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5312

Formosa Optical TechnologyLtd TPEX:5312 Stock Report

Last Price

NT$58.40

Market Cap

NT$3.5b

7D

-2.7%

1Y

-4.6%

Updated

15 Aug, 2022

Data

Company Financials
5312 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends5/6

5312 Stock Overview

Formosa Optical Technology Co.,Ltd. operates in the optical industry in Taiwan.

Formosa Optical TechnologyLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Formosa Optical TechnologyLtd
Historical stock prices
Current Share PriceNT$58.40
52 Week HighNT$69.90
52 Week LowNT$57.10
Beta0.17
1 Month Change-6.71%
3 Month Change-5.35%
1 Year Change-4.58%
3 Year Change-4.26%
5 Year Change-13.61%
Change since IPO8.24%

Recent News & Updates

Shareholder Returns

5312TW Specialty RetailTW Market
7D-2.7%0.6%1.7%
1Y-4.6%3.5%-9.8%

Return vs Industry: 5312 underperformed the TW Specialty Retail industry which returned 3.5% over the past year.

Return vs Market: 5312 exceeded the TW Market which returned -9.8% over the past year.

Price Volatility

Is 5312's price volatile compared to industry and market?
5312 volatility
5312 Average Weekly Movement2.0%
Specialty Retail Industry Average Movement2.6%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 5312 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 5312's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981n/aJun Xiong Linhttps://www.formosa-optical.com.tw

Formosa Optical Technology Co.,Ltd. operates in the optical industry in Taiwan. The company offers lenses, frames, contact lenses, potions, sunglasses, and multifocal lenses through a network of optical stores.

Formosa Optical TechnologyLtd Fundamentals Summary

How do Formosa Optical TechnologyLtd's earnings and revenue compare to its market cap?
5312 fundamental statistics
Market CapNT$3.51b
Earnings (TTM)NT$250.16m
Revenue (TTM)NT$3.07b

14.0x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
5312 income statement (TTM)
RevenueNT$3.07b
Cost of RevenueNT$1.21b
Gross ProfitNT$1.86b
Other ExpensesNT$1.61b
EarningsNT$250.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.17
Gross Margin60.57%
Net Profit Margin8.15%
Debt/Equity Ratio28.4%

How did 5312 perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

103%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 5312 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5312?

Other financial metrics that can be useful for relative valuation.

5312 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA10.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 5312's PE Ratio compare to its peers?

5312 PE Ratio vs Peers
The above table shows the PE ratio for 5312 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.1x
2616 Shan-Loong TransportationLtd
12.3xn/aNT$4.6b
2430 Tsann Kuen EnterpriseLtd
7.7xn/aNT$5.1b
2947 Zhen Yu Hardware
22.4xn/aNT$2.2b
6195 Scan-D
9.3xn/aNT$2.5b
5312 Formosa Optical TechnologyLtd
14xn/aNT$3.5b

Price-To-Earnings vs Peers: 5312 is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

How does 5312's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

Price-To-Earnings vs Industry: 5312 is expensive based on its Price-To-Earnings Ratio (14x) compared to the TW Specialty Retail industry average (13.3x)


Price to Earnings Ratio vs Fair Ratio

What is 5312's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

5312 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 5312's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 5312 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5312 (NT$58.4) is trading below our estimate of fair value (NT$337.1)

Significantly Below Fair Value: 5312 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Formosa Optical TechnologyLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.4%

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 Formosa Optical TechnologyLtd 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.


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Past Performance

How has Formosa Optical TechnologyLtd performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 5312 has high quality earnings.

Growing Profit Margin: 5312's current net profit margins (8.1%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: 5312's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: 5312's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 5312 had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (0.7%).


Return on Equity

High ROE: 5312's Return on Equity (9.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Formosa Optical TechnologyLtd's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 5312's short term assets (NT$2.8B) exceed its short term liabilities (NT$1.8B).

Long Term Liabilities: 5312's short term assets (NT$2.8B) exceed its long term liabilities (NT$1.5B).


Debt to Equity History and Analysis

Debt Level: 5312 has more cash than its total debt.

Reducing Debt: 5312's debt to equity ratio has increased from 28.4% to 28.4% over the past 5 years.

Debt Coverage: 5312's debt is well covered by operating cash flow (122.4%).

Interest Coverage: 5312's interest payments on its debt are well covered by EBIT (19.1x coverage).


Balance Sheet


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Dividend

What is Formosa Optical TechnologyLtd current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 5312's dividend (7.36%) is higher than the bottom 25% of dividend payers in the TW market (2.49%).

High Dividend: 5312's dividend (7.36%) is in the top 25% of dividend payers in the TW market (6.52%)


Stability and Growth of Payments

Stable Dividend: 5312's dividends per share have been stable in the past 10 years.

Growing Dividend: 5312's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (103.1%), 5312's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.7%), 5312's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

10.2yrs

Average board tenure


CEO

Jun Xiong Lin

no data

Tenure

Jun Xiong Lin serves as the President at Formosa Optical Technology Co. Ltd. and has been its Director since June 27, 2012.


Board Members

Experienced Board: 5312's board of directors are seasoned and experienced ( 10.2 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

Formosa Optical Technology Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Formosa Optical Technology Co.,Ltd.
  • Ticker: 5312
  • Exchange: TPEX
  • Founded: 1981
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: NT$3.507b
  • Shares outstanding: 60.06m
  • Website: https://www.formosa-optical.com.tw

Location

  • Formosa Optical Technology Co.,Ltd.
  • No.97, Xintai, 5th Road
  • 16 Floor
  • New Taipei City
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.