View ValuationAxman Enterprise 将来の成長Future 基準チェック /06現在、 Axman 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Leisure 収益成長18.6%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 • Mar 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$807.5m market cap, or US$25.2m).Reported Earnings • Mar 09Full year 2025 earnings released: NT$2.83 loss per share (vs NT$2.14 loss in FY 2024)Full year 2025 results: NT$2.83 loss per share (further deteriorated from NT$2.14 loss in FY 2024). Revenue: NT$1.34b (down 31% from FY 2024). Net loss: NT$99.0m (loss widened 32% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Mar 02Axman Enterprise Co., Ltd., Annual General Meeting, May 22, 2026Axman Enterprise Co., Ltd., Annual General Meeting, May 22, 2026. Location: 3 floor no,1, sec.3 chung shan rd., ta ch`iao ts`un, dacun township, changhua county 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chia-Hsing Chang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Nov 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$647.5m market cap, or US$20.8m).Reported Earnings • Aug 06Second quarter 2025 earnings released: NT$1.67 loss per share (vs NT$0.12 profit in 2Q 2024)Second quarter 2025 results: NT$1.67 loss per share (down from NT$0.12 profit in 2Q 2024). Revenue: NT$397.3m (down 32% from 2Q 2024). Net loss: NT$58.4m (down NT$62.5m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 06Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.6%).Declared Dividend • May 18Dividend reduced to NT$1.00Dividend of NT$1.00 is 62% lower than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.0%.Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.12 in 1Q 2024)First quarter 2025 results: EPS: NT$0.47 (up from NT$0.12 in 1Q 2024). Revenue: NT$341.4m (down 23% from 1Q 2024). Net income: NT$16.5m (up 296% from 1Q 2024). Profit margin: 4.8% (up from 0.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.New Risk • Mar 06New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 290% Cash payout ratio: 358% Dividend yield: 8.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 290% Cash payout ratio: 358% Minor Risk Market cap is less than US$100m (NT$1.02b market cap, or US$31.1m).Reported Earnings • Mar 06Full year 2024 earnings released: NT$2.14 loss per share (vs NT$3.62 profit in FY 2023)Full year 2024 results: NT$2.14 loss per share (down from NT$3.62 profit in FY 2023). Revenue: NT$1.93b (down 43% from FY 2023). Net loss: NT$74.8m (down 165% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.お知らせ • Jan 22Axman Enterprise Co., Ltd., Annual General Meeting, May 16, 2025Axman Enterprise Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 Taipei Standard Time. Location: 3 floor no,1, sec.3 chung shan rd., ta ch`iao ts`un, dacun township, changhua county TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.70 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.70 (down from NT$1.04 in 3Q 2023). Revenue: NT$566.7m (down 30% from 3Q 2023). Net income: NT$24.6m (down 26% from 3Q 2023). Profit margin: 4.3% (up from 4.1% 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 4% per year whereas the company’s share price has fallen by 7% per year.Reported Earnings • Aug 06Second quarter 2024 earnings released: EPS: NT$0.12 (vs NT$1.48 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.12 (down from NT$1.48 in 2Q 2023). Revenue: NT$586.3m (down 39% from 2Q 2023). Net income: NT$4.12m (down 91% from 2Q 2023). Profit margin: 0.7% (down from 4.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jul 22Now 22% overvaluedOver the last 90 days, the stock has fallen 7.0% to NT$43.95. The fair value is estimated to be NT$35.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 32%.Upcoming Dividend • Jun 13Upcoming dividend of NT$2.60 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).Reported Earnings • May 04First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$1.29 in 1Q 2023)First quarter 2024 results: EPS: NT$0.12 (down from NT$1.29 in 1Q 2023). Revenue: NT$443.5m (down 50% from 1Q 2023). Net income: NT$4.18m (down 89% from 1Q 2023). Profit margin: 0.9% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Mar 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$1.75b market cap, or US$55.3m).お知らせ • Jan 27Axman Enterprise Co., Ltd., Annual General Meeting, May 24, 2024Axman Enterprise Co., Ltd., Annual General Meeting, May 24, 2024.Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$1.38 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$1.38 in 3Q 2022). Revenue: NT$804.3m (up 3.3% from 3Q 2022). Net income: NT$33.1m (down 20% from 3Q 2022). Profit margin: 4.1% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses.New Risk • Sep 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$2.09b market cap, or US$65.3m).Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.48 (vs NT$1.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.48 (down from NT$1.49 in 2Q 2022). Revenue: NT$961.0m (up 32% from 2Q 2022). Net income: NT$44.5m (flat on 2Q 2022). Profit margin: 4.6% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jun 06Upcoming dividend of NT$2.60 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).Reported Earnings • Mar 09Full year 2022 earnings released: EPS: NT$5.82 (vs NT$1.85 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$1.85 in FY 2021). Revenue: NT$3.32b (up 85% from FY 2021). Net income: NT$171.0m (up 246% from FY 2021). Profit margin: 5.1% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue.お知らせ • Jan 13Axman Enterprise Co., Ltd., Annual General Meeting, May 26, 2023Axman Enterprise Co., Ltd., Annual General Meeting, May 26, 2023.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.38 (vs NT$0.052 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.38 (up from NT$0.052 in 3Q 2021). Revenue: NT$778.6m (up 165% from 3Q 2021). Net income: NT$41.3m (up NT$39.8m from 3Q 2021). Profit margin: 5.3% (up from 0.5% in 3Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$60.90, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 50% over the past year.Reported Earnings • Aug 07Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: NT$1.63. Revenue: NT$728.4m (flat on 2Q 2021). Net income: NT$44.7m (up NT$44.7m from 2Q 2021). Profit margin: 6.1% (up from null in 2Q 2021).Upcoming Dividend • Jul 04Upcoming dividend of NT$0.59 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 01 August 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$1.27 (vs NT$0.31 in 1Q 2021)First quarter 2022 results: EPS: NT$1.27 (up from NT$0.31 in 1Q 2021). Revenue: NT$674.0m (up 51% from 1Q 2021). Net income: NT$35.0m (up 329% from 1Q 2021). Profit margin: 5.2% (up from 1.8% in 1Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$52.80, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 17% over the past year.Reported Earnings • Mar 09Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.85 (up from NT$1.04 in FY 2020). Revenue: NT$1.80b (up 32% from FY 2020). Net income: NT$49.5m (up 92% from FY 2020). Profit margin: 2.7% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$57.60, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 46% over the past year.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.60 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$294.0m (down 30% from 3Q 2020). Net income: NT$1.43m (down 90% from 3Q 2020). Profit margin: 0.5% (down from 3.6% in 3Q 2020). The decrease in margin was driven by lower revenue.Reported Earnings • Apr 21Full year 2020 earnings released: EPS NT$1.04 (vs NT$2.18 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.36b (down 35% from FY 2019). Net income: NT$25.8m (down 52% from FY 2019). Profit margin: 1.9% (down from 2.6% in FY 2019). The decrease in margin was driven by lower revenue.お知らせ • Mar 11Axman Enterprise Co., Ltd., Annual General Meeting, May 28, 2021Axman Enterprise Co., Ltd., Annual General Meeting, May 28, 2021.分析記事 • Mar 04Based On Its ROE, Is Axman Enterprise Co., Ltd. (GTSM:6804) A High Quality Stock?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is... 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、Axman 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:6804 - 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3/31/20261,418-108-145-130N/A12/31/20251,340-99-128-117N/A9/30/20251,407-162-223-212N/A6/30/20251,644-1257078N/A3/31/20251,833-63182190N/A12/31/20241,935-752531N/A9/30/20242,31131188192N/A6/30/20242,54840157160N/A3/31/20242,92380-111N/A12/31/20233,363115139150N/A9/30/20233,791166396409N/A6/30/20233,765175237247N/A3/31/20233,532175352354N/A12/31/20223,323171316321N/A9/30/20222,793153-63-59N/A6/30/20222,309113-93-88N/A3/31/20222,01080-67-61N/A12/31/20211,79949-146-143N/A9/30/20211,54127-121-117N/A6/30/20211,73146-86-81N/A3/31/20211,56332-118-114N/A12/31/20201,362264347N/A9/30/20201,654304649N/A6/30/20201,818243537N/A3/31/20201,951394042N/A12/31/20192,08454N/A48N/A12/31/20182,07162N/A65N/A12/31/20171,47222N/A-205N/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: 6804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: 6804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: 6804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: 6804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: 6804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: 6804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7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 21:07終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Axman 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
New Risk • Mar 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (NT$807.5m market cap, or US$25.2m).
Reported Earnings • Mar 09Full year 2025 earnings released: NT$2.83 loss per share (vs NT$2.14 loss in FY 2024)Full year 2025 results: NT$2.83 loss per share (further deteriorated from NT$2.14 loss in FY 2024). Revenue: NT$1.34b (down 31% from FY 2024). Net loss: NT$99.0m (loss widened 32% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 02Axman Enterprise Co., Ltd., Annual General Meeting, May 22, 2026Axman Enterprise Co., Ltd., Annual General Meeting, May 22, 2026. Location: 3 floor no,1, sec.3 chung shan rd., ta ch`iao ts`un, dacun township, changhua county 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chia-Hsing Chang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Nov 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$647.5m market cap, or US$20.8m).
Reported Earnings • Aug 06Second quarter 2025 earnings released: NT$1.67 loss per share (vs NT$0.12 profit in 2Q 2024)Second quarter 2025 results: NT$1.67 loss per share (down from NT$0.12 profit in 2Q 2024). Revenue: NT$397.3m (down 32% from 2Q 2024). Net loss: NT$58.4m (down NT$62.5m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 06Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.6%).
Declared Dividend • May 18Dividend reduced to NT$1.00Dividend of NT$1.00 is 62% lower than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.0%.
Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.12 in 1Q 2024)First quarter 2025 results: EPS: NT$0.47 (up from NT$0.12 in 1Q 2024). Revenue: NT$341.4m (down 23% from 1Q 2024). Net income: NT$16.5m (up 296% from 1Q 2024). Profit margin: 4.8% (up from 0.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
New Risk • Mar 06New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 290% Cash payout ratio: 358% Dividend yield: 8.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 290% Cash payout ratio: 358% Minor Risk Market cap is less than US$100m (NT$1.02b market cap, or US$31.1m).
Reported Earnings • Mar 06Full year 2024 earnings released: NT$2.14 loss per share (vs NT$3.62 profit in FY 2023)Full year 2024 results: NT$2.14 loss per share (down from NT$3.62 profit in FY 2023). Revenue: NT$1.93b (down 43% from FY 2023). Net loss: NT$74.8m (down 165% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 22Axman Enterprise Co., Ltd., Annual General Meeting, May 16, 2025Axman Enterprise Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 Taipei Standard Time. Location: 3 floor no,1, sec.3 chung shan rd., ta ch`iao ts`un, dacun township, changhua county Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.70 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.70 (down from NT$1.04 in 3Q 2023). Revenue: NT$566.7m (down 30% from 3Q 2023). Net income: NT$24.6m (down 26% from 3Q 2023). Profit margin: 4.3% (up from 4.1% 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 4% per year whereas the company’s share price has fallen by 7% per year.
Reported Earnings • Aug 06Second quarter 2024 earnings released: EPS: NT$0.12 (vs NT$1.48 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.12 (down from NT$1.48 in 2Q 2023). Revenue: NT$586.3m (down 39% from 2Q 2023). Net income: NT$4.12m (down 91% from 2Q 2023). Profit margin: 0.7% (down from 4.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jul 22Now 22% overvaluedOver the last 90 days, the stock has fallen 7.0% to NT$43.95. The fair value is estimated to be NT$35.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 32%.
Upcoming Dividend • Jun 13Upcoming dividend of NT$2.60 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).
Reported Earnings • May 04First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$1.29 in 1Q 2023)First quarter 2024 results: EPS: NT$0.12 (down from NT$1.29 in 1Q 2023). Revenue: NT$443.5m (down 50% from 1Q 2023). Net income: NT$4.18m (down 89% from 1Q 2023). Profit margin: 0.9% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Mar 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$1.75b market cap, or US$55.3m).
お知らせ • Jan 27Axman Enterprise Co., Ltd., Annual General Meeting, May 24, 2024Axman Enterprise Co., Ltd., Annual General Meeting, May 24, 2024.
Reported Earnings • Nov 05Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$1.38 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$1.38 in 3Q 2022). Revenue: NT$804.3m (up 3.3% from 3Q 2022). Net income: NT$33.1m (down 20% from 3Q 2022). Profit margin: 4.1% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses.
New Risk • Sep 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$2.09b market cap, or US$65.3m).
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.48 (vs NT$1.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.48 (down from NT$1.49 in 2Q 2022). Revenue: NT$961.0m (up 32% from 2Q 2022). Net income: NT$44.5m (flat on 2Q 2022). Profit margin: 4.6% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jun 06Upcoming dividend of NT$2.60 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).
Reported Earnings • Mar 09Full year 2022 earnings released: EPS: NT$5.82 (vs NT$1.85 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$1.85 in FY 2021). Revenue: NT$3.32b (up 85% from FY 2021). Net income: NT$171.0m (up 246% from FY 2021). Profit margin: 5.1% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue.
お知らせ • Jan 13Axman Enterprise Co., Ltd., Annual General Meeting, May 26, 2023Axman Enterprise Co., Ltd., Annual General Meeting, May 26, 2023.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.38 (vs NT$0.052 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.38 (up from NT$0.052 in 3Q 2021). Revenue: NT$778.6m (up 165% from 3Q 2021). Net income: NT$41.3m (up NT$39.8m from 3Q 2021). Profit margin: 5.3% (up from 0.5% in 3Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$60.90, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 50% over the past year.
Reported Earnings • Aug 07Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: NT$1.63. Revenue: NT$728.4m (flat on 2Q 2021). Net income: NT$44.7m (up NT$44.7m from 2Q 2021). Profit margin: 6.1% (up from null in 2Q 2021).
Upcoming Dividend • Jul 04Upcoming dividend of NT$0.59 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 01 August 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).
Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$1.27 (vs NT$0.31 in 1Q 2021)First quarter 2022 results: EPS: NT$1.27 (up from NT$0.31 in 1Q 2021). Revenue: NT$674.0m (up 51% from 1Q 2021). Net income: NT$35.0m (up 329% from 1Q 2021). Profit margin: 5.2% (up from 1.8% in 1Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$52.80, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 17% over the past year.
Reported Earnings • Mar 09Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.85 (up from NT$1.04 in FY 2020). Revenue: NT$1.80b (up 32% from FY 2020). Net income: NT$49.5m (up 92% from FY 2020). Profit margin: 2.7% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$57.60, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 46% over the past year.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.60 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$294.0m (down 30% from 3Q 2020). Net income: NT$1.43m (down 90% from 3Q 2020). Profit margin: 0.5% (down from 3.6% in 3Q 2020). The decrease in margin was driven by lower revenue.
Reported Earnings • Apr 21Full year 2020 earnings released: EPS NT$1.04 (vs NT$2.18 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.36b (down 35% from FY 2019). Net income: NT$25.8m (down 52% from FY 2019). Profit margin: 1.9% (down from 2.6% in FY 2019). The decrease in margin was driven by lower revenue.
お知らせ • Mar 11Axman Enterprise Co., Ltd., Annual General Meeting, May 28, 2021Axman Enterprise Co., Ltd., Annual General Meeting, May 28, 2021.
分析記事 • Mar 04Based On Its ROE, Is Axman Enterprise Co., Ltd. (GTSM:6804) A High Quality Stock?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...