Aerospace Industrial Development
Market Cap
NT$28.5b
Last Updated
2021/02/28 08:37 UTC
Data Sources
Company Financials +
Executive Summary
Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Aerospace Industrial Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2634 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2634's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
8.8%
2634
7.8%
TW Aerospace & Defense
-2.0%
TW Market
1 Year Return
-3.3%
2634
-9.0%
TW Aerospace & Defense
40.8%
TW Market
Return vs Industry: 2634 exceeded the TW Aerospace & Defense industry which returned -9% over the past year.
Return vs Market: 2634 underperformed the TW Market which returned 40.8% over the past year.
Shareholder returns
| 2634 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.8% | 7.8% | -2.0% |
| 30 Day | 11.6% | 9.8% | 4.0% |
| 90 Day | 5.6% | 3.4% | 14.6% |
| 1 Year | 0.7%-3.3% | -5.0%-9.0% | 45.8%40.8% |
| 3 Year | -0.2%-11.3% | -7.4%-17.5% | 65.6%46.9% |
| 5 Year | -3.1%-18.9% | 38.5%33.0% | 119.9%81.2% |
Long-Term Price Volatility Vs. Market
How volatile is Aerospace Industrial Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Is Aerospace Industrial Development Corporation's (TPE:2634) ROE Of 5.2% Impressive?2 weeks ago | Simply Wall St
What Is The Ownership Structure Like For Aerospace Industrial Development Corporation (TPE:2634)?1 month ago | Simply Wall St
Consider This Before Buying Aerospace Industrial Development Corporation (TPE:2634) For The 4.3% DividendValuation
Is Aerospace Industrial Development undervalued compared to its fair value and its price relative to the market?
39.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2634 (NT$30.3) is trading above our estimate of fair value (NT$15.7)
Significantly Below Fair Value: 2634 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2634's PE Ratio (39.9x) is in line with the TW Aerospace & Defense industry average.
PE vs Market: 2634 is poor value based on its PE Ratio (39.9x) compared to the TW market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: 2634 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 2634 is overvalued based on its PB Ratio (2.1x) compared to the TW Aerospace & Defense industry average (1.5x).
Next Steps
Future Growth
How is Aerospace Industrial Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
100.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2634's forecast earnings growth (100.4% per year) is above the savings rate (0.8%).
Earnings vs Market: 2634's earnings (100.4% per year) are forecast to grow faster than the TW market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2634's revenue (13% per year) is forecast to grow faster than the TW market (11% per year).
High Growth Revenue: 2634's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2634's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Aerospace Industrial Development performed over the past 5 years?
-6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2634 has high quality earnings.
Growing Profit Margin: 2634's current net profit margins (3.1%) are lower than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: 2634's earnings have declined by 6.9% per year over the past 5 years.
Accelerating Growth: 2634's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2634 had negative earnings growth (-63.1%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-63.1%).
Return on Equity
High ROE: 2634's Return on Equity (5.2%) is considered low.
Next Steps
Financial Health
How is Aerospace Industrial Development's financial position?
Financial Position Analysis
Short Term Liabilities: 2634's short term assets (NT$30.8B) exceed its short term liabilities (NT$21.2B).
Long Term Liabilities: 2634's short term assets (NT$30.8B) exceed its long term liabilities (NT$9.8B).
Debt to Equity History and Analysis
Debt Level: 2634's debt to equity ratio (174.7%) is considered high.
Reducing Debt: 2634's debt to equity ratio has increased from 111.7% to 174.7% over the past 5 years.
Debt Coverage: 2634's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 2634's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Aerospace Industrial Development current dividend yield, its reliability and sustainability?
3.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2634's dividend (3.93%) is higher than the bottom 25% of dividend payers in the TW market (1.97%).
High Dividend: 2634's dividend (3.93%) is low compared to the top 25% of dividend payers in the TW market (4.93%).
Stability and Growth of Payments
Stable Dividend: 2634 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2634's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (156.9%), 2634's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Wan-June Ma
1.92yrs
Tenure
Mr. Wan-June Ma serves as Executive Director and President at Aerospace Industrial Development Corporation since March 18, 2019.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.92yrs | no data | 0.014% NT$ 4.0m | |
| Director of Financial & Accounting | 2.42yrs | no data | no data | |
| Chief Audit Executive & Director of Human Resources Department | no data | no data | no data | |
| Vice President | no data | no data | 0.015% NT$ 4.3m | |
| Vice President | 5.25yrs | no data | 0.020% NT$ 5.6m | |
| Vice President | 2.42yrs | no data | no data | |
| Vice President of Civil Business | 3.5yrs | no data | 0.011% NT$ 3.0m | |
| Senior VP and Director of Strategy & Operational Management Department | 0.33yr | no data | no data | |
| Deputy General Manager of Professional Engineering | 1.08yrs | no data | no data |
2.4yrs
Average Tenure
Experienced Management: 2634's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.92yrs | no data | 0.014% NT$ 4.0m | |
| Director | 1.33yrs | no data | no data | |
| Executive & Independent Director | 2.67yrs | no data | no data | |
| Representative Director | 4.58yrs | no data | no data | |
| Representative Director | 3.17yrs | no data | 0.011% NT$ 3.2m | |
| Independent Director | 2.67yrs | no data | no data | |
| Representative Director | 2.67yrs | no data | no data | |
| Representative Director | 2yrs | no data | no data | |
| Chairman of the Board | 1.92yrs | no data | 0.0032% NT$ 910.4k | |
| Representative Director | 2.67yrs | no data | 0.0080% NT$ 2.3m | |
| Independent Director | 1.75yrs | no data | no data |
2.7yrs
Average Tenure
Experienced Board: 2634's board of directors are not considered experienced ( 2.7 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
Aerospace Industrial Development Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aerospace Industrial Development Corporation
- Ticker: 2634
- Exchange: TSEC
- Founded: 1969
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: NT$28.539b
- Shares outstanding: 941.87m
- Website: https://www.aidc.com.tw
Number of Employees
Location
- Aerospace Industrial Development Corporation
- No. 1, Hanxiang Road
- Xitun District
- Taichung
- 407803
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2634 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Aug 2014 |
Biography
Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 08:37 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.