GTSM:8455

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Daito Me Holdings

Executive Summary

Daito Me Holdings Co., Ltd sells CPU motherboards, control device components, servo motors, power supplies, and connectors.


Snowflake Analysis

Undervalued with excellent balance sheet.


Similar Companies

Share Price & News

How has Daito Me Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8455 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

8455

5.8%

TW Electronic

3.9%

TW Market


1 Year Return

-34.0%

8455

16.0%

TW Electronic

9.5%

TW Market

Return vs Industry: 8455 underperformed the TW Electronic industry which returned 14.3% over the past year.

Return vs Market: 8455 underperformed the TW Market which returned 8.2% over the past year.


Shareholder returns

8455IndustryMarket
7 Day-1.9%5.8%3.9%
30 Day2.2%6.8%6.2%
90 Day-13.6%0.5%1.1%
1 Year-33.6%-34.0%21.4%16.0%14.6%9.5%
3 Year-31.0%-32.1%1.9%-9.7%25.0%10.5%
5 Yearn/a30.1%6.4%49.4%22.1%

Price Volatility Vs. Market

How volatile is Daito Me Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Daito Me Holdings 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: 8455 (NT$21.05) is trading below our estimate of fair value (NT$587.65)

Significantly Below Fair Value: 8455 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8455 is good value based on its PE Ratio (16x) compared to the Electronic industry average (16.5x).

PE vs Market: 8455 is good value based on its PE Ratio (16x) compared to the TW market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8455's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8455 is good value based on its PB Ratio (1x) compared to the TW Electronic industry average (1.3x).


Next Steps

Future Growth

How is Daito Me Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.7%

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 Daito Me Holdings 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 Daito Me Holdings performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8455 has a large one-off loss of NT$20.9M impacting its March 31 2020 financial results.

Growing Profit Margin: 8455's current net profit margins (1.4%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: 8455's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: 8455's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8455 had negative earnings growth (-50.4%) over the past year, making it difficult to compare to the Electronic industry average (-5.8%).


Return on Equity

High ROE: 8455's Return on Equity (0.03%) is considered low.


Next Steps

Financial Health

How is Daito Me Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8455's short term assets (NT$1.1B) exceed its short term liabilities (NT$788.1M).

Long Term Liabilities: 8455's short term assets (NT$1.1B) exceed its long term liabilities (NT$305.0M).


Debt to Equity History and Analysis

Debt Level: 8455's debt to equity ratio (70.5%) is considered high.

Reducing Debt: 8455's debt to equity ratio has reduced from 109.6% to 70.5% over the past 5 years.

Debt Coverage: 8455's debt is well covered by operating cash flow (55.8%).

Interest Coverage: 8455's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Daito Me Holdings's current dividend yield, its reliability and sustainability?

0.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8455's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.51%).

High Dividend: 8455's dividend (0.76%) is low compared to the top 25% of dividend payers in the TW market (5.56%).


Stability and Growth of Payments

Stable Dividend: 8455 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.

Growing Dividend: 8455 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 8455 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8455'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?

6.3yrs

Average board tenure


CEO

Issunboshi Okuyama (59yo)

6.33yrs

Tenure

Mr. Issunboshi Okuyama serves as President and Director at Daito Me Holdings Co., Ltd since February 20, 2014. Mr. Okuyama has been the President and Representative Director of Freesia Macross Corporation  ...


Board Members

NamePositionTenureCompensationOwnership
Issunboshi Okuyama
President & Director6.33yrsno datano data
Beji Sasaki
Chairman6.42yrsno datano data
Yoshinori Sekiguchi
Director2yrsno datano data
Teruaki Miyashita
Independent Director6.33yrsno datano data
Yuan Ye Xin
Independent Director5.42yrsNT$300.00kno data
Kunihiko Satake
Independent Director6.33yrsno datano data

6.3yrs

Average Tenure

Experienced Board: 8455's board of directors are considered experienced (6.3 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

Daito Me Holdings Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Daito Me Holdings Co., Ltd
  • Ticker: 8455
  • Exchange: GTSM
  • Founded: 1957
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: NT$530.861m
  • Shares outstanding: 25.22m
  • Website: https://www.daito-me.com.tw

Number of Employees


Location

  • Daito Me Holdings Co., Ltd
  • 190 Elgin Avenue
  • George Town
  • Grand Cayman
  • KY1-9005
  • Cayman Islands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8455GTSM (Taipei Exchange)YesOrdinary SharesTWTWDJan 2016

Biography

Daito Me Holdings Co., Ltd sells CPU motherboards, control device components, servo motors, power supplies, and connectors. Its products include control panel, coil, robot arm system, and embedded solution products. The company serves automotive, industrial work machinery, other industries. Daito Me Holdings Co., Ltd was founded in 1957 and is headquartered in George Town, the Cayman Islands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 17:24
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
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.