Tons Lightology（4972）株式概要Tons Lightology Inc.は、その子会社とともに、台湾、アジア、ヨーロッパ、オセアニア、および国際的に商業照明製品を設計・製造している。 詳細4972 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3/6配当金0/6リスク分析過去5年間で収益は年間63.3%減少しました。 意味のある時価総額がありません ( NT$928M )すべてのリスクチェックを見る4972 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$16.4552.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-113m1b2016201920222025202620282031Revenue NT$1.0bEarnings NT$87.3mAdvancedSet Fair ValueView all narrativesTons Lightology Inc. 競合他社New Advanced Electronics TechnologiesSymbol: TPEX:3465Market cap: NT$950.4mMedieraSymbol: TPEX:5398Market cap: NT$905.2mFeng Ching MetalSymbol: TPEX:2061Market cap: NT$1.4bSunf Pu TechnologySymbol: TPEX:5488Market cap: NT$1.1b価格と性能株価の高値、安値、推移の概要Tons Lightology過去の株価現在の株価NT$16.4552週高値NT$21.3052週安値NT$16.25ベータ-0.0351ヶ月の変化-2.95%3ヶ月変化n/a1年変化-21.85%3年間の変化-43.37%5年間の変化-51.26%IPOからの変化-72.69%最新ニュースReported Earnings • May 05First quarter 2026 earnings released: NT$0.49 loss per share (vs NT$0.33 loss in 1Q 2025)First quarter 2026 results: NT$0.49 loss per share (further deteriorated from NT$0.33 loss in 1Q 2025). Revenue: NT$217.0m (down 3.8% from 1Q 2025). Net loss: NT$27.6m (loss widened 48% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.お知らせ • Mar 02Tons Lightology Inc., Annual General Meeting, May 28, 2026Tons Lightology Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,8, hsien min ta ta, banciao district, new taipei city TaiwanReported Earnings • Feb 28Full year 2025 earnings released: NT$1.84 loss per share (vs NT$0.004 profit in FY 2024)Full year 2025 results: NT$1.84 loss per share (down from NT$0.004 profit in FY 2024). Revenue: NT$932.9m (down 23% from FY 2024). Net loss: NT$104.2m (down NT$104.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.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. 5 non-independent directors. Independent Director Tsung-Nan Chou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 01Third quarter 2025 earnings released: NT$0.62 loss per share (vs NT$0.056 loss in 3Q 2024)Third quarter 2025 results: NT$0.62 loss per share (further deteriorated from NT$0.056 loss in 3Q 2024). Revenue: NT$203.6m (down 36% from 3Q 2024). Net loss: NT$34.9m (loss widened NT$31.7m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 31Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$248.2m (down 25% from 2Q 2024). Net loss: NT$35.8m (down 476% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesReported Earnings • May 05First quarter 2026 earnings released: NT$0.49 loss per share (vs NT$0.33 loss in 1Q 2025)First quarter 2026 results: NT$0.49 loss per share (further deteriorated from NT$0.33 loss in 1Q 2025). Revenue: NT$217.0m (down 3.8% from 1Q 2025). Net loss: NT$27.6m (loss widened 48% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.お知らせ • Mar 02Tons Lightology Inc., Annual General Meeting, May 28, 2026Tons Lightology Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,8, hsien min ta ta, banciao district, new taipei city TaiwanReported Earnings • Feb 28Full year 2025 earnings released: NT$1.84 loss per share (vs NT$0.004 profit in FY 2024)Full year 2025 results: NT$1.84 loss per share (down from NT$0.004 profit in FY 2024). Revenue: NT$932.9m (down 23% from FY 2024). Net loss: NT$104.2m (down NT$104.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.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. 5 non-independent directors. Independent Director Tsung-Nan Chou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 01Third quarter 2025 earnings released: NT$0.62 loss per share (vs NT$0.056 loss in 3Q 2024)Third quarter 2025 results: NT$0.62 loss per share (further deteriorated from NT$0.056 loss in 3Q 2024). Revenue: NT$203.6m (down 36% from 3Q 2024). Net loss: NT$34.9m (loss widened NT$31.7m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 31Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$248.2m (down 25% from 2Q 2024). Net loss: NT$35.8m (down 476% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • May 04First quarter 2025 earnings released: NT$0.33 loss per share (vs NT$0.31 loss in 1Q 2024)First quarter 2025 results: NT$0.33 loss per share (further deteriorated from NT$0.31 loss in 1Q 2024). Revenue: NT$225.6m (down 4.6% from 1Q 2024). Net loss: NT$18.6m (loss widened 5.1% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.お知らせ • Apr 23Tons Lightology Inc. to Report Q1, 2025 Results on Apr 30, 2025Tons Lightology Inc. announced that they will report Q1, 2025 results on Apr 30, 2025Upcoming Dividend • Mar 16Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 21 March 2025. Payment date: 25 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.5%).New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 205x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.02% net profit margin). Market cap is less than US$100m (NT$1.37b market cap, or US$41.5m).お知らせ • Mar 04Tons Lightology Inc., Annual General Meeting, May 23, 2025Tons Lightology Inc., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,88, min ch`uan rd., banciao district, new taipei city TaiwanReported Earnings • Mar 04Full year 2024 earnings releasedFull year 2024 results: Revenue: NT$1.22b (up 50% from FY 2023). Net income: NT$224.0k (down 100% from FY 2023). Profit margin: 0% (down from 6.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 57% 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.Declared Dividend • Mar 01Dividend increased to NT$0.80Dividend of NT$0.80 is 14% higher than last year. Ex-date: 21st March 2025 Payment date: 25th April 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio) nor is it covered by cash flows (300% 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 grow by 5.1% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 28Tons Lightology Inc. announces Annual dividend, payable on April 25, 2025Tons Lightology Inc. announced Annual dividend of TWD 0.8000 per share payable on April 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025.お知らせ • Feb 20Tons Lightology Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025Tons Lightology Inc. announced that they will report fiscal year 2024 results on Feb 27, 2025Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$23.90, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total loss to shareholders of 12% over the past three years.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 300% Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$1.18b market cap, or US$35.8m).Reported Earnings • Oct 29Third quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.059 profit in 3Q 2023)Third quarter 2024 results: NT$0.06 loss per share (down from NT$0.059 profit in 3Q 2023). Revenue: NT$318.7m (up 67% from 3Q 2023). Net loss: NT$3.21m (down 239% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Oct 17Tons Lightology Inc. to Report Q3, 2024 Results on Oct 24, 2024Tons Lightology Inc. announced that they will report Q3, 2024 results on Oct 24, 2024Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.18 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (up from NT$0.18 loss in 2Q 2023). Revenue: NT$330.6m (up 82% from 2Q 2023). Net income: NT$9.52m (up NT$16.6m from 2Q 2023). Profit margin: 2.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% 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.お知らせ • Jul 23Tons Lightology Inc. to Report Q2, 2024 Results on Jul 30, 2024Tons Lightology Inc. announced that they will report Q2, 2024 results on Jul 30, 2024お知らせ • May 09Tons Lightology Inc. to Report Q1, 2024 Results on May 08, 2024Tons Lightology Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024Reported Earnings • May 04First quarter 2024 earnings released: NT$0.31 loss per share (vs NT$0.024 profit in 1Q 2023)First quarter 2024 results: NT$0.31 loss per share (down from NT$0.024 profit in 1Q 2023). Revenue: NT$236.5m (up 46% from 1Q 2023). Net loss: NT$17.7m (down NT$18.7m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 21Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.7%). In line with average of industry peers (2.4%).New Risk • Mar 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% 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: Minor Risks Dividend is not well covered by earnings (306% payout ratio). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (NT$1.66b market cap, or US$52.7m).Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$1.16 (vs NT$1.35 in FY 2022)Full year 2023 results: EPS: NT$1.16 (down from NT$1.35 in FY 2022). Revenue: NT$811.9m (down 11% from FY 2022). Net income: NT$49.1m (down 6.3% from FY 2022). Profit margin: 6.0% (up from 5.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% 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.Declared Dividend • Feb 29Dividend of NT$0.70 announcedShareholders will receive a dividend of NT$0.70. Ex-date: 28th March 2024 Payment date: 26th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (306% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 239% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 28Tons Lightology Inc., Annual General Meeting, May 29, 2024Tons Lightology Inc., Annual General Meeting, May 29, 2024. Location: No. 88, Minquan Road Banqiao Dist New Taipei City Taiwan Agenda: To consider Proposal for report of the Company's Operation of 2023; to consider Proposal for audit committee examination report on statements and records of 2023; to consider report on distribution of remuneration for employees and directors; to consider Directors and managers’ performance evaluation results and relevance and rationality report on their salary remuneration; to consider Report on remuneration of individual directors; to consider Report on 2023 Cash Dividend Payout case; to consider Report on the execution status of the company's share conversion case with Strong LED Lighting Systems (Cayman)Co., Ltd; to consider Proposal for recognizing the Reports on Operating and Financial Status in 2023; to consider recognizing distribution of retained earning of 2023; and to consider deregulating the non-compete clauses on newly-elected directors.お知らせ • Nov 02Tons Lightology Inc. on Behalf of Strongled Lighting Systems (Cayman)Co., Ltd. Announces Board ChangesTitle and name of the previous position holder: Institutional Director - GApollo Star Group Ltd. representative-CHANG,Chia-Jui; Institutional Director r- GGlory City Worldwide Limited. representative-CHANG SHIH,Pei-Jen. Director- GTSENG,Chih-Hung; Director- GHSIEH,Kun-Hsueh; Independent Director- GWANG,Min-Kuo; Independent Director- GLIAO,Chien-Chih. Title and name of the new position holder: Institutional Director GTons Lightology Inc. representative- TANG,Shin-Chuan. Institutional Director GTons Lightology Inc. representative-CHAN,Yi-Chen; Institutional Director GTons Lightology Inc. representative-WANG, Chih-Yuan. Resume of the new position holder: TANG,Shin-Chuan?GTons Lightology Inc.-Chairman; CHAN,Yi-Chen GTons Lightology Inc.-Assistant Vice President of Chairman office. WANG,Chih-Yuan GTons Lightology Inc.-Vice General Management. Effective date of the new appointment is October 31, 2023.お知らせ • Nov 01+ 2 more updatesTons Lightology Inc. on Behalf of Subsidiary, Strongled Announces Dismissal of Audit Committee Member and Remuneration Committee MemberTons Lightology Inc. announced on behalf of subsidiary, StrongLED related ipso facto dismissal of Audit Committee member and Remuneration Committee member. Name of the previous position holder: Independent Director-GWANG,Min-Kuo; Independent Director- GLIAO,Chien-Chih. Resume of the previous position holder: WANG,Min-Kuo-GHost of Wang Mingguo Architects Office; LIAO,Chien-Chih-GDirector of Ji Changtong Law Firm.Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.14 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.06 (down from NT$0.14 in 3Q 2022). Revenue: NT$190.7m (down 9.5% from 3Q 2022). Net income: NT$2.31m (down 56% from 3Q 2022). Profit margin: 1.2% (down from 2.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Oct 27Tons Lightology Inc. Announces Appointment of Nomination CommitteeTons Lightology Inc. announced establishment of nomination committee and appointment of members of nomination committee which includes CHOU, TSUNG-NAN, CHOU, LIANG-CHENG and LEE, SHYH-CHIN. Resume of the new position holder: CHOU, TSUNG-NAN /Edison Opto Corporation/Independent Director, CHOU, LIANG-CHENG /Jia Hua Attorneys-At-Law Firm, -Founding Attorney and LEE, SHYH-CHIN /Chunghwa Telecom Consultant. Effective date of the new member is October 26, 2023.Reported Earnings • Jul 29Second quarter 2023 earnings released: NT$0.18 loss per share (vs NT$0.34 profit in 2Q 2022)Second quarter 2023 results: NT$0.18 loss per share (down from NT$0.34 profit in 2Q 2022). Revenue: NT$182.2m (down 25% from 2Q 2022). Net loss: NT$7.04m (down 154% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Jul 29Tons Lightology Inc. Announces Remuneration Committee ChangesTons Lightology Inc. announced the Members of the fifth remuneration committee by the Board of Directors of the Company. Name of the previous position holder: Independent Director: HSU, CHUNG-YUAN, Adjunct Professor of Accounting, National Chengchi University; Independent Director:CHOU, LIANG-CHENG, Jia Hua Attorneys-At-Law Firm, Founding Attorney; Independent Director:LEE, SHYH-CHIN, Chunghwa Telecom Consultant. Name of the new position holder: Independent Director:CHOU, TSUNG-NAN, Edison Opto Corporation/Independent Director; Independent Director:CHOU, LIANG-CHENG, Jia Hua Attorneys-At-Law Firm, Founding Attorney; Independent Director:LEE, SHYH-CHIN, Chunghwa Telecom Consultant. Effective date of the new member is July 27, 2023.お知らせ • May 27+ 1 more updateTons Lightology Inc. Announces Audit Committee ChangesTons Lightology Inc. announced the appointment of CHOU, TSUNG-NAN, Independent Director as Member of Audit Committee in place of HSU, CHUNG-YUAN, Independent Director, effective May 25, 2023. HSU, CHUNG-YUAN is Adjunct Professor of Accounting, National Chengchi University and CHOU, TSUNG-NAN is Independent Director of Edison Opto Corporation.Upcoming Dividend • Mar 16Upcoming dividend of NT$1.62 per share at 5.4% yieldEligible shareholders must have bought the stock before 23 March 2023. Payment date: 20 April 2023. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (3.4%).Board Change • Nov 16Less 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 Shyh-Chin Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.14 (vs NT$1.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.14 (down from NT$1.02 in 3Q 2021). Revenue: NT$210.7m (down 33% from 3Q 2021). Net income: NT$5.26m (down 87% from 3Q 2021). Profit margin: 2.5% (down from 13% 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 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Buying Opportunity • Sep 28Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be NT$39.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: NT$0.33 (vs NT$0.24 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.33 (up from NT$0.24 in 2Q 2021). Revenue: NT$242.0m (up 13% from 2Q 2021). Net income: NT$13.0m (up 45% from 2Q 2021). Profit margin: 5.4% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 08Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 15 June 2022. Payment date: 18 July 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.5%).Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.25 (up from NT$0.011 in 1Q 2021). Revenue: NT$252.7m (up 15% from 1Q 2021). Net income: NT$9.64m (up NT$9.21m from 1Q 2021). Profit margin: 3.8% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less 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 Shyh-Chin Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 26Tons Lightology Inc., Annual General Meeting, May 26, 2022Tons Lightology Inc., Annual General Meeting, May 26, 2022. Location: No. 88, Minquan Road., Banqiao Dist. New Taipei City Taipei Taiwan Agenda: To consider proposal for report of the Company's Operation of 2021; to consider proposal for audit committee examination report on statements and records of 2021; to consider proposal for report on distribution of remuneration for employees and directors; to consider directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to consider report on remuneration of individual directors; and to consider report on 2021 Cash Dividend Payout case.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$1.05 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: NT$314.8m (up 39% from 3Q 2020). Net income: NT$39.5m (flat on 3Q 2020). Profit margin: 13% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS NT$0.24 (vs NT$1.19 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$213.7m (down 5.8% from 2Q 2020). Net income: NT$8.99m (down 80% from 2Q 2020). Profit margin: 4.2% (down from 20% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 09Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 16 July 2021. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.4%).Reported Earnings • May 02First quarter 2021 earnings released: EPS NT$0.01 (vs NT$1.13 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$219.4m (up 71% from 1Q 2020). Net income: NT$434.0k (up NT$44.7m from 1Q 2020). Profit margin: 0.2% (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 42% 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.分析記事 • Mar 29Tons Lightology (GTSM:4972) Is Finding It Tricky To Allocate Its CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...分析記事 • Mar 01Tons Lightology Inc.'s (GTSM:4972) Price Is Right But Growth Is LackingWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 20x, you may consider Tons...Reported Earnings • Feb 28Full year 2020 earnings released: EPS NT$2.08 (vs NT$2.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$809.0m (down 26% from FY 2019). Net income: NT$79.1m (down 25% from FY 2019). Profit margin: 9.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Feb 27Tons Lightology Inc., Annual General Meeting, May 27, 2021Tons Lightology Inc., Annual General Meeting, May 27, 2021. Location: 2F., No.236, Boai St., Shulin Dist Taipei Taiwan Agenda: To consider proposal for report of the Company's Operation of 2020; to consider proposal for audit committee examination report on statements and records of 2020; to consider proposal for report on distribution of remuneration for employees and directors; to consider Directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to consider Report on 2020 Cash Dividend Payout case; to consider proposal for recognizing the Reports on Operating and Financial Status in 2020 of the Company; to consider proposal for recognizing distribution of retained earnings of 2020; to consider proposal for amending Shareholders' Meeting Rules of the Company; to consider proposal for amending Procedures for Election of Directors; and to consider proposal for amending loans and funds operating procedures.Is New 90 Day High Low • Feb 23New 90-day high: NT$29.25The company is up 1.0% from its price of NT$29.05 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 14% over the same period.分析記事 • Feb 01Tons Lightology Inc.'s (GTSM:4972) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?Tons Lightology's (GTSM:4972) stock is up by 2.2% over the past three months. However, in this article, we decided to...分析記事 • Jan 04Should Tons Lightology Inc. (GTSM:4972) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Tons Lightology Inc. ( GTSM:4972 ) from a dividend investor's perspective. Owning a...分析記事 • Dec 07We Think Tons Lightology's (GTSM:4972) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Nov 21New 90-day high: NT$29.40The company is up 7.0% from its price of NT$27.35 on 21 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 5.0% over the same period.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$78.6m, with earnings increasing by NT$98.5m from the prior year. Total revenue was NT$862.8m over the last 12 months, down 19% from the prior year.株主還元4972TW ElectricalTW 市場7D0.3%-2.5%-1.2%1Y-21.9%33.2%90.3%株主還元を見る業界別リターン: 4972過去 1 年間で33.2 % の収益を上げたTW Electrical業界を下回りました。リターン対市場: 4972は、過去 1 年間で90.3 % のリターンを上げたTW市場を下回りました。価格変動Is 4972's price volatile compared to industry and market?4972 volatility4972 Average Weekly Movement1.1%Electrical Industry Average Movement6.3%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 4972 、 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: 4972の 週次ボラティリティ ( 1% ) 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1992676Chia-Cheng Hungwww.tonslight.comTons Lightology Inc.は、その子会社とともに、台湾、アジア、ヨーロッパ、オセアニア、および国際的に商業用照明製品を設計・製造している。同社は発光ダイオード、高輝度放電、蛍光灯、ハロゲン照明製品を提供している。屋内照明製品には、トラックと構造物、トラック用照明器具、埋め込み型ダウンライト、フレームレスおよび調整可能ダウンライト、アセンブリ、表面取り付け型シーリングライト、ペンダントライト、壁面ライト、ディスプレイスポットライト、リニアライト、タスクライト、マイクロトラックライトなどがある。同社の屋外照明製品は、屋外用ダウンライト、屋外用シーリングライト、屋外用ウォールライト、地中用ライト、プロジェクター、フラッドライト、ボラード、屋外用アクセサリーで構成されている。同社の製品は、建築用、店舗ディスプレイ用、住宅用、娯楽用、屋外エリア用、商業・産業用照明用途に使用されている。1992年に設立され、台湾の新北市に本社を置く。もっと見るTons Lightology Inc. 基礎のまとめTons Lightology の収益と売上を時価総額と比較するとどうか。4972 基礎統計学時価総額NT$927.59m収益（TTM）-NT$113.12m売上高(TTM)NT$924.33m1.0xP/Sレシオ-8.2xPER（株価収益率4972 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4972 損益計算書（TTM）収益NT$924.33m売上原価NT$685.00m売上総利益NT$239.33mその他の費用NT$352.45m収益-NT$113.12m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）-2.01グロス・マージン25.89%純利益率-12.24%有利子負債／自己資本比率2.1%4972 の長期的なパフォーマンスは？過去の実績と比較を見る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2026/05/22 14:34終値2026/05/22 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Tons Lightology Inc. 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Xi Hao BauCapital Securities Corporation
Reported Earnings • May 05First quarter 2026 earnings released: NT$0.49 loss per share (vs NT$0.33 loss in 1Q 2025)First quarter 2026 results: NT$0.49 loss per share (further deteriorated from NT$0.33 loss in 1Q 2025). Revenue: NT$217.0m (down 3.8% from 1Q 2025). Net loss: NT$27.6m (loss widened 48% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 02Tons Lightology Inc., Annual General Meeting, May 28, 2026Tons Lightology Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,8, hsien min ta ta, banciao district, new taipei city Taiwan
Reported Earnings • Feb 28Full year 2025 earnings released: NT$1.84 loss per share (vs NT$0.004 profit in FY 2024)Full year 2025 results: NT$1.84 loss per share (down from NT$0.004 profit in FY 2024). Revenue: NT$932.9m (down 23% from FY 2024). Net loss: NT$104.2m (down NT$104.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
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. 5 non-independent directors. Independent Director Tsung-Nan Chou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 01Third quarter 2025 earnings released: NT$0.62 loss per share (vs NT$0.056 loss in 3Q 2024)Third quarter 2025 results: NT$0.62 loss per share (further deteriorated from NT$0.056 loss in 3Q 2024). Revenue: NT$203.6m (down 36% from 3Q 2024). Net loss: NT$34.9m (loss widened NT$31.7m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 31Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$248.2m (down 25% from 2Q 2024). Net loss: NT$35.8m (down 476% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 05First quarter 2026 earnings released: NT$0.49 loss per share (vs NT$0.33 loss in 1Q 2025)First quarter 2026 results: NT$0.49 loss per share (further deteriorated from NT$0.33 loss in 1Q 2025). Revenue: NT$217.0m (down 3.8% from 1Q 2025). Net loss: NT$27.6m (loss widened 48% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 02Tons Lightology Inc., Annual General Meeting, May 28, 2026Tons Lightology Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,8, hsien min ta ta, banciao district, new taipei city Taiwan
Reported Earnings • Feb 28Full year 2025 earnings released: NT$1.84 loss per share (vs NT$0.004 profit in FY 2024)Full year 2025 results: NT$1.84 loss per share (down from NT$0.004 profit in FY 2024). Revenue: NT$932.9m (down 23% from FY 2024). Net loss: NT$104.2m (down NT$104.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
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. 5 non-independent directors. Independent Director Tsung-Nan Chou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 01Third quarter 2025 earnings released: NT$0.62 loss per share (vs NT$0.056 loss in 3Q 2024)Third quarter 2025 results: NT$0.62 loss per share (further deteriorated from NT$0.056 loss in 3Q 2024). Revenue: NT$203.6m (down 36% from 3Q 2024). Net loss: NT$34.9m (loss widened NT$31.7m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 31Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$248.2m (down 25% from 2Q 2024). Net loss: NT$35.8m (down 476% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 04First quarter 2025 earnings released: NT$0.33 loss per share (vs NT$0.31 loss in 1Q 2024)First quarter 2025 results: NT$0.33 loss per share (further deteriorated from NT$0.31 loss in 1Q 2024). Revenue: NT$225.6m (down 4.6% from 1Q 2024). Net loss: NT$18.6m (loss widened 5.1% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 23Tons Lightology Inc. to Report Q1, 2025 Results on Apr 30, 2025Tons Lightology Inc. announced that they will report Q1, 2025 results on Apr 30, 2025
Upcoming Dividend • Mar 16Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 21 March 2025. Payment date: 25 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.5%).
New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 205x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.02% net profit margin). Market cap is less than US$100m (NT$1.37b market cap, or US$41.5m).
お知らせ • Mar 04Tons Lightology Inc., Annual General Meeting, May 23, 2025Tons Lightology Inc., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,88, min ch`uan rd., banciao district, new taipei city Taiwan
Reported Earnings • Mar 04Full year 2024 earnings releasedFull year 2024 results: Revenue: NT$1.22b (up 50% from FY 2023). Net income: NT$224.0k (down 100% from FY 2023). Profit margin: 0% (down from 6.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 57% 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.
Declared Dividend • Mar 01Dividend increased to NT$0.80Dividend of NT$0.80 is 14% higher than last year. Ex-date: 21st March 2025 Payment date: 25th April 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio) nor is it covered by cash flows (300% 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 grow by 5.1% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 28Tons Lightology Inc. announces Annual dividend, payable on April 25, 2025Tons Lightology Inc. announced Annual dividend of TWD 0.8000 per share payable on April 25, 2025, ex-date on March 21, 2025 and record date on March 24, 2025.
お知らせ • Feb 20Tons Lightology Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025Tons Lightology Inc. announced that they will report fiscal year 2024 results on Feb 27, 2025
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$23.90, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total loss to shareholders of 12% over the past three years.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 300% Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$1.18b market cap, or US$35.8m).
Reported Earnings • Oct 29Third quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.059 profit in 3Q 2023)Third quarter 2024 results: NT$0.06 loss per share (down from NT$0.059 profit in 3Q 2023). Revenue: NT$318.7m (up 67% from 3Q 2023). Net loss: NT$3.21m (down 239% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 17Tons Lightology Inc. to Report Q3, 2024 Results on Oct 24, 2024Tons Lightology Inc. announced that they will report Q3, 2024 results on Oct 24, 2024
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.18 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (up from NT$0.18 loss in 2Q 2023). Revenue: NT$330.6m (up 82% from 2Q 2023). Net income: NT$9.52m (up NT$16.6m from 2Q 2023). Profit margin: 2.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% 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.
お知らせ • Jul 23Tons Lightology Inc. to Report Q2, 2024 Results on Jul 30, 2024Tons Lightology Inc. announced that they will report Q2, 2024 results on Jul 30, 2024
お知らせ • May 09Tons Lightology Inc. to Report Q1, 2024 Results on May 08, 2024Tons Lightology Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024
Reported Earnings • May 04First quarter 2024 earnings released: NT$0.31 loss per share (vs NT$0.024 profit in 1Q 2023)First quarter 2024 results: NT$0.31 loss per share (down from NT$0.024 profit in 1Q 2023). Revenue: NT$236.5m (up 46% from 1Q 2023). Net loss: NT$17.7m (down NT$18.7m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 21Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.7%). In line with average of industry peers (2.4%).
New Risk • Mar 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% 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: Minor Risks Dividend is not well covered by earnings (306% payout ratio). Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (NT$1.66b market cap, or US$52.7m).
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$1.16 (vs NT$1.35 in FY 2022)Full year 2023 results: EPS: NT$1.16 (down from NT$1.35 in FY 2022). Revenue: NT$811.9m (down 11% from FY 2022). Net income: NT$49.1m (down 6.3% from FY 2022). Profit margin: 6.0% (up from 5.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% 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.
Declared Dividend • Feb 29Dividend of NT$0.70 announcedShareholders will receive a dividend of NT$0.70. Ex-date: 28th March 2024 Payment date: 26th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (306% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 239% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 28Tons Lightology Inc., Annual General Meeting, May 29, 2024Tons Lightology Inc., Annual General Meeting, May 29, 2024. Location: No. 88, Minquan Road Banqiao Dist New Taipei City Taiwan Agenda: To consider Proposal for report of the Company's Operation of 2023; to consider Proposal for audit committee examination report on statements and records of 2023; to consider report on distribution of remuneration for employees and directors; to consider Directors and managers’ performance evaluation results and relevance and rationality report on their salary remuneration; to consider Report on remuneration of individual directors; to consider Report on 2023 Cash Dividend Payout case; to consider Report on the execution status of the company's share conversion case with Strong LED Lighting Systems (Cayman)Co., Ltd; to consider Proposal for recognizing the Reports on Operating and Financial Status in 2023; to consider recognizing distribution of retained earning of 2023; and to consider deregulating the non-compete clauses on newly-elected directors.
お知らせ • Nov 02Tons Lightology Inc. on Behalf of Strongled Lighting Systems (Cayman)Co., Ltd. Announces Board ChangesTitle and name of the previous position holder: Institutional Director - GApollo Star Group Ltd. representative-CHANG,Chia-Jui; Institutional Director r- GGlory City Worldwide Limited. representative-CHANG SHIH,Pei-Jen. Director- GTSENG,Chih-Hung; Director- GHSIEH,Kun-Hsueh; Independent Director- GWANG,Min-Kuo; Independent Director- GLIAO,Chien-Chih. Title and name of the new position holder: Institutional Director GTons Lightology Inc. representative- TANG,Shin-Chuan. Institutional Director GTons Lightology Inc. representative-CHAN,Yi-Chen; Institutional Director GTons Lightology Inc. representative-WANG, Chih-Yuan. Resume of the new position holder: TANG,Shin-Chuan?GTons Lightology Inc.-Chairman; CHAN,Yi-Chen GTons Lightology Inc.-Assistant Vice President of Chairman office. WANG,Chih-Yuan GTons Lightology Inc.-Vice General Management. Effective date of the new appointment is October 31, 2023.
お知らせ • Nov 01+ 2 more updatesTons Lightology Inc. on Behalf of Subsidiary, Strongled Announces Dismissal of Audit Committee Member and Remuneration Committee MemberTons Lightology Inc. announced on behalf of subsidiary, StrongLED related ipso facto dismissal of Audit Committee member and Remuneration Committee member. Name of the previous position holder: Independent Director-GWANG,Min-Kuo; Independent Director- GLIAO,Chien-Chih. Resume of the previous position holder: WANG,Min-Kuo-GHost of Wang Mingguo Architects Office; LIAO,Chien-Chih-GDirector of Ji Changtong Law Firm.
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.14 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.06 (down from NT$0.14 in 3Q 2022). Revenue: NT$190.7m (down 9.5% from 3Q 2022). Net income: NT$2.31m (down 56% from 3Q 2022). Profit margin: 1.2% (down from 2.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Oct 27Tons Lightology Inc. Announces Appointment of Nomination CommitteeTons Lightology Inc. announced establishment of nomination committee and appointment of members of nomination committee which includes CHOU, TSUNG-NAN, CHOU, LIANG-CHENG and LEE, SHYH-CHIN. Resume of the new position holder: CHOU, TSUNG-NAN /Edison Opto Corporation/Independent Director, CHOU, LIANG-CHENG /Jia Hua Attorneys-At-Law Firm, -Founding Attorney and LEE, SHYH-CHIN /Chunghwa Telecom Consultant. Effective date of the new member is October 26, 2023.
Reported Earnings • Jul 29Second quarter 2023 earnings released: NT$0.18 loss per share (vs NT$0.34 profit in 2Q 2022)Second quarter 2023 results: NT$0.18 loss per share (down from NT$0.34 profit in 2Q 2022). Revenue: NT$182.2m (down 25% from 2Q 2022). Net loss: NT$7.04m (down 154% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Jul 29Tons Lightology Inc. Announces Remuneration Committee ChangesTons Lightology Inc. announced the Members of the fifth remuneration committee by the Board of Directors of the Company. Name of the previous position holder: Independent Director: HSU, CHUNG-YUAN, Adjunct Professor of Accounting, National Chengchi University; Independent Director:CHOU, LIANG-CHENG, Jia Hua Attorneys-At-Law Firm, Founding Attorney; Independent Director:LEE, SHYH-CHIN, Chunghwa Telecom Consultant. Name of the new position holder: Independent Director:CHOU, TSUNG-NAN, Edison Opto Corporation/Independent Director; Independent Director:CHOU, LIANG-CHENG, Jia Hua Attorneys-At-Law Firm, Founding Attorney; Independent Director:LEE, SHYH-CHIN, Chunghwa Telecom Consultant. Effective date of the new member is July 27, 2023.
お知らせ • May 27+ 1 more updateTons Lightology Inc. Announces Audit Committee ChangesTons Lightology Inc. announced the appointment of CHOU, TSUNG-NAN, Independent Director as Member of Audit Committee in place of HSU, CHUNG-YUAN, Independent Director, effective May 25, 2023. HSU, CHUNG-YUAN is Adjunct Professor of Accounting, National Chengchi University and CHOU, TSUNG-NAN is Independent Director of Edison Opto Corporation.
Upcoming Dividend • Mar 16Upcoming dividend of NT$1.62 per share at 5.4% yieldEligible shareholders must have bought the stock before 23 March 2023. Payment date: 20 April 2023. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (3.4%).
Board Change • Nov 16Less 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 Shyh-Chin Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.14 (vs NT$1.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.14 (down from NT$1.02 in 3Q 2021). Revenue: NT$210.7m (down 33% from 3Q 2021). Net income: NT$5.26m (down 87% from 3Q 2021). Profit margin: 2.5% (down from 13% 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 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Buying Opportunity • Sep 28Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be NT$39.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: NT$0.33 (vs NT$0.24 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.33 (up from NT$0.24 in 2Q 2021). Revenue: NT$242.0m (up 13% from 2Q 2021). Net income: NT$13.0m (up 45% from 2Q 2021). Profit margin: 5.4% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 08Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 15 June 2022. Payment date: 18 July 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.5%).
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.25 (up from NT$0.011 in 1Q 2021). Revenue: NT$252.7m (up 15% from 1Q 2021). Net income: NT$9.64m (up NT$9.21m from 1Q 2021). Profit margin: 3.8% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less 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 Shyh-Chin Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 26Tons Lightology Inc., Annual General Meeting, May 26, 2022Tons Lightology Inc., Annual General Meeting, May 26, 2022. Location: No. 88, Minquan Road., Banqiao Dist. New Taipei City Taipei Taiwan Agenda: To consider proposal for report of the Company's Operation of 2021; to consider proposal for audit committee examination report on statements and records of 2021; to consider proposal for report on distribution of remuneration for employees and directors; to consider directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to consider report on remuneration of individual directors; and to consider report on 2021 Cash Dividend Payout case.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$1.05 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: NT$314.8m (up 39% from 3Q 2020). Net income: NT$39.5m (flat on 3Q 2020). Profit margin: 13% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS NT$0.24 (vs NT$1.19 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$213.7m (down 5.8% from 2Q 2020). Net income: NT$8.99m (down 80% from 2Q 2020). Profit margin: 4.2% (down from 20% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 09Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 16 July 2021. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.4%).
Reported Earnings • May 02First quarter 2021 earnings released: EPS NT$0.01 (vs NT$1.13 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$219.4m (up 71% from 1Q 2020). Net income: NT$434.0k (up NT$44.7m from 1Q 2020). Profit margin: 0.2% (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 42% 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.
分析記事 • Mar 29Tons Lightology (GTSM:4972) Is Finding It Tricky To Allocate Its CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
分析記事 • Mar 01Tons Lightology Inc.'s (GTSM:4972) Price Is Right But Growth Is LackingWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 20x, you may consider Tons...
Reported Earnings • Feb 28Full year 2020 earnings released: EPS NT$2.08 (vs NT$2.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$809.0m (down 26% from FY 2019). Net income: NT$79.1m (down 25% from FY 2019). Profit margin: 9.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 27Tons Lightology Inc., Annual General Meeting, May 27, 2021Tons Lightology Inc., Annual General Meeting, May 27, 2021. Location: 2F., No.236, Boai St., Shulin Dist Taipei Taiwan Agenda: To consider proposal for report of the Company's Operation of 2020; to consider proposal for audit committee examination report on statements and records of 2020; to consider proposal for report on distribution of remuneration for employees and directors; to consider Directors and managers performance evaluation results and relevance and rationality report on their salary remuneration; to consider Report on 2020 Cash Dividend Payout case; to consider proposal for recognizing the Reports on Operating and Financial Status in 2020 of the Company; to consider proposal for recognizing distribution of retained earnings of 2020; to consider proposal for amending Shareholders' Meeting Rules of the Company; to consider proposal for amending Procedures for Election of Directors; and to consider proposal for amending loans and funds operating procedures.
Is New 90 Day High Low • Feb 23New 90-day high: NT$29.25The company is up 1.0% from its price of NT$29.05 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 14% over the same period.
分析記事 • Feb 01Tons Lightology Inc.'s (GTSM:4972) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?Tons Lightology's (GTSM:4972) stock is up by 2.2% over the past three months. However, in this article, we decided to...
分析記事 • Jan 04Should Tons Lightology Inc. (GTSM:4972) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Tons Lightology Inc. ( GTSM:4972 ) from a dividend investor's perspective. Owning a...
分析記事 • Dec 07We Think Tons Lightology's (GTSM:4972) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Nov 21New 90-day high: NT$29.40The company is up 7.0% from its price of NT$27.35 on 21 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 5.0% over the same period.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$78.6m, with earnings increasing by NT$98.5m from the prior year. Total revenue was NT$862.8m over the last 12 months, down 19% from the prior year.
