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Size FocalTech Systems (3545.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $301M, the 654th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$44.80 on 6 Nov 2026.
Performance Over six months the shares fell 15.5%, against -26.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue fell 20.7% over the last twelve months (peer median +15.4%); the operating margin is -4.5% (peer median 6.2%).
Valuation It trades at 0.4× enterprise value to sales against a peer median of 2.1× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.7 points below its cost of capital (6.4% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$11.1B | NT$12.0B | NT$14.5B | NT$13.6B | NT$12.9B |
| Revenue growth | — | -18% | +7% | +5% | — |
| Gross profit | NT$2.16B | NT$2.60B | NT$3.03B | NT$2.53B | NT$1.12B |
| EBITDA | -NT$10.9M | NT$287M | NT$422M | NT$328M | -NT$2.10B |
| Net income | -NT$1.10B | -NT$991M | NT$574M | NT$362M | -NT$1.91B |
| Free cash flow | NT$1.00B | NT$105M | NT$2.63B | NT$3.54B | -NT$3.97B |
| Capital expenditure | NT$480M | NT$528M | NT$330M | NT$207M | NT$238M |
| Total debt | NT$234M | NT$215M | NT$958M | NT$1.82B | NT$4.06B |
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 | 3545.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | -26.9% | 3rd highest of 21 |
| 6-month return | -15.5% | -26.3% | 4th highest of 19 |
| Distance from 52-week high | -29.4% | -51.7% | 2nd highest of 21 |
| Revenue growth (TTM) | -20.7% | +15.4% | lowest of 20 |
| Operating margin | -4.5% | 6.2% | 3rd lowest of 20 |
| EV / Sales | 0.4× | 2.1× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -17.5% | 13.7% | 2nd least demanding of 14 |
| Growth delivered (Del g) | -2.8% | +7.1% | 2nd lowest of 14 |
| Hurdle (Req g minus delivered) | -14.7 pp | +7.3 pp | 4th least demanding of 14 |
| ROIC minus cost of capital | -16.7 pp | +1.7 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FocalTech Systems 3545.TW | Taiwan | $301M | -15% | -21% | -4% | 0.4× | -17.5% | -2.8% |
| e-Ray Technology 7932.TWO | Taiwan | $302M | n/a | +68% | 6% | 12.0× | n/a | n/a |
| Alltek Technology 3209.TW | Taiwan | $303M | -21% | +22% | 3% | 0.2× | n/a | n/a |
| SEALSQ LAES | United States | $305M | -55% | +145% | -215% | n/a | n/a | n/a |
| Holtek Semiconductor 6202.TW | Taiwan | $297M | -26% | +15% | 10% | 2.1× | 7.4% | -11.3% |
| Kona I 052400.KS | South Korea | $290M | -45% | +16% | 29% | 1.2× | -20.6% | +17.5% |
| P-DUKE Technology 8109.TWO | Taiwan | $288M | -3% | +25% | 36% | 4.2× | -6.5% | +7.5% |
| BE Epitaxy Semiconductor Technology 7415.TWO | Taiwan | $284M | n/a | n/a | n/a | n/a | n/a | n/a |
| Websol Energy System WEBELSOLAR.NS | India | $330M | -37% | +97% | 31% | 2.1× | 9.2% | +46.9% |
| LX Semicon 108320.KS | South Korea | $274M | -63% | -13% | 3% | 0.2× | -11.0% | +7.1% |
| Eris Technology 3675.TWO | Taiwan | $332M | -8% | +15% | 16% | 3.6× | 20.8% | +11.4% |
| OKins Electronics 080580.KS | South Korea | $273M | -18% | +35% | 17% | 3.6× | n/a | n/a |
| Weltrend Semiconductor 2436.TW | Taiwan | $333M | -26% | +19% | 8% | 2.1× | 13.7% | +6.4% |
| Wuxi Hodgen Technology 300279.SZ | China | $335M | -37% | -14% | 5% | 1.3× | 14.6% | +1.7% |
| APAC Opto Electronics 4908.TWO | Taiwan | $341M | -42% | +4% | 21% | 10.9× | 32.8% | +1.9% |
| Laser Tek Taiwan 6207.TWO | Taiwan | $263M | +37% | -7% | 5% | 7.2× | 51.8% | -1.8% |
| Jiangsu Smartwin Electronics Technology 301106.SZ | China | $345M | -37% | +7% | 2% | 2.0× | n/a | n/a |
| Goldkey Technology 3135.TW | Taiwan | $345M | -18% | +217% | 18% | 0.9× | n/a | n/a |
| Actron Technology 8255.TWO | Taiwan | $347M | -24% | -4% | 5% | 1.5× | 14.6% | +21.4% |
| Moschip Technologies MOSCHIP.NS | India | $348M | -26% | -1% | -1% | 6.2× | 48.6% | +40.9% |
| Taiwan Mask 2338.TW | Taiwan | $348M | -31% | -15% | -6% | 2.9× | 10.5% | +5.3% |