TSEC:5283

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Heran Co., Ltd. manufactures and sells home appliances in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 5283 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 5283's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

5283

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

22.1%

5283

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 5283 exceeded the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 5283 underperformed the TW Market which returned 28.6% over the past year.


Shareholder returns

5283IndustryMarket
7 Day-1.1%-1.6%-0.2%
30 Day16.2%9.1%8.8%
90 Day29.9%21.8%20.6%
1 Year33.5%22.1%20.2%16.1%33.1%28.6%
3 Year64.0%28.9%31.4%15.8%55.3%37.8%
5 Year499.0%352.6%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Heran 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: 5283 (NT$132.5) is trading below our estimate of fair value (NT$607.6)

Significantly Below Fair Value: 5283 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 5283 is good value based on its PE Ratio (10.8x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 5283 is good value based on its PE Ratio (10.8x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5283's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5283 is overvalued based on its PB Ratio (2.4x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is Heran forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.0%

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 Heran 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

Past Performance

How has Heran performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5283 has high quality earnings.

Growing Profit Margin: 5283's current net profit margins (15.1%) are higher than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: 5283's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: 5283's earnings growth over the past year (17.1%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: 5283 earnings growth over the past year (17.1%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 5283's Return on Equity (22.8%) is considered high.


Next Steps

Financial Health

How is Heran's financial position?


Financial Position Analysis

Short Term Liabilities: 5283's short term assets (NT$3.8B) exceed its short term liabilities (NT$1.6B).

Long Term Liabilities: 5283's short term assets (NT$3.8B) exceed its long term liabilities (NT$41.2M).


Debt to Equity History and Analysis

Debt Level: 5283 is debt free.

Reducing Debt: 5283 has no debt compared to 5 years ago when its debt to equity ratio was 20.6%.

Debt Coverage: 5283 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 5283 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Heran current dividend yield, its reliability and sustainability?

6.04%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 5283's dividend (6.04%) is higher than the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 5283's dividend (6.04%) is in the top 25% of dividend payers in the TW market (5.17%)


Stability and Growth of Payments

Stable Dividend: 5283 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 5283's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), 5283's dividend payments are well 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?


CEO

Rong Cong Chen

no data

Tenure

Mr. Rong Cong Chen is General Manager of Heran Co., Ltd. Mr. Chen studied at National Chin-Yi University of Technology. Mr. Chen is General Manager of Ranso Co., Ltd., General Manager of Taiwan Electric Co...


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

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


Key Information

  • Name: Heran Co., Ltd.
  • Ticker: 5283
  • Exchange: TSEC
  • Founded: 2002
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: NT$9.563b
  • Shares outstanding: 73.00m
  • Website: https://www.heran.com.tw

Location

  • Heran Co., Ltd.
  • No. 88, Keji 3rd Road
  • Guishan Township
  • Taoyuan City
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5283TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDOct 2012

Biography

Heran Co., Ltd. manufactures and sells home appliances in Taiwan. The company offers air conditioning products; audio-visual appliances, such as UHD LED products, full HD LED products, and LCD peripherals;...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:34
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.