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Independent OSAT providing IC packaging and testing, focused on driver ICs and power management chips.
Independent OSAT providing IC packaging and testing, focused on driver ICs and power management chips.
Moat: narrow (customer qualification, process know-how). Qualified packaging processes for specific driver-IC and power-IC customers.
Headquarters: Hsinchu, Taiwan
Size Greatek Electronics (2441.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $1.68B, the 189th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$97.50 on 6 Nov 2026.
Performance Over six months the shares gained 3.7%, against -20.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 24.1% over the last twelve months (peer median +16.1%); the operating margin is 21.0% (peer median 4.3%).
Valuation It trades at 13.2× forward earnings against a peer median of 33.4× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.1 points above its cost of capital (7.9% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$20.3B | NT$16.8B | NT$15.2B | NT$13.6B | NT$16.0B |
| Revenue growth | — | +10% | +12% | -15% | — |
| Gross profit | NT$4.99B | NT$3.32B | NT$3.30B | NT$2.78B | NT$4.19B |
| EBITDA | NT$7.26B | NT$5.68B | NT$5.69B | NT$5.40B | NT$6.75B |
| Net income | NT$3.71B | NT$2.45B | NT$2.50B | NT$2.00B | NT$3.16B |
| Free cash flow | NT$2.76B | NT$2.21B | NT$3.69B | NT$2.98B | NT$2.04B |
| Capital expenditure | NT$3.18B | NT$2.85B | NT$2.13B | NT$1.60B | NT$4.40B |
| Total debt | NT$39.2M | NT$31.6M | NT$43.5M | NT$42.9M | NT$54.2M |
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 |
|---|---|---|---|---|---|---|
| Greatek Electronics 2441.TW | $1.68B | +4% | +24% | 21% | 13.2× | 1.6% |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 17.3× | n/a |
| Powertech Technology 6239.TW | $4.61B | -11% | +24% | 13% | 13.2× | n/a |
| Chipbond Technology 6147.TWO | $3.20B | -20% | +18% | 17% | 17.2× | n/a |
| King Yuan Electronics 2449.TW | $8.00B | -42% | +35% | 27% | 19.5× | 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 | 2441.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.4% | -18.3% | 9th lowest of 21 |
| 6-month return | +3.7% | -20.6% | 5th highest of 21 |
| Distance from 52-week high | -37.5% | -49.7% | 5th highest of 21 |
| Revenue growth (TTM) | +24.1% | +16.1% | 9th highest of 21 |
| Operating margin | 21.0% | 4.3% | 4th highest of 21 |
| Forward P/E | 13.2× | 33.4× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 1.6% | 35.8% | least demanding of 8 |
| Growth delivered (Del g) | +2.7% | +3.8% | 4th lowest of 8 |
| Hurdle (Req g minus delivered) | -1.1 pp | +26.7 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | +8.1 pp | -7.5 pp | 2nd highest of 20 |
| EV / EBITDA | 6.8× | 14.4× | 4th cheapest of 9 |
| Net debt / EBITDA | -0.8× | -0.9× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 13.2× | 1.6% | +2.7% |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | n/a | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 18.3× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | n/a | 38.4% | -4.7% |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 37.6× | n/a | n/a |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | n/a | n/a | n/a |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 231.3× | 35.8% | +1.0% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 9.9× | 6.4% | +8.7% |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 59.7× | 44.7% | +18.0% |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | n/a | n/a | n/a |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 643.2× | n/a | n/a |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | n/a | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 1.6× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| BOE HC SemiTek 300323.SZ | China | $1.81B | -38% | +23% | -8% | 53.6× | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Shanghai V-Test Semiconductor Tech 688372.SS | China | $1.82B | -53% | +53% | 18% | 29.2× | n/a | n/a |
| Cohu COHU | United States | $1.82B | -22% | +34% | -2% | 19.3× | 21.5% | -6.6% |