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Well Shin Technology

TSEC:3501
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3501
TSEC
NT$5B
Market Cap
  1. Home
  2. TW
  3. Capital Goods
Company description

Well Shin Technology Co., Ltd. develops and sells household power cords in Taiwan and internationally. The last earnings update was 11 days ago. More info.


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3501 Share Price and Events
7 Day Returns
0.6%
TSEC:3501
1.3%
TW Electrical
-0.2%
TW Market
1 Year Returns
-26.8%
TSEC:3501
-13.6%
TW Electrical
-10.7%
TW Market
3501 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Well Shin Technology (3501) 0.6% -12.6% -17.6% -26.8% -23.1% -16.3%
TW Electrical 1.3% -14.4% -18.8% -13.6% -9.5% -4.4%
TW Market -0.2% -14.9% -19.2% -10.7% -4.1% -0.7%
1 Year Return vs Industry and Market
  • 3501 underperformed the Electrical industry which returned -13.6% over the past year.
  • 3501 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
3501
Industry
5yr Volatility vs Market

3501 Value

 Is Well Shin 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 Well Shin 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 Well Shin Technology.

TSEC:3501 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 7.8%
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 TSEC:3501
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 20%) (11.3%))
1.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.141 * 6.21%)
7.8%

Discounted Cash Flow Calculation for TSEC:3501 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Well Shin Technology 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.

TSEC:3501 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 7.8%)
2020 1,612.44 Est @ 52.06% 1,495.81
2021 2,203.44 Est @ 36.65% 1,896.22
2022 2,773.46 Est @ 25.87% 2,214.13
2023 3,281.61 Est @ 18.32% 2,430.30
2024 3,709.48 Est @ 13.04% 2,548.47
2025 4,055.93 Est @ 9.34% 2,584.94
2026 4,329.74 Est @ 6.75% 2,559.85
2027 4,543.57 Est @ 4.94% 2,491.97
2028 4,710.32 Est @ 3.67% 2,396.57
2029 4,841.36 Est @ 2.78% 2,285.07
Present value of next 10 years cash flows NT$22,903.00
TSEC:3501 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$4,841.36 × (1 + 0.71%) ÷ (7.8% – 0.71%)
NT$68,798.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$68,798.13 ÷ (1 + 7.8%)10
NT$32,472.03
TSEC:3501 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$22,903.00 + NT$32,472.03
NT$55,375.03
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$55,375.03 / 118.26
NT$468.26
TSEC:3501 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$468.26
Current discount Discount to share price of NT$41.00
= -1 x (NT$41.00 - NT$468.26) / NT$468.26
91.2%

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

Current Discount
Amount off the current price Well Shin Technology is available for.
Intrinsic value
>50%
Share price is NT$41 vs Future cash flow value of NT$468.26
Current Discount Checks
For Well Shin Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Well Shin Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Well Shin Technology'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 Well Shin Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Well Shin Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:3501 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$4.40
TSEC:3501 Share Price ** TSEC (2020-04-06) in TWD NT$41
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 1,474 Publicly-Listed Companies 14.01x

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

** Primary Listing of Well Shin Technology.

TSEC:3501 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:3501 Share Price ÷ EPS (both in TWD)

= 41 ÷ 4.40

9.32x

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

  • Well Shin Technology is good value based on earnings compared to the TW Electrical industry average.
  • Well Shin Technology is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Well Shin Technology's expected growth come at a high price?
Raw Data
TSEC:3501 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.32x
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 1.08x

*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 Well Shin Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Well Shin Technology's assets?
Raw Data
TSEC:3501 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$49.32
TSEC:3501 Share Price * TSEC (2020-04-06) in TWD NT$41
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
TSEC:3501 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:3501 Share Price ÷ Book Value per Share (both in TWD)

= 41 ÷ 49.32

0.83x

* Primary Listing of Well Shin Technology.

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

  • Well Shin Technology is good value based on assets compared to the TW Electrical industry average.
X
Value checks
We assess Well Shin 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 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. Well Shin Technology has a total score of 5/6, 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.

3501 Future Performance

 How is Well Shin Technology 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 Well Shin Technology 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 Well Shin Technology expected to grow at an attractive rate?
  • Unable to compare Well Shin Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Well Shin Technology's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Well Shin Technology's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSEC:3501 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%
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
TSEC:3501 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.
TSEC:3501 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSEC:3501 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,862 1,302 520
2019-09-30 5,272 944 571
2019-06-30 5,542 901 680
2019-03-31 5,545 765 737
2018-12-31 5,522 726 708
2018-09-30 5,377 695 670
2018-06-30 5,202 282 579
2018-03-31 5,003 56 474
2017-12-31 4,987 263 527
2017-09-30 4,855 432 645
2017-06-30 4,721 680 630
2017-03-31 4,792 1,038 626

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Well Shin Technology is high growth as no earnings estimate data is available.
  • Unable to determine if Well Shin 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
TSEC:3501 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 Well Shin Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:3501 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSEC:3501 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 4.40
2019-09-30 4.83
2019-06-30 5.75
2019-03-31 6.23
2018-12-31 5.99
2018-09-30 5.67
2018-06-30 4.90
2018-03-31 4.01
2017-12-31 4.46
2017-09-30 5.45
2017-06-30 5.33
2017-03-31 5.29

*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 Well Shin Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Well Shin Technology is trading at Well Shin Technology'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. Well Shin Technology'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 Well Shin 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.
Well Shin 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.

3501 Past Performance

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

TSEC:3501 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 4,861.90 520.49 586.94 42.59
2019-09-30 5,271.78 571.21 688.63 42.55
2019-06-30 5,541.76 680.29 695.04 40.55
2019-03-31 5,544.58 737.13 732.71 39.57
2018-12-31 5,522.11 707.88 716.30 35.28
2018-09-30 5,376.98 670.03 677.93 38.09
2018-06-30 5,201.69 578.95 682.59 38.11
2018-03-31 5,002.95 474.38 667.53 35.94
2017-12-31 4,986.95 527.35 673.15 36.62
2017-09-30 4,854.80 645.03 710.25 34.04
2017-06-30 4,720.72 629.84 700.61 32.62
2017-03-31 4,792.39 625.90 703.36 38.70
2016-12-31 4,921.24 701.97 710.53 40.21
2016-09-30 5,055.46 645.88 703.22 46.55
2016-06-30 5,337.37 747.38 738.91 52.56
2016-03-31 5,439.27 775.47 741.08 50.31
2015-12-31 5,421.30 734.59 735.66 49.83
2015-09-30 5,632.56 733.92 712.99 54.62
2015-06-30 5,459.36 592.74 689.15 51.44
2015-03-31 5,433.60 507.45 672.44 53.02
2014-12-31 5,357.89 459.35 673.86 58.12
2014-09-30 5,119.93 387.57 673.35 54.13
2014-06-30 5,099.99 369.36 662.59 55.32
2014-03-31 5,190.05 422.38 658.29 56.95
2013-12-31 5,277.18 476.62 652.95 48.93
2013-09-30 5,441.71 526.33 651.15 47.37
2013-06-30 5,429.03 522.70 650.43 45.58

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

3501 Health

 How is Well Shin 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 Well Shin Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Well Shin Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Well Shin Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Well Shin 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 8.8x 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 Well Shin Technology Company Filings, last reported 3 months ago.

TSEC:3501 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,833.06 545.00 2,208.14
2019-09-30 5,802.04 695.00 1,820.87
2019-06-30 5,758.92 603.91 1,858.00
2019-03-31 6,026.28 704.35 1,722.08
2018-12-31 5,864.20 783.54 1,883.09
2018-09-30 5,695.64 1,113.27 2,040.72
2018-06-30 5,541.83 1,104.45 2,280.39
2018-03-31 5,677.71 1,292.85 2,300.63
2017-12-31 5,593.34 1,262.24 2,342.18
2017-09-30 5,491.15 1,182.13 2,223.86
2017-06-30 5,271.04 563.65 2,252.25
2017-03-31 5,544.80 448.05 2,140.25
2016-12-31 5,622.57 334.63 2,044.45
2016-09-30 5,433.38 605.20 2,128.85
2016-06-30 5,361.74 136.34 2,033.01
2016-03-31 5,759.75 137.29 1,760.51
2015-12-31 5,634.87 237.46 1,620.46
2015-09-30 5,472.83 288.82 1,109.91
2015-06-30 5,082.14 337.30 1,337.26
2015-03-31 5,258.36 290.35 1,236.18
2014-12-31 5,146.72 290.74 1,193.78
2014-09-30 4,843.56 289.47 1,012.35
2014-06-30 4,634.39 88.49 1,399.84
2014-03-31 4,935.67 100.14 1,437.48
2013-12-31 4,852.57 98.97 1,305.37
2013-09-30 4,707.40 325.20 1,313.34
2013-06-30 4,561.34 283.99 1,697.23
  • Well Shin Technology's level of debt (9.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.6% vs 9.3% today).
  • Debt is well covered by operating cash flow (238.9%, greater than 20% of total debt).
  • Well Shin Technology earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Well Shin 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. Well Shin 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.

3501 Dividends

 What is Well Shin 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
7.32%
Current annual income from Well Shin Technology dividends.
If you bought NT$2,000 of Well Shin Technology shares you are expected to receive NT$146 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?
  • Well Shin Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Well Shin Technology's dividend is above the markets top 25% of dividend payers in Taiwan, Province of China (6.93%).
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
TSEC:3501 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 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 6.9%

Industry and Market average data is calculated daily.

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

TSEC:3501 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
TSEC:3501 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-26 3.000 7.345
2019-03-26 3.500 6.980
2018-03-26 3.200 6.220
2017-03-23 4.000 7.292
2017-03-22 4.000 7.444
2016-03-25 4.000 7.878
2015-03-25 2.600 5.466
2014-03-28 3.000 5.843
2013-03-27 3.200 6.344
2012-03-29 3.000 7.260
2011-10-28 3.726 10.087
2011-08-26 3.726 10.835
2011-04-29 3.726 8.980
2011-04-14 3.726 7.567
2010-04-30 3.364 6.293
2010-04-12 3.364 5.737
2010-01-15 3.364 6.088
2009-04-30 1.414 3.144
2009-04-20 1.414 4.576

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Well Shin Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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 Well Shin 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 Well Shin Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Well Shin Technology has a total score of 4/6, see the detailed checks below.


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

3501 Management

 What is the CEO of Well Shin 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
Rui Wu
CEO Bio

Rui Xiong Wu serves as President of Well Shin Technology Company Ltd. Rui Xiong Wu served as Chairman of Well Shin Technology Co., Ltd.

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

Rui Wu

TITLE
President

Xiu-Feng Wu

TITLE
Vice President

Zhong Wu

TITLE
Vice President of Material Management Division and Director
Board of Directors

Rui Wu

TITLE
Chairman

Zhong Wu

TITLE
Vice President of Material Management Division and Director

Yu Qiu

TITLE
Director

Jie Wang

TITLE
Director

Xiao Li

TITLE
Director

Kun Wu

TITLE
Director

Xiao Yin

TITLE
Director

Qi-Wei Luo

TITLE
Director

Kun-Huang Lin

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 Well Shin 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. Well Shin 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.

3501 News

Simply Wall St News

3501 Company Info

Description

Well Shin Technology Co., Ltd. develops and sells household power cords in Taiwan and internationally. It offers locking cords, AC power cord sets, AC/DC adapter kits, and AC sockets. The company also provides AC plugs and connectors, AC plug and connector assemblies, adapters, sockets, power strips, AC/DC power chargers, hardware and terminal products, PVC and rubber wires and cables, halogen free cables, electric vehicle cables and connectors, wireless rourters, and other products, as well as smart home solutions. In addition, it offers RV camp power, marine shore power, construction gen power, hospital med power, trailer/truck towing power, industrial, home and garden, smart gadgets, and EV green power products. The company offers its products under the Smartbears, PLUGO, and Conntek brand names. It also sells its products online. The company was formerly known as Well Shin Enterprise Co., Ltd. and changed its name to Well Shin Technology Co., Ltd. in 2002. Well Shin Technology Co., Ltd. was founded in 1986 and is headquartered in Taipei City, Taiwan.

Details
Name: Well Shin Technology Co., Ltd.
3501
Exchange: TSEC
Founded: 1986
NT$4,848,575,007
118,257,927
Website: http://www.wellshin.com.tw
Address: Well Shin Technology Co., Ltd.
No. 196, Xinhu 3rd Road,
Neihu District,
Taipei City,
114,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 3501 Common Stock Taiwan Stock Exchange TW TWD 16. Jul 2007
Number of employees
Current staff
Staff numbers
0
Well Shin Technology employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 15:50
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/03/26
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.