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Metaage Corporation (6112) Fair Value & Analysis

Technology · TW · Market cap 7.8B TWD

MC Metaage Corporation 6112 · TW
Price46.65 TWD
Fair Value36.39 TWD
Upside-22.0%
Quality61/100
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Healthy Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
3.94% dividend yield
Mixed vs. peers (8/14)
Narrow moat 26/100
Evidence: Medium Range 26.13 TWD – 45.48 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price +9.3% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (45.48 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

78.10 TWD 30.14 TWD Fair Value 36.39 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 30.14 TWD – 78.10 TWD · fair‑value band 26.13 TWD – 45.48 TWD · the 46.65 TWD price screens above the 36.39 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Metaage Corporation (6112) currently trades at 46.65 TWD, while our model-based Fair Value estimate is 36.39 TWD, implying the stock looks roughly 22.0% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Metaage Corporation generated revenue of 23.1B TWD at a net margin of 1.4%. Revenue grew 27.4% year over year. It earns a return on equity of 7.9%. Net debt stands at 1.7B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 26.13 TWD (bear case) to 45.48 TWD (bull case); at 46.65 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -22%, 6112 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF 74.72 TWD 119.04 TWD 189.03 TWD 80
Residual Income 18.74 TWD 19.96 TWD 22.05 TWD 76
Rev-Margin DCF 46.25 TWD 66.35 TWD 91.96 TWD 74
All 26 models by family
DCF Models
FCF DCF 75.08 TWD 123.22 TWD 201.82 TWD 38
Owner Earnings 43.98 TWD 69.74 TWD 111.80 TWD 31
5Y Revenue Exit 46.25 TWD 65.98 TWD 91.20 TWD 39
5Y EBITDA Exit 53.56 TWD 80.77 TWD 113.58 TWD 41
5Y P/E Exit 47.32 TWD 68.14 TWD 90.83 TWD 38
10Y Revenue Exit 55.09 TWD 76.65 TWD 106.80 TWD 36
10Y EBITDA Exit 60.55 TWD 87.14 TWD 124.79 TWD 37
10Y P/E Exit 56.54 TWD 78.18 TWD 106.50 TWD 35
Earnings-Based
Graham-Dodd 12.37 TWD 53.86 TWD 73.67 TWD 54
Lynch FV 13.87 TWD 19.81 TWD 25.76 TWD 50
PEG = 1.0 13.87 TWD 19.81 TWD 25.76 TWD 46
EPV 24.23 TWD 26.77 TWD 28.96 TWD 59
Dividend Discount
Gordon GGM 5.27 TWD 10.50 TWD 15.90 TWD 70
DDM Multi-Stage 5.27 TWD 9.07 TWD 11.08 TWD 61
Multiples
P/E Multiple 27.29 TWD 36.39 TWD 45.48 TWD 63
P/S Multiple 23.20 TWD 30.93 TWD 38.66 TWD 58
P/B Multiple 23.20 TWD 30.93 TWD 38.66 TWD 55
EV/EBIT 43.51 TWD 55.29 TWD 67.07 TWD 53
EV/EBITDA 45.79 TWD 58.33 TWD 70.87 TWD 54
EV/Revenue 31.99 TWD 42.20 TWD 52.41 TWD 43
Asset-Based
NCAV (Graham) 11.43 TWD 15.32 TWD 22.86 TWD 50
Growth DCF
Growth DCF 74.72 TWD 119.04 TWD 189.03 TWD 80
Rev-Margin DCF 46.25 TWD 66.35 TWD 91.96 TWD 74
Economic Profit
Residual Income 18.74 TWD 19.96 TWD 22.05 TWD 76
ROIC Compounder 24.83 TWD 30.13 TWD 37.43 TWD 72
Growth Earnings
Growth-Adj P/E 22.39 TWD 31.99 TWD 41.59 TWD 68

Widest divergence: DCF Models (76.65 TWD) versus Dividend Discount (9.07 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 23.1B TWD
Revenue growth (YoY) +27.4%
Net margin 1.4%
Return on equity 7.9%
Free cash flow 1.1B TWD FY2025
P/E ratio 22.9
More key figures
Operating margin 2.8%
EPS (TTM) 1.81 TWD
Dividend yield 3.9%
EPS growth (YoY) -42.7%
Net debt 1.7B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 42

Profitability 45
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Metaage Corporation distributes and resells software and hardware equipment of ICT infrastructures in Taiwan, the United States of America, Africa, and internationally. It operates through Information and communication infrastructure; Data computing and application; Digital integration; Cloud applications, software and services; and Other products segments.

Full company description

Metaage Corporation distributes and resells software and hardware equipment of ICT infrastructures in Taiwan, the United States of America, Africa, and internationally. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metaage Corporation 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.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
21.8B TWD
Latest YoY
+18.8%
Avg. growth/yr (3Y) 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.
+21.7%
Avg. growth/yr (5Y) 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.
+10.1%
Avg. growth/yr (23Y) 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.
+10.4%
Revenue +16.3%/yr
FY21 12.0B TWD
FY22 12.1B TWD
FY23 19.8B TWD
FY24 18.4B TWD
FY25 21.8B TWD
Net income −12.2%/yr
FY21 578M TWD
FY22 413M TWD
FY23 592M TWD
FY24 114M TWD
FY25 343M TWD
Character of growth · EPS growth decomposed (2014-2025) +2.1 % p.a.
Revenue per share +4.0 pp

of which total revenue +10.2 pp · buybacks/dilution −6.2 pp

EBIT margin −2.7 pp
Tax rate −0.8 pp
Residual (interest, one-offs) +1.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6112 screens 22% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Metaage Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6112

Peer Group

Information Technology Services · 475 stocks

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.

Quality Score 61 · Above median
Fair Value upside −22% · Below median
Return on equity (TTM) 8% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 27% · Top 25%
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 22.9× · Pricier than median
P/B 1.81× · Cheaper than median
P/S (TTM) 0.34× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 8.5× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 4 · sector 21
FUTURE 100 · sector 31
PAST 32 · sector 37
HEALTH 98 · sector 97
DIVIDEND 79 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Metaage Corporation (6112) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 36.39 TWD versus a price of 46.65 TWD, about −22% (overvalued).
What is the fair value of 6112?
Our model-based fair value for Metaage Corporation is 36.39 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 46.65 TWD.
What is the quality score of 6112?
Metaage Corporation has a Quality Score of 61/100. 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 revenue of Metaage Corporation (6112)?
Metaage Corporation reported trailing-twelve-month revenue of about 23.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6112?
The net profit margin of Metaage Corporation is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Metaage Corporation pay a dividend?
Metaage Corporation currently shows a dividend yield of about 3.54% relative to its recent price (as of Jul 23, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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