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Taiwanese maker of electronic components; specific product lines and customers unconfirmed.
Taiwanese maker of electronic components; specific product lines and customers unconfirmed.
Moat: none
Headquarters: Taiwan · Employees: 785
Size ACES Electronics (3605.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $689M, the 347th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$130.00 on 6 Nov 2026.
Performance Over six months the shares gained 42.5%, against -23.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +20.1%); the operating margin is 5.8% (peer median 5.5%).
Valuation It trades at 17.7× forward earnings against a peer median of 16.1× (7th most expensive of 14).
Capital Return on invested capital runs 1.8 points below its cost of capital (8.0% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$11.7B | NT$10.9B | NT$9.77B | NT$8.49B | NT$10.4B |
| Revenue growth | — | +11% | +15% | -18% | — |
| Gross profit | NT$2.74B | NT$2.56B | NT$2.06B | NT$1.54B | NT$1.98B |
| EBITDA | NT$1.42B | NT$1.32B | NT$1.02B | NT$376M | NT$755M |
| Net income | NT$666M | NT$661M | NT$344M | -NT$267M | NT$225M |
| Free cash flow | -NT$22.9M | -NT$101M | -NT$281M | -NT$297M | NT$42.5M |
| Capital expenditure | NT$1.25B | NT$1.38B | NT$1.29B | NT$1.18B | NT$1.24B |
| Total debt | NT$2.52B | NT$3.24B | NT$3.56B | NT$4.14B | NT$3.89B |
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 | 3605.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.6% | -14.6% | 7th lowest of 21 |
| 6-month return | +42.5% | -23.5% | highest of 21 |
| Distance from 52-week high | -33.0% | -49.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +8.7% | +20.1% | 6th lowest of 21 |
| Operating margin | 5.8% | 5.5% | 11th highest of 21 |
| Forward P/E | 17.7× | 16.1× | 7th most expensive of 14 |
| ROIC minus cost of capital | -1.8 pp | +1.0 pp | 9th lowest of 21 |
| EV / EBITDA | 15.9× | 7.6× | 4th most expensive of 11 |
| Net debt / EBITDA | -0.1× | -0.2× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ACES Electronics 3605.TW | Taiwan | $689M | +43% | +9% | 6% | 17.7× | n/a | n/a |
| Yutong Heavy Industries 600817.SS | China | $685M | -25% | -13% | 9% | 16.1× | -4.9% | +0.1% |
| Unitech Printed Circuit Board 2367.TW | Taiwan | $701M | -46% | -13% | -5% | 45.8× | n/a | n/a |
| Zhejiang Yonggui Electric Equipment 300351.SZ | China | $703M | -47% | +15% | -1% | 30.9× | n/a | n/a |
| Hosiden 6804.T | Japan | $675M | -24% | +41% | 5% | 8.0× | -18.5% | +13.9% |
| Q Technology (Group) 1478.HK | Hong Kong | $674M | -50% | +31% | 3% | 6.9× | n/a | n/a |
| Dalian Dalicap Technology 301566.SZ | China | $670M | -20% | +41% | 45% | n/a | 18.4% | +10.8% |
| Yamaichi Electronics 6941.T | Japan | $670M | -45% | +29% | 24% | 9.5× | 4.7% | +13.7% |
| Isvision (Hangzhou) Technology 688816.SS | China | $713M | -23% | +14% | 11% | n/a | 27.0% | +26.3% |
| Anhui Tongfeng Electronics 600237.SS | China | $714M | -15% | -6% | 10% | 32.8× | 19.8% | +10.7% |
| Newonder Special Electric 301120.SZ | China | $654M | -39% | +22% | 1% | 91.7× | 56.0% | +4.2% |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Qingdao Eastsoft Communication Technology 300183.SZ | China | $745M | -23% | +4% | -6% | n/a | n/a | n/a |
| ASRock 3515.TW | Taiwan | $747M | -16% | +29% | 7% | 8.9× | n/a | n/a |
| Lelon Electronics 2472.TW | Taiwan | $750M | -20% | +10% | 20% | 10.9× | 8.2% | +7.6% |
| Ji'an Mankun Technology 301132.SZ | China | $751M | +38% | +32% | 9% | n/a | n/a | n/a |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Cicor Technologies CICN.SW | Switzerland | $758M | -6% | +26% | 4% | 18.2× | 5.8% | +23.5% |
| Nichicon 6996.T | Japan | $758M | -27% | 0% | 5% | 13.0× | 15.3% | +7.9% |