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9941.TW$77.00+4.62%
Fair $77.00+0.0%

9941.TW

Taiwan Acceptance Corporation

Financial Services / Credit ServicesTaiwan

$77.00

+3.40 (+4.62%)

Fairly Valued+0.0%Fair Value $77.00Fund rank 18/100 · Data gapFallback financials|
SA 36/D
F-Score: 6/9
High Debt

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 61.0/100

Data gap 18/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 11/100Data 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

36/100

D

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: 1unknown: 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. Debt-to-Equity ratio is 5.43, above the 2.0 threshold
Thesis & Journal · 9941.TWLocal privado en este navegador · Taiwan Acceptance 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

$44.3B

P/E

10.5x

↓

EV/EBITDA

55.2x

↑

ROE

11.5%

↑

Gross Margin

17.5%

↓

Debt/Equity

5.43

↑
52-Week Range$77
$72$110

TradingView lightweight chart

9941.TW price, volumen y niveles de valoración

Último $77.00Periodo +782.2%
Fair value: $77.00

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

+11.9%

FCF CAGR

—

FCF margin

72.3%

FCF / Net income

3.28x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $21.09B · net income $4.65B · FCF $15.25B

2022-FY → 2025-FY

Gross margin

17.5%-1.4% pts

Operating margin

-24.9%+17.7% pts

Net margin

22.1%-16.5% pts

FCF margin

72.3%+281.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$21.09B$21.09B$19.35B$17.06B$15.03B
Net Income$4.65B$4.65B$5.10B$6.27B$5.80B
EBITDA$4.67B$4.67B$3.96B$3.52B$3.00B
EPS——8.2210.5410.44
Gross Margin17.5%17.5%16.5%18.5%18.9%
Operating Margin-24.9%-24.9%-32.9%-39.6%-42.5%
Net Margin22.1%22.1%26.4%36.8%38.6%
Balance Sheet
Debt/Equity5.435.435.916.466.58
Current Ratio0.990.99———
Cash Flow
Free Cash Flow$15.25B$15.25B$11.80B$-14.54B$-31.44B
Returns
ROE11.5%11.5%13.2%17.2%17.5%
Valuation
P/E10.5210.5213.6116.8513.23
EV/EBITDA55.1755.1773.5893.7094.87
P/B1.091.091.792.812.23
Growth & Yield
Revenue Growth8.9%8.9%13.4%13.5%—
EPS Growth——-22.0%1.0%—
Dividend Yield5.9%5.9%———

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 -23.7%

Total return

-23.7%

Start / end P/E

n/dx → n/dx

EPS bridge

8.22 → n/d

Residual

-29.7%

EPS growthn/d
Multiple reratingn/d
Dividend+5.9%
Residual / FX / buybacks / cross-term-29.7%

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.