Which companies are Desiccant Technology's closest peers?

The cockpit's peer set: HLE Glascoat (HLEGLAS.NS), Xian Typical Industries (600302.SS), Asahi Diamond Industrial (6140.T), Guangdong Jialong Food (002495.SZ), Zhejiang Taifu Pump (300992.SZ), Qingdao Guolin Technology (300786.SZ), SNTEnergy (100840.KS), Shandong Zhangqiu Blower (002598.SZ).

How has Desiccant Technology stock performed?

Over six months to 6 Nov 2026 the shares returned +4.7% against -28.8% for the median peer; over one year +61.9%.

← CockpitCompetitor Analysis › 5292.TW Desiccant Technology CorporationOpen in the cockpit ↗

Desiccant Technology Corporation5292.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Industrial Machinery

Momentum leader 90

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$306M

US dollars, full cap

$/day

$1.35M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

n/a

WACC 5.0%

Hurdle

-26 pp

Req g minus delivered

Close · TWDNT$218.50

1D-1.4%

1W-8.2%

1M-11.5%

3M+34.0%

6M+4.7%

YTD+41.0%

1Y+61.9%

ATR %4.9%

52w lowhigh14.3% off high

What Desiccant Technology does

No business profile yet.

Desiccant Technology at a glance

Size Desiccant Technology (5292.TW) is a Taiwan Industrials company (Industrial Machinery) with a market value of $306M, the 649th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$218.50 on 6 Nov 2026.

Performance Over six months the shares gained 4.7%, against -28.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 4.8% over the last twelve months (peer median +11.6%); the operating margin is 17.6% (peer median 5.8%).

Valuation It trades at 2.8× enterprise value to sales against a peer median of 2.3× (9th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -26 pp: the price already allows for a slowdown.

Relative performance

Six months, rebased to 100: Desiccant Technology against the median of its 20 peers (local-currency closes).

Desiccant Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$2.75B	NT$2.86B	NT$2.25B	NT$2.09B	NT$2.02B
Revenue growth	—	+27%	+8%	+4%	—
Gross profit	NT$666M	NT$670M	NT$562M	NT$505M	NT$397M
EBITDA	NT$502M	NT$512M	NT$432M	NT$383M	NT$278M
Net income	NT$436M	NT$418M	NT$377M	NT$305M	NT$242M
Free cash flow	NT$1.30B	NT$828M	NT$410M	NT$420M	NT$390M
Capital expenditure	NT$12.5M	NT$3.97M	NT$44.7M	NT$34.4M	NT$7.76M
Total debt	NT$322M	NT$363M	NT$390M	NT$184M	NT$293M

Quarterly statements and history in the cockpit →

Desiccant Technology competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Desiccant Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Desiccant Technology is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Desiccant Technology is the large dot.

Desiccant Technology competitors and peer comparison

How Desiccant Technology compares with its peers

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.

Desiccant Technology against its 20 peers (data as of 6 Nov 2026)
Measure	5292.TW	Peer median	Rank in peer set
1-month return	-11.5%	-15.8%	8th highest of 21
6-month return	+4.7%	-28.8%	2nd highest of 21
Distance from 52-week high	-14.3%	-44.8%	2nd highest of 21
Revenue growth (TTM)	+4.8%	+11.6%	6th lowest of 21
Operating margin	17.6%	5.8%	6th highest of 21
EV / Sales	2.8×	2.3×	9th most expensive of 21
Growth the price implies (Req g, 7 yrs)	-5.2%	13.8%	2nd least demanding of 10
Growth delivered (Del g)	+20.8%	+8.2%	3rd highest of 10
Hurdle (Req g minus delivered)	-26.0 pp	+7.0 pp	least demanding of 10
EV / EBITDA	15.1×	14.0×	5th most expensive of 11
Net debt / EBITDA	-5.1×	-1.1×	2nd least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Desiccant Technology 5292.TW	Taiwan	$306M	+5%	+5%	18%	2.8×	-5.2%	+20.8%
HLE Glascoat HLEGLAS.NS	India	$306M	+16%	+26%	6%	2.1×	37.3%	+22.8%
Xian Typical Industries 600302.SS	China	$310M	-37%	-16%	-57%	6.5×	n/a	n/a
Asahi Diamond Industrial 6140.T	Japan	$302M	-24%	+5%	8%	0.9×	13.8%	+6.9%
Guangdong Jialong Food 002495.SZ	China	$302M	-21%	+10%	5%	6.0×	16.8%	+0.4%
Zhejiang Taifu Pump 300992.SZ	China	$311M	-29%	+21%	3%	2.5×	27.1%	+17.1%
Qingdao Guolin Technology 300786.SZ	China	$311M	-31%	+39%	-4%	3.0×	n/a	n/a
SNTEnergy 100840.KS	South Korea	$311M	-59%	+7%	20%	0.8×	n/a	n/a
Shandong Zhangqiu Blower 002598.SZ	China	$313M	-17%	-7%	5%	1.2×	3.8%	+11.4%
Mikron MIKN.SW	Switzerland	$313M	-3%	-1%	9%	0.4×	-17.2%	+8.2%
Fine Semitech 036810.KS	South Korea	$299M	-52%	+5%	2%	2.2×	n/a	n/a
Ningbo Water Meter 603700.SS	China	$314M	-19%	+20%	1%	1.2×	n/a	n/a
Symtek Automation Asia 6438.TW	Taiwan	$314M	-30%	+18%	9%	1.4×	n/a	n/a
Protec 053610.KS	South Korea	$316M	-42%	+47%	25%	1.2×	n/a	n/a
KOSES 089890.KS	South Korea	$294M	-47%	+13%	18%	4.8×	26.7%	+5.2%
Shenzhen Intelligent Precision Instrument 301512.SZ	China	$320M	-20%	0%	5%	3.1×	n/a	n/a
Shanghai CEO Technology 688335.SS	China	$321M	-55%	+29%	-8%	4.8×	n/a	n/a
Jiangsu Liance Electromechanical Technology 688113.SS	China	$321M	-23%	+10%	18%	3.6×	7.9%	+6.7%
Windsor Machines WINDMACHIN.NS	India	$322M	-7%	+36%	0%	4.6×	n/a	n/a
JPP 5284.TW	Taiwan	$323M	-47%	+50%	22%	2.4×	-0.6%	+21.0%
Qingdao Daneng Environmental Protection Equipment 688501.SS	China	$323M	-29%	-15%	9%	1.7×	n/a	n/a

Questions

Which companies are Desiccant Technology's closest peers?: The cockpit's peer set: HLE Glascoat (HLEGLAS.NS), Xian Typical Industries (600302.SS), Asahi Diamond Industrial (6140.T), Guangdong Jialong Food (002495.SZ), Zhejiang Taifu Pump (300992.SZ), Qingdao Guolin Technology (300786.SZ), SNTEnergy (100840.KS), Shandong Zhangqiu Blower (002598.SZ).
Is Desiccant Technology expensive compared with its peers?: On ev / sales it trades at 2.8× against a peer median of 2.3×, 9th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -26 pp: the price already allows for a slowdown.
How has Desiccant Technology stock performed?: Over six months to 6 Nov 2026 the shares returned +4.7% against -28.8% for the median peer; over one year +61.9%.