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← CockpitCompetitor Analysis › 3416.TW Winmate Inc.Open in the cockpit ↗

Winmate Inc.3416.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Production Equipment
Momentum neutral 56
Mkt cap
$376M
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$2.61M
20-day average traded
Fwd P/E
15.4×
forward earnings
ROIC−WACC
+15.9 pp
WACC 5.0%
Hurdle
-16 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · TWDNT$147.00
1D-2.3%
1W-13.5%
1M-12.8%
3M-7.8%
6M-5.5%
YTD-1.7%
1Y-12.5%
ATR %4.7%
52w lowhigh26.5% off high

What Winmate does

No business profile yet.

Winmate at a glance

Size Winmate (3416.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $376M, the 551st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$147.00 on 6 Nov 2026.

Performance Over six months the shares fell 5.5%, against -26.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 27.4% over the last twelve months (peer median +10.2%); the operating margin is 17.7% (peer median 0.1%).

Valuation It trades at 15.4× forward earnings against a peer median of 15.3× (4th most expensive of 8).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -16 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 15.9 points above its cost of capital (5.0% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20263416.TW 93Peer median 74
Six months, rebased to 100: Winmate against the median of its 20 peers (local-currency closes).

Winmate financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$4.14BNT$3.64BNT$3.06BNT$2.60BNT$2.66B
Revenue growth—+19%+18%-2%—
Gross profitNT$1.52BNT$1.39BNT$1.20BNT$1.03BNT$928M
EBITDANT$840MNT$783MNT$655MNT$613MNT$534M
Net incomeNT$693MNT$591MNT$559MNT$506MNT$452M
Free cash flowNT$380MNT$452MNT$383MNT$370MNT$182M
Capital expenditureNT$33.9MNT$42.6MNT$312MNT$257MNT$169M
Total debtNT$465MNT$465MNT$501MNT$120MNT$466M

Quarterly statements and history in the cockpit →

Winmate 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%-30%-20%-10%197030138600272900219924023624F3C370169993004600029520029086886823005436052180710NOTE3008753416.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Winmate is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×50×100×150×19702402F3C69996886820710NOTE3416.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Winmate is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%19703013860027293624F3C37016999300460002952002908NOTE3008753416.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Winmate is the large dot.

Winmate competitors and peer comparison

How Winmate 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.

Winmate against its 20 peers (data as of 6 Nov 2026)
Measure3416.TWPeer medianRank in peer set
1-month return-12.8%-8.8%9th lowest of 21
6-month return-5.5%-26.8%3rd highest of 21
Distance from 52-week high-26.5%-44.0%3rd highest of 21
Revenue growth (TTM)+27.4%+10.2%4th highest of 21
Operating margin17.7%0.1%2nd highest of 21
Forward P/E15.4×15.3×4th most expensive of 8
Growth the price implies (Req g, 7 yrs)-1.8%17.3%2nd least demanding of 14
Growth delivered (Del g)+14.6%+7.2%5th highest of 14
Hurdle (Req g minus delivered)-16.4 pp+6.9 pp2nd least demanding of 14
ROIC minus cost of capital+15.9 pp-6.5 pphighest of 20
EV / EBITDA13.9×10.7×4th most expensive of 8
Net debt / EBITDA-0.9×-2.0×6th most indebted of 12

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
Winmate 3416.TWTaiwan$376M-5%+27%18%15.4×-1.8%+14.6%
IMAX China 1970.HKHong Kong$374M+11%-17%36%11.0×-7.2%+14.5%
Suzhou Future Electrical 301386.SZChina$388M-27%+2%12%n/a15.9%+3.4%
Hollyland (China) Electronics Technology 002729.SZChina$361M-32%+14%8%n/a24.2%+20.2%
Zhejiang East Crystal Electronic 002199.SZChina$352M-6%+202%-5%n/an/an/a
ICHIA Technologies 2402.TWTaiwan$405M-38%+13%6%37.5×n/an/a
Viking Tech 3624.TWOTaiwan$344M+77%+14%12%n/a30.5%+4.7%
SFC Energy F3C.DEGermany$343M-16%+3%13%18.0×8.9%+21.9%
FIC Global 3701.TWTaiwan$341M-29%-28%-6%n/a31.2%+5.8%
Koa 6999.TJapan$415M-6%+22%7%7.4×12.7%+7.5%
Guangdong Faith Long Crystal Technology 300460.SZChina$339M-14%+11%-18%n/a9.5%+7.2%
Yes Optoelectronics (Group) 002952.SZChina$423M-38%+14%3%n/a21.7%+14.8%
Inventronics (Hangzhou) 300582.SZChina$424M-35%-4%-20%n/an/an/a
Guangdong Tecsun Science & Technology 002908.SZChina$425M-22%-14%-11%n/a28.9%-0.1%
Shanghai Hollywave Electronic System 688682.SSChina$426M-42%+29%-12%154.8×17.3%+5.7%
Shenzhen Longood Intelligent Electronic 300543.SZChina$329M-26%+2%-1%n/an/an/a
Shenzhen Zowee Tech 002369.SZChina$431M-30%-8%-15%n/an/an/a
Ways Electron 605218.SSChina$431M-30%+20%-2%n/an/an/a
BOE Varitronix 0710.HKHong Kong$321M-27%+3%2%6.9×n/an/a
Note NOTE.STSweden$445M-12%+9%9%15.3×0.0%+15.3%
Tianjin Jieqiang Power Equipment 300875.SZChina$451M-23%+143%-28%n/a27.9%+3.5%

Questions

Which companies are Winmate's closest peers?
The cockpit's peer set: IMAX China (1970.HK), Suzhou Future Electrical (301386.SZ), Hollyland (China) Electronics Technology (002729.SZ), Zhejiang East Crystal Electronic (002199.SZ), ICHIA Technologies (2402.TW), Viking Tech (3624.TWO), SFC Energy (F3C.DE), FIC Global (3701.TW).
Is Winmate expensive compared with its peers?
On forward p/e it trades at 15.4× against a peer median of 15.3×, 4th most expensive of 8 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -16 pp: the price already allows for a slowdown.
How has Winmate stock performed?
Over six months to 6 Nov 2026 the shares returned -5.5% against -26.8% for the median peer; over one year -12.5%.

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.