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Taiwan maker of processing equipment — exposure, coating, plasma and oven systems — used to make PCBs, touch panels, LEDs and other electronics.
Taiwan maker of processing equipment — exposure, coating, plasma and oven systems — used to make PCBs, touch panels, LEDs and other electronics.
In one line: A small, diversified electronics-processing equipment maker.
Moat: narrow (process know-how). Decades of process-equipment engineering across PCB, display and LED manufacturing, in a fragmented equipment market.
Headquarters: New Taipei City, Taiwan · Founded: 1966
Size C Sun Mfg (2467.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $1.48B, the 205th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$304.50 on 6 Nov 2026.
Performance Over six months the shares fell 46.7%, against -16.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 71.7% over the last twelve months (peer median +13.0%); the operating margin is 22.4% (peer median 7.1%).
Valuation It trades at 13.2× forward earnings against a peer median of 29.3× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points above its cost of capital (7.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$9.77B | NT$6.10B | NT$4.82B | NT$3.63B | NT$5.37B |
| Revenue growth | — | +27% | +33% | -32% | — |
| Gross profit | NT$4.54B | NT$2.64B | NT$1.98B | NT$1.51B | NT$1.91B |
| EBITDA | NT$2.29B | NT$973M | NT$716M | NT$481M | NT$768M |
| Net income | NT$1.92B | NT$831M | NT$719M | NT$486M | NT$719M |
| Free cash flow | NT$139M | -NT$799M | NT$717M | NT$936M | NT$780M |
| Capital expenditure | NT$3.53B | NT$1.90B | NT$334M | NT$29.4M | NT$95.5M |
| Total debt | NT$5.05B | NT$3.91B | NT$2.61B | NT$2.22B | NT$1.84B |
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 |
|---|---|---|---|---|---|---|
| C Sun Mfg 2467.TW | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% |
| Ushio 6925.T | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% |
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 | 2467.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -47.2% | -18.0% | lowest of 20 |
| 6-month return | -46.7% | -16.6% | 3rd lowest of 20 |
| Distance from 52-week high | -56.0% | -48.8% | 7th lowest of 21 |
| Revenue growth (TTM) | +71.7% | +13.0% | 2nd highest of 21 |
| Operating margin | 22.4% | 7.1% | 2nd highest of 21 |
| Forward P/E | 13.2× | 29.3× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 12.7% | 34.7% | 4th least demanding of 10 |
| Growth delivered (Del g) | +8.4% | +8.7% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | +4.4 pp | +5.9 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +3.2 pp | -2.7 pp | 5th highest of 21 |
| EV / EBITDA | 22.0× | 18.1× | 4th most expensive of 11 |
| Net debt / EBITDA | 0.4× | -1.2× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 35.3× | 10.4% | +6.2% |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% | -1.3% |
| Kaga Electronics 8154.T | Japan | $1.42B | +6% | +24% | 4% | 7.8× | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | n/a | n/a | n/a |
| Luxnet 4979.TWO | Taiwan | $1.36B | -56% | +14% | 19% | 29.3× | 34.7% | +30.3% |
| Elite Advanced Laser 3450.TW | Taiwan | $1.36B | -15% | -2% | 16% | n/a | n/a | n/a |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 30.3× | n/a | n/a |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 59.7× | 44.7% | +18.0% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 9.9× | 6.4% | +8.7% |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 231.3× | 35.8% | +1.0% |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | n/a | n/a | n/a |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | n/a | n/a | n/a |