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Taiwanese ODM electronics maker (spun off from BenQ) producing displays, medical devices and networking/communication equipment for other brands.
Taiwanese ODM electronics maker (spun off from BenQ) producing displays, medical devices and networking/communication equipment for other brands.
Builds products to other brands' designs and is paid per unit, so earnings follow customers' order volumes and its ability to hold down production costs rather than any brand of its own. Displays and medical devices carry the business, with networking equipment alongside.
In one line: A contract design-and-manufacture partner behind other companies' branded electronics.
Moat: none (scale, process know-how). Contract manufacturer competing on cost, scale and engineering service rather than owning end-brands.
Headquarters: Taoyuan, Taiwan · Founded: 1984 · Employees: 29,695
Size Qisda (2352.TW) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $1.28B, the 228th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$26.70 on 6 Nov 2026.
Performance Over six months the shares gained 7.0%, against -19.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 18 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +12.7%); the operating margin is 1.4% (peer median 7.2%).
Valuation It trades at 24.3× forward earnings against a peer median of 17.9× (4th most expensive of 12).
Capital Return on invested capital runs 3.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$209B | NT$208B | NT$202B | NT$204B | NT$240B |
| Revenue growth | — | +3% | -1% | -15% | — |
| Gross profit | NT$32.4B | NT$31.9B | NT$30.5B | NT$30.6B | NT$32.2B |
| EBITDA | NT$9.37B | NT$9.67B | NT$10.5B | NT$10.7B | NT$11.2B |
| Net income | NT$1.21B | NT$1.14B | NT$2.16B | NT$2.98B | NT$8.25B |
| Free cash flow | -NT$645M | NT$3.73B | -NT$2.14B | NT$8.86B | -NT$7.69B |
| Capital expenditure | NT$5.20B | NT$5.79B | NT$5.78B | NT$5.34B | NT$7.00B |
| Total debt | NT$95.4B | NT$83.9B | NT$79.4B | NT$66.9B | NT$65.4B |
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 |
|---|---|---|---|---|---|---|
| Qisda 2352.TW | $1.28B | +7% | 0% | 1% | 24.3× | n/a |
| Compal Electronics 2324.TW | $4.15B | +8% | -4% | 1% | 12.9× | n/a |
| Wistron 3231.TW | $16.3B | +13% | +107% | 4% | 8.1× | n/a |
| Pegatron 4938.TW | $7.52B | +14% | -6% | 1% | 13.1× | 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 | 2352.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | -1.7% | 10th lowest of 21 |
| 6-month return | +7.0% | -19.0% | 5th highest of 18 |
| Distance from 52-week high | -26.4% | -44.1% | 7th highest of 21 |
| Revenue growth (TTM) | +0.4% | +12.7% | 5th lowest of 17 |
| Operating margin | 1.4% | 7.2% | 6th lowest of 20 |
| Forward P/E | 24.3× | 17.9× | 4th most expensive of 12 |
| ROIC minus cost of capital | -3.6 pp | +1.4 pp | 9th lowest of 21 |
| Net debt / EBITDA | 6.2× | -0.2× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| Pasqal PSQL | United States | $923M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zkteco 301330.SZ | China | $876M | -19% | +24% | 11% | n/a | 7.2% | +3.4% |
| JBCC 9889.T | Japan | $852M | +61% | +9% | 10% | 18.6× | -4.7% | +4.8% |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Jess-Link Products 6197.TW | Taiwan | $814M | -10% | +21% | 22% | 15.7× | 6.1% | +16.2% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Emdoor Information 001314.SZ | China | $791M | -26% | +74% | 3% | 17.5× | n/a | n/a |
| Toukei Computer 4746.T | Japan | $790M | +74% | +5% | 29% | n/a | 2.6% | +5.6% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Clevo 2362.TW | Taiwan | $705M | +5% | -9% | 6% | n/a | n/a | n/a |