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Catcher Technology

Market Cap

NT$145.5b

Last Updated

2021/05/11 08:38 UTC

Data Sources

Company Financials +

Executive Summary

Catcher Technology Co., Ltd., together with its subsidiaries, manufactures and sells aluminum and magnesium extrusions, and stamping products and molds in Taiwan and China. More Details


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2474 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2474's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

2474

-0.3%

TW Tech

-0.05%

TW Market


1 Year Return

-21.2%

2474

32.9%

TW Tech

55.5%

TW Market

Return vs Industry: 2474 underperformed the TW Tech industry which returned 32.9% over the past year.

Return vs Market: 2474 underperformed the TW Market which returned 55.5% over the past year.


Shareholder returns

2474IndustryMarket
7 Day-1.6%-0.3%-0.05%
30 Day-9.7%-0.5%1.1%
90 Day-2.9%12.2%9.1%
1 Year-17.1%-21.2%39.2%32.9%60.8%55.5%
3 Year-38.5%-46.3%52.8%31.9%74.5%54.4%
5 Year4.0%-15.6%97.8%55.2%155.5%110.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2474 (NT$186) is trading below our estimate of fair value (NT$230.1)

Significantly Below Fair Value: 2474 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2474 is good value based on its PE Ratio (7.2x) compared to the TW Tech industry average (17.8x).

PE vs Market: 2474 is good value based on its PE Ratio (7.2x) compared to the TW market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: 2474's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 2474 is good value based on its PB Ratio (0.9x) compared to the TW Tech industry average (1.9x).


Future Growth

How is Catcher Technology forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

-3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2474's earnings are forecast to decline over the next 3 years (-3.2% per year).

Earnings vs Market: 2474's earnings are forecast to decline over the next 3 years (-3.2% per year).

High Growth Earnings: 2474's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 2474's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: 2474's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2474's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has Catcher Technology performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2474 has a large one-off gain of NT$26.0B impacting its March 31 2021 financial results.

Growing Profit Margin: 2474's current net profit margins (25.4%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: 2474's earnings have declined by 8.1% per year over the past 5 years.

Accelerating Growth: 2474's earnings growth over the past year (46.1%) exceeds its 5-year average (-8.1% per year).

Earnings vs Industry: 2474 earnings growth over the past year (46.1%) exceeded the Tech industry 25.4%.


Return on Equity

High ROE: 2474's Return on Equity (12.3%) is considered low.


Financial Health

How is Catcher Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2474's short term assets (NT$198.3B) exceed its short term liabilities (NT$83.8B).

Long Term Liabilities: 2474's short term assets (NT$198.3B) exceed its long term liabilities (NT$6.6B).


Debt to Equity History and Analysis

Debt Level: 2474's debt to equity ratio (43.7%) is considered high.

Reducing Debt: 2474's debt to equity ratio has increased from 20.7% to 43.7% over the past 5 years.

Debt Coverage: 2474's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: 2474 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Catcher Technology current dividend yield, its reliability and sustainability?

5.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2474's dividend (5.38%) is higher than the bottom 25% of dividend payers in the TW market (1.97%).

High Dividend: 2474's dividend (5.38%) is in the top 25% of dividend payers in the TW market (4.84%)


Stability and Growth of Payments

Stable Dividend: 2474's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2474's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.6%), 2474's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2474's dividends in 3 years are forecast to be covered by earnings (68.8% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Allen Hung

5.33yrs

Tenure

Mr. Shui-Shu Hung, also known as Allen, was the President of Cementos Molins SA. Mr. Hung has been the Chief Executive Officer of Catcher Technology Co., Ltd., since January 01, 2016. He served as the Pre...


Leadership Team

Experienced Management: 2474's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: 2474's board of directors are not considered experienced ( 1.9 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

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


Top Shareholders

Company Information

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


Key Information

  • Name: Catcher Technology Co., Ltd.
  • Ticker: 2474
  • Exchange: TWSE
  • Founded: 1984
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$145.469b
  • Shares outstanding: 761.62m
  • Website: https://www.catcher.com.tw/

Number of Employees


Location

  • Catcher Technology Co., Ltd.
  • No 398, RenAi Street
  • Yongkang District
  • Tainan City
  • 710
  • Taiwan

Listings


Biography

Catcher Technology Co., Ltd., together with its subsidiaries, manufactures and sells aluminum and magnesium extrusions, and stamping products and molds in Taiwan and China. It offers casing, internal compo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/11 08:38
End of Day Share Price2021/05/11 00:00
Earnings2021/03/31
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.