Sysage Technology Co Ltd (6112) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sysage Technology Co Ltd stock TWD 50.94, price TWD 52.40, that is 2.8% below the price, quality 63 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 30.14 TWD – 78.10 TWD · fair‑value band 37.91 TWD – 63.68 TWD · the 52.40 TWD price screens above the 50.94 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Metaage Corporation distributes and resells software and hardware equipment of ICT infrastructures in Taiwan, the United States of America, Africa, and internationally.
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It operates through Information and communication infrastructure; Data computing and application; Digital integration; Cloud applications, software and services; and Other products segments.
The company offers Al big data, server, unified communication, business software, ops, modern application, backup and redundancy, hyper-converged infrastructure, cloud application integration, MSP services, infrastructure network, database and application integration, information security application, virtualization, and storage system solutions.
It also provides marketing consulting; education, and training; technical support, after-sales services, market research, and survey services; data software and processing services; and big data and cloud database services, as well as research and development, and production of computer hardware, software, and peripherals, network technology, system integration, and sales of products and related technical services.
Further, it is involved in the research and development of software for information applications; research, development, and sale of computer information systems; sale, import, and export of electronic products; networks, communication systems, etc.; and implementation of applications.
The company is involved in road technology; system integration; selling self-produced; technical services; and material storage and other services. The company was formerly known as SYSAGE Technology Co., Ltd. and changed its name to Metaage Corporation in June 2022.
The company was incorporated in 1998 and is headquartered in Taipei City, Taiwan. Metaage Corporation operates as a subsidiary of Qisda Corporation.
Stock analysis
Sysage Technology Co Ltd (6112) currently trades at 52.40 TWD, while our model-based Fair Value estimate is 50.94 TWD, so the stock looks roughly fairly valued today (gap 2.9%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 81.84 TWD per share, and 13 of the 26 models we run sit above the 52.40 TWD price.
Bear case: the Dividend Discount group reads lowest at 7.36 TWD, and 13 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 37.91 TWD (bear) to 63.68 TWD (bull), the price of 52.40 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 63/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sysage Technology Co Ltd reported revenue of 21.8B TWD in FY2025 versus 12.0B TWD in FY2021, a compound +16.3%/yr. Reported net income was 343M TWD in FY2025, compounding −12.2%/yr from FY2021.
Key figures
Market cap 9.9B TWD (≈ $302M) Small · P/E ratio 16.3 · P/S ratio 0.42 · EPS (TTM) 3.22 TWD · Dividend yield 3.1% · Net margin 2.6% · Return on equity 13.3% · Return on assets (EBIT) 4.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −3%, 6112 screens richer than that median.
Fair Value models
Bear37.91 TWDFair Value 50.94 TWDBull63.68 TWD
Price 52.40 TWD · Downside -2.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.35 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.8%
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.
+21.7%
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.
+10.1%
Start year 2020 (pandemic). Over 10 years: +9.9% 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.
+10.4%
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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.
−5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.9%
Dividend (yield on the price)3.1%
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.−8.9% vs −1.2%, 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.6% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+2.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +0.8% a year for the price.
Compare Sysage Technology Co Ltd with another stock
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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 · 479 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−2.8% · Below median
Profitability
Return on equity (12 months)13.3% · Above median
Return on assets2.4% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)4.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.7% · Above median
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sysage Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6112
Frequently asked questions
Is Sysage Technology Co Ltd (6112) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 50.94 TWD versus a price of 52.40 TWD, about 3% lower (fairly valued).
What is the fair value of 6112?
Our model-based fair value for Sysage Technology Co Ltd is 50.94 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 52.40 TWD.
What is the quality score of 6112?
Sysage Technology Co Ltd has a Quality Score of 63/100. 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 Sysage Technology Co Ltd (6112)?
Our model-based price target is the fair value of 50.94 TWD (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 37.91 TWD, optimistic scenario 63.68 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sysage Technology Co Ltd stock forecast for 2026?
Our models put fair value at 50.94 TWD, about 3% lower versus a price of 52.40 TWD (fairly valued). Cautious scenario 37.91 TWD, optimistic scenario 63.68 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Sysage Technology Co Ltd (6112)?
Sysage Technology Co Ltd reported trailing-twelve-month revenue of about 23.8B TWD (latest available figure, as of Nov 8, 2026).
Does Sysage Technology Co Ltd pay a dividend?
Sysage Technology Co Ltd currently shows a dividend yield of 3.15% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sysage Technology Co Ltd (6112) and when is the ex-dividend date?
Sysage Technology Co Ltd pays a dividend of 1.65 TWD per share a year, a dividend yield of 3.1%. The last ex-dividend date was Jul 16, 2026. The payout ratio is 51.2% of earnings. Free cash flow covers the dividend 3.39 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sysage Technology Co Ltd (6112)?
For today's price to be fair in a discounted-cash-flow model, Sysage Technology Co Ltd would have to grow free cash flow by +2.4 % 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 +10.1 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6112 use?
Our models discount Sysage Technology Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.31, 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 Sysage Technology Co Ltd that is +2.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Sysage Technology Co Ltd (6112) delivered so far?
Over the past 5 years revenue at Sysage Technology Co Ltd grew +10.1 % a year. The price currently implies free-cash-flow growth of +2.4 % per 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 Sysage Technology Co Ltd (6112) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Sysage Technology Co Ltd (+2.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sysage Technology Co Ltd (6112)?
The free-cash-flow yield on the price is 10.64 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sysage Technology Co Ltd 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 Sysage Technology Co Ltd (6112)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sysage Technology Co Ltd it is 50.94 TWD per share (as of Nov 8, 2026), against a price of 52.40 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sysage Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6112 trades above its calculated fair value: price 52.40 TWD, fair value 50.94 TWD, a gap of about −3% (fairly valued). 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 6112?
No. The price is what the market pays today (52.40 TWD); the fair value is what the company's own numbers justify (50.94 TWD). For Sysage Technology Co Ltd the two are 1.46 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sysage Technology Co Ltd worth?
The market values Sysage Technology Co Ltd at about 9.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 52.40 TWD; our models calculate a fair value of 50.94 TWD per share.
What do the bullish and bearish scenarios say about 6112?
Our models span a range for Sysage Technology Co Ltd: cautious scenario 37.91 TWD, base 50.94 TWD, optimistic 63.68 TWD per share (as of Nov 8, 2026, price 52.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6112?
Sysage Technology Co Ltd trades at a price-to-earnings ratio of 16.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 50.94 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 15.2. Other multiples: P/B 2.3, P/S 0.4, EV/EBITDA 9.1.
How solid is the balance sheet of Sysage Technology Co Ltd (6112)?
Balance-sheet figures for Sysage Technology Co Ltd (as of Nov 8, 2026): return on equity 13.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 6112 from its 52-week high?
Sysage Technology Co Ltd trades at 52.40 TWD, at its 52-week high of 52.40 TWD and 38% above the low of 37.90 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 50.94 TWD is for.
Which stocks are comparable to Sysage Technology Co Ltd?
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 Sysage Technology Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 52.40 TWD, calculated fair value 50.94 TWD (−3%), Quality Score 63/100, 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 6112 calculated?
We run Sysage Technology Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 50.94 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Sysage Technology Co Ltd itself currently trades above fair value. 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 Sysage Technology Co Ltd (6112)?
The closing price on Nov 9, 2026 was 52.40 TWD. Our model-based fair value is 50.94 TWD, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sysage Technology Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Sysage Technology Co Ltd (6112) come from?
Earnings per share at Sysage Technology Co Ltd grew +2.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.0 %, EBIT margin −2.7 %, tax rate −0.8 %, residual (interest, one-offs) +1.7 %. 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 Sysage Technology Co Ltd
How large is the market capitalisation of Sysage Technology Co Ltd (6112)?
The market capitalisation of Sysage Technology Co Ltd is 9.9B TWD (≈ $302M). 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 Sysage Technology Co Ltd (6112)?
The price-to-sales ratio of Sysage Technology Co Ltd is 0.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sysage Technology Co Ltd (6112)?
Earnings per share at Sysage Technology Co Ltd are 3.22 TWD (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sysage Technology Co Ltd (6112)?
The dividend yield of Sysage Technology Co Ltd is 3.1% (payout 51.2%). 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 Sysage Technology Co Ltd (6112)?
The net margin of Sysage Technology Co Ltd is 2.6% (last twelve months). 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 Sysage Technology Co Ltd (6112)?
The return on equity (ROE) of Sysage Technology Co Ltd is 13.3% (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 Sysage Technology Co Ltd (6112)?
On an EBIT basis the return on assets of Sysage Technology Co Ltd is 4.2% (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 Sysage Technology Co Ltd (6112)?
The operating margin of Sysage Technology Co Ltd is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sysage Technology Co Ltd (6112)?
Revenue at Sysage Technology Co Ltd is growing +11.7% versus a year earlier (3y avg +21.7%). 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 Sysage Technology Co Ltd (6112)?
Earnings per share at Sysage Technology Co Ltd are growing +11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sysage Technology Co Ltd (6112) carry?
The net debt of Sysage Technology Co Ltd is 1.7B TWD (fiscal year 2025, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026