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Home/Stocks/2421.TW
TWSE · Taiwan · Specialty Industrial Machinery

2421.TW Sunonwealth Electric

Server fans and liquid-cooling pumps

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-27
NT$154.0
−0.65% today
1W
−4.6%
1M
−7.8%
3M
+18.5%
YTD
−0.8%
1Y
+21.5%
Off 52w high
−16.0%
Market capNT$44.34B≈ $1.36B
P/E (trailing)16.2Forward 11.5
EV / sales1.9×EV/EBITDA 10.5×
Revenue (TTM)NT$20.29BGrowth 16.2% y/y
Margins31.8%gross · op 15.4%
Free cash flowNT$1.60BCash NT$6.95B · debt NT$1.25B
Analyst targetNT$202.0+31.2% upside · 3 analysts · none
Riskβ 0.96Short — of float · yield 3.38%

Fundamentals from public market data, refreshed daily (2026-10-26 21:24 UTC). Figures in reporting currency.

2421.TW · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-08-07EarningsMiss / cut

    Reported EPS 2.41 vs 2.52 expected (-4.2% surprise).

  2. 7
    2026-05-08EarningsMiss / cut

    Reported EPS 2.36 vs 2.38 expected (-0.8% surprise).

  3. 6
    2026-03-05EarningsMiss / cut

    Reported EPS 2.29 vs 2.41 expected (-4.9% surprise).

  4. 5
    2025-11-06EarningsBeat / raise

    Reported EPS 2.55 vs 2.25 expected (+13.1% surprise).

  5. 4
    2025-08-07EarningsMiss / cut

    Reported EPS 1.37 vs 1.63 expected (-16.1% surprise).

  6. 3
    2025-05-08EarningsBeat / raise

    Reported EPS 1.72 vs 1.44 expected (+19.7% surprise).

  7. 2
    2025-03-06EarningsMiss / cut

    Reported EPS 1.59 vs 1.82 expected (-12.8% surprise).

  8. 1
    2024-11-11EarningsMiss / cut

    Reported EPS 1.28 vs 1.61 expected (-20.6% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-08-072.522.41−4.2%
2026-05-082.382.36−0.8%
2026-03-052.412.29−4.9%
2025-11-062.252.55+13.1%
2025-08-071.631.37−16.1%
2025-05-081.441.72+19.7%
2025-03-061.821.59−12.8%
2024-11-111.611.28−20.6%
2024-08-081.551.39−10.4%
2024-05-031.271.19−6.7%
2024-03-071.380.84−39.0%
2023-11-021.541.49−3.0%
2023-08-031.531.68+10.1%
2023-05-040.691.1+58.6%
2023-03-091.071.11+3.7%
2022-11-030.961.42+48.3%
2022-08-050.711.19+67.5%
2022-05-050.480.61+27.1%
2022-03-100.60.69+14.3%
2021-11-040.360.35−2.8%
2021-08-020.590.3−49.1%
2021-05-060.450.37−17.6%
2021-03-110.930.61−34.7%
2020-11-051.050.92−12.0%
2020-08-051.21.47+22.4%

About Sunonwealth Electric

Website ↗

Sunonwealth Electric Machine Industry Co., Ltd., together with its subsidiaries, researches, manufactures and sells precision motors and cooling fans worldwide. The company engages in general investment, real estate, sells garden fans. Sunonwealth Electric Machine Industry Co., Ltd. is headquartered in Kaohsiung City, Taiwan.

Kaohsiung, Taiwan

Each GPU needs a cold plate or vapor chamber, plus fans, manifolds and quick-disconnects. Taiwanese makers supply most of it and content per rack rises with chip power.

Copper / vapor chamber→Cold plate→Manifold→Rack

What would prove us wrong. Weakens if cold-plate prices fall as new suppliers qualify.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
3017.TW
Asia Vital Components
Cold plates and liquid cooling modules NT$3,130.0−0.48%−7.7%+108.5%
3324.TWO
Auras Technology
Liquid-cooling components NT$1,335.0−1.84%−16.6%+33.7%
3653.TW
Jentech Precision
Heat spreaders and cold-plate parts NT$5,860.0−3.46%+0.5%+114.8%
6230.TW
Nidec Chaun-Choung
Vapor chambers and heat pipes NT$108.5+0.46%−2.2%−5.7%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.