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Scan-D

GTSM:6195
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6195
GTSM
NT$1B
Market Cap
  1. Home
  2. TW
  3. Retail
Company description

Scan-D Corporation sells furniture, kitchen appliances, furnishings, and beddings in Taiwan. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Scan-D has significant price volatility in the past 3 months.
6195 Share Price and Events
7 Day Returns
-0.2%
GTSM:6195
-0.3%
TW Specialty Retail
-0.2%
TW Market
1 Year Returns
-38.2%
GTSM:6195
16.8%
TW Specialty Retail
-10.7%
TW Market
6195 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Scan-D (6195) -0.2% -22.4% -24.9% -38.2% -48% -61.3%
TW Specialty Retail -0.3% -19.5% -26.6% 16.8% 18.8% -4.2%
TW Market -0.2% -14.9% -19.2% -10.7% -4.1% -0.7%
1 Year Return vs Industry and Market
  • 6195 underperformed the Specialty Retail industry which returned 16.8% over the past year.
  • 6195 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
6195
Industry
5yr Volatility vs Market

6195 Value

 Is Scan-D 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 Scan-D 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 Scan-D.

GTSM:6195 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
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:6195
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 20%) (97.82%))
1.209
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.209 * 6.21%)
8.22%

Discounted Cash Flow Calculation for GTSM:6195 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Scan-D is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:6195 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 8.22%)
2020 553.47 Est @ 34.21% 511.43
2021 687.19 Est @ 24.16% 586.76
2022 804.86 Est @ 17.12% 635.03
2023 903.06 Est @ 12.2% 658.39
2024 982.10 Est @ 8.75% 661.63
2025 1,044.37 Est @ 6.34% 650.13
2026 1,092.94 Est @ 4.65% 628.69
2027 1,130.86 Est @ 3.47% 601.09
2028 1,160.72 Est @ 2.64% 570.10
2029 1,184.66 Est @ 2.06% 537.65
Present value of next 10 years cash flows NT$6,040.00
GTSM:6195 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$1,184.66 × (1 + 0.71%) ÷ (8.22% – 0.71%)
NT$15,885.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$15,885.63 ÷ (1 + 8.22%)10
NT$7,209.66
GTSM:6195 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$6,040.00 + NT$7,209.66
NT$13,249.66
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$13,249.66 / 46.13
NT$287.21
GTSM:6195 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$287.21
Current discount Discount to share price of NT$28.00
= -1 x (NT$28.00 - NT$287.21) / NT$287.21
90.3%

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

Current Discount
Amount off the current price Scan-D is available for.
Intrinsic value
>50%
Share price is NT$28 vs Future cash flow value of NT$287.21
Current Discount Checks
For Scan-D to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Scan-D's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Scan-D'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 Scan-D's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Scan-D's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:6195 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$2.25
GTSM:6195 Share Price ** GTSM (2020-04-06) in TWD NT$28
Taiwan, Province of China Specialty Retail Industry PE Ratio Median Figure of 13 Publicly-Listed Specialty Retail Companies 14.29x
Taiwan, Province of China Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 14.01x

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

** Primary Listing of Scan-D.

GTSM:6195 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:6195 Share Price ÷ EPS (both in TWD)

= 28 ÷ 2.25

12.47x

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

  • Scan-D is good value based on earnings compared to the TW Specialty Retail industry average.
  • Scan-D is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Scan-D's expected growth come at a high price?
Raw Data
GTSM:6195 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Specialty Retail Industry PEG Ratio Median Figure of 83 Publicly-Listed Specialty Retail Companies 0.9x
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 Scan-D, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Scan-D's assets?
Raw Data
GTSM:6195 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$21.82
GTSM:6195 Share Price * GTSM (2020-04-06) in TWD NT$28
Taiwan, Province of China Specialty Retail Industry PB Ratio Median Figure of 14 Publicly-Listed Specialty Retail Companies 1.35x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:6195 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:6195 Share Price ÷ Book Value per Share (both in TWD)

= 28 ÷ 21.82

1.28x

* Primary Listing of Scan-D.

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

  • Scan-D is good value based on assets compared to the TW Specialty Retail industry average.
X
Value checks
We assess Scan-D'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Scan-D 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.

6195 Future Performance

 How is Scan-D 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 Scan-D 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
8.2%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Scan-D expected to grow at an attractive rate?
  • Unable to compare Scan-D's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Scan-D's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Scan-D's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:6195 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:6195 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:6195 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:6195 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,829 460 104
2019-09-30 1,694 250 94
2019-06-30 1,634 194 113
2019-03-31 1,607 184 133
2018-12-31 1,704 172 168
2018-09-30 1,755 216 194
2018-06-30 1,812 283 217
2018-03-31 1,844 256 231
2017-12-31 1,805 227 219
2017-09-30 1,793 288 209
2017-06-30 1,709 272 183
2017-03-31 1,674 303 172

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Scan-D is high growth as no earnings estimate data is available.
  • Unable to determine if Scan-D 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:6195 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 Scan-D Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6195 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:6195 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 2.25
2019-09-30 2.05
2019-06-30 2.45
2019-03-31 2.88
2018-12-31 3.67
2018-09-30 4.31
2018-06-30 4.90
2018-03-31 5.29
2017-12-31 5.05
2017-09-30 4.83
2017-06-30 4.26
2017-03-31 3.99

*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 Scan-D will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Scan-D is trading at Scan-D'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. Scan-D'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 Retail 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 Scan-D'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.
Scan-D 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.

6195 Past Performance

  How has Scan-D 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 Scan-D's growth in the last year to its industry (Specialty Retail).
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.
  • Scan-D's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Scan-D's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Scan-D's 1-year earnings growth is negative, it can't be compared to the TW Specialty Retail industry average.
Earnings and Revenue History
Scan-D'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 Scan-D Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6195 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 1,828.64 103.58 888.08
2019-09-30 1,694.01 94.47 810.69
2019-06-30 1,634.22 112.86 755.79
2019-03-31 1,606.60 132.91 719.85
2018-12-31 1,703.69 167.57 742.17
2018-09-30 1,754.82 194.23 755.29
2018-06-30 1,812.50 217.36 760.56
2018-03-31 1,843.92 231.10 763.23
2017-12-31 1,805.34 218.78 750.31
2017-09-30 1,792.99 208.79 740.94
2017-06-30 1,708.82 183.40 718.59
2017-03-31 1,674.16 171.56 705.89
2016-12-31 1,637.95 164.02 693.13
2016-09-30 1,589.57 159.89 674.29
2016-06-30 1,573.63 158.22 673.48
2016-03-31 1,576.82 175.03 679.09
2015-12-31 1,586.69 190.88 691.57
2015-09-30 1,616.26 207.39 709.90
2015-06-30 1,701.86 249.45 730.53
2015-03-31 1,712.19 261.91 725.78
2014-12-31 1,707.83 268.68 717.52
2014-09-30 1,698.34 278.84 706.33
2014-06-30 1,679.30 283.86 693.59
2014-03-31 1,649.44 278.82 687.45
2013-12-31 1,626.18 277.31 682.37
2013-09-30 1,562.92 254.37 668.18
2013-06-30 1,502.43 233.37 655.41

*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.
  • Scan-D has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Scan-D used its assets less efficiently than the TW Specialty Retail industry average last year based on Return on Assets.
  • Scan-D's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Scan-D'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 Specialty Retail 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.
Scan-D has a total score of 0/6, 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.

6195 Health

 How is Scan-D'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 Scan-D's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Scan-D's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Scan-D's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Scan-D'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 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 Scan-D Company Filings, last reported 3 months ago.

GTSM:6195 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,008.96 426.79 228.94
2019-09-30 959.26 558.28 191.02
2019-06-30 941.71 440.09 213.18
2019-03-31 1,068.51 197.70 130.02
2018-12-31 1,042.74 198.57 80.04
2018-09-30 1,001.75 199.42 74.86
2018-06-30 963.99 202.58 260.23
2018-03-31 1,104.73 213.47 223.92
2017-12-31 979.14 279.05 152.94
2017-09-30 869.97 315.37 88.31
2017-06-30 809.47 321.33 145.57
2017-03-31 874.97 342.63 138.20
2016-12-31 826.86 483.31 236.79
2016-09-30 754.44 431.05 44.92
2016-06-30 719.33 420.00 124.57
2016-03-31 839.10 420.00 78.07
2015-12-31 798.53 460.00 92.18
2015-09-30 745.00 460.00 36.37
2015-06-30 711.55 420.00 257.73
2015-03-31 950.39 420.00 277.18
2014-12-31 893.98 420.00 225.49
2014-09-30 823.93 420.00 384.63
2014-06-30 748.42 420.00 330.16
2014-03-31 897.79 420.00 302.79
2013-12-31 834.60 420.00 279.57
2013-09-30 754.39 420.00 235.02
2013-06-30 673.86 420.00 311.45
  • Scan-D's level of debt (42.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.9% vs 42.3% today).
  • Debt is well covered by operating cash flow (107.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Scan-D'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. Scan-D has a total score of 4/6, 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.

6195 Dividends

 What is Scan-D'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
6.43%
Current annual income from Scan-D dividends.
If you bought NT$2,000 of Scan-D shares you are expected to receive NT$129 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?
  • Scan-D's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Scan-D's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (6.93%).
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:6195 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.3%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1330 Stocks 4.6%
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:6195 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
GTSM:6195 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-27 1.800 6.406
2020-03-23 1.800 6.705
2019-03-25 3.000 7.717
2018-03-27 3.940 8.061
2017-08-11 2.970 5.237
2017-03-29 2.970 5.320
2017-03-23 2.970 5.752
2016-03-30 3.500 7.300
2015-08-12 5.100 10.422
2015-03-30 5.100 7.900
2014-05-09 4.762 5.707
2013-03-21 3.628 4.376
2012-03-21 3.887 8.587
2011-08-25 1.728 3.897
2011-04-29 1.728 3.571
2010-11-01 0.000 0.000
2010-03-26 0.000 0.000
2009-04-30 0.432 2.775

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 Scan-D's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 Scan-D'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 Scan-D afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Scan-D 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.

6195 Management

 What is the CEO of Scan-D'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
Pok-Chin Lim
TENURE AS CEO 10 years
CEO Bio

Mr. Pok-Chin Lim serves as Director at Redwood Group Ltd. Mr. Lim serves as General Manager at Scan-D Corporation since June 4, 2010 and its a Director since June 25, 2010 and serves as its Chairman. His Experience : Chairperson at Hawaii Furnishing Pte Ltd. and St. Joseph's Anglo-Chinese School. Other Positions are Chairperson at Hawaii Furnishing Pte Ltd, YiCHia Investment, Director at Redwood Interior Pte Ltd, Director at JieBiShen Holding. He is representative to the Chairman of Scanteak Company, Chairman of Hawaii Furnishing Pte Ltd, Vice Chairman of Council of Asia Pacific Furniture and Association Chairman of Singapore Furniture Association.

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

Average tenure of the Scan-D management team in years:

7.8
Average Tenure
  • The average tenure for the Scan-D management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pok-Chin Lim

TITLE
Chairman & GM
TENURE
10 yrs

San-Chuang Ho

TITLE
Chief Financial & Accounting Officer
TENURE
8.9 yrs

Hsiu-Chu Hsueh

TITLE
Vice General Manager
TENURE
6.6 yrs

Shu-Ling Huang

TITLE
Chief Auditor
TENURE
3.4 yrs

Jie-Ren Lim

TITLE
Assistant GM & Director
Board of Directors Tenure

Average tenure of the Scan-D board of directors in years:

4.8
Average Tenure
  • The tenure for the Scan-D board of directors is about average.
Board of Directors

Jie-Ren Lim

TITLE
Assistant GM & Director
TENURE
8.8 yrs

Chia-Cheng Wang

TITLE
Independent Director
TENURE
2.8 yrs

Pok-Chin Lim

TITLE
Chairman & GM

Khay-pin Neo

TITLE
Director
TENURE
9.8 yrs

Chung-Cheng Chen

TITLE
Independent Director
TENURE
8.8 yrs

Shin-Mo Lee

TITLE
Supervisor
TENURE
2.8 yrs

I-Yao Wang

TITLE
Supervisor
TENURE
4.8 yrs

Chih-Hung Liu

TITLE
Supervisor
TENURE
4.8 yrs
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 Scan-D'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. Scan-D 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.

6195 News

Simply Wall St News

6195 Company Info

Description

Scan-D Corporation sells furniture, kitchen appliances, furnishings, and beddings in Taiwan. Its product portfolio includes tables, chairs, couches, bedframes, mattresses, closets, dressers, and couch covers. The company was incorporated in 1995 and is headquartered in Taoyuan, Taiwan.

Details
Name: Scan-D Corporation
6195
Exchange: GTSM
Founded: 1995
NT$1,291,724,000
46,133,000
Website: http://www.topshine.tw
Address: Scan-D Corporation
No. 69, Dinghu 1st Street,
Guishan District,
Taoyuan,
33378,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 6195 Common Stock Taipei Exchange TW TWD 21. Oct 2002
Number of employees
Current staff
Staff numbers
466
Scan-D employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:10
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2018/03/22
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.