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Taiwan IT services and software integrator providing enterprise systems, cloud and digital-transformation solutions.
Taiwan IT services and software integrator providing enterprise systems, cloud and digital-transformation solutions.
Earns from system integration projects, software and hardware resale, and managed services for financial institutions, government and big corporations; resale of third-party IT products is a large part of revenue at thin margins, while services and software earn more.
In one line: A smaller Taiwanese Accenture/CDW.
Moat: narrow (customer qualification, distribution). Long-standing vendor ties and integration contracts with large local enterprises and government.
Headquarters: Taipei, Taiwan · Employees: 4,977
Size Systex (6214.TW) is a Taiwan Information Technology company (Packaged Software) with a market value of $1.46B, the 208th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$192.00 on 6 Nov 2026.
Performance Over six months the shares gained 53.6%, against -24.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 33.5% over the last twelve months (peer median +9.2%); the operating margin is 3.5% (peer median 4.5%).
Valuation It trades at 16.6× forward earnings against a peer median of 20.8× (9th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$57.8B | NT$44.0B | NT$39.0B | NT$35.2B | NT$33.1B |
| Revenue growth | — | +13% | +11% | +6% | — |
| Gross profit | NT$10.3B | NT$9.24B | NT$7.89B | NT$7.59B | NT$7.03B |
| EBITDA | NT$191M | NT$2.13B | NT$1.86B | NT$1.89B | NT$1.65B |
| Net income | NT$2.73B | NT$2.15B | NT$1.96B | NT$1.49B | NT$1.09B |
| Free cash flow | NT$4.66B | NT$1.64B | NT$2.31B | NT$1.98B | NT$291M |
| Capital expenditure | NT$386M | NT$370M | NT$268M | NT$244M | NT$325M |
| Total debt | NT$6.10B | NT$5.52B | NT$5.70B | NT$5.63B | NT$5.29B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Systex 6214.TW | $1.46B | +54% | +34% | 3% | 16.6× | -12.4% |
| Chunghwa Telecom 2412.TW | $38.4B | +20% | -10% | 20% | 30.1× | 7.4% |
| Acer 2353.TW | $2.63B | +4% | +15% | 2% | 16.4× | n/a |
| Getac 3005.TW | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6214.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.9% | +0.3% | 9th highest of 21 |
| 6-month return | +53.6% | -24.9% | highest of 20 |
| Distance from 52-week high | -5.9% | -45.2% | highest of 21 |
| Revenue growth (TTM) | +33.5% | +9.2% | 4th highest of 21 |
| Operating margin | 3.5% | 4.5% | 11th highest of 21 |
| Forward P/E | 16.6× | 20.8× | 9th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -12.4% | 13.5% | least demanding of 14 |
| Growth delivered (Del g) | +13.1% | +14.8% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -25.6 pp | +1.4 pp | 4th least demanding of 14 |
| ROIC minus cost of capital | -7.3 pp | -4.2 pp | 9th lowest of 19 |
| Net debt / EBITDA | -42.9× | -0.9× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Systex 6214.TW | Taiwan | $1.46B | +54% | +34% | 3% | 16.6× | -12.4% | +13.1% |
| GO Inc. 581A.T | Japan | $1.45B | n/a | +32% | 17% | 21.9× | 34.7% | +31.9% |
| NextNav NN | United States | $1.45B | -56% | -36% | -1,900% | n/a | n/a | n/a |
| EverCommerce EVCM | United States | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% | +11.8% |
| PearlAbyss 263750.KS | South Korea | $1.47B | -44% | +114% | 40% | 7.1× | n/a | n/a |
| Exzeo XZO | United States | $1.47B | +21% | +329% | 49% | 14.8× | -8.4% | +59.0% |
| Pagaya Technologies PGY | United States | $1.47B | +15% | +11% | 22% | 7.8× | 4.1% | +68.9% |
| Alkami Technology ALKT | United States | $1.44B | -25% | +24% | -5% | 13.1× | 12.6% | +31.7% |
| Phancy 6682.HK | Hong Kong | $1.48B | -45% | +42% | -5% | 88.0× | n/a | n/a |
| Fractal Analytics FRACTAL.NS | India | $1.49B | -27% | +19% | 12% | 41.5× | 31.4% | +18.5% |
| Wuxi Boton Technology 300031.SZ | China | $1.50B | +8% | +22% | 2% | 32.5× | 30.2% | +5.6% |
| BlackLine BL | United States | $1.50B | -15% | +9% | 7% | 10.0× | 12.1% | +14.8% |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 177.0× | n/a | n/a |
| YGsoft 002063.SZ | China | $1.51B | -16% | +5% | 13% | 31.0× | 16.3% | +8.9% |
| Longshine Technology 300682.SZ | China | $1.39B | -35% | +7% | -9% | 25.9× | 49.4% | +6.0% |
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% | -7.4% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |
| Yusys Technologies 300674.SZ | China | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% | +4.0% |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Digiwin 300378.SZ | China | $1.54B | -2% | +10% | 9% | 32.5× | n/a | n/a |
| CloudWalk Technology 688327.SS | China | $1.54B | -28% | -47% | -165% | n/a | n/a | n/a |