GTSM:6203

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Sea Sonic Electronics

Executive Summary

Sea Sonic Electronics Co., Ltd. researches, develops, produces, and sells power conversion products primarily in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Sea Sonic Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6203 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6203's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

6203

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

97.4%

6203

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 6203 exceeded the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 6203 exceeded the TW Market which returned 28.6% over the past year.


Shareholder returns

6203IndustryMarket
7 Day-1.7%-1.6%-0.2%
30 Day1.9%9.1%8.8%
90 Day9.1%21.8%20.6%
1 Year104.8%97.4%20.2%16.1%33.1%28.6%
3 Year189.0%150.6%31.4%15.8%55.3%37.8%
5 Year229.9%151.8%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

How volatile is Sea Sonic Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sea Sonic Electronics 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: 6203 (NT$76.8) is trading below our estimate of fair value (NT$629.66)

Significantly Below Fair Value: 6203 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6203 is good value based on its PE Ratio (12.7x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 6203 is good value based on its PE Ratio (12.7x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6203's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6203 is overvalued based on its PB Ratio (3.1x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is Sea Sonic Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.0%

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 Sea Sonic Electronics 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 Sea Sonic Electronics performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6203 has high quality earnings.

Growing Profit Margin: 6203's current net profit margins (15.3%) are higher than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: 6203's earnings have grown by 18.6% per year over the past 5 years.

Accelerating Growth: 6203's earnings growth over the past year (66.5%) exceeds its 5-year average (18.6% per year).

Earnings vs Industry: 6203 earnings growth over the past year (66.5%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 6203's Return on Equity (24.7%) is considered high.


Next Steps

Financial Health

How is Sea Sonic Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 6203's short term assets (NT$3.1B) exceed its short term liabilities (NT$1.5B).

Long Term Liabilities: 6203's short term assets (NT$3.1B) exceed its long term liabilities (NT$127.5M).


Debt to Equity History and Analysis

Debt Level: 6203 is debt free.

Reducing Debt: 6203 had no debt 5 years ago.

Debt Coverage: 6203 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6203 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sea Sonic Electronics's current dividend yield, its reliability and sustainability?

3.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6203's dividend (3.26%) is higher than the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 6203's dividend (3.26%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 6203 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6203's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.3%), 6203's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

18.5yrs

Average management tenure


CEO

Sea Sonic Electronics has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Rong Chen
Manager of Financial Department18.5yrsno datano data
Jin Wei
Deputy General Manager and Director14.58yrsno datano data
Shui Lin
Research & Development Manager and Director21.83yrsno datano data
Yong Wu
Research & Development Manager and Director21.83yrsno datano data

18.5yrs

Average Tenure

Experienced Management: 6203's management team is seasoned and experienced (18.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jin Wei
Deputy General Manager and Director14.58yrsno datano data
Shui Lin
Research & Development Manager and Director21.83yrsno datano data
Yong Wu
Research & Development Manager and Director21.83yrsno datano data
Dun Zhang
Director14.58yrsno datano data
Le Sheng
Director18.83yrsno datano data
Yao Lin
Director16.58yrsno datano data
Cheng-Tsung Chang
Chairmanno datano datano data

17.7yrs

Average Tenure

Experienced Board: 6203's board of directors are seasoned and experienced ( 17.7 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

Sea Sonic Electronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sea Sonic Electronics Co., Ltd.
  • Ticker: 6203
  • Exchange: GTSM
  • Founded: 1975
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$6.140b
  • Shares outstanding: 79.95m
  • Website: https://seasonic.com

Location

  • Sea Sonic Electronics Co., Ltd.
  • #19, Alley 360
  • 8th Floor
  • Taipei
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6203GTSM (Taipei Exchange)YesCommon StockTWTWDDec 2002

Biography

Sea Sonic Electronics Co., Ltd. researches, develops, produces, and sells power conversion products primarily in Taiwan. It offers consumer and industrial power supplies under the Seasonic brand. The compa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 17:18
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
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.