View ValuationFuSheng Precision 将来の成長Future 基準チェック /26FuSheng Precisionは、21%と8.2%でそれぞれ年率21%で利益と収益が成長すると予測される一方、EPSはgrowで21%年率。主要情報21.0%収益成長率20.99%EPS成長率Leisure 収益成長42.2%収益成長率8.2%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日08 Jun 2026今後の成長に関する最新情報Price Target Changed • Aug 22Price target decreased by 14% to NT$320Down from NT$372, the current price target is an average from 2 analysts. New target price is 22% above last closing price of NT$262. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of NT$22.86 for next year compared to NT$28.17 last year.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$30.1b to NT$29.8b. EPS estimate also fell from NT$26.68 per share to NT$22.86 per share. Net income forecast to shrink 8.2% next year vs 3.1% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$372 to NT$320. Share price fell 3.1% to NT$262 over the past week.Price Target Changed • Apr 27Price target increased by 9.1% to NT$271Up from NT$248, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$265. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$27.35 for next year compared to NT$18.18 last year.Major Estimate Revision • Mar 20Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$26.3b to NT$27.8b. EPS estimate increased from NT$20.92 to NT$24.53 per share. Net income forecast to grow 35% next year vs 35% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$236. Share price rose 2.6% to NT$236 over the past week.Major Estimate Revision • Aug 17Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.2b to NT$24.7b. EPS estimate also fell from NT$20.28 per share to NT$17.97 per share. Net income forecast to shrink 32% next year vs 13% growth forecast for Leisure industry in Taiwan . Consensus price target of NT$220 unchanged from last update. Share price was steady at NT$195 over the past week.Major Estimate Revision • Jul 11Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$28.8b to NT$24.4b. EPS estimate fell from NT$24.84 to NT$17.36 per share. Net income forecast to shrink 47% next year vs 20% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$210 unchanged from last update. Share price fell 2.2% to NT$224 over the past week.すべての更新を表示Recent updatesDeclared Dividend • May 30Dividend reduced to NT$16.00Dividend of NT$16.00 is 19% lower than last year. Ex-date: 24th June 2026 Payment date: 17th July 2026 Dividend yield will be 6.1%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 12First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$6.96 (down from NT$8.83 in 1Q 2025). Revenue: NT$8.47b (flat on 1Q 2025). Net income: NT$970.4m (down 20% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Mar 13Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$22.45 (down from NT$28.17 in FY 2024). Revenue: NT$29.8b (up 5.0% from FY 2024). Net income: NT$3.12b (down 18% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Mar 11FuSheng Precision Co., Ltd., Annual General Meeting, May 27, 2026FuSheng Precision Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city TaiwanReported Earnings • Nov 18Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$3.49 (down from NT$6.09 in 3Q 2024). Revenue: NT$5.89b (down 16% from 3Q 2024). Net income: NT$485.8m (down 41% from 3Q 2024). Profit margin: 8.2% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$245. The fair value is estimated to be NT$312, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to decline by 2.6% in a year. Earnings are forecast to decline by 8.2% in the next year.Price Target Changed • Aug 22Price target decreased by 14% to NT$320Down from NT$372, the current price target is an average from 2 analysts. New target price is 22% above last closing price of NT$262. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of NT$22.86 for next year compared to NT$28.17 last year.Major Estimate Revision • Aug 22Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$30.1b to NT$29.8b. EPS estimate also fell from NT$26.68 per share to NT$22.86 per share. Net income forecast to shrink 8.2% next year vs 3.1% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$372 to NT$320. Share price fell 3.1% to NT$262 over the past week.New Risk • Aug 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$2.27 (down from NT$5.57 in 2Q 2024). Revenue: NT$6.57b (up 7.0% from 2Q 2024). Net income: NT$316.2m (down 57% from 2Q 2024). Profit margin: 4.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Declared Dividend • Jun 22Dividend of NT$19.65 announcedShareholders will receive a dividend of NT$19.65. Ex-date: 7th July 2025 Payment date: 31st July 2025 Dividend yield will be 6.7%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 2.0% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 20FuSheng Precision Co., Ltd. Announces Adjustment to the Cash Dividend, Payable on July 31, 2025FuSheng Precision Co., Ltd. announced on common stock cash dividend. The adjusted type and monetary amount of Cash dividend from earnings is TWD 2,738,837,199 or TWD 19.64916189 for each common share. The original type and monetary amount of Cash dividend from earnings was TWD 2,738,837,199 or TWD 19.7 for each common share. The ex-dividend date is July 7, 2025; the record date is July 13, 2025; and the payment date is July 31, 2025.New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • May 01FuSheng Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025FuSheng Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$291, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 73% over the past three years.お知らせ • Apr 01FuSheng Precision Co., Ltd. (TWSE:6670) completed the acquisition of 51% stake in Proxene Tools Co., Ltd. (TPEX:6904).FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion on March 11, 2025. A cash consideration of TWD 1.48 billion valued at TWD 157 per share will be paid by FuSheng Precision Co., Ltd. As part of consideration, TWD 1.48 billion is paid towards common equity of Proxene Tools Co., Ltd. The transaction is subject to approval of offer by acquirer board and minimum tender. The deal has been approved by the board. As of March 14, 2025, all conditions of the tender offer of common shares of Proxene Tools Co., Ltd. have been satisfied, and the minimum quantity has been reached. FuSheng Precision Co., Ltd. (TWSE:6670) completed the acquisition of 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) on March 31, 2025.お知らせ • Mar 13FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion.FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion on March 11, 2025. A cash consideration of TWD 1.48 billion valued at TWD 157 per share will be paid by FuSheng Precision Co., Ltd. As part of consideration, TWD 1.48 billion is paid towards common equity of Proxene Tools Co., Ltd. The transaction is subject to approval of offer by acquirer board and minimum tender. The deal has been approved by the board.お知らせ • Mar 12+ 1 more updateFuSheng Precision Co., Ltd., Annual General Meeting, Jun 19, 2025FuSheng Precision Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan分析記事 • Mar 08Are Investors Undervaluing FuSheng Precision Co., Ltd. (TWSE:6670) By 40%?Key Insights Using the 2 Stage Free Cash Flow to Equity, FuSheng Precision fair value estimate is NT$536 FuSheng...お知らせ • Feb 15FuSheng Precision Co., Ltd. Announces Retirement of Tsai, Hsienyi as Chief Information Security Officer, Effective February 15, 2025FuSheng Precision Co., Ltd. announced change of chief information security officer. Name, title, and resume of the previous position holder: Tsai, Hsienyi/Senior Manager of Information & System Center. Type of the change: Retirement. Effective date is February 15, 2025.New Risk • Jan 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.1% increase in shares outstanding).Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$6.09 (up from NT$3.55 in 3Q 2023). Revenue: NT$7.02b (up 34% from 3Q 2023). Net income: NT$827.1m (up 76% from 3Q 2023). Profit margin: 12% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Nov 05FuSheng Precision Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024FuSheng Precision Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024分析記事 • Sep 06Be Wary Of FuSheng Precision (TWSE:6670) And Its Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Aug 06FuSheng Precision Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024FuSheng Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024分析記事 • Aug 06Is FuSheng Precision (TWSE:6670) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Buy Or Sell Opportunity • Aug 05Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to NT$260. The fair value is estimated to be NT$346, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 30% in the next year.Upcoming Dividend • Jul 09Upcoming dividend of NT$12.31 per shareEligible shareholders must have bought the stock before 16 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 63% and the cash payout ratio is 76%. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).分析記事 • Jun 20FuSheng Precision (TWSE:6670) Is Paying Out Less In Dividends Than Last YearFuSheng Precision Co., Ltd. ( TWSE:6670 ) has announced that on 2nd of August, it will be paying a dividend ofNT$12.50...Declared Dividend • Jun 20Dividend reduced to NT$12.50Dividend of NT$12.50 is 43% lower than last year. Ex-date: 16th July 2024 Payment date: 2nd August 2024 Dividend yield will be 4.3%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Jun 19FuSheng Precision Co., Ltd. Announces Cash Dividend, Payable on August 2, 2024FuSheng Precision Co., Ltd. announced cash dividend from earnings of TWD 1,659,703,138 (TWD 12.5 for each common share). Ex-rights (ex-dividend) trading date: July 16, 2024. Ex-rights (ex-dividend) record date: July 22, 2024. Payment date of common stock cash dividend distribution: August 2, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 18, 2024.Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$7.01 (vs NT$5.42 in 1Q 2023)First quarter 2024 results: EPS: NT$7.01 (up from NT$5.42 in 1Q 2023). Revenue: NT$6.37b (down 10% from 1Q 2023). Net income: NT$930.2m (up 31% from 1Q 2023). Profit margin: 15% (up from 10.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.お知らせ • May 01FuSheng Precision Co., Ltd. to Report Q1, 2024 Results on May 07, 2024FuSheng Precision Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024Price Target Changed • Apr 27Price target increased by 9.1% to NT$271Up from NT$248, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$265. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$27.35 for next year compared to NT$18.18 last year.分析記事 • Apr 24These 4 Measures Indicate That FuSheng Precision (TWSE:6670) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Apr 07FuSheng Precision Co., Ltd. (TWSE:6670) Doing What It Can To Lift SharesWith a price-to-earnings (or "P/E") ratio of 13.7x FuSheng Precision Co., Ltd. ( TWSE:6670 ) may be sending bullish...分析記事 • Mar 20FuSheng Precision's (TWSE:6670) Soft Earnings Are Actually Better Than They AppearShareholders appeared unconcerned with FuSheng Precision Co., Ltd.'s ( TWSE:6670 ) lackluster earnings report last...Major Estimate Revision • Mar 20Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$26.3b to NT$27.8b. EPS estimate increased from NT$20.92 to NT$24.53 per share. Net income forecast to grow 35% next year vs 35% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$236. Share price rose 2.6% to NT$236 over the past week.お知らせ • Mar 14FuSheng Precision Co., Ltd., Annual General Meeting, Jun 18, 2024FuSheng Precision Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: NO.398,Taoying Rd., Taoyuan Dist., Taoyuan City (Chuto Hotel, RuYi Meeting Room) Taoyuan City Taiwan Agenda: To discuss The Company's 2023 Business Report; to discuss Audit Committee Review Report in 2023; to discuss Distribution of employees' and directors' compensation in 2023; to discuss Endorsement/Guarantee provided to others for the year ended December 31, 2023; to discuss Compensation paid to directors and independent directors in 2023; and to discuss other matters.Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$18.18 (down from NT$36.64 in FY 2022). Revenue: NT$24.4b (down 28% from FY 2022). Net income: NT$2.40b (down 50% from FY 2022). Profit margin: 9.9% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Dec 23Fusheng Precision Co., Ltd. Announces the Appointment of Tsai, Hsienyi as Chief Information Security OfficerFuSheng Precision Co., Ltd. announced the appointment of Tsai, Hsienyi, Senior Manager of Information & System Center as Chief Information Security Officer. Reason for the change: New replacement. Effective date: December 22, 2023.New Risk • Nov 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (103% payout ratio).お知らせ • Nov 02FuSheng Precision Co., Ltd. Announces Change of Corporate Governance OfficerFuSheng Precision Co., Ltd. announced the change of Corporate Governance Officer. Name, title, and resume of the previous position holder: CHEN, PIN-YEN/special assistant of finance center. Name, title, and resume of the new position holder: CHEN, CHIA-CHING/manager of finance center. Reason for the change: personal career plan. Effective date: November 1, 2023. The position is temporarily performed by CHEN, CHIA-CHING, and it will be reported to the latest board of directors for ratification.Major Estimate Revision • Aug 17Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.2b to NT$24.7b. EPS estimate also fell from NT$20.28 per share to NT$17.97 per share. Net income forecast to shrink 32% next year vs 13% growth forecast for Leisure industry in Taiwan . Consensus price target of NT$220 unchanged from last update. Share price was steady at NT$195 over the past week.Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$3.94 (down from NT$10.29 in 2Q 2022). Revenue: NT$5.06b (down 40% from 2Q 2022). Net income: NT$522.9m (down 61% from 2Q 2022). Profit margin: 10% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is expected to decline by 7.7% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 3.8%. 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 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 14Upcoming dividend of NT$22.00 per share at 10.0% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 10.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).Major Estimate Revision • Jul 11Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$28.8b to NT$24.4b. EPS estimate fell from NT$24.84 to NT$17.36 per share. Net income forecast to shrink 47% next year vs 20% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$210 unchanged from last update. Share price fell 2.2% to NT$224 over the past week.お知らせ • Jun 22+ 1 more updateFusheng Precision Co., Ltd. Announces Remuneration Committee ChangesFuSheng Precision Co., Ltd. announced appointment of Wei-Chi Liu, Chi-Tzu Kao and Chih-Kang Chen to the Remuneration Committee, Resume of the new position holder: Wei-Chi Liu/Principal of Chung Hua University Chi-Tzu Kao/President of Taiwan ITRI New Venture Association Chih-Kang Chen/General Manager of WUS Printed Circuit Co., Ltd. Original term: 2020/6/23-2023/6/22. Effective date of the new member of June 21, 2023.Price Target Changed • Mar 30Price target decreased by 12% to NT$210Down from NT$240, the current price target is an average from 2 analysts. New target price is 8.7% below last closing price of NT$230. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$22.63 for next year compared to NT$36.64 last year.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$36.64 (vs NT$18.03 in FY 2021)Full year 2022 results: EPS: NT$36.64 (up from NT$18.03 in FY 2021). Revenue: NT$33.7b (up 45% from FY 2021). Net income: NT$4.80b (up 103% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 14Now 21% undervaluedOver the last 90 days, the stock is up 3.8%. The fair value is estimated to be NT$291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 32% in the next 2 years.Major Estimate Revision • Nov 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$31.9b to NT$31.4b. EPS estimate rose from NT$31.24 to NT$36.30. Net income forecast to shrink 20% next year vs 16% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$229 unchanged from last update. Share price was steady at NT$206 over the past week.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$10.34 (up from NT$3.34 in 3Q 2021). Revenue: NT$8.04b (up 57% from 3Q 2021). Net income: NT$1.35b (up 210% from 3Q 2021). Profit margin: 17% (up from 8.6% in 3Q 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 13%. Revenue is expected to decline by 9.5% p.a. on average during the next 3 years, while revenues in the Leisure industry in Taiwan are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Oct 21Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$30.7b to NT$31.9b. EPS estimate increased from NT$27.12 to NT$31.24 per share. Net income forecast to grow 5.3% next year vs 1.3% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$230 unchanged from last update. Share price was steady at NT$180 over the past week.Reported Earnings • Aug 10Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$10.29 (up from NT$4.35 in 2Q 2021). Revenue: NT$8.37b (up 39% from 2Q 2021). Net income: NT$1.35b (up 136% from 2Q 2021). Profit margin: 16% (up from 9.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 6.6%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 13Upcoming dividend of NT$12.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.9%). Higher than average of industry peers (4.5%).Major Estimate Revision • Jul 02Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$30.9b to NT$31.5b. EPS estimate increased from NT$26.54 to NT$29.50 per share. Net income forecast to grow 41% next year vs 22% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$240 unchanged from last update. Share price fell 5.3% to NT$187 over the past week.お知らせ • Jun 23Fusheng Precision Co., Ltd. Announces Cash Dividend, Payable on August 16, 2022FuSheng Precision Co., Ltd. announced cash dividend from earnings of TWD 1,572,360,000 (TWD 12 for each common share). Ex-rights (ex-dividend) trading date is July 20, 2022. Ex-rights (ex-dividend) record date is July 26, 2022. Cash Dividend Payment Date is August 16, 2022.Reported Earnings • May 14First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$7.59 (up from NT$5.84 in 1Q 2021). Revenue: NT$8.09b (up 39% from 1Q 2021). Net income: NT$994.2m (up 30% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 16%, compared to a 13% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. 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 07FuSheng Precision Co., Ltd., Annual General Meeting, Jun 21, 2022FuSheng Precision Co., Ltd., Annual General Meeting, Jun 21, 2022.お知らせ • Dec 24FuSheng Precision Co., Ltd. announced that it expects to receive TWD 15 billion in fundingFuSheng Precision Co., Ltd. announced a private placement of zero coupon unsecured convertible corporate bonds for maximum gross proceeds of TWD 1,500,000,000 on December 22, 2021. The corporate bonds will have the maturity of three years. The corporate bonds will have a face value of TWD 100,000 and will be issued at 101% to 103% of par value. The corporate bonds are convertible into common shares of the company. The transaction has been approved by the board of directors of the company.Price Target Changed • Dec 23Price target decreased to NT$234Down from NT$254, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$194. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$18.41 for next year compared to NT$8.62 last year.Board Change • Dec 17Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. 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 • Aug 13Second quarter 2021 earnings released: EPS NT$4.35 (vs NT$0.61 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$6.00b (up 134% from 2Q 2020). Net income: NT$570.3m (up NT$490.8m from 2Q 2020). Profit margin: 9.5% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 05Upcoming dividend of NT$6.60 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.6%).Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$5.84 (vs NT$3.28 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.80b (up 60% from 1Q 2020). Net income: NT$764.7m (up 78% from 1Q 2020). Profit margin: 13% (up from 12% 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 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Major Estimate Revision • Apr 15Consensus EPS estimates increase to NT$26.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$22.8b to NT$25.0b. EPS estimate increased from NT$21.87 to NT$26.18 per share. Net income forecast to grow 204% next year vs 65% growth forecast for Leisure industry in Taiwan. Consensus price target up from NT$263 to NT$275. Share price fell 12% to NT$222 over the past week.分析記事 • Apr 03Why FuSheng Precision's (TPE:6670) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from FuSheng Precision Co., Ltd. ( TPE:6670 ) last week didn't sink the stock price...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$8.62 (vs NT$16.61 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.2b (down 17% from FY 2019). Net income: NT$1.13b (down 48% from FY 2019). Profit margin: 7.9% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.分析記事 • Mar 09Brokers Are Upgrading Their Views On FuSheng Precision Co., Ltd. (TPE:6670) With These New ForecastsCelebrations may be in order for FuSheng Precision Co., Ltd. ( TPE:6670 ) shareholders, with the analysts delivering a...Major Estimate Revision • Mar 09Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from NT$10.31 to NT$9.10. Revenue estimate was approximately flat at NT$14.2b. Net income is expected to grow by 56% next year compared to 27% growth forecast for the Leisure industry in Taiwan. The consensus price target increased from NT$207 to NT$263. Share price is up 17% to NT$234 over the past week.Price Target Changed • Mar 08Price target raised to NT$242Up from NT$215, the current price target is an average from 2 analysts. The new target price is close to the current share price of NT$235. As of last close, the stock is up 31% over the past year.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$235, the stock is trading at a trailing P/E ratio of 22.4x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 22x in the Leisure industry in Taiwan. Total returns to shareholders over the past three years are 82%.Is New 90 Day High Low • Feb 26New 90-day high: NT$202The company is up 16% from its price of NT$174 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$243 per share.分析記事 • Feb 24Estimating The Fair Value Of FuSheng Precision Co., Ltd. (TPE:6670)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of FuSheng Precision Co...Is New 90 Day High Low • Feb 05New 90-day high: NT$191The company is up 4.0% from its price of NT$184 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$243 per share.分析記事 • Feb 03We Think FuSheng Precision (TPE:6670) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jan 20Returns On Capital At FuSheng Precision (TPE:6670) Paint An Interesting PictureTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Is New 90 Day High Low • Jan 12New 90-day low: NT$167The company is down 1.0% from its price of NT$169 on 14 October 2020. The Taiwanese market is up 19% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$247 per share.分析記事 • Dec 31Is FuSheng Precision Co., Ltd.'s (TPE:6670) 4.6% Dividend Worth Your Time?Dividend paying stocks like FuSheng Precision Co., Ltd. ( TPE:6670 ) tend to be popular with investors, and for good...分析記事 • Dec 16Shareholders Of FuSheng Precision (TPE:6670) Must Be Happy With Their 45% ReturnInvestors can buy low cost index fund if they want to receive the average market return. But in any diversified...分析記事 • Dec 01FuSheng Precision Co., Ltd.'s (TPE:6670) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?With its stock down 3.9% over the past month, it is easy to disregard FuSheng Precision (TPE:6670). But if you pay...Price Target Changed • Nov 26Price target raised to NT$215Up from NT$195, the current price target is an average from 2 analysts. The new target price is 23% above the current share price of NT$175. As of last close, the stock is down 2.2% over the past year.Analyst Estimate Surprise Post Earnings • Nov 15Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 17%, compared to a 10% growth forecast for the Leisure industry in Taiwan.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.01The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.09b (down 28% from 3Q 2019). Net income: NT$132.8m (down 79% from 3Q 2019). Profit margin: 4.3% (down from 15% in 3Q 2019). The decrease in margin was driven by lower revenue.業績と収益の成長予測TWSE:6670 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202734,2134,006N/A6,421112/31/202633,0553,82510,6645,80423/31/202629,7792,8723,8803,536N/A12/31/202529,7903,1212,5213,654N/A9/30/202529,7793,3154,5755,492N/A6/30/202530,9093,6574,5945,675N/A3/31/202530,4804,0853,5714,713N/A12/31/202428,3703,7963,6244,790N/A9/30/202426,5493,2022,6243,630N/A6/30/202424,7502,8452,7343,667N/A3/31/202423,6642,6243,8584,903N/A12/31/202324,3812,4043,9534,965N/A9/30/202326,5862,8084,5095,925N/A6/30/202329,4053,6935,2886,839N/A3/31/202332,7144,5184,8586,430N/A12/31/202233,7164,8013,5245,197N/A9/30/202230,8024,2872,3473,636N/A6/30/202227,8673,3701,6873,001N/A3/31/202225,5032,5922861,489N/A12/31/202123,2152,3637911,879N/A9/30/202121,8682,260301,116N/A6/30/202119,8461,955-694206N/A3/31/202116,4041,464-188592N/A12/31/202014,2301,130-244422N/A9/30/202014,3551,3731,3062,024N/A6/30/202015,5591,8681,5482,175N/A3/31/202016,6152,1701,2261,858N/A12/31/201917,2012,176N/A2,041N/A9/30/201916,5992,015N/A1,510N/A6/30/201915,8151,837N/A2,163N/A3/31/201915,8932,075N/A2,900N/A12/31/201816,0082,006N/A2,087N/A9/30/201816,1371,954N/A2,467N/A6/30/201816,1051,787N/A1,900N/A3/31/201815,6931,466N/A1,055N/A12/31/201714,4491,383N/A1,569N/A9/30/201713,1331,266N/A1,404N/A6/30/201712,9511,384N/A1,386N/A3/31/201713,1391,478N/A1,884N/A12/31/201613,5271,587N/A2,054N/A12/31/201517,0021,718N/A2,617N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6670の予測収益成長率 (年間21% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 6670の収益 ( 21% ) TW市場 ( 25.8% ) よりも低い成長が予測されています。高成長収益: 6670の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 6670の収益 ( 8.2% ) TW市場 ( 18.6% ) よりも低い成長が予測されています。高い収益成長: 6670の収益 ( 8.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6670の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/08 05:57終値2026/06/08 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FuSheng Precision Co., Ltd. 3 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。5 アナリスト機関Jihong LaiCapital Securities CorporationChenghsin LinJ.P. MorganTseen LiuKGI Securities Co. Ltd.2 その他のアナリストを表示
Price Target Changed • Aug 22Price target decreased by 14% to NT$320Down from NT$372, the current price target is an average from 2 analysts. New target price is 22% above last closing price of NT$262. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of NT$22.86 for next year compared to NT$28.17 last year.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$30.1b to NT$29.8b. EPS estimate also fell from NT$26.68 per share to NT$22.86 per share. Net income forecast to shrink 8.2% next year vs 3.1% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$372 to NT$320. Share price fell 3.1% to NT$262 over the past week.
Price Target Changed • Apr 27Price target increased by 9.1% to NT$271Up from NT$248, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$265. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$27.35 for next year compared to NT$18.18 last year.
Major Estimate Revision • Mar 20Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$26.3b to NT$27.8b. EPS estimate increased from NT$20.92 to NT$24.53 per share. Net income forecast to grow 35% next year vs 35% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$236. Share price rose 2.6% to NT$236 over the past week.
Major Estimate Revision • Aug 17Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.2b to NT$24.7b. EPS estimate also fell from NT$20.28 per share to NT$17.97 per share. Net income forecast to shrink 32% next year vs 13% growth forecast for Leisure industry in Taiwan . Consensus price target of NT$220 unchanged from last update. Share price was steady at NT$195 over the past week.
Major Estimate Revision • Jul 11Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$28.8b to NT$24.4b. EPS estimate fell from NT$24.84 to NT$17.36 per share. Net income forecast to shrink 47% next year vs 20% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$210 unchanged from last update. Share price fell 2.2% to NT$224 over the past week.
Declared Dividend • May 30Dividend reduced to NT$16.00Dividend of NT$16.00 is 19% lower than last year. Ex-date: 24th June 2026 Payment date: 17th July 2026 Dividend yield will be 6.1%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 12First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$6.96 (down from NT$8.83 in 1Q 2025). Revenue: NT$8.47b (flat on 1Q 2025). Net income: NT$970.4m (down 20% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 13Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$22.45 (down from NT$28.17 in FY 2024). Revenue: NT$29.8b (up 5.0% from FY 2024). Net income: NT$3.12b (down 18% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Mar 11FuSheng Precision Co., Ltd., Annual General Meeting, May 27, 2026FuSheng Precision Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
Reported Earnings • Nov 18Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: NT$3.49 (down from NT$6.09 in 3Q 2024). Revenue: NT$5.89b (down 16% from 3Q 2024). Net income: NT$485.8m (down 41% from 3Q 2024). Profit margin: 8.2% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$245. The fair value is estimated to be NT$312, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to decline by 2.6% in a year. Earnings are forecast to decline by 8.2% in the next year.
Price Target Changed • Aug 22Price target decreased by 14% to NT$320Down from NT$372, the current price target is an average from 2 analysts. New target price is 22% above last closing price of NT$262. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of NT$22.86 for next year compared to NT$28.17 last year.
Major Estimate Revision • Aug 22Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$30.1b to NT$29.8b. EPS estimate also fell from NT$26.68 per share to NT$22.86 per share. Net income forecast to shrink 8.2% next year vs 3.1% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$372 to NT$320. Share price fell 3.1% to NT$262 over the past week.
New Risk • Aug 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$2.27 (down from NT$5.57 in 2Q 2024). Revenue: NT$6.57b (up 7.0% from 2Q 2024). Net income: NT$316.2m (down 57% from 2Q 2024). Profit margin: 4.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Declared Dividend • Jun 22Dividend of NT$19.65 announcedShareholders will receive a dividend of NT$19.65. Ex-date: 7th July 2025 Payment date: 31st July 2025 Dividend yield will be 6.7%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 2.0% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 20FuSheng Precision Co., Ltd. Announces Adjustment to the Cash Dividend, Payable on July 31, 2025FuSheng Precision Co., Ltd. announced on common stock cash dividend. The adjusted type and monetary amount of Cash dividend from earnings is TWD 2,738,837,199 or TWD 19.64916189 for each common share. The original type and monetary amount of Cash dividend from earnings was TWD 2,738,837,199 or TWD 19.7 for each common share. The ex-dividend date is July 7, 2025; the record date is July 13, 2025; and the payment date is July 31, 2025.
New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • May 01FuSheng Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025FuSheng Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$291, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 73% over the past three years.
お知らせ • Apr 01FuSheng Precision Co., Ltd. (TWSE:6670) completed the acquisition of 51% stake in Proxene Tools Co., Ltd. (TPEX:6904).FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion on March 11, 2025. A cash consideration of TWD 1.48 billion valued at TWD 157 per share will be paid by FuSheng Precision Co., Ltd. As part of consideration, TWD 1.48 billion is paid towards common equity of Proxene Tools Co., Ltd. The transaction is subject to approval of offer by acquirer board and minimum tender. The deal has been approved by the board. As of March 14, 2025, all conditions of the tender offer of common shares of Proxene Tools Co., Ltd. have been satisfied, and the minimum quantity has been reached. FuSheng Precision Co., Ltd. (TWSE:6670) completed the acquisition of 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) on March 31, 2025.
お知らせ • Mar 13FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion.FuSheng Precision Co., Ltd. (TWSE:6670) proposed to acquire 51% stake in Proxene Tools Co., Ltd. (TPEX:6904) for TWD 1.5 billion on March 11, 2025. A cash consideration of TWD 1.48 billion valued at TWD 157 per share will be paid by FuSheng Precision Co., Ltd. As part of consideration, TWD 1.48 billion is paid towards common equity of Proxene Tools Co., Ltd. The transaction is subject to approval of offer by acquirer board and minimum tender. The deal has been approved by the board.
お知らせ • Mar 12+ 1 more updateFuSheng Precision Co., Ltd., Annual General Meeting, Jun 19, 2025FuSheng Precision Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
分析記事 • Mar 08Are Investors Undervaluing FuSheng Precision Co., Ltd. (TWSE:6670) By 40%?Key Insights Using the 2 Stage Free Cash Flow to Equity, FuSheng Precision fair value estimate is NT$536 FuSheng...
お知らせ • Feb 15FuSheng Precision Co., Ltd. Announces Retirement of Tsai, Hsienyi as Chief Information Security Officer, Effective February 15, 2025FuSheng Precision Co., Ltd. announced change of chief information security officer. Name, title, and resume of the previous position holder: Tsai, Hsienyi/Senior Manager of Information & System Center. Type of the change: Retirement. Effective date is February 15, 2025.
New Risk • Jan 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$6.09 (up from NT$3.55 in 3Q 2023). Revenue: NT$7.02b (up 34% from 3Q 2023). Net income: NT$827.1m (up 76% from 3Q 2023). Profit margin: 12% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Nov 05FuSheng Precision Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024FuSheng Precision Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
分析記事 • Sep 06Be Wary Of FuSheng Precision (TWSE:6670) And Its Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Aug 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Aug 06FuSheng Precision Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024FuSheng Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024
分析記事 • Aug 06Is FuSheng Precision (TWSE:6670) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Buy Or Sell Opportunity • Aug 05Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to NT$260. The fair value is estimated to be NT$346, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 30% in the next year.
Upcoming Dividend • Jul 09Upcoming dividend of NT$12.31 per shareEligible shareholders must have bought the stock before 16 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 63% and the cash payout ratio is 76%. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).
分析記事 • Jun 20FuSheng Precision (TWSE:6670) Is Paying Out Less In Dividends Than Last YearFuSheng Precision Co., Ltd. ( TWSE:6670 ) has announced that on 2nd of August, it will be paying a dividend ofNT$12.50...
Declared Dividend • Jun 20Dividend reduced to NT$12.50Dividend of NT$12.50 is 43% lower than last year. Ex-date: 16th July 2024 Payment date: 2nd August 2024 Dividend yield will be 4.3%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Jun 19FuSheng Precision Co., Ltd. Announces Cash Dividend, Payable on August 2, 2024FuSheng Precision Co., Ltd. announced cash dividend from earnings of TWD 1,659,703,138 (TWD 12.5 for each common share). Ex-rights (ex-dividend) trading date: July 16, 2024. Ex-rights (ex-dividend) record date: July 22, 2024. Payment date of common stock cash dividend distribution: August 2, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 18, 2024.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$7.01 (vs NT$5.42 in 1Q 2023)First quarter 2024 results: EPS: NT$7.01 (up from NT$5.42 in 1Q 2023). Revenue: NT$6.37b (down 10% from 1Q 2023). Net income: NT$930.2m (up 31% from 1Q 2023). Profit margin: 15% (up from 10.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year.
お知らせ • May 01FuSheng Precision Co., Ltd. to Report Q1, 2024 Results on May 07, 2024FuSheng Precision Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024
Price Target Changed • Apr 27Price target increased by 9.1% to NT$271Up from NT$248, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$265. Stock is up 23% over the past year. The company is forecast to post earnings per share of NT$27.35 for next year compared to NT$18.18 last year.
分析記事 • Apr 24These 4 Measures Indicate That FuSheng Precision (TWSE:6670) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Apr 07FuSheng Precision Co., Ltd. (TWSE:6670) Doing What It Can To Lift SharesWith a price-to-earnings (or "P/E") ratio of 13.7x FuSheng Precision Co., Ltd. ( TWSE:6670 ) may be sending bullish...
分析記事 • Mar 20FuSheng Precision's (TWSE:6670) Soft Earnings Are Actually Better Than They AppearShareholders appeared unconcerned with FuSheng Precision Co., Ltd.'s ( TWSE:6670 ) lackluster earnings report last...
Major Estimate Revision • Mar 20Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$26.3b to NT$27.8b. EPS estimate increased from NT$20.92 to NT$24.53 per share. Net income forecast to grow 35% next year vs 35% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$236. Share price rose 2.6% to NT$236 over the past week.
お知らせ • Mar 14FuSheng Precision Co., Ltd., Annual General Meeting, Jun 18, 2024FuSheng Precision Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: NO.398,Taoying Rd., Taoyuan Dist., Taoyuan City (Chuto Hotel, RuYi Meeting Room) Taoyuan City Taiwan Agenda: To discuss The Company's 2023 Business Report; to discuss Audit Committee Review Report in 2023; to discuss Distribution of employees' and directors' compensation in 2023; to discuss Endorsement/Guarantee provided to others for the year ended December 31, 2023; to discuss Compensation paid to directors and independent directors in 2023; and to discuss other matters.
Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$18.18 (down from NT$36.64 in FY 2022). Revenue: NT$24.4b (down 28% from FY 2022). Net income: NT$2.40b (down 50% from FY 2022). Profit margin: 9.9% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Dec 23Fusheng Precision Co., Ltd. Announces the Appointment of Tsai, Hsienyi as Chief Information Security OfficerFuSheng Precision Co., Ltd. announced the appointment of Tsai, Hsienyi, Senior Manager of Information & System Center as Chief Information Security Officer. Reason for the change: New replacement. Effective date: December 22, 2023.
New Risk • Nov 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (103% payout ratio).
お知らせ • Nov 02FuSheng Precision Co., Ltd. Announces Change of Corporate Governance OfficerFuSheng Precision Co., Ltd. announced the change of Corporate Governance Officer. Name, title, and resume of the previous position holder: CHEN, PIN-YEN/special assistant of finance center. Name, title, and resume of the new position holder: CHEN, CHIA-CHING/manager of finance center. Reason for the change: personal career plan. Effective date: November 1, 2023. The position is temporarily performed by CHEN, CHIA-CHING, and it will be reported to the latest board of directors for ratification.
Major Estimate Revision • Aug 17Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$26.2b to NT$24.7b. EPS estimate also fell from NT$20.28 per share to NT$17.97 per share. Net income forecast to shrink 32% next year vs 13% growth forecast for Leisure industry in Taiwan . Consensus price target of NT$220 unchanged from last update. Share price was steady at NT$195 over the past week.
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$3.94 (down from NT$10.29 in 2Q 2022). Revenue: NT$5.06b (down 40% from 2Q 2022). Net income: NT$522.9m (down 61% from 2Q 2022). Profit margin: 10% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is expected to decline by 7.7% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 3.8%. 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 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 14Upcoming dividend of NT$22.00 per share at 10.0% yieldEligible shareholders must have bought the stock before 21 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 10.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
Major Estimate Revision • Jul 11Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$28.8b to NT$24.4b. EPS estimate fell from NT$24.84 to NT$17.36 per share. Net income forecast to shrink 47% next year vs 20% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$210 unchanged from last update. Share price fell 2.2% to NT$224 over the past week.
お知らせ • Jun 22+ 1 more updateFusheng Precision Co., Ltd. Announces Remuneration Committee ChangesFuSheng Precision Co., Ltd. announced appointment of Wei-Chi Liu, Chi-Tzu Kao and Chih-Kang Chen to the Remuneration Committee, Resume of the new position holder: Wei-Chi Liu/Principal of Chung Hua University Chi-Tzu Kao/President of Taiwan ITRI New Venture Association Chih-Kang Chen/General Manager of WUS Printed Circuit Co., Ltd. Original term: 2020/6/23-2023/6/22. Effective date of the new member of June 21, 2023.
Price Target Changed • Mar 30Price target decreased by 12% to NT$210Down from NT$240, the current price target is an average from 2 analysts. New target price is 8.7% below last closing price of NT$230. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$22.63 for next year compared to NT$36.64 last year.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$36.64 (vs NT$18.03 in FY 2021)Full year 2022 results: EPS: NT$36.64 (up from NT$18.03 in FY 2021). Revenue: NT$33.7b (up 45% from FY 2021). Net income: NT$4.80b (up 103% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Leisure industry in Taiwan are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 14Now 21% undervaluedOver the last 90 days, the stock is up 3.8%. The fair value is estimated to be NT$291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 32% in the next 2 years.
Major Estimate Revision • Nov 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$31.9b to NT$31.4b. EPS estimate rose from NT$31.24 to NT$36.30. Net income forecast to shrink 20% next year vs 16% decline forecast for Leisure industry in Taiwan. Consensus price target of NT$229 unchanged from last update. Share price was steady at NT$206 over the past week.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$10.34 (up from NT$3.34 in 3Q 2021). Revenue: NT$8.04b (up 57% from 3Q 2021). Net income: NT$1.35b (up 210% from 3Q 2021). Profit margin: 17% (up from 8.6% in 3Q 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 13%. Revenue is expected to decline by 9.5% p.a. on average during the next 3 years, while revenues in the Leisure industry in Taiwan are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Oct 21Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$30.7b to NT$31.9b. EPS estimate increased from NT$27.12 to NT$31.24 per share. Net income forecast to grow 5.3% next year vs 1.3% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$230 unchanged from last update. Share price was steady at NT$180 over the past week.
Reported Earnings • Aug 10Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$10.29 (up from NT$4.35 in 2Q 2021). Revenue: NT$8.37b (up 39% from 2Q 2021). Net income: NT$1.35b (up 136% from 2Q 2021). Profit margin: 16% (up from 9.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 6.6%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 13Upcoming dividend of NT$12.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.9%). Higher than average of industry peers (4.5%).
Major Estimate Revision • Jul 02Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$30.9b to NT$31.5b. EPS estimate increased from NT$26.54 to NT$29.50 per share. Net income forecast to grow 41% next year vs 22% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$240 unchanged from last update. Share price fell 5.3% to NT$187 over the past week.
お知らせ • Jun 23Fusheng Precision Co., Ltd. Announces Cash Dividend, Payable on August 16, 2022FuSheng Precision Co., Ltd. announced cash dividend from earnings of TWD 1,572,360,000 (TWD 12 for each common share). Ex-rights (ex-dividend) trading date is July 20, 2022. Ex-rights (ex-dividend) record date is July 26, 2022. Cash Dividend Payment Date is August 16, 2022.
Reported Earnings • May 14First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$7.59 (up from NT$5.84 in 1Q 2021). Revenue: NT$8.09b (up 39% from 1Q 2021). Net income: NT$994.2m (up 30% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 16%, compared to a 13% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. 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 07FuSheng Precision Co., Ltd., Annual General Meeting, Jun 21, 2022FuSheng Precision Co., Ltd., Annual General Meeting, Jun 21, 2022.
お知らせ • Dec 24FuSheng Precision Co., Ltd. announced that it expects to receive TWD 15 billion in fundingFuSheng Precision Co., Ltd. announced a private placement of zero coupon unsecured convertible corporate bonds for maximum gross proceeds of TWD 1,500,000,000 on December 22, 2021. The corporate bonds will have the maturity of three years. The corporate bonds will have a face value of TWD 100,000 and will be issued at 101% to 103% of par value. The corporate bonds are convertible into common shares of the company. The transaction has been approved by the board of directors of the company.
Price Target Changed • Dec 23Price target decreased to NT$234Down from NT$254, the current price target is an average from 2 analysts. New target price is 21% above last closing price of NT$194. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$18.41 for next year compared to NT$8.62 last year.
Board Change • Dec 17Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Victor Liu was the last independent director to join the board, commencing their role in 2018. 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 • Aug 13Second quarter 2021 earnings released: EPS NT$4.35 (vs NT$0.61 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$6.00b (up 134% from 2Q 2020). Net income: NT$570.3m (up NT$490.8m from 2Q 2020). Profit margin: 9.5% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 05Upcoming dividend of NT$6.60 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.6%).
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$5.84 (vs NT$3.28 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.80b (up 60% from 1Q 2020). Net income: NT$764.7m (up 78% from 1Q 2020). Profit margin: 13% (up from 12% 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 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Major Estimate Revision • Apr 15Consensus EPS estimates increase to NT$26.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$22.8b to NT$25.0b. EPS estimate increased from NT$21.87 to NT$26.18 per share. Net income forecast to grow 204% next year vs 65% growth forecast for Leisure industry in Taiwan. Consensus price target up from NT$263 to NT$275. Share price fell 12% to NT$222 over the past week.
分析記事 • Apr 03Why FuSheng Precision's (TPE:6670) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from FuSheng Precision Co., Ltd. ( TPE:6670 ) last week didn't sink the stock price...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$8.62 (vs NT$16.61 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.2b (down 17% from FY 2019). Net income: NT$1.13b (down 48% from FY 2019). Profit margin: 7.9% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
分析記事 • Mar 09Brokers Are Upgrading Their Views On FuSheng Precision Co., Ltd. (TPE:6670) With These New ForecastsCelebrations may be in order for FuSheng Precision Co., Ltd. ( TPE:6670 ) shareholders, with the analysts delivering a...
Major Estimate Revision • Mar 09Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from NT$10.31 to NT$9.10. Revenue estimate was approximately flat at NT$14.2b. Net income is expected to grow by 56% next year compared to 27% growth forecast for the Leisure industry in Taiwan. The consensus price target increased from NT$207 to NT$263. Share price is up 17% to NT$234 over the past week.
Price Target Changed • Mar 08Price target raised to NT$242Up from NT$215, the current price target is an average from 2 analysts. The new target price is close to the current share price of NT$235. As of last close, the stock is up 31% over the past year.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$235, the stock is trading at a trailing P/E ratio of 22.4x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 22x in the Leisure industry in Taiwan. Total returns to shareholders over the past three years are 82%.
Is New 90 Day High Low • Feb 26New 90-day high: NT$202The company is up 16% from its price of NT$174 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$243 per share.
分析記事 • Feb 24Estimating The Fair Value Of FuSheng Precision Co., Ltd. (TPE:6670)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of FuSheng Precision Co...
Is New 90 Day High Low • Feb 05New 90-day high: NT$191The company is up 4.0% from its price of NT$184 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$243 per share.
分析記事 • Feb 03We Think FuSheng Precision (TPE:6670) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Jan 20Returns On Capital At FuSheng Precision (TPE:6670) Paint An Interesting PictureTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Is New 90 Day High Low • Jan 12New 90-day low: NT$167The company is down 1.0% from its price of NT$169 on 14 October 2020. The Taiwanese market is up 19% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$247 per share.
分析記事 • Dec 31Is FuSheng Precision Co., Ltd.'s (TPE:6670) 4.6% Dividend Worth Your Time?Dividend paying stocks like FuSheng Precision Co., Ltd. ( TPE:6670 ) tend to be popular with investors, and for good...
分析記事 • Dec 16Shareholders Of FuSheng Precision (TPE:6670) Must Be Happy With Their 45% ReturnInvestors can buy low cost index fund if they want to receive the average market return. But in any diversified...
分析記事 • Dec 01FuSheng Precision Co., Ltd.'s (TPE:6670) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?With its stock down 3.9% over the past month, it is easy to disregard FuSheng Precision (TPE:6670). But if you pay...
Price Target Changed • Nov 26Price target raised to NT$215Up from NT$195, the current price target is an average from 2 analysts. The new target price is 23% above the current share price of NT$175. As of last close, the stock is down 2.2% over the past year.
Analyst Estimate Surprise Post Earnings • Nov 15Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 17%, compared to a 10% growth forecast for the Leisure industry in Taiwan.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.01The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.09b (down 28% from 3Q 2019). Net income: NT$132.8m (down 79% from 3Q 2019). Profit margin: 4.3% (down from 15% in 3Q 2019). The decrease in margin was driven by lower revenue.