company background image
8406

Ginko InternationalTPEX:8406 Stock Report

Market Cap

NT$20.2b

7D

0.5%

1Y

53.3%

Updated

24 Sep, 2021

Data

Company Financials +
8406 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends3/6

8406 Overview

Ginko International Co., Ltd., together with its subsidiaries, manufactures and sells non-disposable and disposable contact lenses, and lens care products in China, Germany, the United Kingdom, Australia, Poland, Canada, Brazil, Iran, and internationally.

Ginko International Competitors

St.Shine OpticalLtd

TPEX:1565

NT$17.4b

Johnson & Johnson

NYSE:JNJ

US$432.7b

Alcon

SWX:ALC

CHF38.3b

Price History & Performance

Summary of all time highs, changes and price drops for Ginko International
Historical stock prices
Current Share PriceNT$207.00
52 Week HighNT$125.00
52 Week LowNT$300.00
Beta0.92
1 Month Change1.47%
3 Month Change-20.39%
1 Year Change53.33%
3 Year Change8.40%
5 Year Change-30.11%
Change since IPO-2.75%

Recent News & Updates

Shareholder Returns

8406TW Medical EquipmentTW Market
7D0.5%0.02%0.01%
1Y53.3%11.4%40.8%

Return vs Industry: 8406 exceeded the TW Medical Equipment industry which returned 10.8% over the past year.

Return vs Market: 8406 exceeded the TW Market which returned 39% over the past year.

Price Volatility

Is 8406's price volatile compared to industry and market?
8406 volatility
8406 Beta0.92
Industry Beta0.94
Market Beta1

Stable Share Price: 8406 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 8406's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/an/ahttps://www.ginkointernational.com

Ginko International Co., Ltd., together with its subsidiaries, manufactures and sells non-disposable and disposable contact lenses, and lens care products in China, Germany, the United Kingdom, Australia, Poland, Canada, Brazil, Iran, and internationally. The company offers various optical products, such as high definition contact lenses, toric lenses, cosmetic lenses, and others, as well as lens solutions under the Horien and Hydron brands. Ginko International Co., Ltd.

Ginko International Fundamentals Summary

How do Ginko International's earnings and revenue compare to its market cap?
8406 fundamental statistics
Market CapNT$20.19b
Earnings (TTM)NT$1.40b
Revenue (TTM)NT$8.60b

14.4x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8406 income statement (TTM)
RevenueNT$8.60b
Cost of RevenueNT$4.02b
Gross ProfitNT$4.58b
ExpensesNT$3.18b
EarningsNT$1.40b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.38
Gross Margin53.23%
Net Profit Margin16.22%
Debt/Equity Ratio75.6%

How did 8406 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

29.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8406 (NT$207) is trading below our estimate of fair value (NT$295.38)

Significantly Below Fair Value: 8406 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8406 is good value based on its PE Ratio (14.4x) compared to the TW Medical Equipment industry average (23.3x).

PE vs Market: 8406 is good value based on its PE Ratio (14.4x) compared to the TW market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: 8406 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 8406 is good value based on its PB Ratio (1.7x) compared to the TW Medical Equipment industry average (2x).


Future Growth

How is Ginko International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8406's forecast earnings growth (12.6% per year) is above the savings rate (0.8%).

Earnings vs Market: 8406's earnings (12.6% per year) are forecast to grow faster than the TW market (8.5% per year).

High Growth Earnings: 8406's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8406's revenue (9.5% per year) is forecast to grow slower than the TW market (9.5% per year).

High Growth Revenue: 8406's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8406's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Ginko International performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8406 has high quality earnings.

Growing Profit Margin: 8406's current net profit margins (16.2%) are higher than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: 8406's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: 8406's earnings growth over the past year (37.1%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: 8406 earnings growth over the past year (37.1%) exceeded the Medical Equipment industry 9.5%.


Return on Equity

High ROE: 8406's Return on Equity (12.1%) is considered low.


Financial Health

How is Ginko International's financial position?


Financial Position Analysis

Short Term Liabilities: 8406's short term assets (NT$13.9B) exceed its short term liabilities (NT$6.4B).

Long Term Liabilities: 8406's short term assets (NT$13.9B) exceed its long term liabilities (NT$4.5B).


Debt to Equity History and Analysis

Debt Level: 8406's debt to equity ratio (75.6%) is considered high.

Reducing Debt: 8406's debt to equity ratio has increased from 46.3% to 75.6% over the past 5 years.

Debt Coverage: 8406's debt is well covered by operating cash flow (29.9%).

Interest Coverage: 8406's interest payments on its debt are well covered by EBIT (42.3x coverage).


Balance Sheet


Dividend

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

2.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8406's dividend (2.9%) is higher than the bottom 25% of dividend payers in the TW market (1.95%).

High Dividend: 8406's dividend (2.9%) is low compared to the top 25% of dividend payers in the TW market (5.27%).


Stability and Growth of Payments

Stable Dividend: 8406 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8406's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.7%), 8406's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 8406's dividends in 3 years are forecast to be covered by earnings (57.8% payout ratio).


Next Steps

Management

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

13.0yrs

Average management tenure


CEO

Ginko International has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 8406's management team is seasoned and experienced (13 years average tenure).


Board Members

Experienced Board: 8406's board of directors are considered experienced (7.3 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

Ginko International Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ginko International Co., Ltd.
  • Ticker: 8406
  • Exchange: TPEX
  • Founded: 2007
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: NT$20.191b
  • Shares outstanding: 97.07m
  • Website: https://www.ginkointernational.com

Number of Employees


Location

  • Ginko International Co., Ltd.
  • Grand Pavilion
  • Hibiscus Way
  • Grand Cayman
  • Grand Cayman
  • KY1-1205
  • Cayman Islands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:39
End of Day Share Price2021/09/24 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.