Everlight Electronics Co., Ltd. manufactures and markets optoelectronics components in Taiwan and internationally. More Details
Very undervalued with flawless balance sheet.
Share Price & News
How has Everlight Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2393 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2393's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2393 underperformed the TW Semiconductor industry which returned 118.9% over the past year.
Return vs Market: 2393 exceeded the TW Market which returned 67.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Everlight Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StEverlight Electronics Co., Ltd. (TPE:2393) Shares Could Be 28% Below Their Intrinsic Value Estimate
2 weeks ago | Simply Wall StHere's Why I Think Everlight Electronics (TPE:2393) Might Deserve Your Attention Today
Is Everlight Electronics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2393 (NT$47.6) is trading below our estimate of fair value (NT$70.14)
Significantly Below Fair Value: 2393 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2393 is good value based on its PE Ratio (17.1x) compared to the TW Semiconductor industry average (29.2x).
PE vs Market: 2393 is good value based on its PE Ratio (17.1x) compared to the TW market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: 2393 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 2393 is good value based on its PB Ratio (1.2x) compared to the TW Semiconductor industry average (2.9x).
How is Everlight Electronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2393's forecast earnings growth (18.9% per year) is above the savings rate (0.8%).
Earnings vs Market: 2393's earnings (18.9% per year) are forecast to grow faster than the TW market (16% per year).
High Growth Earnings: 2393's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2393's revenue (9.1% per year) is forecast to grow slower than the TW market (10.1% per year).
High Growth Revenue: 2393's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2393's Return on Equity is forecast to be low in 3 years time (9.9%).
How has Everlight Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2393 has high quality earnings.
Growing Profit Margin: 2393's current net profit margins (5.7%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: 2393's earnings have declined by 18.2% per year over the past 5 years.
Accelerating Growth: 2393's earnings growth over the past year (50.4%) exceeds its 5-year average (-18.2% per year).
Earnings vs Industry: 2393 earnings growth over the past year (50.4%) exceeded the Semiconductor industry 27.5%.
Return on Equity
High ROE: 2393's Return on Equity (7%) is considered low.
How is Everlight Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: 2393's short term assets (NT$19.7B) exceed its short term liabilities (NT$11.5B).
Long Term Liabilities: 2393's short term assets (NT$19.7B) exceed its long term liabilities (NT$839.3M).
Debt to Equity History and Analysis
Debt Level: 2393's debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: 2393's debt to equity ratio has reduced from 50.5% to 23.2% over the past 5 years.
Debt Coverage: 2393's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 2393 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Everlight Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2393's dividend (4.73%) is higher than the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 2393's dividend (4.73%) is low compared to the top 25% of dividend payers in the TW market (4.78%).
Stability and Growth of Payments
Stable Dividend: 2393's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2393's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.7%), 2393's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2393's dividends in 3 years are forecast to be covered by earnings (75% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Yin-Fu Yeh, also known as Robert, serves as the Chairman and President of Everlight Electronics Co. Ltd. since June 22, 2012 and May 15, 1983 respectively. Mr. Yeh serves as Chairman and President of T...
Experienced Management: 2393's management team is seasoned and experienced (34.1 years average tenure).
Experienced Board: 2393's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.
Everlight Electronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Everlight Electronics Co., Ltd.
- Ticker: 2393
- Exchange: TSEC
- Founded: 1983
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$21.106b
- Shares outstanding: 443.39m
- Website: https://www.everlight.com
- Everlight Electronics Co., Ltd.
- No. 6-8, Chung-Hua Road
- Shu-Ling District
- New Taipei City
Everlight Electronics Co., Ltd. manufactures and markets optoelectronics components in Taiwan and internationally. The company’s products include lighting components, such as visible and infrared LEDs; sen...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/14 08:32|
|End of Day Share Price||2021/04/14 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.