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Taiwan's largest lithium-ion battery pack maker, supplying rechargeable battery packs mainly for notebook PCs and other electronics.
Taiwan's largest lithium-ion battery pack maker, supplying rechargeable battery packs mainly for notebook PCs and other electronics.
Buys battery cells from cell makers and assembles them into packs with protection circuitry, so its value-add is pack design and qualification with each notebook programme. It is paid per pack shipped, on a thin assembly margin, and its volumes follow PC makers' shipment cycles.
In one line: A leading battery-pack assembler behind Dell/HP laptops, akin to a component-level Panason.
Moat: narrow (scale, customer qualification). Largest scale battery-pack qualification with major notebook OEMs, hard to displace mid-program.
Headquarters: Taoyuan, Taiwan · Employees: 397
Size Simplo Technology (6121.TWO) is a Taiwan Industrials company (Electrical Products) with a market value of $1.90B, the 173rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$340.00 on 6 Nov 2026.
Performance Over six months the shares fell 6.2%, against -21.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 2.5% over the last twelve months (peer median +6.8%); the operating margin is 10.7% (peer median 6.3%).
Valuation It trades at 9.6× forward earnings against a peer median of 23.7× (cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 31.1 points above its cost of capital (5.1% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$83.5B | NT$82.1B | NT$80.0B | NT$84.8B | NT$95.6B |
| Revenue growth | — | +3% | -6% | -11% | — |
| Gross profit | NT$13.4B | NT$12.1B | NT$10.8B | NT$11.2B | NT$15.0B |
| EBITDA | NT$11.5B | NT$10.2B | NT$8.96B | NT$9.29B | NT$12.6B |
| Net income | NT$6.12B | NT$5.66B | NT$5.34B | NT$5.67B | NT$7.24B |
| Free cash flow | NT$1.90B | NT$3.76B | NT$4.74B | NT$7.37B | NT$10.7B |
| Capital expenditure | NT$2.74B | NT$3.71B | NT$2.32B | NT$3.57B | NT$2.42B |
| Total debt | NT$538M | NT$1.06B | NT$590M | NT$1.95B | NT$2.80B |
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 |
|---|---|---|---|---|---|---|
| Simplo Technology 6121.TWO | $1.90B | -6% | +3% | 11% | 9.6× | -20.1% |
| Dynapack International Technology 3211.TWO | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% |
| LG Energy Solution 373220.KS | $58.2B | -27% | +25% | 1% | n/a | n/a |
| Samsung Sdi 006400.KS | $26.8B | -33% | +21% | 0% | 45.9× | n/a |
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 | 6121.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -8.2% | 9th lowest of 21 |
| 6-month return | -6.2% | -21.3% | 5th highest of 20 |
| Distance from 52-week high | -30.3% | -46.4% | 6th highest of 21 |
| Revenue growth (TTM) | +2.5% | +6.8% | 9th lowest of 21 |
| Operating margin | 10.7% | 6.3% | 7th highest of 21 |
| Forward P/E | 9.6× | 23.7× | cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -20.1% | 10.7% | least demanding of 13 |
| Growth delivered (Del g) | -0.8% | +9.8% | 2nd lowest of 13 |
| Hurdle (Req g minus delivered) | -19.3 pp | +0.7 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +31.1 pp | -1.8 pp | 2nd highest of 21 |
| EV / EBITDA | 3.0× | 14.1× | cheapest of 6 |
| Net debt / EBITDA | -3.1× | -0.4× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Simplo Technology 6121.TWO | Taiwan | $1.90B | -6% | +3% | 11% | 9.6× | -20.1% | -0.8% |
| Jiangsu Cnano Technology 688116.SS | China | $1.90B | -19% | +8% | 19% | 32.6× | n/a | n/a |
| Jiangsu Leili Motor 300660.SZ | China | $1.90B | -33% | +16% | 5% | 70.5× | 29.1% | +11.6% |
| Hangzhou Zhongheng Electric 002364.SZ | China | $1.89B | -40% | +17% | 4% | 70.6× | n/a | n/a |
| CETC Chips Technology 600877.SS | China | $1.87B | -36% | -2% | -3% | n/a | n/a | n/a |
| Hengdian Group Tospo Lighting 603303.SS | China | $1.86B | +44% | +5% | 1% | 70.3× | 35.6% | -0.8% |
| Jiangxi Special Electric Motor 002176.SZ | China | $1.96B | -52% | -13% | -13% | n/a | 48.7% | +1.2% |
| Meidensha 6508.T | Japan | $1.96B | -20% | +12% | 10% | 11.0× | 5.1% | +7.1% |
| TD Power Systems TDPOWERSYS.NS | India | $1.96B | -7% | +54% | 17% | 47.1× | 40.6% | +25.6% |
| Jinlongyu 002882.SZ | China | $1.97B | -21% | -1% | 3% | n/a | n/a | n/a |
| Farasis Energy (Gan Zhou) 688567.SS | China | $1.82B | -29% | -8% | -10% | n/a | -0.9% | +52.1% |
| Advanced Energy Solution 6781.TW | Taiwan | $1.82B | -37% | +38% | 24% | 13.5× | 2.6% | +20.5% |
| SMA Solar Technology S92.DE | Germany | $1.99B | -21% | +4% | -7% | 16.7× | -4.2% | +8.1% |
| Xian Sinofuse Electric 301031.SZ | China | $1.99B | -16% | +56% | 21% | 22.1× | n/a | n/a |
| Guangdong Mingyang Electric 301291.SZ | China | $1.81B | -34% | -17% | 5% | 27.9× | 15.6% | +32.9% |
| Minmetals New Energy Materials (Hunan) 688779.SS | China | $2.00B | -36% | +146% | 5% | 23.8× | n/a | n/a |
| Pfeiffer Vacuum Technology PFV.DE | Germany | $1.79B | -3% | 0% | 9% | 23.6× | 8.9% | +6.6% |
| Wuxi Huaguang Environment & Energy 600475.SS | China | $1.79B | -24% | -8% | 7% | 20.7× | 8.0% | +3.0% |
| Dajin Heavy Industry 1081.HK | Hong Kong | $2.03B | n/a | +2% | 19% | 10.6× | n/a | n/a |
| AQ Group AB AQ.ST | Sweden | $2.04B | -5% | +11% | 9% | 24.7× | 12.4% | +13.5% |
| Zhejiang E-P Equipment 603194.SS | China | $2.04B | -3% | +17% | 13% | 14.8× | n/a | n/a |