Obermatt

Sercomm

TAI:5388 · TW0005388003
Communications EquipmentMedium

360

42
EV / EBIT77
Price / Owner Earnings27
Owner Earnings Yield64
Dividend Yield1
Price/Sales88
EV / Gross Profit64
Price/Book74
Return on Capital75
Cash Return on Capital48
Return on Equity67
EBIT Margin47
Gross Profitability23
Cash Conversion1
Accruals9
Owner Earnings Margin42
Sales growth77
Profit Growth32
Long-Term EPS Growth30
Owner Earnings Growth25
Reinvestment1
Price momentum9
Debt load27
Refinancing91
Debt Payback20
Liquidity32
Analyst ratings49
Opinion Changes50
Price Target Upside48
Market mood88
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Sercomm clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryCommunications Equipment
SizeMedium
TypePublic Company
ExchangeTWSE
Founded1992
Employees872
ISINTW0005388003
Last UpdateApr 2, 2026
Index & Theme
Network SecurityEnterprise Voip and TelephonySensorsVoIPNetwork Backbone5GOptical InfrastructureManufacturingTelecommunications

Description

Sercomm Corporation engages in providing broadband solutions. Focused on advancing technology and innovation, the Company has established a reputation for quality and reliability within the industry. The company’s operations encompass a comprehensive…

Analysis

Middle-of-the-road

Sercomm Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 42.6×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
56
2023202420252026

All-time high

86

Mar 2026

All-time low

34

Jan 2025

Average rank

61

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
88
72
80
84
Price/Earnings
78
52
72
46
Price/Book
74
36
26
43
Dividend Yield
1
62
98
90
Value (overall)
55
53
85
67

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →