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Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, sales, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
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Test Research has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Test Research achieved revenue of $192M and an EBITDA of $71.5M.
Test Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Test Research valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $134M | $192M | XXX | XXX | XXX |
| Gross Profit | $116M | $79.4M | XXX | XXX | XXX |
| Gross Margin | 87% | 41% | XXX | XXX | XXX |
| EBITDA | $42.3M | $71.5M | XXX | XXX | XXX |
| EBITDA Margin | 32% | 37% | XXX | XXX | XXX |
| Net Profit | $58.0M | $30.2M | XXX | XXX | XXX |
| Net Margin | 43% | 16% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Test Research's stock price is TWD 95 (or $3).
Test Research has current market cap of TWD 22.3B (or $675M), and EV of TWD 21.1B (or $636M).
See Test Research trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $636M | $675M | XXX | XXX | XXX | XXX | n/a |
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Sign UpAs of April 15, 2025, Test Research has market cap of $675M and EV of $636M.
Test Research's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Test Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Test Research and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $636M | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | XXX | XXX |
| P/E | 12.2x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 27.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTest Research's NTM/LTM revenue growth is n/a
Test Research's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Test Research's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Test Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Test Research and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 43% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 69% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 28% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Catapult | XXX | XXX | XXX | XXX | XXX | XXX |
| Optiscan Imaging | XXX | XXX | XXX | XXX | XXX | XXX |
| NanoFocus | XXX | XXX | XXX | XXX | XXX | XXX |
| Jenoptik | XXX | XXX | XXX | XXX | XXX | XXX |
| Knorr-Bremse | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Test Research acquired XXX companies to date.
Last acquisition by Test Research was XXXXXXXX, XXXXX XXXXX XXXXXX . Test Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Test Research founded? | Test Research was founded in 1989. |
| Where is Test Research headquartered? | Test Research is headquartered in Taiwan. |
| How many employees does Test Research have? | As of today, Test Research has 632 employees. |
| Is Test Research publicy listed? | Yes, Test Research is a public company listed on TAI. |
| What is the stock symbol of Test Research? | Test Research trades under 3030 ticker. |
| When did Test Research go public? | Test Research went public in 2002. |
| Who are competitors of Test Research? | Similar companies to Test Research include e.g. Catapult, Optiscan Imaging, NanoFocus, Jenoptik. |
| What is the current market cap of Test Research? | Test Research's current market cap is $675M |
| What is the current revenue growth of Test Research? | Test Research revenue growth between 2023 and 2024 was 43%. |
| Is Test Research profitable? | Yes, Test Research is EBITDA-positive (as of the last 12 months). |
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