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Market Cap

NT$4.5b

Last Updated

2021/04/17 08:47 UTC

Data Sources

Company Financials

Executive Summary

Macroblock, Inc. supplies LED drivers for display, backlighting, and lighting applications worldwide. More Details


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3527 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3527's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-5.3%

3527

-0.5%

TW Semiconductor

1.4%

TW Market


1 Year Return

23.4%

3527

102.7%

TW Semiconductor

62.2%

TW Market

Return vs Industry: 3527 underperformed the TW Semiconductor industry which returned 102.7% over the past year.

Return vs Market: 3527 underperformed the TW Market which returned 62.2% over the past year.


Shareholder returns

3527IndustryMarket
7 Day-5.3%-0.5%1.4%
30 Day-3.2%3.3%5.8%
90 Day8.4%5.7%10.5%
1 Year29.2%23.4%107.9%102.7%67.8%62.2%
3 Year59.6%43.5%172.8%143.1%77.2%56.9%
5 Year133.9%90.0%343.1%268.1%141.8%98.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

66.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3527 (NT$107.5) is trading above our estimate of fair value (NT$26.15)

Significantly Below Fair Value: 3527 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3527 is poor value based on its PE Ratio (66.9x) compared to the TW Semiconductor industry average (29.2x).

PE vs Market: 3527 is poor value based on its PE Ratio (66.9x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3527's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3527 is good value based on its PB Ratio (2.1x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

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

15.6%

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 Macroblock 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 Macroblock performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3527 has high quality earnings.

Growing Profit Margin: 3527's current net profit margins (3.6%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: 3527's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: 3527's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3527 had negative earnings growth (-70.3%) over the past year, making it difficult to compare to the Semiconductor industry average (27.7%).


Return on Equity

High ROE: 3527's Return on Equity (3%) is considered low.


Financial Health

How is Macroblock's financial position?


Financial Position Analysis

Short Term Liabilities: 3527's short term assets (NT$2.2B) exceed its short term liabilities (NT$446.2M).

Long Term Liabilities: 3527's short term assets (NT$2.2B) exceed its long term liabilities (NT$19.7M).


Debt to Equity History and Analysis

Debt Level: 3527 is debt free.

Reducing Debt: 3527 has no debt compared to 5 years ago when its debt to equity ratio was 3%.

Debt Coverage: 3527 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3527 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Macroblock current dividend yield, its reliability and sustainability?

1.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3527's dividend (1.86%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.94%).

High Dividend: 3527's dividend (1.86%) is low compared to the top 25% of dividend payers in the TW market (4.78%).


Stability and Growth of Payments

Stable Dividend: 3527's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3527's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (124.5%), 3527'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?

16.2yrs

Average board tenure


CEO

Qi Chen

14.08yrs

Tenure

Qi Kai Chen has been President of Macroblock, Inc. since March 2007 and serves as President of Shenzhen Juxin Photoelectricity Trading Co., Ltd. Qi Kai Chen served as Taiwan Branch Manager of Hongkong Hita...


Board Members

Experienced Board: 3527's board of directors are seasoned and experienced ( 16.2 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 been diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

Company Information

Macroblock, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Macroblock, Inc.
  • Ticker: 3527
  • Exchange: GTSM
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$4.549b
  • Shares outstanding: 44.45m
  • Website: https://www.mblock.com.tw

Number of Employees


Location

  • Macroblock, Inc.
  • No. 18, Pu-Ting Road
  • Floor 6-4
  • Hsinchu City
  • 30072
  • Taiwan

Listings


Biography

Macroblock, Inc. supplies LED drivers for display, backlighting, and lighting applications worldwide. The company’s products include display, local dimming backlight, RGB lighting, automotive lighting and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 08:47
End of Day Share Price2021/04/16 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.