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Taiwanese maker of industrial and embedded computers used in factory automation, medical and gaming equipment.
Taiwanese maker of industrial and embedded computers used in factory automation, medical and gaming equipment.
Sells industrial boards and PCs, either standard or modified to a customer's need, to integrators who design them into their machines and tend to keep buying for the product's life. It reaches customers through a global network of distributors and integrators, which suits its many small, specialised orders.
In one line: A small Taiwan Advantech (industrial PCs).
Moat: narrow (process know-how, distribution). Long-cycle industrial-computing qualification and a global distributor network.
Headquarters: New Taipei City, Taiwan · Founded: 1992
Size IEI Integration (3022.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $405M, the 522nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$75.90 on 6 Nov 2026.
Performance Over six months the shares gained 1.2%, against -16.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +9.4%); the operating margin is 6.1% (peer median 3.8%).
Valuation It trades at 10.8× forward earnings against a peer median of 17.2× (3rd cheapest of 9).
Capital Return on invested capital runs 0.3 points below its cost of capital (5.5% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$7.16B | NT$6.51B | NT$6.84B | NT$7.58B | NT$7.94B |
| Revenue growth | — | -5% | -10% | -5% | — |
| Gross profit | NT$2.06B | NT$2.09B | NT$2.32B | NT$2.69B | NT$2.77B |
| EBITDA | NT$599M | NT$727M | NT$1.03B | NT$1.32B | NT$1.45B |
| Net income | NT$1.33B | NT$817M | NT$1.54B | NT$1.38B | NT$1.49B |
| Free cash flow | -NT$1.07B | -NT$357M | NT$774M | NT$1.74B | NT$1.79B |
| Capital expenditure | NT$860M | NT$902M | NT$131M | NT$120M | NT$220M |
| Total debt | NT$127M | NT$13.6M | NT$3.01M | NT$188M | NT$21.4M |
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 |
|---|---|---|---|---|---|---|
| IEI Integration 3022.TW | $405M | +1% | +3% | 6% | 10.8× | n/a |
| Advantech 2395.TW | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% |
| Kontron KTN.DE | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% |
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 | 3022.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.5% | -14.7% | 10th lowest of 21 |
| 6-month return | +1.2% | -16.2% | 8th highest of 21 |
| Distance from 52-week high | -34.9% | -38.9% | 8th highest of 21 |
| Revenue growth (TTM) | +3.1% | +9.4% | 6th lowest of 21 |
| Operating margin | 6.1% | 3.8% | 9th highest of 21 |
| Forward P/E | 10.8× | 17.2× | 3rd cheapest of 9 |
| ROIC minus cost of capital | -0.3 pp | -3.4 pp | 7th highest of 21 |
| EV / EBITDA | 14.0× | 9.1× | 6th most expensive of 13 |
| Net debt / EBITDA | -8.8× | 0.1× | 3rd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 10.8× | n/a | n/a |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | n/a | n/a | n/a |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 16.2× | -2.7% | +2.9% |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | n/a | 38.7% | +7.9% |
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 26.9× | n/a | n/a |
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | n/a | 12.4% | +6.2% |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 44.3× | n/a | n/a |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 9.3× | -10.5% | -2.0% |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | n/a | n/a | n/a |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| Shenzhen Zhongheng Huafa 000020.SZ | China | $332M | -31% | -25% | 5% | n/a | 26.4% | +4.4% |
| ADTRAN ADTN | United States | $329M | -73% | +10% | 0% | 12.9× | n/a | n/a |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| Shenzhen Fluence Technology 300647.SZ | China | $517M | +7% | +12% | -20% | n/a | n/a | n/a |
| Taiwan Semiconductor 5425.TWO | Taiwan | $520M | +7% | +5% | 9% | 18.3× | 7.6% | +11.6% |
| Backblaze BLZE | United States | $523M | +10% | +17% | -4% | 26.7× | 12.7% | +22.1% |
| G.tech Technology 301503.SZ | China | $313M | -27% | +28% | 4% | n/a | n/a | n/a |
| Gigastorage 2406.TW | Taiwan | $310M | -11% | +83% | 2% | n/a | n/a | n/a |
| TienPin United Enterprise 6199.TWO | Taiwan | $305M | +78% | +577% | 30% | n/a | n/a | n/a |
| Truly International 0732.HK | Hong Kong | $300M | -21% | -11% | 4% | n/a | -14.9% | -5.7% |