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Polytronics Technology Corp. (6224.TW)

TWD64.50 -0.60 (-0.92%)
TW TAI Industrials Electrical Equipment & Parts
Address No. 24-1 Industry East Road IV 300
Hsinchu City, TW
CEO Edward Chu
IPO 2009-09-17
ISIN TW0006224009

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Description

Polytronics Technology Corp., established in Hsinchu City, Taiwan, in 1997, specializes in the development, manufacturing, and global distribution of advanced circuit protection and thermal management solutions tailored for high-density electronic systems. Their comprehensive product portfolio includes their branded EVERFUSE polymeric positive temperature coefficient (PPTC) devices. These are available in various forms: Surface-mount devices are designed for a multitude of applications such as personal computers, portable electronic gadgets, gaming consoles, telecommunication and broadband equipment, mobile phones, industrial control systems, battery packs, and multimedia products. Radial-leaded devices serve sectors including AC/DC power adapters, general power supply units, USB hubs and accessories, computer peripherals, medical instruments, industrial controls, and automotive as well as motor protection systems. Dedicated battery protection devices are specifically engineered for mobile phones, laptops, netbooks, personal digital assistants (PDAs), portable multimedia players, MP3 players, and game consoles. Beyond PPTC offerings, Polytronics also provides: Telecommunications protection products compatible with xDSL, VoIP, MDF modules, Ethernet, analog and digital telecom line cards, modems, telephones, and facsimile machines. Current limiting modules crucial for notebooks, cellular phones, ultrabooks, tablet PCs, cordless vacuum cleaners, E-bikes, self-balancing scooters, energy storage systems, and automotive applications. A broad array of discrete circuit protection components, including surface mount fuses, transient voltage suppressor (TVS) diodes, thyristor surge suppressor devices, electrostatic discharge (ESD) protectors, metal oxide varistors (MOVs), gas discharge tubes (GDTs), and various overvoltage protection elements, alongside related semi-finished goods, modules, and dies. In the realm of thermal management, the company offers: Thermal conductive boards for automotive lighting, power modules, solar cells, IC packaging, and LED applications. Thermal setable pads, thermal dissipation coating materials, thermal conductive inks, and heat dispersing materials to manage heat effectively. Additionally, Polytronics produces LED lightings and modules. The company maintains a significant operational presence across Taiwan, China, the United States, and other international markets.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
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Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD64.50 -0.60 (-0.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.58
Float Shares
59.91M
Free Float %
70.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.23% -13.29% +56.74% +76.68% +60.60% +74.42% +65.56% +27.55% -28.57% +34.80% +72.69%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
64.50
DCF (Unlevered) 134.31 +108.2%
DCF (Levered) 312.98 +385.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.48
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    -2.5% Q1'26: -0.5% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    -69.2% Q1'26: +48.8% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +2.4% Q1'26: -3.9% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +0.2% Q1'26: +41.3% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +0.2% Q1'26: +43.6% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    -110.3% Q1'26: -9.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    4.26× Q1'26: 0.80× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.48) × ERP
WACC = -311% × Ke + 411% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 139.17 Current price: 64.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Revenue
1.67B
est: 1.72B (-2.9%)
1.66B
est: 1.72B (-4.0%)
1.67B
est: 1.70B (-1.6%)
1.66B
est: 1.66B (+0.0%)
1.77B
est: 1.77B (+0.0%)
3.08B
est: 3.15B (-2.2%)
2.94B
est: 3.34B (-11.9%)
2.79B
est: 2.80B (-0.1%)
2.93B
est: 2.94B (-0.3%)
EBITDA
629.23M
est: 315.53M (+99.4%)
561.32M
est: 315.53M (+77.9%)
528.22M
est: 310.22M (+70.3%)
579.47M
est: 302.90M (+91.3%)
586.29M
est: 323.40M (+81.3%)
751.02M
est: 576.52M (+30.3%)
224.87M
est: 611.47M (-63.2%)
302.35M
est: 511.73M (-40.9%)
453.47M
est: 387.79M (+16.9%)
EBIT
552.97M
est: 191.72M (+188.4%)
472.60M
est: 191.72M (+146.5%)
434.99M
est: 188.50M (+130.8%)
466.66M
est: 184.05M (+153.6%)
487.50M
est: 196.50M (+148.1%)
583.90M
est: 350.30M (+66.7%)
-15.72M
est: 371.54M (-104.2%)
60.36M
est: 310.94M (-80.6%)
224.43M
est: 166.56M (+34.7%)
Net Income
466.53M
est: 493.15M (-5.4%)
405.28M
est: 493.15M (-17.8%)
350.04M
est: 401.01M (-12.7%)
368.07M
est: 402.77M (-8.6%)
400.64M
est: 441.08M (-9.2%)
510.05M
est: 544.45M (-6.3%)
89.94M
est: 400.09M (-77.5%)
106.35M
est: -40.99M (+359.5%)
190.95M
est: -643.9K (+29,753.1%)
SGA
237.08M
est: 301.47M (-21.4%)
244.08M
est: 301.47M (-19.0%)
262.41M
est: 296.40M (-11.5%)
273.62M
est: 289.40M (-5.5%)
292.73M
est: 308.99M (-5.3%)
456.10M
est: 550.83M (-17.2%)
518.10M
est: 584.23M (-11.3%)
530.39M
est: 488.92M (+8.5%)
569.80M
est: 533.79M (+6.7%)
EPS
5.74
est: 5.53 (+3.7%)
4.99
est: 5.53 (-9.8%)
4.31
est: 4.50 (-4.2%)
4.53
est: 4.52 (+0.2%)
4.93
est: 4.95 (-0.4%)
6.02
est: 6.11 (-1.5%)
1.05
est: 4.49 (-76.6%)
1.24
est: -0.46 (+369.6%)
2.23
est: 0.07 (+3,085.7%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-05-07 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-05-06 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-05-05 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-05-04 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-30 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-29 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-28 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-27 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-24 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-23 C+ 2/5 3/5 2/5 3/5 1/5 1/5 3/5
2026-04-22 C+ 2/5 3/5 2/5 3/5 1/5 1/5 3/5
2026-04-21 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-20 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-17 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5
2026-04-16 B- 2/5 3/5 2/5 3/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
136.66M
OE per share TTM
1.85
Owner's Yield
2.23%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
47.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 8 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.5K
Shares Outstanding
84.65M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Edward Chu Chief Executive Officer & Chairman 13M male
David Wang President 6M male
Dennis Deputy GM & Director 5M male
Jong Wang Vice President & General Counsel 5M male
Tony Yu Chief Operating Officer 2M male
Glory Lu Managing Director 2M male
Enoch Chen Managing Director 2M male
Oscar Yang Managing Director 2M male
Simmon Sha Managing Director 2M male
Carol Chiu Chief Financial Officer & Chief Accounting Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits