Risk factor
High price volatility
Profitability factor
Greatly overvalued vs peers
About
Microprogram Information Co., Ltd. specializes in delivering advanced Industrial Internet of Things (IIoT) technologies and solutions. Their comprehensive product suite encompasses e-bike systems, featuring integrated IoT devices, onboard computers, smart locking mechanisms, dedicated device and retail management platforms, a cycling data analytics platform, and an accompanying mobile application. The company also develops electronic payment solutions, including diverse card and NFC readers, electronic ticket modules, in addition to versatile Linux ARM system-on-modules and their respective development kits. Furthermore, they provide a range of controllers, such as smart identification and access card readers for door entry systems. Their offerings extend to Bluetooth Low Energy (BLE) USB dongles and specialized industrial sensors like smart robot blade/fork components, ultra-thin production line detectors, and VRS intelligent vibration sensors. These innovative solutions cater to a broad spectrum of industries, including transportation, finance, retail, manufacturing, healthcare, education, corporate environments, and various value-added service sectors. Founded in 1984, the company is headquartered in Taichung, Taiwan.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB