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Taiwanese maker of optical components — isolators and WDM devices — used in fiber-optic telecom networks.
Taiwanese maker of optical components — isolators and WDM devices — used in fiber-optic telecom networks.
Moat: narrow (process know-how). Niche precision optical-component manufacturing for telecom networks.
Headquarters: Taiwan
Size Browave (3163.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $1.13B, the 245th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$395.00 on 6 Nov 2026.
Performance Over six months the shares fell 62.0%, against -22.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 20.8% over the last twelve months (peer median +20.8%); the operating margin is 4.5% (peer median 6.8%).
Valuation It trades at 66.3× forward earnings against a peer median of 17.6× (most expensive of 9).
Capital Return on invested capital runs 2.5 points below its cost of capital (9.9% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$2.41B | NT$2.23B | NT$1.94B | NT$2.78B | NT$3.21B |
| Revenue growth | — | +15% | -30% | -13% | — |
| Gross profit | NT$430M | NT$402M | NT$279M | NT$556M | NT$795M |
| EBITDA | NT$253M | NT$233M | NT$137M | NT$353M | NT$571M |
| Net income | NT$789M | NT$501M | NT$463M | NT$436M | NT$452M |
| Free cash flow | -NT$286M | NT$161,000 | -NT$203M | NT$673M | NT$540M |
| Capital expenditure | NT$301M | NT$149M | NT$71.8M | NT$104M | NT$78.4M |
| Total debt | NT$176M | NT$168M | NT$177M | NT$42.8M | NT$360M |
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 |
|---|---|---|---|---|---|---|
| Browave 3163.TWO | $1.13B | -62% | +21% | 4% | 66.3× | n/a |
| FOCI Fiber Optic Communications 3363.TWO | $1.24B | -59% | -2% | -16% | 92.0× | n/a |
| EZconn 6442.TW | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% |
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 | 3163.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -44.3% | -19.9% | lowest of 21 |
| 6-month return | -62.0% | -22.1% | lowest of 21 |
| Distance from 52-week high | -64.7% | -47.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +20.8% | +20.8% | 11th highest of 21 |
| Operating margin | 4.5% | 6.8% | 6th lowest of 21 |
| Forward P/E | 66.3× | 17.6× | most expensive of 9 |
| ROIC minus cost of capital | -2.5 pp | -2.6 pp | 11th highest of 21 |
| Net debt / EBITDA | -8.4× | -0.4× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Shenzhen United Winners Laser 688518.SS | China | $1.12B | -23% | +23% | 5% | 22.5× | 31.2% | +30.1% |
| Goode EIS (Suzhou) 301680.SZ | China | $1.09B | -16% | +68% | 18% | n/a | n/a | n/a |
| 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 |
| 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 |
| Changzhou Aohong Electronics 605058.SS | China | $1.08B | +46% | +21% | 15% | n/a | 8.1% | +8.9% |
| Bellwether Electronic 7861.TWO | Taiwan | $1.20B | -31% | +113% | 30% | n/a | 17.8% | +53.7% |
| Tong Hsing Electronic Industries ,Ltd 6271.TW | Taiwan | $1.06B | -5% | +5% | 17% | 13.5× | 7.6% | +2.6% |
| Sunshine Global Circuits 300739.SZ | China | $1.22B | -19% | +36% | 7% | n/a | n/a | n/a |
| Gosuncn Technology 300098.SZ | China | $1.04B | -27% | +20% | -3% | 50.1× | 33.2% | -3.1% |
| Dongguan YuTong Optical Technology 300790.SZ | China | $1.23B | -24% | +21% | 8% | 18.2× | n/a | n/a |
| Sungho Electronics 043260.KS | South Korea | $1.04B | -54% | +44% | 4% | n/a | n/a | n/a |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | n/a | 18.0% | +8.1% |
| Wenzhou Yihua Connector 002897.SZ | China | $1.24B | -26% | -7% | 6% | 16.9× | 15.2% | +14.4% |
| Shenzhen SEG 000058.SZ | China | $1.02B | -20% | -1% | 9% | n/a | 9.7% | +5.3% |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | China | $1.28B | -30% | -2% | 8% | 25.5× | 24.4% | +1.1% |
| Huizhou CEE Technology 002579.SZ | China | $1.29B | 0% | -2% | -2% | n/a | n/a | n/a |