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6443.TW$42.10+3.44%
Fair $42.10+0.0%

6443.TW

TSEC Corporation

Technology / SolarTaiwan

$42.10

+1.40 (+3.44%)

Fairly Valued+0.0%Fair Value $42.10Fund rank 25/100 · Data gapFallback financials|
SA 34/D
F-Score: 2/9
Declining RevenueLow 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 17%

FCF escenarios

weak_data · normalized FCF $167.9M · quality 40.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 14/100Data 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

34/100

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: 2unknown: 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 ROE is -87.9%, below the 5% threshold
Thesis & Journal · 6443.TWLocal privado en este navegador · TSEC 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

$21.6B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-87.9%

↓

Gross Margin

-74.2%

↓

Debt/Equity

0.61

↑
52-Week Range$42
$12$57

TradingView lightweight chart

6443.TW price, volumen y niveles de valoración

Último $42.10Periodo +37.4%
Fair value: $42.10

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

-41.3%

FCF CAGR

—

FCF margin

9.5%

FCF / Net income

-0.05x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.83B · net income $-3.20B · FCF $173.4M

2022-FY → 2025-FY

Gross margin

-74.2%-81.7% pts

Operating margin

-152.8%-155.8% pts

Net margin

-175.3%-177.4% pts

FCF margin

9.5%+22.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.83B$1.83B$4.51B$8.26B$9.01B
Net Income$-3.20B$-3.20B$-600.3M$527.3M$189.7M
EBITDA$-2.23B$-2.23B$191.1M$1.49B$849.4M
EPS——-1.171.040.41
Gross Margin-74.2%-74.2%7.1%15.4%7.5%
Operating Margin-152.8%-152.8%-13.3%5.7%2.9%
Net Margin-175.3%-175.3%-13.3%6.4%2.1%
Balance Sheet
Debt/Equity0.610.610.380.400.56
Current Ratio1.241.24———
Cash Flow
Free Cash Flow$173.4M$173.4M$61.2M$167.9M$-1.13B
Returns
ROE-87.9%-87.9%-8.8%6.9%3.1%
Valuation
P/E———27.8884.24
EV/EBITDA——58.4411.3521.78
P/B5.935.931.351.972.59
Growth & Yield
Revenue Growth-59.6%-59.6%-45.4%-8.3%—
EPS Growth——-212.5%153.7%—

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 +159.1%

Total return

+159.1%

Start / end P/E

n/dx → n/dx

EPS bridge

-1.17 → n/d

Residual

+159.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+159.1%

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.