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Employees: 188
Size Silicon Integrated Systems (2363.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $649M, the 364th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$41.65 on 6 Nov 2026.
Performance Over six months the shares fell 25.4%, against -23.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 78.1% over the last twelve months (peer median +10.8%); the operating margin is 2.5% (peer median 2.6%).
Valuation It trades at 4.3× enterprise value to sales against a peer median of 2.7× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +77%, so the hurdle is -49 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.4 points below its cost of capital (6.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$4.35B | NT$2.82B | NT$739M | NT$187M | NT$182M |
| Revenue growth | — | +282% | +295% | +3% | — |
| Gross profit | NT$1.08B | NT$783M | NT$227M | NT$34.4M | -NT$23.4M |
| EBITDA | NT$256M | NT$419,000 | -NT$305M | -NT$428M | -NT$435M |
| Net income | NT$882M | NT$788M | NT$499M | NT$571M | NT$484M |
| Free cash flow | NT$1.70B | NT$1.39B | NT$281M | NT$762M | NT$510M |
| Capital expenditure | NT$118M | NT$71.4M | NT$18.4M | NT$19.2M | NT$14.1M |
| Total debt | NT$489M | NT$670M | NT$14.3M | NT$4.26M | NT$7.98M |
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.
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 | 2363.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.1% | -17.5% | 5th lowest of 21 |
| 6-month return | -25.4% | -23.6% | 9th lowest of 20 |
| Distance from 52-week high | -45.3% | -46.7% | 11th highest of 21 |
| Revenue growth (TTM) | +78.1% | +10.8% | 2nd highest of 21 |
| Operating margin | 2.5% | 2.6% | 10th lowest of 21 |
| EV / Sales | 4.3× | 2.7× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 28.1% | 16.7% | 4th most demanding of 8 |
| Growth delivered (Del g) | +77.5% | +7.6% | highest of 8 |
| Hurdle (Req g minus delivered) | -49.4 pp | +8.4 pp | least demanding of 8 |
| ROIC minus cost of capital | -6.4 pp | -6.9 pp | 10th highest of 21 |
| EV / EBITDA | 73.6× | 9.8× | most expensive of 8 |
| Net debt / EBITDA | -10.6× | -1.2× | least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Silicon Integrated Systems 2363.TW | Taiwan | $649M | -25% | +78% | 2% | 4.3× | 28.1% | +77.5% |
| Formosa Advanced Technologies 8131.TW | Taiwan | $655M | -29% | +37% | 16% | 1.5× | n/a | n/a |
| Hongli Zhihui 300219.SZ | China | $638M | -22% | +10% | 3% | 1.0× | 8.3% | +6.9% |
| Macmic Science & Technology 688711.SS | China | $635M | -27% | +16% | -3% | 3.1× | 49.0% | +32.4% |
| Shanghai Orient-Chip Technology 688061.SS | China | $664M | +14% | +4% | -9% | 5.1× | n/a | n/a |
| PVA TePla TPE.DE | Germany | $666M | -37% | -4% | 1% | 2.6× | n/a | n/a |
| Shenzhen Refond Optoelectronics 300241.SZ | China | $668M | -22% | +24% | 4% | 2.2× | 16.7% | +8.4% |
| Orient Semiconductor Electronics 2329.TW | Taiwan | $670M | -46% | +11% | 7% | 1.1× | n/a | n/a |
| Sanken Electric 6707.T | Japan | $673M | -43% | -19% | -8% | 2.1× | n/a | n/a |
| KoMiCo 183300.KS | South Korea | $621M | +14% | +22% | 15% | 2.3× | n/a | n/a |
| ITE Tech 3014.TW | Taiwan | $620M | -6% | -4% | 27% | 2.2× | -8.4% | +7.6% |
| Tyntek 2426.TW | Taiwan | $619M | -2% | -6% | 1% | 8.4× | n/a | n/a |
| Foshan Blue Rocket Electronics 301348.SZ | China | $681M | -24% | +22% | -2% | 5.8× | n/a | n/a |
| Talant Optronics (suzhou) 301045.SZ | China | $683M | -15% | -10% | 3% | 8.4× | n/a | n/a |
| Xi'an Peri Power Semiconductor Converting Technology 300831.SZ | China | $613M | -34% | +107% | 34% | 14.6× | n/a | n/a |
| Xiamen Guangpu Electronics 300632.SZ | China | $612M | -44% | -1% | -13% | 4.4× | 37.5% | -3.6% |
| Global Mixed-Mode Technology 8081.TW | Taiwan | $612M | -11% | -1% | 17% | 1.9× | -2.8% | +3.2% |
| UniTTEC 000925.SZ | China | $688M | -24% | +18% | 3% | 2.9× | n/a | n/a |
| Viewtrix Technology 3310.HK | Hong Kong | $608M | n/a | +24% | -22% | 2.6× | n/a | n/a |
| Halo Microelectronics 688173.SS | China | $606M | -42% | +11% | -14% | 3.9× | n/a | n/a |
| Shenzhen Kiwi Instruments 688045.SS | China | $604M | -3% | +45% | 8% | 3.4× | 31.6% | +9.7% |