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Market Cap

NT$30.8b

Last Updated

2021/04/11 08:38 UTC

Data Sources

Company Financials +

Executive Summary

Cub Elecparts Inc. manufactures and supplies automobile electrical and electronic parts in Taiwan. More Details


Snowflake Analysis

Exceptional growth potential with mediocre balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

2.2%

2231

1.6%

TW Auto Components

1.9%

TW Market


1 Year Return

102.9%

2231

49.5%

TW Auto Components

66.4%

TW Market

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.


Shareholder returns

2231IndustryMarket
7 Day2.2%1.6%1.9%
30 Day20.5%8.5%4.8%
90 Day20.5%8.4%9.9%
1 Year112.4%102.9%54.0%49.5%72.2%66.4%
3 Year-26.8%-33.3%8.6%-1.8%71.1%51.6%
5 Year5.1%-8.7%-7.5%-21.8%132.3%91.0%

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

Valuation

Is Cub Elecparts undervalued compared to its fair value and its price relative to the market?

124.38x

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).


Future Growth

How is Cub Elecparts forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

62.5%

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%)


Past Performance

How has Cub Elecparts performed over the past 5 years?

-13.1%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Cub Elecparts's current dividend yield, its reliability and sustainability?

2.64%

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).


Next Steps

Management

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


CEO

Zhi Ming Jiang

no data

Tenure

Zhi Ming Jiang serves as the General Manager of Cub Elecparts Inc.


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

Cub Elecparts Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Cub Elecparts Inc.
  • No. 6, Changlu Road
  • Lane 546, Sec.6
  • Changhua
  • 50648
  • Taiwan

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:38
End of Day Share Price2021/04/09 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.