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4972

Tons Lightology TPEX:4972 Stock Report

Last Price

NT$29.50

Market Cap

NT$1.1b

7D

-1.2%

1Y

-8.4%

Updated

02 Jul, 2022

Data

Company Financials
4972 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends6/6

4972 Stock Overview

Tons Lightology Inc., together with its subsidiaries, designs and manufactures commercial lighting products in Taiwan, rest of Asia, Europe, Oceania, and internationally.

Tons Lightology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tons Lightology
Historical stock prices
Current Share PriceNT$29.50
52 Week HighNT$33.90
52 Week LowNT$29.45
Beta0.24
1 Month Change-9.23%
3 Month Change-10.20%
1 Year Change-8.39%
3 Year Change-5.15%
5 Year Change-9.16%
Change since IPO-51.03%

Recent News & Updates

Shareholder Returns

4972TW ElectricalTW Market
7D-1.2%-5.0%-6.4%
1Y-8.4%1.1%-18.9%

Return vs Industry: 4972 underperformed the TW Electrical industry which returned 1.1% over the past year.

Return vs Market: 4972 exceeded the TW Market which returned -18.9% over the past year.

Price Volatility

Is 4972's price volatile compared to industry and market?
4972 volatility
4972 Average Weekly Movement2.0%
Electrical Industry Average Movement5.0%
Market Average Movement4.9%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.3%

Stable Share Price: 4972 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 4972's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992607Chia-Cheng Hunghttps://www.tonslight.com

Tons Lightology Inc., together with its subsidiaries, designs and manufactures commercial lighting products in Taiwan, rest of Asia, Europe, Oceania, and internationally. The company offers light-emitting diode, high-intensity discharge, fluorescent, and halogen lighting products. Its indoor lighting products include tracks and structures, luminaires for tracks, recessed downlights, frameless and adjustable downlights, assemblies, surface-mounted ceiling lights, pendant lights, wall lights, display spotlights, linear lights, task lights, and micro track lights.

Tons Lightology Fundamentals Summary

How do Tons Lightology's earnings and revenue compare to its market cap?
4972 fundamental statistics
Market CapNT$1.12b
Earnings (TTM)NT$105.18m
Revenue (TTM)NT$1.08b

10.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4972 income statement (TTM)
RevenueNT$1.08b
Cost of RevenueNT$712.65m
Gross ProfitNT$372.33m
Other ExpensesNT$267.16m
EarningsNT$105.18m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.78
Gross Margin34.32%
Net Profit Margin9.69%
Debt/Equity Ratio0%

How did 4972 perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

77%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 4972 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4972?

Other financial metrics that can be useful for relative valuation.

4972 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/Revenue0.4x
Enterprise Value/EBITDA2.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 4972's PE Ratio compare to its peers?

4972 PE Ratio vs Peers
The above table shows the PE ratio for 4972 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
8115 Dee Van Enterprise
5.6xn/aNT$1.1b
6272 Wieson Technologies
6.4xn/aNT$910.0m
3043 Powercom
9.2xn/aNT$849.7m
2061 Feng Ching Metal
16.4xn/aNT$843.9m
4972 Tons Lightology
10.6xn/aNT$1.1b

Price-To-Earnings vs Peers: 4972 is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does 4972's PE Ratio compare vs other companies in the TW Electrical Industry?

Price-To-Earnings vs Industry: 4972 is good value based on its Price-To-Earnings Ratio (10.6x) compared to the TW Electrical industry average (14.7x)


Price to Earnings Ratio vs Fair Ratio

What is 4972's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4972 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4972's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 4972 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4972 (NT$29.5) is trading below our estimate of fair value (NT$81.79)

Significantly Below Fair Value: 4972 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4972's PEG Ratio to determine if it is good value.


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Future Growth

How is Tons Lightology 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


19.4%

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 Tons Lightology 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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  • Examine whether Tons Lightology is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Tons Lightology performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4972 has high quality earnings.

Growing Profit Margin: 4972's current net profit margins (9.7%) are lower than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: 4972's earnings have declined by 12.1% per year over the past 5 years.

Accelerating Growth: 4972's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4972 had negative earnings growth (-15%) over the past year, making it difficult to compare to the Electrical industry average (8.1%).


Return on Equity

High ROE: 4972's Return on Equity (9.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Tons Lightology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4972's short term assets (NT$1.0B) exceed its short term liabilities (NT$302.3M).

Long Term Liabilities: 4972's short term assets (NT$1.0B) exceed its long term liabilities (NT$18.6M).


Debt to Equity History and Analysis

Debt Level: 4972 is debt free.

Reducing Debt: 4972 has not had any debt for past 5 years.

Debt Coverage: 4972 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 4972 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tons Lightology current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.12%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 4972's dividend (7.12%) is higher than the bottom 25% of dividend payers in the TW market (2.73%).

High Dividend: 4972's dividend (7.12%) is in the top 25% of dividend payers in the TW market (6.66%)


Stability and Growth of Payments

Stable Dividend: 4972's dividends per share have been stable in the past 10 years.

Growing Dividend: 4972's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (76.9%), 4972's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.9%), 4972's dividend payments are well covered by cash flows.


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Management

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

13.9yrs

Average management tenure


CEO

Chia-Cheng Hung

14.5yrs

Tenure

Mr. Chia-Cheng Hung serves as the General Manager of Tons Lightology Inc. since August 1, 2020 and has been its Director since March 8, 2002. He served as Executive Vice General Manager of Tons Lightology...


Leadership Team

Experienced Management: 4972's management team is seasoned and experienced (13.9 years average tenure).


Board Members

Experienced Board: 4972's board of directors are considered experienced (6.2 years average tenure).


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

Tons Lightology Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tons Lightology Inc.
  • Ticker: 4972
  • Exchange: TPEX
  • Founded: 1992
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: NT$1.117b
  • Shares outstanding: 37.87m
  • Website: https://www.tonslight.com

Number of Employees


Location

  • Tons Lightology Inc.
  • No.236, Bo’ai Street
  • 4th Floor
  • New Taipei City
  • 23845
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
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.