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Chaintech Technology

TSEC:2425
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2425
TSEC
NT$3B
Market Cap
  1. Home
  2. TW
  3. Tech
Company description

Chaintech Technology Corporation operates in the mainboard and graphics card markets in Taiwan and China. The last earnings update was 7 days ago. More info.


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2425 Share Price and Events
7 Day Returns
-0.7%
TSEC:2425
1.8%
TW Tech
-0.2%
TW Market
1 Year Returns
-19.7%
TSEC:2425
-5.1%
TW Tech
-10.7%
TW Market
2425 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chaintech Technology (2425) -0.7% -3.3% -13% -19.7% 39.5% -20.1%
TW Tech 1.8% -9% -12.2% -5.1% -18.1% -23.5%
TW Market -0.2% -14.9% -19.2% -10.7% -4.1% -0.7%
1 Year Return vs Industry and Market
  • 2425 underperformed the Tech industry which returned -5.1% over the past year.
  • 2425 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
2425
Industry
5yr Volatility vs Market

Value

 Is Chaintech 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 Chaintech 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 Chaintech Technology.

TSEC:2425 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$ 1.500000
Payout Ratio Company Filings (2019-12-31) 11219.6%
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

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

Calculation of Discount Rate/ Cost of Equity for TSEC:2425
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.182 (1 + (1- 20%) (6.25%))
1.31
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.31 * 6.21%)
8.85%

Discounted Cash Flow Calculation for TSEC:2425 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Chaintech 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.

TSEC:2425 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$1.5 / (8.85% - 0.71%)
NT$15.28
TSEC:2425 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$15.28
Current discount Discount to share price of NT$26.50
= -1 x (NT$26.50 - NT$15.28) / NT$15.28
-73.4%

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

  • The current share price of Chaintech 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 Chaintech Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chaintech Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:2425 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$1.14
TSEC:2425 Share Price ** TSEC (2020-04-06) in TWD NT$26.5
Taiwan, Province of China Tech Industry PE Ratio Median Figure of 85 Publicly-Listed Tech Companies 12.9x
Taiwan, Province of China Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 14.01x

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

** Primary Listing of Chaintech Technology.

TSEC:2425 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:2425 Share Price ÷ EPS (both in TWD)

= 26.5 ÷ 1.14

23.15x

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

  • Chaintech Technology is overvalued based on earnings compared to the TW Tech industry average.
  • Chaintech Technology is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Chaintech Technology's expected growth come at a high price?
Raw Data
TSEC:2425 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.15x
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 Tech Industry PEG Ratio Median Figure of 19 Publicly-Listed Tech Companies 1x
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 Chaintech Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chaintech Technology's assets?
Raw Data
TSEC:2425 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$15.67
TSEC:2425 Share Price * TSEC (2020-04-06) in TWD NT$26.5
Taiwan, Province of China Tech Industry PB Ratio Median Figure of 108 Publicly-Listed Tech Companies 1.05x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
TSEC:2425 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:2425 Share Price ÷ Book Value per Share (both in TWD)

= 26.5 ÷ 15.67

1.69x

* Primary Listing of Chaintech Technology.

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

  • Chaintech Technology is overvalued based on assets compared to the TW Tech industry average.
X
Value checks
We assess Chaintech 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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Chaintech Technology 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.

Future Performance

 How is Chaintech Technology 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 Chaintech Technology 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
8.6%
Expected Tech industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chaintech Technology expected to grow at an attractive rate?
  • Unable to compare Chaintech Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chaintech Technology's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Chaintech Technology's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSEC:2425 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Tech Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Taiwan, Province of China Tech Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
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
TSEC:2425 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.
TSEC:2425 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSEC:2425 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,738 -72 115
2019-09-30 4,475 -4 136
2019-06-30 4,369 428 134
2019-03-31 3,989 549 187
2018-12-31 4,083 444 244
2018-09-30 4,445 430 222
2018-06-30 5,095 276 172
2018-03-31 5,721 -22 92
2017-12-31 5,773 352 -57
2017-09-30 6,049 363 6
2017-06-30 5,957 536 6
2017-03-31 6,174 577 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chaintech Technology is high growth as no earnings estimate data is available.
  • Unable to determine if Chaintech Technology 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
TSEC:2425 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 Chaintech Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:2425 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSEC:2425 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 1.14
2019-09-30 1.34
2019-06-30 1.32
2019-03-31 1.85
2018-12-31 2.39
2018-09-30 2.13
2018-06-30 1.62
2018-03-31 0.85
2017-12-31 -0.52
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.07

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

Next steps:

  1. Examine Chaintech Technology'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. Chaintech Technology'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 Tech 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 Chaintech 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.
Chaintech Technology 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.

Past Performance

  How has Chaintech 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 Chaintech Technology's growth in the last year to its industry (Tech).
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.
  • Chaintech Technology's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chaintech Technology's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chaintech Technology's 1-year earnings growth is negative, it can't be compared to the TW Tech industry average.
Earnings and Revenue History
Chaintech 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 Chaintech Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:2425 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 4,738.18 115.49 185.04 16.63
2019-09-30 4,474.70 136.49 176.30 18.63
2019-06-30 4,369.30 134.42 138.83 21.06
2019-03-31 3,989.20 187.47 108.64 21.74
2018-12-31 4,083.03 244.30 102.75 22.37
2018-09-30 4,444.63 221.71 73.55 21.20
2018-06-30 5,095.17 172.04 72.40 21.32
2018-03-31 5,720.57 91.81 68.33 20.64
2017-12-31 5,772.84 -56.91 67.34 20.16
2017-09-30 6,048.53 5.81 81.72 21.32
2017-06-30 5,956.60 5.97 85.42 20.46
2017-03-31 6,173.71 7.43 94.95 23.32
2016-12-31 6,687.79 91.63 104.71 25.70
2016-09-30 6,927.98 87.00 105.58 29.73
2016-06-30 7,135.15 200.75 118.67 31.92
2016-03-31 7,174.30 190.08 121.12 29.51
2015-12-31 7,384.60 182.71 119.07 28.60
2015-09-30 6,928.34 212.96 121.54 30.29
2015-06-30 6,386.43 156.18 109.83 30.57
2015-03-31 5,637.30 175.88 97.68 29.19
2014-12-31 5,864.54 271.29 92.02 27.05
2014-09-30 6,276.95 283.68 80.12 17.41
2014-06-30 6,605.25 309.85 69.94 12.34
2014-03-31 6,950.52 375.07 69.53 10.40
2013-12-31 6,139.23 352.04 72.58 9.02
2013-09-30 5,144.85 307.28 60.95 7.34
2013-06-30 4,144.42 222.67 60.41 6.53

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chaintech Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chaintech Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chaintech 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.6x 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 Chaintech Technology Company Filings, last reported 3 months ago.

TSEC:2425 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,720.24 156.60 544.36
2019-09-30 1,879.62 171.50 611.41
2019-06-30 1,824.56 93.18 615.21
2019-03-31 1,973.82 77.05 748.88
2018-12-31 1,734.12 0.00 654.67
2018-09-30 1,730.91 37.21 747.03
2018-06-30 1,744.60 0.00 512.62
2018-03-31 1,656.99 0.00 415.08
2017-12-31 1,723.63 0.00 596.53
2017-09-30 1,732.89 0.00 641.83
2017-06-30 1,717.36 75.13 455.52
2017-03-31 1,713.89 33.23 622.37
2016-12-31 1,801.28 76.53 342.69
2016-09-30 1,755.04 165.72 449.27
2016-06-30 1,757.51 496.37 368.87
2016-03-31 1,786.36 260.70 330.33
2015-12-31 1,773.96 356.07 311.47
2015-09-30 1,738.41 365.59 364.84
2015-06-30 1,600.35 346.14 283.81
2015-03-31 1,640.37 385.03 292.75
2014-12-31 1,637.42 84.82 347.76
2014-09-30 1,553.08 21.07 303.04
2014-06-30 1,478.40 321.31 263.95
2014-03-31 1,488.13 712.21 221.31
2013-12-31 1,387.44 585.38 274.53
2013-09-30 1,281.32 374.10 179.12
2013-06-30 1,201.90 640.37 389.74
  • Chaintech Technology's level of debt (9.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.4% vs 9.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 22.3x coverage).
X
Financial health checks
We assess Chaintech 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. Chaintech Technology has a total score of 4/6, 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 Chaintech 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
5.66%
Current annual income from Chaintech Technology dividends.
If you bought NT$2,000 of Chaintech Technology shares you are expected to receive NT$113 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?
  • Chaintech Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Chaintech Technology's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (6.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSEC:2425 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 Tech Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 5.5%
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 6.9%

Industry and Market average data is calculated daily.

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

TSEC:2425 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
TSEC:2425 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 1.500 5.157
2019-03-29 1.500 4.998
2019-03-28 1.500 4.615
2018-11-13 0.000 0.000
2018-11-12 0.000 0.000
2018-08-13 0.000 0.000
2018-05-14 0.000 0.000
2018-03-30 0.000 0.000
2018-03-29 0.000 0.000
2017-05-15 0.150 0.840
2017-03-30 0.150 0.824
2016-05-11 0.300 1.443
2016-03-30 0.300 1.598
2015-05-15 0.360 1.957
2015-03-27 0.360 1.255
2014-11-10 0.260 0.908
2014-08-11 0.260 0.884
2014-05-13 0.260 0.755
2014-03-27 0.260 0.605
2013-08-13 0.428 1.123
2013-03-27 0.428 1.148

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

  • Chaintech Technology has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Chaintech Technology only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Chaintech Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chaintech 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 Chaintech Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chaintech Technology has a total score of 1/6, 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 Chaintech 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
Shu-Jung Kao
COMPENSATION NT$3,391,000
TENURE AS CEO 6.8 years
CEO Bio

Mr. Shu-Jung Kao is Chairman of Chaintech Technology Corporation and serves as its Acting General Manager since July 31, 2013. Mr. Kao is a Director of Chaintech Technology Corporation since January 18, 2012. He is Chairman of Bahamas Shanghai Commonwealth. He studied at Department of Electronic Engineering, National Chin-Yi University of Technology. He served as General Manager of AI-EN Thailand domestic businesses, Deputy General Manager of Beijing Kunru Computers, General Manager of Chih-Jung Information and Chief Representative of ELSA Technology Inc.

CEO Compensation
  • Insufficient data for Shu-Jung to compare compensation growth.
  • Shu-Jung's remuneration is about average for companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Chaintech Technology management team in years:

6.8
Average Tenure
  • The average tenure for the Chaintech Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shu-Jung Kao

TITLE
Chairman & Acting GM
COMPENSATION
NT$3M
TENURE
6.8 yrs

Yu-Nu Lai

TITLE
Financial & Accounting Manager
TENURE
14.6 yrs

Tzu-An Chou

TITLE
Assistant Manager of Marketing & Planning Department
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure of the Chaintech Technology board of directors in years:

7.2
Average Tenure
  • The tenure for the Chaintech Technology board of directors is about average.
Board of Directors

Mu-Tien Wang

TITLE
Director
TENURE
8.3 yrs

Shu-Jung Kao

TITLE
Chairman & Acting GM
COMPENSATION
NT$3M

Li-Cheng Lu

TITLE
Director
TENURE
8.3 yrs

Kuo-Chin Chen

TITLE
Independent Director
TENURE
3.8 yrs

Han-Yu Tang

TITLE
Independent Director
TENURE
3.8 yrs

Chun-Tsun Chou

TITLE
Supervisor
TENURE
8.3 yrs

Sheng-Chin Hsu

TITLE
Supervisor
TENURE
6.2 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 Chaintech 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. Chaintech 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

Chaintech Technology Corporation operates in the mainboard and graphics card markets in Taiwan and China. The company provides graphics cards for NVIDIA and AMD chips; mainboards based on Intel and AMD chipsets; cases and power supplies under the Segotep brand; and tablets under the Colorfly brand. It also engages in the research and development, manufacture, and trading of electronic products, computer hardware, peripheral devices, display cards, and motherboards, as well as general investment business. The company offers its products and services through online distributors and e-commerce platforms, as well as through traditional channels. The company was formerly known as Walton Chaintech Corporation and changed its name to Chaintech Technology Corporation in 2013. Chaintech Technology Corporation was founded in 1986 and is headquartered in New Taipei City, Taiwan.

Details
Name: Chaintech Technology Corporation
2425
Exchange: TSEC
Founded: 1986
NT$2,689,719,021
101,498,831
Website: http://www.chaintech.com.tw
Address: Chaintech Technology Corporation
No. 48-3, Minquan Road,
3rd Floor,
New Taipei City,
231,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 2425 Common Stock Taiwan Stock Exchange TW TWD 02. Aug 1999
Number of employees
Current staff
Staff numbers
135
Chaintech Technology employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 15:25
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2020/03/30
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.