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← CockpitCompetitor Analysis › 6957.TW Horizon Fixture Group Co., Ltd.Open in the cockpit ↗

Horizon Fixture Group Co., Ltd.6957.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Office Equipment/Supplies
Momentum leader 99
Mkt cap
$712M
US dollars, full cap
$/day
$8.19M
20-day average traded
Fwd P/E
20.3×
forward earnings
ROIC−WACC
+16.4 pp
WACC 5.0%
Hurdle
-1 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · TWDNT$418.50
1D-6.0%
1W-4.6%
1M+2.1%
3M+98.8%
6M+161.6%
YTD+112.4%
1Y+131.2%
ATR %7.5%
52w lowhigh19.5% off high

What Horizon Fixture does

No business profile yet.

Horizon Fixture at a glance

Size Horizon Fixture (6957.TW) is a Taiwan Industrials company (Office Equipment/Supplies) with a market value of $712M, the 339th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$418.50 on 6 Nov 2026.

Performance Over six months the shares gained 161.6%, against -12.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 20 in its peer set.

Growth Revenue grew 15.1% over the last twelve months (peer median +5.6%); the operating margin is 17.9% (peer median 6.8%).

Valuation It trades at 20.3× forward earnings against a peer median of 13.0× (6th most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 16.4 points above its cost of capital (5.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10020030011 May 202611 Aug 20266 Nov 20266957.TW 258Peer median 88
Six months, rebased to 100: Horizon Fixture against the median of its 19 peers (local-currency closes).

Horizon Fixture financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$4.35BNT$3.82BNT$4.01BNT$3.86BNT$4.33B
Revenue growth—-5%+4%-11%—
Gross profitNT$1.62BNT$1.54BNT$1.74BNT$1.80BNT$1.49B
EBITDANT$963MNT$821MNT$1.01BNT$1.23BNT$745M
Net incomeNT$638MNT$561MNT$747MNT$880MNT$523M
Free cash flowNT$305MNT$462M-NT$1.26BNT$1.13BNT$798M
Capital expenditureNT$150MNT$160MNT$1.53BNT$53.2MNT$38.5M
Total debtNT$1.62BNT$1.65BNT$1.14BNT$580MNT$512M

Quarterly statements and history in the cockpit →

Horizon Fixture 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

0%+50%+100%+150%-20%0%+20%0023016030817972600609603600300729603661WSTCSTPAPRFILAACCO000815MLKN7846NAVNETEDUL490279840020486957.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Horizon Fixture is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%20×40×60×0023016030817972603600300729WSTCSTPAPRFILA002103ACCODOMSNAVNETEDUL79840020486957.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Horizon Fixture is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-25%0%25%50%002301603081600609603600300729603661WSTCSTPAPR002103ACCO000815MLKN7846NAVNETEDUL49026957.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. Horizon Fixture is the large dot.

Horizon Fixture competitors and peer comparison

How Horizon Fixture 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.

Horizon Fixture against its 19 peers (data as of 6 Nov 2026)
Measure6957.TWPeer medianRank in peer set
1-month return+2.1%-1.0%7th highest of 20
6-month return+161.6%-12.8%highest of 20
Distance from 52-week high-19.5%-25.4%7th highest of 20
Revenue growth (TTM)+15.1%+5.6%3rd highest of 20
Operating margin17.9%6.8%highest of 20
Forward P/E20.3×13.0×6th most expensive of 18
Growth the price implies (Req g, 7 yrs)8.6%-2.4%4th most demanding of 19
Growth delivered (Del g)+9.6%+6.5%5th highest of 19
Hurdle (Req g minus delivered)-1.0 pp-3.7 pp6th most demanding of 19
ROIC minus cost of capital+16.4 pp+2.7 pp2nd highest of 20
EV / EBITDA24.9×8.8×2nd most expensive of 12
Net debt / EBITDA0.4×0.6×6th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Horizon Fixture 6957.TWTaiwan$712M+162%+15%18%20.3×8.6%+9.6%
Shenzhen Comix 002301.SZChina$717M-1%+13%1%32.5×-0.5%+8.4%
Zhejiang Dafeng Industry 603081.SSChina$679M-14%+18%0%27.5×-4.3%-1.0%
ITOKI 7972.TJapan$784M-26%+10%9%10.3×1.7%+5.7%
Jinbei Automotive 600609.SSChina$618M-21%+4%7%n/a-5.4%-3.6%
UE Furniture 603600.SSChina$579M-1%+13%6%12.5×-7.9%+7.3%
Loctek Ergonomic Technology 300729.SZChina$552M-13%+6%6%22.4×-9.4%+28.2%
Henglin Home Furnishings 603661.SSChina$543M-13%+13%4%12.7×-11.5%+19.8%
West Coast Paper Mills WSTCSTPAPR.NSIndia$516M+42%+8%6%13.0×28.8%+13.8%
F.I.L.A. - Fabbrica Italiana Lapis ed Affini FILA.MIItaly$509M+1%+1%11%9.8×-4.3%-1.2%
Guangbo Group Stock 002103.SZChina$507M-19%+4%5%20.8×7.0%+1.1%
ACCO Brands ACCOUnited States$467M+25%+2%7%5.5×-0.9%-1.6%
DOMS Industries DOMS.NSIndia$1.32B-13%+18%11%56.1×n/an/a
MCC Meili Cloud Computing Industry Investment 000815.SZChina$1.41B-29%-25%10%n/a51.4%-21.7%
MillerKnoll MLKNUnited States$1.48B+32%+1%6%11.2×7.3%+9.3%
PILOT 7846.TJapan$1.62B+33%+7%14%14.6×-3.8%+7.7%
Navneet Education NAVNETEDUL.NSIndia$303M-13%-4%10%16.8×19.3%+16.0%
Konica Minolta 4902.TJapan$1.79B+14%0%5%9.7×-5.6%+4.7%
Kokuyo 7984.TJapan$2.23B+9%+9%7%16.9×-6.2%+3.7%
Ningbo Huaxiang Electronic 002048.SZChina$2.60B-27%-19%7%11.3×0.1%+9.1%

Questions

Which companies are Horizon Fixture's closest peers?
The cockpit's peer set: Shenzhen Comix (002301.SZ), Zhejiang Dafeng Industry (603081.SS), ITOKI (7972.T), Jinbei Automotive (600609.SS), UE Furniture (603600.SS), Loctek Ergonomic Technology (300729.SZ), Henglin Home Furnishings (603661.SS), West Coast Paper Mills (WSTCSTPAPR.NS).
Is Horizon Fixture expensive compared with its peers?
On forward p/e it trades at 20.3× against a peer median of 13.0×, 6th most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Horizon Fixture stock performed?
Over six months to 6 Nov 2026 the shares returned +161.6% against -12.8% for the median peer; over one year +131.2%.

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.