TSEC:2012

Stock Analysis Report

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Executive Summary

Chun Yu Works & Co., Ltd. manufactures and sells various fastener products in Taiwan, Indonesia, the United States, and China. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Chun Yu Works's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2012 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 2012's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

3.7%

2012

-0.1%

TW Machinery

-0.04%

TW Market


1 Year Return

-15.4%

2012

15.5%

TW Machinery

17.8%

TW Market

Return vs Industry: 2012 underperformed the TW Machinery industry which returned 15.5% over the past year.

Return vs Market: 2012 underperformed the TW Market which returned 17.8% over the past year.


Shareholder returns

2012IndustryMarket
7 Day3.7%-0.1%-0.04%
30 Day3.7%4.3%6.2%
90 Day4.0%3.1%7.0%
1 Year-9.3%-15.4%18.8%15.5%22.0%17.8%
3 Year38.8%17.9%16.0%5.2%42.1%26.4%
5 Year49.5%16.3%99.7%68.2%93.0%59.1%

Long-Term Price Volatility Vs. Market

How volatile is Chun Yu Works's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chun Yu Works 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: 2012 (NT$16.8) is trading below our estimate of fair value (NT$74.99)

Significantly Below Fair Value: 2012 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2012 is poor value based on its PE Ratio (23.2x) compared to the TW Machinery industry average (16.5x).

PE vs Market: 2012 is poor value based on its PE Ratio (23.2x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2012's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2012 is good value based on its PB Ratio (1.3x) compared to the TW Machinery industry average (1.7x).


Next Steps

Future Growth

How is Chun Yu Works forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.2%

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 Chun Yu Works 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 Chun Yu Works performed over the past 5 years?

16.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2012 has high quality earnings.

Growing Profit Margin: 2012's current net profit margins (2.4%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: 2012's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: 2012's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2012 had negative earnings growth (-60.5%) over the past year, making it difficult to compare to the Machinery industry average (-10.4%).


Return on Equity

High ROE: 2012's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Chun Yu Works's financial position?


Financial Position Analysis

Short Term Liabilities: 2012's short term assets (NT$6.2B) exceed its short term liabilities (NT$3.5B).

Long Term Liabilities: 2012's short term assets (NT$6.2B) exceed its long term liabilities (NT$3.0B).


Debt to Equity History and Analysis

Debt Level: 2012's debt to equity ratio (120.2%) is considered high.

Reducing Debt: 2012's debt to equity ratio has increased from 110.2% to 120.2% over the past 5 years.

Debt Coverage: 2012's debt is not well covered by operating cash flow (19%).

Interest Coverage: 2012's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Chun Yu Works's current dividend yield, its reliability and sustainability?

7.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2012's dividend (7.14%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).

High Dividend: 2012's dividend (7.14%) is in the top 25% of dividend payers in the TW market (5.24%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 2012 has been paying a dividend for less than 10 years.

Growing Dividend: 2012's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (165.6%), 2012's dividend payments are not 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

Simon Lee

no data

Tenure

Simon Lee serves as the Chief Executive Officer and President of Chun Yu Works & 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

Chun Yu Works & Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chun Yu Works & Co., Ltd.
  • Ticker: 2012
  • Exchange: TSEC
  • Founded: 1949
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: NT$4.395b
  • Shares outstanding: 263.94m
  • Website: https://www.chunyu.com.tw

Location

  • Chun Yu Works & Co., Ltd.
  • No. 100, Tapao Street
  • Kangshan
  • Kaohsiung
  • 82063
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2012TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 1992

Biography

Chun Yu Works & Co., Ltd. manufactures and sells various fastener products in Taiwan, Indonesia, the United States, and China. The company offers automotive, bike, railway system, construction and building...


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 Price2020/11/26 00:00
Earnings2020/09/30
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.