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← CockpitCompetitor Analysis › 2354.TW Foxconn Technology Co., Ltd.Open in the cockpit ↗

Foxconn Technology Co., Ltd.2354.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Production Equipment

Foxconn (Hon Hai) group company making metal casings, thermal/liquid-cooling modules and game-console assembly for PCs, servers and consumer electronics.

≈ A metal-casing and thermal-module manufacturer, like Jabil's mechanical-parts businessMomentum neutral 48
Mkt cap
$2.23B
US dollars, full cap
Free float
67%
of shares outstanding
$/day
$7.71M
20-day average traded
Fwd P/E
13.3×
forward earnings
ROIC−WACC
-0.0 pp
WACC 5.5%
Hurdle
n/a
no reverse DCF
Next earnings
10 days
16 Nov 2026
Close · TWDNT$52.10
1D-5.4%
1W-12.6%
1M-19.1%
3M-7.0%
6M-10.9%
YTD-15.6%
1Y-24.4%
ATR %4.1%
52w lowhigh30.9% off high

What Foxconn Technology does

Foxconn (Hon Hai) group company making metal casings, thermal/liquid-cooling modules and game-console assembly for PCs, servers and consumer electronics.

Sells to Hon Hai group companies and a few outside brands, so much of its demand is set by the group's assembly programmes. Metal casings are the older base, while liquid-cooling parts for AI servers are the newer line. Part of Foxconn's wide group of affiliates.

In one line: A metal-casing and thermal-module manufacturer, like Jabil's mechanical-parts business.

Products and services

  • Metal casings & structural parts
  • Thermal & liquid-cooling modules (servers, AI)
  • Game console assembly
  • EV components

Customers

  • Hon Hai group affiliates
  • PC/notebook OEMs
  • AI-server/hyperscaler cooling customers

Where it sits in the supply chain

  • Consumer & enterprise electronics
  • EMS / mechanical components
  • Metal casings & thermal modules

What could go right

  • AI-server liquid-cooling demand
  • Foxconn group EV push

What could go wrong

  • Thin, commoditized manufacturing margins
  • Reliant on Foxconn group order flow

Moat: none (scale). Commodity metal and thermal manufacturing; competes mainly on cost and Foxconn-group scale.

Headquarters: New Taipei City, Taiwan · Founded: 1990

Named competitors

Foxconn Technology at a glance

Size Foxconn Technology (2354.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $2.23B, the 158th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$52.10 on 6 Nov 2026.

Performance Over six months the shares fell 10.9%, against -28.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 12.6% over the last twelve months (peer median +15.2%); the operating margin is 1.6% (peer median 6.0%).

Valuation It trades at 13.3× forward earnings against a peer median of 29.3× (3rd cheapest of 19).

Capital Return on invested capital runs 0.0 points below its cost of capital (5.5% WACC).

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 20262354.TW 81Peer median 71
Six months, rebased to 100: Foxconn Technology against the median of its 20 peers (local-currency closes).

Foxconn Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$140BNT$156BNT$75.8BNT$74.5BNT$90.5B
Revenue growth—+106%+2%-18%—
Gross profitNT$5.77BNT$5.84BNT$4.82BNT$5.73BNT$6.88B
EBITDANT$3.22BNT$3.36BNT$2.47BNT$2.69BNT$4.22B
Net incomeNT$3.34BNT$3.28BNT$3.58BNT$4.26BNT$4.27B
Free cash flowNT$8.22BNT$5.55BNT$4.64B-NT$1.86BNT$11.3B
Capital expenditureNT$1.56BNT$867MNT$559MNT$308MNT$874M
Total debtNT$10.4BNT$11.2BNT$9.46BNT$10.9BNT$9.79B

Quarterly statements and history in the cockpit →

Foxconn Technology 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%-40%-30%-20%-10%00240267703006573491VECOBHE0029255214301486000032PLUGKIT300835AXTI03422030031968836261960028593007352354.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Foxconn Technology is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%50×100×00240267703006573491VECOBHE0029255214301486000032KIT300835AXTI68836261960028593007352354.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Foxconn Technology is the large dot.

Foxconn Technology competitors and peer comparison

Head to head with its named competitors (2354.TW vs 2317.TW vs 4938.TW vs 3324.TWO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Foxconn Technology 2354.TW$2.23B-11%+13%2%13.3×n/a
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
AURAS Technology 3324.TWO$2.90B-10%+71%16%15.1×n/a
Asia Vital Components 3017.TW$27.4B-15%+99%24%17.5×9.0%

How Foxconn Technology 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.

Foxconn Technology against its 20 peers (data as of 6 Nov 2026)
Measure2354.TWPeer medianRank in peer set
1-month return-19.1%-20.3%10th highest of 21
6-month return-10.9%-28.5%5th highest of 21
Distance from 52-week high-30.9%-57.5%4th highest of 21
Revenue growth (TTM)+12.6%+15.2%10th lowest of 21
Operating margin1.6%6.0%4th lowest of 21
Forward P/E13.3×29.3×3rd cheapest of 19
ROIC minus cost of capital-0.0 pp-2.9 pp6th highest of 21
Net debt / EBITDA-25.1×-0.6×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
Foxconn Technology 2354.TWTaiwan$2.23B-11%+13%2%13.3×n/an/a
Shenzhen H&T Intelligent Control 002402.SZChina$2.23B-49%+2%6%41.3×n/an/a
Alps Alpine 6770.TJapan$2.23B-24%+5%3%10.8×-3.8%+7.3%
XiaMen HongXin Electron-tech 300657.SZChina$2.21B-18%+4%8%28.2×n/an/a
Universal Microwave Technology 3491.TWOTaiwan$2.26B-36%+36%27%42.9×n/an/a
VECO VECOUnited States$2.27B-37%-3%4%13.3×37.1%+7.9%
Benchmark Electronics BHEUnited States$2.16B-29%+13%4%17.7×13.8%+5.3%
Xiamen Intretech 002925.SZChina$2.16B-3%+39%9%32.1×n/an/a
Nippon Electric Glass 5214.TJapan$2.32B-44%+3%8%22.6×2.4%+5.1%
Shenzhen Zesum Technology 301486.SZChina$2.41B-42%+57%3%99.2×n/an/a
Shenzhen SED Industry 000032.SZChina$2.03B-36%+5%1%42.9×7.0%+8.9%
Plug Power PLUGUnited States$2.03B-54%+11%-68%n/an/an/a
Kitron KIT.OLNorway$2.02B-20%+54%10%22.0×-0.6%+16.9%
Sinomag Technology 300835.SZChina$2.54B+10%+18%6%75.2×n/an/a
AXT AXTIUnited States$2.55B-67%+89%20%16.2×n/an/a
LG Display 034220.KSSouth Korea$2.61B-42%-7%2%n/a-13.4%+1.2%
Shenzhen Microgate Technology 300319.SZChina$1.86B+12%+11%8%30.5×22.5%+10.3%
Forehope Electronic (Ningbo) 688362.SSChina$2.67B-19%+19%0%86.7×n/an/a
Marketech International 6196.TWTaiwan$2.68B+8%+44%7%13.0×6.3%+15.5%
Zhejiang Jiemei Electronic & Technology 002859.SZChina$2.71B-21%+26%13%47.3×n/an/a
DBG Technology 300735.SZChina$1.81B-28%+17%2%26.0×3.5%+31.6%

Questions

Who are Foxconn Technology's main competitors?
Named competitors: Hon Hai Precision (Foxconn) (2317.TW), Pegatron (4938.TW), Auras Technology (3324.TWO), Asia Vital Components (AVC) (3017.TW). The cockpit's measured peer set (industry) also includes Shenzhen H&T Intelligent Control (002402.SZ), Alps Alpine (6770.T), XiaMen HongXin Electron-tech (300657.SZ), Universal Microwave Technology (3491.TWO), VECO (VECO), Benchmark Electronics (BHE).
Is Foxconn Technology expensive compared with its peers?
On forward p/e it trades at 13.3× against a peer median of 29.3×, 3rd cheapest of 19 in its peer set.
How has Foxconn Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -10.9% against -28.5% for the median peer; over one year -24.4%.

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.