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Changs Ascending Enterprise

GTSM:8038
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8038
GTSM
NT$2B
Market Cap
  1. Home
  2. TW
  3. Capital Goods
Company description

Changs Ascending Enterprise Co., Ltd. engages in the research and development, manufacture, and sale of high performance rechargeable batteries and cell materials in Taiwan. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Changs Ascending Enterprise has significant price volatility in the past 3 months.
8038 Share Price and Events
7 Day Returns
-0.9%
GTSM:8038
2.2%
TW Electrical
0.4%
TW Market
1 Year Returns
-60%
GTSM:8038
-13.6%
TW Electrical
-10.7%
TW Market
8038 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Changs Ascending Enterprise (8038) -0.9% -23.6% -34.1% -60% -35.7% -25.5%
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
  • 8038 underperformed the Electrical industry which returned -13.6% over the past year.
  • 8038 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
8038
Industry
5yr Volatility vs Market

Value

 Is Changs Ascending Enterprise 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
  • It is not possible to calculate the future cash flow value for Changs Ascending Enterprise. This is due to cash flow or dividend data being unavailable. The share price is NT$27.5.
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 Changs Ascending Enterprise's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Changs Ascending Enterprise's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:8038 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$-0.51
GTSM:8038 Share Price ** GTSM (2020-04-01) in TWD NT$27.5
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 Changs Ascending Enterprise.

GTSM:8038 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:8038 Share Price ÷ EPS (both in TWD)

= 27.5 ÷ -0.51

-53.92x

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

  • Changs Ascending Enterprise is loss making, we can't compare its value to the TW Electrical industry average.
  • Changs Ascending Enterprise is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does Changs Ascending Enterprise's expected growth come at a high price?
Raw Data
GTSM:8038 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -53.92x
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 Changs Ascending Enterprise, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Changs Ascending Enterprise's assets?
Raw Data
GTSM:8038 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$9.88
GTSM:8038 Share Price * GTSM (2020-04-01) in TWD NT$27.5
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:8038 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:8038 Share Price ÷ Book Value per Share (both in TWD)

= 27.5 ÷ 9.88

2.78x

* Primary Listing of Changs Ascending Enterprise.

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

  • Changs Ascending Enterprise is overvalued based on assets compared to the TW Electrical industry average.
X
Value checks
We assess Changs Ascending Enterprise'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. Changs Ascending Enterprise 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.

Future Performance

 How is Changs Ascending Enterprise 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 Changs Ascending Enterprise 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 Changs Ascending Enterprise expected to grow at an attractive rate?
  • Unable to compare Changs Ascending Enterprise's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Changs Ascending Enterprise's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Changs Ascending Enterprise's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:8038 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:8038 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:8038 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:8038 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 328 -16 -30
2019-09-30 308 -50 -61
2019-06-30 235 -93 -87
2019-03-31 163 -87 -128
2018-12-31 79 -82 -153
2018-09-30 26 -63 -146
2018-06-30 16 -74 -149
2018-03-31 17 -91 -135
2017-12-31 18 -112 -170
2017-09-30 26 -75 -162
2017-06-30 60 -44 -157
2017-03-31 112 28 -116

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Changs Ascending Enterprise is high growth as no earnings estimate data is available.
  • Unable to determine if Changs Ascending Enterprise 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:8038 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 Changs Ascending Enterprise Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8038 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:8038 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 -0.51
2019-09-30 -1.05
2019-06-30 -1.54
2019-03-31 -2.28
2018-12-31 -2.73
2018-09-30 -2.60
2018-06-30 -2.65
2018-03-31 -2.41
2017-12-31 -3.03
2017-09-30 -2.88
2017-06-30 -2.78
2017-03-31 -2.07

*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 Changs Ascending Enterprise will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Changs Ascending Enterprise's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Changs Ascending Enterprise'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 Changs Ascending Enterprise'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.
Changs Ascending Enterprise 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 Changs Ascending Enterprise 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 Changs Ascending Enterprise'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.
  • Changs Ascending Enterprise does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Changs Ascending Enterprise's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Changs Ascending Enterprise's 1-year growth to the TW Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Changs Ascending Enterprise'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 Changs Ascending Enterprise Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8038 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 327.92 -30.17 75.10 24.15
2019-09-30 308.22 -60.64 72.18 22.56
2019-06-30 234.90 -87.30 71.93 20.14
2019-03-31 163.03 -128.21 68.00 19.92
2018-12-31 78.73 -153.48 65.99 20.60
2018-09-30 26.09 -146.33 67.16 22.12
2018-06-30 16.43 -148.76 69.40 23.74
2018-03-31 16.98 -135.46 74.13 22.64
2017-12-31 17.98 -170.31 75.62 23.05
2017-09-30 26.15 -161.72 77.95 21.08
2017-06-30 60.00 -156.67 78.57 20.26
2017-03-31 111.89 -116.11 76.91 21.08
2016-12-31 174.11 -53.65 79.17 18.49
2016-09-30 190.07 -31.85 79.35 21.97
2016-06-30 163.18 -0.86 80.52 30.26
2016-03-31 124.41 -43.29 80.11 38.45
2015-12-31 72.27 -80.23 72.66 45.72
2015-09-30 68.95 -108.72 83.51 47.28
2015-06-30 75.91 -146.57 95.42 43.62
2015-03-31 88.19 -145.00 104.41 38.73
2014-12-31 95.19 -136.38 115.66 36.05
2014-09-30 96.90 -123.04 109.73 35.59
2014-06-30 110.34 -96.38 91.71 32.46
2014-03-31 99.77 -76.70 79.69 29.99
2013-12-31 100.04 -70.05 70.45 31.18
2013-09-30 83.72 -77.25 60.92 29.59
2013-06-30 77.47 -76.34 59.43 29.29

*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.
  • It is difficult to establish if Changs Ascending Enterprise has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Changs Ascending Enterprise has efficiently used its assets last year compared to the TW Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Changs Ascending Enterprise improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Changs Ascending Enterprise'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.
Changs Ascending Enterprise 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 Changs Ascending Enterprise'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 Changs Ascending Enterprise's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Changs Ascending Enterprise is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Changs Ascending Enterprise's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Changs Ascending Enterprise'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 2x 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 Changs Ascending Enterprise Company Filings, last reported 3 months ago.

GTSM:8038 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 679.88 287.65 350.36
2019-09-30 690.57 323.02 360.11
2019-06-30 696.18 313.78 335.81
2019-03-31 532.96 339.65 188.68
2018-12-31 522.23 448.00 122.41
2018-09-30 558.60 500.76 252.01
2018-06-30 588.14 465.61 241.19
2018-03-31 633.07 446.00 236.53
2017-12-31 655.82 433.00 236.22
2017-09-30 690.96 423.00 252.51
2017-06-30 725.24 427.50 351.14
2017-03-31 757.00 426.24 364.59
2016-12-31 819.29 425.00 364.72
2016-09-30 854.34 413.73 377.90
2016-06-30 884.19 356.01 340.40
2016-03-31 827.33 370.65 348.97
2015-12-31 752.96 388.79 424.06
2015-09-30 768.96 387.14 483.92
2015-06-30 711.61 385.50 467.35
2015-03-31 762.83 383.88 499.53
2014-12-31 801.15 382.29 520.56
2014-09-30 832.93 380.67 556.82
2014-06-30 867.83 168.99 306.15
2014-03-31 906.02 173.38 328.99
2013-12-31 931.12 177.75 380.65
2013-09-30 558.17 217.10 90.74
2013-06-30 569.56 220.00 118.36
  • Changs Ascending Enterprise's level of debt (42.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.7% vs 42.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Changs Ascending Enterprise has sufficient cash runway for more than 3 years based on current free cash flow.
  • Changs Ascending Enterprise has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -11.5% each year.
X
Financial health checks
We assess Changs Ascending Enterprise'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. Changs Ascending Enterprise 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 Changs Ascending Enterprise's current dividend yield, its reliability and sustainability?

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:8038 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:8038 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Changs Ascending Enterprise has not reported any payouts.
  • Unable to verify if Changs Ascending Enterprise's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Changs Ascending Enterprise's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Changs Ascending Enterprise has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Changs Ascending Enterprise'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 Changs Ascending Enterprise afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Changs Ascending Enterprise has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Changs Ascending Enterprise'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
Donny Chang
CEO Bio

Mr. C. Y. Chang, also known as Donny, MBA serves as Chief Executive Officer at Changs Ascending Enterprise Co., Ltd. Mr. Chang has over 20 years experience in research and development of cathode / battery materials Thompson University USA.

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

Donny Chang

TITLE
Chief Executive Officer

James Chang

TITLE
Chief Financial Officer

Jimmy Chang

TITLE
Chief Scientist
Board of Directors

Hsiu Chang

TITLE
Chairman

Chun Yu Chan

TITLE
Director

Chun Jei Chang

TITLE
Director

An Yang Po

TITLE
Independent Director

Hua Liu Kuo

TITLE
Independent Director

Chuen-Fa Chuang

TITLE
Independent 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 Changs Ascending Enterprise'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. Changs Ascending Enterprise 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

Changs Ascending Enterprise Co., Ltd. engages in the research and development, manufacture, and sale of high performance rechargeable batteries and cell materials in Taiwan. The company offers vehicle batteries, including starter batteries for golf carts, forklifts, and hybrids and E-cars; and electronic storage systems (ESS) and uninterruptible power supply (UPS) systems for use in office and home applications, ESS UPC backup power, off the grid applications, and solar LED lights. It also provides grid and industrial ESS/UPS energy storage and back-up systems for large UPS, micro grid ESS, mission critical UPS, and traffic light back-up applications. The company was formerly known as Changs Enterprise Co., Ltd. and changed its name to Changs Ascending Enterprise Co., Ltd. in July 2000. Changs Ascending Enterprise Co., Ltd. was founded in 1997 and is based in Taichung, Taiwan.

Details
Name: Changs Ascending Enterprise Co., Ltd.
8038
Exchange: GTSM
Founded: 1997
NT$1,644,830,000
59,812,000
Website: http://www.caec.com.tw
Address: Changs Ascending Enterprise Co., Ltd.
9 Keya East Road,
Xitun District,
Taichung,
407,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 8038 Common Stock Taipei Exchange TW TWD 28. Apr 2006
Number of employees
Current staff
Staff numbers
63
Changs Ascending Enterprise employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 14:41
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2020/03/28
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.