TSEC:3044

Stock Analysis Report

Tripod Technology

Executive Summary

Tripod Technology Corporation processes, manufactures and sells printed circuit boards in Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, and internationally.


Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3044's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

3044

0.4%

TW Electronic

-0.2%

TW Market


1 Year Return

-4.8%

3044

-17.3%

TW Electronic

-10.7%

TW Market

Return vs Industry: 3044 exceeded the TW Electronic industry which returned -17.3% over the past year.

Return vs Market: 3044 exceeded the TW Market which returned -10.7% over the past year.


Shareholder returns

3044IndustryMarket
7 Day-1.9%0.4%-0.2%
30 Day-16.5%-17.3%-15.3%
90 Day-24.4%-24.5%-20.2%
1 Year0.5%-4.8%-13.5%-17.3%-6.6%-10.7%
3 Year28.2%9.2%-11.5%-21.6%8.5%-4.1%
5 Year98.6%52.8%4.3%-14.8%21.2%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3044 (NT$95.2) is trading below our estimate of fair value (NT$154.18)

Significantly Below Fair Value: 3044 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3044 is good value based on its PE Ratio (8.3x) compared to the Electronic industry average (13.3x).

PE vs Market: 3044 is good value based on its PE Ratio (8.3x) compared to the TW market (14x).


Price to Earnings Growth Ratio

PEG Ratio: 3044 is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: 3044 is overvalued based on its PB Ratio (1.5x) compared to the TW Electronic industry average (1.1x).


Next Steps

Future Growth

How is Tripod Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3044's forecast earnings growth (4.2% per year) is above the savings rate (0.7%).

Earnings vs Market: 3044's earnings (4.2% per year) are forecast to grow slower than the TW market (11% per year).

High Growth Earnings: 3044's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3044's revenue (4.2% per year) is forecast to grow slower than the TW market (7% per year).

High Growth Revenue: 3044's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3044's Return on Equity is forecast to be low in 3 years time (16.4%).


Next Steps

Past Performance

How has Tripod Technology performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3044 has high quality earnings.

Growing Profit Margin: 3044's current net profit margins (11.1%) are higher than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: 3044's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: 3044's earnings growth over the past year (22.3%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: 3044 earnings growth over the past year (22.3%) exceeded the Electronic industry -4.5%.


Return on Equity

High ROE: 3044's Return on Equity (17.7%) is considered low.


Next Steps

Financial Health

How is Tripod Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 3044's short term assets (NT$52.7B) exceed its short term liabilities (NT$34.7B).

Long Term Liabilities: 3044's short term assets (NT$52.7B) exceed its long term liabilities (NT$2.8B).


Debt to Equity History and Analysis

Debt Level: 3044's debt to equity ratio (42.2%) is considered high.

Reducing Debt: 3044's debt to equity ratio has reduced from 53.7% to 42.2% over the past 5 years.

Debt Coverage: 3044's debt is well covered by operating cash flow (72.5%).

Interest Coverage: 3044 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 3044 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3044's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

What is Tripod Technology's current dividend yield, its reliability and sustainability?

6.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3044's dividend (6.2%) is higher than the bottom 25% of dividend payers in the TW market (3.25%).

High Dividend: 3044's dividend (6.2%) is low compared to the top 25% of dividend payers in the TW market (7.04%).


Stability and Growth of Payments

Stable Dividend: 3044's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3044's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.4%), 3044's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3044's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Jimmy Wang

no data

Tenure

Mr. Jing Chun Wang, also known as Jimmy, has been the Chairman and President at Tripod Technology Corporation since June 21, 2012 and September 30, 2015 respectively. Mr. Wang serves as Chief Executive Off ...


Leadership Team

NamePositionTenureCompensationOwnership
Jing Wang
Chairmanno datano data1.4% NT$700.0m
Jing Hu
Deputy CEO & Vice Chairman7.83yrsno data1.29% NT$644.8m
Gong He
Marketing Director & VP8.17yrsno data0.015% NT$7.6m
Li Yang Liao
Chief Auditor8.17yrsno datano data
Cheng-Ming Lu
Deputy General Managerno datano data0.00095% NT$475.4k
Da-Lun Wang
Vice Presidentno datano data0.11% NT$56.2m
Zhao-Xian Fang
Vice Presidentno datano data0.00063% NT$315.2k
Lien-Fa Tsai
Vice General Manager4.75yrsno datano data

8.2yrs

Average Tenure

Experienced Management: 3044's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jing Wang
Chairmanno datano data1.4% NT$700.0m
Jing Hu
Deputy CEO & Vice Chairman7.83yrsno data1.29% NT$644.8m
Hong Wu
Independent Director7.83yrsno data0.082% NT$41.2m
Qiu Wu
Director7.83yrsno datano data
Zheng Wang
Director7.83yrsno data0.41% NT$205.3m
Chao Xu
Director7.83yrsno data1.71% NT$855.1m
Mei Lan Zhang
Member of Supervisory Boardno datano data0.050% NT$24.8m
Mao Cai
Director1.83yrsno datano data
Yong Wu
Independent Directorno datano datano data
Xing Dai
Independent Director1.83yrsno data0.00043% NT$215.2k

7.8yrs

Average Tenure

Experienced Board: 3044's board of directors are considered experienced (7.8 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

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


Key Information

  • Name: Tripod Technology Corporation
  • Ticker: 3044
  • Exchange: TSEC
  • Founded: 1998
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$50.038b
  • Shares outstanding: 525.61m
  • Website: https://www.tripod-tech.com

Location

  • Tripod Technology Corporation
  • 21 Gongye 5th Road
  • Pingjhen Industrial Park
  • Taoyuan
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3044TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDDec 2000

Biography

Tripod Technology Corporation processes, manufactures and sells printed circuit boards in Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, and internationally. The company offers various boards for memory modules, TFT-LCDs, hard disks, NBs, servers, and substrates, as well as telecom and automotive products; and other services. It also engages in the manufacturing and wholesaling of chemical materials. In addition, the company involves in the development, sale, and rental of commercial housing, as well as provides management services. Tripod Technology Corporation was founded in 1998 and is based in Taoyuan, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 16:19
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
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.