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AcBel Polytech

TSEC:6282
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6282
TSEC
NT$9B
Market Cap
  1. Home
  2. TW
  3. Capital Goods
Company description

AcBel Polytech Inc. develops, manufactures, and sells power management solutions worldwide. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • AcBel Polytech has significant price volatility in the past 3 months.
6282 Share Price and Events
7 Day Returns
1.4%
TSEC:6282
1.3%
TW Electrical
-0.2%
TW Market
1 Year Returns
-12.6%
TSEC:6282
-13.6%
TW Electrical
-10.7%
TW Market
6282 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AcBel Polytech (6282) 1.4% -20.3% -23.1% -12.6% -23.8% -42.5%
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
  • 6282 outperformed the Electrical industry which returned -13.6% over the past year.
  • 6282 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
6282
Industry
5yr Volatility vs Market
Related Companies

6282 Value

 Is AcBel Polytech 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 AcBel Polytech 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 AcBel Polytech.

TSEC:6282 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in TWD NT$ 1.000000
Payout Ratio Company Filings (2019-12-31) 7054.1%
Discount Rate (Cost of Equity) See below 9%
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:6282
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%) (29.77%))
1.33
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.33 * 6.21%)
8.97%

Discounted Cash Flow Calculation for TSEC:6282 using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

TSEC:6282 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$1 / (8.97% - 0.71%)
NT$12.11
TSEC:6282 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$12.11
Current discount Discount to share price of NT$18.30
= -1 x (NT$18.30 - NT$12.11) / NT$12.11
-51.1%

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

  • The current share price of AcBel Polytech is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AcBel Polytech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AcBel Polytech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:6282 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$2.87
TSEC:6282 Share Price ** TSEC (2020-04-06) in TWD NT$18.3
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 AcBel Polytech.

TSEC:6282 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:6282 Share Price ÷ EPS (both in TWD)

= 18.3 ÷ 2.87

6.37x

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

  • AcBel Polytech is good value based on earnings compared to the TW Electrical industry average.
  • AcBel Polytech is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does AcBel Polytech's expected growth come at a high price?
Raw Data
TSEC:6282 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Taiwan, Province of China 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 AcBel Polytech, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AcBel Polytech's assets?
Raw Data
TSEC:6282 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$17.90
TSEC:6282 Share Price * TSEC (2020-04-06) in TWD NT$18.3
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:6282 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:6282 Share Price ÷ Book Value per Share (both in TWD)

= 18.3 ÷ 17.90

1.02x

* Primary Listing of AcBel Polytech.

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

  • AcBel Polytech is overvalued based on assets compared to the TW Electrical industry average.
X
Value checks
We assess AcBel Polytech'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. AcBel Polytech has a total score of 2/6, 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.

6282 Future Performance

 How is AcBel Polytech expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.6%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AcBel Polytech expected to grow at an attractive rate?
  • Unable to compare AcBel Polytech's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AcBel Polytech's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare AcBel Polytech's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSEC:6282 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:6282 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSEC:6282 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 21,242 1
2020-04-06
TSEC:6282 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 20,584 957 1,485
2019-09-30 20,689 368 1,528
2019-06-30 20,613 -452 659
2019-03-31 20,115 227 1,185
2018-12-31 18,733 -411 1,005
2018-09-30 18,136 -388 970
2018-06-30 17,621 -315 1,068
2018-03-31 17,327 -1,014 122
2017-12-31 17,802 230 311
2017-09-30 18,254 585 419
2017-06-30 18,765 925 365
2017-03-31 19,228 947 428

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AcBel Polytech is high growth as no earnings estimate data is available.
  • Unable to determine if AcBel Polytech 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:6282 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

TSEC:6282 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-04-06
TSEC:6282 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 2.87
2019-09-30 2.96
2019-06-30 1.28
2019-03-31 2.29
2018-12-31 1.95
2018-09-30 1.88
2018-06-30 2.07
2018-03-31 0.24
2017-12-31 0.60
2017-09-30 0.81
2017-06-30 0.71
2017-03-31 0.83

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

6282 Past Performance

  How has AcBel Polytech 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 AcBel Polytech'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.
  • AcBel Polytech's year on year earnings growth rate has been positive over the past 5 years.
  • AcBel Polytech's 1-year earnings growth exceeds its 5-year average (47.7% vs 8.8%)
  • AcBel Polytech's earnings growth has exceeded the TW Electrical industry average in the past year (47.7% vs 2.4%).
Earnings and Revenue History
AcBel Polytech'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 AcBel Polytech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:6282 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 20,583.56 1,484.57 1,578.89 1,299.54
2019-09-30 20,688.68 1,527.89 1,483.39 1,215.56
2019-06-30 20,613.23 659.13 1,387.66 1,172.30
2019-03-31 20,115.31 1,184.68 1,359.79 1,166.68
2018-12-31 18,732.66 1,005.42 1,284.42 1,147.61
2018-09-30 18,136.00 969.61 1,328.89 1,101.80
2018-06-30 17,620.63 1,067.71 1,357.84 1,097.73
2018-03-31 17,327.20 122.14 1,372.31 1,072.24
2017-12-31 17,801.69 310.95 1,388.15 1,067.87
2017-09-30 18,253.81 419.24 1,382.44 1,097.00
2017-06-30 18,764.93 365.28 1,415.17 1,080.51
2017-03-31 19,227.59 428.33 1,449.07 1,066.05
2016-12-31 19,749.53 520.86 1,484.70 1,057.59
2016-09-30 20,150.48 550.28 1,507.20 1,031.62
2016-06-30 20,346.34 735.23 1,533.41 1,017.50
2016-03-31 20,372.30 696.12 1,534.73 1,017.04
2015-12-31 20,836.09 670.77 1,568.92 1,017.46
2015-09-30 21,483.22 774.41 1,647.91 1,034.57
2015-06-30 22,404.02 797.47 1,646.10 1,040.45
2015-03-31 23,976.07 1,015.98 1,677.31 1,034.97
2014-12-31 24,084.81 1,100.66 1,675.61 1,015.54
2014-09-30 24,162.92 1,157.07 1,631.97 1,002.35
2014-06-30 24,320.17 1,110.21 1,663.93 982.55
2014-03-31 24,221.77 1,134.52 1,693.72 969.34
2013-12-31 24,594.87 1,248.17 1,689.82 950.78
2013-09-30 24,935.40 1,197.86 1,584.28 931.53
2013-06-30 25,005.13 1,251.05 1,658.94 923.82

*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.
  • AcBel Polytech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AcBel Polytech used its assets more efficiently than the TW Electrical industry average last year based on Return on Assets.
  • AcBel Polytech's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AcBel Polytech'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.
AcBel Polytech has a total score of 4/6, 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.

6282 Health

 How is AcBel Polytech'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 AcBel Polytech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AcBel Polytech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AcBel Polytech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AcBel Polytech'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 6.2x 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 AcBel Polytech Company Filings, last reported 3 months ago.

TSEC:6282 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9,872.54 2,711.04 6,884.65
2019-09-30 9,745.87 2,806.37 6,925.40
2019-06-30 8,753.02 2,858.95 6,606.43
2019-03-31 8,772.57 1,897.11 5,194.41
2018-12-31 8,659.92 1,334.58 4,849.54
2018-09-30 8,496.24 1,127.34 4,881.45
2018-06-30 8,487.83 1,014.44 5,702.47
2018-03-31 7,917.24 835.11 3,249.55
2017-12-31 8,049.84 699.30 3,079.61
2017-09-30 8,039.88 404.79 3,171.86
2017-06-30 7,842.57 201.38 3,480.02
2017-03-31 8,440.86 142.55 3,248.86
2016-12-31 8,515.35 0.00 3,284.60
2016-09-30 8,434.09 62.72 3,204.78
2016-06-30 8,394.25 3.21 3,781.16
2016-03-31 9,071.77 6.43 3,251.01
2015-12-31 8,936.51 35.68 3,554.62
2015-09-30 8,847.62 266.42 2,962.76
2015-06-30 8,663.46 429.76 3,749.39
2015-03-31 9,428.92 740.90 3,686.02
2014-12-31 9,310.40 277.60 3,019.62
2014-09-30 8,946.16 446.64 3,112.97
2014-06-30 8,626.11 192.41 3,571.79
2014-03-31 9,052.95 434.21 4,729.24
2013-12-31 9,052.95 434.21 4,729.24
2013-09-30 8,665.00 287.48 2,809.23
2013-06-30 8,369.27 413.25 3,263.79
  • AcBel Polytech's level of debt (27.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3% vs 27.5% today).
  • Debt is well covered by operating cash flow (35.3%, greater than 20% of total debt).
  • AcBel Polytech earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AcBel Polytech'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. AcBel Polytech 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.

6282 Dividends

 What is AcBel Polytech'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
5.46%
Current annual income from AcBel Polytech dividends.
If you bought NT$2,000 of AcBel Polytech shares you are expected to receive NT$109 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?
  • AcBel Polytech's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • AcBel Polytech's dividend is below 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:6282 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China 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:6282 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-06
TSEC:6282 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-13 1.000 4.601
2019-03-08 1.000 4.619
2019-03-07 1.000 4.480
2018-05-11 0.900 4.661
2018-03-07 0.900 4.449
2018-03-01 0.900 4.176
2017-05-05 1.400 6.135
2017-03-09 1.400 5.878
2017-03-08 1.400 5.779
2016-05-09 1.100 4.608
2016-02-24 1.500 5.864
2015-05-06 1.600 7.250
2015-02-26 1.600 4.837
2014-03-13 1.800 4.617
2013-08-08 1.500 4.854
2013-05-08 1.500 5.924
2013-03-11 1.500 5.896
2012-10-30 0.700 3.313
2011-10-27 1.300 7.564
2011-03-23 1.300 7.126
2010-10-27 1.650 6.701
2010-03-24 1.650 6.678
2010-01-15 1.650 6.278

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of AcBel Polytech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x 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 AcBel Polytech'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 AcBel Polytech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AcBel Polytech has a total score of 2/6, see the detailed checks below.


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

6282 Management

 What is the CEO of AcBel Polytech'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
David Kao
CEO Bio

David C.S. Kao serves as General Manager of Acbel Polytech Inc.

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

David Kao

TITLE
General Manager

Jin Mao Ye

TITLE
Head of Finance Department and Head of Accounting Department
Board of Directors Tenure

Average tenure of the AcBel Polytech board of directors in years:

7.8
Average Tenure
  • The tenure for the AcBel Polytech board of directors is about average.
Board of Directors

Rock Hsu Hsu

TITLE
Chairman
TENURE
7.8 yrs

You Quan Wang

TITLE
Independent Director
TENURE
7.8 yrs

Jiu Li Zhang

TITLE
Director
TENURE
7.8 yrs

Jian Guo Wan

TITLE
Director
TENURE
7.8 yrs

Chi-Lin Wea

TITLE
Director
TENURE
7.8 yrs

Qi Xie

TITLE
Independent Director
AGE
74
TENURE
7.8 yrs

Hong Mao Tian

TITLE
Independent Director
TENURE
7.8 yrs

Qing Shan Gao

TITLE
Director
TENURE
7.8 yrs

Shi Chen

TITLE
Representative Director
TENURE
7.8 yrs

Jie-Li Hsu

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 AcBel Polytech'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. AcBel Polytech 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.

6282 News

Simply Wall St News

6282 Company Info

Description

AcBel Polytech Inc. develops, manufactures, and sells power management solutions worldwide. It provides a range of custom design and high quality power supplies ranging from 3W up to 10,000W per power module. The company offers industrial PSUs, adapters, medical PSUs, telecom PSUs, AC DC / DC DC converters, smart solutions, and backup solutions. Its products are used in information technology, communication, consumer electronics, networks, and industrial automation applications. The company was formerly known as API Technology Co., Ltd. and changed its name to AcBel Polytech Inc. in 1998. AcBel Polytech Inc. was founded in 1981 and is headquartered in New Taipei City, Taiwan.

Details
Name: AcBel Polytech Inc.
6282
Exchange: TSEC
Founded: 1981
NT$9,454,169,698
516,621,295
Website: http://www.acbel.com
Address: AcBel Polytech Inc.
No. 159, Danjin Road,
Sec. 3,
New Taipei City,
251,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 6282 Common Stock Taiwan Stock Exchange TW TWD 08. Sep 2003
Number of employees
Current staff
Staff numbers
0
AcBel Polytech employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 15:07
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/20
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.