NOT FOR DISTRIBUTION
Header cover image

Market Cap

NT$9.9b

Last Updated

2021/04/21 08:36 UTC

Data Sources

Company Financials

Executive Summary

ASIX Electronics Corporation, an IC Design company, supplies fabless semiconductors with focus on networking, communication, and connectivity applications. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3169 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 3169's weekly volatility has increased from 9% to 14% over the past year.


Market Performance


7 Day Return

-1.9%

3169

-1.5%

TW Semiconductor

2.0%

TW Market


1 Year Return

375.4%

3169

106.0%

TW Semiconductor

66.7%

TW Market

Return vs Industry: 3169 exceeded the TW Semiconductor industry which returned 108.3% over the past year.

Return vs Market: 3169 exceeded the TW Market which returned 68.2% over the past year.


Shareholder returns

3169IndustryMarket
7 Day-1.9%-1.5%2.0%
30 Day-7.0%2.7%6.3%
90 Day187.5%-5.2%7.5%
1 Year418.2%375.4%111.3%106.0%72.4%66.7%
3 Year583.2%456.8%175.5%145.5%81.1%60.4%
5 Year643.8%450.4%332.5%259.4%141.0%98.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ASIX Electronics undervalued compared to its fair value and its price relative to the market?

52.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3169 (NT$159) is trading above our estimate of fair value (NT$57.53)

Significantly Below Fair Value: 3169 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3169 is poor value based on its PE Ratio (52.1x) compared to the TW Semiconductor industry average (28.5x).

PE vs Market: 3169 is poor value based on its PE Ratio (52.1x) compared to the TW market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3169's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3169 is overvalued based on its PB Ratio (8.7x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

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

15.7%

Forecasted Semiconductors 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 ASIX Electronics 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.


Past Performance

How has ASIX Electronics performed over the past 5 years?

19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3169 has high quality earnings.

Growing Profit Margin: 3169's current net profit margins (21.9%) are higher than last year (19.7%).


Past Earnings Growth Analysis

Earnings Trend: 3169's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: 3169's earnings growth over the past year (12%) is below its 5-year average (19% per year).

Earnings vs Industry: 3169 earnings growth over the past year (12%) underperformed the Semiconductor industry 27.7%.


Return on Equity

High ROE: 3169's Return on Equity (17.6%) is considered low.


Financial Health

How is ASIX Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 3169's short term assets (NT$909.0M) exceed its short term liabilities (NT$150.0M).

Long Term Liabilities: 3169's short term assets (NT$909.0M) exceed its long term liabilities (NT$13.8M).


Debt to Equity History and Analysis

Debt Level: 3169 is debt free.

Reducing Debt: 3169 had no debt 5 years ago.

Debt Coverage: 3169 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3169 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3169's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.91%).

High Dividend: 3169's dividend (1.47%) is low compared to the top 25% of dividend payers in the TW market (4.71%).


Stability and Growth of Payments

Stable Dividend: 3169's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3169's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.5%), 3169's 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

ASIX Electronics 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 been diluted in the past year, with total shares outstanding growing by 26.5%.


Top Shareholders

Company Information

ASIX Electronics Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASIX Electronics Corporation
  • Ticker: 3169
  • Exchange: GTSM
  • Founded: 1995
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$9.854b
  • Shares outstanding: 61.98m
  • Website: https://www.asix.com.tw

Location

  • ASIX Electronics Corporation
  • Hsinchu Science Park
  • 4th Floor
  • Hsinchu City
  • 30078
  • Taiwan

Listings


Biography

ASIX Electronics Corporation, an IC Design company, supplies fabless semiconductors with focus on networking, communication, and connectivity applications. The company provides industrial, SuperSpeed USB, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 08:36
End of Day Share Price2021/04/20 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.