TSEC:6136

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Fullerton Technology

Executive Summary

Fullerton Technology Co., Ltd. provides activity management services; and operates an online booking service platform in Taiwan. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6136 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 6136's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

6136

-1.8%

TW Telecom

2.0%

TW Market


1 Year Return

-13.8%

6136

0.3%

TW Telecom

31.2%

TW Market

Return vs Industry: 6136 underperformed the TW Telecom industry which returned 0.3% over the past year.

Return vs Market: 6136 underperformed the TW Market which returned 31.2% over the past year.


Shareholder returns

6136IndustryMarket
7 Day-1.4%-1.8%2.0%
30 Day-1.2%-0.1%10.6%
90 Day-0.9%-0.3%22.8%
1 Year-7.2%-13.8%3.9%0.3%35.8%31.2%
3 Year-11.2%-29.1%10.0%-1.8%58.3%40.5%
5 Year12.6%-24.3%24.4%2.2%133.0%92.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6136 (NT$17.15) is trading above our estimate of fair value (NT$9.86)

Significantly Below Fair Value: 6136 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6136 is good value based on its PE Ratio (35.6x) compared to the TW Telecom industry average (35.8x).

PE vs Market: 6136 is poor value based on its PE Ratio (35.6x) compared to the TW market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6136's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6136 is good value based on its PB Ratio (0.8x) compared to the TW Telecom industry average (1.2x).


Next Steps

Future Growth

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

9.1%

Forecasted Telecom 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 Fullerton Technology 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.


Next Steps

Past Performance

How has Fullerton Technology performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6136 has high quality earnings.

Growing Profit Margin: 6136's current net profit margins (7.7%) are lower than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: 6136's earnings have declined by 28.8% per year over the past 5 years.

Accelerating Growth: 6136's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6136 had negative earnings growth (-30%) over the past year, making it difficult to compare to the Telecom industry average (-6.6%).


Return on Equity

High ROE: 6136's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is Fullerton Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6136's short term assets (NT$884.6M) exceed its short term liabilities (NT$79.6M).

Long Term Liabilities: 6136's short term assets (NT$884.6M) exceed its long term liabilities (NT$15.0M).


Debt to Equity History and Analysis

Debt Level: 6136 is debt free.

Reducing Debt: 6136 had no debt 5 years ago.

Debt Coverage: 6136 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6136 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

8.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6136's dividend (8.16%) is higher than the bottom 25% of dividend payers in the TW market (2.09%).

High Dividend: 6136's dividend (8.16%) is in the top 25% of dividend payers in the TW market (5.15%)


Stability and Growth of Payments

Stable Dividend: 6136 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6136 has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (290.9%), 6136's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.6yrs

Average board tenure


CEO

Chang Qing Wu

5.58yrs

Tenure

Chang Qing Wu has been the President of Fullerton Technology Co., Ltd. since June 24, 2015. Chang Qing Wu serves as the Chairman of the Board of Directors of Richpower Electronics Devices Co., Ltd., MEC Te...


Board Members

NamePositionTenureCompensationOwnership
Chang Qing Wu
President and Director5.58yrsno datano data
Zhong Tai
Director5.58yrsno datano data
Su-Fen Zheng
Member of the Supervisory Board5.58yrsno datano data
Ru Kai Lai
Chairman5.58yrsno datano data
Ji Chen
Director5.58yrsno datano data
Mei Qi Liao
Director5.58yrsno datano data
Qiu Rong Lu
Member of the Supervisory Board5.58yrsno datano data
Jin Liu
Member of the Supervisory Board5.58yrsno datano data
Yong Hong Yu
Independent Director5.58yrsno datano data
Li Zheng Lu
Independent Director5.58yrsno datano data

5.6yrs

Average Tenure

Experienced Board: 6136's board of directors are considered experienced (5.6 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

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


Key Information

  • Name: Fullerton Technology Co., Ltd.
  • Ticker: 6136
  • Exchange: TSEC
  • Founded: 1992
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: NT$1.993b
  • Shares outstanding: 115.54m
  • Website: https://www.fullerton.com.tw

Location

  • Fullerton Technology Co., Ltd.
  • 6-3, Baoqiang Road
  • 5th Floor
  • New Taipei City
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6136TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 2002

Biography

Fullerton Technology Co., Ltd. provides activity management services; and operates an online booking service platform in Taiwan. It also operates Ez, a cross-movie booking platform that offers movie bookin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 08:43
End of Day Share Price2021/01/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.