GTSM:8401

Stock Analysis Report

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Executive Summary

Bai Sha Technology Co., Ltd. produces printing products in Taiwan and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Bai Sha Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8401 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

8401

-1.1%

TW Commercial Services

0.3%

TW Market


1 Year Return

-2.9%

8401

-3.6%

TW Commercial Services

6.4%

TW Market

Return vs Industry: 8401 matched the TW Commercial Services industry which returned -2.1% over the past year.

Return vs Market: 8401 underperformed the TW Market which returned 7.2% over the past year.


Shareholder returns

8401IndustryMarket
7 Day-1.3%-1.1%0.3%
30 Day-0.8%1.9%4.2%
90 Day7.7%-1.7%-2.0%
1 Year9.2%-2.9%0.7%-3.6%11.2%6.4%
3 Year31.9%4.9%15.9%1.5%23.0%8.6%
5 Year17.0%-18.6%33.8%7.3%42.7%16.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bai Sha Technology undervalued compared to its fair value and its price relative to the market?

43.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8401 (NT$11.85) is trading below our estimate of fair value (NT$20.9)

Significantly Below Fair Value: 8401 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8401 is poor value based on its PE Ratio (20.2x) compared to the Commercial Services industry average (17x).

PE vs Market: 8401 is poor value based on its PE Ratio (20.2x) compared to the TW market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8401's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8401 is good value based on its PB Ratio (0.8x) compared to the TW Commercial Services industry average (1.2x).


Next Steps

Future Growth

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

16.9%

Forecasted Commercial Services 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 Bai Sha Technology 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 Bai Sha Technology performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8401 has high quality earnings.

Growing Profit Margin: 8401's current net profit margins (2.9%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: 8401's earnings have declined by -4.6% per year over the past 5 years.

Accelerating Growth: 8401's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8401 had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Commercial Services industry average (0.2%).


Return on Equity

High ROE: 8401's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Bai Sha Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 8401's short term assets (NT$586.8M) exceed its short term liabilities (NT$277.4M).

Long Term Liabilities: 8401's short term assets (NT$586.8M) exceed its long term liabilities (NT$228.6M).


Debt to Equity History and Analysis

Debt Level: 8401's debt to equity ratio (26.6%) is considered satisfactory.

Reducing Debt: 8401's debt to equity ratio has reduced from 52.4% to 26.6% over the past 5 years.

Debt Coverage: 8401's debt is well covered by operating cash flow (79.6%).

Interest Coverage: 8401's interest payments on its debt are well covered by EBIT (11.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Bai Sha Technology's current dividend yield, its reliability and sustainability?

4.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8401's dividend (4.22%) is higher than the bottom 25% of dividend payers in the TW market (2.52%).

High Dividend: 8401's dividend (4.22%) is low compared to the top 25% of dividend payers in the TW market (5.65%).


Stability and Growth of Payments

Stable Dividend: 8401 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8401's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.2%), 8401's 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

Bai Sha Technology 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

Bai Sha Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bai Sha Technology Co., Ltd.
  • Ticker: 8401
  • Exchange: GTSM
  • Founded: 1992
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Market Cap: NT$743.347m
  • Shares outstanding: 62.73m
  • Website: https://www.bsbs.com.tw

Number of Employees


Location

  • Bai Sha Technology Co., Ltd.
  • No. 116, Xiangshun Road
  • Sec. 1
  • Taichung
  • 41180
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8401GTSM (Taipei Exchange)YesCommon StockTWTWDJul 2008

Biography

Bai Sha Technology Co., Ltd. produces printing products in Taiwan and internationally. It offers business cards, color boxes, labels, stickers, calendars, brochures, wedding invitation cards, bags, posters, books, cosmetic and drug packaging boxes, and paper packaging and related products. The company was founded in 1992 and is headquartered in Taichung City, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 16:33
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
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.