NOT FOR DISTRIBUTION
Header cover image

Market Cap

S$12.7m

Last Updated

2021/04/17 11:08 UTC

Data Sources

Company Financials

Executive Summary

Global Testing Corporation Limited, an investment holding company, engages in the semiconductor testing business in Singapore, the United States, Taiwan, the People’s Republic of China, Japan, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Global Testing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine AYN's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AYN's volatility change over the past year.


Market Performance


7 Day Return

0%

AYN

-1.3%

SG Semiconductor

0.4%

SG Market


1 Year Return

24.1%

AYN

79.8%

SG Semiconductor

22.1%

SG Market

Return vs Industry: AYN underperformed the SG Semiconductor industry which returned 85.8% over the past year.

Return vs Market: AYN exceeded the SG Market which returned 22% over the past year.


Shareholder returns

AYNIndustryMarket
7 Day0%-1.3%0.4%
30 Day-16.3%5.4%3.7%
90 Day-11.1%4.3%6.3%
1 Year24.1%24.1%86.4%79.8%27.7%22.1%
3 Year-60.5%-71.9%69.1%46.0%-0.2%-12.0%
5 Year-37.2%-67.3%424.8%267.3%20.9%-0.2%

Long-Term Price Volatility Vs. Market

How volatile is Global Testing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Global Testing undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AYN (SGD0.36) is trading below our estimate of fair value (SGD1.63)

Significantly Below Fair Value: AYN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AYN is poor value based on its PE Ratio (26.7x) compared to the SG Semiconductor industry average (20.1x).

PE vs Market: AYN is poor value based on its PE Ratio (26.7x) compared to the SG market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AYN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AYN is good value based on its PB Ratio (0.3x) compared to the SG Semiconductor industry average (0.8x).


Future Growth

How is Global Testing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.8%

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 Global Testing 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.


Past Performance

How has Global Testing performed over the past 5 years?

-53.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AYN has high quality earnings.

Growing Profit Margin: AYN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AYN's earnings have declined by 53.9% per year over the past 5 years.

Accelerating Growth: AYN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AYN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (8.6%).


Return on Equity

High ROE: AYN's Return on Equity (1.2%) is considered low.


Financial Health

How is Global Testing's financial position?


Financial Position Analysis

Short Term Liabilities: AYN's short term assets ($10.9M) exceed its short term liabilities ($7.0M).

Long Term Liabilities: AYN's short term assets ($10.9M) exceed its long term liabilities ($447.0K).


Debt to Equity History and Analysis

Debt Level: AYN is debt free.

Reducing Debt: AYN had no debt 5 years ago.

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

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


Balance Sheet


Dividend

What is Global Testing current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AYN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AYN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AYN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AYN is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AYN's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Richard Hu

3.83yrs

Tenure

Mr. I-Lung Hu, also known as Richard, has been Chief Executive Officer at Global Testing Corporation Limited since June 1, 2017 and served as its Vice President of Sales & Marketing since March 1, 2012. Mr...


Leadership Team

Experienced Management: AYN's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: AYN's board of directors are seasoned and experienced ( 11.8 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

Global Testing Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Testing Corporation Limited
  • Ticker: AYN
  • Exchange: SGX
  • Founded: 1998
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: S$12.674m
  • Shares outstanding: 35.20m
  • Website: https://www.gttw.com.tw

Location

  • Global Testing Corporation Limited
  • Hsin-Chu Industrial Park
  • No. 75 Guangfu Road
  • Hsinchu City
  • 303
  • Taiwan

Listings


Biography

Global Testing Corporation Limited, an investment holding company, engages in the semiconductor testing business in Singapore, the United States, Taiwan, the People’s Republic of China, Japan, and internat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 11:08
End of Day Share Price2021/04/14 00:00
Earnings2020/12/31
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.