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Hu Lane Associate

GTSM:6279
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6279
GTSM
NT$6B
Market Cap
  1. Home
  2. TW
  3. Automobiles
Company description

Hu Lane Associate Inc. manufactures and sells various types of metal stamped terminals for automobile, electronic, medical, solar, and other hi-tech industries in Taiwan and internationally. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Hu Lane Associate has significant price volatility in the past 3 months.
6279 Share Price and Events
7 Day Returns
-0.8%
GTSM:6279
0.1%
TW Auto Components
-0.5%
TW Market
1 Year Returns
-34.3%
GTSM:6279
-27.5%
TW Auto Components
-10.7%
TW Market
6279 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hu Lane Associate (6279) -0.8% -27.3% -34.4% -34.3% -61.1% -59.3%
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
  • 6279 underperformed the Auto Components industry which returned -27.5% over the past year.
  • 6279 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
6279
Industry
5yr Volatility vs Market

6279 Value

 Is Hu Lane Associate 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 Hu Lane Associate 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 Hu Lane Associate.

GTSM:6279 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:6279
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%) (23.05%))
1.194
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.194 * 6.21%)
8.12%

Discounted Cash Flow Calculation for GTSM:6279 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hu Lane Associate 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:6279 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 8.12%)
2020 224.00 Analyst x2 207.17
2021 461.00 Analyst x2 394.34
2022 476.92 Est @ 3.45% 377.31
2023 489.46 Est @ 2.63% 358.14
2024 499.51 Est @ 2.05% 338.04
2025 507.76 Est @ 1.65% 317.81
2026 514.71 Est @ 1.37% 297.96
2027 520.73 Est @ 1.17% 278.80
2028 526.11 Est @ 1.03% 260.52
2029 531.03 Est @ 0.94% 243.21
Present value of next 10 years cash flows NT$3,073.00
GTSM:6279 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$531.03 × (1 + 0.71%) ÷ (8.12% – 0.71%)
NT$7,215.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$7,215.19 ÷ (1 + 8.12%)10
NT$3,304.45
GTSM:6279 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$3,073.00 + NT$3,304.45
NT$6,377.45
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$6,377.45 / 97.22
NT$65.6
GTSM:6279 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$65.60
Current discount Discount to share price of NT$59.00
= -1 x (NT$59.00 - NT$65.60) / NT$65.60
10.1%

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

Current Discount
Amount off the current price Hu Lane Associate is available for.
Intrinsic value
10%
Share price is NT$59 vs Future cash flow value of NT$65.6
Current Discount Checks
For Hu Lane Associate to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hu Lane Associate's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hu Lane Associate's share price is below the future cash flow value, but not 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 Hu Lane Associate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hu Lane Associate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:6279 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$4.78
GTSM:6279 Share Price ** GTSM (2020-04-01) in TWD NT$59
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 Hu Lane Associate.

GTSM:6279 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:6279 Share Price ÷ EPS (both in TWD)

= 59 ÷ 4.78

12.34x

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

  • Hu Lane Associate is good value based on earnings compared to the TW Auto Components industry average.
  • Hu Lane Associate is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Hu Lane Associate's expected growth come at a high price?
Raw Data
GTSM:6279 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
19%per year
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 .

GTSM:6279 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.34x ÷ 19%

0.65x

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

  • Hu Lane Associate is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Hu Lane Associate's assets?
Raw Data
GTSM:6279 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$44.53
GTSM:6279 Share Price * GTSM (2020-04-01) in TWD NT$59
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:6279 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:6279 Share Price ÷ Book Value per Share (both in TWD)

= 59 ÷ 44.53

1.33x

* Primary Listing of Hu Lane Associate.

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

  • Hu Lane Associate is overvalued based on assets compared to the TW Auto Components industry average.
X
Value checks
We assess Hu Lane Associate'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. Hu Lane Associate 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.

6279 Future Performance

 How is Hu Lane Associate expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
19%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hu Lane Associate expected to grow at an attractive rate?
  • Hu Lane Associate's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Hu Lane Associate's earnings growth is expected to exceed the Taiwan, Province of China market average.
  • Hu Lane Associate's revenue growth is positive but not above the Taiwan, Province of China market average.
Annual Growth Rates Comparison
Raw Data
GTSM:6279 Future Growth Rates Data Sources
Data Point Source Value (per year)
GTSM:6279 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 19%
GTSM:6279 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.3%
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:6279 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:6279 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,335 769 688 4
2020-12-31 3,782 749 488 3
2020-04-03
GTSM:6279 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,791 1,043 464
2019-09-30 3,661 911 427
2019-06-30 3,653 984 386
2019-03-31 3,846 1,071 473
2018-12-31 4,080 967 583
2018-09-30 4,314 1,179 682
2018-06-30 4,269 1,156 840
2018-03-31 4,148 791 929
2017-12-31 4,077 792 972
2017-09-30 4,084 787 1,048
2017-06-30 4,118 694 1,041
2017-03-31 4,109 1,058 995

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hu Lane Associate's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
  • Hu Lane Associate's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
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:6279 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 4 Analyst Estimates (S&P Global) See Below

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

GTSM:6279 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.06 8.10 6.12 3.00
2020-12-31 5.01 5.17 4.87 3.00
2020-04-03
GTSM:6279 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 4.78
2019-09-30 4.39
2019-06-30 3.97
2019-03-31 4.86
2018-12-31 6.00
2018-09-30 7.01
2018-06-30 8.64
2018-03-31 9.56
2017-12-31 10.00
2017-09-30 10.79
2017-06-30 10.71
2017-03-31 10.24

*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.
  • Hu Lane Associate is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hu Lane Associate'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.
Hu Lane Associate has a total score of 2/6, 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.

6279 Past Performance

  How has Hu Lane Associate 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 Hu Lane Associate'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.
  • Hu Lane Associate's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hu Lane Associate's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hu Lane Associate's 1-year earnings growth is negative, it can't be compared to the TW Auto Components industry average.
Earnings and Revenue History
Hu Lane Associate'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 Hu Lane Associate Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6279 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 3,791.28 464.27 483.74 185.41
2019-09-30 3,661.23 426.65 466.73 184.76
2019-06-30 3,653.20 386.20 470.33 179.44
2019-03-31 3,845.76 472.70 490.61 164.52
2018-12-31 4,079.78 583.30 517.77 148.91
2018-09-30 4,313.89 681.61 543.24 131.61
2018-06-30 4,269.45 839.55 532.31 119.62
2018-03-31 4,147.97 928.84 513.02 112.83
2017-12-31 4,076.62 971.87 489.94 108.62
2017-09-30 4,084.44 1,048.46 494.08 111.78
2017-06-30 4,117.67 1,040.76 490.09 107.29
2017-03-31 4,109.07 995.15 490.53 104.16
2016-12-31 3,982.47 897.72 499.04 104.41
2016-09-30 3,697.11 759.83 469.91 92.87
2016-06-30 3,527.03 753.29 483.97 86.31
2016-03-31 3,464.06 789.04 438.97 81.54
2015-12-31 3,396.08 801.20 415.13 77.62
2015-09-30 3,363.01 848.68 387.23 77.47
2015-06-30 3,381.31 816.92 377.08 76.65
2015-03-31 3,320.17 763.11 408.30 76.84
2014-12-31 3,231.25 776.98 389.55 74.99
2014-09-30 3,119.67 728.54 350.98 74.23
2014-06-30 2,960.69 661.65 317.13 71.46
2014-03-31 2,873.97 645.20 301.25 69.31
2013-12-31 2,785.47 612.61 307.34 67.46
2013-09-30 2,656.22 537.04 334.64 2.22
2013-06-30 2,613.39 524.02 335.14 3.81

*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.
  • Hu Lane Associate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hu Lane Associate used its assets more efficiently than the TW Auto Components industry average last year based on Return on Assets.
  • Hu Lane Associate's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hu Lane Associate'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.
Hu Lane Associate has a total score of 1/6, 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.

6279 Health

 How is Hu Lane Associate'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 Hu Lane Associate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hu Lane Associate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hu Lane Associate's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hu Lane Associate'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 2.7x 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 Hu Lane Associate Company Filings, last reported 3 months ago.

GTSM:6279 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,314.06 1,306.10 964.80
2019-09-30 4,115.57 1,357.00 923.99
2019-06-30 4,099.05 1,244.46 1,034.61
2019-03-31 4,473.16 1,476.17 1,053.40
2018-12-31 4,304.04 1,440.18 1,011.90
2018-09-30 4,112.24 1,501.94 989.83
2018-06-30 4,131.37 896.78 957.28
2018-03-31 4,800.29 1,026.19 977.39
2017-12-31 4,541.75 1,114.36 1,133.48
2017-09-30 4,267.03 1,050.00 1,054.85
2017-06-30 4,058.04 580.00 1,038.28
2017-03-31 4,381.75 330.00 739.50
2016-12-31 4,197.07 345.00 846.02
2016-09-30 3,883.14 286.76 957.69
2016-06-30 3,747.16 455.52 937.25
2016-03-31 4,152.39 570.14 894.80
2015-12-31 4,020.38 650.99 949.80
2015-09-30 3,856.17 704.91 786.53
2015-06-30 3,576.38 391.18 906.43
2015-03-31 3,947.29 348.97 806.25
2014-12-31 3,783.09 369.71 917.03
2014-09-30 3,460.86 670.70 890.44
2014-06-30 3,255.78 179.48 889.61
2014-03-31 3,709.60 87.61 726.40
2013-12-31 3,513.53 513.41 1,167.72
2013-09-30 2,577.88 693.99 819.93
2013-06-30 2,495.89 100.56 805.09
  • Hu Lane Associate's level of debt (30.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.8% vs 30.3% today).
  • Debt is well covered by operating cash flow (79.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.3x coverage).
X
Financial health checks
We assess Hu Lane Associate'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. Hu Lane Associate has a total score of 5/6, 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.

6279 Dividends

 What is Hu Lane Associate'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
6.78%
Current annual income from Hu Lane Associate dividends. Estimated to be 6.25% next year.
If you bought NT$2,000 of Hu Lane Associate shares you are expected to receive NT$136 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?
  • Hu Lane Associate's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Hu Lane Associate's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (7.04%).
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:6279 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 4 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:6279 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.78 4.00
2020-12-31 3.57 3.00
2020-04-03
GTSM:6279 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 4.000 5.247
2019-04-03 4.000 4.688
2019-03-28 4.000 4.564
2018-05-15 8.000 8.110
2018-03-31 8.000 5.524
2018-03-27 8.000 5.599
2017-05-15 6.000 3.683
2017-04-05 6.000 3.933
2017-01-16 6.000 3.946
2016-05-13 5.600 3.892
2016-03-31 5.600 3.751
2015-05-14 5.600 4.160
2015-03-26 5.600 3.833
2014-05-15 4.200 3.633
2013-11-12 3.300 3.530
2013-08-09 3.300 3.607
2013-05-14 3.300 4.451
2013-04-01 3.300 5.093
2012-05-15 2.843 5.767
2012-03-30 2.843 5.251
2011-10-31 3.269 6.599
2011-08-31 3.269 7.583
2011-03-31 3.269 5.113
2010-11-01 3.269 4.764
2010-08-26 3.269 4.418
2010-03-31 3.269 4.130
2009-08-28 1.401 2.197

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hu Lane Associate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Hu Lane Associate'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 Hu Lane Associate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hu Lane Associate has a total score of 4/6, see the detailed checks below.


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

6279 Management

 What is the CEO of Hu Lane Associate'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.
  • Hu Lane Associate has no CEO, or we have no data on them.
Management Team
Board of Directors
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 Hu Lane Associate'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. Hu Lane Associate 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.

6279 News

Simply Wall St News

6279 Company Info

Description

Hu Lane Associate Inc. manufactures and sells various types of metal stamped terminals for automobile, electronic, medical, solar, and other hi-tech industries in Taiwan and internationally. The company offers laser-welding terminals, electric vehicle connectors, fuse boxes, crimping machines, grommets, and other rubber-related parts. Its products are used in fuses, instrument panels, automobile lamps, electronics, electronic fuel injection systems, electronic controller units, automobile digital entertainment systems, medical products, wire to board connectors, fasten accessories, LPG and CNG converters, electric vehicles, automobile grommet, and other products. The company was formerly known as Hu Lane Industrial Co., Ltd. and changed its name to Hu Lane Associate Inc. in 2001. Hu Lane Associate Inc. was founded in 1977 and is headquartered in New Taipei City, Taiwan.

Details
Name: Hu Lane Associate Inc.
6279
Exchange: GTSM
Founded: 1977
NT$5,736,222,195
97,224,105
Website: http://www.hulane.com.tw
Address: Hu Lane Associate Inc.
No. 68, Huanhe Street,
New Taipei City,
221,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 6279 Common Stock Taipei Exchange TW TWD 26. Nov 2003
Number of employees
Current staff
Staff numbers
0
Hu Lane Associate employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 14:47
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/27
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.