Taiwanese maker of machine-vision and automated optical inspection (AOI) systems for electronics manufacturing quality control.
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.
Moat: narrow (process know-how, IP / patents). Machine-vision algorithm and hardware know-how qualified into electronics quality-control lines.
Headquarters: Taiwan · Employees: 526
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$3.67B | NT$3.19B | NT$1.53B | NT$1.76B | NT$2.10B |
| Revenue growth | — | +108% | -13% | -16% | — |
| Gross profit | NT$2.18B | NT$1.93B | NT$854M | NT$1.01B | NT$1.18B |
| EBITDA | NT$1.40B | NT$1.20B | NT$290M | NT$500M | NT$676M |
| Net income | NT$1.19B | NT$1.01B | NT$321M | NT$426M | NT$597M |
| Free cash flow | NT$927M | NT$801M | NT$312M | NT$477M | NT$735M |
| Capital expenditure | NT$136M | NT$54.5M | NT$33.6M | NT$24.8M | NT$4.30M |
| Total debt | NT$73.6M | NT$76.4M | NT$89.4M | NT$86.7M | NT$258M |
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 |
|---|---|---|---|---|---|---|
| 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% |
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 | 3563.TW | Peer median | Rank 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 margin | 37.2% | 5.3% | highest of 20 |
| Forward P/E | 26.2× | 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 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +44.7 pp | -2.5 pp | 2nd highest of 20 |
| EV / EBITDA | 22.8× | 8.0× | most expensive of 4 |
| Net debt / EBITDA | -2.8× | 0.9× | least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MACHVISION 3563.TW | Taiwan | $1.08B | -36% | +17% | 37% | 26.2× | 7.5% | +5.9% |
| Linco Technology 3644.TWO | Taiwan | $1.08B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sunonwealth Electric Machine Industry 2421.TW | Taiwan | $1.08B | -16% | +21% | 16% | 9.6× | -2.5% | +7.9% |
| Lanzhou LS Heavy Equipment 603169.SS | China | $1.09B | -34% | -29% | -19% | 34.6× | n/a | n/a |
| Guangzhou Goaland Energy Conservation Tech 300499.SZ | China | $1.06B | -40% | +28% | 5% | 51.7× | n/a | n/a |
| Hangzhou XZB Tech 603040.SS | China | $1.06B | -34% | +4% | 34% | 26.2× | 18.2% | +16.5% |
| Longhua Technology Group (Luoyang) Co 300263.SZ | China | $1.10B | -29% | +12% | 5% | 36.4× | 28.8% | +11.1% |
| PNC Process Systems 603690.SS | China | $1.10B | -23% | -36% | -48% | 19.6× | 32.9% | +15.4% |
| Guangzhou KDT Machinery 002833.SZ | China | $1.05B | -20% | +19% | 20% | 13.4× | 1.5% | +7.6% |
| Guangzhou Risong Intelligent Technology 688090.SS | China | $1.10B | -19% | +61% | 4% | 132.3× | 43.8% | +3.4% |
| Nikkiso 6376.T | Japan | $1.05B | -5% | +11% | 8% | 10.0× | 6.3% | +6.3% |
| Tanac Automation 300461.SZ | China | $1.11B | -18% | +126% | 6% | n/a | n/a | n/a |
| Ningbo Cixing 300307.SZ | China | $1.05B | +24% | +31% | 9% | n/a | 11.0% | +9.5% |
| Gudeng Precision Industrial 3680.TWO | Taiwan | $1.11B | -34% | +19% | 15% | 21.0× | n/a | n/a |
| Neway CNC Equipment (Suzhou) 688697.SS | China | $1.11B | -7% | +31% | 10% | 18.6× | 19.5% | +19.9% |
| MayAir Technology (China) 688376.SS | China | $1.04B | -27% | +7% | 9% | 28.2× | n/a | n/a |
| Ningbo Kangqiang Electronics 002119.SZ | China | $1.04B | -12% | +49% | 5% | n/a | n/a | n/a |
| AA Industrial Belting (Shanghai) 603580.SS | China | $1.12B | +193% | +98% | 0% | n/a | n/a | n/a |
| Suzhou SLAC Precision Equipment 300382.SZ | China | $1.04B | -31% | +11% | -4% | 67.4× | n/a | n/a |
| Nanfang Pump Industry 300145.SZ | China | $1.12B | -19% | +9% | 4% | 21.8× | 12.7% | +4.6% |
| Zhejiang Dayuan Pumps Industry 603757.SS | China | $1.12B | -19% | -8% | 3% | 30.0× | 45.8% | +6.5% |