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Updated 1m ago
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Good Will Instrument Co., Ltd.TWSE:2423 Stock Report

Market Cap NT$10.6b
Updated 1m ago
Share Price
n/a
1Y37.9%
7D2.2%
1D1.4%
Portfolio Value
​
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Good Will Instrument Co., Ltd.

TWSE:2423 Stock Report

Market Cap: NT$10.6b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Good Will Instrument (2423) Stock Overview

Manufactures and markets electrical test and measurement instruments for educational and industrial manufacturing markets in Taiwan. More details

2423 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

Rewards

Price-To-Earnings ratio (17.5x) is below the TW market (18.6x)

Earnings grew by 61.3% over the past year

Pays a reliable dividend of 3.39%

Risk Analysis

No risks detected for 2423 from our risk checks.

2423 Community Fair Values

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NT$
Current Price
NT$73.8021.8% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture04b2016201920222025202620282031Revenue NT$3.8bEarnings NT$705.2m
Advanced
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Good Will Instrument Co., Ltd. Competitors

Laser Tek TaiwanLtd

Symbol: TPEX:6207
Market cap: NT$10.5b

Usun Technology

Symbol: TPEX:3498
Market cap: NT$11.1b

Climax Technology

Symbol: TWSE:7689
Market cap: NT$8.6b

PSSLtd

Symbol: TWSE:6914
Market cap: NT$9.7b

Price History & Performance

Summary of share price highs, lows and changes for Good Will Instrument
Historical stock prices
Current Share PriceNT$73.80
52 Week HighNT$87.90
52 Week LowNT$44.65
Beta0.53
1 Month Change0.27%
3 Month Change-5.02%
1 Year Change37.94%
3 Year Change109.66%
5 Year Change173.84%
Change since IPO425.10%

Recent News & Updates

Recent updates

Analysis Article • Aug 07

Good Will Instrument Co., Ltd.'s (TWSE:2423) Prospects Need A Boost To Lift Shares

When close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 21x, you may consider Good...
Analysis Article • Jun 06

Good Will Instrument (TWSE:2423) Has Announced That It Will Be Increasing Its Dividend To NT$2.20

Good Will Instrument Co., Ltd. ( TWSE:2423 ) has announced that it will be increasing its periodic dividend on the 19th...
Analysis Article • Apr 26

Many Still Looking Away From Good Will Instrument Co., Ltd. (TWSE:2423)

When close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 24x, you may consider Good...
Analysis Article • Apr 23

Is Good Will Instrument (TPE:2423) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Mar 19

Good Will Instrument's (TPE:2423) Soft Earnings Are Actually Better Than They Appear

Shareholders appeared unconcerned with Good Will Instrument Co., Ltd.'s ( TPE:2423 ) lackluster earnings report last...
Analysis Article • Mar 03

Returns On Capital - An Important Metric For Good Will Instrument (TPE:2423)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • Feb 17

Estimating The Intrinsic Value Of Good Will Instrument Co., Ltd. (TPE:2423)

How far off is Good Will Instrument Co., Ltd. ( TPE:2423 ) from its intrinsic value? Using the most recent financial...
Analysis Article • Jan 30

Read This Before Buying Good Will Instrument Co., Ltd. (TPE:2423) For Its Dividend

Dividend paying stocks like Good Will Instrument Co., Ltd. ( TPE:2423 ) tend to be popular with investors, and for good...
Analysis Article • Jan 14

Good Will Instrument Co., Ltd.'s (TPE:2423) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Most readers would already be aware that Good Will Instrument's (TPE:2423) stock increased significantly by 10% over...
Analysis Article • Dec 30

Did You Participate In Any Of Good Will Instrument's (TPE:2423) Respectable 100% Return?

The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...
Analysis Article • Dec 15

Good Will Instrument (TPE:2423) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Nov 30

What We Make Of Good Will Instrument's (TPE:2423) Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

2423TW ElectronicTW Market
7D2.2%-3.3%-1.4%
1Y37.9%91.6%77.4%

Return vs Industry: 2423 underperformed the TW Electronic industry which returned 91.6% over the past year.

Return vs Market: 2423 underperformed the TW Market which returned 77.4% over the past year.

Price Volatility

Is 2423's price volatile compared to industry and market?
2423 volatility
2423 Average Weekly Movement6.5%
Electronic Industry Average Movement7.7%
Market Average Movement5.8%
10% most volatile stocks in TW Market11.1%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 2423 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 2423's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1975n/aChao Ming Zhangwww.gwinstek.com

Good Will Instrument Co., Ltd. manufactures and markets electrical test and measurement instruments for educational and industrial manufacturing markets in Taiwan. The company provides handheld oscilloscopes, digital storage oscilloscopes, and oscilloscope training kits; spectrum analyzers, RF training systems, and EMI solution packages; and signal generators comprising arbitrary function, RF signal, DDS function, and analog function generators, as well as other signal sources. It also provides DC and AC power supplies, and DC and AC/DC electronic loads; bench-top and hand-held digital multi-meters, and digital clamp meters; LCR meters; safety, leakage current, and AC ground bond testers, as well as multiplex scanner boxes; data acquisition systems; and other meters comprising DC milli-Ohm meters, AC power meters, digital IC testers, precision current shunt and automatic distortion meter, AC millvolt meters, precision current shunt meters, AC millvolt meters, frequency counters, and battery meters.

Good Will Instrument Co., Ltd. Fundamentals Summary

How do Good Will Instrument's earnings and revenue compare to its market cap?
2423 fundamental statistics
Market capNT$10.56b
Earnings (TTM)NT$611.57m
Revenue (TTM)NT$3.28b
17.5x
P/E Ratio
3.3x
P/S Ratio

Is 2423 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2423 income statement (TTM)
RevenueNT$3.28b
Cost of RevenueNT$1.51b
Gross ProfitNT$1.77b
Other ExpensesNT$1.15b
EarningsNT$611.57m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)4.22
Gross Margin53.87%
Net Profit Margin18.65%
Debt/Equity Ratio0.06%

How did 2423 perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
59%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 09:29
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Good Will Instrument Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Quanguo ZhangCitic Securities Co., Ltd.

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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