Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
2467.TW
HOLDAPPROVEC Sun Mfg Ltd. · Industrials · Taiwan · $3.0B · Avg Vol: $42M/d
C Sun is a direct, under-the-radar beneficiary of TSMC's aggressive CoWoS capacity expansion. As a key supplier of specialized thermal process and lamination equipment required for advanced packaging, C Sun's order book is surging. The market has historically valued it as a legacy PCB equipment maker, failing to price in its transition to an indispensable semi-cap supplier for AI hardware.
COMPANY DESCRIPTION
C Sun Mfg Ltd. designs and manufactures advanced thermal processing, exposure, and coating equipment for the semiconductor, PCB, and flat panel display industries. The company's competitive moat lies in its proprietary optical and thermal control technologies, which are critical for high-yield electronics manufacturing. It is a dominant market leader in the Taiwanese electronics manufacturing equipment sector.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|
| Revenue | 182M | 171M | 116M | 154M | -5.6% |
| EPS | 0.13 | 0.15 | 0.10 | 0.15 | 4.4% |
| Shares | 157M | 157M | 157M | 157M | -0.0% |
| Debt | 51M | 59M | 71M | 83M | 17.8% |
| Equity | 90M | 102M | 98M | 155M | 19.8% |
| Op CF | 12M | 19M | 31M | 28M | 32.9% |
| Inv CF | -23M | -5M | -9M | -10M | — |
| Fin CF | -6M | -6M | -19M | -4M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 2467.TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 2467.TW | C Sun Mfg Ltd.(you) | $3.0B | 64 | HOLD |
| 3167.TW | Ta Liang Technology Co., Ltd. | $2.3B | 65 | HOLD |
| 1513.TW | Chung-Hsin Electric and Machinery Manufacturing Corp. | $2.6B | 75 | BUY |
| 6831.TW | Taiwan Microloops Corp. | $1.6B | 63 | HOLD |
| 7795.TW | Eternal Precision Mechanics Co., Ltd. | $1.0B | 59 | HOLD |
| 2476.TW | G-SHANK Enterprise Co., Ltd. | $848M | 67 | BUY |
| 8996.TW | Kaori Heat Treatment Co., Ltd. | $3.2B | 91 | STRONG BUY |
| 2464.TW | Mirle Automation Corporation | $1.2B | 51 | HOLD |
| 2421.TW | Sunonwealth Electric Machine Industry Co., Ltd. | $1.4B | 85 | STRONG BUY |
| 1590.TW | Airtac International Group | $8.9B | 86 | STRONG BUY |
Peer medians: ROE 8.5% · P/E 21.4x · Gross margin 23.4%