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3545.TW$59.60+0.17%
Fair $59.60+0.0%

3545.TW

FocalTech Systems Co., Ltd.

Technology / SemiconductorsTaiwan

$59.60

+0.10 (+0.17%)

Fairly Valued+0.0%Fair Value $59.60Fund rank 31/100 · Data gapFallback financials|
SA 30/D
F-Score: 5/9
Low Profitability

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 34% · confianza 20%

FCF escenarios

weak_data · normalized FCF $2.0B · quality 55.3/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 28/100Data 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

30/100

D

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. ROE is -11.5%, below the 5% threshold
Thesis & Journal · 3545.TWLocal privado en este navegador · FocalTech Systems Co., Ltd.
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

$12.8B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-11.5%

↓

Gross Margin

24.8%

↓

Debt/Equity

0.02

↓
52-Week Range$60
$41$73

TradingView lightweight chart

3545.TW price, volumen y niveles de valoración

Último $59.60Periodo -76.9%
Fair value: $59.60

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

-2.6%

FCF CAGR

—

FCF margin

-3.0%

FCF / Net income

0.36x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $11.95B · net income $-990.6M · FCF $-355.7M

2022-FY → 2025-FY

Gross margin

24.8%+14.9% pts

Operating margin

-1.1%+16.6% pts

Net margin

-8.3%+6.5% pts

FCF margin

-3.0%+28.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$11.95B$11.95B$14.54B$13.57B$12.95B
Net Income$-990.6M$-990.6M$574.1M$361.9M$-1.91B
EBITDA$-583.6M$-583.6M$892.3M$687.3M$-1.62B
EPS——2.641.69-9.39
Gross Margin24.8%24.8%22.4%20.0%9.9%
Operating Margin-1.1%-1.1%1.1%0.9%-17.7%
Net Margin-8.3%-8.3%3.9%2.7%-14.8%
Balance Sheet
Debt/Equity0.020.020.090.200.46
Current Ratio2.202.20———
Cash Flow
Free Cash Flow$-355.7M$-355.7M$2.02B$3.04B$-4.03B
Returns
ROE-11.5%-11.5%5.7%3.9%-21.7%
Valuation
P/E——30.1563.02—
EV/EBITDA——11.2029.42—
P/B1.501.501.712.451.47
Growth & Yield
Revenue Growth-17.8%-17.8%7.2%4.8%—
EPS Growth——56.2%118.0%—
Dividend Yield2.9%2.9%———

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 -5.3%

Total return

-5.3%

Start / end P/E

n/dx → n/dx

EPS bridge

2.64 → n/d

Residual

-8.2%

EPS growthn/d
Multiple reratingn/d
Dividend+2.9%
Residual / FX / buybacks / cross-term-8.2%

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.