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Systex Corporation (6214) Fair Value & Analysis

Technology · TW · Market cap 38.5B TWD

SC Systex Corporation 6214 · TW
Price146.50 TWD
Fair Value114.07 TWD
Upside-22.1%
Quality51/100
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Healthy Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Narrow moat 42/100
Evidence: High Range 82.55 TWD – 142.60 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +8.5% 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 (142.60 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

164.00 TWD 60.86 TWD Fair Value 114.07 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 60.86 TWD – 164.00 TWD · fair‑value band 82.55 TWD – 142.60 TWD · the 146.50 TWD price screens above the 114.07 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Systex Corporation (6214) currently trades at 146.50 TWD, while our model-based Fair Value estimate is 114.07 TWD, implying the stock looks roughly 22.1% overvalued today. The Quality Score stands at 51/100 (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: high).

Over the trailing twelve months, Systex Corporation generated revenue of 46.1B TWD at a net margin of 5.6%. Revenue grew 21.7% year over year. It earns a return on equity of 14.5%. Net debt stands at 152M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 82.55 TWD (bear case) to 142.60 TWD (bull case); at 146.50 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 10% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -22%, 6214 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 BearBaseBull Evidence
Highest evidence
Growth DCF 93.67 TWD 147.50 TWD 237.07 TWD 80
Residual Income 61.98 TWD 71.67 TWD 121.43 TWD 76
Rev-Margin DCF 78.04 TWD 117.99 TWD 168.62 TWD 74
All 26 models by family
DCF Models
FCF DCF 93.87 TWD 151.47 TWD 249.29 TWD 38
Owner Earnings 132.11 TWD 218.76 TWD 365.92 TWD 31
5Y Revenue Exit 78.04 TWD 118.52 TWD 172.34 TWD 39
5Y EBITDA Exit 89.90 TWD 142.54 TWD 207.42 TWD 41
5Y P/E Exit 115.89 TWD 195.16 TWD 284.78 TWD 38
10Y Revenue Exit 81.01 TWD 120.92 TWD 179.79 TWD 36
10Y EBITDA Exit 90.60 TWD 138.35 TWD 208.66 TWD 37
10Y P/E Exit 107.70 TWD 176.51 TWD 272.31 TWD 35
Earnings-Based
Graham-Dodd 53.68 TWD 233.58 TWD 319.46 TWD 54
Lynch FV 60.12 TWD 85.89 TWD 111.66 TWD 50
PEG = 1.0 60.12 TWD 85.89 TWD 111.66 TWD 46
EPV 58.38 TWD 65.10 TWD 70.99 TWD 59
Dividend Discount
Gordon GGM 47.75 TWD 99.27 TWD 157.48 TWD 70
DDM Multi-Stage 47.75 TWD 83.71 TWD 104.19 TWD 61
Multiples
P/E Multiple 118.42 TWD 157.89 TWD 197.36 TWD 63
P/S Multiple 100.65 TWD 134.20 TWD 167.76 TWD 58
P/B Multiple 100.65 TWD 134.20 TWD 167.76 TWD 55
EV/EBIT 97.17 TWD 123.55 TWD 149.92 TWD 53
EV/EBITDA 94.40 TWD 119.85 TWD 145.30 TWD 54
EV/Revenue 71.39 TWD 94.24 TWD 117.10 TWD 43
Asset-Based
NCAV (Graham) 33.50 TWD 44.89 TWD 66.99 TWD 50
Growth DCF
Growth DCF 93.67 TWD 147.50 TWD 237.07 TWD 80
Rev-Margin DCF 78.04 TWD 117.99 TWD 168.62 TWD 74
Economic Profit
Residual Income 61.98 TWD 71.67 TWD 121.43 TWD 76
ROIC Compounder 58.38 TWD 65.10 TWD 76.73 TWD 72
Growth Earnings
Growth-Adj P/E 97.12 TWD 138.74 TWD 180.36 TWD 68

Widest divergence: DCF Models (142.54 TWD) versus Asset-Based (44.89 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 46.1B TWD
Revenue growth (YoY) +21.7%
Net margin 5.6%
Return on equity 14.5%
Free cash flow 1.6B TWD FY2025
P/E ratio 17.9
More key figures
Operating margin 4.9%
EPS (TTM) 7.89 TWD
EPS growth (YoY) +163%
Net debt 152M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 72

Profitability 51
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 11
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

Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. It operates through Financial Business Integration, Consumer Market Integration, Digital Ecosystem Integration, Commercial Software Service Integration, China Group, and Investment Department segments.

Full company description

Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. It operates through Financial Business Integration, Consumer Market Integration, Digital Ecosystem Integration, Commercial Software Service Integration, China Group, and Investment Department segments. The Financial Business Integration segment provides financial technologies and develops smart finance solutions centered on FinTech to assist financial customers in digital transformation, including transformation services in mobile applications, integration services for investor, and wealth management upgrade services. The Consumer Market Integration segment offers full channel and payment services; and assists customers in operating O2O business to realize digital transformation. The Digital Ecosystem Integration segment provides data technology products and solutions to drive business intelligence growth of customers, act as the data enabler for customers, and introduce digital technology to offer solutions to customer in digital transformation. The Commercial Software Services Integration segment provides software and hardware, learning cloud-related technologies and applications; and IT integration and ecosystem information services. The China Group segment offers system integration and value-added services; and commercial software and cloud platform tools. The Investment Department segment engages in investment activities. It is also involved in the sale and leasing of computer software and related equipment; transmission and security of value-added network; maintenance of database; consultation, spare parts, and repairs and maintenace services; design, installation, and maintenance of computer information and communication engineering activities; and provision of computer system software, wire communication equipment and apparatus, and electronic parts and components. Systex Corporation was incorporated in 1997 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Systex Corporation reported revenue of 44.0B TWD in FY2025 versus 29.5B TWD in FY2021, a compound +10.5%/yr. Reported net income was 2.1B TWD in FY2025, compounding +15.4%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
44.0B TWD
Latest YoY
+12.9%
Avg. growth/yr (3Y)
+9.9%
Avg. growth/yr (5Y)
+13.1%
Avg. growth/yr (23Y)
+17.2%
Revenue +10.5%/yr
FY21 29.5B TWD
FY22 33.1B TWD
FY23 35.2B TWD
FY24 39.0B TWD
FY25 44.0B TWD
Net income +15.4%/yr
FY21 1.2B TWD
FY22 1.1B TWD
FY23 1.5B TWD
FY24 2.0B TWD
FY25 2.1B TWD

6214 screens 22% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Systex Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6214

Peer Group

Information Technology Services · 480 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 51 · Below median
Fair Value upside −22% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 22% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 17.9× · Cheaper than median
P/B 2.11× · Pricier than median
P/S (TTM) 0.84× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 16.8× · Pricier than 75% of peers

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 20
FUTURE 100 · sector 29
PAST 58 · sector 36
HEALTH 99 · sector 97
DIVIDEND 0 · 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 21, 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 Systex Corporation (6214) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 114.07 TWD versus a price of 146.50 TWD, about −22% (overvalued).
What is the fair value of 6214?
Our model-based fair value for Systex Corporation is 114.07 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 146.50 TWD.
What is the quality score of 6214?
Systex Corporation has a Quality Score of 51/100. 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 Systex Corporation (6214)?
Systex Corporation reported trailing-twelve-month revenue of about 46.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6214?
The net profit margin of Systex Corporation is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.

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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