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Maker of wireless networking gear including WiFi routers, cellular IoT modules and satellite communication equipment.
Maker of wireless networking gear including WiFi routers, cellular IoT modules and satellite communication equipment.
Designs and builds networking gear to the specifications of carriers and brand owners, who sell it under their own names, so orders come in large programs tied to customers' product cycles and a few buyers matter. It is a member of the Wistron group, and nearly all sales are outside Taiwan.
Moat: narrow (process know-how, customer qualification). Long OEM/ODM ties with carriers and networking brands from the Wistron group heritage.
Headquarters: Hsinchu, Taiwan · Founded: 1996 · Employees: 5,966
Size WNC (6285.TW) is a Taiwan Information Technology company (Telecommunications Equipment) with a market value of $2.41B, the 143rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$164.50 on 6 Nov 2026.
Performance Over six months the shares fell 29.4%, against -29.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 29.8% over the last twelve months (peer median +5.6%); the operating margin is 4.9% (peer median 1.3%).
Valuation It trades at 10.8× forward earnings against a peer median of 23.0× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.2 points above its cost of capital (7.4% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$144B | NT$110B | NT$110B | NT$111B | NT$95.3B |
| Revenue growth | — | 0% | -1% | +16% | — |
| Gross profit | NT$20.6B | NT$12.9B | NT$12.6B | NT$13.1B | NT$11.2B |
| EBITDA | n/a | NT$6.77B | NT$6.35B | NT$6.76B | NT$5.03B |
| Net income | NT$5.84B | NT$3.06B | NT$3.45B | NT$3.80B | NT$3.12B |
| Free cash flow | n/a | NT$5.67B | NT$7.33B | NT$4.11B | -NT$7.01B |
| Capital expenditure | n/a | NT$3.49B | NT$3.34B | NT$3.50B | NT$3.80B |
| Total debt | n/a | NT$13.4B | NT$15.4B | NT$14.5B | NT$18.7B |
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 |
|---|---|---|---|---|---|---|
| WNC 6285.TW | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% |
| Arcadyan Technology 3596.TW | $900M | -17% | +6% | 6% | 9.8× | n/a |
| Sercomm 5388.TW | $591M | -19% | +34% | 3% | 9.3× | n/a |
| NETGEAR NTGR | $513M | -31% | -1% | -4% | 46.4× | 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 | 6285.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.1% | -7.8% | lowest of 21 |
| 6-month return | -29.4% | -29.2% | 10th lowest of 20 |
| Distance from 52-week high | -51.1% | -53.0% | 10th highest of 21 |
| Revenue growth (TTM) | +29.8% | +5.6% | 2nd highest of 21 |
| Operating margin | 4.9% | 1.3% | 8th highest of 21 |
| Forward P/E | 10.8× | 23.0× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -0.5% | 18.6% | least demanding of 6 |
| Growth delivered (Del g) | +12.0% | +9.0% | 3rd highest of 6 |
| Hurdle (Req g minus delivered) | -12.5 pp | +10.0 pp | least demanding of 6 |
| ROIC minus cost of capital | +7.2 pp | -3.7 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 29.8× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |