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 established dividend payer.
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 36.1% over the past year.
Return vs Market: 4506 underperformed the TW Market which returned 42% 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
2 months ago | Simply Wall StReturns Are Gaining Momentum At Golden Friends (GTSM:4506)
3 months ago | Simply Wall StGolden Friends Corporation (GTSM:4506) Shares Could Be 22% Above Their Intrinsic Value Estimate
3 months ago | Simply Wall StGolden Friends (GTSM:4506) Has A Rock Solid Balance Sheet
Is Golden Friends undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 4506 (NT$59.5) is trading below our estimate of fair value (NT$98.61)
Significantly Below Fair Value: 4506 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 4506 is good value based on its PE Ratio (14.7x) compared to the TW Machinery industry average (18.6x).
PE vs Market: 4506 is good value based on its PE Ratio (14.7x) compared to the TW market (18.6x).
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 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 Golden Friends 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.
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 (16.2%) are higher than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: 4506's earnings have grown by 1.3% per year over the past 5 years.
Accelerating Growth: 4506's earnings growth over the past year (6.8%) exceeds its 5-year average (1.3% per year).
Earnings vs Industry: 4506 earnings growth over the past year (6.8%) underperformed the Machinery industry 16.1%.
Return on Equity
High ROE: 4506's Return on Equity (15.5%) is considered low.
How is Golden Friends's financial position?
Financial Position Analysis
Short Term Liabilities: 4506's short term assets (NT$5.0B) exceed its short term liabilities (NT$3.1B).
Long Term Liabilities: 4506's short term assets (NT$5.0B) exceed its long term liabilities (NT$51.2M).
Debt to Equity History and Analysis
Debt Level: 4506 is debt free.
Reducing Debt: 4506 has no debt compared to 5 years ago when its debt to equity ratio was 10%.
Debt Coverage: 4506 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 4506 has no debt, therefore 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 (5.04%) is higher than the bottom 25% of dividend payers in the TW market (1.83%).
High Dividend: 4506's dividend (5.04%) is in the top 25% of dividend payers in the TW market (4.94%)
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 (74.1%), 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: TPEX
- Founded: 1974
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: NT$10.497b
- Shares outstanding: 177.01m
- Website: https://www.gfc.com.tw
Number of Employees
- Golden Friends Corporation
- No. 88, Nanjing East Road
- 13th Floor
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||2021/07/23 16:50|
|End of Day Share Price||2021/07/23 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.