Star Fusion Group Co Ltd AI Stock Analysis
Star Fusion Group Co Ltd (6111) AI Stock Analysis
Star Fusion Group Co Ltd
(TPEx:6111)
Star Fusion scores at the bottom of the range, driven primarily by a high-risk financial profile: an eightfold increase in debt to NT$16.9bn against only NT$1.7bn of equity (~9.7x leverage), collapsing gross margins, a swing back to a net loss, and deeply negative free cash flow of -NT$1.69bn. Rapid revenue growth is the one genuine strength, but it has not translated into profit or cash. Technicals reinforce the caution, with the price below all major moving averages and a negative MACD, while oversold RSI and Stochastic readings suggest only the possibility of a short-term bounce. Valuation provides no cushion given negative earnings and no dividend. The investment case depends entirely on the new asset base turning profitable before financing costs overwhelm the business.
Star Fusion Group Co Ltd (6111) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.56B
- Dividend Yield
- ―
- Average Volume (3M)
- 155.52K
- Price to Earnings (P/E)
- -7.4
- Beta (1Y)
- 0.69
- Revenue Growth
- 120.72%
- EPS Growth
- -806.89%
- Country
- TW
- Employees
- 735
- Sector
- General
- Sector Strength
- 55
- Industry
- Leisure
Star Fusion Group Co Ltd Business Overview & Revenue Model
Company Description
Operating both within Taiwan and globally, Star Fusion Group Co., Ltd. and its various subsidiaries are actively engaged in the research, development, design, and distribution of online games, game software, educational programs, and computer periphe...
Star Fusion Group Co Ltd Financial Statement Overview
Summary
Very weak overall. Revenue has scaled impressively (roughly NT$545m in 2020 to ~NT$7.4bn, +45% last year), but gross margin collapsed from 83.5% to 23.6% and the company swung back to a net loss of ~NT$470m with operating income at -NT$711m (Income Statement score 33). The balance sheet is the biggest risk: total borrowings jumped from NT$2.1bn to NT$16.9bn while equity slipped to NT$1.74bn, leaving debt-to-equity near 9.7x, equity at just ~6% of assets, and ROE at -26.9% (score 18). Cash flow is equally fragile, with operating cash flow at -NT$67m and free cash flow at -NT$1.69bn on heavy capex, making the company reliant on external financing (score 20).
Income Statement
33NegativeBalance Sheet
18Very NegativeCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.09B | 7.39B | 5.10B | 3.26B | 2.25B | 559.41M |
| Gross Profit | 2.22B | 1.74B | 1.76B | 1.09B | 891.33M | 393.10M |
| EBITDA | 668.76M | -84.82M | 645.73M | -57.97M | 724.97M | 1.16B |
| Net Income | -914.07M | -469.94M | 77.64M | -335.13M | 618.79M | 740.65M |
Balance Sheet | ||||||
| Total Assets | 31.26B | 29.01B | 7.89B | 7.13B | 5.32B | 3.05B |
| Cash, Cash Equivalents and Short-Term Investments | 6.25B | 5.48B | 1.46B | 1.19B | 2.00B | 1.91B |
| Total Debt | 15.95B | 16.89B | 2.13B | 2.01B | 844.34M | 236.14M |
| Total Liabilities | 20.92B | 21.04B | 3.85B | 4.14B | 2.05B | 883.11M |
| Stockholders Equity | 1.82B | 1.74B | 2.05B | 1.55B | 1.98B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.51B | -1.69B | -121.41M | -463.83M | -1.08B | 362.95M |
| Operating Cash Flow | 248.28M | -66.89M | 30.85M | -357.05M | -1.04B | 372.80M |
| Investing Cash Flow | 733.44M | 106.30M | -149.07M | -811.80M | 1.28B | 1.20B |
| Financing Cash Flow | 989.54M | 1.33B | 341.39M | 422.58M | -451.88M | -14.53M |
Star Fusion Group Co Ltd Peers Comparison
Overall Rating
TW:675273Outperform
TW:828471Outperform
TW:328770Outperform
TW:543268Neutral
TW:774766Neutral- TW:611137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6752 | 73Outperform | TWD 3.43B | 13.04 | ― | 5.02% | 8.76% | -2.12% |
| TW:8284 | 71Outperform | TWD 3.20B | 10.13 | ― | 5.92% | 9.88% | 62.04% |
| TW:3287 | 70Outperform | TWD 3.48B | 9.70 | ― | 1.89% | 20.68% | ― |
| TW:5432 | 68Neutral | TWD 3.33B | 17.46 | ― | 0.93% | 16.37% | 526.93% |
| TW:7747 | 66Neutral | TWD 3.23B | 21.25 | ― | 5.48% | 8.88% | 38.18% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6111 | 37Underperform | TWD 3.18B | -7.36 | ― | ― | 120.72% | -806.89% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6111 | Star Fusion Group Co Ltd | 29.35 | -19.35 | -39.73% | |
| TW:3287 | KWorld Computer Co., Ltd. | 79.20 | 48.62 | 159.03% | |
| TW:5432 | Solomon Data International Corporation | 161.00 | 29.91 | 22.82% | |
| TW:6752 | Galaxy Software Services Corporation | 89.70 | -27.52 | -23.48% | |
| TW:7747 | GrandTech Cloud Services Inc. | 107.00 | -8.88 | -7.66% | |
| TW:8284 | Mitake Information Corp. | 67.60 | 8.86 | 15.09% |
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