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3293

International Games SystemLtdTPEX:3293 Stock Report

Market Cap

NT$49.7b

7D

-0.6%

1Y

-7.8%

Updated

19 Oct, 2021

Data

Company Financials +
3293 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance6/6
Financial Health6/6
Dividends5/6

3293 Overview

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

International Games SystemLtd Competitors

Soft-World International

TPEX:5478

NT$10.9b

Gamania Digital Entertainment

TPEX:6180

NT$9.8b

USERJOY TechnologyLtd

TPEX:3546

NT$3.7b

Konami Holdings

TSE:9766

JP¥887.2b

Price History & Performance

Summary of all time highs, changes and price drops for International Games SystemLtd
Historical stock prices
Current Share PriceNT$705.00
52 Week HighNT$621.00
52 Week LowNT$954.00
Beta0.17
1 Month Change6.18%
3 Month Change-13.50%
1 Year Change-7.84%
3 Year Change418.38%
5 Year Change270.08%
Change since IPO1,745.94%

Recent News & Updates

Apr 14
A Look At The Fair Value Of International Games System Co.,Ltd. (GTSM:3293)

A Look At The Fair Value Of International Games System Co.,Ltd. (GTSM:3293)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of International Games...

Shareholder Returns

3293TW EntertainmentTW Market
7D-0.6%0.02%2.6%
1Y-7.8%-5.7%31.0%

Return vs Industry: 3293 underperformed the TW Entertainment industry which returned -6% over the past year.

Return vs Market: 3293 underperformed the TW Market which returned 29.1% over the past year.

Price Volatility

Is 3293's price volatile compared to industry and market?
3293 volatility
3293 Beta0.17
Industry Beta0.71
Market Beta1

Stable Share Price: 3293 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 3293's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989n/aPaul Chianghttps://www.igs.com.tw

International Games System Co.,Ltd. plans, designs, researches, develops, manufactures, markets, services, and licenses arcade, online, and mobile games in Taiwan and internationally. The company’s arcade games include recreational, puzzle, TSG, and simulation machines.

International Games SystemLtd Fundamentals Summary

How do International Games SystemLtd's earnings and revenue compare to its market cap?
3293 fundamental statistics
Market CapNT$49.67b
Earnings (TTM)NT$4.19b
Revenue (TTM)NT$10.17b

11.9x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3293 income statement (TTM)
RevenueNT$10.17b
Cost of RevenueNT$420.14m
Gross ProfitNT$9.75b
ExpensesNT$5.56b
EarningsNT$4.19b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)59.47
Gross Margin95.87%
Net Profit Margin41.18%
Debt/Equity Ratio0%

How did 3293 perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

71%

Payout Ratio

Valuation

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

48.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3293 (NT$705) is trading below our estimate of fair value (NT$1370.88)

Significantly Below Fair Value: 3293 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3293 is good value based on its PE Ratio (11.9x) compared to the TW Entertainment industry average (12.1x).

PE vs Market: 3293 is good value based on its PE Ratio (11.9x) compared to the TW market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: 3293 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 3293 is overvalued based on its PB Ratio (5.5x) compared to the TW Entertainment industry average (2.7x).


Future Growth

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

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3293's forecast earnings growth (22.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 3293's earnings (22.7% per year) are forecast to grow faster than the TW market (9% per year).

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

Revenue vs Market: 3293's revenue (22.5% per year) is forecast to grow faster than the TW market (9.8% per year).

High Growth Revenue: 3293's revenue (22.5% 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 (63.1%).


Past Performance

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

39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3293 has high quality earnings.

Growing Profit Margin: 3293's current net profit margins (41.2%) are higher than last year (39.5%).


Past Earnings Growth Analysis

Earnings Trend: 3293's earnings have grown significantly by 39% per year over the past 5 years.

Accelerating Growth: 3293's earnings growth over the past year (51.2%) exceeds its 5-year average (39% per year).

Earnings vs Industry: 3293 earnings growth over the past year (51.2%) exceeded the Entertainment industry 22%.


Return on Equity

High ROE: 3293's Return on Equity (46.6%) is considered outstanding.


Financial Health

How is International Games SystemLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 3293's short term assets (NT$10.7B) exceed its short term liabilities (NT$3.1B).

Long Term Liabilities: 3293's short term assets (NT$10.7B) exceed its long term liabilities (NT$126.1M).


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


Dividend

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

5.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3293's dividend (5.96%) is higher than the bottom 25% of dividend payers in the TW market (2.03%).

High Dividend: 3293's dividend (5.96%) is in the top 25% of dividend payers in the TW market (5.31%)


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 (70.6%), 3293's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3293's dividends in 3 years are forecast to be covered by earnings (84.1% payout ratio).


Next Steps

Management

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

10.6yrs

Average management tenure


CEO

Paul Chiang

28.58yrs

Tenure

Mr. Paul Chiang is President at International Games System Co.,Ltd. since March 1993 and has been its Director since June 26, 2018. His work experience includes Engineer, Koninklijke Philips N.V.His other...


Leadership Team

Experienced Management: 3293's management team is seasoned and experienced (10.6 years average tenure).


Board Members

Experienced Board: 3293's board of directors are considered experienced (3.3 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: International Games System Co.,Ltd.
  • Ticker: 3293
  • Exchange: TPEX
  • Founded: 1989
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: NT$49.668b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:43
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.