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Taiwanese maker of multilayer ceramic capacitors (MLCCs), a passive component used across consumer and industrial electronics.
Taiwanese maker of multilayer ceramic capacitors (MLCCs), a passive component used across consumer and industrial electronics.
Makes capacitors in standard sizes bought mainly on price, so profit depends on factory utilisation and the MLCC pricing cycle, which swings with phone and PC demand and with inventory build-ups at customers.
In one line: A smaller Taiwanese MLCC maker.
Moat: none (scale). Commoditized passive-component maker competing mainly on cost and capacity.
Headquarters: Taiwan
Size Prosperity Dielectrics (6173.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $927M, the 281st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$191.50 on 6 Nov 2026.
Performance Over six months the shares gained 131.3%, against -24.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 11.7% over the last twelve months (peer median +21.9%); the operating margin is 19.8% (peer median 7.3%).
Valuation It trades at 18.4× forward earnings against a peer median of 20.3× (5th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +40 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 7.6 points below its cost of capital (15.5% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$4.39B | NT$4.06B | NT$3.72B | NT$3.65B | NT$4.14B |
| Revenue growth | — | +9% | +2% | -12% | — |
| Gross profit | NT$1.18B | NT$967M | NT$777M | NT$679M | NT$935M |
| EBITDA | NT$1.19B | NT$1.05B | NT$906M | NT$843M | NT$1.08B |
| Net income | NT$908M | NT$558M | NT$498M | NT$451M | NT$507M |
| Free cash flow | NT$638M | NT$719M | NT$810M | NT$704M | NT$622M |
| Capital expenditure | NT$292M | NT$152M | NT$84.7M | NT$74.3M | NT$565M |
| Total debt | NT$198M | NT$79.4M | NT$190M | NT$690M | NT$1.24B |
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 |
|---|---|---|---|---|---|---|
| Prosperity Dielectrics 6173.TWO | $927M | +131% | +12% | 20% | 18.4× | 35.6% |
| Yageo 2327.TW | $23.3B | +8% | +32% | 27% | 13.9× | 17.7% |
| Walsin Technology 2492.TW | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
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 | 6173.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.8% | -14.0% | 2nd lowest of 21 |
| 6-month return | +131.3% | -24.9% | highest of 21 |
| Distance from 52-week high | -47.2% | -47.1% | 11th highest of 21 |
| Revenue growth (TTM) | +11.7% | +21.9% | 7th lowest of 21 |
| Operating margin | 19.8% | 7.3% | 3rd highest of 21 |
| Forward P/E | 18.4× | 20.3× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 35.6% | 22.1% | 3rd most demanding of 12 |
| Growth delivered (Del g) | -4.9% | +12.1% | lowest of 12 |
| Hurdle (Req g minus delivered) | +40.5 pp | +7.0 pp | most demanding of 12 |
| ROIC minus cost of capital | -7.6 pp | -1.5 pp | 3rd lowest of 21 |
| EV / EBITDA | 24.6× | 9.8× | 2nd most expensive of 7 |
| Net debt / EBITDA | -1.1× | 0.5× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Prosperity Dielectrics 6173.TWO | Taiwan | $927M | +131% | +12% | 20% | 18.4× | 35.6% | -4.9% |
| Pegavision 6491.TW | Taiwan | $926M | +41% | +18% | 28% | 13.4× | -4.5% | +12.1% |
| Japan Aviation Electronics Industry 6807.T | Japan | $922M | -13% | +10% | 3% | 19.4× | n/a | n/a |
| HannStar Board 5469.TW | Taiwan | $937M | -25% | +32% | 8% | n/a | n/a | n/a |
| Shenzhen Q&D Circuits 301628.SZ | China | $917M | -26% | +37% | 13% | n/a | n/a | n/a |
| Kingsignal Technology 300252.SZ | China | $941M | -38% | +21% | 0% | n/a | n/a | n/a |
| Juneway Electronic Technology 301458.SZ | China | $946M | -25% | +24% | 20% | n/a | 36.2% | +13.7% |
| Bafang Electric (Suzhou) 603489.SS | China | $906M | -31% | +18% | 13% | 31.0× | 13.8% | -0.8% |
| Qingdao NovelBeam Technology 688677.SS | China | $904M | -54% | +11% | 28% | 30.4× | 22.1% | +17.0% |
| Shenzhen Click Technology 002782.SZ | China | $903M | -36% | +10% | 3% | 13.9× | 18.2% | +34.0% |
| Highbroad Advanced Material (Hefei) 301321.SZ | China | $902M | +28% | +22% | 0% | n/a | 35.6% | +5.8% |
| Officina Stellare OS.MI | Italy | $969M | +47% | +239% | -11% | 107.2× | n/a | n/a |
| Zhejiang Zuch Technology 301280.SZ | China | $971M | -24% | +25% | 13% | 21.3× | n/a | n/a |
| WCON Electronics 301328.SZ | China | $986M | -3% | +34% | 16% | 44.6× | n/a | n/a |
| Dynamic 3715.TW | Taiwan | $846M | -50% | +43% | 5% | 16.3× | n/a | n/a |
| Shenzhen SEG 000058.SZ | China | $1.02B | -20% | -1% | 9% | n/a | 9.7% | +5.3% |
| Shenzhen Jingquanhua Electronics 002885.SZ | China | $840M | -34% | +9% | 4% | n/a | 27.6% | +20.6% |
| Sungho Electronics 043260.KS | South Korea | $1.04B | -54% | +44% | 4% | n/a | n/a | n/a |
| Gosuncn Technology 300098.SZ | China | $1.04B | -27% | +20% | -3% | 50.1× | 33.2% | -3.1% |
| Basler BSL.DE | Germany | $823M | -7% | +31% | 15% | 19.1× | 23.8% | +5.7% |
| Hexatronic HTRO.ST | Sweden | $821M | -17% | +7% | 6% | 15.0× | 12.9% | +28.3% |