Business
Designs, manufactures and markets
high precision parts and tools used in process-critical
applications for the wafer-fabrication and assembly
processes of the semiconductor industry.
Quarter Q1 ~ Q3 2020
Income statement
In Q3, other income increase 281% due to government subsidy and exchange gain.
Renenue for
2017 Q1 to Q3 = 41.8mil
2018 Q1 to Q3 = 49.4mil
2019 Q1 to Q3 = 46.4mil
2020 Q1 to Q3 = 47.8mil
Balance Sheet
In YTD 2020, receiveables equals to 12mil, 12mil/ 47mil = 26%. Need to take note of this.
Share capital 14mil and accumulated profit is 39mil, is a good sign. Meaning that company keep earning money.
Cash flow
Generous company, CFFO 12Mil and giving out 15mil as dividend. No worries, this company still cash rich.
Final thought
Pros
1) Is a cash rich company
2) Pay dividend company, net profit margin > 15% and ROE >20%
3) 5G and AI is future - more and more precise chip needed and tooling is required to do this.
Cons
1) Electronic company is very fluctuate
Assume EPS for year 2020 - 8.00 cents
Price = 1.85/0.08 = 23
Seems like this P/E is abit high.
