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2327

Yageo TWSE:2327 Stock Report

Last Price

NT$282.00

Market Cap

NT$150.0b

7D

-14.0%

1Y

-49.3%

Updated

01 Jul, 2022

Data

Company Financials +
2327 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends4/6

2327 Stock Overview

Yageo Corporation engages in the manufacture and sale of passive components in China, Europe, the United States, and rest of Asia.

Yageo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yageo
Historical stock prices
Current Share PriceNT$282.00
52 Week HighNT$615.00
52 Week LowNT$282.00
Beta1.54
1 Month Change-30.37%
3 Month Change-33.80%
1 Year Change-49.28%
3 Year Change1.44%
5 Year Change134.92%
Change since IPO-27.47%

Recent News & Updates

Shareholder Returns

2327TW ElectronicTW Market
7D-14.0%-1.5%-2.3%
1Y-49.3%-15.6%-16.0%

Return vs Industry: 2327 underperformed the TW Electronic industry which returned -15.6% over the past year.

Return vs Market: 2327 underperformed the TW Market which returned -16% over the past year.

Price Volatility

Is 2327's price volatile compared to industry and market?
2327 volatility
2327 Average Weekly Movement4.8%
Electronic Industry Average Movement5.1%
Market Average Movement4.8%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.3%

Stable Share Price: 2327 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2327's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977n/aDavid Wanghttps://www.yageo.com

Yageo Corporation engages in the manufacture and sale of passive components in China, Europe, the United States, and rest of Asia. It offers chip resistors, including automotive, current sensing, anti-sulfurated, thin film, thick film precision and general purpose, array/network, high voltage, surge, lead free, Ni/Au termination, RF attenuator, and trimmable; and MLCCs, such as general purpose, automotive, high frequency, soft termination, miniaturization, array, and low inductance. The company also provides through-hole resistors comprising carbon film, metal film, MELF, metal glazed film, metal oxide film, zero and low ohmic, jumper wire, cement, aluminum housed, wire wound, and other resistors; and wireless components consisting of antennas, LTCC filters, and X2Y.

Yageo Fundamentals Summary

How do Yageo's earnings and revenue compare to its market cap?
2327 fundamental statistics
Market CapNT$150.05b
Earnings (TTM)NT$24.12b
Revenue (TTM)NT$108.65b

6.2x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2327 income statement (TTM)
RevenueNT$108.65b
Cost of RevenueNT$64.69b
Gross ProfitNT$43.96b
Other ExpensesNT$19.84b
EarningsNT$24.12b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)45.33
Gross Margin40.46%
Net Profit Margin22.20%
Debt/Equity Ratio84.8%

How did 2327 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

21%

Payout Ratio

Does 2327 pay a reliable dividends?

See 2327 dividend history and benchmarks
When do you need to buy 2327 by to receive an upcoming dividend?
Yageo dividend dates
Ex Dividend DateJul 04 2022
Dividend Pay DateJul 22 2022
Days until Ex dividend2 days
Days until Dividend pay date20 days

Does 2327 pay a reliable dividends?

See 2327 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 2327 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2327?

Other financial metrics that can be useful for relative valuation.

2327 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA5.2x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does 2327's PE Ratio compare to its peers?

2327 PE Ratio vs Peers
The above table shows the PE ratio for 2327 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.3x
8046 Nan Ya Printed Circuit Board
12.2x31.2%NT$157.7b
2409 AUO
2.6x-30.7%NT$144.1b
8069 E Ink Holdings
35.6x37.6%NT$215.0b
3481 Innolux
2.6x-71.0%NT$122.5b
2327 Yageo
6.2x10.0%NT$150.0b

Price-To-Earnings vs Peers: 2327 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (13.3x).


Price to Earnings Ratio vs Industry

How does 2327's PE Ratio compare vs other companies in the TW Electronic Industry?

Price-To-Earnings vs Industry: 2327 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the TW Electronic industry average (12.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2327's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2327 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: 2327 is good value based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).


Share Price vs Fair Value

What is the Fair Price of 2327 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2327 (NT$282) is trading below our estimate of fair value (NT$765.65)

Significantly Below Fair Value: 2327 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 2327 is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Yageo forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2327's forecast earnings growth (10% per year) is above the savings rate (0.7%).

Earnings vs Market: 2327's earnings (10% per year) are forecast to grow faster than the TW market (7% per year).

High Growth Earnings: 2327's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2327's revenue (7.5% per year) is forecast to grow slower than the TW market (7.6% per year).

High Growth Revenue: 2327's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2327's Return on Equity is forecast to be high in 3 years time (24.1%)


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Past Performance

How has Yageo performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2327 has high quality earnings.

Growing Profit Margin: 2327's current net profit margins (22.2%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: 2327's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: 2327's earnings growth over the past year (64.2%) exceeds its 5-year average (11.5% per year).

Earnings vs Industry: 2327 earnings growth over the past year (64.2%) exceeded the Electronic industry 36.3%.


Return on Equity

High ROE: 2327's Return on Equity (22.6%) is considered high.


Discover strong past performing companies

Financial Health

How is Yageo's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2327's short term assets (NT$108.7B) exceed its short term liabilities (NT$85.1B).

Long Term Liabilities: 2327's short term assets (NT$108.7B) exceed its long term liabilities (NT$65.0B).


Debt to Equity History and Analysis

Debt Level: 2327's net debt to equity ratio (33.7%) is considered satisfactory.

Reducing Debt: 2327's debt to equity ratio has increased from 70.4% to 84.8% over the past 5 years.

Debt Coverage: 2327's debt is well covered by operating cash flow (29.1%).

Interest Coverage: 2327 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.58%

Current Dividend Yield

Upcoming Dividend Payment

TodayJul 01 2022Ex Dividend DateJul 04 2022Dividend Pay DateJul 22 202218 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2327's dividend (3.58%) is higher than the bottom 25% of dividend payers in the TW market (2.64%).

High Dividend: 2327's dividend (3.58%) is low compared to the top 25% of dividend payers in the TW market (6.47%).


Stability and Growth of Payments

Stable Dividend: 2327's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2327's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.1%), 2327's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (34%), 2327's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

1.4yrs

Average management tenure


CEO

David Wang

1.42yrs

Tenure

NT$51,994,000

Compensation

Mr. Deng-Rue Wang, also known as David, has been General Manager at Yageo Corporation since May 4, 2020 and serves as its Director and serves as its Co-Chief Executive Officer since 2021 and served as its...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.75M) is above average for companies of similar size in the TW market ($USD231.78K).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 2327's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 2327's board of directors are seasoned and experienced ( 10 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 been diluted in the past year, with total shares outstanding growing by 8.2%.


Top Shareholders

Company Information

Yageo Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Yageo Corporation
  • Ticker: 2327
  • Exchange: TWSE
  • Founded: 1977
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: NT$150.048b
  • Shares outstanding: 532.08m
  • Website: https://www.yageo.com

Number of Employees


Location

  • Yageo Corporation
  • 233-1, Baoqiao Road
  • 3rd Floor
  • New Taipei City
  • 23145
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.