Fortune Information System Corp. AI Stock Analysis
Fortune Information System Corp. (2468) AI Stock Analysis
Fortune Information System Corp.
(TWSE:2468)
Fortune Information System scores in the moderate range. Fundamentals are mixed: a very under-levered balance sheet and record 2025 revenue and profit are offset by sub-10% gross margins, a modest 6.9% return on equity, and a sizeable NT$293 million operating cash burn driven by working capital expansion. Technicals are the standout positive, with the share price trading above all major moving averages and momentum indicators confirming a sustained uptrend. Valuation is the main counterweight — a 45x P/E is expensive for a thin-margin IT integrator, and the 1.66% dividend yield provides only limited support. Key watch points are whether revenue growth converts into cash and whether gross margin stabilizes.
Fortune Information System Corp. (2468) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.74B
- Dividend Yield
- 1.46%
- Average Volume (3M)
- 11.69M
- Price to Earnings (P/E)
- 50.2
- Beta (1Y)
- 0.12
- Revenue Growth
- -1.96%
- EPS Growth
- 18.20%
- Country
- TW
- Employees
- 421
- Sector
- General
- Sector Strength
- 55
- Industry
- Information Technology Services
Fortune Information System Corp. Business Overview & Revenue Model
Company Description
Fortune Information Systems Corp (FISC) is a well-established Taiwanese firm specializing in comprehensive information system integration and a broad range of professional IT services. Their expertise spans enterprise cloud solutions, covering both p...
Fortune Information System Corp. Financial Statement Overview
Summary
Fiscal 2025 produced the best revenue and earnings of the review period — sales up roughly 20% to about NT$2.69 billion and net income up 31% to NT$87.5 million — supported by a conservative balance sheet with debt-to-equity near 0.10 and equity funding more than half of assets. However, quality is limited: gross margin slipped below 10%, net margin is only 3.2%, and return on equity is a modest 6.9%. The biggest drag is cash flow, with roughly NT$293 million of operating cash burned in 2025 as working capital ballooned to support growth, reversing strongly positive cash generation in 2024 and continuing an erratic multi-year pattern.
Income Statement
64PositiveBalance Sheet
74PositiveCash Flow
33Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.54B | 2.69B | 2.25B | 2.34B | 2.27B | 2.15B |
| Gross Profit | 279.14M | 266.01M | 245.08M | 270.75M | 246.49M | 231.96M |
| EBITDA | 109.28M | 129.34M | 107.13M | 119.18M | 96.49M | 72.57M |
| Net Income | 95.04M | 87.51M | 66.86M | 78.38M | 63.53M | 44.68M |
Balance Sheet | ||||||
| Total Assets | 2.59B | 2.39B | 2.16B | 2.02B | 2.16B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 314.27M | 281.95M | 604.44M | 433.97M | 335.42M | 421.56M |
| Total Debt | 210.39M | 124.82M | 20.95M | 93.20M | 241.01M | 190.97M |
| Total Liabilities | 1.34B | 1.12B | 902.16M | 785.00M | 960.30M | 709.69M |
| Stockholders Equity | 1.25B | 1.28B | 1.26B | 1.23B | 1.20B | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | 46.00M | -293.52M | 342.97M | 297.43M | -94.97M | 183.51M |
| Operating Cash Flow | 47.09M | -293.33M | 346.35M | 300.66M | -90.24M | 185.65M |
| Investing Cash Flow | -29.05M | -50.76M | 4.19M | -25.43M | 19.35M | -21.89M |
| Financing Cash Flow | -1.81M | 37.92M | -146.62M | -195.53M | 18.54M | -165.59M |
Fortune Information System Corp. Peers Comparison
Overall Rating
TW:773877Outperform- TW:246864Neutral
TW:242762Neutral
TW:616346Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:7738 | 77Outperform | TWD 4.36B | 12.34 | ― | 6.27% | ― | ― |
| TW:2468 | 64Neutral | TWD 4.62B | 50.22 | ― | 1.46% | -1.96% | 18.20% |
| TW:2427 | 62Neutral | TWD 4.28B | 86.30 | ― | 3.53% | 21.74% | -84.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6163 | 46Neutral | TWD 5.43B | 42.55 | ― | 1.50% | 24.16% | 78.64% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2468 | Fortune Information System Corp. | 68.30 | 26.67 | 64.08% | |
| TW:2427 | Mercuries Data Systems Ltd. | 19.85 | -5.94 | -23.04% | |
| TW:6163 | Hwacom Systems Inc | 38.50 | 11.44 | 42.28% | |
| TW:7738 | Eastern Union Interactive Corp. | 159.50 | -27.19 | -14.56% | |
| TW:7901 | Da Da Broadband Ltd. | 73.50 | -1.48 | -1.98% | |
| TW:8045 | Twoway Communications Inc. | 41.95 | -38.66 | -47.96% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026