Golden Friends Corporation, together with its subsidiaries, manufactures and sells elevators, escalators, and generators in Taiwan. More Details
No risks detected for 4506 from our risk checks.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Golden Friends's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4506 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: 4506's weekly volatility (1%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 4506 underperformed the TW Machinery industry which returned 19.1% over the past year.
Return vs Market: 4506 underperformed the TW Market which returned 18.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Golden Friends's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StShareholders Of Golden Friends (GTSM:4506) Must Be Happy With Their 143% Total Return
3 weeks ago | Simply Wall StIs Golden Friends Corporation's (GTSM:4506) Latest Stock Performance Being Led By Its Strong Fundamentals?
1 month ago | Simply Wall StHere’s What’s Happening With Returns At Golden Friends (GTSM:4506)
Is Golden Friends 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: 4506 (NT$57.5) is trading above our estimate of fair value (NT$37.94)
Significantly Below Fair Value: 4506 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4506 is good value based on its PE Ratio (14x) compared to the TW Machinery industry average (16.6x).
PE vs Market: 4506 is good value based on its PE Ratio (14x) compared to the TW market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 4506's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 4506 is overvalued based on its PB Ratio (2.3x) compared to the TW Machinery industry average (1.7x).
How is Golden Friends forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 4506's forecast earnings growth is above the savings rate (0.9%).
Earnings vs Market: Insufficient data to determine if 4506's earnings are forecast to grow faster than the TW market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 4506's revenue (2.2% per year) is forecast to grow slower than the TW market (8.7% per year).
High Growth Revenue: 4506's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 4506's Return on Equity is forecast to be high in 3 years time
How has Golden Friends performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4506 has high quality earnings.
Growing Profit Margin: 4506's current net profit margins (16.1%) are higher than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: 4506's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: 4506's earnings growth over the past year (6.8%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: 4506 earnings growth over the past year (6.8%) exceeded the Machinery industry -10.4%.
Return on Equity
High ROE: 4506's Return on Equity (16.8%) is considered low.
How is Golden Friends's financial position?
Financial Position Analysis
Short Term Liabilities: 4506's short term assets (NT$4.6B) exceed its short term liabilities (NT$2.9B).
Long Term Liabilities: 4506's short term assets (NT$4.6B) exceed its long term liabilities (NT$26.1M).
Debt to Equity History and Analysis
Debt Level: 4506's debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 4506's debt to equity ratio has reduced from 4.1% to 0.4% over the past 5 years.
Debt Coverage: 4506's debt is well covered by operating cash flow (4335.4%).
Interest Coverage: 4506 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Golden Friends's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4506's dividend (4.7%) is higher than the bottom 25% of dividend payers in the TW market (2.16%).
High Dividend: 4506's dividend (4.7%) is low compared to the top 25% of dividend payers in the TW market (5.26%).
Stability and Growth of Payments
Stable Dividend: 4506's dividends per share have been stable in the past 10 years.
Growing Dividend: 4506's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.8%), 4506's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Golden Friends has no CEO, or we have no data on them.
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.
Golden Friends Corporation's company bio, employee growth, exchange listings and data sources
- Name: Golden Friends Corporation
- Ticker: 4506
- Exchange: GTSM
- Founded: 1974
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: NT$10.178b
- Shares outstanding: 177.01m
- Website: https://www.gfc.com.tw
Number of Employees
- Golden Friends Corporation
- No. 88, Nanjing East Road
- 13th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|4506||GTSM (Taipei Exchange)||Yes||Common Stock||TW||TWD||Oct 1999|
Golden Friends Corporation, together with its subsidiaries, manufactures and sells elevators, escalators, and generators in Taiwan. It operates in three segments: Sales, Maintenance, and GFC Shanghai. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/23 14:30|
|End of Day Share Price||2020/11/20 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.