TSEC:6282

Stock Analysis Report

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Executive Summary

AcBel Polytech Inc. develops, manufactures, and sells power management solutions worldwide. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6282 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6282's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

6282

1.7%

TW Electrical

0.7%

TW Market


1 Year Return

24.6%

6282

19.6%

TW Electrical

20.2%

TW Market

Return vs Industry: 6282 exceeded the TW Electrical industry which returned 19.6% over the past year.

Return vs Market: 6282 exceeded the TW Market which returned 20.2% over the past year.


Shareholder returns

6282IndustryMarket
7 Day2.3%1.7%0.7%
30 Day11.8%3.8%10.3%
90 Day16.0%4.6%8.7%
1 Year31.5%24.6%24.4%19.6%24.5%20.2%
3 Year56.7%35.9%33.8%18.6%45.9%29.7%
5 Year61.7%24.4%86.0%53.4%96.6%62.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AcBel Polytech undervalued compared to its fair value and its price relative to the market?

10.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6282 (NT$29.35) is trading above our estimate of fair value (NT$11.13)

Significantly Below Fair Value: 6282 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6282 is good value based on its PE Ratio (10.5x) compared to the TW Electrical industry average (16.7x).

PE vs Market: 6282 is good value based on its PE Ratio (10.5x) compared to the TW market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6282's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6282's PB Ratio (1.5x) is in line with the TW Electrical industry average.


Next Steps

Future Growth

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

7.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 6282's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if 6282's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6282's revenue (7.6% per year) is forecast to grow slower than the TW market (9.4% per year).

High Growth Revenue: 6282's revenue (7.6% 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 6282's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AcBel Polytech performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6282 has a high level of non-cash earnings.

Growing Profit Margin: 6282's current net profit margins (7%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: 6282's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: 6282's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6282 had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Electrical industry average (1.8%).


Return on Equity

High ROE: 6282's Return on Equity (15.1%) is considered low.


Next Steps

Financial Health

How is AcBel Polytech's financial position?


Financial Position Analysis

Short Term Liabilities: 6282's short term assets (NT$17.5B) exceed its short term liabilities (NT$11.5B).

Long Term Liabilities: 6282's short term assets (NT$17.5B) exceed its long term liabilities (NT$2.8B).


Debt to Equity History and Analysis

Debt Level: 6282's debt to equity ratio (47.5%) is considered high.

Reducing Debt: 6282's debt to equity ratio has increased from 3% to 47.5% over the past 5 years.

Debt Coverage: 6282's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: 6282 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is AcBel Polytech current dividend yield, its reliability and sustainability?

3.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6282's dividend (3.75%) is higher than the bottom 25% of dividend payers in the TW market (2.1%).

High Dividend: 6282's dividend (3.75%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 6282's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6282's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), 6282's dividend payments are 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?

8.5yrs

Average board tenure


CEO

David Kao

no data

Tenure

David C.S. Kao serves as General Manager of Acbel Polytech Inc.


Board Members

NamePositionTenureCompensationOwnership
Qi Xie
Independent Director8.5yrsno data0.051%
NT$ 7.7m
Sheng-Hsiung Hsu
Chairman8.5yrsno data0.95%
NT$ 144.4m
You Quan Wang
Independent Director8.5yrsno datano data
Jiu Li Zhang
Director8.5yrsno datano data
Ping Qiu
Supervisor8.5yrsno data0.12%
NT$ 18.7m
Shi Fang Hu
Supervisor8.5yrsno data0.0029%
NT$ 439.7k
Jian Guo Wan
Director8.5yrsno data0.046%
NT$ 6.9m
Chi-Lin Wea
Director8.5yrsno datano data
Hong Mao Tian
Independent Director8.5yrsno datano data
Qing Shan Gao
Director8.5yrsno datano data
Shi Chen
Representative Director8.5yrsno datano data
Jerry Hsu
Directorno datano data0.25%
NT$ 38.2m

8.5yrs

Average Tenure

Experienced Board: 6282's board of directors are considered experienced (8.5 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

AcBel Polytech Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AcBel Polytech Inc.
  • Ticker: 6282
  • Exchange: TSEC
  • Founded: 1981
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$15.163b
  • Shares outstanding: 516.62m
  • Website: https://www.acbel.com

Location

  • AcBel Polytech Inc.
  • No. 159, Danjin Road
  • Sec. 3
  • New Taipei City
  • 251
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6282TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDSep 2003

Biography

AcBel Polytech Inc. develops, manufactures, and sells power management solutions worldwide. It provides a range of custom design and high quality power supplies ranging from 3W up to 10,000W per power modu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 08:44
End of Day Share Price2020/12/02 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.