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1234

Hey-SongTWSE:1234 Stock Report

Market Cap

NT$14.0b

7D

-1.8%

1Y

5.3%

Updated

29 Nov, 2021

Data

Company Financials
1234 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

1234 Stock Overview

Hey-Song Corporation produces and sells beverages primarily in Taiwan.

Hey-Song Competitors

Coca-Cola

NYSE:KO

US$232.1b

momo.com

TWSE:8454

NT$302.2b

President Chain Store

TWSE:2912

NT$288.5b

Taiwan FamilyMart

TPEX:5903

NT$56.5b

Price History & Performance

Summary of all time highs, changes and price drops for Hey-Song
Historical stock prices
Current Share PriceNT$34.75
52 Week HighNT$39.00
52 Week LowNT$32.10
Beta0.19
1 Month Change-0.71%
3 Month Change0.43%
1 Year Change5.30%
3 Year Change20.04%
5 Year Change7.92%
Change since IPO-8.39%

Recent News & Updates

Apr 19
Hey-Song (TPE:1234) Has A Rock Solid Balance Sheet

Hey-Song (TPE:1234) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Apr 02
Does Hey-Song Corporation (TPE:1234) Have A Place In Your Dividend Portfolio?

Does Hey-Song Corporation (TPE:1234) Have A Place In Your Dividend Portfolio?

Could Hey-Song Corporation ( TPE:1234 ) be an attractive dividend share to own for the long haul? Investors are often...

Shareholder Returns

1234TW BeverageTW Market
7D-1.8%2.1%-2.4%
1Y5.3%7.7%25.8%

Return vs Industry: 1234 underperformed the TW Beverage industry which returned 7.7% over the past year.

Return vs Market: 1234 underperformed the TW Market which returned 25.8% over the past year.

Price Volatility

Is 1234's price volatile compared to industry and market?
1234 volatility
1234 Average Weekly Movement1.3%
Beverage Industry Average Movement5.0%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.0%

Stable Share Price: 1234 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 1234's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1925n/aPin-Tang Changhttps://www.heysong.com.tw

Hey-Song Corporation produces and sells beverages primarily in Taiwan. It offers carbonated drinks under the Heysong Sarsaparilla and Heysong Citron brands; fruit, tea, and camellia green tea drinks under the Heysong brand; coffee drinks under the Wincafe brand; sports drinks under the FIN Healthy-Support Drink name; and water under the Hey-Song name. The company also exports its products.

Hey-Song Fundamentals Summary

How do Hey-Song's earnings and revenue compare to its market cap?
1234 fundamental statistics
Market CapNT$13.97b
Earnings (TTM)NT$708.36m
Revenue (TTM)NT$9.13b

19.7x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1234 income statement (TTM)
RevenueNT$9.13b
Cost of RevenueNT$6.62b
Gross ProfitNT$2.51b
ExpensesNT$1.80b
EarningsNT$708.36m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.76
Gross Margin27.49%
Net Profit Margin7.76%
Debt/Equity Ratio8.4%

How did 1234 perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

102%

Payout Ratio

Valuation

Is Hey-Song undervalued compared to its fair value and its price relative to the market?

19.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1234 (NT$34.75) is trading above our estimate of fair value (NT$30.45)

Significantly Below Fair Value: 1234 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1234 is good value based on its PE Ratio (19.7x) compared to the Asian Beverage industry average (30.1x).

PE vs Market: 1234 is poor value based on its PE Ratio (19.7x) compared to the TW market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1234's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1234 is good value based on its PB Ratio (0.8x) compared to the XA Beverage industry average (2.2x).


Future Growth

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

16.1%

Forecasted Food, Beverage & Tobacco 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 Hey-Song 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.


Past Performance

How has Hey-Song performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1234 has high quality earnings.

Growing Profit Margin: 1234's current net profit margins (7.8%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: 1234's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: 1234's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1234 had negative earnings growth (-19.5%) over the past year, making it difficult to compare to the Beverage industry average (21.3%).


Return on Equity

High ROE: 1234's Return on Equity (4%) is considered low.


Financial Health

How is Hey-Song's financial position?


Financial Position Analysis

Short Term Liabilities: 1234's short term assets (NT$7.8B) exceed its short term liabilities (NT$2.5B).

Long Term Liabilities: 1234's short term assets (NT$7.8B) exceed its long term liabilities (NT$2.5B).


Debt to Equity History and Analysis

Debt Level: 1234's net debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: 1234's debt to equity ratio has increased from 5.5% to 8.4% over the past 5 years.

Debt Coverage: 1234's debt is well covered by operating cash flow (73.2%).

Interest Coverage: 1234's interest payments on its debt are well covered by EBIT (288.8x coverage).


Balance Sheet


Dividend

What is Hey-Song current dividend yield, its reliability and sustainability?

5.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1234's dividend (5.18%) is higher than the bottom 25% of dividend payers in the TW market (1.86%).

High Dividend: 1234's dividend (5.18%) is in the top 25% of dividend payers in the TW market (5.16%)


Stability and Growth of Payments

Stable Dividend: 1234's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1234's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.1%), 1234's dividend payments are not 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?

7.3yrs

Average management tenure


CEO

Pin-Tang Chang

11.42yrs

Tenure

Mr. Pin-Tang Chang serves as the Chairman at Hey-song Corporation and serves as its Director since March 25, 1990 and President since June 15, 2010. He serves as an Executive Director of Hey Song (Samoa) H...


Leadership Team

Experienced Management: 1234's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: 1234's board of directors are seasoned and experienced ( 11.4 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

Hey-Song Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Hey-Song Corporation
  • Ticker: 1234
  • Exchange: TWSE
  • Founded: 1925
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Market Cap: NT$13.965b
  • Shares outstanding: 401.87m
  • Website: https://www.heysong.com.tw

Location

  • Hey-Song Corporation
  • No. 296, Hsin Yi Road
  • 3rd Floor
  • Taipei City
  • 106
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 15:46
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.