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Gold Circuit Electronics Ltd. (2368.TW)

TWD1,025.00 +10.00 (+0.99%)
TW TAI Technology Hardware, Equipment & Parts
Address No. 113, Shiyuan Road 320
Taoyuan City, TW
CEO Chen-Tse Yang
Website gce.com.tw
IPO 2000-01-04
ISIN TW0002368008

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Description

Gold Circuit Electronics Ltd., a Taiwan-based company, specializes in the fabrication, processing, and distribution of printed circuit boards (PCBs). These crucial components are integral to a wide array of computing devices, including servers, workstations, and both notebook and desktop personal computers. Beyond computing, their PCBs find widespread application across sectors such as telecommunications, networking, mobile phones, high-current power supplies, and data storage. Established in 1981, Gold Circuit Electronics Ltd. maintains its headquarters in Taoyuan City, 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
TWD1,025.00 +10.00 (+0.99%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.78
Float Shares
320.80M
Free Float %
64.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+9.26% +1.03% +39.81% +80.32% +160.14% +114.70% +558.48% +1,425.34% +2,927.50% +20,188.86% +7,056.72%
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
1,025.00
DCF (Unlevered) 130.94 -87.2%
DCF (Levered) 278.36 -72.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 8 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.98
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +54.1% Q1'26: +60.1% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    +72.3% Q1'26: +94.6% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    -1.5% Q1'26: -12.9% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +23.4% Q1'26: +26.8% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +28.8% Q1'26: +43.0% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    -2.6% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    1.18× Q1'26: 0.87× (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 (0.87) × ERP
WACC = 97% × Ke + 3% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 130.94 Current price: 1,025.00
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
7 Rev. Ana.
6 EPS Ana.
Dec 2028
4 Rev. Ana.
1 EPS Ana.
Revenue
19.14B
est: 19.42B (-1.4%)
19.20B
est: 19.14B (+0.3%)
19.17B
est: 19.23B (-0.3%)
20.60B
est: 20.50B (+0.5%)
18.99B
est: 18.95B (+0.2%)
23.40B
est: 23.40B (0.0%)
26.61B
est: 26.53B (+0.3%)
32.79B
est: 32.83B (-0.1%)
30.04B
est: 35.42B (-15.2%)
38.95B
est: 38.91B (+0.1%)
60.00B
est: 60.35B (-0.6%)
94.37B
89.99B – 102.69B
+56.4% YoY
131.65B
113.92B – 172.29B
+39.5% YoY
177.24B
177.24B – 177.24B
+34.6% YoY
EBITDA
1.81B
est: 3.97B (-54.3%)
1.73B
est: 3.91B (-55.7%)
1.03B
est: 3.93B (-73.7%)
1.62B
est: 4.19B (-61.4%)
1.42B
est: 3.87B (-63.4%)
3.60B
est: 4.78B (-24.8%)
4.89B
est: 5.42B (-9.8%)
7.35B
est: 6.71B (+9.6%)
6.30B
est: 7.96B (-20.8%)
9.75B
est: 8.75B (+11.4%)
15.35B
est: 13.57B (+13.1%)
21.21B
20.23B – 23.08B
+56.4% YoY
29.59B
25.61B – 38.73B
+39.5% YoY
39.84B
39.84B – 39.84B
+34.6% YoY
EBIT
421.69M
est: 3.40B (-87.6%)
448.70M
est: 3.35B (-86.6%)
-22.58M
est: 3.36B (-100.7%)
607.88M
est: 3.59B (-83.0%)
533.10M
est: 3.32B (-83.9%)
2.87B
est: 4.09B (-30.0%)
4.12B
est: 4.64B (-11.3%)
6.48B
est: 5.74B (+12.8%)
5.34B
est: 6.99B (-23.6%)
8.66B
est: 7.67B (+12.8%)
14.04B
est: 11.90B (+18.0%)
18.61B
17.75B – 20.25B
+56.4% YoY
25.96B
22.46B – 33.98B
+39.5% YoY
34.95B
34.95B – 34.95B
+34.6% YoY
Net Income
101.64M
est: 242.10M (-58.0%)
143.79M
est: 118.23M (+21.6%)
-269.10M
est: -197.06M (-36.6%)
228.87M
est: 408.20M (-43.9%)
129.73M
est: 45.04M (+188.0%)
2.07B
est: 2.18B (-5.3%)
2.93B
est: 3.04B (-3.9%)
4.57B
est: 4.70B (-2.8%)
3.53B
est: 5.02B (-29.7%)
5.62B
est: 6.32B (-11.2%)
9.61B
est: 9.26B (+3.7%)
17.79B
15.92B – 19.37B
+92.1% YoY
24.94B
19.33B – 39.26B
+40.1% YoY
45.04B
36.54B – 53.54B
+80.6% YoY
SGA
1.50B
est: 1.21B (+23.5%)
1.48B
est: 1.19B (+23.6%)
1.40B
est: 1.20B (+17.1%)
1.46B
est: 1.28B (+14.4%)
1.29B
est: 1.18B (+8.8%)
1.57B
est: 1.46B (+7.9%)
1.67B
est: 1.65B (+1.1%)
1.95B
est: 2.05B (-4.9%)
1.87B
est: 2.26B (-17.2%)
2.34B
est: 2.48B (-5.5%)
4.43B
est: 3.84B (+15.3%)
6.01B
5.73B – 6.54B
+56.4% YoY
8.38B
7.25B – 10.97B
+39.5% YoY
11.28B
11.28B – 11.28B
+34.6% YoY
EPS
0.20
est: 0.48 (-58.1%)
0.29
est: 0.23 (+24.3%)
-0.55
est: -0.39 (-41.4%)
0.47
est: 0.81 (-41.7%)
0.27
est: 0.09 (+203.7%)
4.25
est: 4.31 (-1.3%)
6.01
est: 6.01 (+0.0%)
8.86
est: 9.22 (-3.9%)
7.25
est: 10.31 (-29.7%)
11.55
est: 11.72 (-1.4%)
19.47
est: 18.79 (+3.6%)
35.34
32.26 – 39.25
+88.1% YoY
55.86
39.17 – 79.57
+58.1% YoY
84.78
74.05 – 108.51
+51.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-30 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-29 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-28 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.99B
OE per share TTM
5.86
Owner's Yield
0.42%
Maintenance CapEx ratio
0.41%
Maint CapEx / Avg PPE
26.4%

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 164 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews Emerging Markets Discovery Active ETF MEMS MEMS 1.34% 300.5K 0.99%
2 iShares Technology Opportunities Active ETF TEK 1.05% 435.6K 0.77%
3 Fidelity Emerging Markets Limited FEMI.L 1.02% 2.17M 0.50%
4 Fidelity Emerging Markets Quality Income UCITS ETF INC-USD FEME.L 1.02% 2.17M 0.50%
5 iShares MSCI Taiwan ETF EWT 0.69% 73.91M 0.59%
6 Avantis Emerging Markets Value ETF AVES 0.58% 8.58M 0.36%
7 Xtrackers MSCI Taiwan UCITS ETF 1C XMTD.L 0.58% 2.74M 0.65%
8 HSBC ETFs Public Limited Company - HSBC MSCI Taiwan UCITS ETF HTWN.L 0.55% 589.6K 0.50%
9 Franklin FTSE Taiwan ETF FLTW 0.55% 16.40M 0.19%
10 iShares MSCI Taiwan UCITS ETF IDTW.L 0.53% 8.24M 0.74%

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
1.59M
Shares Outstanding
499.98M

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
Chang-Chin Yang Vice President of Finance Dept., Accounting Supervisor, Corporate Governance Officer and Head of Fin. & Actng. male
Chang-Ching Yang Special Assistant & Director male
Chen-Tse Yang Chairman, Manager, President & Chief Executive Officer male
Chin-Sung Tsai Factory Affairs President male
Chun-Hung Kuo Chief Auditor male
Chung-Chih Lung Senior Vice President male
Hsi-Kuei Huang Sales President male
Jin-Song Cai Vice President male
Ming-Yuan Wu Chief Internal Auditor & Vice Director of Quality Assurance Division
Te-Ming Yang Senior Vice President male
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