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One of Asia's largest electronic-component distributors, supplying chips from global semiconductor makers.
One of Asia's largest electronic-component distributors, supplying chips from global semiconductor makers.
Buys chips in bulk from semiconductor makers and resells them to equipment manufacturers, earning a small mark-up, so revenue is large relative to profit and swings with inventory cycles and chip pricing. Each maker's product line is carried under a distribution agreement the supplier controls.
In one line: Taiwan's Avnet/Arrow Electronics.
Moat: narrow (scale, distribution). Scale and supplier franchise agreements make it a preferred regional distribution partner.
Headquarters: Taipei, Taiwan · Founded: 1997 · Employees: 7,597
Size WT Microelectronics (3036.TW) is a Taiwan Information Technology company (Electronics Distributors) with a market value of $7.53B, the 68th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$185.50 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -7.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th lowest of 19 in its peer set.
Growth Revenue grew 70.5% over the last twelve months (peer median +32.6%); the operating margin is 2.0% (peer median 3.8%).
Valuation It trades at 6.3× forward earnings against a peer median of 12.8× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -39 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$1.76T | NT$1.18T | NT$959B | NT$595B | NT$571B |
| Revenue growth | — | +23% | +61% | +4% | — |
| Gross profit | NT$61.1B | NT$45.9B | NT$36.2B | NT$17.9B | NT$19.4B |
| EBITDA | NT$36.4B | NT$22.6B | NT$16.7B | NT$8.76B | NT$12.2B |
| Net income | NT$24.7B | NT$13.3B | NT$8.84B | NT$3.74B | NT$7.36B |
| Free cash flow | NT$24.0B | NT$16.3B | NT$42.2B | NT$40.8B | -NT$6.35B |
| Capital expenditure | NT$2.01B | NT$1.94B | NT$319M | NT$382M | NT$321M |
| Total debt | NT$66.4B | NT$71.6B | NT$102B | NT$33.6B | NT$57.8B |
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 |
|---|---|---|---|---|---|---|
| WT Microelectronics 3036.TW | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% |
| WPG 3702.TW | $4.78B | -12% | +29% | 2% | 4.4× | n/a |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
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 | 3036.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.1% | -10.8% | 9th lowest of 19 |
| 6-month return | -11.2% | -7.8% | 7th lowest of 19 |
| Distance from 52-week high | -39.8% | -28.3% | 6th lowest of 19 |
| Revenue growth (TTM) | +70.5% | +32.6% | 4th highest of 19 |
| Operating margin | 2.0% | 3.8% | 3rd lowest of 19 |
| Forward P/E | 6.3× | 12.8× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -11.9% | 0.1% | least demanding of 10 |
| Growth delivered (Del g) | +27.2% | +8.4% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | -39.2 pp | -11.3 pp | least demanding of 10 |
| ROIC minus cost of capital | +13.1 pp | +2.8 pp | 4th highest of 19 |
| Net debt / EBITDA | 0.8× | 1.4× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WT Microelectronics 3036.TW | Taiwan | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% | +27.2% |
| Avnet AVT | United States | $6.52B | -3% | +44% | 4% | 5.5× | n/a | n/a |
| Arrow Electronics ARW | United States | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% | +1.5% |
| Puya Semiconductor (Shanghai) 688766.SS | China | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% | +26.5% |
| Canon Marketing Japan 8060.T | Japan | $5.26B | +5% | +3% | 10% | 17.1× | -7.2% | +4.5% |
| WPG 3702.TW | Taiwan | $4.78B | -12% | +29% | 2% | 4.4× | n/a | n/a |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| TD SYNNEX SNX | United States | $17.4B | -9% | +24% | 3% | 9.3× | n/a | n/a |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |