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Gloria Material Technology

GTSM:5009
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5009
GTSM
NT$6B
Market Cap
  1. Home
  2. TW
  3. Materials
Company description

Gloria Material Technology Corp. manufactures and sells alloy steel and valve-parts in Taiwan and internationally. The last earnings update was 8 days ago. More info.


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5009 Share Price and Events
7 Day Returns
4.1%
GTSM:5009
-2.2%
TW Metals and Mining
-0.5%
TW Market
1 Year Returns
-26.7%
GTSM:5009
-25%
TW Metals and Mining
-10.7%
TW Market
5009 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gloria Material Technology (5009) 4.1% -9.9% -19% -26.7% -25.6% -27%
TW Metals and Mining -2.2% -16.2% -19.7% -25% -22% -20.3%
TW Market -0.5% -14.8% -20.2% -10.7% -4.3% -0.2%
1 Year Return vs Industry and Market
  • 5009 underperformed the Metals and Mining industry which returned -25% over the past year.
  • 5009 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
5009
Industry
5yr Volatility vs Market

Value

 Is Gloria Material Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gloria Material Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gloria Material Technology.

GTSM:5009 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$ 0.68
Payout Ratio Company Filings (2019-12-31) 7502.4%
Discount Rate (Cost of Equity) See below 7.5%
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:5009
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 20%) (154.84%))
1.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.098 * 6.21%)
7.53%

Discounted Cash Flow Calculation for GTSM:5009 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Gloria Material Technology 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.

GTSM:5009 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$0.68 / (7.53% - 0.71%)
NT$9.97
GTSM:5009 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$9.97
Current discount Discount to share price of NT$15.10
= -1 x (NT$15.10 - NT$9.97) / NT$9.97
-51.5%

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

  • The current share price of Gloria Material Technology 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 Gloria Material Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gloria Material Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5009 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.64
GTSM:5009 Share Price ** GTSM (2020-04-01) in TWD NT$15.1
Taiwan, Province of China Metals and Mining Industry PE Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 18.75x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

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

** Primary Listing of Gloria Material Technology.

GTSM:5009 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5009 Share Price ÷ EPS (both in TWD)

= 15.1 ÷ 0.64

23.59x

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

  • Gloria Material Technology is overvalued based on earnings compared to the TW Metals and Mining industry average.
  • Gloria Material Technology is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Gloria Material Technology's expected growth come at a high price?
Raw Data
GTSM:5009 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
29.7%per year
Taiwan, Province of China Metals and Mining Industry PEG Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 1.37x
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 .

GTSM:5009 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.59x ÷ 29.7%

0.79x

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

  • Gloria Material Technology is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Gloria Material Technology's assets?
Raw Data
GTSM:5009 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$18.69
GTSM:5009 Share Price * GTSM (2020-04-01) in TWD NT$15.1
Taiwan, Province of China Metals and Mining Industry PB Ratio Median Figure of 46 Publicly-Listed Metals and Mining Companies 0.85x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:5009 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5009 Share Price ÷ Book Value per Share (both in TWD)

= 15.1 ÷ 18.69

0.81x

* Primary Listing of Gloria Material Technology.

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

  • Gloria Material Technology is good value based on assets compared to the TW Metals and Mining industry average.
X
Value checks
We assess Gloria Material Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Gloria Material Technology 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 Gloria Material Technology expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
29.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gloria Material Technology expected to grow at an attractive rate?
  • Gloria Material Technology's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Gloria Material Technology's earnings growth is expected to exceed the Taiwan, Province of China market average.
  • Gloria Material Technology's revenues are expected to decrease over the next 1-3 years, this is below the Taiwan, Province of China market average.
Annual Growth Rates Comparison
Raw Data
GTSM:5009 Future Growth Rates Data Sources
Data Point Source Value (per year)
GTSM:5009 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 29.7%
GTSM:5009 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -1.3%
Taiwan, Province of China Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 27.8%
Taiwan, Province of China Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
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
GTSM:5009 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5009 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,551 664 506 1
2020-12-31 9,842 2,027 431 3
2020-04-03
GTSM:5009 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 10,562 1,507 280
2019-09-30 10,763 988 355
2019-06-30 10,773 880 387
2019-03-31 10,534 941 302
2018-12-31 10,276 659 243
2018-09-30 9,870 253 169
2018-06-30 9,548 657 124
2018-03-31 9,348 462 138
2017-12-31 9,167 391 148
2017-09-30 9,150 923 286
2017-06-30 9,067 559 325
2017-03-31 8,888 403 338

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gloria Material Technology's earnings are expected to grow significantly at over 20% yearly.
  • Gloria Material Technology's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:5009 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 3 Analyst Estimates (S&P Global) See Below

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

GTSM:5009 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.16 1.16 1.16 1.00
2020-12-31 0.92 0.98 0.86 2.00
2020-04-03
GTSM:5009 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.64
2019-09-30 0.81
2019-06-30 0.89
2019-03-31 0.69
2018-12-31 0.55
2018-09-30 0.38
2018-06-30 0.28
2018-03-31 0.31
2017-12-31 0.33
2017-09-30 0.63
2017-06-30 0.71
2017-03-31 0.74

*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.
  • Gloria Material Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gloria Material Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Taiwan, Province of China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gloria Material Technology has a total score of 3/6, 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 Gloria Material Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gloria Material Technology's growth in the last year to its industry (Metals and Mining).
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.
  • Gloria Material Technology's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Gloria Material Technology's 1-year earnings growth exceeds its 5-year average (15% vs -26.7%)
  • Gloria Material Technology's earnings growth has exceeded the TW Metals and Mining industry average in the past year (15% vs -33.3%).
Earnings and Revenue History
Gloria Material Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

GTSM:5009 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 10,561.73 279.76 928.46 137.15
2019-09-30 10,763.29 354.75 941.60 142.10
2019-06-30 10,772.73 386.74 892.35 157.20
2019-03-31 10,534.07 301.77 945.75 151.79
2018-12-31 10,276.14 243.21 901.64 145.68
2018-09-30 9,870.28 169.12 830.49 135.14
2018-06-30 9,547.78 124.20 528.49 111.73
2018-03-31 9,347.67 138.29 739.18 111.14
2017-12-31 9,166.92 147.74 702.63 115.03
2017-09-30 9,149.73 286.06 718.71 116.45
2017-06-30 9,067.17 325.15 707.33 117.58
2017-03-31 8,888.41 338.37 694.98 117.47
2016-12-31 8,741.52 322.70 693.72 115.89
2016-09-30 8,643.03 208.17 687.62 119.43
2016-06-30 8,966.41 394.52 715.74 120.98
2016-03-31 9,801.00 493.75 746.67 129.10
2015-12-31 10,862.86 697.47 816.69 124.97
2015-09-30 11,753.30 879.40 871.49 139.72
2015-06-30 12,261.09 766.32 904.25 165.35
2015-03-31 12,414.33 740.04 929.07 179.54
2014-12-31 12,183.11 637.12 918.83 206.14
2014-09-30 11,935.45 514.88 903.56 193.22
2014-06-30 11,545.41 432.09 870.44 186.32
2014-03-31 11,192.47 370.31 839.49 172.13
2013-12-31 10,725.22 273.83 792.58 159.27
2013-09-30 10,152.28 189.65 752.34 156.29
2013-06-30 10,419.77 237.80 755.98 155.97

*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.
  • Gloria Material Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gloria Material Technology used its assets less efficiently than the TW Metals and Mining industry average last year based on Return on Assets.
  • Gloria Material Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gloria Material Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining 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.
Gloria Material Technology has a total score of 2/6, 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 Gloria Material Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gloria Material Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gloria Material Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gloria Material Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gloria Material Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gloria Material Technology Company Filings, last reported 3 months ago.

GTSM:5009 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8,798.16 9,689.29 894.52
2019-09-30 8,861.65 9,928.86 852.18
2019-06-30 8,813.28 9,948.99 1,082.82
2019-03-31 8,907.46 9,372.25 870.23
2018-12-31 8,753.55 9,532.09 1,004.59
2018-09-30 8,692.24 9,653.48 1,205.54
2018-06-30 8,657.59 8,917.64 1,120.85
2018-03-31 9,124.74 7,984.62 940.82
2017-12-31 9,054.82 8,007.72 1,106.66
2017-09-30 9,050.88 8,800.12 2,099.03
2017-06-30 8,956.77 8,882.76 2,052.03
2017-03-31 8,946.83 8,654.69 1,803.40
2016-12-31 9,793.65 7,119.15 1,309.50
2016-09-30 9,691.70 7,524.54 1,707.41
2016-06-30 9,804.70 7,178.21 1,783.34
2016-03-31 10,032.84 6,628.92 1,479.12
2015-12-31 10,048.97 6,731.51 1,136.95
2015-09-30 10,086.02 7,661.96 884.36
2015-06-30 9,806.28 8,057.45 1,048.77
2015-03-31 9,953.77 8,333.23 747.36
2014-12-31 9,749.54 8,310.85 744.42
2014-09-30 9,480.16 9,027.65 910.29
2014-06-30 9,110.92 8,603.50 837.84
2014-03-31 9,217.02 8,045.65 706.35
2013-12-31 9,017.55 8,268.14 963.85
2013-09-30 8,965.92 8,230.42 943.24
2013-06-30 8,921.93 8,209.63 987.13
  • Gloria Material Technology's level of debt (110.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.2% vs 110.1% today).
  • Debt is not well covered by operating cash flow (15.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Gloria Material Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gloria Material Technology has a total score of 1/6, 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 Gloria Material Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.98%
Current annual income from Gloria Material Technology dividends. Estimated to be 4.5% next year.
If you bought NT$2,000 of Gloria Material Technology shares you are expected to receive NT$60 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?
  • Gloria Material Technology's pays a lower dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Gloria Material Technology's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (7.04%).
Upcoming dividend payment

Purchase Gloria Material Technology before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:5009 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 3 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 4.1%
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 7%

Industry and Market average data is calculated daily.

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

GTSM:5009 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.94 1.00
2020-12-31 0.42 1.00
2020-04-03
GTSM:5009 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.450 2.404
2019-03-28 0.450 2.181
2018-03-31 0.300 1.647
2017-03-31 0.400 1.990
2016-03-31 0.577 3.227
2015-05-14 0.769 4.504
2015-03-25 0.769 3.633
2014-05-12 0.481 2.198
2013-04-01 0.458 2.213
2012-05-15 0.872 3.758
2012-03-30 0.872 3.125
2010-01-15 0.000 0.000
2009-11-11 0.000 0.000
2009-10-15 0.000 0.000
2009-08-28 0.000 0.000
2009-07-15 0.000 0.000
2009-05-15 0.000 0.000
2009-04-29 0.000 0.000

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

  • Gloria Material Technology has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Gloria Material Technology has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Gloria Material Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Gloria Material Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gloria Material Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gloria Material Technology 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.

Management

 What is the CEO of Gloria Material Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xing Shi Chen
CEO Bio

Xing Shi Chen serves as Chairman and Chief Executive Officer of Gloria Material Technology. Xing Shi Chen serves as an Advisor of Science & Technology Department, Ministry of Economics Affairs. Xing Shi Chen serves as a Supervisor of Chinese Federation of Labor Republic of China. Xing Shi Chen serves as the Chairman of Taiwan Mold & Die Industry Association., Guangzhou Goldway Special Metal Corp., Zhejiang Jiaxing Goldway Special Metal Co., Ltd., Tianjin Goldway Special Metal Corp., Faith Easy Enterprises Ltd., Golden Win Steel Industrial Corp., Gloria Special Steel Profile Corp., Rainbow Shine Ltd. and Golden Win Steel Industrial (Vietnam) Corp. Xing Shi Chen has a Doctor of Metallic Materials of University of Hannover, Germany.

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

Xing Shi Chen

TITLE
Chairman and Chief Executive Officer

Zheng Xiang Chen

TITLE
President

Xian Lin Cai

TITLE
Head of Finance
Board of Directors

Xing Shi Chen

TITLE
Chairman and Chief Executive Officer

Xiao Xu

TITLE
Independent Director

Yu Zhen Li

TITLE
Director

De Wang Huang

TITLE
Director

De Zhi Chen

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 Gloria Material Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gloria Material Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Gloria Material Technology Corp. manufactures and sells alloy steel and valve-parts in Taiwan and internationally. The company’s products include super and titanium alloys; and high cleaning steel, alloy tool steel, high speed steel, stainless steel, quenched-tempered steel, and mold material supply products. It also provides machined parts, such as actuators, blocks, boss products, load caps, and actuator blanks; compressor spacers, seals for gas turbine, turbine blades, and transmission shafts; and copper rod rollers, dummy bar heads, guide rolls, sendzimir rolls, and rolls for slab continuous cast. In addition, the company offers air compressor rotors, bolts, couplings, cryogenic BV shafts, HPBV shafts, locking pins, parts for vacuum equipment, pump shafts, pipe fittings, plugs, turbo charger parts, wheel rings, stems, and taper pins. It serves aerospace, energy, oil and gas, water, medical, and machinery and mold industries. Gloria Material Technology Corp. was founded in 1988 and is headquartered in Tainan City, Taiwan.

Details
Name: Gloria Material Technology Corp.
5009
Exchange: GTSM
Founded: 1988
NT$6,292,290,800
416,708,000
Website: http://www.gmtc.com.tw
Address: Gloria Material Technology Corp.
No. 10, Gong 2nd Road,
Liuying District,
Tainan City,
736,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5009 Common Stock Taipei Exchange TW TWD 09. Sep 1999
Number of employees
Current staff
Staff numbers
0
Gloria Material Technology employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 16:19
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.