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← CockpitCompetitor Analysis › 2323.TW Cmc Magnetics CorporationOpen in the cockpit ↗

Cmc Magnetics Corporation2323.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Equipment/Instruments
Momentum strong 61
Mkt cap
$287M
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$3.48M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.4 pp
WACC 5.0%
Hurdle
+19 pp
Req g minus delivered
Close · TWDNT$9.68
1D-6.0%
1W-15.5%
1M-10.4%
3M-6.0%
6M-5.6%
YTD-10.4%
1Y+4.7%
ATR %5.3%
52w lowhigh26.1% off high

What Cmc Magnetics does

Employees: 485

Cmc Magnetics at a glance

Size Cmc Magnetics (2323.TW) is a Taiwan Information Technology company (Electronic Equipment/Instruments) with a market value of $287M, the 666th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$9.68 on 6 Nov 2026.

Performance Over six months the shares fell 5.6%, against -26.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 6.8% over the last twelve months (peer median -5.0%); the operating margin is 1.5% (peer median 3.5%).

Valuation It trades at 0.6× enterprise value to sales against a peer median of 3.6× (cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.4 points below its cost of capital (5.0% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20262323.TW 95Peer median 73
Six months, rebased to 100: Cmc Magnetics against the median of its 20 peers (local-currency closes).

Cmc Magnetics financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$7.73BNT$7.18BNT$7.44BNT$7.38BNT$7.69B
Revenue growth—-3%+1%-4%—
Gross profitNT$1.80BNT$1.60BNT$1.41BNT$1.46BNT$1.23B
EBITDANT$318MNT$163MNT$89.6MNT$155MNT$95.0M
Net incomeNT$3.30BNT$1.73B-NT$290MNT$1.75B-NT$1.08B
Free cash flowNT$182MNT$523MNT$244MNT$2.11B-NT$61.9M
Capital expenditureNT$112MNT$137MNT$145MNT$162MNT$183M
Total debtNT$8.42BNT$7.00BNT$6.33BNT$4.77BNT$5.01B

Quarterly statements and history in the cockpit →

Cmc Magnetics 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

-40%-20%0%+20%-40%-30%-20%-10%3455002857JDG619230135368814830016530081306429067423001123002752235688367GENO60056077156880562535903000252323.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Cmc Magnetics is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%2×4×6×3455002857JDG619230135368814830016530081306429067423001123002752235688367GENO60056077156880562535903000252323.TWRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cmc Magnetics is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%-25%0%25%50%JDG619230016567423002752235688367GENO77156880563000252323.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Cmc Magnetics is the large dot.

Cmc Magnetics competitors and peer comparison

How Cmc Magnetics 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.

Cmc Magnetics against its 20 peers (data as of 6 Nov 2026)
Measure2323.TWPeer medianRank in peer set
1-month return-10.4%-17.0%8th highest of 21
6-month return-5.6%-26.7%5th highest of 21
Distance from 52-week high-26.1%-44.5%4th highest of 21
Revenue growth (TTM)+6.8%-5.0%7th highest of 21
Operating margin1.5%3.5%8th lowest of 21
EV / Sales0.6×3.6×cheapest of 21
Growth the price implies (Req g, 7 yrs)13.4%7.8%6th most demanding of 12
Growth delivered (Del g)-5.2%+8.4%3rd lowest of 12
Hurdle (Req g minus delivered)+18.7 pp+15.8 pp5th most demanding of 12
ROIC minus cost of capital-4.4 pp-5.9 pp9th highest of 21
Net debt / EBITDA-15.7×-0.0×2nd least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Cmc Magnetics 2323.TWTaiwan$287M-6%+7%2%0.6×13.4%-5.2%
UTECHZONE 3455.TWOTaiwan$297M-43%-23%2%6.9×n/an/a
Sms Electric 002857.SZChina$303M-31%-48%-20%4.0×n/an/a
Judges Scientific JDG.LUnited Kingdom$305M-33%-8%3%2.1×31.1%+12.8%
Lumax International 6192.TWTaiwan$311M-12%-4%16%0.8×-20.6%+4.4%
Zhejiang Prulde Electric Appliance 301353.SZChina$312M-26%+20%7%1.5×n/an/a
Guangdong Fangyuan New Materials 688148.SSChina$328M-59%+27%0%1.5×n/an/a
Jiangsu Skyray Instrument 300165.SZChina$340M-38%-8%-16%5.2×7.8%-8.0%
ZheJiang Tailin Bioengineering 300813.SZChina$340M-27%+6%2%5.6×n/an/a
INTEKPLUS 064290.KSSouth Korea$347M+18%-12%-11%6.8×n/an/a
Kyosan Electric Manufacturing 6742.TJapan$350M+26%+9%7%0.8×2.0%+8.4%
Shenzhen Maxonic Automation Control 300112.SZChina$350M-13%-6%-2%2.2×n/an/a
Chongqing MAS Science & Technology 300275.SZChina$351M-28%-13%6%5.5×35.3%+9.0%
MicroTech Medical (Hangzhou) 2235.HKHong Kong$354M-15%+95%8%1.2×3.5%+53.2%
Hefei Gocom Information Technology 688367.SSChina$357M-33%-10%-1%10.6×55.8%-1.3%
General Oceans GENO.OLNorway$359M-32%+34%13%2.2×-1.9%+34.3%
Beijing AriTime Intelligent Control 600560.SSChina$359M-26%+33%4%3.1×n/an/a
Nagano Keiki 7715.TJapan$364M+1%+2%11%0.8×-0.4%+8.6%
Beijing Labtech Instruments 688056.SSChina$368M-1%0%5%4.9×34.7%+2.8%
NEOSEM 253590.KSSouth Korea$369M-37%-31%5%7.0×n/an/a
Hangzhou Huaxing Chuangye Communication Technology 300025.SZChina$373M-15%-16%-24%4.6×36.0%-6.5%

Questions

Which companies are Cmc Magnetics's closest peers?
The cockpit's peer set: UTECHZONE (3455.TWO), Sms Electric (002857.SZ), Judges Scientific (JDG.L), Lumax International (6192.TW), Zhejiang Prulde Electric Appliance (301353.SZ), Guangdong Fangyuan New Materials (688148.SS), Jiangsu Skyray Instrument (300165.SZ), ZheJiang Tailin Bioengineering (300813.SZ).
Is Cmc Magnetics expensive compared with its peers?
On ev / sales it trades at 0.6× against a peer median of 3.6×, cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Cmc Magnetics stock performed?
Over six months to 6 Nov 2026 the shares returned -5.6% against -26.7% for the median peer; over one year +4.7%.

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.