Which companies are Alliance Material's closest peers?

The cockpit's peer set: Cosonic Intelligent Technologies (300793.SZ), Guangdong Hotata Technology (603848.SS), Bear Electric Appliance (002959.SZ), Ningbo Dechang Electrical Machinery Made (605555.SS), Guoguang Electric (002045.SZ), JS Global Lifestyle (1691.HK), Guangdong Hongjing Optoelectronic Technology (301479.SZ), Tonze New Energy Technology (002759.SZ).

How has Alliance Material stock performed?

Over six months to 6 Nov 2026 the shares returned -71.3% against -18.8% for the median peer; over one year +118.5%.

← CockpitCompetitor Analysis › 3595.TWO Alliance Material Co., Ltd.Open in the cockpit ↗

Alliance Material Co., Ltd.3595.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Consumer Discretionary›Electronics/Appliances

Taiwanese maker of electronics and appliance-related materials or components; specific product lines and customers unconfirmed.

Momentum laggard 0

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$760M

US dollars, full cap

$/day

$28.7M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

+8.3 pp

WACC 7.2%

Hurdle

+48 pp

Req g minus delivered

Close · TWDNT$619.00

1D-1.8%

1W-10.7%

1M-55.8%

3M-56.9%

6M-71.3%

YTD+143.1%

1Y+118.5%

ATR %27.7%

52w lowhigh75.2% off high

What Alliance Material does

Taiwanese maker of electronics and appliance-related materials or components; specific product lines and customers unconfirmed.

Where it sits in the supply chain

Consumer Discretionary
Electronics/appliances
Component/materials manufacturing

Moat: none

Headquarters: Taiwan

Alliance Material at a glance

Size Alliance Material (3595.TWO) is a Taiwan Consumer Discretionary company (Electronics/Appliances) with a market value of $760M, the 328th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$619.00 on 6 Nov 2026.

Performance Over six months the shares fell 71.3%, against -18.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 199.9% over the last twelve months (peer median +5.0%); the operating margin is 35.0% (peer median 7.5%).

Valuation It trades at 50.4× enterprise value to sales against a peer median of 1.4× (most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +48 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 8.3 points above its cost of capital (7.2% WACC).

Relative performance

Six months, rebased to 100: Alliance Material against the median of its 20 peers (local-currency closes).

Alliance Material financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	n/a	NT$499M	NT$167M	NT$223M	NT$380M
Revenue growth	—	+200%	-25%	-41%	—
Gross profit	n/a	NT$286M	NT$24.2M	NT$63.2M	NT$91.4M
EBITDA	n/a	NT$195M	-NT$22.0M	NT$20.4M	NT$41.5M
Net income	n/a	NT$145M	-NT$34.3M	NT$4.77M	NT$27.9M
Free cash flow	n/a	NT$165M	-NT$73.7M	-NT$43.1M	-NT$35.9M
Capital expenditure	n/a	NT$23.0M	NT$45.2M	NT$93.6M	NT$89.3M
Total debt	n/a	NT$3.52M	NT$225M	NT$141M	NT$61.2M

Quarterly statements and history in the cockpit →

Alliance Material competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Alliance Material is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Alliance Material is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Alliance Material is the large dot.

Alliance Material competitors and peer comparison

How Alliance Material compares with its peers

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.

Alliance Material against its 20 peers (data as of 6 Nov 2026)
Measure	3595.TWO	Peer median	Rank in peer set
1-month return	-55.8%	-5.9%	lowest of 21
6-month return	-71.3%	-18.8%	lowest of 21
Distance from 52-week high	-75.2%	-39.8%	2nd lowest of 21
Revenue growth (TTM)	+199.9%	+5.0%	highest of 21
Operating margin	35.0%	7.5%	highest of 21
EV / Sales	50.4×	1.4×	most expensive of 21
Growth the price implies (Req g, 7 yrs)	45.5%	5.7%	2nd most demanding of 14
Growth delivered (Del g)	-2.5%	+5.9%	4th lowest of 14
Hurdle (Req g minus delivered)	+48.0 pp	-3.3 pp	2nd most demanding of 14
ROIC minus cost of capital	+8.3 pp	-1.1 pp	4th highest of 21
Net debt / EBITDA	-1.1×	-2.6×	3rd most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Alliance Material 3595.TWO	Taiwan	$760M	-71%	+200%	35%	50.4×	45.5%	-2.5%
Cosonic Intelligent Technologies 300793.SZ	China	$747M	-7%	+15%	-5%	1.9×	50.0%	-4.4%
Guangdong Hotata Technology 603848.SS	China	$736M	-24%	+7%	13%	3.1×	17.0%	+5.9%
Bear Electric Appliance 002959.SZ	China	$794M	-18%	-7%	7%	0.9×	-6.6%	+7.5%
Ningbo Dechang Electrical Machinery Made 605555.SS	China	$794M	-29%	+11%	2%	1.1×	11.9%	+16.8%
Guoguang Electric 002045.SZ	China	$807M	-13%	-17%	-4%	1.1×	n/a	n/a
JS Global Lifestyle 1691.HK	Hong Kong	$808M	+9%	0%	0%	0.3×	23.1%	-16.8%
Guangdong Hongjing Optoelectronic Technology 301479.SZ	China	$810M	-46%	+19%	8%	3.0×	n/a	n/a
Tonze New Energy Technology 002759.SZ	China	$694M	-68%	+106%	16%	1.4×	n/a	n/a
Aucma 600336.SS	China	$675M	-24%	-15%	-7%	1.1×	n/a	n/a
Harvia HARVIA.HE	Finland	$858M	+7%	+12%	19%	3.8×	14.0%	+12.8%
Appotronics 688007.SS	China	$662M	-35%	-47%	-20%	3.5×	n/a	n/a
Doshisha 7483.T	Japan	$660M	-12%	+3%	9%	0.3×	-19.9%	+3.5%
Kyung Dong Navien 009450.KS	South Korea	$650M	-21%	+5%	13%	0.7×	-17.8%	+11.5%
Shenzhen Textile (Holdings) 000045.SZ	China	$646M	-25%	-4%	3%	1.5×	5.7%	+9.0%
Xiamen Comfort Science & Technology 002614.SZ	China	$640M	+19%	+12%	0%	0.8×	3.9%	-6.3%
Guangdong Avcit Technology 001229.SZ	China	$634M	+11%	+11%	10%	15.9×	43.0%	+6.8%
Zojirushi 7965.T	Japan	$621M	-5%	+5%	8%	0.8×	-9.0%	+4.0%
Suzhou Alton Electrical & Mechanical Industry 301187.SZ	China	$620M	-20%	+30%	9%	2.0×	n/a	n/a
Zhejiang Entive Smart Kitchen Appliance 300911.SZ	China	$619M	-28%	-51%	-50%	17.8×	n/a	n/a
Whirlpool China 600983.SS	China	$936M	-13%	-2%	11%	1.4×	-7.2%	-1.9%

Questions

Which companies are Alliance Material's closest peers?: The cockpit's peer set: Cosonic Intelligent Technologies (300793.SZ), Guangdong Hotata Technology (603848.SS), Bear Electric Appliance (002959.SZ), Ningbo Dechang Electrical Machinery Made (605555.SS), Guoguang Electric (002045.SZ), JS Global Lifestyle (1691.HK), Guangdong Hongjing Optoelectronic Technology (301479.SZ), Tonze New Energy Technology (002759.SZ).
Is Alliance Material expensive compared with its peers?: On ev / sales it trades at 50.4× against a peer median of 1.4×, most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +48 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.
How has Alliance Material stock performed?: Over six months to 6 Nov 2026 the shares returned -71.3% against -18.8% for the median peer; over one year +118.5%.