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Taiwanese maker of power transformers and electrical equipment for grids and data centers.
Taiwanese maker of power transformers and electrical equipment for grids and data centers.
Builds transformers and switchgear to utility and industrial specifications and delivers against an order book, so revenue follows order timing and factory capacity rather than steady monthly demand. Taipower, the state utility, is a long-standing buyer, and exports to the US are a growing part of the mix.
In one line: A small Taiwanese Hitachi Energy transformer supplier.
Moat: narrow (customer qualification, scale). Qualified transformer supplier benefiting from a global grid/AI-datacenter capacity crunch.
Headquarters: Taoyuan, Taiwan · Founded: 1975
Size Fortune Electric (1519.TW) is a Taiwan Industrials company (Electrical Products) with a market value of $4.75B, the 93rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$452.00 on 6 Nov 2026.
Performance Over six months the shares fell 49.5%, against -22.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 4.9% over the last twelve months (peer median +12.2%); the operating margin is 21.1% (peer median 9.7%).
Valuation It trades at 26.0× forward earnings against a peer median of 21.2× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 78.9 points above its cost of capital (8.1% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$24.1B | NT$24.4B | NT$20.2B | NT$13.9B | NT$7.75B |
| Revenue growth | — | +21% | +45% | +79% | — |
| Gross profit | NT$10.1B | NT$9.77B | NT$7.33B | NT$4.29B | NT$1.55B |
| EBITDA | NT$5.54B | NT$5.69B | NT$5.21B | NT$3.07B | NT$607M |
| Net income | NT$4.83B | NT$4.42B | NT$4.29B | NT$2.58B | NT$838M |
| Free cash flow | NT$5.54B | NT$4.71B | NT$2.96B | NT$4.14B | NT$698M |
| Capital expenditure | NT$1.57B | NT$1.27B | NT$513M | NT$184M | NT$175M |
| Total debt | NT$2.83B | NT$2.87B | NT$577M | NT$633M | NT$2.89B |
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 |
|---|---|---|---|---|---|---|
| Fortune Electric 1519.TW | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
| Shihlin Electric & Engineering 1503.TW | $2.51B | -20% | +8% | 12% | 18.9× | 11.5% |
| Chung-Hsin Electric & Machinery Manufacturing 1513.TW | $2.07B | -10% | +4% | 19% | 14.7× | -2.2% |
| Hyosung Heavy 298040.KS | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% |
| Hd Hyundai Electric 267260.KS | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% |
| Ls Electric 010120.KS | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% |
| Hammond Power Solutions HPS-A.TO | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% |
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 | 1519.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.6% | -12.9% | 2nd lowest of 21 |
| 6-month return | -49.5% | -22.6% | 2nd lowest of 20 |
| Distance from 52-week high | -59.5% | -39.9% | 4th lowest of 21 |
| Revenue growth (TTM) | +4.9% | +12.2% | 7th lowest of 20 |
| Operating margin | 21.1% | 9.7% | 2nd highest of 21 |
| Forward P/E | 26.0× | 21.2× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 16.1% | 11.6% | 6th most demanding of 13 |
| Growth delivered (Del g) | +23.6% | +12.8% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -7.5 pp | -4.0 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +78.9 pp | +0.5 pp | 2nd highest of 21 |
| EV / EBITDA | 27.5× | 17.7× | 2nd most expensive of 7 |
| Net debt / EBITDA | -0.9× | -0.2× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| CNGR Advanced Material 300919.SZ | China | $4.72B | -48% | +46% | 7% | 12.6× | n/a | n/a |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| 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 |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| 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 |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |