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6148.TWO$31.65+9.90%
Fair $31.65+0.0%

6148.TWO

Azion Corporation

Technology / Communication EquipmentTaipei Exchange

$31.65

+2.85 (+9.90%)

Fairly Valued+0.0%Fair Value $31.65Fund rank 30/100 · Data gapFallback financials|
SA 45/C
F-Score: 3/9

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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $25.7M · quality 50.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 41/100Data 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

45/100

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: 0unknown: 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.
Thesis & Journal · 6148.TWOLocal privado en este navegador · Azion 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

$1.5B

P/E

23.3x

↑

EV/EBITDA

15.3x

↑

ROE

10.5%

↑

Gross Margin

22.5%

↓

Debt/Equity

0.43

↑
52-Week Range$32
$28$72

TradingView lightweight chart

6148.TWO price, volumen y niveles de valoración

Último $31.65Periodo +110.4%
Fair value: $31.65

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

+21.5%

FCF CAGR

-37.2%

FCF margin

2.8%

FCF / Net income

0.40x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $903.9M · net income $63.5M · FCF $25.7M

2022-FY → 2025-FY

Gross margin

22.5%-7.3% pts

Operating margin

7.1%+1.8% pts

Net margin

7.0%-0.5% pts

FCF margin

2.8%-17.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$903.9M$903.9M$754.6M$885.0M$504.5M
Net Income$63.5M$63.5M$72.0M$76.0M$37.9M
EBITDA$91.9M$91.9M$103.8M$113.0M$60.9M
EPS——1.541.640.83
Gross Margin22.5%22.5%23.3%26.6%29.7%
Operating Margin7.1%7.1%6.9%9.7%5.3%
Net Margin7.0%7.0%9.5%8.6%7.5%
Balance Sheet
Debt/Equity0.430.430.390.380.28
Current Ratio1.671.67———
Cash Flow
Free Cash Flow$25.7M$25.7M$9.8M$58.8M$103.8M
Returns
ROE10.5%10.5%11.9%12.9%7.1%
Valuation
P/E23.2723.2716.2021.7115.00
EV/EBITDA15.2915.2910.2013.167.21
P/B2.442.441.922.801.06
Growth & Yield
Revenue Growth19.8%19.8%-14.7%75.4%—
EPS Growth——-6.1%97.6%—
Dividend Yield3.9%3.9%———

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 -46.7%

Total return

-46.7%

Start / end P/E

n/dx → n/dx

EPS bridge

1.54 → n/d

Residual

-50.5%

EPS growthn/d
Multiple reratingn/d
Dividend+3.9%
Residual / FX / buybacks / cross-term-50.5%

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.