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← CockpitCompetitor Analysis › 6643.TWO M31 Technology Corp.Open in the cockpit ↗

M31 Technology Corp.6643.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Packaged Software
Momentum laggard 14
Mkt cap
$443M
US dollars, full cap
Free float
78%
of shares outstanding
$/day
$5.82M
20-day average traded
Fwd P/E
32.0×
forward earnings
ROIC−WACC
-14.0 pp
WACC 8.3%
Hurdle
n/a
no reverse DCF
Next earnings
116 days
2 Mar 2027
Close · TWDNT$345.50
1D-8.6%
1W-17.7%
1M-32.0%
3M-16.6%
6M-46.0%
YTD-8.4%
1Y-21.2%
ATR %7.0%
52w lowhigh52.7% off high

What M31 Technology does

No business profile yet.

M31 Technology at a glance

Size M31 Technology (6643.TWO) is a Taiwan Information Technology company (Packaged Software) with a market value of $443M, the 488th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$345.50 on 6 Nov 2026.

Performance Over six months the shares fell 46.0%, against -11.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue grew 18.6% over the last twelve months (peer median +6.6%); the operating margin is -7.9% (peer median 5.2%).

Valuation It trades at 32.0× forward earnings against a peer median of 22.1× (4th most expensive of 13).

Capital Return on invested capital runs 14.0 points below its cost of capital (8.3% WACC).

Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 896643.TWO 53
Six months, rebased to 100: M31 Technology against the median of its 20 peers (local-currency closes).

M31 Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$1.86BNT$1.78BNT$1.48BNT$1.61BNT$1.36B
Revenue growth—+20%-8%+19%—
Gross profitn/aNT$1.71BNT$1.42BNT$1.56BNT$1.31B
EBITDAn/aNT$168MNT$117MNT$496MNT$415M
Net incomeNT$62.1MNT$70.6MNT$127MNT$435MNT$379M
Free cash flown/a-NT$21.9M-NT$33.7MNT$206MNT$620M
Capital expendituren/aNT$69.5MNT$93.4MNT$43.2MNT$39.4M
Total debtn/aNT$12.8MNT$22.3MNT$11.3MNT$2.07M

Quarterly statements and history in the cockpit →

M31 Technology 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

-50%0%+50%+100%-40%-20%0%3008263008457803BRAI30007830094163MOONS688579DTOLCOFFEE-BNXLOCLMTLS033790CAPILLARY0024256643.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. M31 Technology is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×7803688579DTOLCOFFEE-BNXLOCLDATAMATICSUGSMTLS0799225570CAPILLARY6643.TWORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. M31 Technology is the large dot.

M31 Technology competitors and peer comparison

How M31 Technology 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.

M31 Technology against its 20 peers (data as of 6 Nov 2026)
Measure6643.TWOPeer medianRank in peer set
1-month return-32.0%-2.6%3rd lowest of 21
6-month return-46.0%-11.2%3rd lowest of 20
Distance from 52-week high-52.7%-30.1%7th lowest of 21
Revenue growth (TTM)+18.6%+6.6%7th highest of 20
Operating margin-7.9%5.2%4th lowest of 20
Forward P/E32.0×22.1×4th most expensive of 13
ROIC minus cost of capital-14.0 pp-7.1 pp3rd lowest of 19

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
M31 Technology 6643.TWOTaiwan$443M-46%+19%-8%32.0×n/an/a
NanJing Institute of Surveying Mapping and Geotechnical Investigation 300826.SZChina$444M-1%+8%1%n/a45.8%+8.8%
Zhengzhou Jiean Hi-tech 300845.SZChina$444M+5%+6%7%n/an/an/a
Bushiroad 7803.TJapan$441M+102%+3%8%15.3×-3.9%+10.2%
Braiin BRAIUnited States$447M-70%n/an/an/an/an/a
Hangzhou Century 300078.SZChina$438M-33%-46%-2%n/an/an/a
Chase Science 300941.SZChina$437M-20%+29%1%n/an/an/a
63 Moons Technologies 63MOONS.NSIndia$437M+21%+238%-104%n/an/an/a
Dareway Intelligent Technology 688579.SSChina$450M-26%-21%-2%44.1×18.9%+0.9%
D2L DTOL.TOCanada$436M+19%+3%5%20.8×15.4%+12.4%
Coffee Stain COFFEE-B.STSweden$435M-11%-12%10%15.8×5.6%-11.8%
Nuix NXL.AXAustralia$452M+37%+19%12%25.6×23.0%+8.4%
Objective OCL.AXAustralia$434M-39%+7%32%23.4×8.1%+6.8%
Datamatics Global Services DATAMATICS.NSIndia$453M-12%+11%16%15.5×10.8%+11.6%
UltraGreen.ai UGS.SISingapore$433Mn/a+25%57%6.2×n/an/a
Materialise NV Sponsored ADR MTLSUnited States$432M+25%+10%2%42.6×26.0%+9.2%
IGG 0799.HKHong Kong$431M-11%-1%12%6.0×n/an/a
NEXON Games 225570.KSSouth Korea$457M-18%-31%-26%24.8×n/an/a
Fino 033790.KSSouth Korea$428M-53%+195%5%n/a6.6%+60.2%
Capillary Technologies India CAPILLARY.NSIndia$427M-8%+23%3%46.9×49.7%+33.9%
Kaiser (China) Culture 002425.SZChina$461M-10%-3%-53%n/an/an/a

Questions

Which companies are M31 Technology's closest peers?
The cockpit's peer set: NanJing Institute of Surveying Mapping and Geotechnical Investigation (300826.SZ), Zhengzhou Jiean Hi-tech (300845.SZ), Bushiroad (7803.T), Braiin (BRAI), Hangzhou Century (300078.SZ), Chase Science (300941.SZ), 63 Moons Technologies (63MOONS.NS), Dareway Intelligent Technology (688579.SS).
Is M31 Technology expensive compared with its peers?
On forward p/e it trades at 32.0× against a peer median of 22.1×, 4th most expensive of 13 in its peer set.
How has M31 Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -46.0% against -11.2% for the median peer; over one year -21.2%.

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.