Syscom Computer Engineering Co (2453) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Syscom Computer Engineering Co TWD 66.38, price TWD 53.50, upside +24.1%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Syscom Computer Engineering Co., together with its subsidiaries, provides information technology services in Taiwan, China, the United States, and Southeast Asia.
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Syscom Computer Engineering Co., together with its subsidiaries, provides information technology services in Taiwan, China, the United States, and Southeast Asia. The company leases and sells computer systems; designs computer software; and offers services for the integration of computer information systems, and maintenance of computer hardware and software. It also develops, manufactures, and sells computer software, hardware, and related products; engages in domestic and foreign investment referral; and provides diagnostic consulting for corporate management, computerized design consulting, network wiring engineering, and after-sales technical services, as well as information software, data processing, and electronic information supply services. In addition, the company offers services in the areas of online custom information integration, e-business, high-tech manufacturing, network planning and implementation, outsourcing, and training. Further, its industry-specific solutions include planning, integration, deployment, and maintenance services; networking; electronic transaction real-time risk management systems; banking and securities trading platforms; healthcare information solutions; telecom infrastructure; value-added telecom services; real-time transit system management; eGovernment; public sector unified portal platforms; information security solutions; office automation; data warehouse outsourcing; computer center facilities management; database design; and Internet database application design services. Further, the company offers its solutions for financial institutions, high-tech manufacturers, public sector, securities companies, healthcare and medical industries, telecommunications, and educational institutions. Syscom Computer Engineering Co. was incorporated in 1975 and is headquartered in Taipei City, Taiwan.
Stock analysis
Syscom Computer Engineering Co (2453) currently trades at 53.50 TWD, while our model-based Fair Value estimate is 66.38 TWD, implying the stock looks roughly 19.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 74.60 TWD per share, and 9 of the 26 models we run sit above the 53.50 TWD price.
Bear case: the Asset-Based group reads lowest at 14.98 TWD, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 44.72 TWD (bear) to 94.07 TWD (bull), the price of 53.50 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Syscom Computer Engineering Co reported revenue of 7.4B TWD in FY2025 versus 5.9B TWD in FY2021, a compound +6.1%/yr. Reported net income was 312M TWD in FY2025, compounding +9.6%/yr from FY2021.
Key figures
Market cap 5.4B TWD (≈ $169M) · P/E ratio 17.2 · P/S ratio 0.72 · EPS (TTM) 3.11 TWD · Dividend yield 4.9% · Net margin 4.2% · Return on equity 15.3% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 24%, 2453 screens richer than that median.
Fair Value models
Bear 44.72 TWDFair Value 66.38 TWDBull 94.07 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.3731 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
Start year 2020 (pandemic). Over 10 years: +6.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+17.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)4.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13% vs 17%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 5%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +4.9% a year for the price.
Compare Syscom Computer Engineering Co with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 498 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+24% · Above median
Profitability
Return on equity (TTM)15% · Above median
Return on assets5% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)4.9% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Syscom Computer Engineering Co Fair Value". https://www.fairvalue-calculator.com/stock/2453
Frequently asked questions
Is Syscom Computer Engineering Co (2453) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 66.38 TWD versus a price of 53.50 TWD, about +24% upside (undervalued).
What is the fair value of 2453?
Our model-based fair value for Syscom Computer Engineering Co is 66.38 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 53.50 TWD.
What is the quality score of 2453?
Syscom Computer Engineering Co has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Syscom Computer Engineering Co (2453)?
Our model-based price target is the fair value of 66.38 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 44.72 TWD, optimistic scenario 94.07 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Syscom Computer Engineering Co stock forecast for 2026?
Our models put fair value at 66.38 TWD, about +24% upside versus a price of 53.50 TWD (undervalued). Cautious scenario 44.72 TWD, optimistic scenario 94.07 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Syscom Computer Engineering Co (2453)?
Syscom Computer Engineering Co reported trailing-twelve-month revenue of about 7.5B TWD (latest available figure, as of Sep 24, 2026).
Does Syscom Computer Engineering Co pay a dividend?
Syscom Computer Engineering Co currently shows a dividend yield of about 4.86% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Syscom Computer Engineering Co (2453)?
For today's price to be fair in a discounted-cash-flow model, Syscom Computer Engineering Co would have to grow free cash flow by +6.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2453 use?
Our models discount Syscom Computer Engineering Co at 11.8 %: a base by market capitalisation (micro), damped by beta 0.11, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Syscom Computer Engineering Co that is +6.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Syscom Computer Engineering Co (2453) delivered so far?
Over the past 5 years revenue at Syscom Computer Engineering Co grew +5.2 % a year. The price currently implies +6.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Syscom Computer Engineering Co (2453) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Syscom Computer Engineering Co (+6.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Syscom Computer Engineering Co (2453)?
The free-cash-flow yield on the price is 6.34 %: that much free cash flow Syscom Computer Engineering Co produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Syscom Computer Engineering Co (2453)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Syscom Computer Engineering Co it is 66.38 TWD per share (as of Sep 24, 2026), against a price of 53.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Syscom Computer Engineering Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2453 trades below its calculated fair value: price 53.50 TWD, fair value 66.38 TWD, a gap of about +24% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2453?
No. The price is what the market pays today (53.50 TWD); the fair value is what the company's own numbers justify (66.38 TWD). For Syscom Computer Engineering Co the two are 12.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Syscom Computer Engineering Co worth?
The market values Syscom Computer Engineering Co at about 5.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 53.50 TWD; our models calculate a fair value of 66.38 TWD per share.
What do the bullish and bearish scenarios say about 2453?
Our models span a range for Syscom Computer Engineering Co: cautious scenario 44.72 TWD, base 66.38 TWD, optimistic 94.07 TWD per share (as of Sep 24, 2026, price 53.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2453?
Syscom Computer Engineering Co trades at a price-to-earnings ratio of 17.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 66.38 TWD is built from several models across several years. Other multiples: P/B 2.4, P/S 0.7, EV/EBITDA 11.4.
How solid is the balance sheet of Syscom Computer Engineering Co (2453)?
Balance-sheet figures for Syscom Computer Engineering Co (as of Sep 24, 2026): return on equity 15.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 2453 from its 52-week high?
Syscom Computer Engineering Co trades at 53.50 TWD, about 16% below its 52-week high of 63.90 TWD and 6% above the low of 50.40 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 66.38 TWD is for.
Which stocks are comparable to Syscom Computer Engineering Co?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Syscom Computer Engineering Co stock attractive at the current price?
The data as of Sep 24, 2026: price 53.50 TWD, calculated fair value 66.38 TWD (+24%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2453 calculated?
We run Syscom Computer Engineering Co through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 66.38 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Syscom Computer Engineering Co currently trades 24 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Syscom Computer Engineering Co (2453)?
The closing price on Sep 24, 2026 was 53.50 TWD. Our model-based fair value is 66.38 TWD, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Syscom Computer Engineering Co right now?
A fairly wide model range (44.72 TWD to 94.07 TWD) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Syscom Computer Engineering Co (2453) come from?
Earnings per share at Syscom Computer Engineering Co grew +16.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.8 %, EBIT margin +12.6 %, tax rate −0.3 %, residual (interest, one-offs) −2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Syscom Computer Engineering Co
How large is the market capitalisation of Syscom Computer Engineering Co (2453)?
The market capitalisation of Syscom Computer Engineering Co is 5.4B TWD (≈ $169M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Syscom Computer Engineering Co (2453)?
The price-to-sales ratio of Syscom Computer Engineering Co is 0.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Syscom Computer Engineering Co (2453)?
Earnings per share at Syscom Computer Engineering Co are 3.11 TWD (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Syscom Computer Engineering Co (2453)?
The dividend yield of Syscom Computer Engineering Co is 4.9% (payout 83.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Syscom Computer Engineering Co (2453)?
The net margin of Syscom Computer Engineering Co is 4.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Syscom Computer Engineering Co (2453)?
The return on equity (ROE) of Syscom Computer Engineering Co is 15.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Syscom Computer Engineering Co (2453)?
On an EBIT basis the return on assets of Syscom Computer Engineering Co is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Syscom Computer Engineering Co (2453)?
The operating margin of Syscom Computer Engineering Co is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Syscom Computer Engineering Co (2453)?
Revenue at Syscom Computer Engineering Co is growing +7.5% versus a year earlier (3y avg +7.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Syscom Computer Engineering Co (2453)?
Earnings per share at Syscom Computer Engineering Co are growing +1.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Syscom Computer Engineering Co (2453) hold?
Syscom Computer Engineering Co holds more cash than debt, 589M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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