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Thinking Electronic Industrial Co., Ltd. (2428.TW)
Kaohsiung, HSZ, TW
Thinking Electronic Industrial Co., Ltd. manufactures, processes, sells, and trades in electronic components, thermistors, varistors, and wires in Taiwan, Mainland China, Europe, and internationally. It operates through The Company, Thinking Changzhou, Thinking Yichang, Jiang Xi Thinking, Dong Guan Welkin and Zhongshan Welkin, and Others segments. The company offers negative temperature coefficient thermistors, zinc oxide varistors (MOV), ceramic positive temperature (PTC) thermistors, polymer positive temperature coefficient thermistors (polymer PTC resettable fuses), temperature and pressure sensors, gas discharge tubes, ESD suppressors and protection diodes, TVS diodes, spark gap protectors, thyristor and IGBT modules, and high voltage rectifiers. Its products are used in automotive applications comprising EV batteries, on-board chargers, automotive PTC heaters, EV traction motors, EV charging inlets, EV liquid cooling systems, and EV charging stations; AI liquid cooling applications, including coolant distribution units; telecom equipment applications consisting of surge protection for 5G and cloud computing; industrial applications, such as industrial temperature sensing and surge protection for industrial equipment; smart home appliances and lighting applications, which include refrigerators, ovens and induction cooktops, kitchen appliances, dishwashers, laundry appliances, boilers and heating systems, thermostats, lighting, and smart toilets; renewable energy applications, such as SPD applications of photovoltaic systems; and power supply, consumer electronics, and medical applications. The company also engages in trading and reinvestment activities, as well as the manufacture and sale of machinery and equipment. The company was formerly known as Thinking Company Ltd and changed its name to Thinking Electronic Industrial Co., Ltd. in June 1989. Thinking Electronic Industrial Co., Ltd. was incorporated in 1979 and is based in Kaohsiung, Taiwan.
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.47% | +15.93% | +14.05% | +17.22% | +15.62% | +20.92% | +52.90% | +43.54% | +37.01% | +342.35% | +1,866.45% |
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 | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Hardware, Equipment & Parts: +10.0%+6.9% Q1'26: +8.3% (vs Q1'25)
-
EPS growth Hardware, Equipment & Parts: +20.2%-2.7% Q1'26: -25.7% (vs Q1'25)
-
FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%+16.6% ★ Q1'26: +4.4% (vs Q1'25)
-
EBIT margin Hardware, Equipment & Parts: +8.7%+25.1% ★ Q1'26: +19.9% (vs Q1'25)
-
ROIC Hardware, Equipment & Parts: +5.7%+19.2% ★ Q1'26: +17.3% (vs Q1'25)
-
Share dilution Hardware, Equipment & Parts: +0.0%-1.4% ★ Q1'26: +0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×0.76× ★ Q1'26: 0.89× (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 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 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
5.12B
est: 5.11B (+0.1%)
|
5.41B
est: 5.39B (+0.4%)
|
5.83B
est: 5.84B (-0.2%)
|
6.02B
est: 6.12B (-1.7%)
|
5.81B
est: 5.71B (+1.8%)
|
5.92B
est: 5.90B (+0.3%)
|
7.50B
est: 7.43B (+0.9%)
|
7.46B
est: 7.58B (-1.6%)
|
7.08B
est: 6.92B (+2.3%)
|
7.52B
est: 7.47B (+0.7%)
|
8.03B
est: 7.92B (+1.4%)
|
8.43B
8.43B – 8.43B
+6.4% YoY
|
| EBITDA |
1.01B
est: 1.66B (-39.0%)
|
1.16B
est: 1.75B (-33.6%)
|
1.43B
est: 1.90B (-24.7%)
|
1.73B
est: 1.99B (-12.9%)
|
1.80B
est: 1.86B (-3.3%)
|
2.16B
est: 1.92B (+12.7%)
|
2.49B
est: 2.42B (+3.1%)
|
2.20B
est: 2.47B (-10.8%)
|
2.12B
est: 2.17B (-2.0%)
|
2.51B
est: 2.34B (+7.2%)
|
2.45B
est: 2.48B (-1.1%)
|
2.64B
2.64B – 2.64B
+6.4% YoY
|
| EBIT |
855.54M
est: 1.41B (-39.2%)
|
994.30M
est: 1.48B (-32.9%)
|
1.24B
est: 1.61B (-22.9%)
|
1.51B
est: 1.69B (-10.2%)
|
1.52B
est: 1.57B (-3.5%)
|
1.88B
est: 1.63B (+15.5%)
|
2.17B
est: 2.05B (+6.1%)
|
1.81B
est: 2.09B (-13.1%)
|
1.74B
est: 1.81B (-4.0%)
|
2.09B
est: 1.95B (+6.9%)
|
2.01B
est: 2.07B (-2.9%)
|
2.21B
2.21B – 2.21B
+6.4% YoY
|
| Net Income |
688.14M
est: 729.62M (-5.7%)
|
900.55M
est: 864.73M (+4.1%)
|
1.08B
est: 1.05B (+3.4%)
|
982.77M
est: 1.00B (-2.0%)
|
1.12B
est: 1.07B (+4.4%)
|
1.39B
est: 1.36B (+1.8%)
|
1.58B
est: 1.60B (-1.4%)
|
1.37B
est: 1.56B (-12.2%)
|
1.31B
est: 1.33B (-1.5%)
|
1.55B
est: 1.44B (+7.8%)
|
1.51B
est: 1.58B (-4.7%)
|
1.72B
1.72B – 1.72B
+9.1% YoY
|
| SGA |
517.18M
est: 568.05M (-9.0%)
|
599.00M
est: 598.59M (+0.1%)
|
696.53M
est: 648.67M (+7.4%)
|
723.09M
est: 680.38M (+6.3%)
|
688.75M
est: 635.04M (+8.5%)
|
644.52M
est: 656.08M (-1.8%)
|
818.57M
est: 826.20M (-0.9%)
|
902.17M
est: 842.87M (+7.0%)
|
783.69M
est: 742.90M (+5.5%)
|
797.58M
est: 801.70M (-0.5%)
|
723.17M
est: 850.33M (-15.0%)
|
905.09M
905.09M – 905.09M
+6.4% YoY
|
| EPS |
5.40
est: 5.67 (-4.8%)
|
7.03
est: 6.72 (+4.6%)
|
8.47
est: 8.15 (+3.9%)
|
7.67
est: 7.79 (-1.5%)
|
8.71
est: 8.31 (+4.8%)
|
10.81
est: 10.57 (+2.2%)
|
12.31
est: 12.43 (-1.0%)
|
10.72
est: 12.16 (-11.8%)
|
10.21
est: 10.47 (-2.5%)
|
12.12
est: 11.34 (+6.9%)
|
11.76
est: 12.46 (-5.6%)
|
13.59
13.59 – 13.59
+9.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-14 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-13 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-12 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-11 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-08 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-07 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-06 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-05 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-04 | A | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-04-30 | A | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-29 | A | 4/5 | 4/5 | 4/5 | 4/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-28 | A | 4/5 | 4/5 | 4/5 | 4/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-27 | A | 4/5 | 4/5 | 4/5 | 4/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-24 | A | 4/5 | 4/5 | 4/5 | 4/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
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 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.08% | 33.5K | 0.54% |
| 2 | iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L | 0.07% | 50.4K | 0.74% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.07% | 478.3K | 0.65% |
| 4 | State Street SPDR MSCI All Country World Investable Market UCITS ETF (Acc) IMID.L | 0.07% | 5.00M | 0.17% |
| 5 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.05% | 881.9K | 0.58% |
| 6 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.04% | 141.3K | 0.74% |
| 7 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.03% | 161.4K | 0.55% |
| 8 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.03% | 30.8K | 0.42% |
| 9 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.02% | 81.7K | 0.56% |
| 10 | Avantis Emerging Markets ex-China Equity ETF AVXC | 0.02% | 92.5K | 0.33% |
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 |
|---|---|---|---|
| Mei-Hui Chang | Head of Plant | — | female |
| Yi-Sheng | President | — | male |
| Yu-Fang Hung | Manager of Finance Department | — | female |
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 2428.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.
