Sysgration Ltd. (5309) AI Stock Analysis

Sysgration Ltd.

(TPEx:5309)

Select Model

Rating:35Underperform

Price Target:TWD 48.00▼(-9.77% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is very low, driven primarily by a severe deterioration in financial health, particularly a massive cash burn and collapsing profitability. This is compounded by a bearish technical trend with the stock in a clear downtrend and an extremely stretched valuation with a P/E ratio over 300, indicating high risk across all key areas.

Positive Factors

Revenue RecoveryThe return to revenue growth indicates that demand and market activity recovered after two weaker years. Although the increase was modest, renewed top-line expansion can support operating leverage and provide a foundation for rebuilding profitability if growth persists.

Negative Factors

Sharp Debt IncreaseThe sharp increase in debt materially raises financial risk and reduces flexibility while profitability is weakening. Higher obligations can constrain future investment and make the company more sensitive to operating setbacks, refinancing needs, and pressure on cash generation.

Sysgration Ltd. (5309) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 12.24B
Dividend Yield: 0.94%
Average Volume (3M): 5.64M
Price to Earnings (P/E): 280.0
Beta (1Y): 1.08
Revenue Growth: 11.31%
EPS Growth: 81.90%
Country: TW
Employees: 541
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Sysgration Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Taipei, Taiwan, and established in 1977, Sysgration Ltd. specializes in the global manufacturing and distribution of automotive electronics and comprehensive power management solutions. The company offers a diverse portfolio of produ...

Sysgration Ltd. Financial Statement Overview

Summary

Financial health is under significant strain. While revenue growth has rebounded strongly, profitability has deteriorated sharply with a negative EBIT margin. The balance sheet shows a rapid doubling of debt, increasing leverage. Most critically, operating cash flow has collapsed and free cash flow is deeply negative, indicating an unsustainable cash burn.

Income Statement

38Negative

Balance Sheet

45Neutral

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.45B	3.39B	3.11B	3.28B	3.40B	2.45B
Gross Profit	791.86M	798.48M	751.83M	810.87M	804.55M	488.52M
EBITDA	95.31M	201.33M	334.57M	422.36M	462.12M	196.30M
Net Income	22.28M	52.94M	116.05M	255.48M	338.50M	95.35M
Balance Sheet
Total Assets	8.45B	7.33B	5.08B	4.77B	3.57B	2.90B
Cash, Cash Equivalents and Short-Term Investments	3.37B	2.71B	1.86B	2.16B	1.33B	942.76M
Total Debt	1.80B	2.10B	857.91M	849.90M	810.95M	731.22M
Total Liabilities	2.79B	3.08B	1.79B	1.80B	1.63B	1.70B
Stockholders Equity	5.30B	3.85B	3.08B	2.98B	1.94B	1.21B
Cash Flow
Free Cash Flow	-723.66M	-721.77M	-274.56M	325.01M	471.00K	-102.72M
Operating Cash Flow	102.44M	85.09M	454.13M	544.40M	174.98M	-29.66M
Investing Cash Flow	-874.12M	-920.23M	-603.65M	-337.56M	-252.23M	-95.00M
Financing Cash Flow	3.28B	1.66B	-256.73M	753.41M	452.01M	63.52M

Sysgration Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5309 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3209	59Neutral	TWD 11.76B	7.99	―	4.18%	40.47%	194.80%
TW:6189	57Neutral	TWD 11.30B	11.12	―	6.34%	-2.75%	36.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3701	50Neutral	TWD 14.96B	-26.73	―	0.32%	-16.41%	-435.36%
TW:2332	41Neutral	TWD 9.72B	-35.40	―	0.62%	5.89%	51.67%
TW:5309	35Underperform	TWD 12.79B	280.00	―	0.94%	11.31%	81.90%
TW:2231	34Underperform	TWD 10.74B	-86.93	―	0.64%	-19.23%	-116.76%

* General Sector Average

Performance Comparison

TW:5309 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5309	Sysgration Ltd.	53.20	-1.95	-3.53%
TW:2231	CUB Elecparts, Inc.	77.80	-21.51	-21.66%
TW:2332	D-Link Corporation	16.65	1.10	7.07%
TW:3209	Alltek Technology Corp.	47.80	17.08	55.59%
TW:3701	FIC Global, Inc.	69.50	37.10	114.51%
TW:6189	Promate Electronic Co., Ltd.	42.60	-0.22	-0.51%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Sysgration Ltd. AI Stock Analysis