Taiwanese maker of electronic components; specific product lines and customers unconfirmed.
Taiwanese maker of electronic components; specific product lines and customers unconfirmed.
Moat: none
Headquarters: Taiwan
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$2.45B | NT$2.14B | NT$1.74B | NT$1.41B | NT$1.53B |
| Revenue growth | — | +23% | +23% | -8% | — |
| Gross profit | NT$1.15B | NT$939M | NT$887M | NT$674M | NT$696M |
| EBITDA | NT$760M | NT$623M | NT$564M | NT$491M | NT$516M |
| Net income | NT$617M | NT$419M | NT$480M | NT$354M | NT$406M |
| Free cash flow | NT$640M | NT$561M | -NT$30.0M | NT$468M | NT$364M |
| Capital expenditure | NT$87.4M | NT$47.7M | NT$529M | NT$32.8M | NT$57.3M |
| Total debt | NT$11.6M | NT$15.3M | NT$10.5M | NT$8.91M | NT$7.16M |
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.
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 | 6683.TWO | Peer median | Rank 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 margin | 27.3% | 4.1% | 2nd highest of 21 |
| Forward P/E | 26.7× | 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 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +30.9 pp | -4.4 pp | highest of 21 |
| EV / EBITDA | 26.3× | 18.5× | 2nd most expensive of 9 |
| Net debt / EBITDA | -2.1× | -0.1× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Newonder Special Electric 301120.SZ | China | $654M | -39% | +22% | 1% | 91.7× | 56.0% | +4.2% |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Yamaichi Electronics 6941.T | Japan | $670M | -45% | +29% | 24% | 9.5× | 4.7% | +13.7% |
| Dalian Dalicap Technology 301566.SZ | China | $670M | -20% | +41% | 45% | n/a | 18.4% | +10.8% |
| Q Technology (Group) 1478.HK | Hong Kong | $674M | -50% | +31% | 3% | 6.9× | n/a | n/a |
| Hosiden 6804.T | Japan | $675M | -24% | +41% | 5% | 8.0× | -18.5% | +13.9% |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Yutong Heavy Industries 600817.SS | China | $685M | -25% | -13% | 9% | 16.1× | -4.9% | +0.1% |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 52.0× | n/a | n/a |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 50.9× | n/a | n/a |
| ACES Electronics 3605.TW | Taiwan | $689M | +43% | +9% | 6% | 17.7× | n/a | n/a |
| Unitech Printed Circuit Board 2367.TW | Taiwan | $701M | -46% | -13% | -5% | 45.8× | n/a | n/a |
| Zhejiang Yonggui Electric Equipment 300351.SZ | China | $703M | -47% | +15% | -1% | 30.9× | n/a | n/a |
| Isvision (Hangzhou) Technology 688816.SS | China | $713M | -23% | +14% | 11% | n/a | 27.0% | +26.3% |
| Anhui Tongfeng Electronics 600237.SS | China | $714M | -15% | -6% | 10% | 32.8× | 19.8% | +10.7% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |