2393 Stock Overview
Everlight Electronics Co., Ltd. manufactures and markets optoelectronics components in Taiwan and internationally.
Everlight Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$41.25|
|52 Week High||NT$68.90|
|52 Week Low||NT$40.85|
|1 Month Change||-8.03%|
|3 Month Change||-14.77%|
|1 Year Change||-19.12%|
|3 Year Change||40.31%|
|5 Year Change||-15.73%|
|Change since IPO||130.53%|
Recent News & Updates
|2393||TW Semiconductor||TW Market|
Return vs Industry: 2393 matched the TW Semiconductor industry which returned -20% over the past year.
Return vs Market: 2393 underperformed the TW Market which returned -13.8% over the past year.
|2393 Average Weekly Movement||3.8%|
|Semiconductor Industry Average Movement||5.8%|
|Market Average Movement||4.7%|
|10% most volatile stocks in TW Market||8.2%|
|10% least volatile stocks in TW Market||2.3%|
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.
About the Company
Everlight Electronics Co., Ltd. manufactures and markets optoelectronics components in Taiwan and internationally. It offers visible LEDs, such as lighting, horticulture lighting, UV, flash, automotive, lamp, SMD, digital displays, backlight, and signage LEDs; and infrared LEDs comprising infrared LED and silicon detectors, infrared receiver modules, optic fiber devices, and optical switches. The company also provides sensors, such as ambient light, proximity, and color sensors; and photo couplers, including photo transistors and darlington, schmitt triggers, high speed products, triac drivers, solid state relays, and IGBT gate drivers.
Everlight Electronics Fundamentals Summary
|2393 fundamental statistics|
Is 2393 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2393 income statement (TTM)|
|Cost of Revenue||NT$17.96b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||4.39|
|Net Profit Margin||7.89%|
How did 2393 perform over the long term?See historical performance and comparison
8.5%Current Dividend Yield
Is 2393 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2393?
Other financial metrics that can be useful for relative valuation.
|What is 2393's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2393's PE Ratio compare to its peers?
|2393 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
8131 Formosa Advanced Technologies
2340 Taiwan-Asia Semiconductor
5425 Taiwan Semiconductor
2393 Everlight Electronics
Price-To-Earnings vs Peers: 2393 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (15.3x).
Price to Earnings Ratio vs Industry
How does 2393's PE Ratio compare vs other companies in the TW Semiconductor Industry?
Price-To-Earnings vs Industry: 2393 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the TW Semiconductor industry average (13.3x)
Price to Earnings Ratio vs Fair Ratio
What is 2393's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.4x|
|Fair PE Ratio||13.1x|
Price-To-Earnings vs Fair Ratio: 2393 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).
Share Price vs Fair Value
What is the Fair Price of 2393 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2393 (NT$41.25) is trading below our estimate of fair value (NT$106.04)
Significantly Below Fair Value: 2393 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 2393 is poor value based on its PEG Ratio (1.1x)
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How is Everlight Electronics forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2393's forecast earnings growth (8.3% per year) is above the savings rate (0.7%).
Earnings vs Market: 2393's earnings (8.3% per year) are forecast to grow faster than the TW market (7.4% per year).
High Growth Earnings: 2393's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2393's revenue (7.1% per year) is forecast to grow slower than the TW market (7.7% per year).
High Growth Revenue: 2393's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2393's Return on Equity is forecast to be high in 3 years time
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How has Everlight Electronics performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2393 has high quality earnings.
Growing Profit Margin: 2393's current net profit margins (7.9%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: 2393's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: 2393's earnings growth over the past year (19.1%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: 2393 earnings growth over the past year (19.1%) underperformed the Semiconductor industry 67%.
Return on Equity
High ROE: 2393's Return on Equity (10.2%) is considered low.
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How is Everlight Electronics's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2393's short term assets (NT$20.6B) exceed its short term liabilities (NT$10.7B).
Long Term Liabilities: 2393's short term assets (NT$20.6B) exceed its long term liabilities (NT$762.8M).
Debt to Equity History and Analysis
Debt Level: 2393 has more cash than its total debt.
Reducing Debt: 2393's debt to equity ratio has reduced from 52.8% to 14.6% over the past 5 years.
Debt Coverage: 2393's debt is well covered by operating cash flow (140.5%).
Interest Coverage: 2393 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Everlight Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2393's dividend (8.48%) is higher than the bottom 25% of dividend payers in the TW market (2.57%).
High Dividend: 2393's dividend (8.48%) is in the top 25% of dividend payers in the TW market (6.35%)
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.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.8%), 2393's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (54.5%), 2393's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Yeh (70 yo)
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, and has also been its Director since June 198...
Experienced Management: 2393's management team is seasoned and experienced (11.8 years average tenure).
Experienced Board: 2393's board of directors are considered experienced (7 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 employee growth, exchange listings and data sources
- Name: Everlight Electronics Co., Ltd.
- Ticker: 2393
- Exchange: TWSE
- Founded: 1983
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: NT$18.733b
- Shares outstanding: 443.39m
- Website: https://www.everlight.com
- Everlight Electronics Co., Ltd.
- No. 6-8, Zhonghua Road
- Shu-Ling District
- New Taipei City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 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.