TSEC:1598

Stock Analysis Report

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Executive Summary

Dyaco International Inc. designs, manufactures, and distributes fitness, physical therapy, and sports equipment worldwide. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1598 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1598's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

1598

-0.5%

TW Leisure

-1.9%

TW Market


1 Year Return

185.1%

1598

62.1%

TW Leisure

41.3%

TW Market

Return vs Industry: 1598 exceeded the TW Leisure industry which returned 62.1% over the past year.

Return vs Market: 1598 exceeded the TW Market which returned 41.3% over the past year.


Shareholder returns

1598IndustryMarket
7 Day2.9%-0.5%-1.9%
30 Day5.0%1.3%2.2%
90 Day-14.6%4.8%14.9%
1 Year189.8%185.1%66.3%62.1%46.3%41.3%
3 Year167.0%156.9%93.0%77.5%66.6%47.8%
5 Year207.8%173.1%65.7%45.5%121.6%82.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1598 (NT$105.5) is trading below our estimate of fair value (NT$310.37)

Significantly Below Fair Value: 1598 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1598 is good value based on its PE Ratio (16x) compared to the TW Leisure industry average (23.7x).

PE vs Market: 1598 is good value based on its PE Ratio (16x) compared to the TW market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1598's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1598 is overvalued based on its PB Ratio (3.3x) compared to the TW Leisure industry average (2.8x).


Next Steps

Future Growth

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

28.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 1598's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 1598'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: 1598's revenue (28.7% per year) is forecast to grow faster than the TW market (11% per year).

High Growth Revenue: 1598's revenue (28.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1598's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Dyaco International performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1598 has high quality earnings.

Growing Profit Margin: 1598's current net profit margins (7.3%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: 1598's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: 1598's earnings growth over the past year (225%) exceeds its 5-year average (6% per year).

Earnings vs Industry: 1598 earnings growth over the past year (225%) exceeded the Leisure industry -11.4%.


Return on Equity

High ROE: 1598's Return on Equity (17.6%) is considered low.


Next Steps

Financial Health

How is Dyaco International's financial position?


Financial Position Analysis

Short Term Liabilities: 1598's short term assets (NT$6.4B) exceed its short term liabilities (NT$5.1B).

Long Term Liabilities: 1598's short term assets (NT$6.4B) exceed its long term liabilities (NT$2.1B).


Debt to Equity History and Analysis

Debt Level: 1598's debt to equity ratio (65.5%) is considered high.

Reducing Debt: 1598's debt to equity ratio has reduced from 95.1% to 65.5% over the past 5 years.

Debt Coverage: 1598's debt is well covered by operating cash flow (51.1%).

Interest Coverage: 1598's interest payments on its debt are well covered by EBIT (21.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Dyaco International current dividend yield, its reliability and sustainability?

1.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1598's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.97%).

High Dividend: 1598's dividend (1.09%) is low compared to the top 25% of dividend payers in the TW market (4.93%).


Stability and Growth of Payments

Stable Dividend: 1598 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1598's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.5%), 1598'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?

7.5yrs

Average management tenure


CEO

James Hsu

0.083

Tenure

James Hsu serves as Chief Executive Officer at Dyaco International Inc. since January 1, 2021. James Hsu serves as Executive consultant at Dyaco International Inc.


Leadership Team

NamePositionTenureCompensationOwnership
James Hsu
Chief Executive Officer0.083yrno datano data
Mei Hua Wu
Executive VP & CFOno datano datano data
Yuan Sheng Chiu
Senior V.P. of Financial Dept.no datano datano data
Brian Murray
Chief Technology Officerno datano datano data
Che Jung Li
Vice President of Legal & Patent Affairs Departmentno datano datano data
Ming Nan Chen
Executive Vice President23.33yrsno datano data
Jie He
Chief Strategy Officer7.92yrsno datano data
Ji Rong Li
Executive Vice President7.08yrsno datano data
Chi-Jung Li
Executive Vice Presidentno datano datano data
Teng-I Lo
Senior Vice President of Production Departmentno datano datano data
Li-Wen Hsu
Senior Vice President of Sales Departmentno datano datano data
Hsuan-Fu Huang
Senior Vice President of Research & Development Departmentno datano datano data

7.5yrs

Average Tenure

Experienced Management: 1598's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ing-Gin Lin
Chairman30.67yrsno datano data
Kai-Li Wang
Independent Director9.17yrsno datano data
Qing Yi Wang
Supervisor9.67yrsno datano data
Wei Ning Lin
Supervisor9.17yrsno datano data
Jin Bo Wu
Supervisor9.67yrsno datano data
Chih-Cheng Wang
Independent Director3.75yrsno datano data
Ching-Tsung Wang
Representative Director3.75yrsno datano data
Mei-Ling Chou
Representative Director3.75yrsno datano data
Chang-Hung Hsieh
Independent Director9.17yrsno datano data

9.2yrs

Average Tenure

Experienced Board: 1598's board of directors are considered experienced (9.2 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 been diluted in the past year, with total shares outstanding growing by 13%.


Top Shareholders

Company Information

Dyaco International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dyaco International Inc.
  • Ticker: 1598
  • Exchange: TSEC
  • Founded: 1990
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: NT$13.243b
  • Shares outstanding: 125.53m
  • Website: https://www.dyaco.com

Number of Employees


Location

  • Dyaco International Inc.
  • No. 111, Song Jiang Road
  • 12th Floor
  • Taipei
  • 10486
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1598TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 2011

Biography

Dyaco International Inc. designs, manufactures, and distributes fitness, physical therapy, and sports equipment worldwide. It provides cardiovascular equipment for the home, commercial, and medical facilit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 08:53
End of Day Share Price2021/02/26 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.