GTSM:6231

Stock Analysis Report

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Executive Summary

Insyde Software Corp. provides system firmware and software engineering services for companies in the mobile, desktop, server, and embedded systems industries worldwide. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.

Share Price & News

How has Insyde Software's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6231 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6231's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

0.4%

6231

-1.7%

TW Software

2.0%

TW Market


1 Year Return

40.9%

6231

-13.9%

TW Software

31.2%

TW Market

Return vs Industry: 6231 exceeded the TW Software industry which returned -13.9% over the past year.

Return vs Market: 6231 exceeded the TW Market which returned 31.2% over the past year.


Shareholder returns

6231IndustryMarket
7 Day0.4%-1.7%2.0%
30 Day-2.4%-0.1%10.6%
90 Day2.5%-1.1%22.8%
1 Year43.1%40.9%-11.0%-13.9%35.8%31.2%
3 Year113.1%97.9%-2.0%-8.3%58.3%40.5%
5 Year370.1%322.3%11.5%-0.8%133.0%92.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Insyde Software undervalued compared to its fair value and its price relative to the market?

48.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6231 (NT$92.6) is trading below our estimate of fair value (NT$179.51)

Significantly Below Fair Value: 6231 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6231 is poor value based on its PE Ratio (22.1x) compared to the TW Software industry average (15.8x).

PE vs Market: 6231 is poor value based on its PE Ratio (22.1x) compared to the TW market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6231's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6231 is overvalued based on its PB Ratio (4.7x) compared to the TW Software industry average (2.3x).


Next Steps

Future Growth

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

31.4%

Forecasted Software 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 Insyde Software 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 Insyde Software performed over the past 5 years?

45.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6231 has high quality earnings.

Growing Profit Margin: 6231's current net profit margins (14.2%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: 6231's earnings have grown significantly by 45.5% per year over the past 5 years.

Accelerating Growth: 6231's earnings growth over the past year (92%) exceeds its 5-year average (45.5% per year).

Earnings vs Industry: 6231 earnings growth over the past year (92%) exceeded the Software industry 21.3%.


Return on Equity

High ROE: 6231's Return on Equity (21.4%) is considered high.


Next Steps

Financial Health

How is Insyde Software's financial position?


Financial Position Analysis

Short Term Liabilities: 6231's short term assets (NT$947.8M) exceed its short term liabilities (NT$319.4M).

Long Term Liabilities: 6231's short term assets (NT$947.8M) exceed its long term liabilities (NT$69.2M).


Debt to Equity History and Analysis

Debt Level: 6231 is debt free.

Reducing Debt: 6231 has no debt compared to 5 years ago when its debt to equity ratio was 4.3%.

Debt Coverage: 6231 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6231 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Insyde Software current dividend yield, its reliability and sustainability?

2.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6231's dividend (2.16%) is higher than the bottom 25% of dividend payers in the TW market (2.09%).

High Dividend: 6231's dividend (2.16%) is low compared to the top 25% of dividend payers in the TW market (5.15%).


Stability and Growth of Payments

Stable Dividend: 6231's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6231's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.8%), 6231's dividend payments are well 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 board tenure


CEO

Jeremy Wang

no data

Tenure

Mr. Chih-Kao Wang, also known as Jeremy, serves as the Chairman and Chief Executive Officer of Insyde Software Corp. and is responsible for outlining and executing its strategic vision and corporate direct...


Board Members

NamePositionTenureCompensationOwnership
Chih-Kao Wang
Chairman & CEOno datano datano data
Jonathan Joseph
COO & Director4.58yrsno datano data
Bing Yeh
Independent Directorno datano datano data
Chiang-Sung Fu
Independent Directorno datano datano data
Chien-Hua Shao
Supervisorno datano datano data
Chien-Chih Wang
Supervisorno datano datano data
Yen Lu
Independent Director4.58yrsno datano data
Chi Chen
Independent Director4.58yrsno datano data
Mei-Chin Huang
Independent Director4.58yrsno datano data
Yen Chi Wang
Supervisor1.58yrsno datano data

4.6yrs

Average Tenure

Experienced Board: 6231's board of directors are 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

Insyde Software Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Insyde Software Corp.
  • Ticker: 6231
  • Exchange: GTSM
  • Founded: 1998
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: NT$3.527b
  • Shares outstanding: 38.04m
  • Website: https://www.insyde.com

Number of Employees


Location

  • Insyde Software Corp.
  • No. 120, Jianguo North Road
  • 16th Floor
  • Taipei
  • 10483
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6231GTSM (Taipei Exchange)YesCommon SharesTWTWDJan 2003

Biography

Insyde Software Corp. provides system firmware and software engineering services for companies in the mobile, desktop, server, and embedded systems industries worldwide. It offers client solutions, includi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 17:11
End of Day Share Price2021/01/26 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.