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United Renewable Energy

Market Cap

NT$41.4b

Last Updated

2021/04/11 08:49 UTC

Data Sources

Company Financials +

Executive Summary

United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells, solar cell modules, and wafers in Taiwan, India, Germany, the United States, and internationally. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has United Renewable Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3576 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 3576's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.


Market Performance


7 Day Return

4.7%

3576

2.3%

TW Semiconductor

1.9%

TW Market


1 Year Return

203.7%

3576

120.1%

TW Semiconductor

66.4%

TW Market

Return vs Industry: 3576 exceeded the TW Semiconductor industry which returned 117.7% over the past year.

Return vs Market: 3576 exceeded the TW Market which returned 66.6% over the past year.


Shareholder returns

3576IndustryMarket
7 Day4.7%2.3%1.9%
30 Day7.2%3.8%4.8%
90 Day12.3%9.7%9.9%
1 Year203.7%203.7%125.8%120.1%72.2%66.4%
3 Year19.6%19.6%161.4%133.1%71.1%51.6%
5 Year-17.3%-17.3%334.1%260.7%132.3%91.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is United Renewable Energy undervalued compared to its fair value and its price relative to the market?

4.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3576 (NT$15.55) is trading below our estimate of fair value (NT$16.19)

Significantly Below Fair Value: 3576 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 3576 is unprofitable, so we can't compare its PE Ratio to the TW Semiconductor industry average.

PE vs Market: 3576 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 3576's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3576's PB Ratio (2.9x) is in line with the TW Semiconductor industry average.


Future Growth

How is United Renewable Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

15.3%

Forecasted Semiconductors industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3576's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 3576's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 3576's revenue is forecast to grow faster than the TW market.

High Growth Revenue: Insufficient data to determine if 3576's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 3576's Return on Equity is forecast to be high in 3 years time


Past Performance

How has United Renewable Energy performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3576 is currently unprofitable.

Growing Profit Margin: 3576 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3576 is unprofitable, and losses have increased over the past 5 years at a rate of 6.2% per year.

Accelerating Growth: Unable to compare 3576's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3576 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (27.5%).


Return on Equity

High ROE: 3576 has a negative Return on Equity (-41.02%), as it is currently unprofitable.


Financial Health

How is United Renewable Energy's financial position?


Financial Position Analysis

Short Term Liabilities: 3576's short term assets (NT$14.1B) exceed its short term liabilities (NT$11.2B).

Long Term Liabilities: 3576's short term assets (NT$14.1B) exceed its long term liabilities (NT$6.2B).


Debt to Equity History and Analysis

Debt Level: 3576's debt to equity ratio (50.7%) is considered high.

Reducing Debt: 3576's debt to equity ratio has reduced from 67.7% to 50.7% over the past 5 years.


Balance Sheet


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 3576 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 3576 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12% per year.


Dividend

What is United Renewable Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3576's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3576's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3576's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3576's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3576 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3576's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Wen-Whe Pan (67 yo)

2.5yrs

Tenure

NT$8,746,000

Compensation

Dr. Wen-Whe Pan has been Chief Executive Officer and President of United Renewable Energy Co., Ltd.(also known as Neo Solar Power Corp). since October 1, 2018 and has been its Director since November 20, 2...


CEO Compensation Analysis

Compensation vs Market: Wen-Whe's total compensation ($USD307.48K) is about average for companies of similar size in the TW market ($USD347.33K).

Compensation vs Earnings: Wen-Whe's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 3576's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 3576's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

United Renewable Energy Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Renewable Energy Co., Ltd.
  • Ticker: 3576
  • Exchange: TSEC
  • Founded: 2005
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$41.412b
  • Shares outstanding: 2.66b
  • Website: https://www.urecorp.com

Location

  • United Renewable Energy Co., Ltd.
  • Hsinchu Science Park
  • No. 7, Li-Hsin 3rd Road
  • Hsinchu City
  • 30078
  • Taiwan

Listings


Biography

United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells, solar cell modules, and wafers in Taiwan, India, Germany, the United States, and intern...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:49
End of Day Share Price2021/04/09 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.