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2449

King Yuan ElectronicsTWSE:2449 Stock Report

Last Price

NT$46.10

Market Cap

NT$56.4b

7D

3.8%

1Y

11.9%

Updated

22 Jan, 2022

Data

Company Financials +
2449 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends0/6

2449 Stock Overview

King Yuan Electronics Co., Ltd. engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits worldwide.

King Yuan Electronics Competitors

ASE Technology Holding

TWSE:3711

NT$434.0b

Powertech Technology

TWSE:6239

NT$74.5b

Chipbond Technology

TPEX:6147

NT$51.0b

Greatek Electronics

TWSE:2441

NT$42.4b

Price History & Performance

Summary of all time highs, changes and price drops for King Yuan Electronics
Historical stock prices
Current Share PriceNT$46.10
52 Week HighNT$52.00
52 Week LowNT$36.10
Beta0.65
1 Month Change5.86%
3 Month Change18.05%
1 Year Change11.89%
3 Year Change97.01%
5 Year Change70.74%
Change since IPO43.52%

Recent News & Updates

Shareholder Returns

2449TW SemiconductorTW Market
7D3.8%-3.3%-2.6%
1Y11.9%4.3%13.0%

Return vs Industry: 2449 exceeded the TW Semiconductor industry which returned 4.3% over the past year.

Return vs Market: 2449 underperformed the TW Market which returned 13% over the past year.

Price Volatility

Is 2449's price volatile compared to industry and market?
2449 volatility
2449 Average Weekly Movement3.0%
Semiconductor Industry Average Movement5.8%
Market Average Movement4.3%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.7%

Stable Share Price: 2449 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2449's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aChin-Kung Leehttps://www.kyec.com.tw

King Yuan Electronics Co., Ltd. engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits worldwide. It offers memory IC test solutions for memory applications, such as flash memory, mask-ROM, EPROM, EEPROM, DRAM, SDRAM, RDRAM, DDRI and DDRII, SRAM, pseudo SRAM, and memory embedded ICs; and consumer electronics testing solutions, including games, digital audio, digital TV, set-top box, and others. The company also provides logic and mixed-signal IC test solutions for audio/video, ODD IC's, chipset, xDSL, MB/GB Ethernet, MAC, PHY, BB, MCU, AC/DC converter, embedded controllers, LVDS, USB, firewire, etc.; and liquid crystal display (LCD) driver test solutions for use in high pixel count LCD panels comprising super extended graphics array and ultra-extended graphics array.

King Yuan Electronics Fundamentals Summary

How do King Yuan Electronics's earnings and revenue compare to its market cap?
2449 fundamental statistics
Market CapNT$56.37b
Earnings (TTM)NT$4.23b
Revenue (TTM)NT$31.16b

13.3x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2449 income statement (TTM)
RevenueNT$31.16b
Cost of RevenueNT$22.35b
Gross ProfitNT$8.81b
ExpensesNT$4.59b
EarningsNT$4.23b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.46
Gross Margin28.28%
Net Profit Margin13.56%
Debt/Equity Ratio86.0%

How did 2449 perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2449 (NT$46.1) is trading below our estimate of fair value (NT$183.39)

Significantly Below Fair Value: 2449 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2449 is good value based on its PE Ratio (13.3x) compared to the TW Semiconductor industry average (20.2x).

PE vs Market: 2449 is good value based on its PE Ratio (13.3x) compared to the TW market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: 2449 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 2449 is good value based on its PB Ratio (1.8x) compared to the TW Semiconductor industry average (2.9x).


Future Growth

How is King Yuan Electronics forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2449's forecast earnings growth (15.2% per year) is above the savings rate (0.8%).

Earnings vs Market: 2449's earnings (15.2% per year) are forecast to grow faster than the TW market (9.7% per year).

High Growth Earnings: 2449's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2449's revenue (8.5% per year) is forecast to grow slower than the TW market (10.1% per year).

High Growth Revenue: 2449's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2449's Return on Equity is forecast to be low in 3 years time (17.1%).


Past Performance

How has King Yuan Electronics performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2449 has high quality earnings.

Growing Profit Margin: 2449's current net profit margins (13.6%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: 2449's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: 2449's earnings growth over the past year (6.9%) is below its 5-year average (11.7% per year).

Earnings vs Industry: 2449 earnings growth over the past year (6.9%) underperformed the Semiconductor industry 65.9%.


Return on Equity

High ROE: 2449's Return on Equity (13%) is considered low.


Financial Health

How is King Yuan Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 2449's short term assets (NT$18.6B) exceed its short term liabilities (NT$9.9B).

Long Term Liabilities: 2449's short term assets (NT$18.6B) do not cover its long term liabilities (NT$27.9B).


Debt to Equity History and Analysis

Debt Level: 2449's net debt to equity ratio (60%) is considered high.

Reducing Debt: 2449's debt to equity ratio has increased from 70.6% to 86% over the past 5 years.

Debt Coverage: 2449's debt is well covered by operating cash flow (45.2%).

Interest Coverage: 2449's interest payments on its debt are well covered by EBIT (22x coverage).


Balance Sheet


Dividend

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

6.37%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2449's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2449'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 2449's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2449's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2449 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2449'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?

6.0yrs

Average management tenure


CEO

Chin-Kung Lee (65 yo)

no data

Tenure

Mr. Chin-Kung Lee is the Founder of King Yuan ELECTRONICS CO., LTD. and serves as its Chief Executive Officer. Mr. Lee served as the President of King Yuan Electronics from 1991 to 1998 and served as its G...


Leadership Team

Experienced Management: 2449's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: 2449's board of directors are considered experienced (7.6 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

King Yuan Electronics Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: King Yuan Electronics Co., Ltd.
  • Ticker: 2449
  • Exchange: TWSE
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$56.369b
  • Shares outstanding: 1.22b
  • Website: https://www.kyec.com.tw

Location

  • King Yuan Electronics Co., Ltd.
  • No. 81, Gongdaowu Road
  • Section 2
  • Hsinchu City
  • 300
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 08:32
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
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.