TECH Stock Overview
Cirtek Holdings Philippines Corporation, through its subsidiaries, operates as an independent subcontractor for semiconductor assembly, test, and packaging services in Asia, Europe, and the United States.
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Cirtek Holdings Philippines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₱2.69|
|52 Week High||₱5.84|
|52 Week Low||₱2.23|
|1 Month Change||-4.61%|
|3 Month Change||-15.41%|
|1 Year Change||-53.30%|
|3 Year Change||-83.10%|
|5 Year Change||-90.45%|
|Change since IPO||-28.27%|
Recent News & Updates
|TECH||PH Semiconductor||PH Market|
Return vs Industry: TECH underperformed the PH Semiconductor industry which returned -14.1% over the past year.
Return vs Market: TECH underperformed the PH Market which returned -9.7% over the past year.
|TECH Average Weekly Movement||5.5%|
|Semiconductor Industry Average Movement||6.6%|
|Market Average Movement||5.4%|
|10% most volatile stocks in PH Market||10.5%|
|10% least volatile stocks in PH Market||3.1%|
Stable Share Price: TECH is not significantly more volatile than the rest of PH stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TECH's weekly volatility (6%) has been stable over the past year.
About the Company
Cirtek Holdings Philippines Corporation, through its subsidiaries, operates as an independent subcontractor for semiconductor assembly, test, and packaging services in Asia, Europe, and the United States. It primarily offers turnkey solutions, such as package design and development; wafer probing; wafer back grinding; assembly and packaging; final testing of semiconductor devices; and delivery and shipment to its end user customers. The company also provides protection products to protect electronic devices from damaging voltage or current spikes; light sensors that are optical devices, which sense the intensity of light and trigger the automatic switching on and off of headlights, and the automatic adjustment of air conditioning settings in cars; and real time clocks that are precision time keeping devices.
Cirtek Holdings Philippines Fundamentals Summary
|TECH fundamental statistics|
Is TECH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TECH income statement (TTM)|
|Cost of Revenue||US$47.47m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.002|
|Net Profit Margin||1.94%|
How did TECH perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is TECH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TECH?
Other financial metrics that can be useful for relative valuation.
|What is TECH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TECH's PE Ratio compare to its peers?
|TECH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SSP SFA Semicon Philippines
CVV CVD Equipment
TECH Cirtek Holdings Philippines
Price-To-Earnings vs Peers: TECH is good value based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (34.4x).
Price to Earnings Ratio vs Industry
How does TECH's PE Ratio compare vs other companies in the Asian Semiconductor Industry?
Price-To-Earnings vs Industry: TECH is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the Asian Semiconductor industry average (16.5x)
Price to Earnings Ratio vs Fair Ratio
What is TECH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TECH's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TECH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TECH (₱2.69) is trading below our estimate of fair value (₱67.6)
Significantly Below Fair Value: TECH is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TECH's PEG Ratio to determine if it is good value.
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How is Cirtek Holdings Philippines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Semiconductors industry annual growth in earnings
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 Cirtek Holdings Philippines 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 SimplyWall St do have past financial data.
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- Examine whether Cirtek Holdings Philippines is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Cirtek Holdings Philippines performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TECH has high quality earnings.
Growing Profit Margin: TECH's current net profit margins (1.9%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: TECH's earnings have declined by 8.4% per year over the past 5 years.
Accelerating Growth: TECH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TECH had negative earnings growth (-60.9%) over the past year, making it difficult to compare to the Semiconductor industry average (66.5%).
Return on Equity
High ROE: TECH's Return on Equity (2.9%) is considered low.
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How is Cirtek Holdings Philippines's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TECH's short term assets ($190.8M) exceed its short term liabilities ($79.4M).
Long Term Liabilities: TECH's short term assets ($190.8M) exceed its long term liabilities ($38.1M).
Debt to Equity History and Analysis
Debt Level: TECH's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: TECH's debt to equity ratio has reduced from 194.8% to 40.2% over the past 5 years.
Debt Coverage: TECH's debt is well covered by operating cash flow (22.6%).
Interest Coverage: TECH's interest payments on its debt are not well covered by EBIT (2x coverage).
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What is Cirtek Holdings Philippines's current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TECH's dividend (2.43%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).
High Dividend: TECH's dividend (2.43%) is low compared to the top 25% of dividend payers in the PH market (4.9%).
Stability and Growth of Payments
Stable Dividend: TECH's dividend payments have been volatile in the past 10 years.
Growing Dividend: TECH's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: Unable to calculate sustainability of dividends as TECH has not reported any payouts.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.7%), TECH's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jorge Aguilar (65 yo)
Mr. Jorge S. Aguilar has been Vice Chairman, President and Chief Executive Officer of Cirtek Holdings Philippines Corporation since May 10, 2019. He joined Cirtek Electronics Corporation in 1985. Mr. Aguil...
Experienced Management: TECH's management team is considered experienced (2.4 years average tenure).
Experienced Board: TECH's board of directors are considered experienced (5.2 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 62.4%.
Cirtek Holdings Philippines Corporation's employee growth, exchange listings and data sources
- Name: Cirtek Holdings Philippines Corporation
- Ticker: TECH
- Exchange: PSE
- Founded: 1984
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: ₱1.714b
- Shares outstanding: 649.23m
- Website: https://www.cirtekholdings.com
Number of Employees
- Cirtek Holdings Philippines Corporation
- 116 East Main Avenue
- Phase V-SEZ
- Binan City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.