Employees: 1,584
Size Ta-I Technology (2478.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $388M, the 535th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$89.40 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against -23.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +13.9%); the operating margin is 14.1% (peer median 6.1%).
Valuation It trades at 2.1× enterprise value to sales against a peer median of 2.1× (11th cheapest of 21).
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 0%, so the hurdle is +13 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 0.2 points below its cost of capital (10.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$5.84B | NT$5.42B | NT$5.03B | NT$4.59B | NT$5.02B |
| Revenue growth | — | +8% | +9% | -9% | — |
| Gross profit | NT$1.45B | NT$1.20B | NT$891M | NT$909M | NT$1.11B |
| EBITDA | NT$1.28B | NT$1.11B | NT$923M | NT$1.05B | NT$1.13B |
| Net income | NT$694M | NT$494M | NT$454M | NT$370M | NT$623M |
| Free cash flow | NT$4.29M | NT$221M | NT$456M | NT$395M | NT$541M |
| Capital expenditure | NT$650M | NT$717M | NT$526M | NT$910M | NT$549M |
| Total debt | NT$1.18B | NT$1.35B | NT$1.29B | NT$1.58B | NT$1.38B |
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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 | 2478.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.3% | -18.1% | 6th lowest of 21 |
| 6-month return | +15.9% | -23.1% | 3rd highest of 21 |
| Distance from 52-week high | -65.2% | -47.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | +8.0% | +13.9% | 10th lowest of 21 |
| Operating margin | 14.1% | 6.1% | 4th highest of 21 |
| EV / Sales | 2.1× | 2.1× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 13.2% | -5.8% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +0.1% | +3.9% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +13.0 pp | -10.6 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -0.2 pp | -0.9 pp | 10th highest of 21 |
| EV / EBITDA | 9.5× | 8.6× | 6th most expensive of 14 |
| Net debt / EBITDA | -0.6× | 0.7× | 5th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ta-I Technology 2478.TW | Taiwan | $388M | +16% | +8% | 14% | 2.1× | 13.2% | +0.1% |
| Methode Electronics MEI | United States | $384M | +12% | +1% | 1% | 0.6× | n/a | n/a |
| Shanghai Laimu Electronics 603633.SS | China | $394M | -26% | +2% | -12% | 2.6× | n/a | n/a |
| Vinatech Co 126340.KS | South Korea | $395M | -56% | +66% | 2% | 6.0× | n/a | n/a |
| Spirox 3055.TW | Taiwan | $377M | +47% | +4% | -55% | 27.7× | n/a | n/a |
| Singatron Electronic (China) 301329.SZ | China | $372M | -35% | +37% | 5% | 1.7× | n/a | n/a |
| Youngpoong 000670.KS | South Korea | $406M | -54% | +40% | -2% | 0.3× | -14.5% | -1.8% |
| Korea Electric Terminal 025540.KS | South Korea | $369M | -45% | -4% | 8% | 0.2× | n/a | n/a |
| Trigiant 1300.HK | Hong Kong | $368M | -1% | +26% | 12% | 1.1× | -13.0% | -2.4% |
| Jinlong Machinery & Electronic 300032.SZ | China | $411M | -35% | -18% | -4% | 2.0× | 12.4% | -2.0% |
| APAQ Technology 6449.TW | Taiwan | $414M | -13% | +23% | 18% | 3.0× | n/a | n/a |
| Allied Circuit 8155.TWO | Taiwan | $416M | -52% | +33% | 14% | 2.2× | n/a | n/a |
| Hi-Trend Technology (Shanghai) 688391.SS | China | $418M | -23% | +4% | -4% | 2.6× | 4.9% | +7.3% |
| Apex International 4927.TW | Taiwan | $359M | -24% | -10% | -22% | 1.8× | n/a | n/a |
| Kinko Optical 6209.TW | Taiwan | $359M | -5% | +67% | 11% | 2.6× | n/a | n/a |
| IRISO Electronics 6908.T | Japan | $359M | -28% | +10% | 9% | 0.6× | -7.6% | +11.1% |
| TT Electronics TTG.L | United Kingdom | $419M | +50% | -3% | 7% | 0.8× | 9.9% | +2.2% |
| Vizionfocus 4771.TW | Taiwan | $355M | +8% | +26% | 29% | 3.2× | n/a | n/a |
| Proact IT PACT.ST | Sweden | $354M | +8% | +4% | 7% | 0.7× | -5.8% | +5.2% |
| Alltop Technology 3526.TWO | Taiwan | $428M | -40% | +19% | 31% | 2.8× | -7.5% | +12.9% |
| Shenzhen King Brother Electronics Technology 301041.SZ | China | $430M | -10% | +18% | 5% | 3.1× | 22.5% | +3.9% |