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Dimerco Data System Corporation (5403) AI Stock Analysis

TW:5403

Dimerco Data System Corporation

(TPEx:5403)

Select Model
Rating:77Outperform
Price Target:TWD 96.00â–²(8.84% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by strong financial performance and attractive valuation, especially the robust balance sheet, profitability, cash generation, low P/E ratio, and high dividend yield. These strengths are tempered by weak technical momentum and a price below all major moving averages.

Positive Factors
Accelerating Revenue GrowthThe sustained acceleration in reported revenue growth indicates expanding business activity and improving commercial momentum. If maintained, stronger top-line growth can support reinvestment, operating scale, and durable earnings growth over the next several quarters.
Negative Factors
Uneven Cash ConversionAlthough absolute cash generation is strong, conversion below one and volatile free-cash-flow growth make the timing and reliability of cash less predictable than reported earnings. This can complicate reinvestment, distributions, and working-capital management.

Dimerco Data System Corporation (5403) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%TW:5403-19.74%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 6.62B
Dividend Yield
7.37%
Average Volume (3M)
44.11K
Price to Earnings (P/E)
10.7
Beta (1Y)
0.26
Revenue Growth
2.60%
EPS Growth
-2.42%
Country
TW
Employees
447
Sector
General
Sector Strength
55
Industry
Software - Application

Dimerco Data System Corporation Business Overview & Revenue Model

Company Description

Dimerco Data System Corporation, along with its affiliated entities, specializes in the creation, development, and distribution of a variety of software solutions throughout Taiwan. Its business operations are organized into three primary divisions:...

Dimerco Data System Corporation Financial Statement Overview

Summary

Strong financial profile, led by an exceptionally healthy balance sheet, solid revenue and profit growth, high profitability, and substantial cash generation. Moderating margins, slower net income growth than revenue, and weaker free-cash-flow growth limit the score.

Income Statement

84Very Positive

Balance Sheet

95Very Positive

Cash Flow

80Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.37B3.41B3.16B2.77B2.48B2.27B
Gross Profit1.35B1.32B1.23B1.10B979.10M826.44M
EBITDA787.50M823.02M791.42M700.81M579.47M483.31M
Net Income613.95M632.25M619.16M607.88M497.06M404.77M
Balance Sheet
Total Assets4.62B4.97B4.72B4.45B5.23B4.66B
Cash, Cash Equivalents and Short-Term Investments892.69M1.57B1.25B1.25B689.39M352.05M
Total Debt4.08M5.19M00117.60M340.45M
Total Liabilities2.09B2.15B2.08B2.02B2.87B2.60B
Stockholders Equity2.53B2.81B2.64B2.43B2.06B1.86B
Cash Flow
Free Cash Flow567.08M752.95M499.95M510.89M661.96M523.90M
Operating Cash Flow598.18M768.25M655.13M520.94M676.85M579.88M
Investing Cash Flow-317.62M-64.98M-187.18M372.63M48.70M121.51M
Financing Cash Flow-463.92M-385.76M-460.32M-323.36M-257.80M-784.17M

Dimerco Data System Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:5403 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:5403TW:540377OutperformTWD 6.87B10.69―7.37%2.60%-2.42%
TW:5278TW:527872OutperformTWD 7.27B21.00―5.48%16.37%66.96%
TW:2397TW:239756NeutralTWD 6.35B16.95―4.31%16.92%-16.99%
TW:6416TW:641656NeutralTWD 7.66B20.00―2.62%22.37%69.38%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:3062TW:306243NeutralTWD 6.39B-9.39――-1.21%-212.49%
TW:8234TW:823443NeutralTWD 7.22B81.22―0.77%4.36%-21.02%

* General Sector Average

Performance Comparison

-20%0%20%40%60%TW:5403TW:2397TW:3062TW:5278TW:6416TW:8234Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:5403 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:5403Dimerco Data System Corporation88.20-22.16-20.08%
TW:2397DFI Inc.56.90-2.56-4.30%
TW:3062CyberTAN Technology, Inc.18.60-7.60-29.01%
TW:5278Sunfun Info Co., Ltd.24.15-6.22-20.49%
TW:6416Caswell, Inc.107.0029.4938.04%
TW:8234Nexcom International Co., Ltd.51.70-22.64-30.46%
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 10, 2026