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← CockpitCompetitor Analysis › 6525.TW GEM Services, Inc.Open in the cockpit ↗

GEM Services, Inc.6525.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Semiconductors
Momentum weak 24
Mkt cap
$370M
US dollars, full cap
Free float
51%
of shares outstanding
$/day
$2.72M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+37.2 pp
WACC 6.9%
Hurdle
-14 pp
Req g minus delivered
Close · TWDNT$94.70
1D-4.7%
1W-16.2%
1M-32.4%
3M-30.4%
6M-7.6%
YTD+25.9%
1Y+9.9%
ATR %6.8%
52w lowhigh57.1% off high

What GEM Services does

No business profile yet.

GEM Services at a glance

Size GEM Services (6525.TW) is a Taiwan Information Technology company (Semiconductors) with a market value of $370M, the 559th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$94.70 on 6 Nov 2026.

Performance Over six months the shares fell 7.6%, against -31.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 14.1% over the last twelve months (peer median +1.4%); the operating margin is 20.3% (peer median 3.4%).

Valuation It trades at 1.7× enterprise value to sales against a peer median of 2.9× (5th cheapest of 21).

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 +7%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 37.2 points above its cost of capital (6.9% WACC).

Relative performance

10015020011 May 202611 Aug 20266 Nov 20266525.TW 92Peer median 70
Six months, rebased to 100: GEM Services against the median of its 20 peers (local-currency closes).

GEM Services financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$5.73BNT$5.33BNT$4.67BNT$4.42BNT$5.22B
Revenue growth—+14%+6%-15%—
Gross profitNT$1.52BNT$1.38BNT$1.02BNT$912MNT$1.21B
EBITDANT$1.76BNT$1.63BNT$1.33BNT$1.27BNT$1.41B
Net incomeNT$927MNT$759MNT$664MNT$566MNT$930M
Free cash flowNT$913MNT$881MNT$1.06BNT$453MNT$735M
Capital expenditureNT$441MNT$424MNT$249MNT$576MNT$858M
Total debtNT$49.3MNT$63.9MNT$98.4MNT$36.3MNT$67.9M

Quarterly statements and history in the cockpit →

GEM Services 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%-40%-30%-20%-10%-40%-30%-20%-10%NVEC77492401688589600537300940WBT219130046890678860558882612338MOSCHIP8255313530110630070149083016366525.TW6-month return →1-month return →
Up and to the right = strong over both horizons. GEM Services is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%5×10×NVEC77492401688589600537300940WBT21913004689067888261MOSCHIP313549086525.TWRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. GEM Services is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%NVEC774960053730094021913004689067888261MOSCHIP825530070149086525.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. GEM Services is the large dot.

GEM Services competitors and peer comparison

How GEM Services 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.

GEM Services against its 20 peers (data as of 6 Nov 2026)
Measure6525.TWPeer medianRank in peer set
1-month return-32.4%-18.5%4th lowest of 21
6-month return-7.6%-31.4%2nd highest of 21
Distance from 52-week high-57.1%-51.2%6th lowest of 21
Revenue growth (TTM)+14.1%+1.4%7th highest of 21
Operating margin20.3%3.4%6th highest of 21
EV / Sales1.7×2.9×5th cheapest of 21
Growth the price implies (Req g, 7 yrs)-7.1%14.6%least demanding of 14
Growth delivered (Del g)+7.3%+4.3%6th highest of 14
Hurdle (Req g minus delivered)-14.3 pp+8.6 pp3rd least demanding of 14
ROIC minus cost of capital+37.2 pp-3.9 pp2nd highest of 19
EV / EBITDA5.5×14.0×2nd cheapest of 11
Net debt / EBITDA-1.5×-1.0×6th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
GEM Services 6525.TWTaiwan$370M-8%+14%20%1.7×-7.1%+7.3%
NVE NVECUnited States$368M-16%+24%62%11.2×12.9%+4.3%
Intelligo Technology 7749.TWTaiwan$373M-49%+65%35%4.5×4.4%+50.5%
Sunplus Technology 2401.TWTaiwan$365M-18%+6%3%1.5×n/an/a
Leaguer (Shenzhen) Microelectronics 688589.SSChina$364M-27%-10%3%6.3×n/an/a
EGing Photovoltaic Technology 600537.SSChina$364M-36%-62%-42%2.8×2.9%-14.0%
Shenzhen Australis Electronic Technology 300940.SZChina$378M-43%-9%4%2.6×30.8%-5.6%
Weebit Nano WBT.AXAustralia$361M-57%+246%-378%23.1×n/an/a
TigerElec 219130.KSSouth Korea$379M+78%+51%13%4.8×23.3%+13.1%
Seoul Semiconductor 046890.KSSouth Korea$358M-48%0%0%0.6×28.9%-2.5%
Brillian Network & Automation Integrated System 6788.TWOTaiwan$353M-32%+21%35%3.9×-1.4%+28.7%
Keystone Technology 605588.SSChina$390M-37%-7%-9%2.8×n/an/a
Advanced Power Electronics 8261.TWTaiwan$392M-12%+3%24%2.8×5.0%-0.1%
Taiwan Mask 2338.TWTaiwan$348M-31%-15%-6%2.9×10.5%+5.3%
Moschip Technologies MOSCHIP.NSIndia$348M-26%-1%-1%6.2×48.6%+40.9%
Actron Technology 8255.TWOTaiwan$347M-24%-4%5%1.5×14.6%+21.4%
Goldkey Technology 3135.TWTaiwan$345M-18%+217%18%0.9×n/an/a
Jiangsu Smartwin Electronics Technology 301106.SZChina$345M-37%+7%2%2.0×n/an/a
Senba Sensing Technology 300701.SZChina$400M-29%-7%10%6.2×28.3%+4.3%
APAC Opto Electronics 4908.TWOTaiwan$341M-42%+4%21%10.9×32.8%+1.9%
Zerun 301636.SZChina$405M-32%-5%0%2.8×n/an/a

Questions

Which companies are GEM Services's closest peers?
The cockpit's peer set: NVE (NVEC), Intelligo Technology (7749.TW), Sunplus Technology (2401.TW), Leaguer (Shenzhen) Microelectronics (688589.SS), EGing Photovoltaic Technology (600537.SS), Shenzhen Australis Electronic Technology (300940.SZ), Weebit Nano (WBT.AX), TigerElec (219130.KS).
Is GEM Services expensive compared with its peers?
On ev / sales it trades at 1.7× against a peer median of 2.9×, 5th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has GEM Services stock performed?
Over six months to 6 Nov 2026 the shares returned -7.6% against -31.4% for the median peer; over one year +9.9%.

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.