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3042

TXC TWSE:3042 Stock Report

Last Price

NT$93.50

Market Cap

NT$28.4b

7D

4.7%

1Y

1.4%

Updated

18 May, 2022

Data

Company Financials +
3042 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

3042 Stock Overview

TXC Corporation engages in the research, design, development, production, and sale of crystal and oscillator products in Taiwan and internationally.

TXC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TXC
Historical stock prices
Current Share PriceNT$93.50
52 Week HighNT$144.50
52 Week LowNT$86.00
Beta0.92
1 Month Change-1.16%
3 Month Change-2.30%
1 Year Change1.41%
3 Year Change174.60%
5 Year Change114.45%
Change since IPO307.50%

Recent News & Updates

Shareholder Returns

3042TW ElectronicTW Market
7D4.7%2.1%0.4%
1Y1.4%-0.4%0.2%

Return vs Industry: 3042 exceeded the TW Electronic industry which returned -0.4% over the past year.

Return vs Market: 3042 exceeded the TW Market which returned 0.2% over the past year.

Price Volatility

Is 3042's price volatile compared to industry and market?
3042 volatility
3042 Average Weekly Movement3.9%
Electronic Industry Average Movement4.8%
Market Average Movement4.6%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.1%

Stable Share Price: 3042 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3042's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/aPeter Linhttps://www.txccorp.com

TXC Corporation engages in the research, design, development, production, and sale of crystal and oscillator products in Taiwan and internationally. The company’s products include crystals, oscillators, and sensors, as well as automotive crystals. It also engages in the 5G infrastructure and device ecosystem development activities.

TXC Fundamentals Summary

How do TXC's earnings and revenue compare to its market cap?
3042 fundamental statistics
Market CapNT$28.37b
Earnings (TTM)NT$3.16b
Revenue (TTM)NT$15.15b

9.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3042 income statement (TTM)
RevenueNT$15.15b
Cost of RevenueNT$9.52b
Gross ProfitNT$5.63b
Other ExpensesNT$2.47b
EarningsNT$3.16b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)10.19
Gross Margin37.16%
Net Profit Margin20.83%
Debt/Equity Ratio27.5%

How did 3042 perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

74%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


42.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 3042 (NT$93.5) is trading below our estimate of fair value (NT$161.81)

Significantly Below Fair Value: 3042 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3042 is good value based on its PE Ratio (9.2x) compared to the TW Electronic industry average (13x).

PE vs Market: 3042 is good value based on its PE Ratio (9.2x) compared to the TW market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: 3042 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: 3042 is overvalued based on its PB Ratio (2.2x) compared to the TW Electronic industry average (1.6x).


Future Growth

How is TXC forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3042's forecast earnings growth (2.9% per year) is above the savings rate (0.7%).

Earnings vs Market: 3042's earnings (2.9% per year) are forecast to grow slower than the TW market (6.8% per year).

High Growth Earnings: 3042's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3042's revenue (6.4% per year) is forecast to grow slower than the TW market (6.8% per year).

High Growth Revenue: 3042's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3042's Return on Equity is forecast to be high in 3 years time (23.1%)


Past Performance

How has TXC 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


30.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3042 has high quality earnings.

Growing Profit Margin: 3042's current net profit margins (20.8%) are higher than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: 3042's earnings have grown significantly by 30.8% per year over the past 5 years.

Accelerating Growth: 3042's earnings growth over the past year (74.9%) exceeds its 5-year average (30.8% per year).

Earnings vs Industry: 3042 earnings growth over the past year (74.9%) exceeded the Electronic industry 37.4%.


Return on Equity

High ROE: 3042's Return on Equity (23.8%) is considered high.


Financial Health

How is TXC'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: 3042's short term assets (NT$11.9B) exceed its short term liabilities (NT$4.6B).

Long Term Liabilities: 3042's short term assets (NT$11.9B) exceed its long term liabilities (NT$3.1B).


Debt to Equity History and Analysis

Debt Level: 3042 has more cash than its total debt.

Reducing Debt: 3042's debt to equity ratio has increased from 20.6% to 27.5% over the past 5 years.

Debt Coverage: 3042's debt is well covered by operating cash flow (103.6%).

Interest Coverage: 3042's interest payments on its debt are well covered by EBIT (125.8x coverage).


Balance Sheet


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.02%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3042's dividend (8.02%) is higher than the bottom 25% of dividend payers in the TW market (2.38%).

High Dividend: 3042's dividend (8.02%) is in the top 25% of dividend payers in the TW market (6.06%)


Stability and Growth of Payments

Stable Dividend: 3042's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3042's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (73.7%), 3042's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (146.8%), 3042's dividend payments are not well covered by cash flows.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Peter Lin

32.5yrs

Tenure

Mr. Wan-Shing Lin, also known as Peter, serves as General Manager at TXC Corporation, since November 11, 1989 and serves as its Chairman and CEO since June 12, 2019. Mr. Lin serves as the Chairman of Tai-...


Leadership Team

Experienced Management: 3042's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: 3042's board of directors are considered experienced (5.9 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

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


Key Information

  • Name: TXC Corporation
  • Ticker: 3042
  • Exchange: TWSE
  • Founded: 1983
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: NT$28.374b
  • Shares outstanding: 309.76m
  • Website: https://www.txccorp.com

Location

  • TXC Corporation
  • No. 16, Chung Yang South Road Peitou
  • 4th Floor
  • Taipei
  • 112
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 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.