TSEC:4722

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Qualipoly Chemical

Executive Summary

Qualipoly Chemical Corporation manufactures and supplies polyurethane resins, wire enamels, and insulating varnish. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Qualipoly Chemical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4722 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 4722's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

4722

0.5%

TW Chemicals

0.9%

TW Market


1 Year Return

2.4%

4722

-3.5%

TW Chemicals

18.7%

TW Market

Return vs Industry: 4722 exceeded the TW Chemicals industry which returned -4% over the past year.

Return vs Market: 4722 underperformed the TW Market which returned 17.8% over the past year.


Shareholder returns

4722IndustryMarket
7 Day0.7%0.5%0.9%
30 Day1.6%8.2%7.1%
90 Day2.7%9.9%8.2%
1 Year9.3%2.4%0.6%-3.5%23.0%18.7%
3 Year4.8%-11.8%6.7%-7.5%44.9%28.8%
5 Year28.5%-8.0%45.9%15.1%94.4%60.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Qualipoly Chemical undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4722 (NT$28.3) is trading below our estimate of fair value (NT$78.58)

Significantly Below Fair Value: 4722 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4722 is good value based on its PE Ratio (11.4x) compared to the TW Chemicals industry average (19.4x).

PE vs Market: 4722 is good value based on its PE Ratio (11.4x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4722's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4722's PB Ratio (1.1x) is in line with the TW Chemicals industry average.


Next Steps

Future Growth

How is Qualipoly Chemical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.1%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Qualipoly Chemical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Qualipoly Chemical performed over the past 5 years?

-9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4722 has high quality earnings.

Growing Profit Margin: 4722's current net profit margins (6.6%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 4722's earnings have declined by 9.3% per year over the past 5 years.

Accelerating Growth: 4722's earnings growth over the past year (1.6%) exceeds its 5-year average (-9.3% per year).

Earnings vs Industry: 4722 earnings growth over the past year (1.6%) underperformed the Chemicals industry 5.9%.


Return on Equity

High ROE: 4722's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Qualipoly Chemical's financial position?


Financial Position Analysis

Short Term Liabilities: 4722's short term assets (NT$1.9B) exceed its short term liabilities (NT$599.3M).

Long Term Liabilities: 4722's short term assets (NT$1.9B) exceed its long term liabilities (NT$97.4M).


Debt to Equity History and Analysis

Debt Level: 4722's debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: 4722's debt to equity ratio has reduced from 42.9% to 6.6% over the past 5 years.

Debt Coverage: 4722's debt is well covered by operating cash flow (307.3%).

Interest Coverage: 4722 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Qualipoly Chemical current dividend yield, its reliability and sustainability?

6.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4722's dividend (6.36%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).

High Dividend: 4722's dividend (6.36%) is in the top 25% of dividend payers in the TW market (5.24%)


Stability and Growth of Payments

Stable Dividend: 4722's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4722's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.5%), 4722's dividend payments are 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?


CEO

Qualipoly Chemical 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

Qualipoly Chemical Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Qualipoly Chemical Corporation
  • Ticker: 4722
  • Exchange: TSEC
  • Founded: 1978
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: NT$2.767b
  • Shares outstanding: 97.79m
  • Website: https://www.qualipoly.com

Location

  • Qualipoly Chemical Corporation
  • No. 2, Yong Gong 5th Road
  • Yong An District
  • Kaohsiung
  • 82841
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4722TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDDec 2001

Biography

Qualipoly Chemical Corporation manufactures and supplies polyurethane resins, wire enamels, and insulating varnish. The company offers UV curable materials used in various applications, such as wood coatin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 08:35
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.