company background image
4736

TaiDoc Technology TPEX:4736 Stock Report

Last Price

NT$161.00

Market Cap

NT$15.0b

7D

-0.3%

1Y

-4.5%

Updated

03 Oct, 2022

Data

Company Financials +
4736 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

4736 Stock Overview

TaiDoc Technology Corporation manufactures and markets medical devices worldwide.

TaiDoc Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TaiDoc Technology
Historical stock prices
Current Share PriceNT$161.00
52 Week HighNT$310.00
52 Week LowNT$154.50
Beta-0.16
1 Month Change-26.32%
3 Month Change-17.44%
1 Year Change-4.45%
3 Year Change20.60%
5 Year Change85.06%
Change since IPO135.62%

Recent News & Updates

Shareholder Returns

4736TW Medical EquipmentTW Market
7D-0.3%-3.8%-5.2%
1Y-4.5%-8.1%-18.5%

Return vs Industry: 4736 exceeded the TW Medical Equipment industry which returned -8.1% over the past year.

Return vs Market: 4736 exceeded the TW Market which returned -18.5% over the past year.

Price Volatility

Is 4736's price volatile compared to industry and market?
4736 volatility
4736 Average Weekly Movement6.0%
Medical Equipment Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 4736 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 4736's weekly volatility (6%) 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 In vitro 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, and blood ketone meters; and medical devices, such as nebulizers, thermometers, blood pressure monitors, vital sign monitors, and pulse oximeters. 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$15.04b
Earnings (TTM)NT$3.05b
Revenue (TTM)NT$8.89b

4.9x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4736 income statement (TTM)
RevenueNT$8.89b
Cost of RevenueNT$3.75b
Gross ProfitNT$5.14b
Other ExpensesNT$2.08b
EarningsNT$3.05b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)32.69
Gross Margin57.79%
Net Profit Margin34.37%
Debt/Equity Ratio13.8%

How did 4736 perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

46%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 4736 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 4736?

Other financial metrics that can be useful for relative valuation.

4736 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/Revenue1.4x
Enterprise Value/EBITDA3.1x
PEG Ratio-0.1x

Price to Earnings Ratio vs Peers

How does 4736's PE Ratio compare to its peers?

4736 PE Ratio vs Peers
The above table shows the PE ratio for 4736 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.2x
6762 Delta Asia International
47.5xn/aNT$5.4b
4737 Bionime
40.7xn/aNT$4.7b
4163 INTAI Technology
13.8xn/aNT$4.5b
4116 BenQ Medical Technology
18.9xn/aNT$2.7b
4736 TaiDoc Technology
4.9x-35.8%NT$15.0b

Price-To-Earnings vs Peers: 4736 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (30.2x).


Price to Earnings Ratio vs Industry

How does 4736's PE Ratio compare vs other companies in the TW Medical Equipment Industry?

Price-To-Earnings vs Industry: 4736 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the TW Medical Equipment industry average (18.9x)


Price to Earnings Ratio vs Fair Ratio

What is 4736's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4736 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: 4736 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).


Share Price vs Fair Value

What is the Fair Price of 4736 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4736 (NT$161) is trading below our estimate of fair value (NT$206.22)

Significantly Below Fair Value: 4736 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.


Discover undervalued companies

Future Growth

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

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


-35.8%

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 (-35.8% per year).

Earnings vs Market: 4736's earnings are forecast to decline over the next 3 years (-35.8% per year).

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

Revenue vs Market: 4736's revenue is expected to decline over the next 3 years (-16.5% per year).

High Growth Revenue: 4736's revenue is forecast to decline over the next 3 years (-16.5% 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 (15.6%).


Discover growth companies

Past Performance

How has TaiDoc Technology performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


36.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4736 has high quality earnings.

Growing Profit Margin: 4736's current net profit margins (34.4%) are higher than last year (29.5%).


Past Earnings Growth Analysis

Earnings Trend: 4736's earnings have grown significantly by 36.4% per year over the past 5 years.

Accelerating Growth: 4736's earnings growth over the past year (74.8%) exceeds its 5-year average (36.4% per year).

Earnings vs Industry: 4736 earnings growth over the past year (74.8%) exceeded the Medical Equipment industry 19%.


Return on Equity

High ROE: 4736's Return on Equity (37.1%) is considered high.


Discover strong past performing companies

Financial Health

How is TaiDoc Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4736's short term assets (NT$9.2B) exceed its short term liabilities (NT$5.1B).

Long Term Liabilities: 4736's short term assets (NT$9.2B) exceed its long term liabilities (NT$403.1M).


Debt to Equity History and Analysis

Debt Level: 4736 has more cash than its total debt.

Reducing Debt: 4736's debt to equity ratio has reduced from 74.6% to 13.8% over the past 5 years.

Debt Coverage: 4736's debt is well covered by operating cash flow (238.1%).

Interest Coverage: 4736's interest payments on its debt are well covered by EBIT (1499.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.28%

Current Dividend Yield

Dividend Yield vs Market

TaiDoc Technology Dividend Yield vs Market
How does TaiDoc Technology dividend yield compare to the market?
SegmentDividend Yield
Company (TaiDoc Technology)9.3%
Market Bottom 25% (TW)2.6%
Market Top 25% (TW)7.0%
Industry Average (Medical Equipment)3.9%
Analyst forecast in 3 Years (TaiDoc Technology)9.1%

Notable Dividend: 4736's dividend (9.28%) is higher than the bottom 25% of dividend payers in the TW market (2.59%).

High Dividend: 4736's dividend (9.28%) is in the top 25% of dividend payers in the TW market (7%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.5%), 4736's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.4%), 4736's dividend payments are covered by cash flows.


Discover strong dividend paying companies

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

What is the ownership structure of 4736?
Owner TypeNumber of SharesOwnership Percentage
Institutions5,873,1236.3%
General Public87,570,75593.7%

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


Top Shareholders

Top 20 shareholders own 6.29% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
2.62%
The Vanguard Group, Inc.
2,452,000NT$394.8m3.29%no data
1.13%
Dimensional Fund Advisors LP
1,054,419NT$169.8m0.09%no data
0.9%
BlackRock, Inc.
841,000NT$135.4m0%no data
0.66%
Norges Bank Investment Management
619,157NT$99.7m0%no data
0.23%
Franklin Resources, Inc.
214,746NT$34.6m29.96%no data
0.2%
Thrivent Investment Management, Inc.
189,000NT$30.4m0%no data
0.17%
State Street Global Advisors, Inc.
159,294NT$25.6m-4.21%no data
0.14%
Goldman Sachs Asset Management, L.P.
133,000NT$21.4m166%no data
0.064%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
60,000NT$9.7m7.14%no data
0.047%
American Century Investment Management Inc
44,000NT$7.1m0%no data
0.029%
ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg
26,660NT$4.3m0%no data
0.024%
Geode Capital Management, LLC
22,045NT$3.5m0.11%no data
0.021%
Eaton Vance Management
20,000NT$3.2m0%no data
0.012%
Artico Partners AG
10,802NT$1.7m0%0.05%
0.0096%
Allianz Asset Management AG
9,000NT$1.4m0%no data
0.0086%
Wilshire Advisors LLC
8,000NT$1.3m0%0.01%
0.0043%
PGIM, Inc.
4,000NT$644.0k0%no data
0.0032%
Northern Trust Global Investments
3,000NT$483.0k0%no data
0.0021%
Legal & General Investment Management Limited
2,000NT$322.0k0%no data
0.0011%
Loomis Sayles & Company, L.P.
1,000NT$161.0k0%no data

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
  • Implied Market Cap: NT$15.044b
  • Shares outstanding: 93.44m
  • Website: https://www.taidoc.com

Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4736TPEX (Taipei Exchange)YesCommon StockTWTWDSep 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 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.