WinstonWınston
Back
Stock

Tripod Technology Corporation

3044.TW
76
Hardware, Equipment & Parts · Technology
Price
NT$582.00
+3.00 (+0.52%)
Market Cap
NT$305.90B
Exchange
Taiwan Stock Exchange
Winston Score
76
Winston is happy
A high-quality business with solid fundamentals.
Data as of Oct 7, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Strong
22/30
Growth
Exceptional
20/20
Cash Flow
Mixed
3/10
Stability
Exceptional
10/10
Valuation
Strong
7/10
Ownership
Good
10/15
Dividends
Strong
4/5

76 of 100 counted points = Winston Score 76.

Track this stock — start free trial

§Winston Score History

The full picture

Tripod Technology is a major manufacturer of printed circuit boards (PCBs), which are the flat boards inside electronics that connect all the chips and components together. The company makes high-density interconnect (HDI) boards, traditional multilayer PCBs, and IC substrates used in smartphones, computers, servers, and automotive electronics. Based in Taiwan, Tripod is one of the largest PCB makers in the world.

The company earns revenue by selling PCBs to electronics manufacturers and semiconductor companies, with key customers spanning consumer electronics, networking, and automotive sectors. Tripod operates factories primarily in Taiwan and mainland China, and its scale and technical capabilities in advanced substrates give it a strong competitive position. Growing demand for AI servers and advanced packaging is a significant growth driver, though the business remains exposed to cyclical swings in electronics demand and geopolitical risks related to its manufacturing footprint.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+38.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+59.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

NT$306M/ year

↑ Rising (+9% vs prior year)

0.4% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

18.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~22 months

NT$25.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

Tripod Technology Corporation grew revenue 39% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

−0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 531.1M (2021) → 528.1M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
29.8%
Modest — 29.8% gross margin
Profit after running costs
Operating Margin
22.5%
Excellent — 22.5% operating margin
Return on the money invested
ROCE
27.3%
Exceptional — 27.3% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+20.7%
Fast-growing sales (+20.7% YoY)
Profit growth
EPS YoY
+31.3%
Earnings growing fast (+31.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
75%
Modest — 75% of profit becomes cash
Spare cash per sale
FCF Margin
-2.5%
Burning cash (-2.5%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.07
Conservative — low debt load (0.07)
Covers its interest
Interest Cover
108.83x
Comfortably covers interest (108.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
24.9x
Growth-priced — P/E 24.9

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+8.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (24.9 → 16.8)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
2.34%
Moderate income — 2.34% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+38.0%
Dividend growing fast (38.0% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial