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Actron Technology

GTSM:8255
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8255
GTSM
NT$7B
Market Cap
  1. Home
  2. TW
  3. Automobiles
Company description

Actron Technology Corporation designs, develops, manufactures, and sells electronic components of vehicles for automakers worldwide. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Actron Technology has significant price volatility in the past 3 months.
8255 Share Price and Events
7 Day Returns
0.3%
GTSM:8255
0.1%
TW Auto Components
-0.5%
TW Market
1 Year Returns
-31.6%
GTSM:8255
-27.5%
TW Auto Components
-10.7%
TW Market
8255 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Actron Technology (8255) 0.3% -23% -21.4% -31.6% -28% -37.9%
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
  • 8255 underperformed the Auto Components industry which returned -27.5% over the past year.
  • 8255 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
8255
Industry
5yr Volatility vs Market

8255 Value

 Is Actron Technology 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 Actron Technology 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 Actron Technology.

GTSM:8255 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in TWD NT$ 5.000000
Payout Ratio Company Filings (2019-12-31) 8889.5%
Discount Rate (Cost of Equity) See below 10.5%
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:8255
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%) (18.99%))
1.582
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.582 * 6.21%)
10.54%

Discounted Cash Flow Calculation for GTSM:8255 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Actron Technology is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

GTSM:8255 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$5 / (10.54% - 0.71%)
NT$50.88
GTSM:8255 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$50.88
Current discount Discount to share price of NT$77.00
= -1 x (NT$77.00 - NT$50.88) / NT$50.88
-51.3%

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

  • The current share price of Actron Technology is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Actron Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Actron Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:8255 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$4.11
GTSM:8255 Share Price ** GTSM (2020-04-01) in TWD NT$77
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 Actron Technology.

GTSM:8255 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:8255 Share Price ÷ EPS (both in TWD)

= 77 ÷ 4.11

18.73x

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

  • Actron Technology is overvalued based on earnings compared to the TW Auto Components industry average.
  • Actron Technology is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Actron Technology's expected growth come at a high price?
Raw Data
GTSM:8255 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.73x
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 Actron Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Actron Technology's assets?
Raw Data
GTSM:8255 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$55.06
GTSM:8255 Share Price * GTSM (2020-04-01) in TWD NT$77
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:8255 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:8255 Share Price ÷ Book Value per Share (both in TWD)

= 77 ÷ 55.06

1.4x

* Primary Listing of Actron Technology.

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

  • Actron Technology is overvalued based on assets compared to the TW Auto Components industry average.
X
Value checks
We assess Actron Technology'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. Actron Technology has a total score of 0/6, 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.

8255 Future Performance

 How is Actron Technology 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 Actron Technology expected to grow at an attractive rate?
  • Unable to compare Actron Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Actron Technology's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Actron Technology's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:8255 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:8255 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:8255 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 3,470 629 375 1
GTSM:8255 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,360 382 322
2019-09-30 3,304 373 378
2019-06-30 3,375 596 458
2019-03-31 3,512 834 508
2018-12-31 3,596 615 530
2018-09-30 3,644 908 556
2018-06-30 3,601 862 547
2018-03-31 3,655 652 564
2017-12-31 3,672 711 533
2017-09-30 3,616 665 556
2017-06-30 3,563 743 501
2017-03-31 3,521 901 508

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Actron Technology is high growth as no earnings estimate data is available.
  • Unable to determine if Actron Technology 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:8255 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 Actron Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8255 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 4.12 4.12 4.12 1.00
GTSM:8255 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 4.11
2019-09-30 5.06
2019-06-30 6.11
2019-03-31 6.78
2018-12-31 7.08
2018-09-30 7.42
2018-06-30 7.31
2018-03-31 7.53
2017-12-31 7.11
2017-09-30 7.42
2017-06-30 6.69
2017-03-31 6.79

*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 Actron Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Actron Technology'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.
Actron Technology 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.

8255 Past Performance

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

GTSM:8255 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 3,359.90 322.06 363.85 270.08
2019-09-30 3,304.14 378.46 338.74 260.88
2019-06-30 3,375.27 457.79 323.21 249.93
2019-03-31 3,511.95 507.58 310.04 246.03
2018-12-31 3,596.49 529.88 301.34 238.11
2018-09-30 3,643.50 555.60 303.33 247.86
2018-06-30 3,601.20 547.41 299.72 244.80
2018-03-31 3,654.62 564.02 297.96 242.18
2017-12-31 3,671.70 532.52 296.75 242.47
2017-09-30 3,616.48 555.59 299.33 228.63
2017-06-30 3,563.03 500.84 297.97 219.78
2017-03-31 3,521.46 508.32 292.64 218.58
2016-12-31 3,522.04 561.68 287.50 216.47
2016-09-30 3,539.17 535.70 267.72 210.39
2016-06-30 3,534.34 625.95 269.78 203.47
2016-03-31 3,561.51 611.45 273.24 204.74
2015-12-31 3,548.30 606.92 266.82 195.86
2015-09-30 3,476.64 613.27 264.25 192.45
2015-06-30 3,537.55 578.49 258.39 188.59
2015-03-31 3,494.13 574.13 243.82 169.24
2014-12-31 3,479.03 588.90 249.03 156.47
2014-09-30 3,454.61 664.95 254.75 143.43
2014-06-30 3,396.30 645.06 242.90 130.72
2014-03-31 3,375.09 645.06 237.66 125.19
2013-12-31 3,284.46 594.01 232.35 121.84
2013-09-30 3,217.39 464.96 211.81 113.52
2013-06-30 3,099.19 407.47 196.78 111.71

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

8255 Health

 How is Actron Technology'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 Actron Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Actron Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Actron Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Actron Technology'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 2.5x 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 Actron Technology Company Filings, last reported 3 months ago.

GTSM:8255 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,254.94 1,316.26 2,042.89
2019-09-30 3,821.15 1,558.84 1,076.92
2019-06-30 3,306.23 975.51 791.99
2019-03-31 3,417.68 1,170.61 908.14
2018-12-31 3,236.59 790.83 649.08
2018-09-30 3,388.07 688.33 661.16
2018-06-30 3,761.99 442.90 860.52
2018-03-31 3,772.65 531.00 728.22
2017-12-31 3,373.37 541.00 900.78
2017-09-30 3,163.27 371.00 608.11
2017-06-30 2,911.21 81.00 913.17
2017-03-31 3,265.42 261.00 1,013.76
2016-12-31 3,184.75 101.00 1,142.73
2016-09-30 3,042.66 341.00 998.32
2016-06-30 2,965.15 1.00 1,075.67
2016-03-31 3,194.90 7.00 641.45
2015-12-31 3,051.21 82.05 541.20
2015-09-30 2,910.48 305.00 600.46
2015-06-30 2,691.01 40.00 559.77
2015-03-31 3,060.95 30.00 449.90
2014-12-31 2,919.82 80.00 263.80
2014-09-30 2,763.95 175.00 255.51
2014-06-30 2,731.02 35.00 594.48
2014-03-31 3,015.57 60.00 511.71
2013-12-31 2,857.93 110.00 515.05
2013-09-30 2,424.21 179.00 158.22
2013-06-30 2,309.16 25.00 313.98
  • Actron Technology's level of debt (25%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.7% vs 25% today).
  • Debt is well covered by operating cash flow (29%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.6x coverage).
X
Financial health checks
We assess Actron Technology'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. Actron Technology 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.

8255 Dividends

 What is Actron Technology'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
6.49%
Current annual income from Actron Technology dividends.
If you bought NT$2,000 of Actron Technology shares you are expected to receive NT$130 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?
  • Actron Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Actron Technology'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:8255 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:8255 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
GTSM:8255 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-03-29 5.000 5.237
2019-03-06 5.000 4.356
2016-03-31 6.500 5.876
2015-03-23 6.000 5.375
2014-05-08 5.500 4.697
2013-03-27 3.500 3.160
2012-04-30 3.810 5.194
2012-04-02 3.810 4.406
2012-03-30 3.810 4.000
2011-05-03 3.030 3.391
2010-04-28 2.755 2.355
2010-04-19 2.755 2.056
2009-10-27 1.968 1.666
2009-08-20 1.968 2.047
2009-04-29 1.968 2.978
2009-04-23 1.968 3.299

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Actron Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
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 Actron Technology'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 Actron Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Actron Technology has a total score of 3/6, see the detailed checks below.


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

8255 Management

 What is the CEO of Actron Technology'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
Tai Ning Xie
TENURE AS CEO 20.4 years
CEO Bio

Tai Ning Xie has been President at Actron Technology Corp. since November 22, 1999. Tai Ning Xie served as President of Pan Pacific Semiconductor Co., Ltd. Tai Ning Xie Studied Geology at Chinese Culture University.

CEO Compensation
  • Insufficient data for Tai Ning to compare compensation growth.
  • Insufficient data for Tai Ning to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Actron Technology management team in years:

20.4
Average Tenure
  • The average tenure for the Actron Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tai Ning Xie

TITLE
President
TENURE
20.4 yrs

Xiu Mei Shi

TITLE
Head of Audit
TENURE
17.7 yrs

Jun Ji Chen

TITLE
Division Chief
TENURE
21.1 yrs
Board of Directors Tenure

Average tenure of the Actron Technology board of directors in years:

15.8
Average Tenure
  • The average tenure for the Actron Technology board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ming-Kuang Lu

TITLE
Chairman
AGE
70

Tai-Nine Hsieh

TITLE
Vice Chairman

Chung-Hsien Liu

TITLE
Independent Director
TENURE
0.9 yrs

Yung-Chou King

TITLE
Independent Director

Tom Yao

TITLE
Director
TENURE
21.4 yrs

Fu-kuang Hsu

TITLE
Independent Director
TENURE
15.8 yrs

Zhong Chen

TITLE
Director
TENURE
18.8 yrs

David Lee

TITLE
Director

Doris Hsu

TITLE
Director
AGE
58
TENURE
0.9 yrs

Hau Fang

TITLE
Director
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 Actron Technology'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. Actron Technology 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.

8255 News

Simply Wall St News

8255 Company Info

Description

Actron Technology Corporation designs, develops, manufactures, and sells electronic components of vehicles for automakers worldwide. The company offers high and low cup, and JP pressfit diodes; dish diodes; and TO-220, standard, micro, and jumbo button diodes, as well as alternators, regulators, and anti-lock brake system controls. Actron Technology Corporation was founded in 1998 and is based in Taoyuan, Taiwan.

Details
Name: Actron Technology Corporation
8255
Exchange: GTSM
Founded: 1998
NT$7,046,501,000
91,513,000
Website: http://www.actron.com.tw
Address: Actron Technology Corporation
No. 12, Nankan Road,
Section 2,
Taoyuan,
338,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 8255 Common Stock Taipei Exchange TW TWD 07. Mar 2005
Number of employees
Current staff
Staff numbers
0
Actron Technology employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 17:06
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/08
Last earnings filing: 2020/03/08
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.