Obermatt

WIN Semiconductors

TWO:3105 · TW0003105003
Semiconductors & Semiconductor EquipmentMedium

360

41
EV / EBIT7
Price / Owner Earnings30
Owner Earnings Yield59
Dividend Yield37
Price/Sales18
EV / Gross Profit19
Price/Book34
Return on Capital28
Cash Return on Capital51
Return on Equity36
EBIT Margin44
Gross Profitability13
Cash Conversion59
Accruals78
Owner Earnings Margin75
Sales growth68
Profit Growth21
Long-Term EPS Growth88
Owner Earnings Growth74
Reinvestment69
Price momentum95
Debt load44
Refinancing31
Debt Payback14
Liquidity20
Analyst ratings5
Opinion Changes75
Price Target Upside10
Market mood21
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

WIN Semiconductors generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryTaiwan
IndustrySemiconductors & Semiconductor Equipment
SizeMedium
TypePublic Company
ExchangeTPEX
Founded1999
Employees274
ISINTW0003105003
Last UpdateApr 2, 2026
Index & Theme
SensorsLivestockAgriTechRFID (Radio Frequency Identification)Detectors, Sensors and MemsManufacturingSemiconductor

Description

Analysis

Hope premium

WIN Semiconductors Corp. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 64.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 22% a year, against analyst forecasts of 52%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
8
2023202420252026

All-time high

13

Jan 2023

All-time low

4

Jan 2025

Average rank

9

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
18
39
33
17
Price/Earnings
12
20
28
25
Price/Book
34
71
58
33
Dividend Yield
37
34
34
20
Value (overall)
19
29
29
17

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →