Executive Summary
Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Systex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6214 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 6214's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-3.0%
6214
-2.3%
TW IT
2.0%
TW Market
1 Year Return
2.4%
6214
12.4%
TW IT
31.2%
TW Market
Return vs Industry: 6214 underperformed the TW IT industry which returned 12.4% over the past year.
Return vs Market: 6214 underperformed the TW Market which returned 31.2% over the past year.
Shareholder returns
| 6214 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -2.3% | 2.0% |
| 30 Day | -4.0% | -2.0% | 10.6% |
| 90 Day | 3.1% | 3.8% | 22.8% |
| 1 Year | 8.6%2.4% | 17.6%12.4% | 35.8%31.2% |
| 3 Year | 72.9%41.1% | 57.9%35.3% | 58.3%40.5% |
| 5 Year | 138.5%64.2% | 155.4%89.4% | 133.0%92.1% |
Long-Term Price Volatility Vs. Market
How volatile is Systex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why Systex (TPE:6214) Can Manage Its Debt Responsibly2 weeks ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Systex Corporation (TPE:6214)1 month ago | Simply Wall St
We Like These Underlying Trends At Systex (TPE:6214)Valuation
Is Systex undervalued compared to its fair value and its price relative to the market?
9.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6214 (NT$84.4) is trading above our estimate of fair value (NT$62.43)
Significantly Below Fair Value: 6214 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6214 is good value based on its PE Ratio (9.8x) compared to the TW IT industry average (14.5x).
PE vs Market: 6214 is good value based on its PE Ratio (9.8x) compared to the TW market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6214's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6214 is good value based on its PB Ratio (1.6x) compared to the TW IT industry average (2.9x).
Next Steps
Future Growth
How is Systex 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 Systex 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 Systex 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 Systex performed over the past 5 years?
18.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6214 has a large one-off gain of NT$1.7B impacting its September 30 2020 financial results.
Growing Profit Margin: 6214's current net profit margins (9.2%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: 6214's earnings have grown by 18.1% per year over the past 5 years.
Accelerating Growth: 6214's earnings growth over the past year (92.8%) exceeds its 5-year average (18.1% per year).
Earnings vs Industry: 6214 earnings growth over the past year (92.8%) exceeded the IT industry 29.9%.
Return on Equity
High ROE: 6214's Return on Equity (16%) is considered low.
Next Steps
Financial Health
How is Systex's financial position?
Financial Position Analysis
Short Term Liabilities: 6214's short term assets (NT$14.5B) exceed its short term liabilities (NT$7.1B).
Long Term Liabilities: 6214's short term assets (NT$14.5B) exceed its long term liabilities (NT$542.8M).
Debt to Equity History and Analysis
Debt Level: 6214's debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 6214's debt to equity ratio has increased from 6.9% to 10% over the past 5 years.
Debt Coverage: 6214's debt is well covered by operating cash flow (102.1%).
Interest Coverage: 6214 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Systex current dividend yield, its reliability and sustainability?
5.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6214's dividend (5.92%) is higher than the bottom 25% of dividend payers in the TW market (2.09%).
High Dividend: 6214's dividend (5.92%) is in the top 25% of dividend payers in the TW market (5.15%)
Stability and Growth of Payments
Stable Dividend: 6214's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6214's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.3%), 6214's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.7yrs
Average management tenure
CEO
Frank Lin
11.25yrs
Tenure
Mr. Lung-Fen Lin, also known as Frank, serves as the President, General Manager and Director of Systex Corporation and served as its Chief Operating Officer. He has been Chairman of the Board of Systex Cor...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.25yrs | no data | 0.53% NT$ 112.0m | |
| Corporate Governance Officer | 6.67yrs | no data | no data | |
| Head of Accounting & Accounting Manager | 12.08yrs | no data | no data | |
| CHO & Vice President | 13.67yrs | no data | no data | |
| Chief Strategy Officer | 18.83yrs | no data | 0.062% NT$ 12.9m | |
| Senior Vice President | 16yrs | no data | no data | |
| Senior VP & Deputy GM | 14yrs | no data | 0.037% NT$ 7.7m | |
| Senior Vice President | 14yrs | no data | no data | |
| Chief Audit Executive | 2.75yrs | no data | no data |
13.7yrs
Average Tenure
Experienced Management: 6214's management team is seasoned and experienced (13.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.25yrs | no data | 0.53% NT$ 112.0m | |
| Chief Strategy Officer | 18.83yrs | no data | 0.062% NT$ 12.9m | |
| Independent Director | 13.58yrs | no data | no data | |
| Director | 4.58yrs | no data | 0.098% NT$ 20.5m | |
| Independent Director | 7.58yrs | no data | 0.00034% NT$ 71.2k | |
| Director | 13.58yrs | no data | 0.99% NT$ 208.4m | |
| Director | 13.58yrs | no data | 0.0022% NT$ 467.3k | |
| Director | 18.83yrs | no data | no data | |
| Director | 10.58yrs | no data | no data | |
| Director | 4.58yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | 0.00025% NT$ 52.4k |
9.1yrs
Average Tenure
Experienced Board: 6214's board of directors are considered experienced (9.1 years average tenure).
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
Systex Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Systex Corporation
- Ticker: 6214
- Exchange: TSEC
- Founded: 1997
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: NT$20.955b
- Shares outstanding: 247.98m
- Website: https://tw.systex.com
Number of Employees
Location
- Systex Corporation
- 318, Rueiguang Road
- Neihu District
- Taipei
- 114
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6214 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 2003 |
Biography
Systex Corporation provides various IT services for enterprise and government clients in Taiwan and Asia. It operates through Financial Business Integration, Customer Market Integration, Data Technology In...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 08:41 |
| 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.