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Taiwanese maker of server motherboards and GPU/AI server systems, the server-focused subsidiary of ASRock.
Taiwanese maker of server motherboards and GPU/AI server systems, the server-focused subsidiary of ASRock.
Designs server boards and complete AI-server systems and sells them to data-centre operators and system integrators, so orders arrive in large batches timed to new chip platforms from Nvidia, AMD and Intel. It is part of the ASRock group, which belongs to Taiwan's Pegatron.
In one line: A smaller, server-focused Supermicro.
Moat: narrow (process know-how, customer qualification). Backed by ASRock's motherboard engineering, riding qualification into AI-server platforms (Nvidia/AMD).
Headquarters: Taipei, Taiwan
Size ASrock Rack (7711.TW) is a Taiwan Information Technology company (Data Processing Services) with a market value of $1.23B, the 239th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$565.00 on 6 Nov 2026.
Performance Over six months the shares gained 34.7%, against -29.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 182.7% over the last twelve months (peer median +15.7%); the operating margin is 10.4% (peer median 0.9%).
Valuation It trades at 15.3× forward earnings against a peer median of 19.1× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +42%, so the hurdle is -35 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 31.9 points above its cost of capital (10.6% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$34.9B | NT$24.9B | NT$8.80B | NT$2.70B | NT$3.21B |
| Revenue growth | — | +183% | +225% | -16% | — |
| Gross profit | NT$5.63B | NT$2.07B | NT$1.47B | NT$686M | NT$789M |
| EBITDA | n/a | NT$1.01B | NT$594M | NT$34.6M | NT$181M |
| Net income | NT$2.86B | NT$803M | NT$505M | NT$7.91M | NT$138M |
| Free cash flow | n/a | NT$1.12B | -NT$434M | NT$219M | NT$295M |
| Capital expenditure | n/a | NT$66.1M | NT$20.4M | NT$15.5M | NT$33.9M |
| Total debt | n/a | NT$31.7M | NT$406M | NT$42.6M | NT$22.0M |
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 |
|---|---|---|---|---|---|---|
| ASrock Rack 7711.TW | $1.23B | +35% | +183% | 10% | 15.3× | 7.5% |
| Supermicro SMCI | $18.9B | -19% | +156% | 9% | 4.8× | n/a |
| Asustek Computer 2357.TW | $19.3B | +55% | +32% | 6% | 11.4× | n/a |
| Gigabyte Technology 2376.TW | $6.01B | +7% | +38% | 5% | 8.1× | 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 | 7711.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.9% | -13.6% | 11th highest of 21 |
| 6-month return | +34.7% | -29.1% | 3rd highest of 21 |
| Distance from 52-week high | -16.3% | -53.2% | 4th highest of 21 |
| Revenue growth (TTM) | +182.7% | +15.7% | 4th highest of 21 |
| Operating margin | 10.4% | 0.9% | 6th highest of 21 |
| Forward P/E | 15.3× | 19.1× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 7.5% | 12.8% | 4th least demanding of 11 |
| Growth delivered (Del g) | +42.1% | +14.3% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -34.6 pp | -0.0 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +31.9 pp | -5.5 pp | highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ASrock Rack 7711.TW | Taiwan | $1.23B | +35% | +183% | 10% | 15.3× | 7.5% | +42.1% |
| Rendong 002647.SZ | China | $1.20B | -43% | +6% | 6% | 19.1× | 42.3% | -17.2% |
| Innodata INOD | United States | $1.27B | -56% | +39% | 17% | 37.3× | 15.9% | +34.0% |
| Capitalonline Data Service 300846.SZ | China | $1.28B | -37% | 0% | -7% | n/a | n/a | n/a |
| Keel Infrastructure KEEL | United States | $1.15B | -53% | -23% | -121% | n/a | n/a | n/a |
| Liberty Capital GLIBA | United States | $1.06B | -2% | +13% | 13% | 8.0× | 0.8% | +113.1% |
| HawkEye 360 HAWK | United States | $1.45B | -55% | +88% | -8% | n/a | n/a | n/a |
| Suncorporation 6736.T | Japan | $1.49B | +22% | -11% | 1% | n/a | n/a | n/a |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 89.6× | n/a | n/a |
| JMDC 4483.T | Japan | $1.52B | +10% | +19% | 20% | 31.9× | 19.7% | +24.6% |
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 10.7× | 9.7% | +44.4% |
| ChronoScale CHRN | United States | $1.57B | -31% | +190% | -68% | n/a | n/a | n/a |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | n/a | 54.6% | -3.4% |
| Bitdeer Technologies BTDR | United States | $1.63B | -55% | +128% | -30% | n/a | n/a | n/a |
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | n/a | 39.9% | +6.8% |
| SharonAI SHAZ | United States | $781M | -59% | +257% | -894% | n/a | n/a | n/a |
| Shenzhen Xunce Technology 3317.HK | Hong Kong | $1.93B | -79% | +287% | -3% | 200.1× | n/a | n/a |
| Yext YEXT | United States | $749M | +88% | -1% | 10% | 10.0× | 9.6% | +4.7% |
| Pason Systems PSI.TO | Canada | $742M | -10% | -2% | 18% | 12.4× | 1.5% | +21.8% |
| SAKURA Internet 3778.T | Japan | $688M | -13% | +26% | 8% | 35.7× | n/a | n/a |
| DXC Technology DXC | United States | $2.31B | +58% | -3% | 1% | 5.8× | 3.2% | -6.5% |