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Size Zyxel (3704.TW) is a Taiwan Information Technology company (Computer Communications) with a market value of $414M, the 511th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$33.75 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -14.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 4.9% over the last twelve months (peer median +6.4%); the operating margin is 5.2% (peer median -2.6%).
Valuation It trades at 9.1× forward earnings against a peer median of 14.3× (3rd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.9 points above its cost of capital (5.5% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$28.5B | NT$25.3B | NT$26.0B | NT$30.4B | NT$30.5B |
| Revenue growth | — | -3% | -15% | 0% | — |
| Gross profit | NT$7.42B | NT$6.42B | NT$6.15B | NT$6.41B | NT$6.74B |
| EBITDA | n/a | NT$1.36B | NT$908M | NT$1.75B | NT$2.26B |
| Net income | NT$1.29B | NT$634M | NT$570M | NT$1.34B | NT$1.62B |
| Free cash flow | n/a | NT$71.5M | -NT$2.42B | NT$3.45B | -NT$329M |
| Capital expenditure | n/a | NT$584M | NT$988M | NT$254M | NT$533M |
| Total debt | n/a | NT$3.75B | NT$3.53B | NT$3.19B | NT$5.68B |
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.
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 | 3704.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.7% | -10.2% | 10th lowest of 21 |
| 6-month return | -3.6% | -14.7% | 9th highest of 21 |
| Distance from 52-week high | -34.3% | -33.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +4.9% | +6.4% | 9th lowest of 21 |
| Operating margin | 5.2% | -2.6% | 7th highest of 21 |
| Forward P/E | 9.1× | 14.3× | 3rd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | 23.1% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +2.6% | +4.2% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -8.3 pp | +13.6 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +3.9 pp | -10.3 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zyxel 3704.TW | Taiwan | $414M | -4% | +5% | 5% | 9.1× | -5.7% | +2.6% |
| Allot ALLT | United States | $422M | +10% | +14% | 7% | 24.2× | 23.1% | -5.6% |
| Wanma Technology 300698.SZ | China | $397M | -48% | +6% | 3% | 30.8× | 32.9% | +8.5% |
| Zhongfu Information 300659.SZ | China | $384M | -24% | -28% | -27% | 7.2× | 35.0% | -6.1% |
| Beijing Bohui Science & Technology 688004.SS | China | $455M | +63% | -33% | -42% | n/a | 39.5% | -9.9% |
| Wuhan Ligong Guangke 300557.SZ | China | $461M | -28% | +3% | 5% | n/a | 31.7% | +11.1% |
| Yarward Electronics 301337.SZ | China | $360M | -16% | +20% | -10% | n/a | n/a | n/a |
| Big Technologies BIG.L | United Kingdom | $353M | -14% | +7% | -36% | 14.0× | n/a | n/a |
| Dnake (Xiamen) Intelligent Technology 300884.SZ | China | $351M | -27% | +6% | -8% | 47.0× | n/a | n/a |
| Cheng Uei Precision Industry 2392.TW | Taiwan | $499M | -8% | -10% | -12% | n/a | n/a | n/a |
| Beijing Transtrue Technology 002771.SZ | China | $334M | -28% | -43% | -18% | n/a | -0.5% | -11.0% |
| Guangdong Weide Information Technology 688171.SS | China | $334M | -48% | +39% | 2% | n/a | n/a | n/a |
| Sekisui Jushi 4212.T | Japan | $516M | +28% | +5% | 7% | n/a | 1.8% | +3.8% |
| SOLiD 050890.KS | South Korea | $321M | -57% | +10% | 10% | 11.6× | 2.0% | +11.5% |
| Guangdong Anjubao Digital Technology 300155.SZ | China | $320M | -24% | -26% | -42% | n/a | n/a | n/a |
| Jiangsu Yunyong Electronics and Technology 688060.SS | China | $312M | -27% | +7% | -10% | n/a | n/a | n/a |
| SmartRent SMRT | United States | $305M | +42% | +4% | -12% | n/a | 37.3% | +23.7% |
| Zero One Technology 3029.TW | Taiwan | $566M | +10% | +76% | 6% | 14.3× | -9.2% | +20.4% |
| Kernex Microsystems India KERNEX.NS | India | $303M | +12% | +304% | 33% | n/a | n/a | n/a |
| Nippon Signal 6741.T | Japan | $645M | -3% | +10% | 11% | 8.8× | -7.9% | +4.2% |
| Guangdong Champion Asia Electronics 603386.SS | China | $670M | +3% | +15% | 3% | 36.2× | n/a | n/a |