GTSM:3508

Stock Analysis Report

Ways Technical

Executive Summary

Ways Technical Corp., Ltd. engages in plastic surface decorating techniques business.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Ways Technical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3508's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.9%

3508

0.7%

TW Electronic

0.4%

TW Market


1 Year Return

-62.5%

3508

-17.3%

TW Electronic

-10.7%

TW Market

Return vs Industry: 3508 underperformed the TW Electronic industry which returned -17.2% over the past year.

Return vs Market: 3508 underperformed the TW Market which returned -10.3% over the past year.


Shareholder returns

3508IndustryMarket
7 Day5.9%0.7%0.4%
30 Day-35.1%-15.7%-13.8%
90 Day-50.6%-24.7%-20.2%
1 Year-62.5%-62.5%-13.5%-17.3%-6.6%-10.7%
3 Year-10.0%-10.0%-12.6%-22.5%7.9%-4.7%
5 Year-40.9%-40.9%3.6%-15.4%21.6%-0.3%

Price Volatility Vs. Market

How volatile is Ways Technical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ways Technical undervalued compared to its fair value and its price relative to the market?

1.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3508's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3508's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3508 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 3508 is unprofitable, so we can't compare its PE Ratio to the TW market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3508's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3508 is good value based on its PB Ratio (1x) compared to the TW Electronic industry average (1.1x).


Next Steps

Future Growth

How is Ways Technical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ways Technical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ways Technical performed over the past 5 years?

32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3508 is currently unprofitable.

Growing Profit Margin: 3508 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3508 is unprofitable, but has reduced losses over the past 5 years at a rate of 32.7% per year.

Accelerating Growth: Unable to compare 3508's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3508 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3%).


Return on Equity

High ROE: 3508 has a negative Return on Equity (-26.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ways Technical's financial position?


Financial Position Analysis

Short Term Liabilities: 3508's short term assets (NT$1.4B) do not cover its short term liabilities (NT$1.4B).

Long Term Liabilities: 3508's short term assets (NT$1.4B) exceed its long term liabilities (NT$138.8M).


Debt to Equity History and Analysis

Debt Level: 3508's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: 3508's debt to equity ratio has reduced from 7.4% to 3.5% over the past 5 years.


Balance Sheet

Inventory Level: 3508 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3508's debt is covered by short term assets (assets are 29.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 3508 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 3508 has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 17.7% each year.


Next Steps

Dividend

What is Ways Technical's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3508's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3508's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3508's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3508's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3508 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3508'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?


CEO

Ways Technical has no CEO, or we have no data on them.


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%.


Top Shareholders

Company Information

Ways Technical Corp., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ways Technical Corp., Ltd.
  • Ticker: 3508
  • Exchange: GTSM
  • Founded: 2001
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: NT$1.458b
  • Shares outstanding: 101.24m
  • Website: https://www.waystech.net

Location

  • Ways Technical Corp., Ltd.
  • No. 123-11 Minsheng Road
  • Taoyuan County
  • Dayuan
  • 337
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3508GTSM (Taipei Exchange)YesCommon StockTWTWDJul 2006

Biography

Ways Technical Corp., Ltd. engages in plastic surface decorating techniques business. The company was founded in 2001 and is based in Dayuan, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 15:32
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.