Loading…
Taiwan maker of precision planetary gearboxes and reducers used in industrial automation and robotics.
Taiwan maker of precision planetary gearboxes and reducers used in industrial automation and robotics.
Sells gearboxes per unit, mainly as a component built into customers' servo motor and robot systems, where precision and backlash performance are qualified before volume orders, so a design win brings repeat purchases. Revenue depends on factory-automation spending.
In one line: A gearbox-focused sliver of Regal Rexnord.
Moat: narrow (process know-how, customer qualification). Precision gearbox performance is qualified into automation equipment; switching risks reliability.
Headquarters: Taichung, Taiwan · Employees: 1,002
Size Apex Dynamics (4583.TW) is a Taiwan Industrials company (Miscellaneous Manufacturing) with a market value of $775M, the 324th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$319.50 on 6 Nov 2026.
Performance Over six months the shares fell 58.2%, against -20.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +5.5%); the operating margin is 33.5% (peer median 7.0%).
Valuation It trades at 24.3× forward earnings against a peer median of 21.3× (7th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points above its cost of capital (5.2% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$3.38B | NT$3.00B | NT$2.96B | NT$2.69B | NT$3.43B |
| Revenue growth | — | +1% | +10% | -22% | — |
| Gross profit | NT$1.90B | NT$1.46B | NT$1.51B | NT$1.38B | NT$1.61B |
| EBITDA | n/a | NT$1.23B | NT$1.29B | NT$1.22B | NT$1.52B |
| Net income | NT$1.12B | NT$962M | NT$1.13B | NT$873M | NT$1.12B |
| Free cash flow | n/a | NT$1.10B | NT$1.35B | NT$939M | NT$1.45B |
| Capital expenditure | n/a | NT$96.1M | NT$54.4M | NT$79.7M | NT$161M |
| Total debt | n/a | NT$675M | NT$550M | NT$579M | NT$630M |
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 |
|---|---|---|---|---|---|---|
| Apex Dynamics 4583.TW | $775M | -58% | +14% | 33% | 24.3× | 4.5% |
| Nabtesco 6268.T | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% |
| Harmonic Drive Systems 6324.T | $2.60B | -18% | +12% | 7% | 62.4× | n/a |
| HIWIN Technologies 2049.TW | n/a | -14% | n/a | n/a | n/a | n/a |
| Sumitomo Heavy Industries 6302.T | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% |
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 | 4583.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.8% | -8.6% | 2nd lowest of 21 |
| 6-month return | -58.2% | -20.8% | lowest of 21 |
| Distance from 52-week high | -62.1% | -35.3% | 2nd lowest of 21 |
| Revenue growth (TTM) | +13.8% | +5.5% | 4th highest of 21 |
| Operating margin | 33.5% | 7.0% | highest of 21 |
| Forward P/E | 24.3× | 21.3× | 7th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 4.5% | 12.2% | 5th least demanding of 14 |
| Growth delivered (Del g) | +1.1% | +5.1% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +3.4 pp | +3.8 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +3.6 pp | -2.2 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Apex Dynamics 4583.TW | Taiwan | $775M | -58% | +14% | 33% | 24.3× | 4.5% | +1.1% |
| RHI Magnesita India RHIM.NS | India | $789M | -13% | +8% | 7% | 25.4× | 27.1% | +24.1% |
| Fuling Technology 001356.SZ | China | $756M | -22% | +17% | 6% | n/a | n/a | n/a |
| Unilumin 300232.SZ | China | $796M | -23% | +1% | 0% | 32.5× | 6.4% | +10.3% |
| Changyuan Technology 600525.SS | China | $799M | -24% | +7% | -7% | n/a | -12.4% | +5.1% |
| Hubei Huaqiang High-Tech 688151.SS | China | $800M | -22% | +13% | -5% | n/a | 47.9% | -5.6% |
| Sichuan Goldstone Asia Pharmaceutical 300434.SZ | China | $745M | +8% | -1% | 18% | n/a | 12.2% | +6.2% |
| Daoming Optics & Chemical 002632.SZ | China | $740M | -28% | -10% | 12% | n/a | 7.5% | +3.3% |
| Zhejiang Kaier New Materials 300234.SZ | China | $816M | +73% | -17% | -9% | n/a | n/a | n/a |
| Zhejiang Goldensea Hi-Tech 603311.SS | China | $823M | +28% | +3% | 7% | 59.6× | n/a | n/a |
| Riverstone AP4.SI | Singapore | $824M | -13% | -4% | 25% | 15.5× | 2.1% | -12.8% |
| Blue Sail Medical 002382.SZ | China | $861M | -24% | +23% | 7% | 11.8× | -6.5% | -6.1% |
| Jiangsu Boiln Plastics 301003.SZ | China | $688M | -11% | +7% | 20% | 24.7× | 21.2% | +3.6% |
| Jinhua Chunguang Technology 603657.SS | China | $687M | +16% | +9% | -3% | 45.2× | n/a | n/a |
| Zhejiang Tiantie Science & Technology 300587.SZ | China | $683M | -43% | +24% | -4% | 13.5× | n/a | n/a |
| Shenzhen Jame Technology 300868.SZ | China | $878M | -36% | +8% | -7% | n/a | n/a | n/a |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 12.1× | 12.4% | +8.6% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 17.9× | 3.8% | +9.0% |
| Jiangyin Huaxin Precision Technology 603370.SS | China | $661M | -39% | +11% | 7% | n/a | n/a | n/a |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 16.4× | 13.0% | +3.5% |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 27.1× | 15.4% | +25.0% |