TSEC:1507

Stock Analysis Report

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Executive Summary

Yungtay Engineering Co., Ltd., together with its subsidiaries, engages in the design, construction, sale, installation, repair, and maintenance of elevators, escalators, food delivery machines, central air conditioning units, and elevator motors in Taiwan and internationally. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Yungtay Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1507 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.8%

1507

2.3%

TW Machinery

1.1%

TW Market


1 Year Return

0%

1507

12.3%

TW Machinery

14.2%

TW Market

Return vs Industry: 1507 underperformed the TW Machinery industry which returned 13.1% over the past year.

Return vs Market: 1507 underperformed the TW Market which returned 14.1% over the past year.


Shareholder returns

1507IndustryMarket
7 Day0.8%2.3%1.1%
30 Day21.8%2.8%2.2%
90 Day19.8%6.3%4.4%
1 Year4.0%0%15.5%12.3%18.3%14.2%
3 Year24.2%11.5%14.8%4.0%34.5%19.6%
5 Year55.8%25.7%85.0%56.3%81.9%49.8%

Price Volatility Vs. Market

How volatile is Yungtay Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yungtay Engineering undervalued compared to its fair value and its price relative to the market?

10.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1507 (NT$66) is trading below our estimate of fair value (NT$73.7)

Significantly Below Fair Value: 1507 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1507 is poor value based on its PE Ratio (21.7x) compared to the TW Machinery industry average (16.2x).

PE vs Market: 1507 is poor value based on its PE Ratio (21.7x) compared to the TW market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1507's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1507 is overvalued based on its PB Ratio (2.5x) compared to the TW Machinery industry average (1.8x).


Next Steps

Future Growth

How is Yungtay Engineering forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

27.2%

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 Yungtay Engineering 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 Yungtay Engineering performed over the past 5 years?

-21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1507 has a large one-off gain of NT$275.8M impacting its June 30 2020 financial results.

Growing Profit Margin: 1507's current net profit margins (8.9%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 1507's earnings have declined by 21.7% per year over the past 5 years.

Accelerating Growth: 1507's earnings growth over the past year (157.8%) exceeds its 5-year average (-21.7% per year).

Earnings vs Industry: 1507 earnings growth over the past year (157.8%) exceeded the Machinery industry -11.3%.


Return on Equity

High ROE: 1507's Return on Equity (11.7%) is considered low.


Next Steps

Financial Health

How is Yungtay Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: 1507's short term assets (NT$15.7B) exceed its short term liabilities (NT$11.4B).

Long Term Liabilities: 1507's short term assets (NT$15.7B) exceed its long term liabilities (NT$498.4M).


Debt to Equity History and Analysis

Debt Level: 1507 is debt free.

Reducing Debt: 1507 had no debt 5 years ago.

Debt Coverage: 1507 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1507 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Yungtay Engineering current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1507's dividend (3.33%) is higher than the bottom 25% of dividend payers in the TW market (2.23%).

High Dividend: 1507's dividend (3.33%) is low compared to the top 25% of dividend payers in the TW market (5.49%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1507 has been paying a dividend for less than 10 years.

Growing Dividend: 1507 has only been paying a dividend for 9 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.4%), 1507'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.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Yu Tsai Shang

1.42yrs

Tenure

Mr. Yu Tsai Shang serves as General Manager at Yungtay Engineering Co., Ltd since May 2019. he completed Master of Management from Shanghai Jiao Tong University.


Leadership Team

NamePositionTenureCompensationOwnership
Yu Tsai Shang
General Manager1.42yrsno data0.0014%
NT$ 377.6k
Hsun Chang Jui
Financial Manager5.17yrsno datano data
Sheng Lin Tung
Operation & Management Assistant Manager5yrsno datano data
Chuan Wei
Accounting Officer & Human Resources Officer1.5yrsno datano data
Hsiang Lin Yu
Legal Affairs Division & Assistant Manager1.08yrsno datano data

1.5yrs

Average Tenure

Experienced Management: 1507's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ming Kuang
Member of the Supervisory Board8.33yrsno datano data
Min Yu
Member of the Supervisory Boardno datano datano data
Yang Chen Shih
Independent Director2.33yrsno datano data
Chieh Tsai Fong
Director1.5yrsno datano data
Ming Hsu Tso
Chairman of the Board1.5yrsno datano data
Lixiu Chen
Independent Director1.5yrsno datano data
Fuxiong Huang
Independent Director1.5yrsno datano data
Makoto Nagashima
Director1.5yrsno datano data
Ching Hsu Chao
Director1.5yrsno datano data

1.5yrs

Average Tenure

Experienced Board: 1507's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

Yungtay Engineering Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yungtay Engineering Co., Ltd.
  • Ticker: 1507
  • Exchange: TSEC
  • Founded: 1966
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: NT$26.974b
  • Shares outstanding: 408.69m
  • Website: https://www.yungtay.com.tw

Number of Employees


Location

  • Yungtay Engineering Co., Ltd.
  • No. 99, Fuxing North Road
  • 11th Floor
  • Taipei
  • 105
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1507TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 1992

Biography

Yungtay Engineering Co., Ltd., together with its subsidiaries, engages in the design, construction, sale, installation, repair, and maintenance of elevators, escalators, food delivery machines, central air ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 14:43
End of Day Share Price2020/10/23 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.