8016

Sitronix TechnologyTWSE:8016 Stock Report

Market Cap

NT$31.2b

7D

-2.7%

1Y

96.9%

Updated

23 Sep, 2021

Data

Company Financials +
8016 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance6/6
Financial Health5/6
Dividends5/6

8016 Overview

Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits (ICs) and memory for entry-level mobile phones, industrial displays, and automotive systems.

Sitronix Technology Competitors

MediaTek

TWSE:2454

NT$1.4t

Novatek Microelectronics

TWSE:3034

NT$256.8b

Fitipower Integrated Technology

TWSE:4961

NT$37.3b

FocalTech Systems

TWSE:3545

NT$34.7b

Price History & Performance

Summary of all time highs, changes and price drops for Sitronix Technology
Historical stock prices
Current Share PriceNT$255.00
52 Week HighNT$122.00
52 Week LowNT$416.50
Beta0.43
1 Month Change-18.79%
3 Month Change-10.53%
1 Year Change96.91%
3 Year Change201.06%
5 Year Change145.19%
Change since IPO491.89%

Recent News & Updates

Shareholder Returns

8016TW SemiconductorTW Market
7D-2.7%-3.0%-2.3%
1Y96.9%44.2%34.0%

Return vs Industry: 8016 exceeded the TW Semiconductor industry which returned 44.2% over the past year.

Return vs Market: 8016 exceeded the TW Market which returned 34% over the past year.

Price Volatility

Is 8016's price volatile compared to industry and market?
8016 volatility
8016 Beta0.43
Industry Beta1
Market Beta1

Stable Share Price: 8016 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 8016's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1992n/aVincent Maohttps://www.sitronix.com.tw

Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits (ICs) and memory for entry-level mobile phones, industrial displays, and automotive systems. The company offers mobile display driver ICs, industrial display driver ICs, automotive display driver ICs, projected capacitive touch controller ICs, and medium-size TFT-LCD driver ICs, as well as alternator regulators. Sitronix Technology Corporation was incorporated in 1992 and is headquartered in Zhubei City, Taiwan.

Sitronix Technology Fundamentals Summary

How do Sitronix Technology's earnings and revenue compare to its market cap?
8016 fundamental statistics
Market CapNT$31.18b
Earnings (TTM)NT$3.15b
Revenue (TTM)NT$17.60b

9.7x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8016 income statement (TTM)
RevenueNT$17.60b
Cost of RevenueNT$9.70b
Gross ProfitNT$7.90b
ExpensesNT$4.75b
EarningsNT$3.15b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)26.21
Gross Margin44.90%
Net Profit Margin17.89%
Debt/Equity Ratio4.0%

How did 8016 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Sitronix 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: 8016 (NT$255) is trading below our estimate of fair value (NT$976.4)

Significantly Below Fair Value: 8016 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8016 is good value based on its PE Ratio (9.7x) compared to the TW Semiconductor industry average (19.9x).

PE vs Market: 8016 is good value based on its PE Ratio (9.7x) compared to the TW market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: 8016 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 8016 is overvalued based on its PB Ratio (3.8x) compared to the TW Semiconductor industry average (2.8x).


Future Growth

How is Sitronix Technology forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8016's forecast earnings growth (15.2% per year) is above the savings rate (0.8%).

Earnings vs Market: 8016's earnings (15.2% per year) are forecast to grow faster than the TW market (8.6% per year).

High Growth Earnings: 8016's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8016's revenue (10.3% per year) is forecast to grow faster than the TW market (9.5% per year).

High Growth Revenue: 8016's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8016's Return on Equity is forecast to be very high in 3 years time (50.1%).


Past Performance

How has Sitronix Technology performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8016 has high quality earnings.

Growing Profit Margin: 8016's current net profit margins (17.9%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: 8016's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: 8016's earnings growth over the past year (146.8%) exceeds its 5-year average (18.2% per year).

Earnings vs Industry: 8016 earnings growth over the past year (146.8%) exceeded the Semiconductor industry 57.2%.


Return on Equity

High ROE: 8016's Return on Equity (37.7%) is considered high.


Financial Health

How is Sitronix Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 8016's short term assets (NT$14.6B) exceed its short term liabilities (NT$6.8B).

Long Term Liabilities: 8016's short term assets (NT$14.6B) exceed its long term liabilities (NT$435.4M).


Debt to Equity History and Analysis

Debt Level: 8016's debt to equity ratio (4%) is considered satisfactory.

Reducing Debt: 8016's debt to equity ratio has increased from 0.6% to 4% over the past 5 years.

Debt Coverage: 8016's debt is well covered by operating cash flow (1489.7%).

Interest Coverage: 8016 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8016's dividend (2.94%) is higher than the bottom 25% of dividend payers in the TW market (1.96%).

High Dividend: 8016's dividend (2.94%) is low compared to the top 25% of dividend payers in the TW market (5.31%).


Stability and Growth of Payments

Stable Dividend: 8016's dividends per share have been stable in the past 10 years.

Growing Dividend: 8016's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.6%), 8016's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 8016's dividends in 3 years are forecast to be covered by earnings (64.6% payout ratio).


Next Steps

Management

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

17.4yrs

Average management tenure


CEO

Vincent Mao

18.42yrs

Tenure

Mr. Vincent Mao serves as Chairman since July 9, 1992 & Chief Executive Officer Since April 28, 2003 at Sitronix Technology Corporation and served as its President. His experience includes General Manager,...


Leadership Team

Experienced Management: 8016's management team is seasoned and experienced (17.4 years average tenure).


Board Members

Experienced Board: 8016's board of directors are seasoned and experienced ( 16.4 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

Sitronix Technology Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Sitronix Technology Corporation
  • Ticker: 8016
  • Exchange: TWSE
  • Founded: 1992
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: NT$31.178b
  • Shares outstanding: 119.92m
  • Website: https://www.sitronix.com.tw

Location

  • Sitronix Technology Corporation
  • No. 5, Taiyuan 1st Street
  • 11F-1
  • Zhubei
  • 302
  • 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 08:33
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.