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2369.TW — TAI Semiconductor Equipment & Testing

2369.Tw

$29,70
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Mcap
11,1B TWD
P/E
—
EV / Rev
—
Div yield
0,00 %
Op margin
-8,2 %
ROE
-8,2 %
Net margin
-7,1 %
Debt / equity
0,31
Beta
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52w range
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Volume
—
Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

The company designs and manufactures semiconductor testing equipment and provides related services, primarily serving the global semiconductor industry.

Business. The company designs and manufactures semiconductor testing equipment and provides related services, primarily serving the global semiconductor industry.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustrySemiconductor Equipment & Testing
ActivitySemiconductors
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
48
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-8,2 %
return on equity
Quality→
57
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2369.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 2369.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score48 / 100
    Composite score 0-100 · Data quality 0,57
    Data quality0,57 / 1.00

    Synthesis

    Business

    The company designs and manufactures semiconductor testing equipment and provides related services, primarily serving the global semiconductor industry.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustrySemiconductor Equipment & Testing
    ActivitySemiconductors
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a debt-to-equity ratio of 0.31, indicating a relatively conservative leverage position compared to the industry median of 0.45. Its liquidity position is mixed, with cash and equivalents of TWD 10.13 billion, but negative free cash flow of TWD -394 million and a net cash position that is negative after subtracting total debt. The company's price-to-book ratio of 2.94 is above the industry median of 2.1, suggesting a premium valuation relative to its book value.

    Profitability metrics are weak, with a return on equity of -8.21% and a return on assets of -5.19%, both significantly below the industry median of 12.5% and 8.3%, respectively. The company reported a net loss of TWD 394 million, with operating income also in negative territory at TWD -454 million, reflecting a challenging operating environment.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial report. This lack of diversification increases exposure to regional economic and regulatory risks. No specific geographic revenue breakdown is available in the provided data.

    The company's growth trajectory is uncertain, with no disclosed revenue growth in the latest period and no forward-looking guidance provided in the input data. The absence of a clear growth strategy or segment-specific outlooks raises concerns about its ability to sustain or improve performance in the near term.

    Risk factors include a medium liquidity risk due to negative free cash flow and a net cash position that is negative after subtracting total debt. The dilution risk is assessed as low, with no dilution potential identified in the basic shares outstanding. However, the company's negative operating cash flow and capital expenditures of TWD -508 million suggest ongoing investment in operations, which could impact future liquidity.

    No recent events, such as filings or transcripts, are provided in the input data to inform the company's current strategic or operational developments. The absence of recent disclosures limits the ability to assess the company's response to industry trends or challenges.

    Key takeaways
    • The company is operating at a loss with negative returns on equity and assets, significantly below industry medians.
    • Its capital structure is relatively conservative, but liquidity is constrained by negative free cash flow and a net cash position that is negative after subtracting total debt.
    • The company lacks geographic and segment diversification, increasing its exposure to regional and operational risks.
    • No clear growth trajectory is evident from the latest financial data, and forward-looking guidance is absent.
    • The company's valuation is at a premium to book value, but this is not supported by strong profitability or growth metrics.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $29,70
    Market cap
    $14.12B
    Enterprise valueⓘ
    $14.59B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    157.5x
    P / Bⓘ
    2.9x
    P / Tangible bookⓘ
    2.9x
    Tangible book
    $4.80B
    Net cashⓘ
    -$471.6M
    Current ratioⓘ
    2.4
    Debt / equityⓘ
    0.3
    ROAⓘ
    -5.2%
    ROEⓘ
    -8.2%
    Cash conversionⓘ
    -23.0%
    CapEx / revenueⓘ
    -9.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin-8,2 %Bottom quartile
    Net Margin-7,1 %Bottom quartile
    ROE-8,2 %Bottom quartile
    Capex / Rev-9,1 %Below median
    D/E0,31Below median
    Cash Conv-0,23Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • 2369.TW Market data — financials · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2369.TWCanonical
    TAI · TWD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Relationship graph
    2369NVDAINTCAVGOSemiconductor
    This companyPeerSector

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage