Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Shun On Electronic Co., Ltd., established in Taipei, Taiwan, in 1996, is a prominent manufacturer and international supplier primarily engaged in the production and distribution of computer components. The company's diverse portfolio includes specialized membranes vital for various applications such as computers, communication devices, consumer electronics, and a range of peripheral products including keyboards, mice, graphics tablets, phones, dome switches, and industrial equipment. Shun On also produces panels featuring dome switches, which are integrated into electronic products, household appliances, communication systems, medical devices, test equipment, automatic machines, audio products, and computer peripherals. Expanding into the automotive sector, the company offers advanced electronics like camera modules, 3D around-view monitor systems, autonomous driving solutions, and collision warning systems. Furthermore, its automotive engineering division provides both metallic and composite materials. Metallic offerings include hydroformings, magnesium and aluminum alloy castings and forgings, high-tensile steel and aluminum plate stampings, hot stampings, and various dies. Composite materials encompass double and high-gloss injection products, other plastic materials, and carbon fiber reinforced polymers. Beyond hardware, Shun On contributes to intelligent manufacturing with a suite of artificial intelligence products and services. These include intelligent production line solutions, in-mold temperature and pressure sensing techniques, assembly lines, checking and jig fixtures, automation machinery, and environmental engineering solutions. The company serves customers both within Taiwan and across global markets.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is 'expensive' on EV/EBITDA, ove