View ValuationInternational Games SystemLtd 将来の成長Future 基準チェック /16International Games SystemLtdは、14.1%と13.4%でそれぞれ年率14.1%で利益と収益が成長すると予測される一方、EPSはgrowで14.1%年率。主要情報14.1%収益成長率14.13%EPS成長率Entertainment 収益成長13.2%収益成長率13.4%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日07 Aug 2026今後の成長に関する最新情報Price Target Changed • Apr 09Price target decreased by 8.4% to NT$997Down from NT$1,089, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$715. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$38.46 for next year compared to NT$32.14 last year.Price Target Changed • Nov 16Price target decreased to NT$370Down from NT$461, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$377. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of NT$38.24 for next year compared to NT$33.60 last year.Major Estimate Revision • May 12Consensus revenue estimates increase to NT$12.3bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from NT$11.0b to NT$12.3b. EPS estimate increased from NT$66.23 to NT$74.29 per share. Net income forecast to grow 46% next year vs 46% growth forecast for Entertainment industry in Taiwan. Consensus price target broadly unchanged at NT$976. Share price was steady at NT$730 over the past week.すべての更新を表示Recent updatesReported Earnings • Aug 14Second quarter 2026 earnings released: EPS: NT$11.59 (vs NT$8.68 in 2Q 2025)Second quarter 2026 results: EPS: NT$11.59 (up from NT$8.68 in 2Q 2025). Revenue: NT$6.41b (up 15% from 2Q 2025). Net income: NT$3.27b (up 34% from 2Q 2025). Profit margin: 51% (up from 44% in 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Jun 24Dividend increased to NT$36.00Dividend of NT$36.00 is 24% higher than last year. Ex-date: 8th July 2026 Payment date: 7th August 2026 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share is expected to grow by 16% over the next year, which should maintain adequate earnings cover for the dividend.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$11.00 (vs NT$9.32 in 1Q 2025)First quarter 2026 results: EPS: NT$11.00 (up from NT$9.32 in 1Q 2025). Revenue: NT$6.26b (up 17% from 1Q 2025). Net income: NT$3.15b (up 20% from 1Q 2025). Profit margin: 50% (up from 49% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 21Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to NT$776. The fair value is estimated to be NT$977, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.New Risk • Mar 22New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 4.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$38.51 (vs NT$32.14 in FY 2024)Full year 2025 results: EPS: NT$38.51 (up from NT$32.14 in FY 2024). Revenue: NT$22.0b (up 19% from FY 2024). Net income: NT$10.9b (up 20% from FY 2024). Profit margin: 49% (in line with FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 09International Games System Co.,Ltd., Annual General Meeting, Jun 22, 2026International Games System Co.,Ltd., Annual General Meeting, Jun 22, 2026. Location: no,9, wu kung 6th rd., wugu district, new taipei city TaiwanReported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$9.90 (vs NT$7.71 in 3Q 2024)Third quarter 2025 results: EPS: NT$9.90 (up from NT$7.71 in 3Q 2024). Revenue: NT$5.38b (up 15% from 3Q 2024). Net income: NT$2.79b (up 28% from 3Q 2024). Profit margin: 52% (up from 46% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$8.68 (up from NT$8.08 in 2Q 2024). Revenue: NT$5.60b (up 22% from 2Q 2024). Net income: NT$2.44b (up 7.4% from 2Q 2024). Profit margin: 44% (down from 50% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 10Upcoming dividend of NT$29.00 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio and cash payout ratio are on the higher end at 85% and 98% respectively. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.0%).Declared Dividend • Jun 21Dividend of NT$29.00 announcedShareholders will receive a dividend of NT$29.00. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 45% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 20International Games System Co.,Ltd. Resolves Cash Dividend, Payable on August 15, 2025International Games System Co.,Ltd. in its board of directors or shareholders meeting, or of the decision by the company held on June 19, 2025 resolved ex dividend: Each share is entitled to receive TWD 29 for a total cash amount of TWD 8,172,245,240. Ex-rights (Ex-dividend) date: July 17. 2025. Payment date of cash dividend distribution: August 15, 2025. Ex-rights (Ex-dividend) record date: July 23, 2025.Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$9.32 (up from NT$7.23 in 1Q 2024). Revenue: NT$5.36b (up 28% from 1Q 2024). Net income: NT$2.63b (up 29% from 1Q 2024). Profit margin: 49% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 07International Games System Co.,Ltd. to Report Q1, 2025 Results on May 14, 2025International Games System Co.,Ltd. announced that they will report Q1, 2025 results on May 14, 2025Price Target Changed • Apr 09Price target decreased by 8.4% to NT$997Down from NT$1,089, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$715. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$38.46 for next year compared to NT$32.14 last year.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 109% High level of non-cash earnings (67% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$824, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Entertainment industry in Asia. Total returns to shareholders of 423% over the past three years.Reported Earnings • Mar 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$32.14 (up from NT$22.80 in FY 2023). Revenue: NT$18.5b (up 31% from FY 2023). Net income: NT$9.06b (up 41% from FY 2023). Profit margin: 49% (up from 45% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 07International Games System Co.,Ltd., Annual General Meeting, Jun 19, 2025International Games System Co.,Ltd., Annual General Meeting, Jun 19, 2025. Location: no,9, wu kung 6th rd., wugu district, new taipei city TaiwanNew Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$7.71 (up from NT$6.19 in 3Q 2023). Revenue: NT$4.70b (up 31% from 3Q 2023). Net income: NT$2.17b (up 25% from 3Q 2023). Profit margin: 46% (down from 49% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$990, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 591% over the past three years.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$8.08 (up from NT$5.91 in 2Q 2023). Revenue: NT$4.58b (up 32% from 2Q 2023). Net income: NT$2.28b (up 37% from 2Q 2023). Profit margin: 50% (up from 48% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.お知らせ • Aug 03International Games System Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024International Games System Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$830, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 367% over the past three years.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,490, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 334% over the past three years.Declared Dividend • Jul 10Dividend of NT$35.00 announcedShareholders will receive a dividend of NT$35.00. Ex-date: 24th July 2024 Payment date: 28th August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 47% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 25+ 2 more updatesInternational Games System Co.,Ltd. Announces Changes to its BoardInternational Games System Co.,Ltd. announced change of natural-person director, and independent director. Title and name of the previous position holders: Director/Tsan-Hua Wang and Independent director/Michael Chu. Resume of the previous position holders: Tsan-Hua Wang - Director of IGS. Michael Chu - Independent director of IGS. Title and name of the new position holders: Director/Pei-Ju Chen and Independent director/Chien-Jung Wang. Circumstances of change: Term expired. Original term from July 28, 2021 to July 27, 2024. Effective date of the new appointment: June 24, 2024.Reported Earnings • May 12First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$14.45 (up from NT$10.24 in 1Q 2023). Revenue: NT$4.18b (up 26% from 1Q 2023). Net income: NT$2.04b (up 41% from 1Q 2023). Profit margin: 49% (up from 43% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 02International Games System Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024International Games System Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).Reported Earnings • Mar 15Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: NT$45.61 (up from NT$38.88 in FY 2022). Revenue: NT$14.2b (up 19% from FY 2022). Net income: NT$6.43b (up 17% from FY 2022). Profit margin: 45% (in line with FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$1,165. The fair value is estimated to be NT$957, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 10.0% in a year. Earnings are forecast to grow by 12% in the next year.お知らせ • Mar 08International Games System Co.,Ltd., Annual General Meeting, Jun 24, 2024International Games System Co.,Ltd., Annual General Meeting, Jun 24, 2024. Location: Labor Activity Center Performing Arts Hall (No. 9, Wugong 6th Rd., Wugu Dist New Taipei City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review report of the 2023 financial report; to consider 2023 distributable compensation for employees and directors; to consider Reporting on the distribution of 2023 earnings as cash dividends; and to consider other matters.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,005, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Asia. Total returns to shareholders of 217% over the past three years.Buying Opportunity • Dec 25Now 20% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be NT$895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 10.0% in a year. Earnings is forecast to grow by 12% in the next year.Reported Earnings • Nov 14Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: NT$12.39 (up from NT$10.59 in 3Q 2022). Revenue: NT$3.58b (up 20% from 3Q 2022). Net income: NT$1.75b (up 17% from 3Q 2022). Profit margin: 49% (down from 50% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Entertainment industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year.Buying Opportunity • Aug 08Now 21% undervaluedOver the last 90 days, the stock is up 5.7%. The fair value is estimated to be NT$752, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%.Upcoming Dividend • Jul 10Upcoming dividend of NT$35.00 per share at 5.7% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (5.3%).お知らせ • Jun 29International Games System Co.,Ltd. Approves Cash Dividend, Payable on August 15, 2023International Games System Co.,Ltd. at its shareholders’ meeting held on June 28, 2023 approved dividend of TWD 35 for a total cash amount of TWD 4,931,527,300. Ex-rights (Ex-dividend) date is July 17, 2023. Ex-rights (Ex-dividend) record date is July 23, 2023. Payment date of cash dividend distribution is August 15, 2023.Price Target Changed • Nov 16Price target decreased to NT$370Down from NT$461, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$377. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of NT$38.24 for next year compared to NT$33.60 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun Cheng Shi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$10.59 (up from NT$8.54 in 3Q 2021). Revenue: NT$2.99b (up 4.6% from 3Q 2021). Net income: NT$1.49b (up 24% from 3Q 2021). Profit margin: 50% (up from 42% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Entertainment industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 20Upcoming dividend of NT$50.00 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (6.3%).Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$18.74 (up from NT$16.73 in 1Q 2021). Revenue: NT$2.92b (up 6.0% from 1Q 2021). Net income: NT$1.32b (up 12% from 1Q 2021). Profit margin: 45% (up from 43% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 40% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun Cheng Shi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 31International Games System Co.,Ltd., Annual General Meeting, Jun 27, 2022International Games System Co.,Ltd., Annual General Meeting, Jun 27, 2022.Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$17.09 (vs NT$13.22 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$2.86b (up 27% from 3Q 2020). Net income: NT$1.20b (up 29% from 3Q 2020). Profit margin: 42% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 16Upcoming dividend of NT$42.00 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 17 September 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (5.3%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$16.62 (vs NT$11.02 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.85b (up 45% from 2Q 2020). Net income: NT$1.17b (up 51% from 2Q 2020). Profit margin: 41% (up from 40% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 12Consensus revenue estimates increase to NT$12.3bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from NT$11.0b to NT$12.3b. EPS estimate increased from NT$66.23 to NT$74.29 per share. Net income forecast to grow 46% next year vs 46% growth forecast for Entertainment industry in Taiwan. Consensus price target broadly unchanged at NT$976. Share price was steady at NT$730 over the past week.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$16.73 (vs NT$11.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.75b (up 45% from 1Q 2020). Net income: NT$1.18b (up 49% from 1Q 2020). Profit margin: 43% (up from 42% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$48.38 (vs NT$28.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$8.43b (up 59% from FY 2019). Net income: NT$3.41b (up 73% from FY 2019). Profit margin: 41% (up from 37% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 26New 90-day high: NT$859The company is up 21% from its price of NT$708 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 9.0% over the same period.Is New 90 Day High Low • Jan 10New 90-day high: NT$785The company is up 1.0% from its price of NT$778 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$761 per share.Is New 90 Day High Low • Dec 05New 90-day low: NT$672The company is down 27% from its price of NT$920 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$667 per share.Is New 90 Day High Low • Nov 11New 90-day low: NT$692The company is down 6.0% from its price of NT$733 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$684 per share.Analyst Estimate Surprise Post Earnings • Nov 06Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 40%, compared to a 24% growth forecast for the Entertainment industry in Taiwan.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$13.22The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.25b (up 51% from 3Q 2019). Net income: NT$931.0m (up 57% from 3Q 2019). Profit margin: 41% (up from 40% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.業績と収益の成長予測TPEX:3293 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202729,11915,03514,80515,159412/31/202625,92213,0828,75111,79536/30/202623,75512,19813,33313,435N/A3/31/202622,93811,37612,15612,249N/A12/31/202522,03310,85211,58811,677N/A9/30/202521,40210,43410,67310,790N/A6/30/202520,7169,8178,37010,800N/A3/31/202519,6959,6488,29810,725N/A12/31/202418,5139,0587,5139,946N/A9/30/202417,2418,0606,0668,465N/A6/30/202416,1267,6328,0368,110N/A3/31/202415,0297,0197,3877,454N/A12/31/202314,1766,4266,4686,522N/A9/30/202313,5526,1865,9996,059N/A6/30/202312,9595,9326,2196,305N/A3/31/202312,3535,6015,6345,716N/A12/31/202211,9485,4785,7645,851N/A9/30/202211,6105,3265,5905,661N/A6/30/202211,4775,0385,7315,767N/A3/31/202211,4514,8765,5805,617N/A12/31/202111,2864,7355,0895,114N/A9/30/202110,7824,4624,8754,901N/A6/30/202110,1744,1904,8264,861N/A3/31/20219,2853,7954,2324,279N/A12/31/20208,4263,4093,8103,886N/A9/30/20207,7773,1093,0913,168N/A6/30/20207,0142,7703,1713,251N/A3/31/20206,2092,449N/A2,757N/A12/31/20195,2911,976N/A2,369N/A9/30/20194,4961,630N/A1,866N/A6/30/20193,7381,237N/A1,249N/A3/31/20193,3201,021N/A1,006N/A12/31/20183,067877N/A900N/A9/30/20182,977833N/A779N/A6/30/20183,129919N/A748N/A3/31/20183,253923N/A670N/A12/31/20173,314907N/A644N/A9/30/20173,333901N/A760N/A6/30/20173,252792N/A974N/A3/31/20173,291812N/A1,029N/A12/31/20163,320890N/A1,269N/A9/30/20163,079792N/A1,135N/A6/30/20162,783710N/A1,041N/A3/31/20162,361525N/A824N/A12/31/20151,917307N/A466N/A9/30/20151,748244N/A304N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3293の予測収益成長率 (年間14.1% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 3293の収益 ( 14.1% ) TW市場 ( 26.7% ) よりも低い成長が予測されています。高成長収益: 3293の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 3293の収益 ( 13.4% ) TW市場 ( 22% ) よりも低い成長が予測されています。高い収益成長: 3293の収益 ( 13.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 3293の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/15 20:18終値2026/08/14 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋International Games System Co.,Ltd. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Zhaoxiang YenCapital Securities CorporationTommy LaiKGI Securities Co. Ltd.Jason WangMasterlink Securities Investment Advisory2 その他のアナリストを表示
Price Target Changed • Apr 09Price target decreased by 8.4% to NT$997Down from NT$1,089, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$715. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$38.46 for next year compared to NT$32.14 last year.
Price Target Changed • Nov 16Price target decreased to NT$370Down from NT$461, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$377. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of NT$38.24 for next year compared to NT$33.60 last year.
Major Estimate Revision • May 12Consensus revenue estimates increase to NT$12.3bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from NT$11.0b to NT$12.3b. EPS estimate increased from NT$66.23 to NT$74.29 per share. Net income forecast to grow 46% next year vs 46% growth forecast for Entertainment industry in Taiwan. Consensus price target broadly unchanged at NT$976. Share price was steady at NT$730 over the past week.
Reported Earnings • Aug 14Second quarter 2026 earnings released: EPS: NT$11.59 (vs NT$8.68 in 2Q 2025)Second quarter 2026 results: EPS: NT$11.59 (up from NT$8.68 in 2Q 2025). Revenue: NT$6.41b (up 15% from 2Q 2025). Net income: NT$3.27b (up 34% from 2Q 2025). Profit margin: 51% (up from 44% in 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Jun 24Dividend increased to NT$36.00Dividend of NT$36.00 is 24% higher than last year. Ex-date: 8th July 2026 Payment date: 7th August 2026 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share is expected to grow by 16% over the next year, which should maintain adequate earnings cover for the dividend.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$11.00 (vs NT$9.32 in 1Q 2025)First quarter 2026 results: EPS: NT$11.00 (up from NT$9.32 in 1Q 2025). Revenue: NT$6.26b (up 17% from 1Q 2025). Net income: NT$3.15b (up 20% from 1Q 2025). Profit margin: 50% (up from 49% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 21Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to NT$776. The fair value is estimated to be NT$977, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
New Risk • Mar 22New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 93% Dividend yield: 4.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$38.51 (vs NT$32.14 in FY 2024)Full year 2025 results: EPS: NT$38.51 (up from NT$32.14 in FY 2024). Revenue: NT$22.0b (up 19% from FY 2024). Net income: NT$10.9b (up 20% from FY 2024). Profit margin: 49% (in line with FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 09International Games System Co.,Ltd., Annual General Meeting, Jun 22, 2026International Games System Co.,Ltd., Annual General Meeting, Jun 22, 2026. Location: no,9, wu kung 6th rd., wugu district, new taipei city Taiwan
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$9.90 (vs NT$7.71 in 3Q 2024)Third quarter 2025 results: EPS: NT$9.90 (up from NT$7.71 in 3Q 2024). Revenue: NT$5.38b (up 15% from 3Q 2024). Net income: NT$2.79b (up 28% from 3Q 2024). Profit margin: 52% (up from 46% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$8.68 (up from NT$8.08 in 2Q 2024). Revenue: NT$5.60b (up 22% from 2Q 2024). Net income: NT$2.44b (up 7.4% from 2Q 2024). Profit margin: 44% (down from 50% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 10Upcoming dividend of NT$29.00 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio and cash payout ratio are on the higher end at 85% and 98% respectively. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.0%).
Declared Dividend • Jun 21Dividend of NT$29.00 announcedShareholders will receive a dividend of NT$29.00. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 45% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 20International Games System Co.,Ltd. Resolves Cash Dividend, Payable on August 15, 2025International Games System Co.,Ltd. in its board of directors or shareholders meeting, or of the decision by the company held on June 19, 2025 resolved ex dividend: Each share is entitled to receive TWD 29 for a total cash amount of TWD 8,172,245,240. Ex-rights (Ex-dividend) date: July 17. 2025. Payment date of cash dividend distribution: August 15, 2025. Ex-rights (Ex-dividend) record date: July 23, 2025.
Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$9.32 (up from NT$7.23 in 1Q 2024). Revenue: NT$5.36b (up 28% from 1Q 2024). Net income: NT$2.63b (up 29% from 1Q 2024). Profit margin: 49% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 07International Games System Co.,Ltd. to Report Q1, 2025 Results on May 14, 2025International Games System Co.,Ltd. announced that they will report Q1, 2025 results on May 14, 2025
Price Target Changed • Apr 09Price target decreased by 8.4% to NT$997Down from NT$1,089, the current price target is an average from 3 analysts. New target price is 39% above last closing price of NT$715. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$38.46 for next year compared to NT$32.14 last year.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 109% High level of non-cash earnings (67% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$824, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Entertainment industry in Asia. Total returns to shareholders of 423% over the past three years.
Reported Earnings • Mar 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$32.14 (up from NT$22.80 in FY 2023). Revenue: NT$18.5b (up 31% from FY 2023). Net income: NT$9.06b (up 41% from FY 2023). Profit margin: 49% (up from 45% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 07International Games System Co.,Ltd., Annual General Meeting, Jun 19, 2025International Games System Co.,Ltd., Annual General Meeting, Jun 19, 2025. Location: no,9, wu kung 6th rd., wugu district, new taipei city Taiwan
New Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$7.71 (up from NT$6.19 in 3Q 2023). Revenue: NT$4.70b (up 31% from 3Q 2023). Net income: NT$2.17b (up 25% from 3Q 2023). Profit margin: 46% (down from 49% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$990, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 591% over the past three years.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$8.08 (up from NT$5.91 in 2Q 2023). Revenue: NT$4.58b (up 32% from 2Q 2023). Net income: NT$2.28b (up 37% from 2Q 2023). Profit margin: 50% (up from 48% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
お知らせ • Aug 03International Games System Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024International Games System Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$830, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 367% over the past three years.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,490, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Entertainment industry in Asia. Total returns to shareholders of 334% over the past three years.
Declared Dividend • Jul 10Dividend of NT$35.00 announcedShareholders will receive a dividend of NT$35.00. Ex-date: 24th July 2024 Payment date: 28th August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 47% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 25+ 2 more updatesInternational Games System Co.,Ltd. Announces Changes to its BoardInternational Games System Co.,Ltd. announced change of natural-person director, and independent director. Title and name of the previous position holders: Director/Tsan-Hua Wang and Independent director/Michael Chu. Resume of the previous position holders: Tsan-Hua Wang - Director of IGS. Michael Chu - Independent director of IGS. Title and name of the new position holders: Director/Pei-Ju Chen and Independent director/Chien-Jung Wang. Circumstances of change: Term expired. Original term from July 28, 2021 to July 27, 2024. Effective date of the new appointment: June 24, 2024.
Reported Earnings • May 12First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$14.45 (up from NT$10.24 in 1Q 2023). Revenue: NT$4.18b (up 26% from 1Q 2023). Net income: NT$2.04b (up 41% from 1Q 2023). Profit margin: 49% (up from 43% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 02International Games System Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024International Games System Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024
New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).
Reported Earnings • Mar 15Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: NT$45.61 (up from NT$38.88 in FY 2022). Revenue: NT$14.2b (up 19% from FY 2022). Net income: NT$6.43b (up 17% from FY 2022). Profit margin: 45% (in line with FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$1,165. The fair value is estimated to be NT$957, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 10.0% in a year. Earnings are forecast to grow by 12% in the next year.
お知らせ • Mar 08International Games System Co.,Ltd., Annual General Meeting, Jun 24, 2024International Games System Co.,Ltd., Annual General Meeting, Jun 24, 2024. Location: Labor Activity Center Performing Arts Hall (No. 9, Wugong 6th Rd., Wugu Dist New Taipei City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review report of the 2023 financial report; to consider 2023 distributable compensation for employees and directors; to consider Reporting on the distribution of 2023 earnings as cash dividends; and to consider other matters.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,005, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Asia. Total returns to shareholders of 217% over the past three years.
Buying Opportunity • Dec 25Now 20% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be NT$895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 10.0% in a year. Earnings is forecast to grow by 12% in the next year.
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: NT$12.39 (up from NT$10.59 in 3Q 2022). Revenue: NT$3.58b (up 20% from 3Q 2022). Net income: NT$1.75b (up 17% from 3Q 2022). Profit margin: 49% (down from 50% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Entertainment industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year.
Buying Opportunity • Aug 08Now 21% undervaluedOver the last 90 days, the stock is up 5.7%. The fair value is estimated to be NT$752, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%.
Upcoming Dividend • Jul 10Upcoming dividend of NT$35.00 per share at 5.7% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (5.3%).
お知らせ • Jun 29International Games System Co.,Ltd. Approves Cash Dividend, Payable on August 15, 2023International Games System Co.,Ltd. at its shareholders’ meeting held on June 28, 2023 approved dividend of TWD 35 for a total cash amount of TWD 4,931,527,300. Ex-rights (Ex-dividend) date is July 17, 2023. Ex-rights (Ex-dividend) record date is July 23, 2023. Payment date of cash dividend distribution is August 15, 2023.
Price Target Changed • Nov 16Price target decreased to NT$370Down from NT$461, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$377. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of NT$38.24 for next year compared to NT$33.60 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun Cheng Shi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$10.59 (up from NT$8.54 in 3Q 2021). Revenue: NT$2.99b (up 4.6% from 3Q 2021). Net income: NT$1.49b (up 24% from 3Q 2021). Profit margin: 50% (up from 42% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Entertainment industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 20Upcoming dividend of NT$50.00 per shareEligible shareholders must have bought the stock before 27 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (6.3%).
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$18.74 (up from NT$16.73 in 1Q 2021). Revenue: NT$2.92b (up 6.0% from 1Q 2021). Net income: NT$1.32b (up 12% from 1Q 2021). Profit margin: 45% (up from 43% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 40% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun Cheng Shi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 31International Games System Co.,Ltd., Annual General Meeting, Jun 27, 2022International Games System Co.,Ltd., Annual General Meeting, Jun 27, 2022.
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$17.09 (vs NT$13.22 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$2.86b (up 27% from 3Q 2020). Net income: NT$1.20b (up 29% from 3Q 2020). Profit margin: 42% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 16Upcoming dividend of NT$42.00 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 17 September 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (5.3%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$16.62 (vs NT$11.02 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.85b (up 45% from 2Q 2020). Net income: NT$1.17b (up 51% from 2Q 2020). Profit margin: 41% (up from 40% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 12Consensus revenue estimates increase to NT$12.3bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from NT$11.0b to NT$12.3b. EPS estimate increased from NT$66.23 to NT$74.29 per share. Net income forecast to grow 46% next year vs 46% growth forecast for Entertainment industry in Taiwan. Consensus price target broadly unchanged at NT$976. Share price was steady at NT$730 over the past week.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$16.73 (vs NT$11.24 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.75b (up 45% from 1Q 2020). Net income: NT$1.18b (up 49% from 1Q 2020). Profit margin: 43% (up from 42% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$48.38 (vs NT$28.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$8.43b (up 59% from FY 2019). Net income: NT$3.41b (up 73% from FY 2019). Profit margin: 41% (up from 37% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 26New 90-day high: NT$859The company is up 21% from its price of NT$708 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Jan 10New 90-day high: NT$785The company is up 1.0% from its price of NT$778 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$761 per share.
Is New 90 Day High Low • Dec 05New 90-day low: NT$672The company is down 27% from its price of NT$920 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$667 per share.
Is New 90 Day High Low • Nov 11New 90-day low: NT$692The company is down 6.0% from its price of NT$733 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$684 per share.
Analyst Estimate Surprise Post Earnings • Nov 06Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 40%, compared to a 24% growth forecast for the Entertainment industry in Taiwan.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$13.22The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.25b (up 51% from 3Q 2019). Net income: NT$931.0m (up 57% from 3Q 2019). Profit margin: 41% (up from 40% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.