Taiwanese ODM of broadband networking gear (routers, gateways, Wi-Fi CPE) spun off from D-Link Group.
Taiwanese ODM of broadband networking gear (routers, gateways, Wi-Fi CPE) spun off from D-Link Group.
Builds networking equipment that carriers and brands sell under their own names, paid per unit under programmes won on cost and delivery, so volume rides a few customers' product refresh cycles. D-Link, from which it was spun off, remains a customer.
In one line: A Taiwan ODM analogue to Arris/CommScope's CPE business.
Moat: none (scale). Contract ODM manufacturer competing on cost/execution rather than owned brand.
Headquarters: Hsinchu, Taiwan · Founded: 1995
Size Alpha Networks (3380.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $437M, the 495th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$26.65 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -12.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +5.1%); the operating margin is 1.2% (peer median 4.0%).
Valuation It trades at 26.9× forward earnings against a peer median of 17.2× (5th most expensive of 13).
Capital Return on invested capital runs 3.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$24.0B | NT$22.5B | NT$21.4B | NT$28.3B | NT$33.6B |
| Revenue growth | — | +5% | -24% | -16% | — |
| Gross profit | NT$4.11B | NT$3.39B | NT$3.46B | NT$4.74B | NT$5.79B |
| EBITDA | NT$1.04B | NT$612M | NT$832M | NT$1.60B | NT$2.42B |
| Net income | NT$67.8M | -NT$194M | NT$219M | NT$548M | NT$917M |
| Free cash flow | -NT$2.92B | NT$486M | NT$650M | NT$2.05B | NT$610M |
| Capital expenditure | NT$398M | NT$273M | NT$686M | NT$752M | NT$1.28B |
| Total debt | NT$7.83B | NT$3.48B | NT$2.39B | NT$2.17B | NT$4.21B |
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 |
|---|---|---|---|---|---|---|
| Alpha Networks 3380.TW | $437M | -23% | +11% | 1% | 26.9× | n/a |
| Arcadyan Technology 3596.TW | $900M | -17% | +6% | 6% | 9.8× | n/a |
| Sercomm 5388.TW | $591M | -19% | +34% | 3% | 9.3× | 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 | 3380.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.9% | -19.3% | 9th highest of 21 |
| 6-month return | -23.3% | -12.0% | 7th lowest of 21 |
| Distance from 52-week high | -39.4% | -45.4% | 10th highest of 21 |
| Revenue growth (TTM) | +10.8% | +5.1% | 6th highest of 21 |
| Operating margin | 1.2% | 4.0% | 9th lowest of 21 |
| Forward P/E | 26.9× | 17.2× | 5th most expensive of 13 |
| ROIC minus cost of capital | -3.9 pp | -3.4 pp | 9th lowest of 20 |
| Net debt / EBITDA | 3.2× | -0.8× | 2nd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 26.9× | n/a | n/a |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | n/a | 38.7% | +7.9% |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 16.2× | -2.7% | +2.9% |
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 9.3× | -10.5% | -2.0% |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | n/a | n/a | n/a |
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 10.8× | n/a | n/a |
| 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 |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | n/a | 12.4% | +6.2% |
| 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% |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 44.3× | n/a | n/a |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | n/a | n/a | n/a |
| Stratasys SSYS | United States | $565M | -25% | -3% | -14% | 45.9× | n/a | n/a |
| Newcapec Electronics 300248.SZ | China | $567M | -17% | +1% | 1% | 32.0× | 21.5% | +0.9% |
| Quantum QMCO | United States | $570M | +100% | +11% | 0% | 27.1× | n/a | n/a |
| Wacom 6727.T | Japan | $570M | -6% | -3% | 13% | 9.3× | -6.0% | +0.3% |
| 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 |