Who are Techwing's main competitors?

Named competitors: Cohu (COHU), Advantest (6857.T), ASMPT (0522.HK), Chroma ATE (2360.TW). The cockpit's measured peer set (industry) also includes Eastman Kodak (KODK), Shibaura Mechatronics (6590.T), AIMECHATEC (6227.T), Ichor (ICHR), Ultra Clean (UCTT), EO Technics (039030.KS).

Is Techwing expensive compared with its peers?

On forward p/e it trades at 15.8× against a peer median of 10.7×, 2nd most expensive of 7 in its peer set.

How has Techwing stock performed?

Over six months to 6 Nov 2026 the shares returned -50.7% against -45.0% for the median peer; over one year -57.6%.

← CockpitCompetitor Analysis › 089030.KS TechwingOpen in the cockpit ↗

Techwing089030.KSCompetitor analysis, valuation and peers

South Korea · KRW·Information Technology›Industrial Machinery

Korean maker of memory semiconductor test handlers, the machines that sort and load chips for final testing.

≈ A small, memory-focused Korean Cohu — the world leader in memory test handlers.Momentum laggard 7

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$737M

US dollars, full cap

Free float

72%

of shares outstanding

$/day

$18.4M

20-day average traded

Fwd P/E

15.8×

forward earnings

ROIC−WACC

-1.8 pp

WACC 7.0%

Hurdle

n/a

no reverse DCF

Next earnings

136 days

22 Mar 2027

Close · KRW₩28,250

1D-9.6%

1W-23.9%

1M-47.4%

3M-41.3%

6M-50.7%

YTD-38.3%

1Y-57.6%

ATR %11.3%

52w lowhigh61.8% off high

What Techwing does

Korean maker of memory semiconductor test handlers, the machines that sort and load chips for final testing.

Sells handlers, machines that move chips through final testing, to a short list of memory makers and test-service firms, so orders follow when SK hynix and Samsung add or upgrade test capacity. Once a handler is qualified on a customer's line, spare parts and upgrades follow.

In one line: A small, memory-focused Korean Cohu — the world leader in memory test handlers..

Products and services

Memory test handlers
Logic/SoC test handlers
Wafer probing systems
Burn-in chambers/sorters

Customers

SK hynix
Samsung Electronics
other memory makers/OSAT firms

Where it sits in the supply chain

Semiconductors
Wafer-fab back-end / test equipment
Memory/SoC test handlers, wafer…

What could go right

HBM/AI memory test-capacity ramp
Memory capex upcycle

What could go wrong

Customer concentration
Memory capex cyclicality

Moat: narrow (installed base, process know-how, customer qualification). Leading global share in memory test handlers, a qualified, sticky tool at Korean memory makers.

Headquarters: Hwaseong, South Korea · Founded: 2002 · Employees: 589

Named competitors

Cohu COHU
Advantest 6857.T
ASMPT 0522.HK
Chroma ATE 2360.TW

Techwing at a glance

Size Techwing (089030.KS) is a South Korea Information Technology company (Industrial Machinery) with a market value of $737M, the 278th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩28,250 on 6 Nov 2026.

Performance Over six months the shares fell 50.7%, against -45.0% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 7 in its peer set.

Growth Revenue grew 3.9% over the last twelve months (peer median +15.5%); the operating margin is 18.1% (peer median 10.3%).

Valuation It trades at 15.8× forward earnings against a peer median of 10.7× (2nd most expensive of 7).

Capital Return on invested capital runs 1.8 points below its cost of capital (7.0% WACC).

Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Techwing against the median of its 6 peers (local-currency closes).

Techwing financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₩185B	₩159B	₩186B	₩134B	₩267B
Revenue growth	—	-14%	+39%	-50%	—
Gross profit	₩74.6B	₩64.0B	₩66.6B	₩45.7B	₩105B
EBITDA	₩48.1B	₩32.3B	₩35.7B	₩13.4B	₩66.2B
Net income	-₩11.7B	₩9.40B	-₩20.9B	-₩9.31B	₩32.6B
Free cash flow	-₩28.2B	-₩43.4B	-₩19.5B	-₩23.7B	₩58.6B
Capital expenditure	₩35.7B	₩30.9B	₩54.0B	₩53.2B	₩14.2B
Total debt	₩340B	₩376B	₩253B	₩232B	₩197B

Quarterly statements and history in the cockpit →

Techwing competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Techwing is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Techwing is the large dot.

Techwing competitors and peer comparison

Head to head with its named competitors (089030.KS vs COHU vs 6857.T vs 0522.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Techwing 089030.KS	$737M	-51%	+4%	18%	15.8×	n/a
Cohu COHU	$1.82B	-22%	+34%	-2%	19.3×	21.5%
Advantest 6857.T	$124B	-1%	+48%	50%	27.5×	36.4%
Asmpt 0522.HK	$5.02B	-47%	+21%	9%	20.4×	12.1%
Chroma Ate 2360.TW	$15.4B	-46%	+101%	39%	18.5×	19.3%

How Techwing compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Techwing against its 6 peers (data as of 6 Nov 2026)
Measure	089030.KS	Peer median	Rank in peer set
1-month return	-47.4%	-45.6%	2nd lowest of 7
6-month return	-50.7%	-45.0%	3rd lowest of 7
Distance from 52-week high	-61.8%	-59.7%	4th highest of 7
Revenue growth (TTM)	+3.9%	+15.5%	2nd lowest of 7
Operating margin	18.1%	10.3%	2nd highest of 7
Forward P/E	15.8×	10.7×	2nd most expensive of 7
ROIC minus cost of capital	-1.8 pp	+1.8 pp	4th highest of 7
EV / EBITDA	26.5×	12.8×	2nd most expensive of 7
Net debt / EBITDA	5.7×	-0.9×	most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Techwing 089030.KS	South Korea	$737M	-51%	+4%	18%	15.8×	n/a	n/a
Eastman Kodak KODK	United States	$786M	-30%	+9%	4%	11.1×	-14.7%	+0.8%
Shibaura Mechatronics 6590.T	Japan	$1.03B	-51%	+1%	16%	10.3×	n/a	n/a
AIMECHATEC 6227.T	Japan	$481M	-36%	+68%	16%	11.8×	13.0%	+17.0%
Ichor ICHR	United States	$1.16B	-58%	+15%	3%	9.9×	n/a	n/a
Ultra Clean UCTT	United States	$1.97B	-53%	+16%	4%	7.2×	n/a	n/a
EO Technics 039030.KS	South Korea	$2.53B	-39%	+26%	25%	29.9×	18.0%	+3.2%

Questions

Who are Techwing's main competitors?: Named competitors: Cohu (COHU), Advantest (6857.T), ASMPT (0522.HK), Chroma ATE (2360.TW). The cockpit's measured peer set (industry) also includes Eastman Kodak (KODK), Shibaura Mechatronics (6590.T), AIMECHATEC (6227.T), Ichor (ICHR), Ultra Clean (UCTT), EO Technics (039030.KS).
Is Techwing expensive compared with its peers?: On forward p/e it trades at 15.8× against a peer median of 10.7×, 2nd most expensive of 7 in its peer set.
How has Techwing stock performed?: Over six months to 6 Nov 2026 the shares returned -50.7% against -45.0% for the median peer; over one year -57.6%.