TSEC:2614

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Eastern Media International

Executive Summary

Eastern Media International Corporation, together with its subsidiaries, provides loading and unloading of grains and silo storage services in Taiwan and China. More Details


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2614 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2614's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

2614

-4.1%

TW Online Retail

-0.1%

TW Market


1 Year Return

42.2%

2614

98.2%

TW Online Retail

41.5%

TW Market

Return vs Industry: 2614 underperformed the TW Online Retail industry which returned 109.1% over the past year.

Return vs Market: 2614 underperformed the TW Market which returned 42.2% over the past year.


Shareholder returns

2614IndustryMarket
7 Day0%-4.1%-0.1%
30 Day6.3%11.9%5.6%
90 Day-0.3%37.2%15.0%
1 Year51.0%42.2%102.1%98.2%46.5%41.5%
3 Year32.3%-2.7%108.3%88.4%67.1%48.2%
5 Year158.1%89.9%117.1%95.7%123.0%83.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Eastern Media 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: 2614 (NT$16.75) is trading below our estimate of fair value (NT$150.32)

Significantly Below Fair Value: 2614 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2614 is good value based on its PE Ratio (12.6x) compared to the TW Online Retail industry average (38.1x).

PE vs Market: 2614 is good value based on its PE Ratio (12.6x) compared to the TW market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2614's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2614 is good value based on its PB Ratio (1.5x) compared to the TW Online Retail industry average (2.6x).


Next Steps

Future Growth

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

37.7%

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 Eastern Media 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 Eastern Media International performed over the past 5 years?

40.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2614 has a large one-off gain of NT$170.9M impacting its September 30 2020 financial results.

Growing Profit Margin: 2614's current net profit margins (16.2%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: 2614 has become profitable over the past 5 years, growing earnings by 40.6% per year.

Accelerating Growth: 2614's earnings growth over the past year (96.3%) exceeds its 5-year average (40.6% per year).

Earnings vs Industry: 2614 earnings growth over the past year (96.3%) exceeded the Online Retail industry 45%.


Return on Equity

High ROE: 2614's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Eastern Media International's financial position?


Financial Position Analysis

Short Term Liabilities: 2614's short term assets (NT$2.9B) exceed its short term liabilities (NT$2.4B).

Long Term Liabilities: 2614's short term assets (NT$2.9B) do not cover its long term liabilities (NT$6.8B).


Debt to Equity History and Analysis

Debt Level: 2614's debt to equity ratio (12.2%) is considered satisfactory.

Reducing Debt: 2614's debt to equity ratio has reduced from 115.7% to 12.2% over the past 5 years.

Debt Coverage: 2614's debt is well covered by operating cash flow (217.7%).

Interest Coverage: 2614's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Next Steps

Dividend

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

5.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2614's dividend (5.97%) is higher than the bottom 25% of dividend payers in the TW market (1.97%).

High Dividend: 2614's dividend (5.97%) is in the top 25% of dividend payers in the TW market (4.97%)


Stability and Growth of Payments

Stable Dividend: 2614 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2614's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75%), 2614'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?

4.6yrs

Average management tenure


CEO

Shang Liao

no data

Tenure

Mr. Shang Wen Liao, PH.D. serves as the Chairman and President at Eastern Media International Corporation. Mr. Liao joined Eastern Media International Corporation on August 15, 1994. He holds a PhD from Le...


Leadership Team

NamePositionTenureCompensationOwnership
Shang Liao
Chairman and Presidentno datano data0.018%
NT$ 1.7m
Kevin Lue
Assistant Vice President of Finance Divisionno datano data0.0049%
NT$ 457.0k
Ying Jeng
Vice President of Accounting Divisionno datano datano data
Su Tang
Vice President of Administration Division4.33yrsno data0.00028%
NT$ 26.1k
Alice Chou
Assistant Vice President of Legal Affairs Department - Head Officeno datano datano data
Yan Xu
Executive Director of Strategic Development Centerno datano datano data
Joe Hsu
Vice Presidentno datano data0.000050%
NT$ 4.7k
Yen Hsu
Vice President of Strategy Development4.92yrsno datano data
Lynn Yeh
Assistant Vice President of Head Office - Investment Departmentno datano datano data
Carol Hu
Vice President of Head Office6.58yrsno datano data
Feng Solina
VP of Head Office3yrsno datano data

4.6yrs

Average Tenure

Experienced Management: 2614's management team is considered experienced (4.6 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

Eastern Media International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eastern Media International Corporation
  • Ticker: 2614
  • Exchange: TSEC
  • Founded: 1975
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: NT$9.326b
  • Shares outstanding: 556.79m
  • Website: https://www.emic.com.tw

Number of Employees


Location

  • Eastern Media International Corporation
  • No. 368, Fuxing South Road
  • 8th Floor
  • Taipei
  • 10656
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2614TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 1995

Biography

Eastern Media International Corporation, together with its subsidiaries, provides loading and unloading of grains and silo storage services in Taiwan and China. The company operates through Warehousing, Tr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 08:42
End of Day Share Price2021/03/03 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.