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Asia's largest electronic-component distributor, distributing semiconductors from major global chipmakers.
Asia's largest electronic-component distributor, distributing semiconductors from major global chipmakers.
Takes a thin margin between what it pays chipmakers and what it charges electronics makers, so profit depends on turning inventory quickly and financing customer credit cheaply. It also supplies design help that speeds clients' adoption of parts. Authorised-distributor agreements with chip suppliers decide which products it can sell.
In one line: Taiwan's Avnet.
Moat: narrow (scale, distribution). Largest regional distribution scale and long-standing supplier franchise agreements.
Headquarters: Taipei, Taiwan · Founded: 1996
Size WPG (3702.TW) is a Taiwan Information Technology company (Electronics Distributors) with a market value of $4.78B, the 92nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$90.20 on 6 Nov 2026.
Performance Over six months the shares fell 12.0%, against -8.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 28.5% over the last twelve months (peer median +32.6%); the operating margin is 2.5% (peer median 3.8%).
Valuation It trades at 4.4× forward earnings against a peer median of 13.0× (cheapest of 16).
Capital Return on invested capital runs 2.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$1.27T | NT$999B | NT$881B | NT$672B | NT$775B |
| Revenue growth | — | +13% | +31% | -13% | — |
| Gross profit | NT$55.0B | NT$39.4B | NT$31.2B | NT$25.3B | NT$29.5B |
| EBITDA | NT$32.3B | NT$21.0B | NT$15.8B | NT$11.5B | NT$15.7B |
| Net income | NT$20.2B | NT$10.1B | NT$7.25B | NT$8.11B | NT$10.5B |
| Free cash flow | -NT$95.0B | NT$21.9B | -NT$25.7B | NT$15.4B | -NT$6.82B |
| Capital expenditure | NT$237M | NT$267M | NT$385M | NT$646M | NT$568M |
| Total debt | NT$248B | NT$153B | NT$165B | NT$125B | NT$133B |
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 |
|---|---|---|---|---|---|---|
| WPG 3702.TW | $4.78B | -12% | +29% | 2% | 4.4× | n/a |
| WT Microelectronics 3036.TW | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
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 | 3702.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.2% | -10.8% | 3rd lowest of 21 |
| 6-month return | -12.0% | -8.1% | 7th lowest of 21 |
| Distance from 52-week high | -30.9% | -28.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +28.5% | +32.6% | 10th lowest of 21 |
| Operating margin | 2.5% | 3.8% | 7th lowest of 21 |
| Forward P/E | 4.4× | 13.0× | cheapest of 16 |
| ROIC minus cost of capital | +2.8 pp | +4.7 pp | 10th lowest of 21 |
| Net debt / EBITDA | 6.8× | 0.9× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WPG 3702.TW | Taiwan | $4.78B | -12% | +29% | 2% | 4.4× | n/a | n/a |
| Canon Marketing Japan 8060.T | Japan | $5.26B | +5% | +3% | 10% | 17.1× | -7.2% | +4.5% |
| Puya Semiconductor (Shanghai) 688766.SS | China | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% | +26.5% |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| Avnet AVT | United States | $6.52B | -3% | +44% | 4% | 5.5× | n/a | n/a |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| WT Microelectronics 3036.TW | Taiwan | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% | +27.2% |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| Arrow Electronics ARW | United States | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% | +1.5% |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |