TSEC:2906

Stock Analysis Report

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Executive Summary

Collins Co., Ltd. exports sundry goods and garments to department stores, warehouse clubs, supermarkets, discounted stores, home centers, drug stores and importers, etc. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2906 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2906's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

2906

-1.1%

TW Retail Distributors

-0.1%

TW Market


1 Year Return

36.7%

2906

16.0%

TW Retail Distributors

41.5%

TW Market

Return vs Industry: 2906 exceeded the TW Retail Distributors industry which returned 14.1% over the past year.

Return vs Market: 2906 underperformed the TW Market which returned 40.3% over the past year.


Shareholder returns

2906IndustryMarket
7 Day-1.6%-1.1%-0.1%
30 Day-1.3%4.6%5.6%
90 Day5.1%-0.8%15.0%
1 Year39.7%36.7%21.3%16.0%46.5%41.5%
3 Year55.4%41.7%19.3%5.9%67.1%48.2%
5 Year50.0%26.6%64.9%33.0%123.0%83.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Collins 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: 2906 (NT$15.5) is trading below our estimate of fair value (NT$84.2)

Significantly Below Fair Value: 2906 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2906 is poor value based on its PE Ratio (757.5x) compared to the TW Retail Distributors industry average (17.5x).

PE vs Market: 2906 is poor value based on its PE Ratio (757.5x) compared to the TW market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2906's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2906 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 Collins forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.1%

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 Collins 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 Collins performed over the past 5 years?

-22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2906 has high quality earnings.

Growing Profit Margin: 2906's current net profit margins (0.06%) are lower than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: 2906's earnings have declined by 22.3% per year over the past 5 years.

Accelerating Growth: 2906's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2906 had negative earnings growth (-92.9%) over the past year, making it difficult to compare to the Retail Distributors industry average (-23.2%).


Return on Equity

High ROE: 2906's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Collins's financial position?


Financial Position Analysis

Short Term Liabilities: 2906's short term assets (NT$3.9B) exceed its short term liabilities (NT$2.7B).

Long Term Liabilities: 2906's short term assets (NT$3.9B) exceed its long term liabilities (NT$1.3B).


Debt to Equity History and Analysis

Debt Level: 2906's debt to equity ratio (31.2%) is considered satisfactory.

Reducing Debt: 2906's debt to equity ratio has increased from 19.1% to 31.2% over the past 5 years.

Debt Coverage: 2906's debt is well covered by operating cash flow (31.9%).

Interest Coverage: 2906's interest payments on its debt are well covered by EBIT (58.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Collins's current dividend yield, its reliability and sustainability?

1.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2906's dividend (1.94%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.98%).

High Dividend: 2906's dividend (1.94%) is low compared to the top 25% of dividend payers in the TW market (4.99%).


Stability and Growth of Payments

Stable Dividend: 2906's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2906's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1466.1%), 2906'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?


CEO

Xi Lu Li

no data

Tenure

Xi Lu Li serves as General Manager at Collins Co., Ltd.


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

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


Key Information

  • Name: Collins Co., Ltd.
  • Ticker: 2906
  • Exchange: TSEC
  • Founded: 1969
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: NT$3.241b
  • Shares outstanding: 209.11m
  • Website: https://www.collins.com.tw

Location

  • Collins Co., Ltd.
  • No. 201, Dunhua North Road
  • 6th Floor
  • Taipei
  • 10544
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2906TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 1992

Biography

Collins Co., Ltd. exports sundry goods and garments to department stores, warehouse clubs, supermarkets, discounted stores, home centers, drug stores and importers, etc. worldwide. The company’s products i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 08:33
End of Day Share Price2021/03/04 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.