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Chain Chon Industrial

GTSM:5014
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5014
GTSM
NT$1B
Market Cap
  1. Home
  2. TW
  3. Materials
Company description

Chain Chon Industrial Co., Ltd. engages in the manufacture and sale of stainless steel products in Taiwan. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Chain Chon Industrial has significant price volatility in the past 3 months.
5014 Share Price and Events
7 Day Returns
-2.1%
GTSM:5014
-2.2%
TW Metals and Mining
-0.5%
TW Market
1 Year Returns
-19.9%
GTSM:5014
-25%
TW Metals and Mining
-10.7%
TW Market
5014 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chain Chon Industrial (5014) -2.1% -17.3% -23.6% -19.9% -72.6% -30.2%
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
  • 5014 outperformed the Metals and Mining industry which returned -25% over the past year.
  • 5014 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
5014
Industry
5yr Volatility vs Market

5014 Value

 Is Chain Chon Industrial 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 Chain Chon Industrial 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 Chain Chon Industrial.

GTSM:5014 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 13.1%
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:5014
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 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.841 (1 + (1- 20%) (264.15%))
2.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (2 * 6.21%)
13.13%

Discounted Cash Flow Calculation for GTSM:5014 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chain Chon Industrial 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:5014 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 13.13%)
2020 517.26 Est @ 11.43% 457.23
2021 559.76 Est @ 8.22% 437.37
2022 593.15 Est @ 5.96% 409.66
2023 619.17 Est @ 4.39% 378.01
2024 639.51 Est @ 3.28% 345.11
2025 655.58 Est @ 2.51% 312.72
2026 668.50 Est @ 1.97% 281.88
2027 679.15 Est @ 1.59% 253.13
2028 688.17 Est @ 1.33% 226.72
2029 696.04 Est @ 1.14% 202.70
Present value of next 10 years cash flows NT$3,304.00
GTSM:5014 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$696.04 × (1 + 0.71%) ÷ (13.13% – 0.71%)
NT$5,643.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$5,643.94 ÷ (1 + 13.13%)10
NT$1,643.63
GTSM:5014 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$3,304.00 + NT$1,643.63
NT$4,947.63
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$4,947.63 / 165.33
NT$29.93
GTSM:5014 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$29.93
Current discount Discount to share price of NT$7.05
= -1 x (NT$7.05 - NT$29.93) / NT$29.93
76.4%

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

Current Discount
Amount off the current price Chain Chon Industrial is available for.
Intrinsic value
>50%
Share price is NT$7.05 vs Future cash flow value of NT$29.93
Current Discount Checks
For Chain Chon Industrial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chain Chon Industrial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chain Chon Industrial's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chain Chon Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chain Chon Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5014 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.09
GTSM:5014 Share Price ** GTSM (2020-04-01) in TWD NT$7.05
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 Chain Chon Industrial.

GTSM:5014 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5014 Share Price ÷ EPS (both in TWD)

= 7.05 ÷ 0.09

78.33x

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

  • Chain Chon Industrial is overvalued based on earnings compared to the TW Metals and Mining industry average.
  • Chain Chon Industrial is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Chain Chon Industrial's expected growth come at a high price?
Raw Data
GTSM:5014 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 78.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Taiwan, Province of China 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 .

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

  • Unable to calculate PEG ratio for Chain Chon Industrial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chain Chon Industrial's assets?
Raw Data
GTSM:5014 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$9.15
GTSM:5014 Share Price * GTSM (2020-04-01) in TWD NT$7.05
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:5014 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5014 Share Price ÷ Book Value per Share (both in TWD)

= 7.05 ÷ 9.15

0.77x

* Primary Listing of Chain Chon Industrial.

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

  • Chain Chon Industrial is good value based on assets compared to the TW Metals and Mining industry average.
X
Value checks
We assess Chain Chon Industrial'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. Chain Chon Industrial has a total score of 3/6, 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.

5014 Future Performance

 How is Chain Chon Industrial 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 Chain Chon Industrial 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
27.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chain Chon Industrial expected to grow at an attractive rate?
  • Unable to compare Chain Chon Industrial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chain Chon Industrial's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Chain Chon Industrial's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5014 Future Growth Rates Data Sources
Data Point Source Value (per year)
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:5014 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5014 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 16,772 710 15
2019-09-30 16,093 473 -62
2019-06-30 15,693 640 -115
2019-03-31 16,062 573 -169
2018-12-31 16,412 631 -83
2018-09-30 17,033 692 -8
2018-06-30 17,789 619 178
2018-03-31 17,397 424 70
2017-12-31 17,259 60 126
2017-09-30 16,649 240 459
2017-06-30 15,332 145 257
2017-03-31 14,528 94 450

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chain Chon Industrial is high growth as no earnings estimate data is available.
  • Unable to determine if Chain Chon Industrial 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:5014 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

GTSM:5014 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.09
2019-09-30 -0.37
2019-06-30 -0.69
2019-03-31 -1.02
2018-12-31 -0.50
2018-09-30 -0.05
2018-06-30 1.08
2018-03-31 0.42
2017-12-31 0.76
2017-09-30 2.78
2017-06-30 1.55
2017-03-31 2.72

*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 Chain Chon Industrial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Chain Chon Industrial is trading at Chain Chon Industrial'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. Chain Chon Industrial'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 Materials 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 Chain Chon Industrial'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.
Chain Chon Industrial 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.

5014 Past Performance

  How has Chain Chon Industrial 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 Chain Chon Industrial'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.
  • Chain Chon Industrial's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chain Chon Industrial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Chain Chon Industrial has become profitable in the last year making it difficult to compare the TW Metals and Mining industry average.
Earnings and Revenue History
Chain Chon Industrial'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 Chain Chon Industrial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5014 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 16,771.81 15.34 541.57 31.66
2019-09-30 16,093.10 -61.89 539.19 55.26
2019-06-30 15,692.58 -114.59 543.27 74.27
2019-03-31 16,061.86 -168.73 575.85 87.12
2018-12-31 16,412.46 -83.44 583.05 74.23
2018-09-30 17,033.32 -7.94 558.21 95.42
2018-06-30 17,788.73 178.42 568.16 106.24
2018-03-31 17,396.74 69.89 563.75 115.45
2017-12-31 17,258.56 126.28 566.50 111.97
2017-09-30 16,648.76 459.01 593.19 144.57
2017-06-30 15,331.65 256.87 580.19 120.09
2017-03-31 14,528.11 450.50 568.36 93.16
2016-12-31 13,412.92 326.80 559.64 93.73
2016-09-30 12,787.52 -109.49 543.47 23.37
2016-06-30 13,639.72 -244.79 553.42 23.60
2016-03-31 14,009.96 -287.33 555.88 23.74
2015-12-31 14,442.73 -197.19 572.37 23.30
2015-09-30 14,605.88 -137.21 564.83 22.14
2015-06-30 14,453.83 -8.85 560.47 21.55
2015-03-31 14,460.62 165.54 550.08 20.72
2014-12-31 13,865.92 152.73 533.97 18.54
2014-09-30 12,721.91 152.87 514.54 22.41
2014-06-30 11,926.87 126.09 494.08 18.40
2014-03-31 11,451.86 -82.56 487.97 14.63
2013-12-31 11,655.28 -75.42 457.97 12.60
2013-09-30 12,003.23 -1.48 447.13 4.10
2013-06-30 12,609.95 15.50 458.03 4.47

*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.
  • Chain Chon Industrial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chain Chon Industrial used its assets less efficiently than the TW Metals and Mining industry average last year based on Return on Assets.
  • Chain Chon Industrial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chain Chon Industrial'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.
Chain Chon Industrial has a total score of 0/6, 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.

5014 Health

 How is Chain Chon Industrial'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 Chain Chon Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chain Chon Industrial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chain Chon Industrial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chain Chon Industrial'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 1.5x 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 Chain Chon Industrial Company Filings, last reported 3 months ago.

GTSM:5014 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,836.07 2,943.21 1,016.35
2019-09-30 1,980.19 2,984.37 310.88
2019-06-30 2,070.91 2,805.84 351.32
2019-03-31 1,896.28 3,063.34 437.11
2018-12-31 2,154.63 3,213.87 474.01
2018-09-30 2,174.83 3,154.72 247.27
2018-06-30 2,047.13 4,312.58 273.33
2018-03-31 2,172.44 4,528.63 471.53
2017-12-31 2,419.54 4,742.79 554.45
2017-09-30 2,515.27 4,582.19 458.81
2017-06-30 2,196.76 4,544.63 365.35
2017-03-31 2,468.68 4,563.55 365.43
2016-12-31 2,549.09 4,686.99 372.21
2016-09-30 2,138.91 5,051.24 394.37
2016-06-30 2,182.55 5,011.32 481.74
2016-03-31 2,201.97 4,969.70 749.06
2015-12-31 2,337.10 3,889.98 827.20
2015-09-30 2,463.09 4,237.55 647.08
2015-06-30 2,576.35 4,506.01 543.14
2015-03-31 2,715.37 4,089.35 466.53
2014-12-31 2,805.18 4,030.41 446.53
2014-09-30 2,715.62 3,826.72 341.17
2014-06-30 2,646.38 3,830.54 1,078.00
2014-03-31 2,586.54 3,554.86 373.51
2013-12-31 2,476.02 3,395.23 478.35
2013-09-30 2,517.14 3,095.57 436.03
2013-06-30 2,558.22 3,392.61 978.20
  • Chain Chon Industrial's level of debt (160.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (143.8% vs 160.3% today).
  • Debt is well covered by operating cash flow (24.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chain Chon Industrial'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. Chain Chon Industrial has a total score of 3/6, 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.

5014 Dividends

 What is Chain Chon Industrial'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
0%
Current annual income from Chain Chon Industrial dividends.
If you bought NT$2,000 of Chain Chon Industrial shares you are expected to receive NT$0 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?
  • Unable to evaluate Chain Chon Industrial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Chain Chon Industrial's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:5014 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 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:5014 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2019-11-14 0.000 0.000
2019-11-11 0.000 0.000
2019-08-14 0.000 0.000
2019-08-12 0.000 0.000
2019-05-15 0.000 0.000
2019-05-13 0.000 0.000
2019-04-01 0.000 0.000
2019-03-28 0.000 0.000
2018-03-31 0.300 2.966
2017-11-14 0.800 4.831
2017-03-31 0.800 4.636
2017-03-30 0.800 3.259
2010-06-23 0.092 0.945
2010-04-29 0.092 0.859
2009-06-03 0.000 0.000

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

  • Unable to perform a dividend volatility check as Chain Chon Industrial has not reported any payouts.
  • Unable to verify if Chain Chon Industrial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Chain Chon Industrial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Chain Chon Industrial has not reported any payouts.
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 Chain Chon Industrial'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 Chain Chon Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chain Chon Industrial has a total score of 0/6, see the detailed checks below.


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

5014 Management

 What is the CEO of Chain Chon Industrial'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
Ching Po Li
CEO Bio

Mr. Ching Po Li serves as the Chairman and Chief Executive Officer of Chain Chon Industrial Co., Ltd. and has been its President since 1980.

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

Ching Po Li

TITLE
Chairman
Board of Directors

Ching Po Li

TITLE
Chairman
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 Chain Chon Industrial'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. Chain Chon Industrial 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.

5014 News

Simply Wall St News

5014 Company Info

Description

Chain Chon Industrial Co., Ltd. engages in the manufacture and sale of stainless steel products in Taiwan. The company processes and markets cold rolled and hot rolled stainless steel coils, sheets, plates, strips, checker plates, angle and flat bars, welded H-beams, polished coils or sheets, and other metals. Its products are used in various applications, such as chemical tanks, pipes, medical equipment, food industry, construction materials, kitchen utensils, automotive hardware, building construction, and decoration and reflection mirrors, as well as industrial plants, airplanes, laboratories, infrastructure, automobile floors, stairs, non-slip floors, automobile stairs, engineering stairs, engineering structures, industrial tools, machinery parts, structures and escalators for construction, etc. The company was founded in 1980 and is headquartered in Taoyuan City, Taiwan.

Details
Name: Chain Chon Industrial Co., Ltd.
5014
Exchange: GTSM
Founded: 1980
NT$1,165,597,650
165,333,000
Website: http://www.chainchon.com
Address: Chain Chon Industrial Co., Ltd.
No. 178 Ta Guan Road,
Taoyuan Hsiang,
Taoyuan City,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5014 Common Stock Taipei Exchange TW TWD 15. Feb 2001
Number of employees
Current staff
Staff numbers
0
Chain Chon Industrial employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 15:28
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/29
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.