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5438.TWO$19.35+1.31%
Fair $19.35+0.0%

5438.TWO

Teco Image Systems Co., Ltd.

Industrials / Business Equipment & SuppliesTaipei Exchange

$19.35

+0.25 (+1.31%)

Fairly Valued+0.0%Fair Value $19.35Fund rank 25/100 · Data gapFallback financials|
SA 35/D
F-Score: 2/9
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 18%

FCF escenarios

weak_data · normalized FCF $2.8M · quality 43.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 10/100Data 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

35/100

D

Piotroski

2/9

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 1.2%, below the 5% threshold
Thesis & Journal · 5438.TWOLocal privado en este navegador · Teco Image 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

$2.2B

P/E

37.9x

↑

EV/EBITDA

16.5x

↑

ROE

1.2%

↓

Gross Margin

15.4%

↓

Debt/Equity

0.09

↓
52-Week Range$19
$18$32

TradingView lightweight chart

5438.TWO price, volumen y niveles de valoración

Último $19.35Periodo -49.1%
Fair value: $19.35

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

-9.0%

FCF CAGR

—

FCF margin

0.2%

FCF / Net income

0.07x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.30B · net income $40.7M · FCF $2.8M

2022-FY → 2025-FY

Gross margin

15.4%+0.5% pts

Operating margin

-3.1%-0.3% pts

Net margin

3.1%-0.6% pts

FCF margin

0.2%+3.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.30B$1.30B$1.33B$1.20B$1.72B
Net Income$40.7M$40.7M$86.9M$7.1M$64.4M
EBITDA$113.3M$113.3M$153.0M$65.4M$144.2M
EPS——1.090.090.81
Gross Margin15.4%15.4%17.8%15.4%14.9%
Operating Margin-3.1%-3.1%-1.9%-7.8%-2.7%
Net Margin3.1%3.1%6.5%0.6%3.7%
Balance Sheet
Debt/Equity0.090.090.040.110.21
Current Ratio2.612.61———
Cash Flow
Free Cash Flow$2.8M$2.8M$7.3M$-42.4M$-63.0M
Returns
ROE1.2%1.2%2.7%0.3%3.1%
Valuation
P/E37.9437.9424.04194.4420.68
EV/EBITDA16.5416.5412.1318.339.46
P/B0.650.650.650.550.64
Growth & Yield
Revenue Growth-2.7%-2.7%11.5%-30.5%—
EPS Growth——1111.1%-88.9%—
Dividend Yield3.4%3.4%———

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 -6.6%

Total return

-6.6%

Start / end P/E

n/dx → n/dx

EPS bridge

1.09 → n/d

Residual

-10.0%

EPS growthn/d
Multiple reratingn/d
Dividend+3.4%
Residual / FX / buybacks / cross-term-10.0%

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.