GTSM:9960

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Dacome International

Executive Summary

Dacome International Ltd. distributes golf brands through its retail chain in Taiwan, the United States, and Japan. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 9960 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 9960's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.5%

9960

-2.1%

TW Retail Distributors

-2.9%

TW Market


1 Year Return

7.1%

9960

14.1%

TW Retail Distributors

40.3%

TW Market

Return vs Industry: 9960 underperformed the TW Retail Distributors industry which returned 14.1% over the past year.

Return vs Market: 9960 underperformed the TW Market which returned 40.3% over the past year.


Shareholder returns

9960IndustryMarket
7 Day-2.5%-2.1%-2.9%
30 Day2.5%3.9%5.8%
90 Day10.4%-2.1%13.4%
1 Year10.3%7.1%19.3%14.1%45.2%40.3%
3 Year0.9%-3.4%18.1%4.8%64.1%45.6%
5 Year73.4%60.1%62.1%30.8%119.1%80.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Dacome 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: 9960 (NT$30.9) is trading below our estimate of fair value (NT$83.1)

Significantly Below Fair Value: 9960 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9960 is poor value based on its PE Ratio (26.2x) compared to the TW Retail Distributors industry average (17.5x).

PE vs Market: 9960 is poor value based on its PE Ratio (26.2x) compared to the TW market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9960's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9960 is overvalued based on its PB Ratio (2.2x) compared to the TW Retail Distributors industry average (1.4x).


Next Steps

Future Growth

How is Dacome International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dacome International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dacome International performed over the past 5 years?

34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9960 has high quality earnings.

Growing Profit Margin: 9960's current net profit margins (8.5%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: 9960's earnings have grown significantly by 34% per year over the past 5 years.

Accelerating Growth: 9960's earnings growth over the past year (22.3%) is below its 5-year average (34% per year).

Earnings vs Industry: 9960 earnings growth over the past year (22.3%) exceeded the Retail Distributors industry -23.2%.


Return on Equity

High ROE: 9960's Return on Equity (8.5%) is considered low.


Next Steps

Financial Health

How is Dacome International's financial position?


Financial Position Analysis

Short Term Liabilities: 9960's short term assets (NT$655.3M) exceed its short term liabilities (NT$229.0M).

Long Term Liabilities: 9960's short term assets (NT$655.3M) exceed its long term liabilities (NT$94.5M).


Debt to Equity History and Analysis

Debt Level: 9960's debt to equity ratio (31.1%) is considered satisfactory.

Reducing Debt: 9960's debt to equity ratio has reduced from 33.9% to 31.1% over the past 5 years.

Debt Coverage: 9960's debt is well covered by operating cash flow (54.7%).

Interest Coverage: 9960 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

2.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 9960's dividend (2.59%) is higher than the bottom 25% of dividend payers in the TW market (1.98%).

High Dividend: 9960's dividend (2.59%) is low compared to the top 25% of dividend payers in the TW market (4.99%).


Stability and Growth of Payments

Stable Dividend: 9960 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 9960 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.9%), 9960's dividend 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?


CEO

Dacome International 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

Dacome International Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dacome International Ltd.
  • Ticker: 9960
  • Exchange: GTSM
  • Founded: 2000
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: NT$1.018b
  • Shares outstanding: 33.59m
  • Website: https://www.golfshop.com.tw

Number of Employees


Location

  • Dacome International Ltd.
  • No. 29, Haibin Road
  • 2nd Floor
  • Kaohsiung
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9960GTSM (Taipei Exchange)YesCommon StockTWTWDDec 2004

Biography

Dacome International Ltd. distributes golf brands through its retail chain in Taiwan, the United States, and Japan. The company offers balls, golf products, footwear, bags, apparel, caps, belts, gloves, ac...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 08:43
End of Day Share Price2021/03/02 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.