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Precision metal components maker producing golf clubheads and other precision-machined parts for global brands.
Precision metal components maker producing golf clubheads and other precision-machined parts for global brands.
Casts and machines clubheads to each brand's design, so the golf brands own the design and the retail relationship while it earns manufacturing fees on their orders. Machining precision parts for other uses is its second line.
In one line: A Taiwanese precision-parts OEM.
Moat: narrow (process know-how, customer qualification). Precision casting/machining expertise and long OEM ties with major golf brands.
Headquarters: Taichung, Taiwan
Size Fusheng Precision (6670.TW) is a Taiwan Consumer Discretionary company (Recreational Products) with a market value of $1.07B, the 258th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$254.50 on 6 Nov 2026.
Performance Over six months the shares fell 1.0%, against -10.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 1.2% over the last twelve months (peer median +9.6%); the operating margin is 15.4% (peer median 7.3%).
Valuation It trades at 9.3× forward earnings against a peer median of 13.5× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$31.3B | NT$29.8B | NT$28.4B | NT$24.4B | NT$33.7B |
| Revenue growth | — | +5% | +16% | -28% | — |
| Gross profit | NT$7.63B | NT$7.34B | NT$7.36B | NT$5.45B | NT$8.43B |
| EBITDA | NT$5.86B | NT$5.62B | NT$5.56B | NT$3.91B | NT$6.51B |
| Net income | NT$3.41B | NT$3.12B | NT$3.80B | NT$2.40B | NT$4.80B |
| Free cash flow | NT$2.57B | NT$2.53B | NT$3.58B | NT$3.96B | NT$3.54B |
| Capital expenditure | NT$1.14B | NT$1.13B | NT$1.22B | NT$1.01B | NT$1.67B |
| Total debt | NT$3.02B | NT$3.98B | NT$2.13B | NT$2.19B | NT$3.27B |
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 |
|---|---|---|---|---|---|---|
| Fusheng Precision 6670.TW | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% |
| Ta-I Technology 2478.TW | $388M | +16% | +8% | 14% | n/a | 13.2% |
| Mizuno 8022.T | $2.10B | +27% | +10% | 9% | 15.9× | 4.9% |
| Sumitomo Rubber Industries 5110.T | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% |
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 | 6670.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | +1.1% | 7th lowest of 21 |
| 6-month return | -1.0% | -10.4% | 8th highest of 21 |
| Distance from 52-week high | -16.4% | -30.4% | 8th highest of 21 |
| Revenue growth (TTM) | +1.2% | +9.6% | 5th lowest of 21 |
| Operating margin | 15.4% | 7.3% | 3rd highest of 21 |
| Forward P/E | 9.3× | 13.5× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -14.6% | -1.5% | least demanding of 13 |
| Growth delivered (Del g) | +15.9% | +7.4% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -30.6 pp | -10.0 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +21.6 pp | -0.3 pp | 2nd highest of 20 |
| EV / EBITDA | 5.3× | 7.6× | 3rd cheapest of 13 |
| Net debt / EBITDA | -1.2× | -0.2× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | n/a | n/a | n/a |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 11.6× | 3.2% | +15.9% |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | n/a | n/a | n/a |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Tron TRON | United States | $669M | -37% | +20% | -45% | n/a | n/a | n/a |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Thunder Tiger 8033.TW | Taiwan | $647M | -14% | +11% | -5% | n/a | n/a | n/a |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 32.8× | n/a | n/a |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 10.6× | -8.3% | +9.5% |
| Alpen 3028.T | Japan | $590M | +26% | +6% | 3% | n/a | -3.0% | +4.2% |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |