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Chenming Electronic Technology

Market Cap

NT$2.4b

Last Updated

2021/04/19 08:50 UTC

Data Sources

Company Financials

Executive Summary

Chenming Electronic Technology Corporation, an OEM/ODM manufacturer, engages in the production and sale of computer and server chassis, mobile device components, and related components. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3013 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3013's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

3013

1.2%

TW Tech

1.5%

TW Market


1 Year Return

29.3%

3013

43.5%

TW Tech

62.0%

TW Market

Return vs Industry: 3013 underperformed the TW Tech industry which returned 43.5% over the past year.

Return vs Market: 3013 underperformed the TW Market which returned 62% over the past year.


Shareholder returns

3013IndustryMarket
7 Day1.6%1.2%1.5%
30 Day13.2%4.9%6.8%
90 Day11.6%14.1%10.7%
1 Year32.2%29.3%50.0%43.5%67.5%62.0%
3 Year-8.1%-14.7%55.5%34.4%76.4%56.2%
5 Year35.9%20.5%88.7%48.7%140.5%97.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Chenming Electronic 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: 3013 (NT$15.9) is trading below our estimate of fair value (NT$121.8)

Significantly Below Fair Value: 3013 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3013 is poor value based on its PE Ratio (39.7x) compared to the TW Tech industry average (18.8x).

PE vs Market: 3013 is poor value based on its PE Ratio (39.7x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3013's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3013 is good value based on its PB Ratio (1x) compared to the TW Tech industry average (1.9x).


Future Growth

How is Chenming Electronic Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.5%

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 Chenming Electronic Technology 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.


Past Performance

How has Chenming Electronic Technology performed over the past 5 years?

0.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3013 has high quality earnings.

Growing Profit Margin: 3013's current net profit margins (1%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 3013's earnings have grown by 0.1% per year over the past 5 years.

Accelerating Growth: 3013's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3013 had negative earnings growth (-52.8%) over the past year, making it difficult to compare to the Tech industry average (15.4%).


Return on Equity

High ROE: 3013's Return on Equity (3.3%) is considered low.


Financial Health

How is Chenming Electronic Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 3013's short term assets (NT$3.2B) exceed its short term liabilities (NT$1.9B).

Long Term Liabilities: 3013's short term assets (NT$3.2B) exceed its long term liabilities (NT$636.4M).


Debt to Equity History and Analysis

Debt Level: 3013's debt to equity ratio (37.4%) is considered satisfactory.

Reducing Debt: 3013's debt to equity ratio has increased from 20.8% to 37.4% over the past 5 years.

Debt Coverage: 3013's debt is well covered by operating cash flow (52%).

Interest Coverage: 3013's interest payments on its debt are well covered by EBIT (21.7x coverage).


Balance Sheet


Dividend

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

1.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3013's dividend (1.89%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (1.93%).

High Dividend: 3013's dividend (1.89%) is low compared to the top 25% of dividend payers in the TW market (4.77%).


Stability and Growth of Payments

Stable Dividend: 3013's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3013's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.9%), 3013's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

15.8yrs

Average board tenure


CEO

Chenming Electronic Technology has no CEO, or we have no data on them.


Board Members

Experienced Board: 3013's board of directors are seasoned and experienced ( 15.8 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

Chenming Electronic Technology Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chenming Electronic Technology Corporation
  • Ticker: 3013
  • Exchange: TSEC
  • Founded: 1970
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$2.433b
  • Shares outstanding: 155.94m
  • Website: https://www.uneec.com

Location

  • Chenming Electronic Technology Corporation
  • No. 27, Minquan East Road
  • 2nd Floor
  • Taipei
  • 114
  • Taiwan

Listings


Biography

Chenming Electronic Technology Corporation, an OEM/ODM manufacturer, engages in the production and sale of computer and server chassis, mobile device components, and related components. The company also pr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 08:50
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
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.