GTSM:8155

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Allied Circuit

Executive Summary

Allied Circuit Co., Ltd. manufactures and sells electronic components in Taiwan. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.

Share Price & News

How has Allied Circuit's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8155 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 8155's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.3%

8155

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

12.5%

8155

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 8155 underperformed the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 8155 underperformed the TW Market which returned 28.6% over the past year.


Shareholder returns

8155IndustryMarket
7 Day-4.3%-1.6%-0.2%
30 Day-12.7%9.1%8.8%
90 Day-3.1%21.8%20.6%
1 Year15.6%12.5%20.2%16.1%33.1%28.6%
3 Year15.5%-1.8%31.4%15.8%55.3%37.8%
5 Year796.1%572.8%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Allied Circuit undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8155 (NT$110) is trading below our estimate of fair value (NT$156.07)

Significantly Below Fair Value: 8155 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8155 is good value based on its PE Ratio (10.4x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 8155 is good value based on its PE Ratio (10.4x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8155's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8155 is overvalued based on its PB Ratio (3x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is Allied Circuit forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-4.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 8155's forecast earnings growth is above the savings rate (0.8%).

Earnings vs Market: Insufficient data to determine if 8155's earnings are forecast to grow faster than the TW market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 8155's revenue is expected to decline over the next 3 years (-4.2% per year).

High Growth Revenue: 8155's revenue is forecast to decline over the next 3 years (-4.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 8155's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Allied Circuit performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8155 has high quality earnings.

Growing Profit Margin: 8155's current net profit margins (18.3%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: 8155's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: 8155's earnings growth over the past year (209.8%) exceeds its 5-year average (24.3% per year).

Earnings vs Industry: 8155 earnings growth over the past year (209.8%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 8155's Return on Equity (29%) is considered high.


Next Steps

Financial Health

How is Allied Circuit's financial position?


Financial Position Analysis

Short Term Liabilities: 8155's short term assets (NT$1.9B) exceed its short term liabilities (NT$1.0B).

Long Term Liabilities: 8155's short term assets (NT$1.9B) exceed its long term liabilities (NT$3.6M).


Debt to Equity History and Analysis

Debt Level: 8155's debt to equity ratio (8.8%) is considered satisfactory.

Reducing Debt: 8155's debt to equity ratio has increased from 6.8% to 8.8% over the past 5 years.

Debt Coverage: 8155's debt is well covered by operating cash flow (415%).

Interest Coverage: 8155 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Allied Circuit current dividend yield, its reliability and sustainability?

3.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8155's dividend (3.27%) is higher than the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 8155's dividend (3.27%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 8155 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8155's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.9%), 8155'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?


CEO

Hui Long Hong

no data

Tenure

Hui Lo Hong serves as the General Manager and Director of Allied Circuit Co., Ltd.


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

Allied Circuit Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allied Circuit Co., Ltd.
  • Ticker: 8155
  • Exchange: GTSM
  • Founded: 1995
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$5.473b
  • Shares outstanding: 49.76m
  • Website: https://www.accl.com.tw

Location

  • Allied Circuit Co., Ltd.
  • No. 128, Gong 2nd Road
  • Wulin Village
  • Taoyuan City
  • 32559
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8155GTSM (Taipei Exchange)YesCommon StockTWTWDMay 2011

Biography

Allied Circuit Co., Ltd. manufactures and sells electronic components in Taiwan. The company offers high reliability PCB, rigid type multi-layer PCB, and HDI. It is also involved in the wholesale and retai...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 17:10
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.