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Market Cap

NT$8.7b

Last Updated

2021/04/17 08:57 UTC

Data Sources

Company Financials

Executive Summary

Tyntek Corporation manufactures and sells LED chips. More Details


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2426 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 2426'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

-5.7%

2426

-0.5%

TW Semiconductor

1.4%

TW Market


1 Year Return

149.8%

2426

102.7%

TW Semiconductor

62.2%

TW Market

Return vs Industry: 2426 exceeded the TW Semiconductor industry which returned 102.7% over the past year.

Return vs Market: 2426 exceeded the TW Market which returned 62.2% over the past year.


Shareholder returns

2426IndustryMarket
7 Day-5.7%-0.5%1.4%
30 Day-1.9%3.3%5.8%
90 Day67.7%5.7%10.5%
1 Year155.4%149.8%107.9%102.7%67.8%62.2%
3 Year91.5%69.7%172.8%143.1%77.2%56.9%
5 Year192.6%125.4%343.1%268.1%141.8%98.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2426 (NT$28.85) is trading above our estimate of fair value (NT$9.81)

Significantly Below Fair Value: 2426 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2426 is good value based on its PE Ratio (28.4x) compared to the TW Semiconductor industry average (29.2x).

PE vs Market: 2426 is poor value based on its PE Ratio (28.4x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2426's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2426 is good value based on its PB Ratio (2.2x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is Tyntek forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

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 Tyntek 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.


Past Performance

How has Tyntek performed over the past 5 years?

2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2426 has a large one-off gain of NT$427.2M impacting its December 31 2020 financial results.

Growing Profit Margin: 2426's current net profit margins (12.5%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: 2426's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: 2426's earnings growth over the past year (72.1%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: 2426 earnings growth over the past year (72.1%) exceeded the Semiconductor industry 27.7%.


Return on Equity

High ROE: 2426's Return on Equity (7.8%) is considered low.


Financial Health

How is Tyntek's financial position?


Financial Position Analysis

Short Term Liabilities: 2426's short term assets (NT$3.5B) exceed its short term liabilities (NT$1.3B).

Long Term Liabilities: 2426's short term assets (NT$3.5B) exceed its long term liabilities (NT$927.6M).


Debt to Equity History and Analysis

Debt Level: 2426's debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: 2426's debt to equity ratio has increased from 21% to 36% over the past 5 years.

Debt Coverage: 2426's debt is not well covered by operating cash flow (12.1%).

Interest Coverage: Insufficient data to determine if 2426's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Tyntek current dividend yield, its reliability and sustainability?

2.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2426's dividend (2.6%) is higher than the bottom 25% of dividend payers in the TW market (1.94%).

High Dividend: 2426's dividend (2.6%) is low compared to the top 25% of dividend payers in the TW market (4.78%).


Stability and Growth of Payments

Stable Dividend: 2426's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2426's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.9%), 2426's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Will Chou

no data

Tenure

Will Chou serves as President of Tyntek Corporation and Tynsolar Corporation.


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

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


Key Information

  • Name: Tyntek Corporation
  • Ticker: 2426
  • Exchange: TSEC
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$8.651b
  • Shares outstanding: 300.62m
  • Website: https://www.tyntek.com.tw

Location

  • Tyntek Corporation
  • No. 16, Gongye East 4th Road
  • East District
  • Hsinchu
  • 300
  • Taiwan

Listings


Biography

Tyntek Corporation manufactures and sells LED chips. The company offers visible LED, ultra HB LED, infrared LED, InGaAs/InP, and GaP/GaP regulator chips; SI products, such as Si submount, Si resistor, Si z...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 08:57
End of Day Share Price2021/04/16 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.