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Size First Hi-tec Enterprise (5439.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $458M, the 473rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$163.00 on 6 Nov 2026.
Performance Over six months the shares fell 59.5%, against -32.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 93.2% over the last twelve months (peer median +19.1%); the operating margin is 17.1% (peer median 1.3%).
Valuation It trades at 8.3× forward earnings against a peer median of 14.6× (2nd cheapest of 11).
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 +31%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 23.8 points above its cost of capital (7.0% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$11.5B | NT$9.64B | NT$4.18B | NT$4.35B | NT$3.22B |
| Revenue growth | — | +131% | -4% | +35% | — |
| Gross profit | NT$2.63B | NT$2.16B | NT$629M | NT$823M | NT$569M |
| EBITDA | NT$2.33B | NT$1.91B | NT$601M | NT$768M | NT$556M |
| Net income | NT$1.68B | NT$1.28B | NT$327M | NT$471M | NT$370M |
| Free cash flow | NT$552M | -NT$1,000M | -NT$156M | NT$248M | NT$503M |
| Capital expenditure | NT$1.12B | NT$1.52B | NT$446M | NT$183M | NT$158M |
| Total debt | NT$3.59B | NT$3.40B | NT$946M | NT$508M | NT$350M |
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.
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 | 5439.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -37.5% | -19.4% | 4th lowest of 21 |
| 6-month return | -59.5% | -32.0% | 2nd lowest of 21 |
| Distance from 52-week high | -64.8% | -50.5% | 4th lowest of 21 |
| Revenue growth (TTM) | +93.2% | +19.1% | highest of 21 |
| Operating margin | 17.1% | 1.3% | 4th highest of 21 |
| Forward P/E | 8.3× | 14.6× | 2nd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | 9.2% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +31.1% | +5.6% | highest of 9 |
| Hurdle (Req g minus delivered) | -36.1 pp | -1.8 pp | least demanding of 9 |
| ROIC minus cost of capital | +23.8 pp | -6.5 pp | 3rd highest of 20 |
| EV / EBITDA | 7.0× | 12.6× | cheapest of 10 |
| Net debt / EBITDA | 0.5× | 0.8× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| First Hi-tec Enterprise 5439.TWO | Taiwan | $458M | -60% | +93% | 17% | 8.3× | -5.0% | +31.1% |
| TLB 356860.KS | South Korea | $460M | -34% | +43% | 13% | 14.0× | n/a | n/a |
| Senseonics SENS | United States | $454M | +71% | +91% | -223% | n/a | n/a | n/a |
| Beijing JCZ Technology 688291.SS | China | $452M | -30% | +12% | 1% | 29.5× | n/a | n/a |
| LS Materials 417200.KS | South Korea | $442M | -70% | +20% | 0% | 45.5× | n/a | n/a |
| Jiangsu Xiehe Electronic 605258.SS | China | $476M | -2% | +1% | 7% | n/a | 8.6% | +9.7% |
| Shenzhen King Brother Electronics Technology 301041.SZ | China | $430M | -10% | +18% | 5% | n/a | 22.5% | +3.9% |
| Alltop Technology 3526.TWO | Taiwan | $428M | -40% | +19% | 31% | 8.3× | -7.5% | +12.9% |
| LightPath Technologies LPTH | United States | $495M | -39% | +93% | -2% | n/a | n/a | n/a |
| CHA Biotech 085660.KS | South Korea | $499M | -57% | +14% | -6% | n/a | n/a | n/a |
| TT Electronics TTG.L | United Kingdom | $419M | +50% | -3% | 7% | 14.6× | 9.9% | +2.2% |
| Hi-Trend Technology (Shanghai) 688391.SS | China | $418M | -23% | +4% | -4% | n/a | 4.9% | +7.3% |
| Allied Circuit 8155.TWO | Taiwan | $416M | -52% | +33% | 14% | 12.2× | n/a | n/a |
| APAQ Technology 6449.TW | Taiwan | $414M | -13% | +23% | 18% | 14.7× | n/a | n/a |
| Jinlong Machinery & Electronic 300032.SZ | China | $411M | -35% | -18% | -4% | n/a | 12.4% | -2.0% |
| Ability Opto-Electronics Technology 3362.TWO | Taiwan | $513M | +6% | -3% | -8% | 31.7× | n/a | n/a |
| Youngpoong 000670.KS | South Korea | $406M | -54% | +40% | -2% | n/a | -14.5% | -1.8% |
| Fujian Forecam Optics 688010.SS | China | $518M | -35% | -2% | -15% | n/a | n/a | n/a |
| Visco Vision 6782.TW | Taiwan | $523M | +23% | +23% | 29% | 13.1× | n/a | n/a |
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Vinatech Co 126340.KS | South Korea | $395M | -56% | +66% | 2% | n/a | n/a | n/a |