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TaiwanJ Pharmaceuticals

GTSM:6549
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6549
GTSM
NT$692M
Market Cap
  1. Home
  2. TW
  3. Pharmaceuticals & Biotech
Company description

TaiwanJ Pharmaceuticals Co., Ltd., a specialty pharmaceutical company, develops and commercializes small molecules for unmet medical needs in Taiwan. The last earnings update was 99 days ago. More info.


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6549 Share Price and Events
7 Day Returns
4.6%
GTSM:6549
-2%
TW Biotechs
0.7%
TW Market
1 Year Returns
41%
GTSM:6549
-11.1%
TW Biotechs
19.1%
TW Market
6549 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TaiwanJ Pharmaceuticals (6549) 4.6% 11.9% -4.8% 41% -57.4% -
TW Biotechs -2% -4.4% -7.3% -11.1% -42.7% -41.3%
TW Market 0.7% 3.5% 9.4% 19.1% 25.5% 26.5%
1 Year Return vs Industry and Market
  • 6549 outperformed the Biotechs industry which returned -11.1% over the past year.
  • 6549 outperformed the Market in Taiwan, Province of China which returned 19.1% over the past year.
Price Volatility
6549
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for TaiwanJ Pharmaceuticals's competitors could be found in our database.

6549 Value

 Is TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals.

GTSM:6549 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 9.8%
Perpetual Growth Rate 10-Year TW Government Bond Rate 2.7%

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:6549
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Biotechs Unlevered Beta Simply Wall St/ S&P Global 1.28
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.285 (1 + (1- 20%) (0.07%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.191 * 5.96%)
9.83%

Discounted Cash Flow Calculation for GTSM:6549 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TaiwanJ Pharmaceuticals 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:6549 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 9.83%)
2020 14.57 Est @ 53.93% 13.27
2021 20.19 Est @ 38.57% 16.74
2022 25.81 Est @ 27.82% 19.48
2023 31.04 Est @ 20.29% 21.34
2024 35.71 Est @ 15.02% 22.34
2025 39.76 Est @ 11.34% 22.65
2026 43.24 Est @ 8.75% 22.43
2027 46.24 Est @ 6.95% 21.84
2028 48.87 Est @ 5.68% 21.02
2029 51.21 Est @ 4.8% 20.05
Present value of next 10 years cash flows NT$201.00
GTSM:6549 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$51.21 × (1 + 2.73%) ÷ (9.83% – 2.73%)
NT$741.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$741.00 ÷ (1 + 9.83%)10
NT$290.15
GTSM:6549 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$201.00 + NT$290.15
NT$491.15
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$491.15 / 69.20
NT$7.1
GTSM:6549 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$7.10
Current discount Discount to share price of NT$10.00
= -1 x (NT$10.00 - NT$7.10) / NT$7.10
-40.9%

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

  • The current share price of TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TaiwanJ Pharmaceuticals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:6549 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in TWD NT$-2.14
GTSM:6549 Share Price ** GTSM (2019-11-20) in TWD NT$10
Taiwan, Province of China Biotechs Industry PE Ratio Median Figure of 8 Publicly-Listed Biotechs Companies 33.52x
Taiwan, Province of China Market PE Ratio Median Figure of 1,425 Publicly-Listed Companies 16.64x

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

** Primary Listing of TaiwanJ Pharmaceuticals.

GTSM:6549 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:6549 Share Price ÷ EPS (both in TWD)

= 10 ÷ -2.14

-4.67x

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

  • TaiwanJ Pharmaceuticals is loss making, we can't compare its value to the TW Biotechs industry average.
  • TaiwanJ Pharmaceuticals is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does TaiwanJ Pharmaceuticals's expected growth come at a high price?
Raw Data
GTSM:6549 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Biotechs Industry PEG Ratio Median Figure of 28 Publicly-Listed Biotechs Companies 1.66x
Taiwan, Province of China Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.07x

*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 TaiwanJ Pharmaceuticals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TaiwanJ Pharmaceuticals's assets?
Raw Data
GTSM:6549 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in TWD NT$2.59
GTSM:6549 Share Price * GTSM (2019-11-20) in TWD NT$10
Taiwan, Province of China Biotechs Industry PB Ratio Median Figure of 40 Publicly-Listed Biotechs Companies 3.1x
Taiwan, Province of China Market PB Ratio Median Figure of 1,938 Publicly-Listed Companies 1.44x
GTSM:6549 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:6549 Share Price ÷ Book Value per Share (both in TWD)

= 10 ÷ 2.59

3.86x

* Primary Listing of TaiwanJ Pharmaceuticals.

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

  • TaiwanJ Pharmaceuticals is overvalued based on assets compared to the TW Biotechs industry average.
X
Value checks
We assess TaiwanJ Pharmaceuticals'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 Biotechs 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 Biotechs industry average (and greater than 0)? (1 check)
  5. TaiwanJ Pharmaceuticals has a total score of 0/6, 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.

6549 Future Performance

 How is TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals 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
30.4%
Expected Biotechs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TaiwanJ Pharmaceuticals expected to grow at an attractive rate?
  • Unable to compare TaiwanJ Pharmaceuticals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TaiwanJ Pharmaceuticals's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare TaiwanJ Pharmaceuticals's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:6549 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Biotechs Industry Earnings Growth Rate Market Cap Weighted Average 30.4%
Taiwan, Province of China Biotechs Industry Revenue Growth Rate Market Cap Weighted Average 61.4%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 13.4%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 8%

*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:6549 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:6549 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-06-30 62 11 -147
2019-03-31 31 -54 -193
2018-12-31 -118 -238
2018-09-30 -133 -195
2018-06-30 -149 -152
2018-03-31 -162 -169
2017-12-31 -175 -186
2017-09-30 -197 -210
2017-06-30 -219 -234
2017-03-31 -210 -228
2016-12-31 -202 -223
2016-09-30 -171 -199

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TaiwanJ Pharmaceuticals is high growth as no earnings estimate data is available.
  • Unable to determine if TaiwanJ Pharmaceuticals 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:6549 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 TaiwanJ Pharmaceuticals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6549 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-06-30 -2.14
2019-03-31 -2.84
2018-12-31 -3.56
2018-09-30 -3.03
2018-06-30 -2.46
2018-03-31 -2.92
2017-12-31 -3.45
2017-09-30 -4.15
2017-06-30 -4.95
2017-03-31 -4.95
2016-12-31 -4.94
2016-09-30 -4.42

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

Next steps:

  1. Examine TaiwanJ Pharmaceuticals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. TaiwanJ Pharmaceuticals'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 Pharmaceuticals & Biotech 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 TaiwanJ Pharmaceuticals'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.
TaiwanJ Pharmaceuticals 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.

6549 Past Performance

  How has TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals's growth in the last year to its industry (Biotechs).
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.
  • TaiwanJ Pharmaceuticals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare TaiwanJ Pharmaceuticals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TaiwanJ Pharmaceuticals's 1-year growth to the TW Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
TaiwanJ Pharmaceuticals'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 TaiwanJ Pharmaceuticals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:6549 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 61.72 -146.88 20.97 30.90
2019-03-31 30.86 -192.54 20.49 61.17
2018-12-31 -238.20 20.01 91.44
2018-09-30 -195.17 20.20 111.66
2018-06-30 -152.15 20.40 131.89
2018-03-31 -169.09 20.75 148.90
2017-12-31 -186.04 21.10 165.91
2017-09-30 -210.02 22.46 190.69
2017-06-30 -234.01 23.82 215.47
2017-03-31 -228.42 24.66 208.89
2016-12-31 -222.84 25.50 202.30
2016-09-30 -199.22 25.40 181.66
2016-06-30 -175.60 25.31 161.02
2016-03-31 -159.00 23.52 146.35
2015-12-31 -142.39 21.73 131.68
2015-09-30 -128.35 23.61 109.36
2015-06-30 -114.32 25.49 87.05
2015-03-31 -106.14 24.13 80.09
2014-12-31 -97.96 22.76 73.13
2013-12-31 -17.06 5.64 11.41
2012-12-31 4.29 0.21 2.23

*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.
  • It is difficult to establish if TaiwanJ Pharmaceuticals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if TaiwanJ Pharmaceuticals has efficiently used its assets last year compared to the TW Biotechs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if TaiwanJ Pharmaceuticals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TaiwanJ Pharmaceuticals'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 Biotechs 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.
TaiwanJ Pharmaceuticals 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.

6549 Health

 How is TaiwanJ Pharmaceuticals'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 TaiwanJ Pharmaceuticals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TaiwanJ Pharmaceuticals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TaiwanJ Pharmaceuticals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TaiwanJ Pharmaceuticals'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.
  • Low level of unsold assets.
  • TaiwanJ Pharmaceuticals has no debt, it does not need to be covered by short term assets.
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 TaiwanJ Pharmaceuticals Company Filings, last reported 4 months ago.

GTSM:6549 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 179.08 0.00 100.10
2019-03-31 179.08 0.00 100.10
2018-12-31 154.33 0.00 57.57
2018-09-30 154.33 0.00 57.57
2018-06-30 322.49 0.00 94.41
2018-03-31 322.49 0.00 94.41
2017-12-31 290.39 0.00 78.58
2017-09-30 290.39 0.00 78.58
2017-06-30 374.64 0.00 143.24
2017-03-31 374.64 0.00 143.24
2016-12-31 283.64 0.00 59.65
2016-09-30 283.64 0.00 59.65
2016-06-30 408.66 0.00 161.92
2016-03-31 408.66 0.00 161.92
2015-12-31 499.27 0.00 253.25
2015-09-30 499.27 0.00 253.25
2015-06-30 584.25 0.00 377.41
2015-03-31 584.25 0.00 377.41
2014-12-31 641.66 0.00 488.30
2013-12-31 146.49 0.00 96.30
2012-12-31 35.43 0.00 4.01
  • TaiwanJ Pharmaceuticals has no debt.
  • TaiwanJ Pharmaceuticals has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making TaiwanJ Pharmaceuticals has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making TaiwanJ Pharmaceuticals has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -40% per year.
X
Financial health checks
We assess TaiwanJ Pharmaceuticals'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. TaiwanJ Pharmaceuticals has a total score of 6/6, 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.

6549 Dividends

 What is TaiwanJ Pharmaceuticals'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 TaiwanJ Pharmaceuticals dividends.
If you bought NT$2,000 of TaiwanJ Pharmaceuticals 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 TaiwanJ Pharmaceuticals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TaiwanJ Pharmaceuticals'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:6549 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 Biotechs Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1324 Stocks 4.1%
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 5.9%

Industry and Market average data is calculated daily.

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

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

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

6549 Management

 What is the CEO of TaiwanJ Pharmaceuticals'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
Rich Yuan
TENURE AS CEO 1.4 years
CEO Bio

Mr. Hung Chang Yuan, also known as Rich, has been General Manager of TaiwanJ Pharmaceuticals Co., Ltd. since June 2018. Mr. Yuan served as Chief Financial Officer of TaiwanJ Pharmaceuticals Co., Ltd. since September 7, 2016 until June 2019. Mr. Yuan served as Financial Officer of K Laser Technology Inc. until April 30, 2016 and also served as its Manager. He previously worked for an IPO company as a manager in Financial and Administration department. He has good knowledge and working experience in the Banking Act, Securities of Exchange Act of Taiwan. He holds Bachelor of Business Administration from Fu Jen Catholic University. Mr. Yuan graduated from National Chiao Tung University with a Master degree in Finance.

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

Rich Yuan

TITLE
General Manager
TENURE
1.4 yrs

Edwin Wu

TITLE
Founder & Honorary Chairman
Board of Directors

Ying-Chu Shih

TITLE
Chairman
TENURE
2.1 yrs

Edwin Wu

TITLE
Founder & Honorary Chairman
TENURE
2.1 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 TaiwanJ Pharmaceuticals'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. TaiwanJ Pharmaceuticals 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.

6549 News

Simply Wall St News

6549 Company Info

Description

TaiwanJ Pharmaceuticals Co., Ltd., a specialty pharmaceutical company, develops and commercializes small molecules for unmet medical needs in Taiwan. The company develops JKB-122 and JKB-121; and a pipeline of chemical entities for therapy to address chronic liver diseases and allergy/asthma. Its products targets diseases that include liver inflammation/liver fibrosis, non-alcoholic steatohepatitis, non-alcoholic fatty liver disease, autoimmune diseases, asthma, and atopic dermatitis. The company was incorporated in 2011 and is based in Zhubei, Taiwan.

Details
Name: TaiwanJ Pharmaceuticals Co., Ltd.
6549
Exchange: GTSM
Founded: 2011
NT$692,030,000
69,203,000
Website: http://www.taiwanj.com
Address: TaiwanJ Pharmaceuticals Co., Ltd.
No.2, Section 2,
Rm. D207, ShengYi Road,
Zhubei,
30261,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 6549 Common Shares Taipei Exchange TW TWD 21. Oct 2015
Number of employees
Current staff
Staff numbers
16
TaiwanJ Pharmaceuticals employees.
Industry
Biotechnology
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 15:45
End of day share price update: 2019/11/20 00:00
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
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.