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Everlight Electronics

Market Cap

NT$21.1b

Last Updated

2021/04/14 08:32 UTC

Data Sources

Company Financials +

Executive Summary

Everlight Electronics Co., Ltd. manufactures and markets optoelectronics components in Taiwan and internationally. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

-3.3%

2393

-0.7%

TW Semiconductor

0.7%

TW Market


1 Year Return

61.9%

2393

112.4%

TW Semiconductor

63.5%

TW Market

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.


Shareholder returns

2393IndustryMarket
7 Day-3.3%-0.7%0.7%
30 Day3.4%1.7%4.2%
90 Day2.1%3.7%7.7%
1 Year68.6%61.9%117.8%112.4%69.1%63.5%
3 Year27.6%7.8%163.6%135.0%73.3%53.6%
5 Year34.0%0.6%332.2%259.1%133.7%92.2%

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

Valuation

Is Everlight Electronics undervalued compared to its fair value and its price relative to the market?

32.7%

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).


Future Growth

How is Everlight Electronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.9%

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%).


Past Performance

How has Everlight Electronics performed over the past 5 years?

-18.2%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Everlight Electronics's current dividend yield, its reliability and sustainability?

4.81%

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).


Next Steps

Management

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

34.1yrs

Average management tenure


CEO

Robert Yeh

37.92yrs

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...


Leadership Team

Experienced Management: 2393's management team is seasoned and experienced (34.1 years average tenure).


Board Members

Experienced Board: 2393's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Everlight Electronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Everlight Electronics Co., Ltd.
  • No. 6-8, Chung-Hua Road
  • Shu-Ling District
  • New Taipei City
  • 23860
  • Taiwan

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/14 08:32
End of Day Share Price2021/04/14 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.