Loading…
Former top smartphone maker now focused on VR/AR headsets under its Vive brand and enterprise metaverse platforms.
Former top smartphone maker now focused on VR/AR headsets under its Vive brand and enterprise metaverse platforms.
Revenue is thin and lumpy: headsets sold to enterprises, schools and consumers, plus licensing and one-off deals with other tech firms. It sold part of its phone-engineering team to Google in 2017, and a 2025 deal moved part of its XR engineering staff to Google as well.
In one line: Taiwan's answer to Meta's Reality Labs, minus the smartphone legacy.
Moat: narrow (brand, IP / patents). Established Vive VR brand and hardware/software ecosystem in a niche enterprise VR market.
Headquarters: Taoyuan, Taiwan · Founded: 1997 · Employees: 1,155
Size HTC (2498.TW) is a Taiwan Information Technology company (Telecommunications Equipment) with a market value of $885M, the 293rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$35.00 on 6 Nov 2026.
Performance Over six months the shares fell 14.6%, against -32.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue fell 8.3% over the last twelve months (peer median +5.6%); the operating margin is -78.0% (peer median -1.1%).
Valuation It trades at 6.0× enterprise value to sales against a peer median of 4.5× (8th most expensive of 21).
Capital Return on invested capital runs 17.8 points below its cost of capital (5.4% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$2.81B | NT$2.90B | NT$3.08B | NT$4.42B | NT$4.41B |
| Revenue growth | — | -6% | -30% | 0% | — |
| Gross profit | NT$996M | NT$920M | NT$1.12B | NT$1.64B | NT$1.49B |
| EBITDA | -NT$2.05B | -NT$3.30B | -NT$4.47B | -NT$4.07B | -NT$4.03B |
| Net income | -NT$860M | NT$6.03B | -NT$3.42B | -NT$3.40B | -NT$3.41B |
| Free cash flow | -NT$2.19B | -NT$4.45B | -NT$2.59B | -NT$4.09B | -NT$3.79B |
| Capital expenditure | NT$23.2M | NT$440M | NT$67.1M | NT$138M | NT$79.4M |
| Total debt | NT$7.42B | NT$3.24B | NT$15.3B | NT$12.8B | NT$9.59B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| HTC 2498.TW | $885M | -15% | -8% | -78% | 6.0× | n/a |
| Meta Platforms META | $1.56T | 0% | +28% | 33% | 6.6× | 16.6% |
| Sony 6758.T | $156B | +33% | +1% | 13% | 1.9× | 3.4% |
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 | 2498.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.8% | -12.5% | 8th lowest of 20 |
| 6-month return | -14.6% | -32.1% | 3rd highest of 20 |
| Distance from 52-week high | -36.6% | -52.1% | 4th highest of 20 |
| Revenue growth (TTM) | -8.3% | +5.6% | 6th lowest of 21 |
| Operating margin | -78.0% | -1.1% | 4th lowest of 21 |
| EV / Sales | 6.0× | 4.5× | 8th most expensive of 21 |
| ROIC minus cost of capital | -17.8 pp | -7.4 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | 6.0× | n/a | n/a |
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 0.4× | n/a | n/a |
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | 22.4× | n/a | n/a |
| Chengdu Spaceon Electronics 002935.SZ | China | $909M | -37% | +1% | 5% | 6.4× | 49.9% | +1.3% |
| Wuhan Fingu Electronic Technology 002194.SZ | China | $914M | -19% | -9% | -2% | 3.6× | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 2.5× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | 2.3× | n/a | n/a |
| Synspective 290A.T | Japan | $950M | -16% | +5% | -196% | 52.6× | n/a | n/a |
| santec 6777.T | Japan | $984M | -53% | +45% | 33% | 4.1× | 23.5% | +33.2% |
| Huizhou Speed Wireless Technology 300322.SZ | China | $991M | -52% | +25% | 3% | 2.5× | n/a | n/a |
| Nanjing Panda Electronics 600775.SS | China | $992M | -27% | +30% | -7% | 1.9× | n/a | n/a |
| Invisio IVSO.ST | Sweden | $1.00B | -15% | +24% | 18% | 4.7× | 13.2% | +26.7% |
| Sumavision Technologies 300079.SZ | China | $1.01B | -14% | -6% | -8% | 6.4× | n/a | n/a |
| Shenzhen Coship Electronics 002052.SZ | China | $757M | -34% | -75% | -5% | 18.7× | n/a | n/a |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 1.9× | 10.0% | -1.0% |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 5.2× | 27.2% | +29.1% |
| Zhiyang Innovation Technology 688191.SS | China | $753M | -53% | -2% | -8% | 5.2× | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 0.3× | n/a | n/a |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | 4.3× | n/a | n/a |
| ShenZhen Consys Science & Technology 688788.SS | China | $746M | -41% | -22% | -173% | 22.2× | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | 18.6× | n/a | n/a |