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← CockpitCompetitor Analysis › 6944.TW Mega Union Technology, Inc.Open in the cockpit ↗

Mega Union Technology, Inc.6944.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Industrials›Engineering & Construction

Taiwanese maker of production equipment such as screen-printing machines used in solar cell and PCB manufacturing.

≈ A niche Taiwanese solar/PCB production-equipment makerMomentum weak 28
Mkt cap
$1.82B
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$11.8M
20-day average traded
Fwd P/E
14.1×
forward earnings
ROIC−WACC
n/a
WACC 5.3%
Hurdle
-34 pp
Req g minus delivered
Next earnings
34 days
10 Dec 2026
Close · TWDNT$603.00
1D-10.0%
1W-19.5%
1M-25.9%
3M-23.3%
6M-17.1%
YTD+13.3%
1Y+40.0%
ATR %5.6%
52w lowhigh34.3% off high

What Mega Union Technology does

Taiwanese maker of production equipment such as screen-printing machines used in solar cell and PCB manufacturing.

In one line: A niche Taiwanese solar/PCB production-equipment maker.

Products and services

  • Screen-printing production equipment

Customers

  • Solar cell manufacturers
  • PCB manufacturers

Where it sits in the supply chain

  • Industrials
  • Production equipment
  • Screen-printing/production machinery

What could go right

  • Solar cell capacity expansion

What could go wrong

  • Solar/PCB capex cyclicality

Moat: narrow (process know-how). Specialized production-equipment know-how for solar/PCB manufacturing processes.

Headquarters: Taiwan · Employees: 1,278

Named competitors

Mega Union Technology at a glance

Size Mega Union Technology (6944.TW) is a Taiwan Industrials company (Engineering & Construction) with a market value of $1.82B, the 179th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$603.00 on 6 Nov 2026.

Performance Over six months the shares fell 17.1%, against -10.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 60.0% over the last twelve months (peer median +2.6%); the operating margin is 21.0% (peer median 6.0%).

Valuation It trades at 14.1× forward earnings against a peer median of 14.9× (9th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is -34 pp: the price already allows for a slowdown.

Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 896944.TW 82
Six months, rebased to 100: Mega Union Technology against the median of its 20 peers (local-currency closes).

Mega Union Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$19.9BNT$16.9BNT$10.3BNT$9.01BNT$10.0B
Revenue growth—+64%+14%-10%—
Gross profitNT$5.04BNT$3.77BNT$2.30BNT$1.77BNT$956M
EBITDANT$4.32BNT$3.22BNT$2.00BNT$1.50BNT$682M
Net incomeNT$3.09BNT$2.37BNT$1.51BNT$1.07BNT$395M
Free cash flowNT$4.24BNT$2.45BNT$1.36BNT$1.94BNT$779M
Capital expenditureNT$738MNT$517MNT$378MNT$136MNT$65.7M
Total debtNT$815MNT$1.19BNT$492MNT$546MNT$2.54B

Quarterly statements and history in the cockpit →

Mega Union 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%-25%0%+25%+50%-20%-10%0%3928BDGI0020600371601778KIEENGINERSIN002081TEA1414BRKN194120681719NWHNCC-A1783MND6000726944.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Mega Union Technology is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%10×20×30×BDGI0020600371KIEENGINERSIN002081TEA1414BRKN1941NWHNCC-AMND6944.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mega Union Technology is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%25%50%BDGI0371KIEENGINERSIN002081TEA1414BRKN20681719NWHNCC-AMND6944.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Mega Union Technology is the large dot.

Mega Union Technology competitors and peer comparison

Head to head with its named competitors (6944.TW vs 3680.TWO vs 0522.HK vs 300751.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Mega Union Technology 6944.TW$1.82B-17%+60%21%14.1×-4.0%
Gudeng Precision Industrial 3680.TWO$1.11B-34%+19%15%21.0×n/a
Asmpt 0522.HK$5.02B-47%+21%9%20.4×12.1%
Suzhou Maxwell Technologies 300751.SZ$6.72B-33%-26%6%72.0×47.7%

How Mega Union 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.

Mega Union Technology against its 20 peers (data as of 6 Nov 2026)
Measure6944.TWPeer medianRank in peer set
1-month return-25.9%-4.7%lowest of 21
6-month return-17.1%-10.4%8th lowest of 21
Distance from 52-week high-34.3%-26.8%7th lowest of 21
Revenue growth (TTM)+60.0%+2.6%3rd highest of 21
Operating margin21.0%6.0%3rd highest of 21
Forward P/E14.1×14.9×9th cheapest of 17
Growth the price implies (Req g, 7 yrs)-4.0%4.2%6th least demanding of 16
Growth delivered (Del g)+30.2%+4.6%2nd highest of 16
Hurdle (Req g minus delivered)-34.2 pp-5.6 pp2nd least demanding of 16
EV / EBITDA12.2×11.8×7th cheapest of 13
Net debt / EBITDA-1.8×-0.2×2nd least indebted of 14

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
Mega Union Technology 6944.TWTaiwan$1.82B-17%+60%21%14.1×-4.0%+30.2%
China Next-Gen Commerce and Supply Chain 3928.HKHong Kong$1.81B+47%-26%-17%n/an/an/a
Badger Infrastructure Solutions BDGI.TOCanada$1.80B-10%+16%8%19.2×21.0%+15.8%
Guangdong Construction Engineering 002060.SZChina$1.79B-15%-11%3%8.0×n/an/a
Beijing Enterprises Water 0371.HKHong Kong$1.86B-48%-5%24%9.5×4.2%-1.2%
Jinko Power Technology 601778.SSChina$1.86B-49%-25%16%n/an/an/a
Kier KIE.LUnited Kingdom$1.75B+53%+7%3%12.7×-6.3%+5.9%
Engineers India ENGINERSIN.NSIndia$1.74B+12%+6%20%25.2×29.6%+4.6%
Suzhou Gold Mantis Construction and Decoration 002081.SZChina$1.74B-25%-8%3%29.6×12.2%-11.1%
Tasmea TEA.AXAustralia$1.73B+49%+136%8%18.9×4.6%+59.3%
SHO BOND 1414.TJapan$1.71B-6%-2%23%16.3×-7.5%+2.2%
Burkhalter BRKN.SWSwitzerland$1.71B-27%-2%6%21.5×-1.3%+19.0%
Chudenko 1941.TJapan$1.71B+3%+9%12%11.0×-8.6%+4.3%
China Aluminum International Engineering 2068.HKHong Kong$1.71B-39%-6%4%13.3×11.9%-0.6%
HAZAMA ANDO 1719.TJapan$1.94B-11%+4%8%9.8×-11.7%+4.5%
NRW NWH.AXAustralia$1.95B-17%+31%6%13.6×8.5%+14.1%
NCC NCC-A.STSweden$1.69B-3%-17%3%22.2×-1.6%+0.7%
Envision Greenwise 1783.HKHong Kong$1.68B+38%+183%3%n/an/an/a
Monadelphous MND.AXAustralia$1.98B-4%+29%5%22.7×5.3%+9.7%
Sanki Engineering 1961.TJapan$1.98B-12%+2%12%11.5×-6.5%+6.0%
CSSC Science & Technology 600072.SSChina$1.99B-35%+8%-37%n/an/an/a

Questions

Who are Mega Union Technology's main competitors?
Named competitors: Gudeng Precision Industrial (3680.TWO), ASMPT (0522.HK), Suzhou Maxwell Technologies (300751.SZ). The cockpit's measured peer set (industry) also includes China Next-Gen Commerce and Supply Chain (3928.HK), Badger Infrastructure Solutions (BDGI.TO), Guangdong Construction Engineering (002060.SZ), Beijing Enterprises Water (0371.HK), Jinko Power Technology (601778.SS), Kier (KIE.L).
Is Mega Union Technology expensive compared with its peers?
On forward p/e it trades at 14.1× against a peer median of 14.9×, 9th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is -34 pp: the price already allows for a slowdown.
How has Mega Union Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -17.1% against -10.4% for the median peer; over one year +40.0%.

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.