Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits (ICs) and memory for entry-level mobile phones, industrial displays, and automotive systems. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Sitronix Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8016 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 8016's weekly volatility (7%) 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: 8016 underperformed the TW Semiconductor industry which returned 120.1% over the past year.
Return vs Market: 8016 exceeded the TW Market which returned 66.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sitronix Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StSitronix Technology Corporation's (TPE:8016) 3.2% Dividend Yield Looks Pretty Interesting
2 weeks ago | Simply Wall StBullish: This Analyst Just Lifted Their Sitronix Technology Corporation (TPE:8016) Outlook For This Year
1 month ago | Simply Wall StSitronix Technology (TPE:8016) Has A Rock Solid Balance Sheet
Is Sitronix Technology 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: 8016 (NT$253.5) is trading below our estimate of fair value (NT$273.9)
Significantly Below Fair Value: 8016 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 8016 is good value based on its PE Ratio (22x) compared to the TW Semiconductor industry average (30.2x).
PE vs Market: 8016 is poor value based on its PE Ratio (22x) compared to the TW market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: 8016 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 8016 is overvalued based on its PB Ratio (4.6x) compared to the TW Semiconductor industry average (2.9x).
How is Sitronix Technology forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8016's forecast earnings growth (18.6% per year) is above the savings rate (0.8%).
Earnings vs Market: 8016's earnings (18.6% per year) are forecast to grow faster than the TW market (16.1% per year).
High Growth Earnings: 8016's earnings are forecast to grow, but not significantly.
Revenue vs Market: 8016's revenue (11.5% per year) is forecast to grow faster than the TW market (10.2% per year).
High Growth Revenue: 8016's revenue (11.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 8016's Return on Equity is forecast to be high in 3 years time (30.5%)
How has Sitronix Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8016 has high quality earnings.
Growing Profit Margin: 8016's current net profit margins (10%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: 8016's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: 8016's earnings growth over the past year (12.4%) exceeds its 5-year average (8% per year).
Earnings vs Industry: 8016 earnings growth over the past year (12.4%) underperformed the Semiconductor industry 27.5%.
Return on Equity
High ROE: 8016's Return on Equity (23.3%) is considered high.
How is Sitronix Technology's financial position?
Financial Position Analysis
Short Term Liabilities: 8016's short term assets (NT$11.5B) exceed its short term liabilities (NT$4.2B).
Long Term Liabilities: 8016's short term assets (NT$11.5B) exceed its long term liabilities (NT$341.5M).
Debt to Equity History and Analysis
Debt Level: 8016's debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 8016's debt to equity ratio has reduced from 7.8% to 2.9% over the past 5 years.
Debt Coverage: 8016's debt is well covered by operating cash flow (1135.8%).
Interest Coverage: 8016 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Sitronix Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8016's dividend (2.96%) is higher than the bottom 25% of dividend payers in the TW market (1.99%).
High Dividend: 8016's dividend (2.96%) is low compared to the top 25% of dividend payers in the TW market (4.8%).
Stability and Growth of Payments
Stable Dividend: 8016's dividends per share have been stable in the past 10 years.
Growing Dividend: 8016's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.1%), 8016's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 8016's dividends in 3 years are forecast to be covered by earnings (65% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Vincent Mao serves as Chairman since July 9, 1992 & Chief Executive Officer at Sitronix Technology Corporation and served as its President. His experience includes General Manager, Sitronix Technology ...
Experienced Board: 8016's board of directors are considered experienced (6.8 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.
Sitronix Technology Corporation's company bio, employee growth, exchange listings and data sources
- Name: Sitronix Technology Corporation
- Ticker: 8016
- Exchange: TSEC
- Founded: 1992
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$30.420b
- Shares outstanding: 120.00m
- Website: https://www.sitronix.com.tw
- Sitronix Technology Corporation
- No. 5, Taiyuan 1st Street
Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits (ICs) and memory for entry-level mobile phones, industrial displays, and automotive systems. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 08:36|
|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.