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Market Cap

NT$52.0b

Last Updated

2021/04/13 08:33 UTC

Data Sources

Company Financials +

Executive Summary

Chipbond Technology Corporation, together with its subsidiaries, provides services for backend assembly processing of LCD driver integrated circuits (ICs) in Taiwan, the United States, and internationally. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6147 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6147's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.9%

6147

-0.7%

TW Semiconductor

0.7%

TW Market


1 Year Return

43.0%

6147

112.4%

TW Semiconductor

63.5%

TW Market

Return vs Industry: 6147 underperformed the TW Semiconductor industry which returned 112.4% over the past year.

Return vs Market: 6147 underperformed the TW Market which returned 63.5% over the past year.


Shareholder returns

6147IndustryMarket
7 Day-1.9%-0.7%0.7%
30 Day6.6%1.7%4.2%
90 Day7.5%3.7%7.7%
1 Year52.8%43.0%117.8%112.4%69.1%63.5%
3 Year40.3%20.2%163.6%135.0%73.3%53.6%
5 Year114.5%67.9%332.2%259.1%133.7%92.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

46.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6147 (NT$77.5) is trading below our estimate of fair value (NT$144.23)

Significantly Below Fair Value: 6147 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6147 is good value based on its PE Ratio (13.8x) compared to the TW Semiconductor industry average (29x).

PE vs Market: 6147 is good value based on its PE Ratio (13.8x) compared to the TW market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: 6147 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 6147 is good value based on its PB Ratio (1.6x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is Chipbond Technology forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6147's forecast earnings growth (16.2% per year) is above the savings rate (0.8%).

Earnings vs Market: 6147's earnings (16.2% per year) are forecast to grow faster than the TW market (16.1% per year).

High Growth Earnings: 6147's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6147's revenue (6.9% per year) is forecast to grow slower than the TW market (10.1% per year).

High Growth Revenue: 6147's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6147's Return on Equity is forecast to be low in 3 years time (14.1%).


Past Performance

How has Chipbond Technology performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6147 has high quality earnings.

Growing Profit Margin: 6147's current net profit margins (16.4%) are lower than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: 6147's earnings have grown by 20% per year over the past 5 years.

Accelerating Growth: 6147's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6147 had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Semiconductor industry average (27.5%).


Return on Equity

High ROE: 6147's Return on Equity (11.4%) is considered low.


Financial Health

How is Chipbond Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6147's short term assets (NT$10.3B) exceed its short term liabilities (NT$6.8B).

Long Term Liabilities: 6147's short term assets (NT$10.3B) exceed its long term liabilities (NT$4.4B).


Debt to Equity History and Analysis

Debt Level: 6147's debt to equity ratio (14.1%) is considered satisfactory.

Reducing Debt: 6147's debt to equity ratio has reduced from 43.3% to 14.1% over the past 5 years.

Debt Coverage: 6147's debt is well covered by operating cash flow (136.4%).

Interest Coverage: 6147's interest payments on its debt are well covered by EBIT (133.9x coverage).


Balance Sheet


Dividend

What is Chipbond Technology current dividend yield, its reliability and sustainability?

5.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6147's dividend (5.42%) is higher than the bottom 25% of dividend payers in the TW market (2%).

High Dividend: 6147's dividend (5.42%) is in the top 25% of dividend payers in the TW market (4.78%)


Stability and Growth of Payments

Stable Dividend: 6147's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6147's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.9%), 6147's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6147's dividends in 3 years are forecast to be covered by earnings (69.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average management tenure


CEO

Fei-Jain Wu

14.83yrs

Tenure

Mr. Fei-Jain Wu serves as the Chief Executive Officer of Chipbond Technology Corp since June 14, 2006 and has been its Research & Development Officer since May 29, 2020. Mr. Wu serves as Director of Packag...


Leadership Team

Experienced Management: 6147's management team is seasoned and experienced (14.8 years average tenure).


Board Members

Experienced Board: 6147's board of directors are considered experienced (8.8 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 2.6%.


Top Shareholders

Company Information

Chipbond Technology Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chipbond Technology Corporation
  • Ticker: 6147
  • Exchange: GTSM
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$52.043b
  • Shares outstanding: 671.52m
  • Website: https://www.chipbond.com.tw

Location

  • Chipbond Technology Corporation
  • No. 3, Lising 5 Road
  • Hsinchu Science Park
  • Hsinchu City
  • 300
  • Taiwan

Listings


Biography

Chipbond Technology Corporation, together with its subsidiaries, provides services for backend assembly processing of LCD driver integrated circuits (ICs) in Taiwan, the United States, and internationally....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 08:33
End of Day Share Price2021/04/12 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.