Makalot Industrial (TWSE:1477) - Share price, News & Analysis

Historical stock prices. Current Share Price, NT$226.00. 52 Week High, NT$291.50. 52 Week Low, NT$196.50. Beta, 0.86. 1 Month Change, -3.21%. CompanyOverview1Valuation2FutureGrowth3PastPerformance4FinancialHealth5Dividend6Management7OwnershipOtherInformation1477fundamentalanalysisSnowflakeScoreValuation2/6FutureGrowth4/6PastPerformance3/6FinancialHealth5/6Dividends4/61477StockOverviewMakalotIndustrialCo.,Ltd.engagesinthedesign,manufacture,andsaleofgarmentsformen,women,andchildreninTaiwan.AboutthecompanyRewardsTradingat52.5%belowourestimateofitsfairvalueEarningsareforecasttogrow15.61%peryearEarningshavegrown13.2%peryearoverthepast5yearsRiskAnalysisHighlevelofnon-cashearningsUnstabledividendtrackrecordSeeAllRiskChecksMakalotIndustrialCompetitorsTainanEnterprisesLtdTWSE:1473NT$2.7bShenzhouInternationalGroupHoldingsSEHK:2313HK$198.6bCrystalInternationalGroupSEHK:2232HK$7.8bYoungoneHoldingsKOSE:A009970₩537.9bPriceHistory&PerformanceSummaryofalltimehighs,changesandpricedropsforMakalotIndustrialHistoricalstockpricesCurrentSharePriceNT$220.0052WeekHighNT$291.5052WeekLowNT$196.50Beta0.861MonthChange-4.97%3MonthChange-5.98%1YearChange8.11%3YearChange23.20%5YearChange87.81%ChangesinceIPO580.14%RecentNews&UpdatesNov07Thirdquarter2021earningsreleased:EPSNT$3.24(vsNT$3.63in3Q2020)Thecompanyreportedamediocrethirdquarterresultwithweakerearnings,althoughprofitmarginswereflatandrevenuesimproved.Thirdquarter2021results:Revenue:NT$8.30b(up3.4%from3Q2020).Netincome:NT$783.2m(down1.7%from3Q2020).Profitmargin:9.4%(inlinewith3Q2020).Overthelast3yearsonaverage,earningspersharehasincreasedby15%peryearwhereasthecompany’ssharepricehasincreasedby14%peryear.Aug09Secondquarter2021earningsreleased:EPSNT$2.28(vsNT$1.61in2Q2020)Thecompanyreportedastrongsecondquarterresultwithimprovedearnings,revenuesandprofitmargins.Secondquarter2021results:Revenue:NT$6.12b(up30%from2Q2020).Netincome:NT$551.5m(up56%from2Q2020).Profitmargin:9.0%(upfrom7.5%in2Q2020).Theincreaseinmarginwasdrivenbyhigherrevenue.Overthelast3yearsonaverage,earningspersharehasincreasedby17%peryearwhereasthecompany’ssharepricehasincreasedby20%peryear.May24InvestorsentimentimprovedoverthepastweekAfterlastweek's18%sharepricegaintoNT$281,thestocktradesataforwardP/Eratioof25x.AverageforwardP/Eis20xintheLuxuryindustryinTaiwan.Totalreturnstoshareholdersof149%overthepastthreeyears.SimplyWallSt'svaluationmodelestimatestheintrinsicvalueatNT$307pershare.May07Firstquarter2021earningsreleased:EPSNT$2.92(vsNT$1.94in1Q2020)Thecompanyreportedastrongfirstquarterresultwithimprovedearnings,revenuesandprofitmargins.Firstquarter2021results:Revenue:NT$6.82b(up11%from1Q2020).Netincome:NT$650.2m(up52%from1Q2020).Profitmargin:9.5%(upfrom7.0%in1Q2020).Theincreaseinmarginwasdrivenbyhigherrevenue.Overthelast3yearsonaverage,earningspersharehasincreasedby17%peryearbutthecompany’ssharepricehasincreasedby26%peryear,whichmeansitistrackingsignificantlyaheadofearningsgrowth.Apr24TheReturnsAtMakalotIndustrial(TPE:1477)Aren'tGrowingIfyou'relookingforamulti-bagger,there'safewthingstokeepaneyeoutfor.Ideally,abusinesswillshowtwo...Apr09UpcomingdividendofNT$8.00pershareEligibleshareholdersmusthaveboughtthestockbefore16April2021.Paymentdate:13May2021.Trailingyield:2.0%.LowerthantopquartileofTaiwanesedividendpayers(4.8%).Lowerthanaverageofindustrypeers(2.8%).SeemoreupdatesShareholderReturns1477TWLuxuryTWMarket7D-3.1%-2.5%-3.7%1Y8.1%12.5%7.6%SeefullshareholderreturnsReturnvsIndustry:1477underperformedtheTWLuxuryindustrywhichreturned12.5%overthepastyear.ReturnvsMarket:1477matchedtheTWMarketwhichreturned7.6%overthepastyear.PriceVolatilityIs1477'spricevolatilecomparedtoindustryandmarket?1477volatility1477AverageWeeklyMovement3.3%LuxuryIndustryAverageMovement3.0%MarketAverageMovement4.1%10%mostvolatilestocksinTWMarket8.3%10%leastvolatilestocksinTWMarket1.6%StableSharePrice:1477isnotsignificantlymorevolatilethantherestofTWstocksoverthepast3months,typicallymoving+/-3%aweek.VolatilityOverTime:1477'sweeklyvolatility(3%)hasbeenstableoverthepastyear.AbouttheCompanyFoundedEmployeesCEOWebsite1990n/aFrankChouhttps://www.makalot.com.twMakalotIndustrialCo.,Ltd.engagesinthedesign,manufacture,andsaleofgarmentsformen,women,andchildreninTaiwan.Itoffersfashionclothing;sportswear;sleepwear,includingtrousersandshorts,T-shirts,dresses,shirts,pajamasandunderwear,sportscombos,skirts,vests,knitwear,andjackets;andready-to-wearclothing,activewear,loungewear,andgiftsets.Thecompanyalsoprovidesmaterialdevelopment,suppliersearchandmanagement,styledesign,fashiontrendprovision,manufacturing,researchanddevelopment,andlogisticsservices.ShowmoreMakalotIndustrialFundamentalsSummaryHowdoMakalotIndustrial'searningsandrevenuecomparetoitsmarketcap?1477fundamentalstatisticsMarketCapNT$53.21bEarnings(TTM)NT$2.46bRevenue(TTM)NT$27.28b21.6xP/ERatio2.0xP/SRatioIs1477overvalued?SeeFairValueandvaluationanalysisEarnings&RevenueKeyprofitabilitystatisticsfromthelatestearningsreport1477incomestatement(TTM)RevenueNT$27.28bCostofRevenueNT$21.17bGrossProfitNT$6.11bOtherExpensesNT$3.64bEarningsNT$2.46bLastReportedEarningsSep30,2021NextEarningsDaten/aEarningspershare(EPS)10.19GrossMargin22.39%NetProfitMargin9.03%Debt/EquityRatio11.5%Howdid1477performoverthelongterm?SeehistoricalperformanceandcomparisonDividends3.6%CurrentDividendYield75%PayoutRatioValuationIsMakalotIndustrialundervaluedcomparedtoitsfairvalueanditspricerelativetothemarket?>50%UndervaluedcomparedtofairvalueSharePricevs.FairValueBelowFairValue:1477(NT$220)istradingbelowourestimateoffairvalue(NT$463.04)SignificantlyBelowFairValue:1477istradingbelowfairvaluebymorethan20%.PriceToEarningsRatioPEvsIndustry:1477ispoorvaluebasedonitsPERatio(21.6x)comparedtotheTWLuxuryindustryaverage(20.6x).PEvsMarket:1477ispoorvaluebasedonitsPERatio(21.6x)comparedtotheTWmarket(16.8x).PricetoEarningsGrowthRatioPEGRatio:1477ispoorvaluebasedonitsPEGRatio(1.4x)PricetoBookRatioPBvsIndustry:1477isovervaluedbasedonitsPBRatio(4.1x)comparedtotheTWLuxuryindustryaverage(1.2x).FutureGrowthHowisMakalotIndustrialforecasttoperforminthenext1to3yearsbasedonestimatesfrom15analysts?15.6%ForecastedannualearningsgrowthEarningsandRevenueGrowthForecastsAnalystFutureGrowthForecastsEarningsvsSavingsRate:1477'sforecastearningsgrowth(15.6%peryear)isabovethesavingsrate(0.7%).EarningsvsMarket:1477'searnings(15.6%peryear)areforecasttogrowfasterthantheTWmarket(8.9%peryear).HighGrowthEarnings:1477'searningsareforecasttogrow,butnotsignificantly.RevenuevsMarket:1477'srevenue(13%peryear)isforecasttogrowfasterthantheTWmarket(9.7%peryear).HighGrowthRevenue:1477'srevenue(13%peryear)isforecasttogrowslowerthan20%peryear.EarningsperShareGrowthForecastsFutureReturnonEquityFutureROE:1477'sReturnonEquityisforecasttobehighin3yearstime(24.7%)PastPerformanceHowhasMakalotIndustrialperformedoverthepast5years?13.2%HistoricalannualearningsgrowthEarningsandRevenueHistoryQualityEarnings:1477hasahighlevelofnon-cashearnings.GrowingProfitMargin:1477'scurrentnetprofitmargins(9%)arehigherthanlastyear(7.9%).PastEarningsGrowthAnalysisEarningsTrend:1477'searningshavegrownby13.2%peryearoverthepast5years.AcceleratingGrowth:1477'searningsgrowthoverthepastyear(23.6%)exceedsits5-yearaverage(13.2%peryear).EarningsvsIndustry:1477earningsgrowthoverthepastyear(23.6%)underperformedtheLuxuryindustry23.6%.ReturnonEquityHighROE:1477'sReturnonEquity(19%)isconsideredlow.FinancialHealthHowisMakalotIndustrial'sfinancialposition?FinancialPositionAnalysisShortTermLiabilities:1477'sshorttermassets(NT$14.0B)exceeditsshorttermliabilities(NT$6.3B).LongTermLiabilities:1477'sshorttermassets(NT$14.0B)exceeditslongtermliabilities(NT$673.9M).DebttoEquityHistoryandAnalysisDebtLevel:1477hasmorecashthanitstotaldebt.ReducingDebt:1477'sdebttoequityratiohasincreasedfrom3%to11.5%overthepast5years.DebtCoverage:1477'sdebtiswellcoveredbyoperatingcashflow(67.7%).InterestCoverage:1477'sinterestpaymentsonitsdebtarewellcoveredbyEBIT(207.4xcoverage).BalanceSheetDividendWhatisMakalotIndustrialcurrentdividendyield,itsreliabilityandsustainability?3.64%CurrentDividendYieldDividendYieldvsMarketNotableDividend:1477'sdividend(3.64%)ishigherthanthebottom25%ofdividendpayersintheTWmarket(1.91%).HighDividend:1477'sdividend(3.64%)islowcomparedtothetop25%ofdividendpayersintheTWmarket(5.08%).StabilityandGrowthofPaymentsStableDividend:1477'sdividendpaymentshavebeenvolatileinthepast10years.GrowingDividend:1477'sdividendpaymentshaveincreasedoverthepast10years.CurrentPayouttoShareholdersDividendCoverage:Atitscurrentpayoutratio(75.2%),1477'spaymentsarecoveredbyearnings.FuturePayouttoShareholdersFutureDividendCoverage:1477'sdividendsin3yearsareforecasttobecoveredbyearnings(84.3%payoutratio).NextStepsExplorestrongdividendpayingcompaniesintheConsumerDurablesindustry.ManagementHowexperiencedarethemanagementteamandaretheyalignedtoshareholdersinterests?11.5yrsAveragemanagementtenureCEOFrankChou32yrsTenureMr.Li-PingChou,alsoknownasFrank,hasbeentheChairmanofMakalotIndustrialCo.,Ltd.,sinceJune22,2011andhasbeenitsChiefExecutiveOfficer&PresidentsinceFebruary1,1990.Mr.Chouserve...ShowmoreLeadershipTeamShowmoreExperiencedManagement:1477'smanagementteamisseasonedandexperienced(11.5yearsaveragetenure).BoardMembersShowmoreExperiencedBoard:1477'sboardofdirectorsareseasonedandexperienced(13.7yearsaveragetenure).OwnershipWhoarethemajorshareholdersandhaveinsidersbeenbuyingorselling?InsiderTradingVolumeInsiderBuying:Insufficientdatatodetermineifinsidershaveboughtmoresharesthantheyhavesoldinthepast3months.OwnershipBreakdownDilutionofShares:Shareholdershavenotbeenmeaningfullydilutedinthepastyear.TopShareholdersCompanyInformationMakalotIndustrialCo.,Ltd.'semployeegrowth,exchangelistingsanddatasourcesKeyInformationName:MakalotIndustrialCo.,Ltd.Ticker:1477Exchange:TWSEFounded:1990Industry:Apparel,AccessoriesandLuxuryGoodsSector:ConsumerDurablesImpliedMarketCap:NT$53.208bSharesoutstanding:241.86mWebsite:https://www.makalot.com.twLocationMakalotIndustrialCo.,Ltd.No.550,ZhongxiaoEastRoad8thFloorTaipei110TaiwanListingsCompanyAnalysisandFinancialDataStatusAllfinancialdataprovidedbyStandard&Poor'sCapitalIQ.DataLastUpdated(UTCtime)CompanyAnalysis2022/02/2516:00EndofDaySharePrice2022/02/2500:00Earnings2021/09/30AnnualEarnings2020/12/31Unlessspecifiedallfinancialdataisbasedonayearlyperiodbutupdatedquarterly.ThisisknownasTrailingTwelveMonth(TTM)orLastTwelveMonth(LTM)Data.Learnmorehere.