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Employees: 10,764
Size TPK (3673.TW) is a Taiwan Information Technology company (Telecommunications Equipment) with a market value of $701M, the 342nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$57.00 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -30.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +5.7%); the operating margin is -0.4% (peer median -4.0%).
Valuation It trades at 12.5× forward earnings against a peer median of 43.7× (3rd cheapest of 11).
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 -11%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.8 points below its cost of capital (5.4% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$67.6B | NT$62.8B | NT$68.9B | NT$69.9B | NT$97.2B |
| Revenue growth | — | -9% | -1% | -28% | — |
| Gross profit | NT$4.22B | NT$3.64B | NT$2.55B | NT$2.83B | NT$3.62B |
| EBITDA | NT$2.28B | NT$3.00B | NT$2.97B | NT$3.71B | NT$4.57B |
| Net income | NT$1.86B | NT$1.10B | NT$473M | NT$208M | NT$544M |
| Free cash flow | NT$2.74B | NT$3.53B | NT$2.94B | NT$8.61B | NT$2.87B |
| Capital expenditure | NT$1.14B | NT$931M | NT$990M | NT$1.07B | NT$1.07B |
| Total debt | NT$28.2B | NT$27.8B | NT$28.9B | NT$32.5B | NT$27.6B |
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 | 3673.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.8% | -9.9% | 2nd lowest of 21 |
| 6-month return | -8.8% | -30.1% | 5th highest of 21 |
| Distance from 52-week high | -42.4% | -52.2% | 7th highest of 21 |
| Revenue growth (TTM) | +1.4% | +5.7% | 10th lowest of 21 |
| Operating margin | -0.4% | -4.0% | 10th highest of 21 |
| Forward P/E | 12.5× | 43.7× | 3rd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | -14.1% | 32.3% | least demanding of 5 |
| Growth delivered (Del g) | -11.3% | -6.3% | lowest of 5 |
| Hurdle (Req g minus delivered) | -2.8 pp | +33.4 pp | least demanding of 5 |
| ROIC minus cost of capital | -5.8 pp | -5.6 pp | 10th lowest of 20 |
| Net debt / EBITDA | -7.7× | -0.2× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TPK 3673.TW | Taiwan | $701M | -9% | +1% | 0% | 12.5× | -14.1% | -11.3% |
| H&R Century Union 000892.SZ | China | $699M | -4% | +21% | -52% | n/a | n/a | n/a |
| Creotech Instruments CRI.WA | Poland | $697M | +15% | +96% | 11% | 85.5× | n/a | n/a |
| Suzhou Shijia Science & Technology 002796.SZ | China | $696M | -67% | -4% | -7% | n/a | 38.8% | -10.4% |
| Beijing UniStrong Science & Technology 002383.SZ | China | $712M | -30% | -1% | -15% | n/a | n/a | n/a |
| Suzhou Keda Technology 603660.SS | China | $713M | -31% | -32% | -59% | n/a | n/a | n/a |
| Sichuan Tianyi Comheart Telecom 300504.SZ | China | $685M | -1% | +17% | 3% | n/a | n/a | n/a |
| Frequency Electronics FEIM | United States | $679M | +3% | +6% | 8% | 51.7× | n/a | n/a |
| ShenZhen Consys Science & Technology 688788.SS | China | $746M | -41% | -22% | -173% | n/a | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 6.2× | n/a | n/a |
| Zhiyang Innovation Technology 688191.SS | China | $753M | -53% | -2% | -8% | 57.9× | n/a | n/a |
| GHT 300711.SZ | China | $650M | -26% | +29% | 14% | n/a | n/a | n/a |
| Shenzhen Coship Electronics 002052.SZ | China | $757M | -34% | -75% | -5% | n/a | n/a | n/a |
| Filtronic FTC.L | United Kingdom | $639M | -41% | -1% | 7% | 72.5× | 59.4% | +29.0% |
| Guangzhou Hi-Target Navigation Tech 300177.SZ | China | $635M | -30% | -25% | -32% | n/a | 25.8% | -10.6% |
| Beijing Jiaxun Feihong Electrical 300213.SZ | China | $634M | -15% | -9% | -17% | 33.9× | 20.0% | -2.1% |
| MeiG Smart Technology 3268.HK | Hong Kong | $628M | -30% | +31% | 7% | 16.2× | n/a | n/a |
| Zhejiang Shengyang Science & Technology 603703.SS | China | $624M | -26% | +38% | -3% | n/a | n/a | n/a |
| Queclink Wireless Solutions 300590.SZ | China | $619M | -39% | +37% | 9% | 35.7× | n/a | n/a |
| Chengdu M&S Electronics Technology 688311.SS | China | $618M | -32% | +66% | -22% | 52.3× | n/a | n/a |
| Sercomm 5388.TW | Taiwan | $591M | -19% | +34% | 3% | 9.3× | n/a | n/a |