Loading…
Legacy Taiwanese conglomerate historically known for home appliances (rice cookers, TVs) and heavy electrical equipment, now diversified and restructuring.
Legacy Taiwanese conglomerate historically known for home appliances (rice cookers, TVs) and heavy electrical equipment, now diversified and restructuring.
Combines three unlike earnings sources: Tatung-brand appliances and electronics, heavy electrical equipment sold to utilities and industry, and land and investment holdings, so a year's profit can depend on asset sales as much as on operations.
In one line: A troubled, diversified legacy electronics conglomerate, like a Taiwanese Westinghouse.
Moat: none (brand). Legacy brand recognition in Taiwan but has struggled with financial and governance issues for years.
Headquarters: Taipei, Taiwan · Founded: 1918
Size Tatung (2371.TW) is a Taiwan Consumer Discretionary company (Electronics/Appliances) with a market value of $1.70B, the 187th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$26.20 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against -9.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +5.8%); the operating margin is 4.0% (peer median 8.3%).
Valuation It trades at 10.0× forward earnings against a peer median of 18.1× (3rd cheapest of 18).
Capital Return on invested capital runs 2.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$51.3B | NT$50.4B | NT$47.5B | NT$50.4B | NT$34.5B |
| Revenue growth | — | +6% | -6% | +46% | — |
| Gross profit | NT$7.89B | NT$7.95B | NT$6.64B | NT$7.47B | NT$6.36B |
| EBITDA | NT$4.52B | NT$4.50B | NT$2.50B | NT$3.65B | -NT$167M |
| Net income | -NT$9.96B | -NT$11.1B | NT$14.5B | NT$2.63B | NT$9.37B |
| Free cash flow | -NT$1.44B | NT$172M | -NT$1.99B | NT$1.12B | -NT$3.26B |
| Capital expenditure | NT$2.36B | NT$2.35B | NT$2.66B | NT$2.42B | NT$3.93B |
| Total debt | NT$40.8B | NT$44.1B | NT$36.8B | NT$41.2B | NT$38.5B |
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 |
|---|---|---|---|---|---|---|
| Tatung 2371.TW | $1.70B | -15% | +8% | 4% | 10.0× | n/a |
| Sampo SAMPO.HE | $29.1B | +10% | +2% | 21% | 18.0× | n/a |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
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 | 2371.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.1% | -2.7% | 4th lowest of 21 |
| 6-month return | -14.7% | -9.7% | 9th lowest of 21 |
| Distance from 52-week high | -41.1% | -30.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +8.0% | +5.8% | 10th highest of 21 |
| Operating margin | 4.0% | 8.3% | 7th lowest of 21 |
| Forward P/E | 10.0× | 18.1× | 3rd cheapest of 18 |
| ROIC minus cost of capital | -2.8 pp | +2.6 pp | 7th lowest of 21 |
| EV / EBITDA | 16.5× | 8.9× | 2nd most expensive of 7 |
| Net debt / EBITDA | 2.3× | -0.9× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Edifier Technology 002351.SZ | China | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% | +7.6% |
| Sichuan Jiuzhou Electric 000801.SZ | China | $1.58B | -19% | +20% | 3% | 45.1× | n/a | n/a |
| Sonos SONO | United States | $1.94B | +9% | +6% | 6% | 149.2× | 17.3% | +1.7% |
| Shenzhen Newway Photomask Making 688401.SS | China | $1.45B | -27% | +18% | 26% | 17.9× | 23.6% | +23.7% |
| Spectrum Brands SPB | United States | $1.99B | +6% | +1% | 9% | 17.1× | -2.5% | +1.4% |
| Whirlpool WHR | United States | $2.01B | -32% | -6% | 2% | n/a | n/a | n/a |
| OneRobotics (Shenzhen) 6600.HK | Hong Kong | $1.41B | -55% | +48% | -9% | n/a | n/a | n/a |
| Gettop Acoustic 002655.SZ | China | $1.39B | -19% | +11% | 2% | n/a | n/a | n/a |
| Tamron 7740.T | Japan | $1.39B | +22% | +2% | 17% | 15.3× | 5.9% | +12.0% |
| Guangdong Xinbao Electrical Appliances 002705.SZ | China | $1.38B | -25% | -4% | 4% | 24.3× | -2.7% | +4.2% |
| Guangdong TCL Smart Home Appliances 002668.SZ | China | $1.37B | -12% | +4% | 12% | 8.4× | -18.7% | +17.4% |
| Hangzhou Robam Appliances 002508.SZ | China | $2.28B | -10% | -18% | 8% | 14.4× | 6.3% | +4.5% |
| Actions Technology 688049.SS | China | $1.25B | -1% | +26% | 17% | 30.3× | n/a | n/a |
| Shanghai Flyco Electrical Appliance 603868.SS | China | $2.34B | +4% | +1% | 17% | 24.2× | 4.6% | +1.5% |
| Theon International THEON.AS | Netherlands | $2.36B | -10% | +32% | 23% | 17.1× | 18.7% | +52.2% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Whirlpool Of India WHIRLPOOL.NS | India | $1.11B | -16% | +6% | 2% | 29.3× | 47.2% | +6.4% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |