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Semiconductor packaging and SMT-based assembly service provider (OSAT) in Taiwan.
Semiconductor packaging and SMT-based assembly service provider (OSAT) in Taiwan.
Moat: narrow (process know-how). Niche packaging/SMT processes qualified with specific IC and module customers.
Headquarters: Taoyuan, Taiwan · Employees: 11,696
Size Taiwan Surface Mounting Technology (6278.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $1.60B, the 193rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$180.50 on 6 Nov 2026.
Performance Over six months the shares fell 2.4%, against -19.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +15.8%); the operating margin is 6.8% (peer median 6.2%).
Valuation It trades at 16.1× forward earnings against a peer median of 27.2× (5th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 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 9.0 points above its cost of capital (9.7% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$52.3B | NT$49.9B | NT$45.3B | NT$46.5B | NT$68.5B |
| Revenue growth | — | +10% | -3% | -32% | — |
| Gross profit | NT$6.60B | NT$6.39B | NT$6.05B | NT$5.28B | NT$8.83B |
| EBITDA | NT$5.48B | NT$5.36B | NT$4.72B | NT$5.43B | NT$8.73B |
| Net income | NT$3.13B | NT$2.75B | NT$2.91B | NT$2.51B | NT$4.04B |
| Free cash flow | NT$1.97B | NT$1.59B | NT$711M | NT$4.50B | NT$8.21B |
| Capital expenditure | NT$3.50B | NT$3.29B | NT$2.34B | NT$1.85B | NT$2.30B |
| Total debt | NT$7.24B | NT$7.05B | NT$7.39B | NT$7.58B | NT$9.16B |
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 Surface Mounting Technology 6278.TW | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 17.3× | n/a |
| Chipbond Technology 6147.TWO | $3.20B | -20% | +18% | 17% | 17.2× | n/a |
| Greatek Electronics 2441.TW | $1.68B | +4% | +24% | 21% | 13.2× | 1.6% |
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 | 6278.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.9% | -18.0% | 10th highest of 20 |
| 6-month return | -2.4% | -19.2% | 6th highest of 20 |
| Distance from 52-week high | -43.0% | -48.8% | 8th highest of 21 |
| Revenue growth (TTM) | +5.4% | +15.8% | 6th lowest of 21 |
| Operating margin | 6.8% | 6.2% | 11th highest of 21 |
| Forward P/E | 16.1× | 27.2× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 6.5% | 30.3% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +3.8% | +6.2% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | +2.7 pp | +25.0 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +9.0 pp | -7.3 pp | highest of 21 |
| EV / EBITDA | 8.0× | 18.3× | 4th cheapest of 10 |
| Net debt / EBITDA | -1.6× | -0.8× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | n/a | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 59.7× | 44.7% | +18.0% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 9.9× | 6.4% | +8.7% |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 231.3× | 35.8% | +1.0% |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | n/a | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | n/a | n/a | n/a |
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 13.2× | 1.6% | +2.7% |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 18.3× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | n/a | 38.4% | -4.7% |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 37.6× | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 35.3× | 10.4% | +6.2% |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 643.2× | n/a | n/a |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% | -1.3% |