Executive Summary
Compeq Manufacturing Co., Ltd. manufactures and sells printed-circuit boards (PCBs) in Taiwan, the United States, Asia, Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record.
Similar Companies
Share Price & News
How has Compeq Manufacturing's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2313 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2313's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
2313
-2.2%
TW Electronic
2.4%
TW Market
1 Year Return
-5.0%
2313
17.8%
TW Electronic
31.3%
TW Market
Return vs Industry: 2313 underperformed the TW Electronic industry which returned 17.8% over the past year.
Return vs Market: 2313 underperformed the TW Market which returned 31.3% over the past year.
Shareholder returns
| 2313 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -2.2% | 2.4% |
| 30 Day | 2.2% | 12.3% | 12.4% |
| 90 Day | -5.0% | 23.7% | 23.2% |
| 1 Year | -2.6%-5.0% | 22.0%17.8% | 35.9%31.3% |
| 3 Year | 39.1%26.5% | 33.5%17.7% | 58.4%40.6% |
| 5 Year | 178.8%132.4% | 113.9%75.2% | 138.4%96.6% |
Long-Term Price Volatility Vs. Market
How volatile is Compeq Manufacturing's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Does Compeq Manufacturing (TPE:2313) Have A Healthy Balance Sheet?1 week ago | Simply Wall St
Can Compeq Manufacturing (TPE:2313) Continue To Grow Its Returns On Capital?3 weeks ago | Simply Wall St
Is Compeq Manufacturing Co., Ltd. (TPE:2313) Potentially Undervalued?Valuation
Is Compeq Manufacturing undervalued compared to its fair value and its price relative to the market?
34.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2313 (NT$44.15) is trading below our estimate of fair value (NT$67.82)
Significantly Below Fair Value: 2313 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2313 is good value based on its PE Ratio (10.9x) compared to the TW Electronic industry average (16.9x).
PE vs Market: 2313 is good value based on its PE Ratio (10.9x) compared to the TW market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: 2313 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 2313 is overvalued based on its PB Ratio (1.9x) compared to the TW Electronic industry average (1.6x).
Next Steps
Future Growth
How is Compeq Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2313's forecast earnings growth (15.1% per year) is above the savings rate (0.8%).
Earnings vs Market: 2313's earnings (15.1% per year) are forecast to grow slower than the TW market (18.6% per year).
High Growth Earnings: 2313's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2313's revenue (9.9% per year) is forecast to grow slower than the TW market (11.2% per year).
High Growth Revenue: 2313's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2313's Return on Equity is forecast to be low in 3 years time (19.2%).
Next Steps
Past Performance
How has Compeq Manufacturing performed over the past 5 years?
13.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2313 has high quality earnings.
Growing Profit Margin: 2313's current net profit margins (8.1%) are higher than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: 2313's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: 2313's earnings growth over the past year (70.2%) exceeds its 5-year average (13.3% per year).
Earnings vs Industry: 2313 earnings growth over the past year (70.2%) exceeded the Electronic industry 5%.
Return on Equity
High ROE: 2313's Return on Equity (17.5%) is considered low.
Next Steps
Financial Health
How is Compeq Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: 2313's short term assets (NT$35.5B) exceed its short term liabilities (NT$19.6B).
Long Term Liabilities: 2313's short term assets (NT$35.5B) exceed its long term liabilities (NT$18.0B).
Debt to Equity History and Analysis
Debt Level: 2313's debt to equity ratio (53.4%) is considered high.
Reducing Debt: 2313's debt to equity ratio has reduced from 77.4% to 53.4% over the past 5 years.
Debt Coverage: 2313's debt is well covered by operating cash flow (48.4%).
Interest Coverage: 2313's interest payments on its debt are well covered by EBIT (32.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Compeq Manufacturing current dividend yield, its reliability and sustainability?
2.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2313's dividend (2.72%) is higher than the bottom 25% of dividend payers in the TW market (2.11%).
High Dividend: 2313's dividend (2.72%) is low compared to the top 25% of dividend payers in the TW market (5.16%).
Stability and Growth of Payments
Stable Dividend: 2313 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2313's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.7%), 2313's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2313's dividends in 3 years are forecast to be well covered by earnings (38.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
P. K. Chiang
0.83
Tenure
Mr. P. K. Chiang has been the President of Compeq Manufacturing Co., Ltd. since October 2012 and has been its Director since June 12, 2014. He serves as Chief Executive Officer at Compeq Manufacturing Co.,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | no data | 0.046% NT$ 23.5m | |
| Chief Financial Officer | no data | no data | no data | |
| Accounting Manager | no data | no data | no data | |
| Senior Vice President of Manufacturing | 15.5yrs | no data | no data | |
| Executive VP & Director | 15.5yrs | no data | 0.013% NT$ 6.6m | |
| Executive VP & Director | 12.58yrs | no data | 3.1% NT$ 1.6b | |
| VP & Director | 3.58yrs | no data | 3.12% NT$ 1.6b |
5.0yrs
Average Tenure
Experienced Management: 2313's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | no data | 0.046% NT$ 23.5m | |
| Executive VP & Director | 15.5yrs | no data | 0.013% NT$ 6.6m | |
| Executive VP & Director | 12.58yrs | no data | 3.1% NT$ 1.6b | |
| VP & Director | 3.58yrs | no data | 3.12% NT$ 1.6b | |
| Chairman | 12.58yrs | no data | 5.31% NT$ 2.7b | |
| Director | 18.67yrs | no data | 1.29% NT$ 654.3m | |
| Independent Vice Chairman | 12.58yrs | no data | 0.12% NT$ 58.7m | |
| Independent Director | 6.58yrs | no data | no data | |
| Independent Director | 3.58yrs | no data | no data |
12.6yrs
Average Tenure
Experienced Board: 2313's board of directors are seasoned and experienced ( 12.6 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
Compeq Manufacturing Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Compeq Manufacturing Co., Ltd.
- Ticker: 2313
- Exchange: TSEC
- Founded: 1973
- Industry: Electronic Components
- Sector: Tech
- Market Cap: NT$50.891b
- Shares outstanding: 1.19b
- Website: https://www.compeq.com.tw
Location
- Compeq Manufacturing Co., Ltd.
- 91, Lane 814
- Ta-Hsin Road
- Taoyuan City
- 33843
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2313 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 1992 |
Biography
Compeq Manufacturing Co., Ltd. manufactures and sells printed-circuit boards (PCBs) in Taiwan, the United States, Asia, Europe, and internationally. It provides regular multi-layered, high density intercon...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 08:36 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.