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Fabless chipmaker making display timing-controller and interface chips (USB-C, DisplayPort) for laptops, monitors and mobile devices.
Fabless chipmaker making display timing-controller and interface chips (USB-C, DisplayPort) for laptops, monitors and mobile devices.
Sells chips that PC and panel makers design into a notebook or monitor model, so a design win runs for the product's life and sales follow PC and display shipments. Timing-controller chips, which time the signals that drive a screen, and USB-C and DisplayPort interface chips are the core lines.
In one line: A spin-off of Cypress Semiconductor's interface-chip business, akin to a small Synaptics.
Moat: narrow (IP / patents, customer qualification). Long design-in relationships with panel and PC makers for timing-controller and interface-bridge chips.
Headquarters: Hsinchu, Taiwan · Founded: 2000
Size Parade Technologies (4966.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $915M, the 285th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$385.50 on 6 Nov 2026.
Performance Over six months the shares fell 31.4%, against -24.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +23.2%); the operating margin is 13.7% (peer median -0.5%).
Valuation It trades at 13.2× forward earnings against a peer median of 26.2× (cheapest of 10).
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 +2%, so the hurdle is +2 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 1.2 points below its cost of capital (9.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$16.3B | NT$16.5B | NT$16.2B | NT$13.8B | NT$20.1B |
| Revenue growth | — | +2% | +18% | -31% | — |
| Gross profit | NT$7.16B | NT$6.90B | NT$6.73B | NT$5.85B | NT$9.14B |
| EBITDA | n/a | NT$3.48B | NT$3.16B | NT$2.65B | NT$5.92B |
| Net income | NT$2.26B | NT$2.73B | NT$2.59B | NT$2.03B | NT$4.90B |
| Free cash flow | n/a | NT$3.28B | NT$3.18B | NT$3.58B | NT$2.37B |
| Capital expenditure | n/a | NT$144M | NT$152M | NT$143M | NT$185M |
| Total debt | n/a | NT$392M | NT$323M | NT$258M | NT$163M |
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 |
|---|---|---|---|---|---|---|
| Parade Technologies 4966.TWO | $915M | -31% | -3% | 14% | 13.2× | 3.8% |
| Novatek Microelectronics 3034.TW | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% |
| Synaptics SYNA | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% |
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% |
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 | 4966.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.8% | -19.0% | 4th lowest of 21 |
| 6-month return | -31.4% | -24.9% | 9th lowest of 21 |
| Distance from 52-week high | -58.5% | -43.8% | 4th lowest of 21 |
| Revenue growth (TTM) | -2.7% | +23.2% | 9th lowest of 21 |
| Operating margin | 13.7% | -0.5% | 5th highest of 21 |
| Forward P/E | 13.2× | 26.2× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 3.8% | 20.5% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +1.6% | +5.3% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +2.2 pp | +15.2 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | -1.2 pp | -4.6 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Parade Technologies 4966.TWO | Taiwan | $915M | -31% | -3% | 14% | 13.2× | 3.8% | +1.6% |
| Ambiq Micro AMBQ | United States | $933M | -13% | +32% | -43% | n/a | n/a | n/a |
| Zhejiang Chenfeng Science and Technology 603685.SS | China | $896M | -28% | -14% | 4% | n/a | n/a | n/a |
| Sitronix Technology 8016.TW | Taiwan | $894M | +5% | +18% | 13% | 15.4× | -9.1% | +6.6% |
| Shenzhen Baoming Technology 002992.SZ | China | $887M | -38% | -20% | -1% | n/a | n/a | n/a |
| Dioo Microcircuits Co., Ltd. Jiangsu 688381.SS | China | $948M | -15% | -18% | -46% | n/a | n/a | n/a |
| United Renewable Energy 3576.TW | Taiwan | $876M | +15% | -43% | -62% | n/a | n/a | n/a |
| Arteris AIP | United States | $875M | -44% | +34% | -44% | n/a | 55.4% | +17.3% |
| VIA Technologies 2388.TW | Taiwan | $874M | -35% | -3% | -12% | n/a | 17.9% | +8.0% |
| Netac Technology 300042.SZ | China | $872M | -44% | +103% | 10% | 33.0× | n/a | n/a |
| Jiangsu Zongyi 600770.SS | China | $961M | -35% | +64% | -4% | n/a | 43.6% | +4.7% |
| Foshan Electrical and Lighting 000541.SZ | China | $967M | -8% | -3% | -2% | 22.5× | n/a | n/a |
| Episil-Precision 3016.TW | Taiwan | $865M | -10% | +30% | 14% | 35.7× | 40.5% | -0.7% |
| Shanghai Prisemi Electronics 688230.SS | China | $970M | -23% | +31% | 19% | n/a | 31.1% | +1.3% |
| Taiwan Speciality Chemicals 4772.TWO | Taiwan | $862M | -38% | +164% | 40% | 26.2× | 11.0% | +36.7% |
| Hengbao 002104.SZ | China | $977M | -35% | -17% | -9% | n/a | n/a | n/a |
| Koh Young Technology 098460.KS | South Korea | $987M | -49% | +57% | 15% | 25.1× | 20.5% | +5.3% |
| Guangdong Leadyo IC Testing 688135.SS | China | $990M | -23% | +28% | 6% | 236.1× | n/a | n/a |
| Suzhou Oriental Semiconductor 688261.SS | China | $994M | -27% | +18% | 0% | 38.3× | n/a | n/a |
| ELAN Microelectronics 2458.TW | Taiwan | $996M | -18% | -8% | 21% | 19.1× | -2.8% | -4.0% |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | n/a | n/a | n/a |