View ValuationW&B Technology 将来の成長Future 基準チェック /06現在、 W&B Technologyの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Machinery 収益成長29.7%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジLow最終更新日25 Mar 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$509, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 29x in the Machinery industry in Taiwan. Total returns to shareholders of 195% over the past year.Reported Earnings • May 20First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$5.66 (up from NT$4.00 in 1Q 2025). Revenue: NT$886.1m (up 65% from 1Q 2025). Net income: NT$181.3m (up 58% from 1Q 2025). Profit margin: 21% (in line with 1Q 2025). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 6.6%.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$16.28 (vs NT$10.72 in FY 2024)Full year 2025 results: EPS: NT$16.28 (up from NT$10.72 in FY 2024). Revenue: NT$2.37b (up 60% from FY 2024). Net income: NT$472.6m (up 57% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in Taiwan.New Risk • Mar 03New 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 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (65% accrual ratio).お知らせ • Feb 25W&B Technology Ltd., Annual General Meeting, May 14, 2026W&B Technology Ltd., Annual General Meeting, May 14, 2026, at 10:00 Taipei Standard Time. Location: 3 floor no,186, shih cheng pei 7th rd., hsi tun district, taichung city TaiwanValuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$431, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 37x in the Machinery industry in Taiwan. Total returns to shareholders of 152% over the past year.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$363, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 121% over the past year.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$348, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 131% over the past year.New Risk • Dec 18New 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 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (65% accrual ratio).お知らせ • Nov 28W&B Technology Ltd. has completed an IPO in the amount of TWD 903 million.W&B Technology Ltd. has completed an IPO in the amount of TWD 903 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,244,000 Price\Range: TWD 280 Security Name: Shares Security Type: Common Stock Securities Offered: 981,000 Price\Range: TWD 280Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$5.69 (vs NT$3.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.69 (up from NT$3.43 in 3Q 2024). Revenue: NT$663.8m (up 53% from 3Q 2024). Net income: NT$163.4m (up 67% from 3Q 2024). Profit margin: 25% (up from 23% in 3Q 2024). The increase in margin was driven by higher revenue.お知らせ • Oct 04W&B Technology Ltd. has filed an IPO.W&B Technology Ltd. has filed an IPO. Security Name: Shares Security Type: Common Stock Price\Range: TWD 258Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$380, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 161% over the past year.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$258, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 20x in the Machinery industry in Taiwan.New Risk • Aug 08New 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 6.1% 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 High level of non-cash earnings (83% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$206, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the Machinery industry in Taiwan.Reported Earnings • Jul 19First quarter 2025 earnings released: EPS: NT$4.00 (vs NT$2.12 in 1Q 2024)First quarter 2025 results: EPS: NT$4.00 (up from NT$2.12 in 1Q 2024). Revenue: NT$535.9m (up 112% from 1Q 2024). Net income: NT$114.9m (up 98% from 1Q 2024). Profit margin: 21% (down from 23% in 1Q 2024). The decrease in margin was driven by higher expenses.New Risk • Apr 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk High level of non-cash earnings (119% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.9% average weekly change).Reported Earnings • Apr 18Full year 2024 earnings released: EPS: NT$10.72 (vs NT$11.28 in FY 2023)Full year 2024 results: EPS: NT$10.72. Revenue: NT$1.48b (up 28% from FY 2023). Net income: NT$300.3m (up 38% from FY 2023). Profit margin: 20% (up from 19% in FY 2023). The increase in margin was driven by higher revenue.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 7.9% over the past year. High level of non-cash earnings (59% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change).New Risk • Apr 07New 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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Revenue has declined by 7.9% over the past year. High level of non-cash earnings (59% accrual ratio).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$139, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 19x in the Machinery industry in Taiwan.お知らせ • Mar 06W&B Technology Ltd., Annual General Meeting, May 22, 2025W&B Technology Ltd., Annual General Meeting, May 22, 2025, at 10:00 Taipei Standard Time. Location: 3 floor no,186, shih cheng pei 7th rd., hsi tun district, taichung city TaiwanValuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$189, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 20x in the Machinery industry in Taiwan.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$175, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 20x in the Machinery industry in Taiwan. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、W&B Technology は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TPEX:7744 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20263,29977470376513/31/20262,716539449495N/A12/31/20252,365473363426N/A9/30/20252,222458-12326N/A6/30/20251,931403-130243N/A3/31/20251,762357-135137N/A12/31/20241,479300-116236N/A9/30/20241,27326626180N/A6/30/20241,19021230147N/A3/31/20241,119220-106101N/A12/31/20231,154217-53-33N/A12/31/20221,427199-33-23N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 7744の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 7744の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 7744の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 7744の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 7744の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7744の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 10:59終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋W&B Technology Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Jason WangMasterlink Securities Investment Advisory
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$509, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 29x in the Machinery industry in Taiwan. Total returns to shareholders of 195% over the past year.
Reported Earnings • May 20First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$5.66 (up from NT$4.00 in 1Q 2025). Revenue: NT$886.1m (up 65% from 1Q 2025). Net income: NT$181.3m (up 58% from 1Q 2025). Profit margin: 21% (in line with 1Q 2025). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 6.6%.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$16.28 (vs NT$10.72 in FY 2024)Full year 2025 results: EPS: NT$16.28 (up from NT$10.72 in FY 2024). Revenue: NT$2.37b (up 60% from FY 2024). Net income: NT$472.6m (up 57% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in Taiwan.
New Risk • Mar 03New 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 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (65% accrual ratio).
お知らせ • Feb 25W&B Technology Ltd., Annual General Meeting, May 14, 2026W&B Technology Ltd., Annual General Meeting, May 14, 2026, at 10:00 Taipei Standard Time. Location: 3 floor no,186, shih cheng pei 7th rd., hsi tun district, taichung city Taiwan
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$431, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 37x in the Machinery industry in Taiwan. Total returns to shareholders of 152% over the past year.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$363, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 121% over the past year.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$348, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 131% over the past year.
New Risk • Dec 18New 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 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (65% accrual ratio).
お知らせ • Nov 28W&B Technology Ltd. has completed an IPO in the amount of TWD 903 million.W&B Technology Ltd. has completed an IPO in the amount of TWD 903 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,244,000 Price\Range: TWD 280 Security Name: Shares Security Type: Common Stock Securities Offered: 981,000 Price\Range: TWD 280
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$5.69 (vs NT$3.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.69 (up from NT$3.43 in 3Q 2024). Revenue: NT$663.8m (up 53% from 3Q 2024). Net income: NT$163.4m (up 67% from 3Q 2024). Profit margin: 25% (up from 23% in 3Q 2024). The increase in margin was driven by higher revenue.
お知らせ • Oct 04W&B Technology Ltd. has filed an IPO.W&B Technology Ltd. has filed an IPO. Security Name: Shares Security Type: Common Stock Price\Range: TWD 258
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$380, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 161% over the past year.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$258, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 20x in the Machinery industry in Taiwan.
New Risk • Aug 08New 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 6.1% 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 High level of non-cash earnings (83% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$206, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the Machinery industry in Taiwan.
Reported Earnings • Jul 19First quarter 2025 earnings released: EPS: NT$4.00 (vs NT$2.12 in 1Q 2024)First quarter 2025 results: EPS: NT$4.00 (up from NT$2.12 in 1Q 2024). Revenue: NT$535.9m (up 112% from 1Q 2024). Net income: NT$114.9m (up 98% from 1Q 2024). Profit margin: 21% (down from 23% in 1Q 2024). The decrease in margin was driven by higher expenses.
New Risk • Apr 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk High level of non-cash earnings (119% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.9% average weekly change).
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: NT$10.72 (vs NT$11.28 in FY 2023)Full year 2024 results: EPS: NT$10.72. Revenue: NT$1.48b (up 28% from FY 2023). Net income: NT$300.3m (up 38% from FY 2023). Profit margin: 20% (up from 19% in FY 2023). The increase in margin was driven by higher revenue.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 7.9% over the past year. High level of non-cash earnings (59% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change).
New Risk • Apr 07New 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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Revenue has declined by 7.9% over the past year. High level of non-cash earnings (59% accrual ratio).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$139, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 19x in the Machinery industry in Taiwan.
お知らせ • Mar 06W&B Technology Ltd., Annual General Meeting, May 22, 2025W&B Technology Ltd., Annual General Meeting, May 22, 2025, at 10:00 Taipei Standard Time. Location: 3 floor no,186, shih cheng pei 7th rd., hsi tun district, taichung city Taiwan
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$189, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 20x in the Machinery industry in Taiwan.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$175, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 20x in the Machinery industry in Taiwan.