International Games System Co., Ltd. (3293) AI Stock Analysis

International Games System Co., Ltd.

(TPEx:3293)

Select Model

Rating:80.67Outperform

Price Target:TWD 849.00▲(9.55% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by exceptional financial performance, including strong growth, profitability, minimal debt, and reliable cash generation. Attractive valuation and dividend income provide additional support, while weak short- and medium-term technical momentum limits the overall score.

Positive Factors

Strong Revenue and Margin ExpansionRevenue has expanded materially while exceptionally high gross, operating, and net margins have remained consistent. This combination indicates strong monetization of the company’s digital content and gives International Games System substantial internal funding capacity for continued development and service operation.

Negative Factors

Uneven Growth ProfileThe sharp variation between slower 2024 growth and strong 2025 acceleration indicates that revenue expansion may not follow a steady trajectory. Uneven performance can make planning more difficult and may reflect the hit-driven or cyclical nature of gaming content, increasing reliance on successful releases.

International Games System Co., Ltd. (3293) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 216.42B
Dividend Yield: 4.65%
Average Volume (3M): 2.43M
Price to Earnings (P/E): 17.9
Beta (1Y): 0.40
Revenue Growth: 14.67%
EPS Growth: 24.25%
Country: TW
Employees: 892
Sector: General
Sector Strength: 55
Industry: Electronic Gaming & Multimedia

International Games System Co., Ltd. Business Overview & Revenue Model

Company Description

Headquartered in New Taipei City, Taiwan, International Games System Co.,Ltd., founded in 1989, specializes in the full spectrum of game development and distribution. The company is involved in planning, designing, researching, developing, manufactur...

International Games System Co., Ltd. Financial Statement Overview

Summary

Outstanding profitability, balance-sheet strength, and cash generation. Revenue and earnings expanded substantially, margins are exceptionally high, debt is minimal, and free-cash-flow conversion is excellent; moderating cash-flow growth and some revenue-growth volatility are minor limitations.

Income Statement

96Very Positive

Balance Sheet

98Very Positive

Cash Flow

95Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.76B	22.03B	18.51B	14.18B	11.95B	11.29B
Gross Profit	23.08B	21.40B	17.87B	13.62B	11.47B	10.83B
EBITDA	14.85B	13.27B	11.13B	7.88B	6.61B	5.80B
Net Income	12.20B	10.85B	9.06B	6.43B	5.48B	4.73B
Balance Sheet
Total Assets	33.62B	25.47B	22.12B	16.45B	14.18B	12.23B
Cash, Cash Equivalents and Short-Term Investments	25.37B	17.23B	13.42B	10.56B	10.62B	8.24B
Total Debt	26.17M	26.63M	25.01M	18.18M	16.94M	14.92M
Total Liabilities	18.50B	6.41B	5.74B	4.25B	3.52B	3.26B
Stockholders Equity	15.12B	19.06B	16.38B	12.19B	10.66B	8.96B
Cash Flow
Free Cash Flow	13.65B	11.59B	7.51B	6.47B	5.76B	5.09B
Operating Cash Flow	13.72B	11.68B	9.95B	6.52B	5.85B	5.11B
Investing Cash Flow	-2.40B	-5.25B	-3.13B	-9.18B	2.74B	-586.57M
Financing Cash Flow	-8.16B	-8.16B	-4.93B	-4.93B	-3.54B	-2.96B

International Games System Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3293 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3293	81Outperform	TWD 217.27B	17.91	―	4.65%	14.67%	24.25%
TW:6214	67Neutral	TWD 46.28B	19.66	―	3.10%	33.54%	44.78%
TW:2385	64Neutral	TWD 63.95B	9.74	―	8.25%	-10.82%	-28.50%
TW:3706	60Neutral	TWD 102.99B	13.07	―	4.32%	50.91%	23.24%
TW:8454	59Neutral	TWD 57.90B	20.62	―	4.65%	1.08%	-12.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2377	50Neutral	TWD 118.28B	12.57	―	2.90%	1.41%	111.21%

* General Sector Average

Performance Comparison

TW:3293 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3293	International Games System Co., Ltd.	775.00	66.74	9.42%
TW:2377	Micro-Star International Co., Ltd.	145.00	42.53	41.50%
TW:2385	Chicony Electronics Co. Ltd.	87.30	-32.74	-27.27%
TW:3706	MiTAC Holdings Corp.	69.40	-12.28	-15.03%
TW:6214	Systex Corp	193.50	76.21	64.98%
TW:8454	momo.com Incorporated	215.00	-23.57	-9.88%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

International Games System Co., Ltd. AI Stock Analysis