GTRO

Globetronics Technology BhdKLSE:GTRONIC Stock Report

Market Cap

RM1.4b

7D

0%

1Y

-23.3%

Updated

20 Sep, 2021

Data

Company Financials +
GTRONIC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends4/6

GTRONIC Overview

Globetronics Technology Bhd, an investment holding company, engages in the manufacture, assembly, testing, and sale of integrated circuits, optoelectronic products, and chip carrier quartz crystal products.

Globetronics Technology Bhd Competitors

Malaysian Pacific Industries Berhad

KLSE:MPI

RM8.9b

ViTrox Corporation Berhad

KLSE:VITROX

RM9.0b

Price History & Performance

Summary of all time highs, changes and price drops for Globetronics Technology Bhd
Historical stock prices
Current Share PriceRM2.11
52 Week HighRM1.98
52 Week LowRM3.43
Beta1.18
1 Month Change0.96%
3 Month Change-7.86%
1 Year Change-23.27%
3 Year Change-16.60%
5 Year Change31.99%
Change since IPO142.87%

Recent News & Updates

Jun 05
Globetronics Technology Bhd (KLSE:GTRONIC) Is Due To Pay A Dividend Of RM0.02

Globetronics Technology Bhd (KLSE:GTRONIC) Is Due To Pay A Dividend Of RM0.02

The board of Globetronics Technology Bhd ( KLSE:GTRONIC ) has announced that it will pay a dividend on the 5th of July...

Shareholder Returns

GTRONICMY SemiconductorMY Market
7D0%3.3%-1.0%
1Y-23.3%105.1%5.9%

Return vs Industry: GTRONIC underperformed the MY Semiconductor industry which returned 105.1% over the past year.

Return vs Market: GTRONIC underperformed the MY Market which returned 5.9% over the past year.

Price Volatility

Is GTRONIC's price volatile compared to industry and market?
GTRONIC volatility
GTRONIC Beta1.18
Industry Beta1.13
Market Beta1

Stable Share Price: GTRONIC is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GTRONIC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19911,177Huck Henghttps://www.globetronics.com.my

Globetronics Technology Bhd, an investment holding company, engages in the manufacture, assembly, testing, and sale of integrated circuits, optoelectronic products, and chip carrier quartz crystal products. It also offers small outline components, sensors and optical products, and light-emitting diodes components and modules; trades in electronics/semiconductor components; and provides computer hardware and software, system solutions, and consultations, as well as technical plating services. The company serves semiconductor and electronics industries.

Globetronics Technology Bhd Fundamentals Summary

How do Globetronics Technology Bhd's earnings and revenue compare to its market cap?
GTRONIC fundamental statistics
Market CapRM1.41b
Earnings (TTM)RM53.68m
Revenue (TTM)RM230.49m

26.3x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GTRONIC income statement (TTM)
RevenueRM230.49m
Cost of RevenueRM146.18m
Gross ProfitRM84.31m
ExpensesRM30.63m
EarningsRM53.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.08
Gross Margin36.58%
Net Profit Margin23.29%
Debt/Equity Ratio0.0%

How did GTRONIC perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is Globetronics Technology Bhd undervalued compared to its fair value and its price relative to the market?

26.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GTRONIC (MYR2.11) is trading above our estimate of fair value (MYR2.08)

Significantly Below Fair Value: GTRONIC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GTRONIC is good value based on its PE Ratio (26.3x) compared to the MY Semiconductor industry average (64.4x).

PE vs Market: GTRONIC is poor value based on its PE Ratio (26.3x) compared to the MY market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: GTRONIC is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: GTRONIC is good value based on its PB Ratio (4.8x) compared to the MY Semiconductor industry average (5.1x).


Future Growth

How is Globetronics Technology Bhd forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTRONIC's forecast earnings growth (13.3% per year) is above the savings rate (3.6%).

Earnings vs Market: GTRONIC's earnings (13.3% per year) are forecast to grow faster than the MY market (10.2% per year).

High Growth Earnings: GTRONIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: GTRONIC's revenue (9.3% per year) is forecast to grow faster than the MY market (6.4% per year).

High Growth Revenue: GTRONIC's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GTRONIC's Return on Equity is forecast to be high in 3 years time (25%)


Past Performance

How has Globetronics Technology Bhd performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTRONIC has high quality earnings.

Growing Profit Margin: GTRONIC's current net profit margins (23.3%) are higher than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: GTRONIC's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: GTRONIC's earnings growth over the past year (8.7%) exceeds its 5-year average (7.7% per year).

Earnings vs Industry: GTRONIC earnings growth over the past year (8.7%) underperformed the Semiconductor industry 68.1%.


Return on Equity

High ROE: GTRONIC's Return on Equity (18.1%) is considered low.


Financial Health

How is Globetronics Technology Bhd's financial position?


Financial Position Analysis

Short Term Liabilities: GTRONIC's short term assets (MYR229.8M) exceed its short term liabilities (MYR37.0M).

Long Term Liabilities: GTRONIC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTRONIC is debt free.

Reducing Debt: GTRONIC has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.

Debt Coverage: GTRONIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GTRONIC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Globetronics Technology Bhd current dividend yield, its reliability and sustainability?

3.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GTRONIC's dividend (3.55%) is higher than the bottom 25% of dividend payers in the MY market (1.54%).

High Dividend: GTRONIC's dividend (3.55%) is low compared to the top 25% of dividend payers in the MY market (4.16%).


Stability and Growth of Payments

Stable Dividend: GTRONIC's dividend payments have been volatile in the past 10 years.

Growing Dividend: GTRONIC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), GTRONIC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GTRONIC's dividends in 3 years are forecast to be covered by earnings (83.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average management tenure


CEO

Huck Heng (64 yo)

13.67yrs

Tenure

RM4,621,000

Compensation

Mr. Huck Lee Heng has been the Chief Executive Officer of Globetronics (Jiaxing) Inc. and Globetronics Technology Bhd since January 3, 2008. He has been a Non-Independent Executive Director of Globetronics...


CEO Compensation Analysis

Compensation vs Market: Huck's total compensation ($USD1.11M) is above average for companies of similar size in the MY market ($USD302.22K).

Compensation vs Earnings: Huck's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GTRONIC's management team is seasoned and experienced (13.7 years average tenure).


Board Members

Experienced Board: GTRONIC's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Globetronics Technology Bhd's employee growth, exchange listings and data sources


Key Information

  • Name: Globetronics Technology Bhd
  • Ticker: GTRONIC
  • Exchange: KLSE
  • Founded: 1991
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: RM1.413b
  • Shares outstanding: 669.44m
  • Website: https://www.globetronics.com.my

Number of Employees


Location

  • Globetronics Technology Bhd
  • Free Industrial Zone
  • Plot 2
  • Bayan Lepas
  • Pulau Pinang
  • 11900
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 15:27
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.