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← CockpitCompetitor Analysis › 3380.TW Alpha Networks Inc.Open in the cockpit ↗

Alpha Networks Inc.3380.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Peripherals

Taiwanese ODM of broadband networking gear (routers, gateways, Wi-Fi CPE) spun off from D-Link Group.

≈ A Taiwan ODM analogue to Arris/CommScope's CPE businessMomentum neutral 40
Mkt cap
$437M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$2.10M
20-day average traded
Fwd P/E
26.9×
forward earnings
ROIC−WACC
-3.9 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
116 days
2 Mar 2027
Close · TWDNT$26.65
1D-4.0%
1W-13.2%
1M-14.9%
3M-8.9%
6M-23.3%
YTD-15.0%
1Y-18.6%
ATR %5.0%
52w lowhigh39.4% off high

What Alpha Networks does

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.

Products and services

  • Broadband routers/gateways
  • Wi-Fi CPE
  • Enterprise networking equipment

Customers

  • Telecom carriers
  • D-Link
  • Networking brands (ODM contracts)

Where it sits in the supply chain

  • Information technology
  • Networking hardware ODM
  • Broadband CPE, routers, gateways

What could go right

  • Broadband/Wi-Fi upgrade cycles
  • Carrier CPE refresh

What could go wrong

  • Customer/telecom capex concentration
  • ODM margin pressure

Moat: none (scale). Contract ODM manufacturer competing on cost/execution rather than owned brand.

Headquarters: Hsinchu, Taiwan · Founded: 1995

Named competitors

Alpha Networks at a glance

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).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 883380.TW 84
Six months, rebased to 100: Alpha Networks against the median of its 20 peers (local-currency closes).

Alpha Networks financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$24.0BNT$22.5BNT$21.4BNT$28.3BNT$33.6B
Revenue growth—+5%-24%-16%—
Gross profitNT$4.11BNT$3.39BNT$3.46BNT$4.74BNT$5.79B
EBITDANT$1.04BNT$612MNT$832MNT$1.60BNT$2.42B
Net incomeNT$67.8M-NT$194MNT$219MNT$548MNT$917M
Free cash flow-NT$2.92BNT$486MNT$650MNT$2.05BNT$610M
Capital expenditureNT$398MNT$273MNT$686MNT$752MNT$1.28B
Total debtNT$7.83BNT$3.48BNT$2.39BNT$2.17BNT$4.21B

Quarterly statements and history in the cockpit →

Alpha Networks competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%3005466413667661883022300311000509628754433006475425BLZE5309300609SSYS300248QMCO6727000020ADTN3380.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Alpha Networks is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%20×40×64136676302262875425BLZE5309SSYS300248QMCO6727ADTN3380.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Alpha Networks is the large dot.

Alpha Networks competitors and peer comparison

Head to head with its named competitors (3380.TW vs 3596.TW vs 5388.TW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq 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

How Alpha Networks compares with its peers

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.

Alpha Networks against its 20 peers (data as of 6 Nov 2026)
Measure3380.TWPeer medianRank 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 margin1.2%4.0%9th lowest of 21
Forward P/E26.9×17.2×5th most expensive of 13
ROIC minus cost of capital-3.9 pp-3.4 pp9th lowest of 20
Net debt / EBITDA3.2×-0.8×2nd most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Alpha Networks 3380.TWTaiwan$437M-23%+11%1%26.9×n/an/a
Shenzhen Emperor Technology 300546.SZChina$434M-22%+8%3%n/a38.7%+7.9%
Riso Kagaku 6413.TJapan$418M+3%+5%6%16.2×-2.7%+2.9%
Buffalo 6676.TJapan$458M+23%-19%8%9.3×-10.5%-2.0%
Quanta Storage 6188.TWOTaiwan$409M-45%+3%7%n/an/an/a
IEI Integration 3022.TWTaiwan$405M+1%+3%6%10.8×n/an/a
Surfilter Network Technology 300311.SZChina$488M-11%+15%7%n/an/an/a
Huasu 000509.SZChina$502M-13%-23%-2%n/an/an/a
Sato 6287.TJapan$508M+19%+10%7%9.9×-11.3%+8.4%
Gallant Precision Machining 5443.TWOTaiwan$374M-44%+12%12%n/a12.4%+6.2%
Shenzhen Fluence Technology 300647.SZChina$517M+7%+12%-20%n/an/an/a
Taiwan Semiconductor 5425.TWOTaiwan$520M+7%+5%9%18.3×7.6%+11.6%
Backblaze BLZEUnited States$523M+10%+17%-4%26.7×12.7%+22.1%
Sysgration 5309.TWOTaiwan$360M-19%+9%-4%44.3×n/an/a
Winner Technology 300609.SZChina$341M-53%-6%-41%n/an/an/a
Stratasys SSYSUnited States$565M-25%-3%-14%45.9×n/an/a
Newcapec Electronics 300248.SZChina$567M-17%+1%1%32.0×21.5%+0.9%
Quantum QMCOUnited States$570M+100%+11%0%27.1×n/an/a
Wacom 6727.TJapan$570M-6%-3%13%9.3×-6.0%+0.3%
Shenzhen Zhongheng Huafa 000020.SZChina$332M-31%-25%5%n/a26.4%+4.4%
ADTRAN ADTNUnited States$329M-73%+10%0%12.9×n/an/a

Questions

Who are Alpha Networks's main competitors?
Named competitors: Arcadyan Technology (3596.TW), Sercomm (5388.TW). The cockpit's measured peer set (industry) also includes Shenzhen Emperor Technology (300546.SZ), Riso Kagaku (6413.T), Buffalo (6676.T), Quanta Storage (6188.TWO), IEI Integration (3022.TW), Surfilter Network Technology (300311.SZ).
Is Alpha Networks expensive compared with its peers?
On forward p/e it trades at 26.9× against a peer median of 17.2×, 5th most expensive of 13 in its peer set.
How has Alpha Networks stock performed?
Over six months to 6 Nov 2026 the shares returned -23.3% against -12.0% for the median peer; over one year -18.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.