Who are Walsin Technology's main competitors?

Named competitors: Yageo Corporation (2327.TW), Walsin Lihwa (1605.TW), Murata Manufacturing (6981.T). The cockpit's measured peer set (industry) also includes Caihong Display Devices (600707.SS), Hamamatsu Photonics K.K (6965.T), Shenzhen Jpt Opto-Electronics (688025.SS), Suntak Technology (002815.SZ), Xiamen Faratronic (600563.SS), Guizhou Space Appliance (002025.SZ).

How has Walsin Technology stock performed?

Over six months to 6 Nov 2026 the shares returned +74.1% against -15.4% for the median peer; over one year +127.8%.

← CockpitCompetitor Analysis › 2492.TW Walsin Technology CorporationOpen in the cockpit ↗

Walsin Technology Corporation2492.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Components

Taiwanese maker of passive electronic components — multilayer ceramic capacitors and resistors — used across consumer and industrial electronics, part of Walsin Group.

≈ A smaller Taiwanese passive-components maker, akin to a regional YageoMomentum leader 90

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.79B

US dollars, full cap

Free float

58%

of shares outstanding

$/day

$337M

20-day average traded

Fwd P/E

37.6×

forward earnings

ROIC−WACC

-10.6 pp

WACC 12.8%

Hurdle

+36 pp

Req g minus delivered

Close · TWDNT$258.50

1D-8.2%

1W-32.1%

1M-29.9%

3M-0.4%

6M+74.1%

YTD+120.9%

1Y+127.8%

ATR %12.3%

52w lowhigh59.9% off high

What Walsin Technology does

Taiwanese maker of passive electronic components — multilayer ceramic capacitors and resistors — used across consumer and industrial electronics, part of Walsin Group.

Sells components in huge volumes at low unit prices, so earnings rise and fall with factory utilisation and inventory restocking in electronics. It sits in the Walsin Lihwa group, a Taiwanese industrial group, and competes with larger rivals such as Murata, Samsung Electro-Mechanics and Yageo.

In one line: A smaller Taiwanese passive-components maker, akin to a regional Yageo.

Products and services

MLCC capacitors
Resistors

Customers

Consumer electronics OEMs
Automotive electronics makers

Where it sits in the supply chain

Information Technology hardware
Passive components
MLCC capacitors, resistors

What could go right

Consumer/automotive electronics content growth

What could go wrong

Passive-component price cyclicality

Moat: none (scale). Commoditized passive-component maker competing mainly on cost and capacity utilization.

Headquarters: Taipei, Taiwan

Named competitors

Walsin Technology at a glance

Size Walsin Technology (2492.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $3.79B, the 107th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$258.50 on 6 Nov 2026.

Performance Over six months the shares gained 74.1%, against -15.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 8.4% over the last twelve months (peer median +26.3%); the operating margin is 7.6% (peer median 12.8%).

Valuation It trades at 37.6× forward earnings against a peer median of 37.1× (10th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +36 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 10.6 points below its cost of capital (12.8% WACC).

Relative performance

Six months, rebased to 100: Walsin Technology against the median of its 20 peers (local-currency closes).

Walsin Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$39.0B	NT$36.5B	NT$34.8B	NT$32.8B	NT$35.3B
Revenue growth	—	+5%	+6%	-7%	—
Gross profit	NT$6.86B	NT$5.91B	NT$6.05B	NT$5.39B	NT$5.85B
EBITDA	NT$6.65B	NT$6.32B	NT$7.18B	NT$6.91B	NT$7.63B
Net income	NT$4.32B	NT$2.30B	NT$2.98B	NT$1.98B	NT$1.65B
Free cash flow	NT$4.88B	NT$5.92B	NT$4.93B	NT$6.50B	NT$3.34B
Capital expenditure	NT$1.21B	NT$1.09B	NT$1.32B	NT$2.38B	NT$4.77B
Total debt	NT$26.9B	NT$30.4B	NT$30.5B	NT$27.3B	NT$26.8B

Quarterly statements and history in the cockpit →

Walsin Technology 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

Up and to the right = strong over both horizons. Walsin Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Walsin Technology is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Walsin Technology is the large dot.

Walsin Technology competitors and peer comparison

Head to head with its named competitors (2492.TW vs 2327.TW vs 1605.TW vs 6981.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Walsin Technology 2492.TW	$3.79B	+74%	+8%	8%	37.6×	36.0%
Yageo 2327.TW	$23.3B	+8%	+32%	27%	13.9×	17.7%
Walsin Lihwa 1605.TW	$4.21B	-3%	-4%	0%	7.5×	n/a
Murata Manufacturing 6981.T	$57.1B	-5%	+15%	20%	23.0×	29.8%

How Walsin Technology 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.

Walsin Technology against its 20 peers (data as of 6 Nov 2026)
Measure	2492.TW	Peer median	Rank in peer set
1-month return	-29.9%	-25.4%	8th lowest of 21
6-month return	+74.1%	-15.4%	2nd highest of 20
Distance from 52-week high	-59.9%	-47.8%	8th lowest of 21
Revenue growth (TTM)	+8.4%	+26.3%	4th lowest of 21
Operating margin	7.6%	12.8%	6th lowest of 21
Forward P/E	37.6×	37.1×	10th cheapest of 19
Growth the price implies (Req g, 7 yrs)	36.0%	27.8%	3rd most demanding of 10
Growth delivered (Del g)	+0.5%	+9.6%	2nd lowest of 10
Hurdle (Req g minus delivered)	+35.5 pp	+7.3 pp	2nd most demanding of 10
ROIC minus cost of capital	-10.6 pp	-0.0 pp	2nd lowest of 21
EV / EBITDA	22.6×	21.5×	3rd cheapest of 5
Net debt / EBITDA	1.9×	-3.1×	most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Walsin Technology 2492.TW	Taiwan	$3.79B	+74%	+8%	8%	37.6×	36.0%	+0.5%
Caihong Display Devices 600707.SS	China	$3.70B	-15%	-3%	4%	11.6×	2.9%	+1.7%
Hamamatsu Photonics K.K 6965.T	Japan	$3.69B	-7%	+10%	9%	30.9×	27.8%	+8.6%
Shenzhen Jpt Opto-Electronics 688025.SS	China	$3.97B	-22%	+69%	18%	43.3×	44.7%	+19.4%
Suntak Technology 002815.SZ	China	$3.61B	+2%	+31%	10%	n/a	n/a	n/a
Xiamen Faratronic 600563.SS	China	$3.58B	-10%	+10%	23%	18.4×	8.0%	+23.1%
Guizhou Space Appliance 002025.SZ	China	$3.56B	-29%	+22%	3%	63.7×	n/a	n/a
Optics Technology 300489.SZ	China	$4.07B	+101%	+40%	11%	125.0×	n/a	n/a
Delton Technology (Guangzhou) 1989.HK	Hong Kong	$4.09B	-73%	+86%	25%	10.6×	n/a	n/a
Hirose Electric 6806.T	Japan	$4.23B	-4%	+21%	22%	17.5×	8.4%	+9.6%
Pantum Technology 002180.SZ	China	$3.39B	-16%	-59%	0%	69.9×	30.6%	-4.8%
Isupetasys 007660.KS	South Korea	$3.36B	-59%	+42%	20%	16.4×	n/a	n/a
Nantong Jianghai Capacitor 002484.SZ	China	$4.28B	-15%	+17%	14%	27.6×	23.2%	+15.9%
Castech 002222.SZ	China	$3.28B	-46%	+40%	32%	56.7×	n/a	n/a
Shanghai Precilasers Technology 688826.SS	China	$3.27B	n/a	+43%	40%	n/a	n/a	n/a
Camtek CAMT	United States	$4.53B	-53%	+12%	23%	19.6×	29.7%	+26.1%
VisEra Technologies 6789.TW	Taiwan	$3.16B	-46%	-5%	14%	49.7×	44.5%	+5.2%
Silergy 6415.TW	Taiwan	$4.58B	-11%	+13%	12%	30.5×	n/a	n/a
Guangdong Kingshine Electronic Technology 300903.SZ	China	$4.69B	+45%	+36%	4%	276.3×	n/a	n/a
Wuhan Jingce Electronic 300567.SZ	China	$4.80B	-14%	+31%	0%	119.3×	n/a	n/a
Sichuan Huafeng Technology 688629.SS	China	$4.85B	-49%	+46%	9%	87.5×	n/a	n/a

Questions

Who are Walsin Technology's main competitors?: Named competitors: Yageo Corporation (2327.TW), Walsin Lihwa (1605.TW), Murata Manufacturing (6981.T). The cockpit's measured peer set (industry) also includes Caihong Display Devices (600707.SS), Hamamatsu Photonics K.K (6965.T), Shenzhen Jpt Opto-Electronics (688025.SS), Suntak Technology (002815.SZ), Xiamen Faratronic (600563.SS), Guizhou Space Appliance (002025.SZ).
Is Walsin Technology expensive compared with its peers?: On forward p/e it trades at 37.6× against a peer median of 37.1×, 10th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +36 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.
How has Walsin Technology stock performed?: Over six months to 6 Nov 2026 the shares returned +74.1% against -15.4% for the median peer; over one year +127.8%.