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2423.TW

STRONG BUYFLAG

Good Will Instrument Co., Ltd. · Technology · Taiwan · $379M · Avg Vol: $1M/d

97
StockRank
Q
82
V
55
M
56
P/E (TTM)
26.6x
ROE
18.9%
D/E
0.0x
Dividend %
3.3%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Good Will Instrument produces electrical test and measurement instruments. It benefits from the expansion of localized electronics manufacturing and R&D labs, but lacks the scale and global distribution of larger peers.

COMPANY DESCRIPTION

Good Will Instrument Co., Ltd., operating under the "GW Instek" brand, is Taiwan's largest manufacturer of electronic test and measurement instruments, including oscilloscopes, spectrum analyzers, and signal generators. The company occupies a highly profitable niche in the global mid-range market, offering high-reliability, cost-effective testing solutions to educational institutions, R&D labs, and industrial manufacturers. Its extensive global distribution network and continuous product diversification into high-voltage and safety testing equipment drive steady growth.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue—92M96M89M94M0.7%
EPS0.060.090.090.08—6.6%
Shares—145M145M145M145M0.0%
Debt014M7M2M2M-46.2%
Equity—84M87M90M94M4.0%
Op CF—5M17M16M15M42.8%
Inv CF—-879,688-3M-2M-5M—
Fin CF—-239,063-17M-16M-10M—
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PRICE (1M)+18.3%
1.942.132.322.512.70May 8May 29Jun 18
SMA 50SMA 200
Close
$2.48
RSI (14)
40.9
52W High
$2.80
From 52W High
0.9%

SCORE BREAKDOWN

Quality
82
ROIC
17.2%82.0
ROE
18.9%81.7
GP/Assets
45.2%85.0
Op. Margin
26.0%89.3
FCF/Assets
10.1%80.5
Piotroski
—79.5
Int. Cover
50.0x87.7
D/E Ratio
0.01x89.9
Current Ratio
2.58x65.0
Value
55
P/E (TTM)
26.6x59.6
EV/EBITDA
13.9x51.6
P/FCF
991.3x48.8
P/B
4.0x40.6
P/S
3.6x46.5
Div Yield
3.3%82.1
Momentum
56
52W High %
88%74.3
RS 6M
-19%46.9
SMA 50/200
1.20x67.9
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—12.6
Q Growth
94%77.2

FUNDAMENTALS

Market Cap
$379M
P/E (Forward)
27.9x
Gross Margin
53.8%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 2423.TW are excluded.

TickerCompanyMkt CapStockRankSignal
2423.TWGood Will Instrument Co., Ltd.(you)$379M97STRONG BUY
3587.TWOMaterials Analysis Technology Inc.$732M87STRONG BUY
3030.TWTest Research, Inc.$3.0B90STRONG BUY
4549.TWOFineTek Co., Ltd.$226M50HOLD
8289.TWOTaitien Electronics Co., Ltd.$162M53HOLD
3059.TWAltek Corporation$415M38HOLD
6516.TWOKingwaytek Technology Co., Ltd.$101M52HOLD
3306.TWORoyalTek Company Ltd.$76M47HOLD
5309.TWOSysgration Ltd.$503M12STRONG SELL
5236.TWOSunplus Innovation Technology Inc.$349M95STRONG BUY

Peer medians: ROE 7.4% · P/E 34.5x · Gross margin 24.0%

Good Will Instrument Co., Ltd. (2423.TW) — Stock Score Summary

Good Will Instrument Co., Ltd. (2423.TW) has a MoatMap StockRank of 97/100 based on Quality (82/100), Value (55/100), and Momentum (56/100) factor scores. The current signal is STRONG BUY. Good Will Instrument produces electrical test and measurement instruments. It benefits from the expansion of localized electronics manufacturing and R&D labs, but lacks the scale and global distribution of larger peers.

Good Will Instrument Co., Ltd., operating under the "GW Instek" brand, is Taiwan's largest manufacturer of electronic test and measurement instruments, including oscilloscopes, spectrum analyzers, and signal generators. The company occupies a highly profitable niche in the global mid-range market, offering high-reliability, cost-effective testing solutions to educational institutions, R&D labs, and industrial manufacturers. Its extensive global distribution network and continuous product diversification into high-voltage and safety testing equipment drive steady growth.

Key Financial Metrics

Price$2.48
Market Cap$379M
P/E (TTM)26.56
P/E (Forward)27.91
Price/Book3.99
Return on Equity18.9%
Return on Invested Capital17.2%
Debt/Equity1.06
Gross Margin53.8%
Operating Margin26.0%
Revenue Growth27.5%
Dividend Yield3.3%
Free Cash Flow$383K

Good Will Instrument Co., Ltd. operates in the Scientific & Technical Instruments industry, part of the Technology sector (Taiwan).

Frequently Asked Questions

What is Good Will Instrument Co., Ltd.’s (2423.TW) StockRank?
MoatMap’s StockRank for Good Will Instrument Co., Ltd. (2423.TW) is 97/100, with a Strong Buy signal. It is a composite of Quality (82), Value (55), and Momentum (56) factor ranks across MoatMap’s 20,000+ stock universe.
Does Good Will Instrument Co., Ltd. have an economic moat?
Good Will Instrument Co., Ltd. (2423.TW) has a Quality factor score of 82/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Good Will Instrument Co., Ltd. a buy, hold, or sell?
MoatMap’s current signal for Good Will Instrument Co., Ltd. (2423.TW) is Strong Buy, based on a StockRank of 97/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Good Will Instrument Co., Ltd. in?
Good Will Instrument Co., Ltd. (2423.TW) operates in the Technology sector, specifically the Scientific & Technical Instruments industry (Taiwan).
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