GTSM:6597

Stock Analysis Report

Ecocera Optronics

Executive Summary

Ecocera Optronics Co., Ltd. manufactures and sells ceramics circuit boards in Taiwan.


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

6597IndustryMarket
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 Yearn/a14.6%1.6%33.1%17.9%
5 Yearn/a31.4%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

Valuation

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

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

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.8%.


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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6597GTSM (Taipei Exchange)YesCommon StockTWTWDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 16:52
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.