TSEC:6277

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Aten International

Executive Summary

Aten International Co., Ltd engages in the development, manufacture, and sale of IT infrastructure access management solution, professional audio/video, green energy, and related products. More Details


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6277 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 6277's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

6277

-2.1%

TW Tech

-0.2%

TW Market


1 Year Return

-3.9%

6277

11.7%

TW Tech

28.6%

TW Market

Return vs Industry: 6277 underperformed the TW Tech industry which returned 11.7% over the past year.

Return vs Market: 6277 underperformed the TW Market which returned 28.6% over the past year.


Shareholder returns

6277IndustryMarket
7 Day-2.3%-2.1%-0.2%
30 Day0.2%3.6%8.8%
90 Day1.2%10.1%20.6%
1 Year5.2%-3.9%16.8%11.7%33.1%28.6%
3 Year23.7%-3.0%26.5%9.6%55.3%37.8%
5 Year80.0%23.7%66.3%31.5%135.7%94.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

25.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6277 (NT$83.5) is trading below our estimate of fair value (NT$111.6)

Significantly Below Fair Value: 6277 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6277 is good value based on its PE Ratio (6x) compared to the TW Tech industry average (14.4x).

PE vs Market: 6277 is good value based on its PE Ratio (6x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6277's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 6277 is overvalued based on its PB Ratio (2.2x) compared to the TW Tech industry average (1.6x).


Next Steps

Future Growth

How is Aten International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-48.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6277's earnings are forecast to decline over the next 3 years (-48.1% per year).

Earnings vs Market: 6277's earnings are forecast to decline over the next 3 years (-48.1% per year).

High Growth Earnings: 6277's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 6277's revenue (4.2% per year) is forecast to grow slower than the TW market (11.1% per year).

High Growth Revenue: 6277's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6277's Return on Equity is forecast to be low in 3 years time (14.4%).


Next Steps

Past Performance

How has Aten International performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6277 has a high level of non-cash earnings.

Growing Profit Margin: 6277's current net profit margins (34.5%) are higher than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: 6277's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: 6277's earnings growth over the past year (34.6%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: 6277 earnings growth over the past year (34.6%) exceeded the Tech industry 10.5%.


Return on Equity

High ROE: 6277's Return on Equity (35.2%) is considered high.


Next Steps

Financial Health

How is Aten International's financial position?


Financial Position Analysis

Short Term Liabilities: 6277's short term assets (NT$4.8B) exceed its short term liabilities (NT$2.2B).

Long Term Liabilities: 6277's short term assets (NT$4.8B) exceed its long term liabilities (NT$549.2M).


Debt to Equity History and Analysis

Debt Level: 6277's debt to equity ratio (16.4%) is considered satisfactory.

Reducing Debt: 6277's debt to equity ratio has reduced from 22.7% to 16.4% over the past 5 years.

Debt Coverage: 6277's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6277's interest payments on its debt are well covered by EBIT (32.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Aten International current dividend yield, its reliability and sustainability?

5.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6277's dividend (5.99%) is higher than the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 6277's dividend (5.99%) is in the top 25% of dividend payers in the TW market (5.17%)


Stability and Growth of Payments

Stable Dividend: 6277's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6277's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.4%), 6277'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?

2.3yrs

Average management tenure


CEO

Kevin Chen

no data

Tenure

Mr. Sun-Chung Chen, also known as Kevin, serves as the Chairman and President of ATEN International CO., Ltd and serves its Director since July 6, 1979. Mr. Chen is one of the 100 most outstanding managers...


Leadership Team

NamePositionTenureCompensationOwnership
Sun-Chung Chen
Chairman & Presidentno datano datano data
Alex Chen
Senior AVP of General Management Division3.17yrsno datano data
Michelle Chueh
Director of Accounting Departmentno datano datano data
Yung-Da Lin
Senior VP of R&D and Global Marketing Division & Director6.58yrsno datano data
William Kao
Vice President of President Officeno datano datano data
Tim Chiang
Vice President of Manufacturing Division1.92yrsno datano data

2.3yrs

Average Tenure

Experienced Management: 6277's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sun-Chung Chen
Chairman & Presidentno datano datano data
Yung-Da Lin
Senior VP of R&D and Global Marketing Division & Director6.58yrsno datano data
Shang-Jen Chen
Vice Chairmanno datano data7.68%
NT$ 763.9m
Se-Se Chen
Supervisor30.25yrsno data1.06%
NT$ 105.1m
Wei-Jen Chu
Independent Director15.58yrsno datano data
Shiu-Ta Liao
Supervisor3.67yrsno datano data
Chen-Lin Kuo
Supervisor18.67yrsno datano data
Chung-Jen Chen
Independent Director7.58yrsno datano data
Chun-Chung Chen
Independent Director3.58yrsno datano data

7.6yrs

Average Tenure

Experienced Board: 6277's board of directors are considered experienced (7.6 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

Aten International Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aten International Co., Ltd
  • Ticker: 6277
  • Exchange: TSEC
  • Founded: 1979
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$9.952b
  • Shares outstanding: 119.47m
  • Website: https://www.aten.com

Location

  • Aten International Co., Ltd
  • No.125, Datung Road
  • 3rd Floor
  • New Taipei City
  • 221
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6277TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 2003

Biography

Aten International Co., Ltd engages in the development, manufacture, and sale of IT infrastructure access management solution, professional audio/video, green energy, and related products. The company’s pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:38
End of Day Share Price2021/01/21 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.