Test Research, Inc. provides PCBA testing and inspection products.
Flawless balance sheet average dividend payer.
Share Price & News
How has Test Research's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3030's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3030 underperformed the TW Electronic industry which returned 7.7% over the past year.
Return vs Market: 3030 underperformed the TW Market which returned 4.7% over the past year.
Price Volatility Vs. Market
How volatile is Test Research's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StCalculating The Fair Value Of Test Research, Inc. (TPE:3030)
2 weeks ago | Simply Wall StAre Dividend Investors Making A Mistake With Test Research, Inc. (TPE:3030)?
1 month ago | Simply Wall StCan Mixed Fundamentals Have A Negative Impact on Test Research, Inc. (TPE:3030) Current Share Price Momentum?
Is Test Research undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3030 (NT$54.8) is trading below our estimate of fair value (NT$67.12)
Significantly Below Fair Value: 3030 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 3030 is good value based on its PE Ratio (13.3x) compared to the Electronic industry average (16.2x).
PE vs Market: 3030 is good value based on its PE Ratio (13.3x) compared to the TW market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3030's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3030 is overvalued based on its PB Ratio (2.3x) compared to the TW Electronic industry average (1.3x).
How is Test Research forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Test Research 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.
How has Test Research performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3030 has high quality earnings.
Growing Profit Margin: 3030's current net profit margins (21.2%) are lower than last year (22.5%).
Past Earnings Growth Analysis
Earnings Trend: 3030's earnings have declined by -2.3% per year over the past 5 years.
Accelerating Growth: 3030's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3030 had negative earnings growth (-10.7%) over the past year, making it difficult to compare to the Electronic industry average (-6.1%).
Return on Equity
High ROE: 3030's Return on Equity (17.2%) is considered low.
How is Test Research's financial position?
Financial Position Analysis
Short Term Liabilities: 3030's short term assets (NT$4.8B) exceed its short term liabilities (NT$1.2B).
Long Term Liabilities: 3030's short term assets (NT$4.8B) exceed its long term liabilities (NT$235.6M).
Debt to Equity History and Analysis
Debt Level: 3030 is debt free.
Reducing Debt: 3030 has not had any debt for past 5 years.
Debt Coverage: 3030 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 3030 has no debt, therefore coverage of interest payments is not a concern.
What is Test Research's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3030's dividend (6.02%) is higher than the bottom 25% of dividend payers in the TW market (2.52%).
High Dividend: 3030's dividend (6.02%) is in the top 25% of dividend payers in the TW market (5.71%)
Stability and Growth of Payments
Stable Dividend: 3030's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3030's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.3%), 3030's 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.
How experienced are the management team and are they aligned to shareholders interests?
Jason Chen is founder of Test Research Inc. and serves as its Chief Executive Officer.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Test Research, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Test Research, Inc.
- Ticker: 3030
- Exchange: TSEC
- Founded: 1989
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: NT$12.945b
- Shares outstanding: 236.22m
- Website: https://www.tri.com.tw
- Test Research, Inc.
- No. 45, Dexing West Road
- 7th Floor
- Taipei City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3030||TSEC (Taiwan Stock Exchange)||Yes||Common Stock||TW||TWD||Mar 2001|
Test Research, Inc. provides PCBA testing and inspection products. The company offers optical inspection solutions, including 3D solder paste inspection, automated optical inspection, and 3D automated X-ray inspection systems; and manufacturing defects analyzers and in-circuit testers. It also provides after sales services, including trouble shooting, failure analysis, periodic calibration, system maintenance, and parts and accessories warranty. The company operates in Taiwan, the United States, Malaysia, Mainland China, Germany, Japan, Korea, and internationally. Test Research, Inc. was founded in 1989 and is headquartered in Taipei City, Taiwan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 14:50|
|End of Day Share Price||2020/05/29 00:00|
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.