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Taiwanese maker of connectors and cable assemblies for networking and telecom equipment.
Taiwanese maker of connectors and cable assemblies for networking and telecom equipment.
Moat: none (scale). Component supplier in a competitive connector/cable-assembly market.
Headquarters: Taiwan · Employees: 895
Size Bellwether Electronic (7861.TWO) is a Taiwan Information Technology company (Electronic Components) with a market value of $1.20B, the 241st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$613.00 on 6 Nov 2026.
Performance Over six months the shares fell 31.1%, against -19.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 113.3% over the last twelve months (peer median +20.8%); the operating margin is 30.4% (peer median 7.5%).
Valuation It trades at 7.9× enterprise value to sales against a peer median of 3.0× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +54%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 30.3 points above its cost of capital (8.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | NT$4.91B | NT$2.30B | NT$1.74B | NT$1.35B |
| Revenue growth | — | +113% | +32% | +29% | — |
| Gross profit | n/a | NT$2.48B | NT$965M | NT$699M | NT$420M |
| EBITDA | n/a | NT$1.65B | NT$578M | NT$420M | NT$208M |
| Net income | n/a | NT$1.08B | NT$322M | NT$239M | NT$114M |
| Free cash flow | n/a | NT$627M | NT$91.8M | NT$218M | -NT$43.2M |
| Capital expenditure | n/a | NT$562M | NT$335M | NT$231M | NT$142M |
| Total debt | NT$1.44B | NT$1.26B | NT$1.56B | NT$1.48B | NT$1.30B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Bellwether Electronic 7861.TWO | $1.20B | -31% | +113% | 30% | 7.9× | 17.8% |
| SINBON Electronics 3023.TW | $1.88B | -11% | +9% | 10% | 1.8× | -0.1% |
| Jess-Link Products 6197.TW | $814M | -10% | +21% | 22% | 3.0× | 6.1% |
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 | 7861.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.1% | -17.3% | 2nd lowest of 21 |
| 6-month return | -31.1% | -19.9% | 4th lowest of 21 |
| Distance from 52-week high | -59.3% | -47.0% | 6th lowest of 21 |
| Revenue growth (TTM) | +113.3% | +20.8% | highest of 21 |
| Operating margin | 30.4% | 7.5% | highest of 21 |
| EV / Sales | 7.9× | 3.0× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 17.8% | 17.4% | 6th least demanding of 11 |
| Growth delivered (Del g) | +53.7% | +10.4% | highest of 11 |
| Hurdle (Req g minus delivered) | -35.9 pp | +6.1 pp | least demanding of 11 |
| ROIC minus cost of capital | +30.3 pp | -1.8 pp | highest of 21 |
| EV / EBITDA | 23.6× | 15.2× | 2nd most expensive of 6 |
| Net debt / EBITDA | -0.4× | -0.4× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bellwether Electronic 7861.TWO | Taiwan | $1.20B | -31% | +113% | 30% | 7.9× | 17.8% | +53.7% |
| Bomin Electronics 603936.SS | China | $1.18B | -21% | +19% | 1% | 2.9× | n/a | n/a |
| Sihui Fuji Electronics Technology 300852.SZ | China | $1.18B | +8% | +48% | 13% | 2.8× | n/a | n/a |
| Guangdong Cellwise Microelectronics 688325.SS | China | $1.18B | -24% | +18% | 7% | 13.2× | n/a | n/a |
| Sunshine Global Circuits 300739.SZ | China | $1.22B | -19% | +36% | 7% | 3.3× | n/a | n/a |
| Dongguan YuTong Optical Technology 300790.SZ | China | $1.23B | -24% | +21% | 8% | 2.7× | n/a | n/a |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | 2.1× | 18.0% | +8.1% |
| Wenzhou Yihua Connector 002897.SZ | China | $1.24B | -26% | -7% | 6% | 1.7× | 15.2% | +14.4% |
| Shenzhen Edadoc Technology 301366.SZ | China | $1.13B | +18% | +51% | 12% | 4.6× | n/a | n/a |
| Browave 3163.TWO | Taiwan | $1.13B | -62% | +21% | 4% | 14.6× | n/a | n/a |
| Shenzhen United Winners Laser 688518.SS | China | $1.12B | -23% | +23% | 5% | 1.7× | 31.2% | +30.1% |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | China | $1.28B | -30% | -2% | 8% | 4.4× | 24.4% | +1.1% |
| Huizhou CEE Technology 002579.SZ | China | $1.29B | 0% | -2% | -2% | 3.5× | n/a | n/a |
| Goode EIS (Suzhou) 301680.SZ | China | $1.09B | -16% | +68% | 18% | 3.8× | n/a | n/a |
| Nichidenbo 3090.TW | Taiwan | $1.09B | +15% | +28% | -5% | 1.9× | 57.2% | +11.2% |
| Korea Circuit 007810.KS | South Korea | $1.09B | -36% | +21% | 6% | 1.2× | n/a | n/a |
| Changzhou Aohong Electronics 605058.SS | China | $1.08B | +46% | +21% | 15% | 4.2× | 8.1% | +8.9% |
| Hunan Aihua 603989.SS | China | $1.33B | +12% | +17% | 8% | 2.0× | 16.9% | +9.6% |
| Tong Hsing Electronic Industries ,Ltd 6271.TW | Taiwan | $1.06B | -5% | +5% | 17% | 2.5× | 7.6% | +2.6% |
| NCAB NCAB.ST | Sweden | $1.37B | 0% | +25% | 11% | 3.1× | 19.2% | +12.1% |
| Cembre CMB.MI | Italy | $1.37B | -24% | +11% | 26% | 4.8× | 12.8% | +12.2% |