Which companies are Giga Solar Materials's closest peers?

The cockpit's peer set: Dalian Thermal Power (600719.SS), Beijing Jingneng Thermal (002893.SZ), RattanIndia Power (RTNPOWER.NS), IPD (IPG.AX), PTC India (PTC.NS), eREX (9517.T), Okinawa Electric Power (9511.T), SGC Energy (005090.KS).

Is Giga Solar Materials expensive compared with its peers?

On ev / sales it trades at 2.1× against a peer median of 1.6×, 8th most expensive of 21 in its peer set.

How has Giga Solar Materials stock performed?

Over six months to 6 Nov 2026 the shares returned 0.0% against -22.0% for the median peer; over one year +87.0%.

← CockpitCompetitor Analysis › 3691.TWO Giga Solar Materials Corp.Open in the cockpit ↗

Giga Solar Materials Corp.3691.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Utilities›Electric Utilities

Momentum leader 92

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$403M

US dollars, full cap

Free float

44%

of shares outstanding

$/day

$7.79M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-5.9 pp

WACC 7.0%

Hurdle

n/a

no reverse DCF

Next earnings

6 days

12 Nov 2026

Close · TWDNT$135.00

1D-2.9%

1W-4.3%

1M+28.0%

3M+18.4%

6M0.0%

YTD+68.1%

1Y+87.0%

ATR %8.0%

52w lowhigh24.2% off high

What Giga Solar Materials does

Employees: 238

Giga Solar Materials at a glance

Size Giga Solar Materials (3691.TWO) is a Taiwan Utilities company (Electric Utilities) with a market value of $403M, the 523rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$135.00 on 6 Nov 2026.

Performance Over six months the shares was unchanged, against -22.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 88.1% over the last twelve months (peer median +2.4%); the operating margin is 1.9% (peer median 4.8%).

Valuation It trades at 2.1× enterprise value to sales against a peer median of 1.6× (8th most expensive of 21).

Capital Return on invested capital runs 5.9 points below its cost of capital (7.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

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

Giga Solar Materials financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$8.83B	NT$5.81B	NT$6.35B	NT$2.96B	NT$5.65B
Revenue growth	—	-9%	+115%	-48%	—
Gross profit	NT$1.02B	NT$390M	NT$153M	-NT$274M	NT$378M
EBITDA	NT$542M	-NT$118M	-NT$308M	-NT$631M	-NT$146M
Net income	NT$251M	-NT$700M	-NT$516M	-NT$811M	-NT$495M
Free cash flow	-NT$2.32B	-NT$829M	-NT$2.67B	-NT$965M	-NT$758M
Capital expenditure	NT$1.08B	NT$783M	NT$295M	NT$508M	NT$1.29B
Total debt	NT$5.43B	NT$4.66B	NT$4.16B	NT$2.57B	NT$2.50B

Quarterly statements and history in the cockpit →

Giga Solar Materials 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. Giga Solar Materials is the large dot.

Fundamentals: revenue growth against valuation

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

Giga Solar Materials competitors and peer comparison

How Giga Solar Materials 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.

Giga Solar Materials against its 20 peers (data as of 6 Nov 2026)
Measure	3691.TWO	Peer median	Rank in peer set
1-month return	+28.0%	-7.9%	highest of 21
6-month return	0.0%	-22.0%	4th highest of 21
Distance from 52-week high	-24.2%	-36.9%	6th highest of 21
Revenue growth (TTM)	+88.1%	+2.4%	highest of 21
Operating margin	1.9%	4.8%	6th lowest of 21
EV / Sales	2.1×	1.6×	8th most expensive of 21
ROIC minus cost of capital	-5.9 pp	-1.6 pp	5th lowest of 21
EV / EBITDA	34.6×	10.2×	most expensive of 11
Net debt / EBITDA	8.0×	0.8×	4th most indebted of 14

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
Giga Solar Materials 3691.TWO	Taiwan	$403M	0%	+88%	2%	2.1×	n/a	n/a
Dalian Thermal Power 600719.SS	China	$387M	-18%	+2%	8%	7.0×	n/a	n/a
Beijing Jingneng Thermal 002893.SZ	China	$387M	-11%	+15%	8%	2.2×	9.9%	+7.0%
RattanIndia Power RTNPOWER.NS	India	$377M	-35%	-6%	6%	1.2×	n/a	n/a
IPD IPG.AX	Australia	$372M	-18%	+17%	11%	1.4×	5.6%	+28.5%
PTC India PTC.NS	India	$437M	-39%	+13%	4%	0.2×	-18.2%	-1.4%
eREX 9517.T	Japan	$370M	-26%	+3%	3%	0.5×	n/a	n/a
Okinawa Electric Power 9511.T	Japan	$366M	+14%	-3%	-1%	1.7×	n/a	n/a
SGC Energy 005090.KS	South Korea	$363M	-43%	-4%	6%	0.2×	n/a	n/a
Suwen Electric Energy Technology 300982.SZ	China	$448M	-41%	-55%	-13%	2.5×	n/a	n/a
Pace Digitek PACEDIGITK.NS	India	$361M	-15%	+8%	16%	1.4×	n/a	n/a
Hunan Chendian International Development 600969.SS	China	$453M	-18%	+4%	3%	2.2×	0.2%	+6.4%
Acinque AC5.MI	Italy	$460M	-6%	-11%	3%	1.1×	12.8%	+9.3%
Genie Energy GNE	United States	$466M	+23%	+10%	3%	0.5×	-3.6%	+7.1%
Guangzhou Devotion Thermal Technology 300335.SZ	China	$341M	-26%	-11%	10%	2.0×	4.9%	-7.8%
Hallador Energy HNRG	United States	$476M	-46%	+8%	2%	1.1×	n/a	n/a
Zespol Elektrocieplowni Wroclawskich KOGENERACJA KGN.WA	Poland	$326M	+4%	+14%	15%	0.4×	n/a	n/a
Xi'an Actionpower Electric 688719.SS	China	$324M	-32%	+3%	-5%	2.0×	n/a	n/a
Sichuan Xichang Electric Power 600505.SS	China	$520M	-31%	-10%	7%	3.6×	1.2%	+9.5%
Ningbo Shimao Energy 605028.SS	China	$522M	-21%	0%	36%	9.4×	9.5%	+1.5%
Shenyang Huitian Thermal Power 000692.SZ	China	$308M	-23%	+2%	-7%	3.0×	n/a	n/a

Questions

Which companies are Giga Solar Materials's closest peers?: The cockpit's peer set: Dalian Thermal Power (600719.SS), Beijing Jingneng Thermal (002893.SZ), RattanIndia Power (RTNPOWER.NS), IPD (IPG.AX), PTC India (PTC.NS), eREX (9517.T), Okinawa Electric Power (9511.T), SGC Energy (005090.KS).
Is Giga Solar Materials expensive compared with its peers?: On ev / sales it trades at 2.1× against a peer median of 1.6×, 8th most expensive of 21 in its peer set.
How has Giga Solar Materials stock performed?: Over six months to 6 Nov 2026 the shares returned 0.0% against -22.0% for the median peer; over one year +87.0%.