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Compound-semiconductor epitaxial wafer maker (GaAs, InP) for RF, optical and defense applications, headquartered in Texas but listed in Taiwan.
Compound-semiconductor epitaxial wafer maker (GaAs, InP) for RF, optical and defense applications, headquartered in Texas but listed in Taiwan.
Grows thin crystal layers on bare wafers that its customers turn into chips, so orders follow its customers' output of RF and optical devices. Each layer structure is designed to the customer's chip and qualified before volume purchases, which makes accounts sticky but few.
In one line: A US-based (Texas) compound-semiconductor epi-wafer maker listed on the Taiwan exchange.
Moat: narrow (process know-how, IP / patents). Proprietary real-time growth-monitoring technology on MBE systems for precision compound-semiconductor epitaxy.
Headquarters: Richardson, Texas, USA (Taiwan-listed) · Founded: 1999 · Employees: 96
Size IntelliEPI Inc. (Cayman) (4971.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $452M, the 479th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$322.00 on 6 Nov 2026.
Performance Over six months the shares fell 60.4%, against -20.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 31.3% over the last twelve months (peer median +13.1%); the operating margin is 19.5% (peer median 2.1%).
Valuation It trades at 41.6× forward earnings against a peer median of 12.7× (3rd most expensive of 11).
Capital Return on invested capital runs 3.6 points below its cost of capital (7.7% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$1.16B | NT$1.08B | NT$717M | NT$662M | NT$893M |
| Revenue growth | — | +50% | +8% | -26% | — |
| Gross profit | NT$450M | NT$385M | NT$93.0M | NT$137M | NT$340M |
| EBITDA | NT$347M | NT$290M | NT$25.1M | NT$85.2M | NT$264M |
| Net income | NT$189M | NT$65.3M | -NT$132M | NT$8.34M | NT$158M |
| Free cash flow | -NT$152M | -NT$25.9M | -NT$154M | -NT$75.6M | NT$51.6M |
| Capital expenditure | NT$397M | NT$261M | NT$171M | NT$167M | NT$197M |
| Total debt | NT$113M | NT$6.76M | NT$54.1M | NT$3.36M | NT$4.22M |
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 |
|---|---|---|---|---|---|---|
| IntelliEPI Inc. (Cayman) 4971.TWO | $452M | -60% | +31% | 19% | 41.6× | n/a |
| Visual Photonics Epitaxy 2455.TW | $1.80B | -17% | +34% | 26% | 34.1× | 38.7% |
| IQE IQE.L | $514M | -39% | +20% | -11% | n/a | n/a |
| AXT AXTI | $2.55B | -67% | +89% | 20% | 16.2× | n/a |
| Episil-Precision 3016.TW | $865M | -10% | +30% | 14% | 35.7× | 40.5% |
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 | 4971.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -44.9% | -24.3% | lowest of 21 |
| 6-month return | -60.4% | -20.2% | 2nd lowest of 21 |
| Distance from 52-week high | -66.4% | -48.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | +31.3% | +13.1% | 7th highest of 21 |
| Operating margin | 19.5% | 2.1% | 3rd highest of 21 |
| Forward P/E | 41.6× | 12.7× | 3rd most expensive of 11 |
| ROIC minus cost of capital | -3.6 pp | -4.7 pp | 10th highest of 21 |
| EV / EBITDA | 43.1× | 10.7× | 2nd most expensive of 10 |
| Net debt / EBITDA | -0.0× | -0.7× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IntelliEPI Inc. (Cayman) 4971.TWO | Taiwan | $452M | -60% | +31% | 19% | 41.6× | n/a | n/a |
| Japan Electronic Materials 6855.T | Japan | $451M | -31% | +38% | 26% | 9.7× | 10.9% | +9.7% |
| S & S Tech 101490.KS | South Korea | $451M | -71% | +20% | 20% | 11.5× | n/a | n/a |
| PCL Technologies 4977.TW | Taiwan | $454M | -23% | -26% | 2% | 60.0× | n/a | n/a |
| Guangzhou Anyka Microelectronics 688620.SS | China | $449M | -11% | +70% | 1% | 66.7× | n/a | n/a |
| Anpec Electronics 6138.TWO | Taiwan | $449M | -20% | +18% | 19% | 10.5× | -1.6% | +6.8% |
| Taiwan-Asia Semiconductor 2340.TW | Taiwan | $448M | -19% | 0% | -26% | 35.7× | n/a | n/a |
| Triductor Technology (Suzhou) 688259.SS | China | $446M | -30% | -32% | -16% | 23.3× | 55.4% | +11.6% |
| Truelight 3234.TWO | Taiwan | $443M | +8% | +10% | -24% | n/a | n/a | n/a |
| Cheng Mei Instrument Technology 7853.TWO | Taiwan | $442M | -20% | +2% | -46% | n/a | n/a | n/a |
| Phoenix Pioneer Technology 6920.TWO | Taiwan | $442M | -44% | +32% | -10% | n/a | n/a | n/a |
| China Chippacking Technology 688216.SS | China | $463M | -14% | +56% | 2% | n/a | 20.2% | +7.0% |
| Clenergy Technology 603628.SS | China | $441M | -13% | -21% | 4% | n/a | 13.0% | +18.4% |
| SAMT 031330.KS | South Korea | $464M | -9% | +104% | 8% | n/a | n/a | n/a |
| Maxic Technology 688458.SS | China | $468M | -14% | +7% | -14% | n/a | n/a | n/a |
| Lake Materials 281740.KS | South Korea | $468M | -58% | +6% | 11% | 13.9× | n/a | n/a |
| Contrel Technology 8064.TWO | Taiwan | $469M | -33% | +28% | 15% | n/a | 18.2% | -5.5% |
| ITH 6962.TW | Taiwan | $436M | -17% | -3% | 2% | 5.3× | 1.4% | -4.9% |
| MiCo 059090.KS | South Korea | $431M | -18% | +60% | 6% | n/a | n/a | n/a |
| TSEC 6443.TW | Taiwan | $423M | -31% | -55% | -122% | 9.1× | n/a | n/a |
| Jiawei Renewable Energy 300317.SZ | China | $484M | -24% | +16% | -21% | n/a | n/a | n/a |