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6183

Trade-Van Information ServicesTWSE:6183 Stock Report

Market Cap

NT$7.5b

7D

-1.4%

1Y

6.6%

Updated

14 Oct, 2021

Data

Company Financials
6183 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

6183 Overview

Trade-Van Information Services Co., together with its subsidiaries, provides cloud value-added services in Taiwan and internationally.

Rewards

Trading at 61% below our estimate of its fair value

Earnings grew by 59.6% over the past year

Pays a reliable dividend of 3.62%

Risk Analysis

No risks detected for 6183 from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Trade-Van Information Services
Historical stock prices
Current Share PriceNT$50.00
52 Week HighNT$45.85
52 Week LowNT$52.40
Beta0.25
1 Month Change-1.19%
3 Month Change-1.38%
1 Year Change6.61%
3 Year Change55.52%
5 Year Change91.57%
Change since IPO59.37%

Recent News & Updates

Mar 31
There's Been No Shortage Of Growth Recently For Trade-Van Information Services' (TPE:6183) Returns On Capital

There's Been No Shortage Of Growth Recently For Trade-Van Information Services' (TPE:6183) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Mar 10
Could Trade-Van Information Services Co. (TPE:6183) Have The Makings Of Another Dividend Aristocrat?

Could Trade-Van Information Services Co. (TPE:6183) Have The Makings Of Another Dividend Aristocrat?

Dividend paying stocks like Trade-Van Information Services Co. ( TPE:6183 ) tend to be popular with investors, and for...

Shareholder Returns

6183TW ITTW Market
7D-1.4%-0.01%-0.3%
1Y6.6%37.9%26.1%

Return vs Industry: 6183 underperformed the TW IT industry which returned 37.9% over the past year.

Return vs Market: 6183 underperformed the TW Market which returned 26.1% over the past year.

Price Volatility

Is 6183's price volatile compared to industry and market?
6183 volatility
6183 Beta0.25
Industry Beta0.40
Market Beta1

Stable Share Price: 6183 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 6183's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990n/aKuo-Fong Kaohttps://www.tradevan.com.tw

Trade-Van Information Services Co., together with its subsidiaries, provides cloud value-added services in Taiwan and internationally. It provides electronic data exchanging and related services; database buildup and related consulting services; data message design services; and computer software and hardware agency services. The company also offers custom clearance, cross-border electronic transaction, online land administration, second generation e-invoice integrated service platform, electronic tax filing, automobile liability insurance, asset management, financial monitoring, government systems integration, e-commerce, information security, global logistics and supply chain, e-marketplace platform, trade2cash, and big data services.

Trade-Van Information Services Fundamentals Summary

How do Trade-Van Information Services's earnings and revenue compare to its market cap?
6183 fundamental statistics
Market CapNT$7.50b
Earnings (TTM)NT$433.32m
Revenue (TTM)NT$2.09b

17.3x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6183 income statement (TTM)
RevenueNT$2.09b
Cost of RevenueNT$1.21b
Gross ProfitNT$881.21m
ExpensesNT$447.89m
EarningsNT$433.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.89
Gross Margin42.20%
Net Profit Margin20.75%
Debt/Equity Ratio0%

How did 6183 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Trade-Van Information Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6183 (NT$50) is trading below our estimate of fair value (NT$128.21)

Significantly Below Fair Value: 6183 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6183 is poor value based on its PE Ratio (17.3x) compared to the TW IT industry average (14.1x).

PE vs Market: 6183 is poor value based on its PE Ratio (17.3x) compared to the TW market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6183's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6183 is overvalued based on its PB Ratio (3.5x) compared to the TW IT industry average (2.7x).


Future Growth

How is Trade-Van Information Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.3%

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 Trade-Van Information Services 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.


Past Performance

How has Trade-Van Information Services performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6183 has high quality earnings.

Growing Profit Margin: 6183's current net profit margins (20.8%) are higher than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: 6183's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: 6183's earnings growth over the past year (59.6%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: 6183 earnings growth over the past year (59.6%) exceeded the IT industry 24.5%.


Return on Equity

High ROE: 6183's Return on Equity (19.9%) is considered low.


Financial Health

How is Trade-Van Information Services's financial position?


Financial Position Analysis

Short Term Liabilities: 6183's short term assets (NT$1.8B) exceed its short term liabilities (NT$906.4M).

Long Term Liabilities: 6183's short term assets (NT$1.8B) exceed its long term liabilities (NT$177.5M).


Debt to Equity History and Analysis

Debt Level: 6183 is debt free.

Reducing Debt: 6183 has not had any debt for past 5 years.

Debt Coverage: 6183 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6183 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Trade-Van Information Services's current dividend yield, its reliability and sustainability?

3.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6183's dividend (3.62%) is higher than the bottom 25% of dividend payers in the TW market (2.06%).

High Dividend: 6183's dividend (3.62%) is low compared to the top 25% of dividend payers in the TW market (5.35%).


Stability and Growth of Payments

Stable Dividend: 6183's dividends per share have been stable in the past 10 years.

Growing Dividend: 6183's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.7%), 6183'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?

5.1yrs

Average management tenure


CEO

Kuo-Fong Kao

0.083

Tenure

Kuo-Fong Kao is President of Trade-Van Information Services Co. from September 09, 2021. Kuo-Fong Kao had been Vice President of Trade-Van Information Services Co.


Leadership Team

Experienced Management: 6183's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: 6183's board of directors are considered experienced (3.3 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

Trade-Van Information Services Co.'s employee growth, exchange listings and data sources


Key Information

  • Name: Trade-Van Information Services Co.
  • Ticker: 6183
  • Exchange: TWSE
  • Founded: 1990
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: NT$7.500b
  • Shares outstanding: 150.00m
  • Website: https://www.tradevan.com.tw

Location

  • Trade-Van Information Services Co.
  • No. 19-13, Sanchong Road
  • 6th Floor
  • Taipei
  • 115
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 08:32
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.