company background image
4551

Global PMX TWSE:4551 Stock Report

Last Price

NT$153.00

Market Cap

NT$17.7b

7D

-5.8%

1Y

-5.8%

Updated

17 Aug, 2022

Data

Company Financials +
4551 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

4551 Stock Overview

Global PMX Co., Ltd. manufactures, processes, and sells precision metal components for automotive products, hard disk drives, medical equipment, and various industrial products primarily in the United States, China, and Japan.

Global PMX Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Global PMX
Historical stock prices
Current Share PriceNT$153.00
52 Week HighNT$193.00
52 Week LowNT$121.00
Beta1.19
1 Month Change-6.42%
3 Month Change11.27%
1 Year Change-5.85%
3 Year Change9.68%
5 Year Change-6.42%
Change since IPO107.07%

Recent News & Updates

Shareholder Returns

4551TW Auto ComponentsTW Market
7D-5.8%1.5%2.5%
1Y-5.8%3.1%-7.1%

Return vs Industry: 4551 underperformed the TW Auto Components industry which returned 3.1% over the past year.

Return vs Market: 4551 exceeded the TW Market which returned -7.1% over the past year.

Price Volatility

Is 4551's price volatile compared to industry and market?
4551 volatility
4551 Average Weekly Movement7.0%
Auto Components Industry Average Movement5.8%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 4551 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 4551's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1987n/aEn-Dao Linhttps://www.global.com.tw

Global PMX Co., Ltd. manufactures, processes, and sells precision metal components for automotive products, hard disk drives, medical equipment, and various industrial products primarily in the United States, China, and Japan. It produces and sells computer hard disk components, industrial control components, precision dies, mold standard parts, hardware, construction, plumbing equipment and hardware, electronic components, automotive key components, anti-lock braking systems, optical, disk drives and components, semiconductor components. The company also provides digital cameras, precision online measuring instruments, medical and automotive precision parts, general parts, computer hardware and software, electronic components technology research and development.

Global PMX Fundamentals Summary

How do Global PMX's earnings and revenue compare to its market cap?
4551 fundamental statistics
Market CapNT$17.74b
Earnings (TTM)NT$1.25b
Revenue (TTM)NT$8.94b

14.1x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4551 income statement (TTM)
RevenueNT$8.94b
Cost of RevenueNT$6.50b
Gross ProfitNT$2.44b
Other ExpensesNT$1.19b
EarningsNT$1.25b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)10.88
Gross Margin27.31%
Net Profit Margin14.04%
Debt/Equity Ratio29.9%

How did 4551 perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

46%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 4551 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4551?

Other financial metrics that can be useful for relative valuation.

4551 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA8.2x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does 4551's PE Ratio compare to its peers?

4551 PE Ratio vs Peers
The above table shows the PE ratio for 4551 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.7x
8255 Actron Technology
34.6xn/aNT$16.9b
6279 Hu Lane Associate
18.9x18.2%NT$14.6b
3552 Tung Thih Electronic
28.7x42.1%NT$13.4b
1536 Hota Industrial Mfg
52.5x29.5%NT$21.6b
4551 Global PMX
14.1x12.0%NT$17.7b

Price-To-Earnings vs Peers: 4551 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (33.7x).


Price to Earnings Ratio vs Industry

How does 4551's PE Ratio compare vs other companies in the TW Auto Components Industry?

Price-To-Earnings vs Industry: 4551 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the TW Auto Components industry average (18.1x)


Price to Earnings Ratio vs Fair Ratio

What is 4551'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.

4551 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: 4551 is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).


Share Price vs Fair Value

What is the Fair Price of 4551 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4551 (NT$153) is trading below our estimate of fair value (NT$709.74)

Significantly Below Fair Value: 4551 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Global PMX forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4551's forecast earnings growth (12% per year) is above the savings rate (0.7%).

Earnings vs Market: 4551's earnings (12% per year) are forecast to grow faster than the TW market (6.1% per year).

High Growth Earnings: 4551's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4551's revenue (12.2% per year) is forecast to grow faster than the TW market (7.3% per year).

High Growth Revenue: 4551's revenue (12.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4551's Return on Equity is forecast to be low in 3 years time (19%).


Discover growth companies

Past Performance

How has Global PMX performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4551 has high quality earnings.

Growing Profit Margin: 4551's current net profit margins (14%) are lower than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: 4551's earnings have grown by 19.8% per year over the past 5 years.

Accelerating Growth: 4551's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4551 had negative earnings growth (-1.5%) over the past year, making it difficult to compare to the Auto Components industry average (4.9%).


Return on Equity

High ROE: 4551's Return on Equity (16.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Global PMX's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4551's short term assets (NT$8.0B) exceed its short term liabilities (NT$5.2B).

Long Term Liabilities: 4551's short term assets (NT$8.0B) exceed its long term liabilities (NT$574.3M).


Debt to Equity History and Analysis

Debt Level: 4551 has more cash than its total debt.

Reducing Debt: 4551's debt to equity ratio has reduced from 40.2% to 29.9% over the past 5 years.

Debt Coverage: 4551's debt is well covered by operating cash flow (66.7%).

Interest Coverage: 4551's interest payments on its debt are well covered by EBIT (87.1x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.27%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 4551's dividend (3.27%) is higher than the bottom 25% of dividend payers in the TW market (2.47%).

High Dividend: 4551's dividend (3.27%) is low compared to the top 25% of dividend payers in the TW market (6.47%).


Stability and Growth of Payments

Stable Dividend: 4551 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 4551's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.9%), 4551's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (74.4%), 4551's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

8.0yrs

Average management tenure


CEO

En-Dao Lin

11.58yrs

Tenure

NT$12,142,000

Compensation

Mr. En-Dao Lin serves as General Manager at Global PMX Co., Ltd. since January 1, 2011 and serves as its Director since October 21, 2013. He has been an Executive Director at Global PMX Co.,Ltd.(in Zhejia...


CEO Compensation Analysis

Compensation vs Market: En-Dao's total compensation ($USD404.71K) is above average for companies of similar size in the TW market ($USD175.01K).

Compensation vs Earnings: En-Dao's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 4551's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: 4551's board of directors are considered experienced (8.8 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 PMX Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Global PMX Co., Ltd.
  • Ticker: 4551
  • Exchange: TWSE
  • Founded: 1987
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: NT$17.744b
  • Shares outstanding: 115.22m
  • Website: https://www.global.com.tw

Location

  • Global PMX Co., Ltd.
  • No. 102, Xintai 5th Road
  • 16th Floor
  • New Taipei City
  • 22102
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.