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Designs and makes arcade and casino gaming machines, including slot machines and video game cabinets.
Designs and makes arcade and casino gaming machines, including slot machines and video game cabinets.
In one line: A smaller International Game Technology (IGT).
Moat: narrow (IP / patents, brand). Proprietary game content and hardware design built over decades in Asian arcade/casino markets.
Headquarters: Taipei, Taiwan · Founded: 1989
Size International Games System (3293.TWO) is a Taiwan Information Technology company (Packaged Software) with a market value of $6.27B, the 75th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$736.00 on 6 Nov 2026.
Performance Over six months the shares fell 0.1%, against +16.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 14.7% over the last twelve months (peer median +11.2%); the operating margin is 58.8% (peer median 9.7%).
Valuation It trades at 14.4× forward earnings against a peer median of 23.1× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -25 pp: the price already allows for a slowdown.
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$23.8B | NT$22.0B | NT$18.5B | NT$14.2B | NT$11.9B |
| Revenue growth | — | +19% | +31% | +19% | — |
| Gross profit | NT$23.1B | NT$21.4B | NT$17.8B | NT$13.5B | NT$11.4B |
| EBITDA | NT$14.1B | NT$13.3B | NT$10.5B | NT$7.65B | NT$6.10B |
| Net income | NT$12.2B | NT$10.9B | NT$9.06B | NT$6.43B | NT$5.48B |
| Free cash flow | NT$13.7B | NT$12.0B | NT$7.86B | NT$6.72B | NT$5.93B |
| Capital expenditure | NT$102M | NT$88.5M | NT$2.43B | NT$54.1M | NT$86.6M |
| Total debt | NT$26.2M | NT$26.6M | NT$25.0M | NT$18.2M | NT$16.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| International Games System 3293.TWO | $6.27B | 0% | +15% | 59% | 14.4× | -4.0% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% |
| Sega Sammy 6460.T | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% |
| Aristocrat Leisure ALL.AX | $26.9B | +27% | -1% | 32% | 24.8× | 9.5% |
| Universal Entertainment 6425.T | $324M | -10% | +9% | 4% | 9.4× | 15.1% |
| Konami 9766.T | $23.5B | +45% | +25% | 33% | 25.7× | -1.5% |
| Bandai Namco 7832.T | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3293.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | +5.3% | 3rd lowest of 21 |
| 6-month return | -0.1% | +16.0% | 6th lowest of 21 |
| Distance from 52-week high | -11.6% | -30.4% | 7th highest of 21 |
| Revenue growth (TTM) | +14.7% | +11.2% | 8th highest of 21 |
| Operating margin | 58.8% | 9.7% | highest of 21 |
| Forward P/E | 14.4× | 23.1× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -4.0% | 11.8% | 2nd least demanding of 18 |
| Growth delivered (Del g) | +21.2% | +14.6% | 5th highest of 18 |
| Hurdle (Req g minus delivered) | -25.2 pp | -1.1 pp | 3rd least demanding of 18 |
| EV / EBITDA | 12.9× | 19.3× | 4th cheapest of 13 |
| Net debt / EBITDA | -1.8× | -0.8× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| International Games System 3293.TWO | Taiwan | $6.27B | 0% | +15% | 59% | 14.4× | -4.0% | +21.2% |
| Navan NAVN | United States | $6.25B | +36% | +35% | -25% | 76.3× | n/a | n/a |
| SenseTime 0020.HK | Hong Kong | $6.25B | -44% | +31% | -51% | n/a | n/a | n/a |
| Topicus.com TOI.V | Canada | $6.25B | +9% | +28% | 15% | 21.3× | 0.7% | +26.5% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| Commvault Systems CVLT | United States | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% | +10.3% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
| ACI Worldwide ACIW | United States | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% | +6.3% |
| Hundsun Technologies 600570.SS | China | $6.05B | -20% | -5% | 9% | 30.1× | 34.8% | +7.0% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |
| NIQ Global Intelligence NIQ | United States | $6.02B | +5% | +9% | 8% | 17.1× | 10.9% | +14.6% |
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| Shanghai Baosight Software 600845.SS | China | $5.97B | -24% | +11% | 10% | 30.3× | 6.9% | +1.4% |
| Klaviyo KVYO | United States | $5.90B | +36% | +29% | -2% | 19.7× | 7.0% | +37.7% |
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| Doximity DOCS | United States | $5.79B | +25% | +11% | 31% | 23.3× | 16.3% | +25.5% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| Varonis Systems VRNS | United States | $5.63B | +71% | +18% | -25% | 138.0× | 23.0% | +16.3% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |