TSEC:8103

Stock Analysis Report

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Executive Summary

CviLux Corporation manufactures and sells connectors, flat flexible cables (FFC), and wire harnesses in Taiwan and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8103 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 8103's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

0.3%

8103

1.5%

TW Electrical

0.9%

TW Market


1 Year Return

24.8%

8103

18.5%

TW Electrical

18.7%

TW Market

Return vs Industry: 8103 exceeded the TW Electrical industry which returned 18% over the past year.

Return vs Market: 8103 exceeded the TW Market which returned 17.8% over the past year.


Shareholder returns

8103IndustryMarket
7 Day0.3%1.5%0.9%
30 Day6.1%3.4%7.1%
90 Day-4.5%6.7%8.2%
1 Year28.7%24.8%23.2%18.5%23.0%18.7%
3 Year5.2%-5.8%28.8%14.2%44.9%28.8%
5 Year65.0%37.8%83.9%51.6%94.4%60.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8103 (NT$32.2) is trading above our estimate of fair value (NT$31.84)

Significantly Below Fair Value: 8103 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8103 is good value based on its PE Ratio (13.3x) compared to the TW Electrical industry average (16.2x).

PE vs Market: 8103 is good value based on its PE Ratio (13.3x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8103's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8103 is good value based on its PB Ratio (1x) compared to the TW Electrical industry average (1.4x).


Next Steps

Future Growth

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

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 CviLux 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 CviLux performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8103 has high quality earnings.

Growing Profit Margin: 8103's current net profit margins (6.4%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: 8103's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: 8103's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8103 had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Electrical industry average (1.8%).


Return on Equity

High ROE: 8103's Return on Equity (7.7%) is considered low.


Next Steps

Financial Health

How is CviLux's financial position?


Financial Position Analysis

Short Term Liabilities: 8103's short term assets (NT$2.9B) exceed its short term liabilities (NT$1.3B).

Long Term Liabilities: 8103's short term assets (NT$2.9B) exceed its long term liabilities (NT$501.7M).


Debt to Equity History and Analysis

Debt Level: 8103's debt to equity ratio (24.2%) is considered satisfactory.

Reducing Debt: 8103's debt to equity ratio has reduced from 37.3% to 24.2% over the past 5 years.

Debt Coverage: 8103's debt is well covered by operating cash flow (71.2%).

Interest Coverage: 8103's interest payments on its debt are well covered by EBIT (42.1x coverage).


Balance Sheet


Next Steps

Dividend

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

3.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8103's dividend (3.11%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).

High Dividend: 8103's dividend (3.11%) is low compared to the top 25% of dividend payers in the TW market (5.24%).


Stability and Growth of Payments

Stable Dividend: 8103's dividend payments have been volatile in the past 10 years.

Growing Dividend: 8103's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.2%), 8103'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?


CEO

CviLux has no CEO, or we have no data on them.


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

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


Key Information

  • Name: CviLux Corporation
  • Ticker: 8103
  • Exchange: TSEC
  • Founded: 1990
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: NT$2.479b
  • Shares outstanding: 78.95m
  • Website: https://www.cvilux.com

Location

  • CviLux Corporation
  • No. 9, Chung-Cheng East Road
  • 9th Floor, Lane 3
  • New Taipei City
  • 25147
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8103TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDFeb 2004

Biography

CviLux Corporation manufactures and sells connectors, flat flexible cables (FFC), and wire harnesses in Taiwan and internationally. The company’s connectors include board to board, CCFL, coaxial, combo D-s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:45
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.