Spec Products（7718）株式概要SPEC Products Corp.は、工業用および自動車用のナット、ネジ、ボルト、ファスナー、ワッシャー、ピンを製造している。 詳細7718 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6/6配当金3/6報酬株価収益率（ 11 x） TW市場（ 23.5 x）を下回っています。リスク分析高いレベルの非現金収入 過去5年間で収益は年間4%減少しました。 5.33%の配当はフリーキャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( NT$2B )すべてのリスクチェックを見る7718 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW495,270 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG495,270 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$46.9028.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue NT$2.5bEarnings NT$194.6mAdvancedSet Fair ValueView all narrativesSpec Products Corp. 競合他社Tachia Yung Ho Machine IndustrySymbol: TPEX:2221Market cap: NT$2.0bSheh Fung ScrewsLtdSymbol: TPEX:2065Market cap: NT$2.1bRoundtop Machinery IndustriesSymbol: TWSE:1540Market cap: NT$1.9bDe Poan PneumaticSymbol: TPEX:1570Market cap: NT$2.2b価格と性能株価の高値、安値、推移の概要Spec Products過去の株価現在の株価NT$46.9052週高値NT$56.3052週安値NT$41.50ベータ-0.0101ヶ月の変化-3.60%3ヶ月変化-0.42%1年変化1.52%3年間の変化n/a5年間の変化n/aIPOからの変化-13.15%最新ニュースUpcoming Dividend • Jun 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%).Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$631.2m (up 5.9% from 1Q 2025). Net income: NT$68.5m (up 60% from 1Q 2025). Profit margin: 11% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue.New Risk • May 16New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.20b market cap, or US$69.7m).Buy Or Sell Opportunity • Apr 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to NT$47.00. The fair value is estimated to be NT$39.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 23%.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.75 (vs NT$6.08 in FY 2024)Full year 2025 results: EPS: NT$3.75 (down from NT$6.08 in FY 2024). Revenue: NT$2.44b (up 1.4% from FY 2024). Net income: NT$168.9m (down 32% from FY 2024). Profit margin: 6.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses.New Risk • Mar 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$65.1m).最新情報をもっと見るRecent updatesUpcoming Dividend • Jun 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%).Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$631.2m (up 5.9% from 1Q 2025). Net income: NT$68.5m (up 60% from 1Q 2025). Profit margin: 11% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue.New Risk • May 16New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.20b market cap, or US$69.7m).Buy Or Sell Opportunity • Apr 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to NT$47.00. The fair value is estimated to be NT$39.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 23%.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.75 (vs NT$6.08 in FY 2024)Full year 2025 results: EPS: NT$3.75 (down from NT$6.08 in FY 2024). Revenue: NT$2.44b (up 1.4% from FY 2024). Net income: NT$168.9m (down 32% from FY 2024). Profit margin: 6.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses.New Risk • Mar 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$65.1m).お知らせ • Mar 10Spec Products Corp., Annual General Meeting, May 25, 2026Spec Products Corp., Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,358, sec.1 tung men rd., east district, tainan city TaiwanBoard Change • Mar 02Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$1.66 (vs NT$1.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.66 (up from NT$1.52 in 3Q 2024). Revenue: NT$603.8m (down 10% from 3Q 2024). Net income: NT$76.5m (up 23% from 3Q 2024). Profit margin: 13% (up from 9.2% in 3Q 2024). The increase in margin was driven by lower expenses.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.30 loss per share (vs NT$1.71 profit in 2Q 2024)Second quarter 2025 results: NT$0.30 loss per share (down from NT$1.71 profit in 2Q 2024). Revenue: NT$615.4m (up 3.2% from 2Q 2024). Net loss: NT$13.7m (down 120% from profit in 2Q 2024).Upcoming Dividend • Jun 23Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$1.65 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (down from NT$1.65 in 1Q 2024). Revenue: NT$596.0m (up 2.6% from 1Q 2024). Net income: NT$42.9m (down 37% from 1Q 2024). Profit margin: 7.2% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$6.08 (vs NT$5.72 in FY 2023)Full year 2024 results: EPS: NT$6.08 (up from NT$5.72 in FY 2023). Revenue: NT$2.41b (up 5.4% from FY 2023). Net income: NT$248.5m (up 19% from FY 2023). Profit margin: 10% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • Apr 01Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.60. The fair value is estimated to be NT$44.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.お知らせ • Mar 13Spec Products Corp., Annual General Meeting, Jun 02, 2025Spec Products Corp., Annual General Meeting, Jun 02, 2025. Location: 3 floor no,358, sec.1 tung men rd., east district, tainan city Taiwanお知らせ • Feb 22Spec Products Corp. has filed a Follow-on Equity Offering.Spec Products Corp. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 3,713,000 Price(minimum): TWD 33.06Buy Or Sell Opportunity • Feb 05Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$58.00. The fair value is estimated to be NT$47.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.Buy Or Sell Opportunity • Dec 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.3% to NT$58.00. The fair value is estimated to be NT$48.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.52 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.52 (up from NT$1.37 in 3Q 2023). Revenue: NT$671.5m (up 20% from 3Q 2023). Net income: NT$62.0m (up 23% from 3Q 2023). Profit margin: 9.2% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.2% to NT$57.80. The fair value is estimated to be NT$47.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.Buy Or Sell Opportunity • Oct 28Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$57.90. The fair value is estimated to be NT$48.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.Buy Or Sell Opportunity • Sep 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$60.00. The fair value is estimated to be NT$48.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.Reported Earnings • May 02Full year 2023 earnings released: EPS: NT$5.72 (vs NT$7.52 in FY 2022)Full year 2023 results: EPS: NT$5.72 (down from NT$7.52 in FY 2022). Revenue: NT$2.28b (down 20% from FY 2022). Net income: NT$209.1m (down 24% from FY 2022). Profit margin: 9.2% (in line with FY 2022).Buy Or Sell Opportunity • Apr 26Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.80. The fair value is estimated to be NT$45.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.お知らせ • Apr 14Spec Products Corp., Annual General Meeting, Jun 28, 2024Spec Products Corp., Annual General Meeting, Jun 28, 2024.Buy Or Sell Opportunity • Apr 01Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$50.00. The fair value is estimated to be NT$41.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.Buy Or Sell Opportunity • Mar 08Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$50.20. The fair value is estimated to be NT$41.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.お知らせ • Feb 23Spec Products Corp. has completed an IPO in the amount of TWD 157.5 million.Spec Products Corp. has completed an IPO in the amount of TWD 157.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 4,500,000 Price\Range: TWD 35Buy Or Sell Opportunity • Feb 22Now 31% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.00. The fair value is estimated to be NT$41.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.株主還元7718TW MachineryTW 市場7D-0.5%8.2%5.1%1Y1.5%73.5%106.1%株主還元を見る業界別リターン: 7718過去 1 年間で73.5 % の収益を上げたTW Machinery業界を下回りました。リターン対市場: 7718は、過去 1 年間で106.1 % のリターンを上げたTW市場を下回りました。価格変動Is 7718's price volatile compared to industry and market?7718 volatility7718 Average Weekly Movement2.8%Machinery Industry Average Movement7.6%Market Average Movement6.4%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 7718 、 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: 7718の 週次ボラティリティ ( 3% ) 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2001n/aHongcheng Zhangwww.spec.com.twSPEC Products Corp.は、工業用および自動車用のナット、ネジ、ボルト、ファスナー、ワッシャー、ピンを製造している。機械加工/旋盤加工部品、リヘッディング・ボルト/部品、鍛造ヘッド・ボルト、ナット/ワッシャ・アッセンブリー、冷間成形部品、フランジ・スクリュー、フランジ・ナット/プリービング・ロック、SEMSスクリュー、スタンピング部品、ステンレス・スクリュー、丸頭スクリュー、ショルダー・ボルト/スクリュー、組立部品、スタンピング・ファスナー、クリンチ・スクリュー、ダブルエンド・スクリュー、ウェルド・ナット、ブラインド・リベット、ミニチュア・スクリュー、アウトセンター・ピン／スクリュー、Tボルト、ウェルド・スタッド、ステンレス・ナット、リベット・ナット、いたずら防止スクリュー、角ナット、クリンチ・ナット、ライセンシー・ファスナー。SPEC Products Corp.は、台湾の台南市に本社を置いています。もっと見るSpec Products Corp. 基礎のまとめSpec Products の収益と売上を時価総額と比較するとどうか。7718 基礎統計学時価総額NT$2.14b収益（TTM）NT$194.55m売上高(TTM)NT$2.48b11.0xPER（株価収益率0.9xP/Sレシオ7718 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7718 損益計算書（TTM）収益NT$2.48b売上原価NT$2.03b売上総利益NT$443.85mその他の費用NT$249.29m収益NT$194.55m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）4.27グロス・マージン17.91%純利益率7.85%有利子負債／自己資本比率13.4%7718 の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.3%現在の配当利回り59%配当性向7718 配当は確実ですか？7718 配当履歴とベンチマークを見る7718 、いつまでに購入すれば配当金を受け取れますか？Spec Products 配当日配当落ち日Jun 10 2026配当支払日Jul 08 2026配当落ちまでの日数26 days配当支払日までの日数2 days7718 配当は確実ですか？7718 配当履歴とベンチマークを見る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2026/07/05 14:39終値2026/07/03 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Spec Products Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Upcoming Dividend • Jun 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$631.2m (up 5.9% from 1Q 2025). Net income: NT$68.5m (up 60% from 1Q 2025). Profit margin: 11% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue.
New Risk • May 16New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.20b market cap, or US$69.7m).
Buy Or Sell Opportunity • Apr 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to NT$47.00. The fair value is estimated to be NT$39.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 23%.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.75 (vs NT$6.08 in FY 2024)Full year 2025 results: EPS: NT$3.75 (down from NT$6.08 in FY 2024). Revenue: NT$2.44b (up 1.4% from FY 2024). Net income: NT$168.9m (down 32% from FY 2024). Profit margin: 6.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses.
New Risk • Mar 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$65.1m).
Upcoming Dividend • Jun 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$631.2m (up 5.9% from 1Q 2025). Net income: NT$68.5m (up 60% from 1Q 2025). Profit margin: 11% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue.
New Risk • May 16New major risk - Revenue and earnings growthEarnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.20b market cap, or US$69.7m).
Buy Or Sell Opportunity • Apr 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.2% to NT$47.00. The fair value is estimated to be NT$39.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has declined by 23%.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.75 (vs NT$6.08 in FY 2024)Full year 2025 results: EPS: NT$3.75 (down from NT$6.08 in FY 2024). Revenue: NT$2.44b (up 1.4% from FY 2024). Net income: NT$168.9m (down 32% from FY 2024). Profit margin: 6.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses.
New Risk • Mar 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$65.1m).
お知らせ • Mar 10Spec Products Corp., Annual General Meeting, May 25, 2026Spec Products Corp., Annual General Meeting, May 25, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,358, sec.1 tung men rd., east district, tainan city Taiwan
Board Change • Mar 02Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$1.66 (vs NT$1.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.66 (up from NT$1.52 in 3Q 2024). Revenue: NT$603.8m (down 10% from 3Q 2024). Net income: NT$76.5m (up 23% from 3Q 2024). Profit margin: 13% (up from 9.2% in 3Q 2024). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.30 loss per share (vs NT$1.71 profit in 2Q 2024)Second quarter 2025 results: NT$0.30 loss per share (down from NT$1.71 profit in 2Q 2024). Revenue: NT$615.4m (up 3.2% from 2Q 2024). Net loss: NT$13.7m (down 120% from profit in 2Q 2024).
Upcoming Dividend • Jun 23Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$1.65 in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (down from NT$1.65 in 1Q 2024). Revenue: NT$596.0m (up 2.6% from 1Q 2024). Net income: NT$42.9m (down 37% from 1Q 2024). Profit margin: 7.2% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$6.08 (vs NT$5.72 in FY 2023)Full year 2024 results: EPS: NT$6.08 (up from NT$5.72 in FY 2023). Revenue: NT$2.41b (up 5.4% from FY 2023). Net income: NT$248.5m (up 19% from FY 2023). Profit margin: 10% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • Apr 01Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.60. The fair value is estimated to be NT$44.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.
お知らせ • Mar 13Spec Products Corp., Annual General Meeting, Jun 02, 2025Spec Products Corp., Annual General Meeting, Jun 02, 2025. Location: 3 floor no,358, sec.1 tung men rd., east district, tainan city Taiwan
お知らせ • Feb 22Spec Products Corp. has filed a Follow-on Equity Offering.Spec Products Corp. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 3,713,000 Price(minimum): TWD 33.06
Buy Or Sell Opportunity • Feb 05Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$58.00. The fair value is estimated to be NT$47.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.
Buy Or Sell Opportunity • Dec 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.3% to NT$58.00. The fair value is estimated to be NT$48.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 7.9%.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.52 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.52 (up from NT$1.37 in 3Q 2023). Revenue: NT$671.5m (up 20% from 3Q 2023). Net income: NT$62.0m (up 23% from 3Q 2023). Profit margin: 9.2% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.2% to NT$57.80. The fair value is estimated to be NT$47.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.
Buy Or Sell Opportunity • Oct 28Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$57.90. The fair value is estimated to be NT$48.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.
Buy Or Sell Opportunity • Sep 16Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$60.00. The fair value is estimated to be NT$48.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 11%.
Reported Earnings • May 02Full year 2023 earnings released: EPS: NT$5.72 (vs NT$7.52 in FY 2022)Full year 2023 results: EPS: NT$5.72 (down from NT$7.52 in FY 2022). Revenue: NT$2.28b (down 20% from FY 2022). Net income: NT$209.1m (down 24% from FY 2022). Profit margin: 9.2% (in line with FY 2022).
Buy Or Sell Opportunity • Apr 26Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.80. The fair value is estimated to be NT$45.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.
お知らせ • Apr 14Spec Products Corp., Annual General Meeting, Jun 28, 2024Spec Products Corp., Annual General Meeting, Jun 28, 2024.
Buy Or Sell Opportunity • Apr 01Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$50.00. The fair value is estimated to be NT$41.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.
Buy Or Sell Opportunity • Mar 08Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$50.20. The fair value is estimated to be NT$41.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.
お知らせ • Feb 23Spec Products Corp. has completed an IPO in the amount of TWD 157.5 million.Spec Products Corp. has completed an IPO in the amount of TWD 157.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 4,500,000 Price\Range: TWD 35
Buy Or Sell Opportunity • Feb 22Now 31% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$54.00. The fair value is estimated to be NT$41.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 29%.
