TCI Co., Ltd. engages in the research, development, manufacture, and sale of functional beverages, dietary supplements, and skin care products Taiwan, Asia and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$228.00|
|52 Week High||NT$183.00|
|52 Week Low||NT$350.00|
|1 Month Change||-12.98%|
|3 Month Change||-13.64%|
|1 Year Change||-20.00%|
|3 Year Change||-41.78%|
|5 Year Change||108.72%|
|Change since IPO||886.53%|
Recent News & Updates
|8436||TW Personal Products||TW Market|
Return vs Industry: 8436 underperformed the TW Personal Products industry which returned -15.1% over the past year.
Return vs Market: 8436 underperformed the TW Market which returned 36.1% over the past year.
Stable Share Price: 8436 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 8436's weekly volatility (7%) has been stable over the past year.
About the Company
TCI Co., Ltd. engages in the research, development, manufacture, and sale of functional beverages, dietary supplements, and skin care products Taiwan, Asia and internationally. The company’s products include health foods; functional beverages, including collagen beverages that supplement the loss of collagen; glucosamine beverages that lubricate joints; other liquid drinks for whitening, breast enhancement, slimming, reducing blood fat levels, and improving immunity; dietary supplements, such as hard and soft capsules, tablets, powders, liquid products, and jelly; and skin care products, including face care and body care products. It also offers original design manufacturing and turnkey services.
Is TCI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 8436 (NT$234.5) is trading below our estimate of fair value (NT$418.17)
Significantly Below Fair Value: 8436 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 8436 is poor value based on its PE Ratio (15.1x) compared to the TW Personal Products industry average (15x).
PE vs Market: 8436 is good value based on its PE Ratio (15.1x) compared to the TW market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: 8436 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 8436 is overvalued based on its PB Ratio (3.3x) compared to the TW Personal Products industry average (2x).
How is TCI forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8436's forecast earnings growth (12.5% per year) is above the savings rate (0.8%).
Earnings vs Market: 8436's earnings (12.5% per year) are forecast to grow faster than the TW market (8.6% per year).
High Growth Earnings: 8436's earnings are forecast to grow, but not significantly.
Revenue vs Market: 8436's revenue (12.2% per year) is forecast to grow faster than the TW market (9.5% per year).
High Growth Revenue: 8436's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 8436's Return on Equity is forecast to be high in 3 years time (23.6%)
How has TCI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8436 has high quality earnings.
Growing Profit Margin: 8436's current net profit margins (21.4%) are higher than last year (19.8%).
Past Earnings Growth Analysis
Earnings Trend: 8436's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: 8436's earnings growth over the past year (9%) is below its 5-year average (27.5% per year).
Earnings vs Industry: 8436 earnings growth over the past year (9%) underperformed the Personal Products industry 17.9%.
Return on Equity
High ROE: 8436's Return on Equity (21.8%) is considered high.
How is TCI's financial position?
Financial Position Analysis
Short Term Liabilities: 8436's short term assets (NT$7.8B) exceed its short term liabilities (NT$4.4B).
Long Term Liabilities: 8436's short term assets (NT$7.8B) exceed its long term liabilities (NT$611.3M).
Debt to Equity History and Analysis
Debt Level: 8436's debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: 8436's debt to equity ratio has increased from 2.9% to 19.1% over the past 5 years.
Debt Coverage: 8436's debt is well covered by operating cash flow (160.7%).
Interest Coverage: 8436 earns more interest than it pays, so coverage of interest payments is not a concern.
What is TCI current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8436's dividend (3.77%) is higher than the bottom 25% of dividend payers in the TW market (1.93%).
High Dividend: 8436's dividend (3.77%) is low compared to the top 25% of dividend payers in the TW market (5.25%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 8436 has been paying a dividend for less than 10 years.
Growing Dividend: 8436's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57%), 8436's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 8436's dividends in 3 years are forecast to be covered by earnings (53% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Yung Hsiang Lin is a Chairman, CEO & General Manager of TCI Co., Ltd and has been its Director since May 2017. He holds Bachelor Degree in Botany from National Chung Hsing University. He was a Deputy G...
Experienced Management: 8436's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: 8436's board of directors are considered experienced (3.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TCI Co., Ltd.'s employee growth, exchange listings and data sources
- Name: TCI Co., Ltd.
- Ticker: 8436
- Exchange: TPEX
- Founded: 1980
- Industry: Personal Products
- Sector: Household
- Market Cap: NT$26.727b
- Shares outstanding: 117.22m
- Website: https://www.tci-bio.com
- TCI Co., Ltd.
- No. 187, Kang Chien Road
- 8th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 15:22|
|End of Day Share Price||2021/09/22 00:00|
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.