Grandsys Inc (6910) AI Stock Analysis

Grandsys Inc

(TPEx:6910)

Select Model

Rating:66Neutral

Price Target:TWD 24.50▲(4.26% Upside)

Action:initiatedcoverage

Date:11/10/26

The company's financial health is solid, anchored by a debt-free balance sheet and renewed revenue growth, which supports a high dividend yield. However, the stock is under severe technical pressure, trading in a downtrend with deeply oversold momentum indicators, which significantly drags down the overall score. The reasonable valuation provides some support but is not enough to offset the bearish technical picture.

Positive Factors

Revenue reboundThe sharp 2025 revenue rebound indicates improving demand and renewed business momentum after a softer period. If maintained, stronger sales can support operating leverage, increase reinvestment capacity, and provide a firmer foundation for earnings growth over the next several quarters.

Negative Factors

Volatile cash conversionWeak 2025 operating cash flow relative to net income raises questions about the timing and durability of earnings conversion into cash. Sharply negative free-cash-flow growth could constrain internally funded investment or distributions if working-capital and timing pressures persist.

Grandsys Inc (6910) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 714.19M
Dividend Yield: 7.45%
Average Volume (3M): 17.60K
Price to Earnings (P/E): 15.8
Beta (1Y): 0.35
Revenue Growth: ―
EPS Growth: ―
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Software - Application

Grandsys Inc Business Overview & Revenue Model

Company Description

Grandsys Inc. specializes in delivering comprehensive solutions for contact and telemarketing center management, encompassing consulting, strategic planning, and systems integration. Among its key offerings are: LOG800, a recording platform engineere...

Grandsys Inc Financial Statement Overview

Summary

Strong revenue recovery (+38.9%) and robust profitability (52.2% gross margin, 20.5% EBITDA margin) are offset by margin compression from prior peaks and volatile cash flow growth. The balance sheet is exceptional (near-zero debt), but overall financial performance is tempered by inconsistent cash conversion.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	400.05M	384.83M	295.80M	311.28M	335.07M	296.45M
Gross Profit	216.55M	200.73M	173.78M	197.47M	184.86M	161.48M
EBITDA	81.96M	78.81M	40.52M	52.56M	72.62M	42.69M
Net Income	56.42M	54.18M	30.03M	42.41M	51.09M	32.59M
Balance Sheet
Total Assets	587.43M	594.17M	444.82M	439.81M	455.59M	381.69M
Cash, Cash Equivalents and Short-Term Investments	359.99M	411.24M	288.59M	291.77M	283.68M	192.04M
Total Debt	14.80M	3.46M	12.53M	17.42M	11.41M	26.14M
Total Liabilities	136.36M	119.23M	103.01M	104.54M	134.33M	124.49M
Stockholders Equity	451.07M	474.93M	341.81M	335.27M	321.26M	257.20M
Cash Flow
Free Cash Flow	58.57M	56.89M	29.41M	44.82M	102.05M	29.20M
Operating Cash Flow	60.36M	57.89M	33.06M	48.35M	104.58M	33.29M
Investing Cash Flow	-141.99M	-13.45M	-81.05M	-33.46M	-6.89M	-7.87M
Financing Cash Flow	56.27M	68.78M	-35.13M	-40.27M	-7.30M	8.56M

Grandsys Inc Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6910 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6910	66Neutral	TWD 717.24M	15.77	―	7.45%	―	―
TW:6884	65Neutral	TWD 579.28M	22.83	―	4.76%	―	―
TW:8176	59Neutral	TWD 637.24M	36.26	―	―	-31.88%	-83.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:6910 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6910	Grandsys Inc	23.50	-18.12	-43.53%
TW:6884	Highpoint Service Network Corp.	31.50	-21.55	-40.62%
TW:7841	CyberSoft Digital Services Corporation	25.00	-11.17	-30.88%
TW:7933	Weblisher Data Tech Co.,Ltd.	25.40	-6.95	-21.48%
TW:8119	Clientron Corp.	10.05	1.35	15.52%
TW:8176	Z-Com, Inc.	11.35	-1.42	-11.11%

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

Grandsys Inc AI Stock Analysis