Perfect (PERF)
Market Price (11/18/2025): $1.8 | Market Cap: $187.2 MilSector: Information Technology | Industry: Application Software
Perfect (PERF)
Market Price (11/18/2025): $1.8Market Cap: $187.2 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -89% | Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -145% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.3% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | ||
| Attractive yieldFCF Yield is 7.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -89% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Attractive yieldFCF Yield is 7.2% |
| Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -145% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.3% |
Market Valuation & Key Metrics
PERF Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points highlighting why Perfect (PERF) stock moved by -7.1% between July 31, 2025, and November 14, 2025:
1. Significant Fall in Consensus EPS Estimates: On August 4, 2025, consensus Earnings Per Share (EPS) estimates for Perfect Corp. experienced a substantial decrease, falling by 44%. This significant revision in future earnings expectations likely contributed to negative investor sentiment and a downward pressure on the stock price.
2. Lagging EPS in Q2 2025 Earnings Report: Although Perfect Corp.'s Q2 2025 earnings, reported on September 29, 2025, showed revenues exceeding analyst expectations, the Earnings Per Share (EPS) for the quarter lagged behind. This mixed financial performance could have created uncertainty among investors, contributing to the stock's decline.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PERF Return | - | - | -28% | -57% | -9% | -36% | -82% |
| Peers Return | 13% | -2% | -7% | 6% | 52% | -27% | 23% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| PERF Win Rate | - | 67% | 50% | 42% | 42% | 40% | |
| Peers Win Rate | 13% | 10% | 5% | 21% | 33% | 43% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| PERF Max Drawdown | - | - | -46% | -67% | -44% | -43% | |
| Peers Max Drawdown | -5% | -4% | -8% | -1% | -4% | -34% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADSK, HIT, BIYA, BLIV, BMR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | PERF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -78.5% | -25.4% |
| % Gain to Breakeven | 366.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to ADSK, HIT, BIYA, BLIV, BMR
In The Past
Perfect's stock fell -78.5% during the 2022 Inflation Shock from a high on 10/28/2022. A -78.5% loss requires a 366.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Perfect Stock Really Go? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to PERF. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -10.7% | -10.7% | -10.7% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -2.0% | -2.0% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -2.7% | -2.7% | -3.9% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -1.3% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.8% | 2.8% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -10.7% | -10.7% | -10.7% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -2.0% | -2.0% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -2.7% | -2.7% | -3.9% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -1.3% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.8% | 2.8% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Perfect
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.89 |
| Mkt Cap | 0.2 |
| Rev LTM | 67 |
| Op Inc LTM | 1 |
| FCF LTM | 14 |
| FCF 3Y Avg | 1,704 |
| CFO LTM | 14 |
| CFO 3Y Avg | 1,775 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.5% |
| Rev Chg 3Y Avg | 12.0% |
| Rev Chg Q | 17.1% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Mgn LTM | 5.0% |
| Op Mgn 3Y Avg | -14.9% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 20.9% |
| CFO/Rev 3Y Avg | 30.7% |
| FCF/Rev LTM | 20.3% |
| FCF/Rev 3Y Avg | 29.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.2 |
| P/S | 3.1 |
| P/EBIT | 41.1 |
| P/E | 59.6 |
| P/CFO | 22.6 |
| Total Yield | 1.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.0 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -16.1% |
| 3M Rtn | -25.0% |
| 6M Rtn | -12.8% |
| 12M Rtn | -2.4% |
| 3Y Rtn | -20.0% |
| 1M Excs Rtn | -16.2% |
| 3M Excs Rtn | -25.8% |
| 6M Excs Rtn | -24.7% |
| 12M Excs Rtn | -18.2% |
| 3Y Excs Rtn | -91.4% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 6-K 9/30/2025 |
| 6302025 | 7292025 | 6-K 6/30/2025 |
| 3312025 | 4282025 | 6-K 3/31/2025 |
| 12312024 | 3282025 | 20-F 12/31/2024 |
| 9302024 | 10292024 | 6-K 9/30/2024 |
| 6302024 | 7242024 | 6-K 6/30/2024 |
| 3312024 | 4242024 | 6-K 3/31/2024 |
| 12312023 | 3292024 | 20-F 12/31/2023 |
| 9302023 | 10252023 | 6-K 9/30/2023 |
| 6302023 | 10032023 | 6-K 6/30/2023 |
| 3312023 | 4252023 | 6-K 3/31/2023 |
| 12312022 | 3302023 | 20-F 12/31/2022 |
| 9302022 | 11302022 | 6-K 9/30/2022 |
| 12312021 | 9302022 | 424B3 12/31/2021 |
| 12312020 | 3252022 | F-4 12/31/2020 |
External Quote Links
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| YCharts | Perplexity Finance |
| FinViz |