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← CockpitCompetitor Analysis › 3563.TW MACHVISION, Inc.Open in the cockpit ↗

MACHVISION, Inc.3563.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Industrial Machinery

Taiwanese maker of machine-vision and automated optical inspection (AOI) systems for electronics manufacturing quality control.

≈ A Taiwanese machine-vision inspection specialistMomentum weak 23
Mkt cap
$1.08B
US dollars, full cap
Free float
58%
of shares outstanding
$/day
$12.3M
20-day average traded
Fwd P/E
26.2×
forward earnings
ROIC−WACC
+44.7 pp
WACC 6.3%
Hurdle
+2 pp
Req g minus delivered
Next earnings
102 days
16 Feb 2027
Close · TWDNT$557.00
1D-4.6%
1W-18.1%
1M-27.4%
3M-14.0%
6M-35.9%
YTD+5.5%
1Y+14.1%
ATR %6.9%
52w lowhigh44.1% off high

What MACHVISION does

Taiwanese maker of machine-vision and automated optical inspection (AOI) systems for electronics manufacturing quality control.

Sells inspection machines to factories one line at a time, so revenue follows customers' spending on new production lines rather than steady repeat orders. Its systems are qualified into a customer's line, which makes later machines for the same line more likely to be the same brand.

In one line: A Taiwanese machine-vision inspection specialist.

Products and services

  • Automated optical inspection systems
  • Machine-vision software

Customers

  • Electronics/PCB manufacturers
  • Semiconductor packaging houses

Where it sits in the supply chain

  • Information Technology hardware
  • Inspection equipment
  • Machine vision, AOI systems

What could go right

  • Electronics manufacturing automation/quality-control demand

What could go wrong

  • Electronics capex cyclicality

Moat: narrow (process know-how, IP / patents). Machine-vision algorithm and hardware know-how qualified into electronics quality-control lines.

Headquarters: Taiwan · Employees: 526

Named competitors

MACHVISION at a glance

Size MACHVISION (3563.TW) is a Taiwan Industrials company (Industrial Machinery) with a market value of $1.08B, the 257th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$557.00 on 6 Nov 2026.

Performance Over six months the shares fell 35.9%, against -19.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 20 in its peer set.

Growth Revenue grew 17.0% over the last twelve months (peer median +19.4%); the operating margin is 37.2% (peer median 5.3%).

Valuation It trades at 26.2× forward earnings against a peer median of 26.2× (8th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 44.7 points above its cost of capital (6.3% WACC).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 793563.TW 67
Six months, rebased to 100: MACHVISION against the median of its 20 peers (local-currency closes).

MACHVISION financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$3.67BNT$3.19BNT$1.53BNT$1.76BNT$2.10B
Revenue growth—+108%-13%-16%—
Gross profitNT$2.18BNT$1.93BNT$854MNT$1.01BNT$1.18B
EBITDANT$1.40BNT$1.20BNT$290MNT$500MNT$676M
Net incomeNT$1.19BNT$1.01BNT$321MNT$426MNT$597M
Free cash flowNT$927MNT$801MNT$312MNT$477MNT$735M
Capital expenditureNT$136MNT$54.5MNT$33.6MNT$24.8MNT$4.30M
Total debtNT$73.6MNT$76.4MNT$89.4MNT$86.7MNT$258M

Quarterly statements and history in the cockpit →

MACHVISION 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

0%+100%+200%-25%0%+25%2421603169300499603040688090637630046130030736806886976883766035803003823001456037573563.TW6-month return →1-month return →
Up and to the right = strong over both horizons. MACHVISION is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%0×50×100×2421603169300499603040300263603690002833688090637636806886976883763003826037573563.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MACHVISION is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%242160304030026360369000283368809063763003076886973001456037573563.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. MACHVISION is the large dot.

MACHVISION competitors and peer comparison

Head to head with its named competitors (3563.TW vs 3030.TW vs 2464.TW vs CGNX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
MACHVISION 3563.TW$1.08B-36%+17%37%26.2×7.5%
Test Research 3030.TW$1.44B-51%+32%40%n/a-2.5%
Mirle Automation 2464.TW$928M+19%-4%1%56.5×n/a
Cognex CGNX$8.04B-27%+17%22%24.8×25.6%

How MACHVISION 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.

MACHVISION against its 20 peers (data as of 6 Nov 2026)
Measure3563.TWPeer medianRank in peer set
1-month return-27.4%-18.0%5th lowest of 21
6-month return-35.9%-19.4%2nd lowest of 20
Distance from 52-week high-44.1%-47.1%10th highest of 21
Revenue growth (TTM)+17.0%+19.4%10th lowest of 20
Operating margin37.2%5.3%highest of 20
Forward P/E26.2×26.2×8th cheapest of 16
Growth the price implies (Req g, 7 yrs)7.5%18.2%4th least demanding of 12
Growth delivered (Del g)+5.9%+7.9%3rd lowest of 12
Hurdle (Req g minus delivered)+1.6 pp+1.7 pp6th least demanding of 12
ROIC minus cost of capital+44.7 pp-2.5 pp2nd highest of 20
EV / EBITDA22.8×8.0×most expensive of 4
Net debt / EBITDA-2.8×0.9×least indebted of 5

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
MACHVISION 3563.TWTaiwan$1.08B-36%+17%37%26.2×7.5%+5.9%
Linco Technology 3644.TWOTaiwan$1.08Bn/an/an/an/an/an/a
Sunonwealth Electric Machine Industry 2421.TWTaiwan$1.08B-16%+21%16%9.6×-2.5%+7.9%
Lanzhou LS Heavy Equipment 603169.SSChina$1.09B-34%-29%-19%34.6×n/an/a
Guangzhou Goaland Energy Conservation Tech 300499.SZChina$1.06B-40%+28%5%51.7×n/an/a
Hangzhou XZB Tech 603040.SSChina$1.06B-34%+4%34%26.2×18.2%+16.5%
Longhua Technology Group (Luoyang) Co 300263.SZChina$1.10B-29%+12%5%36.4×28.8%+11.1%
PNC Process Systems 603690.SSChina$1.10B-23%-36%-48%19.6×32.9%+15.4%
Guangzhou KDT Machinery 002833.SZChina$1.05B-20%+19%20%13.4×1.5%+7.6%
Guangzhou Risong Intelligent Technology 688090.SSChina$1.10B-19%+61%4%132.3×43.8%+3.4%
Nikkiso 6376.TJapan$1.05B-5%+11%8%10.0×6.3%+6.3%
Tanac Automation 300461.SZChina$1.11B-18%+126%6%n/an/an/a
Ningbo Cixing 300307.SZChina$1.05B+24%+31%9%n/a11.0%+9.5%
Gudeng Precision Industrial 3680.TWOTaiwan$1.11B-34%+19%15%21.0×n/an/a
Neway CNC Equipment (Suzhou) 688697.SSChina$1.11B-7%+31%10%18.6×19.5%+19.9%
MayAir Technology (China) 688376.SSChina$1.04B-27%+7%9%28.2×n/an/a
Ningbo Kangqiang Electronics 002119.SZChina$1.04B-12%+49%5%n/an/an/a
AA Industrial Belting (Shanghai) 603580.SSChina$1.12B+193%+98%0%n/an/an/a
Suzhou SLAC Precision Equipment 300382.SZChina$1.04B-31%+11%-4%67.4×n/an/a
Nanfang Pump Industry 300145.SZChina$1.12B-19%+9%4%21.8×12.7%+4.6%
Zhejiang Dayuan Pumps Industry 603757.SSChina$1.12B-19%-8%3%30.0×45.8%+6.5%

Questions

Who are MACHVISION's main competitors?
Named competitors: Test Research (3030.TW), Mirle Automation (2464.TW), Cognex (CGNX). The cockpit's measured peer set (industry) also includes Linco Technology (3644.TWO), Sunonwealth Electric Machine Industry (2421.TW), Lanzhou LS Heavy Equipment (603169.SS), Guangzhou Goaland Energy Conservation Tech (300499.SZ), Hangzhou XZB Tech (603040.SS), Longhua Technology Group (Luoyang) Co (300263.SZ).
Is MACHVISION expensive compared with its peers?
On forward p/e it trades at 26.2× against a peer median of 26.2×, 8th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has MACHVISION stock performed?
Over six months to 6 Nov 2026 the shares returned -35.9% against -19.4% for the median peer; over one year +14.1%.

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.