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K WAY Information

GTSM:5201
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5201
GTSM
NT$775M
Market Cap
  1. Home
  2. TW
  3. Software
Company description

K WAY Information Corporation provides software services to the financial industry in Taiwan. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • K WAY Information has significant price volatility in the past 3 months.
5201 Share Price and Events
7 Day Returns
-2.9%
GTSM:5201
3.2%
TW IT
-0.5%
TW Market
1 Year Returns
-9%
GTSM:5201
-5.3%
TW IT
-10.7%
TW Market
5201 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
K WAY Information (5201) -2.9% -17.2% -26.9% -9% 32.9% 63.4%
TW IT 3.2% -8.1% -8.4% -5.3% 18.6% 24.6%
TW Market -0.5% -14.8% -20.2% -10.7% -4.3% -0.2%
1 Year Return vs Industry and Market
  • 5201 underperformed the IT industry which returned -5.3% over the past year.
  • 5201 outperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
5201
Industry
5yr Volatility vs Market

5201 Value

 Is K WAY Information 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 K WAY Information 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 K WAY Information.

GTSM:5201 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 6.6%
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:5201
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
IT Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.893 (1 + (1- 20%) (4.82%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (0.951 * 6.21%)
6.62%

Discounted Cash Flow Calculation for GTSM:5201 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for K WAY Information 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:5201 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 6.62%)
2020 52.18 Est @ 0.96% 48.94
2021 52.64 Est @ 0.88% 46.31
2022 53.08 Est @ 0.83% 43.80
2023 53.50 Est @ 0.79% 41.41
2024 53.91 Est @ 0.77% 39.13
2025 54.32 Est @ 0.75% 36.98
2026 54.72 Est @ 0.74% 34.94
2027 55.12 Est @ 0.73% 33.01
2028 55.52 Est @ 0.72% 31.19
2029 55.92 Est @ 0.72% 29.46
Present value of next 10 years cash flows NT$385.00
GTSM:5201 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$55.92 × (1 + 0.71%) ÷ (6.62% – 0.71%)
NT$953.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$953.35 ÷ (1 + 6.62%)10
NT$502.32
GTSM:5201 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$385.00 + NT$502.32
NT$887.32
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$887.32 / 30.68
NT$28.93
GTSM:5201 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$28.93
Current discount Discount to share price of NT$25.25
= -1 x (NT$25.25 - NT$28.93) / NT$28.93
12.7%

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

Current Discount
Amount off the current price K WAY Information is available for.
Intrinsic value
13%
Share price is NT$25.25 vs Future cash flow value of NT$28.93
Current Discount Checks
For K WAY Information to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • K WAY Information's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • K WAY Information's share price is below the future cash flow value, but not 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 K WAY Information's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are K WAY Information's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5201 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$1.34
GTSM:5201 Share Price ** GTSM (2020-04-01) in TWD NT$25.25
Taiwan, Province of China IT Industry PE Ratio Median Figure of 19 Publicly-Listed IT Companies 13.43x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

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

** Primary Listing of K WAY Information.

GTSM:5201 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5201 Share Price ÷ EPS (both in TWD)

= 25.25 ÷ 1.34

18.84x

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

  • K WAY Information is overvalued based on earnings compared to the TW IT industry average.
  • K WAY Information is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does K WAY Information's expected growth come at a high price?
Raw Data
GTSM:5201 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia IT Industry PEG Ratio Median Figure of 114 Publicly-Listed IT Companies 1.43x
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 K WAY Information, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on K WAY Information's assets?
Raw Data
GTSM:5201 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$11.17
GTSM:5201 Share Price * GTSM (2020-04-01) in TWD NT$25.25
Taiwan, Province of China IT Industry PB Ratio Median Figure of 21 Publicly-Listed IT Companies 1.91x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:5201 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5201 Share Price ÷ Book Value per Share (both in TWD)

= 25.25 ÷ 11.17

2.26x

* Primary Listing of K WAY Information.

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

  • K WAY Information is overvalued based on assets compared to the TW IT industry average.
X
Value checks
We assess K WAY Information'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. K WAY Information has a total score of 0/6, 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.

5201 Future Performance

 How is K WAY Information 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 K WAY Information 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
13.5%
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is K WAY Information expected to grow at an attractive rate?
  • Unable to compare K WAY Information's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare K WAY Information's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare K WAY Information's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5201 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia IT Industry Earnings Growth Rate Market Cap Weighted Average 13.5%
Asia IT Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
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:5201 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:5201 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 201 57 41
2019-09-30 203 72 40
2019-06-30 225 29 36
2019-03-31 226 42 30
2018-12-31 251 58 41
2018-09-30 250 44 42
2018-06-30 233 49 38
2018-03-31 232 34 33
2017-12-31 208 7 6
2017-09-30 215 18 5
2017-06-30 228 6 8
2017-03-31 220 -8 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if K WAY Information is high growth as no earnings estimate data is available.
  • Unable to determine if K WAY Information 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:5201 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 K WAY Information Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5201 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 1.34
2019-09-30 1.31
2019-06-30 1.17
2019-03-31 0.96
2018-12-31 1.35
2018-09-30 1.37
2018-06-30 1.25
2018-03-31 1.08
2017-12-31 0.21
2017-09-30 0.16
2017-06-30 0.29
2017-03-31 -0.20

*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 K WAY Information will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine K WAY Information's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. K WAY Information'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 Software 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 K WAY Information'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.
K WAY Information 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.

5201 Past Performance

  How has K WAY Information 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 K WAY Information's growth in the last year to its industry (IT).
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.
  • K WAY Information's year on year earnings growth rate has been positive over the past 5 years.
  • K WAY Information's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • K WAY Information's 1-year earnings growth is negative, it can't be compared to the TW IT industry average.
Earnings and Revenue History
K WAY Information'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 K WAY Information Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5201 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 200.97 41.05 57.00 27.03
2019-09-30 203.06 40.16 61.90 30.28
2019-06-30 225.17 35.93 61.82 30.44
2019-03-31 225.55 29.55 61.44 33.15
2018-12-31 251.44 41.48 62.50 32.38
2018-09-30 249.74 41.91 60.28 33.05
2018-06-30 232.79 37.87 55.55 36.29
2018-03-31 231.54 32.63 52.08 39.08
2017-12-31 207.64 6.35 52.42 43.79
2017-09-30 215.33 4.71 54.00 47.74
2017-06-30 227.58 8.50 56.26 48.40
2017-03-31 220.42 -5.94 53.94 51.02
2016-12-31 226.65 -0.94 51.01 51.40
2016-09-30 226.77 0.16 51.48 54.17
2016-06-30 225.78 10.20 54.08 54.95
2016-03-31 232.66 18.98 57.63 54.64
2015-12-31 258.26 37.01 58.07 55.28
2015-09-30 255.87 42.82 59.92 51.52
2015-06-30 251.17 25.56 57.41 49.36
2015-03-31 272.20 41.68 58.01 47.69
2014-12-31 259.14 36.48 57.40 47.62
2014-09-30 250.57 14.01 50.47 48.08
2014-06-30 248.97 28.13 53.76 50.63
2014-03-31 228.48 14.90 49.64 45.88
2013-12-31 214.20 41.87 52.07 40.34
2013-09-30 221.30 58.68 52.13 37.25
2013-06-30 223.70 50.87 47.10 32.00

*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.
  • K WAY Information has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • K WAY Information used its assets more efficiently than the TW IT industry average last year based on Return on Assets.
  • K WAY Information has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess K WAY Information'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 IT 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.
K WAY Information has a total score of 3/6, 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.

5201 Health

 How is K WAY Information'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 K WAY Information's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • K WAY Information is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • K WAY Information's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of K WAY Information'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.
  • K WAY Information has no debt, it does not need to be covered by short term assets.
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 K WAY Information Company Filings, last reported 3 months ago.

GTSM:5201 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 340.87 0.00 368.01
2019-09-30 351.37 0.00 335.05
2019-06-30 342.97 0.00 351.53
2019-03-31 374.35 0.00 334.90
2018-12-31 373.59 0.00 350.80
2018-09-30 362.89 0.00 317.71
2018-06-30 354.53 0.00 332.12
2018-03-31 355.51 0.00 311.92
2017-12-31 346.45 0.00 269.43
2017-09-30 331.38 0.00 239.48
2017-06-30 306.76 0.00 208.33
2017-03-31 307.57 0.00 201.88
2016-12-31 316.95 0.00 235.78
2016-09-30 304.46 0.00 205.71
2016-06-30 295.28 0.00 229.36
2016-03-31 342.12 0.00 246.19
2015-12-31 350.34 0.00 263.82
2015-09-30 340.62 0.00 237.75
2015-06-30 350.74 0.00 223.09
2015-03-31 355.41 0.00 217.45
2014-12-31 344.39 0.00 235.11
2014-09-30 339.94 0.00 228.49
2014-06-30 344.24 0.00 255.74
2014-03-31 366.10 0.00 231.80
2013-12-31 365.19 0.00 227.41
2013-09-30 353.06 0.00 211.26
2013-06-30 336.00 0.00 114.26
  • K WAY Information has no debt.
  • K WAY Information has not taken on any debt in the past 5 years.
  • K WAY Information has no debt, it does not need to be covered by operating cash flow.
  • K WAY Information has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess K WAY Information'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. K WAY Information has a total score of 6/6, 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.

5201 Dividends

 What is K WAY Information'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
5.54%
Current annual income from K WAY Information dividends.
If you bought NT$2,000 of K WAY Information shares you are expected to receive NT$111 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?
  • K WAY Information's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • K WAY Information's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (7.04%).
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:5201 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 IT Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 5%
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 7%

Industry and Market average data is calculated daily.

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

GTSM:5201 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-14 1.400 4.853
2019-03-28 1.400 5.012
2019-03-27 1.400 5.176
2018-05-15 0.300 0.997
2018-05-14 0.000 0.000
2018-03-29 0.300 0.819
2018-03-28 0.000 0.000
2017-11-13 0.000 0.000
2017-11-10 0.000 0.000
2017-08-14 0.000 0.000
2017-08-10 0.000 0.000
2017-05-12 0.000 0.000
2017-05-11 0.000 0.000
2017-03-30 0.000 0.000
2016-03-30 1.100 6.270
2015-03-31 1.100 8.372
2014-05-15 1.000 6.700
2014-03-31 1.000 5.988
2013-08-12 0.050 0.354
2013-03-29 0.050 0.378
2013-03-27 0.050 0.502

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

  • K WAY Information has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but K WAY Information only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of K WAY Information'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 K WAY Information'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 K WAY Information afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. K WAY Information has a total score of 1/6, see the detailed checks below.


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

5201 Management

 What is the CEO of K WAY Information'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.
  • K WAY Information has no CEO, or we have no data on them.
Management Team
Board of Directors
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 K WAY Information'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. K WAY Information 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.

5201 News

Simply Wall St News

5201 Company Info

Description

K WAY Information Corporation provides software services to the financial industry in Taiwan. It offers securities business and futures business solutions, such as trading systems, settlement and clearing management systems, order management systems, gateway systems, online trading systems, mobile trading systems, single machines, and quote service systems. The company also provides banking solutions, including Loan Collection Management System that provides overdue receivable management for regular loan, credit card balance, cash card balance, restructured loan, and outsourcing handling. K WAY Information Corporation was founded in 1985 and is based in Taipei, Taiwan.

Details
Name: K WAY Information Corporation
5201
Exchange: GTSM
Founded: 1985
NT$774,543,750
30,675,000
Website: http://www.kway.com.tw
Address: K WAY Information Corporation
No.35, Lane 11,
5th Floor,
Taipei,
105,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5201 Common Stock Taipei Exchange TW TWD 12. Oct 2000
Number of employees
Current staff
Staff numbers
143
K WAY Information employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 15:42
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/19
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.