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Winbond Electronics Corporation (2344.TW)

TWD164.50 -2.50 (-1.50%)
TW TAI Technology Semiconductors
Address No. 8, Keya 1st Road 428303
Taichung, TW
CEO Pei-Ming Chen
IPO 2000-01-04
ISIN TW0002344009

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Description

Winbond Electronics Corporation is a global enterprise specializing in the entire lifecycle of very large scale integration (VLSI) integrated circuits (ICs). This encompasses the design, development, manufacturing, and worldwide distribution of these components for a broad spectrum of microelectronic applications across Asia, the Americas, and Europe. The company organizes its operations into three primary product divisions: DRAM IC, Flash Memory, and Logic IC products. Its extensive portfolio features a diverse range of Dynamic Random-Access Memory (DRAM) devices. For mobile uses, these include pseudo static RAM (SRAM), HyperRAM, various low-power synchronous DRAM (SDR SDRAM), and double-data-rate (DDR) SDRAM standards (such as DDR1, DDR2, DDR3, and DDR4/4X), along with Known Good Die (KGD) formats. Furthermore, Winbond offers specialty DRAM units like standard SDRAM, DDR, DDR2, and DDR3 SDRAM, also available as KGD. In the realm of flash memory, the company provides solutions specifically for code storage, which consist of serial NOR flash, QspiNAND Flash, Single-Level Cell (SLC) NAND Flash, NAND-Based Multi-Chip Packages (MCP), SpiStack Flash NAND, and TrustME secure flash memory. Additionally, Winbond supplies a selection of logic integrated circuits. These sophisticated semiconductor components are integral to numerous high-technology sectors. Their widespread applications span computing, telecommunications, and general consumer electronics, extending to critical automotive and industrial control systems. They are also crucial for contemporary personal devices like smartphones, tablets, low-power mobile handhelds, and wearable technology, as well as the burgeoning Internet of Things (IoT). Further uses include powering personal computers and their associated peripherals, modules for mobile handheld devices, network communication equipment, and household appliance control units. Winbond markets its products through an established network of distributors and directly via online channels. Beyond its core manufacturing and sales, the company is deeply involved in comprehensive research, development, and design activities, providing dedicated post-sales support for its semiconductor and 6-inch wafer products. The corporation also operates in e-commerce, offers specialized testing services, serves as an Original Equipment Manufacturer (OEM), provides computer software services, and delivers expert consulting. Moreover, it includes a wholesale division for computer hardware, accessories, and software, in addition to handling project-specific sales. Established in 1987, Winbond Electronics Corporation maintains its principal corporate office in Taichung, Taiwan.

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
TWD164.50 -2.50 (-1.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
221M
Beta
1.92
Float Shares
3.13B
Free Float %
69.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.82% +8.56% +27.65% +4.78% +87.69% +45.88% +573.18% +420.29% +323.70% +1,410.03% +138.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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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
164.50
Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 1 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.22
Safe zone
Piotroski F-Score
9 / 9
Strong
MOAT Score
0 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Semiconductors: +12.5%
    +9.6% Q1'26: +91.3% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    +528.6% Q1'26: +1,037.5% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    +3.9% Q1'26: +24.6% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    +6.7% Q1'26: +32.8% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    +3.0% Q1'26: +29.0% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    +4.6% Q1'26: -1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    2.90× Q1'26: 1.22× (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 (1.60) × ERP
WACC = 91% × Ke + 9% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 164.50
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 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
4 EPS Ana.
Dec 2027
4 Rev. Ana.
5 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Revenue
38.35B
est: 38.00B (+0.9%)
42.09B
est: 42.02B (+0.2%)
47.59B
est: 47.00B (+1.3%)
51.19B
est: 52.21B (-1.9%)
48.77B
est: 48.72B (+0.1%)
60.68B
est: 60.79B (-0.2%)
99.57B
est: 100.19B (-0.6%)
94.53B
est: 95.30B (-0.8%)
75.01B
est: 80.28B (-6.6%)
81.61B
est: 81.72B (-0.1%)
89.41B
est: 88.61B (+0.9%)
223.65B
193.58B – 275.95B
+152.4% YoY
322.04B
230.56B – 509.43B
+44.0% YoY
256.01B
199.18B – 368.03B
-20.5% YoY
EBITDA
10.37B
est: 8.67B (+19.6%)
9.59B
est: 9.59B (+0.1%)
13.06B
est: 10.72B (+21.8%)
15.93B
est: 11.91B (+33.7%)
10.68B
est: 11.12B (-3.9%)
11.44B
est: 13.87B (-17.5%)
30.66B
est: 22.86B (+34.1%)
28.22B
est: 21.74B (+29.8%)
12.15B
est: 18.65B (-34.8%)
15.01B
est: 18.98B (-20.9%)
18.68B
est: 20.58B (-9.2%)
51.94B
44.96B – 64.09B
+152.4% YoY
74.79B
53.55B – 118.32B
+44.0% YoY
59.46B
46.26B – 85.48B
-20.5% YoY
EBIT
4.11B
est: 3.44B (+19.3%)
3.71B
est: 3.81B (-2.5%)
6.66B
est: 4.26B (+56.2%)
7.93B
est: 4.73B (+67.5%)
1.97B
est: 4.42B (-55.4%)
2.11B
est: 5.51B (-61.7%)
18.43B
est: 9.08B (+102.9%)
18.14B
est: 8.64B (+110.0%)
294.26M
est: 7.83B (-96.2%)
2.32B
est: 7.97B (-70.9%)
6.00B
est: 8.64B (-30.6%)
21.82B
18.89B – 26.92B
+152.4% YoY
31.42B
22.49B – 49.70B
+44.0% YoY
24.98B
19.43B – 35.90B
-20.5% YoY
Net Income
3.29B
est: 3.71B (-11.3%)
2.90B
est: 3.21B (-9.7%)
5.55B
est: 6.65B (-16.5%)
7.45B
est: 8.72B (-14.6%)
1.26B
est: 2.04B (-38.4%)
1.30B
est: 1.37B (-5.0%)
13.59B
est: 14.38B (-5.4%)
12.93B
est: 15.78B (-18.1%)
-1.15B
est: 769.68M (-249.0%)
601.00M
est: 1.61B (-62.6%)
3.96B
est: 4.74B (-16.5%)
64.91B
57.47B – 114.48B
+1,268.7% YoY
129.22B
98.61B – 159.83B
+99.1% YoY
83.70B
59.54B – 131.30B
-35.2% YoY
SGA
2.45B
est: 3.50B (-30.0%)
2.55B
est: 3.87B (-34.1%)
2.94B
est: 4.33B (-32.0%)
3.53B
est: 4.81B (-26.6%)
3.53B
est: 4.49B (-21.3%)
4.77B
est: 5.60B (-14.8%)
8.62B
est: 9.23B (-6.6%)
10.85B
est: 8.78B (+23.6%)
7.04B
est: 7.45B (-5.5%)
7.08B
est: 7.59B (-6.7%)
7.35B
est: 8.23B (-10.6%)
20.76B
17.97B – 25.62B
+152.4% YoY
29.90B
21.40B – 47.29B
+44.0% YoY
23.77B
18.49B – 34.16B
-20.5% YoY
EPS
0.89
est: 0.86 (+3.1%)
0.81
est: 0.75 (+8.6%)
1.54
est: 1.55 (-0.4%)
1.87
est: 2.03 (-7.8%)
0.31
est: 0.47 (-34.6%)
0.32
est: 0.32 (+0.3%)
3.39
est: 3.34 (+1.5%)
3.22
est: 3.38 (-4.6%)
-0.29
est: 0.19 (-254.8%)
0.14
est: 0.31 (-55.2%)
0.88
est: 0.92 (-4.8%)
17.80
12.76 – 25.43
+1,826.8% YoY
27.36
21.90 – 35.50
+53.7% YoY
18.59
13.23 – 29.16
-32.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-12 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-11 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-05-08 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C+ 2/5 1/5 3/5 3/5 2/5 1/5 3/5
2026-05-04 C+ 2/5 1/5 3/5 3/5 2/5 1/5 3/5
2026-04-30 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-29 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-28 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-27 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-24 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-23 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-22 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-21 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-20 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-17 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-16 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-15 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
12.26B
OE per share TTM
3.00
Owner's Yield
2.51%
Maintenance CapEx ratio
181.61%
Maint CapEx / Avg PPE
107.0%

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.

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
755.2K
Shares Outstanding
4.50B

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
Yung Chin Chief Administrative Officer & Director 6M female
Eungjoon Park Chief Strategy Officer male
Hsiang-Yun Fan Financial Officer, Spokesperson, Executive Vice President, CSO & President of Headquarters male
Keh-Shew Lu Advisior
Chin-Feng Yang Head of Accounting Division & Company Secretary female
Pei-Ming Chen Manager, President & CTO male
Shui-Pao Wu Chief Information Security Officer
Pei-Lin Pai Chief Technology Officer of Advanced Technology Development Group
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