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3234.TWO — TWO Semiconductors

TrueLight Corp

$109,00
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Mcap
12,2B TWD
P/E
—
EV / Rev
—
Div yield
0,00 %
Op margin
-22,4 %
ROE
-20,9 %
Net margin
-22,8 %
Debt / equity
0,20
Beta
—
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

TrueLight Corp designs and manufactures semiconductor components for the technology equipment industry.

Business. TrueLight Corp (3234.TWO) is a technology company operating in the semiconductors industry. The firm engages in the sale of semiconductor products. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustrySemiconductors
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→
27
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-20,9 %
return on equity
Quality→
59
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 3234.

    • 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 3234.TWO. 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 score27 / 100
    Composite score 0-100 · Data quality 0,59
    Data quality0,59 / 1.00

    Synthesis

    Business

    TrueLight Corp (3234.TWO) is a technology company operating in the semiconductors industry. The firm engages in the sale of semiconductor products. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustrySemiconductors
    AI synthesis
    GENERATED

    TrueLight Corp has a market price of 110.5 TWD and a market capitalization of 12,317,987,500 TWD, with a price-to-book ratio of 16.53 and a price-to-tangible-book ratio of 16.53. The company's enterprise value to EBITDA is -80.95, indicating a negative EBITDA, and an enterprise value to revenue of 18.12. The company's liquidity position is characterized by a current ratio of 3.26, but it has negative free cash flow of -138,896,000 TWD and negative operating cash flow of -31,332,000 TWD.

    The company's profitability is weak, with a return on equity of -20.89% and a return on assets of -14.82%. These metrics are below the industry median for ROE and ROA, which are typically positive for semiconductor firms. The company's operating income is negative at -152,989,000 TWD, and its net income is also negative at -155,678,000 TWD. The gross profit margin is 13.51%, which is below the industry median of 25% for semiconductor firms.

    TrueLight Corp's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's revenue of 683,276,000 TWD is derived from semiconductor component sales, with no material revenue from other product lines or geographic regions. This concentration increases exposure to sector-specific risks and limits growth opportunities.

    The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year and no guidance for the next fiscal year. The company's capital expenditure of -52,637,000 TWD indicates a reduction in investment, which may signal a strategic shift or financial constraints. The company's operating cash flow and free cash flow are both negative, which may limit its ability to fund operations and growth initiatives.

    The company's risk profile is characterized by medium liquidity risk and low dilution risk. The company has a debt-to-equity ratio of 0.2, indicating a relatively conservative capital structure. However, the company's net cash position is negative after subtracting total debt, which may increase liquidity risk in the event of a cash flow shortfall. The company has no disclosed dilution sources, and its shares outstanding for basic and diluted EPS are the same.

    Recent events include the disclosure of a negative EPS of -1.40 TWD and a revenue of 683,276,000 TWD. The company has not disclosed any material events in its recent filings or transcripts that would indicate a significant change in its business operations or financial position.

    Key takeaways
    • TrueLight Corp has a high price-to-book ratio of 16.53, indicating a premium valuation relative to its book value.
    • The company's return on equity is -20.89%, which is significantly below the industry median for semiconductor firms.
    • TrueLight Corp's revenue is concentrated in a single business segment, with no disclosed geographic diversification.
    • The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year and no guidance for the next fiscal year.
    • The company's liquidity position is characterized by a current ratio of 3.26, but it has negative free cash flow and negative operating cash flow.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $109,00
    Market cap
    $12.32B
    Enterprise valueⓘ
    $12.38B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    16.5x
    P / Tangible bookⓘ
    16.5x
    Tangible book
    $745.3M
    Net cashⓘ
    -$65.8M
    Current ratioⓘ
    3.3
    Debt / equityⓘ
    0.2
    ROAⓘ
    -14.8%
    ROEⓘ
    -20.9%
    Cash conversionⓘ
    20.0%
    CapEx / revenueⓘ
    -7.7%
    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-22,4 %Bottom quartile
    Net Margin-22,8 %Bottom quartile
    ROE-20,9 %Bottom quartile
    Capex / Rev-7,7 %Below median
    D/E0,20Above median
    Cash Conv0,20Below median

    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
    • 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
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • TrueLight Corp Market data — financials · 2026-05-26
    • TrueLight Corp Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3234.TWOCanonical
    TWO · TWD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Relationship graph
    3234NVDAINTCAVGOSemiconductors
    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