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5388.TW$93.30+3.55%
Fair $93.30+0.0%

5388.TW

Sercomm Corporation

Technology / Communication EquipmentTaiwan

$93.30

+3.20 (+3.55%)

Fairly Valued+0.0%Fair Value $93.30Fund rank 28/100 · Data gapFallback financials|
SA 44/C
F-Score: 3/9
Declining Revenue

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 19%

FCF escenarios

weak_data · normalized FCF $459.4M · quality 51.7/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 26/100Data 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

44/100

C

Piotroski

3/9

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. Revenue has declined for 3 consecutive years
Thesis & Journal · 5388.TWLocal privado en este navegador · Sercomm 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

$28.0B

P/E

23.6x

↑

EV/EBITDA

10.2x

↓

ROE

7.5%

↑

Gross Margin

15.7%

↓

Debt/Equity

0.38

↑
52-Week Range$93
$75$113

TradingView lightweight chart

5388.TW price, volumen y niveles de valoración

Último $93.30Periodo +546.8%
Fair value: $93.30

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

-5.8%

FCF CAGR

—

FCF margin

-0.1%

FCF / Net income

-0.03x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $54.00B · net income $1.20B · FCF $-31.7M

2022-FY → 2025-FY

Gross margin

15.7%+2.3% pts

Operating margin

3.0%-0.8% pts

Net margin

2.2%-0.7% pts

FCF margin

-0.1%-4.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$54.00B$54.00B$56.79B$62.58B$64.57B
Net Income$1.20B$1.20B$2.27B$2.39B$1.92B
EBITDA$2.82B$2.82B$4.05B$4.17B$3.38B
EPS3.953.957.498.807.22
Gross Margin15.7%15.7%17.7%16.4%13.3%
Operating Margin3.0%3.0%5.1%5.0%3.8%
Net Margin2.2%2.2%4.0%3.8%3.0%
Balance Sheet
Debt/Equity0.380.380.370.701.01
Current Ratio1.311.31———
Cash Flow
Free Cash Flow$-31.7M$-31.7M$1.41B$459.4M$2.59B
Returns
ROE7.5%7.5%13.9%18.0%19.6%
Valuation
P/E23.6223.6216.4214.8310.76
EV/EBITDA10.1810.188.658.586.69
P/B1.781.782.282.672.10
Growth & Yield
Revenue Growth-4.9%-4.9%-9.3%-3.1%—
EPS Growth-47.3%-47.3%-14.9%21.9%—
Dividend Yield2.8%2.8%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

28.0%

muy exigente

EPS terminal req.

$8.28

Spread vs growth

-75.2%

5Y implied EPS CAGR

20.5%

exigente

EPS terminal req.

$10.02

Spread vs growth

-67.7%

10Y implied EPS CAGR

15.1%

exigente

EPS terminal req.

$16.13

Spread vs growth

-62.4%

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 -3.2%

Total return

-3.2%

Start / end P/E

13.2x → 23.6x

EPS bridge

7.49 → 3.95

Residual

-37.0%

EPS growth-47.3%
Multiple rerating+78.3%
Dividend+2.8%
Residual / FX / buybacks / cross-term-37.0%

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.