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Azion

GTSM:6148
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6148
GTSM
NT$368M
Market Cap
  1. Home
  2. TW
  3. Software
Company description

Azion Corporation provides information, communication, Internet, telecommunications, broadband, traffic control, and cloud applications services in Taiwan. The last earnings update was 5 days ago. More info.


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  • Azion has significant price volatility in the past 3 months.
6148 Share Price and Events
7 Day Returns
2%
GTSM:6148
3.2%
TW IT
-0.5%
TW Market
1 Year Returns
-33.7%
GTSM:6148
-5.3%
TW IT
-10.7%
TW Market
6148 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Azion (6148) 2% -13.1% -19.8% -33.7% -25.6% -56.4%
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
  • 6148 underperformed the IT industry which returned -5.3% over the past year.
  • 6148 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
6148
Industry
5yr Volatility vs Market

6148 Value

 Is Azion 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 Azion 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 Azion.

GTSM:6148 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$ .970000
Payout Ratio Company Filings (2019-12-31) 15328.8%
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:6148
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%) (56.36%))
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:6148 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Azion 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:6148 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$0.97 / (6.87% - 0.71%)
NT$9.94
GTSM:6148 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$9.94
Current discount Discount to share price of NT$8.06
= -1 x (NT$8.06 - NT$9.94) / NT$9.94
18.9%

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

Current Discount
Amount off the current price Azion is available for.
Intrinsic value
19%
Share price is NT$8.06 vs Future cash flow value of NT$9.94
Current Discount Checks
For Azion to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Azion's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Azion'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 Azion's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Azion's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:6148 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.60
GTSM:6148 Share Price ** GTSM (2020-04-01) in TWD NT$8.06
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 Azion.

GTSM:6148 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:6148 Share Price ÷ EPS (both in TWD)

= 8.06 ÷ 0.60

13.43x

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

  • Azion is good value based on earnings compared to the TW IT industry average.
  • Azion is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Azion's expected growth come at a high price?
Raw Data
GTSM:6148 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.43x
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 Azion, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Azion's assets?
Raw Data
GTSM:6148 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$10.83
GTSM:6148 Share Price * GTSM (2020-04-01) in TWD NT$8.06
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:6148 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:6148 Share Price ÷ Book Value per Share (both in TWD)

= 8.06 ÷ 10.83

0.74x

* Primary Listing of Azion.

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

  • Azion is good value based on assets compared to the TW IT industry average.
X
Value checks
We assess Azion'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. Azion has a total score of 3/6, 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.

6148 Future Performance

 How is Azion 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 Azion 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 Azion expected to grow at an attractive rate?
  • Unable to compare Azion's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Azion's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Azion's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:6148 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:6148 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:6148 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 707 62 27
2019-09-30 789 67 33
2019-06-30 786 66 38
2019-03-31 443 -9 40
2018-12-31 703 -158 50
2018-09-30 574 102 46
2018-06-30 652 457 74
2018-03-31 634 431 72
2017-12-31 486 788 121
2017-09-30 541 472 180
2017-06-30 433 423 163
2017-03-31 -1,353 685 158

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Azion is high growth as no earnings estimate data is available.
  • Unable to determine if Azion 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:6148 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 Azion Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6148 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.60
2019-09-30 0.73
2019-06-30 0.85
2019-03-31 0.88
2018-12-31 1.10
2018-09-30 0.97
2018-06-30 1.58
2018-03-31 1.54
2017-12-31 2.57
2017-09-30 3.83
2017-06-30 3.47
2017-03-31 3.36

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

Next steps:

  1. Examine whether Azion is trading at Azion'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. Azion'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 Azion'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.
Azion 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.

6148 Past Performance

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

GTSM:6148 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 707.13 27.39 77.27 6.50
2019-09-30 788.78 32.53 81.71 6.17
2019-06-30 786.37 38.12 84.49 5.74
2019-03-31 443.29 39.99 82.41 5.51
2018-12-31 702.72 50.33 83.60 5.92
2018-09-30 573.96 45.67 73.66 7.14
2018-06-30 651.94 74.31 72.15 8.56
2018-03-31 634.05 72.43 75.89 9.23
2017-12-31 485.56 120.57 75.91 7.82
2017-09-30 541.09 180.21 74.43 6.16
2017-06-30 432.79 162.96 72.74 3.65
2017-03-31 -1,353.42 158.05 -16.95 1.81
2016-12-31 386.59 104.61 66.31 1.41
2016-09-30 2,000.10 8.22 121.85 0.69
2016-06-30 3,447.13 -4.48 192.07 0.58
2016-03-31 6,239.83 -3.59 321.24 0.43
2015-12-31 5,407.65 2.84 261.41 0.43
2015-09-30 5,305.60 44.65 270.96 0.44
2015-06-30 5,041.21 46.50 249.20 0.33
2015-03-31 5,302.60 45.24 258.89 0.23
2014-12-31 5,309.91 45.88 303.50 0.13
2014-09-30 5,736.15 60.90 313.30 0.02
2014-06-30 5,721.56 50.31 352.91 0.04
2014-03-31 5,707.45 55.56 355.03 0.07
2013-12-31 5,516.62 53.86 352.01 0.09
2013-09-30 5,358.13 28.90 380.85 0.11
2013-06-30 6,781.20 28.45 361.64 0.13

*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.
  • Azion has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Azion used its assets less efficiently than the TW IT industry average last year based on Return on Assets.
  • Azion has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Azion'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.
Azion has a total score of 2/6, see the detailed checks below.

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

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

6148 Health

 How is Azion'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 Azion's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Azion is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Azion's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Azion's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4x 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 Azion Company Filings, last reported 3 months ago.

GTSM:6148 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 496.29 175.34 339.26
2019-09-30 484.68 185.65 275.95
2019-06-30 477.04 169.84 298.98
2019-03-31 513.25 167.04 301.30
2018-12-31 508.37 325.41 494.97
2018-09-30 714.57 295.57 392.40
2018-06-30 701.33 291.30 389.28
2018-03-31 690.09 218.68 374.54
2017-12-31 673.23 236.58 397.45
2017-09-30 662.10 342.83 406.29
2017-06-30 812.02 1,721.32 436.67
2017-03-31 872.08 1,767.71 570.66
2016-12-31 989.04 1,826.55 398.47
2016-09-30 1,151.13 1,736.29 407.90
2016-06-30 1,250.20 2,175.00 535.57
2016-03-31 1,259.44 2,446.65 654.78
2015-12-31 1,272.68 2,300.83 526.69
2015-09-30 1,327.61 2,200.51 390.54
2015-06-30 1,300.29 2,065.18 381.35
2015-03-31 1,322.49 2,123.73 599.30
2014-12-31 1,324.52 2,351.42 959.90
2014-09-30 1,254.53 2,324.00 822.16
2014-06-30 1,223.65 2,340.91 463.03
2014-03-31 1,234.85 2,322.34 627.37
2013-12-31 1,206.68 1,960.54 524.82
2013-09-30 1,154.56 1,981.33 378.22
2013-06-30 1,160.89 2,060.27 349.35
  • Azion's level of debt (35.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (177.1% vs 35.3% today).
  • Debt is well covered by operating cash flow (35.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.4x coverage).
X
Financial health checks
We assess Azion'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. Azion 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.

6148 Dividends

 What is Azion'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
12.03%
Current annual income from Azion dividends.
If you bought NT$2,000 of Azion shares you are expected to receive NT$241 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?
  • Azion's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Azion's dividend is above 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:6148 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:6148 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.970 9.159
2019-03-29 0.970 8.674
2019-03-27 0.970 7.473
2016-11-14 0.000 0.000
2016-10-17 0.000 0.000
2016-08-12 0.000 0.000
2016-08-10 0.000 0.000
2016-05-16 0.000 0.000
2016-05-11 0.000 0.000
2016-03-31 0.000 0.000
2015-11-13 0.426 2.849
2015-05-14 0.426 2.947
2015-03-27 0.426 2.453
2015-03-26 0.426 2.350

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

  • Azion 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 Azion only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Azion's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x 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 Azion'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 Azion afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Azion 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.

6148 Management

 What is the CEO of Azion'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.
  • Azion 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 Azion'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. Azion 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.

6148 News

Simply Wall St News

6148 Company Info

Description

Azion Corporation provides information, communication, Internet, telecommunications, broadband, traffic control, and cloud applications services in Taiwan. Its solutions include capital communication system integration, big data analysis and knowledge exploration, information security, digital banking and financial, smart policing, and IM and voice collaboration solutions. The company also provides professional maintenance, and problem diagnosis and performance adjustment services; and information storage systems solutions and related services. It serves financial, manufacturing, retail, and telecommunications industries; and government agency, etc. The company is headquartered in Taipei, Taiwan.

Details
Name: Azion Corporation
6148
Exchange: GTSM
Founded:
NT$367,568,240
45,604,000
Website: http://www.azion.com.tw
Address: Azion Corporation
No. 30 Beiping East Road,
5th Floor,
Taipei,
100,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 6148 Common Stock Taipei Exchange TW TWD 07. Jan 2002
Number of employees
Current staff
Staff numbers
0
Azion employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 14:47
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/29
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.