Test Research, Inc. (3030.TW)
Taipei, TW
Test Research, Inc. (TRI) is a global enterprise that designs, engineers, manufactures, services, and distributes automated inspection and testing machinery. Its operations span across Asia, the Americas, Europe, and other international markets. The company's product line includes advanced optical inspection solutions, such as 3D solder paste inspection, automated optical inspection for both pre-reflow and post-reflow stages, and automated X-ray inspection systems. Additionally, TRI manufactures defect analyzers and in-circuit testers. Expanding its offerings, Test Research, Inc. also delivers intelligent factory and AI-driven solutions, along with comprehensive yield management systems. These sophisticated testing and inspection technologies are tailored for key sectors, including the automotive, semiconductor, and telecommunications industries. TRI is committed to extensive after-sales support, which comprises services like troubleshooting, in-depth failure analysis, routine calibration, complete system maintenance, and warranty provisions for parts and accessories. Established in 1989, the company's corporate headquarters are situated in Taipei City, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | -0.49% | +31.40% | +107.63% | +167.54% | +113.05% | +272.60% | +546.59% | +625.98% | +812.75% | +3,967.80% |
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 | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Industrial - Machinery: +7.4%+33.2% ★ Q1'26: +25.8% (vs Q1'25)
-
EPS growth Industrial - Machinery: +15.6%+35.2% ★ Q1'26: +43.4% (vs Q1'25)
-
FCF margin FCF growth · Industrial - Machinery: +38.2%+17.3% ★ Q1'26: +20.9% (vs Q1'25)
-
EBIT margin Industrial - Machinery: +10.0%+35.3% ★ Q1'26: +38.2% (vs Q1'25)
-
ROIC Industrial - Machinery: +6.8%+30.6% ★ Q1'26: +36.0% (vs Q1'25)
-
Share dilution Industrial - Machinery: +0.0%-0.1% ★ Q1'26: -0.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×0.02× Q1'26: 0.02× (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 2018 actual |
Dec 2019 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. |
|---|---|---|---|---|---|---|---|
| Revenue |
4.92B
est: 4.96B (-0.8%)
|
4.39B
est: 4.82B (-8.9%)
|
8.47B
est: 4.96B (+70.8%)
|
4.96B
4.96B – 4.96B
+0.0% YoY
|
4.82B
4.82B – 4.82B
-2.8% YoY
|
8.26B
8.26B – 8.26B
+71.5% YoY
|
9.50B
9.50B – 9.50B
+15.0% YoY
|
| EBITDA |
1.43B
est: 1.67B (-14.2%)
|
1.29B
est: 1.62B (-20.6%)
|
3.19B
est: 1.74B (+83.0%)
|
1.74B
1.74B – 1.74B
+0.0% YoY
|
1.69B
1.69B – 1.69B
-2.8% YoY
|
2.90B
2.90B – 2.90B
+71.5% YoY
|
3.34B
3.34B – 3.34B
+15.0% YoY
|
| EBIT |
1.33B
est: 1.54B (-13.2%)
|
1.16B
est: 1.49B (-22.2%)
|
2.99B
est: 1.61B (+85.5%)
|
1.61B
1.61B – 1.61B
+0.0% YoY
|
1.57B
1.57B – 1.57B
-2.8% YoY
|
2.69B
2.69B – 2.69B
+71.5% YoY
|
3.09B
3.09B – 3.09B
+15.0% YoY
|
| Net Income |
1.06B
est: 1.08B (-1.5%)
|
938.70M
est: 993.53M (-5.5%)
|
2.48B
est: 1.08B (+129.5%)
|
1.08B
1.08B – 1.08B
+0.0% YoY
|
992.42M
992.42M – 992.42M
-8.1% YoY
|
2.24B
2.24B – 2.24B
+126.2% YoY
|
2.57B
2.57B – 2.57B
+14.4% YoY
|
| SGA |
965.06M
est: 929.28M (+3.9%)
|
890.97M
est: 903.04M (-1.3%)
|
1.31B
est: 905.44M (+44.5%)
|
905.44M
905.44M – 905.44M
+0.0% YoY
|
879.88M
879.88M – 879.88M
-2.8% YoY
|
1.51B
1.51B – 1.51B
+71.5% YoY
|
1.74B
1.74B – 1.74B
+15.0% YoY
|
| EPS |
4.51
est: 4.57 (-1.3%)
|
3.97
est: 4.20 (-5.5%)
|
10.49
est: 4.57 (+129.5%)
|
4.57
4.57 – 4.57
+0.0% YoY
|
4.20
4.20 – 4.20
-8.1% YoY
|
9.50
9.50 – 9.50
+126.2% YoY
|
10.87
10.87 – 10.87
+14.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-06 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-05 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-04 | A | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-04-30 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-04-29 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-04-28 | A | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
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 Fund DGS | 0.56% | 10.06M | 0.58% |
| 2 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.12% | 52.1K | 0.54% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.12% | 841.7K | 0.65% |
| 4 | iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L | 0.11% | 83.5K | 0.74% |
| 5 | iShares MSCI Emerging Markets Small-Cap ETF EEMS | 0.11% | 402.5K | 0.72% |
| 6 | Avantis Emerging Markets Value ETF AVES | 0.10% | 1.42M | 0.36% |
| 7 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.09% | 113.5K | 0.42% |
| 8 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.09% | 538.2K | 0.55% |
| 9 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.08% | 269.2K | 0.74% |
| 10 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.05% | 6.64M | 0.06% |
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 |
|---|---|---|---|
| Chia-Lang Tsai | Chief Information Security Officer & Senior Manager of Human Resources Department | — | male |
| Chiang Huai Lin | Vice President of Global Sales Division & Director | — | male |
| Chieh-Yuan Chen | Founder, Chairman & President | — | male |
| Kaun-Yuan Chen | Director of Finance Department & Accounting Chief | — | male |
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 3030.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.

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