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Market Cap

NT$20.1b

Last Updated

2021/04/11 08:54 UTC

Data Sources

Company Financials +

Executive Summary

TPK Holding Co., Ltd., together with its subsidiaries, designs, develops, and markets touch solutions in Taiwan and internationally. More Details


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

3673IndustryMarket
7 Day-1.8%1.4%1.9%
30 Day-1.6%5.8%4.8%
90 Day9.4%12.3%9.9%
1 Year28.4%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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:54
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.