TSEC:3008

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LARGAN PrecisionLtd

Executive Summary

LARGAN Precision Co.,Ltd, together with its subsidiary, designs, manufactures, and sells lens for perspective mirror, camera, single and double binoculars, fax machines, microscopes, and scanners.


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

How has LARGAN PrecisionLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3008 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

11.3%

3008

6.2%

TW Electronic

4.7%

TW Market


1 Year Return

23.1%

3008

16.5%

TW Electronic

10.4%

TW Market

Return vs Industry: 3008 exceeded the TW Electronic industry which returned 16.5% over the past year.

Return vs Market: 3008 exceeded the TW Market which returned 10.4% over the past year.


Shareholder returns

3008IndustryMarket
7 Day11.3%6.2%4.7%
30 Day4.9%6.4%7.0%
90 Day-6.5%1.0%1.9%
1 Year25.3%23.1%22.0%16.5%15.4%10.4%
3 Year-7.7%-11.8%2.2%-9.5%26.2%11.5%
5 Year37.9%27.3%30.8%7.0%50.5%23.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is LARGAN PrecisionLtd undervalued compared to its fair value and its price relative to the market?

19.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3008 (NT$4270) is trading above our estimate of fair value (NT$2617.9)

Significantly Below Fair Value: 3008 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3008 is poor value based on its PE Ratio (19.1x) compared to the Electronic industry average (16.8x).

PE vs Market: 3008 is poor value based on its PE Ratio (19.1x) compared to the TW market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: 3008 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 3008 is overvalued based on its PB Ratio (4.3x) compared to the TW Electronic industry average (1.4x).


Next Steps

Future Growth

How is LARGAN PrecisionLtd forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3008's forecast earnings growth (13.5% per year) is above the savings rate (0.9%).

Earnings vs Market: 3008's earnings (13.5% per year) are forecast to grow slower than the TW market (15.2% per year).

High Growth Earnings: 3008's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3008's revenue (11.7% per year) is forecast to grow faster than the TW market (7.4% per year).

High Growth Revenue: 3008's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3008's Return on Equity is forecast to be high in 3 years time (22.3%)


Next Steps

  • Explore growth companies in the Tech industry.

Past Performance

How has LARGAN PrecisionLtd performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3008 has a high level of non-cash earnings.

Growing Profit Margin: 3008's current net profit margins (46.7%) are lower than last year (49.9%).


Past Earnings Growth Analysis

Earnings Trend: 3008's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: 3008's earnings growth over the past year (17.8%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: 3008 earnings growth over the past year (17.8%) exceeded the Electronic industry -5.8%.


Return on Equity

High ROE: 3008's Return on Equity (22.5%) is considered high.


Next Steps

Financial Health

How is LARGAN PrecisionLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 3008's short term assets (NT$117.3B) exceed its short term liabilities (NT$29.7B).

Long Term Liabilities: 3008's short term assets (NT$117.3B) exceed its long term liabilities (NT$267.6M).


Debt to Equity History and Analysis

Debt Level: 3008's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: 3008's debt to equity ratio has reduced from 0.4% to 0.3% over the past 5 years.

Debt Coverage: 3008's debt is well covered by operating cash flow (7765.8%).

Interest Coverage: 3008 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is LARGAN PrecisionLtd's current dividend yield, its reliability and sustainability?

1.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3008's dividend (1.85%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.46%).

High Dividend: 3008's dividend (1.85%) is low compared to the top 25% of dividend payers in the TW market (5.48%).


Stability and Growth of Payments

Stable Dividend: 3008's dividends per share have been stable in the past 10 years.

Growing Dividend: 3008's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.4%), 3008's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3008's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).


Next Steps

Management

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

11.7yrs

Average management tenure


CEO

En Ping Lin

13yrs

Tenure

Mr. En Ping Lin serves as Vice Chairman and Chief Executive Officer of Largan Precision Co., Ltd. since June 21, 2013 and June 15, 2007 respectively. He serves as Director at Largan Precision Co., Ltd. sin ...


Leadership Team

NamePositionTenureCompensationOwnership
En-Chou Lin
Chairman & VPno datano data0.00040% NT$2.3m
En Ping Lin
Vice Chairman & CEO13yrsno data0.0060% NT$34.1m
Hsing-Ju Tsao
Finance & Accounting Director9.08yrsno datano data
Yu-Chih Huang
CTO & VP10.42yrsno data0.070% NT$402.4m

11.7yrs

Average Tenure

Experienced Management: 3008's management team is seasoned and experienced (11.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
En-Chou Lin
Chairman & VPno datano data0.00040% NT$2.3m
En Ping Lin
Vice Chairman & CEO13yrsno data0.0060% NT$34.1m
Ming-Yuan Hsieh
Director23.67yrsno data2.69% NT$15.4b
Ming-Hua Peng
Independent Director4yrsno data0.042% NT$241.7m
Yao-Ying Lin
Director26.92yrsno datano data
Chung-Jen Liang
Supervisor16yrsno data1.56% NT$8.9b
Tsui-Ying Chiang
Supervisorno datano data4.94% NT$28.3b
Shih-Ching Chen
Director26.92yrsno data5.04% NT$28.9b
Shan-Chieh Yen
Independent Director4yrsno datano data

16.0yrs

Average Tenure

Experienced Board: 3008's board of directors are seasoned and experienced ( 16 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

LARGAN Precision Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LARGAN Precision Co.,Ltd
  • Ticker: 3008
  • Exchange: TSEC
  • Founded: 1987
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$572.779b
  • Shares outstanding: 134.14m
  • Website: https://www.largan.com.tw

Number of Employees


Location

  • LARGAN Precision Co.,Ltd
  • No.11, Jingke Road
  • Nantun District
  • Taichung
  • 40852
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3008TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDMar 2002

Biography

LARGAN Precision Co.,Ltd, together with its subsidiary, designs, manufactures, and sells lens for perspective mirror, camera, single and double binoculars, fax machines, microscopes, and scanners. The company offers cellphone/NB, Web cam, car, camera, and scanner lenses, as well as optical mouse lenses, RPTV lens modules, and DVD object and collimator lenses. It also provides lenses for laptops, tablets, automobiles, and digital cameras. The company was founded in 1987 and is headquartered in Taichung, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 16:16
End of Day Share Price2020/06/05 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.