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Acer Synergy Tech

GTSM:6751
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6751
GTSM
NT$611M
Market Cap
  1. Home
  2. TW
  3. Software
Company description

Acer Synergy Tech Corp. provides IT solutions and services. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Acer Synergy Tech has significant price volatility in the past 3 months.
6751 Share Price and Events
7 Day Returns
3.6%
GTSM:6751
3.2%
TW IT
-0.5%
TW Market
1 Year Returns
-
GTSM:6751
-5.3%
TW IT
-10.7%
TW Market
6751 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acer Synergy Tech (6751) 3.6% -17.3% -16.8% - - -
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
  • No trading data on 6751.
  • No trading data on 6751.
Price Volatility
Industry
5yr Volatility vs Market

6751 Value

 Is Acer Synergy Tech 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
  • It is not possible to calculate the future cash flow value for Acer Synergy Tech. This is due to cash flow or dividend data being unavailable. The share price is NT$54.9.
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 Acer Synergy Tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acer Synergy Tech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:6751 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$2.81
GTSM:6751 Share Price ** GTSM (2020-04-01) in TWD NT$54.9
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 Acer Synergy Tech.

GTSM:6751 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:6751 Share Price ÷ EPS (both in TWD)

= 54.9 ÷ 2.81

19.54x

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

  • Acer Synergy Tech is overvalued based on earnings compared to the TW IT industry average.
  • Acer Synergy Tech is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Acer Synergy Tech's expected growth come at a high price?
Raw Data
GTSM:6751 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.54x
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 Acer Synergy Tech, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Acer Synergy Tech's assets?
Raw Data
GTSM:6751 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$17.82
GTSM:6751 Share Price * GTSM (2020-04-01) in TWD NT$54.9
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:6751 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:6751 Share Price ÷ Book Value per Share (both in TWD)

= 54.9 ÷ 17.82

3.08x

* Primary Listing of Acer Synergy Tech.

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

  • Acer Synergy Tech is overvalued based on assets compared to the TW IT industry average.
X
Value checks
We assess Acer Synergy Tech'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. Acer Synergy Tech 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.

6751 Future Performance

 How is Acer Synergy Tech 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 Acer Synergy Tech 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 Acer Synergy Tech expected to grow at an attractive rate?
  • Unable to compare Acer Synergy Tech's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Acer Synergy Tech's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Acer Synergy Tech's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:6751 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:6751 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:6751 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,075 -292 27
2019-06-30 1,003 -107 23
2019-03-31 943 -14 22
2018-12-31 884 80 22
2017-12-31 50 12 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Acer Synergy Tech is high growth as no earnings estimate data is available.
  • Unable to determine if Acer Synergy Tech 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:6751 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 Acer Synergy Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6751 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 2.81
2019-06-30 2.91
2019-03-31 2.90
2018-12-31 2.89
2017-12-31 0.04

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

Next steps:

  1. Acer Synergy Tech'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
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Acer Synergy Tech'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.
Acer Synergy Tech 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.

6751 Past Performance

  How has Acer Synergy Tech 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 Acer Synergy Tech'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.
  • Insufficient data to establish if Acer Synergy Tech's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Acer Synergy Tech's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Acer Synergy Tech's earnings growth has exceeded the TW IT industry average in the past year (24.3% vs 22.2%).
Earnings and Revenue History
Acer Synergy Tech'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 Acer Synergy Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6751 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 1,074.75 27.20 81.01 8.69
2019-06-30 1,003.03 23.07 70.02 8.80
2019-03-31 943.48 22.48 62.39 10.66
2018-12-31 883.93 21.89 54.77 12.51
2017-12-31 49.94 0.34 2.67

*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.
  • Acer Synergy Tech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Acer Synergy Tech used its assets less efficiently than the TW IT industry average last year based on Return on Assets.
  • Unable to establish if Acer Synergy Tech improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Acer Synergy Tech'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.
Acer Synergy Tech 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.

6751 Health

 How is Acer Synergy Tech'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 Acer Synergy Tech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acer Synergy Tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acer Synergy Tech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acer Synergy Tech'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 4.8x 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 Acer Synergy Tech Company Filings, last reported 3 months ago.

GTSM:6751 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 198.68 130.00 66.55
2019-06-30 185.97 70.00 75.67
2019-03-31 185.97 70.00 75.67
2018-12-31 96.11 0.00 155.57
2017-12-31 70.11 0.00 73.13
  • Acer Synergy Tech's level of debt (65.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Acer Synergy Tech's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 51.9x coverage).
X
Financial health checks
We assess Acer Synergy Tech'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. Acer Synergy Tech has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

6751 Dividends

 What is Acer Synergy Tech'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
0%
Current annual income from Acer Synergy Tech dividends.
If you bought NT$2,000 of Acer Synergy Tech shares you are expected to receive NT$0 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?
  • Unable to evaluate Acer Synergy Tech's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Acer Synergy Tech's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:6751 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.

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

  • Unable to perform a dividend volatility check as Acer Synergy Tech has not reported any payouts.
  • Unable to verify if Acer Synergy Tech's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Acer Synergy Tech's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Acer Synergy Tech has not reported any payouts.
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 Acer Synergy Tech'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 Acer Synergy Tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acer Synergy Tech has a total score of 0/6, see the detailed checks below.


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

6751 Management

 What is the CEO of Acer Synergy Tech'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.
  • Acer Synergy Tech 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 Acer Synergy Tech'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. Acer Synergy Tech 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.

6751 News

Simply Wall St News

6751 Company Info

Description

Acer Synergy Tech Corp. provides IT solutions and services. It provides enterprise infrastructure solutions, including datacenter planning, infrastructure planning, virtual desktop management, information surveillance, sustainable development planning, and virtual infrastructure planning; and information system integration services comprises server infrastructure optimization, web setting and optimization, infrastructure implementation and optimization, and solution designation and implementation. The company also offers information infrastructure operation services, such as server maintenance and monitoring, storage management and monitoring, communication management for datacenter, virtual system management, terminal desktop management, and other OA equipment troubleshoot; and outsourcing services, which includes information service management outsourcing, short term outsourcing, and project support services. In addition, it provides intelligent innovation solutions, including end device, public works, industry application, usage scenario, core technic platform, and cloud and basic calculation services. The company was founded in 2017 and is headquartered in Hsinchu City, Taiwan.

Details
Name: Acer Synergy Tech Corp.
6751
Exchange: GTSM
Founded: 2017
NT$611,037,000
11,130,000
Website: http://www.acer-ast.com
Address: Acer Synergy Tech Corp.
No. 139, Minzu Road,
3rd Floor,
Hsinchu City,
300,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 6751 Common Shares Taipei Exchange TW TWD 20. Nov 2019
Number of employees
Current staff
Staff numbers
0
Acer Synergy Tech employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 19:07
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/15
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.