Grandsys Inc.

NT$23.40As of Sun 8 Nov 2026, 12:00 UTC

TPEx:6910Technology

Country Taiwan

PE (Fwd) 11.41

TSR 3Y CAGR (18.31%)

Div yield —

ROE 13.27%

Software (Application)

Beta (5Y) —

PE TTM 11.80

TSR TTM (39.88%)

Mkt cap NT$714.2M

ROIC 36.88%

SE Grade™

Value

Quality

Moat

1Y Price

Reference

NT$24

4.62%

74.70%

Price below Reference Value

TTM

FYE 31 Dec TWD

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

384.8

RevenueNT$M

—

335.1

311.3

295.8

384.8

393.9

4.72%

—

30.10

Revenue growth%

—

(7.10)

(4.97)

30.10

2.35

(4.97)

—

54.91

Gross margin%

—

57.82

63.44

58.75

54.91

55.26

58.29

—

17.65

Operating margin%

—

17.75

12.04

9.26

17.65

17.29

14.84

—

14.08

Net margin%

—

15.25

13.62

10.15

14.08

13.98

13.85

—

11.80

P/E ratio (avg)x

—

28.67

34.12

21.15

11.61

28.67

—

6.314

EV/EBITx

—

26.06

31.44

12.67

4.447

26.06

—

8.42

FCF yield (avg)%

—

3.69

2.87

4.70

8.01

3.69

—

13.99

FCF margin%

—

30.34

14.40

9.94

13.99

13.00

14.20

—

0.994

FCF / Net incomex

—

1.990

1.057

0.979

0.994

0.930

1.025

—

36.88

ROIC%

—

116.65

50.98

19.95

36.88

35.56

43.93

—

13.27

Return on equity%

—

15.90

12.92

8.87

13.27

10.96

13.09

—

9.12

Return on assets%

—

11.21

9.64

6.75

9.12

8.48

9.38

—

1.98

EPSNT$

—

1.89

1.57

1.11

1.98

2.01

1.55%

—

78.04

EPS growth%

—

(17.13)

(29.02)

78.04

1.61

(17.13)

—

17.38

Bookvalue per shNT$

—

11.90

12.40

12.68

17.38

19.40

13.45%

—

1.97

FCF per shareNT$

—

3.77

1.66

1.09

1.97

1.87

(19.42%)

—

Dividend per shNT$

—

Div yield (avg)%

—

Payout ratio%

—

30.52

Shares (diluted)M

—

26.99

27.03

26.97

27.32

◌27.32

0.42%

—

(1.33)

Buyback yield%

—

(0.16)

0.23

(1.33)

◌—

(0.16)

—

D/E ratiox

—

0.036

0.052

0.037

—

0.036

—

428.9

Enterprise valueNT$M

—

976.5

861.6

860.3

302.9

(6.14%)

—

LT debtNT$M

—

Peers (US$18.38M)

Cap (US$)

Study King Co., Ltd.

18.66M

27.14x

Penpower Technology…

17.36M

—

MetaEdge Corporation

12.56M

—

Altitude Group plc

18.36M

—

Capital

TTM

10Y

Leveragex

(3.622)

(4.104)

EBIT/Intx

205.8

91.57

Own earn%

—

Sh yield%

(1.33)

(0.16)

Owners

Insiders/Inst%

9.06

13.00

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/4

Revenue growth years

1/3

EPS growth years

1/3

Dividend streakyrs

Op margin range%

9–18

$1 testx

—

Incr. ROIC%

—

Grandsys Inc. engages in the research, design, development, construction, sales, and maintenance services of customer service center-related application software in China.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Revenue

NT$384.8M

4.72%

1.00×

Cost of revenue

NT$173.5M

7.08%

1.07×

Operating expenses

NT$143.4M

2.21%

0.93×

Asset mix

Trend

Other

51.40%

Cash and investments

48.60%

Reinvestment returns

5Y median

Trend

Reinvestment rate

(16.41%)

Return on capital

43.93%

Spread over hurdle

39.32%