Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €12.50, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 90x in the Semiconductor industry in Germany. Total loss to shareholders of 7.7% over the past three years. Annonce • Jun 03
Torex Semiconductor Ltd. to Report Q1, 2027 Results on Aug 12, 2026 Torex Semiconductor Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥109 (vs JP¥215 loss in FY 2025) Full year 2026 results: EPS: JP¥109 (up from JP¥215 loss in FY 2025). Revenue: JP¥25.1b (up 4.7% from FY 2025). Net income: JP¥1.16b (up JP¥3.52b from FY 2025). Profit margin: 4.6% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Satoshi Sonoda was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 14
Torex Semiconductor Ltd., Annual General Meeting, Jun 24, 2026 Torex Semiconductor Ltd., Annual General Meeting, Jun 24, 2026. Annonce • May 10
Torex Semiconductor Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Torex Semiconductor Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Annonce • Dec 10
Torex Semiconductor Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Torex Semiconductor Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Annonce • Sep 30
Torex Semiconductor Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Torex Semiconductor Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Annonce • Jun 25
Torex Semiconductor Ltd. to Report Q1, 2026 Results on Aug 12, 2025 Torex Semiconductor Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Annonce • May 14
Torex Semiconductor Ltd., Annual General Meeting, Jun 25, 2025 Torex Semiconductor Ltd., Annual General Meeting, Jun 25, 2025. Annonce • Mar 27
Torex Semiconductor Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Torex Semiconductor Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Annonce • Feb 16
Torex Semiconductor Ltd. (TSE:6616) announces an Equity Buyback for 500,000 shares, representing 4.5% for ¥500 million. Torex Semiconductor Ltd. (TSE:6616) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.5% of its share capital, for ¥500 million. The company will repurchase its shares in order to further return profits to all shareholders, and to implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until June 30, 2025. As of January 31, 2025, the company had 11,118,967 shares outstanding (excluding treasury shares) and 435,233 shares in treasury. Annonce • Jan 03
Torex Semiconductor Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Torex Semiconductor Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.6m (US$96.5m) 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€91.6m market cap, or US$96.5m). Annonce • Sep 25
Torex Semiconductor Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Torex Semiconductor Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥7.55 (vs JP¥6.37 in 1Q 2024) First quarter 2025 results: EPS: JP¥7.55 (up from JP¥6.37 in 1Q 2024). Revenue: JP¥6.25b (down 2.4% from 1Q 2024). Net income: JP¥83.0m (up 19% from 1Q 2024). Profit margin: 1.3% (up from 1.1% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€88.8m market cap, or US$97.3m). Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 268%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Annonce • Jun 27
Torex Semiconductor Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Torex Semiconductor Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: JP¥391 loss per share (vs JP¥199 profit in FY 2023) Full year 2024 results: JP¥391 loss per share (down from JP¥199 profit in FY 2023). Revenue: JP¥25.8b (down 19% from FY 2023). Net loss: JP¥4.30b (down 297% from profit in FY 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Annonce • May 16
Torex Semiconductor Ltd., Annual General Meeting, Jun 26, 2024 Torex Semiconductor Ltd., Annual General Meeting, Jun 26, 2024. Annonce • Mar 27
Torex Semiconductor Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Torex Semiconductor Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.2%). Reported Earnings • Feb 16
Third quarter 2024 earnings released: JP¥55.73 loss per share (vs JP¥46.55 profit in 3Q 2023) Third quarter 2024 results: JP¥55.73 loss per share (down from JP¥46.55 profit in 3Q 2023). Revenue: JP¥6.31b (down 18% from 3Q 2023). Net loss: JP¥613.0m (down 220% from profit in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Annonce • Dec 20
Torex Semiconductor Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Torex Semiconductor Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 19
Second quarter 2024 earnings released: JP¥24.46 loss per share (vs JP¥112 profit in 2Q 2023) Second quarter 2024 results: JP¥24.46 loss per share (down from JP¥112 profit in 2Q 2023). Revenue: JP¥6.85b (down 22% from 2Q 2023). Net loss: JP¥269.0m (down 122% from profit in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥28.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥6.37 (vs JP¥113 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.37 (down from JP¥113 in 1Q 2023). Revenue: JP¥6.40b (down 26% from 1Q 2023). Net income: JP¥70.0m (down 94% from 1Q 2023). Profit margin: 1.1% (down from 14% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Annonce • Jun 02
Torex Semiconductor Ltd. to Report Q2, 2024 Results on Nov 14, 2023 Torex Semiconductor Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Annonce • May 31
Torex Semiconductor Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Torex Semiconductor Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥199 (vs JP¥289 in FY 2022) Full year 2023 results: EPS: JP¥199 (down from JP¥289 in FY 2022). Revenue: JP¥32.0b (up 3.5% from FY 2022). Net income: JP¥2.18b (down 31% from FY 2022). Profit margin: 6.8% (down from 10% in FY 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €12.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 32% over the past year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥46.55 (vs JP¥70.57 in 3Q 2022) Third quarter 2023 results: EPS: JP¥46.55 (down from JP¥70.57 in 3Q 2022). Revenue: JP¥7.70b (down 3.0% from 3Q 2022). Net income: JP¥512.0m (down 34% from 3Q 2022). Profit margin: 6.7% (down from 9.7% in 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Annonce • Dec 18
Torex Semiconductor Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Torex Semiconductor Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yumi Hirose was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 24
Torex Semiconductor Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Torex Semiconductor Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: JP¥113 (vs JP¥43.51 in 1Q 2022) First quarter 2023 results: EPS: JP¥113 (up from JP¥43.51 in 1Q 2022). Revenue: JP¥8.59b (up 23% from 1Q 2022). Net income: JP¥1.24b (up 160% from 1Q 2022). Profit margin: 14% (up from 6.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.3%, compared to a 12% growth forecast for the Semiconductor industry in Germany. Annonce • Jun 24
Torex Semiconductor Ltd. to Report Q1, 2023 Results on Aug 15, 2022 Torex Semiconductor Ltd. announced that they will report Q1, 2023 results on Aug 15, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 17% share price gain to €19.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Semiconductor industry in Germany. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥289 (vs JP¥85.37 in FY 2021) Full year 2022 results: EPS: JP¥289 (up from JP¥85.37 in FY 2021). Revenue: JP¥30.9b (up 30% from FY 2021). Net income: JP¥3.16b (up 238% from FY 2021). Profit margin: 10% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.9%, compared to a 14% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Exec. Officer, GM of Quality, Production Engg. Headquarters & Quality Assurance Dept. and Director Takashi Miyata was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €16.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Semiconductor industry in Germany. Annonce • Apr 08
Torex Semiconductor Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Torex Semiconductor Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥70.57 (up from JP¥21.12 in 3Q 2021). Revenue: JP¥7.94b (up 38% from 3Q 2021). Net income: JP¥772.0m (up 234% from 3Q 2021). Profit margin: 9.7% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 6.1%, compared to a 16% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 33% share price gain to €27.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 30x in the Semiconductor industry in Germany. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. External Independent Director Hiroshi Komatsu was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.