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Taiwan maker of precision linear-motion modules, ball screws and stages for semiconductor, laser and optical equipment.
Taiwan maker of precision linear-motion modules, ball screws and stages for semiconductor, laser and optical equipment.
Sells motion components per unit to equipment makers, usually after being designed into a machine, so sales follow customers' capital-equipment orders and repeat once a part is specified. Accuracy requirements limit how readily buyers switch.
Moat: narrow (process know-how, customer qualification). Precision motion components are qualified into equipment designs; accuracy specs limit easy switching.
Headquarters: Changhua, Taiwan · Founded: 1984
Size GMT Global (4573.TWO) is a Taiwan Industrials company (Industrial Machinery) with a market value of $589M, the 399th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$426.50 on 6 Nov 2026.
Performance Over six months the shares fell 13.8%, against -6.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue fell 3.2% over the last twelve months (peer median +4.9%); the operating margin is -18.9% (peer median 7.5%).
Valuation It trades at 31.9× enterprise value to sales against a peer median of 2.7× (most expensive of 21).
Capital Return on invested capital runs 16.4 points below its cost of capital (11.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | NT$603M | NT$623M | NT$408M | NT$544M |
| Revenue growth | — | -3% | +53% | -25% | — |
| Gross profit | n/a | NT$134M | NT$186M | NT$46.8M | NT$148M |
| EBITDA | n/a | -NT$57.0M | NT$48.6M | -NT$70.2M | NT$36.8M |
| Net income | n/a | -NT$116M | NT$391,000 | -NT$97.9M | -NT$36.9M |
| Free cash flow | n/a | -NT$200M | -NT$69.8M | -NT$83.6M | -NT$43.5M |
| Capital expenditure | n/a | NT$29.0M | NT$10.9M | NT$13.3M | NT$29.9M |
| Total debt | n/a | NT$1.07B | NT$1.01B | NT$939M | NT$1.01B |
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 |
|---|---|---|---|---|---|---|
| GMT Global 4573.TWO | $589M | -14% | -3% | -19% | 31.9× | n/a |
| THK 6481.T | $3.52B | -16% | +8% | 7% | 2.4× | 24.8% |
| HIWIN Technologies 2049.TW | n/a | -14% | n/a | n/a | n/a | n/a |
| NSK 6471.T | $2.87B | -27% | +26% | 5% | 0.5× | 1.9% |
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 | 4573.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -38.9% | -9.1% | 3rd lowest of 21 |
| 6-month return | -13.8% | -6.5% | 9th lowest of 19 |
| Distance from 52-week high | -42.1% | -39.0% | 8th lowest of 21 |
| Revenue growth (TTM) | -3.2% | +4.9% | 6th lowest of 21 |
| Operating margin | -18.9% | 7.5% | 2nd lowest of 21 |
| EV / Sales | 31.9× | 2.7× | most expensive of 21 |
| ROIC minus cost of capital | -16.4 pp | -2.3 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GMT Global 4573.TWO | Taiwan | $589M | -14% | -3% | -19% | 31.9× | n/a | n/a |
| VM Inc. 089970.KS | South Korea | $590M | -44% | +150% | 27% | 2.5× | -0.3% | +9.2% |
| Kangping Technology (Suzhou) 300907.SZ | China | $588M | +33% | +37% | 6% | 2.9× | n/a | n/a |
| Canature Health Technology 300272.SZ | China | $587M | -30% | +4% | 9% | 2.4× | 3.4% | +9.3% |
| Nanjing Comptech Composites 301591.SZ | China | $593M | +18% | +10% | 14% | 7.7× | n/a | n/a |
| Wuxi Delinhai Environmental Technology 688069.SS | China | $586M | -8% | +18% | 5% | 6.8× | n/a | n/a |
| Jiangyin PIVOT Automotive Products 301181.SZ | China | $582M | -25% | -9% | 16% | 7.2× | 22.5% | -2.9% |
| Zhejiang Langdi 603726.SS | China | $597M | -14% | -9% | 10% | 2.5× | 9.6% | +5.4% |
| Shibaura Machine 6104.T | Japan | $597M | +2% | -22% | 2% | 0.5× | n/a | n/a |
| Schweiter Technologies SWTQ.SW | Switzerland | $581M | +19% | -12% | 4% | 0.6× | -3.5% | -4.9% |
| Jiangsu Liba Enterprise Joint-Stock 603519.SS | China | $578M | 0% | 0% | 10% | 2.1× | 14.8% | +5.4% |
| Hero Motors HEROMOTORS.NS | India | $578M | n/a | +9% | 6% | 4.6× | 37.3% | +4.0% |
| Hosokawa Micron 6277.T | Japan | $601M | +7% | -1% | 5% | 0.8× | 14.6% | +7.8% |
| London Security LSC.L | United Kingdom | $602M | +16% | +12% | 13% | 1.6× | -7.1% | +9.9% |
| Beijing Jingcheng Machinery Electric 600860.SS | China | $576M | -24% | -5% | -8% | 3.0× | n/a | n/a |
| Cubic Sensor and Instrument 688665.SS | China | $603M | -19% | +6% | 12% | 3.7× | 30.0% | +27.3% |
| Shang Gong 600843.SS | China | $575M | -17% | +2% | -5% | 1.0× | n/a | n/a |
| Gallant Micro Machining 6640.TWO | Taiwan | $575M | -53% | +39% | 19% | 4.8× | 8.0% | +25.1% |
| Robotphoenix Intelligent Technology 6871.HK | Hong Kong | $606M | n/a | +45% | -38% | 10.3× | n/a | n/a |
| Yanpai Filtration Technology 301081.SZ | China | $607M | +9% | +16% | 3% | 5.1× | n/a | n/a |
| Gfc 4506.TWO | Taiwan | $608M | -5% | +4% | 22% | 2.4× | -9.7% | +6.5% |