Executive Summary
Vivotek Inc. provides security surveillance solutions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Vivotek's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3454 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
3454
6.2%
TW Electronic
4.7%
TW Market
1 Year Return
-40.3%
3454
16.5%
TW Electronic
10.4%
TW Market
Return vs Industry: 3454 underperformed the TW Electronic industry which returned 16.5% over the past year.
Return vs Market: 3454 underperformed the TW Market which returned 10.4% over the past year.
Shareholder returns
| 3454 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 6.2% | 4.7% |
| 30 Day | 2.7% | 6.4% | 7.0% |
| 90 Day | -16.5% | 1.0% | 1.9% |
| 1 Year | -38.9%-40.3% | 22.0%16.5% | 15.4%10.4% |
| 3 Year | 9.8%-3.2% | 2.2%-9.5% | 26.2%11.5% |
| 5 Year | 45.5%16.3% | 30.8%7.0% | 50.5%23.1% |
Price Volatility Vs. Market
How volatile is Vivotek's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Vivotek (TPE:3454) Seems To Use Debt Rather Sparingly4 weeks ago | Simply Wall St
What Can We Learn From Vivotek Inc.’s (TPE:3454) Investment Returns?1 month ago | Simply Wall St
Are Poor Financial Prospects Dragging Down Vivotek Inc. (TPE:3454 Stock?Valuation
Is Vivotek 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: 3454 (NT$73.4) is trading below our estimate of fair value (NT$175.15)
Significantly Below Fair Value: 3454 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3454 is poor value based on its PE Ratio (22.8x) compared to the Electronic industry average (16.8x).
PE vs Market: 3454 is poor value based on its PE Ratio (22.8x) compared to the TW market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3454's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3454 is overvalued based on its PB Ratio (2.1x) compared to the TW Electronic industry average (1.4x).
Next Steps
Future Growth
How is Vivotek forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
17.8%
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 Vivotek 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.
Next Steps
- Examine Vivotek's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Tech industry.
Past Performance
How has Vivotek performed over the past 5 years?
-7.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3454 has high quality earnings.
Growing Profit Margin: 3454's current net profit margins (4.3%) are lower than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: 3454's earnings have declined by -7.3% per year over the past 5 years.
Accelerating Growth: 3454's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3454 had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Electronic industry average (-5.8%).
Return on Equity
High ROE: 3454's Return on Equity (8.1%) is considered low.
Next Steps
Financial Health
How is Vivotek's financial position?
Financial Position Analysis
Short Term Liabilities: 3454's short term assets (NT$3.2B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 3454's short term assets (NT$3.2B) exceed its long term liabilities (NT$397.9M).
Debt to Equity History and Analysis
Debt Level: 3454's debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: 3454's debt to equity ratio has increased from 2.1% to 12.7% over the past 5 years.
Debt Coverage: 3454's debt is well covered by operating cash flow (175.7%).
Interest Coverage: 3454's interest payments on its debt are well covered by EBIT (103.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Vivotek's current dividend yield, its reliability and sustainability?
3.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3454's dividend (3.41%) is higher than the bottom 25% of dividend payers in the TW market (2.46%).
High Dividend: 3454's dividend (3.41%) is low compared to the top 25% of dividend payers in the TW market (5.48%).
Stability and Growth of Payments
Stable Dividend: 3454's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3454's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.6%), 3454'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Wen Chang Chen
8.42yrs
Tenure
Wen Chang Chen has been Chairman and President of Vivotek Inc since June 27, 2000 and January 1, 2012 respectively.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman and President | 8.42yrs | no data | 1.41% NT$90.2m | |
| Executive Vice President | 7.5yrs | no data | 0.18% NT$11.4m | |
| Vice President of International Business Division and Director | 15yrs | no data | no data |
7.5yrs
Average Tenure
Experienced Management: 3454's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman and President | 8.42yrs | no data | 1.41% NT$90.2m | |
| Vice President of International Business Division and Director | 15yrs | no data | no data | |
| Director | 15.92yrs | no data | no data | |
| Independent Director | 15yrs | no data | no data | |
| Director | 17yrs | no data | no data | |
| Independent Supervisor | 17yrs | no data | no data | |
| Supervisor | 15yrs | no data | no data | |
| Vice Chairman | 20yrs | no data | 0.85% NT$54.2m | |
| Independent Director | 14.75yrs | no data | no data | |
| Director | no data | no data | 0.0026% NT$164.2k |
15.9yrs
Average Tenure
Experienced Board: 3454's board of directors are seasoned and experienced ( 15.9 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
Vivotek Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Vivotek Inc.
- Ticker: 3454
- Exchange: TSEC
- Founded: 2000
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: NT$6.388b
- Shares outstanding: 87.03m
- Website: https://www.vivotek.com
Location
- Vivotek Inc.
- No. 192, Lien-Cheng Road
- 6th Floor
- New Taipei City
- 23553
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3454 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Mar 2005 |
Biography
Vivotek Inc. provides security surveillance solutions worldwide. The company develops IP surveillance solutions that comprise network cameras, video servers and receivers, network video recorders, video management software, application software, and power over Ethernet switches, as well as offers cloud services. It also provides accessories comprising mounting kits, enclosures, covers, lens, power supply and box products, cables, joysticks, cabinets, cabinet accessories, storage products, water tanks, illuminators, and connectors. The company sells its products and services through distributors in 116 countries. Vivotek Inc. was founded in 2000 and is headquartered in New Taipei City, Taiwan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 16:26 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.