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4736

TaiDoc TechnologyTPEX:4736 Stock Report

Market Cap

NT$17.6b

7D

-2.1%

1Y

4.1%

Updated

23 Sep, 2021

Data

Company Financials +
4736 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

4736 Overview

TaiDoc Technology Corporation manufactures and markets medical devices worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for TaiDoc Technology
Historical stock prices
Current Share PriceNT$190.50
52 Week HighNT$156.50
52 Week LowNT$240.00
Beta-0.16
1 Month Change-7.07%
3 Month Change-18.59%
1 Year Change4.10%
3 Year Change36.07%
5 Year Change63.96%
Change since IPO178.80%

Recent News & Updates

Shareholder Returns

4736TW Medical EquipmentTW Market
7D-2.1%-0.2%-1.0%
1Y4.1%10.8%39.0%

Return vs Industry: 4736 underperformed the TW Medical Equipment industry which returned 5.3% over the past year.

Return vs Market: 4736 underperformed the TW Market which returned 34% over the past year.

Price Volatility

Is 4736's price volatile compared to industry and market?
4736 volatility
4736 Beta-0.16
Industry Beta0.93
Market Beta1

Stable Share Price: 4736 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 4736's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/an/ahttps://www.taidoc.com

TaiDoc Technology Corporation manufactures and markets medical devices worldwide. It offers diagnostics products, including blood glucose and multiple parameters monitoring systems, point of care testing devices, lancet and lancing devices, and vet health care products comprise blood glucose and calcium meters, non-contact forehead thermometers, and blood ketone meters; and medical devices, such as nebulizers, thermometers, blood pressure monitors, vital sign monitors, medical kiosk, pulse oximeters, and weight scale. The company also provides telehealth remote monitoring devices and smartphone applications; and Covid-19 antigen rapid test kits.

TaiDoc Technology Fundamentals Summary

How do TaiDoc Technology's earnings and revenue compare to its market cap?
4736 fundamental statistics
Market CapNT$17.59b
Earnings (TTM)NT$1.75b
Revenue (TTM)NT$5.92b

10.1x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4736 income statement (TTM)
RevenueNT$5.92b
Cost of RevenueNT$3.11b
Gross ProfitNT$2.81b
ExpensesNT$1.06b
EarningsNT$1.75b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)18.98
Gross Margin47.47%
Net Profit Margin29.51%
Debt/Equity Ratio11.1%

How did 4736 perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

60%

Payout Ratio

Valuation

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

50.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4736 (NT$190.5) is trading below our estimate of fair value (NT$380.66)

Significantly Below Fair Value: 4736 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4736 is good value based on its PE Ratio (10.1x) compared to the TW Medical Equipment industry average (23.1x).

PE vs Market: 4736 is good value based on its PE Ratio (10.1x) compared to the TW market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: 4736's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 4736 is overvalued based on its PB Ratio (2.3x) compared to the TW Medical Equipment industry average (2x).


Future Growth

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

-13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4736's earnings are forecast to decline over the next 3 years (-13.7% per year).

Earnings vs Market: 4736's earnings are forecast to decline over the next 3 years (-13.7% per year).

High Growth Earnings: 4736's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 4736's revenue (1.4% per year) is forecast to grow slower than the TW market (9.5% per year).

High Growth Revenue: 4736's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4736's Return on Equity is forecast to be low in 3 years time (18.6%).


Past Performance

How has TaiDoc Technology performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4736 has a high level of non-cash earnings.

Growing Profit Margin: 4736's current net profit margins (29.5%) are higher than last year (24.8%).


Past Earnings Growth Analysis

Earnings Trend: 4736's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: 4736's earnings growth over the past year (36.6%) exceeds its 5-year average (29.8% per year).

Earnings vs Industry: 4736 earnings growth over the past year (36.6%) exceeded the Medical Equipment industry 9.5%.


Return on Equity

High ROE: 4736's Return on Equity (23.3%) is considered high.


Financial Health

How is TaiDoc Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 4736's short term assets (NT$5.5B) exceed its short term liabilities (NT$1.6B).

Long Term Liabilities: 4736's short term assets (NT$5.5B) exceed its long term liabilities (NT$770.0M).


Debt to Equity History and Analysis

Debt Level: 4736's debt to equity ratio (11.1%) is considered satisfactory.

Reducing Debt: 4736's debt to equity ratio has reduced from 27.8% to 11.1% over the past 5 years.

Debt Coverage: 4736's debt is well covered by operating cash flow (160.6%).

Interest Coverage: 4736's interest payments on its debt are well covered by EBIT (474.6x coverage).


Balance Sheet


Dividend

What is TaiDoc Technology current dividend yield, its reliability and sustainability?

6.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4736's dividend (6%) is higher than the bottom 25% of dividend payers in the TW market (1.96%).

High Dividend: 4736's dividend (6%) is in the top 25% of dividend payers in the TW market (5.31%)


Stability and Growth of Payments

Stable Dividend: 4736's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4736's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.2%), 4736's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 4736's dividends in 3 years are forecast to be covered by earnings (76.9% payout ratio).


Next Steps

Management

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


CEO

TaiDoc 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

TaiDoc Technology Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: TaiDoc Technology Corporation
  • Ticker: 4736
  • Exchange: TPEX
  • Founded: 1998
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: NT$17.590b
  • Shares outstanding: 92.34m
  • Website: https://www.taidoc.com

Location

  • TaiDoc Technology Corporation
  • No. 127, Wugong 2nd Road
  • B1-7th Floor
  • New Taipei City
  • 24888
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:01
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.