GTSM:2061

Stock Analysis Report

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Executive Summary

Feng Ching Metal Corporation produces and sells copper wires and enameled copper wires primarily for use in electronic, electrical appliance, and communication technology industries in Taiwan and internationally. More Details


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has Feng Ching Metal's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2061 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 2061's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

1.2%

2061

1.5%

TW Electrical

0.9%

TW Market


1 Year Return

-13.3%

2061

18.5%

TW Electrical

18.7%

TW Market

Return vs Industry: 2061 underperformed the TW Electrical industry which returned 18% over the past year.

Return vs Market: 2061 underperformed the TW Market which returned 17.8% over the past year.


Shareholder returns

2061IndustryMarket
7 Day1.2%1.5%0.9%
30 Day3.8%3.4%7.1%
90 Day27.7%6.7%8.2%
1 Year-13.3%-13.3%23.2%18.5%23.0%18.7%
3 Year9.1%2.8%28.8%14.2%44.9%28.8%
5 Year-1.3%-7.0%83.9%51.6%94.4%60.3%

Long-Term Price Volatility Vs. Market

How volatile is Feng Ching Metal's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Feng Ching Metal undervalued compared to its fair value and its price relative to the market?

1650.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2061 (NT$12.35) is trading above our estimate of fair value (NT$1.04)

Significantly Below Fair Value: 2061 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2061 is poor value based on its PE Ratio (1650.6x) compared to the TW Electrical industry average (16.2x).

PE vs Market: 2061 is poor value based on its PE Ratio (1650.6x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2061's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2061 is good value based on its PB Ratio (1.2x) compared to the TW Electrical industry average (1.4x).


Next Steps

Future Growth

How is Feng Ching Metal forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.0%

Forecasted Capital Goods 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 Feng Ching Metal 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.


Next Steps

Past Performance

How has Feng Ching Metal performed over the past 5 years?

28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2061 has a large one-off gain of NT$9.7M impacting its September 30 2020 financial results.

Growing Profit Margin: 2061 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 2061 has become profitable over the past 5 years, growing earnings by 28.4% per year.

Accelerating Growth: 2061 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2061 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (1.8%).


Return on Equity

High ROE: 2061's Return on Equity (0.07%) is considered low.


Next Steps

Financial Health

How is Feng Ching Metal's financial position?


Financial Position Analysis

Short Term Liabilities: 2061's short term assets (NT$706.4M) exceed its short term liabilities (NT$277.1M).

Long Term Liabilities: 2061's short term assets (NT$706.4M) exceed its long term liabilities (NT$70.8M).


Debt to Equity History and Analysis

Debt Level: 2061's debt to equity ratio (54.5%) is considered high.

Reducing Debt: 2061's debt to equity ratio has increased from 48.7% to 54.5% over the past 5 years.

Debt Coverage: 2061's debt is well covered by operating cash flow (20.9%).

Interest Coverage: 2061's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Next Steps

Dividend

What is Feng Ching Metal current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2061's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2061'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 2061's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2061's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2061 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2061's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

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


CEO

Feng Ching Metal has no CEO, or we have no data on them.


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

Feng Ching Metal Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Feng Ching Metal Corporation
  • Ticker: 2061
  • Exchange: GTSM
  • Founded: 1983
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$706.865m
  • Shares outstanding: 57.24m
  • Website: https://www.fcm.com.tw

Location

  • Feng Ching Metal Corporation
  • 4, No. 38, Xinguang Road
  • 30th Floor
  • Kaohsiung
  • 802
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2061GTSM (Taipei Exchange)YesCommon StockTWTWDMar 2005

Biography

Feng Ching Metal Corporation produces and sells copper wires and enameled copper wires primarily for use in electronic, electrical appliance, and communication technology industries in Taiwan and internati...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:37
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.