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Diversified Taiwanese electronics maker: power supplies, optoelectronics, connectors and cloud IT infrastructure.
Diversified Taiwanese electronics maker: power supplies, optoelectronics, connectors and cloud IT infrastructure.
Sells components to PC, server and consumer brands, paid per unit and kept in their product cycles by long qualification. Power supplies carry the group. Its roots are in PC parts, and it has leaned toward power, automotive and cloud hardware over time.
In one line: Taiwan's Vishay/Molex, combined.
Moat: narrow (scale, process know-how). Broad component scale and long OEM qualification; individual product lines are competitive/commodity.
Headquarters: Taipei, Taiwan · Founded: 1975 · Employees: 36,153
Size Lite-on Technology (2301.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $13.2B, the 44th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$198.00 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against +4.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue grew 23.6% over the last twelve months (peer median +7.8%); the operating margin is 12.9% (peer median 10.6%).
Valuation It trades at 13.8× forward earnings against a peer median of 16.8× (8th cheapest of 16).
Capital Return on invested capital runs 21.0 points above its cost of capital (7.4% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$198B | NT$166B | NT$137B | NT$148B | NT$173B |
| Revenue growth | — | +21% | -8% | -14% | — |
| Gross profit | NT$46.8B | NT$36.5B | NT$28.0B | NT$31.2B | NT$32.0B |
| EBITDA | NT$30.0B | NT$20.4B | NT$17.0B | NT$18.8B | NT$19.6B |
| Net income | NT$22.2B | NT$15.1B | NT$11.9B | NT$14.6B | NT$14.2B |
| Free cash flow | -NT$7.88B | NT$7.87B | NT$6.89B | NT$19.9B | NT$19.9B |
| Capital expenditure | NT$15.3B | NT$7.23B | NT$4.50B | NT$3.81B | NT$4.41B |
| Total debt | NT$48.2B | NT$24.3B | NT$34.4B | NT$26.8B | NT$36.7B |
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 |
|---|---|---|---|---|---|---|
| Lite-on Technology 2301.TW | $13.2B | +16% | +24% | 13% | 13.8× | n/a |
| Delta Electronic 2308.TW | $82.9B | -51% | +38% | 17% | 19.0× | 18.5% |
| Ennostar 3714.TW | $2.23B | -23% | -5% | -13% | n/a | n/a |
| AcBel Polytech 6282.TW | $838M | -35% | +14% | 3% | 22.5× | 15.7% |
| Everlight Electronics 2393.TW | $807M | -17% | -3% | 10% | 13.3× | -11.7% |
| FSP Technology 3015.TW | n/a | -18% | n/a | n/a | n/a | 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 | 2301.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.6% | -19.9% | 2nd lowest of 19 |
| 6-month return | +15.8% | +4.4% | 8th highest of 19 |
| Distance from 52-week high | -39.6% | -29.9% | 7th lowest of 19 |
| Revenue growth (TTM) | +23.6% | +7.8% | 6th highest of 19 |
| Operating margin | 12.9% | 10.6% | 7th highest of 19 |
| Forward P/E | 13.8× | 16.8× | 8th cheapest of 16 |
| ROIC minus cost of capital | +21.0 pp | +5.7 pp | 3rd highest of 18 |
| EV / EBITDA | 13.7× | 12.2× | 4th most expensive of 11 |
| Net debt / EBITDA | -0.9× | -0.9× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Jentech Precision Industrial 3653.TW | Taiwan | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% | +24.3% |
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | n/a | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% | +7.2% |
| Canon 7751.T | Japan | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% | +7.9% |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 29.2× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |
| Everpure P | United States | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% | +16.8% |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% | +7.2% |
| NetApp NTAP | United States | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% | +3.8% |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |