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3115

Trust-SearchLtd TPEX:3115 Stock Report

Last Price

NT$11.90

Market Cap

NT$520.0m

7D

-4.4%

1Y

-9.2%

Updated

28 Sep, 2022

Data

Company Financials
3115 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

3115 Stock Overview

Trust-Search Corp.,Ltd. provides printed circuit board automatic optical laser testing and related services.

Trust-SearchLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trust-SearchLtd
Historical stock prices
Current Share PriceNT$11.90
52 Week HighNT$16.75
52 Week LowNT$10.10
Beta0.47
1 Month Change-10.19%
3 Month Change1.28%
1 Year Change-9.16%
3 Year Change-23.23%
5 Year Change3.48%
Change since IPO-24.69%

Recent News & Updates

Shareholder Returns

3115TW Professional ServicesTW Market
7D-4.4%-3.8%-5.1%
1Y-9.2%8.3%-19.0%

Return vs Industry: 3115 underperformed the TW Professional Services industry which returned 8.3% over the past year.

Return vs Market: 3115 exceeded the TW Market which returned -19% over the past year.

Price Volatility

Is 3115's price volatile compared to industry and market?
3115 volatility
3115 Average Weekly Movement7.6%
Professional Services Industry Average Movement4.9%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 3115 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 3115's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1981n/an/ahttps://www.tscl.com.tw

Trust-Search Corp.,Ltd. provides printed circuit board automatic optical laser testing and related services. It offers phosphor bronze ball and copper foil substrate products.

Trust-SearchLtd Fundamentals Summary

How do Trust-SearchLtd's earnings and revenue compare to its market cap?
3115 fundamental statistics
Market CapNT$520.00m
Earnings (TTM)-NT$9.45m
Revenue (TTM)NT$265.62m

2.0x

P/S Ratio

-55.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3115 income statement (TTM)
RevenueNT$265.62m
Cost of RevenueNT$261.81m
Gross ProfitNT$3.81m
Other ExpensesNT$13.27m
Earnings-NT$9.45m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.22
Gross Margin1.44%
Net Profit Margin-3.56%
Debt/Equity Ratio0%

How did 3115 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 3115 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3115?

Other financial metrics that can be useful for relative valuation.

3115 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA-24x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 3115's PS Ratio compare to its peers?

3115 PS Ratio vs Peers
The above table shows the PS ratio for 3115 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.4x
2.5xn/aNT$2.0b
6754 Rich Honour International Designs
0.7xn/aNT$2.9b
6146 Sporton International
4.8x16.9%NT$23.0b
8423 Polygreen Resources
1.6xn/aNT$439.5m
3115 Trust-SearchLtd
2xn/aNT$520.0m

Price-To-Sales vs Peers: 3115 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.4x).


Price to Earnings Ratio vs Industry

How does 3115's PE Ratio compare vs other companies in the Asian Professional Services Industry?

Price-To-Sales vs Industry: 3115 is expensive based on its Price-To-Sales Ratio (2x) compared to the Asian Professional Services industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

What is 3115's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3115 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 3115's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 3115 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3115 (NT$11.9) is trading below our estimate of fair value (NT$16.03)

Significantly Below Fair Value: 3115 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Trust-SearchLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.6%

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 Trust-SearchLtd 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.


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  • Examine whether Trust-SearchLtd is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Trust-SearchLtd performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3115 is currently unprofitable.

Growing Profit Margin: 3115 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3115 is unprofitable, and losses have increased over the past 5 years at a rate of 17.7% per year.

Accelerating Growth: Unable to compare 3115's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3115 is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (16.4%).


Return on Equity

High ROE: 3115 has a negative Return on Equity (-3.82%), as it is currently unprofitable.


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Financial Health

How is Trust-SearchLtd's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 3115's short term assets (NT$245.0M) exceed its short term liabilities (NT$5.9M).

Long Term Liabilities: 3115's short term assets (NT$245.0M) exceed its long term liabilities (NT$1.8M).


Debt to Equity History and Analysis

Debt Level: 3115 is debt free.

Reducing Debt: 3115 has no debt compared to 5 years ago when its debt to equity ratio was 33.9%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 3115 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 3115 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.2% per year.


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Dividend

What is Trust-SearchLtd current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Trust-SearchLtd Dividend Yield vs Market
How does Trust-SearchLtd dividend yield compare to the market?
SegmentDividend Yield
Company (Trust-SearchLtd)n/a
Market Bottom 25% (TW)2.5%
Market Top 25% (TW)6.9%
Industry Average (Professional Services)1.3%
Analyst forecast in 3 Years (Trust-SearchLtd)n/a

Notable Dividend: Unable to evaluate 3115's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3115's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3115's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3115's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 3115 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Trust-SearchLtd 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

What is the ownership structure of 3115?
Owner TypeNumber of SharesOwnership Percentage

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Company Information

Trust-Search Corp.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Trust-Search Corp.,Ltd.
  • Ticker: 3115
  • Exchange: TPEX
  • Founded: 1981
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: NT$520.001m
  • Shares outstanding: 43.70m
  • Website: https://www.tscl.com.tw

Number of Employees


Location

  • Trust-Search Corp.,Ltd.
  • No. 174, Section 4
  • 6th Floor
  • Taipei
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3115TPEX (Taipei Exchange)YesCommon StockTWTWDJun 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.