GTSM:4966

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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

4966IndustryMarket
7 Day0%-1.9%-0.7%
30 Day-10.6%-3.7%1.0%
90 Day8.7%15.8%10.8%
1 Year77.6%73.8%90.2%84.8%44.2%39.3%
3 Year124.6%109.4%147.2%121.0%61.9%43.7%
5 Year286.2%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

Valuation

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

NamePositionTenureCompensationOwnership
Ji Zhao
Co-Founder10.17yrsno datano data
Ming Qu
Vice Chairman & President10.17yrsno datano data
Jingwu Chiu
Co-Founder & Executive VP of Marketingno datano datano data
Ding Lu
Co-Founder & Executive VP of Product Development15.25yrsno datano data
Judy Wang
Chief Financial Officer14.08yrsno datano data
Randy Baker
Senior Vice President of Operations5.08yrsno datano data
Yo-Ming Chang
Investor Relations Officerno datano datano data
Yun Chou
Senior VP & General Counsel3.67yrsno datano data
Peter Oaklander
Senior Vice President of World Wide Sales1.5yrsno datano data
Joseph Montalbo
Senior Vice President of Truetouch Business5.58yrsno datano data

7.9yrs

Average Tenure

Experienced Management: 4966's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ji Zhao
Co-Founder10.17yrsno datano data
Ming Qu
Vice Chairman & President10.17yrsno datano data
Dennis Segers
Independent Director14.17yrsno datano data
Ying-Chun Tsui
Director13.67yrsno datano data
Xiaoli Huang
Independent Director10.42yrsno datano data
Da Huang
Director13.58yrsno datano data
Shen Jen Lin
Independent Director10.42yrsno datano data
Hao Chen
Director10.25yrsno datano data
Rong Yang
Director15.25yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4966GTSM (Taipei Exchange)YesCommon StockTWTWDSep 2011
80532989BDL (Bourse de Luxembourg)GDS EACH REPR 1 SHR TWD10 REGS(SPONS)LUUSDJul 2012
47044910BDL (Bourse de Luxembourg)GDS - REPR 1 ORD TWD10 RULE 144ALUUSDJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 08:32
End of Day Share Price2021/03/05 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.