Metaage Corporation (6112) AI Stock Analysis

Metaage Corporation

(TWSE:6112)

Select Model

Rating:55Neutral

Price Target:TWD 53.00▼(-8.62% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak financial performance from negative cash flows and high leverage is the dominant factor; positive technical momentum provides partial offset while valuation remains reasonable.

Positive Factors

Revenue RecoveryThe strong TTM revenue rebound indicates that demand and commercial activity have recovered from the weaker 2024 period. If maintained, improved top-line momentum can support operating leverage, reinforce market presence, and provide a stronger base for earnings growth over the next several quarters.

Negative Factors

Higher LeverageThe sharp increase in borrowing and elevated debt-to-equity ratio materially reduce financial flexibility. Higher leverage can increase financing costs and refinancing exposure, while limiting the company's ability to absorb weaker operating conditions or fund growth without additional external capital.

Metaage Corporation (6112) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 10.51B
Dividend Yield: 2.84%
Average Volume (3M): 3.35M
Price to Earnings (P/E): 24.5
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

Solid revenue growth offset by thin margins, elevated leverage with debt-to-equity at 1.42, and sharply negative operating and free cash flows.

Income Statement

55Neutral

Balance Sheet

42Neutral

Cash Flow

28Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6112 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6811	69Neutral	TWD 9.95B	13.97	―	4.36%	30.33%	25.72%
TW:6870	66Neutral	TWD 13.97B	61.77	―	0.66%	34.69%	64.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6112	55Neutral	TWD 10.74B	24.54	―	2.84%	16.31%	321.53%
TW:3289	55Neutral	TWD 9.76B	25.00	―	4.22%	-1.90%	-10.19%

* General Sector Average

Performance Comparison

TW:6112 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6112	Metaage Corporation	58.00	10.80	22.89%
TW:3289	Integrated Service Technology Inc.	119.00	19.29	19.34%
TW:6811	Acer E-Enabling Service Business Inc.	241.00	29.84	14.13%
TW:6870	Turn Cloud Technology Service Inc.	493.50	339.75	220.99%
TW:7765	CHT Security Co., Ltd.	243.50	-19.43	-7.39%
TW:7928	AuthenX Inc.	305.00	-345.00	-53.08%

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

Metaage Corporation AI Stock Analysis