Parade Technologies
Market Cap
NT$95.7b
Last Updated
2021/03/08 08:32 UTC
Data Sources
Company Financials +
Executive Summary
Parade Technologies, Ltd., a fabless semiconductor company, designs, develops, and sells high-speed interface standards, and touch controller and display processing integrated circuit (IC) chips for products used in computers, consumer electronics, and display panels. More Details
Snowflake Analysis
Outstanding track record with flawless balance sheet.
Similar Companies
Share Price & News
How has Parade Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4966 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 4966's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of TW stocks.
Market Performance
7 Day Return
0%
4966
-1.9%
TW Semiconductor
-0.7%
TW Market
1 Year Return
73.8%
4966
84.8%
TW Semiconductor
39.3%
TW Market
Return vs Industry: 4966 underperformed the TW Semiconductor industry which returned 84.8% over the past year.
Return vs Market: 4966 exceeded the TW Market which returned 39.3% over the past year.
Shareholder returns
| 4966 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.9% | -0.7% |
| 30 Day | -10.6% | -3.7% | 1.0% |
| 90 Day | 8.7% | 15.8% | 10.8% |
| 1 Year | 77.6%73.8% | 90.2%84.8% | 44.2%39.3% |
| 3 Year | 124.6%109.4% | 147.2%121.0% | 61.9%43.7% |
| 5 Year | 286.2%247.5% | 312.4%243.7% | 116.6%78.5% |
Long-Term Price Volatility Vs. Market
How volatile is Parade Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is It Smart To Buy Parade Technologies, Ltd. (GTSM:4966) Before It Goes Ex-Dividend?2 weeks ago | Simply Wall St
Key Things To Watch Out For If You Are After Parade Technologies, Ltd.'s (GTSM:4966) 1.3% Dividend1 month ago | Simply Wall St
Shareholders of Parade Technologies (GTSM:4966) Must Be Delighted With Their 391% Total ReturnValuation
Is Parade Technologies undervalued compared to its fair value and its price relative to the market?
26.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 4966 (NT$1185) is trading above our estimate of fair value (NT$817.91)
Significantly Below Fair Value: 4966 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4966 is good value based on its PE Ratio (26.4x) compared to the TW Semiconductor industry average (26.7x).
PE vs Market: 4966 is poor value based on its PE Ratio (26.4x) compared to the TW market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: 4966 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 4966 is overvalued based on its PB Ratio (7.5x) compared to the TW Semiconductor industry average (2.5x).
Next Steps
Future Growth
How is Parade Technologies forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4966's forecast earnings growth (19% per year) is above the savings rate (0.8%).
Earnings vs Market: 4966's earnings (19% per year) are forecast to grow faster than the TW market (18.1% per year).
High Growth Earnings: 4966's earnings are forecast to grow, but not significantly.
Revenue vs Market: 4966's revenue (14.3% per year) is forecast to grow faster than the TW market (10.8% per year).
High Growth Revenue: 4966's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4966's Return on Equity is forecast to be high in 3 years time (31.8%)
Next Steps
Past Performance
How has Parade Technologies performed over the past 5 years?
20.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4966 has high quality earnings.
Growing Profit Margin: 4966's current net profit margins (22.9%) are higher than last year (20.6%).
Past Earnings Growth Analysis
Earnings Trend: 4966's earnings have grown significantly by 20.1% per year over the past 5 years.
Accelerating Growth: 4966's earnings growth over the past year (44%) exceeds its 5-year average (20.1% per year).
Earnings vs Industry: 4966 earnings growth over the past year (44%) exceeded the Semiconductor industry 22.7%.
Return on Equity
High ROE: 4966's Return on Equity (27.6%) is considered high.
Next Steps
Financial Health
How is Parade Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: 4966's short term assets (NT$12.5B) exceed its short term liabilities (NT$3.7B).
Long Term Liabilities: 4966's short term assets (NT$12.5B) exceed its long term liabilities (NT$174.0M).
Debt to Equity History and Analysis
Debt Level: 4966 is debt free.
Reducing Debt: 4966 has not had any debt for past 5 years.
Debt Coverage: 4966 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 4966 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Parade Technologies's current dividend yield, its reliability and sustainability?
1.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4966's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.03%).
High Dividend: 4966's dividend (1.55%) is low compared to the top 25% of dividend payers in the TW market (5%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 4966 has been paying a dividend for less than 10 years.
Growing Dividend: 4966's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.4%), 4966's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 4966's dividends in 3 years are forecast to be well covered by earnings (48.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average management tenure
CEO
Jack Zhao
10.17yrs
Tenure
Dr. Ji Zhao, also known as Jack is the co-founder of Parade Technologies, Ltd. and has been its Chairman and Chief Executive Officer since January 2011. Dr. Zhao served as President, Chief Executive Office...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 10.17yrs | no data | no data | |
| Vice Chairman & President | 10.17yrs | no data | no data | |
| Co-Founder & Executive VP of Marketing | no data | no data | no data | |
| Co-Founder & Executive VP of Product Development | 15.25yrs | no data | no data | |
| Chief Financial Officer | 14.08yrs | no data | no data | |
| Senior Vice President of Operations | 5.08yrs | no data | no data | |
| Investor Relations Officer | no data | no data | no data | |
| Senior VP & General Counsel | 3.67yrs | no data | no data | |
| Senior Vice President of World Wide Sales | 1.5yrs | no data | no data | |
| Senior Vice President of Truetouch Business | 5.58yrs | no data | no data |
7.9yrs
Average Tenure
Experienced Management: 4966's management team is seasoned and experienced (7.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 10.17yrs | no data | no data | |
| Vice Chairman & President | 10.17yrs | no data | no data | |
| Independent Director | 14.17yrs | no data | no data | |
| Director | 13.67yrs | no data | no data | |
| Independent Director | 10.42yrs | no data | no data | |
| Director | 13.58yrs | no data | no data | |
| Independent Director | 10.42yrs | no data | no data | |
| Director | 10.25yrs | no data | no data | |
| Director | 15.25yrs | no data | no data |
10.4yrs
Average Tenure
61.5yo
Average Age
Experienced Board: 4966's board of directors are seasoned and experienced ( 10.4 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 2.8%.
Top Shareholders
Company Information
Parade Technologies, Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Parade Technologies, Ltd.
- Ticker: 4966
- Exchange: GTSM
- Founded: 2005
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$95.715b
- Shares outstanding: 80.77m
- Website: https://www.paradetech.com
Location
- Parade Technologies, Ltd.
- Ugland House
- South Church Street
- George Town
- Grand Cayman
- Cayman Islands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 4966 | GTSM (Taipei Exchange) | Yes | Common Stock | TW | TWD | Sep 2011 |
| 80532989 | BDL (Bourse de Luxembourg) | GDS EACH REPR 1 SHR TWD10 REGS(SPONS) | LU | USD | Jul 2012 | |
| 47044910 | BDL (Bourse de Luxembourg) | GDS - REPR 1 ORD TWD10 RULE 144A | LU | USD | Jul 2012 |
Biography
Parade Technologies, Ltd., a fabless semiconductor company, designs, develops, and sells high-speed interface standards, and touch controller and display processing integrated circuit (IC) chips for produc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 08:32 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.