Systex Corp AI Stock Analysis
Systex Corp (6214) AI Stock Analysis
Systex Corp
(TWSE:6214)
Systex scores moderately above average. The strongest supports are a consistent revenue and earnings growth record, a conservatively levered balance sheet with improving returns on equity (~14.7%), and robust current free cash flow that nearly matches net income. These are tempered by thin and narrowing margins, earnings that lean on non-operating income, and a history of volatile operating cash flow. Technically the stock remains in a well-established uptrend above its key long-term moving averages, though short-term momentum is neutral as it consolidates. Valuation is fair rather than compelling at a 19.5x P/E, with a 3.1% dividend yield and low beta adding defensive appeal.
Systex Corp (6214) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 51.45B
- Dividend Yield
- 3.10%
- Average Volume (3M)
- 2.25M
- Price to Earnings (P/E)
- 19.7
- Beta (1Y)
- 0.64
- Revenue Growth
- 33.54%
- EPS Growth
- 44.78%
- Country
- TW
- Employees
- 4,973
- Sector
- General
- Sector Strength
- 55
- Industry
- Information Technology Services
Systex Corp Business Overview & Revenue Model
Company Description
Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. It operates through Financial Business Integration, Consumer Market Integration, Digital Ecosystem Integration, Commercial Software Service Inte...
Systex Corp Financial Statement Overview
Summary
Systex blends steady growth with a modest quality profile. Revenue has compounded from about NT$29.5 billion in 2021 to NT$57.8 billion TTM (+12.5%), and net income has risen to NT$2.7 billion TTM, while the balance sheet remains conservatively financed (debt-to-equity ~0.33, equity NT$18.7 billion) with ROE improving to roughly 14.7%. Cash generation in the latest period is excellent, with TTM operating cash flow of NT$4.9 billion and free cash flow of NT$4.66 billion covering about 95% of net income. Offsetting this: gross margin has compressed from 22.5% to 18.3%, operating margin is thin at ~3.4%, net income consistently exceeds operating profit (signalling reliance on non-operating/affiliate income), and operating cash flow has been negative in two of the last five years due to working-capital swings. Equity has also fallen to ~43% of total assets from ~51% in 2021.
Income Statement
64PositiveBalance Sheet
71PositiveCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.76B | 43.97B | 38.95B | 35.18B | 33.13B | 29.53B |
| Gross Profit | 10.55B | 9.64B | 8.25B | 7.59B | 7.34B | 6.66B |
| EBITDA | 2.56B | 2.13B | 2.74B | 1.70B | 1.86B | 1.84B |
| Net Income | 2.73B | 2.15B | 1.96B | 1.49B | 1.09B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 44.04B | 38.07B | 34.73B | 30.60B | 29.90B | 26.56B |
| Cash, Cash Equivalents and Short-Term Investments | 14.29B | 12.85B | 12.58B | 8.98B | 8.36B | 8.63B |
| Total Debt | 6.10B | 5.52B | 5.70B | 5.63B | 5.29B | 4.62B |
| Total Liabilities | 24.17B | 19.00B | 16.40B | 15.82B | 15.29B | 12.75B |
| Stockholders Equity | 18.74B | 18.24B | 17.73B | 14.27B | 14.07B | 13.50B |
Cash Flow | ||||||
| Free Cash Flow | 4.66B | 1.64B | -3.09B | 4.97B | 724.46M | -600.70M |
| Operating Cash Flow | 4.90B | 1.86B | -2.82B | 5.10B | 1.05B | -395.51M |
| Investing Cash Flow | 365.30M | 301.61M | 556.39M | -913.97M | -545.98M | -1.09B |
| Financing Cash Flow | -3.74B | -1.88B | 1.21B | -1.40B | -603.41M | 2.04B |
Systex Corp Peers Comparison
Overall Rating
TW:656177Outperform- TW:621467Neutral
TW:641461Neutral
TW:235244Neutral
TW:246444Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6561 | 77Outperform | TWD 26.04B | 20.91 | ― | 4.32% | -0.61% | 0.63% |
| TW:6214 | 67Neutral | TWD 46.28B | 19.66 | ― | 3.10% | 33.54% | 44.78% |
| TW:6414 | 61Neutral | TWD 52.49B | 13.45 | ― | 4.22% | 8.27% | 19.95% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2352 | 44Neutral | TWD 47.26B | 29.19 | ― | 11.06% | 1.60% | 19.60% |
| TW:2464 | 44Neutral | TWD 35.47B | 49.24 | ― | 0.29% | 19.16% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6214 | Systex Corp | 193.50 | 72.86 | 60.40% | |
| TW:2352 | Qisda Corporation | 28.90 | 1.63 | 5.97% | |
| TW:2464 | Mirle Automation Corp. | 163.00 | 100.34 | 160.14% | |
| TW:6414 | Ennoconn Corp. | 326.50 | 60.47 | 22.73% | |
| TW:6561 | Chief Telecom Inc. | 331.00 | -24.95 | -7.01% | |
| TW:7828 | Innostar Service Inc | 1395.00 | 1033.01 | 285.37% |
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