TSEC:6669

Stock Analysis Report

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Executive Summary

Wiwynn Corporation researches, designs, develops, tests, and sells computing and storage products, and rack solutions for cloud infrastructures and data centers in Taiwan, the United States, Europe, Asia, and internationally. More Details


Snowflake Analysis

Proven track record with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6669 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6669's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

16.6%

6669

-2.1%

TW Tech

-0.2%

TW Market


1 Year Return

24.0%

6669

11.7%

TW Tech

28.6%

TW Market

Return vs Industry: 6669 exceeded the TW Tech industry which returned 11.7% over the past year.

Return vs Market: 6669 underperformed the TW Market which returned 28.6% over the past year.


Shareholder returns

6669IndustryMarket
7 Day16.6%-2.1%-0.2%
30 Day30.3%3.6%8.8%
90 Day18.7%10.1%20.6%
1 Year27.5%24.0%16.8%11.7%33.1%28.6%
3 Year646.0%551.2%26.5%9.6%55.3%37.8%
5 Yearn/a66.3%31.5%135.7%94.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6669 (NT$894) is trading above our estimate of fair value (NT$640.15)

Significantly Below Fair Value: 6669 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6669 is poor value based on its PE Ratio (20x) compared to the TW Tech industry average (14.4x).

PE vs Market: 6669 is poor value based on its PE Ratio (20x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6669 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 6669 is overvalued based on its PB Ratio (7.1x) compared to the TW Tech industry average (1.6x).


Next Steps

Future Growth

How is Wiwynn forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6669's forecast earnings growth (15.3% per year) is above the savings rate (0.8%).

Earnings vs Market: 6669's earnings (15.3% per year) are forecast to grow slower than the TW market (18.7% per year).

High Growth Earnings: 6669's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6669's revenue (16% per year) is forecast to grow faster than the TW market (11.1% per year).

High Growth Revenue: 6669's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6669's Return on Equity is forecast to be high in 3 years time (35.8%)


Next Steps

Past Performance

How has Wiwynn performed over the past 5 years?

51.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6669 has a high level of non-cash earnings.

Growing Profit Margin: 6669's current net profit margins (4.3%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: 6669's earnings have grown significantly by 51.2% per year over the past 5 years.

Accelerating Growth: 6669's earnings growth over the past year (42.1%) is below its 5-year average (51.2% per year).

Earnings vs Industry: 6669 earnings growth over the past year (42.1%) exceeded the Tech industry 10.5%.


Return on Equity

High ROE: 6669's Return on Equity (35.8%) is considered high.


Next Steps

Financial Health

How is Wiwynn's financial position?


Financial Position Analysis

Short Term Liabilities: 6669's short term assets (NT$58.4B) exceed its short term liabilities (NT$37.9B).

Long Term Liabilities: 6669's short term assets (NT$58.4B) exceed its long term liabilities (NT$316.7M).


Debt to Equity History and Analysis

Debt Level: 6669's debt to equity ratio (71.3%) is considered high.

Reducing Debt: 6669's debt to equity ratio has increased from 17.1% to 71.3% over the past 5 years.

Debt Coverage: 6669's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6669's interest payments on its debt are well covered by EBIT (36.4x coverage).


Balance Sheet


Next Steps

Dividend

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

4.00%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6669's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6669's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6669's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6669's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6669 is not paying a notable dividend for the TW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6669's dividend in 3 years as they are not forecast to pay a notable one for the TW market.


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Emily Hong (62 yo)

0.42

Tenure

Ms. Emily Hong serves as Chief Executive Officer of Wiwynn Corporation since August 07, 2020 and served as its President until August 07, 2020. Ms. Hong serves as Vice Chairman of Wiwynn Corporation. Ms. H...


Leadership Team

NamePositionTenureCompensationOwnership
Emily Hong
CEO & Vice Chairman0.42yrno data2.24%
NT$ 3.3b
Sunlai Chang
President & Directorno datano data0.35%
NT$ 510.8m
Harry Chen
CFO & Corporate Governance Officerno datano datano data
Joe Chiao
Vice President of Sales & Account Management1yrno datano data
Yu-Zhou Jiao
Deputy General Managerno datano data0.54%
NT$ 784.5m
Rui-Wu Wang
Deputy General Managerno datano data0.29%
NT$ 422.4m
Shun-Xing Lv
Deputy General Managerno datano data0.51%
NT$ 740.9m
Steven Lu
Senior Vice President of Product Development1yrno datano data

0.7yrs

Average Tenure

Experienced Management: 6669's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


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

Wiwynn Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wiwynn Corporation
  • Ticker: 6669
  • Exchange: TSEC
  • Founded: 2012
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$145.642b
  • Shares outstanding: 174.84m
  • Website: https://www.wiwynn.com

Number of Employees


Location

  • Wiwynn Corporation
  • 90, Xintai 5th Road
  • 8th Floor
  • New Taipei City
  • 22102
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6669TSEC (Taiwan Stock Exchange)YesOrdinary SharesTWTWDNov 2017

Biography

Wiwynn Corporation researches, designs, develops, tests, and sells computing and storage products, and rack solutions for cloud infrastructures and data centers in Taiwan, the United States, Europe, Asia, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:37
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.