Tai-Saw Technology Co Ltd

### Capital Structure and Liquidity Tai-Saw Technology Co Ltd has a market capitalization of TWD 6,159,016,600 and a price-to-earnings ratio of 137.38, indicating a high valuation relative to earnings. The company's liquidity position is assessed as medium, with a current ratio of 2.69 and a debt-to-equity ratio of 0.13, suggesting a relatively conservative capital structure. However, the company has negative net cash after subtracting total debt, which could pose a liquidity risk.

### Profitability and Returns The company's profitability is modest, with a return on equity (ROE) of 2.05% and a return on assets (ROA) of 1.48%, both below the industry median for Communications & Networking firms. The gross profit margin is 26.34%, and the operating margin is 6.52%, indicating that the company is generating profits but at a lower rate compared to industry peers.

### Segments and Geographic Exposure Tai-Saw Technology Co Ltd operates in a single disclosed segment focused on communications and networking equipment. The company's geographic exposure is not explicitly detailed in the available data, but the primary market is inferred to be in the Asia-Pacific region, given the company's listing and operational base.

### Growth Trajectory The company's revenue for the latest period is TWD 530,250,000, with a net income of TWD 44,832,000. The growth trajectory is not explicitly detailed in the available data, but the company's free cash flow of TWD 25,667,000 suggests some capacity for reinvestment or shareholder returns.

### Risk Factors The company faces a medium liquidity risk due to its current ratio and negative net cash position. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. The company's capital expenditures are negative, indicating a reduction in investment, which could affect long-term growth.

### Recent Events Recent events and filings are not explicitly detailed in the available data, but the company's financial performance and capital structure suggest a stable but not rapidly growing business.

Tai-Saw maintains a low debt-to-equity ratio of 0.13, well below the cohort median of 0.22.

Return on equity of 2.05% surpasses the 1.18% median return for the Communications & Networking cohort.

Cash conversion efficiency of 1.12 exceeds the cohort median of 0.76, indicating strong operational cash generation.

The company faces high credit risk, posing significant potential challenges to its financial stability and operations.

Revenue TWD 565.8M; Operating income TWD 9.3M.

• ▍Revenue TWD 565.8M
• ▍Operating income TWD 9.3M
• ▍Net margin 0.4%

Revenue TWD 555.6M; Operating income TWD 13.7M.

• ▍Revenue TWD 555.6M
• ▍Operating income TWD 13.7M
• ▍Net margin 5.2%

Revenue TWD 530.2M; Operating income TWD 34.6M.

• ▍Revenue TWD 530.2M
• ▍Operating income TWD 34.6M
• ▍Net margin 8.5%

Revenue TWD 2.18B, +2,1% YoY; Operating income +396,3% YoY.

• ▍Revenue TWD 2.18B, +2,1% YoY
• ▍Operating income +396,3% YoY
• ▍Net income +843,9% YoY
• ▍Free cash flow +109,6% YoY
• ▍Net margin 4.6%

Revenue TWD 2.13B, −36,4% YoY; Operating income −97,5% YoY.

• ▍Revenue TWD 2.13B, −36,4% YoY
• ▍Operating income −97,5% YoY
• ▍Net income −104,2% YoY
• ▍Free cash flow −227,1% YoY
• ▍Net margin -0.6%

Revenue TWD 3.36B, +14,6% YoY; Operating income +96,9% YoY.

• ▍Revenue TWD 3.36B, +14,6% YoY
• ▍Operating income +96,9% YoY
• ▍Net income −39,6% YoY
• ▍Free cash flow −53,5% YoY
• ▍Net margin 9.7%

Revenue TWD 2.93B; Operating income TWD 243.0M.

• ▍Revenue TWD 2.93B
• ▍Operating income TWD 243.0M
• ▍Net margin 18.4%