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Orange Electronic

GTSM:4554
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4554
GTSM
NT$277M
Market Cap
  1. Home
  2. TW
  3. Automobiles
Company description

Orange Electronic Co., Ltd. manufactures and sells telecommunication equipment and apparatus, restrained telecom radio frequency equipment and materials, and automobiles and parts. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Orange Electronic has significant price volatility in the past 3 months.
4554 Share Price and Events
7 Day Returns
4.4%
GTSM:4554
0.1%
TW Auto Components
-0.5%
TW Market
1 Year Returns
-32.2%
GTSM:4554
-27.5%
TW Auto Components
-10.7%
TW Market
4554 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orange Electronic (4554) 4.4% -34.8% -46% -32.2% -69.1% -85.1%
TW Auto Components 0.1% -22.3% -29.7% -27.5% -47.9% -47.2%
TW Market -0.5% -14.8% -20.2% -10.7% -4.3% -0.2%
1 Year Return vs Industry and Market
  • 4554 underperformed the Auto Components industry which returned -27.5% over the past year.
  • 4554 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
4554
Industry
5yr Volatility vs Market

Value

 Is Orange Electronic undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Orange Electronic to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Orange Electronic.

GTSM:4554 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:4554
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.088 (1 + (1- 20%) (17.94%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.164 * 6.21%)
7.94%

Discounted Cash Flow Calculation for GTSM:4554 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Orange Electronic is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:4554 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 7.94%)
2020 48.72 Est @ 3.13% 45.14
2021 49.89 Est @ 2.4% 42.82
2022 50.83 Est @ 1.89% 40.42
2023 51.62 Est @ 1.54% 38.03
2024 52.28 Est @ 1.29% 35.69
2025 52.87 Est @ 1.12% 33.43
2026 53.39 Est @ 0.99% 31.28
2027 53.88 Est @ 0.91% 29.24
2028 54.33 Est @ 0.85% 27.32
2029 54.77 Est @ 0.81% 25.52
Present value of next 10 years cash flows NT$348.00
GTSM:4554 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$54.77 × (1 + 0.71%) ÷ (7.94% – 0.71%)
NT$763.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$763.25 ÷ (1 + 7.94%)10
NT$355.60
GTSM:4554 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$348.00 + NT$355.60
NT$703.60
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$703.60 / 21.37
NT$32.92
GTSM:4554 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$32.92
Current discount Discount to share price of NT$12.95
= -1 x (NT$12.95 - NT$32.92) / NT$32.92
60.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Orange Electronic is available for.
Intrinsic value
>50%
Share price is NT$12.95 vs Future cash flow value of NT$32.92
Current Discount Checks
For Orange Electronic to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Orange Electronic's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Orange Electronic's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Orange Electronic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orange Electronic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:4554 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.25
GTSM:4554 Share Price ** GTSM (2020-04-01) in TWD NT$12.95
Taiwan, Province of China Auto Components Industry PE Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 12.77x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Orange Electronic.

GTSM:4554 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:4554 Share Price ÷ EPS (both in TWD)

= 12.95 ÷ 0.25

51.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orange Electronic is overvalued based on earnings compared to the TW Auto Components industry average.
  • Orange Electronic is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Orange Electronic's expected growth come at a high price?
Raw Data
GTSM:4554 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Taiwan, Province of China Auto Components Industry PEG Ratio Median Figure of 8 Publicly-Listed Auto Components Companies 0.79x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Orange Electronic, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Orange Electronic's assets?
Raw Data
GTSM:4554 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$19.07
GTSM:4554 Share Price * GTSM (2020-04-01) in TWD NT$12.95
Taiwan, Province of China Auto Components Industry PB Ratio Median Figure of 55 Publicly-Listed Auto Components Companies 1x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:4554 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:4554 Share Price ÷ Book Value per Share (both in TWD)

= 12.95 ÷ 19.07

0.68x

* Primary Listing of Orange Electronic.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orange Electronic is good value based on assets compared to the TW Auto Components industry average.
X
Value checks
We assess Orange Electronic's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Orange Electronic has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Orange Electronic expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.8%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orange Electronic expected to grow at an attractive rate?
  • Unable to compare Orange Electronic's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Orange Electronic's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Orange Electronic's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:4554 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 21.8%
Taiwan, Province of China Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:4554 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:4554 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 360 1
GTSM:4554 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 347 60 5
2019-09-30 323 87 -12
2019-06-30 297 72 -27
2019-03-31 324 46 -26
2018-12-31 374 59 -23
2018-09-30 406 31 -20
2018-06-30 465 32 -9
2018-03-31 472 40 -22
2017-12-31 483 39 -35
2017-09-30 534 22 -19
2017-06-30 581 -66 -10
2017-03-31 636 -91 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Orange Electronic is high growth as no earnings estimate data is available.
  • Unable to determine if Orange Electronic is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:4554 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Orange Electronic Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4554 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
GTSM:4554 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.25
2019-09-30 -0.55
2019-06-30 -1.26
2019-03-31 -1.22
2018-12-31 -1.09
2018-09-30 -0.95
2018-06-30 -0.42
2018-03-31 -1.05
2017-12-31 -1.62
2017-09-30 -0.89
2017-06-30 -0.49
2017-03-31 0.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Orange Electronic will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Orange Electronic's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Taiwan, Province of China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Orange Electronic has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Orange Electronic performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Orange Electronic's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Orange Electronic's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Orange Electronic has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Orange Electronic has become profitable in the last year making it difficult to compare the TW Auto Components industry average.
Earnings and Revenue History
Orange Electronic's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Orange Electronic Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4554 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 346.77 5.28 74.31 56.05
2019-09-30 323.41 -11.71 78.09 55.33
2019-06-30 296.80 -26.88 85.47 54.67
2019-03-31 323.90 -25.97 93.50 54.61
2018-12-31 374.34 -23.30 106.87 56.01
2018-09-30 405.74 -20.35 111.14 55.31
2018-06-30 464.68 -9.08 120.20 59.84
2018-03-31 471.76 -22.47 127.03 65.89
2017-12-31 483.08 -34.57 127.07 69.08
2017-09-30 534.20 -19.00 121.85 71.91
2017-06-30 581.03 -10.27 128.06 71.53
2017-03-31 635.84 11.10 132.76 66.87
2016-12-31 665.85 30.61 136.89 65.46
2016-09-30 651.43 37.83 141.42 61.46
2016-06-30 633.44 43.83 137.57 57.41
2016-03-31 583.68 37.66 135.94 53.06
2015-12-31 558.43 42.60 131.82 49.80
2015-09-30 529.52 47.29 121.73 50.24
2015-06-30 486.28 44.79 112.42 47.62
2015-03-31 449.88 46.90 91.59 46.59
2014-12-31 388.08 42.39 76.00 44.12
2013-12-31 382.10 45.34 56.25 40.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Orange Electronic has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Orange Electronic used its assets less efficiently than the TW Auto Components industry average last year based on Return on Assets.
  • Orange Electronic's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Orange Electronic's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Orange Electronic has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Orange Electronic's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Orange Electronic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orange Electronic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orange Electronic's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orange Electronic's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 33x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orange Electronic Company Filings, last reported 3 months ago.

GTSM:4554 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 387.53 13.54 260.16
2019-09-30 387.60 16.67 261.36
2019-06-30 382.98 6.61 231.47
2019-03-31 377.31 10.37 202.96
2018-12-31 382.59 14.13 213.91
2018-09-30 399.21 17.89 189.90
2018-06-30 409.84 21.65 187.91
2018-03-31 403.81 37.41 196.01
2017-12-31 405.68 28.75 182.19
2017-09-30 419.70 39.95 189.71
2017-06-30 417.95 24.72 180.88
2017-03-31 439.50 24.46 176.44
2016-12-31 455.72 25.27 177.13
2016-09-30 454.08 0.00 190.45
2016-06-30 303.31 0.00 134.01
2016-03-31 286.57 0.00 181.13
2015-12-31 314.31 0.00 188.63
2015-09-30
2015-06-30 288.50 0.00 170.70
2015-03-31 286.27 0.00 180.31
2014-12-31 275.26 0.00 156.73
2013-12-31 165.91 11.97 64.39
  • Orange Electronic's level of debt (3.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Orange Electronic's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (441%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Orange Electronic's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Orange Electronic has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Orange Electronic's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Orange Electronic dividends.
If you bought NT$2,000 of Orange Electronic shares you are expected to receive NT$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Orange Electronic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Orange Electronic's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:4554 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 4.6%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1330 Stocks 4.6%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:4554 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
GTSM:4554 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2018-11-14 0.000 0.000
2018-11-13 0.000 0.000
2018-08-14 0.000 0.000
2018-08-13 0.000 0.000
2018-05-15 0.000 0.000
2018-05-11 0.000 0.000
2018-03-31 0.000 0.000
2017-05-15 0.800 2.692
2017-04-05 0.800 2.052
2017-03-28 0.800 1.853
2016-08-02 1.800 3.185
2016-05-09 1.800 2.360
2016-03-11 1.800 2.508
2016-03-01 1.800 2.902
2015-07-22 0.333 0.529
2015-04-07 0.333 0.364
2015-03-31 0.333 0.361

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Orange Electronic has not reported any payouts.
  • Unable to verify if Orange Electronic's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Orange Electronic's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Orange Electronic has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Orange Electronic's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Orange Electronic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orange Electronic has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Orange Electronic's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chin­-Yao Hsu
COMPENSATION NT$3,328,000
CEO Bio

Mr. Chin­-Yao Hsu serves as Chairman and President of Orange Electronic Co., Ltd. and has been its Director since January 20, 2005.

CEO Compensation
  • Chin­-Yao's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chin­-Yao's remuneration is about average for companies of similar size in Taiwan, Province of China.
Management Team

Chin­-Yao Hsu

TITLE
Chairman & President
COMPENSATION
NT$3M

Hung­-Chih Yu

TITLE
VP & Director
COMPENSATION
NT$3M

Feng­-Yi Chang

TITLE
Assistant VP of Production Department & Director
COMPENSATION
NT$2M

Chun-Ming Chang

TITLE
CFO, Assistant VP of Management Dept. and Financial & Accounting Manager

Hong Zhi You

TITLE
Associate of Research & Development Department
TENURE
15.3 yrs
Board of Directors Tenure

Average tenure of the Orange Electronic board of directors in years:

5.5
Average Tenure
  • The tenure for the Orange Electronic board of directors is about average.
Board of Directors

Chin­-Yao Hsu

TITLE
Chairman & President
COMPENSATION
NT$3M

Hung­-Chih Yu

TITLE
VP & Director
COMPENSATION
NT$3M
TENURE
15.3 yrs

Feng­-Yi Chang

TITLE
Assistant VP of Production Department & Director
COMPENSATION
NT$2M
TENURE
15.3 yrs

Chien­-Chih Sheng

TITLE
Independent Director
COMPENSATION
NT$251K
TENURE
5.5 yrs

Chien-­Jung Lai

TITLE
Independent Director
COMPENSATION
NT$251K
TENURE
5.5 yrs

Hsing­-Cheng Chang

TITLE
Independent Director
COMPENSATION
NT$251K
TENURE
5.5 yrs

Happy J. Acee

TITLE
Director
TENURE
4.2 yrs

Chang Yi

TITLE
Member of Supervisory Board

Zhao Pei Li

TITLE
Member of Supervisory Board

Yu Bin Liao

TITLE
Member of Supervisory Board
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Orange Electronic's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Orange Electronic has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Orange Electronic Co., Ltd. manufactures and sells telecommunication equipment and apparatus, restrained telecom radio frequency equipment and materials, and automobiles and parts. It is also involved in the entrepot trade, trade agency, and investment related activities, as well as wholesale of electronic equipment, motor vehicles and motorcycles, and related parts and accessories. In addition, the company offers after sales services. It serves in Taiwan, the United States, Europe, and internationally. The company was founded in 2005 and is headquartered in Taichung, Taiwan.

Details
Name: Orange Electronic Co., Ltd.
4554
Exchange: GTSM
Founded: 2005
NT$276,804,955
21,374,900
Website: http://www.orange-electronic.com
Address: Orange Electronic Co., Ltd.
Central Taiwan Science Park,
5th Floor,
Taichung,
42881,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 4554 Ordinary Shares Taipei Exchange TW TWD 05. Sep 2014
Number of employees
Current staff
Staff numbers
144
Orange Electronic employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 18:54
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/29
Last earnings filing: 2020/03/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.