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2331

Elitegroup Computer SystemsLtd TWSE:2331 Stock Report

Last Price

NT$22.45

Market Cap

NT$12.5b

7D

2.0%

1Y

14.2%

Updated

15 Aug, 2022

Data

Company Financials
2331 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

2331 Stock Overview

Elitegroup Computer Systems Co.,Ltd., together with its subsidiaries, manufactures and supplies various computer products in Taiwan.

Elitegroup Computer SystemsLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Elitegroup Computer SystemsLtd
Historical stock prices
Current Share PriceNT$22.45
52 Week HighNT$26.25
52 Week LowNT$18.30
Beta1
1 Month Change10.05%
3 Month Change13.67%
1 Year Change14.25%
3 Year Change80.32%
5 Year Change16.93%
Change since IPO-38.02%

Recent News & Updates

Shareholder Returns

2331TW TechTW Market
7D2.0%0.04%2.7%
1Y14.2%-0.2%-8.2%

Return vs Industry: 2331 exceeded the TW Tech industry which returned -1% over the past year.

Return vs Market: 2331 exceeded the TW Market which returned -9.8% over the past year.

Price Volatility

Is 2331's price volatile compared to industry and market?
2331 volatility
2331 Average Weekly Movement5.0%
Tech Industry Average Movement5.0%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2331 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2331's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aChin-Lai Wanghttps://www.ecs.com.tw

Elitegroup Computer Systems Co.,Ltd., together with its subsidiaries, manufactures and supplies various computer products in Taiwan. It offers motherboards, such as Intel and AMD platform motherboards, and SoC solutions; commercial and education laptop and chromebook; all in one and small form factor systems; LIVA mini-PCs; IPC motherboards and systems; and wireless access points. The company also provides IoT products, including EV chargers.

Elitegroup Computer SystemsLtd Fundamentals Summary

How do Elitegroup Computer SystemsLtd's earnings and revenue compare to its market cap?
2331 fundamental statistics
Market CapNT$12.51b
Earnings (TTM)NT$470.86m
Revenue (TTM)NT$32.88b

26.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2331 income statement (TTM)
RevenueNT$0
Cost of RevenueNT$0
Gross ProfitNT$0
Other ExpensesNT$0
EarningsNT$0

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.84
Gross Margin8.46%
Net Profit Margin1.43%
Debt/Equity Ratio8.2%

How did 2331 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2331 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2331?

Other financial metrics that can be useful for relative valuation.

2331 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA14.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2331's PE Ratio compare to its peers?

2331 PE Ratio vs Peers
The above table shows the PE ratio for 2331 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.2x
6166 ADLINK Technology
23.3x-33.7%NT$12.5b
6579 AAEON Technology
16xn/aNT$13.1b
3022 IEI Integration
11.1xn/aNT$10.6b
6277 Aten International
14.6x7.8%NT$9.3b
2331 Elitegroup Computer SystemsLtd
26.6xn/aNT$12.5b

Price-To-Earnings vs Peers: 2331 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the peer average (16.2x).


Price to Earnings Ratio vs Industry

How does 2331's PE Ratio compare vs other companies in the TW Tech Industry?

Price-To-Earnings vs Industry: 2331 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the TW Tech industry average (12.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2331's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2331 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2331's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2331 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2331's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2331's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Elitegroup Computer SystemsLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.8%

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 Elitegroup Computer SystemsLtd 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.


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Past Performance

How has Elitegroup Computer SystemsLtd performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-25.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2331 has a large one-off gain of NT$264.1M impacting its June 30 2022 financial results.

Growing Profit Margin: 2331's current net profit margins (1.4%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: 2331 has become profitable over the past 5 years, growing earnings by -25.6% per year.

Accelerating Growth: 2331's earnings growth over the past year (1359.8%) exceeds its 5-year average (-25.6% per year).

Earnings vs Industry: 2331 earnings growth over the past year (1359.8%) exceeded the Tech industry 23.8%.


Return on Equity

High ROE: 2331's Return on Equity (4.6%) is considered low.


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Financial Health

How is Elitegroup Computer SystemsLtd's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2331's short term assets (NT$17.6B) exceed its short term liabilities (NT$12.1B).

Long Term Liabilities: 2331's short term assets (NT$17.6B) exceed its long term liabilities (NT$606.1M).


Debt to Equity History and Analysis

Debt Level: 2331 has more cash than its total debt.

Reducing Debt: 2331's debt to equity ratio has reduced from 13.8% to 8.2% over the past 5 years.

Debt Coverage: 2331's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: Insufficient data to determine if 2331's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Elitegroup Computer SystemsLtd current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2331's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2331's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2331's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2331's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 2331 is not paying a notable dividend for the TW market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2331 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Chin-Lai Wang

no data

Tenure

Mr. Chin-Lai Wang serves as Vice Chairman at Elitegroup Computer Systems Co.,Ltd and serves as its Director since June 24, 2006. Mr. Wang serves as President at Elitegroup Computer Systems Co.,Ltd. since N...


Leadership Team

Experienced Management: 2331's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 2331's board of directors are not considered experienced ( 1.1 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

Elitegroup Computer Systems Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Elitegroup Computer Systems Co.,Ltd.
  • Ticker: 2331
  • Exchange: TWSE
  • Founded: 1987
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: NT$12.514b
  • Shares outstanding: 557.40m
  • Website: https://www.ecs.com.tw

Location

  • Elitegroup Computer Systems Co.,Ltd.
  • No. 239, Ti Ding Boulevard
  • Section 2
  • Taipei
  • 11493
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.