6706 Stock Overview
Fittech Co.,Ltd provides automatic equipment and system integration services for the optoelectronic, semiconductor, and laser industries.
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$118.00|
|52 Week High||NT$259.00|
|52 Week Low||NT$106.50|
|1 Month Change||-3.28%|
|3 Month Change||-23.38%|
|1 Year Change||-28.49%|
|3 Year Change||82.95%|
|5 Year Change||n/a|
|Change since IPO||108.85%|
Recent News & Updates
|6706||TW Semiconductor||TW Market|
Return vs Industry: 6706 underperformed the TW Semiconductor industry which returned -15.2% over the past year.
Return vs Market: 6706 underperformed the TW Market which returned -8.2% over the past year.
|6706 Average Weekly Movement||6.7%|
|Semiconductor Industry Average Movement||6.5%|
|Market Average Movement||5.0%|
|10% most volatile stocks in TW Market||8.4%|
|10% least volatile stocks in TW Market||2.5%|
Stable Share Price: 6706 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 6706's weekly volatility (7%) has been stable over the past year.
About the Company
Fittech Co.,Ltd provides automatic equipment and system integration services for the optoelectronic, semiconductor, and laser industries. The company offers LED probing and testing equipment, including LED chip and wafer probing and testing systems; auto LED wafer prober systems; auto flip-chip probers; auto LED chip probers and tester; high accuracy automatic chip counters; and automatic detaching tape systems. It also provides LD probing and testing equipment, such as VCSEL(PD) probing and testing systems, and edge emitting laser probing and sorting systems; and laser micromachining equipment comprising automatic dual-arm laser wafer and laser wafer marking systems, fully-auto laser marking (inking) systems, and semi-auto PCB laser drilling systems, as well as semi-auto laser cutting, drilling, and scribing systems.
FittechLtd Fundamentals Summary
|6706 fundamental statistics|
Is 6706 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6706 income statement (TTM)|
|Cost of Revenue||NT$3.98b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||18.17|
|Net Profit Margin||20.75%|
How did 6706 perform over the long term?See historical performance and comparison
8.5%Current Dividend Yield
Is 6706 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
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 6706?
Other financial metrics that can be useful for relative valuation.
|What is 6706's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6706's PE Ratio compare to its peers?
|6706 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
5285 Jih Lin Technology
3587 Materials Analysis Technology
8027 E&R Engineering
Price-To-Earnings vs Peers: 6706 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (14.6x).
Price to Earnings Ratio vs Industry
How does 6706's PE Ratio compare vs other companies in the TW Semiconductor Industry?
Price-To-Earnings vs Industry: 6706 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the TW Semiconductor industry average (12.6x)
Price to Earnings Ratio vs Fair Ratio
What is 6706'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||6.5x|
|Fair PE Ratio||10.9x|
Price-To-Earnings vs Fair Ratio: 6706 is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).
Share Price vs Fair Value
What is the Fair Price of 6706 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6706 (NT$118) is trading above our estimate of fair value (NT$92.8)
Significantly Below Fair Value: 6706 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
How is FittechLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
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: 6706's forecast earnings growth (0.4% per year) is below the savings rate (0.7%).
Earnings vs Market: 6706's earnings (0.4% per year) are forecast to grow slower than the TW market (6% per year).
High Growth Earnings: 6706's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6706's revenue (9.5% per year) is forecast to grow faster than the TW market (7.2% per year).
High Growth Revenue: 6706's revenue (9.5% 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 6706's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has FittechLtd performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6706 has a high level of non-cash earnings.
Growing Profit Margin: 6706's current net profit margins (20.7%) are higher than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: 6706's earnings have grown significantly by 36.8% per year over the past 5 years.
Accelerating Growth: 6706's earnings growth over the past year (127.7%) exceeds its 5-year average (36.8% per year).
Earnings vs Industry: 6706 earnings growth over the past year (127.7%) exceeded the Semiconductor industry 53.8%.
Return on Equity
High ROE: 6706's Return on Equity (33.1%) is considered high.
Discover strong past performing companies
How is FittechLtd's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6706's short term assets (NT$5.5B) exceed its short term liabilities (NT$3.0B).
Long Term Liabilities: 6706's short term assets (NT$5.5B) exceed its long term liabilities (NT$400.0M).
Debt to Equity History and Analysis
Debt Level: 6706 has more cash than its total debt.
Reducing Debt: 6706's debt to equity ratio has increased from 8.7% to 8.9% over the past 5 years.
Debt Coverage: 6706's debt is well covered by operating cash flow (222.1%).
Interest Coverage: 6706 earns more interest than it pays, so coverage of interest payments is not a concern.
Discover healthy companies
What is FittechLtd current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6706's dividend (8.47%) is higher than the bottom 25% of dividend payers in the TW market (2.46%).
High Dividend: 6706's dividend (8.47%) is in the top 25% of dividend payers in the TW market (6.46%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 6706 has been paying a dividend for less than 10 years.
Growing Dividend: 6706's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.6%), 6706's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (105.1%), 6706's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Experienced Board: 6706's board of directors are considered experienced (4.2 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.
Fittech Co.,Ltd's employee growth, exchange listings and data sources
- Name: Fittech Co.,Ltd
- Ticker: 6706
- Exchange: TWSE
- Founded: NaN
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: NT$8.677b
- Shares outstanding: 73.54m
- Website: https://www.fittech.com.tw
Number of Employees
- Fittech Co.,Ltd
- No. 3, Taichung Industrial Park
- Gongyequ 35th Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 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.