Executive Summary
Munsin Garment Corporation manufactures and trades in various garment knitwear in Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has Munsin Garment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2916 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2916's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.6%
2916
-1.6%
TW Retail Distributors
-3.2%
TW Market
1 Year Return
-1.7%
2916
15.5%
TW Retail Distributors
38.1%
TW Market
Return vs Industry: 2916 underperformed the TW Retail Distributors industry which returned 15.5% over the past year.
Return vs Market: 2916 underperformed the TW Market which returned 38.1% over the past year.
Shareholder returns
| 2916 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | -1.6% | -3.2% |
| 30 Day | 1.5% | 2.5% | 1.5% |
| 90 Day | 4.3% | -1.4% | 12.1% |
| 1 Year | 5.1%-1.7% | 20.8%15.5% | 43.0%38.1% |
| 3 Year | 28.9%4.6% | 18.1%4.8% | 63.9%45.5% |
| 5 Year | 34.3%-3.1% | 64.4%32.6% | 120.0%81.3% |
Long-Term Price Volatility Vs. Market
How volatile is Munsin Garment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Munsin Garment Corporation's (GTSM:2916) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?1 month ago | Simply Wall St
The Returns At Munsin Garment (GTSM:2916) Provide Us With Signs Of What's To Come2 months ago | Simply Wall St
Is Munsin Garment (GTSM:2916) A Risky Investment?Valuation
Is Munsin Garment undervalued compared to its fair value and its price relative to the market?
23.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2916 (NT$17.1) is trading below our estimate of fair value (NT$22.43)
Significantly Below Fair Value: 2916 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2916 is good value based on its PE Ratio (15.4x) compared to the TW Retail Distributors industry average (18x).
PE vs Market: 2916 is good value based on its PE Ratio (15.4x) compared to the TW market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2916's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2916 is good value based on its PB Ratio (1.1x) compared to the TW Retail Distributors industry average (1.4x).
Next Steps
Future Growth
How is Munsin Garment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.2%
Forecasted Retail 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 Munsin Garment 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
- Examine whether Munsin Garment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Retail industry.
Past Performance
How has Munsin Garment performed over the past 5 years?
-2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2916 has high quality earnings.
Growing Profit Margin: 2916's current net profit margins (4.5%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: 2916's earnings have declined by 2.1% per year over the past 5 years.
Accelerating Growth: 2916's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2916 had negative earnings growth (-24.6%) over the past year, making it difficult to compare to the Retail Distributors industry average (-23.2%).
Return on Equity
High ROE: 2916's Return on Equity (7%) is considered low.
Next Steps
Financial Health
How is Munsin Garment's financial position?
Financial Position Analysis
Short Term Liabilities: 2916's short term assets (NT$877.4M) exceed its short term liabilities (NT$288.4M).
Long Term Liabilities: 2916's short term assets (NT$877.4M) exceed its long term liabilities (NT$70.6M).
Debt to Equity History and Analysis
Debt Level: 2916's debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: 2916's debt to equity ratio has reduced from 26.5% to 16.1% over the past 5 years.
Debt Coverage: 2916's debt is well covered by operating cash flow (86.4%).
Interest Coverage: 2916's interest payments on its debt are well covered by EBIT (39.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Munsin Garment current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2916's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2916's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2916's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2916's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2916 is not paying a notable dividend for the TW market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2916's dividend in 3 years as they are not forecast to pay a notable one for the TW market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Munsin Garment 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
Munsin Garment Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Munsin Garment Corporation
- Ticker: 2916
- Exchange: GTSM
- Founded: 1977
- Industry: Distributors
- Sector: Retail
- Market Cap: NT$934.120m
- Shares outstanding: 54.63m
- Website: https://www.munsin.com.tw
Number of Employees
Location
- Munsin Garment Corporation
- No. 18, Wuquan sixth Road
- Wuzhan District
- New Taipei City
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2916 | GTSM (Taipei Exchange) | Yes | Common Stock | TW | TWD | May 2004 |
Biography
Munsin Garment Corporation manufactures and trades in various garment knitwear in Taiwan. The company offers golf apparel, lightweight sportswear, professional bicycles, equestrian sporting goods, casual w...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 08:35 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.