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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 48.1% per year for the next 3 years
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
| 6277 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -2.1% | -0.2% |
| 30 Day | 0.2% | 3.6% | 8.8% |
| 90 Day | 1.2% | 10.1% | 20.6% |
| 1 Year | 5.2%-3.9% | 16.8%11.7% | 33.1%28.6% |
| 3 Year | 23.7%-3.0% | 26.5%9.6% | 55.3%37.8% |
| 5 Year | 80.0%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
1 week ago | Simply Wall St
Key Things To Watch Out For If You Are After Aten International Co., Ltd's (TPE:6277) 5.9% Dividend3 weeks ago | Simply Wall St
Is There More To The Story Than Aten International's (TPE:6277) Earnings Growth?1 month ago | Simply Wall St
Our Take On The Returns On Capital At Aten International (TPE:6277)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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | no data | no data | no data | |
| Senior AVP of General Management Division | 3.17yrs | no data | no data | |
| Director of Accounting Department | no data | no data | no data | |
| Senior VP of R&D and Global Marketing Division & Director | 6.58yrs | no data | no data | |
| Vice President of President Office | no data | no data | no data | |
| Vice President of Manufacturing Division | 1.92yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Management: 6277's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | no data | no data | no data | |
| Senior VP of R&D and Global Marketing Division & Director | 6.58yrs | no data | no data | |
| Vice Chairman | no data | no data | 7.68% NT$ 763.9m | |
| Supervisor | 30.25yrs | no data | 1.06% NT$ 105.1m | |
| Independent Director | 15.58yrs | no data | no data | |
| Supervisor | 3.67yrs | no data | no data | |
| Supervisor | 18.67yrs | no data | no data | |
| Independent Director | 7.58yrs | no data | no data | |
| Independent Director | 3.58yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6277 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 08:38 |
| 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.