company background image
2474

Catcher TechnologyTWSE:2474 Stock Report

Market Cap

NT$116.0b

7D

-4.0%

1Y

-19.4%

Updated

24 Nov, 2021

Data

Company Financials +
2474 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends5/6

2474 Stock Overview

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

Catcher Technology Competitors

Bin Chuan Enterprise

TPEX:1569

NT$3.0b

BYD Electronic (International)

SEHK:285

HK$71.9b

Itron

NasdaqGS:ITRI

US$3.0b

Suzhou Victory Precision Manufacture

SZSE:002426

CN¥9.6b

Price History & Performance

Summary of all time highs, changes and price drops for Catcher Technology
Historical stock prices
Current Share PriceNT$155.50
52 Week HighNT$218.00
52 Week LowNT$153.50
Beta0.72
1 Month Change-5.47%
3 Month Change-11.65%
1 Year Change-19.43%
3 Year Change-37.80%
5 Year Change-32.83%
Change since IPO420.21%

Recent News & Updates

Shareholder Returns

2474TW TechTW Market
7D-4.0%-0.9%-0.5%
1Y-19.4%18.8%29.1%

Return vs Industry: 2474 underperformed the TW Tech industry which returned 18.5% over the past year.

Return vs Market: 2474 underperformed the TW Market which returned 28.8% over the past year.

Price Volatility

Is 2474's price volatile compared to industry and market?
2474 volatility
2474 Average Weekly Movement3.9%
Tech Industry Average Movement4.1%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.0%

Stable Share Price: 2474 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2474's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19844,975Allen Hunghttps://www.catcher.com.tw/

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 components, molds, and thermal modules for electronic products. The company’s products include upper case, lower case, keyboard cover, and monitor casings for notebook computers; casings for various server specifications and desktop computers; industrial computer casings and internal parts; and computer accessories, such as plugs and A/V connector casings.

Catcher Technology Fundamentals Summary

How do Catcher Technology's earnings and revenue compare to its market cap?
2474 fundamental statistics
Market CapNT$116.02b
Earnings (TTM)NT$19.08b
Revenue (TTM)NT$51.58b

6.1x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2474 income statement (TTM)
RevenueNT$51.58b
Cost of RevenueNT$35.10b
Gross ProfitNT$16.49b
Expenses-NT$2.59b
EarningsNT$19.08b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)25.57
Gross Margin31.96%
Net Profit Margin36.98%
Debt/Equity Ratio52.6%

How did 2474 perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

48%

Payout Ratio

Valuation

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

45.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2474 (NT$155.5) is trading below our estimate of fair value (NT$286.58)

Significantly Below Fair Value: 2474 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2474 is good value based on its PE Ratio (6.1x) compared to the TW Tech industry average (14.8x).

PE vs Market: 2474 is good value based on its PE Ratio (6.1x) compared to the TW market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: 2474 is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: 2474 is good value based on its PB Ratio (0.8x) compared to the TW Tech industry average (1.7x).


Future Growth

How is Catcher Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2474's forecast earnings growth (2.3% per year) is above the savings rate (0.8%).

Earnings vs Market: 2474's earnings (2.3% per year) are forecast to grow slower than the TW market (9.2% per year).

High Growth Earnings: 2474's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2474's revenue (3.2% per year) is forecast to grow slower than the TW market (9.7% per year).

High Growth Revenue: 2474's revenue (3.2% per year) is forecast to grow slower than 20% 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 (6.9%).


Past Performance

How has Catcher Technology performed over the past 5 years?

-7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2474 has a high level of non-cash earnings.

Growing Profit Margin: 2474's current net profit margins (37%) are higher than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: 2474's earnings have declined by 7.5% per year over the past 5 years.

Accelerating Growth: 2474's earnings growth over the past year (78.2%) exceeds its 5-year average (-7.5% per year).

Earnings vs Industry: 2474 earnings growth over the past year (78.2%) exceeded the Tech industry 26.3%.


Return on Equity

High ROE: 2474's Return on Equity (12.7%) is considered low.


Financial Health

How is Catcher Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2474's short term assets (NT$197.2B) exceed its short term liabilities (NT$91.0B).

Long Term Liabilities: 2474's short term assets (NT$197.2B) exceed its long term liabilities (NT$5.9B).


Debt to Equity History and Analysis

Debt Level: 2474 has more cash than its total debt.

Reducing Debt: 2474's debt to equity ratio has increased from 27.4% to 52.6% over the past 5 years.

Debt Coverage: 2474's debt is not well covered by operating cash flow (10%).

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?

7.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2474's dividend (7.72%) is higher than the bottom 25% of dividend payers in the TW market (1.85%).

High Dividend: 2474's dividend (7.72%) is in the top 25% of dividend payers in the TW market (5.12%)


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 (47.9%), 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 (77.9% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Allen Hung

5.83yrs

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 (5.8 years average tenure).


Board Members

Experienced Board: 2474's board of directors are not considered experienced ( 2.4 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 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$116.016b
  • Shares outstanding: 746.09m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 15:39
End of Day Share Price2021/11/24 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.