Harmony Electronics Co. Ltd Logo

Harmony Electronics Co. Ltd

8182.TWO

(2.5)
Stock Price

36,75 TWD

0.5% ROA

3.6% ROE

108.63x PER

Market Cap.

3.366.439.450,00 TWD

49.77% DER

3.18% Yield

4.59% NPM

Harmony Electronics Co. Ltd Stock Analysis

Harmony Electronics Co. Ltd Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Harmony Electronics Co. Ltd Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (1x), the stock offers substantial upside potential at a bargain price.

2 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

3 Dividend

Shareholders can rely on the company's remarkable dividend history, consistently paying dividends for the past five years, demonstrating a steadfast dedication to rewarding investors.

4 ROE

ROE in an average range (2.49%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (1.39%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 DER

The stock has a reasonable amount of debt compared to its ownership (55%), suggesting a balanced financial position and a moderate level of risk.

7 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (1.230), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

8 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

9 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

10 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

11 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

Harmony Electronics Co. Ltd Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Harmony Electronics Co. Ltd Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Harmony Electronics Co. Ltd Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Harmony Electronics Co. Ltd Revenue
Year Revenue Growth
2009 4.056.655.000
2010 5.420.252.000 25.16%
2011 5.082.254.000 -6.65%
2012 3.422.008.000 -48.52%
2013 3.161.132.000 -8.25%
2014 2.884.403.000 -9.59%
2015 2.817.432.000 -2.38%
2016 2.969.162.000 5.11%
2017 2.854.160.000 -4.03%
2018 2.757.912.000 -3.49%
2019 2.629.379.000 -4.89%
2020 3.020.002.000 12.93%
2021 3.598.663.000 16.08%
2022 2.881.594.000 -24.88%
2023 2.946.196.000 2.19%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Harmony Electronics Co. Ltd Research and Development Expenses
Year Research and Development Expenses Growth
2009 38.735.000
2010 51.632.000 24.98%
2011 67.459.000 23.46%
2012 59.967.000 -12.49%
2013 57.939.000 -3.5%
2014 61.578.000 5.91%
2015 66.335.000 7.17%
2016 64.557.000 -2.75%
2017 65.753.000 1.82%
2018 69.173.000 4.94%
2019 71.918.000 3.82%
2020 74.305.000 3.21%
2021 75.478.000 1.55%
2022 76.983.000 1.95%
2023 91.708.000 16.06%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Harmony Electronics Co. Ltd General and Administrative Expenses
Year General and Administrative Expenses Growth
2009 138.463.000
2010 150.509.000 8%
2011 136.599.000 -10.18%
2012 140.444.000 2.74%
2013 133.179.000 -5.46%
2014 159.223.000 16.36%
2015 153.268.000 -3.89%
2016 138.302.000 -10.82%
2017 137.170.000 -0.83%
2018 151.535.000 9.48%
2019 159.297.000 4.87%
2020 158.765.000 -0.34%
2021 179.496.000 11.55%
2022 181.050.000 0.86%
2023 175.776.000 -3%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Harmony Electronics Co. Ltd EBITDA
Year EBITDA Growth
2009 459.465.000
2010 539.412.000 14.82%
2011 434.692.000 -24.09%
2012 304.889.000 -42.57%
2013 407.511.000 25.18%
2014 459.556.000 11.33%
2015 402.015.000 -14.31%
2016 377.832.000 -6.4%
2017 403.394.000 6.34%
2018 460.461.000 12.39%
2019 437.760.000 -5.19%
2020 531.665.000 17.66%
2021 926.479.000 42.61%
2022 667.922.000 -38.71%
2023 679.372.000 1.69%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Harmony Electronics Co. Ltd Gross Profit
Year Gross Profit Growth
2009 522.443.000
2010 704.366.000 25.83%
2011 488.635.000 -44.15%
2012 375.278.000 -30.21%
2013 407.450.000 7.9%
2014 477.239.000 14.62%
2015 450.367.000 -5.97%
2016 500.412.000 10%
2017 519.392.000 3.65%
2018 543.743.000 4.48%
2019 501.681.000 -8.38%
2020 659.325.000 23.91%
2021 1.026.177.000 35.75%
2022 632.548.000 -62.23%
2023 580.692.000 -8.93%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Harmony Electronics Co. Ltd Net Profit
Year Net Profit Growth
2009 110.021.000
2010 190.156.000 42.14%
2011 116.905.000 -62.66%
2012 12.927.000 -804.35%
2013 85.720.000 84.92%
2014 135.381.000 36.68%
2015 103.114.000 -31.29%
2016 96.576.000 -6.77%
2017 139.305.000 30.67%
2018 159.982.000 12.92%
2019 139.194.000 -14.93%
2020 222.372.000 37.4%
2021 509.642.000 56.37%
2022 267.349.000 -90.63%
2023 174.380.000 -53.31%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Harmony Electronics Co. Ltd Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2009 1
2010 2 50%
2011 1 -100%
2012 0 0%
2013 1 0%
2014 1 100%
2015 1 0%
2016 1 0%
2017 1 100%
2018 1 0%
2019 1 0%
2020 2 50%
2021 5 50%
2022 3 -100%
2023 2 -100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Harmony Electronics Co. Ltd Free Cashflow
Year Free Cashflow Growth
2009 183.606.000
2010 92.318.000 -98.88%
2011 102.506.000 9.94%
2012 409.466.000 74.97%
2013 399.303.000 -2.55%
2014 214.112.000 -86.49%
2015 301.429.000 28.97%
2016 52.977.000 -468.98%
2017 -39.840.000 232.97%
2018 112.974.000 135.26%
2019 18.356.000 -515.46%
2020 -86.442.000 121.24%
2021 -185.683.000 53.45%
2022 -144.135.000 -28.83%
2023 204.309.000 170.55%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Harmony Electronics Co. Ltd Operating Cashflow
Year Operating Cashflow Growth
2009 356.915.000
2010 513.099.000 30.44%
2011 312.360.000 -64.27%
2012 492.307.000 36.55%
2013 567.810.000 13.3%
2014 480.430.000 -18.19%
2015 441.887.000 -8.72%
2016 217.771.000 -102.91%
2017 302.327.000 27.97%
2018 434.188.000 30.37%
2019 315.556.000 -37.59%
2020 319.782.000 1.32%
2021 657.424.000 51.36%
2022 416.364.000 -57.9%
2023 216.057.000 -92.71%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Harmony Electronics Co. Ltd Capital Expenditure
Year Capital Expenditure Growth
2009 173.309.000
2010 420.781.000 58.81%
2011 209.854.000 -100.51%
2012 82.841.000 -153.32%
2013 168.507.000 50.84%
2014 266.318.000 36.73%
2015 140.458.000 -89.61%
2016 164.794.000 14.77%
2017 342.167.000 51.84%
2018 321.214.000 -6.52%
2019 297.200.000 -8.08%
2020 406.224.000 26.84%
2021 843.107.000 51.82%
2022 560.499.000 -50.42%
2023 11.748.000 -4671.02%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Harmony Electronics Co. Ltd Equity
Year Equity Growth
2009 1.941.137.000
2010 2.508.660.000 22.62%
2011 2.594.146.000 3.3%
2012 2.507.525.000 -3.45%
2013 2.543.126.000 1.4%
2014 2.685.233.000 5.29%
2015 2.656.391.000 -1.09%
2016 2.612.524.000 -1.68%
2017 2.659.697.000 1.77%
2018 2.781.031.000 4.36%
2019 2.949.262.000 5.7%
2020 3.066.471.000 3.82%
2021 3.534.123.000 13.23%
2022 3.397.029.000 -4.04%
2023 3.489.497.000 2.65%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Harmony Electronics Co. Ltd Assets
Year Assets Growth
2009 4.326.646.000
2010 4.803.614.000 9.93%
2011 4.926.917.000 2.5%
2012 4.585.980.000 -7.43%
2013 4.088.518.000 -12.17%
2014 4.181.458.000 2.22%
2015 4.207.671.000 0.62%
2016 4.403.376.000 4.44%
2017 4.131.410.000 -6.58%
2018 4.105.185.000 -0.64%
2019 4.471.700.000 8.2%
2020 4.894.317.000 8.63%
2021 5.888.535.000 16.88%
2022 5.889.852.000 0.02%
2023 6.186.718.000 4.8%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Harmony Electronics Co. Ltd Liabilities
Year Liabilities Growth
2009 2.377.658.000
2010 2.286.509.000 -3.99%
2011 2.324.243.000 1.62%
2012 2.069.636.000 -12.3%
2013 1.536.698.000 -34.68%
2014 1.486.104.000 -3.4%
2015 1.541.019.000 3.56%
2016 1.780.184.000 13.43%
2017 1.460.318.000 -21.9%
2018 1.324.154.000 -10.28%
2019 1.522.438.000 13.02%
2020 1.827.846.000 16.71%
2021 2.354.412.000 22.37%
2022 2.492.823.000 5.55%
2023 2.697.221.000 7.58%

Harmony Electronics Co. Ltd Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
24.18
Net Income per Share
0.29
Price to Earning Ratio
108.63x
Price To Sales Ratio
1.31x
POCF Ratio
4.25
PFCF Ratio
5.53
Price to Book Ratio
0.96
EV to Sales
1.23
EV Over EBITDA
7.63
EV to Operating CashFlow
4.03
EV to FreeCashFlow
5.21
Earnings Yield
0.01
FreeCashFlow Yield
0.18
Market Cap
3,37 Bil.
Enterprise Value
3,17 Bil.
Graham Number
14.6
Graham NetNet
-4.44

Income Statement Metrics

Net Income per Share
0.29
Income Quality
10.14
ROE
0.01
Return On Assets
0.02
Return On Capital Employed
0.06
Net Income per EBT
0.69
EBT Per Ebit
0.71
Ebit per Revenue
0.09
Effective Tax Rate
0.31

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0.03
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.18
Operating Profit Margin
0.09
Pretax Profit Margin
0.07
Net Profit Margin
0.05

Dividends

Dividend Yield
0.03
Dividend Yield %
3.18
Payout Ratio
0
Dividend Per Share
1

Operating Metrics

Operating Cashflow per Share
7.41
Free CashFlow per Share
5.73
Capex to Operating CashFlow
-0.23
Capex to Revenue
-0.07
Capex to Depreciation
-0.59
Return on Invested Capital
0.01
Return on Tangible Assets
0
Days Sales Outstanding
0
Days Payables Outstanding
51.93
Days of Inventory on Hand
77.23
Receivables Turnover
0
Payables Turnover
7.03
Inventory Turnover
4.73
Capex per Share
-1.68

Balance Sheet

Cash per Share
18,75
Book Value per Share
32,74
Tangible Book Value per Share
32.82
Shareholders Equity per Share
32.74
Interest Debt per Share
16.63
Debt to Equity
0.5
Debt to Assets
0.28
Net Debt to EBITDA
-0.47
Current Ratio
2.2
Tangible Asset Value
3,48 Bil.
Net Current Asset Value
0,61 Bil.
Invested Capital
0.5
Working Capital
1,80 Bil.
Intangibles to Total Assets
0
Average Receivables
0,00 Bil.
Average Payables
0,30 Bil.
Average Inventory
502716500
Debt to Market Cap
0.51

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Harmony Electronics Co. Ltd Dividends
Year Dividends Growth
2008 2
2009 1 0%
2010 1 100%
2011 1 0%
2012 1 0%
2013 0 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 1 0%
2021 2 0%
2022 3 66.67%
2023 1 -200%

Harmony Electronics Co. Ltd Profile

About Harmony Electronics Co. Ltd

Harmony Electronics Co. Ltd manufactures and sells quartz frequency components in Taiwan and internationally. The company offers quartz crystals, crystal oscillators, microphones, and related electronic parts and products. Its products are used in mobile phones and personal computers, as well as in industrial and automotive fields. The company was incorporated in 1976 and is headquartered in Kaohsiung, Taiwan.

CEO
Mr. Yang-Jui Yang
Employee
1.091
Address
No. 39, Huadong Road
Kaohsiung, 831

Harmony Electronics Co. Ltd Executives & BODs

Harmony Electronics Co. Ltd Executives & BODs
# Name Age
1 Mei-Yun Lai
Financial Manager & Accounting Chief
70
2 Jing-Yi Gao
Audit Chief
70
3 Mr. Yang-Jui Yang
Chief Executive Officer, GM & Chairman
70
4 Ms. Yang Chin Ching
Deputy GM & Director
70

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