View Future GrowthAxis 過去の業績過去 基準チェック /36Axisの収益は年間平均-14.4%の割合で減少していますが、 Electrical業界の収益は年間 増加しています。収益は年間3.2% 5%割合で 減少しています。 Axisの自己資本利益率は10.4%であり、純利益率は10.4%です。主要情報-14.36%収益成長率-14.36%EPS成長率Electrical 業界の成長18.73%収益成長率-4.96%株主資本利益率10.35%ネット・マージン10.45%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.73 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$0.73 (up from NT$0.36 in 1Q 2025). Revenue: NT$286.7m (up 24% from 1Q 2025). Net income: NT$34.0m (up 103% from 1Q 2025). Profit margin: 12% (up from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$2.00 (vs NT$3.87 in FY 2024)Full year 2025 results: EPS: NT$2.00 (down from NT$3.87 in FY 2024). Revenue: NT$1.00b (down 3.3% from FY 2024). Net income: NT$93.2m (down 48% from FY 2024). Profit margin: 9.3% (down from 17% in FY 2024). The decrease in margin was primarily driven by higher expenses. 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 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.92 profit in 2Q 2024)Second quarter 2025 results: NT$0.36 loss per share (down from NT$0.92 profit in 2Q 2024). Revenue: NT$221.5m (down 21% from 2Q 2024). Net loss: NT$16.6m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$2.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$2.48 in 1Q 2024). Revenue: NT$231.0m (down 3.0% from 1Q 2024). Net income: NT$16.7m (down 86% from 1Q 2024). Profit margin: 7.2% (down from 49% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.Reported Earnings • Mar 12Full year 2024 earnings released: EPS: NT$3.87 (vs NT$5.52 in FY 2023)Full year 2024 results: EPS: NT$3.87 (down from NT$5.52 in FY 2023). Revenue: NT$1.04b (down 24% from FY 2023). Net income: NT$180.5m (down 30% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (down from NT$1.87 in 3Q 2023). Revenue: NT$275.5m (down 24% from 3Q 2023). Net income: NT$10.8m (down 88% from 3Q 2023). Profit margin: 3.9% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.すべての更新を表示Recent updatesUpcoming Dividend • Jun 16Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 23 June 2026. Payment date: 15 July 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (2.3%).New Risk • Jun 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 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.10b market cap, or US$98.2m).Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$66.50, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total returns to shareholders of 79% over the past three years.Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$68.70, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 24x in the Electrical industry in Taiwan. Total returns to shareholders of 86% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$54.50, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 27x in the Electrical industry in Taiwan. Total returns to shareholders of 50% over the past three years.Declared Dividend • May 11Dividend reduced to NT$1.80Dividend of NT$1.80 is 55% lower than last year. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (74% 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 16% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.73 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$0.73 (up from NT$0.36 in 1Q 2025). Revenue: NT$286.7m (up 24% from 1Q 2025). Net income: NT$34.0m (up 103% from 1Q 2025). Profit margin: 12% (up from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.New Risk • Mar 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 56% 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 Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$64.9m).Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$48.80, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 27x in the Electrical industry in Taiwan. Total returns to shareholders of 36% over the past three years.お知らせ • Feb 26Axis Corporation, Annual General Meeting, May 22, 2026Axis Corporation, Annual General Meeting, May 22, 2026. Location: 7 floor no,38-1, sec.1 min sheng n. rd., gueishan district, taoyuan city TaiwanReported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$2.00 (vs NT$3.87 in FY 2024)Full year 2025 results: EPS: NT$2.00 (down from NT$3.87 in FY 2024). Revenue: NT$1.00b (down 3.3% from FY 2024). Net income: NT$93.2m (down 48% from FY 2024). Profit margin: 9.3% (down from 17% in FY 2024). The decrease in margin was primarily driven by higher expenses. 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 1% per year, which means it has not declined as severely as earnings.New Risk • Nov 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Cash payout ratio: 117% Dividend yield: 9.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 8x earnings per share. Cash payout ratio: 117% Earnings have declined by 6.0% 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 (5.0% net profit margin). Market cap is less than US$100m (NT$1.91b market cap, or US$61.5m).Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.92 profit in 2Q 2024)Second quarter 2025 results: NT$0.36 loss per share (down from NT$0.92 profit in 2Q 2024). Revenue: NT$221.5m (down 21% from 2Q 2024). Net loss: NT$16.6m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 24Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 01 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its profits and is paying out 94% of its cash flow. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).Declared Dividend • May 14Dividend reduced to NT$4.00Dividend of NT$4.00 is 4.8% lower than last year. Ex-date: 1st July 2025 Payment date: 25th July 2025 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (228% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 4.0% 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 153% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$2.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$2.48 in 1Q 2024). Revenue: NT$231.0m (down 3.0% from 1Q 2024). Net income: NT$16.7m (down 86% from 1Q 2024). Profit margin: 7.2% (down from 49% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$48.70, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 29% over the past three years.Reported Earnings • Mar 12Full year 2024 earnings released: EPS: NT$3.87 (vs NT$5.52 in FY 2023)Full year 2024 results: EPS: NT$3.87 (down from NT$5.52 in FY 2023). Revenue: NT$1.04b (down 24% from FY 2023). Net income: NT$180.5m (down 30% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.お知らせ • Feb 27Axis Corporation, Annual General Meeting, May 23, 2025Axis Corporation, Annual General Meeting, May 23, 2025. Location: 7 floor no,38-1, sec.1 min sheng n. rd., gueishan district, taoyuan city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (down from NT$1.87 in 3Q 2023). Revenue: NT$275.5m (down 24% from 3Q 2023). Net income: NT$10.8m (down 88% from 3Q 2023). Profit margin: 3.9% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.91 (vs NT$1.88 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.91 (down from NT$1.88 in 2Q 2023). Revenue: NT$280.4m (down 15% from 2Q 2023). Net income: NT$42.6m (down 51% from 2Q 2023). Profit margin: 15% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.New Risk • Jul 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Market cap is less than US$100m (NT$3.23b market cap, or US$98.3m).Buy Or Sell Opportunity • Jul 17Now 22% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$73.70. The fair value is estimated to be NT$60.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 8.4%.Upcoming Dividend • Jun 13Upcoming dividend of NT$4.20 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 58% and the cash payout ratio is 85%. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.4%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.48 (vs NT$0.73 in 1Q 2023)First quarter 2024 results: EPS: NT$2.48 (up from NT$0.73 in 1Q 2023). Revenue: NT$238.1m (down 30% from 1Q 2023). Net income: NT$115.4m (up 239% from 1Q 2023). Profit margin: 49% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 12Full year 2023 earnings released: EPS: NT$5.52 (vs NT$3.94 in FY 2022)Full year 2023 results: EPS: NT$5.52 (up from NT$3.94 in FY 2022). Revenue: NT$1.36b (down 16% from FY 2022). Net income: NT$257.3m (up 40% from FY 2022). Profit margin: 19% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 08Axis Corporation, Annual General Meeting, May 31, 2024Axis Corporation, Annual General Meeting, May 31, 2024.New Risk • Feb 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Buy Or Sell Opportunity • Feb 27Now 24% undervaluedOver the last 90 days, the stock has risen 34% to NT$80.00. The fair value is estimated to be NT$105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 8.0%.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$80.80, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 20x in the Electrical industry in Taiwan. Total returns to shareholders of 170% over the past three years.New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 110% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.77b market cap, or US$87.6m).Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$1.87 (vs NT$1.69 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.87 (up from NT$1.69 in 3Q 2022). Revenue: NT$361.0m (down 14% from 3Q 2022). Net income: NT$87.3m (up 11% from 3Q 2022). Profit margin: 24% (up from 19% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.94b market cap, or US$90.8m).Valuation Update With 7 Day Price Move • Oct 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$57.20, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 105% over the past three years.New Risk • Sep 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 67% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.19b market cap, or US$68.8m).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.88 (vs NT$1.07 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.88 (up from NT$1.07 loss in 2Q 2022). Revenue: NT$330.3m (down 14% from 2Q 2022). Net income: NT$87.8m (up NT$137.6m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Upcoming Dividend • Jul 05Upcoming dividend of NT$3.00 per share at 6.5% yieldEligible shareholders must have bought the stock before 12 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.0%).Reported Earnings • Mar 20Full year 2022 earnings released: EPS: NT$3.94 (vs NT$5.01 in FY 2021)Full year 2022 results: EPS: NT$3.94 (down from NT$5.01 in FY 2021). Revenue: NT$1.61b (up 33% from FY 2021). Net income: NT$183.6m (down 21% from FY 2021). Profit margin: 11% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.69 (vs NT$0.68 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.69 (up from NT$0.68 in 3Q 2021). Revenue: NT$419.0m (up 32% from 3Q 2021). Net income: NT$79.0m (up 148% from 3Q 2021). Profit margin: 19% (up from 10.0% in 3Q 2021). The increase in margin was driven by higher revenue. 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 3% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 08Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$51.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$1.07 loss per share (vs NT$2.03 profit in 2Q 2021)Second quarter 2022 results: NT$1.07 loss per share (down from NT$2.03 profit in 2Q 2021). Revenue: NT$386.4m (up 41% from 2Q 2021). Net loss: NT$49.8m (down 153% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year.Buying Opportunity • Jul 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be NT$53.53, 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. Earnings per share has grown by 20%.Upcoming Dividend • Jul 05Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.8%).Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$1.72 (vs NT$1.26 in 1Q 2021)First quarter 2022 results: EPS: NT$1.72 (up from NT$1.26 in 1Q 2021). Revenue: NT$355.9m (up 23% from 1Q 2021). Net income: NT$80.3m (up 37% from 1Q 2021). Profit margin: 23% (up from 20% in 1Q 2021). The increase in margin was driven by higher 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 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.01 (up from NT$3.10 in FY 2020). Revenue: NT$1.21b (up 19% from FY 2020). Net income: NT$233.4m (up 61% from FY 2020). Profit margin: 19% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.68 (vs NT$1.09 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$317.4m (down 2.5% from 3Q 2020). Net income: NT$31.8m (down 37% from 3Q 2020). Profit margin: 10.0% (down from 16% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$2.03 (vs NT$1.96 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$274.8m (up 58% from 2Q 2020). Net income: NT$94.6m (up 3.2% from 2Q 2020). Profit margin: 34% (down from 53% in 2Q 2020). The decrease in margin was driven by higher expenses. 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.Upcoming Dividend • Jul 12Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 06 August 2021. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.3%).Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$1.26 (vs NT$0.78 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$289.7m (up 30% from 1Q 2020). Net income: NT$58.8m (up NT$95.1m from 1Q 2020). Profit margin: 20% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.分析記事 • Mar 31Axis Corporation (GTSM:6292) Investors Should Think About This Before Buying It For Its DividendDividend paying stocks like Axis Corporation ( GTSM:6292 ) tend to be popular with investors, and for good reason...Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$3.10 (vs NT$4.28 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$1.02b (flat on FY 2019). Net income: NT$144.7m (down 28% from FY 2019). Profit margin: 14% (down from 20% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year.分析記事 • Mar 11The Trends At Axis (GTSM:6292) That You Should Know AboutIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Is New 90 Day High Low • Mar 10New 90-day high: NT$37.85The company is up 6.0% from its price of NT$35.65 on 10 December 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 Electrical industry, which is also up 6.0% over the same period.分析記事 • Feb 23Axis (GTSM:6292) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Feb 08Is Axis Corporation's (GTSM:6292) Recent Stock Performance Influenced By Its Financials In Any Way?Axis' (GTSM:6292) stock up by 5.4% over the past three months. Given that stock prices are usually aligned with a...分析記事 • Jan 26Estimating The Intrinsic Value Of Axis Corporation (GTSM:6292)Does the January share price for Axis Corporation ( GTSM:6292 ) reflect what it's really worth? Today, we will estimate...分析記事 • Jan 12Axis (GTSM:6292) Has Gifted Shareholders With A Fantastic 103% Total Return On Their InvestmentThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...分析記事 • Dec 30Know This Before Buying Axis Corporation (GTSM:6292) For Its DividendToday we'll take a closer look at Axis Corporation ( GTSM:6292 ) from a dividend investor's perspective. Owning a...Is New 90 Day High Low • Dec 21New 90-day high: NT$36.35The company is up 8.0% from its price of NT$33.70 on 23 September 2020. The Taiwanese market is up 11% 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.分析記事 • Dec 17We're Not Counting On Axis (GTSM:6292) To Sustain Its Statutory ProfitabilityBroadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...分析記事 • Dec 04Should We Be Excited About The Trends Of Returns At Axis (GTSM:6292)?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Is New 90 Day High Low • Dec 04New 90-day high: NT$36.00The company is up 1.0% from its price of NT$35.55 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 5.0% over the same period.分析記事 • Nov 19Axis (GTSM:6292) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$1.09The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$325.5m (up 33% from 3Q 2019). Net income: NT$50.8m (up 1.1% from 3Q 2019). Profit margin: 16% (down from 21% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.収支内訳Axis の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:6292 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 261,0571102891231 Dec 251,002932841330 Sep 25989492771330 Jun 25969232481331 Mar 251,028822551331 Dec 241,0361812561330 Sep 241,1242172541330 Jun 241,2092942771331 Mar 241,2593392741231 Dec 231,3592572851230 Sep 231,4782832981330 Jun 231,5362753061331 Mar 231,5931372931231 Dec 221,6101842781230 Sep 221,4911582971230 Jun 221,3901112761231 Mar 221,2782552701331 Dec 211,2122332631330 Sep 211,1752242361230 Jun 211,1832432321231 Mar 211,0822402231131 Dec 201,0151452201130 Sep 209461312191130 Jun 208641302221131 Mar 20967852401131 Dec 191,0092012441230 Sep 191,0891522391230 Jun 191,2151652441231 Mar 191,2811672481331 Dec 181,329902531330 Sep 181,3791452571330 Jun 181,3911192571331 Mar 181,3911042541231 Dec 171,4031212521230 Sep 171,4201392631230 Jun 171,3971482671131 Mar 171,4171492721231 Dec 161,4531572781230 Sep 161,4271202701230 Jun 161,427952671231 Mar 161,429972661331 Dec 151,395972631330 Sep 151,37315527513質の高い収益: 6292にはNT$48.1M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: 6292の現在の純利益率 (10.4%)は、昨年(8%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6292の収益は過去 5 年間で年間14.4%減少しました。成長の加速: 6292の過去 1 年間の収益成長率 ( 35% ) は、5 年間の平均 ( 年間-14.4%を上回っています。収益対業界: 6292の過去 1 年間の収益成長率 ( 35% ) はElectrical業界10.5%を上回りました。株主資本利益率高いROE: 6292の 自己資本利益率 ( 10.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health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2026/07/12 12:44終値2026/07/09 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Axis Corporation 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。0
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.73 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$0.73 (up from NT$0.36 in 1Q 2025). Revenue: NT$286.7m (up 24% from 1Q 2025). Net income: NT$34.0m (up 103% from 1Q 2025). Profit margin: 12% (up from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$2.00 (vs NT$3.87 in FY 2024)Full year 2025 results: EPS: NT$2.00 (down from NT$3.87 in FY 2024). Revenue: NT$1.00b (down 3.3% from FY 2024). Net income: NT$93.2m (down 48% from FY 2024). Profit margin: 9.3% (down from 17% in FY 2024). The decrease in margin was primarily driven by higher expenses. 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 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.92 profit in 2Q 2024)Second quarter 2025 results: NT$0.36 loss per share (down from NT$0.92 profit in 2Q 2024). Revenue: NT$221.5m (down 21% from 2Q 2024). Net loss: NT$16.6m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$2.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$2.48 in 1Q 2024). Revenue: NT$231.0m (down 3.0% from 1Q 2024). Net income: NT$16.7m (down 86% from 1Q 2024). Profit margin: 7.2% (down from 49% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.
Reported Earnings • Mar 12Full year 2024 earnings released: EPS: NT$3.87 (vs NT$5.52 in FY 2023)Full year 2024 results: EPS: NT$3.87 (down from NT$5.52 in FY 2023). Revenue: NT$1.04b (down 24% from FY 2023). Net income: NT$180.5m (down 30% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (down from NT$1.87 in 3Q 2023). Revenue: NT$275.5m (down 24% from 3Q 2023). Net income: NT$10.8m (down 88% from 3Q 2023). Profit margin: 3.9% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Jun 16Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 23 June 2026. Payment date: 15 July 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (2.3%).
New Risk • Jun 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 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.10b market cap, or US$98.2m).
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$66.50, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total returns to shareholders of 79% over the past three years.
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$68.70, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 24x in the Electrical industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$54.50, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 27x in the Electrical industry in Taiwan. Total returns to shareholders of 50% over the past three years.
Declared Dividend • May 11Dividend reduced to NT$1.80Dividend of NT$1.80 is 55% lower than last year. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (74% 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 16% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.73 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$0.73 (up from NT$0.36 in 1Q 2025). Revenue: NT$286.7m (up 24% from 1Q 2025). Net income: NT$34.0m (up 103% from 1Q 2025). Profit margin: 12% (up from 7.2% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
New Risk • Mar 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 56% 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 Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$64.9m).
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$48.80, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 27x in the Electrical industry in Taiwan. Total returns to shareholders of 36% over the past three years.
お知らせ • Feb 26Axis Corporation, Annual General Meeting, May 22, 2026Axis Corporation, Annual General Meeting, May 22, 2026. Location: 7 floor no,38-1, sec.1 min sheng n. rd., gueishan district, taoyuan city Taiwan
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$2.00 (vs NT$3.87 in FY 2024)Full year 2025 results: EPS: NT$2.00 (down from NT$3.87 in FY 2024). Revenue: NT$1.00b (down 3.3% from FY 2024). Net income: NT$93.2m (down 48% from FY 2024). Profit margin: 9.3% (down from 17% in FY 2024). The decrease in margin was primarily driven by higher expenses. 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 1% per year, which means it has not declined as severely as earnings.
New Risk • Nov 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Cash payout ratio: 117% Dividend yield: 9.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 8x earnings per share. Cash payout ratio: 117% Earnings have declined by 6.0% 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 (5.0% net profit margin). Market cap is less than US$100m (NT$1.91b market cap, or US$61.5m).
Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.92 profit in 2Q 2024)Second quarter 2025 results: NT$0.36 loss per share (down from NT$0.92 profit in 2Q 2024). Revenue: NT$221.5m (down 21% from 2Q 2024). Net loss: NT$16.6m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 24Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 01 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its profits and is paying out 94% of its cash flow. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).
Declared Dividend • May 14Dividend reduced to NT$4.00Dividend of NT$4.00 is 4.8% lower than last year. Ex-date: 1st July 2025 Payment date: 25th July 2025 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (228% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 4.0% 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 153% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$2.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$2.48 in 1Q 2024). Revenue: NT$231.0m (down 3.0% from 1Q 2024). Net income: NT$16.7m (down 86% from 1Q 2024). Profit margin: 7.2% (down from 49% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$48.70, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 29% over the past three years.
Reported Earnings • Mar 12Full year 2024 earnings released: EPS: NT$3.87 (vs NT$5.52 in FY 2023)Full year 2024 results: EPS: NT$3.87 (down from NT$5.52 in FY 2023). Revenue: NT$1.04b (down 24% from FY 2023). Net income: NT$180.5m (down 30% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Feb 27Axis Corporation, Annual General Meeting, May 23, 2025Axis Corporation, Annual General Meeting, May 23, 2025. Location: 7 floor no,38-1, sec.1 min sheng n. rd., gueishan district, taoyuan city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.87 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (down from NT$1.87 in 3Q 2023). Revenue: NT$275.5m (down 24% from 3Q 2023). Net income: NT$10.8m (down 88% from 3Q 2023). Profit margin: 3.9% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.91 (vs NT$1.88 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.91 (down from NT$1.88 in 2Q 2023). Revenue: NT$280.4m (down 15% from 2Q 2023). Net income: NT$42.6m (down 51% from 2Q 2023). Profit margin: 15% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.
New Risk • Jul 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Market cap is less than US$100m (NT$3.23b market cap, or US$98.3m).
Buy Or Sell Opportunity • Jul 17Now 22% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$73.70. The fair value is estimated to be NT$60.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 8.4%.
Upcoming Dividend • Jun 13Upcoming dividend of NT$4.20 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 58% and the cash payout ratio is 85%. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.4%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.48 (vs NT$0.73 in 1Q 2023)First quarter 2024 results: EPS: NT$2.48 (up from NT$0.73 in 1Q 2023). Revenue: NT$238.1m (down 30% from 1Q 2023). Net income: NT$115.4m (up 239% from 1Q 2023). Profit margin: 49% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 12Full year 2023 earnings released: EPS: NT$5.52 (vs NT$3.94 in FY 2022)Full year 2023 results: EPS: NT$5.52 (up from NT$3.94 in FY 2022). Revenue: NT$1.36b (down 16% from FY 2022). Net income: NT$257.3m (up 40% from FY 2022). Profit margin: 19% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 08Axis Corporation, Annual General Meeting, May 31, 2024Axis Corporation, Annual General Meeting, May 31, 2024.
New Risk • Feb 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Buy Or Sell Opportunity • Feb 27Now 24% undervaluedOver the last 90 days, the stock has risen 34% to NT$80.00. The fair value is estimated to be NT$105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 8.0%.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$80.80, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 20x in the Electrical industry in Taiwan. Total returns to shareholders of 170% over the past three years.
New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 110% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.77b market cap, or US$87.6m).
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$1.87 (vs NT$1.69 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.87 (up from NT$1.69 in 3Q 2022). Revenue: NT$361.0m (down 14% from 3Q 2022). Net income: NT$87.3m (up 11% from 3Q 2022). Profit margin: 24% (up from 19% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.94b market cap, or US$90.8m).
Valuation Update With 7 Day Price Move • Oct 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$57.20, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 105% over the past three years.
New Risk • Sep 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 67% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.19b market cap, or US$68.8m).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.88 (vs NT$1.07 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.88 (up from NT$1.07 loss in 2Q 2022). Revenue: NT$330.3m (down 14% from 2Q 2022). Net income: NT$87.8m (up NT$137.6m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Upcoming Dividend • Jul 05Upcoming dividend of NT$3.00 per share at 6.5% yieldEligible shareholders must have bought the stock before 12 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.0%).
Reported Earnings • Mar 20Full year 2022 earnings released: EPS: NT$3.94 (vs NT$5.01 in FY 2021)Full year 2022 results: EPS: NT$3.94 (down from NT$5.01 in FY 2021). Revenue: NT$1.61b (up 33% from FY 2021). Net income: NT$183.6m (down 21% from FY 2021). Profit margin: 11% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.69 (vs NT$0.68 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.69 (up from NT$0.68 in 3Q 2021). Revenue: NT$419.0m (up 32% from 3Q 2021). Net income: NT$79.0m (up 148% from 3Q 2021). Profit margin: 19% (up from 10.0% in 3Q 2021). The increase in margin was driven by higher revenue. 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 3% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 08Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$51.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$1.07 loss per share (vs NT$2.03 profit in 2Q 2021)Second quarter 2022 results: NT$1.07 loss per share (down from NT$2.03 profit in 2Q 2021). Revenue: NT$386.4m (up 41% from 2Q 2021). Net loss: NT$49.8m (down 153% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year.
Buying Opportunity • Jul 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be NT$53.53, 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. Earnings per share has grown by 20%.
Upcoming Dividend • Jul 05Upcoming dividend of NT$3.60 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.8%).
Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$1.72 (vs NT$1.26 in 1Q 2021)First quarter 2022 results: EPS: NT$1.72 (up from NT$1.26 in 1Q 2021). Revenue: NT$355.9m (up 23% from 1Q 2021). Net income: NT$80.3m (up 37% from 1Q 2021). Profit margin: 23% (up from 20% in 1Q 2021). The increase in margin was driven by higher 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 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.01 (up from NT$3.10 in FY 2020). Revenue: NT$1.21b (up 19% from FY 2020). Net income: NT$233.4m (up 61% from FY 2020). Profit margin: 19% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.68 (vs NT$1.09 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$317.4m (down 2.5% from 3Q 2020). Net income: NT$31.8m (down 37% from 3Q 2020). Profit margin: 10.0% (down from 16% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$2.03 (vs NT$1.96 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$274.8m (up 58% from 2Q 2020). Net income: NT$94.6m (up 3.2% from 2Q 2020). Profit margin: 34% (down from 53% in 2Q 2020). The decrease in margin was driven by higher expenses. 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.
Upcoming Dividend • Jul 12Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 06 August 2021. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.3%).
Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$1.26 (vs NT$0.78 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$289.7m (up 30% from 1Q 2020). Net income: NT$58.8m (up NT$95.1m from 1Q 2020). Profit margin: 20% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.
分析記事 • Mar 31Axis Corporation (GTSM:6292) Investors Should Think About This Before Buying It For Its DividendDividend paying stocks like Axis Corporation ( GTSM:6292 ) tend to be popular with investors, and for good reason...
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$3.10 (vs NT$4.28 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$1.02b (flat on FY 2019). Net income: NT$144.7m (down 28% from FY 2019). Profit margin: 14% (down from 20% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year.
分析記事 • Mar 11The Trends At Axis (GTSM:6292) That You Should Know AboutIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Is New 90 Day High Low • Mar 10New 90-day high: NT$37.85The company is up 6.0% from its price of NT$35.65 on 10 December 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 Electrical industry, which is also up 6.0% over the same period.
分析記事 • Feb 23Axis (GTSM:6292) Seems To Use Debt Rather SparinglyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Feb 08Is Axis Corporation's (GTSM:6292) Recent Stock Performance Influenced By Its Financials In Any Way?Axis' (GTSM:6292) stock up by 5.4% over the past three months. Given that stock prices are usually aligned with a...
分析記事 • Jan 26Estimating The Intrinsic Value Of Axis Corporation (GTSM:6292)Does the January share price for Axis Corporation ( GTSM:6292 ) reflect what it's really worth? Today, we will estimate...
分析記事 • Jan 12Axis (GTSM:6292) Has Gifted Shareholders With A Fantastic 103% Total Return On Their InvestmentThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...
分析記事 • Dec 30Know This Before Buying Axis Corporation (GTSM:6292) For Its DividendToday we'll take a closer look at Axis Corporation ( GTSM:6292 ) from a dividend investor's perspective. Owning a...
Is New 90 Day High Low • Dec 21New 90-day high: NT$36.35The company is up 8.0% from its price of NT$33.70 on 23 September 2020. The Taiwanese market is up 11% 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.
分析記事 • Dec 17We're Not Counting On Axis (GTSM:6292) To Sustain Its Statutory ProfitabilityBroadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...
分析記事 • Dec 04Should We Be Excited About The Trends Of Returns At Axis (GTSM:6292)?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Is New 90 Day High Low • Dec 04New 90-day high: NT$36.00The company is up 1.0% from its price of NT$35.55 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 5.0% over the same period.
分析記事 • Nov 19Axis (GTSM:6292) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$1.09The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$325.5m (up 33% from 3Q 2019). Net income: NT$50.8m (up 1.1% from 3Q 2019). Profit margin: 16% (down from 21% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.