Executive Summary
Ares International Corp. provides IT products and professional services primarily for financial institutions, government agencies, and enterprises in Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Ares International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2471 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2471's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-8.3%
2471
-2.3%
TW IT
2.0%
TW Market
1 Year Return
37.4%
2471
12.4%
TW IT
31.2%
TW Market
Return vs Industry: 2471 exceeded the TW IT industry which returned 12.4% over the past year.
Return vs Market: 2471 exceeded the TW Market which returned 31.2% over the past year.
Shareholder returns
| 2471 | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | -2.3% | 2.0% |
| 30 Day | -5.4% | -2.0% | 10.6% |
| 90 Day | 29.3% | 3.8% | 22.8% |
| 1 Year | 46.5%37.4% | 17.6%12.4% | 35.8%31.2% |
| 3 Year | 111.2%73.4% | 57.9%35.3% | 58.3%40.5% |
| 5 Year | 178.0%95.9% | 155.4%89.4% | 133.0%92.1% |
Long-Term Price Volatility Vs. Market
How volatile is Ares International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Can The Trends At Ares International (TPE:2471) Tell Us About Their Returns?4 weeks ago | Simply Wall St
Ares International Corp. (TPE:2471) Is Yielding 5.1% - But Is It A Buy?1 month ago | Simply Wall St
Is Ares International Corp.'s (TPE:2471) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Valuation
Is Ares International undervalued compared to its fair value and its price relative to the market?
12.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2471 (NT$26.45) is trading above our estimate of fair value (NT$23.68)
Significantly Below Fair Value: 2471 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2471 is good value based on its PE Ratio (12.9x) compared to the TW IT industry average (14.5x).
PE vs Market: 2471 is good value based on its PE Ratio (12.9x) compared to the TW market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2471's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2471 is good value based on its PB Ratio (1.7x) compared to the TW IT industry average (2.9x).
Next Steps
Future Growth
How is Ares International 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 Ares 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
- Examine whether Ares International 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 Ares International performed over the past 5 years?
10.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2471 has high quality earnings.
Growing Profit Margin: 2471's current net profit margins (12.9%) are higher than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: 2471's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: 2471's earnings growth over the past year (39.6%) exceeds its 5-year average (10% per year).
Earnings vs Industry: 2471 earnings growth over the past year (39.6%) exceeded the IT industry 29.9%.
Return on Equity
High ROE: 2471's Return on Equity (13.2%) is considered low.
Next Steps
Financial Health
How is Ares International's financial position?
Financial Position Analysis
Short Term Liabilities: 2471's short term assets (NT$1.1B) exceed its short term liabilities (NT$345.5M).
Long Term Liabilities: 2471's short term assets (NT$1.1B) exceed its long term liabilities (NT$141.6M).
Debt to Equity History and Analysis
Debt Level: 2471 is debt free.
Reducing Debt: 2471 has not had any debt for past 5 years.
Debt Coverage: 2471 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2471 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Ares International current dividend yield, its reliability and sustainability?
5.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2471's dividend (5.37%) is higher than the bottom 25% of dividend payers in the TW market (2.09%).
High Dividend: 2471's dividend (5.37%) is in the top 25% of dividend payers in the TW market (5.15%)
Stability and Growth of Payments
Stable Dividend: 2471's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2471's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69%), 2471's dividend 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
Frank Lin
no data
Tenure
Mr. Frank Lin is the President of Ares International Corp. He holds positions includes President of Ares International Corp. Chairman of Argo International Corp. Director of Weljoin Technologies Ltd. Direc...
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
Ares International Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ares International Corp.
- Ticker: 2471
- Exchange: TSEC
- Founded: 1980
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: NT$1.281b
- Shares outstanding: 47.25m
- Website: https://www.ares.com.tw
Number of Employees
Location
- Ares International Corp.
- No. 111, Zhongshan North Road
- 3rd Floor
- Taipei City
- 104
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2471 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Sep 1999 |
Biography
Ares International Corp. provides IT products and professional services primarily for financial institutions, government agencies, and enterprises in Taiwan. The company’s manufacturing products include Ar...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 08:36 |
| End of Day Share Price | 2021/01/26 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.