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5478

Soft-World InternationalTPEX:5478 Stock Report

Market Cap

NT$11.4b

7D

0.6%

1Y

3.3%

Updated

09 Dec, 2021

Data

Company Financials +
5478 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

5478 Stock Overview

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

Soft-World International Competitors

International Games SystemLtd

TPEX:3293

NT$56.4b

Gamania Digital Entertainment

TPEX:6180

NT$10.8b

Softstar Entertainment

TPEX:6111

NT$4.5b

Chinese Gamer International

TPEX:3083

NT$4.0b

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
Beta0.54
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
7D0.6%1.6%1.4%
1Y3.3%4.5%25.4%

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

FoundedEmployeesCEOWebsite
1983n/aChin-Po Wanghttps://www.soft-world.com

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

13.6x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5478 income statement (TTM)
RevenueNT$6.84b
Cost of RevenueNT$3.44b
Gross ProfitNT$3.41b
ExpensesNT$2.57b
EarningsNT$836.12m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

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

Dividends

6.4%

Current Dividend Yield

87%

Payout Ratio

Valuation

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

>50%

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?

4.2%

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?

20.4%

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


Dividend

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

6.38%

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

Management

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

17.5yrs

Average management tenure


CEO

Chin-Po Wang

38.42yrs

Tenure

NT$4,012,000

Compensation

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).


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

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: https://www.soft-world.com

Location

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

Listings


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
Earnings2021/09/30
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.