TSEC:1736

Stock Analysis Report

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Executive Summary

Johnson Health Tech. Co., Ltd. provides sports and fitness equipment in Asia and internationally.


Snowflake Analysis

Proven track record with reasonable growth potential.


Similar Companies

Share Price & News

How has Johnson Health Tech's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1736's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.4%

1736

5.3%

TW Leisure

4.7%

TW Market


1 Year Return

5.9%

1736

6.7%

TW Leisure

10.4%

TW Market

Return vs Industry: 1736 matched the TW Leisure industry which returned 6.7% over the past year.

Return vs Market: 1736 underperformed the TW Market which returned 10.4% over the past year.


Shareholder returns

1736IndustryMarket
7 Day2.4%5.3%4.7%
30 Day13.8%22.8%7.0%
90 Day7.2%19.6%1.9%
1 Year6.7%5.9%9.6%6.7%15.4%10.4%
3 Year95.2%85.7%34.4%24.0%26.2%11.5%
5 Year18.3%6.2%10.6%-3.9%50.5%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Johnson Health Tech undervalued compared to its fair value and its price relative to the market?

22.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1736 (NT$74) is trading above our estimate of fair value (NT$17.28)

Significantly Below Fair Value: 1736 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1736 is poor value based on its PE Ratio (22.1x) compared to the Leisure industry average (15.3x).

PE vs Market: 1736 is poor value based on its PE Ratio (22.1x) compared to the TW market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: 1736 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 1736 is overvalued based on its PB Ratio (2.6x) compared to the TW Leisure industry average (1.5x).


Next Steps

Future Growth

How is Johnson Health Tech forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

36.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1736's forecast earnings growth (36.6% per year) is above the savings rate (0.9%).

Earnings vs Market: 1736's earnings (36.6% per year) are forecast to grow faster than the TW market (15.2% per year).

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

Revenue vs Market: 1736's revenue (9.8% per year) is forecast to grow faster than the TW market (7.4% per year).

High Growth Revenue: 1736's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1736's Return on Equity is forecast to be low in 3 years time (18.2%).


Next Steps

Past Performance

How has Johnson Health Tech performed over the past 5 years?

-19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1736 has high quality earnings.

Growing Profit Margin: 1736's current net profit margins (4%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: 1736's earnings have declined by -19.4% per year over the past 5 years.

Accelerating Growth: 1736's earnings growth over the past year (64.8%) exceeds its 5-year average (-19.4% per year).

Earnings vs Industry: 1736 earnings growth over the past year (64.8%) exceeded the Leisure industry 6.8%.


Return on Equity

High ROE: 1736's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Johnson Health Tech's financial position?


Financial Position Analysis

Short Term Liabilities: 1736's short term assets (NT$17.8B) exceed its short term liabilities (NT$14.1B).

Long Term Liabilities: 1736's short term assets (NT$17.8B) exceed its long term liabilities (NT$5.9B).


Debt to Equity History and Analysis

Debt Level: 1736's debt to equity ratio (118.6%) is considered high.

Reducing Debt: 1736's debt to equity ratio has increased from 51.2% to 118.6% over the past 5 years.

Debt Coverage: 1736's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: 1736 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Johnson Health Tech's current dividend yield, its reliability and sustainability?

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1736's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.46%).

High Dividend: 1736's dividend (1.89%) is low compared to the top 25% of dividend payers in the TW market (5.48%).


Stability and Growth of Payments

Stable Dividend: 1736's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1736's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.8%), 1736's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1736's dividends in 3 years are forecast to be well covered by earnings (32.9% payout ratio).


Next Steps

Management

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

15.2yrs

Average management tenure


CEO

Zhi Cheng Zhuo

no data

Tenure

Zhi Cheng Zhuo serves as President at Johnson Health Tech Co., Ltd. Zhi Cheng Zhuo served as General Manager at Johnson Health Tech Co., Ltd. 


Leadership Team

NamePositionTenureCompensationOwnership
Zhi Cheng Zhuo
Presidentno datano data0.12% NT$27.5m
Wen Qi Wei
Chief Financial Officerno datano datano data
Zhi Hang Li
Associate of Accounting Department4.83yrsno datano data
Mu Jing Hong
Senior Vice President of the Marketing Division44.67yrsno data0.051% NT$11.4m
Guang Ting Luo
President of the Group and Directorno datano data34.07% NT$7.6b
Ming Xiang Yan
Vice President of the Head Office19.17yrsno data0.029% NT$6.5m
Yao Nong Zhu
Vice President of Head Office11.17yrsno data0.0091% NT$2.0m
Zhuo Xun Chen
Associate of Head Office8.67yrsno datano data

15.2yrs

Average Tenure

Experienced Management: 1736's management team is seasoned and experienced (15.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Guang Ting Luo
President of the Group and Directorno datano data34.07% NT$7.6b
Kun Quan Luo
Chairman of the Board of Directors9yrsno data20.21% NT$4.5b
Yue Xin He
Director9yrsno data4.22% NT$945.4m
Yi Hong Lin
Independent Director9yrsno data0.062% NT$13.9m
Ping Shang Xie
Director9yrsno data0.081% NT$18.2m
Ya Kang Wang
Director9yrsno datano data
Bo Chang Chen
Independent Director9yrsno datano data
Chao Tang You
Independent Directorno datano data0.33% NT$74.1m
Kun-Ding Luo
Directorno datano datano data
Gao-De Lin
Directorno datano datano data

9.0yrs

Average Tenure

Experienced Board: 1736's board of directors are considered experienced (9 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

Johnson Health Tech. Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Johnson Health Tech. Co., Ltd.
  • Ticker: 1736
  • Exchange: TSEC
  • Founded: 1975
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: NT$22.420b
  • Shares outstanding: 302.97m
  • Website: https://www.johnsonfitness.com.tw

Location

  • Johnson Health Tech. Co., Ltd.
  • No. 999, Dongda Road
  • Section 2
  • Taichung
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1736TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 2003

Biography

Johnson Health Tech. Co., Ltd. provides sports and fitness equipment in Asia and internationally. The company offers electric treadmills, indoor exercise bikes/flywheels, elliptical training products, and weight training/rowing equipment; electric massage chairs, and instep shoulder and neck massage equipment; and fitness accessories, bar/dumbells, yoga supplies, gloves/boxing products, and protective/weight gears. It also provides exercise products, including fitness and bicycle series, marathon products, and GPS sports watch, as well as polar accessories. The company offers its products principally under the Matrix, Vision, and Horizon brand names primarily through stores. Johnson Health Tech. Co., Ltd. was founded in 1975 and is based 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 Analysis2020/06/06 15:15
End of Day Share Price2020/06/05 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.