TSEC:3296

Stock Analysis Report

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Powertech Industrial

Executive Summary

Powertech Industrial Co., Ltd., together with its subsidiaries, manufacture and sell electronic circuit power protection and smart home wireless remote control devices, wired and wireless communication equipment, and electronic modules and parts. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3296 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 3296's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

4.8%

3296

1.5%

TW Electrical

0.9%

TW Market


1 Year Return

-5.3%

3296

18.5%

TW Electrical

18.7%

TW Market

Return vs Industry: 3296 underperformed the TW Electrical industry which returned 18.5% over the past year.

Return vs Market: 3296 underperformed the TW Market which returned 18.7% over the past year.


Shareholder returns

3296IndustryMarket
7 Day4.8%1.5%0.9%
30 Day-5.6%3.4%7.1%
90 Day1.1%6.7%8.2%
1 Year-3.3%-5.3%23.2%18.5%23.0%18.7%
3 Year-8.3%-15.7%28.8%14.2%44.9%28.8%
5 Year18.9%1.8%83.9%51.6%94.4%60.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Powertech Industrial undervalued compared to its fair value and its price relative to the market?

175.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3296 (NT$14.25) is trading above our estimate of fair value (NT$2.49)

Significantly Below Fair Value: 3296 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3296 is poor value based on its PE Ratio (175.6x) compared to the TW Electrical industry average (16.7x).

PE vs Market: 3296 is poor value based on its PE Ratio (175.6x) compared to the TW market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3296's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3296 is good value based on its PB Ratio (1x) compared to the TW Electrical industry average (1.4x).


Next Steps

Future Growth

How is Powertech Industrial 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 Powertech Industrial 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 Powertech Industrial performed over the past 5 years?

-3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3296 has a high level of non-cash earnings.

Growing Profit Margin: 3296's current net profit margins (0.3%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: 3296's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: 3296's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3296 had negative earnings growth (-92.9%) over the past year, making it difficult to compare to the Electrical industry average (1.8%).


Return on Equity

High ROE: 3296's Return on Equity (0.6%) is considered low.


Next Steps

Financial Health

How is Powertech Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 3296's short term assets (NT$2.0B) exceed its short term liabilities (NT$813.9M).

Long Term Liabilities: 3296's short term assets (NT$2.0B) exceed its long term liabilities (NT$77.7M).


Debt to Equity History and Analysis

Debt Level: 3296's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 3296's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3296's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 3296 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Powertech Industrial current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3296's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.14%).

High Dividend: 3296's dividend (1.89%) is low compared to the top 25% of dividend payers in the TW market (5.23%).


Stability and Growth of Payments

Stable Dividend: 3296's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3296's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (332.6%), 3296'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?

6.1yrs

Average management tenure


CEO

Jonie Chou

11.83yrs

Tenure

Yi-Hsiung Chou, also known as Jonie, serves as the Chairman of Powertech Industrial Co., Ltd. and serves as its President since January 1, 2009. Yi-Hsiung Chou served as Section Manager of Hon Hai Precisio...


Leadership Team

NamePositionTenureCompensationOwnership
Yi-Hsiung Chou
Chairman & President11.83yrsno datano data
Kevin Kuo
CFO, VP & Senior Manager8yrsno datano data
Eldon Chang
Marketing & Planning Division Director2.83yrsno datano data
Winston Lee
IOE Product R&D Division Director and Director1.42yrsno datano data

6.1yrs

Average Tenure

Experienced Management: 3296's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yi-Hsiung Chou
Chairman & President11.83yrsno datano data
Winston Lee
IOE Product R&D Division Director and Director1.42yrsno datano data
Tsung-Pei Lee
Independent Director9.5yrsno datano data
Li-Ming Lai
Director13.42yrsno datano data
Chun-Chi Yang
Independent Director16.42yrsno datano data
Chin-Yang Chen
Supervisor20yrsno datano data
Tian-Shyug Lee
Director17.42yrsno datano data
Hong-Cheng Liu
Independent Director1.42yrsno datano data
Roger Chang
Supervisor1.42yrsno datano data

11.5yrs

Average Tenure

Experienced Board: 3296's board of directors are seasoned and experienced ( 11.5 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

Powertech Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Powertech Industrial Co., Ltd.
  • Ticker: 3296
  • Exchange: TSEC
  • Founded: 2000
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$1.364b
  • Shares outstanding: 96.72m
  • Website: https://www.power-tech.com.tw

Location

  • Powertech Industrial Co., Ltd.
  • No. 407, Zhong Shan Road
  • 10th Floor
  • New Taipei City
  • 23558
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3296TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDMar 2004

Biography

Powertech Industrial Co., Ltd., together with its subsidiaries, manufacture and sell electronic circuit power protection and smart home wireless remote control devices, wired and wireless communication equ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 08:31
End of Day Share Price2020/11/27 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.