View Future GrowthAcBel Polytech 過去の業績過去 基準チェック /26AcBel Polytechの収益は年間平均-54%の割合で減少していますが、 Electrical業界の収益は年間 増加しています。収益は年間3.2% 9.9%割合で 増加しています。 AcBel Polytechの自己資本利益率は1.9%であり、純利益率は1.3%です。主要情報-54.04%収益成長率-58.52%EPS成長率Electrical 業界の成長18.73%収益成長率9.93%株主資本利益率1.86%ネット・マージン1.30%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.27 (vs NT$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.27 (up from NT$0.059 loss in 1Q 2025). Revenue: NT$8.58b (up 21% from 1Q 2025). Net income: NT$234.3m (up NT$284.8m from 1Q 2025). Profit margin: 2.7% (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 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.17 (vs NT$0.057 loss in FY 2024)Full year 2025 results: EPS: NT$0.17 (up from NT$0.057 loss in FY 2024). Revenue: NT$31.7b (flat on FY 2024). Net income: NT$146.8m (up NT$195.8m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 loss in 3Q 2024). Revenue: NT$8.07b (down 4.2% from 3Q 2024). Net income: NT$254.4m (up NT$485.3m from 3Q 2024). Profit margin: 3.2% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.16 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$7.34b (down 7.5% from 2Q 2024). Net loss: NT$538.4m (down 499% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.Reported Earnings • May 13First quarter 2025 earnings released: NT$0.057 loss per share (vs NT$0.095 loss in 1Q 2024)First quarter 2025 results: NT$0.057 loss per share (improved from NT$0.095 loss in 1Q 2024). Revenue: NT$7.12b (flat on 1Q 2024). Net loss: NT$50.5m (loss narrowed 38% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.お知らせ • May 03AcBel Polytech Inc. to Report Q1, 2025 Results on May 12, 2025AcBel Polytech Inc. announced that they will report Q1, 2025 results on May 12, 2025すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • 3hInvestor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$40.30, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 22x in the Electrical industry in Taiwan. Total loss to shareholders of 19% over the past three years.Declared Dividend • Jul 17Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 17th August 2026 Payment date: 11th September 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is well covered by cash flows (44% 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 76% to bring the payout ratio under control. However, EPS has declined by 28% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.27 (vs NT$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.27 (up from NT$0.059 loss in 1Q 2025). Revenue: NT$8.58b (up 21% from 1Q 2025). Net income: NT$234.3m (up NT$284.8m from 1Q 2025). Profit margin: 2.7% (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 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 466% Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 64% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (466% payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.17 (vs NT$0.057 loss in FY 2024)Full year 2025 results: EPS: NT$0.17 (up from NT$0.057 loss in FY 2024). Revenue: NT$31.7b (flat on FY 2024). Net income: NT$146.8m (up NT$195.8m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12AcBel Polytech Inc., Annual General Meeting, May 28, 2026AcBel Polytech Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,18, sec.2 chung yang s. rd., beitou district, taipei city TaiwanNew Risk • Jan 21New 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 8.6% 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 (8.6% average weekly change). Earnings have declined by 66% per year over the past 5 years.New Risk • Nov 22New 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 8.6% 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 (8.6% average weekly change). Earnings have declined by 66% per year over the past 5 years.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 loss in 3Q 2024). Revenue: NT$8.07b (down 4.2% from 3Q 2024). Net income: NT$254.4m (up NT$485.3m from 3Q 2024). Profit margin: 3.2% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.New Risk • Oct 22New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).お知らせ • Oct 14Acbel Unveils Its Ruby-Level Power Rack System At OCP Global Summit 2025Acbel unveiled its Ruby-level power rack system at Global Summit 2025, pushing the boundaries of AI data center power. These innovative CRPS and rack-level power systems, engineered to provide scalable, reliable, and sustainable power, deliver high efficiency, density, and resiliency for hyperscale AI and HPC workloads, powering the future of AI. Key Highlights; Ruby-level efficiency achieved, enabling hyperscale AI and HPC performance. Highly scalable architecture from 33kW to 72kW, engineered for accelerating large-scale AI deployments. Resilient power with redundancy and active current sharing, ensuring uninterrupted AI workloads. Aligned with leading global AI roadmaps, supporting seamless integration with next-gen servers and cooling systems. Acbel's latest innovations address the industry support from shelf-based PSUs to fully rack-integrated architectures enabling higher efficiency, simplified system scalability, and improved total cost of ownership. Dedicated to pioneering efficient and scalable power solutions, Acbel's systems adapt to evolving AI workloads, work harmoniously with renewable energy, and drive sustainable growth for hyperscale data centers worldwide.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.16 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$7.34b (down 7.5% from 2Q 2024). Net loss: NT$538.4m (down 499% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 11Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 18 August 2025. Payment date: 12 September 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.5%).Reported Earnings • May 13First quarter 2025 earnings released: NT$0.057 loss per share (vs NT$0.095 loss in 1Q 2024)First quarter 2025 results: NT$0.057 loss per share (improved from NT$0.095 loss in 1Q 2024). Revenue: NT$7.12b (flat on 1Q 2024). Net loss: NT$50.5m (loss narrowed 38% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.お知らせ • May 03AcBel Polytech Inc. to Report Q1, 2025 Results on May 12, 2025AcBel Polytech Inc. announced that they will report Q1, 2025 results on May 12, 2025New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$220.2m (US$6.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (NT$220.2m market cap, or US$6.82m).分析記事 • Mar 23Investors Don't See Light At End Of AcBel Polytech Inc.'s (TWSE:6282) TunnelWith a price-to-sales (or "P/S") ratio of 0.9x AcBel Polytech Inc. ( TWSE:6282 ) may be sending bullish signals at the...Buy Or Sell Opportunity • Mar 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to NT$32.00. The fair value is estimated to be NT$26.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 14+ 1 more updateAcBel Polytech Inc., Annual General Meeting, May 28, 2025AcBel Polytech Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,18, sec.2 chung yang s. rd., beitou district, taipei city Taiwanお知らせ • Mar 05AcBel Polytech Inc. to Report Q4, 2024 Results on Mar 12, 2025AcBel Polytech Inc. announced that they will report Q4, 2024 results on Mar 12, 2025Buy Or Sell Opportunity • Mar 05Now 23% overvaluedOver the last 90 days, the stock has fallen 3.1% to NT$32.45. The fair value is estimated to be NT$26.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Feb 18Is AcBel Polytech (TWSE:6282) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Buy Or Sell Opportunity • Feb 14Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to NT$32.75. The fair value is estimated to be NT$26.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jan 24+ 1 more updateAcbel Polytech Inc. Announces Change of the PresidentAcBel Polytech Inc. announced change of the president. Previous Position Holder Hsu Chieh-Li. Resume: Chairman and President of Acbel Polytech Inc. New Position Holder: Name: Lu Yi-Hsing. Resume: Executive Vice President of Acbel Polytech Inc. Effective Date: February 3, 2025.New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 51% 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. This is currently the only risk that has been identified for the company.New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.分析記事 • Dec 15There Are Reasons To Feel Uneasy About AcBel Polytech's (TWSE:6282) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Nov 26AcBel Polytech Inc.'s (TWSE:6282) Revenues Are Not Doing Enough For Some InvestorsAcBel Polytech Inc.'s ( TWSE:6282 ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.27 loss per share (down from NT$0.095 profit in 3Q 2023). Revenue: NT$8.43b (down 14% from 3Q 2023). Net loss: NT$222.2m (down 410% from profit in 3Q 2023). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Oct 31AcBel Polytech Inc. to Report Q3, 2024 Results on Nov 06, 2024AcBel Polytech Inc. announced that they will report Q3, 2024 results on Nov 06, 2024Upcoming Dividend • Aug 26Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 02 September 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.4%).分析記事 • Aug 15Weak Statutory Earnings May Not Tell The Whole Story For AcBel Polytech (TWSE:6282)The market shrugged off AcBel Polytech Inc.'s ( TWSE:6282 ) weak earnings report last week. Our analysis suggests that...New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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 Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.03 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.16 (up from NT$0.03 in 2Q 2023). Revenue: NT$7.94b (up 70% from 2Q 2023). Net income: NT$135.1m (up NT$119.6m from 2Q 2023). Profit margin: 1.7% (up from 0.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.お知らせ • Jul 31AcBel Polytech Inc. to Report Q2, 2024 Results on Aug 07, 2024AcBel Polytech Inc. announced that they will report Q2, 2024 results on Aug 07, 2024お知らせ • Jul 23AcBel Polytech Inc. Approves Cash Dividend, Payable on September 30, 2024AcBel Polytech Inc. approved total amount of cash dividend which distributed to common shares is TWD 430,930,063 (The dividend is TWD 0.5 per share). Ex-rights (ex-dividend) trading date is September 2, 2024. Ex-rights (ex-dividend) record date is September 8, 2024. Payment date of common stock cash dividend distribution is September 30, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the company is July 22, 2024.分析記事 • Jul 22AcBel Polytech (TWSE:6282) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Jun 18We Think AcBel Polytech (TWSE:6282) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • May 09First quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.057 profit in 1Q 2023)First quarter 2024 results: NT$0.10 loss per share (down from NT$0.057 profit in 1Q 2023). Revenue: NT$7.18b (up 40% from 1Q 2023). Net loss: NT$81.4m (down 376% from profit in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.New Risk • Mar 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.08% net profit margin).Reported Earnings • Mar 14Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$0.033 (down from NT$1.23 in FY 2022). Revenue: NT$27.8b (up 10.0% from FY 2022). Net income: NT$21.7m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Mar 13AcBel Polytech Inc., Annual General Meeting, Jun 20, 2024AcBel Polytech Inc., Annual General Meeting, Jun 20, 2024. Location: No.18, Sec.2, Zhongyang S.Rd., Beitou Dist., Taipei City Taipei City Taiwan Agenda: To discuss Business report of the year 2023; to discuss 2023 Audit Report of the audit committee; to discuss report the distribution of remunerations to employees and directors for the year of 2023; to discuss report the distribution of cash dividends with earnings in Fiscal Year 2023; and to discuss other matters.分析記事 • Feb 29Investors Will Want AcBel Polytech's (TWSE:6282) Growth In ROCE To PersistWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Dec 23AcBel Polytech Inc. Appoints Chang Hung-Jen as Chief Information Security OfficerAcBel Polytech Inc. announced the appointment of Chang Hung-Jen as Chief Information Security Officer. Effective date is December 22, 2023.New Risk • Nov 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin).お知らせ • Sep 29AcBel Polytech Inc. Announces Changes in the Company's Financial Officer, Accounting Officer, and Corporate Governance OfficerAcBel Polytech Inc. Announces changes in the company's Financial officer, Accounting officer, and Corporate Governance officer. Date of occurrence of the change is September 28, 2023. Name, title, and resume of the previous position holder: Yeh Jin-Mao, CFO of AcBel Polytech Inc. Name, title, and resume of the new position holder: Chen Jian-Nan,Assistant Vice President of AcBel Polytech Inc. Type of the change is Retirement. Reason for the change is Retirement. Effective date is October 1, 2023. The new officer of Financial, Accounting and Corporate Governance will be ratified by the Board of Directors at an upcoming meeting.New Risk • Aug 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 2.8% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.03 (down from NT$0.49 in 2Q 2022). Revenue: NT$4.93b (down 26% from 2Q 2022). Net income: NT$15.4m (down 94% from 2Q 2022). Profit margin: 0.3% (down from 3.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.New Risk • Jul 19New major 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 7.6% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).Reported Earnings • Jul 08First quarter 2023 earnings released: EPS: NT$0.057 (vs NT$0.20 in 1Q 2022)First quarter 2023 results: EPS: NT$0.057 (down from NT$0.20 in 1Q 2022). Revenue: NT$5.14b (down 16% from 1Q 2022). Net income: NT$29.6m (down 72% from 1Q 2022). Profit margin: 0.6% (down from 1.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$53.60, the stock trades at a trailing P/E ratio of 51x. Average forward P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 194% over the past three years.Upcoming Dividend • Jun 19Upcoming dividend of NT$0.20 per share at 0.4% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.0%).お知らせ • Jun 09Acbel Polytech Inc. Announces Adjustment of Cash DividendAcBel Polytech Inc. announced the adjustment of cash dividends distribution ratio. Type and monetary amount of original dividend distribution: Cash dividends TWD 0.2 per share, total amount is TWD 105,220,259. Type and monetary amount of dividend distribution after the change:cash dividends TWD 0.19717084 per share, total amount is TWD 105,220,259. Reason for the change: Due to the conversion of the Company’s convertible bonds into 7,763,903 shares and redeem the RSA failed to meet the vesting condition 215,000 shares, resulted in outstanding common shares total 533,650,198 shares. Therefore, the adjusted cash dividend ratio is $0.19717084 per share.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$49.85, the stock trades at a trailing P/E ratio of 64.6x. Average forward P/E is 18x in the Electrical industry in Taiwan. Total returns to shareholders of 171% over the past three years.お知らせ • May 27+ 1 more updateAcBel Polytech Inc. Announces Executive ChangesAcBel Polytech Inc. at the shareholders' meeting held on May 26, 2023 approved election of Director: Chang Yung-Ching /Chairman of Allied Circuit Co. Ltd. Independent Director: Chen Mei-Ling /Chairman of Taiwan Regional Revitalization Foundation. Effective date of the new appointment is May 26, 2023. Chen Mei-Ling /Independent Director of AcBel Polytech Inc. also appointed as members of the Company's Remuneration Committee, Audit Committee and Sustainable Development Committee.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$35.20, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 76% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Lien-Sheng Tsai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.76 (vs NT$0.48 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.76 (up from NT$0.48 in 3Q 2021). Revenue: NT$6.75b (up 16% from 3Q 2021). Net income: NT$390.6m (up 58% from 3Q 2021). Profit margin: 5.8% (up from 4.2% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Nov 05AcBel Polytech Inc. Establishes Sustainable Development CommitteeAcBel Polytech Inc. announced the establishment of Sustainable Development Committee. Name of the new position holder: Lin,Neng-Pai/Tsai,Lien-Sheng/Hwang,Jung-Chiou, Effective date of the new member is November 4, 2022.Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.34 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.49 (up from NT$0.34 in 2Q 2021). Revenue: NT$6.62b (up 35% from 2Q 2021). Net income: NT$253.8m (up 44% from 2Q 2021). Profit margin: 3.8% (up from 3.6% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Jul 02AcBel Polytech Inc. Announces Resignation of Liu, Chun-Chih as DirectorAcBel Polytech Inc. announced resignation of Liu, Chun-Chih as Director. Date of occurrence of the change is July 1, 2022.Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$0.20 (vs NT$0.16 in 1Q 2021)First quarter 2022 results: EPS: NT$0.20 (up from NT$0.16 in 1Q 2021). Revenue: NT$6.14b (up 26% from 1Q 2021). Net income: NT$105.5m (up 25% from 1Q 2021). Profit margin: 1.7% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Jery Lin was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Apr 14Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.5%).Reported Earnings • Mar 13Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$1.17 (down from NT$2.54 in FY 2020). Revenue: NT$21.9b (up 4.4% from FY 2020). Net income: NT$602.0m (down 54% from FY 2020). Profit margin: 2.7% (down from 6.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.67 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.82b (up 3.8% from 3Q 2020). Net income: NT$246.8m (down 29% from 3Q 2020). Profit margin: 4.2% (down from 6.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.95, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 107% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.34 (vs NT$2.06 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.92b (down 2.8% from 2Q 2020). Net income: NT$175.9m (down 84% from 2Q 2020). Profit margin: 3.6% (down from 21% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 June 2021. Payment date: 23 July 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.4%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$23.00, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 41% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.039 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$4.86b (flat on 1Q 2020). Net income: NT$84.4m (up 317% from 1Q 2020). Profit margin: 1.7% (up from 0.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 30At NT$29.45, Is AcBel Polytech Inc. (TPE:6282) Worth Looking At Closely?AcBel Polytech Inc. ( TPE:6282 ), might not be a large cap stock, but it saw significant share price movement during...分析記事 • Apr 12Should AcBel Polytech Inc. (TPE:6282) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at AcBel Polytech Inc. ( TPE:6282 ) from a dividend investor's perspective. Owning a...Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$2.54 (vs NT$2.87 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$21.0b (up 1.9% from FY 2019). Net income: NT$1.31b (down 12% from FY 2019). Profit margin: 6.3% (down from 7.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the Electrical industry in Taiwan.分析記事 • Mar 10AcBel Polytech (TPE:6282) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Feb 23Has AcBel Polytech (TPE:6282) Got What It Takes To Become A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Feb 08Is AcBel Polytech Inc.'s (TPE:6282) Stock's Recent Performance A Reflection Of Its Financial Health?AcBel Polytech's (TPE:6282) stock up by 8.5% over the past three months. Given that the market rewards strong...分析記事 • Jan 26When Should You Buy AcBel Polytech Inc. (TPE:6282)?While AcBel Polytech Inc. ( TPE:6282 ) might not be the most widely known stock at the moment, it saw significant share...分析記事 • Jan 11Does AcBel Polytech Inc. (TPE:6282) Have A Place In Your Dividend Portfolio?Dividend paying stocks like AcBel Polytech Inc. ( TPE:6282 ) tend to be popular with investors, and for good reason...Is New 90 Day High Low • Jan 07New 90-day high: NT$31.25The company is up 24% from its price of NT$25.15 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period.分析記事 • Dec 28We Wouldn't Rely On AcBel Polytech's (TPE:6282) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...分析記事 • Dec 14Shareholders Of AcBel Polytech (TPE:6282) Must Be Happy With Their 52% ReturnBuying a low-cost index fund will get you the average market return. But in any diversified portfolio of stocks, you'll...分析記事 • Nov 30Here's Why AcBel Polytech (TPE:6282) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Is New 90 Day High Low • Nov 24New 90-day high: NT$28.00The company is up 9.0% from its price of NT$25.65 on 26 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 6.0% over the same period.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$0.67The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$5.61b (up 6.8% from 3Q 2019). Net income: NT$345.9m (down 63% from 3Q 2019). Profit margin: 6.2% (down from 18% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Oct 13New 90-day high: NT$26.85The company is up 18% from its price of NT$22.70 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period.収支内訳AcBel Polytech の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TWSE:6282 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 2633,1894324,4442,99731 Dec 2531,7271474,4862,96830 Sep 2530,675-2094,4192,83430 Jun 2531,029-6944,6922,81931 Mar 2531,629-204,7542,86131 Dec 2431,695-494,7922,71030 Sep 2431,790-2464,6402,75830 Jun 2433,149864,5502,79431 Mar 2430,009-683,8692,47131 Dec 2327,845213,1892,28730 Sep 2325,263-1392,6942,00130 Jun 2322,0741512,0411,68831 Mar 2323,6734222,0621,68031 Dec 2224,7905192,0051,67430 Sep 2225,4328451,9031,66530 Jun 2224,6617011,7661,63031 Mar 2223,1866231,6921,60431 Dec 2121,9066021,6331,58130 Sep 2121,0513891,5831,57730 Jun 2120,8364881,6211,57831 Mar 2120,9781,3771,6611,53831 Dec 2020,9841,3131,6371,50430 Sep 2020,4631,4411,6531,45430 Jun 2020,1052,0261,6061,38731 Mar 2020,3081,4621,5391,34431 Dec 1920,5841,4851,5791,30030 Sep 1920,6891,5281,4831,21630 Jun 1920,6136591,3881,17231 Mar 1920,1151,1851,3601,16731 Dec 1818,7331,0051,2841,14830 Sep 1818,1369701,3291,10230 Jun 1817,6211,0681,3581,09831 Mar 1817,3271221,3721,07231 Dec 1717,8023111,3881,06830 Sep 1718,2544191,3821,09730 Jun 1718,7653651,4151,08131 Mar 1719,2284281,4491,06631 Dec 1619,7505211,4851,05830 Sep 1620,1505501,5071,03230 Jun 1620,3467351,5331,01831 Mar 1620,3726961,5351,01731 Dec 1520,8366711,5691,01730 Sep 1521,4837741,6481,035質の高い収益: 6282は 高品質の収益 を持っています。利益率の向上: 6282過去に利益を上げました。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6282の収益は過去 5 年間で年間54%減少しました。成長の加速: 6282は昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: 6282昨年収益を上げたため、昨年の収益成長をElectrical業界 ( 10.5% ) と比較することは困難です。株主資本利益率高いROE: 6282の 自己資本利益率 ( 1.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/29 11:35終値2026/07/29 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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AcBel Polytech Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Leonne ChenCLSA SinopacShuchun HsiaoMasterlink Securities Investment AdvisoryAnne LeeNomura Securities Co. Ltd.1 その他のアナリストを表示
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.27 (vs NT$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.27 (up from NT$0.059 loss in 1Q 2025). Revenue: NT$8.58b (up 21% from 1Q 2025). Net income: NT$234.3m (up NT$284.8m from 1Q 2025). Profit margin: 2.7% (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 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.17 (vs NT$0.057 loss in FY 2024)Full year 2025 results: EPS: NT$0.17 (up from NT$0.057 loss in FY 2024). Revenue: NT$31.7b (flat on FY 2024). Net income: NT$146.8m (up NT$195.8m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 loss in 3Q 2024). Revenue: NT$8.07b (down 4.2% from 3Q 2024). Net income: NT$254.4m (up NT$485.3m from 3Q 2024). Profit margin: 3.2% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.16 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$7.34b (down 7.5% from 2Q 2024). Net loss: NT$538.4m (down 499% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 13First quarter 2025 earnings released: NT$0.057 loss per share (vs NT$0.095 loss in 1Q 2024)First quarter 2025 results: NT$0.057 loss per share (improved from NT$0.095 loss in 1Q 2024). Revenue: NT$7.12b (flat on 1Q 2024). Net loss: NT$50.5m (loss narrowed 38% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
お知らせ • May 03AcBel Polytech Inc. to Report Q1, 2025 Results on May 12, 2025AcBel Polytech Inc. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • 3hInvestor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$40.30, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 22x in the Electrical industry in Taiwan. Total loss to shareholders of 19% over the past three years.
Declared Dividend • Jul 17Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 17th August 2026 Payment date: 11th September 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is well covered by cash flows (44% 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 76% to bring the payout ratio under control. However, EPS has declined by 28% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.27 (vs NT$0.059 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.27 (up from NT$0.059 loss in 1Q 2025). Revenue: NT$8.58b (up 21% from 1Q 2025). Net income: NT$234.3m (up NT$284.8m from 1Q 2025). Profit margin: 2.7% (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 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 466% Dividend yield: 1.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 64% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (466% payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.17 (vs NT$0.057 loss in FY 2024)Full year 2025 results: EPS: NT$0.17 (up from NT$0.057 loss in FY 2024). Revenue: NT$31.7b (flat on FY 2024). Net income: NT$146.8m (up NT$195.8m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12AcBel Polytech Inc., Annual General Meeting, May 28, 2026AcBel Polytech Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,18, sec.2 chung yang s. rd., beitou district, taipei city Taiwan
New Risk • Jan 21New 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 8.6% 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 (8.6% average weekly change). Earnings have declined by 66% per year over the past 5 years.
New Risk • Nov 22New 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 8.6% 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 (8.6% average weekly change). Earnings have declined by 66% per year over the past 5 years.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 loss in 3Q 2024). Revenue: NT$8.07b (down 4.2% from 3Q 2024). Net income: NT$254.4m (up NT$485.3m from 3Q 2024). Profit margin: 3.2% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.
New Risk • Oct 22New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).
お知らせ • Oct 14Acbel Unveils Its Ruby-Level Power Rack System At OCP Global Summit 2025Acbel unveiled its Ruby-level power rack system at Global Summit 2025, pushing the boundaries of AI data center power. These innovative CRPS and rack-level power systems, engineered to provide scalable, reliable, and sustainable power, deliver high efficiency, density, and resiliency for hyperscale AI and HPC workloads, powering the future of AI. Key Highlights; Ruby-level efficiency achieved, enabling hyperscale AI and HPC performance. Highly scalable architecture from 33kW to 72kW, engineered for accelerating large-scale AI deployments. Resilient power with redundancy and active current sharing, ensuring uninterrupted AI workloads. Aligned with leading global AI roadmaps, supporting seamless integration with next-gen servers and cooling systems. Acbel's latest innovations address the industry support from shelf-based PSUs to fully rack-integrated architectures enabling higher efficiency, simplified system scalability, and improved total cost of ownership. Dedicated to pioneering efficient and scalable power solutions, Acbel's systems adapt to evolving AI workloads, work harmoniously with renewable energy, and drive sustainable growth for hyperscale data centers worldwide.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.63 loss per share (vs NT$0.16 profit in 2Q 2024)Second quarter 2025 results: NT$0.63 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$7.34b (down 7.5% from 2Q 2024). Net loss: NT$538.4m (down 499% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 11Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 18 August 2025. Payment date: 12 September 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.5%).
Reported Earnings • May 13First quarter 2025 earnings released: NT$0.057 loss per share (vs NT$0.095 loss in 1Q 2024)First quarter 2025 results: NT$0.057 loss per share (improved from NT$0.095 loss in 1Q 2024). Revenue: NT$7.12b (flat on 1Q 2024). Net loss: NT$50.5m (loss narrowed 38% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
お知らせ • May 03AcBel Polytech Inc. to Report Q1, 2025 Results on May 12, 2025AcBel Polytech Inc. announced that they will report Q1, 2025 results on May 12, 2025
New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$220.2m (US$6.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (NT$220.2m market cap, or US$6.82m).
分析記事 • Mar 23Investors Don't See Light At End Of AcBel Polytech Inc.'s (TWSE:6282) TunnelWith a price-to-sales (or "P/S") ratio of 0.9x AcBel Polytech Inc. ( TWSE:6282 ) may be sending bullish signals at the...
Buy Or Sell Opportunity • Mar 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to NT$32.00. The fair value is estimated to be NT$26.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 14+ 1 more updateAcBel Polytech Inc., Annual General Meeting, May 28, 2025AcBel Polytech Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,18, sec.2 chung yang s. rd., beitou district, taipei city Taiwan
お知らせ • Mar 05AcBel Polytech Inc. to Report Q4, 2024 Results on Mar 12, 2025AcBel Polytech Inc. announced that they will report Q4, 2024 results on Mar 12, 2025
Buy Or Sell Opportunity • Mar 05Now 23% overvaluedOver the last 90 days, the stock has fallen 3.1% to NT$32.45. The fair value is estimated to be NT$26.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Feb 18Is AcBel Polytech (TWSE:6282) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Buy Or Sell Opportunity • Feb 14Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to NT$32.75. The fair value is estimated to be NT$26.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jan 24+ 1 more updateAcbel Polytech Inc. Announces Change of the PresidentAcBel Polytech Inc. announced change of the president. Previous Position Holder Hsu Chieh-Li. Resume: Chairman and President of Acbel Polytech Inc. New Position Holder: Name: Lu Yi-Hsing. Resume: Executive Vice President of Acbel Polytech Inc. Effective Date: February 3, 2025.
New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 51% 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. This is currently the only risk that has been identified for the company.
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
分析記事 • Dec 15There Are Reasons To Feel Uneasy About AcBel Polytech's (TWSE:6282) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Nov 26AcBel Polytech Inc.'s (TWSE:6282) Revenues Are Not Doing Enough For Some InvestorsAcBel Polytech Inc.'s ( TWSE:6282 ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.27 loss per share (down from NT$0.095 profit in 3Q 2023). Revenue: NT$8.43b (down 14% from 3Q 2023). Net loss: NT$222.2m (down 410% from profit in 3Q 2023). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 31AcBel Polytech Inc. to Report Q3, 2024 Results on Nov 06, 2024AcBel Polytech Inc. announced that they will report Q3, 2024 results on Nov 06, 2024
Upcoming Dividend • Aug 26Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 02 September 2024. Payment date: 30 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.4%).
分析記事 • Aug 15Weak Statutory Earnings May Not Tell The Whole Story For AcBel Polytech (TWSE:6282)The market shrugged off AcBel Polytech Inc.'s ( TWSE:6282 ) weak earnings report last week. Our analysis suggests that...
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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 Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.03 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.16 (up from NT$0.03 in 2Q 2023). Revenue: NT$7.94b (up 70% from 2Q 2023). Net income: NT$135.1m (up NT$119.6m from 2Q 2023). Profit margin: 1.7% (up from 0.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 31AcBel Polytech Inc. to Report Q2, 2024 Results on Aug 07, 2024AcBel Polytech Inc. announced that they will report Q2, 2024 results on Aug 07, 2024
お知らせ • Jul 23AcBel Polytech Inc. Approves Cash Dividend, Payable on September 30, 2024AcBel Polytech Inc. approved total amount of cash dividend which distributed to common shares is TWD 430,930,063 (The dividend is TWD 0.5 per share). Ex-rights (ex-dividend) trading date is September 2, 2024. Ex-rights (ex-dividend) record date is September 8, 2024. Payment date of common stock cash dividend distribution is September 30, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the company is July 22, 2024.
分析記事 • Jul 22AcBel Polytech (TWSE:6282) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Jun 18We Think AcBel Polytech (TWSE:6282) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • May 09First quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.057 profit in 1Q 2023)First quarter 2024 results: NT$0.10 loss per share (down from NT$0.057 profit in 1Q 2023). Revenue: NT$7.18b (up 40% from 1Q 2023). Net loss: NT$81.4m (down 376% from profit in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
New Risk • Mar 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% 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 Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.08% net profit margin).
Reported Earnings • Mar 14Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$0.033 (down from NT$1.23 in FY 2022). Revenue: NT$27.8b (up 10.0% from FY 2022). Net income: NT$21.7m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Mar 13AcBel Polytech Inc., Annual General Meeting, Jun 20, 2024AcBel Polytech Inc., Annual General Meeting, Jun 20, 2024. Location: No.18, Sec.2, Zhongyang S.Rd., Beitou Dist., Taipei City Taipei City Taiwan Agenda: To discuss Business report of the year 2023; to discuss 2023 Audit Report of the audit committee; to discuss report the distribution of remunerations to employees and directors for the year of 2023; to discuss report the distribution of cash dividends with earnings in Fiscal Year 2023; and to discuss other matters.
分析記事 • Feb 29Investors Will Want AcBel Polytech's (TWSE:6282) Growth In ROCE To PersistWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Dec 23AcBel Polytech Inc. Appoints Chang Hung-Jen as Chief Information Security OfficerAcBel Polytech Inc. announced the appointment of Chang Hung-Jen as Chief Information Security Officer. Effective date is December 22, 2023.
New Risk • Nov 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin).
お知らせ • Sep 29AcBel Polytech Inc. Announces Changes in the Company's Financial Officer, Accounting Officer, and Corporate Governance OfficerAcBel Polytech Inc. Announces changes in the company's Financial officer, Accounting officer, and Corporate Governance officer. Date of occurrence of the change is September 28, 2023. Name, title, and resume of the previous position holder: Yeh Jin-Mao, CFO of AcBel Polytech Inc. Name, title, and resume of the new position holder: Chen Jian-Nan,Assistant Vice President of AcBel Polytech Inc. Type of the change is Retirement. Reason for the change is Retirement. Effective date is October 1, 2023. The new officer of Financial, Accounting and Corporate Governance will be ratified by the Board of Directors at an upcoming meeting.
New Risk • Aug 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 2.8% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.03 (down from NT$0.49 in 2Q 2022). Revenue: NT$4.93b (down 26% from 2Q 2022). Net income: NT$15.4m (down 94% from 2Q 2022). Profit margin: 0.3% (down from 3.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
New Risk • Jul 19New major 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 7.6% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).
Reported Earnings • Jul 08First quarter 2023 earnings released: EPS: NT$0.057 (vs NT$0.20 in 1Q 2022)First quarter 2023 results: EPS: NT$0.057 (down from NT$0.20 in 1Q 2022). Revenue: NT$5.14b (down 16% from 1Q 2022). Net income: NT$29.6m (down 72% from 1Q 2022). Profit margin: 0.6% (down from 1.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$53.60, the stock trades at a trailing P/E ratio of 51x. Average forward P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 194% over the past three years.
Upcoming Dividend • Jun 19Upcoming dividend of NT$0.20 per share at 0.4% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.0%).
お知らせ • Jun 09Acbel Polytech Inc. Announces Adjustment of Cash DividendAcBel Polytech Inc. announced the adjustment of cash dividends distribution ratio. Type and monetary amount of original dividend distribution: Cash dividends TWD 0.2 per share, total amount is TWD 105,220,259. Type and monetary amount of dividend distribution after the change:cash dividends TWD 0.19717084 per share, total amount is TWD 105,220,259. Reason for the change: Due to the conversion of the Company’s convertible bonds into 7,763,903 shares and redeem the RSA failed to meet the vesting condition 215,000 shares, resulted in outstanding common shares total 533,650,198 shares. Therefore, the adjusted cash dividend ratio is $0.19717084 per share.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$49.85, the stock trades at a trailing P/E ratio of 64.6x. Average forward P/E is 18x in the Electrical industry in Taiwan. Total returns to shareholders of 171% over the past three years.
お知らせ • May 27+ 1 more updateAcBel Polytech Inc. Announces Executive ChangesAcBel Polytech Inc. at the shareholders' meeting held on May 26, 2023 approved election of Director: Chang Yung-Ching /Chairman of Allied Circuit Co. Ltd. Independent Director: Chen Mei-Ling /Chairman of Taiwan Regional Revitalization Foundation. Effective date of the new appointment is May 26, 2023. Chen Mei-Ling /Independent Director of AcBel Polytech Inc. also appointed as members of the Company's Remuneration Committee, Audit Committee and Sustainable Development Committee.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$35.20, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 76% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Lien-Sheng Tsai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.76 (vs NT$0.48 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.76 (up from NT$0.48 in 3Q 2021). Revenue: NT$6.75b (up 16% from 3Q 2021). Net income: NT$390.6m (up 58% from 3Q 2021). Profit margin: 5.8% (up from 4.2% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Nov 05AcBel Polytech Inc. Establishes Sustainable Development CommitteeAcBel Polytech Inc. announced the establishment of Sustainable Development Committee. Name of the new position holder: Lin,Neng-Pai/Tsai,Lien-Sheng/Hwang,Jung-Chiou, Effective date of the new member is November 4, 2022.
Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.34 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.49 (up from NT$0.34 in 2Q 2021). Revenue: NT$6.62b (up 35% from 2Q 2021). Net income: NT$253.8m (up 44% from 2Q 2021). Profit margin: 3.8% (up from 3.6% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Jul 02AcBel Polytech Inc. Announces Resignation of Liu, Chun-Chih as DirectorAcBel Polytech Inc. announced resignation of Liu, Chun-Chih as Director. Date of occurrence of the change is July 1, 2022.
Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$0.20 (vs NT$0.16 in 1Q 2021)First quarter 2022 results: EPS: NT$0.20 (up from NT$0.16 in 1Q 2021). Revenue: NT$6.14b (up 26% from 1Q 2021). Net income: NT$105.5m (up 25% from 1Q 2021). Profit margin: 1.7% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Jery Lin was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Apr 14Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 21 April 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.5%).
Reported Earnings • Mar 13Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$1.17 (down from NT$2.54 in FY 2020). Revenue: NT$21.9b (up 4.4% from FY 2020). Net income: NT$602.0m (down 54% from FY 2020). Profit margin: 2.7% (down from 6.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.67 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.82b (up 3.8% from 3Q 2020). Net income: NT$246.8m (down 29% from 3Q 2020). Profit margin: 4.2% (down from 6.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.95, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 107% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.34 (vs NT$2.06 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.92b (down 2.8% from 2Q 2020). Net income: NT$175.9m (down 84% from 2Q 2020). Profit margin: 3.6% (down from 21% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 June 2021. Payment date: 23 July 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.4%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$23.00, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 41% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.039 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$4.86b (flat on 1Q 2020). Net income: NT$84.4m (up 317% from 1Q 2020). Profit margin: 1.7% (up from 0.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 30At NT$29.45, Is AcBel Polytech Inc. (TPE:6282) Worth Looking At Closely?AcBel Polytech Inc. ( TPE:6282 ), might not be a large cap stock, but it saw significant share price movement during...
分析記事 • Apr 12Should AcBel Polytech Inc. (TPE:6282) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at AcBel Polytech Inc. ( TPE:6282 ) from a dividend investor's perspective. Owning a...
Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$2.54 (vs NT$2.87 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$21.0b (up 1.9% from FY 2019). Net income: NT$1.31b (down 12% from FY 2019). Profit margin: 6.3% (down from 7.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the Electrical industry in Taiwan.
分析記事 • Mar 10AcBel Polytech (TPE:6282) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Feb 23Has AcBel Polytech (TPE:6282) Got What It Takes To Become A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Feb 08Is AcBel Polytech Inc.'s (TPE:6282) Stock's Recent Performance A Reflection Of Its Financial Health?AcBel Polytech's (TPE:6282) stock up by 8.5% over the past three months. Given that the market rewards strong...
分析記事 • Jan 26When Should You Buy AcBel Polytech Inc. (TPE:6282)?While AcBel Polytech Inc. ( TPE:6282 ) might not be the most widely known stock at the moment, it saw significant share...
分析記事 • Jan 11Does AcBel Polytech Inc. (TPE:6282) Have A Place In Your Dividend Portfolio?Dividend paying stocks like AcBel Polytech Inc. ( TPE:6282 ) tend to be popular with investors, and for good reason...
Is New 90 Day High Low • Jan 07New 90-day high: NT$31.25The company is up 24% from its price of NT$25.15 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period.
分析記事 • Dec 28We Wouldn't Rely On AcBel Polytech's (TPE:6282) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
分析記事 • Dec 14Shareholders Of AcBel Polytech (TPE:6282) Must Be Happy With Their 52% ReturnBuying a low-cost index fund will get you the average market return. But in any diversified portfolio of stocks, you'll...
分析記事 • Nov 30Here's Why AcBel Polytech (TPE:6282) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Is New 90 Day High Low • Nov 24New 90-day high: NT$28.00The company is up 9.0% from its price of NT$25.65 on 26 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 6.0% over the same period.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$0.67The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$5.61b (up 6.8% from 3Q 2019). Net income: NT$345.9m (down 63% from 3Q 2019). Profit margin: 6.2% (down from 18% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Oct 13New 90-day high: NT$26.85The company is up 18% from its price of NT$22.70 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period.