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Taiwanese fabless designer of NAND flash controllers used in SSDs, memory cards and USB drives.
Taiwanese fabless designer of NAND flash controllers used in SSDs, memory cards and USB drives.
Designs controller chips and firmware and sells them to module makers and brands, often bundled with NAND flash, and also sells finished SSDs and memory cards, so revenue follows NAND pricing and volumes as well as chip content. Its CEO, K.S. Pua, is a co-founder.
In one line: The world's leading independent NAND controller specialist.
Moat: narrow (IP / patents, process know-how, installed base). Long-standing controller IP and firmware expertise; still competes with IDM in-house controllers.
Headquarters: Zhunan, Taiwan · Founded: 1993
Size Phison Electronics (8299.TWO) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $10.0B, the 56th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$1,500 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -26.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 156.6% over the last twelve months (peer median +22.2%); the operating margin is 30.8% (peer median 8.8%).
Valuation It trades at 3.7× forward earnings against a peer median of 20.4× (cheapest of 18).
Capital Return on invested capital runs 26.7 points above its cost of capital (11.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$149B | NT$72.5B | NT$58.9B | NT$48.2B | NT$60.3B |
| Revenue growth | — | +23% | +22% | -20% | — |
| Gross profit | NT$83.6B | NT$23.7B | NT$18.1B | NT$15.1B | NT$16.5B |
| EBITDA | NT$47.3B | NT$9.63B | NT$4.77B | NT$4.83B | NT$7.89B |
| Net income | NT$48.2B | NT$8.74B | NT$7.95B | NT$3.62B | NT$5.40B |
| Free cash flow | -NT$11.0B | NT$526M | NT$1.42B | -NT$1.79B | NT$2.23B |
| Capital expenditure | NT$2.60B | NT$1.93B | NT$1.67B | NT$769M | NT$1.98B |
| Total debt | NT$29.3B | NT$3.58B | NT$6.72B | NT$5.84B | NT$3.74B |
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 |
|---|---|---|---|---|---|---|
| Phison Electronics 8299.TWO | $10.0B | -29% | +157% | 31% | 3.7× | n/a |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | $5.52B | -36% | +104% | 21% | 8.4× | n/a |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
| SK hynix 000660.KS | $608B | -12% | +220% | 74% | 3.1× | -3.1% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
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 | 8299.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.6% | -20.7% | 7th lowest of 21 |
| 6-month return | -29.1% | -26.0% | 9th lowest of 19 |
| Distance from 52-week high | -47.9% | -51.6% | 10th highest of 21 |
| Revenue growth (TTM) | +156.6% | +22.2% | highest of 21 |
| Operating margin | 30.8% | 8.8% | highest of 21 |
| Forward P/E | 3.7× | 20.4× | cheapest of 18 |
| ROIC minus cost of capital | +26.7 pp | +1.2 pp | highest of 21 |
| EV / EBITDA | 6.9× | 16.6× | 2nd cheapest of 13 |
| Net debt / EBITDA | -0.1× | -0.1× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Phison Electronics 8299.TWO | Taiwan | $10.0B | -29% | +157% | 31% | 3.7× | n/a | n/a |
| MPI 6223.TWO | Taiwan | $10.2B | -31% | +38% | 30% | 37.2× | n/a | n/a |
| Littelfuse LFUS | United States | $9.04B | -22% | +19% | 18% | 16.3× | 15.3% | +10.5% |
| Advanced Energy Industries AEIS | United States | $7.98B | -45% | +32% | 17% | 11.7× | 17.8% | +4.9% |
| Shenzhen Jlc Technology Group Co Lt 001232.SZ | China | $12.9B | n/a | +28% | 15% | n/a | 52.7% | +28.4% |
| Sanmina SANM | United States | $7.22B | -46% | +59% | 5% | 10.7× | 6.8% | +3.2% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| HKC 001399.SZ | China | $18.2B | n/a | +2% | 10% | n/a | 30.7% | +17.5% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |