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Taiwan distributor of passive components, mainly multilayer ceramic capacitors, solid and aluminium capacitors, plus semiconductors, from Japanese and Korean makers.
Taiwan distributor of passive components, mainly multilayer ceramic capacitors, solid and aluminium capacitors, plus semiconductors, from Japanese and Korean makers.
Earns a distribution margin by reselling passive components, chiefly ceramic, solid and aluminium capacitors, plus some chips, bought under franchise rights from Japanese and Korean makers, so results follow component prices and electronics demand. WT Microelectronics, a larger Taiwanese chip distributor, became its largest shareholder after a share-swap tie-up, and its chairman now leads the company.
Moat: narrow (distribution). Holds franchise rights from Japanese and Korean passive-component brands; the intermediary role is thin-margin.
Headquarters: New Taipei, Taiwan · Founded: 1993
Size Nichidenbo (3090.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $1.09B, the 251st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$125.50 on 6 Nov 2026.
Performance Over six months the shares gained 14.6%, against -22.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 28.2% over the last twelve months (peer median +22.3%); the operating margin is -4.8% (peer median 7.5%).
Valuation It trades at 12.0× forward earnings against a peer median of 22.5× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 57% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +46 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 13.3 points below its cost of capital (9.3% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$19.3B | NT$15.7B | NT$12.1B | NT$10.7B | NT$10.4B |
| Revenue growth | — | +30% | +14% | +2% | — |
| Gross profit | NT$3.75B | NT$2.55B | NT$1.92B | NT$1.61B | NT$1.75B |
| EBITDA | n/a | NT$1.62B | NT$1.14B | NT$903M | NT$920M |
| Net income | NT$2.47B | NT$1.25B | NT$947M | NT$706M | NT$828M |
| Free cash flow | n/a | NT$173M | -NT$127M | NT$873M | NT$1.02B |
| Capital expenditure | n/a | NT$33.0M | NT$4.45M | NT$5.72M | NT$6.59M |
| Total debt | n/a | NT$3.74B | NT$2.33B | NT$1.59B | NT$1.18B |
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 |
|---|---|---|---|---|---|---|
| Nichidenbo 3090.TW | $1.09B | +15% | +28% | -5% | 12.0× | 57.2% |
| WPG 3702.TW | $4.78B | -12% | +29% | 2% | 4.4× | n/a |
| WT Microelectronics 3036.TW | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
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 | 3090.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.5% | -14.0% | 9th lowest of 21 |
| 6-month return | +14.6% | -22.1% | 4th highest of 21 |
| Distance from 52-week high | -65.6% | -46.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +28.2% | +22.3% | 9th highest of 21 |
| Operating margin | -4.8% | 7.5% | 2nd lowest of 21 |
| Forward P/E | 12.0× | 22.5× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 57.2% | 17.8% | most demanding of 8 |
| Growth delivered (Del g) | +11.2% | +8.1% | 3rd highest of 8 |
| Hurdle (Req g minus delivered) | +45.9 pp | +4.4 pp | most demanding of 8 |
| ROIC minus cost of capital | -13.3 pp | -2.1 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nichidenbo 3090.TW | Taiwan | $1.09B | +15% | +28% | -5% | 12.0× | 57.2% | +11.2% |
| Korea Circuit 007810.KS | South Korea | $1.09B | -36% | +21% | 6% | 15.1× | n/a | n/a |
| Goode EIS (Suzhou) 301680.SZ | China | $1.09B | -16% | +68% | 18% | n/a | n/a | n/a |
| Changzhou Aohong Electronics 605058.SS | China | $1.08B | +46% | +21% | 15% | n/a | 8.1% | +8.9% |
| Tong Hsing Electronic Industries ,Ltd 6271.TW | Taiwan | $1.06B | -5% | +5% | 17% | 13.5× | 7.6% | +2.6% |
| Shenzhen United Winners Laser 688518.SS | China | $1.12B | -23% | +23% | 5% | 22.5× | 31.2% | +30.1% |
| Browave 3163.TWO | Taiwan | $1.13B | -62% | +21% | 4% | 66.3× | n/a | n/a |
| Shenzhen Edadoc Technology 301366.SZ | China | $1.13B | +18% | +51% | 12% | n/a | n/a | n/a |
| Gosuncn Technology 300098.SZ | China | $1.04B | -27% | +20% | -3% | 50.1× | 33.2% | -3.1% |
| Sungho Electronics 043260.KS | South Korea | $1.04B | -54% | +44% | 4% | n/a | n/a | n/a |
| Shenzhen SEG 000058.SZ | China | $1.02B | -20% | -1% | 9% | n/a | 9.7% | +5.3% |
| Guangdong Cellwise Microelectronics 688325.SS | China | $1.18B | -24% | +18% | 7% | n/a | n/a | n/a |
| Sihui Fuji Electronics Technology 300852.SZ | China | $1.18B | +8% | +48% | 13% | n/a | n/a | n/a |
| Bomin Electronics 603936.SS | China | $1.18B | -21% | +19% | 1% | n/a | n/a | n/a |
| Bellwether Electronic 7861.TWO | Taiwan | $1.20B | -31% | +113% | 30% | n/a | 17.8% | +53.7% |
| WCON Electronics 301328.SZ | China | $986M | -3% | +34% | 16% | 44.6× | n/a | n/a |
| Sunshine Global Circuits 300739.SZ | China | $1.22B | -19% | +36% | 7% | n/a | n/a | n/a |
| Dongguan YuTong Optical Technology 300790.SZ | China | $1.23B | -24% | +21% | 8% | 18.2× | n/a | n/a |
| Zhejiang Zuch Technology 301280.SZ | China | $971M | -24% | +25% | 13% | 21.3× | n/a | n/a |
| Officina Stellare OS.MI | Italy | $969M | +47% | +239% | -11% | 107.2× | n/a | n/a |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | n/a | 18.0% | +8.1% |