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Acer

WBAG:AC5G
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AC5G
WBAG
NT$65B
Market Cap
  1. Home
  2. AT
  3. Tech
Company description

Acer Incorporated researches, designs, markets, and services personal computers (PCs), information technology (IT) products, and tablet products in the Americas, Mainland China, Taiwan, and internationally. The last earnings update was 32 days ago. More info.


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AC5G Share Price and Events
7 Day Returns
3.8%
WBAG:AC5G
1.7%
Europe Tech
1.2%
AT Market
1 Year Returns
-
WBAG:AC5G
-2.5%
Europe Tech
-3.1%
AT Market
AC5G Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acer (AC5G) 3.8% 7.1% 14% - - -
Europe Tech 1.7% 7.7% 13.5% -2.5% 55.6% 38.3%
AT Market 1.2% 6.8% 9.3% -3.1% 44.7% 32.6%
1 Year Return vs Industry and Market
  • No trading data on AC5G.
  • No trading data on AC5G.
Price Volatility
AC5G
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Acer undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Acer to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Acer.

WBAG:AC5G Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:AC5G
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 20%) (6.11%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.064 * 5.96%)
6.85%

Discounted Cash Flow Calculation for WBAG:AC5G using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Acer is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:AC5G DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 6.85%)
2019 2,334.00 Analyst x1 2,184.34
2020 2,894.67 Analyst x3 2,535.35
2021 3,332.75 Est @ 15.13% 2,731.88
2022 3,690.91 Est @ 10.75% 2,831.47
2023 3,974.22 Est @ 7.68% 2,853.32
2024 4,193.83 Est @ 5.53% 2,817.93
2025 4,362.48 Est @ 4.02% 2,743.29
2026 4,491.95 Est @ 2.97% 2,643.58
2027 4,592.14 Est @ 2.23% 2,529.26
2028 4,670.87 Est @ 1.71% 2,407.66
Present value of next 10 years cash flows NT$26,278.07
WBAG:AC5G DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NT$4,670.87 × (1 + 0.51%) ÷ (6.85% – 0.51%)
NT$74,032.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$74,032.24 ÷ (1 + 6.85%)10
NT$38,160.87
WBAG:AC5G Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$26,278.07 + NT$38,160.87
NT$64,438.94
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$64,438.94 / 3,028.19
NT$21.28
WBAG:AC5G Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:AC5G represents 0.14047x of TSEC:2353
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.14047x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (TWD) x Listing Adjustment Factor
= NT$ 21.28 x 0.14047
€2.99
Value per share (EUR) From above. €2.99
Current discount Discount to share price of €3.02
= -1 x (€3.02 - €2.99) / €2.99
-1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Acer is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Acer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:AC5G PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in TWD NT$1.01
TSEC:2353 Share Price ** TSEC (2019-04-23) in TWD NT$21.5
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acer.

WBAG:AC5G PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:2353 Share Price ÷ EPS (both in TWD)

= 21.5 ÷ 1.01

21.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acer is overvalued based on earnings compared to the Europe Tech industry average.
  • Acer is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Acer's expected growth come at a high price?
Raw Data
WBAG:AC5G PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
10.6%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

WBAG:AC5G PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.26x ÷ 10.6%

2.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acer is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Acer's assets?
Raw Data
WBAG:AC5G PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in TWD NT$19.24
TSEC:2353 Share Price * TSEC (2019-04-23) in TWD NT$21.5
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:AC5G PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:2353 Share Price ÷ Book Value per Share (both in TWD)

= 21.5 ÷ 19.24

1.12x

* Primary Listing of Acer.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acer is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Acer's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Acer has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Acer expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acer expected to grow at an attractive rate?
  • Acer's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Acer's earnings growth is expected to exceed the Austria market average.
  • Acer's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:AC5G Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:AC5G Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 10.6%
WBAG:AC5G Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.7%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:AC5G Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:AC5G Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 245,343 3,929 1
2020-12-31 246,282 3,395 3,949 6
2019-12-31 242,766 3,978 3,657 9
WBAG:AC5G Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2018-12-31 242,270 -2,132 3,060
2018-09-30 245,645 7,921 3,561
2018-06-30 240,897 14,338 4,098
2018-03-31 236,026 6,810 3,461
2017-12-31 237,275 -7,513 2,816
2017-09-30 231,889 -6,049 -3,978
2017-06-30 229,903 -17,462 -5,178
2017-03-31 232,461 -5,921 -4,884
2016-12-31 232,724 8,272 -4,900
2016-09-30 239,453 10,576 1,070
2016-06-30 248,100 11,100 1,012
2016-03-31 252,143 2,656 476

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acer's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Acer's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:AC5G Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Acer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:AC5G Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.30 1.30 1.30 1.00
2020-12-31 1.30 1.52 1.08 6.00
2019-12-31 1.20 1.34 1.04 9.00
WBAG:AC5G Past Financials Data
Date (Data in TWD Millions) EPS *
2018-12-31 1.01
2018-09-30 1.18
2018-06-30 1.35
2018-03-31 1.14
2017-12-31 0.93
2017-09-30 -1.31
2017-06-30 -1.71
2017-03-31 -1.61
2016-12-31 -1.62
2016-09-30 0.35
2016-06-30 0.33
2016-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Acer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Acer's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acer has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Acer performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Acer's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acer has delivered over 20% year on year earnings growth in the past 5 years.
  • Acer's 1-year earnings growth is less than its 5-year average (8.7% vs 61.7%)
  • Acer's earnings growth has not exceeded the Europe Tech industry average in the past year (8.7% vs 12.3%).
Earnings and Revenue History
Acer's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:AC5G Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 242,270.41 3,060.43 19,696.83 2,559.92
2018-09-30 245,644.67 3,560.92 19,915.90 2,559.45
2018-06-30 240,897.09 4,097.99 19,945.06 2,547.61
2018-03-31 236,026.02 3,460.95 19,577.74 2,557.58
2017-12-31 237,274.88 2,815.59 19,402.61 2,497.87
2017-09-30 231,889.36 -3,978.34 19,269.53 2,238.28
2017-06-30 229,903.18 -5,178.32 18,743.33 2,077.38
2017-03-31 232,460.93 -4,883.73 19,324.74 2,053.14
2016-12-31 232,724.16 -4,900.30 20,251.07 2,048.47
2016-09-30 239,453.28 1,070.37 20,854.50 1,942.97
2016-06-30 248,099.74 1,012.50 21,930.06 2,065.92
2016-03-31 252,143.28 476.47 21,717.68 2,032.91
2015-12-31 263,775.20 603.68 22,132.67 2,089.31
2015-09-30 281,329.44 1,020.83 22,512.13 2,332.30
2015-06-30 299,776.77 1,480.64 22,773.15 2,342.42
2015-03-31 320,907.60 1,962.89 24,134.62 2,438.82
2014-12-31 329,684.27 1,790.69 24,042.90 2,524.38
2014-09-30 330,382.91 -6,434.33 25,251.75 2,718.29
2014-06-30 336,842.11 -20,204.67 27,443.75 2,896.32
2014-03-31 344,883.27 -21,032.86 28,519.34 3,017.23
2013-12-31 360,132.04 -20,519.43 29,809.43 3,091.79
2013-09-30 375,036.54 -16,375.03 30,436.73 2,939.11
2013-06-30 387,340.70 -3,131.25 30,058.11 2,889.85
2013-03-31 408,535.71 -2,234.30 30,707.34 2,989.52
2012-12-31 429,627.19 -2,461.10 31,433.59 2,875.81
2012-09-30 455,626.32 1,059.81 35,150.10 2,230.03
2012-06-30 469,005.85 -156.68 38,833.87 1,879.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Acer has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acer used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Acer has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Acer's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Acer has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Acer's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Acer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acer's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 31x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Acer Company Filings, last reported 3 months ago.

WBAG:AC5G Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 58,986.29 3,977.13 27,383.45
2018-09-30 58,623.12 3,599.29 30,779.88
2018-06-30 58,165.79 4,318.14 31,190.40
2018-03-31 58,130.61 5,294.67 29,765.59
2017-12-31 57,975.41 6,485.35 34,488.90
2017-09-30 56,787.88 6,212.54 28,092.84
2017-06-30 55,484.52 7,561.64 21,357.64
2017-03-31 55,003.01 9,977.60 29,362.11
2016-12-31 57,678.48 6,103.00 45,999.42
2016-09-30 62,592.41 6,289.98 37,208.29
2016-06-30 63,900.58 6,020.00 42,532.06
2016-03-31 65,276.65 8,813.62 39,440.09
2015-12-31 65,855.10 10,350.81 45,506.42
2015-09-30 66,146.90 11,836.94 37,139.52
2015-06-30 63,185.48 11,798.05 37,005.84
2015-03-31 63,748.94 16,785.32 46,645.33
2014-12-31 60,629.85 17,032.26 49,604.76
2014-09-30 57,951.79 18,503.62 41,191.02
2014-06-30 57,069.83 18,525.63 40,919.68
2014-03-31 57,650.52 19,192.51 43,052.62
2013-12-31 56,251.37 18,364.50 43,353.09
2013-09-30 62,870.36 17,808.06 34,405.94
2013-06-30 76,731.23 24,042.13 52,608.43
2013-03-31 76,695.61 19,460.32 47,560.61
2012-12-31 74,204.02 18,082.07 50,807.00
2012-09-30 78,491.91 18,294.30 33,675.23
2012-06-30 80,278.37 21,232.52 45,567.53
  • Acer's level of debt (6.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.7% vs 6.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Acer earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Acer's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Acer has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Acer's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.58%
Current annual income from Acer dividends. Estimated to be 3.96% next year.
If you bought €2,000 of Acer shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Acer's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.47%).
  • Acer's dividend is below the markets top 25% of dividend payers in Austria (4.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:AC5G Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:AC5G Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.84 2.00
2020-12-31 0.87 7.00
2019-12-31 0.84 7.00
WBAG:AC5G Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.770 3.755
2019-03-20 0.770 3.781
2018-06-15 0.700 3.207
2017-06-27 0.500 2.556
2016-08-11 0.500 3.476
2016-06-29 0.500 3.277
2013-03-19 0.000 0.000
2012-10-31 0.000 0.000
2012-10-24 0.000 0.000
2012-08-30 0.000 0.000
2012-07-16 0.000 0.000
2012-05-15 0.000 0.000
2012-04-25 0.000 0.000
2011-06-15 3.637 9.717
2010-04-29 3.097 4.179
2010-04-22 3.097 3.438
2010-01-15 3.097 3.345
2009-05-14 1.978 2.709
2009-04-24 3.561 5.864

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Acer's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Acer's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Acer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acer has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Acer's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Chen
AGE 57
TENURE AS CEO 5.3 years
CEO Bio

Mr. Chun Shen Chen, also known as Jason, has been the Chairman and Chief Executive Officer of Acer Incorporated since June 21, 2017 and January 1, 2014 respectively and served as its and Corporate President since January 1, 2014 until July 7, 2017. Mr. Chen served as Interim Head of the Pan Asia Pacific Operations of Acer Inc. from November 11, 2015 to March 24, 2016. He served as an Advisor at Splashtop, Inc. (formerly DeviceVM Inc.). He served as Senior Vice President of Worldwide Sales & Marketing at Taiwan Semiconductor Manufacturing Co. Ltd. from August 10, 2010 to January 1,, 2013 and served as its Vice President of Worldwide Sales and Marketing until August 2010. He served as Vice President of Corporate Development of Chipmaker of Taiwan Semiconductor Manufacturing Co. Ltd. since April 2005 and was responsible for assisting business strategy and strategic planning. He joined Intel in 1991 as Reseller Channel Manager for Taiwan., where he served for 14 years. Two years later, he became Head of Intel's Sales Operations in Mainland China in 1993. He served as Co-Director of Sales & Marketing Group and Vice President of Intel Corporation since April 30, 2003. He served as Director of Distribution Sales for all of Asia Pacific in 1997 and was also named Co-General Manager of AFAC in 1999. He was responsible for all sales, marketing and enabling of Intel products in Intel Corp.'s largest and fastest-growing sales region. Since 2003, he served as Vice President and Co-Director of Intel's Worldwide Sales and Marketing Group. Before joining Intel, he worked for International Business Machines Corporation (IBM) Taiwan as a Marketing Representative from 1988 to 1991. Prior to that, he worked with Copam Electronics in Taiwan. He has been a Director at Acer American Holdings Corp since July 10, 2017. He has been a Director of Acer Inc since June 18, 2014. He serves as a Director of TSMC China Company Limited. He served as a Director of Global UniChip Corp. from 2006 to March 10, 2008. He served as a Director at Vanguard International Semiconductor Corp. He was elected by China Computerworld as one of the top 10 most powerful people in China IT industry in 2001. He earned his MBA degree from the University of Missouri, Columbia, U.S.A. in 1988. He graduated from the National Cheng-Kung University in Taiwan in 1984 with a Bachelor's Degree in Business Administration in Communications and Transportation Management.

CEO Compensation
  • Insufficient data for Jason to compare compensation growth.
  • Insufficient data for Jason to establish whether their remuneration is reasonable compared to companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the Acer management team in years:

3.1
Average Tenure
55
Average Age
  • The tenure for the Acer management team is about average.
Management Team

Jason Chen

TITLE
Chairman & CEO
AGE
57
TENURE
5.3 yrs

George Huang

TITLE
Co-Founder & Director
AGE
69

Meggy Chen

TITLE
Corp. CFO
AGE
55
TENURE
1.8 yrs

Tiffany Huang

TITLE
President of Corporate Marketing
AGE
54
TENURE
0.4 yrs

Jerry Kao

TITLE
Co- COO & President of IT Products Business
AGE
49
TENURE
0.4 yrs

Sophia Chen

TITLE
Accounting Officer
TENURE
1.8 yrs

R. Chang

TITLE
CTO & Head of Design Center
TENURE
16.3 yrs

Harish Kohli

TITLE
Managing Director of Acer India
TENURE
7.3 yrs

Chandrahas Panigrahi

TITLE
Business Head for Consumer Business Group - India
TENURE
3.9 yrs

Andrew Hou

TITLE
Head of Pan APAC Regional Ops & GM - Stationary Computing Business
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Acer board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the Acer board of directors is about average.
Board of Directors

Jason Chen

TITLE
Chairman & CEO
AGE
57
TENURE
1.8 yrs

George Huang

TITLE
Co-Founder & Director
AGE
69
TENURE
4.8 yrs

Stan Shih

TITLE
Director
AGE
74
TENURE
4.8 yrs

Fan Tseng

TITLE
Independent Director
TENURE
7.8 yrs

Ji-Ren Lee

TITLE
Independent Director
AGE
60
TENURE
4.8 yrs

San-Cheng Chang

TITLE
Independent Director
TENURE
1.8 yrs

Ching-Hsiang Hsu

TITLE
Independent Director
TENURE
1.8 yrs

Carolyn Yeh

TITLE
Representative Director
TENURE
4.8 yrs

Philip Peng

TITLE
Representative Director
AGE
65
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Acer's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Acer has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Acer Incorporated researches, designs, markets, and services personal computers (PCs), information technology (IT) products, and tablet products in the Americas, Mainland China, Taiwan, and internationally. The company offers PCs, computing and servers, projectors, LCD monitors, digital signage, and other smart devices under the Acer, Gateway, and Packard Bell brands. It also provides electronic information, insurance captive, cloud technology, professional, professional seminars and courses, system development and integration, property development, software defined storage, online payment, technical, social networking, cyber security, data center, and real estate services; cloud ticketing systems and electronic books; intelligent transportation and electronic ticketing programs and services; and investment funds. In addition, the company repairs and maintains IT products; researches, develops, and designs Internet of Things platform; sells communication products; operates platform for client service and products sale; and development of Internet of Beings and cloud technology; integrates cloud technology, software, and hardware. Further, it researches, develops, and sells batteries and smart bicycle speedometers; sells commercial and cloud application software and services; and designs, develops, and sells computer software and hardware, as well as provides advisory related services. Acer Incorporated was founded in 1976 and is headquartered in New Taipei City, Taiwan.

Details
Name: Acer Incorporated
AC5G
Exchange: WBAG
Founded: 1976
NT$1,881,131,642
3,028,188,000
Website: http://www.acer-group.com
Address: Acer Incorporated
No. 88, Xintai 5th Road,
8th Floor,
New Taipei City,
221,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 2353 Common Stock Taiwan Stock Exchange TW TWD 19. Sep 1996
LSE ACID GDR EACH REPR 5 ORD TWD10 REG S (CIT) London Stock Exchange GB USD 27. Mar 2002
OTCPK ACEY.Y GDR EACH REPR 5 ORD TWD10 REG S (CIT) Pink Sheets LLC US USD 27. Mar 2002
DB AC5G GDR EACH REPR 5 ORD TWD10 REG S (CIT) Deutsche Boerse AG DE EUR 27. Mar 2002
WBAG AC5G GDR EACH REPR 5 ORD TWD10 REG S (CIT) Wiener Boerse AG AT EUR 27. Mar 2002
Number of employees
Current staff
Staff numbers
0
Acer employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:40
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.