GTSM:6441

Stock Analysis Report

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Executive Summary

Ibase Gaming Inc. designs, develops, manufactures, and sells gaming systems worldwide. More Details


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Ibase Gaming's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6441 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 6441's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

-2.2%

6441

1.6%

TW Hospitality

-0.1%

TW Market


1 Year Return

80.2%

6441

20.0%

TW Hospitality

41.5%

TW Market

Return vs Industry: 6441 exceeded the TW Hospitality industry which returned 20% over the past year.

Return vs Market: 6441 exceeded the TW Market which returned 41.5% over the past year.


Shareholder returns

6441IndustryMarket
7 Day-2.2%1.6%-0.1%
30 Day-0.7%14.6%5.6%
90 Day-6.3%3.6%15.0%
1 Year80.3%80.2%23.5%20.0%46.5%41.5%
3 Year161.8%132.4%-3.7%-12.6%67.1%48.2%
5 Year424.1%330.3%8.3%-7.2%123.0%83.7%

Long-Term Price Volatility Vs. Market

How volatile is Ibase Gaming's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ibase Gaming undervalued compared to its fair value and its price relative to the market?

4.08x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 6441 (NT$135) is trading above our estimate of fair value (NT$0.6)

Significantly Below Fair Value: 6441 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6441 is unprofitable, so we can't compare its PE Ratio to the TW Hospitality industry average.

PE vs Market: 6441 is unprofitable, so we can't compare its PE Ratio to the TW market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6441's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6441 is overvalued based on its PB Ratio (4.1x) compared to the TW Hospitality industry average (2.4x).


Next Steps

Future Growth

How is Ibase Gaming forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

73.8%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ibase Gaming has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ibase Gaming performed over the past 5 years?

-22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6441 is currently unprofitable.

Growing Profit Margin: 6441 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6441 is unprofitable, and losses have increased over the past 5 years at a rate of 22.1% per year.

Accelerating Growth: Unable to compare 6441's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6441 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-28.3%).


Return on Equity

High ROE: 6441 has a negative Return on Equity (-1.97%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ibase Gaming's financial position?


Financial Position Analysis

Short Term Liabilities: 6441's short term assets (NT$1.0B) exceed its short term liabilities (NT$461.7M).

Long Term Liabilities: 6441's short term assets (NT$1.0B) exceed its long term liabilities (NT$448.8M).


Debt to Equity History and Analysis

Debt Level: 6441's debt to equity ratio (55.8%) is considered high.

Reducing Debt: Insufficient data to determine if 6441's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6441's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 6441's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Ibase Gaming current dividend yield, its reliability and sustainability?

0.071%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6441's dividend (0.071%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.98%).

High Dividend: 6441's dividend (0.071%) is low compared to the top 25% of dividend payers in the TW market (4.97%).


Stability and Growth of Payments

Stable Dividend: 6441 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.

Growing Dividend: 6441 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 6441 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6441's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Ibase Gaming has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.


Top Shareholders

Company Information

Ibase Gaming Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ibase Gaming Inc.
  • Ticker: 6441
  • Exchange: GTSM
  • Founded: 2011
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: NT$4.474b
  • Shares outstanding: 33.14m
  • Website: https://www.ibasegaming.com

Number of Employees


Location

  • Ibase Gaming Inc.
  • No. 93, Building D
  • 24th Floor
  • New Taipei City
  • 221
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6441GTSM (Taipei Exchange)YesCommon StockTWTWDDec 2013

Biography

Ibase Gaming Inc. designs, develops, manufactures, and sells gaming systems worldwide. It offers gaming solutions for lottery terminals, kiosks, and casino slots. The company also provides OEM and turnkey ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 08:45
End of Day Share Price2021/03/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.