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6121

Simplo TechnologyTPEX:6121 Stock Report

Last Price

NT$332.00

Market Cap

NT$61.4b

7D

1.4%

1Y

-8.2%

Updated

18 Jan, 2022

Data

Company Financials +
6121 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends6/6

6121 Stock Overview

Simplo Technology Co., Ltd. develops, produces, and sells battery packs worldwide.

Simplo Technology Competitors

Dynapack International Technology

TPEX:3211

NT$15.7b

Celxpert Energy

TPEX:3323

NT$3.3b

STL Technology

TPEX:4931

NT$1.6b

BYD

SEHK:1211

HK$884.1b

Price History & Performance

Summary of all time highs, changes and price drops for Simplo Technology
Historical stock prices
Current Share PriceNT$332.00
52 Week HighNT$391.50
52 Week LowNT$273.50
Beta0.43
1 Month Change2.00%
3 Month Change16.49%
1 Year Change-8.16%
3 Year Change55.87%
5 Year Change113.05%
Change since IPO1,393.02%

Recent News & Updates

Apr 18
Estimating The Intrinsic Value Of Simplo Technology Co., Ltd. (GTSM:6121)

Estimating The Intrinsic Value Of Simplo Technology Co., Ltd. (GTSM:6121)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Simplo Technology Co...

Shareholder Returns

6121TW ElectronicTW Market
7D1.4%-1.1%1.2%
1Y-8.2%8.0%17.8%

Return vs Industry: 6121 underperformed the TW Electronic industry which returned 8% over the past year.

Return vs Market: 6121 underperformed the TW Market which returned 17.8% over the past year.

Price Volatility

Is 6121's price volatile compared to industry and market?
6121 volatility
6121 Average Weekly Movement4.2%
Electronic Industry Average Movement5.4%
Market Average Movement4.3%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.7%

Stable Share Price: 6121 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6121's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/aFu-Hsiang Sunghttps://www.simplo.com.tw

Simplo Technology Co., Ltd. develops, produces, and sells battery packs worldwide. Its products include LEV power tool battery, handheld tool battery, and electric vehicle battery modules; household energy storage systems; smartphone, tablet, and laptop battery modules; power banks; wearable devices; and power banks, BT speaker, cleaning robots, wearable devices, and vacuum cleaner Li-ion battery modules. The company also provides machine parts, such as plastic moldings, injections/fixtures/films, metal stampings/trays, and die cut/busbar products; AGV products and automation equipment; and lab testing services, as well as power equipment, industrial robot controllers, machine arms, and industrial cameras.

Simplo Technology Fundamentals Summary

How do Simplo Technology's earnings and revenue compare to its market cap?
6121 fundamental statistics
Market CapNT$61.41b
Earnings (TTM)NT$6.51b
Revenue (TTM)NT$99.93b

9.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6121 income statement (TTM)
RevenueNT$99.93b
Cost of RevenueNT$86.31b
Gross ProfitNT$13.63b
ExpensesNT$7.12b
EarningsNT$6.51b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)35.18
Gross Margin13.64%
Net Profit Margin6.51%
Debt/Equity Ratio3.1%

How did 6121 perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

54%

Payout Ratio

Valuation

Is Simplo Technology 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: 6121 (NT$332) is trading below our estimate of fair value (NT$1044.46)

Significantly Below Fair Value: 6121 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6121 is good value based on its PE Ratio (9.4x) compared to the TW Electronic industry average (17.7x).

PE vs Market: 6121 is good value based on its PE Ratio (9.4x) compared to the TW market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6121 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 6121 is overvalued based on its PB Ratio (2x) compared to the TW Electronic industry average (1.8x).


Future Growth

How is Simplo Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6121's forecast earnings growth (5.9% per year) is above the savings rate (0.8%).

Earnings vs Market: 6121's earnings (5.9% per year) are forecast to grow slower than the TW market (11.1% per year).

High Growth Earnings: 6121's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6121's revenue (5.4% per year) is forecast to grow slower than the TW market (10.9% per year).

High Growth Revenue: 6121's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6121's Return on Equity is forecast to be high in 3 years time (20.5%)


Past Performance

How has Simplo Technology performed over the past 5 years?

19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6121 has high quality earnings.

Growing Profit Margin: 6121's current net profit margins (6.5%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 6121's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: 6121's earnings growth over the past year (47%) exceeds its 5-year average (19% per year).

Earnings vs Industry: 6121 earnings growth over the past year (47%) exceeded the Electronic industry 36%.


Return on Equity

High ROE: 6121's Return on Equity (20.6%) is considered high.


Financial Health

How is Simplo Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6121's short term assets (NT$58.8B) exceed its short term liabilities (NT$32.9B).

Long Term Liabilities: 6121's short term assets (NT$58.8B) exceed its long term liabilities (NT$2.4B).


Debt to Equity History and Analysis

Debt Level: 6121 has more cash than its total debt.

Reducing Debt: 6121's debt to equity ratio has reduced from 9.3% to 3.1% over the past 5 years.

Debt Coverage: 6121's debt is well covered by operating cash flow (634.7%).

Interest Coverage: 6121 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Simplo Technology current dividend yield, its reliability and sustainability?

5.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6121's dividend (5.75%) is higher than the bottom 25% of dividend payers in the TW market (1.85%).

High Dividend: 6121's dividend (5.75%) is in the top 25% of dividend payers in the TW market (5.02%)


Stability and Growth of Payments

Stable Dividend: 6121's dividends per share have been stable in the past 10 years.

Growing Dividend: 6121's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.3%), 6121's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6121's dividends in 3 years are forecast to be covered by earnings (66.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.5yrs

Average management tenure


CEO

Fu-Hsiang Sung

22.5yrs

Tenure

Mr. Fu-Hsiang Sung serves as CSO at Advanced Energy Solution Holding Co., Ltd since November 10, 2021 and serves as Chairman of the Board since January 09, 2020. He is Chairman of Simplo Technology Co., Lt...


Leadership Team

Experienced Management: 6121's management team is seasoned and experienced (14.5 years average tenure).


Board Members

Experienced Board: 6121's board of directors are seasoned and experienced ( 19.7 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

Simplo Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Simplo Technology Co., Ltd.
  • Ticker: 6121
  • Exchange: TPEX
  • Founded: 1992
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: NT$61.410b
  • Shares outstanding: 184.97m
  • Website: https://www.simplo.com.tw

Location

  • Simplo Technology Co., Ltd.
  • No. 471, Bade Road
  • Section 2
  • Hsinchu City
  • 30348
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 15:55
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.