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Polygreen Resources

GTSM:8423
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8423
GTSM
NT$442M
Market Cap
  1. Home
  2. TW
  3. Commercial Services
Company description

Polygreen Resources Co., Ltd., an investment holding company, engages in resource recycling and environmental protection business in Malaysia. The last earnings update was 98 days ago. More info.


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8423 Share Price and Events
7 Day Returns
0%
GTSM:8423
0.8%
TW Commercial Services
-0.1%
TW Market
1 Year Returns
-6%
GTSM:8423
1%
TW Commercial Services
13.5%
TW Market
8423 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Polygreen Resources (8423) 0% -4.3% -5.7% -6% 27.6% -3%
TW Commercial Services 0.8% 2.1% 3% 1% 7.5% 27.8%
TW Market -0.1% -3% 1.7% 13.5% 18.2% 20.7%
1 Year Return vs Industry and Market
  • 8423 underperformed the Commercial Services industry which returned 1% over the past year.
  • 8423 underperformed the Market in Taiwan, Province of China which returned 13.5% over the past year.
Price Volatility
8423
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Polygreen Resources's competitors could be found in our database.

8423 Value

 Is Polygreen Resources 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 Polygreen Resources 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 Polygreen Resources.

GTSM:8423 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 5.6%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:8423
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.649 (1 + (1- 21%) (40.84%))
0.905
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (0.905 * 5.44%)
5.63%

Discounted Cash Flow Calculation for GTSM:8423 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Polygreen Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:8423 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 5.63%)
2020 42.36 Est @ -17.71% 40.10
2021 37.20 Est @ -12.19% 33.34
2022 34.10 Est @ -8.32% 28.93
2023 32.19 Est @ -5.61% 25.85
2024 30.99 Est @ -3.71% 23.57
2025 30.25 Est @ -2.39% 21.78
2026 29.81 Est @ -1.46% 20.32
2027 29.57 Est @ -0.81% 19.08
2028 29.47 Est @ -0.35% 18.00
2029 29.46 Est @ -0.03% 17.03
Present value of next 10 years cash flows NT$247.00
GTSM:8423 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$29.46 × (1 + 0.71%) ÷ (5.63% – 0.71%)
NT$602.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$602.73 ÷ (1 + 5.63%)10
NT$348.47
GTSM:8423 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$247.00 + NT$348.47
NT$595.47
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$595.47 / 22.08
NT$26.97
GTSM:8423 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$26.97
Current discount Discount to share price of NT$20.00
= -1 x (NT$20.00 - NT$26.97) / NT$26.97
25.9%

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

Current Discount
Amount off the current price Polygreen Resources is available for.
Intrinsic value
26%
Share price is NT$20 vs Future cash flow value of NT$26.97
Current Discount Checks
For Polygreen Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Polygreen Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Polygreen Resources's share price is below the future cash flow value, but not 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 Polygreen Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Polygreen Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:8423 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in TWD NT$1.88
GTSM:8423 Share Price ** GTSM (2020-02-20) in TWD NT$20
Taiwan, Province of China Commercial Services Industry PE Ratio Median Figure of 17 Publicly-Listed Commercial Services Companies 18.62x
Taiwan, Province of China Market PE Ratio Median Figure of 1,447 Publicly-Listed Companies 16.44x

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

** Primary Listing of Polygreen Resources.

GTSM:8423 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:8423 Share Price ÷ EPS (both in TWD)

= 20 ÷ 1.88

10.64x

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

  • Polygreen Resources is good value based on earnings compared to the TW Commercial Services industry average.
  • Polygreen Resources is good value based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Polygreen Resources's expected growth come at a high price?
Raw Data
GTSM:8423 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 82 Publicly-Listed Commercial Services Companies 1.49x
Taiwan, Province of China Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.1x

*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 Polygreen Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Polygreen Resources's assets?
Raw Data
GTSM:8423 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in TWD NT$15.26
GTSM:8423 Share Price * GTSM (2020-02-20) in TWD NT$20
Taiwan, Province of China Commercial Services Industry PB Ratio Median Figure of 22 Publicly-Listed Commercial Services Companies 1.37x
Taiwan, Province of China Market PB Ratio Median Figure of 1,964 Publicly-Listed Companies 1.43x
GTSM:8423 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:8423 Share Price ÷ Book Value per Share (both in TWD)

= 20 ÷ 15.26

1.31x

* Primary Listing of Polygreen Resources.

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

  • Polygreen Resources is good value based on assets compared to the TW Commercial Services industry average.
X
Value checks
We assess Polygreen Resources'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Polygreen Resources has a total score of 4/6, 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.

8423 Future Performance

 How is Polygreen Resources 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 Polygreen Resources 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
17.1%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Polygreen Resources expected to grow at an attractive rate?
  • Unable to compare Polygreen Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Polygreen Resources's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Polygreen Resources's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:8423 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Taiwan, Province of China Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 8.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
GTSM:8423 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:8423 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-09-30 332 67 41
2019-06-30 328 56 42
2019-03-31 321 52 38
2018-12-31 328 52 44
2018-09-30 316 47 33
2018-06-30 312 55 35
2018-03-31 305 56 38
2017-12-31 280 91 28
2017-09-30 269 92 32
2017-06-30 243 89 22
2017-03-31 233 87 15
2016-12-31 229 45 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Polygreen Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Polygreen Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:8423 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Polygreen Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8423 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-09-30 1.88
2019-06-30 1.91
2019-03-31 1.71
2018-12-31 1.98
2018-09-30 1.51
2018-06-30 1.59
2018-03-31 1.72
2017-12-31 1.26
2017-09-30 1.45
2017-06-30 1.01
2017-03-31 0.68
2016-12-31 -0.27

*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 Polygreen Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Polygreen Resources is trading at Polygreen Resources'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. Polygreen Resources'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 Commercial Services 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 Polygreen Resources'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 Asia 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.
Polygreen Resources 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.

8423 Past Performance

  How has Polygreen Resources 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 Polygreen Resources's growth in the last year to its industry (Commercial Services).
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.
  • Polygreen Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Polygreen Resources's 1-year earnings growth exceeds its 5-year average (24.6% vs 20.3%)
  • Polygreen Resources's earnings growth has exceeded the TW Commercial Services industry average in the past year (24.6% vs 3.5%).
Earnings and Revenue History
Polygreen Resources'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 Polygreen Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8423 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 331.58 41.48 52.38
2019-06-30 328.35 42.26 49.43
2019-03-31 320.68 37.71 48.45
2018-12-31 327.53 43.78 46.12
2018-09-30 316.26 33.30 43.96
2018-06-30 311.73 35.11 44.86
2018-03-31 305.15 38.02 43.02
2017-12-31 280.02 27.81 42.41
2017-09-30 268.50 31.94 43.69
2017-06-30 242.95 22.27 42.79
2017-03-31 232.87 14.94 42.60
2016-12-31 228.61 -5.99 41.41
2016-09-30 235.80 -10.37 37.76
2016-06-30 255.11 -1.06 35.90
2016-03-31 265.41 1.88 34.38
2015-12-31 283.49 25.14 36.07
2015-09-30 285.47 24.48 36.77
2015-06-30 298.74 24.19 37.88
2015-03-31 306.87 26.15 38.14
2014-12-31 309.36 23.05 39.17
2014-09-30 322.96 26.33 42.73
2014-06-30 320.73 25.31 42.16
2014-03-31 325.36 26.75 43.24
2013-12-31 334.65 31.79 43.02
2013-09-30 337.06 37.54 40.00
2013-06-30 345.14 37.96 42.10
2013-03-31 334.48 40.79 43.00

*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.
  • Polygreen Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Polygreen Resources used its assets more efficiently than the TW Commercial Services industry average last year based on Return on Assets.
  • Polygreen Resources has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Polygreen Resources'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 Commercial Services 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.
Polygreen Resources has a total score of 5/6, 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.

8423 Health

 How is Polygreen Resources'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 Polygreen Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Polygreen Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Polygreen Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Polygreen Resources'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 1.1x 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 Polygreen Resources Company Filings, last reported 4 months ago.

GTSM:8423 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 336.92 179.07 106.38
2019-06-30 331.05 186.10 116.43
2019-03-31 343.59 190.93 110.16
2018-12-31 331.83 187.59 94.91
2018-09-30 315.77 194.56 88.01
2018-06-30 311.01 201.90 95.88
2018-03-31 315.28 209.07 104.02
2017-12-31 297.02 216.18 97.65
2017-09-30 287.94 223.36 96.58
2017-06-30 275.01 230.59 94.31
2017-03-31 265.93 231.84 88.82
2016-12-31 270.99 272.16 83.81
2016-09-30 269.71 280.30 76.15
2016-06-30 279.42 292.97 84.48
2016-03-31 293.64 290.44 79.36
2015-12-31 297.24 292.89 73.64
2015-09-30 288.02 292.90 73.14
2015-06-30 293.81 288.19 84.34
2015-03-31 305.80 250.42 76.15
2014-12-31 313.96 240.66 80.59
2014-09-30 315.14 242.34 78.04
2014-06-30 304.67 231.34 73.89
2014-03-31 308.36 204.85 65.57
2013-12-31 299.78 175.19 59.76
2013-09-30 291.80 164.29 51.04
2013-06-30 294.56 160.56 45.12
2013-03-31 297.86 68.61 33.85
  • Polygreen Resources's level of debt (53.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.9% vs 53.1% today).
  • Debt is well covered by operating cash flow (37.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.6x coverage).
X
Financial health checks
We assess Polygreen Resources'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. Polygreen Resources 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.

8423 Dividends

 What is Polygreen Resources'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
4.76%
Current annual income from Polygreen Resources dividends.
If you bought NT$2,000 of Polygreen Resources shares you are expected to receive NT$95 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?
  • Polygreen Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (2.63%).
  • Polygreen Resources's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (5.99%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:8423 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 4.5%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1329 Stocks 4%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.5%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 2.6%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

GTSM:8423 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.952 4.430
2019-04-03 0.952 4.214
2018-05-15 0.454 2.048
2018-03-31 0.454 1.717
2017-05-16 0.220 1.186
2017-03-31 0.220 1.393
2016-05-16 0.428 2.740
2016-03-31 0.428 2.446
2015-05-14 0.415 2.128
2015-03-30 0.415 2.073
2014-05-15 0.403 1.779
2014-03-31 0.403 1.554
2014-03-27 0.403 1.512

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

  • Polygreen Resources has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Polygreen Resources only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Polygreen Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (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 Polygreen Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Polygreen Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Polygreen Resources 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.

8423 Management

 What is the CEO of Polygreen Resources'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
Yunshan Lee
TENURE AS CEO 10.6 years
CEO Bio

Mr. Yunshan Lee has been Director at Polygreen Resources Co., Ltd. since June 20, 2018. He is General Manager of Polygreen Resources Co., Ltd since July 1, 2009 and also serves as its President. Main experience (education): • Department of Business Administration of National Chung Hsing University • Incorporated Director of Wei-Kai Co., Ltd. • Director of JENG YUAN RECLAIMED RUBBER SDN. BHD and Direct Greencycle Industries Sdn. Bhd. • Vice President of JENG YUAN RECLAIMED RUBBER SDN. BHD. • Assistant Manager and executive personnel of Sales Department of JENG YUAN RECLAIMED RUBBER SDN. BHD. • Manufacturing Department of CS Metal Industries Sdn. Bhd. Currently serving the Company and other companies: • General Manager of Jeng Yuan Reclaimed Rubber Sdn. Bhd.

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

Yunshan Lee

TITLE
President
TENURE
10.6 yrs

Meiying Yu

TITLE
Chief Accountant
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure of the Polygreen Resources board of directors in years:

9.7
Average Tenure
  • The tenure for the Polygreen Resources board of directors is about average.
Board of Directors

Dongxing Chen

TITLE
Chairman of the Board
TENURE
10.3 yrs

Yunshan Lee

TITLE
President
TENURE
1.7 yrs

Chinhui Zhang

TITLE
Vice Chairman of the Board

Bee Tan

TITLE
Independent Director
TENURE
9.7 yrs

Bozhen Liang

TITLE
Independent Director
TENURE
9.7 yrs

Chengyu Hsu

TITLE
Director
TENURE
4.7 yrs

Jiemin Lee

TITLE
Independent Director
TENURE
9.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Polygreen Resources'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. Polygreen Resources 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.

8423 News

Simply Wall St News

8423 Company Info

Description

Polygreen Resources Co., Ltd., an investment holding company, engages in resource recycling and environmental protection business in Malaysia. The company manufactures and sells Tyrec, a tyrec reclaimed rubber for use in tires, conveyor belts, inner tubes, ring pads, rubber matting, shoe soles, vibration pads, dock fenders, and other rubber products; Burec, a butyl reclaimed rubber for use in butyl inner tubes, tire inner liners, butyl adhesives, and other butyl rubber-related products; and Narec, a natural inner tube reclaimed rubber for use in rubber matting, shoe soles, and other rubber products. Its products also comprise T-Mesh, a crumb rubber for use in various applications in rubber products as compounding substitute, such as tire, ring pads, and rubber matting; and rubber granules that are recycled from the tire and industrial rubber waste that is used in the underlayment for running tracks, children’s playgrounds, gym, and rubber tiles. The company also exports its products to Japan, Europe, Taiwan, Vietnam, the Philippines, Indonesia, Thailand, Pakistan, China, the Middle East, Australia, Singapore, and internationally. It serves manufacturers in the tire and conveyor-belt industries. The company was founded in 1988 and is headquartered in Grand Cayman, the Cayman Islands.

Details
Name: Polygreen Resources Co., Ltd.
8423
Exchange: GTSM
Founded: 1988
NT$441,500,000
22,075,000
Website: http://www.pgr.com.tw
Address: Polygreen Resources Co., Ltd.
Marquee Place,
Suite 300,
Grand Cayman,
Grand Cayman, KY1-1208,
Cayman Islands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 8423 Common Stock Taipei Exchange TW TWD 20. Jan 2011
Number of employees
Current staff
Staff numbers
0
Polygreen Resources employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 16:05
End of day share price update: 2020/02/20 00:00
Last earnings filing: 2019/11/14
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.