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Taiwanese provider of silicon wafer reclaim services, refurbishing dummy/test wafers for reuse in semiconductor fabs.
Taiwanese provider of silicon wafer reclaim services, refurbishing dummy/test wafers for reuse in semiconductor fabs.
Strips and repolishes used test wafers for fabs and is paid per wafer, a cheaper alternative to buying new ones. Its volumes therefore follow chipmakers' production activity.
In one line: A niche wafer-recycling service provider to the chip industry.
Moat: narrow (process know-how). Specialized wafer-reclaim processing qualified into fab supply chains, cutting fabs' wafer costs.
Headquarters: Hsinchu, Taiwan · Employees: 888
Size Phoenix Silicon International (8028.TW) is a Taiwan Industrials company (Industrial Machinery) with a market value of $991M, the 272nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$178.50 on 6 Nov 2026.
Performance Over six months the shares fell 25.9%, against -14.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 24.3% over the last twelve months (peer median +7.5%); the operating margin is 23.6% (peer median 7.7%).
Valuation It trades at 18.3× forward earnings against a peer median of 18.4× (7th cheapest of 14).
Capital Return on invested capital runs 1.2 points above its cost of capital (7.4% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$5.11B | NT$4.51B | NT$3.55B | NT$3.33B | NT$3.14B |
| Revenue growth | — | +27% | +7% | +6% | — |
| Gross profit | NT$1.82B | NT$1.53B | NT$1.02B | NT$755M | NT$831M |
| EBITDA | NT$2.26B | NT$1.92B | NT$1.39B | NT$1.04B | NT$911M |
| Net income | NT$1.02B | NT$757M | NT$492M | NT$312M | NT$325M |
| Free cash flow | -NT$1.93B | -NT$1.78B | NT$126M | -NT$222M | -NT$1.83B |
| Capital expenditure | NT$3.07B | NT$3.15B | NT$1.35B | NT$900M | NT$2.61B |
| Total debt | NT$6.05B | NT$5.83B | NT$4.53B | NT$4.67B | NT$4.83B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Phoenix Silicon International 8028.TW | $991M | -26% | +24% | 24% | 18.3× | n/a |
| Wafer Works 6182.TWO | $1.30B | +42% | +9% | 4% | 36.0× | n/a |
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 | 8028.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.6% | -10.4% | 2nd lowest of 21 |
| 6-month return | -25.9% | -14.3% | 6th lowest of 21 |
| Distance from 52-week high | -51.1% | -40.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +24.3% | +7.5% | 3rd highest of 21 |
| Operating margin | 23.6% | 7.7% | 3rd highest of 21 |
| Forward P/E | 18.3× | 18.4× | 7th cheapest of 14 |
| ROIC minus cost of capital | +1.2 pp | -0.2 pp | 10th highest of 21 |
| EV / EBITDA | 16.8× | 9.2× | 3rd most expensive of 10 |
| Net debt / EBITDA | 2.2× | -0.7× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Phoenix Silicon International 8028.TW | Taiwan | $991M | -26% | +24% | 24% | 18.3× | n/a | n/a |
| Noritake Co.,Limited 5331.T | Japan | $991M | -19% | +9% | 9% | 8.2× | n/a | n/a |
| Changzhou Kaidi Electrical 605288.SS | China | $985M | +12% | +1% | 3% | 50.5× | n/a | n/a |
| Ye Siang Enterprise 7909.TWO | Taiwan | $984M | -53% | -14% | 16% | n/a | 34.9% | -13.5% |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | n/a | n/a | n/a |
| Sichuan Zigong Conveying Machine 001288.SZ | China | $999M | +1% | -20% | 3% | 19.0× | n/a | n/a |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | n/a | 15.3% | +13.1% |
| Zhejiang Liju Thermal Energy Equipment 603391.SS | China | $973M | +18% | +9% | 18% | n/a | 12.0% | +5.0% |
| METAWATER 9551.T | Japan | $972M | +4% | +13% | 6% | 13.5× | 0.9% | +9.5% |
| Lindab International LIAB.ST | Sweden | $1.01B | -10% | -3% | 7% | 17.7× | 4.2% | +9.4% |
| Jiangsu Shentong Valve 002438.SZ | China | $1.01B | -23% | -5% | 17% | 17.5× | 5.9% | +6.1% |
| Yindu Kitchen Equipment 603277.SS | China | $969M | -17% | -4% | 19% | 13.0× | -4.3% | +11.1% |
| Truking Technology 300358.SZ | China | $968M | -8% | +6% | 6% | 18.4× | -1.7% | +10.1% |
| Chang Wah Electromaterials 8070.TW | Taiwan | $965M | -10% | +19% | 12% | 19.3× | -6.6% | +3.3% |
| Shanghai Shibei Hi-Tech 600604.SS | China | $960M | -13% | -26% | 4% | n/a | 15.1% | -1.7% |
| Miracle Automation Engineering 002009.SZ | China | $1.03B | -27% | +6% | 1% | 28.8× | 34.6% | -5.1% |
| Allied Machinery 605060.SS | China | $1.03B | -51% | +24% | 22% | 21.1× | 15.5% | +13.2% |
| Morimatsu International 2155.HK | Hong Kong | $1.03B | -16% | +14% | 3% | 14.2× | -2.4% | +17.6% |
| Zhejiang Taitan 003036.SZ | China | $953M | -10% | +14% | 2% | n/a | n/a | n/a |
| Tsugami 6101.T | Japan | $1.03B | -23% | +24% | 27% | n/a | -5.3% | +15.9% |
| SUSS MicroTec SMHN.DE | Germany | $948M | -53% | -15% | 9% | 35.8× | 24.2% | +14.8% |