Cub Elecparts Inc. manufactures and supplies automobile electrical and electronic parts in Taiwan. More Details
Exceptional growth potential with mediocre balance sheet.
Share Price & News
How has Cub Elecparts's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2231 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 2231's weekly volatility (7%) has been stable over the past year.
7 Day Return
TW Auto Components
1 Year Return
TW Auto Components
Return vs Industry: 2231 exceeded the TW Auto Components industry which returned 51.4% over the past year.
Return vs Market: 2231 exceeded the TW Market which returned 66.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Cub Elecparts's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Cub Elecparts (TPE:2231) Using Too Much Debt?
1 month ago | Simply Wall StWhy Cub Elecparts Inc. (TPE:2231) Looks Like A Quality Company
2 months ago | Simply Wall StConsider This Before Buying Cub Elecparts Inc. (TPE:2231) For The 3.5% Dividend
Is Cub Elecparts undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2231 (NT$252.5) is trading above our estimate of fair value (NT$80.62)
Significantly Below Fair Value: 2231 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2231 is poor value based on its PE Ratio (124.4x) compared to the TW Auto Components industry average (25.7x).
PE vs Market: 2231 is poor value based on its PE Ratio (124.4x) compared to the TW market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: 2231 is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: 2231 is overvalued based on its PB Ratio (9.5x) compared to the TW Auto Components industry average (1.7x).
How is Cub Elecparts forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2231's forecast earnings growth (62.5% per year) is above the savings rate (0.8%).
Earnings vs Market: 2231's earnings (62.5% per year) are forecast to grow faster than the TW market (16.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2231's revenue (27.8% per year) is forecast to grow faster than the TW market (10.7% per year).
High Growth Revenue: 2231's revenue (27.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2231's Return on Equity is forecast to be high in 3 years time (28.2%)
How has Cub Elecparts performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2231 has high quality earnings.
Growing Profit Margin: 2231's current net profit margins (7.3%) are lower than last year (23.8%).
Past Earnings Growth Analysis
Earnings Trend: 2231's earnings have declined by 13.1% per year over the past 5 years.
Accelerating Growth: 2231's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2231 had negative earnings growth (-74.9%) over the past year, making it difficult to compare to the Auto Components industry average (-21.6%).
Return on Equity
High ROE: 2231's Return on Equity (7%) is considered low.
How is Cub Elecparts's financial position?
Financial Position Analysis
Short Term Liabilities: 2231's short term assets (NT$4.7B) exceed its short term liabilities (NT$2.7B).
Long Term Liabilities: 2231's short term assets (NT$4.7B) exceed its long term liabilities (NT$1.2B).
Debt to Equity History and Analysis
Debt Level: 2231's debt to equity ratio (78%) is considered high.
Reducing Debt: 2231's debt to equity ratio has increased from 13.8% to 78% over the past 5 years.
Debt Coverage: 2231's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 2231's interest payments on its debt are well covered by EBIT (24.5x coverage).
What is Cub Elecparts's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2231's dividend (2.64%) is higher than the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 2231's dividend (2.64%) is low compared to the top 25% of dividend payers in the TW market (4.82%).
Stability and Growth of Payments
Stable Dividend: 2231's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2231's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (328.2%), 2231's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2231's dividends in 3 years are forecast to be covered by earnings (73.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Zhi Ming Jiang
Zhi Ming Jiang serves as the General Manager of Cub Elecparts Inc.
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.
Cub Elecparts Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cub Elecparts Inc.
- Ticker: 2231
- Exchange: TSEC
- Founded: 1979
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: NT$30.784b
- Shares outstanding: 121.92m
- Website: https://www.cubelec.com.tw
- Cub Elecparts Inc.
- No. 6, Changlu Road
- Lane 546, Sec.6
Cub Elecparts Inc. manufactures and supplies automobile electrical and electronic parts in Taiwan. The company offers advanced driver assistance systems; aftermarket service parts comprising sensors and ot...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 08:38|
|End of Day Share Price||2021/04/09 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.