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Hon Hai Precision Industry2317.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Peripherals

World's largest electronics contract manufacturer (Foxconn); assembles iPhones, servers and EVs for global brands.

≈ The world's largest EMS, akin to a giant Jabil/FlexMomentum neutral 56
Competitor Analysis ▸ ChartsOpen in the cockpitBonds & Credit
Mkt cap
$95.6B
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$329M
20-day average traded
Fwd P/E
10.5×
forward earnings
ROIC−WACC
+6.1 pp
WACC 6.1%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · TWDNT$224.50
1D-4.5%
1W-8.6%
1M-11.6%
3M-10.2%
6M-3.5%
YTD+0.3%
1Y-3.3%
ATR %3.5%
52w lowhigh26.4% off high

What Hon Hai Precision Industry does

World's largest electronics contract manufacturer (Foxconn); assembles iPhones, servers and EVs for global brands.

Assembles other companies' products for a thin margin per unit across very large volumes, so scale and customer relationships matter more than its own brand. Cloud and networking, mainly AI servers, now rival consumer electronics, led by Apple's iPhone, as its largest category. Its Shanghai-listed unit, Foxconn Industrial Internet, is a subsidiary.

In one line: The world's largest EMS, akin to a giant Jabil/Flex.

Products and services

  • Smartphone assembly (Apple iPhone)
  • AI server/data-center hardware
  • EV components & contract manufacturing
  • Consumer electronics/components

Customers

  • Apple
  • Nvidia/AI server OEMs
  • Cloud hyperscalers

Where it sits in the supply chain

  • Information technology
  • Electronics manufacturing services…
  • Contract assembly: smartphones…

What could go right

  • AI server demand
  • EV manufacturing partnerships

What could go wrong

  • Apple order concentration
  • Thin EMS margins, China/US trade friction

Moat: narrow (scale, switching costs, installed base). Unmatched assembly scale and Apple/AI-server relationships built over decades.

Headquarters: New Taipei City, Taiwan · Founded: 1974

Named competitors

Hon Hai Precision Industry at a glance

Size Hon Hai Precision Industry (2317.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $95.6B, the 3rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$224.50 on 6 Nov 2026.

Performance Over six months the shares fell 3.5%, against +18.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th lowest of 8 in its peer set.

Growth Revenue grew 25.4% over the last twelve months (peer median +27.2%); the operating margin is 3.5% (peer median 40.5%).

Valuation It trades at 10.5× forward earnings against a peer median of 12.2× (4th cheapest of 8).

Capital Return on invested capital runs 6.1 points above its cost of capital (6.1% WACC).

Credit Hon Hai Precision Industry has 1 bond outstanding ($700M).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026Peer median 1112317.TW 92
Six months, rebased to 100: Hon Hai Precision Industry against the median of its 7 peers (local-currency closes).

Hon Hai Precision Industry financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$9.31TNT$8.10TNT$6.86TNT$6.16TNT$6.63T
Revenue growth—+18%+11%-7%—
Gross profitNT$570BNT$498BNT$429BNT$388BNT$400B
EBITDANT$434BNT$356BNT$288BNT$250BNT$249B
Net incomeNT$213BNT$189BNT$153BNT$142BNT$141B
Free cash flow-NT$27.5BNT$75.5BNT$58.2BNT$360BNT$34.4B
Capital expenditureNT$198BNT$187BNT$150BNT$122BNT$105B
Total debtNT$1.35TNT$1.29TNT$962BNT$943BNT$975B

Quarterly statements and history in the cockpit →

Hon Hai Precision Industry competitor charts

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.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-40%-20%0%WDCSTXSNDKANETNTAPP77512317.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Hon Hai Precision Industry is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%10×20×30×WDCSTXSNDKANETNTAPP77512317.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hon Hai Precision Industry is the large dot.

Hon Hai Precision Industry competitors and peer comparison

Head to head with its named competitors (2317.TW vs 4938.TW vs 3231.TW vs 2382.TW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Hon Hai Precision Industry 2317.TW$95.6B-3%+25%4%10.5×n/a
Pegatron 4938.TW$7.52B+14%-6%1%13.1×n/a
Wistron 3231.TW$16.3B+13%+107%4%8.1×n/a
Quanta Computer 2382.TW$36.0B-10%+63%3%10.1×n/a
Luxshare Precision Industry 002475.SZ$57.7B-25%+27%4%18.9×n/a
Jabil JBL$24.6B-33%+21%5%13.5×8.3%

How Hon Hai Precision Industry compares with its peers

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.

Hon Hai Precision Industry against its 7 peers (data as of 6 Nov 2026)
Measure2317.TWPeer medianRank in peer set
1-month return-11.6%-32.9%2nd highest of 8
6-month return-3.5%+18.1%4th lowest of 8
Distance from 52-week high-26.4%-38.6%3rd highest of 8
Revenue growth (TTM)+25.4%+27.2%4th lowest of 8
Operating margin3.5%40.5%lowest of 8
Forward P/E10.5×12.2×4th cheapest of 8
ROIC minus cost of capital+6.1 pp+56.6 pp2nd lowest of 7
Net debt / EBITDA-0.4×-0.2×4th least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hon Hai Precision Industry 2317.TWTaiwan$95.6B-3%+25%4%10.5×n/an/a
Western Digital WDCUnited States$98.7B-45%+21%41%9.2×20.7%-5.3%
Seagate Technology STXUnited States$106B-41%+44%40%9.8×22.1%+2.7%
Sandisk SNDKUnited States$119B-47%+272%73%3.4×3.5%+49.3%
Arista Networks ANETUnited States$215B+20%+41%44%30.4×29.8%+31.2%
NetApp NTAPUnited States$33.2B+43%+12%26%17.0×15.2%+3.8%
Everpure PUnited States$32.2B+24%+27%5%29.6×58.7%+16.8%
Canon 7751.TJapan$28.4B+18%+4%10%12.2×-0.6%+7.9%

Hon Hai Precision Industry bonds and credit

Hon Hai Precision Industry has 1 bond outstanding with $700M face value.

Every bond, yield and spread in the cockpit →

Questions

Who are Hon Hai Precision Industry's main competitors?
Named competitors: Pegatron (4938.TW), Wistron (3231.TW), Quanta Computer (2382.TW), Luxshare Precision (002475.SZ), Jabil (JBL). The cockpit's measured peer set (industry) also includes Western Digital (WDC), Seagate Technology (STX), Sandisk (SNDK), Arista Networks (ANET), NetApp (NTAP), Everpure (P).
Is Hon Hai Precision Industry expensive compared with its peers?
On forward p/e it trades at 10.5× against a peer median of 12.2×, 4th cheapest of 8 in its peer set.
How has Hon Hai Precision Industry stock performed?
Over six months to 6 Nov 2026 the shares returned -3.5% against +18.1% for the median peer; over one year -3.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.