QSAN Technology Inc

NT$190.00As of Sun 8 Nov 2026, 12:00 UTC

TPEx:7945Technology

Country Taiwan

PE (Fwd) •••

TSR 10Y CAGR —

Div yield —

ROE —

Information Technology Services

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap NT$2.193B

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

NT$205

8.00%

(80.21%)

Hold 6|7|1|11|11

TTM

FYE 31 Dec TWD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

5Y

10Y

Peers

620.0

RevenueNT$M

514.0

527.2

553.7

570.6

598.7

634.2

669.7

695.1

711.1

758.8

650.5

4.85%

4.61%

26

23.62

Revenue growth%

30.14

30.10

31.90

32.98

35.60

38.17

35.96

36.01

36.41

34.60

25.45

36.01

35.10

25

4.89

Gross margin%

12.10

11.30

10.93

11.51

12.95

11.23

11.15

12.03

12.86

14.59

7.28

12.03

11.77

69

18.37

Operating margin%

4.66

6.17

5.36

3.99

4.01

5.39

6.22

7.79

6.71

4.35

25.38

6.22

5.37

33

6.18

Net margin%

3.76

6.20

6.77

4.96

5.74

5.01

4.18

4.23

1.80

0.73

24.87

4.18

4.59

42

33.57

P/E ratio (avg)x

23.00

23.29

24.93

23.17

22.83

21.97

23.12

21.37

19.68

19.09

33.54

21.37

22.91

41

14.76

EV/EBITx

37.84

37.35

35.90

35.34

36.92

33.99

33.56

33.01

32.98

34.85

23.01

33.56

35.09

53

12.96

FCF yield (avg)%

15.02

12.73

15.15

14.53

12.52

13.02

10.14

8.79

7.48

8.81

9.56

8.81

12.63

25

12.35

FCF margin%

22.59

20.23

20.39

21.89

19.75

20.56

21.96

23.65

22.83

22.18

18.50

22.18

21.92

57

0.285

FCF / Net incomex

0.526

0.573

0.603

0.541

0.487

0.456

0.423

0.368

0.331

0.324

1.359

0.368

0.471

66

12.28

ROIC%

23.81

21.07

24.03

21.97

23.86

21.18

24.07

24.13

22.24

24.24

15.70

24.07

23.83

8

22.15

Return on equity%

13.76

13.18

15.15

15.01

12.26

13.47

14.53

15.47

17.43

19.76

7.42

15.47

14.77

69

29.19

Return on assets%

3.65

3.15

0.40

0.40

0.40

0.40

0.40

0.40

0.40

2.61

5.87

0.40

0.40

6

2.91

EPSNT$

13.60

16.04

16.98

18.71

17.79

17.58

18.48

21.69

24.95

25.45

3.09

7.42%

8.16%

—

19.43

EPS growth%

27.95

26.35

24.98

26.22

24.94

25.75

27.91

30.86

30.63

30.92

17.36

30.63

27.13

59

10.10

Bookvalue per shNT$

18.05

17.97

17.42

17.79

20.22

21.04

20.77

23.84

26.81

27.95

11.22

6.69%

3.92%

—

3.93

FCF per shareNT$

12.47

14.41

16.53

19.66

19.76

22.83

26.68

26.95

30.84

33.08

14.22

10.86%

11.56%

—

3.08

Dividend per shNT$

7.89

9.15

9.67

9.89

11.69

13.57

14.41

16.44

17.36

18.26

9.67

9.32%

9.60%

—

3.60

Div yield (avg)%

19.04

16.71

17.05

18.66

18.31

19.71

18.37

21.18

19.01

19.69

2.82

19.69

18.84

32

15.05

Payout ratio%

19.79

21.41

23.15

25.29

23.31

20.48

22.37

23.17

25.52

23.24

3.48

23.17

23.16

59

11.49

Shares (diluted)M

12.86

12.84

11.98

12.98

12.03

13.64

13.92

13.94

13.14

12.17

11.36

0.23%

0.57%

95

20.04

Buyback yield%

19.81

20.27

22.10

20.49

21.94

21.54

20.40

20.03

18.97

20.66

2.42

20.40

20.45

36

0.689

D/E ratiox

1.428

1.382

1.573

1.772

1.930

2.180

2.102

2.060

2.248

2.224

0.469

2.180

1.995

47

468.6

Enterprise valueNT$M

305.8

316.1

328.9

316.4

345.2

339.1

364.1

335.8

356.1

398.2

301.1

2.89%

2.09%

10

454.0

LT debtNT$M

397.5

402.7

436.2

482.1

553.5

544.2

636.5

604.1

691.6

736.4

106.8

5.87%

6.74%

52

Peers (US$62.58M)

Cap (US$)

PE

47.94M

—

Lionic Corporation

37.59M

—

aetherAI Co., Ltd.

36.36M

—

Veefin Solutions…

62.59M

20.83x

Capital

TTM

5Y

10Y

Leveragex

8.449

—

—

EBIT/Intx

0.932

2.059

1.578

Own earn%

17.05

(7.88)

(17.18)

Sh yield%

23.65

40.36

39.15

Owners

Insiders/Inst%

3.36

78.25

Short interest%

1.90

SBC / revenue%

2.71

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

15

Op margin range%

4–8

$1 testx

0.0

Incr. ROIC%

25

QSAN Technology Inc operates as an application software company. It provides publishes software. It is headquartered in Taiwan.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

NT$758.8M

4.61%

1.00×

Cost of revenue

NT$447.0M

4.70%

1.01×

Operating expenses

NT$181.6M

4.91%

1.03×