Advanced International Multitech（8938）株式概要アドバンスト・インターナショナル・マルチテック株式会社 詳細8938 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性6/6配当金4/6報酬株価収益率（ 16.8 x） TW市場（ 22.7 x）を下回っています。リスク分析過去5年間で収益は年間16.4%減少しました。 財務結果に影響を与える大きな一時的項目 7.48%の配当は利益で十分にカバーされていない 利益率(3.3%)は昨年より低い(8.6%) すべてのリスクチェックを見る8938 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$53.50506.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture021b2016201920222025202620282031Revenue NT$12.2bEarnings NT$402.3mAdvancedSet Fair ValueView all narrativesAdvanced International Multitech Co., Ltd. 競合他社KMC (Kuei Meng) InternationalSymbol: TWSE:5306Market cap: NT$10.4bO-TA Precision IndustrySymbol: TPEX:8924Market cap: NT$5.4bAlexander MarineSymbol: TWSE:8478Market cap: NT$14.1bTopkeySymbol: TWSE:4536Market cap: NT$14.5b価格と性能株価の高値、安値、推移の概要Advanced International Multitech過去の株価現在の株価NT$53.5052週高値NT$75.6052週安値NT$53.20ベータ0.261ヶ月の変化-10.98%3ヶ月変化-20.74%1年変化-21.67%3年間の変化-32.79%5年間の変化-29.61%IPOからの変化24.60%最新ニュースNew Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (133% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$4.35 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$4.35 in 1Q 2025). Revenue: NT$4.10b (down 9.9% from 1Q 2025). Net income: NT$204.6m (down 69% from 1Q 2025). Profit margin: 5.0% (down from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (424% cash payout ratio). Large one-off items impacting financial results.Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%).Declared Dividend • Mar 05Dividend reduced to NT$4.00Dividend of NT$4.00 is 2.2% lower than last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (434% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% 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 05+ 1 more updateAdvanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city Taiwan最新情報をもっと見るRecent updatesNew Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (133% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$4.35 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$4.35 in 1Q 2025). Revenue: NT$4.10b (down 9.9% from 1Q 2025). Net income: NT$204.6m (down 69% from 1Q 2025). Profit margin: 5.0% (down from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (424% cash payout ratio). Large one-off items impacting financial results.Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%).Declared Dividend • Mar 05Dividend reduced to NT$4.00Dividend of NT$4.00 is 2.2% lower than last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (434% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% 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 05+ 1 more updateAdvanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city TaiwanReported Earnings • Mar 04Full year 2025 earnings released: EPS: NT$6.18 (vs NT$7.51 in FY 2024)Full year 2025 results: EPS: NT$6.18 (down from NT$7.51 in FY 2024). Revenue: NT$15.4b (up 8.6% from FY 2024). Net income: NT$949.5m (down 8.9% from FY 2024). Profit margin: 6.2% (down from 7.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.37 (vs NT$0.50 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$1.37 (up from NT$0.50 loss in 3Q 2024). Revenue: NT$2.80b (down 2.6% from 3Q 2024). Net income: NT$212.0m (up NT$280.8m from 3Q 2024). Profit margin: 7.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to NT$60.70. The fair value is estimated to be NT$76.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 46%.New Risk • Aug 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.5% 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. Payout ratio: 93% Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$2.15 loss per share (vs NT$2.32 profit in 2Q 2024)Second quarter 2025 results: NT$2.15 loss per share (down from NT$2.32 profit in 2Q 2024). Revenue: NT$3.33b (up 6.1% from 2Q 2024). Net loss: NT$329.2m (down 203% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • May 30Advanced International Multitech Co., Ltd. Approves Cash Dividend for 2024Advanced International Multitech Co., Ltd. at its Annual General meeting held on May 29, 2025, approved the cash dividend is TWD 4.08867709 per share for 2024.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$4.35 (vs NT$3.02 in 1Q 2024)First quarter 2025 results: EPS: NT$4.35 (up from NT$3.02 in 1Q 2024). Revenue: NT$4.55b (up 20% from 1Q 2024). Net income: NT$662.3m (up 59% from 1Q 2024). Profit margin: 15% (up from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • May 01Advanced International Multitech Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Advanced International Multitech Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$62.20, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total loss to shareholders of 2.7% over the past three years.Upcoming Dividend • Mar 20Upcoming dividend of NT$4.09 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.2%).Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$7.51 (vs NT$0.50 in FY 2023)Full year 2024 results: EPS: NT$7.51 (up from NT$0.50 in FY 2023). Revenue: NT$14.2b (flat on FY 2023). Net income: NT$1.04b (up NT$973.7m from FY 2023). Profit margin: 7.3% (up from 0.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 03Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2025Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city TaiwanDeclared Dividend • Mar 01Dividend increased to NT$4.10Dividend of NT$4.10 is 156% higher than last year. Ex-date: 27th March 2025 Payment date: 2nd May 2025 Dividend yield will be 5.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • Feb 28Advanced International Multitech Co., Ltd. Announces Cash Dividend, Payable on May 2, 2025Advanced International Multitech Co., Ltd. announced the cash dividend of TWD 4.1 per share, totaling TWD 624,017,594. Ex-rights (Ex-dividend) date is March 27, 2025. Last date before book closure is March 28, 2025. Ex-rights (Ex-dividend) record date is April 4, 2025. Payment date of cash dividend distribution is May 2, 2025.お知らせ • Feb 20Advanced International Multitech Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Advanced International Multitech Co., Ltd. announced that they will report fiscal year 2024 results at 12:00 PM, Taipei Standard Time on Feb 27, 2025Reported Earnings • Nov 14Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$2.88b (up 11% from 3Q 2023). Net loss: NT$68.8m (loss narrowed 82% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Nov 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$2.32 (vs NT$1.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.32 (up from NT$1.14 in 2Q 2023). Revenue: NT$3.14b (up 1.0% from 2Q 2023). Net income: NT$319.3m (up 105% from 2Q 2023). Profit margin: 10% (up from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jul 26Advanced International Multitech Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Advanced International Multitech Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024お知らせ • May 29+ 2 more updatesAdvanced International Multitech Co., Ltd. Elects Directors and SupervisorsAdvanced International Multitech Co., Ltd. in its Annual General Shareholders' Meeting held on May 27, 2024 elected Institutional director, Ming An Investment Co., Ltd. Representative of Hsi-Chien Cheng. Institutional director Yuan Hong Investment Co., Ltd. Natural-person director Chou,I-Nan. Independent director Yao-Hong Ho. Independent director, Shyue-bin Chang.Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$3.02 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$3.02 (up from NT$1.87 in 1Q 2023). Revenue: NT$3.78b (down 24% from 1Q 2023). Net income: NT$415.8m (up 64% from 1Q 2023). Profit margin: 11% (up from 5.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Apr 17Advanced International Multitech Co., Ltd. (TPEX:8938) agreed to acquire remaining 48.35% stake in Launch Technologies Co., Ltd. (TPEX:8420) for TWD1.1 billion.Advanced International Multitech Co., Ltd. (TPEX:8938) agreed to acquire remaining 48.35% stake in Launch Technologies Co., Ltd. (TPEX:8420) for TWD1.1 billion on April 15, 2024. Transaction is expected to close with Advanced International Multitech Co., Ltd. (TPEX:8938) board approval. The transaction is expected to close on September 30, 2024.お知らせ • Apr 16Advanced International Multitech Co., Ltd. announced that it expects to receive TWD 144.18845 million in fundingAdvanced International Multitech Co., Ltd. announced a private placement of 14,418,845 at a price of TWD 10 per share for the gross proceeds of TWD 144,188,450 on April 14, 2024. The transaction has been approved by the shareholders of the company.Upcoming Dividend • Mar 20Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 30 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.8%).お知らせ • Mar 14Advanced International Multitech Co., Ltd., Annual General Meeting, May 27, 2024Advanced International Multitech Co., Ltd., Annual General Meeting, May 27, 2024.New Risk • Mar 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 115% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$0.50 (vs NT$16.92 in FY 2022)Full year 2023 results: EPS: NT$0.50 (down from NT$16.92 in FY 2022). Revenue: NT$14.3b (down 33% from FY 2022). Net income: NT$69.0m (down 97% from FY 2022). Profit margin: 0.5% (down from 11% 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 2% per year whereas the company’s share price has increased by 7% per year.Declared Dividend • Mar 02Dividend reduced to NT$1.60Dividend of NT$1.60 is 82% lower than last year. Ex-date: 27th March 2024 Payment date: 30th April 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is not covered by earnings (222% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has increased by an average of 15% 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 147% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.お知らせ • Mar 01Advanced International Multitech Co., Ltd. Announces Cash Dividend, Payable on April 30, 2024Advanced International Multitech Co., Ltd. announced cash dividend from earnings is TWD 0.5 per share, totaling TWD 68,785,636, cash dividend from capital surplus is TWD 1.1 per share, totaling TWD 151,328,400. Ex-rights (Ex-dividend) date is March 27, 2024; Ex-rights (Ex-dividend) record date is April 02, 2024; Payment date of cash dividend distribution is April 30, 2024.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.14 (vs NT$4.59 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.14 (down from NT$4.59 in 2Q 2022). Revenue: NT$3.11b (down 44% from 2Q 2022). Net income: NT$156.1m (down 74% from 2Q 2022). Profit margin: 5.0% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 37% per year.Upcoming Dividend • Mar 22Upcoming dividend of NT$8.97 per share at 8.2% yieldEligible shareholders must have bought the stock before 29 March 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.8%).Reported Earnings • Mar 01Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$16.92 (up from NT$10.01 in FY 2021). Revenue: NT$21.4b (up 27% from FY 2021). Net income: NT$2.24b (up 66% from FY 2021). Profit margin: 11% (up from 8.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. 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 43% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$111, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 261% over the past three years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & Deputy CEO Liu An Hao was the last director to join the board, commencing their role in 2007. 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 06Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$4.74 (up from NT$1.87 in 3Q 2021). Revenue: NT$4.98b (up 35% from 3Q 2021). Net income: NT$627.4m (up 148% from 3Q 2021). Profit margin: 13% (up from 6.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is expected to decline by 5.6% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$111, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 217% over the past three years.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$4.59 (vs NT$2.77 in 2Q 2021)Second quarter 2022 results: EPS: NT$4.59 (up from NT$2.77 in 2Q 2021). Revenue: NT$5.52b (up 27% from 2Q 2021). Net income: NT$607.0m (up 62% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$73.50, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 113% over the past three years.Upcoming Dividend • Jun 15Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.2%).お知らせ • Jun 01Advanced International Multitech Co., Ltd. Announces Cash Dividend for the Year 2021, Payable on July 20, 2022Advanced International Multitech Co., Ltd. announced cash dividend of TWD 727,835,471 or TWD 5.50 for each common share for 2021. Ex-rights (ex-dividend) date is June 22, 2022, ex-rights (ex-dividend) record date is June 28, 2020, and the payment date of cash dividend distribution is July 20, 2022.Reported Earnings • May 12First quarter 2022 earnings released: EPS: NT$3.64 (vs NT$2.23 in 1Q 2021)First quarter 2022 results: EPS: NT$3.64 (up from NT$2.23 in 1Q 2021). Revenue: NT$4.98b (up 24% from 1Q 2021). Net income: NT$481.5m (up 60% from 1Q 2021). Profit margin: 9.7% (up from 7.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & Deputy CEO Liu An Hao was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Feb 27Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2022Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2022. Location: Kaohsiung Municipal Social Education Center No.115,Syuefu Rd.,Siaogang District Kaohsiung City Taiwan Agenda: To report 2021 Business Report; to report 2021 Audit Committee’s Review Report; to report employees, directors and supervisors' remuneration of 2021; to report the amendment of some clauses of Codes of Ethical Conduct A, Ethical Corporate Management Best Practice Principles A, Procedures for Ethical Management and Guidelines for Conduct A Management of Operation of Board Meeting A Rules Governing Share Buyback and Transfer to Employees; to report the fourth tranche of the share buy-back and transfer to employees programme; and to discuss other matters.Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$10.01 (up from NT$5.03 in FY 2020). Revenue: NT$16.9b (up 40% from FY 2020). Net income: NT$1.35b (up 98% from FY 2020). Profit margin: 8.0% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 4.5% compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 26% per year.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.87 (vs NT$1.86 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: NT$3.68b (up 14% from 3Q 2020). Net income: NT$253.0m (flat on 3Q 2020). Profit margin: 6.9% (down from 7.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Sep 23Price target increased to NT$95.50Up from NT$82.50, the current price target is provided by 1 analyst. New target price is 33% above last closing price of NT$72.00. Stock is up 93% over the past year.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$75.60, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 143% over the past three years.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$2.77 (vs NT$0.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.36b (up 109% from 2Q 2020). Net income: NT$374.9m (up NT$339.7m from 2Q 2020). Profit margin: 8.6% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$87.50, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 15x in the Leisure industry in Taiwan. Total returns to shareholders of 172% over the past three years.Upcoming Dividend • Jul 21Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 20 August 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$64.00, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 86% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$2.23 (vs NT$0.79 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.01b (up 49% from 1Q 2020). Net income: NT$301.9m (up 182% from 1Q 2020). Profit margin: 7.5% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$84.60, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 153% over the past three years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$74.30, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 96% over the past three years.お知らせ • Feb 27Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2021Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2021. Location: No.115,Syuefu Rd. Siaogang District Kaohsiung City Taiwan Agenda: To report 2020 Business; to report employees, directors and supervisors' remuneration of 2020;to report the amendment of Procedures for Ethical Management and Guidelines for Conduct; to accept 2020 Business Report and Financial Statements; to accept 2020 dividend distribution; To revise some clauses of the company's Article; and to consider the any other matters that need to be specified.Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$5.03 (vs NT$4.55 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.1b (up 2.7% from FY 2019). Net income: NT$680.7m (up 11% from FY 2019). Profit margin: 5.6% (up from 5.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.003%. Over the next year, revenue is forecast to grow 35%, compared to a 15% growth forecast for the Leisure industry in Taiwan.分析記事 • Feb 25Should You Or Shouldn't You: A Dividend Analysis on Advanced International Multitech Co., Ltd. (GTSM:8938)Could Advanced International Multitech Co., Ltd. ( GTSM:8938 ) be an attractive dividend share to own for the long...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$50.10, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 10x. This compares to an average P/E of 24x in the Leisure industry in Taiwan. Total returns to shareholders over the past three years are 94%.Is New 90 Day High Low • Feb 18New 90-day high: NT$44.20The company is up 1.0% from its price of NT$43.75 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 Leisure industry, which is up 5.0% over the same period.分析記事 • Jan 28Did You Participate In Any Of Advanced International Multitech's (GTSM:8938) Fantastic 210% Return ?When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...分析記事 • Dec 17Advanced International Multitech Co., Ltd.'s (GTSM:8938) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?Advanced International Multitech (GTSM:8938) has had a rough week with its share price down 3.9%. However, stock prices...分析記事 • Nov 19Should You Or Shouldn't You: A Dividend Analysis on Advanced International Multitech Co., Ltd. (GTSM:8938)Is Advanced International Multitech Co., Ltd. (GTSM:8938) a good dividend stock? How can we tell? Dividend paying...Is New 90 Day High Low • Nov 10New 90-day high: NT$41.30The company is up 34% from its price of NT$30.80 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 8.0% over the same period.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$1.86The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.24b (up 45% from 3Q 2019). Net income: NT$251.0m (up 233% from 3Q 2019). Profit margin: 7.8% (up from 3.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.株主還元8938TW LeisureTW 市場7D-1.8%-1.9%6.6%1Y-21.7%-22.4%102.0%株主還元を見る業界別リターン: 8938過去 1 年間で-22.4 % のリターンをもたらしたTW Leisure業界と一致しました。リターン対市場: 8938は、過去 1 年間で102 % のリターンを上げたTW市場を下回りました。価格変動Is 8938's price volatile compared to industry and market?8938 volatility8938 Average Weekly Movement3.2%Leisure Industry Average Movement3.9%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 8938 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8938の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1987n/aMike Chouwww.adgroup.com.twアドバンスト・インターナショナル・マルチテック株式会社は、米州、アジア、および海外でゴルフ用品、ゴルフボール、複合材料、自転車部品の製造・販売を行っています。メタルウッド、アイアン/ウェッジ、パター、グラファイトシャフト、クラブアッセンブリーなどのゴルフ製品、フレーム、フォーク、パーツなどのカーボンファイバー自転車部品、熱硬化性・熱可塑性複合材料、航空機内装部品、自転車部品、工業部品、チタン・ステンレス製ハードウェアなどのインベストメント鋳造サービス、CFRPホイールなどを提供している。また、プラスチック製品の製造、国際貿易、炭素繊維プリプレグ材料やスポーツ製品の輸出入も行っている。アドバンスト・インターナショナル・マルチテック社は1987年に設立され、台湾の高雄市に本社を置く。もっと見るAdvanced International Multitech Co., Ltd. 基礎のまとめAdvanced International Multitech の収益と売上を時価総額と比較するとどうか。8938 基礎統計学時価総額NT$8.26b収益（TTM）NT$491.76m売上高(TTM)NT$14.96b16.8xPER（株価収益率0.6xP/Sレシオ8938 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8938 損益計算書（TTM）収益NT$14.96b売上原価NT$12.75b売上総利益NT$2.21bその他の費用NT$1.72b収益NT$491.76m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.19グロス・マージン14.78%純利益率3.29%有利子負債／自己資本比率25.6%8938 の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.5%現在の配当利回り133%配当性向View Valuation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2026/05/26 17:41終値2026/05/26 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Advanced International Multitech 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。3 アナリスト機関Jihong LaiCapital Securities CorporationSteven ChanKGI Securities Co. Ltd.Lida ChenMasterlink Securities Investment Advisory
New Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (133% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$4.35 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$4.35 in 1Q 2025). Revenue: NT$4.10b (down 9.9% from 1Q 2025). Net income: NT$204.6m (down 69% from 1Q 2025). Profit margin: 5.0% (down from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (424% cash payout ratio). Large one-off items impacting financial results.
Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%).
Declared Dividend • Mar 05Dividend reduced to NT$4.00Dividend of NT$4.00 is 2.2% lower than last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (434% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% 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 05+ 1 more updateAdvanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city Taiwan
New Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (133% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$4.35 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$4.35 in 1Q 2025). Revenue: NT$4.10b (down 9.9% from 1Q 2025). Net income: NT$204.6m (down 69% from 1Q 2025). Profit margin: 5.0% (down from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (424% cash payout ratio). Large one-off items impacting financial results.
Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.5%).
Declared Dividend • Mar 05Dividend reduced to NT$4.00Dividend of NT$4.00 is 2.2% lower than last year. Ex-date: 27th March 2026 Payment date: 30th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (434% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% 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 05+ 1 more updateAdvanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2026. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city Taiwan
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: NT$6.18 (vs NT$7.51 in FY 2024)Full year 2025 results: EPS: NT$6.18 (down from NT$7.51 in FY 2024). Revenue: NT$15.4b (up 8.6% from FY 2024). Net income: NT$949.5m (down 8.9% from FY 2024). Profit margin: 6.2% (down from 7.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.37 (vs NT$0.50 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$1.37 (up from NT$0.50 loss in 3Q 2024). Revenue: NT$2.80b (down 2.6% from 3Q 2024). Net income: NT$212.0m (up NT$280.8m from 3Q 2024). Profit margin: 7.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to NT$60.70. The fair value is estimated to be NT$76.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 46%.
New Risk • Aug 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.5% 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. Payout ratio: 93% Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 05Second quarter 2025 earnings released: NT$2.15 loss per share (vs NT$2.32 profit in 2Q 2024)Second quarter 2025 results: NT$2.15 loss per share (down from NT$2.32 profit in 2Q 2024). Revenue: NT$3.33b (up 6.1% from 2Q 2024). Net loss: NT$329.2m (down 203% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • May 30Advanced International Multitech Co., Ltd. Approves Cash Dividend for 2024Advanced International Multitech Co., Ltd. at its Annual General meeting held on May 29, 2025, approved the cash dividend is TWD 4.08867709 per share for 2024.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$4.35 (vs NT$3.02 in 1Q 2024)First quarter 2025 results: EPS: NT$4.35 (up from NT$3.02 in 1Q 2024). Revenue: NT$4.55b (up 20% from 1Q 2024). Net income: NT$662.3m (up 59% from 1Q 2024). Profit margin: 15% (up from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • May 01Advanced International Multitech Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Advanced International Multitech Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$62.20, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total loss to shareholders of 2.7% over the past three years.
Upcoming Dividend • Mar 20Upcoming dividend of NT$4.09 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (3.2%).
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$7.51 (vs NT$0.50 in FY 2023)Full year 2024 results: EPS: NT$7.51 (up from NT$0.50 in FY 2023). Revenue: NT$14.2b (flat on FY 2023). Net income: NT$1.04b (up NT$973.7m from FY 2023). Profit margin: 7.3% (up from 0.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 03Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2025Advanced International Multitech Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,115, hsueh fu rd., siaogang district, kaohsiung city Taiwan
Declared Dividend • Mar 01Dividend increased to NT$4.10Dividend of NT$4.10 is 156% higher than last year. Ex-date: 27th March 2025 Payment date: 2nd May 2025 Dividend yield will be 5.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • Feb 28Advanced International Multitech Co., Ltd. Announces Cash Dividend, Payable on May 2, 2025Advanced International Multitech Co., Ltd. announced the cash dividend of TWD 4.1 per share, totaling TWD 624,017,594. Ex-rights (Ex-dividend) date is March 27, 2025. Last date before book closure is March 28, 2025. Ex-rights (Ex-dividend) record date is April 4, 2025. Payment date of cash dividend distribution is May 2, 2025.
お知らせ • Feb 20Advanced International Multitech Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Advanced International Multitech Co., Ltd. announced that they will report fiscal year 2024 results at 12:00 PM, Taipei Standard Time on Feb 27, 2025
Reported Earnings • Nov 14Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$2.88b (up 11% from 3Q 2023). Net loss: NT$68.8m (loss narrowed 82% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Nov 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$2.32 (vs NT$1.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.32 (up from NT$1.14 in 2Q 2023). Revenue: NT$3.14b (up 1.0% from 2Q 2023). Net income: NT$319.3m (up 105% from 2Q 2023). Profit margin: 10% (up from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jul 26Advanced International Multitech Co., Ltd. to Report Q2, 2024 Results on Aug 02, 2024Advanced International Multitech Co., Ltd. announced that they will report Q2, 2024 results on Aug 02, 2024
お知らせ • May 29+ 2 more updatesAdvanced International Multitech Co., Ltd. Elects Directors and SupervisorsAdvanced International Multitech Co., Ltd. in its Annual General Shareholders' Meeting held on May 27, 2024 elected Institutional director, Ming An Investment Co., Ltd. Representative of Hsi-Chien Cheng. Institutional director Yuan Hong Investment Co., Ltd. Natural-person director Chou,I-Nan. Independent director Yao-Hong Ho. Independent director, Shyue-bin Chang.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$3.02 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$3.02 (up from NT$1.87 in 1Q 2023). Revenue: NT$3.78b (down 24% from 1Q 2023). Net income: NT$415.8m (up 64% from 1Q 2023). Profit margin: 11% (up from 5.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Apr 17Advanced International Multitech Co., Ltd. (TPEX:8938) agreed to acquire remaining 48.35% stake in Launch Technologies Co., Ltd. (TPEX:8420) for TWD1.1 billion.Advanced International Multitech Co., Ltd. (TPEX:8938) agreed to acquire remaining 48.35% stake in Launch Technologies Co., Ltd. (TPEX:8420) for TWD1.1 billion on April 15, 2024. Transaction is expected to close with Advanced International Multitech Co., Ltd. (TPEX:8938) board approval. The transaction is expected to close on September 30, 2024.
お知らせ • Apr 16Advanced International Multitech Co., Ltd. announced that it expects to receive TWD 144.18845 million in fundingAdvanced International Multitech Co., Ltd. announced a private placement of 14,418,845 at a price of TWD 10 per share for the gross proceeds of TWD 144,188,450 on April 14, 2024. The transaction has been approved by the shareholders of the company.
Upcoming Dividend • Mar 20Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 30 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.8%).
お知らせ • Mar 14Advanced International Multitech Co., Ltd., Annual General Meeting, May 27, 2024Advanced International Multitech Co., Ltd., Annual General Meeting, May 27, 2024.
New Risk • Mar 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 115% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$0.50 (vs NT$16.92 in FY 2022)Full year 2023 results: EPS: NT$0.50 (down from NT$16.92 in FY 2022). Revenue: NT$14.3b (down 33% from FY 2022). Net income: NT$69.0m (down 97% from FY 2022). Profit margin: 0.5% (down from 11% 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 2% per year whereas the company’s share price has increased by 7% per year.
Declared Dividend • Mar 02Dividend reduced to NT$1.60Dividend of NT$1.60 is 82% lower than last year. Ex-date: 27th March 2024 Payment date: 30th April 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is not covered by earnings (222% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has increased by an average of 15% 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 147% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
お知らせ • Mar 01Advanced International Multitech Co., Ltd. Announces Cash Dividend, Payable on April 30, 2024Advanced International Multitech Co., Ltd. announced cash dividend from earnings is TWD 0.5 per share, totaling TWD 68,785,636, cash dividend from capital surplus is TWD 1.1 per share, totaling TWD 151,328,400. Ex-rights (Ex-dividend) date is March 27, 2024; Ex-rights (Ex-dividend) record date is April 02, 2024; Payment date of cash dividend distribution is April 30, 2024.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.14 (vs NT$4.59 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.14 (down from NT$4.59 in 2Q 2022). Revenue: NT$3.11b (down 44% from 2Q 2022). Net income: NT$156.1m (down 74% from 2Q 2022). Profit margin: 5.0% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 37% per year.
Upcoming Dividend • Mar 22Upcoming dividend of NT$8.97 per share at 8.2% yieldEligible shareholders must have bought the stock before 29 March 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.8%).
Reported Earnings • Mar 01Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$16.92 (up from NT$10.01 in FY 2021). Revenue: NT$21.4b (up 27% from FY 2021). Net income: NT$2.24b (up 66% from FY 2021). Profit margin: 11% (up from 8.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. 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 43% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$111, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 261% over the past three years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & Deputy CEO Liu An Hao was the last director to join the board, commencing their role in 2007. 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 06Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$4.74 (up from NT$1.87 in 3Q 2021). Revenue: NT$4.98b (up 35% from 3Q 2021). Net income: NT$627.4m (up 148% from 3Q 2021). Profit margin: 13% (up from 6.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is expected to decline by 5.6% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$111, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 217% over the past three years.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$4.59 (vs NT$2.77 in 2Q 2021)Second quarter 2022 results: EPS: NT$4.59 (up from NT$2.77 in 2Q 2021). Revenue: NT$5.52b (up 27% from 2Q 2021). Net income: NT$607.0m (up 62% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$73.50, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 113% over the past three years.
Upcoming Dividend • Jun 15Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.2%).
お知らせ • Jun 01Advanced International Multitech Co., Ltd. Announces Cash Dividend for the Year 2021, Payable on July 20, 2022Advanced International Multitech Co., Ltd. announced cash dividend of TWD 727,835,471 or TWD 5.50 for each common share for 2021. Ex-rights (ex-dividend) date is June 22, 2022, ex-rights (ex-dividend) record date is June 28, 2020, and the payment date of cash dividend distribution is July 20, 2022.
Reported Earnings • May 12First quarter 2022 earnings released: EPS: NT$3.64 (vs NT$2.23 in 1Q 2021)First quarter 2022 results: EPS: NT$3.64 (up from NT$2.23 in 1Q 2021). Revenue: NT$4.98b (up 24% from 1Q 2021). Net income: NT$481.5m (up 60% from 1Q 2021). Profit margin: 9.7% (up from 7.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & Deputy CEO Liu An Hao was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Feb 27Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2022Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2022. Location: Kaohsiung Municipal Social Education Center No.115,Syuefu Rd.,Siaogang District Kaohsiung City Taiwan Agenda: To report 2021 Business Report; to report 2021 Audit Committee’s Review Report; to report employees, directors and supervisors' remuneration of 2021; to report the amendment of some clauses of Codes of Ethical Conduct A, Ethical Corporate Management Best Practice Principles A, Procedures for Ethical Management and Guidelines for Conduct A Management of Operation of Board Meeting A Rules Governing Share Buyback and Transfer to Employees; to report the fourth tranche of the share buy-back and transfer to employees programme; and to discuss other matters.
Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$10.01 (up from NT$5.03 in FY 2020). Revenue: NT$16.9b (up 40% from FY 2020). Net income: NT$1.35b (up 98% from FY 2020). Profit margin: 8.0% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 4.5% compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 26% per year.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.87 (vs NT$1.86 in 3Q 2020)The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: NT$3.68b (up 14% from 3Q 2020). Net income: NT$253.0m (flat on 3Q 2020). Profit margin: 6.9% (down from 7.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Sep 23Price target increased to NT$95.50Up from NT$82.50, the current price target is provided by 1 analyst. New target price is 33% above last closing price of NT$72.00. Stock is up 93% over the past year.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$75.60, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 143% over the past three years.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$2.77 (vs NT$0.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.36b (up 109% from 2Q 2020). Net income: NT$374.9m (up NT$339.7m from 2Q 2020). Profit margin: 8.6% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$87.50, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 15x in the Leisure industry in Taiwan. Total returns to shareholders of 172% over the past three years.
Upcoming Dividend • Jul 21Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 20 August 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$64.00, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$2.23 (vs NT$0.79 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.01b (up 49% from 1Q 2020). Net income: NT$301.9m (up 182% from 1Q 2020). Profit margin: 7.5% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$84.60, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 153% over the past three years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$74.30, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 96% over the past three years.
お知らせ • Feb 27Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2021Advanced International Multitech Co., Ltd., Annual General Meeting, May 31, 2021. Location: No.115,Syuefu Rd. Siaogang District Kaohsiung City Taiwan Agenda: To report 2020 Business; to report employees, directors and supervisors' remuneration of 2020;to report the amendment of Procedures for Ethical Management and Guidelines for Conduct; to accept 2020 Business Report and Financial Statements; to accept 2020 dividend distribution; To revise some clauses of the company's Article; and to consider the any other matters that need to be specified.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$5.03 (vs NT$4.55 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.1b (up 2.7% from FY 2019). Net income: NT$680.7m (up 11% from FY 2019). Profit margin: 5.6% (up from 5.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.003%. Over the next year, revenue is forecast to grow 35%, compared to a 15% growth forecast for the Leisure industry in Taiwan.
分析記事 • Feb 25Should You Or Shouldn't You: A Dividend Analysis on Advanced International Multitech Co., Ltd. (GTSM:8938)Could Advanced International Multitech Co., Ltd. ( GTSM:8938 ) be an attractive dividend share to own for the long...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$50.10, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 10x. This compares to an average P/E of 24x in the Leisure industry in Taiwan. Total returns to shareholders over the past three years are 94%.
Is New 90 Day High Low • Feb 18New 90-day high: NT$44.20The company is up 1.0% from its price of NT$43.75 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 Leisure industry, which is up 5.0% over the same period.
分析記事 • Jan 28Did You Participate In Any Of Advanced International Multitech's (GTSM:8938) Fantastic 210% Return ?When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
分析記事 • Dec 17Advanced International Multitech Co., Ltd.'s (GTSM:8938) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?Advanced International Multitech (GTSM:8938) has had a rough week with its share price down 3.9%. However, stock prices...
分析記事 • Nov 19Should You Or Shouldn't You: A Dividend Analysis on Advanced International Multitech Co., Ltd. (GTSM:8938)Is Advanced International Multitech Co., Ltd. (GTSM:8938) a good dividend stock? How can we tell? Dividend paying...
Is New 90 Day High Low • Nov 10New 90-day high: NT$41.30The company is up 34% from its price of NT$30.80 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 8.0% over the same period.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$1.86The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.24b (up 45% from 3Q 2019). Net income: NT$251.0m (up 233% from 3Q 2019). Profit margin: 7.8% (up from 3.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.
