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
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.
7 Day Return
1 Year Return
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.
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
1 month ago | Simply Wall StThe Returns On Capital At Global Testing (SGX:AYN) Don't Inspire Confidence
10 months ago | Simply Wall StIf You Had Bought Global Testing (SGX:AYN) Stock Three Years Ago, You'd Be Sitting On A 76% Loss, Today
1 year ago | Simply Wall StDo Directors Own Global Testing Corporation Limited (SGX:AYN) Shares?
Is Global Testing undervalued compared to its fair value and its price relative to the market?
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).
How is Global Testing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Global Testing performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: AYN's management team is considered experienced (3 years average tenure).
Experienced Board: AYN's board of directors are seasoned and experienced ( 11.8 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Global Testing Corporation Limited's company bio, employee growth, exchange listings and data sources
- 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
- Global Testing Corporation Limited
- Hsin-Chu Industrial Park
- No. 75 Guangfu Road
- Hsinchu City
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/17 11:08|
|End of Day Share Price||2021/04/14 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.