Qisda Corp

Qisda Corp maintains a capital structure with a debt-to-equity ratio of 1.88, indicating a relatively high leverage position compared to industry norms. The company's liquidity is assessed as medium, with a current ratio of 1.24 and negative net cash after subtracting total debt. Free cash flow for the period was 961.6 million TWD, while operating cash flow was 881.8 million TWD.

Profitability metrics show a return on equity of 1.78% and a return on assets of 0.34%, both below the industry median for computer hardware firms. Gross profit of 8.32 billion TWD and operating income of 1.19 billion TWD reflect modest margins, with net income at 663.1 million TWD. These figures suggest the company is underperforming in terms of capital efficiency and margin generation.

The company's revenue is concentrated in undisclosed segments and geographic regions, as no specific breakdown is provided in the available data. This lack of transparency limits the ability to assess exposure to regional or product-specific risks.

Growth trajectory appears flat, with no disclosed revenue growth or decline in the most recent period. Analysts have assigned a mean recommendation of 3.00 (Hold), with no strong buy or buy ratings, and all price targets clustered at 32.00 TWD.

Risk factors include medium liquidity risk due to the current ratio and negative net cash position, as well as potential dilution risk, though it is currently assessed as low. No recent dilutive events are disclosed, and no adjustments have been applied to valuation metrics.

Recent filings and transcripts are not available in the provided data, limiting the ability to assess management commentary or strategic shifts. The company's capital expenditure of -2.92 billion TWD suggests asset disposals or write-downs, which may indicate operational restructuring.

Analysts project 6.5% upside to a consensus price target of 32.0 TWD, suggesting limited downside risk at current levels.

Cash conversion of 1.33 exceeds the Computer Hardware cohort median of 1.0, indicating efficient earnings translation.

Gross profit reached 35.0 billion TWD in FY2026, maintaining scale despite declining net income trends.

Debt-to-equity ratio of 1.88 sits in the bottom quartile, far exceeding the cohort median of 0.3.

Operating margin of 2.4% trails the Computer Hardware cohort median of 3.1%, reflecting weak pricing power.

Return on equity of 1.8% underperforms the cohort median of 3.0%, indicating inefficient capital utilization.

Revenue TWD 51.54B, +3,6% YoY; Operating income −30,7% YoY.

• ▍Revenue TWD 51.54B, +3,6% YoY
• ▍Operating income −30,7% YoY
• ▍Net income −34,2% YoY
• ▍Free cash flow +48,0% YoY
• ▍Net margin 0.6%

Revenue TWD 52.16B, −3,6% YoY; Operating income −51,4% YoY.

• ▍Revenue TWD 52.16B, −3,6% YoY
• ▍Operating income −51,4% YoY
• ▍Net income −72,7% YoY
• ▍Free cash flow −23,7% YoY
• ▍Net margin 0.1%

Revenue TWD 52.53B, +3,4% YoY; Operating income −34,5% YoY.

• ▍Revenue TWD 52.53B, +3,4% YoY
• ▍Operating income −34,5% YoY
• ▍Net income −76,1% YoY
• ▍Free cash flow −255,5% YoY
• ▍Net margin 0.5%

Revenue TWD 53.46B, +7,2% YoY; Operating income −27,6% YoY.

• ▍Revenue TWD 53.46B, +7,2% YoY
• ▍Operating income −27,6% YoY
• ▍Net income −46,3% YoY
• ▍Free cash flow −30,9% YoY
• ▍Net margin 0.7%

Revenue TWD 49.75B; Operating income TWD 999.2M.

• ▍Revenue TWD 49.75B
• ▍Operating income TWD 999.2M
• ▍Net margin 1.0%

Revenue TWD 54.10B; Operating income TWD 1.16B.

• ▍Revenue TWD 54.10B
• ▍Operating income TWD 1.16B
• ▍Net margin 0.4%

Revenue TWD 50.79B; Operating income TWD 1.24B.

• ▍Revenue TWD 50.79B
• ▍Operating income TWD 1.24B
• ▍Net margin 2.1%

Revenue TWD 49.86B; Operating income TWD 1.19B.

• ▍Revenue TWD 49.86B
• ▍Operating income TWD 1.19B
• ▍Net margin 1.3%

Revenue TWD 207.90B, +3,1% YoY; Operating income −28,4% YoY.

• ▍Revenue TWD 207.90B, +3,1% YoY
• ▍Operating income −28,4% YoY
• ▍Net income −47,2% YoY
• ▍Free cash flow −124,7% YoY
• ▍Net margin 0.5%

Revenue TWD 201.67B, −0,9% YoY; Operating income −9,7% YoY.

• ▍Revenue TWD 201.67B, −0,9% YoY
• ▍Operating income −9,7% YoY
• ▍Net income −27,3% YoY
• ▍Free cash flow −34,4% YoY
• ▍Net margin 1.1%

Revenue TWD 203.59B, −15,1% YoY; Operating income −15,1% YoY.

• ▍Revenue TWD 203.59B, −15,1% YoY
• ▍Operating income −15,1% YoY
• ▍Net income −63,9% YoY
• ▍Free cash flow −79,9% YoY
• ▍Net margin 1.5%

Revenue TWD 239.84B, +6,1% YoY; Operating income −18,6% YoY.

• ▍Revenue TWD 239.84B, +6,1% YoY
• ▍Operating income −18,6% YoY
• ▍Net income −0,7% YoY
• ▍Free cash flow −20,5% YoY
• ▍Net margin 3.4%