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← CockpitCompetitor Analysis › 3706.TW MiTAC Holdings Corp.Open in the cockpit ↗

MiTAC Holdings Corp.3706.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Processing Hardware

Taiwanese holding company spanning server/networking manufacturing (MiTAC Computing), GPS/navigation and real estate.

Momentum weak 37
Mkt cap
$2.98B
US dollars, full cap
Free float
82%
of shares outstanding
$/day
$17.6M
20-day average traded
Fwd P/E
8.8×
forward earnings
ROIC−WACC
-0.1 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
11 days
17 Nov 2026
Close · TWDNT$68.00
1D-3.8%
1W-11.5%
1M-15.4%
3M-19.1%
6M-16.3%
YTD-21.3%
1Y-27.1%
ATR %3.9%
52w lowhigh37.6% off high

What MiTAC does

Taiwanese holding company spanning server/networking manufacturing (MiTAC Computing), GPS/navigation and real estate.

Server building is the lead line, sold to cloud and telecom customers, with older navigation products and other holdings behind it. Part of the MiTAC-Synnex group led by Matthew Miau, a Taiwanese technology-distribution and electronics group.

Products and services

  • Server/networking ODM (MiTAC Computing)
  • GPS/navigation devices (via Mio/Navman)
  • Real estate/other investments

Customers

  • Cloud/server customers
  • Telecom equipment brands

Where it sits in the supply chain

  • Information technology
  • Diversified electronics holding
  • Servers/networking ODM, GPS devices

What could go right

  • Server/AI hardware demand

What could go wrong

  • Holding-company diversification discount
  • Thin ODM margins

Moat: none (scale). Diversified holding company; server ODM segment competes on cost/scale like peers.

Headquarters: Taoyuan, Taiwan · Founded: 1982

Named competitors

MiTAC at a glance

Size MiTAC (3706.TW) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $2.98B, the 128th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$68.00 on 6 Nov 2026.

Performance Over six months the shares fell 16.3%, against -20.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 18 in its peer set.

Growth Revenue grew 44.1% over the last twelve months (peer median +14.1%); the operating margin is 4.5% (peer median 1.8%).

Valuation It trades at 8.8× forward earnings against a peer median of 15.0× (cheapest of 15).

Capital Return on invested capital runs 0.1 points below its cost of capital (5.0% WACC).

Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20263706.TW 84Peer median 80
Six months, rebased to 100: MiTAC against the median of its 20 peers (local-currency closes).

MiTAC financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$128BNT$106BNT$61.4BNT$35.5BNT$47.8B
Revenue growth—+72%+73%-26%—
Gross profitNT$12.9BNT$11.8BNT$7.25BNT$4.38BNT$3.74B
EBITDANT$7.34BNT$6.69BNT$2.83BNT$1.18B-NT$50.5M
Net incomeNT$7.43BNT$6.84BNT$3.96BNT$1.78BNT$9.29B
Free cash flow-NT$22.3B-NT$1.62BNT$801MNT$4.24BNT$894M
Capital expenditureNT$4.98BNT$2.17BNT$797MNT$640MNT$1.01B
Total debtNT$37.4BNT$12.5BNT$3.06BNT$1.83BNT$4.49B

Quarterly statements and history in the cockpit →

MiTAC 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%+20%-20%0%V032353NATL300773RGTI3005QBTS2324000682002841INFQ68810000006660072823563001303001883706.TW6-month return →1-month return →
Up and to the right = strong over both horizons. MiTAC is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%25×50×75×V032353NATL300773300523240006820028416881000000666007283001303706.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MiTAC is the large dot.

MiTAC competitors and peer comparison

Head to head with its named competitors (3706.TW vs 2382.TW vs 6669.TW vs 2356.TW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
MiTAC 3706.TW$2.98B-16%+44%4%8.8×n/a
Quanta Computer 2382.TW$36.0B-10%+63%3%10.1×n/a
Wiwynn 6669.TW$26.3B+101%+84%7%9.6×n/a
Inventec 2356.TW$5.71B+12%+16%2%13.2×n/a

How MiTAC 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.

MiTAC against its 20 peers (data as of 6 Nov 2026)
Measure3706.TWPeer medianRank in peer set
1-month return-15.4%-6.9%7th lowest of 21
6-month return-16.3%-20.1%9th highest of 18
Distance from 52-week high-37.6%-40.5%10th highest of 21
Revenue growth (TTM)+44.1%+14.1%2nd highest of 18
Operating margin4.5%1.8%9th highest of 21
Forward P/E8.8×15.0×cheapest of 15
ROIC minus cost of capital-0.1 pp-0.7 pp10th highest of 20
EV / EBITDA15.7×9.0×most expensive of 4
Net debt / EBITDA2.1×1.6×3rd most indebted of 7

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
MiTAC 3706.TWTaiwan$2.98B-16%+44%4%8.8×n/an/a
Venture V03.SISingapore$3.22B-21%+1%10%16.4×-1.3%-3.4%
Acer 2353.TWTaiwan$2.63B+4%+15%2%16.4×n/an/a
NCR Atleos NATLUnited States$3.49B+7%+2%14%9.6×-9.2%+1.8%
Lakala Payment 300773.SZChina$2.32B-25%+17%4%17.4×14.2%0.0%
RGTI RGTIUnited States$3.92B-38%+68%-728%n/an/an/a
Getac 3005.TWTaiwan$2.20B+19%+9%15%12.1×-7.0%+7.2%
QBTS QBTSUnited States$4.05B-25%-44%-1,373%n/an/an/a
Compal Electronics 2324.TWTaiwan$4.15B+8%-4%1%12.9×n/an/a
Dongfang Electronics 000682.SZChina$2.06B-21%+14%7%13.7×8.9%+17.4%
Guangzhou Shiyuan Electronic Technology 002841.SZChina$4.37B+13%+35%8%11.2×-2.7%+7.3%
Infleqtion INFQUnited States$2.00B-27%n/a-315%n/an/an/a
Willfar Information Technology 688100.SSChina$1.98B-28%-9%20%22.4×17.0%+15.5%
China Greatwall Technology 000066.SZChina$5.40B-42%+28%-1%81.7×n/an/a
PCI Technology 600728.SSChina$1.58B-7%+11%0%55.3×23.0%+18.8%
Inventec 2356.TWTaiwan$5.71B+12%+16%2%13.2×n/an/a
Lingyi iTech (Guangdong) 1688.HKHong Kong$5.75Bn/a+14%6%12.6×n/an/a
XGD 300130.SZChina$1.49B-20%+21%12%17.9×3.8%+3.8%
IQM Quantum Computers Oyj Sponsored ADR IQMXUnited States$1.49Bn/an/a-492%n/an/an/a
IQM Quantum Computers IQMX.HEFinland$1.41Bn/an/a-492%n/an/an/a
SDIC Intelligence Information Technology 300188.SZChina$1.35B-15%-15%-53%n/an/an/a

Questions

Who are MiTAC's main competitors?
Named competitors: Quanta Computer (2382.TW), Wiwynn (6669.TW), Inventec (2356.TW). The cockpit's measured peer set (industry) also includes Venture (V03.SI), Acer (2353.TW), NCR Atleos (NATL), Lakala Payment (300773.SZ), RGTI (RGTI), Getac (3005.TW).
Is MiTAC expensive compared with its peers?
On forward p/e it trades at 8.8× against a peer median of 15.0×, cheapest of 15 in its peer set.
How has MiTAC stock performed?
Over six months to 6 Nov 2026 the shares returned -16.3% against -20.1% for the median peer; over one year -27.1%.

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.