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Market Cap

NT$10.3b

Last Updated

2021/04/14 08:34 UTC

Data Sources

Company Financials +

Executive Summary

PChome Online Inc. provides e-commerce and portal services in China and internationally. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

How has PChome Online's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8044 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 8044's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

8044

3.3%

TW Online Retail

0.7%

TW Market


1 Year Return

0.1%

8044

87.1%

TW Online Retail

63.5%

TW Market

Return vs Industry: 8044 underperformed the TW Online Retail industry which returned 93.6% over the past year.

Return vs Market: 8044 underperformed the TW Market which returned 67.5% over the past year.


Shareholder returns

8044IndustryMarket
7 Day-3.2%3.3%0.7%
30 Day4.6%12.9%4.2%
90 Day-4.5%27.2%7.7%
1 Year0.6%0.1%90.2%87.1%69.1%63.5%
3 Year-38.8%-39.2%144.4%119.8%73.3%53.6%
5 Year-69.3%-70.5%147.2%123.1%133.7%92.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is PChome Online undervalued compared to its fair value and its price relative to the market?

40.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8044 (NT$89.9) is trading above our estimate of fair value (NT$43.54)

Significantly Below Fair Value: 8044 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8044 is poor value based on its PE Ratio (41.7x) compared to the TW Online Retail industry average (39.5x).

PE vs Market: 8044 is poor value based on its PE Ratio (41.7x) compared to the TW market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: 8044 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 8044 is overvalued based on its PB Ratio (3.2x) compared to the TW Online Retail industry average (2.6x).


Future Growth

How is PChome Online forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8044's forecast earnings growth (19.4% per year) is above the savings rate (0.8%).

Earnings vs Market: 8044's earnings (19.4% per year) are forecast to grow faster than the TW market (16% per year).

High Growth Earnings: 8044's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8044's revenue (11.9% per year) is forecast to grow faster than the TW market (10.1% per year).

High Growth Revenue: 8044's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8044's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has PChome Online performed over the past 5 years?

-32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8044 has high quality earnings.

Growing Profit Margin: 8044's current net profit margins (0.6%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: 8044's earnings have declined by 32.3% per year over the past 5 years.

Accelerating Growth: 8044's earnings growth over the past year (55.1%) exceeds its 5-year average (-32.3% per year).

Earnings vs Industry: 8044 earnings growth over the past year (55.1%) exceeded the Online Retail industry 36.7%.


Return on Equity

High ROE: 8044's Return on Equity (5.4%) is considered low.


Financial Health

How is PChome Online's financial position?


Financial Position Analysis

Short Term Liabilities: 8044's short term assets (NT$12.6B) exceed its short term liabilities (NT$8.5B).

Long Term Liabilities: 8044's short term assets (NT$12.6B) exceed its long term liabilities (NT$3.9B).


Debt to Equity History and Analysis

Debt Level: 8044's debt to equity ratio (63.5%) is considered high.

Reducing Debt: Insufficient data to determine if 8044's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8044's debt is well covered by operating cash flow (54.4%).

Interest Coverage: 8044's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


Dividend

What is PChome Online current dividend yield, its reliability and sustainability?

1.85%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8044's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8044's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8044's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8044's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8044 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8044'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?

2.5yrs

Average management tenure


CEO

Kevin Tsai (50 yo)

2.08yrs

Tenure

NT$16,951,000

Compensation

Mr. Kai Wen Tsai, also Known as Kevin, serves as the Chief Executive Officer at PChome Online Inc. since March 2019 and as its General Manager since November 02, 2017. Mr. Tsai serves as a Director of PCho...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Kevin's total compensation is reasonable compared to companies of similar size in the TW market.

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Leadership Team

Experienced Management: 8044's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 8044's board of directors are considered experienced (5.8 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

PChome Online Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PChome Online Inc.
  • Ticker: 8044
  • Exchange: GTSM
  • Founded: 1996
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: NT$10.253b
  • Shares outstanding: 118.26m
  • Website: https://www.pchome.com.tw

Number of Employees


Location

  • PChome Online Inc.
  • No. 105, Tun Hwa South Road
  • 12th Floor
  • Taipei
  • 106
  • Taiwan

Listings


Biography

PChome Online Inc. provides e-commerce and portal services in China and internationally. The company operates PChome 24h Shopping, PChome Shopping, and PChome Global Shopping Websites. It also operates por...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/14 08:34
End of Day Share Price2021/04/13 00:00
Earnings2020/12/31
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.