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← CockpitCompetitor Analysis › 6199.TWO TienPin United Enterprise Co., Ltd.Open in the cockpit ↗

TienPin United Enterprise Co., Ltd.6199.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Peripherals
Momentum leader 98
Mkt cap
$305M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$38.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+21.8 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · TWDNT$163.50
1D-2.1%
1W+1.9%
1M+22.5%
3M+64.8%
6M+77.5%
YTD+51.4%
1Y+82.3%
ATR %2.9%
52w lowhigh4.4% off high

What TienPin United Enterprise does

No business profile yet.

TienPin United Enterprise at a glance

Size TienPin United Enterprise (6199.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $305M, the 650th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$163.50 on 6 Nov 2026.

Performance Over six months the shares gained 77.5%, against -21.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 576.9% over the last twelve months (peer median +4.1%); the operating margin is 30.2% (peer median 4.7%).

Valuation It trades at 13.9× enterprise value to sales against a peer median of 1.4× (most expensive of 21).

Capital Return on invested capital runs 21.8 points above its cost of capital (5.0% WACC).

Relative performance

10015011 May 202611 Aug 20266 Nov 20266199.TWO 166Peer median 80
Six months, rebased to 100: TienPin United Enterprise against the median of its 20 peers (local-currency closes).

TienPin United Enterprise financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$694MNT$264MNT$94.8MNT$101MNT$89.9M
Revenue growth—+178%-6%+12%—
Gross profitNT$285MNT$112MNT$66.7MNT$73.6MNT$67.2M
EBITDANT$221MNT$60.8MNT$18.5MNT$29.3MNT$24.0M
Net incomeNT$168MNT$18.9MNT$37.2MNT$28.5M-NT$2.13M
Free cash flow-NT$22.0MNT$5.98MNT$30.4MNT$74.3MNT$502,000
Capital expenditureNT$3.94MNT$3.67MNT$2.17MNT$0NT$33.7M
Total debtNT$561MNT$6.01MNT$5.55MNT$3.88MNT$36.7M

Quarterly statements and history in the cockpit →

TienPin United Enterprise competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%2406073230150323323217ADTN00002062773006095309544330226188641330054633808AZ66766199.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. TienPin United Enterprise is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%0×5×10×24060732301503233232170000203006093005463003116199.TWORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TienPin United Enterprise is the large dot.

TienPin United Enterprise competitors and peer comparison

How TienPin United Enterprise compares with its peers

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.

TienPin United Enterprise against its 20 peers (data as of 6 Nov 2026)
Measure6199.TWOPeer medianRank in peer set
1-month return+22.5%-15.6%highest of 21
6-month return+77.5%-21.2%highest of 21
Distance from 52-week high-4.4%-38.9%highest of 21
Revenue growth (TTM)+576.9%+4.1%highest of 21
Operating margin30.2%4.7%2nd highest of 21
EV / Sales13.9×1.4×most expensive of 21
ROIC minus cost of capital+21.8 pp-3.0 pp4th highest of 21
EV / EBITDA43.7×8.5×2nd most expensive of 13
Net debt / EBITDA-2.2×-1.7×8th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
TienPin United Enterprise 6199.TWOTaiwan$305M+78%+577%30%13.9×n/an/a
Gigastorage 2406.TWTaiwan$310M-11%+83%2%2.3×n/an/a
Truly International 0732.HKHong Kong$300M-21%-11%4%0.5×-14.9%-5.7%
G.tech Technology 301503.SZChina$313M-27%+28%4%1.1×n/an/a
D-Link 2332.TWTaiwan$297M+15%+3%-1%0.7×n/an/a
Argosy Research 3217.TWOTaiwan$294M-38%+2%30%1.8×-8.6%+9.8%
ADTRAN ADTNUnited States$329M-73%+10%0%0.8×n/an/a
Shenzhen Zhongheng Huafa 000020.SZChina$332M-31%-25%5%3.2×26.4%+4.4%
Aten International 6277.TWTaiwan$276M+7%+6%14%1.6×-7.6%+0.4%
Winner Technology 300609.SZChina$341M-53%-6%-41%6.7×n/an/a
Sysgration 5309.TWOTaiwan$360M-19%+9%-4%3.1×n/an/a
Gallant Precision Machining 5443.TWOTaiwan$374M-44%+12%12%3.3×12.4%+6.2%
IEI Integration 3022.TWTaiwan$405M+1%+3%6%1.2×n/an/a
Quanta Storage 6188.TWOTaiwan$409M-45%+3%7%1.2×n/an/a
Riso Kagaku 6413.TJapan$418M+3%+5%6%0.7×-2.7%+2.9%
Shenzhen Emperor Technology 300546.SZChina$434M-22%+8%3%3.8×38.7%+7.9%
Alpha Networks 3380.TWTaiwan$437M-23%+11%1%0.9×n/an/a
Aztech Global 8AZ.SISingapore$212M-64%-8%9%0.2×n/an/a
Buffalo 6676.TJapan$458M+23%-19%8%0.4×-10.5%-2.0%
Surfilter Network Technology 300311.SZChina$488M-11%+15%7%6.2×n/an/a
Huasu 000509.SZChina$502M-13%-23%-2%5.0×n/an/a

Questions

Which companies are TienPin United Enterprise's closest peers?
The cockpit's peer set: Gigastorage (2406.TW), Truly International (0732.HK), G.tech Technology (301503.SZ), D-Link (2332.TW), Argosy Research (3217.TWO), ADTRAN (ADTN), Shenzhen Zhongheng Huafa (000020.SZ), Aten International (6277.TW).
Is TienPin United Enterprise expensive compared with its peers?
On ev / sales it trades at 13.9× against a peer median of 1.4×, most expensive of 21 in its peer set.
How has TienPin United Enterprise stock performed?
Over six months to 6 Nov 2026 the shares returned +77.5% against -21.2% for the median peer; over one year +82.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.