TSEC:2474

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Catcher Technology

Executive Summary

Catcher Technology Co., Ltd., together with its subsidiaries, manufactures and sells aluminum and magnesium extrusions, and stamping products and molds in Taiwan and China. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Catcher Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2474 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2474's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

2474

1.8%

TW Tech

2.3%

TW Market


1 Year Return

-26.4%

2474

7.6%

TW Tech

19.7%

TW Market

Return vs Industry: 2474 underperformed the TW Tech industry which returned 6.1% over the past year.

Return vs Market: 2474 underperformed the TW Market which returned 18.4% over the past year.


Shareholder returns

2474IndustryMarket
7 Day1.6%1.8%2.3%
30 Day2.7%3.8%7.1%
90 Day-9.4%-2.0%8.3%
1 Year-22.6%-26.4%12.5%7.6%24.0%19.7%
3 Year-34.6%-42.9%26.8%9.8%43.2%27.3%
5 Year-25.1%-39.2%48.6%17.5%98.1%63.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Catcher Technology undervalued compared to its fair value and its price relative to the market?

13.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2474 (NT$192) is trading above our estimate of fair value (NT$140.26)

Significantly Below Fair Value: 2474 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2474 is good value based on its PE Ratio (13.7x) compared to the TW Tech industry average (15.1x).

PE vs Market: 2474 is good value based on its PE Ratio (13.7x) compared to the TW market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: 2474 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 2474 is good value based on its PB Ratio (1x) compared to the TW Tech industry average (1.5x).


Next Steps

Future Growth

How is Catcher Technology forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2474's forecast earnings growth (9.8% per year) is above the savings rate (0.9%).

Earnings vs Market: 2474's earnings (9.8% per year) are forecast to grow slower than the TW market (15.9% per year).

High Growth Earnings: 2474's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2474's revenue is expected to decline over the next 3 years (-15.3% per year).

High Growth Revenue: 2474's revenue is forecast to decline over the next 3 years (-15.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2474's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Catcher Technology performed over the past 5 years?

-9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2474 has high quality earnings.

Growing Profit Margin: 2474's current net profit margins (11.2%) are lower than last year (16.5%).


Past Earnings Growth Analysis

Earnings Trend: 2474's earnings have declined by 9.8% per year over the past 5 years.

Accelerating Growth: 2474's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2474 had negative earnings growth (-27.2%) over the past year, making it difficult to compare to the Tech industry average (10.5%).


Return on Equity

High ROE: 2474's Return on Equity (7.5%) is considered low.


Next Steps

Financial Health

How is Catcher Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2474's short term assets (NT$174.8B) exceed its short term liabilities (NT$99.2B).

Long Term Liabilities: 2474's short term assets (NT$174.8B) exceed its long term liabilities (NT$1.2B).


Debt to Equity History and Analysis

Debt Level: 2474's debt to equity ratio (47%) is considered high.

Reducing Debt: 2474's debt to equity ratio has increased from 19.7% to 47% over the past 5 years.

Debt Coverage: 2474's debt is well covered by operating cash flow (47.2%).

Interest Coverage: 2474 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2474's dividend (5.21%) is higher than the bottom 25% of dividend payers in the TW market (2.16%).

High Dividend: 2474's dividend (5.21%) is low compared to the top 25% of dividend payers in the TW market (5.26%).


Stability and Growth of Payments

Stable Dividend: 2474's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2474's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.6%), 2474's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2474's dividends in 3 years are forecast to be covered by earnings (61% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Allen Hung

4.83yrs

Tenure

Mr. Shui-Shu Hung, also known as Allen, was the President of Cementos Molins SA. Mr. Hung has been the Chief Executive Officer of Catcher Technology Co., Ltd., since January 01, 2016. He served as the Pre...


Leadership Team

NamePositionTenureCompensationOwnership
Shui-Shu Hung
Chairman & CEO4.83yrsno data3.82%
NT$ 5.6b
Mei-Hsin Chen
Accounting Managerno datano datano data
Kristen Fang
Manager of Investor Relations0.33yrno datano data
Tien-Szu Hung
GM & Director7.42yrsno data3.42%
NT$ 5.0b

4.8yrs

Average Tenure

Experienced Management: 2474's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shui-Shu Hung
Chairman & CEO4.83yrsno data3.82%
NT$ 5.6b
Tien-Szu Hung
GM & Director7.42yrsno data3.42%
NT$ 5.0b
Tsorng-Juu Liang
Independent Director1.42yrsno datano data
Mon-Huan Lei
Director7.42yrsno datano data
Wen-Che Tseng
Independent Director1.42yrsno datano data
Ming-Yang Cheng
Independent Director1.42yrsno datano data

1.4yrs

Average Tenure

Experienced Board: 2474's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

Catcher Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Catcher Technology Co., Ltd.
  • Ticker: 2474
  • Exchange: TSEC
  • Founded: 1984
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$146.231b
  • Shares outstanding: 761.62m
  • Website: https://www.catcher-group.com

Number of Employees


Location

  • Catcher Technology Co., Ltd.
  • No 398, RenAi Street
  • Yongkang District
  • Tainan City
  • 710
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2474TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDDec 1999
CTCR1BDL (Bourse de Luxembourg)GDS EACH REPR 5 ORD '144A'LUUSDJun 2011
CTCRSBDL (Bourse de Luxembourg)GDR REG SLUUSDJun 2011

Biography

Catcher Technology Co., Ltd., together with its subsidiaries, manufactures and sells aluminum and magnesium extrusions, and stamping products and molds in Taiwan and China. It offers casing, internal compo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 15:01
End of Day Share Price2020/11/23 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.