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3545

FocalTech SystemsTWSE:3545 Stock Report

Market Cap

NT$34.9b

7D

-5.0%

1Y

269.0%

Updated

23 Sep, 2021

Data

Company Financials +
3545 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance6/6
Financial Health5/6
Dividends2/6

3545 Overview

FocalTech Systems Co., Ltd. provides LCD display driver solutions worldwide.

FocalTech Systems Competitors

Novatek Microelectronics

TWSE:3034

NT$259.5b

Fitipower Integrated Technology

TWSE:4961

NT$37.5b

Sitronix Technology

TWSE:8016

NT$30.6b

Raydium Semiconductor

TPEX:3592

NT$23.7b

Price History & Performance

Summary of all time highs, changes and price drops for FocalTech Systems
Historical stock prices
Current Share PriceNT$161.00
52 Week HighNT$42.92
52 Week LowNT$298.00
Beta0.37
1 Month Change-16.80%
3 Month Change-26.82%
1 Year Change268.96%
3 Year Change342.90%
5 Year Change198.99%
Change since IPO106.89%

Recent News & Updates

Shareholder Returns

3545TW SemiconductorTW Market
7D-5.0%-3.0%-2.3%
1Y269.0%44.2%34.0%

Return vs Industry: 3545 exceeded the TW Semiconductor industry which returned 44.2% over the past year.

Return vs Market: 3545 exceeded the TW Market which returned 34% over the past year.

Price Volatility

Is 3545's price volatile compared to industry and market?
3545 volatility
3545 Beta0.37
Industry Beta1
Market Beta1

Stable Share Price: 3545 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 3545's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
2005n/aJames Huhttps://www.focaltech-systems.com

FocalTech Systems Co., Ltd. provides LCD display driver solutions worldwide. The company offers IDC, fingerprint identification, display driver, and touch chips. It also provides human-machine interface solutions, including 2D/3D touch controller, super in- cell IDC, fingerprint sensor, and display driver for smart electronic devices.

FocalTech Systems Fundamentals Summary

How do FocalTech Systems's earnings and revenue compare to its market cap?
3545 fundamental statistics
Market CapNT$34.85b
Earnings (TTM)NT$3.79b
Revenue (TTM)NT$18.25b

9.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3545 income statement (TTM)
RevenueNT$18.25b
Cost of RevenueNT$11.53b
Gross ProfitNT$6.71b
ExpensesNT$2.92b
EarningsNT$3.79b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.73
Gross Margin36.79%
Net Profit Margin20.78%
Debt/Equity Ratio7.0%

How did 3545 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is FocalTech Systems 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: 3545 (NT$161) is trading below our estimate of fair value (NT$334.06)

Significantly Below Fair Value: 3545 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3545 is good value based on its PE Ratio (9.2x) compared to the TW Semiconductor industry average (19.9x).

PE vs Market: 3545 is good value based on its PE Ratio (9.2x) compared to the TW market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: 3545 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 3545 is overvalued based on its PB Ratio (3.2x) compared to the TW Semiconductor industry average (2.8x).


Future Growth

How is FocalTech Systems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3545's forecast earnings growth (11.2% per year) is above the savings rate (0.8%).

Earnings vs Market: 3545's earnings (11.2% per year) are forecast to grow faster than the TW market (8.6% per year).

High Growth Earnings: 3545's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3545's revenue (9.9% per year) is forecast to grow faster than the TW market (9.5% per year).

High Growth Revenue: 3545's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3545's Return on Equity is forecast to be very high in 3 years time (72.2%).


Past Performance

How has FocalTech Systems performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3545 has high quality earnings.

Growing Profit Margin: 3545's current net profit margins (20.8%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 3545's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: 3545's earnings growth over the past year (1125.5%) exceeds its 5-year average (22.1% per year).

Earnings vs Industry: 3545 earnings growth over the past year (1125.5%) exceeded the Semiconductor industry 57.2%.


Return on Equity

High ROE: 3545's Return on Equity (34.4%) is considered high.


Financial Health

How is FocalTech Systems's financial position?


Financial Position Analysis

Short Term Liabilities: 3545's short term assets (NT$12.3B) exceed its short term liabilities (NT$4.8B).

Long Term Liabilities: 3545's short term assets (NT$12.3B) exceed its long term liabilities (NT$703.4M).


Debt to Equity History and Analysis

Debt Level: 3545's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: 3545's debt to equity ratio has increased from 3.2% to 7% over the past 5 years.

Debt Coverage: 3545's debt is well covered by operating cash flow (494.9%).

Interest Coverage: 3545 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is FocalTech Systems's current dividend yield, its reliability and sustainability?

2.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3545's dividend (2.01%) is higher than the bottom 25% of dividend payers in the TW market (1.96%).

High Dividend: 3545's dividend (2.01%) is low compared to the top 25% of dividend payers in the TW market (5.31%).


Stability and Growth of Payments

Stable Dividend: 3545 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3545's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22%), 3545's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3545's dividends in 3 years are not forecast to be well covered by earnings (98.7% payout ratio).


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

James Hu

no data

Tenure

Dr. Genda Hu, also known as James, serves as Chairman of the Board at FocalTech Systems Co.,Ltd. Dr. Hu serves as General Manager at FocalTech Systems Co., Ltd. since December 2019.Dr. Hu serves as Chief...


Leadership Team

Experienced Management: 3545's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 3545's board of directors are considered experienced (3.8 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 been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

FocalTech Systems Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: FocalTech Systems Co., Ltd.
  • Ticker: 3545
  • Exchange: TWSE
  • Founded: 2005
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$34.855b
  • Shares outstanding: 216.49m
  • Website: https://www.focaltech-systems.com

Location

  • FocalTech Systems Co., Ltd.
  • No. 6, Dusing First Road
  • 4th Floor
  • Hsinchu City
  • 30078
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:03
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.