GTSM:3293

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International Games System

Executive Summary

International Games System Co., LTD plans, designs, researches, develops, manufactures, markets, and services arcade, online, and mobile games in Taiwan and internationally. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has International Games System's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3293 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3293's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.3%

3293

0.005%

TW Entertainment

0.9%

TW Market


1 Year Return

90.8%

3293

5.3%

TW Entertainment

18.7%

TW Market

Return vs Industry: 3293 exceeded the TW Entertainment industry which returned 5.3% over the past year.

Return vs Market: 3293 exceeded the TW Market which returned 18.7% over the past year.


Shareholder returns

3293IndustryMarket
7 Day-0.3%0.005%0.9%
30 Day-6.4%1.1%7.1%
90 Day-20.7%-9.1%8.2%
1 Year96.7%90.8%8.5%5.3%23.0%18.7%
3 Year390.0%330.5%31.7%20.5%44.9%28.8%
5 Year818.4%644.7%73.8%55.8%94.4%60.3%

Long-Term Price Volatility Vs. Market

How volatile is International Games System's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is International Games System undervalued compared to its fair value and its price relative to the market?

16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3293 (NT$706) is trading above our estimate of fair value (NT$680.92)

Significantly Below Fair Value: 3293 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3293 is poor value based on its PE Ratio (16x) compared to the TW Entertainment industry average (14.6x).

PE vs Market: 3293 is good value based on its PE Ratio (16x) compared to the TW market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3293's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3293 is overvalued based on its PB Ratio (8.6x) compared to the TW Entertainment industry average (2.3x).


Next Steps

Future Growth

How is International Games System forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

32.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3293's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if 3293's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3293's revenue (32.3% per year) is forecast to grow faster than the TW market (8.9% per year).

High Growth Revenue: 3293's revenue (32.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3293's Return on Equity is forecast to be very high in 3 years time (53.1%).


Next Steps

Past Performance

How has International Games System performed over the past 5 years?

36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3293 has high quality earnings.

Growing Profit Margin: 3293's current net profit margins (40%) are higher than last year (36.3%).


Past Earnings Growth Analysis

Earnings Trend: 3293's earnings have grown significantly by 36.7% per year over the past 5 years.

Accelerating Growth: 3293's earnings growth over the past year (90.3%) exceeds its 5-year average (36.7% per year).

Earnings vs Industry: 3293 earnings growth over the past year (90.3%) exceeded the Entertainment industry 37.6%.


Return on Equity

High ROE: 3293's Return on Equity (53.8%) is considered outstanding.


Next Steps

Financial Health

How is International Games System's financial position?


Financial Position Analysis

Short Term Liabilities: 3293's short term assets (NT$6.0B) exceed its short term liabilities (NT$1.7B).

Long Term Liabilities: 3293's short term assets (NT$6.0B) exceed its long term liabilities (NT$121.2M).


Debt to Equity History and Analysis

Debt Level: 3293 is debt free.

Reducing Debt: 3293 has not had any debt for past 5 years.

Debt Coverage: 3293 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3293 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is International Games System current dividend yield, its reliability and sustainability?

3.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3293's dividend (3.54%) is higher than the bottom 25% of dividend payers in the TW market (2.14%).

High Dividend: 3293's dividend (3.54%) is low compared to the top 25% of dividend payers in the TW market (5.23%).


Stability and Growth of Payments

Stable Dividend: 3293's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3293's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.6%), 3293's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3293's dividends in 3 years are not forecast to be well covered by earnings (90.8% payout ratio).


Next Steps

Management

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


CEO

International Games System 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

International Games System Co., LTD's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Games System Co., LTD
  • Ticker: 3293
  • Exchange: GTSM
  • Founded: 1989
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: NT$47.695b
  • Shares outstanding: 70.45m
  • Website: https://www.igs.com.tw

Location

  • International Games System Co., LTD
  • No.130, Wugong Road
  • Wugu District
  • New Taipei City
  • 248
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3293GTSM (Taipei Exchange)YesCommon StockTWTWDMar 2004

Biography

International Games System Co., LTD plans, designs, researches, develops, manufactures, markets, and services arcade, online, and mobile games in Taiwan and internationally. The company’s arcade games incl...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 08:31
End of Day Share Price2020/11/26 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.