Executive Summary
Ecocera Optronics Co., Ltd. manufactures and sells ceramics circuit boards in Taiwan.
Risk Analysis
+ 1 more risk
Snowflake Analysis
Questionable track record with imperfect balance sheet.
Share Price & News
How has Ecocera Optronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6597 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.3%
6597
-1.3%
TW Electronic
-1.0%
TW Market
1 Year Return
-19.0%
6597
11.3%
TW Electronic
12.4%
TW Market
Return vs Industry: 6597 underperformed the TW Electronic industry which returned 11.3% over the past year.
Return vs Market: 6597 underperformed the TW Market which returned 12.4% over the past year.
Shareholder returns
| 6597 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.3% | -1.0% |
| 30 Day | -0.7% | -5.8% | -3.5% |
| 90 Day | -0.9% | 1.7% | 1.2% |
| 1 Year | -19.0%-19.0% | 16.6%11.3% | 17.4%12.4% |
| 3 Year | n/a | 14.6%1.6% | 33.1%17.9% |
| 5 Year | n/a | 31.4%7.5% | 47.1%20.8% |
Price Volatility Vs. Market
How volatile is Ecocera Optronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should We Worry About Ecocera Optronics Co., Ltd.'s (GTSM:6597) P/E Ratio?1 month ago | Simply Wall St
Why Ecocera Optronics Co., Ltd.’s (GTSM:6597) Return On Capital Employed Looks UninspiringValuation
Is Ecocera Optronics undervalued compared to its fair value and its price relative to the market?
30.3x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 6597's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 6597's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 6597 is poor value based on its PE Ratio (30.3x) compared to the Electronic industry average (15.4x).
PE vs Market: 6597 is poor value based on its PE Ratio (30.3x) compared to the TW market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6597's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6597 is overvalued based on its PB Ratio (1.7x) compared to the TW Electronic industry average (1.4x).
Next Steps
Future Growth
How is Ecocera Optronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.6%
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 Ecocera Optronics 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
- Take a look at our analysis of 6597’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Tech industry.
Past Performance
How has Ecocera Optronics performed over the past 5 years?
74.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6597 has high quality earnings.
Growing Profit Margin: 6597's current net profit margins (3.4%) are lower than last year (10.4%).
Past Earnings Growth Analysis
Earnings Trend: 6597 has become profitable over the past 5 years, growing earnings by 74% per year.
Accelerating Growth: 6597's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6597 had negative earnings growth (-67.8%) over the past year, making it difficult to compare to the Electronic industry average (-1.8%).
Return on Equity
High ROE: 6597's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ecocera Optronics's financial position?
Financial Position Analysis
Short Term Liabilities: 6597's short term assets (NT$323.7M) do not cover its short term liabilities (NT$364.9M).
Long Term Liabilities: 6597's short term assets (NT$323.7M) exceed its long term liabilities (NT$18.9M).
Debt to Equity History and Analysis
Debt Level: 6597's debt to equity ratio (95.3%) is considered high.
Reducing Debt: 6597's debt to equity ratio has increased from 89% to 95.3% over the past 5 years.
Balance Sheet
Inventory Level: 6597 has a high level of physical assets or inventory.
Debt Coverage by Assets: 6597's debt is covered by short term assets (assets are 1.3x 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: 6597 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 6597 is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Ecocera Optronics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 6597's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 6597'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 6597's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 6597's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 6597'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
Ecocera Optronics 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.
Top Shareholders
Company Information
Ecocera Optronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ecocera Optronics Co., Ltd.
- Ticker: 6597
- Exchange: GTSM
- Founded: 2011
- Industry: Electronic Components
- Sector: Tech
- Market Cap: NT$434.195m
- Shares outstanding: 20.86m
- Website: https://www.ecocera.com.tw
Number of Employees
Location
- Ecocera Optronics Co., Ltd.
- No. 303, Nanshan Road
- 2nd Floor
- Taoyuan
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6597 | GTSM (Taipei Exchange) | Yes | Common Stock | TW | TWD | Jan 2018 |
Biography
Ecocera Optronics Co., Ltd. manufactures and sells ceramics circuit boards in Taiwan. It offers direct plating copper products consisting high-power LED thermal dissipation substrates, LED thermal dissipation modules, concentrating type solar cell substrates, passive components, high power electronic components, etc. The company also provides direct bonded copper and high performance copper products. Its products are used in LED lighting, automotive lighting, mobile phone LED flash, UV, display, and other applications. The company was founded in 2011 and is based in Taoyuan, Taiwan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 16:52 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.