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Provision InformationLtd

Market Cap

NT$1.4b

Last Updated

2021/04/10 08:51 UTC

Data Sources

Company Financials

Executive Summary

Provision Information Co.,Ltd. provides payment, financial application, security, and outsourcing services to the financial industry. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Provision InformationLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6590 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 6590's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

-0.4%

6590

0.3%

TW Software

1.6%

TW Market


1 Year Return

139.4%

6590

28.2%

TW Software

66.6%

TW Market

Return vs Industry: 6590 exceeded the TW Software industry which returned 28.2% over the past year.

Return vs Market: 6590 exceeded the TW Market which returned 66.6% over the past year.


Shareholder returns

6590IndustryMarket
7 Day-0.4%0.3%1.6%
30 Day29.5%11.6%6.7%
90 Day54.6%13.1%9.5%
1 Year163.2%139.4%32.5%28.2%72.3%66.6%
3 Year279.1%214.0%21.7%13.4%70.7%51.2%
5 Yearn/a25.5%11.6%132.6%91.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Provision InformationLtd undervalued compared to its fair value and its price relative to the market?

18.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6590 (NT$82.7) is trading below our estimate of fair value (NT$96.96)

Significantly Below Fair Value: 6590 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6590 is good value based on its PE Ratio (20.2x) compared to the TW Software industry average (20.7x).

PE vs Market: 6590 is good value based on its PE Ratio (20.2x) compared to the TW market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6590's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6590 is overvalued based on its PB Ratio (3.9x) compared to the TW Software industry average (2.6x).


Future Growth

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

34.5%

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 Provision InformationLtd 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.


Past Performance

How has Provision InformationLtd performed over the past 5 years?

30.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6590 has high quality earnings.

Growing Profit Margin: 6590's current net profit margins (18.3%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: 6590's earnings have grown significantly by 30.4% per year over the past 5 years.

Accelerating Growth: 6590's earnings growth over the past year (72.5%) exceeds its 5-year average (30.4% per year).

Earnings vs Industry: 6590 earnings growth over the past year (72.5%) exceeded the Software industry 17.6%.


Return on Equity

High ROE: 6590's Return on Equity (16.6%) is considered low.


Financial Health

How is Provision InformationLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 6590's short term assets (NT$472.0M) exceed its short term liabilities (NT$143.1M).

Long Term Liabilities: 6590's short term assets (NT$472.0M) exceed its long term liabilities (NT$22.2M).


Debt to Equity History and Analysis

Debt Level: 6590's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: 6590's debt to equity ratio has reduced from 24.8% to 3.3% over the past 5 years.

Debt Coverage: 6590's debt is well covered by operating cash flow (420.9%).

Interest Coverage: 6590 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Provision InformationLtd current dividend yield, its reliability and sustainability?

4.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6590's dividend (4.23%) is higher than the bottom 25% of dividend payers in the TW market (2%).

High Dividend: 6590's dividend (4.23%) is low compared to the top 25% of dividend payers in the TW market (4.82%).


Stability and Growth of Payments

Stable Dividend: 6590 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6590's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.5%), 6590'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?


CEO

Provision InformationLtd 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

Provision Information Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Provision Information Co.,Ltd.
  • Ticker: 6590
  • Exchange: GTSM
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: NT$1.445b
  • Shares outstanding: 18.29m
  • Website: https://www.provision.com.tw

Number of Employees


Location

  • Provision Information Co.,Ltd.
  • No.560, Section 4
  • 4th Floor
  • Taipei
  • 11071
  • Taiwan

Listings


Biography

Provision Information Co.,Ltd. provides payment, financial application, security, and outsourcing services to the financial industry. It offers payment solutions, such as ProIBRS, an interbank remittance s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 08:51
End of Day Share Price2021/04/09 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.