View Financial HealthTopco Technologies 配当と自社株買い配当金 基準チェック /26Topco Technologiesは配当を支払う会社で、現在の利回りは4.07%ですが、利益によって十分にカバーされています。次の支払い日は 20th July, 2026で、権利落ち日は23rd June, 2026 。主要情報4.1%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長-1.6%次回配当支払日20 Jul 26配当落ち日23 Jun 26一株当たり配当金n/a配当性向79%最近の配当と自社株買いの更新Declared Dividend • May 27Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 23rd June 2026 Payment date: 20th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 6.3% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years.Upcoming Dividend • Jun 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.0%).Declared Dividend • May 25Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 23rd June 2025 Payment date: 18th July 2025 Dividend yield will be 5.4%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.0% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.9% EPS decline seen over the last 5 years.お知らせ • Apr 11Topco Technologies Corp. Announces Distribution of Dividend on Behalf of Subsidiary,Topco Investment Holding IncTopco Technologies Corp. announced distribution of dividend on behalf of subsidiary,TOPCO INVESTMENT HOLDING INC. Type and monetary amount of dividend distribution: Cash Dividend RMB 31,000,000.Upcoming Dividend • Jun 21Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).Declared Dividend • Jun 03Dividend of NT$3.10 announcedShareholders will receive a dividend of NT$3.10. Ex-date: 28th June 2024 Payment date: 26th July 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesDeclared Dividend • May 27Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 23rd June 2026 Payment date: 20th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 6.3% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$92.90, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 19x in the Trade Distributors industry in Taiwan. Total returns to shareholders of 48% over the past three years.New Risk • May 15New 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 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.94 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.94 in 1Q 2025). Revenue: NT$2.00b (up 13% from 1Q 2025). Net income: NT$88.7m (up 27% from 1Q 2025). Profit margin: 4.4% (up from 3.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$82.10, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 18x in the Trade Distributors industry in Taiwan. Total returns to shareholders of 29% over the past three years.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$4.15 (vs NT$4.09 in FY 2024)Full year 2025 results: EPS: NT$4.15 (up from NT$4.09 in FY 2024). Revenue: NT$7.36b (down 2.7% from FY 2024). Net income: NT$307.5m (up 1.4% from FY 2024). Profit margin: 4.2% (up from 4.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.お知らせ • Mar 04Topco Technologies Corp., Annual General Meeting, May 25, 2026Topco Technologies Corp., Annual General Meeting, May 25, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,100, tun hua n. rd., songshan district, taipei city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.18 (vs NT$1.15 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.18 (up from NT$1.15 in 3Q 2024). Revenue: NT$1.83b (down 7.1% from 3Q 2024). Net income: NT$87.1m (up 2.1% from 3Q 2024). Profit margin: 4.7% (up from 4.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.01 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.01 in 2Q 2024). Revenue: NT$1.92b (flat on 2Q 2024). Net income: NT$70.3m (down 6.1% from 2Q 2024). Profit margin: 3.7% (down from 3.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 12Now 20% overvaluedOver the last 90 days, the stock has fallen 4.3% to NT$61.90. The fair value is estimated to be NT$51.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 31%.Upcoming Dividend • Jun 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.0%).Declared Dividend • May 25Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 23rd June 2025 Payment date: 18th July 2025 Dividend yield will be 5.4%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.0% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.9% EPS decline seen over the last 5 years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.94 (vs NT$0.84 in 1Q 2024)First quarter 2025 results: EPS: NT$0.94 (up from NT$0.84 in 1Q 2024). Revenue: NT$1.77b (flat on 1Q 2024). Net income: NT$69.6m (up 12% from 1Q 2024). Profit margin: 3.9% (up from 3.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Apr 24Topco Technologies Corp. to Report Q1, 2025 Results on May 07, 2025Topco Technologies Corp. announced that they will report Q1, 2025 results on May 07, 2025お知らせ • Apr 11Topco Technologies Corp. Announces Distribution of Dividend on Behalf of Subsidiary,Topco Investment Holding IncTopco Technologies Corp. announced distribution of dividend on behalf of subsidiary,TOPCO INVESTMENT HOLDING INC. Type and monetary amount of dividend distribution: Cash Dividend RMB 31,000,000.Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$4.09 (vs NT$3.52 in FY 2023)Full year 2024 results: EPS: NT$4.09 (up from NT$3.52 in FY 2023). Revenue: NT$7.57b (up 8.0% from FY 2023). Net income: NT$303.2m (up 16% from FY 2023). Profit margin: 4.0% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Mar 07Topco Technologies Corp., Annual General Meeting, May 23, 2025Topco Technologies Corp., Annual General Meeting, May 23, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,100, tun hua n. rd., songshan district, taipei city Taiwanお知らせ • Feb 20Topco Technologies Corp. to Report Fiscal Year 2024 Results on Mar 05, 2025Topco Technologies Corp. announced that they will report fiscal year 2024 results at 2:30 PM, Taipei Standard Time on Mar 05, 2025New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 6.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 16x cash flows per share).Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.15 (up from NT$1.11 in 3Q 2023). Revenue: NT$1.97b (up 9.9% from 3Q 2023). Net income: NT$85.3m (up 3.9% from 3Q 2023). Profit margin: 4.3% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Oct 24Topco Technologies Corp. to Report Q3, 2024 Results on Nov 06, 2024Topco Technologies Corp. announced that they will report Q3, 2024 results on Nov 06, 2024Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$1.01 (up from NT$0.77 in 2Q 2023). Revenue: NT$1.92b (up 13% from 2Q 2023). Net income: NT$74.8m (up 31% from 2Q 2023). Profit margin: 3.9% (up from 3.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Jul 27Topco Technologies Corp. to Report Q2, 2024 Results on Aug 09, 2024Topco Technologies Corp. announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jun 21Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).Declared Dividend • Jun 03Dividend of NT$3.10 announcedShareholders will receive a dividend of NT$3.10. Ex-date: 28th June 2024 Payment date: 26th July 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 01Topco Technologies Corp. Announces Dividend, Payable on July 26, 2024Topco Technologies Corp. announces monetary amount of dividend distribution is retained earning TWD 229,593,310, payable on July 26, 2024. Ex-rights (Ex-dividend) date June 28, 2024. Ex-rights (Ex-dividend) record date is July 6, 2024.Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.84 (up from NT$0.68 in 1Q 2023). Revenue: NT$1.76b (up 2.4% from 1Q 2023). Net income: NT$62.0m (up 23% from 1Q 2023). Profit margin: 3.5% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Apr 28Topco Technologies Corp. to Report Q1, 2024 Results on May 09, 2024Topco Technologies Corp. announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Mar 16Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$3.52 (down from NT$6.30 in FY 2022). Revenue: NT$7.00b (down 20% from FY 2022). Net income: NT$260.8m (down 44% from FY 2022). Profit margin: 3.7% (down from 5.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Buy Or Sell Opportunity • Feb 20Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$72.90. The fair value is estimated to be NT$60.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.77 (vs NT$2.02 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.77 (down from NT$2.02 in 2Q 2022). Revenue: NT$1.70b (down 29% from 2Q 2022). Net income: NT$57.0m (down 62% from 2Q 2022). Profit margin: 3.4% (down from 6.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Jun 22Upcoming dividend of NT$4.41 per share at 6.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.9%).Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$6.30 (vs NT$8.04 in FY 2021)Full year 2022 results: EPS: NT$6.30 (down from NT$8.04 in FY 2021). Revenue: NT$8.70b (down 7.7% from FY 2021). Net income: NT$466.4m (down 22% from FY 2021). Profit margin: 5.4% (down from 6.3% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Frank Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: NT$1.58 (vs NT$2.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.58 (down from NT$2.12 in 3Q 2021). Revenue: NT$2.16b (down 13% from 3Q 2021). Net income: NT$116.9m (down 26% from 3Q 2021). Profit margin: 5.4% (down from 6.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.02 (vs NT$1.92 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.02 (up from NT$1.92 in 2Q 2021). Revenue: NT$2.38b (up 6.7% from 2Q 2021). Net income: NT$149.7m (up 5.3% from 2Q 2021). Profit margin: 6.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 09Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (5.4%).お知らせ • Jun 02Topco Technologies Corp. Announces Board AppointmentsTopco Technologies Corp. announced establish the audit committee: Name of the new position holder: Independent Director, Meng-Shiou Lee; Independent Director, Ming-Hui Kuo; Independent Director, Shou-Lu Chang.お知らせ • Jun 01Topco Technologies Corp. Announces Dividend, Payable on July 8, 2022Topco Technologies Corp. announced dividend of $6.0 per share. Ex-rights (Ex-dividend) date: June 16, 2022. Last date before book closure: June 18, 2022. Payment date of cash dividend distribution: July 8, 2022.Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$2.17 (up from NT$1.88 in 1Q 2021). Revenue: NT$2.37b (up 7.0% from 1Q 2021). Net income: NT$160.8m (up 15% from 1Q 2021). Profit margin: 6.8% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Meng-Shiou Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$8.04 (up from NT$5.32 in FY 2020). Revenue: NT$9.43b (up 19% from FY 2020). Net income: NT$595.4m (up 51% from FY 2020). Profit margin: 6.3% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$2.12 (vs NT$1.39 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.47b (up 18% from 3Q 2020). Net income: NT$157.1m (up 53% from 3Q 2020). Profit margin: 6.4% (up from 4.9% 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 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.92 (vs NT$1.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.23b (up 18% from 2Q 2020). Net income: NT$142.1m (up 50% from 2Q 2020). Profit margin: 6.4% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 13Upcoming dividend of NT$4.30 per shareEligible shareholders must have bought the stock before 20 July 2021. Payment date: 09 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.9%).Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.88 (vs NT$1.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.21b (up 26% from 1Q 2020). Net income: NT$139.5m (up 66% from 1Q 2020). Profit margin: 6.3% (up from 4.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% 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.分析記事 • Mar 25Returns At Topco Technologies (GTSM:3388) Appear To Be Weighed DownIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$5.32 (vs NT$5.10 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$7.91b (up 1.8% from FY 2019). Net income: NT$394.2m (up 4.9% from FY 2019). Profit margin: 5.0% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 10Topco Technologies Corp., Annual General Meeting, May 28, 2021Topco Technologies Corp., Annual General Meeting, May 28, 2021. Location: 14F.,N0.102,SEC.4,CIVIC BLVD.,DA-AN DISTRICT Taipei City Taiwan Agenda: To consider 2020 business report; to supervisor's review report; to 2020 report on distribution of remuneration of employee; to accept 2020 business report and financial statements; to amendment to the articles of incorporation; to amendment to the rules of procedure for shareholder meetings; and to consider other matter.Is New 90 Day High Low • Mar 09New 90-day high: NT$73.00The company is up 8.0% from its price of NT$67.80 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is flat over the same period.分析記事 • Mar 08These 4 Measures Indicate That Topco Technologies (GTSM:3388) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Feb 15How Does Topco Technologies Corp. (GTSM:3388) Fare As A Dividend Stock?Dividend paying stocks like Topco Technologies Corp. ( GTSM:3388 ) tend to be popular with investors, and for good...分析記事 • Jan 24Topco Technologies Corp.'s (GTSM:3388) Stock Has Shown A Decent Performance: Have Financials A Role To Play?Topco Technologies' (GTSM:3388) stock up by 6.9% over the past three months. As most would know, long-term fundamentals...分析記事 • Jan 02Shareholders Of Topco Technologies (GTSM:3388) Must Be Happy With Their 55% ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...分析記事 • Dec 15Is Topco Technologies (GTSM:3388) Likely To Turn Things Around?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Dec 08New 90-day high: NT$67.80The company is up 8.0% from its price of NT$62.90 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 9.0% over the same period.分析記事 • Nov 24Topco Technologies (GTSM:3388) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Nov 05New 90-day high: NT$64.20The company is up 1.0% from its price of NT$63.80 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 2.0% over the same period.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$1.39The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$2.10b (up 1.2% from 3Q 2019). Net income: NT$102.9m (up 2.1% from 3Q 2019). Profit margin: 4.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Sep 22New 90-day low: NT$62.50The company is down 2.0% from its price of NT$63.60 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also down 2.0% over the same period.決済の安定と成長配当データの取得安定した配当: 3388の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 3388の配当金支払額は過去10年間減少しています。配当利回り対市場Topco Technologies 配当利回り対市場3388 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (3388)4.1%市場下位25% (TW)1.4%市場トップ25% (TW)4.9%業界平均 (Trade Distributors)3.5%アナリスト予想 (3388) (最長3年)n/a注目すべき配当: 3388の配当金 ( 4.07% ) はTW市場の配当金支払者の下位 25% ( 1.4% ) よりも高くなっています。高配当: 3388の配当金 ( 4.07% ) はTW市場の配当金支払者の上位 25% ( 4.93% ) と比較すると低いです。株主への利益配当収益カバレッジ: 現在の配当性向（ 79.4% ）では、 3388の支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: 3388は高い 現金配当性向 ( 145% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/07/02 06:46終値2026/07/02 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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Topco Technologies Corp. 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。2 アナリスト機関Michael TsaiCapital Securities CorporationLinghui ChiouMasterlink Securities Investment Advisory
Declared Dividend • May 27Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 23rd June 2026 Payment date: 20th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 6.3% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.0%).
Declared Dividend • May 25Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 23rd June 2025 Payment date: 18th July 2025 Dividend yield will be 5.4%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.0% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.9% EPS decline seen over the last 5 years.
お知らせ • Apr 11Topco Technologies Corp. Announces Distribution of Dividend on Behalf of Subsidiary,Topco Investment Holding IncTopco Technologies Corp. announced distribution of dividend on behalf of subsidiary,TOPCO INVESTMENT HOLDING INC. Type and monetary amount of dividend distribution: Cash Dividend RMB 31,000,000.
Upcoming Dividend • Jun 21Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).
Declared Dividend • Jun 03Dividend of NT$3.10 announcedShareholders will receive a dividend of NT$3.10. Ex-date: 28th June 2024 Payment date: 26th July 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • May 27Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 23rd June 2026 Payment date: 20th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 6.3% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$92.90, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 19x in the Trade Distributors industry in Taiwan. Total returns to shareholders of 48% over the past three years.
New Risk • May 15New 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 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.94 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.94 in 1Q 2025). Revenue: NT$2.00b (up 13% from 1Q 2025). Net income: NT$88.7m (up 27% from 1Q 2025). Profit margin: 4.4% (up from 3.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$82.10, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 18x in the Trade Distributors industry in Taiwan. Total returns to shareholders of 29% over the past three years.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$4.15 (vs NT$4.09 in FY 2024)Full year 2025 results: EPS: NT$4.15 (up from NT$4.09 in FY 2024). Revenue: NT$7.36b (down 2.7% from FY 2024). Net income: NT$307.5m (up 1.4% from FY 2024). Profit margin: 4.2% (up from 4.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.
お知らせ • Mar 04Topco Technologies Corp., Annual General Meeting, May 25, 2026Topco Technologies Corp., Annual General Meeting, May 25, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,100, tun hua n. rd., songshan district, taipei city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.18 (vs NT$1.15 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.18 (up from NT$1.15 in 3Q 2024). Revenue: NT$1.83b (down 7.1% from 3Q 2024). Net income: NT$87.1m (up 2.1% from 3Q 2024). Profit margin: 4.7% (up from 4.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.01 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.01 in 2Q 2024). Revenue: NT$1.92b (flat on 2Q 2024). Net income: NT$70.3m (down 6.1% from 2Q 2024). Profit margin: 3.7% (down from 3.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 12Now 20% overvaluedOver the last 90 days, the stock has fallen 4.3% to NT$61.90. The fair value is estimated to be NT$51.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 31%.
Upcoming Dividend • Jun 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 18 July 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.0%).
Declared Dividend • May 25Dividend of NT$3.50 announcedShareholders will receive a dividend of NT$3.50. Ex-date: 23rd June 2025 Payment date: 18th July 2025 Dividend yield will be 5.4%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.0% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.9% EPS decline seen over the last 5 years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.94 (vs NT$0.84 in 1Q 2024)First quarter 2025 results: EPS: NT$0.94 (up from NT$0.84 in 1Q 2024). Revenue: NT$1.77b (flat on 1Q 2024). Net income: NT$69.6m (up 12% from 1Q 2024). Profit margin: 3.9% (up from 3.5% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 24Topco Technologies Corp. to Report Q1, 2025 Results on May 07, 2025Topco Technologies Corp. announced that they will report Q1, 2025 results on May 07, 2025
お知らせ • Apr 11Topco Technologies Corp. Announces Distribution of Dividend on Behalf of Subsidiary,Topco Investment Holding IncTopco Technologies Corp. announced distribution of dividend on behalf of subsidiary,TOPCO INVESTMENT HOLDING INC. Type and monetary amount of dividend distribution: Cash Dividend RMB 31,000,000.
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$4.09 (vs NT$3.52 in FY 2023)Full year 2024 results: EPS: NT$4.09 (up from NT$3.52 in FY 2023). Revenue: NT$7.57b (up 8.0% from FY 2023). Net income: NT$303.2m (up 16% from FY 2023). Profit margin: 4.0% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 07Topco Technologies Corp., Annual General Meeting, May 23, 2025Topco Technologies Corp., Annual General Meeting, May 23, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,100, tun hua n. rd., songshan district, taipei city Taiwan
お知らせ • Feb 20Topco Technologies Corp. to Report Fiscal Year 2024 Results on Mar 05, 2025Topco Technologies Corp. announced that they will report fiscal year 2024 results at 2:30 PM, Taipei Standard Time on Mar 05, 2025
New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 6.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 16x cash flows per share).
Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.15 (up from NT$1.11 in 3Q 2023). Revenue: NT$1.97b (up 9.9% from 3Q 2023). Net income: NT$85.3m (up 3.9% from 3Q 2023). Profit margin: 4.3% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 24Topco Technologies Corp. to Report Q3, 2024 Results on Nov 06, 2024Topco Technologies Corp. announced that they will report Q3, 2024 results on Nov 06, 2024
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$1.01 (up from NT$0.77 in 2Q 2023). Revenue: NT$1.92b (up 13% from 2Q 2023). Net income: NT$74.8m (up 31% from 2Q 2023). Profit margin: 3.9% (up from 3.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 27Topco Technologies Corp. to Report Q2, 2024 Results on Aug 09, 2024Topco Technologies Corp. announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jun 21Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.4%).
Declared Dividend • Jun 03Dividend of NT$3.10 announcedShareholders will receive a dividend of NT$3.10. Ex-date: 28th June 2024 Payment date: 26th July 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 01Topco Technologies Corp. Announces Dividend, Payable on July 26, 2024Topco Technologies Corp. announces monetary amount of dividend distribution is retained earning TWD 229,593,310, payable on July 26, 2024. Ex-rights (Ex-dividend) date June 28, 2024. Ex-rights (Ex-dividend) record date is July 6, 2024.
Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.84 (up from NT$0.68 in 1Q 2023). Revenue: NT$1.76b (up 2.4% from 1Q 2023). Net income: NT$62.0m (up 23% from 1Q 2023). Profit margin: 3.5% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Topco Technologies Corp. to Report Q1, 2024 Results on May 09, 2024Topco Technologies Corp. announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Mar 16Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$3.52 (down from NT$6.30 in FY 2022). Revenue: NT$7.00b (down 20% from FY 2022). Net income: NT$260.8m (down 44% from FY 2022). Profit margin: 3.7% (down from 5.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Feb 20Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$72.90. The fair value is estimated to be NT$60.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 70% in the next 2 years.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.77 (vs NT$2.02 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.77 (down from NT$2.02 in 2Q 2022). Revenue: NT$1.70b (down 29% from 2Q 2022). Net income: NT$57.0m (down 62% from 2Q 2022). Profit margin: 3.4% (down from 6.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Jun 22Upcoming dividend of NT$4.41 per share at 6.0% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.9%).
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$6.30 (vs NT$8.04 in FY 2021)Full year 2022 results: EPS: NT$6.30 (down from NT$8.04 in FY 2021). Revenue: NT$8.70b (down 7.7% from FY 2021). Net income: NT$466.4m (down 22% from FY 2021). Profit margin: 5.4% (down from 6.3% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Frank Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: NT$1.58 (vs NT$2.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.58 (down from NT$2.12 in 3Q 2021). Revenue: NT$2.16b (down 13% from 3Q 2021). Net income: NT$116.9m (down 26% from 3Q 2021). Profit margin: 5.4% (down from 6.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.02 (vs NT$1.92 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.02 (up from NT$1.92 in 2Q 2021). Revenue: NT$2.38b (up 6.7% from 2Q 2021). Net income: NT$149.7m (up 5.3% from 2Q 2021). Profit margin: 6.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 09Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (5.4%).
お知らせ • Jun 02Topco Technologies Corp. Announces Board AppointmentsTopco Technologies Corp. announced establish the audit committee: Name of the new position holder: Independent Director, Meng-Shiou Lee; Independent Director, Ming-Hui Kuo; Independent Director, Shou-Lu Chang.
お知らせ • Jun 01Topco Technologies Corp. Announces Dividend, Payable on July 8, 2022Topco Technologies Corp. announced dividend of $6.0 per share. Ex-rights (Ex-dividend) date: June 16, 2022. Last date before book closure: June 18, 2022. Payment date of cash dividend distribution: July 8, 2022.
Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$2.17 (up from NT$1.88 in 1Q 2021). Revenue: NT$2.37b (up 7.0% from 1Q 2021). Net income: NT$160.8m (up 15% from 1Q 2021). Profit margin: 6.8% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Meng-Shiou Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$8.04 (up from NT$5.32 in FY 2020). Revenue: NT$9.43b (up 19% from FY 2020). Net income: NT$595.4m (up 51% from FY 2020). Profit margin: 6.3% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$2.12 (vs NT$1.39 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.47b (up 18% from 3Q 2020). Net income: NT$157.1m (up 53% from 3Q 2020). Profit margin: 6.4% (up from 4.9% 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 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.92 (vs NT$1.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.23b (up 18% from 2Q 2020). Net income: NT$142.1m (up 50% from 2Q 2020). Profit margin: 6.4% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 13Upcoming dividend of NT$4.30 per shareEligible shareholders must have bought the stock before 20 July 2021. Payment date: 09 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.9%).
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.88 (vs NT$1.14 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.21b (up 26% from 1Q 2020). Net income: NT$139.5m (up 66% from 1Q 2020). Profit margin: 6.3% (up from 4.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% 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.
分析記事 • Mar 25Returns At Topco Technologies (GTSM:3388) Appear To Be Weighed DownIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$5.32 (vs NT$5.10 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$7.91b (up 1.8% from FY 2019). Net income: NT$394.2m (up 4.9% from FY 2019). Profit margin: 5.0% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 10Topco Technologies Corp., Annual General Meeting, May 28, 2021Topco Technologies Corp., Annual General Meeting, May 28, 2021. Location: 14F.,N0.102,SEC.4,CIVIC BLVD.,DA-AN DISTRICT Taipei City Taiwan Agenda: To consider 2020 business report; to supervisor's review report; to 2020 report on distribution of remuneration of employee; to accept 2020 business report and financial statements; to amendment to the articles of incorporation; to amendment to the rules of procedure for shareholder meetings; and to consider other matter.
Is New 90 Day High Low • Mar 09New 90-day high: NT$73.00The company is up 8.0% from its price of NT$67.80 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is flat over the same period.
分析記事 • Mar 08These 4 Measures Indicate That Topco Technologies (GTSM:3388) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Feb 15How Does Topco Technologies Corp. (GTSM:3388) Fare As A Dividend Stock?Dividend paying stocks like Topco Technologies Corp. ( GTSM:3388 ) tend to be popular with investors, and for good...
分析記事 • Jan 24Topco Technologies Corp.'s (GTSM:3388) Stock Has Shown A Decent Performance: Have Financials A Role To Play?Topco Technologies' (GTSM:3388) stock up by 6.9% over the past three months. As most would know, long-term fundamentals...
分析記事 • Jan 02Shareholders Of Topco Technologies (GTSM:3388) Must Be Happy With Their 55% ReturnIf you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
分析記事 • Dec 15Is Topco Technologies (GTSM:3388) Likely To Turn Things Around?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Dec 08New 90-day high: NT$67.80The company is up 8.0% from its price of NT$62.90 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 9.0% over the same period.
分析記事 • Nov 24Topco Technologies (GTSM:3388) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Nov 05New 90-day high: NT$64.20The company is up 1.0% from its price of NT$63.80 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 2.0% over the same period.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$1.39The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$2.10b (up 1.2% from 3Q 2019). Net income: NT$102.9m (up 2.1% from 3Q 2019). Profit margin: 4.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Sep 22New 90-day low: NT$62.50The company is down 2.0% from its price of NT$63.60 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also down 2.0% over the same period.