Taiwan Secom Co., Ltd. stock analysis
Taiwan Secom Co., Ltd. (9917) Stock Price & Analysis
9917 Stock Chart & Stats
- Day’s Range
- TWD 102.00 - TWD 105.50
- 52-Week Range
- TWD 98.57 - TWD 117.14
- Previous Close
- TWD 106.00
- Volume
- N/A
- Average Volume (3M)
- 351.32K
- Market Cap
- TWD 48.67B
- Enterprise Value
- TWD 49.70B
- Total Cash (Recent Filing)
- TWD 6.19B
- Total Debt (Recent Filing)
- TWD 7.69B
- Price to Earnings (P/E)
- 15.5
- Beta
- 0.16
- Next Earnings
- Nov 16, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jun 24, 2026
- Dividend Yield
- 4.92%
Bulls Say, Bears Say
Bulls Say
Revenue Growth
The sharp 2025 revenue acceleration demonstrates strong recent demand for Taiwan Secom’s security solutions and indicates improved business scale. If the company sustains this growth across residential, commercial, and industrial customers, it can support operating leverage, reinvestment, and stronger competitive positioning.
Profitability
Healthy EBIT and EBITDA margins show that Taiwan Secom converts revenue into substantial operating profit while maintaining cost control. This profitability provides internal funding for service expansion and technology investment, and gives the company resilience as demand and customer mix change over the medium term.
Cash Generation
Positive and improving operating cash flow, together with the strong 2025 free cash flow rebound, supports the quality of reported earnings. Sustained cash generation can finance maintenance, growth initiatives, and shareholder returns while reducing reliance on external funding for the company’s ongoing operations.
Bears Say
Rising Leverage
The faster increase in debt than equity has made Taiwan Secom’s balance sheet less conservative than in earlier years. Higher leverage can reduce financial flexibility if growth slows, increase exposure to financing costs, and constrain the company’s ability to fund expansion or absorb operating volatility.
Debt Coverage
Although cash generation improved materially in 2025, operating cash flow covered only a moderate portion of total debt, and free cash flow conversion was below 50% in 2023. This uneven coverage means balance-sheet strength depends on maintaining the recent cash-flow improvement over coming quarters.
Gross Margin Pressure
The multi-year decline in gross margin suggests that strong revenue growth has not fully translated into stable gross profitability. Possible pricing pressure or mix changes could limit future operating leverage, making sustained earnings expansion more dependent on volume growth and disciplined cost management.
9917 FAQ
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Company Description
Taiwan Secom Co., Ltd.
Taiwan Secom Co., Ltd., established in Taipei, Taiwan, in 1977, provides a comprehensive array of services, with a primary focus on security solutions across the nation. The company's operations are structured into four key divisions: Electronic Systems, Security Services, Cash Delivery Services, and Logistics Services. Beyond its foundational activities in manufacturing, processing, and distributing security equipment and components, Taiwan Secom delivers corporate and building security guarding services. Its extensive service portfolio further includes in-flight catering, secure cash transportation, general logistics, and air freight handling. The company also manages building operations, provides automated teller machine (ATM) services, acts as a customs broker, and offers vehicle maintenance, educational and recreational programs, car park management, light control systems, and various technology support services. It also facilitates police-citizen communication networks. Commercially, Taiwan Secom engages in selling electric, telecommunication, and fireproof products, as well as producing and distributing instant foods. It retails point-of-sale (POS) systems and offers rental services for automated external defibrillators (AEDs) and mini-storage facilities, alongside video rentals and sales. Additionally, the company manufactures and sells digital signage and monitors, wholesales and installs fire safety equipment, and both retails and leases medical devices. Rounding out its diverse offerings, Taiwan Secom also functions as an insurance broker.
- Sector
- General
- Industry
- Security & Protection Services
- CEO
- Jian-Han Lin
- Employees
- 8,937
- Website
- www.secom.com.tw
- Address
- TW
Taiwan Secom Co., Ltd. (9917) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 5 | 12 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 2 | 0 | 10 |

