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World-leading maker of precision optical lenses for smartphone cameras, including for Apple's iPhone.
World-leading maker of precision optical lenses for smartphone cameras, including for Apple's iPhone.
Sells lenses to the camera-module makers that assemble phone cameras, with Apple by far the biggest buyer, so volume follows iPhone production plans and each added lens or zoom step raises the value per phone. It makes the plastic lens elements itself, in Taiwan and China.
In one line: The world's Corning of camera lenses.
Moat: wide (IP / patents, process know-how, customer qualification). Deep patent portfolio and precision-molding know-how; long Apple qualification cycle.
Headquarters: Taichung, Taiwan · Founded: 1987 · Employees: 8,966
Size Largan Precision (3008.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $17.7B, the 33rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$4,480 on 6 Nov 2026.
Performance Over six months the shares gained 76.0%, against -27.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +33.7%); the operating margin is 35.5% (peer median 12.9%).
Valuation It trades at 26.0× forward earnings against a peer median of 19.3× (6th most expensive 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 +2%, so the hurdle is +11 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 15.8 points above its cost of capital (8.5% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$62.1B | NT$61.1B | NT$59.5B | NT$48.8B | NT$47.7B |
| Revenue growth | — | +3% | +22% | +2% | — |
| Gross profit | NT$35.1B | NT$30.1B | NT$30.6B | NT$23.3B | NT$25.6B |
| EBITDA | n/a | NT$31.3B | NT$30.3B | NT$23.2B | NT$25.5B |
| Net income | NT$22.8B | NT$21.3B | NT$25.9B | NT$17.9B | NT$22.6B |
| Free cash flow | n/a | NT$15.8B | NT$20.0B | NT$12.7B | NT$23.1B |
| Capital expenditure | n/a | NT$12.5B | NT$11.4B | NT$8.79B | NT$9.35B |
| Total debt | n/a | NT$120M | NT$291M | NT$81.6M | NT$152M |
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 |
|---|---|---|---|---|---|---|
| Largan Precision 3008.TW | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% |
| Sunny Optical 2382.HK | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% |
| GeniuS Electronic Optical 3406.TW | $2.81B | +59% | +16% | 20% | 20.1× | 5.9% |
| AAC Technologies 2018.HK | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% |
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 | 3008.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.4% | -40.0% | 5th highest of 21 |
| 6-month return | +76.0% | -27.1% | 2nd highest of 20 |
| Distance from 52-week high | -44.0% | -51.9% | 7th highest of 21 |
| Revenue growth (TTM) | -0.2% | +33.7% | lowest of 21 |
| Operating margin | 35.5% | 12.9% | highest of 21 |
| Forward P/E | 26.0× | 19.3× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.6% | 34.2% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +1.8% | +8.3% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | +10.8 pp | +17.4 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +15.8 pp | +3.3 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Largan Precision 3008.TW | Taiwan | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% | +1.8% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| Victory Giant Technology (HuiZhou) 300476.SZ | China | $18.3B | -62% | +38% | 26% | 17.2× | n/a | n/a |
| Nan Ya Printed Circuit Board 8046.TW | Taiwan | $17.1B | -12% | +34% | 12% | 26.1× | 58.7% | +0.8% |
| Avary Holding (Shenzhen) 002938.SZ | China | $16.2B | -35% | +8% | 10% | 22.4× | n/a | n/a |
| Chaozhou Three-Circle (Group) 6951.HK | Hong Kong | $20.2B | n/a | +74% | 34% | 22.3× | 34.2% | +16.8% |
| Shennan Circuit 002916.SZ | China | $20.4B | -36% | +51% | 18% | 22.6× | n/a | n/a |
| Wus Printed Circuit (Kunshan) 002463.SZ | China | $21.2B | -29% | +61% | 28% | 18.2× | n/a | n/a |
| Ibiden 4062.T | Japan | $22.1B | +164% | +26% | 18% | 39.2× | 39.2% | +5.2% |
| Gold Circuit Electronics 2368.TW | Taiwan | $12.9B | -45% | +68% | 26% | 14.5× | 14.2% | +20.7% |
| Zhen Ding Technology Holding Lt 4958.TW | Taiwan | $12.8B | -12% | +5% | 9% | 18.4× | n/a | n/a |
| Tdk 6762.T | Japan | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% | +11.1% |
| Celestica CLS.TO | Canada | $26.3B | -44% | +61% | 9% | 11.5× | 11.0% | +17.6% |
| Suzhou Dongshan Precision Manufacturing 002384.SZ | China | $26.9B | -57% | +56% | 11% | 18.0× | n/a | n/a |
| Accelink Technologies 002281.SZ | China | $10.8B | -37% | +32% | 11% | 42.6× | n/a | n/a |
| Kinsus Interconnect Technology 3189.TW | Taiwan | $10.7B | +27% | +34% | 14% | 29.4× | 41.2% | +7.7% |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |
| Unimicron Technology 3037.TW | Taiwan | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% | +8.3% |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Shenzhen Kinwong Electronic 603228.SS | China | $8.38B | -23% | +33% | 12% | 22.6× | n/a | n/a |
| Taiwan Union Technology 6274.TWO | Taiwan | $8.21B | -26% | +87% | 23% | 13.9× | n/a | n/a |