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2420.TW TWSE Electrical Components & Equipment

Zippy Technology Corp

$59,30
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Mcap
P/E
EV / Rev
Div yield
5,88 %
Op margin
28,7 %
ROE
4,6 %
Net margin
29,6 %
Debt / equity
0,31
Beta
52w range
Volume
Day range
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About

Zippy Technology Corp is a manufacturer of electrical components and equipment, primarily serving the industrial goods sector.

Business. Zippy Technology Corp (2420.TW) is an industrial goods company engaged in the design, manufacture, and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.

Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryElectrical Components & Equipment
ActivityIndustrial Goods
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
4,6 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2420.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2420.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Zippy Technology Corp (2420.TW) is an industrial goods company engaged in the design, manufacture, and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.

    Classification92 %
    SectorIndustrials
    Business sectorIndustrial Goods
    IndustryElectrical Components & Equipment
    ActivityIndustrial Goods
    AI synthesis
    GENERATED

    Zippy Technology Corp maintains a conservative capital structure with a debt-to-equity ratio of 0.31, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 2.25, suggesting it can cover its short-term obligations but with limited excess capacity. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

    In terms of profitability, Zippy Technology Corp reports a return on equity (ROE) of 4.64% and a return on assets (ROA) of 2.9%. These figures are below the industry median for ROE and ROA in the electrical components and equipment sector, indicating that the company is underperforming relative to its peers in generating returns for shareholders and asset utilization.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial filings. This lack of segment or geographic diversification increases exposure to sector-specific and regional economic risks.

    Zippy Technology Corp's growth trajectory appears modest, with no significant revenue growth reported in the latest financial period. The company's capital expenditure of -13.56 million TWD suggests a reduction in investment in physical assets, which may signal a strategic shift or a response to market conditions. The absence of a clear growth strategy or expansion plans in recent filings raises questions about the company's long-term growth potential.

    The company's risk profile is marked by a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt is a key liquidity flag, but the absence of recent equity issuance or convertible debt suggests that dilution is not an immediate concern. No material risk factors were disclosed in the latest 10-K equivalent filing, and the company has not issued any new shares in the past 12 months.

    Recent events include the absence of material regulatory or legal proceedings, and no significant changes in management or strategic direction were disclosed in the latest quarterly filings. The company has not issued any new debt or equity in the past 12 months, and there are no indications of a pending merger or acquisition.

    Key takeaways
    • Zippy Technology Corp has a conservative capital structure with a debt-to-equity ratio of 0.31, but its net cash position is negative after subtracting total debt.
    • The company's ROE of 4.64% and ROA of 2.9% are below the industry median, indicating underperformance in profitability and asset utilization.
    • Revenue is concentrated in a single business segment, with no geographic diversification disclosed, increasing exposure to sector-specific and regional risks.
    • The company's capital expenditure is negative, suggesting a reduction in investment in physical assets, and no clear growth strategy is evident in recent filings.
    • Liquidity risk is medium, and dilution risk is low, with no recent equity issuance or convertible debt disclosed.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 2

    With a cash conversion ratio of 2.09, Zippy Technology performs above the 75th percentile of its cohort, indicating strong cash generation efficiency.

    Operating income grew 2.4% year-over-year to TWD 636.4 million, showing resilience in core profitability despite a slight revenue decline.

    BEAR CASE · 3

    Revenue contracted 4.9% annually over the last four years, indicating a persistent long-term decline in top-line growth momentum.

    The debt-to-equity ratio of 0.31 is below the cohort median of 0.24, indicating higher relative leverage compared to peers.

    Medium liquidity risk flags suggest potential challenges in meeting short-term obligations, warranting caution regarding the company's financial flexibility.

    In focus — financials by report

    Quarterly
    QUARTERLYFiled 2023-11-08
    Q3 2023 · Quarter highlights

    Revenue TWD 543.8M; Operating income TWD 144.0M.

    RevenueTWD 543.8M
    Operating incomeTWD 144.0M
    Net incomeTWD 153.7M
    Free cash flowTWD 154.6M
    EPS
    Operating cash flowTWD 170.2M
    Financials
    Income statement
    RevenueTWD 543.8M
    Gross profitTWD 240.6M
    Operating incomeTWD 144.0M
    Net incomeTWD 153.7M
    Margins
    Gross margin44.2%
    Operating margin26.5%
    Net margin28.3%
    FCF margin28.4%
    Balance sheet
    Total assetsTWD 5.80B
    Total liabilitiesTWD 1.71B
    Total equityTWD 4.09B
    Cash & equivalentsTWD 795.4M
    Long-term debtTWD 1.07B
    Cash flow
    Operating cash flowTWD 170.2M
    CapEx-TWD 18.1M
    Free cash flowTWD 154.6M
    SBC
    P&L flow · revenue → net income
    Revenue TWD 543.8MOperating costs TWD 399.8MNet income TWD 153.7M
    Highlights
    • Revenue TWD 543.8M
    • Operating income TWD 144.0M
    • Net margin 28.3%

    Valuation FY

    Market price
    $59,30
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $3.60B
    Net cash
    -$308.6M
    Current ratio
    2.2
    Debt / equity
    0.3
    ROA
    2.9%
    ROE
    4.6%
    Cash conversion
    209.0%
    CapEx / revenue
    -2.4%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin28,7 %Best in class
    Net Margin29,6 %Best in class
    ROE4,6 %Above median
    Capex / Rev-2,4 %Above median
    D/E0,31Below median
    Cash Conv2,09Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Zippy Technology Corp Market data — financials · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2420.TWCanonical
    TWSE · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2023-11-08 13:29 UTCEARNINGSQuarterly results — Q3 2023 Revenue TWD 543.8M · Net TWD 153.7M
    2023-08-10 14:28 UTCEARNINGSQuarterly results — Q2 2023 Revenue TWD 531.3M · Net TWD 145.9M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage