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6938.TWO$98.50-2.48%
Fair $98.50+0.0%

6938.TWO

6938.TWO

Technology / Information Technology ServicesTaipei Exchange

$98.50

-2.50 (-2.48%)

Fairly Valued+0.0%Fair Value $98.50Fund rank 30/100 · Data gapFallback financials|
SA 64/B
F-Score: 6/9

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 31% · confianza 25%

FCF escenarios

weak_data · normalized FCF $39.5M · quality 52.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 34/100Data 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

64/100

B

Piotroski

6/9

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 · 6938.TWOLocal privado en este navegador · 6938.TWO
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

$1.2B

P/E

16.2x

↓

EV/EBITDA

9.9x

↓

ROE

25.3%

↑

Gross Margin

31.0%

↓

Debt/Equity

0.13

↓
52-Week Range$99
$72$133

TradingView lightweight chart

6938.TWO price, volumen y niveles de valoración

Último $98.50Periodo +5.9%
Fair value: $98.50

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

+14.0%

FCF CAGR

+158.5%

FCF margin

14.4%

FCF / Net income

1.26x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $676.6M · net income $77.3M · FCF $97.6M

2022-FY → 2025-FY

Gross margin

31.0%+3.7% pts

Operating margin

14.2%+4.0% pts

Net margin

11.4%+3.2% pts

FCF margin

14.4%+13.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$676.6M$676.6M$711.9M$687.1M$456.8M
Net Income$77.3M$77.3M$75.8M$63.5M$37.7M
EBITDA$111.0M$111.0M$108.5M$90.8M$57.5M
EPS——5.975.753.53
Gross Margin31.0%31.0%28.1%25.5%27.4%
Operating Margin14.2%14.2%13.2%11.6%10.2%
Net Margin11.4%11.4%10.7%9.2%8.3%
Balance Sheet
Debt/Equity0.130.130.160.120.07
Cash Flow
Free Cash Flow$97.6M$97.6M$6.6M$39.5M$5.6M
Returns
ROE25.3%25.3%26.2%25.0%20.9%
Valuation
P/E16.2316.2313.57——
EV/EBITDA9.869.868.44——
P/B4.054.053.55——
Growth & Yield
Revenue Growth-5.0%-5.0%3.6%50.4%—
EPS Growth——3.8%62.9%—
Dividend Yield5.0%5.0%———

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 +13.1%

Total return

+13.1%

Start / end P/E

n/dx → n/dx

EPS bridge

5.97 → n/d

Residual

+8.1%

EPS growthn/d
Multiple reratingn/d
Dividend+5.0%
Residual / FX / buybacks / cross-term+8.1%

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.