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NAK Sealing Technologies

TSEC:9942
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9942
TSEC
NT$5B
Market Cap
  1. Home
  2. TW
  3. Capital Goods
Company description

NAK Sealing Technologies Corporation, together with its subsidiaries, develops, manufactures, and sells oil seals and technical sealing products for various applications worldwide. The last earnings update was 137 days ago. More info.


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9942 Share Price and Events
7 Day Returns
8.5%
TSEC:9942
8.1%
TW Machinery
5.2%
TW Market
1 Year Returns
-18.9%
TSEC:9942
-19.1%
TW Machinery
-9.9%
TW Market
9942 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NAK Sealing Technologies (9942) 8.5% -12.3% -16.4% -18.9% -27.2% -45%
TW Machinery 8.1% -18.8% -20.2% -19.1% -7.9% -8.3%
TW Market 5.2% -14.4% -19.9% -9.9% -3.3% -0.2%
1 Year Return vs Industry and Market
  • 9942 matched the Machinery industry (-19.1%) over the past year.
  • 9942 underperformed the Market in Taiwan, Province of China which returned -9.9% over the past year.
Price Volatility
9942
Industry
5yr Volatility vs Market

Value

 Is NAK Sealing Technologies 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 NAK Sealing Technologies 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 NAK Sealing Technologies.

TSEC:9942 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:9942
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 20%) (12.93%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.04 * 6.21%)
7.17%

Discounted Cash Flow Calculation for TSEC:9942 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NAK Sealing Technologies 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:9942 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 7.17%)
2020 332.92 Est @ -5.59% 310.64
2021 320.61 Est @ -3.7% 279.14
2022 313.00 Est @ -2.37% 254.28
2023 308.46 Est @ -1.45% 233.82
2024 305.99 Est @ -0.8% 216.43
2025 304.92 Est @ -0.35% 201.24
2026 304.83 Est @ -0.03% 187.72
2027 305.41 Est @ 0.19% 175.49
2028 306.47 Est @ 0.35% 164.32
2029 307.87 Est @ 0.46% 154.02
Present value of next 10 years cash flows NT$2,177.00
TSEC:9942 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$307.87 × (1 + 0.71%) ÷ (7.17% – 0.71%)
NT$4,798.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$4,798.78 ÷ (1 + 7.17%)10
NT$2,400.78
TSEC:9942 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$2,177.00 + NT$2,400.78
NT$4,577.78
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$4,577.78 / 83.16
NT$55.05
TSEC:9942 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$55.05
Current discount Discount to share price of NT$58.60
= -1 x (NT$58.60 - NT$55.05) / NT$55.05
-6.5%

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

  • The current share price of NAK Sealing Technologies 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 NAK Sealing Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NAK Sealing Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:9942 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in TWD NT$5.10
TSEC:9942 Share Price ** TSEC (2020-03-27) in TWD NT$58.6
Taiwan, Province of China Machinery Industry PE Ratio Median Figure of 81 Publicly-Listed Machinery Companies 12.44x
Taiwan, Province of China Market PE Ratio Median Figure of 1,465 Publicly-Listed Companies 13.63x

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

** Primary Listing of NAK Sealing Technologies.

TSEC:9942 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:9942 Share Price ÷ EPS (both in TWD)

= 58.6 ÷ 5.10

11.48x

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

  • NAK Sealing Technologies is good value based on earnings compared to the TW Machinery industry average.
  • NAK Sealing Technologies is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does NAK Sealing Technologies's expected growth come at a high price?
Raw Data
TSEC:9942 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.7%per year
Taiwan, Province of China Machinery Industry PEG Ratio Median Figure of 8 Publicly-Listed Machinery Companies 0.69x
Taiwan, Province of China Market PEG Ratio Median Figure of 197 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

TSEC:9942 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.48x ÷ 9.7%

1.19x

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

  • NAK Sealing Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NAK Sealing Technologies's assets?
Raw Data
TSEC:9942 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in TWD NT$35.06
TSEC:9942 Share Price * TSEC (2020-03-27) in TWD NT$58.6
Taiwan, Province of China Machinery Industry PB Ratio Median Figure of 102 Publicly-Listed Machinery Companies 1.27x
Taiwan, Province of China Market PB Ratio Median Figure of 1,962 Publicly-Listed Companies 1.16x
TSEC:9942 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:9942 Share Price ÷ Book Value per Share (both in TWD)

= 58.6 ÷ 35.06

1.67x

* Primary Listing of NAK Sealing Technologies.

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

  • NAK Sealing Technologies is overvalued based on assets compared to the TW Machinery industry average.
X
Value checks
We assess NAK Sealing Technologies'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. NAK Sealing Technologies 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.

Future Performance

 How is NAK Sealing Technologies 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
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NAK Sealing Technologies expected to grow at an attractive rate?
  • NAK Sealing Technologies's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • NAK Sealing Technologies's earnings growth is positive but not above the Taiwan, Province of China market average.
  • NAK Sealing Technologies's revenue growth is positive but not above the Taiwan, Province of China market average.
Annual Growth Rates Comparison
Raw Data
TSEC:9942 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSEC:9942 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.7%
TSEC:9942 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.3%
Taiwan, Province of China Machinery Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
Taiwan, Province of China Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.3%
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:9942 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:9942 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 3,202 483 1
2020-03-29
2019-12-31 2,995 447 1
TSEC:9942 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-09-30 3,020 583 424
2019-06-30 3,080 576 456
2019-03-31 3,148 598 458
2018-12-31 3,212 613 439
2018-09-30 3,295 527 463
2018-06-30 3,297 520 495
2018-03-31 3,255 499 511
2017-12-31 3,187 561 526
2017-09-30 3,104 646 530
2017-06-30 3,024 586 484
2017-03-31 2,988 667 474
2016-12-31 2,966 631 487

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NAK Sealing Technologies's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • NAK Sealing Technologies's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
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:9942 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from NAK Sealing Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:9942 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 5.81 5.81 5.81 1.00
2020-03-29
2019-12-31 5.37 5.37 5.37 1.00
TSEC:9942 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-09-30 5.10
2019-06-30 5.48
2019-03-31 5.50
2018-12-31 5.28
2018-09-30 5.56
2018-06-30 5.96
2018-03-31 6.15
2017-12-31 6.33
2017-09-30 6.38
2017-06-30 5.83
2017-03-31 5.70
2016-12-31 5.86

*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 NAK Sealing Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess NAK Sealing Technologies'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.
NAK Sealing Technologies has a total score of 1/6, 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 NAK Sealing Technologies 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 NAK Sealing Technologies's growth in the last year to its industry (Machinery).
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.
  • NAK Sealing Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • NAK Sealing Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NAK Sealing Technologies's 1-year earnings growth is negative, it can't be compared to the TW Machinery industry average.
Earnings and Revenue History
NAK Sealing Technologies'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 NAK Sealing Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:9942 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 3,020.13 424.40 404.29 63.50
2019-06-30 3,080.18 455.73 409.77 62.09
2019-03-31 3,147.96 457.59 407.29 59.59
2018-12-31 3,211.76 439.05 407.79 56.34
2018-09-30 3,294.96 462.68 406.76 54.76
2018-06-30 3,297.07 495.43 405.73 51.95
2018-03-31 3,255.39 511.04 403.93 49.95
2017-12-31 3,186.89 526.37 404.06 48.95
2017-09-30 3,103.93 530.17 415.14 45.85
2017-06-30 3,024.12 484.44 414.29 45.12
2017-03-31 2,988.50 473.73 419.57 45.58
2016-12-31 2,965.71 487.37 411.86 44.87
2016-09-30 2,892.86 445.99 388.78 44.11
2016-06-30 2,839.64 462.42 382.36 42.60
2016-03-31 2,790.80 429.48 375.86 40.86
2015-12-31 2,791.52 423.38 375.25 39.83
2015-09-30 2,810.28 441.46 398.87 38.71
2015-06-30 2,850.65 447.03 399.77 38.28
2015-03-31 2,890.87 482.03 390.88 37.24
2014-12-31 2,903.87 525.25 381.45 36.59
2014-09-30 2,849.19 556.76 350.06 36.15
2014-06-30 2,779.49 548.46 340.83 35.50
2014-03-31 2,685.09 540.03 333.73 35.29
2013-12-31 2,536.12 504.28 322.11 35.47
2013-09-30 2,475.65 460.40 294.92 34.34
2013-06-30 2,382.16 423.02 286.08 33.40
2013-03-31 2,336.71 404.20 279.41 33.11

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

Health

 How is NAK Sealing Technologies'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 NAK Sealing Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NAK Sealing Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NAK Sealing Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NAK Sealing Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.7x 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 NAK Sealing Technologies Company Filings, last reported 5 months ago.

TSEC:9942 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,922.54 627.35 475.59
2019-06-30 2,870.48 350.18 453.36
2019-03-31 3,107.22 373.01 404.75
2018-12-31 2,983.85 100.00 301.56
2018-09-30 2,864.15 190.00 271.95
2018-06-30 2,788.07 70.00 454.90
2018-03-31 3,018.33 70.00 449.20
2017-12-31 2,928.90 145.84 419.72
2017-09-30 2,813.25 211.71 369.23
2017-06-30 2,635.81 83.00 477.10
2017-03-31 2,797.62 60.00 454.55
2016-12-31 2,765.77 120.00 348.02
2016-09-30 2,661.72 222.20 319.61
2016-06-30 2,581.60 140.00 532.32
2016-03-31 2,810.22 138.00 436.18
2015-12-31 2,723.02 213.13 358.50
2015-09-30 2,657.55 310.38 259.71
2015-06-30 2,476.43 156.06 414.43
2015-03-31 2,730.28 162.95 414.57
2014-12-31 2,632.19 170.09 351.52
2014-09-30 2,504.33 29.94 363.27
2014-06-30 2,337.77 45.27 698.23
2014-03-31 2,637.40 52.46 597.37
2013-12-31 2,495.13 58.99 494.18
2013-09-30 2,338.30 64.85 450.63
2013-06-30 2,220.14 77.97 735.73
2013-03-31 2,342.35 78.89 654.34
  • NAK Sealing Technologies's level of debt (21.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.3% vs 21.5% today).
  • Debt is well covered by operating cash flow (92.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 2404.4x coverage).
X
Financial health checks
We assess NAK Sealing Technologies'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. NAK Sealing Technologies 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 NAK Sealing Technologies'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
7.17%
Current annual income from NAK Sealing Technologies dividends.
If you bought NT$2,000 of NAK Sealing Technologies shares you are expected to receive NT$143 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?
  • NAK Sealing Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.3%).
  • NAK Sealing Technologies's dividend is above the markets top 25% of dividend payers in Taiwan, Province of China (7.13%).
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:9942 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 Machinery Industry Average Dividend Yield Market Cap Weighted Average of 82 Stocks 4.5%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1332 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.

TSEC:9942 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-03-29
2019-12-31
TSEC:9942 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-03-27 4.200 6.004
2019-03-26 4.200 5.813
2018-03-28 4.200 5.410
2017-03-30 4.000 4.699
2016-03-30 4.000 4.882
2015-03-30 4.000 4.853
2014-08-13 5.000 4.625
2014-03-27 5.000 3.776
2013-06-27 3.200 3.899
2012-03-29 3.200 6.267
2011-05-03 3.200 6.227
2011-04-26 3.200 5.970
2010-04-29 2.800 6.289
2010-04-22 2.800 6.044

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 NAK Sealing Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 NAK Sealing Technologies'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 NAK Sealing Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NAK Sealing Technologies 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.

Management

 What is the CEO of NAK Sealing Technologies'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
Steven Chien
CEO Bio

Steven Chien serves as Chief Executive Officer and General Manager of Nak Sealing Technologies Corp.

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

Joseph Shek

TITLE
Chairman and President of NAK Corporation

Steven Chien

TITLE
Chief Executive Officer and General Manager

Adams Wu

TITLE
Vice President of Marketing & Sales

Kai Yin Shi

TITLE
Human Resources Manager
Board of Directors

Chun Tang Xu

TITLE
Vice Chairman

Joseph Shek

TITLE
Chairman and President of NAK Corporation

Ren An Chen

TITLE
Director

Qi Yuan Shi

TITLE
Director

Jia Wei Chen

TITLE
Supervisor

Li Li Pei

TITLE
Supervisor

Jun Jie Lai

TITLE
Supervisor
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 NAK Sealing Technologies'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. NAK Sealing Technologies 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

NAK Sealing Technologies Corporation, together with its subsidiaries, develops, manufactures, and sells oil seals and technical sealing products for various applications worldwide. It offers automotive seals, including engine, transmission, power steering, axle, shock absorber, and motor seals; and industrial seals comprising pump, gear reducer/gearbox, motor, power tool, robotic arm, wind turbine, and washing machine seals. The company also provides agriculture, construction, and mining seals, such as piston, rod, wiper, and axle/hub seals; and other seals, such as V-rings, axial face seals, bonded seals, sleeves, rings, rubber molded parts, and O-ring kits and cords. It serves automotive, industrial, and hydraulic and pneumatic, as well as agricultural, and construction and mining equipment sectors. The company was formerly known as Mao Shun Co. and changed its name to NAK Sealing Technologies Corporation in 2002. NAK Sealing Technologies Corporation was founded in 1976 and is headquartered in Nantou City, Taiwan.

Details
Name: NAK Sealing Technologies Corporation
9942
Exchange: TSEC
Founded: 1976
NT$4,873,253,352
83,161,320
Website: http://www.nak.com.tw
Address: NAK Sealing Technologies Corporation
No. 336, Industrial Road,
Nankang Industrial Zone,
Nantou City,
54065,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 9942 Common Stock Taiwan Stock Exchange TW TWD 28. Jan 2002
Number of employees
Current staff
Staff numbers
1,527
NAK Sealing Technologies employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 15:00
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/09/23
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.