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Taiwanese maker of crystal oscillators and quartz timing components used across consumer, telecom and automotive electronics.
Taiwanese maker of crystal oscillators and quartz timing components used across consumer, telecom and automotive electronics.
Sells small components that almost every connected device needs for timing, so unit prices are low and volume and product mix drive earnings; automotive and telecom parts fetch more than consumer ones. Demand follows the cycle in phones, PCs and network equipment, with price pressure from rivals.
In one line: A Taiwanese timing-component maker akin to a smaller Abracon.
Moat: narrow (process know-how, scale). Precision quartz-component manufacturing at scale, embedded in diverse electronics supply chains.
Headquarters: Taoyuan, Taiwan · Founded: 1972
Size TXC (3042.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $1.28B, the 229th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$123.00 on 6 Nov 2026.
Performance Over six months the shares fell 25.7%, against -23.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +19.7%); the operating margin is 16.6% (peer median 5.9%).
Valuation It trades at 14.4× forward earnings against a peer median of 21.0× (cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +7 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 2.2 points above its cost of capital (9.4% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$14.6B | NT$13.3B | NT$12.7B | NT$10.9B | NT$13.2B |
| Revenue growth | — | +5% | +17% | -18% | — |
| Gross profit | NT$5.57B | NT$4.10B | NT$4.19B | NT$3.55B | NT$4.73B |
| EBITDA | n/a | NT$3.25B | NT$3.29B | NT$3.07B | NT$4.04B |
| Net income | NT$2.16B | NT$1.80B | NT$2.14B | NT$1.71B | NT$2.81B |
| Free cash flow | n/a | NT$2.29B | NT$211M | NT$2.20B | NT$2.16B |
| Capital expenditure | n/a | NT$1.23B | NT$2.49B | NT$976M | NT$1.27B |
| Total debt | n/a | NT$2.07B | NT$2.14B | NT$4.01B | NT$4.12B |
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 |
|---|---|---|---|---|---|---|
| TXC 3042.TW | $1.28B | -26% | +9% | 17% | 14.4× | 10.7% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
| Kyocera 6971.T | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% |
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 | 3042.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -44.6% | -19.8% | lowest of 21 |
| 6-month return | -25.7% | -23.4% | 10th lowest of 20 |
| Distance from 52-week high | -50.8% | -52.1% | 10th highest of 21 |
| Revenue growth (TTM) | +9.0% | +19.7% | 9th lowest of 21 |
| Operating margin | 16.6% | 5.9% | 3rd highest of 21 |
| Forward P/E | 14.4× | 21.0× | cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 10.7% | 20.9% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +3.9% | +13.6% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | +6.8 pp | +4.6 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +2.2 pp | -4.4 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 14.4× | 10.7% | +3.9% |
| Grand Process Technology 3131.TWO | Taiwan | $1.27B | -51% | +38% | 22% | 18.3× | 13.0% | +21.2% |
| Shenzhen Hui Chuang Da Technology 300909.SZ | China | $1.26B | +4% | +3% | 2% | n/a | n/a | n/a |
| Maxvision Technology 002990.SZ | China | $1.26B | -39% | +36% | 14% | n/a | n/a | n/a |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | n/a | n/a | n/a |
| WindSun Science & Technology 688663.SS | China | $1.23B | -14% | -9% | 3% | 36.5× | 48.5% | +18.9% |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 15.3× | 17.5% | +27.2% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | n/a | 24.4% | +18.8% |
| Aurora Optoelectronics 600666.SS | China | $1.22B | -44% | +44% | -15% | n/a | 35.2% | -1.9% |
| Fuman Microelectronics 300671.SZ | China | $1.21B | -22% | +71% | 3% | n/a | n/a | n/a |
| Shenzhen Fenda Technology 002681.SZ | China | $1.19B | -15% | +7% | -1% | n/a | 27.1% | -5.2% |
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | n/a | -4.4% | +5.0% |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | n/a | n/a | n/a |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 42.5× | 44.4% | +8.4% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 18.8× | 3.9% | +0.2% |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 53.2× | n/a | n/a |
| Suzhou Betely Polymer Materials 301697.SZ | China | $1.44B | n/a | +45% | 5% | n/a | n/a | n/a |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | n/a | n/a | n/a |
| Shenzhen AV-Display 300939.SZ | China | $1.07B | +54% | +5% | 3% | n/a | n/a | n/a |
| I-Chiun Precision Industry 2486.TW | Taiwan | $1.05B | -53% | +25% | 7% | 23.3× | n/a | n/a |
| Shenzhen Sinexcel Electric 300693.SZ | China | $1.57B | -28% | +27% | 15% | 17.2× | 13.1% | +35.0% |