Systex Corp (6214) AI Stock Analysis

Systex Corp

(TWSE:6214)

Select Model

Rating:74Outperform

Price Target:TWD 215.00▲(11.11% Upside)

Action:initiatedcoverage

Date:11/10/26

Financial performance leads with strong balance sheet metrics and revenue growth. Positive technical trends and fair valuation with solid dividend yield provide additional support.

Positive Factors

Sustained Revenue GrowthThe multi-year revenue uptrend, including 12.45% TTM growth, indicates continued expansion in customer demand and project activity. Sustained top-line growth can support operating scale, strengthen Systex’s position in enterprise IT services, and provide a durable base for future earnings generation.

Negative Factors

Gross Margin CompressionThe decline in gross margin suggests that revenue growth is not translating proportionally into gross profit. If this pressure persists, it could constrain operating leverage, reduce funds available for reinvestment, and make future earnings more sensitive to delivery costs and the mix of lower-margin projects.

Systex Corp (6214) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 52.54B
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: 4,977
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

Consistent revenue growth and solid balance sheet with low debt-to-equity of 0.33 and ROE at 14.7%, partially offset by cash flow volatility.

Income Statement

73Positive

Balance Sheet

86Very Positive

Cash Flow

61Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6214 against its peers
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	74Outperform	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

TW:6214 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6214	Systex Corp	193.50	76.21	64.98%
TW:2352	Qisda Corporation	28.90	2.26	8.47%
TW:2464	Mirle Automation Corp.	163.00	101.63	165.60%
TW:6414	Ennoconn Corp.	326.50	54.69	20.12%
TW:6561	Chief Telecom Inc.	331.00	-28.79	-8.00%
TW:7828	Innostar Service Inc	1395.00	1036.00	288.58%

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

Systex Corp AI Stock Analysis