TSEC:2459

Stock Analysis Report

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Executive Summary

Audix Corporation manufactures and distributes electronic components. More Details


Snowflake Analysis

Undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2459 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 2459's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

2459

1.5%

TW Electrical

-0.04%

TW Market


1 Year Return

10.9%

2459

18.0%

TW Electrical

17.8%

TW Market

Return vs Industry: 2459 underperformed the TW Electrical industry which returned 18% over the past year.

Return vs Market: 2459 underperformed the TW Market which returned 17.8% over the past year.


Shareholder returns

2459IndustryMarket
7 Day-1.2%1.5%-0.04%
30 Day4.4%2.3%6.2%
90 Day16.0%6.6%7.0%
1 Year19.4%10.9%22.7%18.0%22.0%17.8%
3 Year32.7%5.8%28.9%14.3%42.1%26.4%
5 Year101.9%40.4%83.1%51.0%93.0%59.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Audix 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: 2459 (NT$46.75) is trading below our estimate of fair value (NT$129.76)

Significantly Below Fair Value: 2459 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2459 is good value based on its PE Ratio (10.4x) compared to the TW Electrical industry average (16.2x).

PE vs Market: 2459 is good value based on its PE Ratio (10.4x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2459's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2459 is good value based on its PB Ratio (1.1x) compared to the TW Electrical industry average (1.4x).


Next Steps

Future Growth

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

16.0%

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 Audix 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 Audix performed over the past 5 years?

3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2459 has high quality earnings.

Growing Profit Margin: 2459's current net profit margins (7.2%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: 2459's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: 2459's earnings growth over the past year (13.3%) exceeds its 5-year average (3.1% per year).

Earnings vs Industry: 2459 earnings growth over the past year (13.3%) exceeded the Electrical industry 1.8%.


Return on Equity

High ROE: 2459's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Audix's financial position?


Financial Position Analysis

Short Term Liabilities: 2459's short term assets (NT$6.2B) exceed its short term liabilities (NT$2.5B).

Long Term Liabilities: 2459's short term assets (NT$6.2B) exceed its long term liabilities (NT$1.2B).


Debt to Equity History and Analysis

Debt Level: 2459's debt to equity ratio (48.2%) is considered high.

Reducing Debt: 2459's debt to equity ratio has increased from 34.8% to 48.2% over the past 5 years.

Debt Coverage: 2459's debt is well covered by operating cash flow (55.2%).

Interest Coverage: 2459 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Audix current dividend yield, its reliability and sustainability?

6.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2459's dividend (6.42%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).

High Dividend: 2459's dividend (6.42%) is in the top 25% of dividend payers in the TW market (5.24%)


Stability and Growth of Payments

Stable Dividend: 2459's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2459's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67%), 2459'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?


CEO

Zheng Hong Zhong

no data

Tenure

Zheng Hong Zhong serves as Chairman and Managing Director at Audix Corporation.


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

Audix Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Audix Corporation
  • Ticker: 2459
  • Exchange: TSEC
  • Founded: 1980
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$4.942b
  • Shares outstanding: 105.60m
  • Website: https://www.audix.com

Location

  • Audix Corporation
  • No.8, Lane 120
  • Sec.1
  • Taipei
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2459TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 1999

Biography

Audix Corporation manufactures and distributes electronic components. The company manufactures electronic components, such as relays, transformers, chokes, and couplers; precision molds and finished produc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:41
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.