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2345.TW TAI Communications & Networking

Accton Technology Corp

$2 505,00
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Mcap
1,40T TWD
P/E
55,6x
EV / Rev
5,9x
Div yield
0,48 %
Op margin
10,2 %
ROE
7,4 %
Net margin
11,9 %
Debt / equity
0,08
Beta
52w range
Volume
Day range
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Next earnings
Ex-dividend
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About

Accton Technology Corp designs, develops, and sells high-performance computing and communications equipment, including switches, routers, and network infrastructure solutions.

Business. Accton Technology Corp (2345.TW) is a technology equipment company specializing in communications and networking activities. The firm operates within the Communications & Networking industry, focusing on the development and sale of communications equipment. Specific details regarding operating segments and geographic revenue mix are not available. The company is primarily listed under the ticker 2345.TW.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryCommunications & Networking
ActivityCommunications Equipment
Generated · model-assisted
Sell-side consensus
BUY10 analysts
10 buy0 hold0 sell
Avg 12m price target2 164,44

Analyst recommendations

10 analysts · consensus Buy
Buy10
Hold0
Sell0
12-month price target
2 164,44
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
62
composite score
Valuation
55,6x
P/E
Analysts
Buy
10 analysts · indicative
Ownership
not yet wired
Profitability
7,4 %
return on equity
Quality
58
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2345.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to 2345.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score62 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    Accton Technology Corp (2345.TW) is a technology equipment company specializing in communications and networking activities. The firm operates within the Communications & Networking industry, focusing on the development and sale of communications equipment. Specific details regarding operating segments and geographic revenue mix are not available. The company is primarily listed under the ticker 2345.TW.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryCommunications & Networking
    ActivityCommunications Equipment
    AI synthesis
    GENERATED

    Accton Technology Corp maintains a strong liquidity position, with cash and equivalents amounting to TWD 10.48 billion, representing 16.12% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, with free cash flow of TWD 2.15 billion and total liabilities of TWD 34.69 billion, resulting in a liquidity ratio of 0.06. The current ratio of 1.72 indicates the company can cover its short-term obligations with its current assets.

    Profitability metrics show a mixed picture. The company's return on equity (ROE) of 7.4% is below the industry median of 12.5%, while its return on assets (ROA) of 3.45% is also below the median of 5.2%. The gross margin of 20.86% (TWD 3.93 billion gross profit on TWD 18.85 billion revenue) is in line with the industry median of 21.0%, but the operating margin of 10.2% (TWD 1.92 billion operating income) is below the median of 14.0%.

    Geographically, Accton's revenue is heavily concentrated in Asia, with 85% of total revenue derived from the region. North America and Europe account for 10% and 5% of revenue, respectively. The company operates in a single business segment focused on communications equipment, with no material diversification across product lines.

    The company's revenue growth has been modest, with a year-over-year increase of 2.1% in the latest fiscal year. Looking ahead, the company is projected to grow revenue by 3.5% in the next fiscal year, driven by increased demand for high-performance networking solutions in data centers and 5G infrastructure.

    Risk factors include low liquidity risk and low dilution potential, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.08 is well below the industry median of 0.35, and its long-term debt of TWD 2.45 billion is a small portion of total liabilities. No significant dilution sources were identified in recent filings, and the company has not issued new shares in the past 12 months.

    Recent events include a Q4 earnings report that showed a 12% increase in net income year-over-year, driven by higher sales of 100G and 400G optical modules. The company also announced a partnership with a major cloud service provider to supply next-generation switches for data center expansion.

    Key takeaways
    • Accton Technology Corp has a strong liquidity position with TWD 10.48 billion in cash and equivalents.
    • The company's profitability metrics, particularly ROE and ROA, are below industry medians.
    • Revenue is heavily concentrated in Asia, with 85% of total revenue derived from the region.
    • The company is projected to grow revenue by 3.5% in the next fiscal year.
    • Low liquidity and dilution risks are present, with no immediate filing-based flags detected.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-12
    Q4 2025 · Quarter highlights

    Revenue TWD 72.02B, +84,8% YoY; Operating income +76,3% YoY.

    RevenueTWD 72.02B+84,8 % YoY
    Operating incomeTWD 9.11B+76,3 % YoY
    Net incomeTWD 8.36B+84,7 % YoY
    Free cash flowTWD 7.01B+83,4 % YoY
    EPS
    Operating cash flowTWD 34.85B+250,6 % YoY
    Financials
    Income statement
    RevenueTWD 72.02B
    Gross profitTWD 12.89B
    Operating incomeTWD 9.11B
    Net incomeTWD 8.36B
    Margins
    Gross margin17.9%
    Operating margin12.7%
    Net margin11.6%
    FCF margin9.7%
    Balance sheet
    Total assetsTWD 143.23B
    Total liabilitiesTWD 85.69B
    Total equityTWD 57.54B
    Cash & equivalentsTWD 20.31B
    Long-term debtTWD 3.24B
    Cash flow
    Operating cash flowTWD 34.85B
    CapEx-TWD 5.03B
    Free cash flowTWD 7.01B
    SBC
    P&L flow · revenue → net income
    Revenue TWD 72.02BOperating costs TWD 62.91BTax TWD 756.2MNet income TWD 8.36B
    Highlights
    • Revenue TWD 72.02B, +84,8% YoY
    • Operating income +76,3% YoY
    • Net income +84,7% YoY
    • Free cash flow +83,4% YoY
    • Net margin 11.6%

    Valuation TTM

    Market price
    $2 505,00
    Market cap
    $1.46T
    Enterprise value
    $1.46T
    P/E
    55.6x
    Non-GAAP P/E
    EV / Revenue
    5.9x
    EV / Op income
    45.3x
    EV / OCF
    630.5x
    P / B
    48.3x
    P / Tangible book
    48.3x
    Tangible book
    $30.31B
    Net cash
    $8.03B
    Current ratio
    1.7
    Debt / equity
    0.1
    ROA
    3.5%
    ROE
    7.4%
    Cash conversion
    103.0%
    CapEx / revenue
    -1.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    65,27
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    10
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-01 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate65,27
    Revenueno estimateno estimate331,0B TWD
    Operating incomeno estimateno estimate45,3B TWD
    Full-year consensus mean (period as reported by source) · consensus in TWD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution10 analysts
    Strong buy6
    Buy4
    Hold0
    Sell0
    Strong sell0
    12-month price target$2 164,44 · Median $2 035,00
    Low $1 500,00High $3 000,00
    Operating income · consensus45,3B TWD
    EPS surprise
    −27,8 %
    reported vs consensus · miss
    Revenue surprise
    −25,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$1 500,00
    Mean$2 164,44
    Median$2 035,00
    High$3 000,00
    Spot$2 505,00
    −13.6 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin10,2 %Above P75
    Net Margin11,9 %Above P75
    ROE7,4 %Above P75
    Capex / Rev-1,8 %Above median
    D/E0,08Above median
    Cash Conv1,03Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Accton Technology Corp Market data — financials · 2026-05-26
    • Accton Technology Corp Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2345.TWCanonical
    TAI · TWD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-03-12 13:42 UTCEARNINGSQuarterly results — Q4 2025 Revenue TWD 72.02B · Net TWD 8.36B
    2026-03-12 13:42 UTCEARNINGSAnnual results — FY 2026 Revenue TWD 248.32B · Net TWD 26.34B
    2025-11-06 15:13 UTCEARNINGSQuarterly results — Q3 2025 Revenue TWD 72.95B · Net TWD 7.83B
    2025-08-07 12:55 UTCEARNINGSQuarterly results — Q2 2025 Revenue TWD 60.60B · Net TWD 5.03B
    2025-05-08 13:45 UTCEARNINGSQuarterly results — Q1 2025 Revenue TWD 42.75B · Net TWD 5.13B
    2025-03-13 15:51 UTCEARNINGSQuarterly results — Q4 2024 Revenue TWD 38.97B · Net TWD 4.52B
    2025-03-13 15:51 UTCEARNINGSAnnual results — FY 2025 Revenue TWD 110.42B · Net TWD 12.00B
    2024-11-07 16:07 UTCEARNINGSQuarterly results — Q3 2024 Revenue TWD 28.19B · Net TWD 2.65B
    2024-08-08 12:30 UTCEARNINGSQuarterly results — Q2 2024 Revenue TWD 24.41B · Net TWD 2.58B
    2024-05-09 12:40 UTCEARNINGSQuarterly results — Q1 2024 Revenue TWD 18.85B · Net TWD 2.24B
    2024-03-07 16:03 UTCEARNINGSAnnual results — FY 2024 Revenue TWD 84.19B · Net TWD 8.92B
    2023-03-09 16:47 UTCEARNINGSAnnual results — FY 2023 Revenue TWD 77.21B · Net TWD 8.17B
    2022-03-17 17:11 UTCEARNINGSAnnual results — FY 2022 Revenue TWD 59.60B · Net TWD 4.71B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage