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6903.TWO$392.50-2.12%
Fair $392.50+0.0%

6903.TWO

Jiu Han System Technology Co., Ltd.

Industrials / Engineering & ConstructionTaipei Exchange

$392.50

-8.50 (-2.12%)

Fairly Valued+0.0%Fair Value $392.50Fund rank 30/100 · Data gapFallback financials|
SA 48/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 32% · confianza 22%

FCF escenarios

weak_data · normalized FCF $770.7M · quality 51.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 33/100Data 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

48/100

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 · 6903.TWOLocal privado en este navegador · Jiu Han System Technology 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

$25.8B

P/E

37.1x

↑

EV/EBITDA

27.9x

↑

ROE

21.6%

↑

Gross Margin

27.7%

↑

Debt/Equity

0.27

↓
52-Week Range$393
$98$452

TradingView lightweight chart

6903.TWO price, volumen y niveles de valoración

Último $392.50Periodo +260.3%
Fair value: $392.50

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

-8.6%

FCF CAGR

+11.8%

FCF margin

21.4%

FCF / Net income

1.09x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.60B · net income $705.5M · FCF $770.7M

2022-FY → 2025-FY

Gross margin

27.7%-11.0% pts

Operating margin

23.8%-9.7% pts

Net margin

19.6%-8.0% pts

FCF margin

21.4%+9.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.60B$3.60B$2.89B$2.87B$4.72B
Net Income$705.5M$705.5M$594.3M$820.5M$1.30B
EBITDA$890.6M$890.6M$767.8M$1.05B$1.64B
EPS——9.2513.4721.12
Gross Margin27.7%27.7%30.3%40.6%38.7%
Operating Margin23.8%23.8%25.1%36.0%33.5%
Net Margin19.6%19.6%20.6%28.6%27.6%
Balance Sheet
Debt/Equity0.270.270.090.000.21
Current Ratio2.812.81———
Cash Flow
Free Cash Flow$770.7M$770.7M$-551.4M$1.14B$551.5M
Returns
ROE21.6%21.6%18.5%37.6%65.1%
Valuation
P/E37.0637.0613.8412.296.18
EV/EBITDA27.9227.928.417.854.16
P/B7.907.902.574.624.02
Growth & Yield
Revenue Growth24.9%24.9%0.6%-39.2%—
EPS Growth——-31.3%-36.2%—
Dividend Yield2.0%2.0%———

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 +230.5%

Total return

+230.5%

Start / end P/E

n/dx → n/dx

EPS bridge

9.25 → n/d

Residual

+228.5%

EPS growthn/d
Multiple reratingn/d
Dividend+2.0%
Residual / FX / buybacks / cross-term+228.5%

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.