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6239

Powertech TechnologyTWSE:6239 Stock Report

Market Cap

NT$74.5b

7D

-0.4%

1Y

-3.7%

Updated

06 Dec, 2021

Data

Company Financials +
6239 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends5/6

6239 Stock Overview

Powertech Technology Inc., together with its subsidiaries, researches, designs, develops, assembles, manufactures, packages, tests, and sells various integrated circuit (IC) products primarily in Taiwan.

Powertech Technology Competitors

ASE Technology Holding

TWSE:3711

NT$453.7b

King Yuan Electronics

TWSE:2449

NT$55.0b

Chipbond Technology

TPEX:6147

NT$49.9b

ChipMOS TECHNOLOGIES

TWSE:8150

NT$34.4b

Price History & Performance

Summary of all time highs, changes and price drops for Powertech Technology
Historical stock prices
Current Share PriceNT$96.80
52 Week HighNT$117.00
52 Week LowNT$92.00
Beta0.77
1 Month Change0.10%
3 Month Change-12.00%
1 Year Change-3.68%
3 Year Change38.09%
5 Year Change8.76%
Change since IPO1,473.92%

Recent News & Updates

Apr 12
At NT$112, Is It Time To Put Powertech Technology Inc. (TPE:6239) On Your Watch List?

At NT$112, Is It Time To Put Powertech Technology Inc. (TPE:6239) On Your Watch List?

Powertech Technology Inc. ( TPE:6239 ), is not the largest company out there, but it saw a decent share price growth in...

Shareholder Returns

6239TW SemiconductorTW Market
7D-0.4%2.2%2.1%
1Y-3.7%26.2%24.9%

Return vs Industry: 6239 underperformed the TW Semiconductor industry which returned 29.5% over the past year.

Return vs Market: 6239 underperformed the TW Market which returned 25.8% over the past year.

Price Volatility

Is 6239's price volatile compared to industry and market?
6239 volatility
6239 Average Weekly Movement3.5%
Semiconductor Industry Average Movement6.6%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.9%

Stable Share Price: 6239 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 6239's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aBoris Hsiehhttps://www.pti.com.tw

Powertech Technology Inc., together with its subsidiaries, researches, designs, develops, assembles, manufactures, packages, tests, and sells various integrated circuit (IC) products primarily in Taiwan. The company offers packaging and testing services, such as high pin-count thin small outline package, multi-chip packaging (MCP, S-MCP), ball grid array (wBGA, FBGA) IC, solid state drive(SSD) embedded memory (eMMC, eMCP, UFS), DRAM chip-stacking, mobile memory, Package on Package/Package in Package, CMOS image sensor, and fan-out panel level, as well as secured digital memory Card (SD, microSD) USB. It also provides Quad Flat No-leads, wafer bumping, System-in-Package, wafer level chip scale package, flip-chip, copper pillar bump flip chip, electro-magnetic interference shield package, and module and system packaging services; and wafer testing and redistribution layer services.

Powertech Technology Fundamentals Summary

How do Powertech Technology's earnings and revenue compare to its market cap?
6239 fundamental statistics
Market CapNT$74.45b
Earnings (TTM)NT$8.06b
Revenue (TTM)NT$80.39b

9.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6239 income statement (TTM)
RevenueNT$80.39b
Cost of RevenueNT$62.49b
Gross ProfitNT$17.90b
ExpensesNT$9.84b
EarningsNT$8.06b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)10.48
Gross Margin22.27%
Net Profit Margin10.03%
Debt/Equity Ratio51.0%

How did 6239 perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

48%

Payout Ratio

Valuation

Is Powertech Technology 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: 6239 (NT$96.8) is trading below our estimate of fair value (NT$216.8)

Significantly Below Fair Value: 6239 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6239 is good value based on its PE Ratio (9.2x) compared to the TW Semiconductor industry average (21.3x).

PE vs Market: 6239 is good value based on its PE Ratio (9.2x) compared to the TW market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: 6239 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 6239 is good value based on its PB Ratio (1.5x) compared to the TW Semiconductor industry average (3.1x).


Future Growth

How is Powertech Technology forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6239's forecast earnings growth (9.5% per year) is above the savings rate (0.8%).

Earnings vs Market: 6239's earnings (9.5% per year) are forecast to grow faster than the TW market (9.3% per year).

High Growth Earnings: 6239's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6239's revenue (8% per year) is forecast to grow slower than the TW market (9.7% per year).

High Growth Revenue: 6239's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6239's Return on Equity is forecast to be low in 3 years time (18.2%).


Past Performance

How has Powertech Technology performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6239 has high quality earnings.

Growing Profit Margin: 6239's current net profit margins (10%) are higher than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: 6239's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: 6239's earnings growth over the past year (13.8%) exceeds its 5-year average (7.7% per year).

Earnings vs Industry: 6239 earnings growth over the past year (13.8%) underperformed the Semiconductor industry 66.2%.


Return on Equity

High ROE: 6239's Return on Equity (17.2%) is considered low.


Financial Health

How is Powertech Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6239's short term assets (NT$49.2B) exceed its short term liabilities (NT$19.5B).

Long Term Liabilities: 6239's short term assets (NT$49.2B) exceed its long term liabilities (NT$32.8B).


Debt to Equity History and Analysis

Debt Level: 6239's net debt to equity ratio (15.7%) is considered satisfactory.

Reducing Debt: 6239's debt to equity ratio has increased from 44.2% to 51% over the past 5 years.

Debt Coverage: 6239's debt is well covered by operating cash flow (76.7%).

Interest Coverage: 6239's interest payments on its debt are well covered by EBIT (74.4x coverage).


Balance Sheet


Dividend

What is Powertech Technology current dividend yield, its reliability and sustainability?

5.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6239's dividend (5.17%) is higher than the bottom 25% of dividend payers in the TW market (1.83%).

High Dividend: 6239's dividend (5.17%) is in the top 25% of dividend payers in the TW market (5.12%)


Stability and Growth of Payments

Stable Dividend: 6239's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6239's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.9%), 6239's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6239's dividends in 3 years are forecast to be covered by earnings (55.7% payout ratio).


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Boris Hsieh

1.17yrs

Tenure

Mr. Boris Hsieh is the Chief Executive Officer of Powertech Technology Inc since October 1, 2020. He has been Representative Director of Greatek Electronics Inc. since April 3, 2012. He is Chief Executive...


Leadership Team

Experienced Management: 6239's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: 6239's board of directors are considered experienced (4.6 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

Powertech Technology Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Powertech Technology Inc.
  • Ticker: 6239
  • Exchange: TWSE
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$74.453b
  • Shares outstanding: 769.15m
  • Website: https://www.pti.com.tw

Number of Employees


Location

  • Powertech Technology Inc.
  • Hsinchu Industrial Park
  • 10 Datong Road
  • Hsinchu City
  • 30352
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/06 15:42
End of Day Share Price2021/12/06 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.