Executive Summary
TPK Holding Co., Ltd., together with its subsidiaries, designs, develops, and markets touch solutions in Taiwan and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 5.9% per year for the next 3 years
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has TPK Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3673 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 3673's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
3673
1.4%
TW Electronic
1.9%
TW Market
1 Year Return
28.4%
3673
63.6%
TW Electronic
66.4%
TW Market
Return vs Industry: 3673 underperformed the TW Electronic industry which returned 63.6% over the past year.
Return vs Market: 3673 underperformed the TW Market which returned 66.4% over the past year.
Shareholder returns
| 3673 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 1.4% | 1.9% |
| 30 Day | -1.6% | 5.8% | 4.8% |
| 90 Day | 9.4% | 12.3% | 9.9% |
| 1 Year | 28.4%28.4% | 69.5%63.6% | 72.2%66.4% |
| 3 Year | -32.8%-36.1% | 56.7%37.8% | 71.1%51.6% |
| 5 Year | -23.1%-26.9% | 114.7%75.7% | 132.3%91.0% |
Long-Term Price Volatility Vs. Market
How volatile is TPK Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Did You Miss TPK Holding's (TPE:3673) 41% Share Price Gain?1 month ago | Simply Wall St
Party Time: Brokers Just Made Major Increases To Their TPK Holding Co., Ltd. (TPE:3673) Earnings Forecasts1 month ago | Simply Wall St
Is Now An Opportune Moment To Examine TPK Holding Co., Ltd. (TPE:3673)?Valuation
Is TPK Holding 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: 3673 (NT$49.5) is trading below our estimate of fair value (NT$124.71)
Significantly Below Fair Value: 3673 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3673 is good value based on its PE Ratio (19.5x) compared to the TW Electronic industry average (20.2x).
PE vs Market: 3673 is good value based on its PE Ratio (19.5x) compared to the TW market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: 3673's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 3673 is good value based on its PB Ratio (0.5x) compared to the TW Electronic industry average (1.9x).
Future Growth
How is TPK Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
-5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3673's earnings are forecast to decline over the next 3 years (-5.9% per year).
Earnings vs Market: 3673's earnings are forecast to decline over the next 3 years (-5.9% per year).
High Growth Earnings: 3673's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 3673's revenue is expected to decline over the next 3 years (-3.5% per year).
High Growth Revenue: 3673's revenue is forecast to decline over the next 3 years (-3.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3673's Return on Equity is forecast to be low in 3 years time (2.3%).
Past Performance
How has TPK Holding performed over the past 5 years?
79.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3673 has a large one-off gain of NT$413.1M impacting its December 31 2020 financial results.
Growing Profit Margin: 3673's current net profit margins (0.9%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: 3673 has become profitable over the past 5 years, growing earnings by 79.8% per year.
Accelerating Growth: 3673's earnings growth over the past year (393.3%) exceeds its 5-year average (79.8% per year).
Earnings vs Industry: 3673 earnings growth over the past year (393.3%) exceeded the Electronic industry 19.6%.
Return on Equity
High ROE: 3673's Return on Equity (2.8%) is considered low.
Financial Health
How is TPK Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 3673's short term assets (NT$54.1B) exceed its short term liabilities (NT$29.0B).
Long Term Liabilities: 3673's short term assets (NT$54.1B) exceed its long term liabilities (NT$17.8B).
Debt to Equity History and Analysis
Debt Level: 3673's debt to equity ratio (49.8%) is considered high.
Reducing Debt: 3673's debt to equity ratio has reduced from 187.4% to 49.8% over the past 5 years.
Debt Coverage: 3673's debt is well covered by operating cash flow (35.8%).
Interest Coverage: 3673 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is TPK Holding current dividend yield, its reliability and sustainability?
2.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3673's dividend (2.02%) is higher than the bottom 25% of dividend payers in the TW market (1.99%).
High Dividend: 3673's dividend (2.02%) is low compared to the top 25% of dividend payers in the TW market (4.8%).
Stability and Growth of Payments
Stable Dividend: 3673 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3673 has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), 3673's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3673's dividends in 3 years are forecast to be well covered by earnings (45.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Leo Hsieh (56 yo)
2.33yrs
Tenure
Mr. Li-Chien Hsieh, also known as Leo, serves as President and CEO of TPK Holding Co., Ltd. since December 1, 2018 and its Director since January 8, 2010. He served at Lite-On Technology Corporation for 11...
Leadership Team
Experienced Management: 3673's management team is considered experienced (3.6 years average tenure).
Board Members
Experienced Board: 3673's board of directors are seasoned and experienced ( 11.3 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
TPK Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TPK Holding Co., Ltd.
- Ticker: 3673
- Exchange: TSEC
- Founded: 2003
- Industry: Electronic Components
- Sector: Tech
- Market Cap: NT$20.130b
- Shares outstanding: 406.66m
- Website: https://www.tpk.com
Number of Employees
Location
- TPK Holding Co., Ltd.
- No.13-18, Minquan East Road
- Sec. 6
- Taipei
- 114
- Taiwan
Listings
Biography
TPK Holding Co., Ltd., together with its subsidiaries, designs, develops, and markets touch solutions in Taiwan and internationally. It offers various types of structure products, such as glass-glass and g...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 08:54 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.