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Taiwanese maker of factory equipment for display and semiconductor packaging lines: AOI, grinders, polishers and probers.
Taiwanese maker of factory equipment for display and semiconductor packaging lines: AOI, grinders, polishers and probers.
Sells made-to-order inspection and processing equipment to panel and chip-packaging factories, so orders follow when customers add lines, and a few buyers weigh heavily. It has branched into smart-factory automation and solar and other new-energy equipment to even out the cycle.
In one line: A small Taiwan equipment maker for chip/display factories.
Moat: narrow (process know-how, customer qualification). Equipment qualified into customers' packaging/display production lines.
Headquarters: Hsinchu, Taiwan · Founded: 1978
Size Gallant Precision Machining (5443.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $374M, the 552nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$75.90 on 6 Nov 2026.
Performance Over six months the shares fell 43.8%, against -16.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 12.3% over the last twelve months (peer median +5.2%); the operating margin is 11.6% (peer median 4.7%).
Valuation It trades at 3.3× enterprise value to sales against a peer median of 1.4× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +6 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 4.0 points below its cost of capital (6.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$5.53B | NT$4.67B | NT$4.43B | NT$3.09B | NT$4.73B |
| Revenue growth | — | +5% | +44% | -35% | — |
| Gross profit | NT$2.01B | NT$1.64B | NT$1.19B | NT$777M | NT$1.41B |
| EBITDA | NT$747M | NT$565M | NT$403M | NT$219M | NT$488M |
| Net income | NT$516M | NT$417M | NT$297M | NT$204M | NT$390M |
| Free cash flow | NT$434M | NT$334M | NT$57.0M | NT$604M | NT$85.0M |
| Capital expenditure | NT$237M | NT$190M | NT$639M | NT$28.7M | NT$31.7M |
| Total debt | NT$5.30B | NT$4.71B | NT$3.88B | NT$2.90B | NT$2.09B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Gallant Precision Machining 5443.TWO | $374M | -44% | +12% | 12% | 3.3× | 12.4% |
| Chroma Ate 2360.TW | $15.4B | -46% | +101% | 39% | 9.8× | 19.3% |
| Marketech International 6196.TW | $2.68B | +8% | +44% | 7% | 1.3× | 6.3% |
| ONTO ONTO | $8.50B | -39% | +8% | 20% | 7.2× | 29.4% |
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 | 5443.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.7% | -12.5% | 2nd lowest of 21 |
| 6-month return | -43.8% | -16.2% | 4th lowest of 21 |
| Distance from 52-week high | -46.5% | -37.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +12.3% | +5.2% | 5th highest of 21 |
| Operating margin | 11.6% | 4.7% | 4th highest of 21 |
| EV / Sales | 3.3× | 1.4× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.4% | -8.1% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +6.2% | +3.7% | 4th highest of 9 |
| Hurdle (Req g minus delivered) | +6.2 pp | -8.3 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -4.0 pp | -2.0 pp | 7th lowest of 21 |
| EV / EBITDA | 24.6× | 8.5× | 4th most expensive of 13 |
| Net debt / EBITDA | 5.0× | -1.7× | 2nd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | 3.3× | 12.4% | +6.2% |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 3.1× | n/a | n/a |
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 1.2× | n/a | n/a |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | 1.2× | n/a | n/a |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | 6.7× | n/a | n/a |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 0.7× | -2.7% | +2.9% |
| Shenzhen Zhongheng Huafa 000020.SZ | China | $332M | -31% | -25% | 5% | 3.2× | 26.4% | +4.4% |
| ADTRAN ADTN | United States | $329M | -73% | +10% | 0% | 0.8× | n/a | n/a |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | 3.8× | 38.7% | +7.9% |
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 0.9× | n/a | n/a |
| G.tech Technology 301503.SZ | China | $313M | -27% | +28% | 4% | 1.1× | n/a | n/a |
| Gigastorage 2406.TW | Taiwan | $310M | -11% | +83% | 2% | 2.3× | n/a | n/a |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 0.4× | -10.5% | -2.0% |
| TienPin United Enterprise 6199.TWO | Taiwan | $305M | +78% | +577% | 30% | 13.9× | n/a | n/a |
| Truly International 0732.HK | Hong Kong | $300M | -21% | -11% | 4% | 0.5× | -14.9% | -5.7% |
| D-Link 2332.TW | Taiwan | $297M | +15% | +3% | -1% | 0.7× | n/a | n/a |
| Argosy Research 3217.TWO | Taiwan | $294M | -38% | +2% | 30% | 1.8× | -8.6% | +9.8% |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | 6.2× | n/a | n/a |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | 5.0× | n/a | n/a |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 0.5× | -11.3% | +8.4% |
| Aten International 6277.TW | Taiwan | $276M | +7% | +6% | 14% | 1.6× | -7.6% | +0.4% |