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← CockpitCompetitor Analysis › 6683.TWO Keystone Microtech Co.Open in the cockpit ↗

Keystone Microtech Co.6683.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Components

Taiwanese maker of electronic components; specific product lines and customers unconfirmed.

Momentum laggard 1
Mkt cap
$652M
US dollars, full cap
Free float
84%
of shares outstanding
$/day
$22.8M
20-day average traded
Fwd P/E
26.7×
forward earnings
ROIC−WACC
+30.9 pp
WACC 12.5%
Hurdle
+14 pp
Req g minus delivered
Next earnings
3 days
9 Nov 2026
Close · TWDNT$782.00
1D-8.6%
1W-26.9%
1M-45.7%
3M-28.3%
6M-69.5%
YTD+88.2%
1Y+97.2%
ATR %11.9%
52w lowhigh69.5% off high

What Keystone Microtech does

Taiwanese maker of electronic components; specific product lines and customers unconfirmed.

Where it sits in the supply chain

  • Information Technology hardware
  • Electronic components
  • Component manufacturing

Moat: none

Headquarters: Taiwan

Keystone Microtech at a glance

Size Keystone Microtech (6683.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $652M, the 363rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$782.00 on 6 Nov 2026.

Performance Over six months the shares fell 69.5%, against -24.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 24.9% over the last twelve months (peer median +14.3%); the operating margin is 27.3% (peer median 4.1%).

Valuation It trades at 26.7× forward earnings against a peer median of 29.2× (7th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +14 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 30.9 points above its cost of capital (12.5% WACC).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 756683.TWO 33
Six months, rebased to 100: Keystone Microtech against the median of its 20 peers (local-currency closes).

Keystone Microtech financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$2.45BNT$2.14BNT$1.74BNT$1.41BNT$1.53B
Revenue growth—+23%+23%-8%—
Gross profitNT$1.15BNT$939MNT$887MNT$674MNT$696M
EBITDANT$760MNT$623MNT$564MNT$491MNT$516M
Net incomeNT$617MNT$419MNT$480MNT$354MNT$406M
Free cash flowNT$640MNT$561M-NT$30.0MNT$468MNT$364M
Capital expenditureNT$87.4MNT$47.7MNT$529MNT$32.8MNT$57.3M
Total debtNT$11.6MNT$15.3MNT$10.5MNT$8.91MNT$7.16M

Quarterly statements and history in the cockpit →

Keystone Microtech 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%0%+20%-40%-20%0%3006913011200021896941301566147868040021346269370736052367300351688816600237001820VPGLBIRD6683.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. Keystone Microtech is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%25×50×75×3011206941147868046008176269370736052367300351600237001820VPG6886096683.TWORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Keystone Microtech is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%0%25%50%30112069413015666804600817688816600237001820VPG6886096683.TWOGrowth 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. Keystone Microtech is the large dot.

Keystone Microtech competitors and peer comparison

How Keystone Microtech 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.

Keystone Microtech against its 20 peers (data as of 6 Nov 2026)
Measure6683.TWOPeer medianRank in peer set
1-month return-45.7%-14.6%2nd lowest of 21
6-month return-69.5%-24.6%lowest of 21
Distance from 52-week high-69.5%-49.5%3rd lowest of 21
Revenue growth (TTM)+24.9%+14.3%6th highest of 21
Operating margin27.3%4.1%2nd highest of 21
Forward P/E26.7×29.2×7th cheapest of 16
Growth the price implies (Req g, 7 yrs)26.2%19.8%6th most demanding of 12
Growth delivered (Del g)+11.7%+10.7%5th highest of 12
Hurdle (Req g minus delivered)+14.5 pp+7.5 pp5th most demanding of 12
ROIC minus cost of capital+30.9 pp-4.4 pphighest of 21
EV / EBITDA26.3×18.5×2nd most expensive of 9
Net debt / EBITDA-2.1×-0.1×2nd least indebted of 10

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
Keystone Microtech 6683.TWOTaiwan$652M-70%+25%27%26.7×26.2%+11.7%
Union Optech 300691.SZChina$650M-16%+13%0%n/an/an/a
Newonder Special Electric 301120.SZChina$654M-39%+22%1%91.7×56.0%+4.2%
Costar 002189.SZChina$642M-22%+18%-14%n/an/an/a
Yamaichi Electronics 6941.TJapan$670M-45%+29%24%9.5×4.7%+13.7%
Dalian Dalicap Technology 301566.SZChina$670M-20%+41%45%n/a18.4%+10.8%
Q Technology (Group) 1478.HKHong Kong$674M-50%+31%3%6.9×n/an/a
Hosiden 6804.TJapan$675M-24%+41%5%8.0×-18.5%+13.9%
Tianjin Printronics Circuit 002134.SZChina$628M-34%+31%6%n/an/an/a
Yutong Heavy Industries 600817.SSChina$685M-25%-13%9%16.1×-4.9%+0.1%
Flexium Interconnect 6269.TWTaiwan$617M-5%+1%-34%52.0×n/an/a
Episil Technologies 3707.TWOTaiwan$616M-33%+23%-3%50.9×n/an/a
ACES Electronics 3605.TWTaiwan$689M+43%+9%6%17.7×n/an/a
Unitech Printed Circuit Board 2367.TWTaiwan$701M-46%-13%-5%45.8×n/an/a
Zhejiang Yonggui Electric Equipment 300351.SZChina$703M-47%+15%-1%30.9×n/an/a
Isvision (Hangzhou) Technology 688816.SSChina$713M-23%+14%11%n/a27.0%+26.3%
Anhui Tongfeng Electronics 600237.SSChina$714M-15%-6%10%32.8×19.8%+10.7%
Samwha Capacitor 001820.KSSouth Korea$590M+16%+1%5%29.2×39.1%+4.0%
Vishay Precision VPGUnited States$589M-34%+12%2%31.9×52.2%+2.6%
Lumibird LBIRD.PAFrance$589M-4%+8%11%26.9×18.6%+12.2%
Unionman Technology 688609.SSChina$586M-26%+18%-1%8.8×45.5%+3.4%

Questions

Which companies are Keystone Microtech's closest peers?
The cockpit's peer set: Union Optech (300691.SZ), Newonder Special Electric (301120.SZ), Costar (002189.SZ), Yamaichi Electronics (6941.T), Dalian Dalicap Technology (301566.SZ), Q Technology (Group) (1478.HK), Hosiden (6804.T), Tianjin Printronics Circuit (002134.SZ).
Is Keystone Microtech expensive compared with its peers?
On forward p/e it trades at 26.7× against a peer median of 29.2×, 7th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +14 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 Keystone Microtech stock performed?
Over six months to 6 Nov 2026 the shares returned -69.5% against -24.6% for the median peer; over one year +97.2%.

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.