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2385

Chicony ElectronicsTWSE:2385 Stock Report

Last Price

NT$90.30

Market Cap

NT$63.6b

7D

2.6%

1Y

4.4%

Updated

20 Jan, 2022

Data

Company Financials +
2385 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends6/6

2385 Stock Overview

Chicony Electronics Co., Ltd. manufactures and sells keyboards and other computer peripheral components in Taiwan and internationally.

Chicony Electronics Competitors

Lite-On Technology

TWSE:2301

NT$145.2b

Delta Electronics

TWSE:2308

NT$714.3b

AcBel Polytech

TWSE:6282

NT$17.6b

FSP Technology

TWSE:3015

NT$8.2b

Price History & Performance

Summary of all time highs, changes and price drops for Chicony Electronics
Historical stock prices
Current Share PriceNT$90.30
52 Week HighNT$107.00
52 Week LowNT$75.90
Beta0.29
1 Month Change10.66%
3 Month Change13.87%
1 Year Change4.39%
3 Year Change31.83%
5 Year Change23.75%
Change since IPO468.86%

Recent News & Updates

Apr 19
Returns on Capital Paint A Bright Future For Chicony Electronics (TPE:2385)

Returns on Capital Paint A Bright Future For Chicony Electronics (TPE:2385)

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

2385TW TechTW Market
7D2.6%0.5%-0.8%
1Y4.4%15.9%16.7%

Return vs Industry: 2385 underperformed the TW Tech industry which returned 15.9% over the past year.

Return vs Market: 2385 underperformed the TW Market which returned 16.7% over the past year.

Price Volatility

Is 2385's price volatile compared to industry and market?
2385 volatility
2385 Average Weekly Movement1.8%
Tech Industry Average Movement4.5%
Market Average Movement4.3%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.7%

Stable Share Price: 2385 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 2385's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/aRoger Luhttps://www.chicony.com.tw

Chicony Electronics Co., Ltd. manufactures and sells keyboards and other computer peripheral components in Taiwan and internationally. It offers input devices, including ergonomic, wired entry, wired multimedia, 2.4G wireless combo, Bluetooth, and smart card keyboards; mobile keyboards; and camera modules. The company also provides video image products, such as action cams, dash cams, outdoor IP cams, and zoom camcorders, as well as wearable cams and porch IP cams; and automotive electronic, such as image systems and LED lighting products.

Chicony Electronics Fundamentals Summary

How do Chicony Electronics's earnings and revenue compare to its market cap?
2385 fundamental statistics
Market CapNT$63.64b
Earnings (TTM)NT$5.74b
Revenue (TTM)NT$103.23b

11.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2385 income statement (TTM)
RevenueNT$103.23b
Cost of RevenueNT$85.10b
Gross ProfitNT$18.14b
ExpensesNT$12.40b
EarningsNT$5.74b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.11
Gross Margin17.57%
Net Profit Margin5.56%
Debt/Equity Ratio11.7%

How did 2385 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is Chicony Electronics 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: 2385 (NT$90.3) is trading below our estimate of fair value (NT$488.82)

Significantly Below Fair Value: 2385 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2385 is good value based on its PE Ratio (11.1x) compared to the TW Tech industry average (15.6x).

PE vs Market: 2385 is good value based on its PE Ratio (11.1x) compared to the TW market (17x).


Price to Earnings Growth Ratio

PEG Ratio: 2385 is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: 2385 is overvalued based on its PB Ratio (2.3x) compared to the TW Tech industry average (1.7x).


Future Growth

How is Chicony Electronics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2385's forecast earnings growth (6.6% per year) is above the savings rate (0.8%).

Earnings vs Market: 2385's earnings (6.6% per year) are forecast to grow slower than the TW market (9.8% per year).

High Growth Earnings: 2385's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2385's revenue (6.6% per year) is forecast to grow slower than the TW market (10.1% per year).

High Growth Revenue: 2385's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2385's Return on Equity is forecast to be high in 3 years time (20.4%)


Past Performance

How has Chicony Electronics performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2385 has high quality earnings.

Growing Profit Margin: 2385's current net profit margins (5.6%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: 2385's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: 2385's earnings growth over the past year (5%) is below its 5-year average (12.3% per year).

Earnings vs Industry: 2385 earnings growth over the past year (5%) underperformed the Tech industry 26.3%.


Return on Equity

High ROE: 2385's Return on Equity (21.1%) is considered high.


Financial Health

How is Chicony Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 2385's short term assets (NT$58.0B) exceed its short term liabilities (NT$47.5B).

Long Term Liabilities: 2385's short term assets (NT$58.0B) exceed its long term liabilities (NT$1.0B).


Debt to Equity History and Analysis

Debt Level: 2385 has more cash than its total debt.

Reducing Debt: 2385's debt to equity ratio has reduced from 24.5% to 11.7% over the past 5 years.

Debt Coverage: 2385's debt is well covered by operating cash flow (136.6%).

Interest Coverage: 2385 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Chicony Electronics's current dividend yield, its reliability and sustainability?

6.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2385's dividend (6.09%) is higher than the bottom 25% of dividend payers in the TW market (1.87%).

High Dividend: 2385's dividend (6.09%) is in the top 25% of dividend payers in the TW market (5.02%)


Stability and Growth of Payments

Stable Dividend: 2385's dividends per share have been stable in the past 10 years.

Growing Dividend: 2385's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.6%), 2385's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2385's dividends in 3 years are forecast to be covered by earnings (72.4% payout ratio).


Next Steps

Management

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

11.6yrs

Average board tenure


CEO

Roger Lu

5.08yrs

Tenure

Mr. Chin-Chung Lu, also known as Roger, serves as a Director of Newmax Technology Co., Ltd since October 31, 2017. He served as an Executive Vice President and Chief Marketing Officer at Chicony Electronic...


Board Members

Experienced Board: 2385's board of directors are seasoned and experienced ( 11.6 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

Chicony Electronics Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Chicony Electronics Co., Ltd.
  • Ticker: 2385
  • Exchange: TWSE
  • Founded: 1983
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: NT$63.643b
  • Shares outstanding: 707.93m
  • Website: https://www.chicony.com.tw

Number of Employees


Location

  • Chicony Electronics Co., Ltd.
  • No. 69, Guangfu. Road
  • Section 2
  • New Taipei City
  • 24158
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 08:31
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
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.