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ODM maker of broadband gateways, WiFi routers and networking equipment for telecom carriers, part of the Compal group.
ODM maker of broadband gateways, WiFi routers and networking equipment for telecom carriers, part of the Compal group.
Designs and builds devices that carriers hand to subscribers under their own brand, so it is paid per unit shipped on programmes won with each carrier, and volumes swing with carriers' upgrade cycles. Because the carrier's brand goes on the box, the company stays largely invisible to the end user.
Moat: narrow (customer qualification, process know-how). Long-standing carrier ODM relationships and Compal Group manufacturing scale.
Headquarters: Hsinchu, Taiwan · Founded: 1993
Size Arcadyan Technology (3596.TW) is a Taiwan Information Technology company (Telecommunications Equipment) with a market value of $900M, the 288th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$136.50 on 6 Nov 2026.
Performance Over six months the shares fell 17.3%, against -32.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 6.1% over the last twelve months (peer median +5.1%); the operating margin is 6.5% (peer median -3.3%).
Valuation It trades at 9.8× forward earnings against a peer median of 39.8× (2nd cheapest of 12).
Capital Return on invested capital runs 26.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$53.5B | NT$53.0B | NT$49.0B | NT$51.2B | NT$47.2B |
| Revenue growth | — | +8% | -4% | +8% | — |
| Gross profit | NT$7.94B | NT$7.88B | NT$7.19B | NT$7.17B | NT$6.39B |
| EBITDA | NT$4.25B | NT$4.26B | NT$3.86B | NT$4.01B | NT$2.93B |
| Net income | NT$2.87B | NT$2.78B | NT$2.49B | NT$2.42B | NT$2.01B |
| Free cash flow | -NT$2.90B | NT$3.01B | NT$7.74B | NT$4.41B | NT$970M |
| Capital expenditure | NT$788M | NT$831M | NT$1.04B | NT$1.27B | NT$1.54B |
| Total debt | NT$2.10B | NT$203M | NT$1.22B | NT$2.00B | NT$4.58B |
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 |
|---|---|---|---|---|---|---|
| Arcadyan Technology 3596.TW | $900M | -17% | +6% | 6% | 9.8× | n/a |
| WNC 6285.TW | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% |
| 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 | 3596.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.5% | -9.8% | 10th lowest of 20 |
| 6-month return | -17.3% | -32.1% | 6th highest of 20 |
| Distance from 52-week high | -37.4% | -52.1% | 5th highest of 20 |
| Revenue growth (TTM) | +6.1% | +5.1% | 10th highest of 21 |
| Operating margin | 6.5% | -3.3% | 5th highest of 21 |
| Forward P/E | 9.8× | 39.8× | 2nd cheapest of 12 |
| ROIC minus cost of capital | +26.6 pp | -7.9 pp | 2nd highest of 20 |
| EV / EBITDA | 5.2× | 17.3× | cheapest of 5 |
| Net debt / EBITDA | -1.9× | -0.7× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 9.8× | n/a | n/a |
| Chengdu Spaceon Electronics 002935.SZ | China | $909M | -37% | +1% | 5% | 43.5× | 49.9% | +1.3% |
| Wuhan Fingu Electronic Technology 002194.SZ | China | $914M | -19% | -9% | -2% | n/a | n/a | n/a |
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | n/a | n/a | n/a |
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | n/a | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 47.2× | n/a | n/a |
| Synspective 290A.T | Japan | $950M | -16% | +5% | -196% | 52.9× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | n/a | n/a | n/a |
| santec 6777.T | Japan | $984M | -53% | +45% | 33% | 15.5× | 23.5% | +33.2% |
| Huizhou Speed Wireless Technology 300322.SZ | China | $991M | -52% | +25% | 3% | 62.4× | n/a | n/a |
| Nanjing Panda Electronics 600775.SS | China | $992M | -27% | +30% | -7% | n/a | n/a | n/a |
| Invisio IVSO.ST | Sweden | $1.00B | -15% | +24% | 18% | 39.8× | 13.2% | +26.7% |
| Sumavision Technologies 300079.SZ | China | $1.01B | -14% | -6% | -8% | n/a | n/a | n/a |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 11.6× | 10.0% | -1.0% |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 32.0× | 27.2% | +29.1% |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | n/a | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | n/a | n/a | n/a |
| Shenzhen Coship Electronics 002052.SZ | China | $757M | -34% | -75% | -5% | n/a | n/a | n/a |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 14.7× | n/a | n/a |
| Zhiyang Innovation Technology 688191.SS | China | $753M | -53% | -2% | -8% | 57.9× | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 6.2× | n/a | n/a |