Taiwanese maker of fiberglass materials used to reinforce copper-clad laminates for printed circuit boards.
Taiwanese maker of fiberglass materials used to reinforce copper-clad laminates for printed circuit boards.
Moat: narrow (process know-how). Specialized glass-fiber weaving process feeding into the PCB substrate supply chain.
Headquarters: Taiwan
Size Fulltech Fiber Glass (1815.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $2.18B, the 160th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$117.50 on 6 Nov 2026.
Performance Over six months the shares gained 6.3%, against -25.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 48.5% over the last twelve months (peer median +23.9%); the operating margin is 26.1% (peer median 9.8%).
Valuation It trades at 21.6× forward earnings against a peer median of 28.6× (7th cheapest of 19).
Capital Return on invested capital runs 4.4 points above its cost of capital (7.6% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$8.36B | NT$5.97B | NT$4.25B | NT$3.20B | NT$4.65B |
| Revenue growth | — | +41% | +33% | -31% | — |
| Gross profit | NT$4.15B | NT$1.59B | NT$568M | -NT$52.6M | NT$801M |
| EBITDA | n/a | NT$1.86B | NT$806M | NT$183M | NT$970M |
| Net income | NT$2.52B | NT$857M | NT$62.9M | -NT$651M | NT$31.5M |
| Free cash flow | n/a | -NT$1.70B | -NT$1.01B | -NT$546M | NT$1.24B |
| Capital expenditure | n/a | NT$2.40B | NT$1.28B | NT$423M | NT$321M |
| Total debt | n/a | NT$4.52B | NT$6.23B | NT$6.19B | NT$5.84B |
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 |
|---|---|---|---|---|---|---|
| Fulltech Fiber Glass 1815.TWO | $2.18B | +6% | +49% | 26% | 21.6× | n/a |
| Eternal Materials 1717.TW | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% |
| Nitto Boseki 3110.T | $2.85B | -58% | +12% | 20% | 19.3× | n/a |
| Grace Fabric Technology 603256.SS | $10.6B | -36% | +115% | 44% | 57.2× | n/a |
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 | 1815.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.6% | -18.7% | 6th highest of 21 |
| 6-month return | +6.3% | -25.6% | highest of 21 |
| Distance from 52-week high | -27.2% | -55.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +48.5% | +23.9% | 5th highest of 21 |
| Operating margin | 26.1% | 9.8% | 5th highest of 21 |
| Forward P/E | 21.6× | 28.6× | 7th cheapest of 19 |
| ROIC minus cost of capital | +4.4 pp | -3.4 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fulltech Fiber Glass 1815.TWO | Taiwan | $2.18B | +6% | +49% | 26% | 21.6× | n/a | n/a |
| Shenglan Technology 300843.SZ | China | $2.16B | +2% | +45% | 8% | 66.5× | n/a | n/a |
| Fujian Torch Electron Technology 603678.SS | China | $2.16B | -7% | +82% | 4% | 26.2× | n/a | n/a |
| Electric Connector Technology 300679.SZ | China | $2.14B | -24% | 0% | 4% | 25.1× | 27.9% | +15.8% |
| Hefei Meyer Optoelectronic Technology 002690.SZ | China | $2.25B | -3% | +3% | 31% | 18.5× | 9.2% | +10.0% |
| Xiamen Hengkun New Material Technology 688727.SS | China | $2.28B | -33% | +20% | 9% | n/a | n/a | n/a |
| Dongguan Dingtong Precision Metal 688668.SS | China | $2.09B | -55% | +33% | 16% | 29.5× | n/a | n/a |
| Jenoptik JEN.DE | Germany | $2.30B | -21% | -2% | 12% | 18.6× | 10.3% | +11.2% |
| Meiko Electronics 6787.T | Japan | $2.07B | -27% | +22% | 10% | 10.7× | n/a | n/a |
| Xiamen Leading Optics 605118.SS | China | $2.05B | -31% | +32% | 34% | n/a | 20.4% | +14.8% |
| Wuhu Token Science 300088.SZ | China | $2.03B | -18% | -15% | 0% | 31.7× | n/a | n/a |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |