Loading…
Taiwanese precision-metal maker of thermal modules, lead frames and connectors for electronics, EV and telecom customers.
Taiwanese precision-metal maker of thermal modules, lead frames and connectors for electronics, EV and telecom customers.
Sells metal parts that carry heat away from chips, paid per piece on programmes won chip generation by generation, so volume follows its customers' chip launches. Lead frames, the metal base on which a chip is mounted in its package, are the older line.
In one line: A small Taiwanese precision-parts supplier.
Moat: narrow (process know-how, customer qualification). Precision metal-forming/plating processes qualified into customer designs.
Headquarters: Taoyuan, Taiwan · Founded: 1987
Size Jentech Precision Industrial (3653.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $23.1B, the 25th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$5,225 on 6 Nov 2026.
Performance Over six months the shares gained 9.3%, against +6.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 14 in its peer set.
Growth Revenue grew 27.7% over the last twelve months (peer median +12.2%); the operating margin is 33.1% (peer median 11.0%).
Valuation It trades at 48.3× forward earnings against a peer median of 16.8× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is +8 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 41.8 points above its cost of capital (5.9% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$22.9B | NT$20.3B | NT$14.3B | NT$12.1B | NT$12.0B |
| Revenue growth | — | +42% | +18% | 0% | — |
| Gross profit | NT$9.63B | NT$8.31B | NT$5.24B | NT$3.93B | NT$4.22B |
| EBITDA | NT$8.28B | NT$7.15B | NT$4.40B | NT$3.21B | NT$3.50B |
| Net income | NT$6.50B | NT$5.28B | NT$3.43B | NT$2.30B | NT$2.61B |
| Free cash flow | NT$3.63B | NT$3.71B | NT$2.38B | NT$2.75B | NT$2.01B |
| Capital expenditure | NT$1.78B | NT$1.29B | NT$2.82B | NT$690M | NT$1.10B |
| Total debt | NT$107M | NT$100M | NT$89.3M | NT$822M | NT$2.23B |
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 |
|---|---|---|---|---|---|---|
| Jentech Precision Industrial 3653.TW | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% |
| Asia Vital Components 3017.TW | $27.4B | -15% | +99% | 24% | 17.5× | 9.0% |
| AURAS Technology 3324.TWO | $2.90B | -10% | +71% | 16% | 15.1× | n/a |
| Delta Electronic 2308.TW | $82.9B | -51% | +38% | 17% | 19.0× | 18.5% |
| Mitsui High-Tec 6966.T | $892M | +20% | +10% | 8% | 9.2× | n/a |
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 | 3653.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.5% | -21.6% | 5th lowest of 14 |
| 6-month return | +9.3% | +6.6% | 7th highest of 14 |
| Distance from 52-week high | -29.8% | -38.6% | 6th highest of 14 |
| Revenue growth (TTM) | +27.7% | +12.2% | 3rd highest of 14 |
| Operating margin | 33.1% | 11.0% | 2nd highest of 14 |
| Forward P/E | 48.3× | 16.8× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 32.5% | 7.3% | 2nd most demanding of 7 |
| Growth delivered (Del g) | +24.3% | +7.5% | highest of 7 |
| Hurdle (Req g minus delivered) | +8.3 pp | +5.0 pp | 4th least demanding of 7 |
| ROIC minus cost of capital | +41.8 pp | +4.8 pp | 2nd highest of 13 |
| EV / EBITDA | 90.8× | 12.5× | most expensive of 8 |
| Net debt / EBITDA | -1.4× | -0.9× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jentech Precision Industrial 3653.TW | Taiwan | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% | +24.3% |
| Canon 7751.T | Japan | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% | +7.9% |
| Everpure P | United States | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% | +16.8% |
| NetApp NTAP | United States | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% | +3.8% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | n/a | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% | +7.2% |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 29.2× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |