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CTCI Advanced Systems

GTSM:5209
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5209
GTSM
NT$1B
Market Cap
  1. Home
  2. TW
  3. Software
Company description

CTCI Advanced Systems Inc. provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally. The last earnings update was 24 days ago. More info.


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5209 Share Price and Events
7 Day Returns
4.9%
GTSM:5209
3.2%
TW IT
-0.5%
TW Market
1 Year Returns
14.6%
GTSM:5209
-5.3%
TW IT
-10.7%
TW Market
5209 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CTCI Advanced Systems (5209) 4.9% -7.8% 0% 14.6% 16.5% -3.5%
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
  • 5209 outperformed the IT industry which returned -5.3% over the past year.
  • 5209 outperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
5209
Industry
5yr Volatility vs Market

Value

 Is CTCI Advanced Systems 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 CTCI Advanced Systems 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 CTCI Advanced Systems.

GTSM:5209 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in TWD NT$ 2.970000
Payout Ratio Company Filings (2019-12-31) 8236%
Discount Rate (Cost of Equity) See below 6.9%
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:5209
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%) (1.25%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (0.991 * 6.21%)
6.87%

Discounted Cash Flow Calculation for GTSM:5209 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for CTCI Advanced Systems is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

GTSM:5209 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$2.97 / (6.87% - 0.71%)
NT$48.24
GTSM:5209 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$48.24
Current discount Discount to share price of NT$49.50
= -1 x (NT$49.50 - NT$48.24) / NT$48.24
-2.6%

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

  • The current share price of CTCI Advanced Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CTCI Advanced Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CTCI Advanced Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5209 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$3.19
GTSM:5209 Share Price ** GTSM (2020-04-01) in TWD NT$49.5
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 CTCI Advanced Systems.

GTSM:5209 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5209 Share Price ÷ EPS (both in TWD)

= 49.5 ÷ 3.19

15.52x

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

  • CTCI Advanced Systems is overvalued based on earnings compared to the TW IT industry average.
  • CTCI Advanced Systems is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does CTCI Advanced Systems's expected growth come at a high price?
Raw Data
GTSM:5209 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.52x
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 CTCI Advanced Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CTCI Advanced Systems's assets?
Raw Data
GTSM:5209 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$24.10
GTSM:5209 Share Price * GTSM (2020-04-01) in TWD NT$49.5
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:5209 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5209 Share Price ÷ Book Value per Share (both in TWD)

= 49.5 ÷ 24.10

2.05x

* Primary Listing of CTCI Advanced Systems.

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

  • CTCI Advanced Systems is overvalued based on assets compared to the TW IT industry average.
X
Value checks
We assess CTCI Advanced Systems'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. CTCI Advanced Systems 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.

Future Performance

 How is CTCI Advanced Systems 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 CTCI Advanced Systems 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 CTCI Advanced Systems expected to grow at an attractive rate?
  • Unable to compare CTCI Advanced Systems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CTCI Advanced Systems's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare CTCI Advanced Systems's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5209 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:5209 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:5209 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,035 116 75
2019-09-30 1,135 31 77
2019-06-30 1,203 180 81
2019-03-31 1,284 103 77
2018-12-31 1,407 56 76
2018-09-30 1,514 101 73
2018-06-30 1,606 -10 71
2018-03-31 1,526 190 76
2017-12-31 1,338 265 76
2017-09-30 1,124 235 78
2017-06-30 979 295 76
2017-03-31 1,042 303 74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CTCI Advanced Systems is high growth as no earnings estimate data is available.
  • Unable to determine if CTCI Advanced Systems 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:5209 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 CTCI Advanced Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5209 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 3.19
2019-09-30 3.30
2019-06-30 3.46
2019-03-31 3.28
2018-12-31 3.25
2018-09-30 3.10
2018-06-30 3.04
2018-03-31 3.25
2017-12-31 3.23
2017-09-30 3.33
2017-06-30 3.25
2017-03-31 3.14

*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 CTCI Advanced Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

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

GTSM:5209 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 1,035.37 74.94 78.71 14.63
2019-09-30 1,134.88 77.49 82.91 17.55
2019-06-30 1,203.20 81.27 84.15 19.48
2019-03-31 1,283.63 76.99 83.11 18.58
2018-12-31 1,407.45 76.24 86.47 17.95
2018-09-30 1,513.55 72.73 89.29 14.22
2018-06-30 1,606.41 71.48 96.47 10.79
2018-03-31 1,525.77 76.41 102.47 9.90
2017-12-31 1,337.66 75.89 104.32 8.30
2017-09-30 1,124.26 78.20 104.70 9.29
2017-06-30 979.01 76.45 101.54 10.16
2017-03-31 1,042.02 73.79 99.58 10.44
2016-12-31 1,138.97 72.41 100.50 12.62
2016-09-30 1,281.88 74.90 98.36 12.59
2016-06-30 1,345.01 78.72 96.63 20.13
2016-03-31 1,355.83 76.46 93.21 18.67
2015-12-31 1,445.91 79.75 88.62 17.04
2015-09-30 1,552.27 79.32 87.59 19.64
2015-06-30 1,501.12 76.39 88.16 12.09
2015-03-31 1,461.74 77.03 90.51 14.81
2014-12-31 1,353.83 79.60 90.43 16.29
2014-09-30 1,200.99 84.31 96.09 14.91
2014-06-30 1,177.85 96.58 97.51 15.54
2014-03-31 1,141.99 106.91 97.49 15.43
2013-12-31 1,122.98 98.35 96.89 14.95
2013-09-30 1,032.11 89.47 92.13 14.87
2013-06-30 1,092.39 98.15 90.72 16.19

*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.
  • CTCI Advanced Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CTCI Advanced Systems used its assets more efficiently than the TW IT industry average last year based on Return on Assets.
  • CTCI Advanced Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CTCI Advanced Systems'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.
CTCI Advanced Systems has a total score of 1/6, 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 CTCI Advanced Systems'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 CTCI Advanced Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CTCI Advanced Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CTCI Advanced Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CTCI Advanced Systems'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 not covered by short term assets, assets are -5.7148934126474E+17x 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 CTCI Advanced Systems Company Filings, last reported 3 months ago.

GTSM:5209 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 566.14 0.00 664.39
2019-09-30 547.27 0.00 653.38
2019-06-30 534.42 0.00 735.72
2019-03-31 571.65 0.00 710.54
2018-12-31 544.52 0.00 710.74
2018-09-30 532.81 0.00 545.11
2018-06-30 512.50 0.00 590.00
2018-03-31 557.94 0.00 717.52
2017-12-31 540.00 0.00 709.27
2017-09-30 522.78 0.00 489.63
2017-06-30 504.11 0.00 683.41
2017-03-31 540.17 0.00 567.07
2016-12-31 523.76 0.00 494.93
2016-09-30 511.60 0.00 341.78
2016-06-30 496.12 0.00 449.92
2016-03-31 532.43 0.00 364.19
2015-12-31 516.39 0.00 487.35
2015-09-30 496.23 0.00 358.27
2015-06-30 484.23 0.00 495.54
2015-03-31 528.01 0.00 556.05
2014-12-31 507.78 0.00 609.39
2014-09-30 495.73 0.00 694.54
2014-06-30 475.42 0.00 738.73
2014-03-31 551.47 0.00 681.05
2013-12-31 530.14 0.00 742.53
2013-09-30 495.32 0.00 537.46
2013-06-30 454.11 0.00 723.47
  • CTCI Advanced Systems's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if CTCI Advanced Systems's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • CTCI Advanced Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess CTCI Advanced Systems'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. CTCI Advanced Systems 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.

Dividends

 What is CTCI Advanced Systems'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%
Current annual income from CTCI Advanced Systems dividends.
If you bought NT$2,000 of CTCI Advanced Systems shares you are expected to receive NT$120 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?
  • CTCI Advanced Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • CTCI Advanced Systems'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:5209 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:5209 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-23 2.970 6.308
2020-03-10 2.970 6.191
2019-03-26 2.780 6.182
2019-01-15 2.780 6.574
2018-03-21 2.880 6.497
2017-03-31 2.510 5.587
2016-03-29 2.530 6.282
2015-07-13 2.527 5.914
2015-03-20 2.530 5.023
2014-11-13 4.260 7.951
2014-08-13 4.260 7.520
2014-05-15 4.260 6.635
2013-03-28 4.520 8.052
2012-04-30 5.420 8.452
2012-03-27 5.420 7.810
2011-05-03 4.020 6.676
2011-03-31 4.020 6.357
2011-01-17 4.020 6.252
2010-10-29 2.980 4.715
2010-04-30 3.010 5.076
2010-03-30 2.980 4.311
2009-04-30 1.000 3.251

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 CTCI Advanced Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x 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 CTCI Advanced Systems'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 CTCI Advanced Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CTCI Advanced Systems has a total score of 2/6, 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 CTCI Advanced Systems'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
Chen-Chin Chen
TENURE AS CEO 2.8 years
CEO Bio

Mr. Chen-Chin Chen is Director of CTCI Advanced Systems Inc and is its President since June 22, 2017. He was the Chairman at CTCI Advanced Systems Inc. since June 22, 2017 until December 11, 2018 and served as Vice President from June 22, 2011 to June 22, 2017. He holds Degree of Master of Mechanical Engineering and Degree of Bachelor of Mechanical Engineering from National Central University. His experience includes Section Manager of CTCI Piping Department, Deputy Manager of CTCI Innovation R&D Center, General Manager of CTCI Innovation R&D Center, Vice President at ASi, Chairman of Century Ahead Limited and Chairman of CTCI Advanced Systems Shanghai Inc. Mr. Chen holds Bachelor's Degree and Master's Degree in Mechanical Engineering from National Central University.

CEO Compensation
  • Insufficient data for Chen-Chin to compare compensation growth.
  • Insufficient data for Chen-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 CTCI Advanced Systems management team in years:

4.9
Average Tenure
  • The tenure for the CTCI Advanced Systems management team is about average.
Management Team

Chen-Chin Chen

TITLE
President & Director
TENURE
2.8 yrs

Pai-Chen Soong

TITLE
Finance Manager
TENURE
7.3 yrs

Shirley Hsu

TITLE
Accounting Manager
TENURE
4.4 yrs

Kevin O'hara

TITLE
Executive Vice President of Sales & Marketing
TENURE
5.3 yrs

Jen-Chwan Lee

TITLE
Chief Engineer

Albert Tsao

TITLE
Chief Engineer

Bruce Lin

TITLE
Chief Engineer

Kuo-Chun Chang

TITLE
Chief Engineer

Shu-Jen Tu

TITLE
Chief Engineer

John Fann

TITLE
Chief Engineer
Board of Directors Tenure

Average tenure of the CTCI Advanced Systems board of directors in years:

5.8
Average Tenure
  • The tenure for the CTCI Advanced Systems board of directors is about average.
Board of Directors

Steve Yu

TITLE
Chairman
TENURE
1.3 yrs

Chen-Chin Chen

TITLE
President & Director
TENURE
2.8 yrs

Ray Chang

TITLE
Independent Director
TENURE
5.8 yrs

Hou-Sheng Chan

TITLE
Director
TENURE
11.8 yrs

Bao-Lang Chen

TITLE
Director
TENURE
8.7 yrs

Hung-I Chen

TITLE
Director
TENURE
6.8 yrs

Amy Li

TITLE
Independent Director
TENURE
5.8 yrs

Shyue-Ching Lu

TITLE
Director
AGE
70
TENURE
2.8 yrs

Wen-Nan Tsan

TITLE
Independent Director
TENURE
2.8 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 CTCI Advanced Systems'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. CTCI Advanced Systems 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

CTCI Advanced Systems Inc. provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally. It operates through Service Department and Sales Department segments. The company provides main automation contractor services in the areas of project planning, design, procurement, installation, test, commissioning, start up, and running or turnkey projects. It also offers railway electrical and mechanical (E&M) solutions, such as signaling, telecommunications, SCADA, and related information system solutions; airport and satellite E&M services for airport terminal, airfield runway, and satellite industries; and hi-tech plant E&M services for wafer, electro-optical, display glass, or bio-tech plants. In addition, the company provides process simulation and IT systems, including process optimization, energy saving and waste reduction, facility reliability, and plant safety and emergency planning products and services, as well as distributes and maintains SmartPlant P&ID intelligent solutions, plant EPC projects engineering information management solutions, and visualize plant's engineering information management solutions. Further, it offers smart water network platform integrated with GIS to manage and monitor water network; cyber security software for detecting the abnormal signs caused by equipment malfunction, operational mistake, and cyber-attack; construction safety management platform; and rotary machine predictive maintenance platform to collect sound and vibration data of rotary machines, and build baseline models to analyze machine condition. Additionally, the company distributes NovaTech D/3 DCS and batch control management systems; Intergraph Process, Power & Marine - PP&M products and solutions; AspenTech process optimization software; and Mr. Energy 50001, an energy information management system platform. The company was founded in 1987 and is headquartered in Taipei, Taiwan.

Details
Name: CTCI Advanced Systems Inc.
5209
Exchange: GTSM
Founded: 1987
NT$1,162,829,250
23,491,500
Website: http://www.acs.com.tw
Address: CTCI Advanced Systems Inc.
No. 52, Nangang Road,
5th Floor,
Taipei,
11510,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5209 Common Stock Taipei Exchange TW TWD 25. Feb 2002
Number of employees
Current staff
Staff numbers
0
CTCI Advanced Systems employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 16:41
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/10
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.