GTSM:5511

Stock Analysis Report

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Te Chang Construction

Executive Summary

Te Chang Construction Co., Ltd. operates in the construction industry. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.

Share Price & News

How has Te Chang Construction's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5511 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 5511's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

5511

1.4%

TW Construction

0.9%

TW Market


1 Year Return

-0.5%

5511

19.2%

TW Construction

18.7%

TW Market

Return vs Industry: 5511 underperformed the TW Construction industry which returned 19.2% over the past year.

Return vs Market: 5511 underperformed the TW Market which returned 18.7% over the past year.


Shareholder returns

5511IndustryMarket
7 Day1.2%1.4%0.9%
30 Day3.7%3.3%7.1%
90 Day2.3%8.6%8.2%
1 Year7.1%-0.5%25.2%19.2%23.0%18.7%
3 Year91.0%55.7%59.1%36.9%44.9%28.8%
5 Year37.3%-6.8%103.2%58.6%94.4%60.3%

Long-Term Price Volatility Vs. Market

How volatile is Te Chang Construction's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Te Chang Construction undervalued compared to its fair value and its price relative to the market?

8.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 5511 (NT$30.6) is trading above our estimate of fair value (NT$24.74)

Significantly Below Fair Value: 5511 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 5511 is good value based on its PE Ratio (8.6x) compared to the TW Construction industry average (15.8x).

PE vs Market: 5511 is good value based on its PE Ratio (8.6x) compared to the TW market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5511's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5511 is good value based on its PB Ratio (0.8x) compared to the TW Construction industry average (1.1x).


Next Steps

Future Growth

How is Te Chang Construction forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.4%

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 Te Chang Construction 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 Te Chang Construction performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5511 has high quality earnings.

Growing Profit Margin: 5511's current net profit margins (7.7%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: 5511's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: 5511's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5511 had negative earnings growth (-29.8%) over the past year, making it difficult to compare to the Construction industry average (6.7%).


Return on Equity

High ROE: 5511's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is Te Chang Construction's financial position?


Financial Position Analysis

Short Term Liabilities: 5511's short term assets (NT$7.9B) exceed its short term liabilities (NT$4.5B).

Long Term Liabilities: 5511's short term assets (NT$7.9B) exceed its long term liabilities (NT$230.4M).


Debt to Equity History and Analysis

Debt Level: 5511's debt to equity ratio (21.8%) is considered satisfactory.

Reducing Debt: 5511's debt to equity ratio has increased from 11.2% to 21.8% over the past 5 years.

Debt Coverage: 5511's debt is not well covered by operating cash flow (5.9%).

Interest Coverage: 5511 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Te Chang Construction current dividend yield, its reliability and sustainability?

7.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5511's dividend (7.19%) is higher than the bottom 25% of dividend payers in the TW market (2.14%).

High Dividend: 5511's dividend (7.19%) is in the top 25% of dividend payers in the TW market (5.23%)


Stability and Growth of Payments

Stable Dividend: 5511's dividend payments have been volatile in the past 10 years.

Growing Dividend: 5511's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62%), 5511'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.


Next Steps

Management

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


CEO

Feng-Chung Chen

no data

Tenure

Mr. Feng-Chung Chen serves as President of Te Chang Construction Co., Ltd. Mr. Chen has decades of onsite construction experience as Director of company technicians. He stresses professional management pra...


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

Te Chang Construction Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Te Chang Construction Co., Ltd.
  • Ticker: 5511
  • Exchange: GTSM
  • Founded: 1986
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: NT$3.460b
  • Shares outstanding: 113.44m
  • Website: https://www.tccon.com.tw

Location

  • Te Chang Construction Co., Ltd.
  • No. 401-1, Wuquan Road
  • 1st Floor
  • Taichung City
  • 404
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5511GTSM (Taipei Exchange)YesCommon StockTWTWDOct 1999

Biography

Te Chang Construction Co., Ltd. operates in the construction industry. It undertakes various projects, such as public, commercial, and office building projects; hospital, school, and civil engineering proj...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 08:40
End of Day Share Price2020/11/26 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.