Loading…
Employees: 88
Size e-Ray Technology (7932.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $302M, the 653rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$200.00 on 6 Nov 2026.
Growth Revenue grew 68.1% over the last twelve months (peer median +15.0%); the operating margin is 6.2% (peer median 5.2%).
Valuation It trades at 12.0× enterprise value to sales against a peer median of 2.1× (most expensive of 19).
Capital Return on invested capital runs 0.6 points below its cost of capital (6.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | NT$751M | NT$527M | NT$314M | NT$149M |
| Revenue growth | — | +68% | +110% | — |
| Gross profit | NT$176M | NT$100M | NT$55.5M | NT$64.0M |
| EBITDA | NT$75.2M | NT$21.1M | NT$10.4M | NT$25.0M |
| Net income | NT$69.2M | NT$4.01M | NT$19.2M | NT$59.4M |
| Free cash flow | -NT$262M | -NT$124M | -NT$30.7M | -NT$60.3M |
| Capital expenditure | NT$67.6M | NT$49.2M | NT$8.81M | NT$7.04M |
| Total debt | n/a | NT$25.6M | NT$63.2M | NT$50.7M |
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 | 7932.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -57.9% | -25.9% | lowest of 21 |
| Distance from 52-week high | -67.0% | -50.0% | 2nd lowest of 21 |
| Revenue growth (TTM) | +68.1% | +15.0% | 4th highest of 20 |
| Operating margin | 6.2% | 5.2% | 10th highest of 20 |
| EV / Sales | 12.0× | 2.1× | most expensive of 19 |
| ROIC minus cost of capital | -0.6 pp | +1.7 pp | 10th lowest of 20 |
| Net debt / EBITDA | -13.3× | -0.3× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| e-Ray Technology 7932.TWO | Taiwan | $302M | n/a | +68% | 6% | 12.0× | n/a | n/a |
| Alltek Technology 3209.TW | Taiwan | $303M | -21% | +22% | 3% | 0.2× | n/a | n/a |
| FocalTech Systems 3545.TW | Taiwan | $301M | -15% | -21% | -4% | 0.4× | -17.5% | -2.8% |
| SEALSQ LAES | United States | $305M | -55% | +145% | -215% | n/a | n/a | n/a |
| Holtek Semiconductor 6202.TW | Taiwan | $297M | -26% | +15% | 10% | 2.1× | 7.4% | -11.3% |
| Kona I 052400.KS | South Korea | $290M | -45% | +16% | 29% | 1.2× | -20.6% | +17.5% |
| P-DUKE Technology 8109.TWO | Taiwan | $288M | -3% | +25% | 36% | 4.2× | -6.5% | +7.5% |
| BE Epitaxy Semiconductor Technology 7415.TWO | Taiwan | $284M | n/a | n/a | n/a | n/a | n/a | n/a |
| Websol Energy System WEBELSOLAR.NS | India | $330M | -37% | +97% | 31% | 2.1× | 9.2% | +46.9% |
| Eris Technology 3675.TWO | Taiwan | $332M | -8% | +15% | 16% | 3.6× | 20.8% | +11.4% |
| Weltrend Semiconductor 2436.TW | Taiwan | $333M | -26% | +19% | 8% | 2.1× | 13.7% | +6.4% |
| LX Semicon 108320.KS | South Korea | $274M | -63% | -13% | 3% | 0.2× | -11.0% | +7.1% |
| Wuxi Hodgen Technology 300279.SZ | China | $335M | -37% | -14% | 5% | 1.3× | 14.6% | +1.7% |
| OKins Electronics 080580.KS | South Korea | $273M | -18% | +35% | 17% | 3.6× | n/a | n/a |
| APAC Opto Electronics 4908.TWO | Taiwan | $341M | -42% | +4% | 21% | 10.9× | 32.8% | +1.9% |
| Jiangsu Smartwin Electronics Technology 301106.SZ | China | $345M | -37% | +7% | 2% | 2.0× | n/a | n/a |
| Goldkey Technology 3135.TW | Taiwan | $345M | -18% | +217% | 18% | 0.9× | n/a | n/a |
| Actron Technology 8255.TWO | Taiwan | $347M | -24% | -4% | 5% | 1.5× | 14.6% | +21.4% |
| Laser Tek Taiwan 6207.TWO | Taiwan | $263M | +37% | -7% | 5% | 7.2× | 51.8% | -1.8% |
| Moschip Technologies MOSCHIP.NS | India | $348M | -26% | -1% | -1% | 6.2× | 48.6% | +40.9% |
| Taiwan Mask 2338.TW | Taiwan | $348M | -31% | -15% | -6% | 2.9× | 10.5% | +5.3% |