Declared Dividend • Jun 15
Dividend increased to NT$2.75 Dividend of NT$2.75 is 7.8% higher than last year. Ex-date: 20th July 2026 Payment date: 10th August 2026 Dividend yield will be 6.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (90.2% earnings payout ratio). However, it is covered by cash flows (78% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share declined by 25% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.77 (vs NT$0.96 in 1Q 2025) First quarter 2026 results: EPS: NT$0.77 (down from NT$0.96 in 1Q 2025). Revenue: NT$280.0m (down 8.4% from 1Q 2025). Net income: NT$51.0m (down 21% from 1Q 2025). Profit margin: 18% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Anuncio • Mar 09
Transart Graphics Co., Ltd., Annual General Meeting, Jun 12, 2026 Transart Graphics Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,6, kung yeh ou rd., hsi tun district, taichung city Taiwan Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: NT$3.25 (vs NT$3.01 in FY 2024) Full year 2025 results: EPS: NT$3.25 (up from NT$3.01 in FY 2024). Revenue: NT$1.18b (up 4.9% from FY 2024). Net income: NT$216.3m (up 7.8% from FY 2024). Profit margin: 18% (in line with FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.98 (vs NT$0.82 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.98 (up from NT$0.82 in 3Q 2024). Revenue: NT$305.6m (up 3.5% from 3Q 2024). Net income: NT$65.2m (up 20% from 3Q 2024). Profit margin: 21% (up from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.78 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.48 (down from NT$0.78 in 2Q 2024). Revenue: NT$276.0m (flat on 2Q 2024). Net income: NT$31.7m (down 39% from 2Q 2024). Profit margin: 12% (down from 19% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to NT$44.30. The fair value is estimated to be NT$55.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 33%. Buy Or Sell Opportunity • Jul 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to NT$43.30. The fair value is estimated to be NT$55.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 33%. Declared Dividend • Jun 25
Dividend increased to NT$2.55 Dividend of NT$2.55 is 27% higher than last year. Ex-date: 7th July 2025 Payment date: 8th August 2025 Dividend yield will be 5.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.97b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.97b market cap, or US$99.5m). Anuncio • Jun 21
Transart Graphics Co., Ltd. Announces Cash Dividend, Payable on August 8, 2025 Transart Graphics Co., Ltd. announced Total cash dividends of TWD 169,834,758 (TWD 2.55 per share). Ex-rights (ex-dividend) trading date:2025/07/07. Ex-rights (ex-dividend) record date:2025/07/13. Payment date of common stock cash dividend distribution:2025/08/08. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$0.97 (vs NT$0.57 in 1Q 2024) First quarter 2025 results: EPS: NT$0.97 (up from NT$0.57 in 1Q 2024). Revenue: NT$305.6m (up 25% from 1Q 2024). Net income: NT$64.3m (up 70% from 1Q 2024). Profit margin: 21% (up from 16% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Anuncio • May 01
Transart Graphics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Transart Graphics Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$40.55, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total loss to shareholders of 27% over the past three years. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.04b (US$92.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Market cap is less than US$100m (NT$3.04b market cap, or US$92.0m). Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: NT$3.01 (vs NT$1.88 in FY 2023) Full year 2024 results: EPS: NT$3.01 (up from NT$1.88 in FY 2023). Revenue: NT$1.12b (up 13% from FY 2023). Net income: NT$200.7m (up 61% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Anuncio • Mar 10
Transart Graphics Co., Ltd., Annual General Meeting, Jun 20, 2025 Transart Graphics Co., Ltd., Annual General Meeting, Jun 20, 2025. Location: no,6, kung yeh ou rd., hsi tun district, taichung city Taiwan Anuncio • Mar 01
Transart Graphics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Transart Graphics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: NT$0.82 (vs NT$0.58 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.82 (up from NT$0.58 in 3Q 2023). Revenue: NT$295.1m (up 22% from 3Q 2023). Net income: NT$54.3m (up 41% from 3Q 2023). Profit margin: 18% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.46 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.78 (up from NT$0.46 in 2Q 2023). Revenue: NT$275.7m (up 17% from 2Q 2023). Net income: NT$52.0m (up 68% from 2Q 2023). Profit margin: 19% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.18b (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (115% payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$3.18b market cap, or US$97.3m). Anuncio • Aug 02
Transart Graphics Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Transart Graphics Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jun 22
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 1st July 2024 Payment date: 24th July 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.57 (vs NT$0.70 in 1Q 2023) First quarter 2024 results: EPS: NT$0.57 (down from NT$0.70 in 1Q 2023). Revenue: NT$243.6m (down 10.0% from 1Q 2023). Net income: NT$37.9m (down 19% from 1Q 2023). Profit margin: 16% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Anuncio • May 03
Transart Graphics Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Transart Graphics Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Anuncio • Mar 14
Transart Graphics Co., Ltd., Annual General Meeting, Jun 14, 2024 Transart Graphics Co., Ltd., Annual General Meeting, Jun 14, 2024. Location: No.6, The 12th Road, Taichung Ind.Park, Taichung 407 , Taiwan Taichung Taiwan Agenda: To consider the report of the business of 2023; to consider the Audit Committee' s review report of the financial statements for 2023; to consider the Report on the distribution of cash dividends to shareholders from the profits for the fiscal year 2023; to accept 2023 Business Report ad Financial Statements; and to consider other matters. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: NT$1.88 (vs NT$4.43 in FY 2022) Full year 2023 results: EPS: NT$1.88 (down from NT$4.43 in FY 2022). Revenue: NT$993.7m (down 32% from FY 2022). Net income: NT$124.9m (down 58% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$1.42 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.46 (down from NT$1.42 in 2Q 2022). Revenue: NT$235.3m (down 37% from 2Q 2022). Net income: NT$30.9m (down 67% from 2Q 2022). Profit margin: 13% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 28
Upcoming dividend of NT$3.80 per share at 6.5% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 24 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%). Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: NT$4.43 (vs NT$6.10 in FY 2021) Full year 2022 results: EPS: NT$4.43 (down from NT$6.10 in FY 2021). Revenue: NT$1.46b (down 6.9% from FY 2021). Net income: NT$295.0m (down 27% from FY 2021). Profit margin: 20% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Vice Chairman and President Le Wen was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$1.21 (vs NT$1.12 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.21 (up from NT$1.12 in 3Q 2021). Revenue: NT$397.4m (down 1.8% from 3Q 2021). Net income: NT$80.9m (up 8.5% from 3Q 2021). Profit margin: 20% (up from 18% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be NT$70.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. Buying Opportunity • Aug 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$76.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$1.42 (vs NT$2.50 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.42 (down from NT$2.50 in 2Q 2021). Revenue: NT$374.2m (down 3.4% from 2Q 2021). Net income: NT$94.4m (down 43% from 2Q 2021). Profit margin: 25% (down from 43% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 27
Upcoming dividend of NT$6.50 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 22 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.6%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (4.9%). Reported Earnings • May 09
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: NT$1.47 (up from NT$1.41 in 1Q 2021). Revenue: NT$369.4m (down 4.2% from 1Q 2021). Net income: NT$97.9m (up 4.6% from 1Q 2021). Profit margin: 27% (up from 24% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Vice Chairman and President Le Wen was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: NT$6.10 (down from NT$12.51 in FY 2020). Revenue: NT$1.57b (up 14% from FY 2020). Net income: NT$406.5m (down 51% from FY 2020). Profit margin: 26% (down from 61% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$1.12 (vs NT$9.20 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$404.6m (down 2.6% from 3Q 2020). Net income: NT$74.6m (down 88% from 3Q 2020). Profit margin: 18% (down from 147% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.50 (vs NT$0.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$387.5m (up 51% from 2Q 2020). Net income: NT$166.5m (up 384% from 2Q 2020). Profit margin: 43% (up from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 23 July 2021. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (4.8%). Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$1.41 (vs NT$0.90 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$385.5m (up 36% from 1Q 2020). Net income: NT$93.6m (up 56% from 1Q 2020). Profit margin: 24% (up from 21% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$12.51 (vs NT$3.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.38b (up 12% from FY 2019). Net income: NT$832.9m (up 265% from FY 2019). Profit margin: 61% (up from 19% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 24% share price gain to NT$90.50, the stock is trading at a trailing P/E ratio of 7.8x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 22x in the Commercial Services industry in Taiwan. Total returns to shareholders over the past three years are 143%. Is New 90 Day High Low • Mar 02
New 90-day high: NT$74.90 The company is up 3.0% from its price of NT$72.80 on 02 December 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 1.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$9.20 Third quarter 2020 results: Revenue: NT$415.5m (up 27% from 3Q 2019). Net income: NT$612.4m (up NT$547.6m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 05
New 90-day high: NT$72.00 The company is up 17% from its price of NT$61.70 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: NT$70.70 The company is up 13% from its price of NT$62.40 on 08 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 5.0% over the same period. 