| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
3426 Stock Overview
Tai Shing Electronics Components Corporation researches, designs, develops, manufactures, and sells solenoids, and solenoid valve and relay products.
Tai Shing Electronics Components Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NT$38.10 |
| 52 Week High | NT$40.65 |
| 52 Week Low | NT$36.10 |
| Beta | 0.51 |
| 1 Month Change | 0.26% |
| 3 Month Change | -0.39% |
| 1 Year Change | -5.93% |
| 3 Year Change | -14.29% |
| 5 Year Change | -30.83% |
| Change since IPO | 15.75% |
Recent News & Updates
Shareholder Returns
| 3426 | TW Electronic | TW Market | |
|---|---|---|---|
| 7D | 0% | -0.2% | -1.0% |
| 1Y | -5.9% | -12.0% | -11.3% |
Return vs Industry: 3426 exceeded the TW Electronic industry which returned -13.7% over the past year.
Return vs Market: 3426 exceeded the TW Market which returned -12.3% over the past year.
Price Volatility
| 3426 volatility | |
|---|---|
| 3426 Average Weekly Movement | 1.4% |
| Electronic Industry Average Movement | 5.2% |
| Market Average Movement | 4.7% |
| 10% most volatile stocks in TW Market | 8.3% |
| 10% least volatile stocks in TW Market | 2.3% |
Stable Share Price: 3426 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: 3426's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | n/a | William Yang | https://www.tai-shing.com.tw |
Tai Shing Electronics Components Corporation researches, designs, develops, manufactures, and sells solenoids, and solenoid valve and relay products. The company offers linear, rotary, flapping, and sucker-type electromagnet products; and water, air, and oil solenoid valves. It also provides signal, power, automotive, and SSR relay products; and brakes.
Tai Shing Electronics Components Fundamentals Summary
| 3426 fundamental statistics | |
|---|---|
| Market Cap | NT$1.01b |
| Earnings (TTM) | NT$68.84m |
| Revenue (TTM) | NT$731.76m |
14.6x
P/E Ratio1.4x
P/S RatioIs 3426 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3426 income statement (TTM) | |
|---|---|
| Revenue | NT$731.76m |
| Cost of Revenue | NT$511.30m |
| Gross Profit | NT$220.45m |
| Other Expenses | NT$151.62m |
| Earnings | NT$68.84m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.61 |
| Gross Margin | 30.13% |
| Net Profit Margin | 9.41% |
| Debt/Equity Ratio | 10.0% |
How did 3426 perform over the long term?
See historical performance and comparisonDividends
5.2%
Current Dividend Yield77%
Payout RatioValuation
Is 3426 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3426?
Other financial metrics that can be useful for relative valuation.
| What is 3426's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NT$1.01b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.6x |
| Enterprise Value/EBITDA | 5.2x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 3426's PE Ratio compare to its peers?
| 3426 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 37.9x | ||
5230 Ledlink Optics | 16.4x | n/a | NT$1.1b |
3585 Advance Materials | 51.5x | n/a | NT$1.1b |
3659 Bison Electronics | 9x | n/a | NT$959.5m |
5381 Uniplus Electronics | 74.9x | n/a | NT$1.1b |
3426 Tai Shing Electronics Components | 14.6x | n/a | NT$1.0b |
Price-To-Earnings vs Peers: 3426 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (37.9x).
Price to Earnings Ratio vs Industry
How does 3426's PE Ratio compare vs other companies in the TW Electronic Industry?
Price-To-Earnings vs Industry: 3426 is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the TW Electronic industry average (12.7x)
Price to Earnings Ratio vs Fair Ratio
What is 3426's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 14.6x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3426's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 3426 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3426 (NT$38.1) is trading above our estimate of fair value (NT$25.28)
Significantly Below Fair Value: 3426 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3426's PEG Ratio to determine if it is good value.
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Future Growth
How is Tai Shing Electronics Components forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.7%
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 Tai Shing Electronics Components 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.
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- Examine Tai Shing Electronics Components's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Past Performance
How has Tai Shing Electronics Components performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3426 has a high level of non-cash earnings.
Growing Profit Margin: 3426's current net profit margins (9.4%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: 3426's earnings have declined by 16% per year over the past 5 years.
Accelerating Growth: 3426's earnings growth over the past year (26.1%) exceeds its 5-year average (-16% per year).
Earnings vs Industry: 3426 earnings growth over the past year (26.1%) underperformed the Electronic industry 35.9%.
Return on Equity
High ROE: 3426's Return on Equity (9.8%) is considered low.
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Financial Health
How is Tai Shing Electronics Components's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 3426's short term assets (NT$885.0M) exceed its short term liabilities (NT$232.6M).
Long Term Liabilities: 3426's short term assets (NT$885.0M) exceed its long term liabilities (NT$134.3M).
Debt to Equity History and Analysis
Debt Level: 3426 has more cash than its total debt.
Reducing Debt: 3426's debt to equity ratio has increased from 0.2% to 10% over the past 5 years.
Debt Coverage: 3426's debt is well covered by operating cash flow (111.4%).
Interest Coverage: 3426 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Tai Shing Electronics Components's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3426's dividend (5.25%) is higher than the bottom 25% of dividend payers in the TW market (2.54%).
High Dividend: 3426's dividend (5.25%) is low compared to the top 25% of dividend payers in the TW market (6.35%).
Stability and Growth of Payments
Stable Dividend: 3426 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3426's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.7%), 3426's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (117.8%), 3426's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
William Yang
4.83yrs
Tenure
Mr. Wen-Lung Yang, also known as William, has been General Manager of Tai Shing Electronics Components Corporation since August 8, 2017 and serves as its Director since May 29, 2014. Mr. Yang serves as Gen...
Leadership Team
Experienced Management: 3426's management team is seasoned and experienced (5.3 years average tenure).
Board Members
Experienced Board: 3426's board of directors are considered experienced (7.3 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
Tai Shing Electronics Components Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Tai Shing Electronics Components Corporation
- Ticker: 3426
- Exchange: TPEX
- Founded: 1984
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: NT$1.006b
- Shares outstanding: 26.40m
- Website: https://www.tai-shing.com.tw
Location
- Tai Shing Electronics Components Corporation
- Building A
- 6th Floor
- Taoyuan City
- 324
- Taiwan
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.