View ValuationBai Sha Technology 将来の成長Future 基準チェック /06現在、 Bai Sha Technologyの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Commercial Services 収益成長14.4%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • May 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 58% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.63b market cap, or US$51.5m).Declared Dividend • Mar 11Dividend of NT$1.20 announcedShareholders will receive a dividend of NT$1.20. Ex-date: 27th March 2026 Payment date: 24th April 2026 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (360% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 10+ 1 more updateBai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2026Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,286, yu hsien rd., taiping district, taichung city TaiwanReported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.63 (vs NT$0.59 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.63 (up from NT$0.59 in 3Q 2024). Revenue: NT$396.5m (up 4.0% from 3Q 2024). Net income: NT$44.5m (up 7.3% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.71 (vs NT$0.57 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.71 (up from NT$0.57 in 2Q 2024). Revenue: NT$382.7m (up 1.5% from 2Q 2024). Net income: NT$46.8m (up 25% from 2Q 2024). Profit margin: 12% (up from 9.9% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.52 in 1Q 2024)First quarter 2025 results: EPS: NT$0.45 (down from NT$0.52 in 1Q 2024). Revenue: NT$349.9m (down 4.1% from 1Q 2024). Net income: NT$29.6m (down 14% from 1Q 2024). Profit margin: 8.4% (down from 9.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01Bai Sha Technology Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Bai Sha Technology Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.50, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total returns to shareholders of 88% over the past three years.お知らせ • Mar 10Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2025Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,286, yu hsien rd., taiping district, taichung city TaiwanDeclared Dividend • Mar 10Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 27th March 2025 Payment date: 24th April 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 01Bai Sha Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 07, 2025Bai Sha Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 07, 2025Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.46 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.63 (up from NT$0.46 in 3Q 2023). Revenue: NT$381.1m (up 2.0% from 3Q 2023). Net income: NT$41.5m (up 37% from 3Q 2023). Profit margin: 11% (up from 8.1% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.29 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.62 (up from NT$0.29 in 2Q 2023). Revenue: NT$377.1m (up 3.0% from 2Q 2023). Net income: NT$37.4m (up 116% from 2Q 2023). Profit margin: 9.9% (up from 4.7% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 31Bai Sha Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Bai Sha Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 13% to NT$28.10. The fair value is estimated to be NT$35.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.Buy Or Sell Opportunity • Jul 01Now 20% undervaluedOver the last 90 days, the stock has risen 12% to NT$28.20. The fair value is estimated to be NT$35.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.Buy Or Sell Opportunity • Jun 19Now 20% undervaluedOver the last 90 days, the stock has risen 14% to NT$28.15. The fair value is estimated to be NT$35.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.70b market cap, or US$52.6m).Buy Or Sell Opportunity • May 30Now 21% undervaluedOver the last 90 days, the stock has risen 21% to NT$28.20. The fair value is estimated to be NT$35.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$0.58 (vs NT$0.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.58 (up from NT$0.12 in 1Q 2023). Revenue: NT$364.9m (up 13% from 1Q 2023). Net income: NT$34.6m (up 379% from 1Q 2023). Profit margin: 9.5% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 03Bai Sha Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Bai Sha Technology Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024Upcoming Dividend • Mar 20Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.6%).Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$1.81 (vs NT$2.22 in FY 2022)Full year 2023 results: EPS: NT$1.81 (down from NT$2.22 in FY 2022). Revenue: NT$1.48b (down 3.4% from FY 2022). Net income: NT$108.8m (down 18% from FY 2022). Profit margin: 7.3% (down from 8.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.Declared Dividend • Mar 04Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 27th March 2024 Payment date: 24th April 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control, which is more than the 12% EPS growth achieved over the last 5 years.Buy Or Sell Opportunity • Mar 04Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$25.70. The fair value is estimated to be NT$20.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 26%.お知らせ • Mar 01+ 1 more updateBai Sha Technology Co., Ltd., Annual General Meeting, May 07, 2024Bai Sha Technology Co., Ltd., Annual General Meeting, May 07, 2024. Location: No. 286, Yu Yin Road, Taiping District Taichung Taiwan Agenda: To consider the Company's Business Report for the year 2023; to consider report of the Audit Committee on the Audit of the 2023 Financial Statements; to consider report on the distribution of employees' remuneration and directors' remuneration for the year 2023; to consider report on the distribution of cash dividends from the Company's 2023 earnings; and to transact other business.Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$0.29 (vs NT$0.51 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.29 (down from NT$0.51 in 2Q 2022). Revenue: NT$366.2m (down 1.0% from 2Q 2022). Net income: NT$17.3m (down 44% from 2Q 2022). Profit margin: 4.7% (down from 8.3% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 22Upcoming dividend of NT$2.00 per share at 8.4% yieldEligible shareholders must have bought the stock before 29 March 2023. Payment date: 27 April 2023. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 8.4%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.8%).Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$2.22 (vs NT$1.96 in FY 2021)Full year 2022 results: EPS: NT$2.22 (up from NT$1.96 in FY 2021). Revenue: NT$1.54b (up 14% from FY 2021). Net income: NT$133.1m (up 13% from FY 2021). Profit margin: 8.7% (down from 8.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 17Upcoming dividend of NT$1.73 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 21 April 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.6%).Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.96 (up from NT$0.76 in FY 2020). Revenue: NT$1.35b (up 7.4% from FY 2020). Net income: NT$117.9m (up 156% from FY 2020). Profit margin: 8.8% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$19.80, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 21x in the Commercial Services industry in Taiwan. Total returns to shareholders of 92% over the past three years.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS NT$0.24 (vs NT$0.26 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$321.5m (down 4.7% from 3Q 2020). Net income: NT$14.5m (down 6.8% from 3Q 2020). Profit margin: 4.5% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.026 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$328.3m (up 20% from 2Q 2020). Net income: NT$16.1m (up NT$17.7m from 2Q 2020). Profit margin: 4.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.10 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$311.6m (up 18% from 1Q 2020). Net income: NT$14.8m (up NT$21.4m from 1Q 2020). Profit margin: 4.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Apr 14Returns On Capital At Bai Sha Technology (GTSM:8401) Have Hit The BrakesThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...分析記事 • Mar 26Estimating The Intrinsic Value Of Bai Sha Technology Co., Ltd. (GTSM:8401)In this article we are going to estimate the intrinsic value of Bai Sha Technology Co., Ltd. ( GTSM:8401 ) by taking...Upcoming Dividend • Mar 24Upcoming dividend of NT$0.67 per shareEligible shareholders must have bought the stock before 31 March 2021. Payment date: 29 April 2021. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (4.9%).お知らせ • Mar 17Bai Sha Technology Co., Ltd., Annual General Meeting, Jun 04, 2021Bai Sha Technology Co., Ltd., Annual General Meeting, Jun 04, 2021.Reported Earnings • Mar 09Full year 2020 earnings released: EPS NT$0.75 (vs NT$0.46 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.25b (down 4.9% from FY 2019). Net income: NT$46.1m (up 59% from FY 2019). Profit margin: 3.7% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 18New 90-day high: NT$13.15The company is up 20% from its price of NT$10.95 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period.分析記事 • Feb 12Bai Sha Technology Co., Ltd.'s (GTSM:8401) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Bai Sha Technology (GTSM:8401) has had a great run on the share market with its stock up by a significant 17% over the...Is New 90 Day High Low • Feb 03New 90-day high: NT$12.25The company is up 13% from its price of NT$10.85 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 1.0% over the same period.分析記事 • Jan 15Read This Before Buying Bai Sha Technology Co., Ltd. (GTSM:8401) For Its DividendToday we'll take a closer look at Bai Sha Technology Co., Ltd. ( GTSM:8401 ) from a dividend investor's perspective...Is New 90 Day High Low • Jan 05New 90-day high: NT$12.15The company is up 10.0% from its price of NT$11.00 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 3.0% over the same period.分析記事 • Dec 16Should You Use Bai Sha Technology's (GTSM:8401) Statutory Earnings To Analyse It?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...Is New 90 Day High Low • Dec 03New 90-day high: NT$11.55The company is up 5.0% from its price of NT$11.00 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.分析記事 • Nov 18Be Wary Of Bai Sha Technology (GTSM:8401) And Its Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.26The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$337.5m (up 8.7% from 3Q 2019). Net income: NT$15.6m (up 212% from 3Q 2019). Profit margin: 4.6% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Bai Sha Technology は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TPEX:8401 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20261,561189-315277N/A12/31/20251,54418628301N/A9/30/20251,563178137279N/A6/30/20251,548175220309N/A3/31/20251,542166204322N/A12/31/20241,557171189299N/A9/30/20241,545167210297N/A6/30/20241,537156155238N/A3/31/20241,527136157211N/A12/31/20231,484109173234N/A9/30/20231,51498120189N/A6/30/20231,528107159224N/A3/31/20231,532120193247N/A12/31/20221,536133194236N/A9/30/20221,468162228254N/A6/30/20221,402137195223N/A3/31/20221,361123165197N/A12/31/20211,346118131177N/A9/30/20211,33984126174N/A6/30/20211,35585116171N/A3/31/20211,30168112171N/A12/31/20201,25346123173N/A9/30/20201,24138130175N/A6/30/20201,21427134175N/A3/31/20201,27637147186N/A12/31/20191,31829N/A224N/A9/30/20191,37830N/A181N/A6/30/20191,41937N/A155N/A3/31/20191,44041N/A135N/A12/31/20181,45660N/A94N/A9/30/20181,42959N/A148N/A6/30/20181,42680N/A188N/A3/31/20181,43994N/A199N/A12/31/20171,43292N/A192N/A9/30/20171,439100N/A165N/A6/30/20171,41732N/A159N/A3/31/20171,40623N/A138N/A12/31/20161,39512N/A163N/A9/30/20161,3890N/A194N/A6/30/20161,37833N/A179N/A3/31/20161,36840N/A198N/A12/31/20151,36746N/A195N/A9/30/20151,40566N/A157N/A6/30/20151,42876N/A158N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 8401の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 8401の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 8401の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 8401の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 8401の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 8401の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCommercial-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 17:14終値2026/05/25 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Bai Sha Technology Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • May 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 58% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.63b market cap, or US$51.5m).
Declared Dividend • Mar 11Dividend of NT$1.20 announcedShareholders will receive a dividend of NT$1.20. Ex-date: 27th March 2026 Payment date: 24th April 2026 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (360% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 10+ 1 more updateBai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2026Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,286, yu hsien rd., taiping district, taichung city Taiwan
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.63 (vs NT$0.59 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.63 (up from NT$0.59 in 3Q 2024). Revenue: NT$396.5m (up 4.0% from 3Q 2024). Net income: NT$44.5m (up 7.3% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.71 (vs NT$0.57 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.71 (up from NT$0.57 in 2Q 2024). Revenue: NT$382.7m (up 1.5% from 2Q 2024). Net income: NT$46.8m (up 25% from 2Q 2024). Profit margin: 12% (up from 9.9% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.52 in 1Q 2024)First quarter 2025 results: EPS: NT$0.45 (down from NT$0.52 in 1Q 2024). Revenue: NT$349.9m (down 4.1% from 1Q 2024). Net income: NT$29.6m (down 14% from 1Q 2024). Profit margin: 8.4% (down from 9.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01Bai Sha Technology Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Bai Sha Technology Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.50, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total returns to shareholders of 88% over the past three years.
お知らせ • Mar 10Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2025Bai Sha Technology Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,286, yu hsien rd., taiping district, taichung city Taiwan
Declared Dividend • Mar 10Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 27th March 2025 Payment date: 24th April 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 01Bai Sha Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 07, 2025Bai Sha Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 07, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.46 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.63 (up from NT$0.46 in 3Q 2023). Revenue: NT$381.1m (up 2.0% from 3Q 2023). Net income: NT$41.5m (up 37% from 3Q 2023). Profit margin: 11% (up from 8.1% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.29 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.62 (up from NT$0.29 in 2Q 2023). Revenue: NT$377.1m (up 3.0% from 2Q 2023). Net income: NT$37.4m (up 116% from 2Q 2023). Profit margin: 9.9% (up from 4.7% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 31Bai Sha Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Bai Sha Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 13% to NT$28.10. The fair value is estimated to be NT$35.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.
Buy Or Sell Opportunity • Jul 01Now 20% undervaluedOver the last 90 days, the stock has risen 12% to NT$28.20. The fair value is estimated to be NT$35.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.
Buy Or Sell Opportunity • Jun 19Now 20% undervaluedOver the last 90 days, the stock has risen 14% to NT$28.15. The fair value is estimated to be NT$35.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.
New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.70b market cap, or US$52.6m).
Buy Or Sell Opportunity • May 30Now 21% undervaluedOver the last 90 days, the stock has risen 21% to NT$28.20. The fair value is estimated to be NT$35.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 11%.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$0.58 (vs NT$0.12 in 1Q 2023)First quarter 2024 results: EPS: NT$0.58 (up from NT$0.12 in 1Q 2023). Revenue: NT$364.9m (up 13% from 1Q 2023). Net income: NT$34.6m (up 379% from 1Q 2023). Profit margin: 9.5% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 03Bai Sha Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Bai Sha Technology Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024
Upcoming Dividend • Mar 20Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.6%).
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$1.81 (vs NT$2.22 in FY 2022)Full year 2023 results: EPS: NT$1.81 (down from NT$2.22 in FY 2022). Revenue: NT$1.48b (down 3.4% from FY 2022). Net income: NT$108.8m (down 18% from FY 2022). Profit margin: 7.3% (down from 8.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.
Declared Dividend • Mar 04Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 27th March 2024 Payment date: 24th April 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control, which is more than the 12% EPS growth achieved over the last 5 years.
Buy Or Sell Opportunity • Mar 04Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$25.70. The fair value is estimated to be NT$20.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 26%.
お知らせ • Mar 01+ 1 more updateBai Sha Technology Co., Ltd., Annual General Meeting, May 07, 2024Bai Sha Technology Co., Ltd., Annual General Meeting, May 07, 2024. Location: No. 286, Yu Yin Road, Taiping District Taichung Taiwan Agenda: To consider the Company's Business Report for the year 2023; to consider report of the Audit Committee on the Audit of the 2023 Financial Statements; to consider report on the distribution of employees' remuneration and directors' remuneration for the year 2023; to consider report on the distribution of cash dividends from the Company's 2023 earnings; and to transact other business.
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$0.29 (vs NT$0.51 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.29 (down from NT$0.51 in 2Q 2022). Revenue: NT$366.2m (down 1.0% from 2Q 2022). Net income: NT$17.3m (down 44% from 2Q 2022). Profit margin: 4.7% (down from 8.3% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 22Upcoming dividend of NT$2.00 per share at 8.4% yieldEligible shareholders must have bought the stock before 29 March 2023. Payment date: 27 April 2023. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 8.4%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.8%).
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$2.22 (vs NT$1.96 in FY 2021)Full year 2022 results: EPS: NT$2.22 (up from NT$1.96 in FY 2021). Revenue: NT$1.54b (up 14% from FY 2021). Net income: NT$133.1m (up 13% from FY 2021). Profit margin: 8.7% (down from 8.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 17Upcoming dividend of NT$1.73 per shareEligible shareholders must have bought the stock before 24 March 2022. Payment date: 21 April 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.6%).
Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.96 (up from NT$0.76 in FY 2020). Revenue: NT$1.35b (up 7.4% from FY 2020). Net income: NT$117.9m (up 156% from FY 2020). Profit margin: 8.8% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$19.80, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 21x in the Commercial Services industry in Taiwan. Total returns to shareholders of 92% over the past three years.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS NT$0.24 (vs NT$0.26 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$321.5m (down 4.7% from 3Q 2020). Net income: NT$14.5m (down 6.8% from 3Q 2020). Profit margin: 4.5% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.026 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$328.3m (up 20% from 2Q 2020). Net income: NT$16.1m (up NT$17.7m from 2Q 2020). Profit margin: 4.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • May 09First quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.10 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$311.6m (up 18% from 1Q 2020). Net income: NT$14.8m (up NT$21.4m from 1Q 2020). Profit margin: 4.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 14Returns On Capital At Bai Sha Technology (GTSM:8401) Have Hit The BrakesThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
分析記事 • Mar 26Estimating The Intrinsic Value Of Bai Sha Technology Co., Ltd. (GTSM:8401)In this article we are going to estimate the intrinsic value of Bai Sha Technology Co., Ltd. ( GTSM:8401 ) by taking...
Upcoming Dividend • Mar 24Upcoming dividend of NT$0.67 per shareEligible shareholders must have bought the stock before 31 March 2021. Payment date: 29 April 2021. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (4.9%).
お知らせ • Mar 17Bai Sha Technology Co., Ltd., Annual General Meeting, Jun 04, 2021Bai Sha Technology Co., Ltd., Annual General Meeting, Jun 04, 2021.
Reported Earnings • Mar 09Full year 2020 earnings released: EPS NT$0.75 (vs NT$0.46 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.25b (down 4.9% from FY 2019). Net income: NT$46.1m (up 59% from FY 2019). Profit margin: 3.7% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 18New 90-day high: NT$13.15The company is up 20% from its price of NT$10.95 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period.
分析記事 • Feb 12Bai Sha Technology Co., Ltd.'s (GTSM:8401) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Bai Sha Technology (GTSM:8401) has had a great run on the share market with its stock up by a significant 17% over the...
Is New 90 Day High Low • Feb 03New 90-day high: NT$12.25The company is up 13% from its price of NT$10.85 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 1.0% over the same period.
分析記事 • Jan 15Read This Before Buying Bai Sha Technology Co., Ltd. (GTSM:8401) For Its DividendToday we'll take a closer look at Bai Sha Technology Co., Ltd. ( GTSM:8401 ) from a dividend investor's perspective...
Is New 90 Day High Low • Jan 05New 90-day high: NT$12.15The company is up 10.0% from its price of NT$11.00 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 3.0% over the same period.
分析記事 • Dec 16Should You Use Bai Sha Technology's (GTSM:8401) Statutory Earnings To Analyse It?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...
Is New 90 Day High Low • Dec 03New 90-day high: NT$11.55The company is up 5.0% from its price of NT$11.00 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.
分析記事 • Nov 18Be Wary Of Bai Sha Technology (GTSM:8401) And Its Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Reported Earnings • Nov 08Third quarter 2020 earnings released: EPS NT$0.26The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$337.5m (up 8.7% from 3Q 2019). Net income: NT$15.6m (up 212% from 3Q 2019). Profit margin: 4.6% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.