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← CockpitCompetitor Analysis › 2402.TW ICHIA Technologies, Inc.Open in the cockpit ↗

ICHIA Technologies, Inc.2402.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Production Equipment
Momentum weak 22
Mkt cap
$405M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$8.01M
20-day average traded
Fwd P/E
37.5×
forward earnings
ROIC−WACC
+1.2 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
11 days
17 Nov 2026
Close · TWDNT$45.05
1D-4.9%
1W-15.0%
1M-23.6%
3M-16.3%
6M-38.0%
YTD-28.5%
1Y-10.4%
ATR %6.7%
52w lowhigh47.0% off high

What ICHIA Technologies does

Employees: 2,624

ICHIA Technologies at a glance

Size ICHIA Technologies (2402.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $405M, the 521st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$45.05 on 6 Nov 2026.

Performance Over six months the shares fell 38.0%, against -25.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 12.6% over the last twelve months (peer median +11.5%); the operating margin is 6.3% (peer median 3.4%).

Valuation It trades at 37.5× forward earnings against a peer median of 15.3× (3rd most expensive of 9).

Capital Return on invested capital runs 1.2 points above its cost of capital (5.0% WACC).

Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 752402.TW 64
Six months, rebased to 100: ICHIA Technologies against the median of its 20 peers (local-currency closes).

ICHIA Technologies financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$11.7BNT$10.8BNT$9.53BNT$8.56BNT$7.65B
Revenue growth—+14%+11%+12%—
Gross profitNT$1.86BNT$2.03BNT$1.68BNT$1.25BNT$1.02B
EBITDANT$1.10BNT$1.25BNT$1.11BNT$813MNT$729M
Net incomeNT$513MNT$754MNT$711MNT$465MNT$357M
Free cash flow-NT$1.45B-NT$657M-NT$501MNT$719M-NT$178M
Capital expenditureNT$1.71BNT$1.58BNT$984MNT$344MNT$368M
Total debtNT$5.50BNT$5.18BNT$3.11BNT$1.60BNT$1.44B

Quarterly statements and history in the cockpit →

ICHIA Technologies 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%-30%-20%-10%699900295230138630058200290868868200236960521834161970NOTE300875002729KE24880021993624F3C370123592402.TW6-month return →1-month return →
Up and to the right = strong over both horizons. ICHIA Technologies is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×50×100×150×699968868234161970NOTEKEF3C23592402.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ICHIA Technologies is the large dot.

ICHIA Technologies competitors and peer comparison

How ICHIA Technologies 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.

ICHIA Technologies against its 20 peers (data as of 6 Nov 2026)
Measure2402.TWPeer medianRank in peer set
1-month return-23.6%-12.5%5th lowest of 21
6-month return-38.0%-25.8%2nd lowest of 21
Distance from 52-week high-47.0%-43.6%8th lowest of 21
Revenue growth (TTM)+12.6%+11.5%11th highest of 21
Operating margin6.3%3.4%10th highest of 21
Forward P/E37.5×15.3×3rd most expensive of 9
ROIC minus cost of capital+1.2 pp-4.3 pp8th highest of 21
EV / EBITDA14.2×9.8×3rd most expensive of 10
Net debt / EBITDA2.0×-0.9×2nd most indebted of 13

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
ICHIA Technologies 2402.TWTaiwan$405M-38%+13%6%37.5×n/an/a
Koa 6999.TJapan$415M-6%+22%7%7.4×12.7%+7.5%
Yes Optoelectronics (Group) 002952.SZChina$423M-38%+14%3%n/a21.7%+14.8%
Suzhou Future Electrical 301386.SZChina$388M-27%+2%12%n/a15.9%+3.4%
Inventronics (Hangzhou) 300582.SZChina$424M-35%-4%-20%n/an/an/a
Guangdong Tecsun Science & Technology 002908.SZChina$425M-22%-14%-11%n/a28.9%-0.1%
Shanghai Hollywave Electronic System 688682.SSChina$426M-42%+29%-12%154.8×17.3%+5.7%
Shenzhen Zowee Tech 002369.SZChina$431M-30%-8%-15%n/an/an/a
Ways Electron 605218.SSChina$431M-30%+20%-2%n/an/an/a
Winmate 3416.TWTaiwan$376M-5%+27%18%15.4×-1.8%+14.6%
IMAX China 1970.HKHong Kong$374M+11%-17%36%11.0×-7.2%+14.5%
Note NOTE.STSweden$445M-12%+9%9%15.3×0.0%+15.3%
Tianjin Jieqiang Power Equipment 300875.SZChina$451M-23%+143%-28%n/a27.9%+3.5%
Hollyland (China) Electronics Technology 002729.SZChina$361M-32%+14%8%n/a24.2%+20.2%
Kimball Electronics KEUnited States$462M-26%-4%4%12.1×4.0%+2.1%
Launch Tech 2488.HKHong Kong$466M-29%+22%16%n/a-12.1%+13.8%
Zhejiang East Crystal Electronic 002199.SZChina$352M-6%+202%-5%n/an/an/a
Viking Tech 3624.TWOTaiwan$344M+77%+14%12%n/a30.5%+4.7%
SFC Energy F3C.DEGermany$343M-16%+3%13%18.0×8.9%+21.9%
FIC Global 3701.TWTaiwan$341M-29%-28%-6%n/a31.2%+5.8%
Solomon Technology 2359.TWTaiwan$483M-25%+3%0%66.0×58.1%+3.8%

Questions

Which companies are ICHIA Technologies's closest peers?
The cockpit's peer set: Koa (6999.T), Yes Optoelectronics (Group) (002952.SZ), Suzhou Future Electrical (301386.SZ), Inventronics (Hangzhou) (300582.SZ), Guangdong Tecsun Science & Technology (002908.SZ), Shanghai Hollywave Electronic System (688682.SS), Shenzhen Zowee Tech (002369.SZ), Ways Electron (605218.SS).
Is ICHIA Technologies expensive compared with its peers?
On forward p/e it trades at 37.5× against a peer median of 15.3×, 3rd most expensive of 9 in its peer set.
How has ICHIA Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -38.0% against -25.8% for the median peer; over one year -10.4%.

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.