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Taiwan maker of electrolytic copper foil used in printed circuit boards, copper-clad laminates and lithium batteries.
Taiwan maker of electrolytic copper foil used in printed circuit boards, copper-clad laminates and lithium batteries.
Sells copper foil at a price built from the copper market price plus a processing charge, so copper moves revenue, while the premium on the foil it converts is what carries profit. Thin foils for high-end circuit boards and batteries need tighter process control and so earn higher premiums.
Moat: narrow (process know-how, scale). Electrodeposition process know-how and plant scale support cost position in a competitive commodity.
Headquarters: Taipei, Taiwan · Founded: 1998
Size Co-tech Development (8358.TWO) is a Taiwan Materials company (Other Metals/Minerals) with a market value of $2.24B, the 156th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$303.00 on 6 Nov 2026.
Performance Over six months the shares fell 30.0%, against -15.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 31.2% over the last twelve months (peer median +33.4%); the operating margin is 22.8% (peer median 4.9%).
Valuation It trades at 19.9× forward earnings against a peer median of 20.8× (9th cheapest of 18).
Capital Return on invested capital runs 4.4 points above its cost of capital (14.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$9.49B | NT$7.88B | NT$6.82B | NT$6.17B | NT$7.41B |
| Revenue growth | — | +16% | +11% | -17% | — |
| Gross profit | NT$2.46B | NT$1.70B | NT$1.34B | NT$873M | NT$1.34B |
| EBITDA | NT$2.25B | NT$1.54B | NT$1.24B | NT$814M | NT$1.33B |
| Net income | NT$1.70B | NT$1.06B | NT$922M | NT$533M | NT$967M |
| Free cash flow | -NT$87.6M | -NT$137M | NT$508M | -NT$14.6M | -NT$60.8M |
| Capital expenditure | NT$609M | NT$504M | NT$406M | NT$698M | NT$1.10B |
| Total debt | NT$1.27B | NT$1.00B | NT$1.43B | NT$1.06B | NT$574M |
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 |
|---|---|---|---|---|---|---|
| Co-tech Development 8358.TWO | $2.24B | -30% | +31% | 23% | 19.9× | n/a |
| Solar Applied Materials Technology 1785.TWO | $1.30B | -55% | +54% | 10% | n/a | -0.2% |
| Nan Ya Plastic 1303.TW | $57.4B | +155% | +6% | 6% | 11.5× | n/a |
| Lotte Energy Materials 020150.KS | $1.21B | -53% | -12% | -13% | n/a | 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 | 8358.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -46.8% | -18.8% | lowest of 21 |
| 6-month return | -30.0% | -15.6% | 9th lowest of 20 |
| Distance from 52-week high | -60.0% | -50.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +31.2% | +33.4% | 10th lowest of 21 |
| Operating margin | 22.8% | 4.9% | 5th highest of 21 |
| Forward P/E | 19.9× | 20.8× | 9th cheapest of 18 |
| ROIC minus cost of capital | +4.4 pp | -4.4 pp | 4th highest of 20 |
| EV / EBITDA | 32.9× | 30.8× | 3rd most expensive of 8 |
| Net debt / EBITDA | 0.0× | -1.8× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |