Executive Summary
GrandTech C.G. Systems Inc. operates as a distributor of graphics, imaging, and multimedia design software. More Details
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record with excellent balance sheet and pays a dividend.
Share Price & News
How has GrandTech C.G. Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6123 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 6123's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
6123
-1.6%
TW Electronic
-0.2%
TW Market
1 Year Return
-5.5%
6123
16.1%
TW Electronic
28.6%
TW Market
Return vs Industry: 6123 underperformed the TW Electronic industry which returned 16.1% over the past year.
Return vs Market: 6123 underperformed the TW Market which returned 28.6% over the past year.
Shareholder returns
| 6123 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.6% | -0.2% |
| 30 Day | 4.2% | 9.1% | 8.8% |
| 90 Day | 7.2% | 21.8% | 20.6% |
| 1 Year | 3.0%-5.5% | 20.2%16.1% | 33.1%28.6% |
| 3 Year | 2.5%-19.1% | 31.4%15.8% | 55.3%37.8% |
| 5 Year | 147.8%69.6% | 112.6%74.1% | 135.7%94.2% |
Long-Term Price Volatility Vs. Market
How volatile is GrandTech C.G. Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Is GrandTech C.G. Systems (GTSM:6123) The Next Multi-Bagger?3 weeks ago | Simply Wall St
GrandTech C.G. Systems Inc.'s (GTSM:6123) Stock Is Going Strong: Is the Market Following Fundamentals?1 month ago | Simply Wall St
Read This Before Considering GrandTech C.G. Systems Inc. (GTSM:6123) For Its Upcoming NT$1.00 DividendValuation
Is GrandTech C.G. Systems undervalued compared to its fair value and its price relative to the market?
43.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6123 (NT$41) is trading below our estimate of fair value (NT$72.47)
Significantly Below Fair Value: 6123 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6123 is good value based on its PE Ratio (9.5x) compared to the TW Electronic industry average (17.1x).
PE vs Market: 6123 is good value based on its PE Ratio (9.5x) compared to the TW market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6123's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6123 is overvalued based on its PB Ratio (2.4x) compared to the TW Electronic industry average (1.6x).
Next Steps
Future Growth
How is GrandTech C.G. Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
22.0%
Forecasted Tech 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 GrandTech C.G. Systems 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 GrandTech C.G. Systems 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 Tech industry.
Past Performance
How has GrandTech C.G. Systems performed over the past 5 years?
11.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6123 has high quality earnings.
Growing Profit Margin: 6123's current net profit margins (4.9%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: 6123's earnings have grown by 11.2% per year over the past 5 years.
Accelerating Growth: 6123's earnings growth over the past year (22.5%) exceeds its 5-year average (11.2% per year).
Earnings vs Industry: 6123 earnings growth over the past year (22.5%) exceeded the Electronic industry 5%.
Return on Equity
High ROE: 6123's Return on Equity (24.6%) is considered high.
Next Steps
Financial Health
How is GrandTech C.G. Systems's financial position?
Financial Position Analysis
Short Term Liabilities: 6123's short term assets (NT$2.2B) exceed its short term liabilities (NT$1.4B).
Long Term Liabilities: 6123's short term assets (NT$2.2B) exceed its long term liabilities (NT$59.2M).
Debt to Equity History and Analysis
Debt Level: 6123's debt to equity ratio (55.2%) is considered high.
Reducing Debt: 6123's debt to equity ratio has reduced from 62.1% to 55.2% over the past 5 years.
Debt Coverage: 6123's debt is well covered by operating cash flow (52%).
Interest Coverage: 6123 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is GrandTech C.G. Systems's current dividend yield, its reliability and sustainability?
8.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6123's dividend (8.78%) is higher than the bottom 25% of dividend payers in the TW market (2.13%).
High Dividend: 6123's dividend (8.78%) is in the top 25% of dividend payers in the TW market (5.17%)
Stability and Growth of Payments
Stable Dividend: 6123's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6123's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.5%), 6123's 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?
1.6yrs
Average board tenure
CEO
Frankie Hsu
no data
Tenure
Mr. Frankie Hsu serves as Director of GrandTech C.G. Systems Inc. since June 6, 2019. Mr. Hsu serves as the Chief Executive Officer of Grandtech CG Systems inc. Mr. Hsu serves as President of Ability Inter...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | no data | no data | no data | |
| Director and Corporate Senior VP & GM of Taiwan & HK | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | no data | |
| Director | 1.58yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data |
1.6yrs
Average Tenure
Experienced Board: 6123's board of directors are not considered experienced ( 1.6 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
GrandTech C.G. Systems Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: GrandTech C.G. Systems Inc.
- Ticker: 6123
- Exchange: GTSM
- Founded: 1991
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: NT$2.343b
- Shares outstanding: 57.15m
- Website: https://www.grandtech.com
Location
- GrandTech C.G. Systems Inc.
- No.33, Ruiguang Road
- 3rd Floor
- Taipei
- 114
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6123 | GTSM (Taipei Exchange) | Yes | Common Stock | TW | TWD | Jan 2002 |
Biography
GrandTech C.G. Systems Inc. operates as a distributor of graphics, imaging, and multimedia design software. The company distributes 2D and 3D professional software products; digital printing equipment and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 17:21 |
| End of Day Share Price | 2021/01/21 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.