company background image
2419

Hitron Technologies TWSE:2419 Stock Report

Last Price

NT$26.55

Market Cap

NT$8.5b

7D

-6.0%

1Y

39.4%

Updated

25 Sep, 2022

Data

Company Financials
2419 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends1/6

2419 Stock Overview

Hitron Technologies Inc., together with its subsidiaries, offers broadband access networking products and solutions in Taiwan.

Hitron Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hitron Technologies
Historical stock prices
Current Share PriceNT$26.55
52 Week HighNT$31.40
52 Week LowNT$17.25
Beta1.01
1 Month Change-7.97%
3 Month Change41.98%
1 Year Change39.37%
3 Year Change39.01%
5 Year Change7.47%
Change since IPO-75.35%

Recent News & Updates

Shareholder Returns

2419TW CommunicationsTW Market
7D-6.0%-3.3%-3.1%
1Y39.4%5.7%-17.6%

Return vs Industry: 2419 exceeded the TW Communications industry which returned 5.7% over the past year.

Return vs Market: 2419 exceeded the TW Market which returned -17.6% over the past year.

Price Volatility

Is 2419's price volatile compared to industry and market?
2419 volatility
2419 Average Weekly Movement8.8%
Communications Industry Average Movement7.0%
Market Average Movement5.0%
10% most volatile stocks in TW Market8.2%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 2419 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 2419's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1986n/aPatrick Chiuhttps://www.hitrontech.com

Hitron Technologies Inc., together with its subsidiaries, offers broadband access networking products and solutions in Taiwan. The company offers cable modems and gateways, wi-fi extenders, fiber ONT/ONUs, and 5G mobility solutions. It also provides coax and network testing tools, including wireless DOCSIS 3.1 meters; and MyMeter, a partner app that pairs with the hand-held CGN-DP3 DOCSIS 3.1 wireless meters.

Hitron Technologies Fundamentals Summary

How do Hitron Technologies's earnings and revenue compare to its market cap?
2419 fundamental statistics
Market CapNT$8.53b
Earnings (TTM)NT$293.58m
Revenue (TTM)NT$10.01b

29.1x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2419 income statement (TTM)
RevenueNT$10.01b
Cost of RevenueNT$7.70b
Gross ProfitNT$2.31b
Other ExpensesNT$2.02b
EarningsNT$293.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.91
Gross Margin23.08%
Net Profit Margin2.93%
Debt/Equity Ratio66.5%

How did 2419 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2419 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2419?

Other financial metrics that can be useful for relative valuation.

2419 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/Revenue1x
Enterprise Value/EBITDA12.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2419's PE Ratio compare to its peers?

2419 PE Ratio vs Peers
The above table shows the PE ratio for 2419 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.7x
2332 D-Link
42.9xn/aNT$9.5b
6546 AMPAK Technology
14x18.0%NT$7.9b
6245 Lanner Electronics
11.1xn/aNT$7.7b
4977 PCL Technologies
38.7x64.6%NT$7.6b
2419 Hitron Technologies
29.1xn/aNT$8.5b

Price-To-Earnings vs Peers: 2419 is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the peer average (26.7x).


Price to Earnings Ratio vs Industry

How does 2419's PE Ratio compare vs other companies in the TW Communications Industry?

Price-To-Earnings vs Industry: 2419 is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the TW Communications industry average (18.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2419'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.

2419 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2419's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2419 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2419 (NT$26.55) is trading above our estimate of fair value (NT$8.34)

Significantly Below Fair Value: 2419 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

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 Hitron Technologies 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.


Discover growth companies

  • Examine Hitron Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Hitron Technologies performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2419 has a high level of non-cash earnings.

Growing Profit Margin: 2419's current net profit margins (2.9%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: 2419's earnings have declined by 13.1% per year over the past 5 years.

Accelerating Growth: 2419's earnings growth over the past year (34.1%) exceeds its 5-year average (-13.1% per year).

Earnings vs Industry: 2419 earnings growth over the past year (34.1%) exceeded the Communications industry 28.1%.


Return on Equity

High ROE: 2419's Return on Equity (7.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Hitron Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2419's short term assets (NT$10.7B) exceed its short term liabilities (NT$7.6B).

Long Term Liabilities: 2419's short term assets (NT$10.7B) exceed its long term liabilities (NT$118.6M).


Debt to Equity History and Analysis

Debt Level: 2419's net debt to equity ratio (15.4%) is considered satisfactory.

Reducing Debt: 2419's debt to equity ratio has increased from 39.5% to 66.5% over the past 5 years.

Debt Coverage: 2419's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2419's interest payments on its debt are well covered by EBIT (31x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Hitron Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2419's dividend (1.88%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.46%).

High Dividend: 2419's dividend (1.88%) is low compared to the top 25% of dividend payers in the TW market (6.73%).


Stability and Growth of Payments

Stable Dividend: 2419's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2419's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.7%), 2419's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 2419 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

2.6yrs

Average board tenure


CEO

Patrick Chiu

1.67yrs

Tenure

Mr. Patrick Chiu is a Representative Director at Hitron Technologies Inc. since February 03, 2020 and its President since January 26, 2021. He has been Representative Director of Tollbridge Technologies, I...


Board Members

Experienced Board: 2419's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

What is the ownership structure of 2419?
Owner TypeNumber of SharesOwnership Percentage
Institutions2,508,6220.8%
Individual Insiders3,668,6881.1%
General Public115,139,91935.8%
Public Companies200,000,00062.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 64.17% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
62.24%
Alpha Networks Inc.
200,000,000NT$5.3b0%no data
0.91%
Yen Wei Cheng
2,925,986NT$77.7m0%no data
0.77%
Dimensional Fund Advisors LP
2,463,622NT$65.4m0.35%no data
0.23%
Mei-Lan Liu
742,702NT$19.7m0%no data
0.014%
American Century Investment Management Inc
45,000NT$1.2m0%no data

Company Information

Hitron Technologies Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hitron Technologies Inc.
  • Ticker: 2419
  • Exchange: TWSE
  • Founded: 1986
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: NT$8.531b
  • Shares outstanding: 321.32m
  • Website: https://www.hitrontech.com

Location

  • Hitron Technologies Inc.
  • No. 1-8, Lihsin 1st Road
  • Hsinchu Science Park
  • Hsinchu City
  • 30078
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2419TWSE (Taiwan Stock Exchange)YesCommon StockTWTWDAug 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
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.