Perfect Corp. (PERF) 10-Year Financial Performance & Capital Metrics

PERF • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutPerfect Corp. provides SaaS artificial intelligence and augmented reality beauty and fashion tech business solutions. The company offers AR makeup virtual try-on, YouCam tutorial, AI foundation shade finder and matcher, AI virtual background changer, AI skin analysis, AI face analyzer, AI face reshape simulator, AI personality finder, in-store barcode try-on, AI virtual hair color try-on, AR hairstyle virtual try-on, AI beard dye and beard style virtual try-on, hat and headband virtual try-on, AI-powered virtual try-on for glasses, virtual try-on for nails, AR watch virtual try-on, AR ring virtual try-on, AR bracelet virtual try-on, and AR earring virtual try-on solutions and services. It also provides YouCam makeup, YouCam perfect, YouCam video, YouCam cut, YouCam nails, and YouCam fun apps. The company was founded in 2015 and is based in New Taipei City, Taiwan.Show more

Revenue $60M +12.5%
EBITDA -$2M +52.6%
Net Income $5M -7.3%
EPS (Diluted) 0.05 +8.9%
Gross Margin 77.98% -3.2%
EBITDA Margin -3.9% +57.9%
Operating Margin -5.22% +50.6%
Net Margin 8.34% -17.6%
ROE 3.51% +4.0%
ROIC -12.81% +45.6%
Debt/Equity 0.00 -44.3%
Interest Coverage -449.00 -19.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 20.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.3%
✓Share count reduced 14.9% through buybacks

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-18.97%

5Y21.29%

3Y13.88%

TTM14.47%

Profit (Net Income) CAGR

10Y1.97%

5Y-

3Y-

TTM6.55%

EPS CAGR

10Y-1.34%

5Y-

3Y-

TTM-4.8%

ROCE

10Y Avg-9.57%

5Y Avg-14.76%

3Y Avg-20.5%

Latest-2.16%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Feb 2013	Jan 2015	Jan 2016	Jan 2017	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	534.78M	583.96M	541.96M	468.87M	22.93M	29.87M	40.76M	47.3M	53.51M	60.2M
Revenue Growth %	0.08%	0.09%	-0.07%	-0.13%	-0.95%	0.3%	0.36%	0.16%	0.13%	0.13%
Cost of Goods Sold+	321.17M	312.83M	284.34M	247.53M	1.6M	3.96M	5.74M	7.13M	10.4M	13.26M
COGS % of Revenue	0.6%	0.54%	0.52%	0.53%	0.07%	0.13%	0.14%	0.15%	0.19%	0.22%
Gross Profit+	213.61M	271.12M	257.62M	221.33M	21.33M	25.91M	35.02M	40.17M	43.1M	46.94M
Gross Margin %	0.4%	0.46%	0.48%	0.47%	0.93%	0.87%	0.86%	0.85%	0.81%	0.78%
Gross Profit Growth %	0.12%	0.27%	-0.05%	-0.14%	-0.9%	0.21%	0.35%	0.15%	0.07%	0.09%
Operating Expenses+	261.82M	258.59M	261.65M	238.03M	22.74M	28.75M	40.04M	111.24M	48.77M	50.09M
OpEx % of Revenue	0.49%	0.44%	0.48%	0.51%	0.99%	0.96%	0.98%	2.35%	0.91%	0.83%
Selling, General & Admin	230.07M	246.66M	249.54M	222.37M	16.6M	21.18M	30.22M	100.76M	37.31M	36.71M
SG&A % of Revenue	0.43%	0.42%	0.46%	0.47%	0.72%	0.71%	0.74%	2.13%	0.7%	0.61%
Research & Development	0	0	0	0	6.14M	7.57M	9.84M	10.48M	11.46M	12M
R&D % of Revenue	-	-	-	-	0.27%	0.25%	0.24%	0.22%	0.21%	0.2%
Other Operating Expenses	31.74M	11.93M	12.11M	15.65M	0	0	-21K	0	0	1.37M
Operating Income+	-48.21M	12.54M	-4.03M	-16.7M	-1.41M	-2.84M	-5.02M	-71.07M	-5.66M	-3.14M
Operating Margin %	-0.09%	0.02%	-0.01%	-0.04%	-0.06%	-0.1%	-0.12%	-1.5%	-0.11%	-0.05%
Operating Income Growth %	-4.8%	1.26%	-1.32%	-3.14%	0.92%	-1.02%	-0.77%	-13.17%	0.92%	0.44%
EBITDA+	-33.06M	23.48M	7.1M	-7.73M	-1.01M	-2.35M	-4.37M	-70.31M	-4.95M	-2.35M
EBITDA Margin %	-0.06%	0.04%	0.01%	-0.02%	-0.04%	-0.08%	-0.11%	-1.49%	-0.09%	-0.04%
EBITDA Growth %	-2.55%	1.71%	-0.7%	-2.09%	0.87%	-1.31%	-0.86%	-15.09%	0.93%	0.53%
D&A (Non-Cash Add-back)	15.15M	10.94M	11.13M	8.96M	394K	492K	645K	766K	713K	798K
EBIT	-48.21M	12.54M	-4.03M	-16.7M	-1.73M	-5.2M	-156.43M	-161.44M	5.55M	-2.84M
Net Interest Income+	0	0	0	0	153K	234K	122K	2.02M	9.48M	7.69M
Interest Income	0	0	0	0	158K	243K	131K	2.03M	9.5M	7.7M
Interest Expense	9.36M	9.34M	7.19M	7.14M	5K	9K	9K	8K	15K	7K
Other Income/Expense	-9.36M	-9.34M	-7.19M	-7.14M	-329K	-2.37M	-151.4M	-90.38M	11.19M	7.43M
Pretax Income+	-57.56M	3.19M	-11.22M	-23.84M	-1.74M	-5.21M	-156.44M	-161.45M	5.53M	4.29M
Pretax Margin %	-0.11%	0.01%	-0.02%	-0.05%	-0.08%	-0.17%	-3.84%	-3.41%	0.1%	0.07%
Income Tax+	-1.55M	547K	451K	-199K	247K	385K	417K	292K	115K	-735K
Effective Tax Rate %	0.97%	0.83%	1.04%	0.99%	1.14%	1.07%	1%	1%	0.98%	1.17%
Net Income+	-56.01M	2.65M	-11.67M	-23.64M	-1.99M	-5.59M	-156.85M	-161.74M	5.42M	5.02M
Net Margin %	-0.1%	0%	-0.02%	-0.05%	-0.09%	-0.19%	-3.85%	-3.42%	0.1%	0.08%
Net Income Growth %	-14.56%	1.05%	-5.41%	-1.03%	0.92%	-1.82%	-27.04%	-0.03%	1.03%	-0.07%
Net Income (Continuing)	-56.01M	2.65M	-11.67M	-23.64M	-1.99M	-5.59M	-156.85M	-161.74M	5.42M	5.02M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.50	0.02	-0.09	-0.19	-0.02	-0.05	-1.33	-1.37	0.05	0.05
EPS Growth %	-9.74%	1.04%	-5.4%	-1.02%	0.91%	-1.82%	-27.12%	-0.03%	1.03%	0.09%
EPS (Basic)	-0.50	0.02	-0.09	-0.19	-0.02	-0.05	-1.33	-1.37	0.05	0.05
Diluted Shares Outstanding	111.53M	123.9M	123.9M	123.95M	118.26M	118.26M	118.26M	118.26M	118.02M	100.42M
Basic Shares Outstanding	111.53M	123.4M	123.9M	123.95M	118.26M	118.26M	118.26M	118.26M	108.32M	100.42M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Feb 2013	Jan 2015	Jan 2016	Jan 2017	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	317.23M	296.46M	266.44M	240.32M	43.22M	84.95M	87.48M	209.17M	168.66M	177.91M
Cash & Short-Term Investments	2.45M	1.53M	5.64M	7.47M	36.08M	79.02M	80.45M	192.62M	154.17M	165.87M
Cash Only	2.45M	1.53M	5.64M	7.47M	28.28M	79.02M	80.45M	162.62M	123.87M	127.12M
Short-Term Investments	0	0	0	0	7.8M	0	0	30M	30.3M	38.75M
Accounts Receivable	20.42M	27.78M	29.6M	25.57M	6.21M	5.51M	6.64M	11.81M	10.42M	9.5M
Days Sales Outstanding	13.94	17.36	19.94	19.91	98.87	67.31	59.43	91.11	71.06	57.61
Inventory	271.88M	253.37M	221.34M	196.65M	96K	88K	88K	45K	33K	18K
Days Inventory Outstanding	308.98	295.62	284.12	289.98	21.95	8.11	5.6	2.3	1.16	0.5
Other Current Assets	22.48M	13.78M	9.86M	10.62M	834K	332K	45K	88K	269K	89K
Total Non-Current Assets+	102.37M	89.78M	84.61M	69.98M	1.24M	1.29M	1.43M	1.1M	1.7M	3.26M
Property, Plant & Equipment	20.06M	24.64M	25.89M	16.69M	772K	771K	1.03M	612K	1.23M	1.04M
Fixed Asset Turnover	26.66x	23.70x	20.93x	28.09x	29.70x	38.75x	39.69x	77.29x	43.61x	57.94x
Goodwill	38.77M	38.77M	38.77M	38.77M	0	0	0	0	0	0
Intangible Assets	43.55M	26.37M	19.95M	14.52M	66K	113K	100K	119K	77K	32K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-11.25M	-2.79M	-1.33M	-958K	402K	405K	135K	125K	140K	2.19M
Total Assets+	419.6M	386.23M	351.05M	310.3M	44.46M	86.24M	88.9M	210.27M	170.36M	181.17M
Asset Turnover	1.27x	1.51x	1.54x	1.51x	0.52x	0.35x	0.46x	0.22x	0.31x	0.33x
Asset Growth %	0.46%	-0.08%	-0.09%	-0.12%	-0.86%	0.94%	0.03%	1.37%	-0.19%	0.06%
Total Current Liabilities+	80.22M	68.89M	66.93M	59.55M	9.01M	13.33M	19.8M	24.92M	28.9M	32.21M
Accounts Payable	44.64M	39.26M	32.17M	28.61M	165K	0	0	0	0	0
Days Payables Outstanding	50.73	45.81	41.3	42.18	37.73	-	-	-	-	-
Short-Term Debt	874K	1.1M	1.25M	1.24M	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	1000K	1000K	1000K	0
Other Current Liabilities	34.7M	28.52M	33.51M	29.71M	3.6M	6.48M	4.52M	5.27M	6.05M	26.61M
Current Ratio	3.95x	4.30x	3.98x	4.04x	4.80x	6.37x	4.42x	8.39x	5.84x	5.52x
Quick Ratio	0.57x	0.63x	0.67x	0.73x	4.79x	6.36x	4.41x	8.39x	5.83x	5.52x
Cash Conversion Cycle	272.19	267.18	262.76	267.7	83.09	-	-	-	-	-
Total Non-Current Liabilities+	53.84M	61.58M	62.92M	64.95M	56.65M	108.65M	259.55M	3.39M	2.06M	1.95M
Long-Term Debt	4.02M	2.46M	1.22M	28.69M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	179K	115K	189K	87K	387K	108K
Deferred Tax Liabilities	4.02M	2.46M	1.22M	0	0	0	0	0	0	0
Other Non-Current Liabilities	8.33M	21.21M	29.5M	36.27M	56.47M	108.53M	259.36M	3.31M	1.67M	1.84M
Total Liabilities	316.48M	290.94M	267.07M	249.88M	65.66M	121.98M	279.35M	28.31M	30.96M	34.16M
Total Debt+	4.89M	3.56M	2.47M	29.92M	426K	340K	638K	338K	868K	510K
Net Debt	2.44M	2.03M	-3.17M	22.45M	-27.86M	-78.68M	-79.81M	-162.28M	-123M	-126.61M
Debt / Equity	0.05x	0.04x	0.03x	0.50x	-	-	-	0.00x	0.01x	0.00x
Debt / EBITDA	-	0.15x	0.35x	-	-	-	-	-	-	-
Net Debt / EBITDA	-	0.09x	-0.45x	-	-	-	-	-	-	-
Interest Coverage	-5.15x	1.34x	-0.56x	-2.34x	-281.80x	-315.67x	-557.33x	-8884.25x	-377.33x	-449.00x
Total Equity+	103.12M	95.29M	83.98M	60.42M	-21.2M	-35.74M	-190.44M	181.96M	139.41M	147.01M
Equity Growth %	0.59%	-0.08%	-0.12%	-0.28%	-1.35%	-0.69%	-4.33%	1.96%	-0.23%	0.05%
Book Value per Share	0.92	0.77	0.68	0.49	-0.18	-0.30	-1.61	1.54	1.18	1.46
Total Shareholders' Equity	103.12M	95.29M	83.98M	60.42M	-21.2M	-35.74M	-190.44M	181.96M	139.41M	147.01M
Common Stock	163K	164K	164K	164K	31.36M	29.84M	30.15M	11.83M	10.19M	10.19M
Retained Earnings	-108.08M	-117.9M	-129.57M	-153.21M	-53.23M	-67.22M	-224.1M	-385.82M	-380.47M	-375.42M
Treasury Stock	0	0	0	0	0	0	0	0	-190K	0
Accumulated OCI	0	0	0	0	-67K	567K	632K	-407K	-523K	-740K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Feb 2013	Jan 2015	Jan 2016	Jan 2017	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-7.37M	44.52M	38.11M	19.26M	-1.25M	2.19M	1.55M	-3.31M	13.58M	13M
Operating CF Margin %	-0.01%	0.08%	0.07%	0.04%	-0.05%	0.07%	0.04%	-0.07%	0.25%	0.22%
Operating CF Growth %	-1.22%	7.04%	-0.14%	-0.49%	-1.07%	2.75%	-0.29%	-3.14%	5.11%	-0.04%
Net Income	-56.01M	2.65M	-11.67M	-23.64M	-1.74M	-5.21M	-156.85M	-161.45M	5.53M	5.02M
Depreciation & Amortization	15.15M	10.94M	11.13M	8.96M	394K	492K	645K	766K	713K	798K
Stock-Based Compensation	0	0	0	0	0	0	1.78M	2.17M	3.21M	2.77M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-23.25M	52.31M	66.41M	52.6M	1.15M	2.1M	156.26M	158.39M	-2.18M	449K
Working Capital Changes	52.2M	-22.34M	-28.05M	-18.75M	-1.05M	4.81M	-284K	-3.19M	6.3M	3.96M
Change in Receivables	6.32M	6.47M	-1.79M	2.31M	-3.45M	952K	-1.06M	-5.18M	1.63M	-511K
Change in Inventory	5.93M	29.43M	32.03M	24.68M	-35K	8K	0	43K	12K	15K
Change in Payables	2.04M	-1.25M	31K	727K	160K	-167K	0	0	0	0
Cash from Investing+	-52.04M	-12.39M	-8.48M	-3.12M	-7.77M	7.84M	-213K	-30.26M	-637K	-8.88M
Capital Expenditures	-7.09M	-12.09M	-8.48M	-3.12M	-194K	-215K	-154K	-165K	-289K	-392K
CapEx % of Revenue	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-300K	0	0	-57K	-124K	-59K	-93K	-48K	-8.49M
Cash from Financing+	60.17M	-32.15M	-25.52M	-14.31M	26.16M	39.81M	-63K	118.03M	-51.5M	-525K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	60.17M	-32.15M	-25.52M	-14.31M	26.36M	50.11M	330K	118.48M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-14.46M	32.43M	29.63M	16.15M	-1.49M	1.9M	1.39M	-3.56M	13.26M	12.61M
FCF Margin %	-0.03%	0.06%	0.05%	0.03%	-0.06%	0.06%	0.03%	-0.08%	0.25%	0.21%
FCF Growth %	-1.38%	3.24%	-0.09%	-0.45%	-1.09%	2.28%	-0.27%	-3.56%	4.72%	-0.05%
FCF per Share	-0.13	0.26	0.24	0.13	-0.01	0.02	0.01	-0.03	0.11	0.13
FCF Conversion (FCF/Net Income)	0.13x	16.82x	-3.27x	-0.81x	0.63x	-0.39x	-0.01x	0.02x	2.51x	2.59x
Interest Paid	0	0	0	0	0	0	9K	0	0	18K
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2013	2014	2015	2016	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-66.71%	2.67%	-13.02%	-32.74%	-10.12%	-	-	-88.89%	3.37%	3.51%
Return on Invested Capital (ROIC)	-42.18%	9.27%	-3.39%	-15.3%	-6.25%	-	-	-270.78%	-23.53%	-12.81%
Gross Margin	39.94%	46.43%	47.54%	47.21%	93.04%	86.74%	85.93%	84.93%	80.56%	77.98%
Net Margin	-10.47%	0.45%	-2.15%	-5.04%	-8.66%	-18.72%	-384.82%	-341.95%	10.12%	8.34%
Debt / Equity	0.05x	0.04x	0.03x	0.50x	-	-	-	0.00x	0.01x	0.00x
Interest Coverage	-5.15x	1.34x	-0.56x	-2.34x	-281.80x	-315.67x	-557.33x	-8884.25x	-377.33x	-449.00x
FCF Conversion	0.13x	16.82x	-3.27x	-0.81x	0.63x	-0.39x	-0.01x	0.02x	2.51x	2.59x
Revenue Growth	8.36%	9.2%	-7.19%	-13.49%	-95.11%	30.28%	36.44%	16.05%	13.12%	12.52%

Revenue by Geography

	2022	2023	2024
UNITED STATES	-	24.99M	25.14M
UNITED STATES Growth	-	-	0.60%
Europe	-	-	16.59M
Europe Growth	-	-	-
Asia Pacific	-	-	10.11M
Asia Pacific Growth	-	-	-
Americas	-	-	6.67M
Americas Growth	-	-	-
Other Countries	14.86M	20.04M	1.7M
Other Countries Growth	-	34.86%	-91.54%
JAPAN	-	4.3M	-
JAPAN Growth	-	-	-
FRANCE	-	4.17M	-
FRANCE Growth	-	-	-

Frequently Asked Questions

Valuation & Price

Perfect Corp. (PERF) has a price-to-earnings (P/E) ratio of 34.2x. This suggests investors expect higher future growth.

Growth & Financials

Perfect Corp. (PERF) reported $66.9M in revenue for fiscal year 2024. This represents a 84% decrease from $429.3M in 2008.

Perfect Corp. (PERF) grew revenue by 12.5% over the past year. This is steady growth.

Yes, Perfect Corp. (PERF) is profitable, generating $5.7M in net income for fiscal year 2024 (8.3% net margin).

Dividend & Returns

Perfect Corp. (PERF) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.

Perfect Corp. (PERF) generated $13.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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