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Taiwan LED maker formed from the merger of Epistar and Lextar, spanning LED chips, mini/micro-LED and optical sensing components.
Taiwan LED maker formed from the merger of Epistar and Lextar, spanning LED chips, mini/micro-LED and optical sensing components.
Sells LED chips, which go into backlights and lighting where prices fall steadily, so it is working to shift toward mini-LED, finer and brighter chips for backlights, and sensing parts. Formed by combining Epistar, a chip maker, with Lextar, which turns chips into finished lighting and display parts, to pool scale, patents and sales channels.
In one line: Taiwan's largest LED-chip maker, akin to a Taiwanese Wolfspeed/Cree on the LED side.
Moat: narrow (scale, IP / patents). Combined Epistar/Lextar scale gives a leading LED-chip patent portfolio and manufacturing scale in a commoditized market.
Headquarters: Hsinchu, Taiwan · Founded: 2022
Size Ennostar (3714.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $2.23B, the 157th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$56.70 on 6 Nov 2026.
Performance Over six months the shares fell 23.5%, against -32.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 5.0% over the last twelve months (peer median +18.1%); the operating margin is -12.9% (peer median 3.9%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 6.8× (3rd cheapest of 21).
Capital Return on invested capital runs 15.6 points below its cost of capital (8.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$22.4B | NT$22.2B | NT$24.4B | NT$22.3B | NT$28.9B |
| Revenue growth | — | -9% | +9% | -23% | — |
| Gross profit | NT$1.34B | NT$1.12B | NT$3.16B | NT$1.01B | NT$4.81B |
| EBITDA | NT$608M | NT$320M | NT$2.72B | NT$803M | NT$4.65B |
| Net income | -NT$299M | -NT$2.71B | -NT$1.39B | -NT$6.78B | NT$38.0M |
| Free cash flow | -NT$705M | NT$580M | NT$1.74B | NT$320M | NT$3.73B |
| Capital expenditure | NT$1.64B | NT$1.38B | NT$1.52B | NT$2.21B | NT$4.45B |
| Total debt | NT$1.79B | NT$1.99B | NT$4.16B | NT$7.27B | NT$7.93B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Ennostar 3714.TW | $2.23B | -23% | -5% | -13% | 2.7× | n/a |
| Sanan Optoelectronics 600703.SS | $6.87B | -33% | -22% | -7% | 3.6× | n/a |
| Seoul Semiconductor 046890.KS | $358M | -48% | 0% | 0% | 0.6× | 28.9% |
| BOE HC SemiTek 300323.SZ | $1.81B | -38% | +23% | -8% | 2.7× | 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 | 3714.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.6% | -20.3% | 10th highest of 21 |
| 6-month return | -23.5% | -32.6% | 8th highest of 21 |
| Distance from 52-week high | -34.9% | -56.9% | 5th highest of 21 |
| Revenue growth (TTM) | -5.0% | +18.1% | 4th lowest of 21 |
| Operating margin | -12.9% | 3.9% | 4th lowest of 21 |
| EV / Sales | 2.7× | 6.8× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -15.6 pp | -6.6 pp | 3rd lowest of 21 |
| Net debt / EBITDA | -23.3× | -1.6× | 2nd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | 2.7× | n/a | n/a |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 23.7× | n/a | n/a |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 4.4× | 35.9% | -1.9% |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | 1.8× | 31.8% | +20.8% |
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 13.5× | n/a | n/a |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 7.5× | 34.6% | +21.1% |
| nLIGHT LASR | United States | $2.19B | +72% | +43% | -5% | 6.0× | 39.2% | +3.2% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 9.8× | 39.2% | +19.8% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 30.8× | 52.1% | +51.8% |
| Guangdong Tianyu Semiconductor 2658.HK | Hong Kong | $2.17B | -3% | +52% | -30% | 23.1× | n/a | n/a |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 12.4× | 24.4% | +2.7% |
| Union Semiconductor (Hefei) 688403.SS | China | $2.15B | -14% | +13% | 3% | 7.5× | n/a | n/a |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | 44.4× | n/a | n/a |
| Shanghai Belling Corp.,Ltd 600171.SS | China | $2.14B | -30% | +11% | 4% | 3.8× | 39.4% | +19.1% |
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 3.0× | 12.9% | +20.2% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 4.8× | n/a | n/a |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 3.7× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 0.8× | 2.4% | +0.1% |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | 5.1× | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 8.0× | 28.3% | +6.2% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 5.1× | n/a | n/a |