Loading…
Taiwanese maker of industrial-grade flash storage and DRAM modules for embedded systems in aerospace, medical, networking and industrial equipment.
Taiwanese maker of industrial-grade flash storage and DRAM modules for embedded systems in aerospace, medical, networking and industrial equipment.
Sells industrial-grade storage and memory that makers of medical, networking and industrial equipment design into their systems, which keeps products in production for years rather than the short life of consumer parts. Customers pay for tested, long-supply-life parts, and the company has widened into edge-computing and AI modules.
In one line: An industrial-grade counterpart to Transcend, built for embedded systems not consumers.
Moat: narrow (customer qualification, process know-how). Long product-lifecycle qualification in industrial/aerospace applications creates high switching costs.
Headquarters: Taipei, Taiwan · Founded: 2005
Size Innodisk (5289.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $2.76B, the 134th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$928.00 on 6 Nov 2026.
Performance Over six months the shares fell 34.6%, against -12.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 333.9% over the last twelve months (peer median +6.6%); the operating margin is 49.0% (peer median 9.7%).
Valuation It trades at 2.5× forward earnings against a peer median of 16.5× (cheapest of 16).
Capital Return on invested capital runs 65.2 points above its cost of capital (8.4% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$44.2B | NT$14.3B | NT$8.92B | NT$8.31B | NT$10.3B |
| Revenue growth | — | +60% | +7% | -19% | — |
| Gross profit | NT$25.2B | NT$4.41B | NT$2.80B | NT$2.82B | NT$3.43B |
| EBITDA | NT$21.9B | NT$2.60B | NT$1.36B | NT$1.55B | NT$2.19B |
| Net income | NT$17.3B | NT$2.04B | NT$1.11B | NT$1.15B | NT$1.85B |
| Free cash flow | -NT$994M | -NT$2.51B | NT$521M | NT$764M | NT$2.03B |
| Capital expenditure | NT$302M | NT$231M | NT$358M | NT$707M | NT$509M |
| Total debt | NT$9.29B | NT$2.29B | NT$579M | NT$588M | NT$531M |
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 |
|---|---|---|---|---|---|---|
| Innodisk 5289.TWO | $2.76B | -35% | +334% | 49% | 2.5× | n/a |
| Transcend Information 2451.TW | $3.22B | -13% | +286% | 67% | 3.2× | n/a |
| ADATA Technology 3260.TWO | $3.16B | -33% | +125% | 34% | 4.5× | n/a |
| Apacer Technology 8271.TW | $655M | -28% | +182% | 31% | 2.1× | n/a |
| Phison Electronics 8299.TWO | $10.0B | -29% | +157% | 31% | 3.7× | n/a |
| PENG PENG | $2.52B | -5% | +26% | 10% | 9.2× | 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 | 5289.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.3% | -10.1% | 2nd lowest of 21 |
| 6-month return | -34.6% | -12.5% | 2nd lowest of 21 |
| Distance from 52-week high | -54.2% | -38.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +333.9% | +6.6% | highest of 21 |
| Operating margin | 49.0% | 9.7% | 2nd highest of 21 |
| Forward P/E | 2.5× | 16.5× | cheapest of 16 |
| ROIC minus cost of capital | +65.2 pp | +11.3 pp | 3rd highest of 21 |
| EV / EBITDA | 4.2× | 10.6× | 2nd cheapest of 11 |
| Net debt / EBITDA | -0.0× | -0.5× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 16.5× | n/a | n/a |
| Venustech 002439.SZ | China | $2.58B | -9% | 0% | -16% | 169.0× | 19.0% | -8.6% |
| Newland Digital Technology 000997.SZ | China | $2.56B | -14% | +29% | 11% | 16.0× | n/a | n/a |
| Societe Industrielle & Financiere de l'Artois ARTO.PA | France | $2.55B | -26% | -6% | -8% | n/a | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Netweb Technologies India NETWEB.NS | India | $2.37B | -12% | +175% | 13% | 55.9× | 46.1% | +72.5% |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| Kardex KARN.SW | Switzerland | $2.35B | -9% | +3% | 9% | 30.3× | 11.8% | +12.5% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| Tianma Microelectronics 000050.SZ | China | $2.05B | -27% | -3% | -1% | 29.5× | -6.2% | +4.4% |
| Beijing Dahao Technology 603025.SS | China | $2.04B | -25% | +23% | 29% | n/a | 7.4% | +29.2% |
| Chicony Electronics 2385.TW | Taiwan | $1.96B | -31% | -8% | 7% | 15.4× | -9.6% | +0.1% |
| InfoVision Optoelectronics (Kunshan) 688055.SS | China | $1.56B | -23% | -24% | -19% | n/a | n/a | n/a |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Nancal Technology 603859.SS | China | $1.49B | -5% | +10% | 12% | 42.5× | n/a | n/a |
| Toyou Feiji Electronics 300302.SZ | China | $1.49B | -24% | +5% | -15% | n/a | n/a | n/a |