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Taiwanese maker of electric motors, transformers, appliances and industrial automation equipment.
Taiwanese maker of electric motors, transformers, appliances and industrial automation equipment.
Mixes industrial products sold to equipment and project customers, such as motors, transformers and automation, with appliances sold to Taiwanese households through dealers. Its US motor operation sells under the Teco-Westinghouse name, which carries the business outside Taiwan.
In one line: A smaller Emerson Electric.
Moat: narrow (scale, installed base). Long-established motor/transformer manufacturer with diversified industrial customer base.
Headquarters: Taipei, Taiwan · Founded: 1956 · Employees: 12,858
Size Teco Electric & Machinery (1504.TW) is a Taiwan Industrials company (Electrical Products) with a market value of $4.23B, the 100th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$59.70 on 6 Nov 2026.
Performance Over six months the shares fell 12.8%, against -21.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +12.2%); the operating margin is 9.1% (peer median 9.0%).
Valuation It trades at 19.5× forward earnings against a peer median of 24.5× (6th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.4 points below its cost of capital (5.7% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$60.7B | NT$59.1B | NT$55.2B | NT$59.4B | NT$58.3B |
| Revenue growth | — | +7% | -7% | +2% | — |
| Gross profit | NT$14.6B | NT$14.1B | NT$14.1B | NT$14.9B | NT$13.2B |
| EBITDA | NT$7.91B | NT$7.54B | NT$8.28B | NT$8.65B | NT$6.88B |
| Net income | NT$6.47B | NT$5.24B | NT$5.77B | NT$5.83B | NT$3.46B |
| Free cash flow | NT$3.76B | NT$2.62B | NT$4.01B | NT$5.65B | NT$4.84B |
| Capital expenditure | NT$1.67B | NT$1.37B | NT$1.69B | NT$2.01B | NT$3.05B |
| Total debt | NT$21.9B | NT$22.9B | NT$18.6B | NT$16.3B | NT$16.3B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Teco Electric & Machinery 1504.TW | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% |
| Yaskawa Electric 6506.T | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Fortune Electric 1519.TW | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
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.
| Measure | 1504.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -13.5% | 11th highest of 21 |
| 6-month return | -12.8% | -21.5% | 8th highest of 19 |
| Distance from 52-week high | -50.9% | -47.1% | 9th lowest of 21 |
| Revenue growth (TTM) | +8.0% | +12.2% | 8th lowest of 20 |
| Operating margin | 9.1% | 9.0% | 10th highest of 21 |
| Forward P/E | 19.5× | 24.5× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 9.3% | 20.7% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +5.2% | +16.3% | lowest of 8 |
| Hurdle (Req g minus delivered) | +4.1 pp | -5.1 pp | 3rd most demanding of 8 |
| ROIC minus cost of capital | -1.4 pp | -0.4 pp | 10th lowest of 21 |
| EV / EBITDA | 17.7× | 27.5× | cheapest of 6 |
| Net debt / EBITDA | -0.9× | -0.6× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| CNGR Advanced Material 2579.HK | Hong Kong | $4.48B | -58% | +53% | 7% | 5.6× | n/a | n/a |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |