Patec Precision Industry（2236）株式概要パテック精密工業株式会社はその子会社とともに、シンガポール、日本、インドネシア、ハンガリー、中国で部品製造とエンジニアリング・ソリューションを提供している。 詳細2236 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析利払いは収益で十分にカバーされない 過去5年間で収益は年間1.8%減少しました。 すべてのリスクチェックを見る2236 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW465,162 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA465,162 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$122.0075.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-422m65b2016201920222025202620282031Revenue NT$65.1bEarnings NT$4.3bAdvancedSet Fair ValueView all narrativesPatec Precision Industry Co., Ltd. 競合他社TYC Brother IndustrialSymbol: TWSE:1522Market cap: NT$8.8bGLOBAL TEK FABRICATIONSymbol: TWSE:4566Market cap: NT$7.4bHushan AutopartsSymbol: TWSE:7736Market cap: NT$5.4bE-Lead ElectronicSymbol: TWSE:2497Market cap: NT$6.0b価格と性能株価の高値、安値、推移の概要Patec Precision Industry過去の株価現在の株価NT$122.0052週高値NT$189.5052週安値NT$79.73ベータ0.371ヶ月の変化-20.52%3ヶ月変化-16.72%1年変化22.12%3年間の変化91.75%5年間の変化379.38%IPOからの変化196.82%最新ニュースNew Risk • Jun 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.02x net interest cover). Earnings have declined by 1.8% per year over the past 5 years.New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 2.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 02Full year 2025 earnings released: NT$6.81 loss per share (vs NT$7.15 profit in FY 2024)Full year 2025 results: NT$6.81 loss per share (down from NT$7.15 profit in FY 2024). Revenue: NT$9.32b (up 423% from FY 2024). Net loss: NT$379.8m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 16Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 3 floor no,8, tung hsing rd., taipei city TaiwanValuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$115, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 405% over the past three years.最新情報をもっと見るRecent updatesNew Risk • Jun 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.02x net interest cover). Earnings have declined by 1.8% per year over the past 5 years.New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 2.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 02Full year 2025 earnings released: NT$6.81 loss per share (vs NT$7.15 profit in FY 2024)Full year 2025 results: NT$6.81 loss per share (down from NT$7.15 profit in FY 2024). Revenue: NT$9.32b (up 423% from FY 2024). Net loss: NT$379.8m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 16Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 3 floor no,8, tung hsing rd., taipei city TaiwanValuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$115, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 405% over the past three years.New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).Upcoming Dividend • Dec 03Upcoming dividend of NT$0.31 per shareEligible shareholders must have bought the stock before 10 December 2025. Payment date: 08 January 2026. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (5.1%).Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$3.39 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$3.39 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$2.41b (up 473% from 3Q 2024). Net loss: NT$181.6m (loss widened 225% from 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$92.40, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 363% over the past three years.Reported Earnings • Sep 03Second quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.19 loss in 2Q 2024)Second quarter 2025 results: NT$0.28 loss per share (further deteriorated from NT$0.19 loss in 2Q 2024). Revenue: NT$2.28b (up 443% from 2Q 2024). Net loss: NT$15.0m (loss widened 56% from 2Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio).Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.00 (vs NT$0.26 in 1Q 2024)First quarter 2025 results: EPS: NT$1.00 (up from NT$0.26 in 1Q 2024). Revenue: NT$2.30b (up 473% from 1Q 2024). Net income: NT$53.5m (up 301% from 1Q 2024). Profit margin: 2.3% (down from 3.3% in 1Q 2024). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 56% per year.お知らせ • May 14Patec Precision Industry Co., Ltd. has filed a Follow-on Equity Offering.Patec Precision Industry Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,500,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 4,500,000 Transaction Features: Reserved Share Offering; Rights Offeringお知らせ • May 06Patec Precision Industry Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Patec Precision Industry Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025New Risk • Apr 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$80.10, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total returns to shareholders of 267% over the past three years.お知らせ • Apr 02Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2025Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: 11 floor no,97, tun hua s. rd., da-an district, taipei city TaiwanReported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$7.38 (vs NT$2.93 in FY 2023)Full year 2024 results: EPS: NT$7.38 (up from NT$2.93 in FY 2023). Revenue: NT$1.78b (down 1.9% from FY 2023). Net income: NT$383.2m (up 175% from FY 2023). Profit margin: 22% (up from 7.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin).お知らせ • Mar 31Patec Precision Industry Co., Ltd. Announces Chief Operating Officer Changes, Effective April 1, 2025The Board of Directors of Patec Precision Industry Co., Ltd. approved the appointment of COO. Name, title, and resume of the previous position holder: Ong Boon Hock/Patec's COO. Name, title, and resume of the new position holder: Tan Choon Hoong/Broadway Industrial Group Limited CEO. Reason for the change: Position adjustment. Effective date: April 1, 2025.お知らせ • Mar 22Patec Precision Industry Co., Ltd. to Report Q4, 2024 Results on Mar 30, 2025Patec Precision Industry Co., Ltd. announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 30, 2025Board Change • Feb 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 22+ 1 more updatePatec Precision Industry Co., Ltd. Appoints Shen Hui Cheng as Natural-Person DirectorPatec Precision Industry Co., Ltd. announced appointment of Shen Hui Cheng/R.O.C. as natural-person director. Resume of the new position holder: Shen Hui Cheng /Good Finance Securities Co., Ltd./Vice President. Effective date of the new appointment is February 21, 2025.お知らせ • Dec 27Patec Precision Industry Co., Ltd. Announces Resignation of Yang Hui Chen as DirectorPatec Precision Industry Co., Ltd. announced the resignation of Yang Hui Chen as Director of the Company due to personal career planning.Reported Earnings • Nov 15Third quarter 2024 earnings released: NT$1.29 loss per share (vs NT$0.71 profit in 3Q 2023)Third quarter 2024 results: NT$1.29 loss per share (down from NT$0.71 profit in 3Q 2023). Revenue: NT$420.7m (down 13% from 3Q 2023). Net loss: NT$66.6m (down 302% from profit in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 06Patec Precision Industry Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Patec Precision Industry Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024Upcoming Dividend • Sep 18Upcoming dividend of NT$0.49 per shareEligible shareholders must have bought the stock before 25 September 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).Valuation Update With 7 Day Price Move • Sep 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$117, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 18x in the Auto Components industry in Taiwan. Total returns to shareholders of 420% over the past three years.Reported Earnings • Aug 30Second quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.31 profit in 2Q 2023)Second quarter 2024 results: NT$0.19 loss per share (down from NT$0.31 profit in 2Q 2023). Revenue: NT$420.3m (up 7.2% from 2Q 2023). Net loss: NT$9.56m (down 168% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 20Patec Precision Industry Co., Ltd. to Report Q2, 2024 Results on Aug 27, 2024Patec Precision Industry Co., Ltd. announced that they will report Q2, 2024 results on Aug 27, 2024Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$109, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 395% over the past three years.分析記事 • Jul 12Optimistic Investors Push Patec Precision Industry Co., Ltd. (TWSE:2236) Shares Up 25% But Growth Is LackingDespite an already strong run, Patec Precision Industry Co., Ltd. ( TWSE:2236 ) shares have been powering on, with a...Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$97.70, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 20x in the Auto Components industry in Taiwan. Total returns to shareholders of 375% over the past three years.分析記事 • Jul 03Here's Why Patec Precision Industry (TWSE:2236) Has Caught The Eye Of InvestorsInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Board Change • Jun 28Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Jun 26+ 1 more updatePatec Precision Industry Co., Ltd. Announces Newly Elects DirectorsPatec Precision Industry Co., Ltd. announced that the Company's list of newly elected directors. Title and name of the previous position holder: (1)Director-Wee Liang Kiang; Resume of the previous position holder: Director: (1)Wee Liang Kiang/Patec Precision Industry Co., Ltd. Director; Title and name of the new position holder: (1)Director-Wee Liang Kiang; Resume of the new position holder: Director: (1)Wee Liang Kiang/Patec Precision Industry Co., Ltd. Director; Reason for the change: Proposal for the Company's re-election; Effective date of the new appointment: June 25, 2024.Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$78.80, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 20x in the Auto Components industry in Taiwan. Total returns to shareholders of 282% over the past three years.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.70 in 1Q 2023)First quarter 2024 results: EPS: NT$0.27 (down from NT$0.70 in 1Q 2023). Revenue: NT$401.5m (down 5.4% from 1Q 2023). Net income: NT$13.4m (down 58% from 1Q 2023). Profit margin: 3.3% (down from 7.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 05Patec Precision Industry Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Patec Precision Industry Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024お知らせ • Mar 29Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 25, 2024Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 25, 2024.分析記事 • Mar 25There May Be Underlying Issues With The Quality Of Patec Precision Industry's (TWSE:2236) EarningsPatec Precision Industry Co., Ltd. ( TWSE:2236 ) just reported some strong earnings, and the market reacted accordingly...Reported Earnings • Mar 21Full year 2023 earnings released: EPS: NT$2.99 (vs NT$1.64 in FY 2022)Full year 2023 results: EPS: NT$2.99 (up from NT$1.64 in FY 2022). Revenue: NT$1.82b (up 28% from FY 2022). Net income: NT$139.2m (up 86% from FY 2022). Profit margin: 7.7% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 20Is Patec Precision Industry (TWSE:2236) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Dec 05Upcoming dividend of NT$0.092 per share at 0.4% yieldEligible shareholders must have bought the stock before 12 December 2023. Payment date: 10 January 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.0%).New Risk • Sep 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: NT$0.31 (vs NT$0.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.31 (down from NT$0.49 in 2Q 2022). Revenue: NT$392.2m (up 19% from 2Q 2022). Net income: NT$14.1m (down 38% from 2Q 2022). Profit margin: 3.6% (down from 6.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.08b market cap, or US$98.3m).Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$65.80, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 357% over the past three years.Board Change • Jun 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Jun 19Patec Precision Industry Co., Ltd. Announces the Resignation of Sean Hsu as Financial OfficerPatec Precision Industry Co., Ltd. announced the resignation of Sean Hsu as Financial Officer, effective June 17, 2023.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$58.10, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 351% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$48.00, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 270% over the past three years.お知らせ • May 06Patec Precision Industry Co., Ltd. Announcement of Resignation of DirectorPatec Precision Industry Co., Ltd. announced the resignation of Director/Jack Liu and Director/Sean Hsu. The company received the resignation letter from directors Jack Liu and Sean Hsu on May 4, 2023, and the effective date of director's resignation is on June 14, 2023.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$45.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 263% over the past three years.Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$1.64 (vs NT$1.47 in FY 2021)Full year 2022 results: EPS: NT$1.64 (up from NT$1.47 in FY 2021). Revenue: NT$1.42b (up 3.8% from FY 2021). Net income: NT$74.9m (up 11% from FY 2021). Profit margin: 5.3% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$36.05, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 128% over the past three years.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$24.40, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 14x in the Auto Components industry in Taiwan. Total returns to shareholders of 33% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.57 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.30 (down from NT$0.57 in 3Q 2021). Revenue: NT$365.3m (up 4.2% from 3Q 2021). Net income: NT$13.8m (down 47% from 3Q 2021). Profit margin: 3.8% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 09Upcoming dividend of NT$0.18 per shareEligible shareholders must have bought the stock before 16 September 2022. Payment date: 20 October 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 15%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.6%).Reported Earnings • Sep 04Second quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.45 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.49 (up from NT$0.45 in 2Q 2021). Revenue: NT$329.0m (down 1.9% from 2Q 2021). Net income: NT$22.5m (up 8.5% from 2Q 2021). Profit margin: 6.8% (up from 6.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Aug 30Patec Precision Industry Co., Ltd. Announces Cash Dividend for the First Half of 2022, Payable on October 20, 2022Patec Precision Industry Co., Ltd. announced cash dividend of TWD 8,236,747 (TWD 0.18 cash dividend per share) for the first half of 2022. Ex-rights (ex-dividend) trading date is September 16, 2022. Ex-rights (ex-dividend) record date is September 24, 2022. The cash dividend will be distributed on October 20, 2022.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$21.25, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 10% over the past three years.Upcoming Dividend • Jun 30Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 08 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 24%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (2.8%).お知らせ • Jun 22Patec Precision Industry Co., Ltd. Announces Cash Dividend for the Second Half of 2021, Payable on August 8, 2022Patec Precision Industry Co., Ltd. announced Second half of 2021 is Cash dividend TWD 137,279,109. Ex-rights (ex-dividend) trading date is July 7, 2022. Ex-rights (ex-dividend) record date is July 13, 2022. The cash dividend will be distributed on August 8, 2022., at the AGM held on June 21, 2022.Board Change • Jun 07High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 2 highly experienced directors. GM & Director Hong Wee is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • May 19First quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.12 in 1Q 2021)First quarter 2022 results: EPS: NT$0.15 (up from NT$0.12 in 1Q 2021). Revenue: NT$332.2m (up 2.2% from 1Q 2021). Net income: NT$6.74m (up 24% from 1Q 2021). Profit margin: 2.0% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Apr 02Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 20, 2022Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 20, 2022.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: NT$1.47 (vs NT$0.69 in FY 2020)Full year 2021 results: EPS: NT$1.47 (up from NT$0.69 in FY 2020). Revenue: NT$1.37b (up 16% from FY 2020). Net income: NT$67.3m (up 114% from FY 2020). Profit margin: 4.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Feb 22Patec Precision Industry Co., Ltd. Appoints Ong Boon Hock as Chief Operating OfficerPatec Precision Industry Co., Ltd. appointed Ong Boon Hock /Shinwa Precision Hungary, Managing Director as Chief Operating Officer. Effective date: August 26, 2021. Any other matters that need to be specified: Ong Boon Hock also serves as General Manager of Indonesia (Supplementary Announcement). Date of occurrence of the change: February 02, 2021.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.57 (vs NT$0.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$350.7m (up 17% from 3Q 2020). Net income: NT$26.1m (up 173% from 3Q 2020). Profit margin: 7.4% (up from 3.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.90, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 14% over the past three years.Upcoming Dividend • Sep 06Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 13 September 2021. Payment date: 13 October 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).Reported Earnings • Sep 03Second quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.45 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$335.4m (up 40% from 2Q 2020). Net income: NT$20.7m (up 1.4% from 2Q 2020). Profit margin: 6.2% (down from 8.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Board Change • Aug 27High number of new directorsChairman & CEO Michael Wee was the last director to join the board, commencing their role in 2021.Executive Departure • Jun 18General Manager for Wuxi Jingxin Precision Machine Co Ltd Ping Chang has left the companyOn the 16th of June, Ping Chang's tenure as General Manager for Wuxi Jingxin Precision Machine Co Ltd ended. We don't have any record of a personal shareholding under Ping's name. A total of 3 executives have left over the last 12 months.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.12 (vs NT$0.41 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$325.1m (up 11% from 1Q 2020). Net income: NT$5.43m (up NT$24.2m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$24.60, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 24x in the Auto Components industry in Taiwan. Total loss to shareholders of 43% over the past three years.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$29.30, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 28x in the Auto Components industry in Taiwan. Total loss to shareholders of 30% over the past three years.Executive Departure • Apr 25Director has left the companyOn the 22nd of April, Mui Goh's tenure as Director ended after 9.8 years in the role. We don't have any record of a personal shareholding under Mui's name. A total of 2 executives have left over the last 12 months.Executive Departure • Apr 25Director has left the companyOn the 22nd of April, Hiroyuki Hidaka's tenure as Director ended after 1.8 years in the role. We don't have any record of a personal shareholding under Hiroyuki's name. A total of 2 executives have left over the last 12 months.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$23.30, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 26x in the Auto Components industry in Taiwan. Total loss to shareholders of 45% over the past three years.分析記事 • Apr 01Patec Precision Industry (TPE:2236) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.69 (vs NT$0.85 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$1.18b (down 34% from FY 2019). Net income: NT$31.5m (down 19% from FY 2019). Profit margin: 2.7% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Mar 18Wee Hong Jie, Director made an offer to acquire an unknown stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others.Wee Hong Jie, Director made an offer to acquire an unknown stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others on March 16, 2021. On October 30, 2020, Goh Mui Teck and Hiroyuki Hidaka signed a letter of undertaking wherein they promised the offeror that they will sell their shares in response to the public tender offer. Patec Precision will hold a review committee meeting and a meeting of the Board of Directors within 15 days to make a recommendation to the shareholders and asses the fairness of the offer. Transaction is expected to be completed within one year.お知らせ • Mar 12Patec Precision Industry Co., Ltd. Announces Dismissal of Director, Wee Liang KiangPatec Precision Industry Co., Ltd. announced dismissal of Director, Wee Liang Kiang.分析記事 • Feb 21Does Patec Precision Industry (TPE:2236) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 04New 90-day high: NT$20.05The company is up 23% from its price of NT$16.27 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.分析記事 • Dec 30Is Patec Precision Industry (TPE:2236) Set To Make A Turnaround?When researching a stock for investment, what can tell us that the company is in decline? A business that's potentially...Is New 90 Day High Low • Dec 15New 90-day high: NT$18.50The company is up 9.0% from its price of NT$17.00 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period.Is New 90 Day High Low • Nov 26New 90-day high: NT$18.15The company is up 10.0% from its price of NT$16.56 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 9.0% over the same period.Is New 90 Day High Low • Nov 19New 90-day high: NT$18.15The company is up 10.0% from its price of NT$16.50 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 10.0% over the same period.Upcoming Dividend • Nov 17Upcoming Dividend of NT$0.061 Per ShareWill be paid on the 29th of December to those who are registered shareholders by the 24th of November. The trailing yield of 0.4% is below the top quartile of Taiwanese dividend payers (5.3%), and is lower than industry peers (3.1%).Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.22The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$300.0m (down 37% from 3Q 2019). Net income: NT$9.56m (down 77% from 3Q 2019). Profit margin: 3.2% (down from 8.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.株主還元2236TW Auto ComponentsTW 市場7D-4.3%0.5%-1.4%1Y22.1%-10.5%87.5%株主還元を見る業界別リターン: 2236過去 1 年間で-10.5 % の収益を上げたTW Auto Components業界を上回りました。リターン対市場: 2236は、過去 1 年間で87.5 % のリターンを上げたTW市場を下回りました。価格変動Is 2236's price volatile compared to industry and market?2236 volatility2236 Average Weekly Movement7.1%Auto Components Industry Average Movement4.9%Market Average Movement6.3%10% most volatile stocks in TW Market11.8%10% least volatile stocks in TW Market2.7%安定した株価: 2236 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2236の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1992n/aHong Jie Weewww.patec-intl.comパテック精密工業株式会社は、その子会社とともに、シンガポール、日本、インドネシア、ハンガリー、中国で部品製造とエンジニアリング・ソリューションを提供している。同社はODM精密機械プレス機械と工具の設計と製作を提供している。プロセス変換やその他のアプリケーション用の精密工具、ロボット搬送、フィーダー、その他のサポートシステムの開発、製造、テストを行っている。また、精密金属部品やサブアッセンブリー部品を自動車や電子機器メーカーに供給。パテック精密工業株式会社は、エレクトロニクス製品、モバイル機器、ハードディスクドライブ、エンジントランスミッションシステム、排気システム、ブレーキ、安全システムにサービスを提供している。同社は1992年に設立され、シンガポールを拠点としている。もっと見るPatec Precision Industry Co., Ltd. 基礎のまとめPatec Precision Industry の収益と売上を時価総額と比較するとどうか。2236 基礎統計学時価総額NT$7.49b収益（TTM）-NT$421.72m売上高(TTM)NT$9.75b0.8xP/Sレシオ-17.8xPER（株価収益率2236 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2236 損益計算書（TTM）収益NT$9.75b売上原価NT$8.70b売上総利益NT$1.05bその他の費用NT$1.47b収益-NT$421.72m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-6.87グロス・マージン10.77%純利益率-4.32%有利子負債／自己資本比率107.7%2236 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.3%現在の配当利回り-5%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/21 11:32終値2026/08/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Patec Precision Industry Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Zhizhong ChenCapital Securities Corporation
New Risk • Jun 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.02x net interest cover). Earnings have declined by 1.8% per year over the past 5 years.
New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 2.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 02Full year 2025 earnings released: NT$6.81 loss per share (vs NT$7.15 profit in FY 2024)Full year 2025 results: NT$6.81 loss per share (down from NT$7.15 profit in FY 2024). Revenue: NT$9.32b (up 423% from FY 2024). Net loss: NT$379.8m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 16Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 3 floor no,8, tung hsing rd., taipei city Taiwan
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$115, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 405% over the past three years.
New Risk • Jun 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.02x net interest cover). Earnings have declined by 1.8% per year over the past 5 years.
New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 2.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 02Full year 2025 earnings released: NT$6.81 loss per share (vs NT$7.15 profit in FY 2024)Full year 2025 results: NT$6.81 loss per share (down from NT$7.15 profit in FY 2024). Revenue: NT$9.32b (up 423% from FY 2024). Net loss: NT$379.8m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 16Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 3 floor no,8, tung hsing rd., taipei city Taiwan
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$115, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 405% over the past three years.
New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
Upcoming Dividend • Dec 03Upcoming dividend of NT$0.31 per shareEligible shareholders must have bought the stock before 10 December 2025. Payment date: 08 January 2026. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (5.1%).
Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$3.39 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$3.39 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$2.41b (up 473% from 3Q 2024). Net loss: NT$181.6m (loss widened 225% from 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$92.40, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 12x in the Auto Components industry in Taiwan. Total returns to shareholders of 363% over the past three years.
Reported Earnings • Sep 03Second quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.19 loss in 2Q 2024)Second quarter 2025 results: NT$0.28 loss per share (further deteriorated from NT$0.19 loss in 2Q 2024). Revenue: NT$2.28b (up 443% from 2Q 2024). Net loss: NT$15.0m (loss widened 56% from 2Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio).
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.00 (vs NT$0.26 in 1Q 2024)First quarter 2025 results: EPS: NT$1.00 (up from NT$0.26 in 1Q 2024). Revenue: NT$2.30b (up 473% from 1Q 2024). Net income: NT$53.5m (up 301% from 1Q 2024). Profit margin: 2.3% (down from 3.3% in 1Q 2024). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 56% per year.
お知らせ • May 14Patec Precision Industry Co., Ltd. has filed a Follow-on Equity Offering.Patec Precision Industry Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,500,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 4,500,000 Transaction Features: Reserved Share Offering; Rights Offering
お知らせ • May 06Patec Precision Industry Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Patec Precision Industry Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025
New Risk • Apr 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$80.10, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total returns to shareholders of 267% over the past three years.
お知らせ • Apr 02Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2025Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: 11 floor no,97, tun hua s. rd., da-an district, taipei city Taiwan
Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$7.38 (vs NT$2.93 in FY 2023)Full year 2024 results: EPS: NT$7.38 (up from NT$2.93 in FY 2023). Revenue: NT$1.78b (down 1.9% from FY 2023). Net income: NT$383.2m (up 175% from FY 2023). Profit margin: 22% (up from 7.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin).
お知らせ • Mar 31Patec Precision Industry Co., Ltd. Announces Chief Operating Officer Changes, Effective April 1, 2025The Board of Directors of Patec Precision Industry Co., Ltd. approved the appointment of COO. Name, title, and resume of the previous position holder: Ong Boon Hock/Patec's COO. Name, title, and resume of the new position holder: Tan Choon Hoong/Broadway Industrial Group Limited CEO. Reason for the change: Position adjustment. Effective date: April 1, 2025.
お知らせ • Mar 22Patec Precision Industry Co., Ltd. to Report Q4, 2024 Results on Mar 30, 2025Patec Precision Industry Co., Ltd. announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 30, 2025
Board Change • Feb 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 22+ 1 more updatePatec Precision Industry Co., Ltd. Appoints Shen Hui Cheng as Natural-Person DirectorPatec Precision Industry Co., Ltd. announced appointment of Shen Hui Cheng/R.O.C. as natural-person director. Resume of the new position holder: Shen Hui Cheng /Good Finance Securities Co., Ltd./Vice President. Effective date of the new appointment is February 21, 2025.
お知らせ • Dec 27Patec Precision Industry Co., Ltd. Announces Resignation of Yang Hui Chen as DirectorPatec Precision Industry Co., Ltd. announced the resignation of Yang Hui Chen as Director of the Company due to personal career planning.
Reported Earnings • Nov 15Third quarter 2024 earnings released: NT$1.29 loss per share (vs NT$0.71 profit in 3Q 2023)Third quarter 2024 results: NT$1.29 loss per share (down from NT$0.71 profit in 3Q 2023). Revenue: NT$420.7m (down 13% from 3Q 2023). Net loss: NT$66.6m (down 302% from profit in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 06Patec Precision Industry Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Patec Precision Industry Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
Upcoming Dividend • Sep 18Upcoming dividend of NT$0.49 per shareEligible shareholders must have bought the stock before 25 September 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$117, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 18x in the Auto Components industry in Taiwan. Total returns to shareholders of 420% over the past three years.
Reported Earnings • Aug 30Second quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.31 profit in 2Q 2023)Second quarter 2024 results: NT$0.19 loss per share (down from NT$0.31 profit in 2Q 2023). Revenue: NT$420.3m (up 7.2% from 2Q 2023). Net loss: NT$9.56m (down 168% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 20Patec Precision Industry Co., Ltd. to Report Q2, 2024 Results on Aug 27, 2024Patec Precision Industry Co., Ltd. announced that they will report Q2, 2024 results on Aug 27, 2024
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$109, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 395% over the past three years.
分析記事 • Jul 12Optimistic Investors Push Patec Precision Industry Co., Ltd. (TWSE:2236) Shares Up 25% But Growth Is LackingDespite an already strong run, Patec Precision Industry Co., Ltd. ( TWSE:2236 ) shares have been powering on, with a...
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$97.70, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 20x in the Auto Components industry in Taiwan. Total returns to shareholders of 375% over the past three years.
分析記事 • Jul 03Here's Why Patec Precision Industry (TWSE:2236) Has Caught The Eye Of InvestorsInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Board Change • Jun 28Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Jun 26+ 1 more updatePatec Precision Industry Co., Ltd. Announces Newly Elects DirectorsPatec Precision Industry Co., Ltd. announced that the Company's list of newly elected directors. Title and name of the previous position holder: (1)Director-Wee Liang Kiang; Resume of the previous position holder: Director: (1)Wee Liang Kiang/Patec Precision Industry Co., Ltd. Director; Title and name of the new position holder: (1)Director-Wee Liang Kiang; Resume of the new position holder: Director: (1)Wee Liang Kiang/Patec Precision Industry Co., Ltd. Director; Reason for the change: Proposal for the Company's re-election; Effective date of the new appointment: June 25, 2024.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$78.80, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 20x in the Auto Components industry in Taiwan. Total returns to shareholders of 282% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.70 in 1Q 2023)First quarter 2024 results: EPS: NT$0.27 (down from NT$0.70 in 1Q 2023). Revenue: NT$401.5m (down 5.4% from 1Q 2023). Net income: NT$13.4m (down 58% from 1Q 2023). Profit margin: 3.3% (down from 7.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 05Patec Precision Industry Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Patec Precision Industry Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024
お知らせ • Mar 29Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 25, 2024Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 25, 2024.
分析記事 • Mar 25There May Be Underlying Issues With The Quality Of Patec Precision Industry's (TWSE:2236) EarningsPatec Precision Industry Co., Ltd. ( TWSE:2236 ) just reported some strong earnings, and the market reacted accordingly...
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: NT$2.99 (vs NT$1.64 in FY 2022)Full year 2023 results: EPS: NT$2.99 (up from NT$1.64 in FY 2022). Revenue: NT$1.82b (up 28% from FY 2022). Net income: NT$139.2m (up 86% from FY 2022). Profit margin: 7.7% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 20Is Patec Precision Industry (TWSE:2236) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Dec 05Upcoming dividend of NT$0.092 per share at 0.4% yieldEligible shareholders must have bought the stock before 12 December 2023. Payment date: 10 January 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.0%).
New Risk • Sep 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: NT$0.31 (vs NT$0.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.31 (down from NT$0.49 in 2Q 2022). Revenue: NT$392.2m (up 19% from 2Q 2022). Net income: NT$14.1m (down 38% from 2Q 2022). Profit margin: 3.6% (down from 6.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.08b market cap, or US$98.3m).
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$65.80, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 357% over the past three years.
Board Change • Jun 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Jun 19Patec Precision Industry Co., Ltd. Announces the Resignation of Sean Hsu as Financial OfficerPatec Precision Industry Co., Ltd. announced the resignation of Sean Hsu as Financial Officer, effective June 17, 2023.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$58.10, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 351% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$48.00, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 270% over the past three years.
お知らせ • May 06Patec Precision Industry Co., Ltd. Announcement of Resignation of DirectorPatec Precision Industry Co., Ltd. announced the resignation of Director/Jack Liu and Director/Sean Hsu. The company received the resignation letter from directors Jack Liu and Sean Hsu on May 4, 2023, and the effective date of director's resignation is on June 14, 2023.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$45.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 263% over the past three years.
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$1.64 (vs NT$1.47 in FY 2021)Full year 2022 results: EPS: NT$1.64 (up from NT$1.47 in FY 2021). Revenue: NT$1.42b (up 3.8% from FY 2021). Net income: NT$74.9m (up 11% from FY 2021). Profit margin: 5.3% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$36.05, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 15x in the Auto Components industry in Taiwan. Total returns to shareholders of 128% over the past three years.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$24.40, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 14x in the Auto Components industry in Taiwan. Total returns to shareholders of 33% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kate Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.57 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.30 (down from NT$0.57 in 3Q 2021). Revenue: NT$365.3m (up 4.2% from 3Q 2021). Net income: NT$13.8m (down 47% from 3Q 2021). Profit margin: 3.8% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 09Upcoming dividend of NT$0.18 per shareEligible shareholders must have bought the stock before 16 September 2022. Payment date: 20 October 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 15%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.6%).
Reported Earnings • Sep 04Second quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.45 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.49 (up from NT$0.45 in 2Q 2021). Revenue: NT$329.0m (down 1.9% from 2Q 2021). Net income: NT$22.5m (up 8.5% from 2Q 2021). Profit margin: 6.8% (up from 6.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Aug 30Patec Precision Industry Co., Ltd. Announces Cash Dividend for the First Half of 2022, Payable on October 20, 2022Patec Precision Industry Co., Ltd. announced cash dividend of TWD 8,236,747 (TWD 0.18 cash dividend per share) for the first half of 2022. Ex-rights (ex-dividend) trading date is September 16, 2022. Ex-rights (ex-dividend) record date is September 24, 2022. The cash dividend will be distributed on October 20, 2022.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$21.25, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 19x in the Auto Components industry in Taiwan. Total returns to shareholders of 10% over the past three years.
Upcoming Dividend • Jun 30Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 08 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 24%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (2.8%).
お知らせ • Jun 22Patec Precision Industry Co., Ltd. Announces Cash Dividend for the Second Half of 2021, Payable on August 8, 2022Patec Precision Industry Co., Ltd. announced Second half of 2021 is Cash dividend TWD 137,279,109. Ex-rights (ex-dividend) trading date is July 7, 2022. Ex-rights (ex-dividend) record date is July 13, 2022. The cash dividend will be distributed on August 8, 2022., at the AGM held on June 21, 2022.
Board Change • Jun 07High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 2 highly experienced directors. GM & Director Hong Wee is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • May 19First quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.12 in 1Q 2021)First quarter 2022 results: EPS: NT$0.15 (up from NT$0.12 in 1Q 2021). Revenue: NT$332.2m (up 2.2% from 1Q 2021). Net income: NT$6.74m (up 24% from 1Q 2021). Profit margin: 2.0% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Apr 02Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 20, 2022Patec Precision Industry Co., Ltd., Annual General Meeting, Jun 20, 2022.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: NT$1.47 (vs NT$0.69 in FY 2020)Full year 2021 results: EPS: NT$1.47 (up from NT$0.69 in FY 2020). Revenue: NT$1.37b (up 16% from FY 2020). Net income: NT$67.3m (up 114% from FY 2020). Profit margin: 4.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Feb 22Patec Precision Industry Co., Ltd. Appoints Ong Boon Hock as Chief Operating OfficerPatec Precision Industry Co., Ltd. appointed Ong Boon Hock /Shinwa Precision Hungary, Managing Director as Chief Operating Officer. Effective date: August 26, 2021. Any other matters that need to be specified: Ong Boon Hock also serves as General Manager of Indonesia (Supplementary Announcement). Date of occurrence of the change: February 02, 2021.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.57 (vs NT$0.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$350.7m (up 17% from 3Q 2020). Net income: NT$26.1m (up 173% from 3Q 2020). Profit margin: 7.4% (up from 3.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.90, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 17x in the Auto Components industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Upcoming Dividend • Sep 06Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 13 September 2021. Payment date: 13 October 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Sep 03Second quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.45 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$335.4m (up 40% from 2Q 2020). Net income: NT$20.7m (up 1.4% from 2Q 2020). Profit margin: 6.2% (down from 8.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Board Change • Aug 27High number of new directorsChairman & CEO Michael Wee was the last director to join the board, commencing their role in 2021.
Executive Departure • Jun 18General Manager for Wuxi Jingxin Precision Machine Co Ltd Ping Chang has left the companyOn the 16th of June, Ping Chang's tenure as General Manager for Wuxi Jingxin Precision Machine Co Ltd ended. We don't have any record of a personal shareholding under Ping's name. A total of 3 executives have left over the last 12 months.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.12 (vs NT$0.41 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$325.1m (up 11% from 1Q 2020). Net income: NT$5.43m (up NT$24.2m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$24.60, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 24x in the Auto Components industry in Taiwan. Total loss to shareholders of 43% over the past three years.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$29.30, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 28x in the Auto Components industry in Taiwan. Total loss to shareholders of 30% over the past three years.
Executive Departure • Apr 25Director has left the companyOn the 22nd of April, Mui Goh's tenure as Director ended after 9.8 years in the role. We don't have any record of a personal shareholding under Mui's name. A total of 2 executives have left over the last 12 months.
Executive Departure • Apr 25Director has left the companyOn the 22nd of April, Hiroyuki Hidaka's tenure as Director ended after 1.8 years in the role. We don't have any record of a personal shareholding under Hiroyuki's name. A total of 2 executives have left over the last 12 months.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$23.30, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 26x in the Auto Components industry in Taiwan. Total loss to shareholders of 45% over the past three years.
分析記事 • Apr 01Patec Precision Industry (TPE:2236) Is Reinvesting At Lower Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.69 (vs NT$0.85 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$1.18b (down 34% from FY 2019). Net income: NT$31.5m (down 19% from FY 2019). Profit margin: 2.7% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 18Wee Hong Jie, Director made an offer to acquire an unknown stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others.Wee Hong Jie, Director made an offer to acquire an unknown stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others on March 16, 2021. On October 30, 2020, Goh Mui Teck and Hiroyuki Hidaka signed a letter of undertaking wherein they promised the offeror that they will sell their shares in response to the public tender offer. Patec Precision will hold a review committee meeting and a meeting of the Board of Directors within 15 days to make a recommendation to the shareholders and asses the fairness of the offer. Transaction is expected to be completed within one year.
お知らせ • Mar 12Patec Precision Industry Co., Ltd. Announces Dismissal of Director, Wee Liang KiangPatec Precision Industry Co., Ltd. announced dismissal of Director, Wee Liang Kiang.
分析記事 • Feb 21Does Patec Precision Industry (TPE:2236) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 04New 90-day high: NT$20.05The company is up 23% from its price of NT$16.27 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period.
分析記事 • Dec 30Is Patec Precision Industry (TPE:2236) Set To Make A Turnaround?When researching a stock for investment, what can tell us that the company is in decline? A business that's potentially...
Is New 90 Day High Low • Dec 15New 90-day high: NT$18.50The company is up 9.0% from its price of NT$17.00 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period.
Is New 90 Day High Low • Nov 26New 90-day high: NT$18.15The company is up 10.0% from its price of NT$16.56 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Nov 19New 90-day high: NT$18.15The company is up 10.0% from its price of NT$16.50 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 10.0% over the same period.
Upcoming Dividend • Nov 17Upcoming Dividend of NT$0.061 Per ShareWill be paid on the 29th of December to those who are registered shareholders by the 24th of November. The trailing yield of 0.4% is below the top quartile of Taiwanese dividend payers (5.3%), and is lower than industry peers (3.1%).
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.22The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$300.0m (down 37% from 3Q 2019). Net income: NT$9.56m (down 77% from 3Q 2019). Profit margin: 3.2% (down from 8.7% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
