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Soft-World InternationalTPEX:5478 Stock Report

Market Cap







09 Dec, 2021


Company Financials +
5478 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health6/6

5478 Stock Overview

Soft-World International Corporation develops, operates, and distributes games in Taiwan, China, and internationally.

Soft-World International Competitors

International Games SystemLtd



Gamania Digital Entertainment



Softstar Entertainment



Chinese Gamer International



Price History & Performance

Summary of all time highs, changes and price drops for Soft-World International
Historical stock prices
Current Share PriceNT$94.00
52 Week HighNT$131.50
52 Week LowNT$85.10
1 Month Change-2.89%
3 Month Change4.91%
1 Year Change3.30%
3 Year Change35.64%
5 Year Change46.88%
Change since IPO73.30%

Recent News & Updates

Shareholder Returns

5478TW EntertainmentTW Market

Return vs Industry: 5478 underperformed the TW Entertainment industry which returned 4.5% over the past year.

Return vs Market: 5478 underperformed the TW Market which returned 25.4% over the past year.

Price Volatility

Is 5478's price volatile compared to industry and market?
5478 volatility
5478 Average Weekly Movement3.0%
Entertainment Industry Average Movement6.2%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.9%

Stable Share Price: 5478 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 5478's weekly volatility (3%) has been stable over the past year.

About the Company

1983n/aChin-Po Wang

Soft-World International Corporation develops, operates, and distributes games in Taiwan, China, and internationally. Its products and services include MyCard prepaid system to purchase in gaming and digital products; online and mobile game development, publishing, and operation; e-PLAY physical store; exhibition design and event planning; cloud computing services; media solution services: digital marketing and advertising; and third-party payment and mobile payment services. The company was founded in 1983 and is headquartered in Kaohsiung, Taiwan.

Soft-World International Fundamentals Summary

How do Soft-World International's earnings and revenue compare to its market cap?
5478 fundamental statistics
Market CapNT$11.41b
Earnings (TTM)NT$836.12m
Revenue (TTM)NT$6.84b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5478 income statement (TTM)
Cost of RevenueNT$3.44b
Gross ProfitNT$3.41b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)6.89
Gross Margin49.78%
Net Profit Margin12.22%
Debt/Equity Ratio0%

How did 5478 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Soft-World International undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 5478 (NT$94) is trading below our estimate of fair value (NT$349.78)

Significantly Below Fair Value: 5478 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 5478's PE Ratio (13.6x) is in line with the TW Entertainment industry average.

PE vs Market: 5478 is good value based on its PE Ratio (13.6x) compared to the TW market (17x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5478's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 5478 is good value based on its PB Ratio (1.8x) compared to the TW Entertainment industry average (3.2x).

Future Growth

How is Soft-World International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?


Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 5478's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 5478'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: 5478's revenue (4.2% per year) is forecast to grow slower than the TW market (9.7% per year).

High Growth Revenue: 5478's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 5478's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Soft-World International performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5478 has high quality earnings.

Growing Profit Margin: 5478's current net profit margins (12.2%) are lower than last year (12.8%).

Past Earnings Growth Analysis

Earnings Trend: 5478's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: 5478's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5478 had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Entertainment industry average (4.9%).

Return on Equity

High ROE: 5478's Return on Equity (12.1%) is considered low.

Financial Health

How is Soft-World International's financial position?

Financial Position Analysis

Short Term Liabilities: 5478's short term assets (NT$12.8B) exceed its short term liabilities (NT$6.7B).

Long Term Liabilities: 5478's short term assets (NT$12.8B) exceed its long term liabilities (NT$278.4M).

Debt to Equity History and Analysis

Debt Level: 5478 is debt free.

Reducing Debt: 5478 had no debt 5 years ago.

Debt Coverage: 5478 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 5478 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet


What is Soft-World International current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5478's dividend (6.38%) is higher than the bottom 25% of dividend payers in the TW market (1.81%).

High Dividend: 5478's dividend (6.38%) is in the top 25% of dividend payers in the TW market (5.08%)

Stability and Growth of Payments

Stable Dividend: 5478's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5478's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.1%), 5478's payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average management tenure


Chin-Po Wang





Mr. Chin-Po Wang serves as President at Soft-World International Corporation since June 14, 2018. He serves as Chairman at Soft-World International Corporation and has been its Director since June 14, 2018...

CEO Compensation Analysis

Compensation vs Market: Chin-Po's total compensation ($USD144.66K) is about average for companies of similar size in the TW market ($USD166.92K).

Compensation vs Earnings: Chin-Po's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 5478's management team is seasoned and experienced (17.5 years average tenure).

Board Members

Experienced Board: 5478's board of directors are considered experienced (3.5 years average tenure).


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

Soft-World International Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Soft-World International Corporation
  • Ticker: 5478
  • Exchange: TPEX
  • Founded: 1983
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: NT$11.406b
  • Shares outstanding: 121.34m
  • Website:


  • Soft-World International Corporation
  • No. 1-16, Kuojian Road
  • 13th Floor
  • Kaohsiung
  • 806
  • Taiwan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/09 08:35
End of Day Share Price2021/12/08 00:00
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.