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Taiwanese maker of cable assemblies and connectors, expanding into EV-charging cables and medical device cables.
Taiwanese maker of cable assemblies and connectors, expanding into EV-charging cables and medical device cables.
Makes cable assemblies to each customer's specification and wins business program by program, so once its design is qualified into a product such as an EV charger or a medical device it ships volumes for that product's life. EV charging and medical cables are the newer lines extending it beyond electronics.
In one line: A cable/connector maker diversifying into EV and medical niches.
Moat: narrow (process know-how, customer qualification). Diversifying qualified cable-assembly manufacturer moving up the value chain into EV/medical niches.
Headquarters: Taiwan · Employees: 5,196
Size SINBON Electronics (3023.TW) is a Taiwan Information Technology company (Electronics Distributors) with a market value of $1.88B, the 176th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$258.50 on 6 Nov 2026.
Performance Over six months the shares fell 10.6%, against -13.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +27.4%); the operating margin is 10.2% (peer median 3.8%).
Valuation It trades at 15.4× forward earnings against a peer median of 16.2× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.8 points above its cost of capital (5.1% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$34.6B | NT$31.0B | NT$33.1B | NT$32.8B | NT$30.6B |
| Revenue growth | — | -6% | +1% | +7% | — |
| Gross profit | NT$8.56B | NT$7.20B | NT$7.90B | NT$8.17B | NT$7.50B |
| EBITDA | n/a | NT$3.80B | NT$4.20B | NT$3.95B | NT$3.85B |
| Net income | NT$3.39B | NT$3.12B | NT$3.53B | NT$3.28B | NT$2.88B |
| Free cash flow | n/a | NT$2.49B | NT$4.82B | NT$4.44B | NT$1.95B |
| Capital expenditure | n/a | NT$858M | NT$779M | NT$604M | NT$732M |
| Total debt | n/a | NT$4.86B | NT$4.40B | NT$4.33B | NT$5.57B |
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 |
|---|---|---|---|---|---|---|
| SINBON Electronics 3023.TW | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% |
| Chicony Electronics 2385.TW | $1.96B | -31% | -8% | 7% | 15.4× | -9.6% |
| Jess-Link Products 6197.TW | $814M | -10% | +21% | 22% | 15.7× | 6.1% |
| Bizlink 3665.TW | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% |
| Cheng Uei Precision Industry 2392.TW | $499M | -8% | -10% | -12% | n/a | n/a |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
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 | 3023.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.8% | -7.5% | 3rd lowest of 21 |
| 6-month return | -10.6% | -13.1% | 10th highest of 21 |
| Distance from 52-week high | -26.9% | -34.7% | 8th highest of 21 |
| Revenue growth (TTM) | +8.9% | +27.4% | 7th lowest of 21 |
| Operating margin | 10.2% | 3.8% | 3rd highest of 21 |
| Forward P/E | 15.4× | 16.2× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -0.1% | -5.0% | 4th most demanding of 9 |
| Growth delivered (Del g) | +7.3% | +8.9% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | -7.4 pp | -12.9 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | +10.8 pp | +2.7 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| Wuhan P&S Information Technology 300184.SZ | China | $1.63B | -29% | +48% | 5% | 15.8× | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| SeSa SES.MI | Italy | $1.53B | -1% | +11% | 4% | 11.4× | -7.1% | +12.0% |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| Shenzhen Aisidi 002416.SZ | China | $1.44B | -44% | +26% | 1% | 22.1× | n/a | n/a |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Kyland Technology 300353.SZ | China | $1.42B | -17% | -6% | -6% | 80.9× | n/a | n/a |
| Telling Telecommunication 000829.SZ | China | $1.41B | -21% | +37% | 0% | 153.2× | n/a | n/a |
| Yubico YUBICO.ST | Sweden | $1.40B | +189% | -9% | 9% | 59.8× | 26.3% | +12.4% |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| HNA Technology 600751.SS | China | $1.11B | -26% | +33% | 0% | n/a | n/a | n/a |
| Shanghai YCT Electronics 301099.SZ | China | $1.02B | -17% | +106% | 6% | 22.6× | n/a | n/a |