Which companies are QNAP Systems's closest peers?

The cockpit's peer set: Guiyang Longmaster Information & Technology (300288.SZ), Flytech Technology (6206.TW), PAX Global Technology (0327.HK), 2crsi (AL2SI.PA), HuangShan Googe (301581.SZ), Synthesis Electronic Technology (300479.SZ), Fujian Start (600734.SS), Elma Electronic (ELMN.SW).

How has QNAP Systems stock performed?

Over six months to 6 Nov 2026 the shares returned -41.5% against -16.2% for the median peer; over one year -44.5%.

← CockpitCompetitor Analysis › 7805.TWO QNAP Systems, Inc.Open in the cockpit ↗

QNAP Systems, Inc.7805.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Processing Hardware

Momentum laggard 12

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$477M

US dollars, full cap

Free float

30%

of shares outstanding

$/day

$777,427

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

+16.7 pp

WACC 5.0%

Hurdle

-13 pp

Req g minus delivered

Next earnings

6 days

12 Nov 2026

Close · TWDNT$396.50

1D-5.6%

1W-11.8%

1M-20.5%

3M-31.9%

6M-41.5%

YTD-47.8%

1Y-44.5%

ATR %4.0%

52w lowhigh53.1% off high

What QNAP Systems does

No business profile yet.

QNAP Systems at a glance

Size QNAP Systems (7805.TWO) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $477M, the 463rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$396.50 on 6 Nov 2026.

Performance Over six months the shares fell 41.5%, against -16.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 20 in its peer set.

Growth Revenue grew 9.2% over the last twelve months (peer median +7.6%); the operating margin is 25.1% (peer median 4.5%).

Valuation It trades at 2.1× enterprise value to sales against a peer median of 2.4× (9th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 16.7 points above its cost of capital (5.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: QNAP Systems against the median of its 20 peers (local-currency closes).

QNAP Systems financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$6.60B	NT$6.25B	NT$5.91B	NT$5.89B	NT$5.65B
Revenue growth	—	+6%	0%	+4%	—
Gross profit	NT$3.81B	NT$3.43B	NT$3.28B	NT$3.58B	NT$2.41B
EBITDA	NT$1.81B	NT$1.54B	NT$1.26B	NT$1.55B	NT$505M
Net income	NT$1.57B	NT$1.35B	NT$1.19B	NT$1.27B	NT$430M
Free cash flow	NT$134M	NT$686M	NT$1.23B	NT$1.44B	NT$1.50B
Capital expenditure	NT$489M	NT$338M	NT$162M	NT$325M	NT$309M
Total debt	NT$344M	NT$260M	NT$58.8M	NT$46.0M	NT$62.4M

Quarterly statements and history in the cockpit →

QNAP Systems 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

Up and to the right = strong over both horizons. QNAP Systems is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. QNAP Systems is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. QNAP Systems is the large dot.

QNAP Systems competitors and peer comparison

How QNAP Systems 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.

QNAP Systems against its 20 peers (data as of 6 Nov 2026)
Measure	7805.TWO	Peer median	Rank in peer set
1-month return	-20.5%	-4.8%	5th lowest of 21
6-month return	-41.5%	-16.2%	2nd lowest of 20
Distance from 52-week high	-53.1%	-45.1%	4th lowest of 21
Revenue growth (TTM)	+9.2%	+7.6%	9th highest of 20
Operating margin	25.1%	4.5%	3rd highest of 20
EV / Sales	2.1×	2.4×	9th cheapest of 19
Growth the price implies (Req g, 7 yrs)	-9.6%	6.1%	3rd least demanding of 10
Growth delivered (Del g)	+3.4%	+16.2%	3rd lowest of 10
Hurdle (Req g minus delivered)	-13.0 pp	-3.1 pp	2nd least demanding of 10
ROIC minus cost of capital	+16.7 pp	-2.5 pp	4th highest of 20
EV / EBITDA	7.8×	20.4×	cheapest of 8
Net debt / EBITDA	-0.9×	-0.6×	5th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
QNAP Systems 7805.TWO	Taiwan	$477M	-42%	+9%	25%	2.1×	-9.6%	+3.4%
Guiyang Longmaster Information & Technology 300288.SZ	China	$474M	-25%	-15%	-17%	11.2×	n/a	n/a
Flytech Technology 6206.TW	Taiwan	$493M	+3%	+12%	27%	2.4×	-10.1%	+2.6%
PAX Global Technology 0327.HK	Hong Kong	$444M	-21%	+10%	16%	n/a	n/a	n/a
2crsi AL2SI.PA	France	$402M	-57%	+75%	-45%	0.9×	n/a	n/a
HuangShan Googe 301581.SZ	China	$400M	-34%	+17%	1%	2.0×	n/a	n/a
Synthesis Electronic Technology 300479.SZ	China	$397M	-22%	-5%	4%	2.6×	19.7%	+19.1%
Fujian Start 600734.SS	China	$591M	-19%	-71%	-90%	52.4×	n/a	n/a
Elma Electronic ELMN.SW	Switzerland	$370M	+23%	-9%	2%	2.1×	n/a	n/a
Jiangxi Firstar Panel Technology 300256.SZ	China	$631M	-25%	-13%	-12%	2.9×	n/a	n/a
SECO IOT.MI	Italy	$634M	+65%	+6%	3%	3.3×	43.7%	+21.0%
Posiflex Technology 8114.TW	Taiwan	$347M	-16%	-18%	18%	0.8×	-21.6%	+17.5%
Concurrent Technologies CNC.L	United Kingdom	$336M	+7%	+8%	15%	5.1×	38.2%	+16.8%
Clevo 2362.TW	Taiwan	$705M	+5%	-9%	6%	2.4×	n/a	n/a
Leadtek Research 2465.TW	Taiwan	$321M	+26%	+65%	5%	1.4×	n/a	n/a
Toukei Computer 4746.T	Japan	$790M	+74%	+5%	29%	5.6×	2.6%	+5.6%
Emdoor Information 001314.SZ	China	$791M	-26%	+74%	3%	1.0×	n/a	n/a
Jess-Link Products 6197.TW	Taiwan	$814M	-10%	+21%	22%	3.0×	6.1%	+16.2%
JBCC 9889.T	Japan	$852M	+61%	+9%	10%	1.5×	-4.7%	+4.8%
Zkteco 301330.SZ	China	$876M	-19%	+24%	11%	1.9×	7.2%	+3.4%
Pasqal PSQL	United States	$923M	n/a	n/a	n/a	n/a	n/a	n/a

Questions

Which companies are QNAP Systems's closest peers?: The cockpit's peer set: Guiyang Longmaster Information & Technology (300288.SZ), Flytech Technology (6206.TW), PAX Global Technology (0327.HK), 2crsi (AL2SI.PA), HuangShan Googe (301581.SZ), Synthesis Electronic Technology (300479.SZ), Fujian Start (600734.SS), Elma Electronic (ELMN.SW).
Is QNAP Systems expensive compared with its peers?: On ev / sales it trades at 2.1× against a peer median of 2.4×, 9th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has QNAP Systems stock performed?: Over six months to 6 Nov 2026 the shares returned -41.5% against -16.2% for the median peer; over one year -44.5%.