View ValuationForward Graphic Enterprise 将来の成長Future 基準チェック /06現在、 Forward Graphic Enterprise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12.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 15First quarter 2026 earnings released: NT$0.28 loss per share (vs NT$0.26 loss in 1Q 2025)First quarter 2026 results: NT$0.28 loss per share (further deteriorated from NT$0.26 loss in 1Q 2025). Net loss: NT$11.8m (loss widened 6.5% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Mar 11Full year 2025 earnings released: NT$0.78 loss per share (vs NT$0.22 loss in FY 2024)Full year 2025 results: NT$0.78 loss per share (further deteriorated from NT$0.22 loss in FY 2024). Net loss: NT$32.8m (loss widened 252% from FY 2024). 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 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 11, 2026Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 11, 2026. Location: no,755, ta ying rd., dasi district, taoyuan city TaiwanBoard Change • Mar 02Less 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. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Albert Huang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.068 profit in 3Q 2024)Third quarter 2025 results: NT$0.17 loss per share (down from NT$0.068 profit in 3Q 2024). Revenue: NT$49.8m (down 20% from 3Q 2024). Net loss: NT$7.25m (down 351% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 18Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 25 September 2025. Payment date: 31 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.3%).New Risk • May 20New 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 Less than 1 year of cash runway based on free cash flow trend (-NT$711m free cash flow). Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$1.64b market cap, or US$54.2m).Reported Earnings • May 18First quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: NT$0.26 loss per share (further deteriorated from NT$0.19 loss in 1Q 2024). Revenue: NT$51.0m (up 1.4% from 1Q 2024). Net loss: NT$11.1m (loss widened 41% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Reported Earnings • Mar 15Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.89 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.89 loss in FY 2023). Revenue: NT$232.7m (up 6.8% from FY 2023). Net loss: NT$9.31m (loss narrowed 69% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Mar 06Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025. Location: no,755, ta ying rd., dasi district, taoyuan city TaiwanNew Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$539m free cash flow). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$1.36b market cap, or US$41.4m).Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.13 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.13 loss in 3Q 2023). Revenue: NT$62.4m (up 5.1% from 3Q 2023). Net income: NT$2.89m (up NT$7.16m from 3Q 2023). Profit margin: 4.6% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.002 (vs NT$0.26 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.002 (up from NT$0.26 loss in 2Q 2023). Revenue: NT$59.0m (up 12% from 2Q 2023). Net income: NT$96.0k (up NT$8.32m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance.New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$203m free cash flow). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (NT$2.03b market cap, or US$62.9m).New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$203m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$203m free cash flow). Earnings have declined by 59% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (NT$1.54b market cap, or US$47.8m).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.36 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.36 loss in 1Q 2023). Revenue: NT$50.3m (up 8.5% from 1Q 2023). Net loss: NT$7.87m (loss narrowed 32% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.お知らせ • Apr 14Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024.Reported Earnings • Mar 13Full year 2023 earnings released: NT$0.89 loss per share (vs NT$0.16 loss in FY 2022)Full year 2023 results: NT$0.89 loss per share (further deteriorated from NT$0.16 loss in FY 2022). Revenue: NT$217.9m (down 4.8% from FY 2022). Net loss: NT$29.7m (loss widened 493% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 18Full year 2022 earnings released: NT$0.16 loss per share (vs NT$0.10 profit in FY 2021)Full year 2022 results: NT$0.16 loss per share (down from NT$0.10 profit in FY 2021). Revenue: NT$228.8m (up 4.5% from FY 2021). Net loss: NT$5.00m (down 256% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 29Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 06 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (7.1%). Lower than average of industry peers (5.3%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.15 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (up from NT$0.15 loss in 1Q 2021). Revenue: NT$57.0m (up 31% from 1Q 2021). Net income: NT$9.46m (up NT$14.3m from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.20 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$62.4m (up 33% from 3Q 2020). Net income: NT$5.50m (down 13% from 3Q 2020). Profit margin: 8.8% (down from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • Oct 06Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 13 October 2021. Payment date: 04 November 2021. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.8%).Reported Earnings • May 17First quarter 2021 earnings released: NT$0.15 loss per share (vs NT$0.18 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$43.6m (down 5.6% from 1Q 2020). Net loss: NT$4.82m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 53% 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 • Mar 26Full year 2020 earnings released: EPS NT$0.08 (vs NT$0.31 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$186.6m (down 4.9% from FY 2019). Net income: NT$2.48m (down 75% from FY 2019). Profit margin: 1.3% (down from 5.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 20New 90-day low: NT$16.40The company is down 8.0% from its price of NT$17.90 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period.分析記事 • Jan 21Should Forward Graphic Enterprise Co., Ltd. (GTSM:8906) Be Part Of Your Income Portfolio?Is Forward Graphic Enterprise Co., Ltd. ( GTSM:8906 ) a good dividend stock? How can we tell? Dividend paying companies...Is New 90 Day High Low • Jan 21New 90-day low: NT$16.80The company is down 9.0% from its price of NT$18.40 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 2.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.20The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$46.9m (down 8.1% from 3Q 2019). Net income: NT$6.34m (down 11% from 3Q 2019). Profit margin: 14% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Oct 17New 90-day high: NT$16.90The company is up 14% from its price of NT$14.80 on 17 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 5.0% over the same period.Is New 90 Day High Low • Sep 29New 90-day high: NT$16.50The company is up 10.0% from its price of NT$15.00 on 01 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 4.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Forward Graphic Enterprise 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:8906 - 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3/31/2026211-33-636-48N/A12/31/2025202-33-879-46N/A9/30/2025212-28-760-19N/A6/30/2025224-18-696-23N/A3/31/2025233-13-711-15N/A12/31/2024233-9-547-13N/A9/30/2024231-10-539-28N/A6/30/2024228-18-397-4N/A3/31/2024222-26-203-15N/A12/31/2023218-30-156-23N/A9/30/2023220-33-76-13N/A6/30/2023224-28-96-23N/A3/31/2023218-26-98-10N/A12/31/2022229-5-737N/A9/30/20222359-885N/A6/30/202223513-713N/A3/31/202223217-63-3N/A12/31/20212193-46-4N/A9/30/20212091-175N/A6/30/20211932-4007N/A3/31/20211843-38910N/A12/31/20201872-38912N/A9/30/20201971-5625N/A6/30/20202022-1744N/A3/31/20202048-16612N/A12/31/201919610N/A4N/A9/30/20191849N/A9N/A6/30/20191813N/A14N/A3/31/2019181-3N/A1N/A12/31/20181860N/A-1N/A9/30/2018192-2N/A3N/A6/30/20181981N/A2N/A3/31/2018197-2N/A9N/A12/31/2017193-7N/A4N/A9/30/2017185-9N/A-1N/A6/30/2017186-11N/A-4N/A3/31/2017191-14N/A-5N/A12/31/2016204-10N/A9N/A9/30/2016222-6N/A17N/A6/30/2016223-8N/A20N/A3/31/2016223-6N/A15N/A12/31/2015217-7N/A9N/A9/30/2015203-9N/A0N/A6/30/2015202-7N/A2N/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: 8906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: 8906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: 8906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: 8906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: 8906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: 8906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2026/06/23 12:58終値2026/06/23 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Forward Graphic Enterprise Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 15First quarter 2026 earnings released: NT$0.28 loss per share (vs NT$0.26 loss in 1Q 2025)First quarter 2026 results: NT$0.28 loss per share (further deteriorated from NT$0.26 loss in 1Q 2025). Net loss: NT$11.8m (loss widened 6.5% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Mar 11Full year 2025 earnings released: NT$0.78 loss per share (vs NT$0.22 loss in FY 2024)Full year 2025 results: NT$0.78 loss per share (further deteriorated from NT$0.22 loss in FY 2024). Net loss: NT$32.8m (loss widened 252% from FY 2024). 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 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 11, 2026Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 11, 2026. Location: no,755, ta ying rd., dasi district, taoyuan city Taiwan
Board Change • Mar 02Less 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. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Albert Huang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.068 profit in 3Q 2024)Third quarter 2025 results: NT$0.17 loss per share (down from NT$0.068 profit in 3Q 2024). Revenue: NT$49.8m (down 20% from 3Q 2024). Net loss: NT$7.25m (down 351% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 18Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 25 September 2025. Payment date: 31 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.3%).
New Risk • May 20New 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 Less than 1 year of cash runway based on free cash flow trend (-NT$711m free cash flow). Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$1.64b market cap, or US$54.2m).
Reported Earnings • May 18First quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: NT$0.26 loss per share (further deteriorated from NT$0.19 loss in 1Q 2024). Revenue: NT$51.0m (up 1.4% from 1Q 2024). Net loss: NT$11.1m (loss widened 41% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 15Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.89 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.89 loss in FY 2023). Revenue: NT$232.7m (up 6.8% from FY 2023). Net loss: NT$9.31m (loss narrowed 69% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Mar 06Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 16, 2025. Location: no,755, ta ying rd., dasi district, taoyuan city Taiwan
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$539m free cash flow). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$1.36b market cap, or US$41.4m).
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.13 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.13 loss in 3Q 2023). Revenue: NT$62.4m (up 5.1% from 3Q 2023). Net income: NT$2.89m (up NT$7.16m from 3Q 2023). Profit margin: 4.6% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.002 (vs NT$0.26 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.002 (up from NT$0.26 loss in 2Q 2023). Revenue: NT$59.0m (up 12% from 2Q 2023). Net income: NT$96.0k (up NT$8.32m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance.
New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$203m free cash flow). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (NT$2.03b market cap, or US$62.9m).
New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$203m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$203m free cash flow). Earnings have declined by 59% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (NT$1.54b market cap, or US$47.8m).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.36 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.36 loss in 1Q 2023). Revenue: NT$50.3m (up 8.5% from 1Q 2023). Net loss: NT$7.87m (loss narrowed 32% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 14Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024Forward Graphic Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024.
Reported Earnings • Mar 13Full year 2023 earnings released: NT$0.89 loss per share (vs NT$0.16 loss in FY 2022)Full year 2023 results: NT$0.89 loss per share (further deteriorated from NT$0.16 loss in FY 2022). Revenue: NT$217.9m (down 4.8% from FY 2022). Net loss: NT$29.7m (loss widened 493% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 18Full year 2022 earnings released: NT$0.16 loss per share (vs NT$0.10 profit in FY 2021)Full year 2022 results: NT$0.16 loss per share (down from NT$0.10 profit in FY 2021). Revenue: NT$228.8m (up 4.5% from FY 2021). Net loss: NT$5.00m (down 256% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 29Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 06 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (7.1%). Lower than average of industry peers (5.3%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.15 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (up from NT$0.15 loss in 1Q 2021). Revenue: NT$57.0m (up 31% from 1Q 2021). Net income: NT$9.46m (up NT$14.3m from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.20 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$62.4m (up 33% from 3Q 2020). Net income: NT$5.50m (down 13% from 3Q 2020). Profit margin: 8.8% (down from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Oct 06Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 13 October 2021. Payment date: 04 November 2021. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.8%).
Reported Earnings • May 17First quarter 2021 earnings released: NT$0.15 loss per share (vs NT$0.18 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$43.6m (down 5.6% from 1Q 2020). Net loss: NT$4.82m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 53% 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 • Mar 26Full year 2020 earnings released: EPS NT$0.08 (vs NT$0.31 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$186.6m (down 4.9% from FY 2019). Net income: NT$2.48m (down 75% from FY 2019). Profit margin: 1.3% (down from 5.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 20New 90-day low: NT$16.40The company is down 8.0% from its price of NT$17.90 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period.
分析記事 • Jan 21Should Forward Graphic Enterprise Co., Ltd. (GTSM:8906) Be Part Of Your Income Portfolio?Is Forward Graphic Enterprise Co., Ltd. ( GTSM:8906 ) a good dividend stock? How can we tell? Dividend paying companies...
Is New 90 Day High Low • Jan 21New 90-day low: NT$16.80The company is down 9.0% from its price of NT$18.40 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 2.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.20The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$46.9m (down 8.1% from 3Q 2019). Net income: NT$6.34m (down 11% from 3Q 2019). Profit margin: 14% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Oct 17New 90-day high: NT$16.90The company is up 14% from its price of NT$14.80 on 17 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 5.0% over the same period.
Is New 90 Day High Low • Sep 29New 90-day high: NT$16.50The company is up 10.0% from its price of NT$15.00 on 01 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 4.0% over the same period.