ACpay Co Ltd

ACpay's capital structure shows a market price of TWD 20.2 and a market cap of TWD 388.6 million, with a price-to-book ratio of 3.19 and a price-to-tangible-book ratio of 3.19. The company's liquidity is assessed as medium, with a current ratio of 1.67, but it holds negative net cash after subtracting total debt. The debt-to-equity ratio of 0.94 indicates moderate leverage, though the company's operating cash flow is negative at TWD -2.9 million. Profitability metrics are weak, with a return on equity of -17.87% and a return on assets of -5.56%. Gross profit of TWD 29.89 million is significantly lower than revenue of TWD 146.1 million, and the company reported an operating loss of TWD 31.8 million and a net loss of TWD 21.74 million. These figures fall below the industry median for profitability and returns, indicating underperformance relative to peers. The company's revenue is concentrated in Taiwan, with no disclosed geographic diversification. It operates in a single business segment focused on payment and software services, with no material revenue from cross-border e-commerce as yet. Growth trajectory is uncertain, with no disclosed revenue growth or outlook provided in the input data. The company's free cash flow is negative at TWD -147.33 million, and capital expenditures of TWD -130.59 million suggest ongoing investment in operations. The absence of a clear growth strategy or segment-specific outlook complicates future projections. Risk factors include liquidity constraints and a negative operating cash flow, which could limit the company's ability to fund operations or expand. Dilution risk is assessed as low, with no near-term pressure expected, and no recent issuance or ATM/shelf disclosures reported. However, the company's negative net income and operating cash flow raise concerns about long-term sustainability. Recent events include the latest financial filing, which shows a net loss and negative cash flow. No recent earnings call transcripts or material events are disclosed in the input data.