Obermatt

Zyxel

TAI:3704 · TW0003704003
Communications EquipmentSmall

360

71
EV / EBIT72
Price / Owner Earnings31
Owner Earnings Yield72
Dividend Yield1
Price/Sales80
EV / Gross Profit74
Price/Book68
Return on Capital51
Cash Return on Capital56
Return on Equity52
EBIT Margin53
Gross Profitability49
Cash Conversion55
Accruals29
Owner Earnings Margin52
Sales growth49
Profit Growth40
Long-Term EPS Growth49
Reinvestment93
Price momentum79
Debt load53
Refinancing95
Debt Payback42
Liquidity64
Analyst ratings67
Opinion Changes50
Price Target Upside6
Market mood29
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Zyxel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryCommunications Equipment
SizeSmall
TypePublic Company
ExchangeTWSE
Founded2010
Employees137
ISINTW0003704003
Last UpdateApr 2, 2026
Themes
Network BackboneNetwork SecurityEnterprise Voip and TelephonyVoIPCommunication HardwareElectronicsManufacturing

Description

Zyxel Group Corporation, together with its subsidiaries, primarily operates in the telecommunications sector, providing a variety of broadband communication solutions customized for both end-users and enterprises. Business Segments The company oper…

Analysis

Middle-of-the-road

Zyxel Group Corporation is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 35.4× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
82
2023202420252026

All-time high

100

Jan 2023

All-time low

47

Nov 2024

Average rank

78

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
80
92
79
88
Price/Earnings
74
14
81
88
Price/Book
68
75
61
91
Dividend Yield
1
45
35
50
Value (overall)
70
73
81
88

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →