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Inventor and maker of electronic-paper displays used in e-readers, e-notes and retail shelf labels.
Inventor and maker of electronic-paper displays used in e-readers, e-notes and retail shelf labels.
Sells e-paper film and finished display modules to device makers, who build them into e-readers, e-notes and shelf labels, so revenue follows a few large device programmes such as the Kindle. It belongs to Taiwan's Yuen Foong Yu paper group, whose display arm bought the US inventor E Ink in 2009.
In one line: The company behind Kindle's e-paper screens.
Moat: wide (IP / patents, installed base). Owns essentially all core e-paper patents; only supplier of electrophoretic display film.
Headquarters: Hsinchu, Taiwan · Founded: 1992 · Employees: 2,901
Size E Ink (8069.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $4.98B, the 91st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$142.50 on 6 Nov 2026.
Performance Over six months the shares gained 2.1%, against -9.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 3.4% over the last twelve months (peer median +9.9%); the operating margin is 29.4% (peer median 10.5%).
Valuation It trades at 12.4× forward earnings against a peer median of 13.5× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.7 points above its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$36.3B | NT$36.1B | NT$32.2B | NT$27.1B | NT$30.1B |
| Revenue growth | — | +12% | +19% | -10% | — |
| Gross profit | NT$19.4B | NT$19.0B | NT$15.3B | NT$13.7B | NT$15.5B |
| EBITDA | NT$12.7B | NT$12.4B | NT$9.10B | NT$8.67B | NT$10.2B |
| Net income | NT$11.9B | NT$10.5B | NT$8.87B | NT$7.81B | NT$9.91B |
| Free cash flow | NT$7.13B | NT$7.30B | NT$6.14B | NT$9.50B | NT$3.79B |
| Capital expenditure | NT$3.60B | NT$4.29B | NT$2.93B | NT$2.46B | NT$3.14B |
| Total debt | NT$23.0B | NT$23.2B | NT$21.2B | NT$16.4B | NT$12.2B |
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 |
|---|---|---|---|---|---|---|
| E Ink 8069.TWO | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% |
| BOE Technology 000725.SZ | $25.3B | +9% | -4% | 2% | 21.4× | -3.9% |
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 | 8069.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.7% | -14.2% | 7th highest of 21 |
| 6-month return | +2.1% | -9.1% | 7th highest of 21 |
| Distance from 52-week high | -43.2% | -36.3% | 7th lowest of 21 |
| Revenue growth (TTM) | -3.4% | +9.9% | 2nd lowest of 21 |
| Operating margin | 29.4% | 10.5% | 6th highest of 21 |
| Forward P/E | 12.4× | 13.5× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -0.3% | 17.4% | 2nd least demanding of 7 |
| Growth delivered (Del g) | +18.6% | +7.2% | highest of 7 |
| Hurdle (Req g minus delivered) | -19.0 pp | +9.6 pp | least demanding of 7 |
| ROIC minus cost of capital | +5.7 pp | +8.4 pp | 9th lowest of 21 |
| EV / EBITDA | 12.9× | 6.5× | 3rd most expensive of 11 |
| Net debt / EBITDA | -0.1× | -0.2× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% | +7.2% |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 29.2× | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% | +7.2% |
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | n/a | n/a | n/a |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 16.5× | n/a | n/a |
| Venustech 002439.SZ | China | $2.58B | -9% | 0% | -16% | 169.0× | 19.0% | -8.6% |
| Newland Digital Technology 000997.SZ | China | $2.56B | -14% | +29% | 11% | 16.0× | n/a | n/a |
| Societe Industrielle & Financiere de l'Artois ARTO.PA | France | $2.55B | -26% | -6% | -8% | n/a | n/a | n/a |