Loading…
Taiwanese ODM; one of the world's largest laptop contract manufacturers, expanding into servers and EVs.
Taiwanese ODM; one of the world's largest laptop contract manufacturers, expanding into servers and EVs.
Is paid per laptop built for brands such as HP, Dell and Lenovo, with component costs passed through, so revenue is large but margins are thin and depend on volume and factory yields. Servers are the area it is trying to grow; notebooks remain the base.
In one line: A Taiwan EMS peer of Jabil/Flex, PC-focused.
Moat: narrow (scale, switching costs). Large-scale, long-qualified notebook ODM lines; margins remain thin and customer-concentrated.
Headquarters: Taipei, Taiwan · Founded: 1984 · Employees: 39,756
Size Compal Electronics (2324.TW) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $4.15B, the 103rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$31.50 on 6 Nov 2026.
Performance Over six months the shares gained 7.5%, against -18.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue fell 4.2% over the last twelve months (peer median +14.5%); the operating margin is 1.3% (peer median 4.4%).
Valuation It trades at 12.9× forward earnings against a peer median of 13.7× (6th cheapest of 16).
Capital Return on invested capital runs 0.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$818B | NT$758B | NT$910B | NT$947B | NT$1.07T |
| Revenue growth | — | -17% | -4% | -12% | — |
| Gross profit | NT$41.9B | NT$41.2B | NT$43.7B | NT$40.8B | NT$38.7B |
| EBITDA | NT$17.6B | NT$17.8B | NT$22.7B | NT$19.9B | NT$16.8B |
| Net income | NT$8.46B | NT$6.03B | NT$10.0B | NT$7.67B | NT$7.29B |
| Free cash flow | -NT$26.1B | NT$21.5B | NT$18.2B | NT$22.6B | NT$50.5B |
| Capital expenditure | NT$14.4B | NT$8.54B | NT$7.93B | NT$7.54B | NT$8.39B |
| Total debt | NT$120B | NT$92.3B | NT$93.2B | NT$96.0B | NT$117B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Compal Electronics 2324.TW | $4.15B | +8% | -4% | 1% | 12.9× | n/a |
| Quanta Computer 2382.TW | $36.0B | -10% | +63% | 3% | 10.1× | n/a |
| Wistron 3231.TW | $16.3B | +13% | +107% | 4% | 8.1× | n/a |
| Inventec 2356.TW | $5.71B | +12% | +16% | 2% | 13.2× | n/a |
| Pegatron 4938.TW | $7.52B | +14% | -6% | 1% | 13.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2324.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.0% | -6.9% | 8th lowest of 21 |
| 6-month return | +7.5% | -18.5% | 6th highest of 19 |
| Distance from 52-week high | -34.0% | -37.2% | 9th highest of 21 |
| Revenue growth (TTM) | -4.2% | +14.5% | 4th lowest of 19 |
| Operating margin | 1.3% | 4.4% | 7th lowest of 20 |
| Forward P/E | 12.9× | 13.7× | 6th cheapest of 16 |
| ROIC minus cost of capital | -0.7 pp | -0.2 pp | 9th lowest of 19 |
| Net debt / EBITDA | 1.9× | 1.2× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 11.2× | -2.7% | +7.3% |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| Lingyi iTech (Guangdong) 1688.HK | Hong Kong | $5.75B | n/a | +14% | 6% | 12.6× | n/a | n/a |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |