Nova Technology Corp. provides services for semiconductor plants, photonics plants, solar energy, biotech, pharmaceutical, and chemical industrial manufacturers in Taiwan, China, Vietnam, Singapore, and Malaysia. More Details
Excellent balance sheet with acceptable track record.
Share Price & News
How has Nova Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6613 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 6613's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 6613 underperformed the TW Machinery industry which returned 19% over the past year.
Return vs Market: 6613 underperformed the TW Market which returned 20.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Nova Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Or Shouldn't You: A Dividend Analysis on Nova Technology Corp. (GTSM:6613)
4 weeks ago | Simply Wall StCould The Market Be Wrong About Nova Technology Corp. (GTSM:6613) Given Its Attractive Financial Prospects?
1 month ago | Simply Wall StWhy We Like The Returns At Nova Technology (GTSM:6613)
Is Nova Technology 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: 6613 (NT$139) is trading above our estimate of fair value (NT$112.76)
Significantly Below Fair Value: 6613 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6613 is good value based on its PE Ratio (10.4x) compared to the TW Machinery industry average (17.5x).
PE vs Market: 6613 is good value based on its PE Ratio (10.4x) compared to the TW market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6613's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6613 is overvalued based on its PB Ratio (2.1x) compared to the TW Machinery industry average (1.8x).
How is Nova Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Nova Technology 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.
- Examine Nova Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
How has Nova Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6613 has high quality earnings.
Growing Profit Margin: 6613's current net profit margins (11.1%) are lower than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: 6613's earnings have grown by 18.6% per year over the past 5 years.
Accelerating Growth: 6613's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6613 had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Machinery industry average (-10.4%).
Return on Equity
High ROE: 6613's Return on Equity (20.3%) is considered high.
How is Nova Technology's financial position?
Financial Position Analysis
Short Term Liabilities: 6613's short term assets (NT$4.3B) exceed its short term liabilities (NT$2.0B).
Long Term Liabilities: 6613's short term assets (NT$4.3B) exceed its long term liabilities (NT$298.2M).
Debt to Equity History and Analysis
Debt Level: 6613's debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 6613's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6613's debt is well covered by operating cash flow (168.6%).
Interest Coverage: 6613 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Nova Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6613's dividend (7.19%) is higher than the bottom 25% of dividend payers in the TW market (2.1%).
High Dividend: 6613's dividend (7.19%) is in the top 25% of dividend payers in the TW market (5.17%)
Stability and Growth of Payments
Stable Dividend: 6613 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 6613's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.1%), 6613's 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?
Average management tenure
Mr. Wei Ma, also known as David, has been President at Nova Technology Corp. since March 01, 2020 and serves as its R&D Head. Mr. Ma served as an Executive Vice President at Nova Technology Corp. since Feb...
|President and Head of R&D||0.75yr||no data||no data|
|CFO & Head of Accounting||4.33yrs||no data||no data|
|Vice President of Technological Business Division||8.83yrs||no data||no data|
|Vice President||9.92yrs||no data||no data|
Experienced Management: 6613's management team is seasoned and experienced (6.6 years average tenure).
|Chairman of Board of Directors||13.75yrs||no data||no data|
|Vice Chairman of Board||0.58yr||no data||no data|
|Independent Director||3.42yrs||NT$786.00k||no data|
|Independent Director||4yrs||NT$756.00k||no data|
|Director||4.58yrs||no data||no data|
|Independent Director||4yrs||NT$756.00k||no data|
|Independent Director||1.58yrs||NT$470.00k||no data|
Experienced Board: 6613's board of directors are considered experienced (4 years average tenure).
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.
Nova Technology Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Nova Technology Corp.
- Ticker: 6613
- Exchange: GTSM
- Founded: 1997
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: NT$4.716b
- Shares outstanding: 33.93m
- Website: https://www.novatech.com.tw
Number of Employees
- Nova Technology Corp.
- No. 76, Jiafeng South Road
- 10th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|6613||GTSM (Taipei Exchange)||Yes||Common Stock||TW||TWD||Dec 2016|
Nova Technology Corp. provides services for semiconductor plants, photonics plants, solar energy, biotech, pharmaceutical, and chemical industrial manufacturers in Taiwan, China, Vietnam, Singapore, and Ma...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 08:35|
|End of Day Share Price||2020/12/01 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.