Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
3030.TW
STRONG BUYAPPROVETest Research, Inc. · Technology · Taiwan · $3.0B · Avg Vol: $35M/d
Test Research, Inc. (TRI) is a premier provider of high-precision optical and X-ray inspection systems for PCB and semiconductor packaging assemblies. As advanced packaging (CoWoS) and localized electronics manufacturing scale up globally, TRI's inspection tools are indispensable for yield management, giving them a high-margin, asset-light business model with deep technological moats.
COMPANY DESCRIPTION
Test Research, Inc. (TRI) is a leading provider of automated test and inspection systems, including SPI, AOI, AXI, and ICT, for the PCBA manufacturing industry. The company's competitive moat is its comprehensive product portfolio that covers the entire electronics assembly inspection line, powered by advanced AI software. It is a dominant global market leader in electronics manufacturing test equipment.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 214M | 141M | 203M | 270M | 8.1% |
| EPS | 0.16 | 0.26 | 0.14 | 0.25 | — | 15.7% |
| Shares | — | 236M | 236M | 236M | 236M | 0.0% |
| Debt | — | 2M | 2M | 1M | 2M | 3.0% |
| Equity | — | 232M | 229M | 264M | 306M | 9.7% |
| Op CF | — | 47M | 60M | 37M | 55M | 5.6% |
| Inv CF | — | -24M | -34M | -12M | -3M | — |
| Fin CF | — | -26M | -35M | -26M | -39M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 3030.TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 3030.TW | Test Research, Inc.(you) | $3.0B | 90 | STRONG BUY |
| 3587.TWO | Materials Analysis Technology Inc. | $732M | 87 | STRONG BUY |
| 2423.TW | Good Will Instrument Co., Ltd. | $379M | 97 | STRONG BUY |
| 2360.TW | Chroma ATE Inc. | $34.0B | 83 | STRONG BUY |
| 3059.TW | Altek Corporation | $415M | 38 | HOLD |
| 4549.TWO | FineTek Co., Ltd. | $226M | 50 | HOLD |
| 8289.TWO | Taitien Electronics Co., Ltd. | $162M | 53 | HOLD |
| 6257.TW | Sigurd Microelectronics Corporation | $3.5B | 90 | STRONG BUY |
| 2377.TW | Micro-Star International Co., Ltd. | $3.5B | 88 | STRONG BUY |
| 5434.TW | Topco Scientific Co.,Ltd. | $2.8B | 93 | STRONG BUY |
Peer medians: ROE 7.4% · P/E 34.5x · Gross margin 24.0%