TSEC:5203

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

CyberLink Corp. operates as a multimedia software and AI facial recognition technology company in Taiwan and internationally. More Details


Snowflake Analysis

Flawless balance sheet with concerning outlook.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 5203 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 5203's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-5.4%

5203

-3.4%

TW Software

0.8%

TW Market


1 Year Return

-5.8%

5203

-12.8%

TW Software

28.4%

TW Market

Return vs Industry: 5203 exceeded the TW Software industry which returned -12.8% over the past year.

Return vs Market: 5203 underperformed the TW Market which returned 28.4% over the past year.


Shareholder returns

5203IndustryMarket
7 Day-5.4%-3.4%0.8%
30 Day5.5%1.6%8.8%
90 Day-7.9%0.3%21.2%
1 Year-2.7%-5.8%-9.8%-12.8%32.9%28.4%
3 Year70.2%55.4%-1.3%-7.6%55.1%37.7%
5 Year89.1%58.4%17.1%4.2%139.0%97.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5203 (NT$105.5) is trading above our estimate of fair value (NT$59.07)

Significantly Below Fair Value: 5203 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 5203 is poor value based on its PE Ratio (32.8x) compared to the TW Software industry average (16.1x).

PE vs Market: 5203 is poor value based on its PE Ratio (32.8x) compared to the TW market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5203's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5203's PB Ratio (2.3x) is in line with the TW Software industry average.


Next Steps

Future Growth

How is CyberLink forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 5203's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 5203's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 5203's revenue (11.8% per year) is forecast to grow faster than the TW market (11.5% per year).

High Growth Revenue: 5203's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 5203's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CyberLink performed over the past 5 years?

-9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5203 has high quality earnings.

Growing Profit Margin: 5203's current net profit margins (16.8%) are lower than last year (25.1%).


Past Earnings Growth Analysis

Earnings Trend: 5203's earnings have declined by 9% per year over the past 5 years.

Accelerating Growth: 5203's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5203 had negative earnings growth (-26.6%) over the past year, making it difficult to compare to the Software industry average (21.3%).


Return on Equity

High ROE: 5203's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is CyberLink's financial position?


Financial Position Analysis

Short Term Liabilities: 5203's short term assets (NT$2.6B) exceed its short term liabilities (NT$714.9M).

Long Term Liabilities: 5203's short term assets (NT$2.6B) exceed its long term liabilities (NT$601.1M).


Debt to Equity History and Analysis

Debt Level: 5203 is debt free.

Reducing Debt: 5203 has not had any debt for past 5 years.

Debt Coverage: 5203 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 5203 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is CyberLink current dividend yield, its reliability and sustainability?

3.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5203's dividend (3.41%) is higher than the bottom 25% of dividend payers in the TW market (2.06%).

High Dividend: 5203's dividend (3.41%) is low compared to the top 25% of dividend payers in the TW market (5.09%).


Stability and Growth of Payments

Stable Dividend: 5203's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5203's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (111.9%), 5203'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?

1.0yrs

Average board tenure


CEO

Jau Huang

no data

Tenure

Dr. Jau Huang founded CyberLink Corp., in 1996 and serves as its Chief Executive Officer and Chief Technology Officer. Dr. Huang is the Founder of the Multimedia and Communications Lab at National Taiwan U...


Board Members

NamePositionTenureCompensationOwnership
Jau Huang
Founderno datano data2.79%
NT$ 242.4m
Yang-Tzong Tsay
Independent Director5.17yrsno data0.011%
NT$ 919.8k
Alice H. Chang
Non-Independent Directorno datano data8.32%
NT$ 724.0m
Wen-Hsiang Hung
Independent Directorno datano datano data
Ying-Lun Hai
Non-Independent Directorno datano data0.061%
NT$ 5.3m
Yichen Huang
Non-Independent Director1yrno data2.13%
NT$ 185.3m
Shen Lan Yu
Independent Director1yrno datano data

1.0yrs

Average Tenure

Experienced Board: 5203's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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

CyberLink Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CyberLink Corp.
  • Ticker: 5203
  • Exchange: TSEC
  • Founded: 1995
  • Industry: Application Software
  • Sector: Software
  • Market Cap: NT$8.702b
  • Shares outstanding: 82.49m
  • Website: https://www.cyberlink.com

Location

  • CyberLink Corp.
  • No. 100, Minquan Road
  • 15th Floor
  • New Taipei City
  • 231
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5203TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 2000

Biography

CyberLink Corp. operates as a multimedia software and AI facial recognition technology company in Taiwan and internationally. It offers software for video and photo editing, multimedia playback, file conve...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 08:54
End of Day Share Price2021/01/15 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.