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Taiwanese consumer memory and storage brand selling USB flash drives, memory cards, SSDs and DRAM modules worldwide.
Taiwanese consumer memory and storage brand selling USB flash drives, memory cards, SSDs and DRAM modules worldwide.
Buys memory chips, assembles them into drives, cards and modules under its own brand and sells mostly through distributors and retailers worldwide, so earnings depend on the gap between chip costs and street prices and on inventory timing. It also sells industrial-grade storage and DRAM to equipment makers.
In one line: Taiwan's SanDisk-style consumer memory brand.
Moat: none (brand, distribution). Recognized consumer storage brand but competes in a commoditized, price-driven memory market.
Headquarters: Taipei, Taiwan · Founded: 1988
Size Transcend Information (2451.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $3.22B, the 115th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$247.00 on 6 Nov 2026.
Performance Over six months the shares fell 12.7%, against -9.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 286.0% over the last twelve months (peer median +8.4%); the operating margin is 67.4% (peer median 8.0%).
Valuation It trades at 3.2× forward earnings against a peer median of 15.7× (2nd cheapest of 17).
Capital Return on invested capital runs 116.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$43.4B | NT$17.1B | NT$10.1B | NT$10.5B | NT$12.1B |
| Revenue growth | — | +70% | -4% | -13% | — |
| Gross profit | NT$31.0B | NT$8.02B | NT$3.09B | NT$3.04B | NT$2.72B |
| EBITDA | NT$29.3B | NT$6.67B | NT$2.03B | NT$2.03B | NT$1.70B |
| Net income | NT$24.8B | NT$5.57B | NT$2.31B | NT$1.98B | NT$2.45B |
| Free cash flow | NT$12.0B | NT$5.30B | NT$386M | NT$1.30B | NT$3.58B |
| Capital expenditure | NT$24.2M | NT$19.0M | NT$76.0M | NT$36.2M | NT$44.3M |
| Total debt | NT$27.5M | NT$55.8M | NT$108M | NT$155M | NT$181M |
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 |
|---|---|---|---|---|---|---|
| Transcend Information 2451.TW | $3.22B | -13% | +286% | 67% | 3.2× | n/a |
| ADATA Technology 3260.TWO | $3.16B | -33% | +125% | 34% | 4.5× | n/a |
| Western Digital WDC | $98.7B | -45% | +21% | 41% | 9.2× | 20.7% |
| Apacer Technology 8271.TW | $655M | -28% | +182% | 31% | 2.1× | n/a |
| Innodisk 5289.TWO | $2.76B | -35% | +334% | 49% | 2.5× | n/a |
| Seagate Technology STX | $106B | -41% | +44% | 40% | 9.8× | 22.1% |
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 | 2451.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.7% | -12.6% | 10th lowest of 21 |
| 6-month return | -12.7% | -9.4% | 9th lowest of 21 |
| Distance from 52-week high | -35.5% | -38.1% | 10th highest of 21 |
| Revenue growth (TTM) | +286.0% | +8.4% | 2nd highest of 21 |
| Operating margin | 67.4% | 8.0% | highest of 21 |
| Forward P/E | 3.2× | 15.7× | 2nd cheapest of 17 |
| ROIC minus cost of capital | +116.2 pp | +11.3 pp | highest of 21 |
| EV / EBITDA | 3.0× | 10.1× | cheapest of 13 |
| Net debt / EBITDA | -0.7× | -0.2× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 16.5× | n/a | n/a |
| Venustech 002439.SZ | China | $2.58B | -9% | 0% | -16% | 169.0× | 19.0% | -8.6% |
| Newland Digital Technology 000997.SZ | China | $2.56B | -14% | +29% | 11% | 16.0× | n/a | n/a |
| Societe Industrielle & Financiere de l'Artois ARTO.PA | France | $2.55B | -26% | -6% | -8% | n/a | n/a | n/a |
| Netweb Technologies India NETWEB.NS | India | $2.37B | -12% | +175% | 13% | 55.9× | 46.1% | +72.5% |
| Kardex KARN.SW | Switzerland | $2.35B | -9% | +3% | 9% | 30.3× | 11.8% | +12.5% |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Tianma Microelectronics 000050.SZ | China | $2.05B | -27% | -3% | -1% | 29.5× | -6.2% | +4.4% |
| Beijing Dahao Technology 603025.SS | China | $2.04B | -25% | +23% | 29% | n/a | 7.4% | +29.2% |
| Chicony Electronics 2385.TW | Taiwan | $1.96B | -31% | -8% | 7% | 15.4× | -9.6% | +0.1% |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% | +7.2% |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |