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Alpha Networks

TSEC:3380
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3380
TSEC
NT$10B
Market Cap
  1. Home
  2. TW
  3. Tech
Company description

Alpha Networks Inc. designs, manufactures, and services networking products worldwide. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Alpha Networks has significant price volatility in the past 3 months.
3380 Share Price and Events
7 Day Returns
8.4%
TSEC:3380
6.5%
TW Communications
4.9%
TW Market
1 Year Returns
-8.6%
TSEC:3380
-6.2%
TW Communications
-7.7%
TW Market
3380 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alpha Networks (3380) 8.4% -11.7% -18.1% -8.6% -20.1% -27.8%
TW Communications 6.5% -5.5% -12.3% -6.2% 4.2% 27.3%
TW Market 4.9% -7.9% -15.3% -7.7% 1.3% 4.7%
1 Year Return vs Industry and Market
  • 3380 underperformed the Communications industry which returned -6.2% over the past year.
  • 3380 matched the Taiwan, Province of China Market (-7.7%) over the past year.
Price Volatility
3380
Industry
5yr Volatility vs Market

Value

 Is Alpha Networks 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 Alpha Networks 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 Alpha Networks.

TSEC:3380 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$ .440000
Payout Ratio Company Filings (2019-12-31) 7522.2%
Discount Rate (Cost of Equity) See below 7.1%
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 TSEC:3380
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Communications Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.93 (1 + (1- 20%) (21.07%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.026 * 6.21%)
7.08%

Discounted Cash Flow Calculation for TSEC:3380 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Alpha Networks 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:3380 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$0.44 / (7.08% - 0.71%)
NT$6.9
TSEC:3380 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$6.90
Current discount Discount to share price of NT$18.10
= -1 x (NT$18.10 - NT$6.90) / NT$6.90
-162.3%

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

  • The current share price of Alpha Networks 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 Alpha Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alpha Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSEC:3380 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.44
TSEC:3380 Share Price ** TSEC (2020-04-09) in TWD NT$18.1
Taiwan, Province of China Communications Industry PE Ratio Median Figure of 41 Publicly-Listed Communications Companies 19.92x
Taiwan, Province of China Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 14.6x

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

** Primary Listing of Alpha Networks.

TSEC:3380 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSEC:3380 Share Price ÷ EPS (both in TWD)

= 18.1 ÷ 0.44

40.74x

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

  • Alpha Networks is overvalued based on earnings compared to the TW Communications industry average.
  • Alpha Networks is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Alpha Networks's expected growth come at a high price?
Raw Data
TSEC:3380 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Taiwan, Province of China Communications Industry PEG Ratio Median Figure of 6 Publicly-Listed Communications Companies 1.33x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.16x

*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 Alpha Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alpha Networks's assets?
Raw Data
TSEC:3380 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$18.51
TSEC:3380 Share Price * TSEC (2020-04-09) in TWD NT$18.1
Taiwan, Province of China Communications Industry PB Ratio Median Figure of 58 Publicly-Listed Communications Companies 1x
Taiwan, Province of China Market PB Ratio Median Figure of 1,962 Publicly-Listed Companies 1.22x
TSEC:3380 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSEC:3380 Share Price ÷ Book Value per Share (both in TWD)

= 18.1 ÷ 18.51

0.98x

* Primary Listing of Alpha Networks.

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

  • Alpha Networks is good value based on assets compared to the TW Communications industry average.
X
Value checks
We assess Alpha Networks'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Alpha Networks has a total score of 1/6, 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 Alpha Networks expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.7%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alpha Networks expected to grow at an attractive rate?
  • Unable to compare Alpha Networks's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Alpha Networks's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Alpha Networks's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSEC:3380 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Communications Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
Taiwan, Province of China Communications Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
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 6.6%

*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:3380 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSEC:3380 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 17,514 -505 2
2020-04-09
TSEC:3380 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 15,826 392 239
2019-09-30 15,233 31 287
2019-06-30 14,835 -864 221
2019-03-31 14,836 -376 -27
2018-12-31 15,608 354 -88
2018-09-30 15,885 637 -132
2018-06-30 17,139 593 7
2018-03-31 18,281 500 317
2017-12-31 19,057 682 549
2017-09-30 19,831 947 600
2017-06-30 20,067 2,087 537
2017-03-31 21,406 2,177 702

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Alpha Networks is high growth as no earnings estimate data is available.
  • Unable to determine if Alpha Networks 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:3380 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 2 Analyst Estimates (S&P Global) See Below

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

TSEC:3380 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-04-09
TSEC:3380 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.44
2019-09-30 0.53
2019-06-30 0.41
2019-03-31 -0.05
2018-12-31 -0.17
2018-09-30 -0.27
2018-06-30 0.01
2018-03-31 0.72
2017-12-31 1.26
2017-09-30 1.38
2017-06-30 1.24
2017-03-31 1.62

*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 Alpha Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Alpha Networks'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.
Alpha Networks 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 Alpha Networks 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 Alpha Networks's growth in the last year to its industry (Communications).
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.
  • Alpha Networks's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Alpha Networks has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Alpha Networks has become profitable in the last year making it difficult to compare the TW Communications industry average.
Earnings and Revenue History
Alpha Networks'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 Alpha Networks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSEC:3380 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 15,825.81 238.90 1,028.79 1,353.11
2019-09-30 15,233.16 286.76 1,040.08 1,349.85
2019-06-30 14,835.21 220.69 1,020.03 1,319.15
2019-03-31 14,835.53 -26.90 1,000.80 1,280.52
2018-12-31 15,608.22 -88.01 1,023.54 1,280.17
2018-09-30 15,884.61 -131.81 954.63 1,253.12
2018-06-30 17,138.73 6.59 996.18 1,258.93
2018-03-31 18,280.75 316.61 997.06 1,253.63
2017-12-31 19,057.11 548.54 1,019.25 1,261.22
2017-09-30 19,830.53 600.39 1,074.91 1,283.29
2017-06-30 20,067.26 537.21 1,084.78 1,289.20
2017-03-31 21,406.05 702.15 1,142.17 1,340.65
2016-12-31 21,830.73 608.04 1,155.41 1,379.07
2016-09-30 22,064.85 371.41 1,224.92 1,404.58
2016-06-30 22,457.20 -17.78 1,335.72 1,434.49
2016-03-31 22,327.81 -329.29 1,363.83 1,419.70
2015-12-31 22,995.24 -340.11 1,381.75 1,419.59
2015-09-30 23,905.46 29.59 1,402.72 1,434.07
2015-06-30 24,001.80 457.21 1,372.26 1,416.38
2015-03-31 23,697.59 554.00 1,381.24 1,392.11
2014-12-31 23,277.51 535.77 1,406.18 1,390.04
2014-09-30 23,807.09 569.62 1,373.57 1,393.40
2014-06-30 24,613.30 675.55 1,377.85 1,425.90
2014-03-31 24,691.42 779.97 1,390.56 1,467.12
2013-12-31 24,103.76 779.52 1,402.10 1,474.04
2013-09-30 22,830.13 687.72 1,432.42 1,418.74
2013-06-30 22,670.92 597.13 1,396.00 1,443.24

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

Health

 How is Alpha Networks'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 Alpha Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alpha Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alpha Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Alpha Networks'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 10.7x 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 Alpha Networks Company Filings, last reported 3 months ago.

TSEC:3380 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,047.29 1,793.75 7,065.59
2019-09-30 9,925.71 0.00 5,699.31
2019-06-30 10,012.09 0.00 5,662.01
2019-03-31 10,518.44 0.00 5,726.10
2018-12-31 10,393.75 0.00 6,412.56
2018-09-30 10,211.65 0.01 6,404.09
2018-06-30 10,328.20 0.01 7,235.81
2018-03-31 11,030.23 0.01 6,809.35
2017-12-31 8,694.96 0.01 4,507.15
2017-09-30 8,546.26 13.66 4,265.31
2017-06-30 8,310.44 2.00 4,850.50
2017-03-31 8,554.72 7.49 4,374.07
2016-12-31 8,518.66 0.00 4,242.96
2016-09-30 8,446.52 613.39 4,402.81
2016-06-30 8,475.96 804.04 3,922.71
2016-03-31 8,497.33 628.93 3,130.02
2015-12-31 8,411.09 624.55 2,763.82
2015-09-30 8,652.25 2,931.97 2,143.85
2015-06-30 9,021.04 759.41 2,953.32
2015-03-31 9,685.11 3,597.95 3,244.73
2014-12-31 9,683.10 933.95 2,573.47
2014-09-30 9,418.00 4,303.10 1,730.54
2014-06-30 9,211.23 2,728.25 1,760.08
2014-03-31 9,895.43 1,262.81 1,871.11
2013-12-31 9,787.00 1,336.47 2,342.03
2013-09-30 9,282.43 1,276.89 2,269.36
2013-06-30 9,125.70 1,238.56 2,892.12
  • Alpha Networks's level of debt (12.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10% vs 12.8% today).
  • Debt is well covered by operating cash flow (21.9%, greater than 20% of total debt).
  • Alpha Networks earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Alpha Networks'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. Alpha Networks has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Alpha Networks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.43%
Current annual income from Alpha Networks dividends.
If you bought NT$2,000 of Alpha Networks shares you are expected to receive NT$49 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?
  • Alpha Networks's pays a lower dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.07%).
  • Alpha Networks's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (6.58%).
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:3380 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 2 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Communications Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.9%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1335 Stocks 4.4%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.7%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.1%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6.6%

Industry and Market average data is calculated daily.

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

TSEC:3380 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-09
TSEC:3380 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.440 2.757
2020-03-18 0.440 2.971
2018-05-04 1.000 5.260
2018-03-22 1.000 4.551
2017-05-04 1.040 4.213
2017-03-21 1.040 4.492
2017-03-20 1.040 4.258
2016-03-23 0.500 2.614
2015-03-18 1.333 7.427
2014-11-10 1.511 7.873
2014-08-11 1.511 7.824
2014-05-14 1.500 5.998
2014-03-21 1.511 5.457
2013-11-12 1.278 5.198
2013-08-09 1.256 6.048
2013-05-10 1.256 5.874
2013-03-22 1.278 5.985
2012-04-30 1.567 6.922
2012-03-29 1.489 5.345
2011-04-28 1.667 6.676
2011-03-24 1.667 6.189
2011-01-17 1.667 6.003
2010-08-25 1.422 4.982
2010-04-23 1.422 4.946

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Alpha Networks's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x 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 Alpha Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Alpha Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alpha Networks 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.

Management

 What is the CEO of Alpha Networks'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
John Lee
CEO Bio

Mr. John Lee serves as the Chairman and Chief Executive Officer of Alpha Networks, Inc. Mr. Lee has been Representative Director of Alpha Networks Inc. since 2020. He serves as Director, Representative of D-Link Asia Investment Pte. Ltd.; Director, Representative of Alpha Holdings Inc.; Director, Representative of Alpha Networks (Hong Kong) Limited; Chairman, Representative of Enrich Investment Corporation; Chairman of Alpha Networks Foundation and Supervisor of Lanner Electronics Inc. He served as Chairman of D-Link Corporation. He holds Master’s Degree in Electrical Engineering from National Taiwan University.

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

John Lee

TITLE
Chairman and Chief Executive Officer

Yu Chin Lin

TITLE
President & Director

Mason Liu

TITLE
Head of Finance Department and Deputy General Manager

Yun Wen Huang

TITLE
Director of Finance & Accounting Division

Ting Gan Kang

TITLE
Chief Technology Officer

Claire Yu

TITLE
Manager of IR & Deputy Spokesperson

Fan Xiao

TITLE
Deputy General Manager
TENURE
13.8 yrs
Board of Directors Tenure

Average tenure and age of the Alpha Networks board of directors in years:

1.5
Average Tenure
58
Average Age
  • The average tenure for the Alpha Networks board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Chen

TITLE
Vice Chairman
AGE
58
TENURE
1.3 yrs

John Lee

TITLE
Chairman and Chief Executive Officer

Yu Chin Lin

TITLE
President & Director

Harry Huang

TITLE
Independent Director
AGE
79
TENURE
13.8 yrs

Mao-Chao Lin

TITLE
Independent Director
TENURE
2.3 yrs

Howard Kao Kao

TITLE
Director
AGE
42
TENURE
1.8 yrs

April Huang

TITLE
Director
TENURE
0.7 yrs

Evelyn Wang

TITLE
Director
TENURE
1.3 yrs

Pi Ye Lin

TITLE
Supervisor

Jin Cheng Lin

TITLE
Supervisor
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 Alpha Networks'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. Alpha Networks 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

Alpha Networks Inc. designs, manufactures, and services networking products worldwide. The company offers LAN/MAN products, including bare metal, data center, enterprise, SMB, metro Ethernet access, broadband access, and industrial Ethernet switches; and wireless broadband products, including small cells, LTE and VDSL routers, and GPON and VDSL IAD devices. It also provides wireless routers and WLAN access point products; and digital multimedia products comprising IP cameras and smart home products. In addition, the company offers mobile enterprise solutions that include intelligent radars. Alpha Networks Inc. was founded in 2003 and is headquartered in Hsinchu, Taiwan.

Details
Name: Alpha Networks Inc.
3380
Exchange: TSEC
Founded: 2003
NT$9,818,932,526
542,482,460
Website: http://www.alphanetworks.com
Address: Alpha Networks Inc.
Science-based Industrial Park,
No. 8, Li-shing 7th Road,
Hsinchu,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSEC 3380 Common Stock Taiwan Stock Exchange TW TWD 20. Dec 2004
Number of employees
Current staff
Staff numbers
0
Alpha Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 14:31
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/19
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.