Executive Summary
Mitake Information Corporation operates in the information service software industry in Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Mitake Information's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8284 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 8284's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
8284
-3.4%
TW Software
0.8%
TW Market
1 Year Return
-29.4%
8284
-12.8%
TW Software
28.4%
TW Market
Return vs Industry: 8284 underperformed the TW Software industry which returned -12.8% over the past year.
Return vs Market: 8284 underperformed the TW Market which returned 28.4% over the past year.
Shareholder returns
| 8284 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -3.4% | 0.8% |
| 30 Day | 0.3% | 1.6% | 8.8% |
| 90 Day | -1.8% | 0.3% | 21.2% |
| 1 Year | -26.0%-29.4% | -9.8%-12.8% | 32.9%28.4% |
| 3 Year | 96.3%69.8% | -1.3%-7.6% | 55.1%37.7% |
| 5 Year | 69.1%45.3% | 17.1%4.2% | 139.0%97.0% |
Long-Term Price Volatility Vs. Market
How volatile is Mitake Information's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Declining Stock and Decent Financials: Is The Market Wrong About Mitake Information Corporation (GTSM:8284)?1 month ago | Simply Wall St
Did You Participate In Any Of Mitake Information's (GTSM:8284) Fantastic 117% Return ?1 month ago | Simply Wall St
Is Mitake Information Corporation (GTSM:8284) At Risk Of Cutting Its Dividend?Valuation
Is Mitake Information undervalued compared to its fair value and its price relative to the market?
1.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 8284 (NT$48.4) is trading below our estimate of fair value (NT$49.23)
Significantly Below Fair Value: 8284 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 8284's PE Ratio (16.2x) is in line with the TW Software industry average.
PE vs Market: 8284 is good value based on its PE Ratio (16.2x) compared to the TW market (18.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8284's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 8284's PB Ratio (2.3x) is in line with the TW Software industry average.
Next Steps
Future Growth
How is Mitake Information forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
30.9%
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 Mitake Information 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
- Examine Mitake Information's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Software industry.
Past Performance
How has Mitake Information performed over the past 5 years?
29.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8284 has high quality earnings.
Growing Profit Margin: 8284's current net profit margins (7%) are lower than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: 8284's earnings have grown significantly by 29.4% per year over the past 5 years.
Accelerating Growth: 8284's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 8284 had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Software industry average (21.3%).
Return on Equity
High ROE: 8284's Return on Equity (13.4%) is considered low.
Next Steps
Financial Health
How is Mitake Information's financial position?
Financial Position Analysis
Short Term Liabilities: 8284's short term assets (NT$1.1B) exceed its short term liabilities (NT$463.1M).
Long Term Liabilities: 8284's short term assets (NT$1.1B) exceed its long term liabilities (NT$8.1M).
Debt to Equity History and Analysis
Debt Level: 8284 is debt free.
Reducing Debt: 8284 has not had any debt for past 5 years.
Debt Coverage: 8284 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 8284 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Mitake Information current dividend yield, its reliability and sustainability?
6.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8284's dividend (6.2%) is higher than the bottom 25% of dividend payers in the TW market (2.06%).
High Dividend: 8284's dividend (6.2%) is in the top 25% of dividend payers in the TW market (5.09%)
Stability and Growth of Payments
Stable Dividend: 8284 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 8284's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.4%), 8284's dividend payments are not 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?
CEO
Mitake Information 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 been diluted in the past year, with total shares outstanding growing by 12.5%.
Top Shareholders
Company Information
Mitake Information Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mitake Information Corporation
- Ticker: 8284
- Exchange: GTSM
- Founded: 1991
- Industry: Application Software
- Sector: Software
- Market Cap: NT$2.243b
- Shares outstanding: 46.34m
- Website: https://www.mitake.com.tw
Number of Employees
Location
- Mitake Information Corporation
- No. 39, Xinsheng North Road
- 11th Floor
- Taipei City
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 8284 | GTSM (Taipei Exchange) | Yes | Common Stock | TW | TWD | Nov 2012 |
Biography
Mitake Information Corporation operates in the information service software industry in Taiwan. It offers mobile securities trading systems; voice quotation trading systems; mobile banking application syst...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 08:41 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.