TEMPLETON DRAGON FUND INC (TDF)
The Templeton Dragon Fund, Inc. is an actively managed, U.S.-domiciled closed-end equity fund that commenced operations on September 20, 1994. Established by Franklin Resources, Inc. and overseen by Templeton Asset Management Ltd., its primary objective is to invest in publicly traded Chinese companies. The fund primarily targets value stocks across a wide array of industries. Its portfolio is built upon rigorous fundamental analysis, evaluating criteria such as growth potential, competitive advantage in global export markets, technological capabilities, research and development initiatives, operational efficiency, labor and raw material expenditures, profit margins, return on investment, capital adequacy, the regulatory landscape, and management quality.
Industry: Asset Management
Templeton Dragon Fund, Inc.
NYSE:TDFFinancial Services · Asset Management
+0.22%$9.10
CLOSED · Nov 3Prev close$9.08+0.22%Close$9.100.00%AH close$9.10
AH$9.10+0.00%vs close
Mkt Cap$229.15M
Float25.18M
O/S25.18M
VOL62K sh
$ Vol$563K
RVOL0.69×
Inst Own71.6%
SI<0.1%
Div Yield5.49%
Dilution
Financials Summary
Revenue$36.07M
Net Income$76.89M
Total Assets$329.8M
Free Cash Flow$0
Debt & Equity
Debt 0%
Equity 100%
Total Debt$1M
Total Equity$328.28M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TDF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$329.8M
Liabilities$1.51M
Accounts Receivable$7.35M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $36.07M | -$15.81M | -$34.94M | -$7.47M | $54.72M | $200.22M | $166.17M | -$115.69M | $246.45M | $7.62M | $23M | $31.05M | $34.34M | $35.64M |
| YoY Growth | -328.1% | -54.7% | 367.9% | -113.6% | -72.7% | 20.5% | -243.6% | -146.9% | 3134.2% | -66.9% | -25.9% | -9.6% | -3.7% | - |
| Cost of Revenue | $3.35M | $2.97M | $4.58M | $6.24M | $10.57M | $10.42M | $9.34M | $10.56M | $10.11M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $32.72M | -$18.78M | -$39.52M | -$13.7M | $44.15M | $8.66M | $156.83M | -$126.25M | $236.34M | $7.62M | $23M | $31.05M | $34.34M | $35.64M |
| Gross Margin | 90.7% | 118.8% | 113.1% | 183.5% | 80.7% | 4.3% | 94.4% | 109.1% | 95.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $25 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $477K | $426K | $494K | $911K | $641K | $656K | $548K | $760K | $620K | $12.48M | $13.53M | $14.73M | $14.79M |
| Other | -$44.16M | $150K | $6K | $106K | $79K | $10.09M | $8K | $84K | $44K | $44K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$44.16M | $627K | $432K | $600K | $989K | $10.73M | $664K | $631K | $804K | $665K | $87.65M | $42.66M | $79.47M | $145.86M |
| Operating Income (EBIT) | $76.87M | $27.04M | -$88.45M | -$184.33M | -$129.41M | $300.42M | $165.5M | -$116.33M | $245.65M | $6.96M | $10.52M | $17.52M | $19.6M | $20.86M |
| Operating Margin | 213.1% | -171.0% | 253.1% | 2468.4% | -236.5% | 150.0% | 99.6% | 100.5% | 99.7% | 91.3% | 45.7% | 56.4% | 57.1% | 58.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $6.4M | $4K | $2K | $5K | $23K | $21K | $25K | $27K | $24K | $30K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $12K | -$5K | -$9K | -$2K | -$27K | $61K | $0 | $0 | $0 | -$2.29M | -$75.16M | $56.19M | -$64.74M | $160.65M |
| Income Before Tax (EBT) | $76.89M | $27.04M | -$88.46M | -$184.33M | -$129.41M | $300.42M | $165.5M | -$116.33M | $245.65M | $6.96M | -$64.65M | $73.71M | -$45.14M | $181.5M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $6.96M | $0 | $0 | $0 | $0 |
| Net Income | $76.89M | $27.04M | -$88.46M | -$184.33M | -$129.41M | $300.42M | $165.5M | -$116.33M | $245.65M | $6.96M | -$64.65M | $73.71M | -$45.14M | $181.5M |
| Net Income Margin | 213.2% | -171.0% | 253.2% | 2468.4% | -236.5% | 150.0% | 99.6% | 100.5% | 99.7% | 91.3% | -281.0% | 237.4% | -131.5% | 509.2% |
| Supplementary Data | ||||||||||||||
| EPS | 3.04 | 1.07 | -3.49 | -5.45 | -3.83 | 8.89 | 4.89 | -3.44 | 7.17 | 0.21 | -1.86 | 2.10 | -1.25 | 4.82 |
| Diluted EPS | 3.04 | 1.07 | -3.49 | -5.45 | -3.83 | 8.89 | 4.89 | -3.44 | 7.17 | 0.21 | -1.86 | 2.10 | -1.25 | 4.82 |
| Weighted Average OS | 25.29M | 25.35M | 25.35M | 33.80M | 33.80M | 33.80M | 33.85M | 33.82M | 34.16M | 33.12M | 34.80M | 35.11M | 36.10M | 37.65M |
| EBITDA | $76.89M | $27.04M | -$88.45M | -$182.74M | -$129.41M | $300.35M | $165.67M | -$115.82M | $245.32M | $9.25M | $10.52M | $17.52M | $19.6M | $0 |
| EBITDA Margin | 213.2% | -171.0% | 253.1% | 2447.1% | -236.5% | 150.0% | 99.7% | 100.1% | 99.5% | 121.4% | 45.7% | 56.4% | 57.1% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $323K | $2.24M | $2.85M | $13K | $4.85M | $2.48M | $91K | $38K | $183K | $13K | $4.97M | $5.06M | $0 | $0 |
| Short-Term Investments | $3.85M | $0 | $0 | $0 | $4.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.17M | $2.24M | $2.85M | $13K | $9.2M | $10K | $91K | $38K | $183K | $13K | $4.97M | $5.06M | $0 | $0 |
| Accounts Receivable | $7.35M | $256K | $252K | $1K | $7K | $369K | $891K | $1.3M | $543K | $490K | $363K | $209K | $1.73M | $472K |
| Inventory | $0 | $0 | $0 | $7.65M | $4.36M | $0 | $25.57M | $4.97M | $4.95M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$256K | $1.71M | -$7.65M | -$13.56M | $0 | -$25.57M | $0 | $0 | $0 | $0 | $1.6M | $5.75M | $14.03M |
| Total Current Assets | $11.52M | $2.24M | $4.81M | $14K | $7K | $379K | $982K | $1.34M | $726K | $503K | $5.33M | $6.87M | $7.48M | $14.51M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $318.28M | $261.83M | $236.64M | $406.19M | $633.4M | $854.38M | $737.64M | $643.32M | $839.01M | $655.24M | $710.14M | $922.05M | $1.02B | $1.18B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $256K | $2.49M | $404.22M | $628.57M | $0 | $0 | -$643.32M | -$839.01M | -$655.24M | $0 | $1.52M | $5.32M | -$1.18B |
| Total Long-Term Assets | $318.28M | $262.08M | $239.13M | $406.19M | $633.4M | $854.38M | $737.64M | $643.32M | $839.01M | $655.24M | $710.14M | $923.57M | $1.03B | $1.18B |
| Other Assets | $0 | $0 | -$4.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $329.8M | $264.32M | $239.74M | $406.2M | $633.41M | $854.76M | $738.62M | $644.66M | $839.74M | $655.74M | $715.47M | $930.44M | $1.03B | $1.19B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $207K | $1.3M | $508K | $814K | $323K | $0 | $0 | $969K |
| Short-Term Debt | $1M | $891K | $433K | $1.71M | $0 | $10.81M | $0 | $0 | $0 | $0 | $0 | $1.6M | $5.75M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$1.45M | -$860K | -$918K | -$2.27M | -$1.28M | -$11.72M | $0 | -$1.72M | -$1.66M | -$814K | $0 | $2.38M | $0 | $15.47M |
| Total Current Liabilities | $1M | $1.44M | $974K | $2.49M | $1.28M | $12.12M | $207K | $876K | $508K | $814K | $1.41M | $5.42M | $6.99M | $16.44M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $510K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $510K | $31K | $974K | $2.49M | $1.38M | $12.12M | $1.2M | $876K | $1.77M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | -$974K | -$2.49M | $0 | -$12.12M | -$1.2M | -$876K | -$508K | $936K | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.51M | $1.44M | $974K | $2.49M | $1.38M | $12.12M | $207K | $876K | $1.77M | $936K | $1.41M | $5.42M | $6.99M | $16.44M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $279.01M | $282.97M | $282.97M | $359.45M | $360.25M | $360.7M | $361.44M | $362.6M | $368.88M | $372.82M | $380.18M | $387.46M | $411.82M | $452.84M |
| Retained Earnings | $49.28M | -$20.09M | -$44.2M | $44.26M | $271.78M | $481.94M | $375.98M | $281.19M | $4.15M | $9.14M | $333.59M | $537.57M | $615.66M | $721.38M |
| Comprehensive Income & Other | $0 | $0 | $0 | $44.26M | $271.78M | $481.94M | $375.98M | $281.19M | $464.93M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $464.93M | $272.85M | $0 | $0 | $0 | $0 |
| Total Equity | $328.28M | $262.88M | $238.77M | $403.71M | $632.03M | $842.64M | $737.43M | $643.79M | $837.97M | $654.8M | $713.77M | $925.02M | $1.03B | $1.17B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $329.8M | $264.32M | $239.74M | $406.2M | $633.41M | $854.76M | $737.63M | $644.66M | $839.74M | $655.74M | $715.18M | $930.44M | $1.03B | $1.19B |
| Supplementary Data | ||||||||||||||
| Total Debt | $1M | $891K | $433K | $1.71M | $0 | $10.81M | $0 | $0 | $0 | $0 | $0 | $1.6M | $5.75M | $0 |
| Net Debt | $681K | -$1.35M | -$2.42M | $1.69M | -$4.85M | $8.33M | -$91K | -$38K | -$183K | -$13K | -$4.97M | -$3.46M | $5.75M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $76.89M | $27.04M | -$88.46M | -$184.33M | -$129.41M | $300.42M | $165.5M | -$116.33M | $245.65M | $6.96M | -$64.65M | $73.71M | -$45.14M | $181.5M |
| Depreciation & Amortization | $0 | $0 | $0 | $1.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$76.89M | -$27.04M | $88.46M | $182.74M | $129.41M | -$300.42M | -$165.5M | $116.33M | -$245.65M | -$6.96M | $64.65M | -$73.71M | $45.14M | -$181.5M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | -$2.87M | $2.36M | -$581K | -$56K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $4.85M | $2.48M | $3.07M | $3.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $1.98M | $4.85M | $2.48M | $3.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |