Ares International Corp.

Ares International Corp.

TTWSE:2471
50.40
TWD
+0.45
(+0.90%)
2.99EPS
17.38P/E
2.47BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.28
13.71
13.07
15.24
14.47
14.25
15.29
16.37
16.95
16.98
17.82
18.57
- -
20.2
Basic EPS, GAAP
1.08
1.3
0.78
1.79
0.69
1.21
1.69
2.07
2.42
3.04
3.66
3.33
- -
3.01
Free Cash Flow per Basic Share
1.76
1.47
0.16
0.48
1.02
1.24
3.49
3.15
0.4
3.59
2.67
1.59
- -
5.97
Dividend per Share
1.5
1
1.21
1.04
1.36
1
1.2
1.42
1.5
2.24
2.83
3.29
- -
- -
Book Value per Share
15.43
15.81
15.26
15.71
15.06
15.32
15.71
16.26
17.25
18.48
19.26
19.46
- -
18.31
Tangible Book Value per Share
15.43
15.81
15.26
15.71
15.01
15.29
15.71
16.25
17.24
18.48
19.25
19.45
- -
18.31
Basic Weighted Avg Shares
47
47
47
45
47
47
47
47
47
47
47
47
47
47
Sales/Revenue/Turnover
628
648
612
692
676
674
723
774
801
803
842
878
- -
956
Operating Margin (%)
8.53
7.68
3.74
5.38
5.82
6.03
11.69
11.26
15.44
13.06
11.65
13.12
- -
15.1
Depreciation Expense
2
2
2
2
4
7
21
20
20
20
19
20
- -
24
Net Income, GAAP
51
62
37
82
32
57
80
98
115
143
173
157
- -
142
Effective Tax Rate (%)
19.89
13.65
12.96
10.07
12.38
9.79
18.37
13.79
17.2
16.78
11.58
17.39
- -
10.54
Profit Margin (%)
8.12
9.5
5.96
11.77
4.76
8.49
11.08
12.63
14.3
17.87
20.55
17.93
- -
14.9
Working Capital
746
781
729
739
746
745
746
782
783
809
833
775
- -
691
LT Debt
- -
- -
- -
- -
- -
- -
2
1
5
2
2
5
- -
- -
Total Equity
729
747
694
719
715
728
746
772
819
877
914
923
- -
869
Return on Invested Capital (%)
5.76
5.77
2.75
4.73
4.81
5.36
9.33
9.05
12.4
9.34
9.62
9.62
- -
13.8
Return on Capital (%)
6.92
8.33
5.07
11.55
4.61
7.96
10.78
12.7
14.19
16.69
19.12
16.93
- -
15.44
Return on Common Equity (%)
6.93
8.33
5.07
11.58
4.52
7.97
10.92
12.94
14.47
16.99
19.39
17.2
- -
15.84

Capital Structure

TWD

•

in mil. unless spec.
Sep'25
Mar'26
Jun'26
ST Debt
19
17
12
LT Borrowings
- -
- -
- -
LT Finance Leases
8
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
47
47
47
Market Capitalization
2,382
2,367
2,471

Working Capital

TWD

•

in mil. unless spec.
Sep'25
Mar'26
Jun'26
Total Current Assets
1,189
1,321
1,425
Cash, Cash Equivalents & STI
830
1,013
1,138
Accounts Receivable, Net
67
96
78
Inventories
- -
- -
- -
Total Current Liabilities
507
534
734
Payables & Accruals
- -
- -
- -
ST Debt
19
17
12
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
165
204
225
283
878
2025
204
235
246
- -
- -
2026
232
243
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.91
0.69
1.52
3.33
2025
0.29
0.1
1.31
- -
- -
2026
0.49
1.11
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.29
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hung Yang Yue
Full Time Employees
296
Sector
Technology services
Industry
Information technology services
Address
No. 111, Zhongshan North Road Taipei TP Taiwan 104
IPO Date
Sep 17, 2001
Business
Ares International Corp. (2471.TW) develops and provides application software, system integration services, outsourcing, and IT consultation primarily for financial institutions, government agencies, and enterprises in Taiwan and Greater China. The company offers specialized products in manufacturing such as ciMes manufacturing execution system, HCP human capital planner, GV/NM/GIB/SFAS No.10 compliance solutions, ORACLE applications, PLM product lifecycle management, and GD-CRM customer relationship management; in banking including AFEIS advanced foreign exchange information system, eAresBank international finance integration system, ARES Smart Core Banking System, ARES Treasury System, ARES Portfolio System, and Visual Pricing Tool; and in information security with uPKI public key infrastructure and ARES Privacy Protector. Founded in 1980 and headquartered at 3rd Floor, No. 111, Section 2, Zhongshan North Road, Taipei, Taiwan, Ares maintains offices in Taipei, Hsinchu, Taichung, Kaohsiung, and Suzhou in China, employs around 300 staff in Taiwan and over 60 in China, and distributes solutions domestically and internationally across Asia, the Americas, and Australia. Ares partners strategically with global leaders including Oracle, HP, IBM, and SWIFT to deliver comprehensive IT solutions. The company, the first Taiwan-based software firm listed on the Taiwan Stock Exchange in 2001, holds certifications such as ISO 9001, CMMI Level 3, and was recognized by Gartner as the only Asian MES solution provider from 2015 to 2017; in 2016, it partnered with Thailand's DataOne Asia to launch ArgoERP in ASEAN markets.