TSEC:3533

Stock Analysis Report

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Executive Summary

Lotes Co., Ltd designs, manufactures, and sells connectors and CPU sockets for notebook and personal computers, mobile electronic devices, etc. More Details

Rewards

Earnings are forecast to grow 25.38% per year

Earnings grew by 37.3% over the past year

Risk Analysis

No risks detected for 3533 from our risk checks.


Snowflake Analysis

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3533 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3533's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-5.2%

3533

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

52.5%

3533

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 3533 exceeded the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 3533 exceeded the TW Market which returned 28.6% over the past year.


Shareholder returns

3533IndustryMarket
7 Day-5.2%-1.6%-0.2%
30 Day14.0%9.1%8.8%
90 Day11.5%21.8%20.6%
1 Year56.1%52.5%20.2%16.1%33.1%28.6%
3 Year211.7%186.3%31.4%15.8%55.3%37.8%
5 Year426.0%349.8%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3533 (NT$524) is trading above our estimate of fair value (NT$364.9)

Significantly Below Fair Value: 3533 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3533 is poor value based on its PE Ratio (20.2x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 3533 is poor value based on its PE Ratio (20.2x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 3533 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 3533 is overvalued based on its PB Ratio (4.3x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is Lotes forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3533's forecast earnings growth (25.4% per year) is above the savings rate (0.8%).

Earnings vs Market: 3533's earnings (25.4% per year) are forecast to grow faster than the TW market (18.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3533's revenue (14.7% per year) is forecast to grow faster than the TW market (11.1% per year).

High Growth Revenue: 3533's revenue (14.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3533's Return on Equity is forecast to be high in 3 years time (26.2%)


Next Steps

Past Performance

How has Lotes performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3533 has high quality earnings.

Growing Profit Margin: 3533's current net profit margins (16.2%) are higher than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: 3533's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: 3533's earnings growth over the past year (37.3%) exceeds its 5-year average (29.4% per year).

Earnings vs Industry: 3533 earnings growth over the past year (37.3%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 3533's Return on Equity (20.4%) is considered high.


Next Steps

Financial Health

How is Lotes's financial position?


Financial Position Analysis

Short Term Liabilities: 3533's short term assets (NT$13.6B) exceed its short term liabilities (NT$5.3B).

Long Term Liabilities: 3533's short term assets (NT$13.6B) exceed its long term liabilities (NT$273.6M).


Debt to Equity History and Analysis

Debt Level: 3533's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: 3533's debt to equity ratio has reduced from 11.8% to 5.7% over the past 5 years.

Debt Coverage: 3533's debt is well covered by operating cash flow (487.1%).

Interest Coverage: 3533 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

2.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3533's dividend (2%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 3533's dividend (2%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 3533's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3533's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.4%), 3533's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3533's dividends in 3 years are forecast to be well covered by earnings (44.4% payout ratio).


Next Steps

Management

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

10.6yrs

Average board tenure


CEO

Te-Yu Ho

no data

Tenure

Mr. Te-Yu Ho serves as President at Lotes Co., Ltd. He serves as Director at Lotes Co., Ltd since October 2004. He serves as President at Lotes Co., Ltd, Chairperson at Jinling Investment Co., Ltd, Chairp...


Board Members

NamePositionTenureCompensationOwnership
Te-Yu Ho
President & Directorno datano datano data
Ming-Jui Tsai
Senior VP of Sales & Director10.58yrsno datano data
Wen Ming Yang
Supervisor14.08yrsno datano data
Ming-Sung Cheng
Supervisor7.58yrsno datano data
Jui-Ching Hu
Independent Director7.58yrsno datano data
Chang-Min Chin
Director7.58yrsno datano data
Kun-Yao Chang
Supervisor16.25yrsno datano data
Chia-Ying Hsieh
Independent Director7.58yrsno datano data
Te-Hsiang Chu
Chairperson16.25yrsno datano data

10.6yrs

Average Tenure

Experienced Board: 3533's board of directors are seasoned and experienced ( 10.6 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

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


Key Information

  • Name: Lotes Co., Ltd
  • Ticker: 3533
  • Exchange: TSEC
  • Founded: 1986
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$54.533b
  • Shares outstanding: 103.48m
  • Website: https://www.lotes.cc

Location

  • Lotes Co., Ltd
  • No. 15, Wuxun Street
  • Anle District
  • Keelung
  • 20446
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3533TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDNov 2006

Biography

Lotes Co., Ltd designs, manufactures, and sells connectors and CPU sockets for notebook and personal computers, mobile electronic devices, etc. under the LOTES brand in Taiwan, Mainland China, and internat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:41
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
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.