Risk factor
Strong & resilient to price shocks
Profitability factor
Slightly undervalued vs peers
About
MiTAC Holdings Corporation, established in 1982 and headquartered in Taoyuan City, Taiwan, is a global enterprise that conceives, engineers, produces, and supplies a comprehensive range of computer hardware, auxiliary equipment, and communication products. Its extensive operational footprint spans Taiwan, Europe, the United States, and numerous other international markets. The company's broad portfolio features advanced cloud computing solutions, including high-performance computing (HPC) servers, various data center computing and storage systems, standard rack mount infrastructure, Open Computer Project (OCP) and open edge technologies, and 5G radio access network and edge computing platforms. MiTAC also specializes in industrial and commercial computing devices such as interactive kiosks, industrial panel PCs, smart IoT edge computing gateways, specialized quasi-systems for railway transport, and COM Express motherboard modules suitable for industrial and medical sectors. Additionally, it offers enterprise-grade high-availability storage systems, AI-powered self-checkout and recognition devices for smart retail, and full-service cabinet system design and assembly. Beyond enterprise and industrial IT, MiTAC is a significant provider of automotive and consumer electronics. This segment includes portable navigation units, CarPlay display audio systems, connected car tablets, navigation boxes, telematics products, car amplifiers, bike computers, outdoor lighting controls, and consumer fitness navigation devices for outdoor use. The company also provides enterprise electronics, mobile cloud storage solutions, 4G LTE-enabled dash cameras, and integrated fleet management and car A/V systems. Furthermore, MiTAC extends its expertise to facility management with its Comismart platform, delivering solutions for monitoring and controlling buildings, factories, equipment, and energy consumption. The corporation caters to a diverse array of sectors, including finance, technology, retail, education, and manufacturing.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on
Target Price
The average target price of 3706.TW is 92.0 and suggests 16.6% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i