Loading…
Taiwanese systems integrator supplying and servicing semiconductor/display fab equipment, gas and automation systems.
Taiwanese systems integrator supplying and servicing semiconductor/display fab equipment, gas and automation systems.
Earns as an agent and installer: it represents foreign equipment and materials makers in Taiwan, and designs and installs gas and chemical supply systems in fabs, so revenue follows new-fab construction, with service afterwards. It earns a trader's margin rather than a maker's.
Moat: none (distribution, process know-how). Largely a fab equipment/materials distributor and integrator rather than a proprietary-technology maker.
Headquarters: Taipei, Taiwan · Founded: 1988 · Employees: 2,269
Size Marketech International (6196.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $2.68B, the 136th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$402.50 on 6 Nov 2026.
Performance Over six months the shares gained 7.6%, against -26.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 43.8% over the last twelve months (peer median +16.5%); the operating margin is 6.5% (peer median 6.4%).
Valuation It trades at 13.0× forward earnings against a peer median of 29.1× (2nd cheapest of 19).
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 +15%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.9 points above its cost of capital (8.5% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$61.6B | NT$51.6B | NT$60.7B | NT$56.3B | NT$50.4B |
| Revenue growth | — | -15% | +8% | +12% | — |
| Gross profit | NT$7.33B | NT$5.40B | NT$5.07B | NT$5.07B | NT$5.23B |
| EBITDA | NT$4.76B | NT$3.08B | NT$3.19B | NT$3.10B | NT$3.32B |
| Net income | NT$4.86B | NT$3.24B | NT$1.80B | NT$2.16B | NT$2.22B |
| Free cash flow | NT$9.67B | NT$4.19B | NT$9.41B | -NT$3.99B | NT$584M |
| Capital expenditure | NT$1.00B | NT$1.25B | NT$1.39B | NT$266M | NT$406M |
| Total debt | NT$8.42B | NT$9.59B | NT$13.1B | NT$16.6B | NT$9.99B |
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 |
|---|---|---|---|---|---|---|
| Marketech International 6196.TW | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% |
| Gallant Precision Machining 5443.TWO | $374M | -44% | +12% | 12% | n/a | 12.4% |
| Chroma Ate 2360.TW | $15.4B | -46% | +101% | 39% | 18.5× | 19.3% |
| Test Research 3030.TW | $1.44B | -51% | +32% | 40% | n/a | -2.5% |
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 | 6196.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -40.7% | -19.8% | 2nd lowest of 21 |
| 6-month return | +7.6% | -26.8% | 3rd highest of 21 |
| Distance from 52-week high | -41.1% | -53.5% | 8th highest of 21 |
| Revenue growth (TTM) | +43.8% | +16.5% | 3rd highest of 21 |
| Operating margin | 6.5% | 6.4% | 10th highest of 21 |
| Forward P/E | 13.0× | 29.1× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 13.8% | 4th least demanding of 8 |
| Growth delivered (Del g) | +15.5% | +5.3% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -9.1 pp | -1.3 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +21.9 pp | -2.8 pp | highest of 21 |
| EV / EBITDA | 17.1× | 15.6× | 4th cheapest of 7 |
| Net debt / EBITDA | -1.6× | -0.6× | 3rd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |