GTSM:8115

Stock Analysis Report

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Executive Summary

Dee Van Enterprise Co., Ltd. develops, produces, and sells external power supply products in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Dee Van Enterprise's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8115 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 8115's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

8115

1.5%

TW Electrical

-0.04%

TW Market


1 Year Return

2.9%

8115

18.0%

TW Electrical

17.8%

TW Market

Return vs Industry: 8115 underperformed the TW Electrical industry which returned 18% over the past year.

Return vs Market: 8115 underperformed the TW Market which returned 17.8% over the past year.


Shareholder returns

8115IndustryMarket
7 Day-0.6%1.5%-0.04%
30 Day0.8%2.3%6.2%
90 Day-3.8%6.6%7.0%
1 Year8.8%2.9%22.7%18.0%22.0%17.8%
3 Year31.8%0%28.9%14.3%42.1%26.4%
5 Year117.1%46.5%83.1%51.0%93.0%59.1%

Long-Term Price Volatility Vs. Market

How volatile is Dee Van Enterprise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dee Van Enterprise undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8115 (NT$17.95) is trading below our estimate of fair value (NT$222.74)

Significantly Below Fair Value: 8115 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8115 is good value based on its PE Ratio (5x) compared to the TW Electrical industry average (16.2x).

PE vs Market: 8115 is good value based on its PE Ratio (5x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8115's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8115 is good value based on its PB Ratio (0.5x) compared to the TW Electrical industry average (1.4x).


Next Steps

Future Growth

How is Dee Van Enterprise 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 Dee Van Enterprise 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 Dee Van Enterprise performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8115 has a large one-off gain of NT$52.9M impacting its June 30 2020 financial results.

Growing Profit Margin: 8115's current net profit margins (9.1%) are lower than last year (16.7%).


Past Earnings Growth Analysis

Earnings Trend: 8115's earnings have declined by 0.5% per year over the past 5 years.

Accelerating Growth: 8115's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8115 had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Electrical industry average (1.8%).


Return on Equity

High ROE: 8115's Return on Equity (11%) is considered low.


Next Steps

Financial Health

How is Dee Van Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: 8115's short term assets (NT$2.3B) exceed its short term liabilities (NT$1.4B).

Long Term Liabilities: 8115's short term assets (NT$2.3B) exceed its long term liabilities (NT$608.2M).


Debt to Equity History and Analysis

Debt Level: 8115's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: 8115's debt to equity ratio has reduced from 28.5% to 18.4% over the past 5 years.

Debt Coverage: 8115's debt is well covered by operating cash flow (71.1%).

Interest Coverage: 8115 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Dee Van Enterprise current dividend yield, its reliability and sustainability?

5.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8115's dividend (5.57%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).

High Dividend: 8115's dividend (5.57%) is in the top 25% of dividend payers in the TW market (5.24%)


Stability and Growth of Payments

Stable Dividend: 8115 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8115's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.7%), 8115's dividend payments are well 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

Jian Shun Fu

no data

Tenure

Jian Shun Fu serves as the General Manager of Dee Van Enterprise Co., Ltd.


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

Dee Van Enterprise Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dee Van Enterprise Co., Ltd.
  • Ticker: 8115
  • Exchange: GTSM
  • Founded: 1971
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$1.257b
  • Shares outstanding: 70.00m
  • Website: https://www.deevan.com.tw

Location

  • Dee Van Enterprise Co., Ltd.
  • No.5, Baogao Road
  • Xindian District
  • New Taipei City
  • 21344
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8115GTSM (Taipei Exchange)YesCommon StockTWTWDMay 2006

Biography

Dee Van Enterprise Co., Ltd. develops, produces, and sells external power supply products in Taiwan. The company provides a range of adaptors, such as desktop, interchangeable blades, wall mounts, LED driv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:33
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
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.