View ValuationExcel Cell Electronic 将来の成長Future 基準チェック /06現在、 Excel Cell Electronic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Electrical 収益成長35.0%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None最終更新日n/a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 updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.15 (vs NT$0.17 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.15 (up from NT$0.17 loss in 1Q 2025). Revenue: NT$480.5m (up 14% from 1Q 2025). Net income: NT$16.0m (up NT$34.4m from 1Q 2025). Profit margin: 3.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.Upcoming Dividend • Mar 23Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.5%).Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.60 (vs NT$0.35 in FY 2024)Full year 2025 results: EPS: NT$0.60 (up from NT$0.35 in FY 2024). Revenue: NT$1.76b (down 2.5% from FY 2024). Net income: NT$64.6m (up 70% from FY 2024). Profit margin: 3.7% (up from 2.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Mar 09Excel Cell Electronic Co., Ltd., Annual General Meeting, May 29, 2026Excel Cell Electronic Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,20, kung yeh ou rd., nan tun district, taichung city TaiwanDeclared Dividend • Mar 09Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years.お知らせ • Mar 07Excel Cell Electronic Co., Ltd. announces Annual dividend, payable on April 30, 2026Excel Cell Electronic Co., Ltd. announced Annual dividend of TWD 0.3000 per share payable on April 30, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.60, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total loss to shareholders of 4.6% over the past three years.Reported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.14 profit in 3Q 2024)Third quarter 2025 results: NT$0.07 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$434.7m (up 3.6% from 3Q 2024). Net loss: NT$7.65m (down 149% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.92 (vs NT$0.20 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.92 (up from NT$0.20 in 2Q 2024). Revenue: NT$469.6m (down 6.9% from 2Q 2024). Net income: NT$99.8m (up 346% from 2Q 2024). Profit margin: 21% (up from 4.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.New Risk • May 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$1.99b market cap, or US$66.2m).Reported Earnings • May 06First quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.12 profit in 1Q 2024)First quarter 2025 results: NT$0.17 loss per share (down from NT$0.12 profit in 1Q 2024). Revenue: NT$421.0m (flat on 1Q 2024). Net loss: NT$18.4m (down 238% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Apr 27Excel Cell Electronic Co., Ltd. to Report Q1, 2025 Results on May 05, 2025Excel Cell Electronic Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$16.10, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total loss to shareholders of 26% over the past three years.Upcoming Dividend • Mar 20Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (2.6%).分析記事 • Mar 15Excel Cell Electronic (TWSE:2483) Has Affirmed Its Dividend Of NT$0.30Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that it will pay a dividend of NT$0.30 per share on the 2nd...Reported Earnings • Mar 08Full year 2024 earnings releasedFull year 2024 results: Revenue: NT$1.81b (flat on FY 2023). Net income: NT$37.9m (up 7.5% from FY 2023). Profit margin: 2.1% (up from 2.0% in FY 2023).分析記事 • Feb 28Excel Cell Electronic (TWSE:2483) Has Announced A Dividend Of NT$0.30The board of Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that it will pay a dividend of NT$0.30 per...Declared Dividend • Feb 28Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 27th March 2025 Payment date: 2nd May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 27+ 1 more updateExcel Cell Electronic Co., Ltd. Announces Dividend for the Year 2024, Payable on May 2, 2025Excel Cell Electronic Co., Ltd. announced cash dividend of TWD 32,728,143 (TWD 0.3 per share) of common stock for the year 2024. Ex-rights (ex-dividend) trading date: March 27, 2025. Ex-rights (ex-dividend) record date: April 4, 2025. Payment date of common stock cash dividend distribution: May 2, 2025.お知らせ • Feb 19Excel Cell Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025Excel Cell Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025New Risk • Nov 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 2.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% 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 (1.8% net profit margin). Market cap is less than US$100m (NT$2.44b market cap, or US$75.3m).分析記事 • Nov 15Why Excel Cell Electronic's (TWSE:2483) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) last week didn't sink the stock...New Risk • Nov 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 369% 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 18% 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 (1.8% net profit margin). Market cap is less than US$100m (NT$2.53b market cap, or US$78.3m).Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.19 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.14 (down from NT$0.19 in 3Q 2023). Revenue: NT$419.6m (down 3.9% from 3Q 2023). Net income: NT$15.8m (down 25% from 3Q 2023). Profit margin: 3.8% (down from 4.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 30Excel Cell Electronic Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024Reported Earnings • Aug 06Second quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.21 (down from NT$0.34 in 2Q 2023). Revenue: NT$504.4m (up 3.6% from 2Q 2023). Net income: NT$22.4m (down 40% from 2Q 2023). Profit margin: 4.4% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Jul 27Excel Cell Electronic Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024お知らせ • Apr 28Excel Cell Electronic Co., Ltd. to Report Q1, 2024 Results on May 03, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024Upcoming Dividend • Mar 22Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 29 March 2024. Payment date: 02 May 2024. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (2.3%).分析記事 • Mar 15Excel Cell Electronic's (TWSE:2483) Weak Earnings May Only Reveal A Part Of The Whole PictureA lackluster earnings announcement from Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) last week didn't sink the stock...New Risk • Mar 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% 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 15% 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 (2.0% net profit margin). Market cap is less than US$100m (NT$2.50b market cap, or US$79.1m).Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$0.32 (vs NT$1.54 in FY 2022)Full year 2023 results: EPS: NT$0.32 (down from NT$1.54 in FY 2022). Revenue: NT$1.80b (down 19% from FY 2022). Net income: NT$35.3m (down 79% from FY 2022). Profit margin: 2.0% (down from 7.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.分析記事 • Mar 08Excel Cell Electronic's (TWSE:2483) Dividend Is Being Reduced To NT$0.30The board of Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that the dividend on 2nd of May will be...Declared Dividend • Mar 08Dividend reduced to NT$0.30Dividend of NT$0.30 is 70% lower than last year. Ex-date: 29th March 2024 Payment date: 2nd May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years.お知らせ • Mar 07+ 1 more updateExcel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2024Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2024. Location: No. 20, Gongyequ 25th Rd., Nantun District, Taichung City Taiwan Agenda: To consider 2023 Employees' and Directors' Remuneration Distribution Statement; to consider 2023 Business Report; to consider Audit Committee's Review Report; to consider Distribution of cash dividends from the 2023 earnings; to consider Report on Directors' Remuneration; to consider Ratification of the 2023 Business Report, Financial Statements, and Consolidated Financial Statements; to consider Ratification of the 2023 Statement of Earnings Distribution; and to consider Amendment to the Rules for 13908 Endorsement Guarantee.New Risk • Feb 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$2.65b market cap, or US$84.2m).New Risk • Aug 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 8.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$2.72b market cap, or US$85.8m).Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.62 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.62 in 2Q 2022). Revenue: NT$487.0m (down 23% from 2Q 2022). Net income: NT$37.1m (down 45% from 2Q 2022). Profit margin: 7.6% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Mar 23Upcoming dividend of NT$1.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.3%).Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.54 (vs NT$1.40 in FY 2021)Full year 2022 results: EPS: NT$1.54 (up from NT$1.40 in FY 2021). Revenue: NT$2.23b (up 2.5% from FY 2021). Net income: NT$167.8m (up 9.6% from FY 2021). Profit margin: 7.5% (up from 7.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.42 (vs NT$0.20 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.42 (up from NT$0.20 in 3Q 2021). Revenue: NT$536.3m (down 9.6% from 3Q 2021). Net income: NT$46.2m (up 115% from 3Q 2021). Profit margin: 8.6% (up from 3.6% in 3Q 2021). 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 7% per year.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$25.60, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 46% over the past three years.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 70% over the past three years.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.62 (vs NT$1.01 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.62. Revenue: NT$1.26b (up 142% from 2Q 2021). Net income: NT$140.5m (up 27% from 2Q 2021). Profit margin: 11% (down from 21% in 2Q 2021).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$23.25, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 32% over the past three years.Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.50 (up from NT$0.08 in 1Q 2021). Revenue: NT$571.8m (up 21% from 1Q 2021). Net income: NT$54.4m (up NT$45.7m from 1Q 2021). Profit margin: 9.5% (up from 1.9% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 24Inaugural dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 March 2022. Payment date: 05 May 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in March 2013. The average dividend yield among industry peers is 3.2%.Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.40 (up from NT$0.76 in FY 2020). Revenue: NT$2.17b (up 22% from FY 2020). Net income: NT$153.1m (up 84% from FY 2020). Profit margin: 7.1% (up from 4.7% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.043 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$593.0m (up 31% from 3Q 2020). Net income: NT$21.5m (up 358% from 3Q 2020). Profit margin: 3.6% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$31.40, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 83% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$521.0m (up 11% from 2Q 2020). Net income: NT$110.5m (up 344% from 2Q 2020). Profit margin: 21% (up from 5.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 24Inaugural dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 31 March 2021. Payment date: 03 May 2021. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 3.5%.分析記事 • Mar 22We Think Excel Cell Electronic (TPE:2483) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Mar 17Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2021Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2021.Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$0.76 (vs NT$1.44 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$1.78b (flat on FY 2019). Net income: NT$83.3m (down 48% from FY 2019). Profit margin: 4.7% (down from 8.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 03New 90-day high: NT$20.60The company is up 6.0% from its price of NT$19.50 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period.分析記事 • Mar 01Be Wary Of Excel Cell Electronic (TPE:2483) And Its Returns On CapitalWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...分析記事 • Feb 08Reflecting on Excel Cell Electronic's (TPE:2483) Share Price Returns Over The Last Three YearsIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...分析記事 • Jan 18Excel Cell Electronic Co., Ltd.'s (TPE:2483) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?Excel Cell Electronic's (TPE:2483) stock is up by 2.1% over the past month. However, the company's financials look a...Is New 90 Day High Low • Jan 04New 90-day high: NT$20.55The company is up 8.0% from its price of NT$19.05 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 11% over the same period.分析記事 • Dec 28We're Not So Sure You Should Rely on Excel Cell Electronic's (TPE:2483) Statutory EarningsIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Is New 90 Day High Low • Dec 15New 90-day high: NT$19.70The company is up 4.0% from its price of NT$19.00 on 16 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 6.0% over the same period.分析記事 • Dec 07Excel Cell Electronic (TPE:2483) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 20Are Investors Concerned With What's Going On At Excel Cell Electronic (TPE:2483)?What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll...Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.04The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: NT$452.6m (flat on 3Q 2019). Net income: NT$4.68m (down 89% from 3Q 2019). Profit margin: 1.0% (down from 9.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.Is New 90 Day High Low • Oct 20New 90-day high: NT$19.55The company is up 2.0% from its price of NT$19.20 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 11% over the same period. 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、Excel Cell Electronic 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TWSE:2483 - 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3/31/20261,82199-24655N/A12/31/20251,76265-27732N/A9/30/20251,78960-27296N/A6/30/20251,77483-221185N/A3/31/20251,8086-87288N/A12/31/20241,80638-103240N/A9/30/20241,7723332266N/A6/30/20241,78938200408N/A3/31/20241,77252101271N/A12/31/20231,7963579294N/A9/30/20231,8545446403N/A6/30/20231,95479-27383N/A3/31/20232,09711052506N/A12/31/20222,226168-29439N/A9/30/20222,322181-197249N/A6/30/20222,379156-35740N/A3/31/20222,270199-527-118N/A12/31/20212,171153-541-122N/A9/30/20212,058127-410-17N/A6/30/20211,917110-31963N/A3/31/20211,86624-30685N/A12/31/20201,78083-144175N/A9/30/20201,74296-97181N/A6/30/20201,738134-80160N/A3/31/20201,724163-8174N/A12/31/20191,789159N/A246N/A9/30/20191,832187N/A301N/A6/30/20191,926213N/A359N/A3/31/20192,000217N/A441N/A12/31/20182,037166N/A316N/A9/30/20182,018179N/A263N/A6/30/20181,975187N/A266N/A3/31/20181,891174N/A179N/A12/31/20171,793162N/A185N/A9/30/20171,753186N/A239N/A6/30/20171,672147N/A212N/A3/31/20171,649142N/A373N/A12/31/20161,630178N/A256N/A9/30/20161,595136N/A177N/A6/30/20161,581167N/A244N/A3/31/20161,567206N/A158N/A12/31/20151,560193N/A310N/A9/30/20151,550207N/A342N/A6/30/20151,584195N/A295N/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: 2483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: 2483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: 2483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: 2483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: 2483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: 2483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 09:20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Excel Cell Electronic Co., Ltd. 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 11First quarter 2026 earnings released: EPS: NT$0.15 (vs NT$0.17 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.15 (up from NT$0.17 loss in 1Q 2025). Revenue: NT$480.5m (up 14% from 1Q 2025). Net income: NT$16.0m (up NT$34.4m from 1Q 2025). Profit margin: 3.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
Upcoming Dividend • Mar 23Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.5%).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.60 (vs NT$0.35 in FY 2024)Full year 2025 results: EPS: NT$0.60 (up from NT$0.35 in FY 2024). Revenue: NT$1.76b (down 2.5% from FY 2024). Net income: NT$64.6m (up 70% from FY 2024). Profit margin: 3.7% (up from 2.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 09Excel Cell Electronic Co., Ltd., Annual General Meeting, May 29, 2026Excel Cell Electronic Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,20, kung yeh ou rd., nan tun district, taichung city Taiwan
Declared Dividend • Mar 09Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years.
お知らせ • Mar 07Excel Cell Electronic Co., Ltd. announces Annual dividend, payable on April 30, 2026Excel Cell Electronic Co., Ltd. announced Annual dividend of TWD 0.3000 per share payable on April 30, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.60, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total loss to shareholders of 4.6% over the past three years.
Reported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.14 profit in 3Q 2024)Third quarter 2025 results: NT$0.07 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$434.7m (up 3.6% from 3Q 2024). Net loss: NT$7.65m (down 149% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.92 (vs NT$0.20 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.92 (up from NT$0.20 in 2Q 2024). Revenue: NT$469.6m (down 6.9% from 2Q 2024). Net income: NT$99.8m (up 346% from 2Q 2024). Profit margin: 21% (up from 4.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
New Risk • May 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$1.99b market cap, or US$66.2m).
Reported Earnings • May 06First quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.12 profit in 1Q 2024)First quarter 2025 results: NT$0.17 loss per share (down from NT$0.12 profit in 1Q 2024). Revenue: NT$421.0m (flat on 1Q 2024). Net loss: NT$18.4m (down 238% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 27Excel Cell Electronic Co., Ltd. to Report Q1, 2025 Results on May 05, 2025Excel Cell Electronic Co., Ltd. announced that they will report Q1, 2025 results on May 05, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$16.10, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total loss to shareholders of 26% over the past three years.
Upcoming Dividend • Mar 20Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (2.6%).
分析記事 • Mar 15Excel Cell Electronic (TWSE:2483) Has Affirmed Its Dividend Of NT$0.30Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that it will pay a dividend of NT$0.30 per share on the 2nd...
Reported Earnings • Mar 08Full year 2024 earnings releasedFull year 2024 results: Revenue: NT$1.81b (flat on FY 2023). Net income: NT$37.9m (up 7.5% from FY 2023). Profit margin: 2.1% (up from 2.0% in FY 2023).
分析記事 • Feb 28Excel Cell Electronic (TWSE:2483) Has Announced A Dividend Of NT$0.30The board of Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that it will pay a dividend of NT$0.30 per...
Declared Dividend • Feb 28Dividend of NT$0.30 announcedDividend of NT$0.30 is the same as last year. Ex-date: 27th March 2025 Payment date: 2nd May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 29% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 27+ 1 more updateExcel Cell Electronic Co., Ltd. Announces Dividend for the Year 2024, Payable on May 2, 2025Excel Cell Electronic Co., Ltd. announced cash dividend of TWD 32,728,143 (TWD 0.3 per share) of common stock for the year 2024. Ex-rights (ex-dividend) trading date: March 27, 2025. Ex-rights (ex-dividend) record date: April 4, 2025. Payment date of common stock cash dividend distribution: May 2, 2025.
お知らせ • Feb 19Excel Cell Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025Excel Cell Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025
New Risk • Nov 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 2.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% 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 (1.8% net profit margin). Market cap is less than US$100m (NT$2.44b market cap, or US$75.3m).
分析記事 • Nov 15Why Excel Cell Electronic's (TWSE:2483) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) last week didn't sink the stock...
New Risk • Nov 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 369% 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 18% 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 (1.8% net profit margin). Market cap is less than US$100m (NT$2.53b market cap, or US$78.3m).
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.19 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.14 (down from NT$0.19 in 3Q 2023). Revenue: NT$419.6m (down 3.9% from 3Q 2023). Net income: NT$15.8m (down 25% from 3Q 2023). Profit margin: 3.8% (down from 4.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 30Excel Cell Electronic Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
Reported Earnings • Aug 06Second quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.21 (down from NT$0.34 in 2Q 2023). Revenue: NT$504.4m (up 3.6% from 2Q 2023). Net income: NT$22.4m (down 40% from 2Q 2023). Profit margin: 4.4% (down from 7.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 27Excel Cell Electronic Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024
お知らせ • Apr 28Excel Cell Electronic Co., Ltd. to Report Q1, 2024 Results on May 03, 2024Excel Cell Electronic Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024
Upcoming Dividend • Mar 22Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 29 March 2024. Payment date: 02 May 2024. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (2.3%).
分析記事 • Mar 15Excel Cell Electronic's (TWSE:2483) Weak Earnings May Only Reveal A Part Of The Whole PictureA lackluster earnings announcement from Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) last week didn't sink the stock...
New Risk • Mar 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% 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 15% 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 (2.0% net profit margin). Market cap is less than US$100m (NT$2.50b market cap, or US$79.1m).
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$0.32 (vs NT$1.54 in FY 2022)Full year 2023 results: EPS: NT$0.32 (down from NT$1.54 in FY 2022). Revenue: NT$1.80b (down 19% from FY 2022). Net income: NT$35.3m (down 79% from FY 2022). Profit margin: 2.0% (down from 7.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
分析記事 • Mar 08Excel Cell Electronic's (TWSE:2483) Dividend Is Being Reduced To NT$0.30The board of Excel Cell Electronic Co., Ltd. ( TWSE:2483 ) has announced that the dividend on 2nd of May will be...
Declared Dividend • Mar 08Dividend reduced to NT$0.30Dividend of NT$0.30 is 70% lower than last year. Ex-date: 29th March 2024 Payment date: 2nd May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years.
お知らせ • Mar 07+ 1 more updateExcel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2024Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2024. Location: No. 20, Gongyequ 25th Rd., Nantun District, Taichung City Taiwan Agenda: To consider 2023 Employees' and Directors' Remuneration Distribution Statement; to consider 2023 Business Report; to consider Audit Committee's Review Report; to consider Distribution of cash dividends from the 2023 earnings; to consider Report on Directors' Remuneration; to consider Ratification of the 2023 Business Report, Financial Statements, and Consolidated Financial Statements; to consider Ratification of the 2023 Statement of Earnings Distribution; and to consider Amendment to the Rules for 13908 Endorsement Guarantee.
New Risk • Feb 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$2.65b market cap, or US$84.2m).
New Risk • Aug 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% 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 8.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$2.72b market cap, or US$85.8m).
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.62 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.62 in 2Q 2022). Revenue: NT$487.0m (down 23% from 2Q 2022). Net income: NT$37.1m (down 45% from 2Q 2022). Profit margin: 7.6% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Mar 23Upcoming dividend of NT$1.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.3%).
Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.54 (vs NT$1.40 in FY 2021)Full year 2022 results: EPS: NT$1.54 (up from NT$1.40 in FY 2021). Revenue: NT$2.23b (up 2.5% from FY 2021). Net income: NT$167.8m (up 9.6% from FY 2021). Profit margin: 7.5% (up from 7.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.42 (vs NT$0.20 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.42 (up from NT$0.20 in 3Q 2021). Revenue: NT$536.3m (down 9.6% from 3Q 2021). Net income: NT$46.2m (up 115% from 3Q 2021). Profit margin: 8.6% (up from 3.6% in 3Q 2021). 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 7% per year.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$25.60, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 46% over the past three years.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 70% over the past three years.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.62 (vs NT$1.01 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.62. Revenue: NT$1.26b (up 142% from 2Q 2021). Net income: NT$140.5m (up 27% from 2Q 2021). Profit margin: 11% (down from 21% in 2Q 2021).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$23.25, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 32% over the past three years.
Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.50 (up from NT$0.08 in 1Q 2021). Revenue: NT$571.8m (up 21% from 1Q 2021). Net income: NT$54.4m (up NT$45.7m from 1Q 2021). Profit margin: 9.5% (up from 1.9% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 24Inaugural dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 March 2022. Payment date: 05 May 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in March 2013. The average dividend yield among industry peers is 3.2%.
Reported Earnings • Mar 10Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.40 (up from NT$0.76 in FY 2020). Revenue: NT$2.17b (up 22% from FY 2020). Net income: NT$153.1m (up 84% from FY 2020). Profit margin: 7.1% (up from 4.7% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.043 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$593.0m (up 31% from 3Q 2020). Net income: NT$21.5m (up 358% from 3Q 2020). Profit margin: 3.6% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$31.40, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 83% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.23 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$521.0m (up 11% from 2Q 2020). Net income: NT$110.5m (up 344% from 2Q 2020). Profit margin: 21% (up from 5.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 24Inaugural dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 31 March 2021. Payment date: 03 May 2021. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 3.5%.
分析記事 • Mar 22We Think Excel Cell Electronic (TPE:2483) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Mar 17Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2021Excel Cell Electronic Co., Ltd., Annual General Meeting, May 31, 2021.
Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$0.76 (vs NT$1.44 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$1.78b (flat on FY 2019). Net income: NT$83.3m (down 48% from FY 2019). Profit margin: 4.7% (down from 8.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 03New 90-day high: NT$20.60The company is up 6.0% from its price of NT$19.50 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period.
分析記事 • Mar 01Be Wary Of Excel Cell Electronic (TPE:2483) And Its Returns On CapitalWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...
分析記事 • Feb 08Reflecting on Excel Cell Electronic's (TPE:2483) Share Price Returns Over The Last Three YearsIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
分析記事 • Jan 18Excel Cell Electronic Co., Ltd.'s (TPE:2483) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?Excel Cell Electronic's (TPE:2483) stock is up by 2.1% over the past month. However, the company's financials look a...
Is New 90 Day High Low • Jan 04New 90-day high: NT$20.55The company is up 8.0% from its price of NT$19.05 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 11% over the same period.
分析記事 • Dec 28We're Not So Sure You Should Rely on Excel Cell Electronic's (TPE:2483) Statutory EarningsIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Is New 90 Day High Low • Dec 15New 90-day high: NT$19.70The company is up 4.0% from its price of NT$19.00 on 16 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 6.0% over the same period.
分析記事 • Dec 07Excel Cell Electronic (TPE:2483) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 20Are Investors Concerned With What's Going On At Excel Cell Electronic (TPE:2483)?What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll...
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.04The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: NT$452.6m (flat on 3Q 2019). Net income: NT$4.68m (down 89% from 3Q 2019). Profit margin: 1.0% (down from 9.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.
Is New 90 Day High Low • Oct 20New 90-day high: NT$19.55The company is up 2.0% from its price of NT$19.20 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 11% over the same period.