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3130.TW$220.50-0.45%
Fair $220.50+0.0%

3130.TW

104 Corporation

Industrials / Staffing & Employment ServicesTaiwan

$220.50

-1.00 (-0.45%)

Fairly Valued+0.0%Fair Value $220.50Fund rank 40/100 · Data gapFallback financials|
SA 51/C
F-Score: 5/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 22% · confianza 25%

FCF escenarios

weak_data · normalized FCF $693.8M · quality 85.3/100

Data gap 40/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 94/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

51/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Operating margin has declined for 3 consecutive years
Thesis & Journal · 3130.TWLocal privado en este navegador · 104 Corporation
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$7.3B

P/E

15.1x

↓

EV/EBITDA

9.8x

↓

ROE

28.5%

↑

Gross Margin

86.1%

↑

Debt/Equity

0.07

↓
52-Week Range$221
$219$237

TradingView lightweight chart

3130.TW price, volumen y niveles de valoración

Último $220.50Periodo +19.2%
Fair value: $220.50

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+7.1%

FCF CAGR

+1.8%

FCF margin

28.9%

FCF / Net income

1.58x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.67B · net income $488.0M · FCF $772.9M

2022-FY → 2025-FY

Gross margin

86.1%-3.4% pts

Operating margin

20.0%-3.1% pts

Net margin

18.2%-2.2% pts

FCF margin

28.9%-4.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.67B$2.67B$2.50B$2.33B$2.18B
Net Income$488.0M$488.0M$469.4M$451.6M$445.3M
EBITDA$705.5M$705.5M$668.9M$628.8M$593.9M
EPS——14.0313.4913.31
Gross Margin86.1%86.1%87.2%86.9%89.5%
Operating Margin20.0%20.0%21.9%22.2%23.1%
Net Margin18.2%18.2%18.8%19.4%20.4%
Balance Sheet
Debt/Equity0.070.070.090.090.06
Current Ratio1.461.46———
Cash Flow
Free Cash Flow$772.9M$772.9M$693.8M$579.4M$733.6M
Returns
ROE28.5%28.5%27.8%27.2%26.9%
Valuation
P/E15.1315.1315.6815.7515.51
EV/EBITDA9.839.839.349.419.55
P/B4.284.284.374.294.18
Growth & Yield
Revenue Growth7.0%7.0%7.3%6.9%—
EPS Growth——4.0%1.4%—
Dividend Yield6.6%6.6%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +0.9%

Total return

+0.9%

Start / end P/E

n/dx → n/dx

EPS bridge

14.03 → n/d

Residual

-5.8%

EPS growthn/d
Multiple reratingn/d
Dividend+6.6%
Residual / FX / buybacks / cross-term-5.8%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.