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Size Argosy Research (3217.TWO) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $294M, the 659th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$108.00 on 6 Nov 2026.
Performance Over six months the shares fell 37.9%, against -20.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 2.3% over the last twelve months (peer median +5.2%); the operating margin is 30.5% (peer median 4.7%).
Valuation It trades at 8.5× forward earnings against a peer median of 13.9× (cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 30.1 points above its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$4.07B | NT$4.15B | NT$3.47B | NT$3.00B | NT$2.61B |
| Revenue growth | — | +19% | +16% | +15% | — |
| Gross profit | NT$1.99B | NT$2.07B | NT$1.74B | NT$1.40B | NT$1.02B |
| EBITDA | NT$1.37B | NT$1.43B | NT$1.20B | NT$960M | NT$670M |
| Net income | NT$1.14B | NT$1.14B | NT$1.01B | NT$729M | NT$611M |
| Free cash flow | NT$945M | NT$1.04B | NT$873M | NT$544M | NT$730M |
| Capital expenditure | NT$233M | NT$218M | NT$138M | NT$221M | NT$147M |
| Total debt | NT$14.7M | NT$10.4M | NT$15.2M | NT$16.8M | NT$49.9M |
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.
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 | 3217.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.3% | -14.7% | 10th lowest of 21 |
| 6-month return | -37.9% | -20.0% | 6th lowest of 21 |
| Distance from 52-week high | -49.1% | -38.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +2.3% | +5.2% | 7th lowest of 21 |
| Operating margin | 30.5% | 4.7% | highest of 21 |
| Forward P/E | 8.5× | 13.9× | cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -8.6% | -2.7% | 3rd least demanding of 8 |
| Growth delivered (Del g) | +9.8% | +2.9% | highest of 8 |
| Hurdle (Req g minus delivered) | -18.4 pp | -5.6 pp | least demanding of 8 |
| ROIC minus cost of capital | +30.1 pp | -3.0 pp | 2nd highest of 21 |
| EV / EBITDA | 5.5× | 9.1× | 4th cheapest of 13 |
| Net debt / EBITDA | -1.7× | -2.2× | 8th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Argosy Research 3217.TWO | Taiwan | $294M | -38% | +2% | 30% | 8.5× | -8.6% | +9.8% |
| D-Link 2332.TW | Taiwan | $297M | +15% | +3% | -1% | n/a | n/a | n/a |
| Truly International 0732.HK | Hong Kong | $300M | -21% | -11% | 4% | n/a | -14.9% | -5.7% |
| TienPin United Enterprise 6199.TWO | Taiwan | $305M | +78% | +577% | 30% | n/a | n/a | n/a |
| Gigastorage 2406.TW | Taiwan | $310M | -11% | +83% | 2% | n/a | n/a | n/a |
| G.tech Technology 301503.SZ | China | $313M | -27% | +28% | 4% | n/a | n/a | n/a |
| Aten International 6277.TW | Taiwan | $276M | +7% | +6% | 14% | 14.3× | -7.6% | +0.4% |
| ADTRAN ADTN | United States | $329M | -73% | +10% | 0% | 12.9× | n/a | n/a |
| Shenzhen Zhongheng Huafa 000020.SZ | China | $332M | -31% | -25% | 5% | n/a | 26.4% | +4.4% |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | n/a | n/a | n/a |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 44.3× | n/a | n/a |
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | n/a | 12.4% | +6.2% |
| 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 |
| Aztech Global 8AZ.SI | Singapore | $212M | -64% | -8% | 9% | 13.5× | 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 |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 9.3× | -10.5% | -2.0% |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |