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6020.TWO$24.10+0.00%
Fair $24.10+0.0%

6020.TWO

Tachan Securities Co., Ltd.

Financial Services / Capital MarketsTaipei Exchange

$24.10

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $24.10Fund rank 28/100 · Data gapFallback financials|
SA 59/C
F-Score: 3/9
Declining RevenueLow Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 12.0/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 32/100Data 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

59/100

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: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); financial Book/ROE targets are disabled until manually verified. Revenue has declined for 2 consecutive years ROE is 2.0%, below the 5% threshold
Thesis & Journal · 6020.TWOLocal privado en este navegador · Tachan Securities 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

$6.1B

P/E

61.8x

↑

EV/EBITDA

45.9x

↑

ROE

2.0%

↓

Gross Margin

96.4%

↑

Debt/Equity

0.52

↑
52-Week Range$24
$18$25

TradingView lightweight chart

6020.TWO price, volumen y niveles de valoración

Último $24.10Periodo +42.9%
Fair value: $24.10

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

+184.9%

FCF CAGR

+9.7%

FCF margin

188.9%

FCF / Net income

4.70x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $246.3M · net income $98.9M · FCF $465.2M

2022-FY → 2025-FY

Gross margin

96.4%+55.3% pts

Operating margin

25.9%+1408.7% pts

Net margin

40.2%+2572.3% pts

FCF margin

188.9%-3116.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$246.3M$246.3M$337.8M$517.8M$10.7M
Net Income$98.9M$98.9M$182.4M$326.0M$-269.7M
EBITDA$150.5M$150.5M$245.2M$381.4M$-232.3M
EPS——0.721.29-1.07
Gross Margin96.4%96.4%97.2%98.6%41.1%
Operating Margin25.9%25.9%40.6%57.6%-1382.8%
Net Margin40.2%40.2%54.0%63.0%-2532.1%
Balance Sheet
Debt/Equity0.520.520.340.520.39
Current Ratio1.831.83———
Cash Flow
Free Cash Flow$465.2M$465.2M$16.2M$14.1M$352.1M
Returns
ROE2.0%2.0%3.8%7.1%-6.6%
Valuation
P/E61.7961.7925.9714.65—
EV/EBITDA45.9245.9220.4314.66—
P/B1.241.240.981.031.15
Growth & Yield
Revenue Growth-27.1%-27.1%-34.8%4760.9%—
EPS Growth——-44.2%220.6%—
Dividend Yield1.1%1.1%———

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 +30.4%

Total return

+30.4%

Start / end P/E

n/dx → n/dx

EPS bridge

0.72 → n/d

Residual

+29.2%

EPS growthn/d
Multiple reratingn/d
Dividend+1.1%
Residual / FX / buybacks / cross-term+29.2%

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.