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Taiwan Mask Corporation (2338.TW)

TWD48.10 -0.85 (-1.74%)
TW TAI Technology Semiconductors
Address No. 11 Innovation Road 1
Hsinchu City, TW
CEO Lidon Chen
IPO 2000-01-04
ISIN TW0002338001

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Description

Established in 1988 and headquartered in Hsinchu City, Taiwan, Taiwan Mask Corporation (TMC) is a key player in the semiconductor industry. The company primarily focuses on the research, development, manufacturing, and commercialization of critical components like photomasks and integrated circuits. Beyond production, TMC extends its expertise through a range of specialized services. These include technical assistance, advisory support, inspection, repair, and ongoing maintenance for masks and circuit technologies. The firm also offers comprehensive foundry services, as well as crucial packaging and testing solutions for semiconductors. Further diversifying its portfolio, Taiwan Mask Corporation also fabricates and markets medical equipment. Additionally, it acts as a distributor for electronic materials and high-precision equipment, engaging in both wholesale and retail channels for medical devices. With a significant global footprint, TMC operates extensively across Taiwan, various parts of Asia, the Americas, and other international markets.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD48.10 -0.85 (-1.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
1.22
Float Shares
242.27M
Free Float %
100.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.96% -4.72% +4.64% +31.08% +31.44% +37.20% +56.70% -36.93% -29.71% +467.25% +177.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
48.10
Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.41
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Semiconductors: +12.5%
    -20.2% Q1'26: -5.5% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    -118.1% Q1'26: +143.3% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    +5.9% Q1'26: -6.9% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    -19.8% Q1'26: +0.9% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    -9.8% Q1'26: +0.4% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    +14.1% Q1'26: +42.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    32.29× Q1'26: 198.46× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.15) × ERP
WACC = 54% × Ke + 46% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 48.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Dec 2031
1 Rev. Ana.
1 EPS Ana.
Dec 2032
1 Rev. Ana.
1 EPS Ana.
Revenue
1.43B
est: 1.25B (+14.2%)
2.89B
est: 1.31B (+120.0%)
3.47B
est: 3.44B (+0.8%)
4.67B
est: 4.38B (+6.5%)
6.08B
est: 6.13B (-0.8%)
7.74B
est: 7.81B (-0.8%)
7.56B
est: 1.25B (+504.9%)
6.04B
est: 1.25B (+383.0%)
1.25B
1.25B – 1.25B
+0.0% YoY
1.31B
1.31B – 1.31B
+5.0% YoY
3.44B
3.44B – 3.44B
+162.2% YoY
4.38B
4.38B – 4.38B
+27.3% YoY
6.13B
6.13B – 6.13B
+39.9% YoY
7.81B
7.81B – 7.81B
+27.4% YoY
6.62B
6.62B – 6.62B
-15.2% YoY
EBITDA
158.01M
est: 269.35M (-41.3%)
409.09M
est: 282.71M (+44.7%)
684.62M
est: 741.25M (-7.6%)
1.05B
est: 943.80M (+11.1%)
1.78B
est: 1.32B (+34.7%)
1.48B
est: 1.68B (-12.3%)
1.06B
est: 227.68M (+363.4%)
350.05M
est: 227.68M (+53.7%)
227.68M
227.68M – 227.68M
+0.0% YoY
238.98M
238.98M – 238.98M
+5.0% YoY
626.58M
626.58M – 626.58M
+162.2% YoY
797.80M
797.80M – 797.80M
+27.3% YoY
1.12B
1.12B – 1.12B
+39.9% YoY
1.42B
1.42B – 1.42B
+27.4% YoY
1.21B
1.21B – 1.21B
-15.2% YoY
EBIT
-61.62M
est: 131.54M (-146.8%)
209.22M
est: 138.07M (+51.5%)
435.90M
est: 362.01M (+20.4%)
768.57M
est: 460.93M (+66.7%)
1.32B
est: 644.91M (+104.7%)
912.56M
est: 821.43M (+11.1%)
-320.46M
est: 46.49M (-789.3%)
-1.20B
est: 46.49M (-2,676.4%)
46.49M
46.49M – 46.49M
+0.0% YoY
48.79M
48.79M – 48.79M
+5.0% YoY
127.93M
127.93M – 127.93M
+162.2% YoY
162.89M
162.89M – 162.89M
+27.3% YoY
227.91M
227.91M – 227.91M
+39.9% YoY
290.29M
290.29M – 290.29M
+27.4% YoY
246.07M
246.07M – 246.07M
-15.2% YoY
Net Income
-74.18M
est: 49.11M (-251.0%)
199.20M
est: 330.95M (-39.8%)
311.94M
est: 313.87M (-0.6%)
486.31M
est: 324.55M (+49.8%)
886.56M
est: 828.45M (+7.0%)
445.63M
est: 634.15M (-29.7%)
-472.52M
est: 56.02M (-943.6%)
-1.17B
est: 55.32M (-2,221.7%)
55.32M
55.32M – 55.32M
+0.0% YoY
372.80M
372.80M – 372.80M
+573.9% YoY
353.56M
353.56M – 353.56M
-5.2% YoY
365.58M
365.58M – 365.58M
+3.4% YoY
933.20M
933.20M – 933.20M
+155.3% YoY
714.33M
714.33M – 714.33M
-23.5% YoY
1.41B
1.41B – 1.41B
+97.0% YoY
SGA
192.38M
est: 126.01M (+52.7%)
258.26M
est: 132.26M (+95.3%)
377.18M
est: 346.77M (+8.8%)
456.22M
est: 441.53M (+3.3%)
806.46M
est: 617.77M (+30.5%)
585.70M
est: 786.86M (-25.6%)
729.72M
est: 132.46M (+450.9%)
746.03M
est: 132.46M (+463.2%)
132.46M
132.46M – 132.46M
+0.0% YoY
139.03M
139.03M – 139.03M
+5.0% YoY
364.52M
364.52M – 364.52M
+162.2% YoY
464.13M
464.13M – 464.13M
+27.3% YoY
649.39M
649.39M – 649.39M
+39.9% YoY
827.13M
827.13M – 827.13M
+27.4% YoY
701.10M
701.10M – 701.10M
-15.2% YoY
EPS
-0.33
est: 0.23 (-243.5%)
1.02
est: 1.55 (-34.2%)
1.59
est: 1.47 (+8.2%)
2.37
est: 1.52 (+55.9%)
4.23
est: 3.88 (+9.0%)
2.14
est: 2.97 (-27.9%)
-2.21
est: 0.23 (-1,060.9%)
-4.82
est: 0.23 (-2,222.0%)
0.23
0.23 – 0.23
+0.0% YoY
1.53
1.53 – 1.53
+573.9% YoY
1.45
1.45 – 1.45
-5.2% YoY
1.50
1.50 – 1.50
+3.4% YoY
3.83
3.83 – 3.83
+155.3% YoY
2.93
2.93 – 2.93
-23.5% YoY
5.78
5.78 – 5.78
+97.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-717.66M
OE per share TTM
-2.58
Owner's Yield
-4.76%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
113.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 29 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-2.05M
Shares Outstanding
240.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Che-Pin Tseng Vice General Manager of Operations male
Jian-Ming Zhong Deputy General Manager
Lidon Chen Chief Executive Officer, GM & Director male
Nester Huang Chief Operating Officer male
Po-Wen Hsiao Vice President male
Shu Hua Lin Financial & Accounting Officer
Yi-Ting Yang Company Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits