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Good Will Instrument Co., Ltd. (2423.TW)
New Taipei City, TW
Good Will Instrument Co., Ltd., established in 1975 and headquartered in New Taipei City, Taiwan, specializes in the development and distribution of electrical test and measurement devices. These precision instruments cater to a broad clientele, serving both educational institutions and industrial manufacturing environments across approximately 80 countries worldwide. Its comprehensive product portfolio encompasses a wide array of sophisticated equipment, including various oscilloscopes – from handheld and digital storage models to specialized training kits. The company also supplies advanced RF solutions, such as spectrum analyzers, RF training systems, and EMI problem-solving packages, alongside a diverse selection of signal generators, including arbitrary function, RF signal, DDS function, and analog function types, among other signal sources. Furthermore, Good Will Instrument offers robust DC and AC power supplies, along with DC and AC/DC electronic loads. Its measurement tools extend to bench-top and portable digital multimeters, digital clamp meters, and LCR meters. A range of specialized safety and diagnostic testers are also available, covering safety, leakage current, and AC ground bond testing, complemented by multiplex scanner boxes. The extensive lineup of other measurement devices includes DC milli-Ohm meters, AC power meters, digital IC testers, precision current shunts, automatic distortion meters, AC millivolt meters, frequency counters, battery meters, and logic probes and pulsers. Additionally, the company provides an assortment of essential accessories for its oscilloscopes, function generators, spectrum analyzers, power and load units, and general test & measurement equipment, in addition to power electronic modules and training systems.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.73% | +16.77% | +46.30% | +52.69% | +49.80% | +36.73% | +77.99% | +119.24% | +226.96% | +344.97% | +874.09% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2025-09 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Hardware, Equipment & Parts: +10.0%+5.5% Q1'26: +27.5% (vs Q1'25)
-
EPS growth Hardware, Equipment & Parts: +20.2%+21.7% ★ Q1'26: +95.5% (vs Q1'25)
-
FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%+9.1% Q1'26: +29.3% (vs Q1'25)
-
EBIT margin Hardware, Equipment & Parts: +8.7%+18.2% ★ Q1'26: +26.0% (vs Q1'25)
-
ROIC Hardware, Equipment & Parts: +5.7%+17.5% ★ Q1'26: +32.7% (vs Q1'25)
-
Share dilution Hardware, Equipment & Parts: +0.0%-0.5% ★ Q1'26: -0.6% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×0.12× ★ Q1'26: 0.03× (vs Q1'25)
* 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.
| Metric |
Dec 2015 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
2.16B
est: 2.28B (-5.4%)
|
3.02B
est: 3.18B (-4.8%)
|
2.79B
est: 3.18B (-12.2%)
|
2.94B
est: 3.18B (-7.4%)
|
3.18B
3.18B – 3.18B
+0.0% YoY
|
3.67B
3.67B – 3.67B
+15.5% YoY
|
| EBITDA |
340.84M
est: 434.46M (-21.5%)
|
637.88M
est: 605.11M (+5.4%)
|
539.16M
est: 712.04M (-24.3%)
|
618.01M
est: 712.04M (-13.2%)
|
712.04M
712.04M – 712.04M
+0.0% YoY
|
822.31M
822.31M – 822.31M
+15.5% YoY
|
| EBIT |
199.88M
est: 369.10M (-45.8%)
|
560.53M
est: 514.08M (+9.0%)
|
449.12M
est: 615.60M (-27.0%)
|
535.99M
est: 615.60M (-12.9%)
|
615.60M
615.60M – 615.60M
+0.0% YoY
|
710.94M
710.94M – 710.94M
+15.5% YoY
|
| Net Income |
232.35M
est: 129.80M (+79.0%)
|
428.27M
est: 372.35M (+15.0%)
|
351.13M
est: 370.35M (-5.2%)
|
424.09M
est: 370.35M (+14.5%)
|
370.35M
370.35M – 370.35M
+0.0% YoY
|
402.31M
402.31M – 402.31M
+8.6% YoY
|
| SGA |
678.79M
est: 620.91M (+9.3%)
|
766.81M
est: 864.81M (-11.3%)
|
758.72M
est: 826.60M (-8.2%)
|
689.72M
est: 826.60M (-16.6%)
|
826.60M
826.60M – 826.60M
+0.0% YoY
|
954.61M
954.61M – 954.61M
+15.5% YoY
|
| EPS |
1.60
est: 0.89 (+80.0%)
|
2.95
est: 2.55 (+15.7%)
|
2.42
est: 2.55 (-5.1%)
|
2.92
est: 2.55 (+14.5%)
|
2.55
2.55 – 2.55
+0.0% YoY
|
2.77
2.77 – 2.77
+8.6% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-11 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-08 | A+ | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-07 | A+ | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-06 | A+ | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-05 | A+ | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-05-04 | A+ | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 3/5 | 3/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-29 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-28 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-27 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-24 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-23 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-22 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-21 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-20 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-17 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-16 | A | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.02% | 125.7K | 0.65% |
| 2 | Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L | 0.01% | 16.9K | 0.35% |
| 3 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 278.1K | 0.39% |
| 4 | Dimensional - Emerging Markets Value ETF DFEV | 0.00% | 42.6K | 0.46% |
| 5 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.00% | 2.5K | 0.42% |
| 6 | Dimensional - Emerging Core Equity Market ETF DFAE | 0.00% | 62.5K | 0.29% |
| 7 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 72.4K | 0.28% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Chao Ming Zhang | GM & Vice Chairman | — | — |
| Jian Ming Huang | Deputy General Manager of Overseas Sales Division and Director | — | — |
| Yue Ru Liao | Associate and Director | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 2423.TW
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
