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Taiwan maker of optical transceiver components — lasers, photodetectors and optical sub-modules — for fiber-optic and datacom networks.
Taiwan maker of optical transceiver components — lasers, photodetectors and optical sub-modules — for fiber-optic and datacom networks.
In one line: A small optical-components maker, in the niche of Lumentum/Coherent's transceiver business.
Moat: narrow (process know-how, customer qualification). In-house epitaxy-to-module vertical integration; components must be qualified into customer transceiver designs.
Headquarters: Taoyuan, Taiwan · Founded: 1999
Size Luxnet (4979.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $1.36B, the 213th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$317.00 on 6 Nov 2026.
Performance Over six months the shares fell 55.9%, against -13.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 13.6% over the last twelve months (peer median +18.3%); the operating margin is 18.6% (peer median 8.8%).
Valuation It trades at 29.3× forward earnings against a peer median of 19.1× (5th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is +4 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 39.0 points above its cost of capital (11.4% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$4.71B | NT$4.38B | NT$3.45B | NT$2.96B | NT$1.32B |
| Revenue growth | — | +27% | +17% | +124% | — |
| Gross profit | NT$1.08B | NT$909M | NT$622M | NT$562M | NT$380M |
| EBITDA | NT$962M | NT$808M | NT$557M | NT$538M | NT$385M |
| Net income | NT$870M | NT$764M | NT$533M | NT$442M | NT$271M |
| Free cash flow | NT$547M | NT$237M | NT$678M | NT$452M | NT$250M |
| Capital expenditure | NT$399M | NT$447M | NT$95.5M | NT$55.2M | NT$8.94M |
| Total debt | NT$427M | NT$725M | NT$743M | NT$0 | NT$273M |
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 |
|---|---|---|---|---|---|---|
| Luxnet 4979.TWO | $1.36B | -56% | +14% | 19% | 29.3× | 34.7% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | 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 | 4979.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -47.0% | -33.6% | 3rd lowest of 20 |
| 6-month return | -55.9% | -13.9% | lowest of 19 |
| Distance from 52-week high | -58.4% | -50.0% | 5th lowest of 21 |
| Revenue growth (TTM) | +13.6% | +18.3% | 10th lowest of 20 |
| Operating margin | 18.6% | 8.8% | 7th highest of 20 |
| Forward P/E | 29.3× | 19.1× | 5th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 34.7% | 13.1% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +30.3% | +8.7% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | +4.4 pp | +4.1 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +39.0 pp | +1.9 pp | highest of 20 |
| EV / EBITDA | 43.7× | 18.1× | 2nd most expensive of 14 |
| Net debt / EBITDA | -3.2× | -0.4× | 4th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Luxnet 4979.TWO | Taiwan | $1.36B | -56% | +14% | 19% | 29.3× | 34.7% | +30.3% |
| Elite Advanced Laser 3450.TW | Taiwan | $1.36B | -15% | -2% | 16% | n/a | n/a | n/a |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 30.3× | n/a | n/a |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |
| Kaga Electronics 8154.T | Japan | $1.42B | +6% | +24% | 4% | 7.8× | n/a | n/a |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 24.5× | 1.4% | +62.8% |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 53.4× | n/a | n/a |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 12.0× | 11.2% | +8.5% |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% | -1.3% |
| Karamtara Engineering KARAMTARA.NS | India | $1.28B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 35.3× | 10.4% | +6.2% |
| Faraday Technology 3035.TW | Taiwan | $1.26B | -9% | -32% | 5% | 29.6× | 25.2% | +26.8% |
| WOLF WOLF | United States | $1.26B | -49% | -12% | -67% | n/a | n/a | n/a |
| Furuya Metal 7826.T | Japan | $1.26B | +7% | +75% | 25% | 10.3× | 13.3% | +24.2% |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |
| UMS Integration 558.SI | Singapore | $1.25B | -27% | +10% | 21% | 21.1× | 12.8% | +8.8% |
| Pan Jit International 2481.TW | Taiwan | $1.25B | +6% | +9% | 9% | 15.0× | 24.5% | +4.5% |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| Jeju Semiconductor 080220.KS | South Korea | $1.24B | -4% | +284% | 32% | n/a | n/a | n/a |
| Supreme Electronics 8112.TW | Taiwan | $1.24B | -13% | +80% | 3% | n/a | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |