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8044

PChome OnlineTPEX:8044 Stock Report

Market Cap

NT$17.3b

7D

-3.2%

1Y

54.0%

Updated

29 Nov, 2021

Data

Company Financials +
8044 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance3/6
Financial Health5/6
Dividends0/6

8044 Stock Overview

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

PChome Online Competitors

momo.com

TWSE:8454

NT$302.2b

GOMAJI

TPEX:8472

NT$915.2m

Z Holdings

TSE:4689

JP¥5.8t

Hey-Song

TWSE:1234

NT$14.0b

Price History & Performance

Summary of all time highs, changes and price drops for PChome Online
Historical stock prices
Current Share PriceNT$135.50
52 Week HighNT$157.50
52 Week LowNT$77.30
Beta0.53
1 Month Change-6.55%
3 Month Change25.46%
1 Year Change53.98%
3 Year Change-9.67%
5 Year Change-47.58%
Change since IPO702.93%

Recent News & Updates

Shareholder Returns

8044TW Online RetailTW Market
7D-3.2%-4.0%-2.4%
1Y54.0%185.9%25.8%

Return vs Industry: 8044 underperformed the TW Online Retail industry which returned 185.9% over the past year.

Return vs Market: 8044 exceeded the TW Market which returned 25.8% over the past year.

Price Volatility

Is 8044's price volatile compared to industry and market?
8044 volatility
8044 Average Weekly Movement8.5%
Online Retail Industry Average Movement6.3%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.0%

Stable Share Price: 8044 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 8044's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1996n/aKevin Tsaihttps://www.pchome.com.tw

PChome Online Inc. provides e-commerce and portal services in China and internationally. It operates through E-Commerce-Sales, Market Place, and Other segments. The company operates PChome 24h Shopping, PChome Shopping, and PChome Global Shopping Websites.

PChome Online Fundamentals Summary

How do PChome Online's earnings and revenue compare to its market cap?
8044 fundamental statistics
Market CapNT$17.29b
Earnings (TTM)NT$304.62m
Revenue (TTM)NT$47.22b

56.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8044 income statement (TTM)
RevenueNT$47.22b
Cost of RevenueNT$41.80b
Gross ProfitNT$5.42b
ExpensesNT$5.11b
EarningsNT$304.62m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.39
Gross Margin11.47%
Net Profit Margin0.64%
Debt/Equity Ratio72.8%

How did 8044 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

50%

Payout Ratio

Valuation

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

56.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8044 (NT$135.5) is trading above our estimate of fair value (NT$62.53)

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 (56.8x) compared to the TW Online Retail industry average (43.4x).

PE vs Market: 8044 is poor value based on its PE Ratio (56.8x) compared to the TW market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: 8044 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 8044 is overvalued based on its PB Ratio (4.8x) compared to the TW Online Retail industry average (2.8x).


Future Growth

How is PChome Online forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

40.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8044's forecast earnings growth (40.8% per year) is above the savings rate (0.8%).

Earnings vs Market: 8044's earnings (40.8% per year) are forecast to grow faster than the TW market (9.4% per year).

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

Revenue vs Market: 8044's revenue (11.7% per year) is forecast to grow faster than the TW market (9.8% per year).

High Growth Revenue: 8044's revenue (11.7% 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 (14.4%).


Past Performance

How has PChome Online performed over the past 5 years?

-5.4%

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 (0.6%).


Past Earnings Growth Analysis

Earnings Trend: 8044's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: 8044's earnings growth over the past year (18.4%) exceeds its 5-year average (-5.4% per year).

Earnings vs Industry: 8044 earnings growth over the past year (18.4%) underperformed the Online Retail industry 18.4%.


Return on Equity

High ROE: 8044's Return on Equity (6.3%) is considered low.


Financial Health

How is PChome Online's financial position?


Financial Position Analysis

Short Term Liabilities: 8044's short term assets (NT$12.9B) exceed its short term liabilities (NT$8.9B).

Long Term Liabilities: 8044's short term assets (NT$12.9B) exceed its long term liabilities (NT$3.9B).


Debt to Equity History and Analysis

Debt Level: 8044 has more cash than its total debt.

Reducing Debt: 8044's debt to equity ratio has increased from 1.6% to 72.8% over the past 5 years.

Debt Coverage: 8044's debt is well covered by operating cash flow (54.1%).

Interest Coverage: 8044's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Dividend

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

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8044's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.86%).

High Dividend: 8044's dividend (0.97%) is low compared to the top 25% of dividend payers in the TW market (5.16%).


Stability and Growth of Payments

Stable Dividend: 8044 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.

Growing Dividend: 8044 is not paying a notable dividend for the TW market, therefore no need to check if payments are 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?

1.2yrs

Average management tenure


CEO

Kevin Tsai (51 yo)

2.67yrs

Tenure

NT$16,951,000

Compensation

Mr. Kai Wen Tsai, also Known as Kevin, serves as Chairman of the Board of Pi Mobile Technology since October 19, 2021. He had been the General Manager of Pi Mobile Technology. He serves as the Chief Execut...


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 not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: 8044's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 7.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: PChome Online Inc.
  • Ticker: 8044
  • Exchange: TPEX
  • Founded: 1996
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: NT$17.295b
  • Shares outstanding: 127.64m
  • Website: https://www.pchome.com.tw

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 15:36
End of Day Share Price2021/11/29 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.