View Financial HealthSun Max Tech 配当と自社株買い配当金 基準チェック /36Sun Max Techは配当を支払う会社で、現在の利回りは6.78%ですが、利益によって十分にカバーされています。次の支払い日は 24th July, 2026で、権利落ち日は7th July, 2026 。主要情報6.8%配当利回り-5.8%バイバック利回り総株主利回り1.0%将来の配当利回りn/a配当成長8.1%次回配当支払日24 Jul 26配当落ち日07 Jul 26一株当たり配当金n/a配当性向74%最近の配当と自社株買いの更新Upcoming Dividend • Jul 23Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).分析記事 • Jun 27Sun Max Tech (TWSE:6591) Is Paying Out Less In Dividends Than Last YearSun Max Tech Limited's ( TWSE:6591 ) dividend is being reduced from last year's payment covering the same period to...分析記事 • Jun 03Sun Max Tech (TWSE:6591) Will Pay A Smaller Dividend Than Last YearSun Max Tech Limited ( TWSE:6591 ) has announced that on 26th of July, it will be paying a dividend ofNT$2.75, which a...Declared Dividend • Jun 03Dividend reduced to NT$2.75Dividend of NT$2.75 is 30% lower than last year. Ex-date: 5th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 02Sun Max Tech Limited Announces Cash Dividend for the Year 2023, Payable on July 26, 2024Sun Max Tech Limited announced cash dividend of TWD 102,462,775, each common share is entitled to receive TWD 2.75 for the year 2023. Ex-rights (ex-dividend) trading date: July 5, 2024. Ex-rights (ex-dividend) record date: July 13, 2024. Payment date of common stock cash dividend distribution: July 26, 2024.Upcoming Dividend • Jun 26Upcoming dividend of NT$3.94 per share at 7.2% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%).すべての更新を表示Recent updatesReported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.75 (vs NT$1.71 in 1Q 2025)First quarter 2026 results: EPS: NT$0.75 (down from NT$1.71 in 1Q 2025). Revenue: NT$325.1m (down 26% from 1Q 2025). Net income: NT$30.9m (down 52% from 1Q 2025). Profit margin: 9.5% (down from 15% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$5.37 (vs NT$3.21 in FY 2024)Full year 2025 results: EPS: NT$5.37 (up from NT$3.21 in FY 2024). Revenue: NT$1.75b (up 39% from FY 2024). Net income: NT$209.8m (up 76% from FY 2024). Profit margin: 12% (up from 9.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 10Sun Max Tech Limited, Annual General Meeting, May 28, 2026Sun Max Tech Limited, Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 9 floor no,166, chien i rd., jhonghe district, new taipei city TaiwanNew Risk • Sep 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (NT$3.03b market cap, or US$99.3m).お知らせ • Sep 09Sun Max Tech Limited has filed a Follow-on Equity Offering in the amount of TWD 1.04517 billion.Sun Max Tech Limited has filed a Follow-on Equity Offering in the amount of TWD 1.04517 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,615,000 Price\Range: TWD 158Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$93.80, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 130% over the past three years.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: NT$1.14 (vs NT$0.51 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.14 (up from NT$0.51 in 2Q 2024). Revenue: NT$488.9m (up 51% from 2Q 2024). Net income: NT$43.7m (up 126% from 2Q 2024). Profit margin: 8.9% (up from 6.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 23Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).New Risk • Jun 26New 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 10% 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 (10% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.66b market cap, or US$91.2m).New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% 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 Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$2.64b market cap, or US$87.6m).Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$1.71 (vs NT$0.71 in 1Q 2024)First quarter 2025 results: EPS: NT$1.71 (up from NT$0.71 in 1Q 2024). Revenue: NT$436.1m (up 42% from 1Q 2024). Net income: NT$64.5m (up 152% from 1Q 2024). Profit margin: 15% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$54.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 9.0% over the past three years.お知らせ • May 01Sun Max Tech Limited to Report Q1, 2025 Results on May 09, 2025Sun Max Tech Limited announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$41.20, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 18% over the past three years.分析記事 • Mar 21We Think That There Are More Issues For Sun Max Tech (TWSE:6591) Than Just Sluggish EarningsA lackluster earnings announcement from Sun Max Tech Limited ( TWSE:6591 ) last week didn't sink the stock price. We...Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.21 (vs NT$3.40 in FY 2023)Full year 2024 results: EPS: NT$3.21. Revenue: NT$1.26b (down 8.6% from FY 2023). Net income: NT$119.5m (flat on FY 2023). Profit margin: 9.5% (in line with FY 2023).お知らせ • Mar 12Sun Max Tech Limited, Annual General Meeting, May 29, 2025Sun Max Tech Limited, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 9 floor no,166, chien i rd., jhonghe district, new taipei city Taiwanお知らせ • Mar 01Sun Max Tech Limited to Report Fiscal Year 2024 Results on Mar 10, 2025Sun Max Tech Limited announced that they will report fiscal year 2024 results on Mar 10, 2025お知らせ • Jan 14Sun Max Tech Limited Approves the Establishment of Nominating Committee and Appointment of the Committee MembersSun Max Tech Limited approved the establishment of Nominating Committee and appointment of the committee members. Name and Resume of the new position holder: SINOTEAMHOLDINGS INC Representative: HSU Wen-Faung-ATaiwan/Chairman, LUXURY SHINE INTERNATIONAL LIMITED. Representative - Chang,Yuan-Fen/Institutional Director, HSIEH, Yu-Tien/Independent Director, CHEN, Tien-Szu/Independent Director, CHIU, Shih-Fang/Independent Director. Effective date of the new member: January 13, 2025.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.30 (vs NT$1.28 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.30 (up from NT$1.28 in 3Q 2023). Revenue: NT$354.7m (down 12% from 3Q 2023). Net income: NT$49.0m (up 7.1% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 30Sun Max Tech Limited to Report Q3, 2024 Results on Nov 06, 2024Sun Max Tech Limited announced that they will report Q3, 2024 results on Nov 06, 2024分析記事 • Aug 23Sun Max Tech's (TWSE:6591) Profits Appear To Have Quality IssuesSun Max Tech Limited's ( TWSE:6591 ) healthy profit numbers didn't contain any surprises for investors. However the...Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.08 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.51 (down from NT$1.08 in 2Q 2023). Revenue: NT$324.5m (up 2.7% from 2Q 2023). Net income: NT$19.3m (down 48% from 2Q 2023). Profit margin: 6.0% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Aug 08Sun Max Tech Limited to Report Q2, 2024 Results on Aug 15, 2024Sun Max Tech Limited announced that they will report Q2, 2024 results on Aug 15, 2024分析記事 • Aug 07Sun Max Tech (TWSE:6591) Shareholders Will Want The ROCE Trajectory To ContinueFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Buy Or Sell Opportunity • Jul 30Now 20% overvaluedOver the last 90 days, the stock has fallen 8.1% to NT$51.00. The fair value is estimated to be NT$42.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 30%.分析記事 • Jun 27Sun Max Tech (TWSE:6591) Is Paying Out Less In Dividends Than Last YearSun Max Tech Limited's ( TWSE:6591 ) dividend is being reduced from last year's payment covering the same period to...分析記事 • Jun 03Sun Max Tech (TWSE:6591) Will Pay A Smaller Dividend Than Last YearSun Max Tech Limited ( TWSE:6591 ) has announced that on 26th of July, it will be paying a dividend ofNT$2.75, which a...Declared Dividend • Jun 03Dividend reduced to NT$2.75Dividend of NT$2.75 is 30% lower than last year. Ex-date: 5th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 02Sun Max Tech Limited Announces Cash Dividend for the Year 2023, Payable on July 26, 2024Sun Max Tech Limited announced cash dividend of TWD 102,462,775, each common share is entitled to receive TWD 2.75 for the year 2023. Ex-rights (ex-dividend) trading date: July 5, 2024. Ex-rights (ex-dividend) record date: July 13, 2024. Payment date of common stock cash dividend distribution: July 26, 2024.Buy Or Sell Opportunity • May 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to NT$60.90. The fair value is estimated to be NT$48.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 30%.Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.71 (vs NT$0.45 in 1Q 2023)First quarter 2024 results: EPS: NT$0.71 (up from NT$0.45 in 1Q 2023). Revenue: NT$308.1m (down 3.1% from 1Q 2023). Net income: NT$25.6m (up 66% from 1Q 2023). Profit margin: 8.3% (up from 4.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • May 02Sun Max Tech Limited to Report Q1, 2024 Results on May 09, 2024Sun Max Tech Limited announced that they will report Q1, 2024 results on May 09, 2024New Risk • Mar 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 135% Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.18b market cap, or US$68.5m).Reported Earnings • Mar 22Full year 2023 earnings released: EPS: NT$3.40 (vs NT$6.90 in FY 2022)Full year 2023 results: EPS: NT$3.40 (down from NT$6.90 in FY 2022). Revenue: NT$1.38b (down 17% from FY 2022). Net income: NT$118.5m (down 48% from FY 2022). Profit margin: 8.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Mar 16Sun Max Tech Limited, Annual General Meeting, May 31, 2024Sun Max Tech Limited, Annual General Meeting, May 31, 2024.分析記事 • Mar 04Sun Max Tech Limited (TWSE:6591) Shares Fly 27% But Investors Aren't Buying For GrowthThe Sun Max Tech Limited ( TWSE:6591 ) share price has done very well over the last month, posting an excellent gain of...Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Negligible returns to shareholders over past three years.分析記事 • Mar 01Be Wary Of Sun Max Tech (TWSE:6591) And Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$1.28 (vs NT$0.50 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.28 (up from NT$0.50 in 3Q 2022). Revenue: NT$404.9m (up 61% from 3Q 2022). Net income: NT$45.7m (up 182% from 3Q 2022). Profit margin: 11% (up from 6.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (130% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (NT$1.83b market cap, or US$56.7m).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: NT$1.08 (vs NT$1.60 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.08 (down from NT$1.60 in 2Q 2022). Revenue: NT$316.0m (down 11% from 2Q 2022). Net income: NT$37.1m (down 28% from 2Q 2022). Profit margin: 12% (down from 14% 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 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$59.70, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 36% over the past three years.Upcoming Dividend • Jun 26Upcoming dividend of NT$3.94 per share at 7.2% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%).Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$6.90 (vs NT$6.83 in FY 2021)Full year 2022 results: EPS: NT$6.90 (up from NT$6.83 in FY 2021). Revenue: NT$1.66b (down 9.8% from FY 2021). Net income: NT$226.0m (up 3.3% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Tien-Szu Chen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$1.32 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.50 (down from NT$1.32 in 3Q 2021). Revenue: NT$251.2m (down 36% from 3Q 2021). Net income: NT$16.2m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Sep 09Sun Max Tech Limited has completed a Follow-on Equity Offering.Sun Max Tech Limited has completed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 1,600,000 Security Name: Shares Security Type: Common Stock Securities Offered: 200,000 Security Name: Shares Security Type: Common Stock Securities Offered: 200,000お知らせ • Aug 30Sun Max Tech Limited Announces Appointment of Chen, Tien-Szu as Audit Committee MemberSun Max Tech Limited Announced the Board of Directors Made a New Appointment of sun max audit committee Member. Name of the new position holder: CHEN, Tien-Szu6. Resume of the new position holder: CHEN, Tien-Szu¡AFormer Vice President of Cameo Corporati. Circumstances of change: new appointment. Effective date of the new member: 2022/08/29.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.60 (vs NT$1.24 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.60 (up from NT$1.24 in 2Q 2021). Revenue: NT$354.8m (down 26% from 2Q 2021). Net income: NT$51.4m (up 29% from 2Q 2021). Profit margin: 14% (up from 8.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$48.10, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 31% over the past three years.Buying Opportunity • Jun 28Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$70.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.Upcoming Dividend • Jun 21Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.4%).Buying Opportunity • Jun 06Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be NT$80.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.Buying Opportunity • May 09Now 24% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$80.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$3.88 (vs NT$2.41 in 1Q 2021)First quarter 2022 results: EPS: NT$3.88 (up from NT$2.41 in 1Q 2021). Revenue: NT$656.4m (up 40% from 1Q 2021). Net income: NT$124.4m (up 62% from 1Q 2021). Profit margin: 19% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Tien-Szu Chen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 15Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be NT$78.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 44%.Buying Opportunity • Mar 31Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be NT$77.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 44%.Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$6.83 (up from NT$5.66 in FY 2020). Revenue: NT$1.84b (up 17% from FY 2020). Net income: NT$218.8m (up 34% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.32 (vs NT$1.27 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$394.6m (down 12% from 3Q 2020). Net income: NT$42.3m (up 17% from 3Q 2020). Profit margin: 11% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS NT$1.24 (vs NT$1.31 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$481.7m (up 24% from 2Q 2020). Net income: NT$39.8m (up 8.7% from 2Q 2020). Profit margin: 8.3% (down from 9.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$50.30, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 14% over the past three years.Upcoming Dividend • Jul 12Inaugural dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 06 August 2021. The company last paid an ordinary dividend in July 2021. The average dividend yield among industry peers is 2.5%.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$2.41 (vs NT$0.47 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$470.1m (up 87% from 1Q 2020). Net income: NT$76.6m (up 489% from 1Q 2020). Profit margin: 16% (up from 5.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Executive Departure • Mar 21Chief Financial Officer & Accounting Officer has left the companyOn the 19th of March, Chih-Feng Lin's tenure in the role of Chief Financial Officer & Accounting Officer ended. We don't have any record of a personal shareholding under Chih-Feng's name. Chih-Feng is the only executive to leave the company over the last 12 months.お知らせ • Mar 21+ 1 more updateSun Max Tech Limited Announces Executive ChangesSun Max Tech Limited appointed Yao Cheng-Min, special assistant to the chairman, acting spokesperson as financial officer, accounting officer in place of LIN Chih-Feng, manager, financial officer and accounting officer, effective March 19, 2021.お知らせ • Mar 20Sun Max Tech Limited, Annual General Meeting, Jun 18, 2021Sun Max Tech Limited, Annual General Meeting, Jun 18, 2021. Location: Concord Securities Co., Ltd., B2 conference room (B2, No. 176, Sec. 1, Keelung Rd., Xinyi Dist., Taipei City) Taipei City Taiwan Agenda: To consider the 2020 annual report; to consider the audit committee's review of 2020 financial statements; to consider Employees & directors 2020 compensation distribution report; to consider the report of 2020 net income and cash dividends distribution; to consider convertible bonds issue report; to consider amendment to the rules and report of the share repurchase and transfer to employees; to consider amendment to Rules of the Board of Directors.Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$5.66 (vs NT$3.44 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.58b (up 33% from FY 2019). Net income: NT$163.9m (up 84% from FY 2019). Profit margin: 10% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Nov 20Sun Max Tech Limited Announces Board ChangesSun Max Tech Limited announced that name, title, and resume of the previous position holder: LIN Chih-Feng¡BCFO and Name, title, and resume of the new position holder: Yao Cheng-Min¡Bspecial assistant to the chairman, with effect from November 19, 2020.配当金の支払いについて今日Jun 04 2026配当落ち日Jul 07 2026配当支払日Jul 24 202617 days 配当落ちから次の32 days 、次の配当を受け取るために購入する。決済の安定と成長配当データの取得安定した配当: 6591は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 6591の配当金は増加していますが、同社は8年間しか配当金を支払っていません。配当利回り対市場Sun Max Tech 配当利回り対市場6591 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (6591)6.8%市場下位25% (TW)1.4%市場トップ25% (TW)4.8%業界平均 (Machinery)1.7%アナリスト予想 (6591) (最長3年)n/a注目すべき配当: 6591の配当金 ( 6.78% ) はTW市場の配当金支払者の下位 25% ( 1.36% ) よりも高くなっています。高配当: 6591の配当金 ( 6.78% ) はTW市場 ( 4.83% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 6591の配当金は、合理的な 配当性向 ( 74.5% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 6591は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/06/04 12:24終値2026/06/04 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sun Max Tech Limited 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。1 アナリスト機関Meizhen WangCapital Securities Corporation
Upcoming Dividend • Jul 23Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).
分析記事 • Jun 27Sun Max Tech (TWSE:6591) Is Paying Out Less In Dividends Than Last YearSun Max Tech Limited's ( TWSE:6591 ) dividend is being reduced from last year's payment covering the same period to...
分析記事 • Jun 03Sun Max Tech (TWSE:6591) Will Pay A Smaller Dividend Than Last YearSun Max Tech Limited ( TWSE:6591 ) has announced that on 26th of July, it will be paying a dividend ofNT$2.75, which a...
Declared Dividend • Jun 03Dividend reduced to NT$2.75Dividend of NT$2.75 is 30% lower than last year. Ex-date: 5th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 02Sun Max Tech Limited Announces Cash Dividend for the Year 2023, Payable on July 26, 2024Sun Max Tech Limited announced cash dividend of TWD 102,462,775, each common share is entitled to receive TWD 2.75 for the year 2023. Ex-rights (ex-dividend) trading date: July 5, 2024. Ex-rights (ex-dividend) record date: July 13, 2024. Payment date of common stock cash dividend distribution: July 26, 2024.
Upcoming Dividend • Jun 26Upcoming dividend of NT$3.94 per share at 7.2% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%).
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$0.75 (vs NT$1.71 in 1Q 2025)First quarter 2026 results: EPS: NT$0.75 (down from NT$1.71 in 1Q 2025). Revenue: NT$325.1m (down 26% from 1Q 2025). Net income: NT$30.9m (down 52% from 1Q 2025). Profit margin: 9.5% (down from 15% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$5.37 (vs NT$3.21 in FY 2024)Full year 2025 results: EPS: NT$5.37 (up from NT$3.21 in FY 2024). Revenue: NT$1.75b (up 39% from FY 2024). Net income: NT$209.8m (up 76% from FY 2024). Profit margin: 12% (up from 9.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 10Sun Max Tech Limited, Annual General Meeting, May 28, 2026Sun Max Tech Limited, Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 9 floor no,166, chien i rd., jhonghe district, new taipei city Taiwan
New Risk • Sep 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (NT$3.03b market cap, or US$99.3m).
お知らせ • Sep 09Sun Max Tech Limited has filed a Follow-on Equity Offering in the amount of TWD 1.04517 billion.Sun Max Tech Limited has filed a Follow-on Equity Offering in the amount of TWD 1.04517 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,615,000 Price\Range: TWD 158
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$93.80, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 130% over the past three years.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: NT$1.14 (vs NT$0.51 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.14 (up from NT$0.51 in 2Q 2024). Revenue: NT$488.9m (up 51% from 2Q 2024). Net income: NT$43.7m (up 126% from 2Q 2024). Profit margin: 8.9% (up from 6.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 23Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).
New Risk • Jun 26New 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 10% 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 (10% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.66b market cap, or US$91.2m).
New Risk • May 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% 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 Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$2.64b market cap, or US$87.6m).
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$1.71 (vs NT$0.71 in 1Q 2024)First quarter 2025 results: EPS: NT$1.71 (up from NT$0.71 in 1Q 2024). Revenue: NT$436.1m (up 42% from 1Q 2024). Net income: NT$64.5m (up 152% from 1Q 2024). Profit margin: 15% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$54.70, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 9.0% over the past three years.
お知らせ • May 01Sun Max Tech Limited to Report Q1, 2025 Results on May 09, 2025Sun Max Tech Limited announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$41.20, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 18% over the past three years.
分析記事 • Mar 21We Think That There Are More Issues For Sun Max Tech (TWSE:6591) Than Just Sluggish EarningsA lackluster earnings announcement from Sun Max Tech Limited ( TWSE:6591 ) last week didn't sink the stock price. We...
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.21 (vs NT$3.40 in FY 2023)Full year 2024 results: EPS: NT$3.21. Revenue: NT$1.26b (down 8.6% from FY 2023). Net income: NT$119.5m (flat on FY 2023). Profit margin: 9.5% (in line with FY 2023).
お知らせ • Mar 12Sun Max Tech Limited, Annual General Meeting, May 29, 2025Sun Max Tech Limited, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 9 floor no,166, chien i rd., jhonghe district, new taipei city Taiwan
お知らせ • Mar 01Sun Max Tech Limited to Report Fiscal Year 2024 Results on Mar 10, 2025Sun Max Tech Limited announced that they will report fiscal year 2024 results on Mar 10, 2025
お知らせ • Jan 14Sun Max Tech Limited Approves the Establishment of Nominating Committee and Appointment of the Committee MembersSun Max Tech Limited approved the establishment of Nominating Committee and appointment of the committee members. Name and Resume of the new position holder: SINOTEAMHOLDINGS INC Representative: HSU Wen-Faung-ATaiwan/Chairman, LUXURY SHINE INTERNATIONAL LIMITED. Representative - Chang,Yuan-Fen/Institutional Director, HSIEH, Yu-Tien/Independent Director, CHEN, Tien-Szu/Independent Director, CHIU, Shih-Fang/Independent Director. Effective date of the new member: January 13, 2025.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.30 (vs NT$1.28 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.30 (up from NT$1.28 in 3Q 2023). Revenue: NT$354.7m (down 12% from 3Q 2023). Net income: NT$49.0m (up 7.1% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 30Sun Max Tech Limited to Report Q3, 2024 Results on Nov 06, 2024Sun Max Tech Limited announced that they will report Q3, 2024 results on Nov 06, 2024
分析記事 • Aug 23Sun Max Tech's (TWSE:6591) Profits Appear To Have Quality IssuesSun Max Tech Limited's ( TWSE:6591 ) healthy profit numbers didn't contain any surprises for investors. However the...
Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.08 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.51 (down from NT$1.08 in 2Q 2023). Revenue: NT$324.5m (up 2.7% from 2Q 2023). Net income: NT$19.3m (down 48% from 2Q 2023). Profit margin: 6.0% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 08Sun Max Tech Limited to Report Q2, 2024 Results on Aug 15, 2024Sun Max Tech Limited announced that they will report Q2, 2024 results on Aug 15, 2024
分析記事 • Aug 07Sun Max Tech (TWSE:6591) Shareholders Will Want The ROCE Trajectory To ContinueFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Buy Or Sell Opportunity • Jul 30Now 20% overvaluedOver the last 90 days, the stock has fallen 8.1% to NT$51.00. The fair value is estimated to be NT$42.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 30%.
分析記事 • Jun 27Sun Max Tech (TWSE:6591) Is Paying Out Less In Dividends Than Last YearSun Max Tech Limited's ( TWSE:6591 ) dividend is being reduced from last year's payment covering the same period to...
分析記事 • Jun 03Sun Max Tech (TWSE:6591) Will Pay A Smaller Dividend Than Last YearSun Max Tech Limited ( TWSE:6591 ) has announced that on 26th of July, it will be paying a dividend ofNT$2.75, which a...
Declared Dividend • Jun 03Dividend reduced to NT$2.75Dividend of NT$2.75 is 30% lower than last year. Ex-date: 5th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 02Sun Max Tech Limited Announces Cash Dividend for the Year 2023, Payable on July 26, 2024Sun Max Tech Limited announced cash dividend of TWD 102,462,775, each common share is entitled to receive TWD 2.75 for the year 2023. Ex-rights (ex-dividend) trading date: July 5, 2024. Ex-rights (ex-dividend) record date: July 13, 2024. Payment date of common stock cash dividend distribution: July 26, 2024.
Buy Or Sell Opportunity • May 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to NT$60.90. The fair value is estimated to be NT$48.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 30%.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.71 (vs NT$0.45 in 1Q 2023)First quarter 2024 results: EPS: NT$0.71 (up from NT$0.45 in 1Q 2023). Revenue: NT$308.1m (down 3.1% from 1Q 2023). Net income: NT$25.6m (up 66% from 1Q 2023). Profit margin: 8.3% (up from 4.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • May 02Sun Max Tech Limited to Report Q1, 2024 Results on May 09, 2024Sun Max Tech Limited announced that they will report Q1, 2024 results on May 09, 2024
New Risk • Mar 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 135% Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.18b market cap, or US$68.5m).
Reported Earnings • Mar 22Full year 2023 earnings released: EPS: NT$3.40 (vs NT$6.90 in FY 2022)Full year 2023 results: EPS: NT$3.40 (down from NT$6.90 in FY 2022). Revenue: NT$1.38b (down 17% from FY 2022). Net income: NT$118.5m (down 48% from FY 2022). Profit margin: 8.6% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 16Sun Max Tech Limited, Annual General Meeting, May 31, 2024Sun Max Tech Limited, Annual General Meeting, May 31, 2024.
分析記事 • Mar 04Sun Max Tech Limited (TWSE:6591) Shares Fly 27% But Investors Aren't Buying For GrowthThe Sun Max Tech Limited ( TWSE:6591 ) share price has done very well over the last month, posting an excellent gain of...
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Negligible returns to shareholders over past three years.
分析記事 • Mar 01Be Wary Of Sun Max Tech (TWSE:6591) And Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$1.28 (vs NT$0.50 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.28 (up from NT$0.50 in 3Q 2022). Revenue: NT$404.9m (up 61% from 3Q 2022). Net income: NT$45.7m (up 182% from 3Q 2022). Profit margin: 11% (up from 6.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (130% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (NT$1.83b market cap, or US$56.7m).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: NT$1.08 (vs NT$1.60 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.08 (down from NT$1.60 in 2Q 2022). Revenue: NT$316.0m (down 11% from 2Q 2022). Net income: NT$37.1m (down 28% from 2Q 2022). Profit margin: 12% (down from 14% 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 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$59.70, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 36% over the past three years.
Upcoming Dividend • Jun 26Upcoming dividend of NT$3.94 per share at 7.2% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 28 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%).
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$6.90 (vs NT$6.83 in FY 2021)Full year 2022 results: EPS: NT$6.90 (up from NT$6.83 in FY 2021). Revenue: NT$1.66b (down 9.8% from FY 2021). Net income: NT$226.0m (up 3.3% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Tien-Szu Chen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$1.32 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.50 (down from NT$1.32 in 3Q 2021). Revenue: NT$251.2m (down 36% from 3Q 2021). Net income: NT$16.2m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Sep 09Sun Max Tech Limited has completed a Follow-on Equity Offering.Sun Max Tech Limited has completed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 1,600,000 Security Name: Shares Security Type: Common Stock Securities Offered: 200,000 Security Name: Shares Security Type: Common Stock Securities Offered: 200,000
お知らせ • Aug 30Sun Max Tech Limited Announces Appointment of Chen, Tien-Szu as Audit Committee MemberSun Max Tech Limited Announced the Board of Directors Made a New Appointment of sun max audit committee Member. Name of the new position holder: CHEN, Tien-Szu6. Resume of the new position holder: CHEN, Tien-Szu¡AFormer Vice President of Cameo Corporati. Circumstances of change: new appointment. Effective date of the new member: 2022/08/29.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.60 (vs NT$1.24 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.60 (up from NT$1.24 in 2Q 2021). Revenue: NT$354.8m (down 26% from 2Q 2021). Net income: NT$51.4m (up 29% from 2Q 2021). Profit margin: 14% (up from 8.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$48.10, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Buying Opportunity • Jun 28Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be NT$70.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.
Upcoming Dividend • Jun 21Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 28 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.4%).
Buying Opportunity • Jun 06Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be NT$80.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.
Buying Opportunity • May 09Now 24% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$80.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%.
Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$3.88 (vs NT$2.41 in 1Q 2021)First quarter 2022 results: EPS: NT$3.88 (up from NT$2.41 in 1Q 2021). Revenue: NT$656.4m (up 40% from 1Q 2021). Net income: NT$124.4m (up 62% from 1Q 2021). Profit margin: 19% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Tien-Szu Chen was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 15Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be NT$78.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 44%.
Buying Opportunity • Mar 31Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be NT$77.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 44%.
Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$6.83 (up from NT$5.66 in FY 2020). Revenue: NT$1.84b (up 17% from FY 2020). Net income: NT$218.8m (up 34% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.32 (vs NT$1.27 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$394.6m (down 12% from 3Q 2020). Net income: NT$42.3m (up 17% from 3Q 2020). Profit margin: 11% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS NT$1.24 (vs NT$1.31 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$481.7m (up 24% from 2Q 2020). Net income: NT$39.8m (up 8.7% from 2Q 2020). Profit margin: 8.3% (down from 9.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$50.30, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 14% over the past three years.
Upcoming Dividend • Jul 12Inaugural dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 06 August 2021. The company last paid an ordinary dividend in July 2021. The average dividend yield among industry peers is 2.5%.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$2.41 (vs NT$0.47 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$470.1m (up 87% from 1Q 2020). Net income: NT$76.6m (up 489% from 1Q 2020). Profit margin: 16% (up from 5.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Executive Departure • Mar 21Chief Financial Officer & Accounting Officer has left the companyOn the 19th of March, Chih-Feng Lin's tenure in the role of Chief Financial Officer & Accounting Officer ended. We don't have any record of a personal shareholding under Chih-Feng's name. Chih-Feng is the only executive to leave the company over the last 12 months.
お知らせ • Mar 21+ 1 more updateSun Max Tech Limited Announces Executive ChangesSun Max Tech Limited appointed Yao Cheng-Min, special assistant to the chairman, acting spokesperson as financial officer, accounting officer in place of LIN Chih-Feng, manager, financial officer and accounting officer, effective March 19, 2021.
お知らせ • Mar 20Sun Max Tech Limited, Annual General Meeting, Jun 18, 2021Sun Max Tech Limited, Annual General Meeting, Jun 18, 2021. Location: Concord Securities Co., Ltd., B2 conference room (B2, No. 176, Sec. 1, Keelung Rd., Xinyi Dist., Taipei City) Taipei City Taiwan Agenda: To consider the 2020 annual report; to consider the audit committee's review of 2020 financial statements; to consider Employees & directors 2020 compensation distribution report; to consider the report of 2020 net income and cash dividends distribution; to consider convertible bonds issue report; to consider amendment to the rules and report of the share repurchase and transfer to employees; to consider amendment to Rules of the Board of Directors.
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$5.66 (vs NT$3.44 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.58b (up 33% from FY 2019). Net income: NT$163.9m (up 84% from FY 2019). Profit margin: 10% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Nov 20Sun Max Tech Limited Announces Board ChangesSun Max Tech Limited announced that name, title, and resume of the previous position holder: LIN Chih-Feng¡BCFO and Name, title, and resume of the new position holder: Yao Cheng-Min¡Bspecial assistant to the chairman, with effect from November 19, 2020.