Who are WinWay Technology's main competitors?

Named competitors: Advantest (6857.T), Aehr Test Systems (AEHR), Leeno Industrial (058470.KS), ISC Co (095340.KS), Yamaichi Electronics (6941.T), Enplas (6961.T). The cockpit's measured peer set (industry) also includes Synnex Technology International (2347.TW), Shenzhen Huaqiang Industry (000062.SZ), ALSO (ALSN.SW), Resideo Technologies (REZI), WPG (3702.TW), Qi An Xin Technology (688561.SS).

How has WinWay Technology stock performed?

Over six months to 6 Nov 2026 the shares returned -67.2% against -9.8% for the median peer; over one year +34.5%.

← CockpitCompetitor Analysis › 6515.TW WinWay Technology Co., Ltd.Open in the cockpit ↗

WinWay Technology Co., Ltd.6515.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronics Distributors

Taiwanese maker of IC test sockets and burn-in equipment used to test semiconductor chips.

≈ A niche semiconductor test-hardware supplierMomentum laggard 0

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.63B

US dollars, full cap

Free float

70%

of shares outstanding

$/day

$109M

20-day average traded

Fwd P/E

27.9×

forward earnings

ROIC−WACC

+49.7 pp

WACC 10.4%

Hurdle

+11 pp

Req g minus delivered

Close · TWDNT$3,295

1D-9.0%

1W-27.8%

1M-46.9%

3M-49.9%

6M-67.2%

YTD+16.0%

1Y+34.5%

ATR %10.8%

52w lowhigh71.3% off high

What WinWay Technology does

Taiwanese maker of IC test sockets and burn-in equipment used to test semiconductor chips.

Sells sockets, which hold a chip during testing and wear out with use, so customers must keep reordering, along with burn-in equipment that stresses chips with heat before they ship. Revenue follows test-house spending and new chip designs, such as AI processors, that need new sockets each generation.

In one line: A niche semiconductor test-hardware supplier.

Products and services

IC test sockets
Burn-in test equipment
Probe/test interfaces

Customers

Semiconductor test houses (OSATs)
Chipmakers (final test)

Where it sits in the supply chain

Semiconductor equipment
Test hardware manufacturing
IC test sockets/burn-in systems

What could go right

AI chip/HBM testing demand
Advanced packaging growth

What could go wrong

Semiconductor capex cycle
Customer concentration

Moat: narrow (process know-how, customer qualification). Precision socket engineering qualified into chipmakers' test flows, especially for advanced packages.

Headquarters: Kaohsiung, Taiwan · Founded: 1996

Named competitors

WinWay Technology at a glance

Size WinWay Technology (6515.TW) is a Taiwan Information Technology company (Electronics Distributors) with a market value of $3.63B, the 109th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$3,295 on 6 Nov 2026.

Performance Over six months the shares fell 67.2%, against -9.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 44.6% over the last twelve months (peer median +32.6%); the operating margin is 23.6% (peer median 3.8%).

Valuation It trades at 27.9× forward earnings against a peer median of 13.0× (most expensive of 16).

Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is +11 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 49.7 points above its cost of capital (10.4% WACC).

Relative performance

Six months, rebased to 100: WinWay Technology against the median of its 20 peers (local-currency closes).

WinWay Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$10.5B	NT$7.86B	NT$5.80B	NT$3.68B	NT$5.12B
Revenue growth	—	+36%	+57%	-28%	—
Gross profit	NT$4.25B	NT$3.49B	NT$2.46B	NT$1.33B	NT$2.29B
EBITDA	NT$2.76B	NT$2.33B	NT$1.60B	NT$684M	NT$1.46B
Net income	NT$2.23B	NT$1.67B	NT$1.19B	NT$464M	NT$1.10B
Free cash flow	NT$565M	NT$1.52B	NT$750M	-NT$261M	NT$294M
Capital expenditure	NT$821M	NT$291M	NT$302M	NT$871M	NT$779M
Total debt	NT$1.57B	NT$83.1M	NT$261M	NT$466M	NT$61.0M

Quarterly statements and history in the cockpit →

WinWay Technology 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

Up and to the right = strong over both horizons. WinWay Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. WinWay Technology is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. WinWay Technology is the large dot.

WinWay Technology competitors and peer comparison

Head to head with its named competitors (6515.TW vs 6857.T vs AEHR vs 058470.KS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
WinWay Technology 6515.TW	$3.63B	-67%	+45%	24%	27.9×	32.8%
Advantest 6857.T	$124B	-1%	+48%	50%	27.5×	36.4%
Aehr Test Systems AEHR	$1.75B	-45%	-15%	-28%	n/a	n/a
Leeno Industrial 058470.KS	$2.60B	-61%	+24%	49%	19.4×	6.3%
ISC 095340.KS	$1.82B	-50%	+61%	30%	29.8×	10.5%
Yamaichi Electronics 6941.T	$670M	-45%	+29%	24%	9.5×	4.7%
Enplas 6961.T	$397M	-59%	+25%	16%	9.5×	5.5%
Cohu COHU	$1.82B	-22%	+34%	-2%	19.3×	21.5%
Chunghwa Precision Test Tech 6510.TWO	$2.30B	-37%	+24%	32%	28.3×	24.4%

How WinWay Technology 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.

WinWay Technology against its 20 peers (data as of 6 Nov 2026)
Measure	6515.TW	Peer median	Rank in peer set
1-month return	-46.9%	-10.0%	lowest of 21
6-month return	-67.2%	-9.8%	lowest of 21
Distance from 52-week high	-71.3%	-30.0%	2nd lowest of 21
Revenue growth (TTM)	+44.6%	+32.6%	8th highest of 21
Operating margin	23.6%	3.8%	2nd highest of 21
Forward P/E	27.9×	13.0×	most expensive of 16
Growth the price implies (Req g, 7 yrs)	32.8%	-5.0%	most demanding of 11
Growth delivered (Del g)	+22.0%	+7.8%	4th highest of 11
Hurdle (Req g minus delivered)	+10.8 pp	-12.2 pp	most demanding of 11
ROIC minus cost of capital	+49.7 pp	+3.5 pp	highest of 21
EV / EBITDA	41.6×	7.3×	most expensive of 5
Net debt / EBITDA	-1.9×	1.1×	least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
WinWay Technology 6515.TW	Taiwan	$3.63B	-67%	+45%	24%	27.9×	32.8%	+22.0%
Synnex Technology International 2347.TW	Taiwan	$4.26B	+3%	+36%	2%	7.8×	n/a	n/a
Shenzhen Huaqiang Industry 000062.SZ	China	$3.04B	-48%	+48%	4%	n/a	n/a	n/a
ALSO ALSN.SW	Switzerland	$3.01B	+17%	+29%	2%	16.7×	-4.4%	-0.1%
Resideo Technologies REZI	United States	$2.95B	+6%	+3%	8%	13.8×	n/a	n/a
WPG 3702.TW	Taiwan	$4.78B	-12%	+29%	2%	4.4×	n/a	n/a
Qi An Xin Technology 688561.SS	China	$2.61B	-15%	-14%	-45%	n/a	n/a	n/a
Canon Marketing Japan 8060.T	Japan	$5.26B	+5%	+3%	10%	17.1×	-7.2%	+4.5%
Puya Semiconductor (Shanghai) 688766.SS	China	$5.30B	-12%	+323%	37%	13.0×	15.2%	+26.5%
BIPROGY 8056.T	Japan	$2.47B	-3%	+4%	10%	13.1×	-9.5%	+7.1%
Nanjing Sunlord Electronics 300975.SZ	China	$2.40B	-11%	+109%	8%	n/a	n/a	n/a
SoftwareOne SWON.SW	Switzerland	$2.30B	+11%	+62%	12%	12.6×	-5.7%	+8.4%
Shenzhen CECport Technologies 001287.SZ	China	$2.28B	-24%	+138%	2%	n/a	n/a	n/a
ASBISc Enterprises ASB.WA	Poland	$2.17B	+123%	+43%	4%	12.6×	5.9%	+9.5%
Xi'an Novastar Tech 301589.SZ	China	$2.12B	-9%	+15%	17%	22.0×	15.9%	+28.7%
Avnet AVT	United States	$6.52B	-3%	+44%	4%	5.5×	n/a	n/a
SINBON Electronics 3023.TW	Taiwan	$1.88B	-11%	+9%	10%	15.4×	-0.1%	+7.3%
Daiwabo 3107.T	Japan	$1.79B	+4%	+14%	3%	10.8×	-7.7%	+5.3%
WT Microelectronics 3036.TW	Taiwan	$7.53B	-11%	+70%	2%	6.3×	-11.9%	+27.2%
Shenzhen Yitoa Intelligent Control 300131.SZ	China	$1.68B	-39%	+3%	0%	n/a	n/a	n/a
Wuhan P&S Information Technology 300184.SZ	China	$1.63B	-29%	+48%	5%	15.8×	n/a	n/a

Questions

Who are WinWay Technology's main competitors?: Named competitors: Advantest (6857.T), Aehr Test Systems (AEHR), Leeno Industrial (058470.KS), ISC Co (095340.KS), Yamaichi Electronics (6941.T), Enplas (6961.T). The cockpit's measured peer set (industry) also includes Synnex Technology International (2347.TW), Shenzhen Huaqiang Industry (000062.SZ), ALSO (ALSN.SW), Resideo Technologies (REZI), WPG (3702.TW), Qi An Xin Technology (688561.SS).
Is WinWay Technology expensive compared with its peers?: On forward p/e it trades at 27.9× against a peer median of 13.0×, most expensive of 16 in its peer set. For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is +11 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.
How has WinWay Technology stock performed?: Over six months to 6 Nov 2026 the shares returned -67.2% against -9.8% for the median peer; over one year +34.5%.