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8210

Chenbro MicomTWSE:8210 Stock Report

Market Cap

NT$9.1b

7D

0.3%

1Y

-14.0%

Updated

27 Oct, 2021

Data

Company Financials +
8210 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends6/6

8210 Overview

Chenbro Micom Co., Ltd. engages in the design, manufacture, processing, and trading of computer peripherals and systems.

Price History & Performance

Summary of all time highs, changes and price drops for Chenbro Micom
Historical stock prices
Current Share PriceNT$75.50
52 Week HighNT$68.00
52 Week LowNT$91.20
Beta0.39
1 Month Change1.07%
3 Month Change1.21%
1 Year Change-14.01%
3 Year Change126.39%
5 Year Change49.50%
Change since IPO464.99%

Recent News & Updates

Shareholder Returns

8210TW TechTW Market
7D0.3%2.3%0.9%
1Y-14.0%15.8%32.8%

Return vs Industry: 8210 underperformed the TW Tech industry which returned 15.8% over the past year.

Return vs Market: 8210 underperformed the TW Market which returned 32.8% over the past year.

Price Volatility

Is 8210's price volatile compared to industry and market?
8210 volatility
8210 Beta0.39
Industry Beta0.60
Market Beta1

Stable Share Price: 8210 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 8210's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/aCorona Chenhttps://www.chenbro.com

Chenbro Micom Co., Ltd. engages in the design, manufacture, processing, and trading of computer peripherals and systems. It offers barebone servers; rackmount, tower server, and PC chassis; storage expansion kit; and OEM/JDM services. The company is also involved in the software design activities; and export and import of computer products and peripherals.

Chenbro Micom Fundamentals Summary

How do Chenbro Micom's earnings and revenue compare to its market cap?
8210 fundamental statistics
Market CapNT$9.13b
Earnings (TTM)NT$884.71m
Revenue (TTM)NT$8.17b

10.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8210 income statement (TTM)
RevenueNT$8.17b
Cost of RevenueNT$6.28b
Gross ProfitNT$1.88b
ExpensesNT$997.46m
EarningsNT$884.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.32
Gross Margin23.05%
Net Profit Margin10.83%
Debt/Equity Ratio62.7%

How did 8210 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

54%

Payout Ratio

Valuation

Is Chenbro Micom 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: 8210 (NT$75.5) is trading below our estimate of fair value (NT$1529.15)

Significantly Below Fair Value: 8210 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8210 is good value based on its PE Ratio (10.3x) compared to the TW Tech industry average (15.7x).

PE vs Market: 8210 is good value based on its PE Ratio (10.3x) compared to the TW market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: 8210 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 8210 is overvalued based on its PB Ratio (2.4x) compared to the TW Tech industry average (1.6x).


Future Growth

How is Chenbro Micom forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8210's forecast earnings growth (12.1% per year) is above the savings rate (0.8%).

Earnings vs Market: 8210's earnings (12.1% per year) are forecast to grow faster than the TW market (9.1% per year).

High Growth Earnings: 8210's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8210's revenue (15.6% per year) is forecast to grow faster than the TW market (9.9% per year).

High Growth Revenue: 8210's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8210's Return on Equity is forecast to be high in 3 years time (20.2%)


Past Performance

How has Chenbro Micom performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8210 has a high level of non-cash earnings.

Growing Profit Margin: 8210's current net profit margins (10.8%) are lower than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: 8210's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: 8210's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8210 had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Tech industry average (15.3%).


Return on Equity

High ROE: 8210's Return on Equity (23.5%) is considered high.


Financial Health

How is Chenbro Micom's financial position?


Financial Position Analysis

Short Term Liabilities: 8210's short term assets (NT$5.2B) exceed its short term liabilities (NT$4.6B).

Long Term Liabilities: 8210's short term assets (NT$5.2B) exceed its long term liabilities (NT$1.1B).


Debt to Equity History and Analysis

Debt Level: 8210's debt to equity ratio (62.7%) is considered high.

Reducing Debt: 8210's debt to equity ratio has increased from 9.6% to 62.7% over the past 5 years.

Debt Coverage: 8210's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: 8210 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Chenbro Micom current dividend yield, its reliability and sustainability?

5.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8210's dividend (5.3%) is higher than the bottom 25% of dividend payers in the TW market (1.97%).

High Dividend: 8210's dividend (5.3%) is in the top 25% of dividend payers in the TW market (5.24%)


Stability and Growth of Payments

Stable Dividend: 8210's dividends per share have been stable in the past 10 years.

Growing Dividend: 8210's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.2%), 8210's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 8210's dividends in 3 years are forecast to be covered by earnings (64.1% payout ratio).


Next Steps

Management

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

7.3yrs

Average board tenure


CEO

Corona Chen

3.25yrs

Tenure

Ms. Ya-nan Chen, also known as Corona, has been the President of Chenbro Micom Co., Ltd. since July 2, 2018 and served as its Vice President of Global Operation Department since October 6, 2015.


Board Members

Experienced Board: 8210's board of directors are considered experienced (7.3 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

Chenbro Micom Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Chenbro Micom Co., Ltd.
  • Ticker: 8210
  • Exchange: TWSE
  • Founded: 1983
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: NT$9.125b
  • Shares outstanding: 120.86m
  • Website: https://www.chenbro.com

Location

  • Chenbro Micom Co., Ltd.
  • No. 150, Jian 1st Road
  • 15th Floor
  • New Taipei City
  • 235
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 15:46
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
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.