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← CockpitCompetitor Analysis › 6443.TW TSEC CorporationOpen in the cockpit ↗

TSEC Corporation6443.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors
Momentum neutral 49
Mkt cap
$423M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$6.97M
20-day average traded
Fwd P/E
9.1×
forward earnings
ROIC−WACC
-30.4 pp
WACC 5.8%
Hurdle
n/a
no reverse DCF
Next earnings
10 days
16 Nov 2026
Close · TWDNT$25.95
1D+10.0%
1W+10.2%
1M-8.0%
3M+0.6%
6M-30.8%
YTD-7.0%
1Y+81.5%
ATR %6.1%
52w lowhigh54.1% off high

What TSEC does

No business profile yet.

TSEC at a glance

Size TSEC (6443.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $423M, the 508th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$25.95 on 6 Nov 2026.

Performance Over six months the shares fell 30.8%, against -21.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 54.7% over the last twelve months (peer median +4.7%); the operating margin is -121.5% (peer median 2.0%).

Valuation It trades at 9.1× forward earnings against a peer median of 23.3× (2nd cheapest of 12).

Capital Return on invested capital runs 30.4 points below its cost of capital (5.8% WACC).

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 756443.TW 69
Six months, rebased to 100: TSEC against the median of its 20 peers (local-currency closes).

TSEC financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$1.39BNT$1.82BNT$4.52BNT$8.27BNT$9.01B
Revenue growth—-60%-45%-8%—
Gross profit-NT$1.33B-NT$1.38BNT$294MNT$1.26BNT$664M
EBITDA-NT$1.19B-NT$1.10BNT$701MNT$1.69BNT$866M
Net income-NT$3.15B-NT$3.20B-NT$600MNT$527MNT$190M
Free cash flow-NT$21.2MNT$186MNT$78.1MNT$201M-NT$1.11B
Capital expenditureNT$73.9MNT$138MNT$651MNT$1.20BNT$1.30B
Total debtNT$2.61BNT$2.52BNT$2.87BNT$3.31BNT$3.72B

Quarterly statements and history in the cockpit →

TSEC 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

-60%-40%-20%-40%-20%ALSEMINDI05909069623003016036283016366920785332346882593007012340613868862010149068554971497782616443.TW6-month return →1-month return →
Up and to the right = strong over both horizons. TSEC is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%20×40×60×ALSEM69626882592340613868862010149068554971497782616443.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TSEC is the large dot.

TSEC competitors and peer comparison

How TSEC 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.

TSEC against its 20 peers (data as of 6 Nov 2026)
Measure6443.TWPeer medianRank in peer set
1-month return-8.0%-23.6%4th highest of 21
6-month return-30.8%-21.4%8th lowest of 21
Distance from 52-week high-54.1%-45.0%7th lowest of 21
Revenue growth (TTM)-54.7%+4.7%lowest of 21
Operating margin-121.5%2.0%lowest of 20
Forward P/E9.1×23.3×2nd cheapest of 12
ROIC minus cost of capital-30.4 pp-5.2 pp2nd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
TSEC 6443.TWTaiwan$423M-31%-55%-122%9.1×n/an/a
SEMCO Technologies ALSEM.PAFrance$421M-34%+7%n/a29.4×26.2%n/a
indie Semiconductor INDIUnited States$420M-58%+6%-62%n/an/an/a
MiCo 059090.KSSouth Korea$431M-18%+60%6%n/an/an/a
ITH 6962.TWTaiwan$436M-17%-3%2%5.3×1.4%-4.9%
Shenzhen Changfang 300301.SZChina$406M-9%-11%-23%n/an/an/a
Clenergy Technology 603628.SSChina$441M-13%-21%4%n/a13.0%+18.4%
Zerun 301636.SZChina$405M-32%-5%0%n/an/an/a
Phoenix Pioneer Technology 6920.TWOTaiwan$442M-44%+32%-10%n/an/an/a
Cheng Mei Instrument Technology 7853.TWOTaiwan$442M-20%+2%-46%n/an/an/a
Truelight 3234.TWOTaiwan$443M+8%+10%-24%n/an/an/a
Triductor Technology (Suzhou) 688259.SSChina$446M-30%-32%-16%23.3×55.4%+11.6%
Senba Sensing Technology 300701.SZChina$400M-29%-7%10%n/a28.3%+4.3%
Taiwan-Asia Semiconductor 2340.TWTaiwan$448M-19%0%-26%35.7×n/an/a
Anpec Electronics 6138.TWOTaiwan$449M-20%+18%19%10.5×-1.6%+6.8%
Guangzhou Anyka Microelectronics 688620.SSChina$449M-11%+70%1%66.7×n/an/a
S & S Tech 101490.KSSouth Korea$451M-71%+20%20%11.5×n/an/a
Japan Electronic Materials 6855.TJapan$451M-31%+38%26%9.7×10.9%+9.7%
IntelliEPI Inc. (Cayman) 4971.TWOTaiwan$452M-60%+31%19%41.6×n/an/a
PCL Technologies 4977.TWTaiwan$454M-23%-26%2%60.0×n/an/a
Advanced Power Electronics 8261.TWTaiwan$392M-12%+3%24%15.8×5.0%-0.1%

Questions

Which companies are TSEC's closest peers?
The cockpit's peer set: SEMCO Technologies (ALSEM.PA), indie Semiconductor (INDI), MiCo (059090.KS), ITH (6962.TW), Shenzhen Changfang (300301.SZ), Clenergy Technology (603628.SS), Zerun (301636.SZ), Phoenix Pioneer Technology (6920.TWO).
Is TSEC expensive compared with its peers?
On forward p/e it trades at 9.1× against a peer median of 23.3×, 2nd cheapest of 12 in its peer set.
How has TSEC stock performed?
Over six months to 6 Nov 2026 the shares returned -30.8% against -21.4% for the median peer; over one year +81.5%.

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.