View Past PerformanceAction Electronics バランスシートの健全性財務の健全性 基準チェック /46Action Electronicsの総株主資本はNT$3.0B 、総負債はNT$1.3Bで、負債比率は43.4%となります。総資産と総負債はそれぞれNT$4.9BとNT$1.9Bです。 Action Electronicsの EBIT はNT$58.5Mで、利息カバレッジ比率175.1です。現金および短期投資はNT$1.1Bです。主要情報43.41%負債資本比率NT$1.32b負債インタレスト・カバレッジ・レシオ175.1x現金NT$1.08bエクイティNT$3.03b負債合計NT$1.87b総資産NT$4.90b財務の健全性に関する最新情報分析記事 • Mar 25Action Electronics (TPE:3024) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Dec 18Is Action Electronics (TPE:3024) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...すべての更新を表示Recent updatesDeclared Dividend • Jun 26Dividend reduced to NT$0.22Dividend of NT$0.22 is 45% lower than last year. Ex-date: 9th July 2026 Payment date: 10th August 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is not covered by earnings (236% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 162% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.New Risk • May 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 236% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$12.00, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 18x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 14% over the past three years.New Risk • Mar 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.4% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (NT$2.84b market cap, or US$89.1m).Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.28 (vs NT$0.66 in FY 2024)Full year 2025 results: EPS: NT$0.28 (down from NT$0.66 in FY 2024). Revenue: NT$1.71b (down 31% from FY 2024). Net income: NT$76.2m (down 59% from FY 2024). Profit margin: 4.5% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Jan 23Action Electronics Co., Ltd., Annual General Meeting, May 12, 2026Action Electronics Co., Ltd., Annual General Meeting, May 12, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,7, wen hsin st., lujhu district, taoyuan city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.021 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.03 (up from NT$0.021 in 3Q 2024). Revenue: NT$326.3m (down 14% from 3Q 2024). Net income: NT$9.33m (up 63% from 3Q 2024). Profit margin: 2.9% (up from 1.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.08b market cap, or US$99.6m).Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.10 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.09 (down from NT$0.10 in 2Q 2024). Revenue: NT$492.9m (up 17% from 2Q 2024). Net income: NT$24.9m (down 6.4% from 2Q 2024). Profit margin: 5.0% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Declared Dividend • Jul 02Dividend increased to NT$0.40Dividend of NT$0.40 is 300% higher than last year. Ex-date: 16th July 2025 Payment date: 8th August 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.20 (vs NT$0.081 in 1Q 2024)First quarter 2025 results: EPS: NT$0.20 (up from NT$0.081 in 1Q 2024). Revenue: NT$627.8m (up 80% from 1Q 2024). Net income: NT$56.4m (up 153% from 1Q 2024). Profit margin: 9.0% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • May 01Action Electronics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Action Electronics 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 17%After last week's 17% share price decline to NT$13.80, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 9.2% over the past three years.New Risk • Apr 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.分析記事 • Mar 26Shareholders Can Be Confident That Action Electronics' (TWSE:3024) Earnings Are High QualityEven though Action Electronics Co., Ltd. ( TWSE:3024 ) posted strong earnings, investors appeared to be underwhelmed...Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$0.66 (vs NT$0.39 in FY 2023)Full year 2024 results: EPS: NT$0.66 (up from NT$0.39 in FY 2023). Revenue: NT$2.50b (up 63% from FY 2023). Net income: NT$183.7m (up 69% from FY 2023). Profit margin: 7.4% (up from 7.1% in FY 2023). 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 10% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 18Action Electronics Co., Ltd., Annual General Meeting, Jun 20, 2025Action Electronics Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,2, sec.1 jen ai rd., lujhu district, taoyuan city Taiwanお知らせ • Mar 07Action Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025Action Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20. Revenue: NT$380.0m (up 8.1% from 3Q 2023). Net income: NT$5.71m (down 87% from 3Q 2023). Profit margin: 1.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Nov 01Action Electronics Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Action Electronics Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$20.20, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 67% over the past three years.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).お知らせ • Aug 02Action Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Action Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024分析記事 • Jul 30Action Electronics' (TWSE:3024) Returns On Capital Are Heading HigherWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...New Risk • Jun 30New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Declared Dividend • Jun 27Dividend reduced to NT$0.10Dividend of NT$0.10 is 55% lower than last year. Ex-date: 10th July 2024 Payment date: 6th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.1%.お知らせ • Jun 26Action Electronics Co., Ltd Approves Cash Dividend, Payable on August 6, 2024Action Electronics Co., Ltd. at its shareholders meeting held on June 25, 2024, approved the amount of cash dividends is TWD 27,715,750 (TWD 0.1 per share). The dividend is payable on August 6, 2024 with Ex-rights (ex-dividend) trading date of July 10, 2024 and Ex-rights (ex-dividend) record date of July 16, 2024.Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.094 in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (down from NT$0.094 in 1Q 2023). Revenue: NT$348.2m (down 17% from 1Q 2023). Net income: NT$22.3m (down 14% from 1Q 2023). Profit margin: 6.4% (up from 6.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • May 03Action Electronics Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Action Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.39 (vs NT$0.33 in FY 2022)Full year 2023 results: EPS: NT$0.39 (up from NT$0.33 in FY 2022). Revenue: NT$1.53b (up 2.7% from FY 2022). Net income: NT$109.0m (up 19% from FY 2022). Profit margin: 7.1% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 14Action Electronics Co., Ltd., Annual General Meeting, Jun 14, 2024Action Electronics Co., Ltd., Annual General Meeting, Jun 14, 2024.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$19.70, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 17x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 81% over the past three years.お知らせ • Dec 21Action Electronics Co., Ltd. Announces Executive ChangesAction Electronics Co., Ltd. announced executive changes. Name of the previous position holder: Peng Ting-Yu. Resume of the previous position holder: Chairperson. Name of the new position holder: Peng Hsiu-Yun. Resume of the new position holder: Director. Reason for the change: job relocation. Effective date of the new appointment is December 19, 2023.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.11 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.11 in 2Q 2022). Revenue: NT$407.2m (flat on 2Q 2022). Net income: NT$22.7m (down 28% from 2Q 2022). Profit margin: 5.6% (down from 7.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of NT$0.22 per share at 1.4% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.0%).お知らせ • Jul 04Action Electronics Co., Ltd. Approves Cash Dividend, Payable on August 15, 2023Action Electronics Co., Ltd. at its shareholders meeting held on July 3, 2023, approved the amount of cash dividends is TWD 60,974,649 (TWD 0.22 per share). The dividend is payable on August 15, 2023 with Ex-rights (ex-dividend) trading date of July 19, 2023 and Ex-rights (ex-dividend) record date of July 25, 2023.お知らせ • Jun 28Action Electronics Co., Ltd. Announces Board ChangesAction Electronics Co., Ltd. announced the appointment for members of the company's remuneration committee. Name of the previous position holder: Tang Peng-Chin; Yen Tzong-Ming; Min Kuei-Ling. Resume of the previous position holder: Tang Peng-Chin,Chairman of Trans Globe Capital Management Ltd.(TGCM); Yen Tzong-Ming,Independent Director of MACHVISION Inc. Co., LTD.; Min Kuei-Ling,Deputy General Manager of My Humble House Hospitality Management Consulting Co.,Ltd. Name of the new position holder: Yen Tzong-Ming; Tang Peng-Chin; Zhang Zhi-yuan. Resume of the new position holder: Yen Tzong-Ming,Independent Director of MACHVISION Inc. Co., LTD; Tang Peng-Chin,Chairman of Trans Globe Capital Management Ltd.(TGCM); Zhang Zhi-yuan,Independent Director Of BRIGHT LED ELECTRONICS CORP. Effective date of the new member is June 26, 2023.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$0.33 (vs NT$0.035 in FY 2021)Full year 2022 results: EPS: NT$0.33 (up from NT$0.035 in FY 2021). Revenue: NT$1.49b (down 3.2% from FY 2021). Net income: NT$91.8m (up NT$82.0m from FY 2021). Profit margin: 6.2% (up from 0.6% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.077 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (up from NT$0.077 in 3Q 2021). Revenue: NT$425.6m (flat on 3Q 2021). Net income: NT$26.8m (up 25% from 3Q 2021). Profit margin: 6.3% (up from 5.0% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.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. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.077 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (up from NT$0.077 in 3Q 2021). Revenue: NT$425.6m (flat on 3Q 2021). Net income: NT$26.8m (up 25% from 3Q 2021). Profit margin: 6.3% (up from 5.0% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.10 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.11 (up from NT$0.10 loss in 2Q 2021). Revenue: NT$404.1m (up 16% from 2Q 2021). Net income: NT$31.4m (up NT$60.6m from 2Q 2021). Profit margin: 7.8% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 07Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.1%).お知らせ • Jun 25Action Electronics Co., Ltd. Approves Earnings Distribution in 2021Action Electronics Co., Ltd. approved Earnings distribution in 2021 of Cash dividend of TWD 0.3 per share, at its shareholders meeting held on June 24, 2022.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.07 (up from NT$0.064 in 1Q 2021). Revenue: NT$381.7m (down 3.6% from 1Q 2021). Net income: NT$18.8m (up 5.2% from 1Q 2021). Profit margin: 4.9% (up from 4.5% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 506%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.お知らせ • May 13Action Electronics Co., Ltd. Announces Executive ChangesAction Electronics Co., Ltd. announced the appointment of Vincent Wang, Assistant Manager as Financial Officer, in place of C. C. Wang, Vice President with effect from May 12, 2022.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. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . 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 • Apr 08Action Electronics Co., Ltd. Announces CFO ChangesAction Electronics Co., Ltd. changes in the company's financial officer and spokesperson. Name, title, and resume of the previous position holder: spokesperson: C.C. Wang Vo General Manager and Chief Financial Officer: C.C.Wang Vo General Manager. Name, title, and resume of the new position holder: spokesperson Peng Ting Yu Chairman Chief Financial Officer Vincent Wang Assistant Manager (Temporary). Effective April 6, 2022.Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$0.035 (down from NT$0.14 in FY 2020). Revenue: NT$1.54b (up 20% from FY 2020). Net income: NT$9.78m (down 75% from FY 2020). Profit margin: 0.6% (down from 3.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 506%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.お知らせ • Mar 31Action Electronics Co., Ltd., Annual General Meeting, Jun 24, 2022Action Electronics Co., Ltd., Annual General Meeting, Jun 24, 2022. Location: No.198, Zhongyuan Rd,Zhongli Dist Taoyuan City Taiwan Agenda: To consider 2021 Business report; to Audit Committee's report for 2021 audited financial reports; to 2021 distributable compensation for employees and directors; to Total endorsements/guarantees provided by the Company; to 2021 Companys business reports and financial statements; to Adoption of the proposal for distribution of 2021 profits; and to Amendment to the Company's Procedure for Acquisition and Disposal of Assets.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.17 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$426.4m (up 12% from 3Q 2020). Net income: NT$21.4m (down 54% from 3Q 2020). Profit margin: 5.0% (down from 12% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 17Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 16 September 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.0%).Reported Earnings • Aug 13Second quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.086 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$347.2m (down 4.9% from 2Q 2020). Net loss: NT$29.2m (down 223% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$13.15, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 12x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 92% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.031 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$395.9m (up 46% from 1Q 2020). Net income: NT$17.8m (up 110% from 1Q 2020). Profit margin: 4.5% (up from 3.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.分析記事 • Mar 25Action Electronics (TPE:3024) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Mar 08Can Action Electronics (TPE:3024) Continue To Grow Its Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Feb 17Action Electronics (TPE:3024) Has Gifted Shareholders With A Fantastic 212% Total Return On Their InvestmentIt hasn't been the best quarter for Action Electronics Co., Ltd. ( TPE:3024 ) shareholders, since the share price has...分析記事 • Feb 02Should Action Electronics Co., Ltd. (TPE:3024) Be Part Of Your Dividend Portfolio?Is Action Electronics Co., Ltd. ( TPE:3024 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Jan 18Are Action Electronics's (TPE:3024) Statutory Earnings A Good Guide To Its Underlying Profitability?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Jan 06New 90-day low: NT$11.05The company is down 6.0% from its price of NT$11.75 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period.分析記事 • Jan 03Action Electronics Co., Ltd.'s (TPE:3024) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?It is hard to get excited after looking at Action Electronics' (TPE:3024) recent performance, when its stock has...分析記事 • Dec 18Is Action Electronics (TPE:3024) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Dec 03Does Action Electronics (TPE:3024) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...分析記事 • Nov 18Action Electronics (TPE:3024) Has Gifted Shareholders With A Fantastic 217% Total Return On Their InvestmentWhen you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$0.17The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$380.8m (up 3.2% from 3Q 2019). Net income: NT$46.2m (up 51% from 3Q 2019). Profit margin: 12% (up from 8.3% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.財務状況分析短期負債: 3024の 短期資産 ( NT$2.5B ) が 短期負債 ( NT$1.8B ) を超えています。長期負債: 3024の短期資産 ( NT$2.5B ) が 長期負債 ( NT$106.9M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3024の 純負債対資本比率 ( 7.9% ) は 満足できる 水準であると考えられます。負債の削減: 3024の負債対資本比率は、過去 5 年間で17.7%から43.4%に増加しました。債務返済能力: 3024の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 3024の負債に対する 利息支払い は EBIT ( 175.1 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の健全な企業。View Dividend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2026/07/17 10:44終値2026/07/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Action Electronics 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
分析記事 • Mar 25Action Electronics (TPE:3024) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Dec 18Is Action Electronics (TPE:3024) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Declared Dividend • Jun 26Dividend reduced to NT$0.22Dividend of NT$0.22 is 45% lower than last year. Ex-date: 9th July 2026 Payment date: 10th August 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is not covered by earnings (236% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 162% to bring the payout ratio under control. However, EPS has declined by 12% over the last 5 years so the company would need to reverse this trend.
New Risk • May 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 236% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$12.00, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 18x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 14% over the past three years.
New Risk • Mar 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.4% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (NT$2.84b market cap, or US$89.1m).
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.28 (vs NT$0.66 in FY 2024)Full year 2025 results: EPS: NT$0.28 (down from NT$0.66 in FY 2024). Revenue: NT$1.71b (down 31% from FY 2024). Net income: NT$76.2m (down 59% from FY 2024). Profit margin: 4.5% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Jan 23Action Electronics Co., Ltd., Annual General Meeting, May 12, 2026Action Electronics Co., Ltd., Annual General Meeting, May 12, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,7, wen hsin st., lujhu district, taoyuan city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.021 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.03 (up from NT$0.021 in 3Q 2024). Revenue: NT$326.3m (down 14% from 3Q 2024). Net income: NT$9.33m (up 63% from 3Q 2024). Profit margin: 2.9% (up from 1.5% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.08b market cap, or US$99.6m).
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.10 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.09 (down from NT$0.10 in 2Q 2024). Revenue: NT$492.9m (up 17% from 2Q 2024). Net income: NT$24.9m (down 6.4% from 2Q 2024). Profit margin: 5.0% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Declared Dividend • Jul 02Dividend increased to NT$0.40Dividend of NT$0.40 is 300% higher than last year. Ex-date: 16th July 2025 Payment date: 8th August 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.20 (vs NT$0.081 in 1Q 2024)First quarter 2025 results: EPS: NT$0.20 (up from NT$0.081 in 1Q 2024). Revenue: NT$627.8m (up 80% from 1Q 2024). Net income: NT$56.4m (up 153% from 1Q 2024). Profit margin: 9.0% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • May 01Action Electronics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Action Electronics 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 17%After last week's 17% share price decline to NT$13.80, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 14x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 9.2% over the past three years.
New Risk • Apr 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
分析記事 • Mar 26Shareholders Can Be Confident That Action Electronics' (TWSE:3024) Earnings Are High QualityEven though Action Electronics Co., Ltd. ( TWSE:3024 ) posted strong earnings, investors appeared to be underwhelmed...
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$0.66 (vs NT$0.39 in FY 2023)Full year 2024 results: EPS: NT$0.66 (up from NT$0.39 in FY 2023). Revenue: NT$2.50b (up 63% from FY 2023). Net income: NT$183.7m (up 69% from FY 2023). Profit margin: 7.4% (up from 7.1% in FY 2023). 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 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 18Action Electronics Co., Ltd., Annual General Meeting, Jun 20, 2025Action Electronics Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,2, sec.1 jen ai rd., lujhu district, taoyuan city Taiwan
お知らせ • Mar 07Action Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025Action Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20. Revenue: NT$380.0m (up 8.1% from 3Q 2023). Net income: NT$5.71m (down 87% from 3Q 2023). Profit margin: 1.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Nov 01Action Electronics Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Action Electronics Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$20.20, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 16x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 67% over the past three years.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
お知らせ • Aug 02Action Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Action Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
分析記事 • Jul 30Action Electronics' (TWSE:3024) Returns On Capital Are Heading HigherWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
New Risk • Jun 30New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Declared Dividend • Jun 27Dividend reduced to NT$0.10Dividend of NT$0.10 is 55% lower than last year. Ex-date: 10th July 2024 Payment date: 6th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.1%.
お知らせ • Jun 26Action Electronics Co., Ltd Approves Cash Dividend, Payable on August 6, 2024Action Electronics Co., Ltd. at its shareholders meeting held on June 25, 2024, approved the amount of cash dividends is TWD 27,715,750 (TWD 0.1 per share). The dividend is payable on August 6, 2024 with Ex-rights (ex-dividend) trading date of July 10, 2024 and Ex-rights (ex-dividend) record date of July 16, 2024.
Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.094 in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (down from NT$0.094 in 1Q 2023). Revenue: NT$348.2m (down 17% from 1Q 2023). Net income: NT$22.3m (down 14% from 1Q 2023). Profit margin: 6.4% (up from 6.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • May 03Action Electronics Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Action Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.39 (vs NT$0.33 in FY 2022)Full year 2023 results: EPS: NT$0.39 (up from NT$0.33 in FY 2022). Revenue: NT$1.53b (up 2.7% from FY 2022). Net income: NT$109.0m (up 19% from FY 2022). Profit margin: 7.1% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 14Action Electronics Co., Ltd., Annual General Meeting, Jun 14, 2024Action Electronics Co., Ltd., Annual General Meeting, Jun 14, 2024.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$19.70, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 17x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 81% over the past three years.
お知らせ • Dec 21Action Electronics Co., Ltd. Announces Executive ChangesAction Electronics Co., Ltd. announced executive changes. Name of the previous position holder: Peng Ting-Yu. Resume of the previous position holder: Chairperson. Name of the new position holder: Peng Hsiu-Yun. Resume of the new position holder: Director. Reason for the change: job relocation. Effective date of the new appointment is December 19, 2023.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$0.11 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$0.11 in 2Q 2022). Revenue: NT$407.2m (flat on 2Q 2022). Net income: NT$22.7m (down 28% from 2Q 2022). Profit margin: 5.6% (down from 7.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of NT$0.22 per share at 1.4% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.0%).
お知らせ • Jul 04Action Electronics Co., Ltd. Approves Cash Dividend, Payable on August 15, 2023Action Electronics Co., Ltd. at its shareholders meeting held on July 3, 2023, approved the amount of cash dividends is TWD 60,974,649 (TWD 0.22 per share). The dividend is payable on August 15, 2023 with Ex-rights (ex-dividend) trading date of July 19, 2023 and Ex-rights (ex-dividend) record date of July 25, 2023.
お知らせ • Jun 28Action Electronics Co., Ltd. Announces Board ChangesAction Electronics Co., Ltd. announced the appointment for members of the company's remuneration committee. Name of the previous position holder: Tang Peng-Chin; Yen Tzong-Ming; Min Kuei-Ling. Resume of the previous position holder: Tang Peng-Chin,Chairman of Trans Globe Capital Management Ltd.(TGCM); Yen Tzong-Ming,Independent Director of MACHVISION Inc. Co., LTD.; Min Kuei-Ling,Deputy General Manager of My Humble House Hospitality Management Consulting Co.,Ltd. Name of the new position holder: Yen Tzong-Ming; Tang Peng-Chin; Zhang Zhi-yuan. Resume of the new position holder: Yen Tzong-Ming,Independent Director of MACHVISION Inc. Co., LTD; Tang Peng-Chin,Chairman of Trans Globe Capital Management Ltd.(TGCM); Zhang Zhi-yuan,Independent Director Of BRIGHT LED ELECTRONICS CORP. Effective date of the new member is June 26, 2023.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$0.33 (vs NT$0.035 in FY 2021)Full year 2022 results: EPS: NT$0.33 (up from NT$0.035 in FY 2021). Revenue: NT$1.49b (down 3.2% from FY 2021). Net income: NT$91.8m (up NT$82.0m from FY 2021). Profit margin: 6.2% (up from 0.6% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.077 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (up from NT$0.077 in 3Q 2021). Revenue: NT$425.6m (flat on 3Q 2021). Net income: NT$26.8m (up 25% from 3Q 2021). Profit margin: 6.3% (up from 5.0% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
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. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.077 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.10 (up from NT$0.077 in 3Q 2021). Revenue: NT$425.6m (flat on 3Q 2021). Net income: NT$26.8m (up 25% from 3Q 2021). Profit margin: 6.3% (up from 5.0% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.10 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.11 (up from NT$0.10 loss in 2Q 2021). Revenue: NT$404.1m (up 16% from 2Q 2021). Net income: NT$31.4m (up NT$60.6m from 2Q 2021). Profit margin: 7.8% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 07Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.1%).
お知らせ • Jun 25Action Electronics Co., Ltd. Approves Earnings Distribution in 2021Action Electronics Co., Ltd. approved Earnings distribution in 2021 of Cash dividend of TWD 0.3 per share, at its shareholders meeting held on June 24, 2022.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.07 (up from NT$0.064 in 1Q 2021). Revenue: NT$381.7m (down 3.6% from 1Q 2021). Net income: NT$18.8m (up 5.2% from 1Q 2021). Profit margin: 4.9% (up from 4.5% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 506%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
お知らせ • May 13Action Electronics Co., Ltd. Announces Executive ChangesAction Electronics Co., Ltd. announced the appointment of Vincent Wang, Assistant Manager as Financial Officer, in place of C. C. Wang, Vice President with effect from May 12, 2022.
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. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . 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 • Apr 08Action Electronics Co., Ltd. Announces CFO ChangesAction Electronics Co., Ltd. changes in the company's financial officer and spokesperson. Name, title, and resume of the previous position holder: spokesperson: C.C. Wang Vo General Manager and Chief Financial Officer: C.C.Wang Vo General Manager. Name, title, and resume of the new position holder: spokesperson Peng Ting Yu Chairman Chief Financial Officer Vincent Wang Assistant Manager (Temporary). Effective April 6, 2022.
Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$0.035 (down from NT$0.14 in FY 2020). Revenue: NT$1.54b (up 20% from FY 2020). Net income: NT$9.78m (down 75% from FY 2020). Profit margin: 0.6% (down from 3.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 506%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 31Action Electronics Co., Ltd., Annual General Meeting, Jun 24, 2022Action Electronics Co., Ltd., Annual General Meeting, Jun 24, 2022. Location: No.198, Zhongyuan Rd,Zhongli Dist Taoyuan City Taiwan Agenda: To consider 2021 Business report; to Audit Committee's report for 2021 audited financial reports; to 2021 distributable compensation for employees and directors; to Total endorsements/guarantees provided by the Company; to 2021 Companys business reports and financial statements; to Adoption of the proposal for distribution of 2021 profits; and to Amendment to the Company's Procedure for Acquisition and Disposal of Assets.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.17 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$426.4m (up 12% from 3Q 2020). Net income: NT$21.4m (down 54% from 3Q 2020). Profit margin: 5.0% (down from 12% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 17Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 16 September 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.0%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.086 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$347.2m (down 4.9% from 2Q 2020). Net loss: NT$29.2m (down 223% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$13.15, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 12x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 92% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.031 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$395.9m (up 46% from 1Q 2020). Net income: NT$17.8m (up 110% from 1Q 2020). Profit margin: 4.5% (up from 3.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
分析記事 • Mar 25Action Electronics (TPE:3024) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Mar 08Can Action Electronics (TPE:3024) Continue To Grow Its Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Feb 17Action Electronics (TPE:3024) Has Gifted Shareholders With A Fantastic 212% Total Return On Their InvestmentIt hasn't been the best quarter for Action Electronics Co., Ltd. ( TPE:3024 ) shareholders, since the share price has...
分析記事 • Feb 02Should Action Electronics Co., Ltd. (TPE:3024) Be Part Of Your Dividend Portfolio?Is Action Electronics Co., Ltd. ( TPE:3024 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Jan 18Are Action Electronics's (TPE:3024) Statutory Earnings A Good Guide To Its Underlying Profitability?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Jan 06New 90-day low: NT$11.05The company is down 6.0% from its price of NT$11.75 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period.
分析記事 • Jan 03Action Electronics Co., Ltd.'s (TPE:3024) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?It is hard to get excited after looking at Action Electronics' (TPE:3024) recent performance, when its stock has...
分析記事 • Dec 18Is Action Electronics (TPE:3024) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Dec 03Does Action Electronics (TPE:3024) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
分析記事 • Nov 18Action Electronics (TPE:3024) Has Gifted Shareholders With A Fantastic 217% Total Return On Their InvestmentWhen you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$0.17The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$380.8m (up 3.2% from 3Q 2019). Net income: NT$46.2m (up 51% from 3Q 2019). Profit margin: 12% (up from 8.3% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.