Loading…
Taiwanese maker of copper-clad laminate (CCL) materials for PCBs, including high-speed grades for AI servers.
Taiwanese maker of copper-clad laminate (CCL) materials for PCBs, including high-speed grades for AI servers.
Makes the laminate sheet that PCB makers etch circuits onto, so it earns per sheet and profit depends on the grade; low-loss, high-speed grades used in AI servers carry higher prices than standard sheets, while copper foil, glass cloth and resin costs affect profit.
Moat: narrow (process know-how, customer qualification). Low-loss laminate formulations qualified into high-speed PCB designs.
Headquarters: Taoyuan, Taiwan · Founded: 1988 · Employees: 2,563
Size Taiwan Union Technology (6274.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $8.21B, the 62nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$906.00 on 6 Nov 2026.
Performance Over six months the shares fell 25.7%, against -14.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 86.8% over the last twelve months (peer median +23.2%); the operating margin is 23.4% (peer median 11.2%).
Valuation It trades at 13.9× forward earnings against a peer median of 27.4× (3rd cheapest of 19).
Capital Return on invested capital runs 20.7 points above its cost of capital (13.5% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$51.4B | NT$30.3B | NT$23.1B | NT$16.0B | NT$18.5B |
| Revenue growth | — | +32% | +44% | -13% | — |
| Gross profit | NT$15.7B | NT$6.80B | NT$5.25B | NT$3.07B | NT$3.32B |
| EBITDA | n/a | NT$4.80B | NT$3.78B | NT$1.88B | NT$1.96B |
| Net income | NT$8.54B | NT$3.41B | NT$2.60B | NT$823M | NT$1.26B |
| Free cash flow | n/a | -NT$1.17B | -NT$374M | NT$608M | NT$2.05B |
| Capital expenditure | n/a | NT$1.99B | NT$1.21B | NT$634M | NT$385M |
| Total debt | n/a | NT$8.44B | NT$4.41B | NT$2.71B | NT$3.38B |
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 |
|---|---|---|---|---|---|---|
| Taiwan Union Technology 6274.TWO | $8.21B | -26% | +87% | 23% | 13.9× | n/a |
| Elite Material 2383.TW | $41.4B | -19% | +89% | 26% | 15.8× | n/a |
| ITEQ 6213.TW | $5.45B | +75% | +16% | 9% | 16.6× | n/a |
| Shengyi Technology 600183.SS | $25.7B | -8% | +56% | 22% | 20.3× | 20.5% |
| Kingboard Laminates 1888.HK | $12.2B | -26% | +32% | 21% | 10.8× | 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 | 6274.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -49.1% | -33.1% | lowest of 21 |
| 6-month return | -25.7% | -14.6% | 9th lowest of 21 |
| Distance from 52-week high | -52.8% | -49.0% | 8th lowest of 21 |
| Revenue growth (TTM) | +86.8% | +23.2% | highest of 21 |
| Operating margin | 23.4% | 11.2% | 3rd highest of 21 |
| Forward P/E | 13.9× | 27.4× | 3rd cheapest of 19 |
| ROIC minus cost of capital | +20.7 pp | -1.5 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Union Technology 6274.TWO | Taiwan | $8.21B | -26% | +87% | 23% | 13.9× | n/a | n/a |
| Shenzhen Kinwong Electronic 603228.SS | China | $8.38B | -23% | +33% | 12% | 22.6× | n/a | n/a |
| Shengyi Electronics 688183.SS | China | $7.95B | -44% | +46% | 21% | 19.4× | n/a | n/a |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |
| TTM Technologies TTMI | United States | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% | +6.7% |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 25.9× | 46.0% | +6.6% |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 202.4× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | n/a | 53.4% | +36.1% |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 10.7× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 57.3× | n/a | n/a |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |
| Kinsus Interconnect Technology 3189.TW | Taiwan | $10.7B | +27% | +34% | 14% | 29.4× | 41.2% | +7.7% |
| Accelink Technologies 002281.SZ | China | $10.8B | -37% | +32% | 11% | 42.6× | n/a | n/a |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |