Metaage Corporation AI Stock Analysis
Metaage Corporation (6112) AI Stock Analysis
Metaage Corporation
(TWSE:6112)
Metaage scores modestly above the mid-range. The dominant drag is financial quality: despite impressive revenue growth and a strong earnings rebound, the company is consuming large amounts of cash (nearly NT$1.9 billion of negative free cash flow) to fund working capital, and it is financing that burn with debt that has pushed leverage to 1.42x equity. Thin, inconsistent margins leave little margin for error. Offsetting this, technical momentum is clearly favourable, with price trading above all major moving averages on a positive MACD and non-extended RSI, and low beta suggesting limited volatility. Valuation is a balanced consideration — a 22.4x P/E is demanding for a low-margin distributor, but the 3.2% dividend yield offers income appeal. Investors should monitor whether cash conversion normalises as it did in 2025 and whether the debt build-up can be reversed.
Metaage Corporation (6112) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 10.91B
- Dividend Yield
- 2.89%
- Average Volume (3M)
- 3.05M
- Price to Earnings (P/E)
- 23.3
- Beta (1Y)
- 0.66
- Revenue Growth
- 16.31%
- EPS Growth
- 321.53%
- Country
- TW
- Employees
- 1,052
- Sector
- General
- Sector Strength
- 55
- Industry
- Information Technology Services
Metaage Corporation Business Overview & Revenue Model
Company Description
Metaage Corporation specializes in the distribution and resale of information and communication technology (ICT) infrastructure, encompassing both software and hardware solutions, throughout Taiwan. The company offers a comprehensive range of service...
Metaage Corporation Financial Statement Overview
Summary
Revenue has roughly doubled since 2021 to NT$24.6 billion with earnings rebounding to NT$451 million and return on equity recovering to 10.6%, but financial quality is fragile. Margins are razor-thin (gross ~13%, net under 2%) and earnings have been volatile. Leverage has escalated sharply, with debt nearly doubling to NT$6.17 billion and debt-to-equity climbing to 1.42 while equity stayed flat. Most concerning is cash generation: the company burned NT$1.72 billion of operating cash flow and NT$1.91 billion of free cash flow on a trailing-twelve-month basis as working capital ballooned to fund growth, financed largely by new debt.
Income Statement
63PositiveBalance Sheet
49NeutralCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.60B | 21.84B | 18.38B | 19.81B | 12.11B | 11.95B |
| Gross Profit | 3.25B | 2.92B | 2.38B | 2.78B | 1.68B | 1.55B |
| EBITDA | 961.43M | 726.68M | 319.02M | 960.27M | 639.67M | 822.08M |
| Net Income | 451.46M | 342.68M | 113.56M | 592.34M | 412.50M | 577.59M |
Balance Sheet | ||||||
| Total Assets | 16.88B | 14.27B | 13.41B | 11.98B | 9.13B | 8.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.49B | 1.73B | 1.40B | 906.84M | 784.70M | 650.82M |
| Total Debt | 6.17B | 3.46B | 4.14B | 3.31B | 1.94B | 1.63B |
| Total Liabilities | 11.48B | 8.88B | 8.34B | 6.68B | 4.73B | 3.97B |
| Stockholders Equity | 4.33B | 4.31B | 4.07B | 4.45B | 4.24B | 4.29B |
Cash Flow | ||||||
| Free Cash Flow | -1.91B | 1.05B | 537.19M | -58.48M | 486.88M | -202.64M |
| Operating Cash Flow | -1.72B | 1.07B | 598.89M | -47.02M | 495.61M | -195.00M |
| Investing Cash Flow | 47.04M | 159.18M | -128.03M | -645.78M | -128.65M | 147.84M |
| Financing Cash Flow | 1.71B | -870.52M | -37.80M | 777.22M | -265.31M | -42.45M |
Metaage Corporation Peers Comparison
Overall Rating
TW:681169Neutral
TW:687066Neutral- TW:611257Neutral
TW:328955Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6811 | 69Neutral | TWD 9.95B | 13.63 | ― | 4.37% | 30.33% | 25.72% |
| TW:6870 | 66Neutral | TWD 12.71B | 59.85 | ― | 0.72% | 34.69% | 64.43% |
| TW:6112 | 57Neutral | TWD 10.74B | 23.33 | ― | 2.89% | 16.31% | 321.53% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3289 | 55Neutral | TWD 9.76B | 24.38 | ― | 4.26% | -1.90% | -10.19% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6112 | Metaage Corporation | 57.00 | 7.93 | 16.16% | |
| TW:3289 | Integrated Service Technology Inc. | 118.00 | 12.99 | 12.37% | |
| TW:6811 | Acer E-Enabling Service Business Inc. | 240.00 | 27.41 | 12.89% | |
| TW:6870 | Turn Cloud Technology Service Inc. | 449.00 | 291.95 | 185.89% | |
| TW:7765 | CHT Security Co., Ltd. | 241.00 | -24.81 | -9.33% | |
| TW:7928 | AuthenX Inc. | 273.00 | -377.00 | -58.00% |
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