NEWS BITES ASIAN MARKETS
Gigabyte Technology Co Ltd (TWSE:2376), Taiwan's 19th largest computer and peripheral equipment company by market capitalisation, closed unchanged at TWD26.25, ending a two-day streak of rises. Compared with the FTSE TWSE Taiwan 50 Index, which rose 30.5 points (or 0.6%) on the day, this was a relative price change of -0.6%. The volume was 0.1 times the average trading of 1.6 million shares.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- Price/Earnings of 10.6 versus sector average of 15.6 and market average of 22.3.
- The Price to Book of 0.8 is lower than the average of 1.5 for the Computer and Peripheral Equipment sector and 1.7 for the Total Taiwanese Market.
- Dividend Yield of 7.6% (based on trailing 12 months dividends of TWD2.0) versus sector average of 4.0% and market average of 3.4%.
- The P/E of 10.6 multiplied by the P/NTA of 0.8 is 8.3. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
- The company is cash rich with Cash to Market Capitalisation at 57.3%
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.6. Compared with the rest of the market the stock is undervalued.
Performance
- Return on Assets of 5.3% versus sector average of 3.3% and market average of 1.7%.
Bearish Signals:
Valuation
- Price/Sales of 0.3 versus sector average of 0.3 and market average of 0.9.
Performance
- Return on Equity of 7.5% versus sector average of 8.8% and market average of 7.1%.
Description | Value | Rank In Market |
Price to Sales | 0.3 | In Top Quartile |
P/E * P/NTA | 8.34 | In Top Quartile |
Dividend Yield % | 7.6% | In Top Quartile |
Earnings Yield % | 9.5 | In Top Quartile |
Price Earnings | 10.6 | In Top Quartile |
RELATIVE VALUATION INDICATORS [RVI] TECHNICALS
- In the Taiwanese market of 1,343 stocks traded today, the stock has a 6-month relative price strength of 47 (it has underperformed 53% of the market).
Beta: The Beta of this stock is 0.5. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
Volume: there were 204,000 shares worth TWD5.4 million (US$179,928) traded.
% Discount to high: it is at a discount of 9.3% to the 12-month high of TWD28.95 (traded on 22 Jun, 2012).
% Premium to low: it is at a premium of 19.9% to the 12-month low of TWD21.90 (traded on 29 Oct, 2012).
- The present value of TWD1,000 (PV$1000) invested one year ago is TWD1,133 [vs TWD1,048 for the FTSE TWSE Taiwan 50 Index], including a capital gain of TWD54 and dividend reinvested of TWD79. The total return to shareholders for 1 year is 13.3%.
PV$1000 | 1-week | 1-month | 1-year |
2376.TWSE | TWD1,000 | TWD1,023 | TWD1,133 |
Overbought/Bearish/Resistance Signals
- The stock is overbought according to the Williams % R indicator of -10.0, suggesting the price is close to its 14-day high.
Description | Value | Rank In Market |
MCap | US$550.9 million | In Top Quartile |
Volatility % | 0.8 | In Top Quartile |
Williams %R | -10.0 | Bearish |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
