Thinking Electronic Industrial Co (TPE:2428) FCF Margin %: 32.23% (As of Dec. 2025) — 111% Above Median


TPE:2428 Thinking Electronic Industrial Co Ltd TPE:2428
78 GF Score
Price NT$296.50
GF Value NT$175.41
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Thinking Electronic Industrial Co FCF Margin %?

Thinking Electronic Industrial Co TPE:2428 -3.73% 78 FCF Margin % is 32.23% as of Dec. 2025, which is 111% above its 10-year median of 15.30. GuruFocus rates TPE:2428 with a GF Score™ of 78/100 and a GF Value™ of NT$175.41 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,471 Hardware companies, Thinking Electronic Industrial Co ranks better than 92.84% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Thinking Electronic Industrial Co's Free Cash Flow for the three months ended in Dec. 2025 was NT$646 Mil. Thinking Electronic Industrial Co's Revenue for the three months ended in Dec. 2025 was NT$2,004 Mil. Therefore, Thinking Electronic Industrial Co's FCF Margin % for the quarter that ended in Dec. 2025 was 32.23%.

As of today, Thinking Electronic Industrial Co's current FCF Yield % is 4.01%.

The historical rank and industry rank for Thinking Electronic Industrial Co's FCF Margin % or its related term are showing as below:

TPE:2428' s FCF Margin % Range Over the Past 10 Years
Min: 8.46   Med: 15.3   Max: 23.27
Current: 18.92


During the past 13 years, the highest FCF Margin % of Thinking Electronic Industrial Co was 23.27%. The lowest was 8.46%. And the median was 15.30%.

TPE:2428's FCF Margin % is ranked better than
92.84% of 2471 companies
in the Hardware industry
Industry Median: 0.63 vs TPE:2428: 18.92


Thinking Electronic Industrial Co FCF Margin % Related Terms


Thinking Electronic Industrial Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for Thinking Electronic Industrial Co's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thinking Electronic Industrial Co FCF Margin % Chart

Thinking Electronic Industrial Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.45 11.98 17.67 17.41 18.92

Thinking Electronic Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.15 13.44 25.62 4.48 32.23

TPE:2428 vs APH, GLW, TEL: FCF Margin % Comparison

For the Electronic Components subindustry, Thinking Electronic Industrial Co's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thinking Electronic Industrial Co FCF Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Thinking Electronic Industrial Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Thinking Electronic Industrial Co's FCF Margin % falls into.


TPE:2428
78GF Score
Thinking Electronic Industrial Co Ltd TPE:2428
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thinking Electronic Industrial Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Thinking Electronic Industrial Co's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1520.428/8034.659
=18.92 %

Thinking Electronic Industrial Co's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=645.868/2004.017
=32.23 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 32.23% mean?
Thinking Electronic Industrial Co (TPE:2428) has a FCF Margin % of 32.23% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Thinking Electronic Industrial Co and its competitors. This is 111% above median its historical median of 15.30. Over the past decade, Thinking Electronic Industrial Co's FCF Margin % has ranged from 8.46 to 23.27. According to the industry distribution chart, Thinking Electronic Industrial Co ranks #177 out of 2471 companies in the Hardware industry, placing it in the top 7.2%.
Is Thinking Electronic Industrial Co's FCF Margin % too high?
Thinking Electronic Industrial Co's current FCF Margin % of 32.23% is 111% above median its 10-year median of 15.30. Over the past 10 years, this metric has ranged from a low of 8.46 to a high of 23.27. The Hardware industry median FCF Margin % is 0.63. Thinking Electronic Industrial Co's value of 32.23% is 5015.9% above this industry median. Based on the distribution chart, Thinking Electronic Industrial Co ranks #177 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's FCF Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Thinking Electronic Industrial Co ranks #177 out of 2471 companies for FCF Margin %. This places Thinking Electronic Industrial Co in the top 7% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.63. Thinking Electronic Industrial Co's value of 32.23% is 5015.9% above this benchmark. Historically, Thinking Electronic Industrial Co's own FCF Margin % has ranged from 8.46 to 23.27 over the past decade. While the company's 10-year median is 15.30 vs. the industry median of 0.63, Thinking Electronic Industrial Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thinking Electronic Industrial Co's current FCF Margin % of 32.23% is 5015.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Thinking Electronic Industrial Co and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Electronic Industrial Co's current FCF Margin % is 32.23%, which is 111% above median its own 10-year median of 15.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.41, compared to a current price of NT$296.50 — trading 69% above its estimated fair value. The current FCF Margin % is 32.23%, which is 111% above median its 10-year median of 15.30 and 5015.9% above the Hardware industry median of 0.63. Thinking Electronic Industrial Co's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Thinking Electronic Industrial Co (TPE:2428), the current FCF Margin % is 32.23% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?

Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued. The current stock price of NT$296.50 is trading 69% above its estimated GF Value™ of NT$175.41. GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.

Key valuation signals for TPE:2428:

  • FCF Margin %: 32.23% (111% above median its 10-year median of 15.30)
  • GF Value™: NT$175.41 vs. price of NT$296.50 (69% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 5015.9% above the Hardware median (#177 of 2471)

No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinking Electronic Industrial Co Business Description

Address Dashun 1st Road, No. 93, 8th Floor, Zuoying District, Kaohsiung, TWN
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score

Get the complete analysis for TPE:2428

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$296.50
Price
NT$175.41
GF Value