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Market Cap

NT$5.3b

Last Updated

2021/04/21 08:46 UTC

Data Sources

Company Financials +

Executive Summary

Froch Enterprise Co., Ltd. manufactures, sells, and exports stainless steel welded tubes and pipes in Taiwan and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has Froch Enterprise's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2030 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 2030's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

15.9%

2030

17.5%

TW Metals and Mining

2.0%

TW Market


1 Year Return

84.2%

2030

106.3%

TW Metals and Mining

66.7%

TW Market

Return vs Industry: 2030 underperformed the TW Metals and Mining industry which returned 108.1% over the past year.

Return vs Market: 2030 exceeded the TW Market which returned 68.2% over the past year.


Shareholder returns

2030IndustryMarket
7 Day15.9%17.5%2.0%
30 Day39.5%46.5%6.3%
90 Day46.2%61.9%7.5%
1 Year93.4%84.2%112.1%106.3%72.4%66.7%
3 Year35.0%11.3%82.5%65.1%81.1%60.4%
5 Year118.0%75.8%118.8%86.5%141.0%98.1%

Long-Term Price Volatility Vs. Market

How volatile is Froch Enterprise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Froch Enterprise undervalued compared to its fair value and its price relative to the market?

47.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2030 (NT$18.2) is trading above our estimate of fair value (NT$6.49)

Significantly Below Fair Value: 2030 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2030 is poor value based on its PE Ratio (47.5x) compared to the TW Metals and Mining industry average (33.6x).

PE vs Market: 2030 is poor value based on its PE Ratio (47.5x) compared to the TW market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2030's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2030 is good value based on its PB Ratio (1.3x) compared to the TW Metals and Mining industry average (1.8x).


Future Growth

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

42.8%

Forecasted Materials industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 2030's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 2030's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2030's revenue is forecast to grow faster than the TW market.

High Growth Revenue: Insufficient data to determine if 2030's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2030's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Froch Enterprise performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2030 has high quality earnings.

Growing Profit Margin: 2030's current net profit margins (1%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 2030 has become profitable over the past 5 years, growing earnings by 14.9% per year.

Accelerating Growth: 2030's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2030 had negative earnings growth (-59.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (45.8%).


Return on Equity

High ROE: 2030's Return on Equity (2.8%) is considered low.


Financial Health

How is Froch Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: 2030's short term assets (NT$7.1B) exceed its short term liabilities (NT$4.6B).

Long Term Liabilities: 2030's short term assets (NT$7.1B) exceed its long term liabilities (NT$3.1B).


Debt to Equity History and Analysis

Debt Level: 2030's debt to equity ratio (173.6%) is considered high.

Reducing Debt: 2030's debt to equity ratio has reduced from 215.4% to 173.6% over the past 5 years.

Debt Coverage: 2030's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2030's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

What is Froch Enterprise current dividend yield, its reliability and sustainability?

2.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2030's dividend (2.75%) is higher than the bottom 25% of dividend payers in the TW market (1.91%).

High Dividend: 2030's dividend (2.75%) is low compared to the top 25% of dividend payers in the TW market (4.71%).


Stability and Growth of Payments

Stable Dividend: 2030 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2030's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (130.5%), 2030'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?

16.9yrs

Average board tenure


CEO

Froch Enterprise has no CEO, or we have no data on them.


Board Members

Experienced Board: 2030's board of directors are seasoned and experienced ( 16.9 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

Froch Enterprise Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Froch Enterprise Co., Ltd.
  • Ticker: 2030
  • Exchange: TSEC
  • Founded: 1970
  • Industry: Steel
  • Sector: Materials
  • Market Cap: NT$5.286b
  • Shares outstanding: 285.74m
  • Website: https://www.froch.com

Location

  • Froch Enterprise Co., Ltd.
  • No. 122 Industrial Road
  • Douliu
  • 640
  • Taiwan

Listings


Biography

Froch Enterprise Co., Ltd. manufactures, sells, and exports stainless steel welded tubes and pipes in Taiwan and internationally. It offers stainless steel pipes, large diameter stainless steel pipes, mech...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 08:46
End of Day Share Price2021/04/21 00:00
Earnings2020/12/31
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.