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ICARES Medicus, Inc. (6612.TWO)

TWD72.80 +0.50 (+0.69%)
TW TWO Healthcare Medical - Instruments & Supplies
Address No. 16, Shengyi Road
Zhubei, TW
CEO Tan-Li Chen
IPO 2016-12-27
ISIN TW0006612005

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Description

ICARES Medicus, Inc. operates as a dedicated nano-medical materials company, engaging in the entire lifecycle from innovation and production to global distribution of advanced ophthalmic medical materials. Its core offerings encompass a range of ocular solutions, most notably intraocular lenses (IOLs) designed to correct visual impairments such as cataracts, nearsightedness (myopia), farsightedness (hyperopia), age-related vision loss (presbyopia), and astigmatism. Additionally, the company supplies sophisticated surgical implantation systems along with comprehensive technical support services. Established in 2011, ICARES Medicus, Inc. maintains its headquarters in Zhubei, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD72.80 +0.50 (+0.69%)
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Volume Profile
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Liquidity & share structure
Average Volume
39.6K
Beta
0.28
Float Shares
22.52M
Free Float %
47.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -1.23% +6.47% +4.78% -14.32% -2.03% -34.72% -44.89% +40.17% +75.69% +75.69%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
72.80
DCF (Unlevered) 883.92 +1,114.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.68
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Instruments & Supplies: +7.9%
    +31.5% Q1'26: +0.3% (vs Q1'25)
  • EPS growth Medical - Instruments & Supplies: +16.3%
    -50.0% Q1'26: -19.7% (vs Q1'25)
  • FCF margin FCF growth · Medical - Instruments & Supplies: +27.1%
    -5.8% Q1'26: -6.9% (vs Q1'25)
  • EBIT margin Medical - Instruments & Supplies: +13.5%
    +11.4% Q1'26: +12.5% (vs Q1'25)
  • ROIC Medical - Instruments & Supplies: +6.0%
    +5.5% Q1'26: +4.7% (vs Q1'25)
  • Share dilution Medical - Instruments & Supplies: +0.1%
    -94.0% Q1'26: -37.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Instruments & Supplies: -0.24×
    0.83× Q1'26: 2.68× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.31) × ERP
WACC = 47% × Ke + 53% × Kd (10.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 883.92 Current price: 72.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
329.28M
est: 336.00M (-2.0%)
419.36M
est: 380.00M (+10.4%)
362.67M
est: 422.00M (-14.1%)
393.92M
est: 411.00M (-4.2%)
511.85M
est: 650.00M (-21.3%)
605.45M
est: 650.00M (-6.9%)
859.79M
est: 650.00M (+32.3%)
1.13B
est: 336.00M (+236.6%)
336.00M
336.00M – 336.00M
+0.0% YoY
380.00M
380.00M – 380.00M
+13.1% YoY
422.00M
422.00M – 422.00M
+11.1% YoY
411.00M
411.00M – 411.00M
-2.6% YoY
650.00M
650.00M – 650.00M
+58.2% YoY
EBITDA
111.42M
est: 97.99M (+13.7%)
122.02M
est: 110.82M (+10.1%)
95.81M
est: 123.07M (-22.2%)
105.87M
est: 119.87M (-11.7%)
174.42M
est: 189.57M (-8.0%)
164.20M
est: 189.57M (-13.4%)
269.39M
est: 187.22M (+43.9%)
278.34M
est: 96.78M (+187.6%)
96.78M
96.78M – 96.78M
+0.0% YoY
109.45M
109.45M – 109.45M
+13.1% YoY
121.55M
121.55M – 121.55M
+11.1% YoY
118.38M
118.38M – 118.38M
-2.6% YoY
187.22M
187.22M – 187.22M
+58.2% YoY
EBIT
100.65M
est: 73.66M (+36.6%)
105.55M
est: 83.31M (+26.7%)
74.74M
est: 92.52M (-19.2%)
76.19M
est: 90.11M (-15.4%)
143.68M
est: 142.50M (+0.8%)
120.46M
est: 142.50M (-15.5%)
180.35M
est: 130.49M (+38.2%)
128.58M
est: 67.45M (+90.6%)
67.45M
67.45M – 67.45M
+0.0% YoY
76.29M
76.29M – 76.29M
+13.1% YoY
84.72M
84.72M – 84.72M
+11.1% YoY
82.51M
82.51M – 82.51M
-2.6% YoY
130.49M
130.49M – 130.49M
+58.2% YoY
Net Income
70.45M
est: 110.25M (-36.1%)
81.02M
est: 112.79M (-28.2%)
51.91M
est: 106.64M (-51.3%)
58.60M
est: 91.17M (-35.7%)
128.91M
est: 167.49M (-23.0%)
97.73M
est: 167.49M (-41.7%)
103.12M
est: 9.08M (+1,035.8%)
3.07M
est: 5.98M (-48.6%)
5.98M
5.98M – 5.98M
+0.0% YoY
6.11M
6.11M – 6.11M
+2.3% YoY
5.78M
5.78M – 5.78M
-5.5% YoY
4.94M
4.94M – 4.94M
-14.5% YoY
9.08M
9.08M – 9.08M
+83.7% YoY
SGA
104.58M
est: 106.26M (-1.6%)
122.58M
est: 120.18M (+2.0%)
116.32M
est: 133.46M (-12.8%)
127.00M
est: 129.98M (-2.3%)
157.23M
est: 205.57M (-23.5%)
186.31M
est: 205.57M (-9.4%)
277.97M
est: 199.06M (+39.6%)
306.10M
est: 102.90M (+197.5%)
102.90M
102.90M – 102.90M
+0.0% YoY
116.37M
116.37M – 116.37M
+13.1% YoY
129.24M
129.24M – 129.24M
+11.1% YoY
125.87M
125.87M – 125.87M
-2.6% YoY
199.06M
199.06M – 199.06M
+58.2% YoY
EPS
1.82
est: 2.33 (-22.1%)
1.98
est: 2.39 (-17.0%)
1.26
est: 2.26 (-44.0%)
1.42
est: 1.93 (-26.5%)
3.46
est: 3.55 (-2.3%)
2.55
est: 3.55 (-27.9%)
2.20
est: 3.22 (-31.7%)
1.09
est: 2.12 (-48.6%)
2.12
2.12 – 2.12
+0.0% YoY
2.17
2.17 – 2.17
+2.3% YoY
2.05
2.05 – 2.05
-5.5% YoY
1.75
1.75 – 1.75
-14.5% YoY
3.22
3.22 – 3.22
+83.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-28 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-25 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 B+ 3/5 3/5 3/5 4/5 2/5 1/5 5/5
2026-05-13 B 3/5 3/5 3/5 3/5 2/5 1/5 5/5
2026-05-12 B 3/5 3/5 3/5 3/5 2/5 1/5 5/5
2026-05-11 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-08 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-07 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-06 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-05 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-04 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-30 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-29 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-28 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-27 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-24 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-23 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-22 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-21 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-20 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-17 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-16 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
113.80M
OE per share TTM
38.62
Owner's Yield
5.34%
Maintenance CapEx ratio
38.51%
Maint CapEx / Avg PPE
24.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 50.6K 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.67M
Shares Outstanding
47.34M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Carl Robert Cummings President of Major Subsidiary male
Junming Lin Vice President of R&D and Operations
Tan-Li Chen Vice President and Head of Finance & Accounting Department female
Wen-Chu Tseng Chief R&D Officer & Director male
Ying-Zong Yan Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits