Elite Material Co., Ltd.

NT$3,820As of Sun 8 Nov 2026, 12:00 UTC

TWSE:2383Technology

Country Taiwan

PE (Fwd) •••

TSR 10Y CAGR 50.06%

Div yield 0.65%

ROE 56.77%

Electronic Components

Beta (5Y) 1.65

PE TTM 40.95

TSR TTM 182.16%

Mkt cap NT$1.369T

ROIC 43.93%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

NT$3,776

(1.15%)

(78.55%)

Hold 10|3|2|9|0

TTM

FYE 31 Dec TWD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

187.7

RevenueNT$B

185.9

187.3

192.9

198.3

203.3

203.4

211.2

216.0

222.1

232.1

205.9

2.69%

2.38%

19.79

Revenue growth%

5.56

6.65

9.23

9.34

7.46

4.71

7.30

9.51

7.34

5.25

5.72

7.30

7.32

26.88

Gross margin%

20.92

18.76

18.44

21.37

20.10

18.61

21.11

23.64

25.76

25.71

6.13

23.64

21.02

23.50

Operating margin%

13.25

12.57

11.57

11.64

11.74

13.86

13.06

14.31

14.52

15.35

6.13

14.31

13.15

3.74

Net margin%

28.97

26.16

23.89

26.22

28.70

30.33

33.14

33.72

32.58

32.77

2.90

32.77

29.65

25.66

P/E ratio (avg)x

21.01

20.44

18.96

20.52

19.22

18.93

17.74

18.34

20.19

18.99

10.30

18.93

19.11

11.32

EV/EBITx

28.69

25.12

25.22

21.90

21.88

22.63

22.47

19.56

20.96

21.63

12.14

21.63

22.18

6.62

FCF yield (avg)%

26.84

28.27

29.28

27.53

27.92

25.65

28.08

28.21

29.10

30.85

22.82

28.21

28.15

3.91

FCF margin%

19.64

18.16

19.28

18.85

18.40

20.54

20.52

22.82

22.13

21.89

20.66

21.89

20.08

1.303

FCF / Net incomex

1.310

1.236

1.453

1.622

1.779

1.912

1.913

2.020

2.129

2.067

1.430

2.020

1.846

10.69

ROIC%

6.72

8.46

11.02

9.89

8.01

10.68

10.43

8.79

7.46

6.18

4.55

8.79

8.63

27.62

Return on equity%

23.50

25.18

24.37

22.63

24.28

22.41

22.97

20.91

18.29

16.23

20.31

20.91

22.80

22.78

Return on assets%

25.33

26.70

25.32

23.56

25.38

24.66

24.26

24.34

24.35

27.04

3.56

24.35

24.99

276.46

EPSNT$

551.70

626.81

635.34

598.65

697.34

750.08

831.96

939.72

965.27

983.21

305.30

7.11%

5.87%

—

11.28

EPS growth%

27.05

27.80

28.20

30.31

29.63

28.02

26.23

23.73

22.84

22.22

6.18

23.73

27.42

730.66

Bookvalue per shNT$

645.80

668.57

706.21

780.30

906.80

1,025

1,057

1,268

1,477

1,580

326.06

11.75%

9.72%

—

493.23

FCF per shareNT$

544.52

591.40

587.85

583.03

605.62

589.74

687.61

772.30

862.97

1,020

192.54

10.98%

6.74%

—

181.90

Dividend per shNT$

806.47

802.75

850.38

856.43

956.95

936.65

1,010

1,120

1,093

586.69

2.70%

4.55%

—

26.17

Div yield (avg)%

24.90

23.72

23.09

24.46

25.39

24.54

21.69

21.45

19.59

20.90

4.91

21.45

23.41

29.61

Payout ratio%

7.34

5.41

2.83

0.67

0.92

0.40

0.73

0.40

2.70

11.51

0.40

0.82

351.3

Shares (diluted)M

397.0

388.7

409.8

383.1

434.2

420.7

418.0

411.6

438.0

418.6

363.3

(0.73%)

0.14%

11.56

Buyback yield%

20.78

20.42

23.05

20.77

23.72

22.27

19.67

20.07

20.63

21.42

12.17

20.63

20.78

0.154

D/E ratiox

2.023

2.076

2.030

1.843

1.874

1.884

1.822

1.591

1.663

1.584

1.691

1.663

1.858

247.0

Enterprise valueNT$B

29.70

31.59

30.64

33.46

36.95

40.61

42.77

44.71

49.32

55.27

176.8

8.39%

6.34%

21.90

LT debtNT$B

74.04

77.88

72.34

76.87

76.11

69.76

67.13

59.84

60.71

62.89

237.6

(3.74%)

(0.90%)

Peers (US$41.34B)

Cap (US$)

Nan Ya Plastics…

57.37B

38.61x

Unimicron Technology…

36.08B

36.33x

Asia Vital Components…

27.39B

31.23x

Samsung Electro…

47.29B

66.65x

Capital

TTM

10Y

Leveragex

0.240

0.227

0.206

EBIT/Intx

0.904

0.185

0.193

Own earn%

9.71

(238.82)

(191.71)

Sh yield%

37.72

41.52

44.69

Owners

Insiders/Inst%

8.97

21.04

Short interest%

4.22

SBC / revenue%

1.32

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–15

$1 testx

—

Incr. ROIC%

Elite Material Co., Ltd. engages in the manufacturing and sales of copper clad laminates, electronic-industrial specialty chemical and raw materials, and electronic components in Taiwan, China, and internationally. The company also offers printed circuit boards, prepreg, and adhesive sheets.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

NT$232.1B

2.38%

1.00×

Cost of revenue

NT$147.1B

2.20%

0.98×

Operating expenses

NT$33.23B

2.61%

1.02×