View Financial HealthAres International 配当と自社株買い配当金 基準チェック /46Ares International配当を支払う会社であり、現在の利回りは6.53%で、収益によって十分にカバーされています。主要情報6.5%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長12.1%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向86%最近の配当と自社株買いの更新Declared Dividend • Jul 06Dividend reduced to NT$3.06Dividend of NT$3.06 is 6.9% lower than last year. Ex-date: 22nd July 2025 Payment date: 18th August 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.分析記事 • Jul 12Ares International (TWSE:2471) Will Pay A Larger Dividend Than Last Year At NT$3.29Ares International Corp. ( TWSE:2471 ) has announced that it will be increasing its dividend from last year's...Declared Dividend • Jul 11Dividend increased to NT$3.29Dividend of NT$3.29 is 16% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • Jul 10Ares International Corp. Announces Cash Dividend, Payable on August 21, 2024Ares International Corp. announced distribute cash dividend with TWD 3.28715691 per share (rounded up to dollars). Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of common stock cash dividend distribution: August 21, 2024.Upcoming Dividend • Jul 13Upcoming dividend of NT$2.83 per share at 4.9% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).お知らせ • Jul 06Ares International Corp. Announces Cash Dividend, Payable on August 18, 2023Ares International Corp. announced to distribute cash dividend with TWD 2.83464838 per share. Ex-rights (ex-dividend) trading date is July 20, 2023; Ex-rights (ex-dividend) record date is July 28, 2023; Payment date of cash dividend distribution is August 18, 2023.すべての更新を表示Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.49 (vs NT$0.29 in 1Q 2025)First quarter 2026 results: EPS: NT$0.49 (up from NT$0.29 in 1Q 2025). Revenue: NT$232.3m (up 14% from 1Q 2025). Net income: NT$23.4m (up 68% from 1Q 2025). Profit margin: 10% (up from 6.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.お知らせ • Mar 11Ares International Corp., Annual General Meeting, Jun 23, 2026Ares International Corp., Annual General Meeting, Jun 23, 2026. Location: 8 floor no,111, sec.2 chung shan n. rd., taipei city TaiwanReported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.63 (vs NT$3.33 in FY 2024)Full year 2025 results: EPS: NT$3.63 (up from NT$3.33 in FY 2024). Revenue: NT$1.00b (up 14% from FY 2024). Net income: NT$171.8m (up 9.1% from FY 2024). Profit margin: 17% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$1.31 (vs NT$0.69 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.31 (up from NT$0.69 in 3Q 2024). Revenue: NT$245.9m (up 9.3% from 3Q 2024). Net income: NT$61.9m (up 89% from 3Q 2024). Profit margin: 25% (up from 15% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Board Change • Oct 07Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jiun-Ming Chen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$0.91 in 2Q 2024). Revenue: NT$235.0m (up 15% from 2Q 2024). Net income: NT$4.76m (down 89% from 2Q 2024). Profit margin: 2.0% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Declared Dividend • Jul 06Dividend reduced to NT$3.06Dividend of NT$3.06 is 6.9% lower than last year. Ex-date: 22nd July 2025 Payment date: 18th August 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.20 in 1Q 2024)First quarter 2025 results: EPS: NT$0.29 (up from NT$0.20 in 1Q 2024). Revenue: NT$203.5m (up 23% from 1Q 2024). Net income: NT$13.9m (up 43% from 1Q 2024). Profit margin: 6.8% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 30Ares International Corp. to Report Q1, 2025 Results on May 09, 2025Ares International Corp. announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$48.35, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 105% over the past three years.Reported Earnings • Mar 16Full year 2024 earnings released: EPS: NT$3.33 (vs NT$3.66 in FY 2023)Full year 2024 results: EPS: NT$3.33 (down from NT$3.66 in FY 2023). Revenue: NT$877.7m (up 4.3% from FY 2023). Net income: NT$157.4m (down 9.0% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 13Ares International Corp., Annual General Meeting, Jun 19, 2025Ares International Corp., Annual General Meeting, Jun 19, 2025. Location: 8 floor no,111, sec.2 chung shan n. rd., taipei city Taiwanお知らせ • Mar 05Ares International Corp. to Report Q4, 2024 Results on Mar 12, 2025Ares International Corp. announced that they will report Q4, 2024 results on Mar 12, 2025New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 190% Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$3.00b market cap, or US$91.4m).Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$58.90, the stock trades at a trailing P/E ratio of 22.1x. Average forward P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 177% over the past three years.New Risk • Dec 16New 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 6.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 190% Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$2.51b market cap, or US$77.4m).分析記事 • Dec 08Ares International Corp. (TWSE:2471) Investors Are Less Pessimistic Than ExpectedWith a median price-to-earnings (or "P/E") ratio of close to 21x in Taiwan, you could be forgiven for feeling...Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$57.40, the stock trades at a trailing P/E ratio of 21.5x. Average forward P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 172% over the past three years.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.69 (down from NT$0.87 in 3Q 2023). Revenue: NT$225.1m (up 23% from 3Q 2023). Net income: NT$32.8m (down 20% from 3Q 2023). Profit margin: 15% (down from 22% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.91 (vs NT$1.75 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.91 (down from NT$1.75 in 2Q 2023). Revenue: NT$204.1m (up 4.6% from 2Q 2023). Net income: NT$42.9m (down 48% from 2Q 2023). Profit margin: 21% (down from 42% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 03Ares International Corp. to Report Q2, 2024 Results on Aug 09, 2024Ares International Corp. announced that they will report Q2, 2024 results on Aug 09, 2024Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$51.30, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 152% over the past three years.分析記事 • Jul 12Ares International (TWSE:2471) Will Pay A Larger Dividend Than Last Year At NT$3.29Ares International Corp. ( TWSE:2471 ) has announced that it will be increasing its dividend from last year's...Declared Dividend • Jul 11Dividend increased to NT$3.29Dividend of NT$3.29 is 16% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • Jul 10Ares International Corp. Announces Cash Dividend, Payable on August 21, 2024Ares International Corp. announced distribute cash dividend with TWD 3.28715691 per share (rounded up to dollars). Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of common stock cash dividend distribution: August 21, 2024.分析記事 • May 22Ares International (TWSE:2471) Shareholders Should Be Cautious Despite Solid EarningsSolid profit numbers didn't seem to be enough to please Ares International Corp.'s ( TWSE:2471 ) shareholders. We think...New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 107% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (107% accrual ratio). Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Market cap is less than US$100m (NT$2.65b market cap, or US$82.3m).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.18 in 1Q 2023)First quarter 2024 results: EPS: NT$0.21 (up from NT$0.18 in 1Q 2023). Revenue: NT$165.3m (down 17% from 1Q 2023). Net income: NT$9.70m (up 12% from 1Q 2023). Profit margin: 5.9% (up from 4.3% in 1Q 2023). 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 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 05Ares International Corp. to Report Q1, 2024 Results on May 14, 2024Ares International Corp. announced that they will report Q1, 2024 results on May 14, 2024お知らせ • Apr 02Ares International Corp., Annual General Meeting, Jun 19, 2024Ares International Corp., Annual General Meeting, Jun 19, 2024.Buy Or Sell Opportunity • Mar 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to NT$61.40. The fair value is estimated to be NT$50.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 22%.Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$3.66 (vs NT$3.04 in FY 2022)Full year 2023 results: EPS: NT$3.66 (up from NT$3.04 in FY 2022). Revenue: NT$841.8m (up 4.9% from FY 2022). Net income: NT$173.0m (up 21% from FY 2022). Profit margin: 21% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year.Buy Or Sell Opportunity • Mar 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.1% to NT$55.90. The fair value is estimated to be NT$46.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 23%.New Risk • Aug 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.37b market cap, or US$74.3m).Upcoming Dividend • Jul 13Upcoming dividend of NT$2.83 per share at 4.9% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).お知らせ • Jul 06Ares International Corp. Announces Cash Dividend, Payable on August 18, 2023Ares International Corp. announced to distribute cash dividend with TWD 2.83464838 per share. Ex-rights (ex-dividend) trading date is July 20, 2023; Ex-rights (ex-dividend) record date is July 28, 2023; Payment date of cash dividend distribution is August 18, 2023.お知らせ • Jun 23Ares International Corp. Approves Election of Chen,Jiun-Ming as Independent DirectorAres International Corp. approved election of CHEN,JIUN-MING as independent director, Resume of the new position holder: WiSECURE Technologies Corporation. Chairman. Reason for the change: New election. Effective date of the new appointment June 21, 2023.お知らせ • Jun 22Ares International Corp. Approves Election of Chen,Jiun-Ming as Audit Committee MemberAres International Corp. approved election of CHEN,JIUN-MING as audit committee member. Resume of the new position holder: WiSECURE Technologies Corporation. Chairman. Reason for the change: New election, Effective date of the new member of June 21, 2023.Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.60, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 233% over the past three years.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$59.00, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 230% over the past three years.Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$3.04 (vs NT$2.42 in FY 2021)Full year 2022 results: EPS: NT$3.04 (up from NT$2.42 in FY 2021). Revenue: NT$802.5m (flat on FY 2021). Net income: NT$143.4m (up 25% from FY 2021). Profit margin: 18% (up from 14% in FY 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 256% over the past three years.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$46.60, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 205% over the past three years.Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$36.15, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 16x in the IT industry in Taiwan. Total returns to shareholders of 137% over the past three years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Jin-Tang You was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.02 (vs NT$1.28 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.02 (down from NT$1.28 in 3Q 2021). Revenue: NT$197.3m (down 9.8% from 3Q 2021). Net income: NT$48.4m (down 20% from 3Q 2021). Profit margin: 25% (down from 28% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.72 (vs NT$0.35 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.72 (up from NT$0.35 loss in 2Q 2021). Revenue: NT$189.3m (up 36% from 2Q 2021). Net income: NT$34.3m (up NT$51.0m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 14Upcoming dividend of NT$2.24 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 12 August 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).お知らせ • Jun 25Ares International Corp. Selects New Members for the Compensation CommitteeAres International Corp. Selected New Members for the Compensation Committee. Name of the previous position holder: HUANG,MING-DA, YOU,JIN-TANG, ZHUANG,SI-WEI. Resume of the previous position holder: HUANG,MING-DA¡GARES INTERNATIONAL CORP. Independent director, YOU,JIN-TANG¡GARES INTERNATIONAL CORP. Independent director, ZHUANG,SI-WEI¡GDIMERCO DATA SYSTEM CORPORATION Chairman. Name of the new position holder: HUANG,MING-DA, YOU,JIN-TANG, CHANG, HWA-YU. Resume of the new position holder: HUANG,MING-DA¡GARES INTERNATIONAL CORP. Independent director, YOU,JIN-TANG¡GARES INTERNATIONAL CORP. Independent director, CHANG, HWA-YU¡GKang-Yeh CPA Firm. Effective date of the new member is June 23, 2022.Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.29 in 1Q 2021)First quarter 2022 results: EPS: NT$0.44 (up from NT$0.29 in 1Q 2021). Revenue: NT$186.8m (up 8.4% from 1Q 2021). Net income: NT$20.8m (up 53% from 1Q 2021). Profit margin: 11% (up from 7.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jin-Tang You 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 • Apr 07Ares International Corp., Annual General Meeting, Jun 23, 2022Ares International Corp., Annual General Meeting, Jun 23, 2022.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$1.28 (vs NT$1.19 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$218.7m (up 8.5% from 3Q 2020). Net income: NT$60.3m (up 7.0% from 3Q 2020). Profit margin: 28% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 16Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 15 September 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.5%).Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2021 results: Revenue: NT$139.0m (flat on 2Q 2020). Net loss: NT$16.8m (down NT$19.2m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the IT industry in Taiwan. Total returns to shareholders of 97% over the past three years.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.11 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$172.3m (down 8.2% from 1Q 2020). Net income: NT$13.7m (up 157% from 1Q 2020). Profit margin: 7.9% (up from 2.8% in 1Q 2020). 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 22% per year.分析記事 • Apr 23The Return Trends At Ares International (TPE:2471) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$2.07 (vs NT$1.70 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$773.7m (up 7.1% from FY 2019). Net income: NT$97.8m (up 22% from FY 2019). Profit margin: 13% (up from 11% 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 23% per year whereas the company’s share price has increased by 25% per year.分析記事 • Mar 11Is Ares International Corp.'s (TPE:2471) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Ares International's (TPE:2471) stock is up by a considerable 21% over the past three months. We wonder if and what...分析記事 • Feb 14A Look At The Intrinsic Value Of Ares International Corp. (TPE:2471)How far off is Ares International Corp. ( TPE:2471 ) from its intrinsic value? Using the most recent financial data...Is New 90 Day High Low • Jan 19New 90-day high: NT$28.85The company is up 38% from its price of NT$20.90 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 4.0% over the same period.分析記事 • Jan 17What Can The Trends At Ares International (TPE:2471) Tell Us About Their Returns?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...分析記事 • Dec 27Ares International Corp. (TPE:2471) Is Yielding 5.1% - But Is It A Buy?Dividend paying stocks like Ares International Corp. ( TPE:2471 ) tend to be popular with investors, and for good...Is New 90 Day High Low • Dec 18New 90-day high: NT$24.70The company is up 18% from its price of NT$20.90 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period.分析記事 • Dec 06Is Ares International Corp.'s (TPE:2471) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Most readers would already be aware that Ares International's (TPE:2471) stock increased significantly by 17% over the...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$201.6m (up 21% from 3Q 2019). Net income: NT$56.3m (up 406% from 3Q 2019). Profit margin: 28% (up from 6.7% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Nov 11New 90-day high: NT$21.70The company is up 3.0% from its price of NT$21.00 on 13 August 2020. The Taiwanese market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is up 2.0% over the same period.決済の安定と成長配当データの取得安定した配当: 2471は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 2471の配当金は増加していますが、同社は9年間しか配当金を支払っていません。配当利回り対市場Ares International 配当利回り対市場2471 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (2471)6.5%市場下位25% (TW)1.4%市場トップ25% (TW)5.0%業界平均 (IT)4.4%アナリスト予想 (2471) (最長3年)n/a注目すべき配当: 2471の配当金 ( 6.53% ) はTW市場の配当金支払者の下位 25% ( 1.38% ) よりも高くなっています。高配当: 2471の配当金 ( 6.53% ) はTW市場 ( 4.97% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 現在の配当性向（ 86.3% ）では、 2471の支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: 2471は合理的な 現金配当性向 ( 53.3% ) を備えているため、配当金の支払いはキャッシュフローによって賄われます。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/05/27 12:12終値2026/05/27 00:00収益2026/03/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Ares International Corp. 0 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。1 アナリスト機関Zhizhong ChenCapital Securities Corporation
Declared Dividend • Jul 06Dividend reduced to NT$3.06Dividend of NT$3.06 is 6.9% lower than last year. Ex-date: 22nd July 2025 Payment date: 18th August 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
分析記事 • Jul 12Ares International (TWSE:2471) Will Pay A Larger Dividend Than Last Year At NT$3.29Ares International Corp. ( TWSE:2471 ) has announced that it will be increasing its dividend from last year's...
Declared Dividend • Jul 11Dividend increased to NT$3.29Dividend of NT$3.29 is 16% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • Jul 10Ares International Corp. Announces Cash Dividend, Payable on August 21, 2024Ares International Corp. announced distribute cash dividend with TWD 3.28715691 per share (rounded up to dollars). Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of common stock cash dividend distribution: August 21, 2024.
Upcoming Dividend • Jul 13Upcoming dividend of NT$2.83 per share at 4.9% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
お知らせ • Jul 06Ares International Corp. Announces Cash Dividend, Payable on August 18, 2023Ares International Corp. announced to distribute cash dividend with TWD 2.83464838 per share. Ex-rights (ex-dividend) trading date is July 20, 2023; Ex-rights (ex-dividend) record date is July 28, 2023; Payment date of cash dividend distribution is August 18, 2023.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.49 (vs NT$0.29 in 1Q 2025)First quarter 2026 results: EPS: NT$0.49 (up from NT$0.29 in 1Q 2025). Revenue: NT$232.3m (up 14% from 1Q 2025). Net income: NT$23.4m (up 68% from 1Q 2025). Profit margin: 10% (up from 6.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.
お知らせ • Mar 11Ares International Corp., Annual General Meeting, Jun 23, 2026Ares International Corp., Annual General Meeting, Jun 23, 2026. Location: 8 floor no,111, sec.2 chung shan n. rd., taipei city Taiwan
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.63 (vs NT$3.33 in FY 2024)Full year 2025 results: EPS: NT$3.63 (up from NT$3.33 in FY 2024). Revenue: NT$1.00b (up 14% from FY 2024). Net income: NT$171.8m (up 9.1% from FY 2024). Profit margin: 17% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$1.31 (vs NT$0.69 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.31 (up from NT$0.69 in 3Q 2024). Revenue: NT$245.9m (up 9.3% from 3Q 2024). Net income: NT$61.9m (up 89% from 3Q 2024). Profit margin: 25% (up from 15% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Board Change • Oct 07Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jiun-Ming Chen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.10 (vs NT$0.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.10 (down from NT$0.91 in 2Q 2024). Revenue: NT$235.0m (up 15% from 2Q 2024). Net income: NT$4.76m (down 89% from 2Q 2024). Profit margin: 2.0% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 06Dividend reduced to NT$3.06Dividend of NT$3.06 is 6.9% lower than last year. Ex-date: 22nd July 2025 Payment date: 18th August 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.20 in 1Q 2024)First quarter 2025 results: EPS: NT$0.29 (up from NT$0.20 in 1Q 2024). Revenue: NT$203.5m (up 23% from 1Q 2024). Net income: NT$13.9m (up 43% from 1Q 2024). Profit margin: 6.8% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 30Ares International Corp. to Report Q1, 2025 Results on May 09, 2025Ares International Corp. announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$48.35, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 105% over the past three years.
Reported Earnings • Mar 16Full year 2024 earnings released: EPS: NT$3.33 (vs NT$3.66 in FY 2023)Full year 2024 results: EPS: NT$3.33 (down from NT$3.66 in FY 2023). Revenue: NT$877.7m (up 4.3% from FY 2023). Net income: NT$157.4m (down 9.0% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 13Ares International Corp., Annual General Meeting, Jun 19, 2025Ares International Corp., Annual General Meeting, Jun 19, 2025. Location: 8 floor no,111, sec.2 chung shan n. rd., taipei city Taiwan
お知らせ • Mar 05Ares International Corp. to Report Q4, 2024 Results on Mar 12, 2025Ares International Corp. announced that they will report Q4, 2024 results on Mar 12, 2025
New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 190% Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$3.00b market cap, or US$91.4m).
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$58.90, the stock trades at a trailing P/E ratio of 22.1x. Average forward P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 177% over the past three years.
New Risk • Dec 16New 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 6.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 190% Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (NT$2.51b market cap, or US$77.4m).
分析記事 • Dec 08Ares International Corp. (TWSE:2471) Investors Are Less Pessimistic Than ExpectedWith a median price-to-earnings (or "P/E") ratio of close to 21x in Taiwan, you could be forgiven for feeling...
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$57.40, the stock trades at a trailing P/E ratio of 21.5x. Average forward P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 172% over the past three years.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.69 (down from NT$0.87 in 3Q 2023). Revenue: NT$225.1m (up 23% from 3Q 2023). Net income: NT$32.8m (down 20% from 3Q 2023). Profit margin: 15% (down from 22% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.91 (vs NT$1.75 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.91 (down from NT$1.75 in 2Q 2023). Revenue: NT$204.1m (up 4.6% from 2Q 2023). Net income: NT$42.9m (down 48% from 2Q 2023). Profit margin: 21% (down from 42% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 03Ares International Corp. to Report Q2, 2024 Results on Aug 09, 2024Ares International Corp. announced that they will report Q2, 2024 results on Aug 09, 2024
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$51.30, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 152% over the past three years.
分析記事 • Jul 12Ares International (TWSE:2471) Will Pay A Larger Dividend Than Last Year At NT$3.29Ares International Corp. ( TWSE:2471 ) has announced that it will be increasing its dividend from last year's...
Declared Dividend • Jul 11Dividend increased to NT$3.29Dividend of NT$3.29 is 16% higher than last year. Ex-date: 25th July 2024 Payment date: 21st August 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • Jul 10Ares International Corp. Announces Cash Dividend, Payable on August 21, 2024Ares International Corp. announced distribute cash dividend with TWD 3.28715691 per share (rounded up to dollars). Ex-rights (ex-dividend) trading date: July 25, 2024. Ex-rights (ex-dividend) record date: July 31, 2024. Payment date of common stock cash dividend distribution: August 21, 2024.
分析記事 • May 22Ares International (TWSE:2471) Shareholders Should Be Cautious Despite Solid EarningsSolid profit numbers didn't seem to be enough to please Ares International Corp.'s ( TWSE:2471 ) shareholders. We think...
New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 107% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (107% accrual ratio). Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Market cap is less than US$100m (NT$2.65b market cap, or US$82.3m).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.18 in 1Q 2023)First quarter 2024 results: EPS: NT$0.21 (up from NT$0.18 in 1Q 2023). Revenue: NT$165.3m (down 17% from 1Q 2023). Net income: NT$9.70m (up 12% from 1Q 2023). Profit margin: 5.9% (up from 4.3% in 1Q 2023). 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 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 05Ares International Corp. to Report Q1, 2024 Results on May 14, 2024Ares International Corp. announced that they will report Q1, 2024 results on May 14, 2024
お知らせ • Apr 02Ares International Corp., Annual General Meeting, Jun 19, 2024Ares International Corp., Annual General Meeting, Jun 19, 2024.
Buy Or Sell Opportunity • Mar 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to NT$61.40. The fair value is estimated to be NT$50.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 22%.
Reported Earnings • Mar 16Full year 2023 earnings released: EPS: NT$3.66 (vs NT$3.04 in FY 2022)Full year 2023 results: EPS: NT$3.66 (up from NT$3.04 in FY 2022). Revenue: NT$841.8m (up 4.9% from FY 2022). Net income: NT$173.0m (up 21% from FY 2022). Profit margin: 21% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year.
Buy Or Sell Opportunity • Mar 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.1% to NT$55.90. The fair value is estimated to be NT$46.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 23%.
New Risk • Aug 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.37b market cap, or US$74.3m).
Upcoming Dividend • Jul 13Upcoming dividend of NT$2.83 per share at 4.9% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
お知らせ • Jul 06Ares International Corp. Announces Cash Dividend, Payable on August 18, 2023Ares International Corp. announced to distribute cash dividend with TWD 2.83464838 per share. Ex-rights (ex-dividend) trading date is July 20, 2023; Ex-rights (ex-dividend) record date is July 28, 2023; Payment date of cash dividend distribution is August 18, 2023.
お知らせ • Jun 23Ares International Corp. Approves Election of Chen,Jiun-Ming as Independent DirectorAres International Corp. approved election of CHEN,JIUN-MING as independent director, Resume of the new position holder: WiSECURE Technologies Corporation. Chairman. Reason for the change: New election. Effective date of the new appointment June 21, 2023.
お知らせ • Jun 22Ares International Corp. Approves Election of Chen,Jiun-Ming as Audit Committee MemberAres International Corp. approved election of CHEN,JIUN-MING as audit committee member. Resume of the new position holder: WiSECURE Technologies Corporation. Chairman. Reason for the change: New election, Effective date of the new member of June 21, 2023.
Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.60, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 233% over the past three years.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$59.00, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 230% over the past three years.
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$3.04 (vs NT$2.42 in FY 2021)Full year 2022 results: EPS: NT$3.04 (up from NT$2.42 in FY 2021). Revenue: NT$802.5m (flat on FY 2021). Net income: NT$143.4m (up 25% from FY 2021). Profit margin: 18% (up from 14% in FY 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 256% over the past three years.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$46.60, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 205% over the past three years.
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$36.15, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 16x in the IT industry in Taiwan. Total returns to shareholders of 137% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Jin-Tang You was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.02 (vs NT$1.28 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.02 (down from NT$1.28 in 3Q 2021). Revenue: NT$197.3m (down 9.8% from 3Q 2021). Net income: NT$48.4m (down 20% from 3Q 2021). Profit margin: 25% (down from 28% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.72 (vs NT$0.35 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.72 (up from NT$0.35 loss in 2Q 2021). Revenue: NT$189.3m (up 36% from 2Q 2021). Net income: NT$34.3m (up NT$51.0m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 14Upcoming dividend of NT$2.24 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 12 August 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 8.1%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).
お知らせ • Jun 25Ares International Corp. Selects New Members for the Compensation CommitteeAres International Corp. Selected New Members for the Compensation Committee. Name of the previous position holder: HUANG,MING-DA, YOU,JIN-TANG, ZHUANG,SI-WEI. Resume of the previous position holder: HUANG,MING-DA¡GARES INTERNATIONAL CORP. Independent director, YOU,JIN-TANG¡GARES INTERNATIONAL CORP. Independent director, ZHUANG,SI-WEI¡GDIMERCO DATA SYSTEM CORPORATION Chairman. Name of the new position holder: HUANG,MING-DA, YOU,JIN-TANG, CHANG, HWA-YU. Resume of the new position holder: HUANG,MING-DA¡GARES INTERNATIONAL CORP. Independent director, YOU,JIN-TANG¡GARES INTERNATIONAL CORP. Independent director, CHANG, HWA-YU¡GKang-Yeh CPA Firm. Effective date of the new member is June 23, 2022.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.29 in 1Q 2021)First quarter 2022 results: EPS: NT$0.44 (up from NT$0.29 in 1Q 2021). Revenue: NT$186.8m (up 8.4% from 1Q 2021). Net income: NT$20.8m (up 53% from 1Q 2021). Profit margin: 11% (up from 7.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jin-Tang You 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 • Apr 07Ares International Corp., Annual General Meeting, Jun 23, 2022Ares International Corp., Annual General Meeting, Jun 23, 2022.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$1.28 (vs NT$1.19 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$218.7m (up 8.5% from 3Q 2020). Net income: NT$60.3m (up 7.0% from 3Q 2020). Profit margin: 28% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 16Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 23 August 2021. Payment date: 15 September 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.5%).
Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2021 results: Revenue: NT$139.0m (flat on 2Q 2020). Net loss: NT$16.8m (down NT$19.2m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the IT industry in Taiwan. Total returns to shareholders of 97% over the past three years.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.11 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$172.3m (down 8.2% from 1Q 2020). Net income: NT$13.7m (up 157% from 1Q 2020). Profit margin: 7.9% (up from 2.8% in 1Q 2020). 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 22% per year.
分析記事 • Apr 23The Return Trends At Ares International (TPE:2471) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$2.07 (vs NT$1.70 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$773.7m (up 7.1% from FY 2019). Net income: NT$97.8m (up 22% from FY 2019). Profit margin: 13% (up from 11% 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 23% per year whereas the company’s share price has increased by 25% per year.
分析記事 • Mar 11Is Ares International Corp.'s (TPE:2471) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Ares International's (TPE:2471) stock is up by a considerable 21% over the past three months. We wonder if and what...
分析記事 • Feb 14A Look At The Intrinsic Value Of Ares International Corp. (TPE:2471)How far off is Ares International Corp. ( TPE:2471 ) from its intrinsic value? Using the most recent financial data...
Is New 90 Day High Low • Jan 19New 90-day high: NT$28.85The company is up 38% from its price of NT$20.90 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 4.0% over the same period.
分析記事 • Jan 17What Can The Trends At Ares International (TPE:2471) Tell Us About Their Returns?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
分析記事 • Dec 27Ares International Corp. (TPE:2471) Is Yielding 5.1% - But Is It A Buy?Dividend paying stocks like Ares International Corp. ( TPE:2471 ) tend to be popular with investors, and for good...
Is New 90 Day High Low • Dec 18New 90-day high: NT$24.70The company is up 18% from its price of NT$20.90 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period.
分析記事 • Dec 06Is Ares International Corp.'s (TPE:2471) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Most readers would already be aware that Ares International's (TPE:2471) stock increased significantly by 17% over the...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$201.6m (up 21% from 3Q 2019). Net income: NT$56.3m (up 406% from 3Q 2019). Profit margin: 28% (up from 6.7% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Nov 11New 90-day high: NT$21.70The company is up 3.0% from its price of NT$21.00 on 13 August 2020. The Taiwanese market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is up 2.0% over the same period.