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World's largest maker of precision ball-bearing slide rails, now dominant in server/AI-rack rails as well as furniture and notebook slides.
World's largest maker of precision ball-bearing slide rails, now dominant in server/AI-rack rails as well as furniture and notebook slides.
Sells slide rails, the sliding rails that let servers be pulled out of a rack, in sets designed into each rack model, so volume follows server and rack shipments for cloud and AI data centres. Furniture drawer slides and notebook slides are its older lines.
In one line: A niche precision-hardware maker with no close US-listed peer.
Moat: wide (customer qualification, switching costs, scale). Roughly 70-80%+ share of the AI-server rail market; once qualified into a server design, hard to displace mid-program.
Headquarters: Kaohsiung, Taiwan · Founded: 1988
Size King Slide Works (2059.TW) is a Taiwan Consumer Discretionary company (Metal Fabrication) with a market value of $21.8B, the 26th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$7,565 on 6 Nov 2026.
Performance Over six months the shares gained 82.7%, against +0.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 84.7% over the last twelve months (peer median -0.7%); the operating margin is 74.0% (peer median 9.2%).
Valuation It trades at 15.9× forward earnings against a peer median of 13.1× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is -7 pp: the price already allows for a slowdown.
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$25.6B | NT$17.5B | NT$10.1B | NT$5.76B | NT$7.80B |
| Revenue growth | — | +73% | +76% | -26% | — |
| Gross profit | NT$20.7B | NT$13.3B | NT$6.95B | NT$3.48B | NT$4.42B |
| EBITDA | NT$19.3B | NT$12.4B | NT$6.43B | NT$3.16B | NT$3.98B |
| Net income | NT$17.3B | NT$9.84B | NT$6.16B | NT$2.70B | NT$4.06B |
| Free cash flow | NT$11.4B | NT$10.3B | NT$4.76B | NT$2.95B | NT$3.17B |
| Capital expenditure | NT$1.16B | NT$928M | NT$355M | NT$378M | NT$825M |
| Total debt | NT$2.14B | NT$2.13B | NT$2.27B | NT$2.31B | NT$1.88B |
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 |
|---|---|---|---|---|---|---|
| King Slide Works 2059.TW | $21.8B | +83% | +85% | 74% | 15.9× | 22.3% |
| Nan Juen International 6584.TWO | $633M | -59% | +44% | 27% | 15.9× | n/a |
| Fositek 6805.TW | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2059.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.4% | -2.1% | lowest of 21 |
| 6-month return | +82.7% | +0.6% | highest of 21 |
| Distance from 52-week high | -49.9% | -23.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +84.7% | -0.7% | highest of 21 |
| Operating margin | 74.0% | 9.2% | highest of 21 |
| Forward P/E | 15.9× | 13.1× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 22.3% | -1.0% | 2nd most demanding of 18 |
| Growth delivered (Del g) | +29.5% | +7.6% | highest of 18 |
| Hurdle (Req g minus delivered) | -7.2 pp | -9.8 pp | 6th most demanding of 18 |
| EV / EBITDA | 35.9× | 9.6× | most expensive of 18 |
| Net debt / EBITDA | -1.4× | 0.1× | 3rd least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| King Slide Works 2059.TW | Taiwan | $21.8B | +83% | +85% | 74% | 15.9× | 22.3% | +29.5% |
| Taiwan Mobile 3045.TW | Taiwan | $12.2B | +20% | +2% | 11% | 24.5× | 2.2% | +8.4% |
| Nien Made Enterprise 8464.TW | Taiwan | $3.08B | +1% | +4% | 35% | 13.3× | -8.3% | +4.2% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Eclat Textile 1476.TW | Taiwan | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% | +6.2% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Feng Tay Enterprise 9910.TW | Taiwan | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% | +3.9% |
| momo.com 8454.TW | Taiwan | $1.79B | +25% | +1% | 3% | 20.8× | 1.9% | +10.1% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 6.9× | 48.3% | -2.4% |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| Sanyang Motor 2206.TW | Taiwan | $1.43B | +8% | -3% | 8% | n/a | 1.2% | +9.0% |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | n/a | n/a | n/a |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| Giant Manufacturing 9921.TW | Taiwan | $1.06B | +29% | -15% | 2% | 18.1× | 1.3% | -3.0% |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |