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Size USUN Technology (3498.TWO) is a Taiwan Industrials company (Industrial Machinery) with a market value of $344M, the 598th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$192.50 on 6 Nov 2026.
Performance Over six months the shares gained 90.6%, against -23.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 38.3% over the last twelve months (peer median +7.3%); the operating margin is 17.7% (peer median 2.2%).
Valuation It trades at 4.9× enterprise value to sales against a peer median of 1.9× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +20 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.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$1.81B | NT$1.36B | NT$947M | NT$1.20B | NT$1.74B |
| Revenue growth | — | +43% | -21% | -31% | — |
| Gross profit | NT$741M | NT$495M | NT$248M | NT$304M | NT$417M |
| EBITDA | NT$352M | NT$159M | -NT$188M | -NT$139M | -NT$21.6M |
| Net income | NT$269M | NT$29.1M | -NT$151M | -NT$146M | NT$103M |
| Free cash flow | NT$967M | NT$215M | NT$39.5M | NT$23.9M | NT$110M |
| Capital expenditure | NT$15.4M | NT$6.32M | NT$7.40M | NT$15.1M | NT$29.2M |
| Total debt | NT$35.1M | NT$65.8M | NT$114M | NT$74.7M | NT$169M |
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.
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 | 3498.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -11.4% | 4th lowest of 21 |
| 6-month return | +90.6% | -23.1% | highest of 20 |
| Distance from 52-week high | -30.5% | -36.9% | 8th highest of 21 |
| Revenue growth (TTM) | +38.3% | +7.3% | 3rd highest of 21 |
| Operating margin | 17.7% | 2.2% | 2nd highest of 21 |
| EV / Sales | 4.9× | 1.9× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 13.7% | -2.0% | 3rd most demanding of 14 |
| Growth delivered (Del g) | -6.6% | +7.4% | 2nd lowest of 14 |
| Hurdle (Req g minus delivered) | +20.2 pp | -5.7 pp | 3rd most demanding of 14 |
| EV / EBITDA | 25.4× | 13.7× | 3rd most expensive of 10 |
| Net debt / EBITDA | -6.9× | 0.7× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| USUN Technology 3498.TWO | Taiwan | $344M | +91% | +38% | 18% | 4.9× | 13.7% | -6.6% |
| Bin Chuan Enterprise 1569.TWO | Taiwan | $343M | +25% | -6% | -15% | 4.1× | n/a | n/a |
| Sintokogio,Ltd 6339.T | Japan | $342M | +3% | +5% | 2% | 0.4× | 9.8% | +16.4% |
| Suregiant Technology 7669.TWO | Taiwan | $342M | -39% | +150% | 51% | 44.2× | n/a | n/a |
| Trusval Technology 6667.TWO | Taiwan | $346M | -20% | +27% | 11% | 1.7× | 2.1% | +37.4% |
| Ningbo Lehui International Engineering Equipment 603076.SS | China | $341M | -41% | +22% | 2% | 1.4× | 34.4% | +13.0% |
| Dalian Zhiyun Automation 300097.SZ | China | $341M | -27% | +33% | -68% | 10.9× | n/a | n/a |
| Hangzhou Kaierda Welding Robot 688255.SS | China | $341M | -30% | +21% | 5% | 2.6× | 28.0% | +1.8% |
| Ebara Jitsugyo 6328.T | Japan | $347M | -8% | +4% | 15% | 0.9× | -3.3% | +6.4% |
| Jiangsu Newamstar Packaging Machinery 300509.SZ | China | $340M | -33% | +16% | 12% | 1.3× | -5.1% | +11.9% |
| Zhejiang Dibay Electric 603320.SS | China | $348M | -36% | -2% | 7% | 2.1× | 11.5% | +6.3% |
| Funeng Oriental Equipment Technology 300173.SZ | China | $339M | -28% | -22% | -14% | 2.6× | n/a | n/a |
| ReTech Environmental Solutions 7934.TWO | Taiwan | $350M | n/a | +13% | 16% | 8.4× | n/a | n/a |
| Mimaki Engineering 6638.T | Japan | $351M | +25% | +1% | 12% | 0.8× | -2.7% | +11.4% |
| Jiangsu Chunlan Refrigerating Equipment Stock 600854.SS | China | $337M | -20% | +41% | -20% | 6.5× | -10.7% | -17.0% |
| China Western Power Industrial 002630.SZ | China | $336M | -5% | -53% | -24% | 6.3× | -2.0% | -5.3% |
| Junhe Pumps 603617.SS | China | $352M | -21% | +9% | 5% | 1.8× | n/a | n/a |
| NORMA NOEJ.DE | Germany | $353M | -23% | -21% | -4% | 0.4× | -8.6% | -2.9% |
| Mayville Engineering MEC | United States | $335M | -52% | +15% | -1% | 0.8× | n/a | n/a |
| Zhejiang Double Arrow Rubber 002381.SZ | China | $333M | -19% | -4% | 1% | 1.0× | 5.7% | +8.1% |
| Dalian Haosen Intelligent Manufacturing 688529.SS | China | $333M | -33% | -19% | -83% | 3.0× | -4.2% | +7.4% |