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2061

Feng Ching Metal TPEX:2061 Stock Report

Last Price

NT$17.65

Market Cap

NT$818.4m

7D

-0.3%

1Y

-8.8%

Updated

16 Aug, 2022

Data

Company Financials
2061 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends1/6

2061 Stock Overview

Feng Ching Metal Corporation produces and sells copper wires and enameled copper wires in Taiwan, Mainland China, Vietnam, Thailand, and internationally.

Feng Ching Metal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Feng Ching Metal
Historical stock prices
Current Share PriceNT$17.65
52 Week HighNT$26.50
52 Week LowNT$16.20
Beta0.60
1 Month Change-2.49%
3 Month Change-4.85%
1 Year Change-8.79%
3 Year Change44.52%
5 Year Change27.69%
Change since IPO39.68%

Recent News & Updates

Shareholder Returns

2061TW ElectricalTW Market
7D-0.3%7.3%2.7%
1Y-8.8%18.8%-8.2%

Return vs Industry: 2061 underperformed the TW Electrical industry which returned 18.8% over the past year.

Return vs Market: 2061 matched the TW Market which returned -8.2% over the past year.

Price Volatility

Is 2061's price volatile compared to industry and market?
2061 volatility
2061 Average Weekly Movement3.7%
Electrical Industry Average Movement5.2%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2061 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2061's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/an/ahttps://www.fcm.com.tw

Feng Ching Metal Corporation produces and sells copper wires and enameled copper wires in Taiwan, Mainland China, Vietnam, Thailand, and internationally. The company provides new energy insulated, three-layer insulated and standard, FIW, PI film coated, Teflon high-temperature wires, as well as skeletonless coils. Feng Ching Metal Corporation was founded in 1983 and is headquartered in Kaohsiung, Taiwan.

Feng Ching Metal Fundamentals Summary

How do Feng Ching Metal's earnings and revenue compare to its market cap?
2061 fundamental statistics
Market CapNT$818.41m
Earnings (TTM)-NT$852.00k
Revenue (TTM)NT$921.01m

0.9x

P/S Ratio

-960.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2061 income statement (TTM)
RevenueNT$921.01m
Cost of RevenueNT$848.24m
Gross ProfitNT$72.78m
Other ExpensesNT$73.63m
Earnings-NT$852.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin7.90%
Net Profit Margin-0.092%
Debt/Equity Ratio89.8%

How did 2061 perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

-5,408%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2061 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2061?

Other financial metrics that can be useful for relative valuation.

2061 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA47.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 2061's PS Ratio compare to its peers?

2061 PS Ratio vs Peers
The above table shows the PS ratio for 2061 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.8x
5488 Sunf Pu Technology
0.8xn/aNT$851.8m
3043 Powercom
1xn/aNT$974.4m
6272 Wieson Technologies
0.3xn/aNT$923.3m
4972 Tons Lightology
1xn/aNT$1.2b
2061 Feng Ching Metal
0.9xn/aNT$818.4m

Price-To-Sales vs Peers: 2061 is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

How does 2061's PE Ratio compare vs other companies in the TW Electrical Industry?

Price-To-Sales vs Industry: 2061 is good value based on its Price-To-Sales Ratio (0.9x) compared to the TW Electrical industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is 2061's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2061 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2061's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2061 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2061 (NT$17.65) is trading above our estimate of fair value (NT$14.43)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.1%

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.


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Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2061 is currently unprofitable.

Growing Profit Margin: 2061 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2061 is unprofitable, but has reduced losses over the past 5 years at a rate of 30.2% per year.

Accelerating Growth: Unable to compare 2061's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2061 is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (16.9%).


Return on Equity

High ROE: 2061 has a negative Return on Equity (-0.15%), as it is currently unprofitable.


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Financial Health

How is Feng Ching Metal's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2061's short term assets (NT$972.1M) exceed its short term liabilities (NT$530.0M).

Long Term Liabilities: 2061's short term assets (NT$972.1M) exceed its long term liabilities (NT$137.2M).


Debt to Equity History and Analysis

Debt Level: 2061's net debt to equity ratio (35.2%) is considered satisfactory.

Reducing Debt: 2061's debt to equity ratio has increased from 48.3% to 89.8% over the past 5 years.

Debt Coverage: 2061's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2061's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.67%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2061's dividend (5.67%) is higher than the bottom 25% of dividend payers in the TW market (2.46%).

High Dividend: 2061's dividend (5.67%) is low compared to the top 25% of dividend payers in the TW market (6.46%).


Stability and Growth of Payments

Stable Dividend: 2061's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2061's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: 2061 is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: 2061 is paying a dividend but the company has no free cash flows.


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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 employee growth, exchange listings and data sources


Key Information

  • Name: Feng Ching Metal Corporation
  • Ticker: 2061
  • Exchange: TPEX
  • Founded: 1983
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: NT$818.413m
  • Shares outstanding: 46.37m
  • Website: https://www.fcm.com.tw

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.