Executive Summary
Mercuries Data Systems Ltd. engages in the system integration business with a focus on finance, transportation, telecommunications, education, and fire protection fields in Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Mercuries Data Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2427 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2427's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.4%
2427
0.5%
TW IT
2.5%
TW Market
1 Year Return
0.4%
2427
13.0%
TW IT
31.6%
TW Market
Return vs Industry: 2427 underperformed the TW IT industry which returned 12.4% over the past year.
Return vs Market: 2427 underperformed the TW Market which returned 31.3% over the past year.
Shareholder returns
| 2427 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 0.5% | 2.5% |
| 30 Day | -2.6% | -0.9% | 11.8% |
| 90 Day | 8.1% | 3.7% | 22.9% |
| 1 Year | 3.8%0.4% | 18.2%13.0% | 36.3%31.6% |
| 3 Year | -0.2%-9.2% | 61.8%38.3% | 59.7%41.8% |
| 5 Year | 111.1%85.2% | 157.1%91.1% | 136.2%94.8% |
Long-Term Price Volatility Vs. Market
How volatile is Mercuries Data Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
We Think Mercuries Data Systems (TPE:2427) Can Stay On Top Of Its Debt3 weeks ago | Simply Wall St
Will the Promising Trends At Mercuries Data Systems (TPE:2427) Continue?Valuation
Is Mercuries Data Systems undervalued compared to its fair value and its price relative to the market?
13.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2427 (NT$11.3) is trading above our estimate of fair value (NT$4.81)
Significantly Below Fair Value: 2427 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2427 is good value based on its PE Ratio (13.8x) compared to the TW IT industry average (14.1x).
PE vs Market: 2427 is good value based on its PE Ratio (13.8x) compared to the TW market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2427's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2427 is good value based on its PB Ratio (0.9x) compared to the TW IT industry average (2.8x).
Next Steps
Future Growth
How is Mercuries Data Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.9%
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 Mercuries Data Systems 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 whether Mercuries Data Systems is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Software industry.
Past Performance
How has Mercuries Data Systems performed over the past 5 years?
26.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2427 has high quality earnings.
Growing Profit Margin: 2427's current net profit margins (4.8%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: 2427's earnings have grown significantly by 26.8% per year over the past 5 years.
Accelerating Growth: 2427's earnings growth over the past year (9.2%) is below its 5-year average (26.8% per year).
Earnings vs Industry: 2427 earnings growth over the past year (9.2%) underperformed the IT industry 29.9%.
Return on Equity
High ROE: 2427's Return on Equity (6.8%) is considered low.
Next Steps
Financial Health
How is Mercuries Data Systems's financial position?
Financial Position Analysis
Short Term Liabilities: 2427's short term assets (NT$2.8B) exceed its short term liabilities (NT$2.0B).
Long Term Liabilities: 2427's short term assets (NT$2.8B) exceed its long term liabilities (NT$114.7M).
Debt to Equity History and Analysis
Debt Level: 2427's debt to equity ratio (47.9%) is considered high.
Reducing Debt: 2427's debt to equity ratio has increased from 18.7% to 47.9% over the past 5 years.
Debt Coverage: 2427's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: 2427's interest payments on its debt are well covered by EBIT (85.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Mercuries Data Systems's current dividend yield, its reliability and sustainability?
3.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2427's dividend (3.1%) is higher than the bottom 25% of dividend payers in the TW market (2.11%).
High Dividend: 2427's dividend (3.1%) is low compared to the top 25% of dividend payers in the TW market (5.16%).
Stability and Growth of Payments
Stable Dividend: 2427 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2427's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.7%), 2427'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?
CEO
Mercuries Data Systems 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
Mercuries Data Systems Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mercuries Data Systems Ltd.
- Ticker: 2427
- Exchange: TSEC
- Founded: 1976
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: NT$2.083b
- Shares outstanding: 184.31m
- Website: https://www.mds.com.tw
Number of Employees
Location
- Mercuries Data Systems Ltd.
- No. 2, Xinyi Road
- 3rd Floor
- Taipei
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2427 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Oct 1999 |
Biography
Mercuries Data Systems Ltd. engages in the system integration business with a focus on finance, transportation, telecommunications, education, and fire protection fields in Taiwan. The company offers train...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 08:52 |
| End of Day Share Price | 2021/01/22 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.