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Small Taiwanese maker of rectifier diodes and power-management analog chips (unrelated to TSMC despite the name).
Small Taiwanese maker of rectifier diodes and power-management analog chips (unrelated to TSMC despite the name).
Sells rectifier diodes, components that convert alternating current to direct current, and power chips to power-supply and appliance makers, where it competes with bigger discrete-device makers on price and delivery. Automotive qualification is its step toward steadier, higher-value business.
In one line: A tiny Taiwan discrete-semiconductor maker.
Moat: none (scale). Commodity discrete/analog components in a crowded, price-competitive market.
Headquarters: Hsinchu, Taiwan · Founded: 1979 · Employees: 1,463
Size Taiwan Semiconductor (5425.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $520M, the 434th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$69.20 on 6 Nov 2026.
Performance Over six months the shares gained 7.1%, against -10.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +6.2%); the operating margin is 8.6% (peer median 4.4%).
Valuation It trades at 18.3× forward earnings against a peer median of 21.4× (8th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (8.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$18.2B | NT$18.0B | NT$14.8B | NT$14.6B | NT$15.7B |
| Revenue growth | — | +21% | +1% | -7% | — |
| Gross profit | NT$5.24B | NT$4.93B | NT$4.00B | NT$4.24B | NT$5.11B |
| EBITDA | NT$2.66B | NT$2.59B | NT$2.28B | NT$2.76B | NT$3.72B |
| Net income | NT$724M | NT$510M | NT$464M | NT$719M | NT$1.56B |
| Free cash flow | NT$747M | NT$2.06B | NT$1.17B | NT$1.92B | NT$1.70B |
| Capital expenditure | NT$739M | NT$666M | NT$510M | NT$611M | NT$693M |
| Total debt | NT$5.41B | NT$5.77B | NT$6.28B | NT$2.94B | NT$3.10B |
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 |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor 5425.TWO | $520M | +7% | +5% | 9% | 18.3× | 7.6% |
| Diodes DIOD | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
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 | 5425.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.4% | -17.1% | 3rd lowest of 21 |
| 6-month return | +7.1% | -10.2% | 5th highest of 21 |
| Distance from 52-week high | -51.9% | -35.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +5.3% | +6.2% | 11th highest of 21 |
| Operating margin | 8.6% | 4.4% | 4th highest of 21 |
| Forward P/E | 18.3× | 21.4× | 8th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 7.6% | 5.0% | 5th least demanding of 9 |
| Growth delivered (Del g) | +11.6% | +1.9% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | -4.0 pp | -6.0 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | -0.7 pp | -3.0 pp | 9th highest of 20 |
| EV / EBITDA | 8.3× | 8.0× | 6th cheapest of 11 |
| Net debt / EBITDA | 0.6× | -1.6× | 3rd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Semiconductor 5425.TWO | Taiwan | $520M | +7% | +5% | 9% | 18.3× | 7.6% | +11.6% |
| Shenzhen Fluence Technology 300647.SZ | China | $517M | +7% | +12% | -20% | n/a | n/a | n/a |
| Backblaze BLZE | United States | $523M | +10% | +17% | -4% | 26.7× | 12.7% | +22.1% |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| Stratasys SSYS | United States | $565M | -25% | -3% | -14% | 45.9× | n/a | n/a |
| Newcapec Electronics 300248.SZ | China | $567M | -17% | +1% | 1% | 32.0× | 21.5% | +0.9% |
| Quantum QMCO | United States | $570M | +100% | +11% | 0% | 27.1× | n/a | n/a |
| Wacom 6727.T | Japan | $570M | -6% | -3% | 13% | 9.3× | -6.0% | +0.3% |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 9.3× | -10.5% | -2.0% |
| Hanwang Technology 002362.SZ | China | $596M | -12% | -2% | -13% | 81.8× | n/a | n/a |
| Chengdu Jiafaantai Education Technology 300559.SZ | China | $602M | -26% | -26% | 0% | 35.5× | 35.7% | -6.0% |
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 26.9× | n/a | n/a |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | n/a | 38.7% | +7.9% |
| AAEON Technology 6579.TW | Taiwan | $633M | -10% | +30% | 9% | n/a | n/a | n/a |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 16.2× | -2.7% | +2.9% |
| Apacer Technology 8271.TW | Taiwan | $655M | -28% | +182% | 31% | 2.1× | n/a | n/a |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | n/a | n/a | n/a |
| PC Partner PCT.SI | Singapore | $662M | +4% | +18% | 7% | 7.4× | n/a | n/a |
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 10.8× | n/a | n/a |