen (Pei Ni)
Shen (Pei Ni)

Topkey Executives and Management Board

WS

Mr. Wen-Chen Shen

Chairman of the Board · since 1980

Compensation29.82 M TWD
PS

Ms. Pei-Ni Shen

General Manager, Director · since 2007

Compensation15.96 M TWD
KC

Mr. Kwei-Lin Chang

Vice Chairman of the Board · since 2010

Compensation14.41 M TWD
RC

Mr. Ren-Di Chang

Chief Financial Officer-Finance Headquarters · since 2019

Compensation6.03 M TWD
TC

Mr. Tong-Chen Chu

Director · since 2022

Compensation5.50 M TWD

Frequently asked questions about Topkey

The business model of Topkey Corp is focused on providing innovative technology solutions in various industries. They specialize in developing and implementing advanced software systems, hardware components, and integrated networking solutions. Topkey Corp aims to improve operational efficiency, enhance customer experience, and drive growth for their clients. They offer a wide range of services such as custom software development, IT consulting, project management, and technical support. With a strong emphasis on research and development, Topkey Corp strives to stay at the forefront of technology advancements and deliver cutting-edge solutions to meet the evolving needs of businesses worldwide.

All fundamentals and in-depth analysis of Topkey

Our stock analysis for Topkey 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 Topkey. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.