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Taiwan engineering contractor that designs and builds cleanroom, piping and mechanical/electrical systems for semiconductor and electronics factories.
Taiwan engineering contractor that designs and builds cleanroom, piping and mechanical/electrical systems for semiconductor and electronics factories.
Moat: narrow (process know-how, customer qualification). Specialized fab-engineering expertise built through repeat work for Taiwan's semiconductor plants.
Headquarters: Hsinchu, Taiwan
Size Acter (5536.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $2.39B, the 145th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$636.00 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -31.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 28.5% over the last twelve months (peer median +18.1%); the operating margin is 16.0% (peer median 7.4%).
Valuation It trades at 10.0× forward earnings against a peer median of 29.4× (3rd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 35.4 points above its cost of capital (6.8% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$47.0B | NT$41.5B | NT$30.3B | NT$25.1B | NT$28.3B |
| Revenue growth | — | +37% | +21% | -11% | — |
| Gross profit | NT$9.77B | NT$7.70B | NT$6.43B | NT$4.79B | NT$4.67B |
| EBITDA | NT$7.74B | NT$5.90B | NT$4.60B | NT$3.43B | NT$3.46B |
| Net income | NT$4.97B | NT$3.53B | NT$2.62B | NT$1.84B | NT$1.93B |
| Free cash flow | NT$6.68B | NT$6.01B | NT$2.37B | NT$3.31B | NT$2.13B |
| Capital expenditure | NT$465M | NT$157M | NT$252M | NT$176M | NT$169M |
| Total debt | NT$1.09B | NT$841M | NT$832M | NT$1.14B | NT$2.02B |
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 |
|---|---|---|---|---|---|---|
| Acter 5536.TWO | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% |
| United Integrated Services 2404.TW | $5.11B | -9% | +72% | 18% | 9.7× | -11.4% |
| Marketech International 6196.TW | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% |
| L&K Engineering 6139.TW | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% |
| Taikisha 1979.T | $1.32B | -5% | -1% | 8% | 10.6× | -13.3% |
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 | 5536.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.3% | -18.4% | 7th lowest of 21 |
| 6-month return | -26.1% | -31.9% | 10th highest of 21 |
| Distance from 52-week high | -57.3% | -56.1% | 10th lowest of 21 |
| Revenue growth (TTM) | +28.5% | +18.1% | 6th highest of 21 |
| Operating margin | 16.0% | 7.4% | 8th highest of 21 |
| Forward P/E | 10.0× | 29.4× | 3rd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 29.5% | least demanding of 13 |
| Growth delivered (Del g) | +24.3% | +17.1% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -30.3 pp | +11.8 pp | least demanding of 13 |
| ROIC minus cost of capital | +35.4 pp | -4.8 pp | 2nd highest of 21 |
| EV / EBITDA | 9.0× | 20.0× | 2nd cheapest of 6 |
| Net debt / EBITDA | -2.1× | -1.8× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | n/a | n/a | n/a |