TSEC:2471

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Ares International

Executive Summary

Ares International Corp. provides IT products and professional services primarily for financial institutions, government agencies, and enterprises in Taiwan. More Details


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

2471IndustryMarket
7 Day-8.3%-2.3%2.0%
30 Day-5.4%-2.0%10.6%
90 Day29.3%3.8%22.8%
1 Year46.5%37.4%17.6%12.4%35.8%31.2%
3 Year111.2%73.4%57.9%35.3%58.3%40.5%
5 Year178.0%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

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

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2471TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 08:36
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.