IC Plus Corp. offers turnkey solutions for transceivers, Ethernet switches, media converters, and power over Ethernet products primarily in Taiwan. More Details
Excellent balance sheet with weak fundamentals.
Share Price & News
How has IC Plus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8040 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: 8040's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of TW stocks.
7 Day Return
1 Year Return
Return vs Industry: 8040 exceeded the TW Semiconductor industry which returned 117.7% over the past year.
Return vs Market: 8040 exceeded the TW Market which returned 66.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is IC Plus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StHow Does IC Plus Corp. (GTSM:8040) Fare As A Dividend Stock?
5 months ago | Simply Wall StThese 4 Measures Indicate That IC Plus (GTSM:8040) Is Using Debt Reasonably Well
7 months ago | Simply Wall StIs IC Plus Corp. (GTSM:8040) A Smart Choice For Dividend Investors?
Is IC Plus undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 8040 (NT$67) is trading above our estimate of fair value (NT$1.62)
Significantly Below Fair Value: 8040 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 8040 is unprofitable, so we can't compare its PE Ratio to the TW Semiconductor industry average.
PE vs Market: 8040 is unprofitable, so we can't compare its PE Ratio to the TW market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8040's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 8040 is overvalued based on its PB Ratio (6.7x) compared to the TW Semiconductor industry average (3x).
How is IC Plus forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 IC Plus 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.
How has IC Plus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8040 is currently unprofitable.
Growing Profit Margin: 8040 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 8040 is unprofitable, but has reduced losses over the past 5 years at a rate of 12% per year.
Accelerating Growth: Unable to compare 8040's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8040 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (27.5%).
Return on Equity
High ROE: 8040 has a negative Return on Equity (-16.81%), as it is currently unprofitable.
How is IC Plus's financial position?
Financial Position Analysis
Short Term Liabilities: 8040's short term assets (NT$676.3M) exceed its short term liabilities (NT$296.8M).
Long Term Liabilities: 8040's short term assets (NT$676.3M) exceed its long term liabilities (NT$24.3M).
Debt to Equity History and Analysis
Debt Level: 8040's debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 8040's debt to equity ratio has increased from 2.8% to 14.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 8040 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8040 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.8% per year.
What is IC Plus's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8040's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 8040's dividend (0.3%) is low compared to the top 25% of dividend payers in the TW market (4.82%).
Stability and Growth of Payments
Stable Dividend: 8040 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.
Growing Dividend: 8040 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 8040 is not paying a notable dividend for the TW market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 8040's dividend in 3 years as they are not forecast to pay a notable one for the TW market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
IC Plus has no CEO, or we have no data on them.
Experienced Board: 8040's board of directors are seasoned and experienced ( 17 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
IC Plus Corp.'s company bio, employee growth, exchange listings and data sources
- Name: IC Plus Corp.
- Ticker: 8040
- Exchange: GTSM
- Founded: 1997
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$4.593b
- Shares outstanding: 68.55m
- Website: https://www.icplus.com.tw
Number of Employees
- IC Plus Corp.
- Guangfu Road
- 10th Floor
- Hsinchu City
IC Plus Corp. offers turnkey solutions for transceivers, Ethernet switches, media converters, and power over Ethernet products primarily in Taiwan. The company offers PHY transceivers, PoE PSE controllers,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 08:51|
|End of Day Share Price||2021/04/09 00:00|
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.