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← CockpitCompetitor Analysis › 2465.TW Leadtek Research Inc.Open in the cockpit ↗

Leadtek Research Inc.2465.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Processing Hardware
Momentum leader 96
Mkt cap
$321M
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$29.0M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+21.6 pp
WACC 8.4%
Hurdle
n/a
no reverse DCF
Close · TWDNT$113.00
1D-5.4%
1W+10.8%
1M+24.3%
3M+44.9%
6M+26.3%
YTD+94.8%
1Y+59.8%
ATR %6.7%
52w lowhigh13.1% off high

What Leadtek Research does

No business profile yet.

Leadtek Research at a glance

Size Leadtek Research (2465.TW) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $321M, the 625th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$113.00 on 6 Nov 2026.

Performance Over six months the shares gained 26.3%, against -18.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 65.0% over the last twelve months (peer median +7.6%); the operating margin is 4.5% (peer median 5.8%).

Valuation It trades at 1.4× enterprise value to sales against a peer median of 2.4× (4th cheapest of 19).

Capital Return on invested capital runs 21.6 points above its cost of capital (8.4% WACC).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 20262465.TW 133Peer median 85
Six months, rebased to 100: Leadtek Research against the median of its 20 peers (local-currency closes).

Leadtek Research financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$6.95BNT$4.44BNT$4.21BNT$4.28BNT$5.31B
Revenue growth—+5%-2%-19%—
Gross profitNT$619MNT$388MNT$300MNT$581MNT$564M
EBITDANT$363MNT$137M-NT$232M-NT$45.3M-NT$102M
Net incomeNT$255MNT$36.5M-NT$441M-NT$160M-NT$196M
Free cash flow-NT$17.8MNT$23.9M-NT$63.4M-NT$83.9M-NT$379M
Capital expenditureNT$20.5MNT$33.8MNT$29.8MNT$33.6MNT$24.7M
Total debtNT$195MNT$36.3MNT$574MNT$448MNT$903M

Quarterly statements and history in the cockpit →

Leadtek Research 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

-50%0%+50%-40%-20%0%+20%CNC8114ELMN300479301581AL2SI30028878056206IOT23624746001314619798893013302465.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Leadtek Research is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×20×40×CNC8114ELMN301581AL2SI30028878056007340013143013302465.TWRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Leadtek Research is the large dot.

Leadtek Research competitors and peer comparison

How Leadtek Research 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.

Leadtek Research against its 20 peers (data as of 6 Nov 2026)
Measure2465.TWPeer medianRank in peer set
1-month return+24.3%-9.0%highest of 21
6-month return+26.3%-18.8%4th highest of 20
Distance from 52-week high-13.1%-45.5%5th highest of 21
Revenue growth (TTM)+65.0%+7.6%3rd highest of 20
Operating margin4.5%5.8%10th lowest of 20
EV / Sales1.4×2.4×4th cheapest of 19
ROIC minus cost of capital+21.6 pp-2.5 pp3rd highest of 20
EV / EBITDA27.8×17.9×2nd most expensive of 8
Net debt / EBITDA-1.4×-0.6×4th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Leadtek Research 2465.TWTaiwan$321M+26%+65%5%1.4×n/an/a
Concurrent Technologies CNC.LUnited Kingdom$336M+7%+8%15%5.1×38.2%+16.8%
Posiflex Technology 8114.TWTaiwan$347M-16%-18%18%0.8×-21.6%+17.5%
Elma Electronic ELMN.SWSwitzerland$370M+23%-9%2%2.1×n/an/a
Synthesis Electronic Technology 300479.SZChina$397M-22%-5%4%2.6×19.7%+19.1%
HuangShan Googe 301581.SZChina$400M-34%+17%1%2.0×n/an/a
2crsi AL2SI.PAFrance$402M-57%+75%-45%0.9×n/an/a
PAX Global Technology 0327.HKHong Kong$444M-21%+10%16%n/an/an/a
Guiyang Longmaster Information & Technology 300288.SZChina$474M-25%-15%-17%11.2×n/an/a
QNAP Systems 7805.TWOTaiwan$477M-42%+9%25%2.1×-9.6%+3.4%
Flytech Technology 6206.TWTaiwan$493M+3%+12%27%2.4×-10.1%+2.6%
Fujian Start 600734.SSChina$591M-19%-71%-90%52.4×n/an/a
Jiangxi Firstar Panel Technology 300256.SZChina$631M-25%-13%-12%2.9×n/an/a
SECO IOT.MIItaly$634M+65%+6%3%3.3×43.7%+21.0%
Clevo 2362.TWTaiwan$705M+5%-9%6%2.4×n/an/a
Toukei Computer 4746.TJapan$790M+74%+5%29%5.6×2.6%+5.6%
Emdoor Information 001314.SZChina$791M-26%+74%3%1.0×n/an/a
Jess-Link Products 6197.TWTaiwan$814M-10%+21%22%3.0×6.1%+16.2%
JBCC 9889.TJapan$852M+61%+9%10%1.5×-4.7%+4.8%
Zkteco 301330.SZChina$876M-19%+24%11%1.9×7.2%+3.4%
Pasqal PSQLUnited States$923Mn/an/an/an/an/an/a

Questions

Which companies are Leadtek Research's closest peers?
The cockpit's peer set: Concurrent Technologies (CNC.L), Posiflex Technology (8114.TW), Elma Electronic (ELMN.SW), Synthesis Electronic Technology (300479.SZ), HuangShan Googe (301581.SZ), 2crsi (AL2SI.PA), PAX Global Technology (0327.HK), Guiyang Longmaster Information & Technology (300288.SZ).
Is Leadtek Research expensive compared with its peers?
On ev / sales it trades at 1.4× against a peer median of 2.4×, 4th cheapest of 19 in its peer set.
How has Leadtek Research stock performed?
Over six months to 6 Nov 2026 the shares returned +26.3% against -18.8% for the median peer; over one year +59.8%.

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.