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Concord International Securities

GTSM:5864
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5864
GTSM
NT$2B
Market Cap
  1. Home
  2. TW
  3. Diversified Financials
Company description

Concord International Securities Co., Ltd provides securities brokerage and underwriting services in Taiwan. The last earnings update was 11 days ago. More info.


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5864 Share Price and Events
7 Day Returns
0.8%
GTSM:5864
0.1%
TW Capital Markets
2%
TW Market
1 Year Returns
-28.6%
GTSM:5864
-5.6%
TW Capital Markets
-10.1%
TW Market
5864 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Concord International Securities (5864) 0.8% -14.8% -17.5% -28.6% -4.6% 11.4%
TW Capital Markets 0.1% -9% -11.9% -5.6% 8.2% 6.6%
TW Market 2% -13.5% -17.4% -10.1% -2.7% 0.4%
1 Year Return vs Industry and Market
  • 5864 underperformed the Capital Markets industry which returned -5.6% over the past year.
  • 5864 underperformed the Market in Taiwan, Province of China which returned -10.1% over the past year.
Price Volatility
5864
Industry
5yr Volatility vs Market

Value

 Is Concord International Securities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Concord International Securities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Concord International Securities.

GTSM:5864 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NT$14.93 * 7.3%
NT$1.09
Book Value of Equity per Share Median Book Value from the past 5 years. NT$14.93
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:5864
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.749 (1 + (1- 20%) (33.18%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.124 * 6.21%)
7.69%

Discounted Cash Flow Calculation for GTSM:5864 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Concord International Securities is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

GTSM:5864 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.3% – 7.69%) * NT$14.93)
NT$-0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NT$-0.06 / (7.69% - 0.71%)
NT$-0.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NT$14.93 + NT$-0.89
NT$14.05
GTSM:5864 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$14.05
Current discount Discount to share price of NT$7.65
= -1 x (NT$7.65 - NT$14.05) / NT$14.05
45.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Concord International Securities is available for.
Intrinsic value
46%
Share price is NT$7.65 vs Future cash flow value of NT$14.05
Current Discount Checks
For Concord International Securities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Concord International Securities's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Concord International Securities's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Concord International Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Concord International Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5864 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.57
GTSM:5864 Share Price ** GTSM (2020-04-07) in TWD NT$7.65
Taiwan, Province of China Capital Markets Industry PE Ratio Median Figure of 14 Publicly-Listed Capital Markets Companies 13.56x
Taiwan, Province of China Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 14.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Concord International Securities.

GTSM:5864 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5864 Share Price ÷ EPS (both in TWD)

= 7.65 ÷ 0.57

13.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Concord International Securities is good value based on earnings compared to the TW Capital Markets industry average.
  • Concord International Securities is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Concord International Securities's expected growth come at a high price?
Raw Data
GTSM:5864 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Capital Markets Industry PEG Ratio Median Figure of 61 Publicly-Listed Capital Markets Companies 1.52x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Concord International Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Concord International Securities's assets?
Raw Data
GTSM:5864 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$14.89
GTSM:5864 Share Price * GTSM (2020-04-07) in TWD NT$7.65
Taiwan, Province of China Capital Markets Industry PB Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 0.72x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:5864 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5864 Share Price ÷ Book Value per Share (both in TWD)

= 7.65 ÷ 14.89

0.51x

* Primary Listing of Concord International Securities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Concord International Securities is good value based on assets compared to the TW Capital Markets industry average.
X
Value checks
We assess Concord International Securities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Concord International Securities has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Concord International Securities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Concord International Securities 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Concord International Securities expected to grow at an attractive rate?
  • Unable to compare Concord International Securities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Concord International Securities's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Concord International Securities's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5864 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Asia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 7%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 6.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:5864 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5864 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 330 77 136
2019-09-30 352 336 143
2019-06-30 320 1,003 112
2019-03-31 383 480 153
2018-12-31 371 305 445
2018-09-30 379 -47 458
2018-06-30 401 -532 470
2018-03-31 337 -212 424
2017-12-31 351 -253 126
2017-09-30 471 -195 258
2017-06-30 490 -396 279
2017-03-31 465 -320 258

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Concord International Securities is high growth as no earnings estimate data is available.
  • Unable to determine if Concord International Securities is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:5864 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Concord International Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5864 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.57
2019-09-30 0.60
2019-06-30 0.48
2019-03-31 0.65
2018-12-31 1.90
2018-09-30 1.97
2018-06-30 2.05
2018-03-31 1.86
2017-12-31 0.56
2017-09-30 1.15
2017-06-30 1.24
2017-03-31 1.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Concord International Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Concord International Securities is trading at Concord International Securities'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Concord International Securities's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Concord International Securities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Concord International Securities has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Concord International Securities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Concord International Securities's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Concord International Securities has delivered over 20% year on year earnings growth in the past 5 years.
  • Concord International Securities's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Concord International Securities's 1-year earnings growth is negative, it can't be compared to the TW Capital Markets industry average.
Earnings and Revenue History
Concord International Securities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Concord International Securities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5864 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 329.69 135.65 134.78
2019-09-30 352.46 143.01 141.22
2019-06-30 319.84 112.26 142.59
2019-03-31 382.53 152.55 148.67
2018-12-31 370.67 444.99 157.49
2018-09-30 378.97 457.58 160.16
2018-06-30 401.41 470.05 162.30
2018-03-31 337.41 424.05 155.70
2017-12-31 350.89 126.14 146.74
2017-09-30 470.83 258.29 141.64
2017-06-30 490.34 279.29 135.32
2017-03-31 465.12 258.15 134.48
2016-12-31 392.14 192.23 132.65
2016-09-30 295.91 91.15 135.28
2016-06-30 254.60 59.24 137.07
2016-03-31 238.69 43.59 140.11
2015-12-31 222.77 27.95 143.16
2015-09-30 194.05 1.35 145.54
2015-06-30 165.33 -25.25 147.92
2015-03-31 153.78 -28.75 148.12
2014-12-31 142.24 -32.25 148.31
2014-09-30 178.93 -85.90 152.54
2014-06-30 215.61 -139.55 156.76
2014-03-31 204.22 -151.94 154.44
2013-12-31 192.83 -164.32 152.12
2013-09-30 207.16 -51.31 150.67
2013-06-30 221.50 61.70 149.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Concord International Securities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Concord International Securities used its assets more efficiently than the TW Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Concord International Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Concord International Securities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Concord International Securities has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Concord International Securities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Concord International Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Concord International Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Concord International Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Concord International Securities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Concord International Securities Company Filings, last reported 3 months ago.

GTSM:5864 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,536.72 580.38 1,699.54
2019-09-30 3,566.61 540.72 1,748.50
2019-06-30 3,546.46 316.19 1,651.87
2019-03-31 3,650.53 435.01 1,732.48
2018-12-31 3,575.49 498.23 1,729.82
2018-09-30 3,625.68 780.48 1,926.73
2018-06-30 3,592.16 1,301.49 1,910.43
2018-03-31 3,660.51 900.24 1,749.38
2017-12-31 3,097.51 903.54 1,490.06
2017-09-30 3,091.90 893.99 1,541.48
2017-06-30 3,058.40 929.29 1,587.80
2017-03-31 3,081.86 503.37 1,427.98
2016-12-31 3,081.86 503.37 1,427.98
2016-09-30
2016-06-30 2,868.87 423.51 1,099.89
2016-03-31 2,868.87 423.51 1,099.89
2015-12-31 2,837.35 388.59 1,192.36
2015-09-30 2,837.35 388.59 1,192.36
2015-06-30 2,788.29 474.34 1,133.97
2015-03-31 2,788.29 474.34 1,133.97
2014-12-31 2,840.18 0.00 1,567.55
2014-09-30 2,840.18 0.00 1,567.55
2014-06-30 2,846.40 0.00 1,393.53
2014-03-31 2,846.40 0.00 1,393.53
2013-12-31 2,894.19 15.00 1,546.05
2013-09-30 2,894.19 15.00 1,546.05
2013-06-30 2,997.26 110.00 1,339.15
  • Concord International Securities's level of debt (16.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.2% vs 16.4% today).
  • Debt is not well covered by operating cash flow (13.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Concord International Securities's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Concord International Securities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Concord International Securities has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Concord International Securities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.19%
Current annual income from Concord International Securities dividends.
If you bought NT$2,000 of Concord International Securities shares you are expected to receive NT$144 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Concord International Securities's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.22%).
  • Concord International Securities's dividend is above the markets top 25% of dividend payers in Taiwan, Province of China (6.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:5864 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.6%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1329 Stocks 4.5%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:5864 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.550 7.303
2019-03-28 0.566 6.000
2018-05-10 0.498 4.961
2018-01-30 0.498 5.105
2017-08-30 0.585 6.936
2017-03-29 0.585 7.935
2015-08-31 0.000 0.000
2014-08-28 0.000 0.000
2014-03-31 0.000 0.000
2013-03-28 0.215 3.040
2012-03-28 0.272 4.392
2011-08-31 0.272 4.136
2011-04-29 0.272 3.249
2010-08-30 0.259 3.168
2010-07-16 0.000 0.000
2010-04-23 0.259 3.036
2010-01-15 0.000 0.000
2009-08-31 0.000 0.000
2009-04-27 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Concord International Securities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Concord International Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Concord International Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Concord International Securities has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Concord International Securities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wen Bin Li
CEO Bio

Li Wen Bin is a beneficial owner at Taiyen Biotech Co., Ltd.

CEO Compensation
  • Insufficient data for Wen Bin to compare compensation growth.
  • Insufficient data for Wen Bin to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team

Wen Bin Li

TITLE
General Manager

Long Fa Chen

TITLE
Deputy General Manager and Director
Board of Directors

Zhao Gun Chen

TITLE
Chairman

Mi Juan Chen

TITLE
Vice Chairman

Long Fa Chen

TITLE
Deputy General Manager and Director

Li Ying Huang

TITLE
Director

Rong Mei Li

TITLE
Director

Rong Ji Chen

TITLE
Director

Zhun Heng Chen

TITLE
Independent Director

Ming Bang Cha

TITLE
Independent Director

Zhi Xia Wu

TITLE
Director

Su Qing Su

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Concord International Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Concord International Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Concord International Securities Co., Ltd provides securities brokerage and underwriting services in Taiwan. It also trades in bonds and futures. The company is headquartered in Tainan, Taiwan.

Details
Name: Concord International Securities Co., Ltd
5864
Exchange: GTSM
Founded:
NT$1,816,801,728
237,490,422
Website: http://www.wintan.com.tw
Address: Concord International Securities Co., Ltd
No. 10, Ximen Road,
Section 10,
Tainan,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5864 Common Stock Taipei Exchange TW TWD 16. Apr 2009
Number of employees
Current staff
Staff numbers
220
Concord International Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 16:08
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.