Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

StrongLED Lighting Systems (Cayman)

GTSM:5281
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5281
GTSM
NT$662M
Market Cap
  1. Home
  2. TW
  3. Capital Goods
Company description

StrongLED Lighting Systems (Cayman) Co., Ltd., an investment holding, researches, develops, manufactures, and sells LED lighting equipment in China. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • StrongLED Lighting Systems (Cayman) has significant price volatility in the past 3 months.
5281 Share Price and Events
7 Day Returns
4.1%
GTSM:5281
2.2%
TW Electrical
0.4%
TW Market
1 Year Returns
-55.9%
GTSM:5281
-13.6%
TW Electrical
-10.7%
TW Market
5281 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
StrongLED Lighting Systems (Cayman) (5281) 4.1% -19.9% -32.6% -55.9% -25.1% -
TW Electrical 2.2% -13.7% -19.6% -13.6% -9.8% -4.6%
TW Market 0.4% -13.8% -20.2% -10.7% -4.7% -0.3%
1 Year Return vs Industry and Market
  • 5281 underperformed the Electrical industry which returned -13.6% over the past year.
  • 5281 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
5281
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for StrongLED Lighting Systems (Cayman)'s competitors could be found in our database.

Value

 Is StrongLED Lighting Systems (Cayman) 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 StrongLED Lighting Systems (Cayman) 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 StrongLED Lighting Systems (Cayman).

GTSM:5281 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8%
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:5281
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.115 (1 + (1- 21%) (43.65%))
1.335
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.335 * 5.44%)
7.97%

Discounted Cash Flow Calculation for GTSM:5281 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for StrongLED Lighting Systems (Cayman) 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:5281 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 7.97%)
2020 835.19 Est @ 55.81% 773.52
2021 1,163.25 Est @ 39.28% 997.80
2022 1,485.57 Est @ 27.71% 1,180.19
2023 1,776.88 Est @ 19.61% 1,307.39
2024 2,024.56 Est @ 13.94% 1,379.64
2025 2,226.42 Est @ 9.97% 1,405.17
2026 2,386.56 Est @ 7.19% 1,395.02
2027 2,511.80 Est @ 5.25% 1,359.81
2028 2,609.42 Est @ 3.89% 1,308.35
2029 2,685.96 Est @ 2.93% 1,247.29
Present value of next 10 years cash flows NT$12,354.00
GTSM:5281 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$2,685.96 × (1 + 0.71%) ÷ (7.97% – 0.71%)
NT$37,246.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$37,246.54 ÷ (1 + 7.97%)10
NT$17,296.33
GTSM:5281 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$12,354.00 + NT$17,296.33
NT$29,650.33
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$29,650.33 / 37.01
NT$801.14
GTSM:5281 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$801.14
Current discount Discount to share price of NT$17.90
= -1 x (NT$17.90 - NT$801.14) / NT$801.14
97.8%

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

Current Discount
Amount off the current price StrongLED Lighting Systems (Cayman) is available for.
Intrinsic value
>50%
Share price is NT$17.9 vs Future cash flow value of NT$801.14
Current Discount Checks
For StrongLED Lighting Systems (Cayman) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • StrongLED Lighting Systems (Cayman)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • StrongLED Lighting Systems (Cayman)'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 StrongLED Lighting Systems (Cayman)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are StrongLED Lighting Systems (Cayman)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5281 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.85
GTSM:5281 Share Price ** GTSM (2020-04-01) in TWD NT$17.9
Taiwan, Province of China Electrical Industry PE Ratio Median Figure of 59 Publicly-Listed Electrical Companies 13.12x
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 StrongLED Lighting Systems (Cayman).

GTSM:5281 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5281 Share Price ÷ EPS (both in TWD)

= 17.9 ÷ 0.85

21.06x

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

  • StrongLED Lighting Systems (Cayman) is overvalued based on earnings compared to the TW Electrical industry average.
  • StrongLED Lighting Systems (Cayman) is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does StrongLED Lighting Systems (Cayman)'s expected growth come at a high price?
Raw Data
GTSM:5281 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Taiwan, Province of China Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1.85x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.04x

*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 StrongLED Lighting Systems (Cayman), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on StrongLED Lighting Systems (Cayman)'s assets?
Raw Data
GTSM:5281 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$23.53
GTSM:5281 Share Price * GTSM (2020-04-01) in TWD NT$17.9
Taiwan, Province of China Electrical Industry PB Ratio Median Figure of 78 Publicly-Listed Electrical Companies 0.96x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:5281 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5281 Share Price ÷ Book Value per Share (both in TWD)

= 17.9 ÷ 23.53

0.76x

* Primary Listing of StrongLED Lighting Systems (Cayman).

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

  • StrongLED Lighting Systems (Cayman) is good value based on assets compared to the TW Electrical industry average.
X
Value checks
We assess StrongLED Lighting Systems (Cayman)'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. StrongLED Lighting Systems (Cayman) 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 StrongLED Lighting Systems (Cayman) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as StrongLED Lighting Systems (Cayman) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.6%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is StrongLED Lighting Systems (Cayman) expected to grow at an attractive rate?
  • Unable to compare StrongLED Lighting Systems (Cayman)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare StrongLED Lighting Systems (Cayman)'s earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare StrongLED Lighting Systems (Cayman)'s revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5281 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Electrical Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Taiwan, Province of China Electrical Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.1%
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:5281 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5281 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:5281 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,231 584 31
2019-09-30 1,307 425 -14
2019-06-30 1,390 234 5
2019-03-31 1,496 -42 31
2018-12-31 1,734 -148 122
2018-09-30 1,832 -201 196
2018-06-30 1,826 43 219
2018-03-31 1,763 69 216
2017-12-31 1,422 146 133
2017-09-30 1,150 113 96
2017-06-30 1,131 69 106
2017-03-31 896 113 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if StrongLED Lighting Systems (Cayman) is high growth as no earnings estimate data is available.
  • Unable to determine if StrongLED Lighting Systems (Cayman) 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:5281 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 0 Analyst Estimates (S&P Global) See Below

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

GTSM:5281 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:5281 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.85
2019-09-30 -0.39
2019-06-30 0.13
2019-03-31 0.84
2018-12-31 3.31
2018-09-30 5.29
2018-06-30 5.91
2018-03-31 5.84
2017-12-31 3.58
2017-09-30 2.60
2017-06-30 2.87
2017-03-31 1.62

*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 StrongLED Lighting Systems (Cayman) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether StrongLED Lighting Systems (Cayman) is trading at StrongLED Lighting Systems (Cayman)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. StrongLED Lighting Systems (Cayman)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess StrongLED Lighting Systems (Cayman)'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.
StrongLED Lighting Systems (Cayman) 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 StrongLED Lighting Systems (Cayman) 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 StrongLED Lighting Systems (Cayman)'s growth in the last year to its industry (Electrical).
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.
  • StrongLED Lighting Systems (Cayman)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • StrongLED Lighting Systems (Cayman)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • StrongLED Lighting Systems (Cayman)'s 1-year earnings growth is negative, it can't be compared to the TW Electrical industry average.
Earnings and Revenue History
StrongLED Lighting Systems (Cayman)'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 StrongLED Lighting Systems (Cayman) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5281 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 1,231.44 31.35 186.41 78.48
2019-09-30 1,307.49 -14.41 254.06 85.17
2019-06-30 1,389.78 4.70 241.66 82.89
2019-03-31 1,495.97 31.01 258.11 82.12
2018-12-31 1,734.11 122.41 259.60 79.12
2018-09-30 1,831.56 195.64 266.76 68.35
2018-06-30 1,826.27 218.72 264.87 61.73
2018-03-31 1,762.57 216.23 238.48 52.12
2017-12-31 1,422.42 132.57 219.94 45.25
2017-09-30 1,149.58 96.41 197.89 40.77
2017-06-30 1,131.10 106.09 186.81 41.53
2017-03-31 895.77 59.86 185.77 43.89
2016-12-31 861.17 63.56 185.11 45.08
2016-09-30 866.29 65.18 184.13 44.18
2016-06-30 675.04 31.82 172.47 42.04
2016-03-31 871.35 93.86 175.89 43.16
2015-12-31 834.94 85.94 178.80 41.46
2015-09-30 824.28 93.35 175.14 38.87
2015-06-30 832.71 106.18 176.45 36.18
2015-03-31 645.31 55.42 174.28 32.12
2014-12-31 633.69 61.98 161.29 30.76
2013-12-31 586.57 64.44 148.16 35.06

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • StrongLED Lighting Systems (Cayman) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • StrongLED Lighting Systems (Cayman)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of StrongLED Lighting Systems (Cayman)'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 3.6x 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 StrongLED Lighting Systems (Cayman) Company Filings, last reported 3 months ago.

GTSM:5281 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 860.01 288.70 604.60
2019-09-30 888.46 287.04 397.88
2019-06-30 922.06 384.86 461.89
2019-03-31 954.55 453.22 348.55
2018-12-31 941.74 469.34 273.04
2018-09-30 951.29 604.64 360.44
2018-06-30 949.44 349.39 251.90
2018-03-31 954.85 289.27 342.93
2017-12-31 831.69 232.50 269.83
2017-09-30 771.17 181.81 246.00
2017-06-30 714.64 152.30 105.56
2017-03-31 668.86 110.04 78.73
2016-12-31 703.09 115.29 81.36
2016-09-30 702.14 91.47 204.15
2016-06-30 670.32 94.43 183.52
2016-03-31 713.62 74.58 204.87
2015-12-31 580.69 95.52 237.37
2015-09-30 587.38 95.65 275.94
2015-06-30 542.55 89.84 299.72
2015-03-31 503.77 91.08 178.55
2014-12-31 515.17 0.00 117.45
2013-12-31 436.12 21.07 170.64
  • StrongLED Lighting Systems (Cayman)'s level of debt (33.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.2% vs 33.6% today).
  • Debt is well covered by operating cash flow (202.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess StrongLED Lighting Systems (Cayman)'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. StrongLED Lighting Systems (Cayman) 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.

Dividends

 What is StrongLED Lighting Systems (Cayman)'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
5.59%
Current annual income from StrongLED Lighting Systems (Cayman) dividends.
If you bought NT$2,000 of StrongLED Lighting Systems (Cayman) shares you are expected to receive NT$112 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?
  • StrongLED Lighting Systems (Cayman)'s pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.26%).
  • StrongLED Lighting Systems (Cayman)'s dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (7.08%).
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:5281 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 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Electrical Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 4.9%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1329 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 3.3%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

GTSM:5281 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
GTSM:5281 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-04-01 1.000 3.744
2018-03-28 1.000 1.750
2017-03-29 0.200 0.707

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

  • Whilst dividend payments have been stable, StrongLED Lighting Systems (Cayman) has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but StrongLED Lighting Systems (Cayman) only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of StrongLED Lighting Systems (Cayman)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x 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 StrongLED Lighting Systems (Cayman)'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 StrongLED Lighting Systems (Cayman) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. StrongLED Lighting Systems (Cayman) has a total score of 1/6, 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 StrongLED Lighting Systems (Cayman)'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.
  • StrongLED Lighting Systems (Cayman) has no CEO, or we have no data on them.
Management Team

Pei-Chin Chang Shih

TITLE
President & Director
TENURE
2.3 yrs

Che Chen

TITLE
Financial & Accounting Dept. Manager
TENURE
2.3 yrs

Chen Cheng

TITLE
Chief Marketing Officer

Wei Li

TITLE
Chief of Research and Development

Chen Ping

TITLE
Auditing Chief
Board of Directors Tenure

Average tenure of the StrongLED Lighting Systems (Cayman) board of directors in years:

6.3
Average Tenure
  • The tenure for the StrongLED Lighting Systems (Cayman) board of directors is about average.
Board of Directors

Chang Ruei

TITLE
Chairman

Pei-Chin Chang Shih

TITLE
President & Director
TENURE
1.8 yrs

Wang Kuo

TITLE
Independent Director
TENURE
7.8 yrs

Cheng Chiu

TITLE
Independent Director
TENURE
6.1 yrs

Chih Tseng

TITLE
Director
TENURE
7.8 yrs

Hsieh Hsueh

TITLE
Director
TENURE
6.3 yrs

Liao Chih

TITLE
Independent Director
TENURE
6.3 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 StrongLED Lighting Systems (Cayman)'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. StrongLED Lighting Systems (Cayman) 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

StrongLED Lighting Systems (Cayman) Co., Ltd., an investment holding, researches, develops, manufactures, and sells LED lighting equipment in China. The company offers outdoor LED lighting products, including LED flood lights, linear lights, dot pixel lights, and in-ground/underwater lights; and indoor LED lighting products, such as LED wall washers, wall grazers, linear lights, flexible strips, downlights, dot pixel lights, and module lights, as well as smart lighting products, panel lights, and pendant lights. It also provides LED lighting control systems and software; intelligent lighting controllers, touch control panels, and LED lighting circuit expanders; and LED power supplies for indoor and outdoor lighting systems. The company was founded in 2002 and is based in Grand Cayman, the Cayman Islands.

Details
Name: StrongLED Lighting Systems (Cayman) Co., Ltd.
5281
Exchange: GTSM
Founded: 2002
NT$662,479,000
37,010,000
Website: http://www.strongled.com
Address: StrongLED Lighting Systems (Cayman) Co., Ltd.
The Grand Pavilion Commercial Centre,
Oleander Way, 802,
Grand Cayman,
Grand Cayman, KY1-1208,
Cayman Islands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5281 Common Stock Taipei Exchange TW TWD 30. Mar 2016
Number of employees
Current staff
Staff numbers
0
StrongLED Lighting Systems (Cayman) employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 17:57
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2020/03/26
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.