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Taiwan Benefit Co
Buy, Hold or Sell?

Let's analyze Taiwan Benefit Co together

I guess you are interested in Taiwan Benefit Co. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Taiwan Benefit Co. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Taiwan Benefit Co (30 sec.)










1.2. What can you expect buying and holding a share of Taiwan Benefit Co? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.00
When do you have the money?
1 year
How often do you get paid?
37.5%

What is your share worth?

Current worth
NT$15.54
Expected worth in 1 year
NT$17.34
How sure are you?
68.8%

+ What do you gain per year?

Total Gains per Share
NT$1.80
Return On Investment
5.9%

For what price can you sell your share?

Current Price per Share
NT$30.55
Expected price per share
NT$26.65 - NT$34.75
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Taiwan Benefit Co (5 min.)




Live pricePrice per Share (EOD)
NT$30.55
Intrinsic Value Per Share
NT$-34.23 - NT$-41.46
Total Value Per Share
NT$-18.69 - NT$-25.92

2.2. Growth of Taiwan Benefit Co (5 min.)




Is Taiwan Benefit Co growing?

Current yearPrevious yearGrowGrow %
How rich?$18.2m$14.9m$2.9m16.6%

How much money is Taiwan Benefit Co making?

Current yearPrevious yearGrowGrow %
Making money$141.3k-$144.5k$285.9k202.2%
Net Profit Margin-4.9%-4.5%--

How much money comes from the company's main activities?

2.3. Financial Health of Taiwan Benefit Co (5 min.)




2.4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#648 / 730

Most Revenue
#680 / 730

Most Profit
#538 / 730

Most Efficient
#606 / 730
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Taiwan Benefit Co?

Welcome investor! Taiwan Benefit Co's management wants to use your money to grow the business. In return you get a share of Taiwan Benefit Co.

First you should know what it really means to hold a share of Taiwan Benefit Co. And how you can make/lose money.

Speculation

The Price per Share of Taiwan Benefit Co is NT$30.55. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Taiwan Benefit Co.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Taiwan Benefit Co, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is NT$15.54. Based on the TTM, the Book Value Change Per Share is NT$0.45 per quarter. Based on the YOY, the Book Value Change Per Share is NT$0.43 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Taiwan Benefit Co.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 NT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per Share
Usd Eps0.020.1%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Book Value Change Per Share-0.010.0%0.010.0%0.010.0%0.030.1%0.030.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.010.0%0.010.0%0.020.1%0.030.1%0.030.1%
Usd Price Per Share0.88-0.56-0.37-0.43-0.43-
Price to Earnings Ratio14.31-0.62--25.66--3.84--3.84-
Price-to-Total Gains Ratio-71.96-63.95-25.73-15.78-15.78-
Price to Book Ratio1.83-1.19-0.95-1.05-1.05-
Price-to-Total Gains Ratio-71.96-63.95-25.73-15.78-15.78-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.943995
Number of shares1059
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.03
Usd Total Gains Per Share0.010.03
Gains per Quarter (1059 shares)14.6935.26
Gains per Year (1059 shares)58.75141.05
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10594914127131
2011810828254272
3017616742381413
4023522656509554
5029428570636695
6035334483763836
7041140397890977
8047046211110171118
9052952112511441259
10058858013912711400

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share2.02.00.050.0%4.08.00.033.3%5.011.00.031.3%5.011.00.031.3%5.011.00.031.3%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%10.06.00.062.5%10.06.00.062.5%10.06.00.062.5%
Dividend per Share0.00.04.00.0%4.00.08.033.3%6.00.010.037.5%6.00.010.037.5%6.00.010.037.5%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%11.05.00.068.8%11.05.00.068.8%11.05.00.068.8%
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3.2. Key Performance Indicators

The key performance indicators of Taiwan Benefit Co compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.3960.449-188%0.431-192%0.971-141%0.971-141%
Book Value Per Share--15.54215.272+2%12.737+22%13.091+19%13.091+19%
Current Ratio--1.1071.081+2%1.078+3%1.093+1%1.093+1%
Debt To Asset Ratio--0.5550.567-2%0.537+3%0.552+1%0.552+1%
Debt To Equity Ratio--1.2491.320-5%1.164+7%1.238+1%1.238+1%
Dividend Per Share----0%0.125-100%0.106-100%0.106-100%
Enterprise Value--345549000.000-70308325.000+120%-107062150.000+131%-92887450.000+127%-92887450.000+127%
Eps--0.4980.120+314%-0.123+125%-0.066+113%-0.066+113%
Ev To Ebitda Ratio--infnannan%3.180+inf%nannan%nannan%
Ev To Sales Ratio--0.337-0.335+200%-0.228+168%-0.223+166%-0.223+166%
Free Cash Flow Per Share---0.6620.266-349%-0.103-84%0.192-445%0.192-445%
Free Cash Flow To Equity Per Share---0.6620.266-349%-0.199-70%0.083-900%0.083-900%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---41.459--------
Intrinsic Value_10Y_min---34.232--------
Intrinsic Value_1Y_max---0.189--------
Intrinsic Value_1Y_min---0.183--------
Intrinsic Value_3Y_max---3.589--------
Intrinsic Value_3Y_min---3.366--------
Intrinsic Value_5Y_max---10.634--------
Intrinsic Value_5Y_min---9.610--------
Market Cap1162183100.000+7%1084197000.000692839925.000+56%458406100.000+137%525217362.500+106%525217362.500+106%
Net Profit Margin--0.074-0.049+167%-0.045+161%-0.046+162%-0.046+162%
Operating Margin----0%-0.0770%-0.0500%-0.0500%
Operating Ratio--1.6981.811-6%1.861-9%1.850-8%1.850-8%
Pb Ratio1.966+7%1.8341.190+54%0.947+94%1.048+75%1.048+75%
Pe Ratio15.344+7%14.3140.616+2224%-25.656+279%-3.838+127%-3.838+127%
Price Per Share30.550+7%28.50018.213+56%12.050+137%13.806+106%13.806+106%
Price To Free Cash Flow Ratio-11.539-7%-10.764-1.608-85%-2.896-73%-0.012-100%-0.012-100%
Price To Total Gains Ratio-77.139-7%-71.96363.955-213%25.728-380%15.784-556%15.784-556%
Quick Ratio--0.0640.083-23%0.156-59%0.150-57%0.150-57%
Return On Assets--0.0140.004+264%-0.004+129%-0.002+116%-0.002+116%
Return On Equity--0.0320.007+365%-0.009+129%-0.006+119%-0.006+119%
Total Gains Per Share---0.3960.449-188%0.556-171%1.078-137%1.078-137%
Usd Book Value--18269625.00017951795.325+2%14972556.375+22%15388464.581+19%15388464.581+19%
Usd Book Value Change Per Share---0.0120.014-188%0.013-192%0.030-141%0.030-141%
Usd Book Value Per Share--0.4800.472+2%0.394+22%0.405+19%0.405+19%
Usd Dividend Per Share----0%0.004-100%0.003-100%0.003-100%
Usd Enterprise Value--10677464.100-2172527.243+120%-3308220.435+131%-2870222.205+127%-2870222.205+127%
Usd Eps--0.0150.004+314%-0.004+125%-0.002+113%-0.002+113%
Usd Free Cash Flow---778062.000312746.625-349%-120996.675-84%225807.544-445%225807.544-445%
Usd Free Cash Flow Per Share---0.0200.008-349%-0.003-84%0.006-445%0.006-445%
Usd Free Cash Flow To Equity Per Share---0.0200.008-349%-0.006-70%0.003-900%0.003-900%
Usd Market Cap35911457.790+7%33501687.30021408753.683+56%14164748.490+137%16229216.501+106%16229216.501+106%
Usd Price Per Share0.944+7%0.8810.563+56%0.372+137%0.427+106%0.427+106%
Usd Profit--585122.400141382.950+314%-144542.475+125%-77970.356+113%-77970.356+113%
Usd Revenue--7925695.5005325244.200+49%4385536.575+81%4974200.888+59%4974200.888+59%
Usd Total Gains Per Share---0.0120.014-188%0.017-171%0.033-137%0.033-137%
 EOD+4 -4MRQTTM+21 -14YOY+20 -185Y+19 -1810Y+19 -18

3.3 Fundamental Score

Let's check the fundamental score of Taiwan Benefit Co based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.344
Price to Book Ratio (EOD)Between0-11.966
Net Profit Margin (MRQ)Greater than00.074
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.064
Current Ratio (MRQ)Greater than11.107
Debt to Asset Ratio (MRQ)Less than10.555
Debt to Equity Ratio (MRQ)Less than11.249
Return on Equity (MRQ)Greater than0.150.032
Return on Assets (MRQ)Greater than0.050.014
Total3/10 (30.0%)

3.4 Technical Score

Let's check the technical score of Taiwan Benefit Co based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.326
Ma 20Greater thanMa 5031.573
Ma 50Greater thanMa 10033.549
Ma 100Greater thanMa 20036.889
OpenGreater thanClose30.900
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Taiwan Benefit Co

Taiwan Benefit Company engages in the equipment manufacturing, production system engineering, and agency businesses in Taiwan, Europe, the United States, and Japan. The company offers a range of food and beverage processing facilities, and packaging machineries comprising rinser/filler/capper monobloc, tunnel cooler/warmer, wrapping around packer, palletizers/depalletizers, conveyor introduction, bag cutting system, labelling machine, sleeve labelling machine, tea extraction, CIP system, and pasteurize system. It also provides a range of technical services, such as engineering design, installation, equipment supply, and turnkey projects services. In addition, the company trades in chemical process equipment; plants and raw materials; and solid and liquid food processing with packaging equipment and raw materials; and provides test running of production machinery system, as well as after-sales technical service. Taiwan Benefit Company was founded in 1981 and is headquartered in Taipei, Taiwan.

Fundamental data was last updated by Penke on 2024-11-23 18:16:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Taiwan Benefit Co earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 7.4% means that NT$0.07 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Taiwan Benefit Co:

  • The MRQ is 7.4%. The company is making a profit. +1
  • The TTM is -4.9%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ7.4%TTM-4.9%+12.3%
TTM-4.9%YOY-4.5%-0.4%
TTM-4.9%5Y-4.6%-0.3%
5Y-4.6%10Y-4.6%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ7.4%5.6%+1.8%
TTM-4.9%5.1%-10.0%
YOY-4.5%5.3%-9.8%
5Y-4.6%4.7%-9.3%
10Y-4.6%4.8%-9.4%
4.3.1.2. Return on Assets

Shows how efficient Taiwan Benefit Co is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • 1.4% Return on Assets means that Taiwan Benefit Co generated NT$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Taiwan Benefit Co:

  • The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.4%TTM0.4%+1.0%
TTM0.4%YOY-0.4%+0.8%
TTM0.4%5Y-0.2%+0.6%
5Y-0.2%10Y-0.2%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4%1.0%+0.4%
TTM0.4%1.0%-0.6%
YOY-0.4%1.1%-1.5%
5Y-0.2%1.0%-1.2%
10Y-0.2%1.1%-1.3%
4.3.1.3. Return on Equity

Shows how efficient Taiwan Benefit Co is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • 3.2% Return on Equity means Taiwan Benefit Co generated NT$0.03 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Taiwan Benefit Co:

  • The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.2%TTM0.7%+2.5%
TTM0.7%YOY-0.9%+1.6%
TTM0.7%5Y-0.6%+1.3%
5Y-0.6%10Y-0.6%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%2.4%+0.8%
TTM0.7%2.1%-1.4%
YOY-0.9%2.2%-3.1%
5Y-0.6%1.9%-2.5%
10Y-0.6%2.2%-2.8%
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4.3.2. Operating Efficiency of Taiwan Benefit Co.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Taiwan Benefit Co is operating .

  • Measures how much profit Taiwan Benefit Co makes for each NT$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Taiwan Benefit Co:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-7.7%+7.7%
TTM-5Y-5.0%+5.0%
5Y-5.0%10Y-5.0%0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.2%-9.2%
TTM-6.8%-6.8%
YOY-7.7%6.1%-13.8%
5Y-5.0%5.7%-10.7%
10Y-5.0%5.3%-10.3%
4.3.2.2. Operating Ratio

Measures how efficient Taiwan Benefit Co is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 1.70 means that the operating costs are NT$1.70 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Taiwan Benefit Co:

  • The MRQ is 1.698. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.811. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.698TTM1.811-0.113
TTM1.811YOY1.861-0.050
TTM1.8115Y1.850-0.039
5Y1.85010Y1.8500.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6981.445+0.253
TTM1.8111.366+0.445
YOY1.8611.343+0.518
5Y1.8501.357+0.493
10Y1.8501.197+0.653
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4.4.3. Liquidity of Taiwan Benefit Co.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Taiwan Benefit Co is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 1.11 means the company has NT$1.11 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Taiwan Benefit Co:

  • The MRQ is 1.107. The company is just able to pay all its short-term debts.
  • The TTM is 1.081. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.107TTM1.081+0.025
TTM1.081YOY1.078+0.003
TTM1.0815Y1.093-0.012
5Y1.09310Y1.0930.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1071.695-0.588
TTM1.0811.701-0.620
YOY1.0781.686-0.608
5Y1.0931.721-0.628
10Y1.0931.654-0.561
4.4.3.2. Quick Ratio

Measures if Taiwan Benefit Co is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 0.06 means the company can pay off NT$0.06 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Taiwan Benefit Co:

  • The MRQ is 0.064. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.083. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.064TTM0.083-0.019
TTM0.083YOY0.156-0.073
TTM0.0835Y0.150-0.067
5Y0.15010Y0.1500.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0640.736-0.672
TTM0.0830.813-0.730
YOY0.1560.884-0.728
5Y0.1500.959-0.809
10Y0.1500.970-0.820
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4.5.4. Solvency of Taiwan Benefit Co.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Taiwan Benefit Co assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Taiwan Benefit Co to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.56 means that Taiwan Benefit Co assets are financed with 55.5% credit (debt) and the remaining percentage (100% - 55.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Taiwan Benefit Co:

  • The MRQ is 0.555. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.567. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.555TTM0.567-0.012
TTM0.567YOY0.537+0.030
TTM0.5675Y0.552+0.015
5Y0.55210Y0.5520.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5550.490+0.065
TTM0.5670.491+0.076
YOY0.5370.506+0.031
5Y0.5520.502+0.050
10Y0.5520.495+0.057
4.5.4.2. Debt to Equity Ratio

Measures if Taiwan Benefit Co is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 124.9% means that company has NT$1.25 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Taiwan Benefit Co:

  • The MRQ is 1.249. The company is able to pay all its debts with equity. +1
  • The TTM is 1.320. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.249TTM1.320-0.071
TTM1.320YOY1.164+0.156
TTM1.3205Y1.238+0.082
5Y1.23810Y1.2380.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2490.960+0.289
TTM1.3200.959+0.361
YOY1.1641.038+0.126
5Y1.2381.075+0.163
10Y1.2381.049+0.189
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Taiwan Benefit Co generates.

  • Above 15 is considered overpriced but always compare Taiwan Benefit Co to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 14.31 means the investor is paying NT$14.31 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Taiwan Benefit Co:

  • The EOD is 15.344. Based on the earnings, the company is fair priced.
  • The MRQ is 14.314. Based on the earnings, the company is underpriced. +1
  • The TTM is 0.616. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD15.344MRQ14.314+1.030
MRQ14.314TTM0.616+13.698
TTM0.616YOY-25.656+26.272
TTM0.6165Y-3.838+4.454
5Y-3.83810Y-3.8380.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD15.34419.292-3.948
MRQ14.31417.860-3.546
TTM0.61618.989-18.373
YOY-25.65618.365-44.021
5Y-3.83821.761-25.599
10Y-3.83827.709-31.547
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Taiwan Benefit Co:

  • The EOD is -11.539. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -10.764. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.608. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-11.539MRQ-10.764-0.774
MRQ-10.764TTM-1.608-9.157
TTM-1.608YOY-2.896+1.288
TTM-1.6085Y-0.012-1.596
5Y-0.01210Y-0.0120.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-11.5396.529-18.068
MRQ-10.7646.304-17.068
TTM-1.6082.944-4.552
YOY-2.8961.789-4.685
5Y-0.0121.548-1.560
10Y-0.0121.243-1.255
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Taiwan Benefit Co is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of 1.83 means the investor is paying NT$1.83 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Taiwan Benefit Co:

  • The EOD is 1.966. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.834. Based on the equity, the company is underpriced. +1
  • The TTM is 1.190. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.966MRQ1.834+0.132
MRQ1.834TTM1.190+0.644
TTM1.190YOY0.947+0.243
TTM1.1905Y1.048+0.143
5Y1.04810Y1.0480.000
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD1.9662.297-0.331
MRQ1.8342.022-0.188
TTM1.1902.138-0.948
YOY0.9472.216-1.269
5Y1.0482.472-1.424
10Y1.0482.889-1.841
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in TWD. All numbers in thousands.

Summary
Total Assets1,329,898
Total Liabilities738,648
Total Stockholder Equity591,250
 As reported
Total Liabilities 738,648
Total Stockholder Equity+ 591,250
Total Assets = 1,329,898

Assets

Total Assets1,329,898
Total Current Assets798,620
Long-term Assets531,278
Total Current Assets
Cash And Cash Equivalents 203,963
Net Receivables 46,360
Inventory 168,810
Other Current Assets 1,261
Total Current Assets  (as reported)798,620
Total Current Assets  (calculated)420,394
+/- 378,226
Long-term Assets
Property Plant Equipment 216,357
Long-term Assets Other 2,440
Long-term Assets  (as reported)531,278
Long-term Assets  (calculated)218,797
+/- 312,481

Liabilities & Shareholders' Equity

Total Current Liabilities721,688
Long-term Liabilities16,960
Total Stockholder Equity591,250
Total Current Liabilities
Short Long Term Debt 34,584
Accounts payable 15,412
Other Current Liabilities 5,805
Total Current Liabilities  (as reported)721,688
Total Current Liabilities  (calculated)55,801
+/- 665,887
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt13,969
Long-term Liabilities Other 4,235
Long-term Liabilities  (as reported)16,960
Long-term Liabilities  (calculated)18,204
+/- 1,244
Total Stockholder Equity
Retained Earnings 10,931
Total Stockholder Equity (as reported)591,250
Total Stockholder Equity (calculated)10,931
+/- 580,319
Other
Capital Stock380,417
Common Stock Shares Outstanding 38,042
Net Invested Capital 625,834
Net Working Capital 76,932
Property Plant and Equipment Gross 216,357



6.2. Balance Sheets Structured

Currency in TWD. All numbers in thousands.

 Trend2024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
1,110,585
1,073,346
1,116,175
980,873
963,326
950,702
1,082,249
1,004,040
1,012,287
939,664
1,077,999
1,170,118
1,328,787
1,282,376
1,435,389
1,329,898
1,329,8981,435,3891,282,3761,328,7871,170,1181,077,999939,6641,012,2871,004,0401,082,249950,702963,326980,8731,116,1751,073,3461,110,585
   > Total Current Assets 
687,623
653,539
694,055
567,881
553,638
539,606
657,210
583,335
585,626
514,192
614,519
670,666
815,892
748,266
866,957
798,620
798,620866,957748,266815,892670,666614,519514,192585,626583,335657,210539,606553,638567,881694,055653,539687,623
       Cash And Cash Equivalents 
79,542
107,797
139,315
141,798
124,182
183,912
164,908
156,955
136,462
124,297
147,666
114,749
164,134
143,233
235,619
203,963
203,963235,619143,233164,134114,749147,666124,297136,462156,955164,908183,912124,182141,798139,315107,79779,542
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
9,000
9,025
9,049
9,074
0
0
009,0749,0499,0259,0000000000000
       Net Receivables 
110,344
121,239
174,447
83,397
98,362
78,759
73,737
72,073
90,777
85,204
65,242
83,163
78,014
79,746
20,022
46,360
46,36020,02279,74678,01483,16365,24285,20490,77772,07373,73778,75998,36283,397174,447121,239110,344
       Inventory 
130,468
414,712
370,603
331,224
321,483
269,757
377,513
344,878
349,891
298,345
125,856
455,221
148,712
131,268
164,671
168,810
168,810164,671131,268148,712455,221125,856298,345349,891344,878377,513269,757321,483331,224370,603414,712130,468
       Other Current Assets 
365,814
4,630
1,347
1,065
1,014
1,240
5,395
2,358
2,153
155
2,755
2,309
643
145
1,112
1,261
1,2611,1121456432,3092,7551552,1532,3585,3951,2401,0141,0651,3474,630365,814
   > Long-term Assets 
422,962
419,807
422,120
412,992
409,688
411,096
425,039
420,705
426,661
425,472
463,480
499,452
512,895
534,110
568,432
531,278
531,278568,432534,110512,895499,452463,480425,472426,661420,705425,039411,096409,688412,992422,120419,807422,962
       Property Plant Equipment 
353,883
351,829
354,131
219,142
216,156
214,556
217,143
212,265
219,882
215,763
213,810
206,827
209,582
208,457
217,303
216,357
216,357217,303208,457209,582206,827213,810215,763219,882212,265217,143214,556216,156219,142354,131351,829353,883
       Other Assets 
29,650
30,386
26,107
155,637
154,596
152,257
153,268
150,832
151,815
150,369
149,277
145,068
0
0
0
0
0000145,068149,277150,369151,815150,832153,268152,257154,596155,63726,10730,38629,650
> Total Liabilities 
629,991
605,467
648,358
528,046
532,051
479,124
605,480
546,694
551,856
476,472
586,373
647,172
803,392
681,480
829,073
738,648
738,648829,073681,480803,392647,172586,373476,472551,856546,694605,480479,124532,051528,046648,358605,467629,991
   > Total Current Liabilities 
613,388
590,704
629,647
511,203
516,520
469,187
596,522
538,869
537,568
465,428
576,200
637,891
794,710
667,145
810,224
721,688
721,688810,224667,145794,710637,891576,200465,428537,568538,869596,522469,187516,520511,203629,647590,704613,388
       Short Long Term Debt 
16,294
44,993
51,091
57,829
77,901
54,296
30,176
35,972
51,308
56,248
20,579
31,736
98,103
33,073
33,404
34,584
34,58433,40433,07398,10331,73620,57956,24851,30835,97230,17654,29677,90157,82951,09144,99316,294
       Accounts payable 
61,230
82,940
82,659
91,086
71,394
71,849
48,175
60,904
60,935
57,322
52,976
76,663
50,880
15,920
10,541
15,412
15,41210,54115,92050,88076,66352,97657,32260,93560,90448,17571,84971,39491,08682,65982,94061,230
       Other Current Liabilities 
537,736
471,647
516,765
388,934
387,573
367,871
532,815
459,497
446,119
362,585
509,266
542,847
6,480
5,089
5,696
5,805
5,8055,6965,0896,480542,847509,266362,585446,119459,497532,815367,871387,573388,934516,765471,647537,736
   > Long-term Liabilities 
16,603
14,763
18,711
16,843
15,531
9,937
8,958
7,825
14,288
11,044
10,173
9,281
8,682
14,335
18,849
16,960
16,96018,84914,3358,6829,28110,17311,04414,2887,8258,9589,93715,53116,84318,71114,76316,603
       Other Liabilities 
13,961
12,643
12,482
12,131
11,876
7,111
6,835
6,406
5,977
3,903
3,494
3,066
0
0
0
0
00003,0663,4943,9035,9776,4066,8357,11111,87612,13112,48212,64313,961
> Total Stockholder Equity
480,594
467,879
467,817
452,827
431,275
471,578
476,769
457,346
460,431
463,192
491,626
522,946
525,395
600,896
606,316
591,250
591,250606,316600,896525,395522,946491,626463,192460,431457,346476,769471,578431,275452,827467,817467,879480,594
   Common Stock
380,417
380,417
380,417
380,417
380,417
380,417
380,417
380,417
380,417
380,417
380,417
380,417
0
0
0
0
0000380,417380,417380,417380,417380,417380,417380,417380,417380,417380,417380,417380,417
   Retained Earnings 
49,655
32,020
33,177
24,625
3,018
35,745
20,911
2,224
6,426
7,271
-6,972
-14,579
-37,877
19,478
-6,057
10,931
10,931-6,05719,478-37,877-14,579-6,9727,2716,4262,22420,91135,7453,01824,62533,17732,02049,655
   Accumulated Other Comprehensive Income 0000000000000000
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000



6.3. Balance Sheets

Currency in TWD. All numbers in thousands.




6.4. Cash Flows

Currency in TWD. All numbers in thousands.




6.5. Income Statements

Currency in TWD. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in TWD. All numbers in thousands.

Gross Profit (+$)
totalRevenue601,387
Cost of Revenue-467,474
Gross Profit133,913133,913
 
Operating Income (+$)
Gross Profit133,913
Operating Expense-625,350
Operating Income-23,963-491,437
 
Operating Expense (+$)
Research Development0
Selling General Administrative157,876
Selling And Marketing Expenses0
Operating Expense625,350157,876
 
Net Interest Income (+$)
Interest Income1,347
Interest Expense-1,235
Other Finance Cost-0
Net Interest Income112
 
Pretax Income (+$)
Operating Income-23,963
Net Interest Income112
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-4,567-23,963
EBIT - interestExpense = -1,235
-4,557
-3,322
Interest Expense1,235
Earnings Before Interest and Taxes (EBIT)0-3,332
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax-4,567
Tax Provision--10
Net Income From Continuing Ops-4,557-4,557
Net Income-4,557
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-112
 

Technical Analysis of Taiwan Benefit Co
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Taiwan Benefit Co. The general trend of Taiwan Benefit Co is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Taiwan Benefit Co's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Taiwan Benefit Co.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 30.70 < 34.00 < 34.75.

The bearish price targets are: 30.35 > 30.00 > 26.65.

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Taiwan Benefit Co Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Taiwan Benefit Co. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Taiwan Benefit Co Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Taiwan Benefit Co. The current macd is -0.76051555.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Taiwan Benefit Co price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Taiwan Benefit Co. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Taiwan Benefit Co price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Taiwan Benefit Co Daily Moving Average Convergence/Divergence (MACD) ChartTaiwan Benefit Co Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Taiwan Benefit Co. The current adx is 10.70.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Taiwan Benefit Co shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Taiwan Benefit Co Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Taiwan Benefit Co. The current sar is 33.82.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Taiwan Benefit Co Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Taiwan Benefit Co. The current rsi is 36.33. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Taiwan Benefit Co Daily Relative Strength Index (RSI) ChartTaiwan Benefit Co Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Taiwan Benefit Co. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Taiwan Benefit Co price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Taiwan Benefit Co Daily Stochastic Oscillator ChartTaiwan Benefit Co Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Taiwan Benefit Co. The current cci is -104.01669275.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Taiwan Benefit Co Daily Commodity Channel Index (CCI) ChartTaiwan Benefit Co Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Taiwan Benefit Co. The current cmo is -33.04280858.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Taiwan Benefit Co Daily Chande Momentum Oscillator (CMO) ChartTaiwan Benefit Co Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Taiwan Benefit Co. The current willr is -97.18309859.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Taiwan Benefit Co Daily Williams %R ChartTaiwan Benefit Co Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Taiwan Benefit Co.

Taiwan Benefit Co Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Taiwan Benefit Co. The current atr is 1.0618854.

Taiwan Benefit Co Daily Average True Range (ATR) ChartTaiwan Benefit Co Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Taiwan Benefit Co. The current obv is 58,628,267.

Taiwan Benefit Co Daily On-Balance Volume (OBV) ChartTaiwan Benefit Co Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Taiwan Benefit Co. The current mfi is 65.47.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Taiwan Benefit Co Daily Money Flow Index (MFI) ChartTaiwan Benefit Co Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Taiwan Benefit Co.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-07-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-08-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-08-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-08-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-08-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-09-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-01MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-10-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-10-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-10-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-16STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-17MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-10-18STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-10-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-10-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-06MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-11-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-11-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-11-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-11-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-11-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-11-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-11-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-12-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-12-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-12-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-12-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Taiwan Benefit Co Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Taiwan Benefit Co based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.326
Ma 20Greater thanMa 5031.573
Ma 50Greater thanMa 10033.549
Ma 100Greater thanMa 20036.889
OpenGreater thanClose30.900
Total2/5 (40.0%)
Penke
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