View ValuationGiant Manufacturing 将来の成長Future 基準チェック /36Giant Manufacturing利益と収益がそれぞれ年間107.2%と8.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に7.6% 66.6%なると予測されています。主要情報107.2%収益成長率66.62%EPS成長率Leisure 収益成長18.8%収益成長率8.4%将来の株主資本利益率7.60%アナリストカバレッジGood最終更新日29 May 2026今後の成長に関する最新情報Price Target Changed • May 29Price target decreased by 11% to NT$90.88Down from NT$102, the current price target is an average from 8 analysts. New target price is 31% above last closing price of NT$69.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$4.34 for next year compared to NT$1.84 last year.Major Estimate Revision • May 28Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$63.3b to NT$62.1b. EPS estimate also fell from NT$6.50 per share to NT$5.48 per share. Net income forecast to grow 1,615% next year vs 37% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$102 to NT$99.63. Share price fell 3.7% to NT$68.20 over the past week.Price Target Changed • Mar 14Price target decreased by 9.1% to NT$102Down from NT$113, the current price target is an average from 9 analysts. New target price is 44% above last closing price of NT$71.00. Stock is down 55% over the past year. The company is forecast to post earnings per share of NT$2.98 for next year compared to NT$3.22 last year.Major Estimate Revision • Feb 03Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$65.8b to NT$60.3b. EPS estimate also fell from NT$5.76 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 20% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$120 to NT$117. Share price was steady at NT$93.00 over the past week.Major Estimate Revision • Jan 13Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$64.3b to NT$60.3b. EPS estimate also fell from NT$4.57 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 15% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$120. Share price rose 3.3% to NT$90.50 over the past week.Major Estimate Revision • Sep 29Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.52 to NT$4.63. Revenue forecast steady at NT$67.2b. Net income forecast to grow 1,281% next year vs 3.1% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$125. Share price fell 5.9% to NT$95.50 over the past week.すべての更新を表示Recent updatesPrice Target Changed • May 29Price target decreased by 11% to NT$90.88Down from NT$102, the current price target is an average from 8 analysts. New target price is 31% above last closing price of NT$69.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$4.34 for next year compared to NT$1.84 last year.Major Estimate Revision • May 28Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$63.3b to NT$62.1b. EPS estimate also fell from NT$6.50 per share to NT$5.48 per share. Net income forecast to grow 1,615% next year vs 37% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$102 to NT$99.63. Share price fell 3.7% to NT$68.20 over the past week.Reported Earnings • May 18First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.51 loss per share (down from NT$0.94 profit in 1Q 2025). Revenue: NT$12.5b (down 26% from 1Q 2025). Net loss: NT$199.8m (down 154% from profit in 1Q 2025). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Leisure industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 38% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (98% payout ratio). Profit margins are more than 30% lower than last year (1.2% net profit margin).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$76.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Leisure industry in Taiwan. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$114 per share.Reported Earnings • Mar 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$1.84 (down from NT$3.22 in FY 2024). Revenue: NT$60.3b (down 16% from FY 2024). Net income: NT$723.3m (down 43% from FY 2024). Profit margin: 1.2% (down from 1.8% in FY 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 34%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Leisure industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.お知らせ • Mar 16Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 18, 2026Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 18, 2026. Location: no,999, sec.1 tung ta rd., hsi tun district, taichung city TaiwanPrice Target Changed • Mar 14Price target decreased by 9.1% to NT$102Down from NT$113, the current price target is an average from 9 analysts. New target price is 44% above last closing price of NT$71.00. Stock is down 55% over the past year. The company is forecast to post earnings per share of NT$2.98 for next year compared to NT$3.22 last year.Major Estimate Revision • Feb 03Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$65.8b to NT$60.3b. EPS estimate also fell from NT$5.76 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 20% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$120 to NT$117. Share price was steady at NT$93.00 over the past week.Major Estimate Revision • Jan 13Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$64.3b to NT$60.3b. EPS estimate also fell from NT$4.57 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 15% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$120. Share price rose 3.3% to NT$90.50 over the past week.Buy Or Sell Opportunity • Nov 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to NT$101. The fair value is estimated to be NT$127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 70%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 821,634% in the next 2 years.Reported Earnings • Nov 13Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$0.89 (down from NT$1.27 in 3Q 2024). Revenue: NT$15.4b (down 25% from 3Q 2024). Net income: NT$350.0m (down 30% from 3Q 2024). Profit margin: 2.3% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Nov 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$99.60. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.Buy Or Sell Opportunity • Oct 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$93.10. The fair value is estimated to be NT$117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.Major Estimate Revision • Sep 29Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.52 to NT$4.63. Revenue forecast steady at NT$67.2b. Net income forecast to grow 1,281% next year vs 3.1% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$125. Share price fell 5.9% to NT$95.50 over the past week.Buy Or Sell Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to NT$103. The fair value is estimated to be NT$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 8.5% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.Price Target Changed • Aug 21Price target decreased by 8.4% to NT$127Down from NT$139, the current price target is an average from 9 analysts. New target price is 22% above last closing price of NT$104. Stock is down 56% over the past year. The company is forecast to post earnings per share of NT$3.52 for next year compared to NT$3.22 last year.Upcoming Dividend • Aug 19Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 18 September 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).Buy Or Sell Opportunity • Aug 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$107. The fair value is estimated to be NT$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 1,980% in the next 2 years.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.48 (down from NT$2.94 in 2Q 2024). Revenue: NT$15.8b (down 26% from 2Q 2024). Net income: NT$189.9m (down 84% from 2Q 2024). Profit margin: 1.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Declared Dividend • Aug 01Dividend reduced to NT$2.20Dividend of NT$2.20 is 56% lower than last year. Ex-date: 26th August 2025 Payment date: 18th September 2025 Dividend yield will be 1.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 28Price target decreased by 8.6% to NT$144Down from NT$158, the current price target is an average from 9 analysts. New target price is 20% above last closing price of NT$121. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$7.08 for next year compared to NT$3.22 last year.Major Estimate Revision • May 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$6.07 to NT$6.86. Revenue forecast steady at NT$71.9b. Net income forecast to grow 136% next year vs 1.5% decline forecast for Leisure industry in Taiwan. Consensus price target down from NT$158 to NT$148. Share price fell 2.9% to NT$119 over the past week.Price Target Changed • May 26Price target decreased by 7.8% to NT$148Down from NT$160, the current price target is an average from 9 analysts. New target price is 23% above last closing price of NT$120. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$3.22 last year.Price Target Changed • May 17Price target decreased by 8.2% to NT$158Down from NT$172, the current price target is an average from 9 analysts. New target price is 28% above last closing price of NT$123. Stock is down 44% over the past year. The company is forecast to post earnings per share of NT$6.07 for next year compared to NT$3.22 last year.Reported Earnings • May 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.94 (down from NT$1.33 in 1Q 2024). Revenue: NT$16.9b (up 4.9% from 1Q 2024). Net income: NT$367.6m (down 29% from 1Q 2024). Profit margin: 2.2% (down from 3.2% in 1Q 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 19%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 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 48% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Major Estimate Revision • May 10Consensus 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$73.8b to NT$72.4b. EPS estimate also fell from NT$8.10 per share to NT$6.92 per share. Net income forecast to grow 135% next year vs 3.2% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$172 to NT$165. Share price was steady at NT$129 over the past week.お知らせ • May 01Giant Manufacturing Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Giant Manufacturing 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 20%After last week's 20% share price decline to NT$117, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$69.76 per share.Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$3.22 (down from NT$8.68 in FY 2023). Revenue: NT$71.3b (down 7.4% from FY 2023). Net income: NT$1.26b (down 63% from FY 2023). Profit margin: 1.8% (down from 4.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.分析記事 • Mar 27Giant Manufacturing (TWSE:9921) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Mar 19Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2025Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2025, at 09:00 Taipei Standard Time. Location: no,999, sec.1 tung ta rd., hsi tun district, taichung city Taiwanお知らせ • Mar 07Giant Manufacturing Co., Ltd. to Report Q4, 2024 Results on Mar 14, 2025Giant Manufacturing Co., Ltd. announced that they will report Q4, 2024 results on Mar 14, 2025分析記事 • Feb 04What Does Giant Manufacturing Co., Ltd.'s (TWSE:9921) Share Price Indicate?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), is not the largest company out there, but it saw significant share price...分析記事 • Jan 01Why Investors Shouldn't Be Surprised By Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/EWith a median price-to-earnings (or "P/E") ratio of close to 21x in Taiwan, you could be forgiven for feeling...お知らせ • Dec 28+ 1 more updateGiant Manufacturing Co., Ltd. Announces CEO ChangesGiant Manufacturing Co., Ltd. announced CEO Changes. Name of the previous position holder: LIU, YUON-CHAN (Young Liu). Resume of the previous position holder: The Company's Director and CEO. Name of the new position holder: LIU, SU-CHUAN (Phoebe Liu). Resume of the new position holder: Director of the Company and Chief Branding Officer and Head of Global Gear Business. Reason for the change: Board of Directors reappointment. Effective date of the new appointment: January 1, 2025. LIU, SU-CHUAN (Phoebe Liu) has dedicated twenty years to Giant Group and has served in various positions. Phoebe Liu has laid a solid foundation of practical industry experience and expertise. Through her close collaboration with LIU, YUON-CHAN (Young Liu) for more than a decade, they have built up a very strong working synergy.Price Target Changed • Nov 27Price target decreased by 13% to NT$187Down from NT$216, the current price target is an average from 9 analysts. New target price is 25% above last closing price of NT$150. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$6.60 for next year compared to NT$8.68 last year.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$74.4b to NT$73.2b. EPS estimate also fell from NT$7.53 per share to NT$6.32 per share. Net income forecast to grow 40% next year vs 23% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$216 to NT$202. Share price fell 5.7% to NT$149 over the past week.分析記事 • Nov 19Giant Manufacturing's (TWSE:9921) Soft Earnings Are Actually Better Than They AppearThe most recent earnings report from Giant Manufacturing Co., Ltd. ( TWSE:9921 ) was disappointing for shareholders...Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.27 (down from NT$2.81 in 3Q 2023). Revenue: NT$20.5b (up 4.8% from 3Q 2023). Net income: NT$498.9m (down 55% from 3Q 2023). Profit margin: 2.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 09Price target decreased by 8.5% to NT$225Down from NT$246, the current price target is an average from 10 analysts. New target price is 27% above last closing price of NT$178. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of NT$7.78 for next year compared to NT$8.68 last year.Major Estimate Revision • Nov 09Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$75.6b to NT$74.4b. EPS estimate also fell from NT$8.73 per share to NT$7.78 per share. Net income forecast to grow 26% next year vs 33% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$246 to NT$225. Share price was steady at NT$178 over the past week.分析記事 • Oct 21Giant Manufacturing (TWSE:9921) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Oct 06Is Now The Time To Look At Buying Giant Manufacturing Co., Ltd. (TWSE:9921)?While Giant Manufacturing Co., Ltd. ( TWSE:9921 ) might not have the largest market cap around , it received a lot of...Upcoming Dividend • Aug 16Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.7%).Reported Earnings • Aug 15Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$2.94 (down from NT$3.02 in 2Q 2023). Revenue: NT$21.2b (down 5.8% from 2Q 2023). Net income: NT$1.15b (down 2.5% from 2Q 2023). Profit margin: 5.4% (up from 5.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.分析記事 • Aug 12Giant Manufacturing (TWSE:9921) Will Pay A Smaller Dividend Than Last YearGiant Manufacturing Co., Ltd.'s ( TWSE:9921 ) dividend is being reduced from last year's payment covering the same...お知らせ • Aug 10Giant Manufacturing Co., Ltd. Announces Remuneration Committee Member ChangesGiant Manufacturing Co., Ltd. announced Company's Sixth Remuneration Committee member. Name of the previous position holder: CHEN, HONG-SO (Hilo Chen); LO, JUI-LIN; HO, CHUN-SHENG (Chaney Ho). Resume of the previous position holder: CHEN, HONG-SO (Hilo Chen) Independent Director of YAGEO CORPORATION & momo.com Inc. LO, JUI-LIN Independent Director of TAIWAN PAIHO LIMITED. HO, CHUN-SHENG (Chaney Ho) Director of Advantech Co., Ltd. Name of the new position holder: HO, CHUN-SHENG (Chaney Ho); TSOU, KAI-LIEN (Rose Tsou); CHANG, CHI-WEN (Dora Chang). Resume of the new position holder: HO, CHUN-SHENG (Chaney Ho) Director of Advantech Co., Ltd. TSOU, KAI-LIEN (Rose Tsou) Chairman of Fuen Investment Co., Ltd.? independent director of Sercomm Corporation and Delta Electronics Inc. CHANG, CHI-WEN(Dora Chang) Chairman of Shamrock Holdings Company? Director of Posiflex Technology Inc.?Senior Advisor of Blackstone. Reason for the change is Tenure expired. Effective date of the new member is August 9, 2024.お知らせ • Aug 02Giant Manufacturing Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024Giant Manufacturing Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024分析記事 • Jul 29Giant Manufacturing's (TWSE:9921) Dividend Is Being Reduced To NT$5.00Giant Manufacturing Co., Ltd. ( TWSE:9921 ) has announced that on 19th of September, it will be paying a dividend...Declared Dividend • Jul 29Dividend reduced to NT$5.00Dividend of NT$5.00 is 36% lower than last year. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 27Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 19, 2024The Board of Directors of Giant Manufacturing Co., Ltd. announced cash dividends of TWD 5 per share, total amount to TWD 1,960,323,130. Payment date of cash dividend distribution: September 19, 2024. Ex-rights (ex-dividend) trading date: August 23, 2024. Record date: 31 August 2024.分析記事 • Jul 12Giant Manufacturing (TWSE:9921) Is Reinvesting At Lower Rates Of ReturnIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...Major Estimate Revision • Jul 02Consensus EPS estimates fall by 10%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$75.2b to NT$76.6b. EPS estimate fell from NT$9.30 to NT$8.36 per share. Net income forecast to grow 18% next year vs 24% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$250 unchanged from last update. Share price fell 5.5% to NT$205 over the past week.分析記事 • Jun 26When Should You Buy Giant Manufacturing Co., Ltd. (TWSE:9921)?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it saw significant share price...お知らせ • Jun 24Giant Manufacturing Co., Ltd. Approves Change of Audit CommitteeGiant Manufacturing Co., Ltd. appointed TSOU, KAI-LIEN (Rose Tsou), Chairman of Fuen Investment Co., Ltd.?B independent director of Sercomm Corporation and Delta Electronics Inc. and CHANG, CHI-WEN (Dora Chang), Chairman of Shamrock Holdings Company?B Director of Posiflex Technology Inc.?BSenior Advisor of Blackstone to the Audit Committee in place of CHEN, HONG-SO (Hilo Chen) LO, JUI-LIN HO. Effective date of the new member on June 21, 2024.お知らせ • Jun 23Giant Manufacturing Co., Ltd. Approves Change of DirectorsGiant Manufacturing Co., Ltd. appointed Director LIU, SU-CHUAN (Phoebe Liu) The Company - Chief Marketing Officer and GBD officer YANG, MENG-HSUEH(Marcel Yang) The Company- Specialist of Global TM?B Special Assistant of CEO Kinabalu Holding Company The Company ?V Director Yen Sing Investment Co., Ltd. The Company ?V Independent Director and Director of Advantech Co., Ltd. TSOU, KAI-LIEN (Rose Tsou) Chairman of Fuen Investment Co., Ltd.?B independent director of Sercomm Corporation and Delta Electronics Inc. CHANG, CHI-WEN(Dora Chang) Chairman of Shamrock Holdings Company?B Director of Posiflex Technology Inc.?BSenior Advisor of Blackstone as Directors in place of LIU,CHIN-PIAO (King Liu), YANG, HUAI-CHING, THO, TZU-CHIEN and LO, JUI-LIN. Effective date of the new appointment June 21, 2024.分析記事 • Jun 07Is Giant Manufacturing (TWSE:9921) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • May 15First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.33 (down from NT$2.13 in 1Q 2023). Revenue: NT$16.1b (down 20% from 1Q 2023). Net income: NT$519.7m (down 38% from 1Q 2023). Profit margin: 3.2% (down from 4.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • May 05Giant Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Giant Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024分析記事 • May 02Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/E Still Appears To Be ReasonableThere wouldn't be many who think Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) price-to-earnings (or "P/E") ratio of...分析記事 • Apr 02Giant Manufacturing's (TWSE:9921) Soft Earnings Don't Show The Whole PictureThe market for Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) shares didn't move much after it posted weak earnings...Reported Earnings • Mar 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$8.68 (down from NT$15.51 in FY 2022). Revenue: NT$77.0b (down 16% from FY 2022). Net income: NT$3.40b (down 42% from FY 2022). Profit margin: 4.4% (down from 6.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.分析記事 • Mar 28Is There Now An Opportunity In Giant Manufacturing Co., Ltd. (TWSE:9921)?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it received a lot of attention from a...お知らせ • Mar 19Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024.分析記事 • Feb 29There Are Reasons To Feel Uneasy About Giant Manufacturing's (TWSE:9921) 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...Buy Or Sell Opportunity • Feb 16Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to NT$202. The fair value is estimated to be NT$156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to grow by 1.2% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Buy Or Sell Opportunity • Jan 22Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$171. The fair value is estimated to be NT$141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 46% in the next 2 years.Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$2.81 (down from NT$5.35 in 3Q 2022). Revenue: NT$19.5b (down 25% from 3Q 2022). Net income: NT$1.10b (down 45% from 3Q 2022). Profit margin: 5.6% (down from 7.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 6.9%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Price Target Changed • Nov 13Price target decreased by 7.1% to NT$219Down from NT$235, the current price target is an average from 9 analysts. New target price is 33% above last closing price of NT$165. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$9.62 for next year compared to NT$15.51 last year.Upcoming Dividend • Aug 18Upcoming dividend of NT$7.80 per share at 3.8% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.7%).Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$3.02 (down from NT$4.81 in 2Q 2022). Revenue: NT$22.5b (down 1.2% from 2Q 2022). Net income: NT$1.18b (down 34% from 2Q 2022). Profit margin: 5.3% (down from 7.9% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 05Price target increased by 7.3% to NT$235Up from NT$219, the current price target is an average from 10 analysts. New target price is 6.8% above last closing price of NT$220. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$9.81 for next year compared to NT$15.51 last year.Price Target Changed • Jul 31Price target increased by 7.4% to NT$229Up from NT$214, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$232. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$15.51 last year.お知らせ • Jul 29Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 20, 2023The Board of Directors of Giant Manufacturing Co., Ltd. announced cash dividends of TWD 7.8 per share. .Payment date of cash dividend distribution: September 20, 2023. Ex-dividend: August 25, 2023. Record date: September 02, 2023.New Risk • Jun 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.5% increase in shares outstanding).Major Estimate Revision • May 26Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$11.04 to NT$9.81 per share. Revenue forecast steady at NT$81.6b. Net income forecast to shrink 20% next year vs 16% growth forecast for Leisure industry in Taiwan . Consensus price target broadly unchanged at NT$211. Share price was steady at NT$200 over the past week.Major Estimate Revision • May 11Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$81.4b to NT$77.9b. EPS estimate rose from NT$7.65 to NT$8.76. Net income forecast to shrink 40% next year vs 24% decline forecast for Leisure industry in Taiwan. Consensus price target reaffirmed at NT$213. Share price rose 5.5% to NT$193 over the past week.Major Estimate Revision • Apr 14Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$11.12 to NT$7.65 per share. Revenue forecast steady at NT$81.4b. Net income forecast to shrink 49% next year vs 26% decline forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$213. Share price rose 8.9% to NT$189 over the past week.Reported Earnings • Mar 30Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$15.51 (down from NT$15.81 in FY 2021). Revenue: NT$92.0b (up 13% from FY 2021). Net income: NT$5.84b (down 1.5% from FY 2021). Profit margin: 6.3% (down from 7.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is expected to decline by 2.5% p.a. on average during the next 3 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 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 13Price target decreased by 9.8% to NT$217Down from NT$241, the current price target is an average from 11 analysts. New target price is 16% above last closing price of NT$187. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$17.77 for next year compared to NT$15.81 last year.Buying Opportunity • Dec 13Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NT$269, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chaney Ho was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 09Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$5.35 (up from NT$3.42 in 3Q 2021). Revenue: NT$25.9b (up 30% from 3Q 2021). Net income: NT$2.01b (up 57% from 3Q 2021). Profit margin: 7.8% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Nov 07Price target decreased to NT$260Down from NT$282, the current price target is an average from 12 analysts. New target price is 22% above last closing price of NT$214. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$17.24 for next year compared to NT$15.81 last year.Upcoming Dividend • Aug 12Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). In line with average of industry peers (4.2%).Reported Earnings • Aug 11Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$4.80 (down from NT$4.93 in 2Q 2021). Revenue: NT$22.7b (up 6.4% from 2Q 2021). Net income: NT$1.80b (down 2.5% from 2Q 2021). Profit margin: 7.9% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.2%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$305, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.Buying Opportunity • Jun 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.6%. The fair value is estimated to be NT$320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 18% in the next 2 years.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$4.86 (up from NT$4.54 in 1Q 2021). Revenue: NT$22.3b (up 8.0% from 1Q 2021). Net income: NT$1.82b (up 7.1% from 1Q 2021). Profit margin: 8.2% (down from 8.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.3%, compared to a 13% growth forecast for the 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 only increased by 2% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target decreased to NT$343Down from NT$392, the current price target is an average from 11 analysts. New target price is 43% above last closing price of NT$240. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$16.79 for next year compared to NT$15.81 last year.Buying Opportunity • Apr 27Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be NT$309, 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 28%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period.Reported Earnings • Mar 31Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$15.81 (up from NT$13.20 in FY 2020). Revenue: NT$81.8b (up 17% from FY 2020). Net income: NT$5.93b (up 20% from FY 2020). Profit margin: 7.2% (up from 7.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.1%, compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 31Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022.Price Target Changed • Mar 28Price target decreased to NT$361Down from NT$398, the current price target is an average from 11 analysts. New target price is 44% above last closing price of NT$251. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$15.96 for next year compared to NT$13.19 last year.お知らせ • Feb 25Giant Manufacturing Co., Ltd. Provides Revenue Guidance for the Year 2022Giant Manufacturing Co., Ltd. provided revenue guidance for the year 2022. The company expects annual sales revenue forecast to TWD 90 billion in 2022.業績と収益の成長予測TWSE:9921 - 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12/31/202869,246N/AN/AN/A212/31/202765,9412,7674,2596,388712/31/202659,8491,247-4221,00163/31/202655,9271568,86810,405N/A12/31/202560,2547239,34511,148N/A9/30/202561,55206,6598,401N/A6/30/202566,6551496,1348,482N/A3/31/202572,0671,1127,95910,226N/A12/31/202471,2791,26410,05412,149N/A9/30/202472,5402,45213,07015,149N/A6/30/202471,5993,05613,90415,369N/A3/31/202472,8973,08512,29113,926N/A12/31/202376,9543,4018,80310,590N/A9/30/202383,2703,3336,5158,729N/A6/30/202389,6224,2373,6676,093N/A3/31/202389,9034,857-4742,100N/A12/31/202292,0445,844-2,018512N/A9/30/202290,7786,729-5,887-3,390N/A6/30/202284,8556,004-9,387-6,788N/A3/31/202283,4836,051-9,650-7,252N/A12/31/202181,8405,930-7,270-4,960N/A9/30/202179,4536,146-3,060-939N/A6/30/202178,9756,3493,0025,033N/A3/31/202177,3056,0218,97511,210N/A12/31/202070,0114,9498,91211,398N/A9/30/202068,2484,2638,12611,213N/A6/30/202065,7613,8033,4706,818N/A3/31/202062,0783,320-1,2082,483N/A12/31/201963,4503,375N/A1,937N/A9/30/201962,5143,553N/A3,354N/A6/30/201961,7833,511N/A3,932N/A3/31/201960,9603,290N/A4,592N/A12/31/201860,2392,864N/A2,694N/A9/30/201858,6822,198N/A1,572N/A6/30/201857,3551,937N/A1,243N/A3/31/201855,6341,796N/A1,430N/A12/31/201755,2122,054N/A2,733N/A9/30/201754,9322,577N/A2,732N/A6/30/201755,1662,565N/A3,014N/A3/31/201756,4192,727N/A1,626N/A12/31/201657,2213,065N/A2,447N/A9/30/201657,3463,248N/A2,462N/A6/30/201659,2983,754N/A3,797N/A3/31/201660,1853,751N/A3,759N/A12/31/201560,4183,843N/A2,713N/A9/30/201561,3204,040N/A2,178N/A6/30/201560,9093,976N/A1,544N/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: 9921の予測収益成長率 (年間107.2% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 9921の収益 ( 107.2% ) はTW市場 ( 26.7% ) よりも速いペースで成長すると予測されています。高成長収益: 9921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: 9921の収益 ( 8.4% ) TW市場 ( 19.1% ) よりも低い成長が予測されています。高い収益成長: 9921の収益 ( 8.4% ) 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: 9921の 自己資本利益率 は、3年後には低くなると予測されています ( 7.6 %)。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2026/06/01 21:31終値2026/06/01 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Giant Manufacturing Co., Ltd. 7 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。23 アナリスト機関Qihui LiBarclaysRonald LeungBofA Global ResearchHongyan LinCGS International20 その他のアナリストを表示
Price Target Changed • May 29Price target decreased by 11% to NT$90.88Down from NT$102, the current price target is an average from 8 analysts. New target price is 31% above last closing price of NT$69.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$4.34 for next year compared to NT$1.84 last year.
Major Estimate Revision • May 28Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$63.3b to NT$62.1b. EPS estimate also fell from NT$6.50 per share to NT$5.48 per share. Net income forecast to grow 1,615% next year vs 37% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$102 to NT$99.63. Share price fell 3.7% to NT$68.20 over the past week.
Price Target Changed • Mar 14Price target decreased by 9.1% to NT$102Down from NT$113, the current price target is an average from 9 analysts. New target price is 44% above last closing price of NT$71.00. Stock is down 55% over the past year. The company is forecast to post earnings per share of NT$2.98 for next year compared to NT$3.22 last year.
Major Estimate Revision • Feb 03Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$65.8b to NT$60.3b. EPS estimate also fell from NT$5.76 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 20% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$120 to NT$117. Share price was steady at NT$93.00 over the past week.
Major Estimate Revision • Jan 13Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$64.3b to NT$60.3b. EPS estimate also fell from NT$4.57 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 15% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$120. Share price rose 3.3% to NT$90.50 over the past week.
Major Estimate Revision • Sep 29Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.52 to NT$4.63. Revenue forecast steady at NT$67.2b. Net income forecast to grow 1,281% next year vs 3.1% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$125. Share price fell 5.9% to NT$95.50 over the past week.
Price Target Changed • May 29Price target decreased by 11% to NT$90.88Down from NT$102, the current price target is an average from 8 analysts. New target price is 31% above last closing price of NT$69.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$4.34 for next year compared to NT$1.84 last year.
Major Estimate Revision • May 28Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NT$63.3b to NT$62.1b. EPS estimate also fell from NT$6.50 per share to NT$5.48 per share. Net income forecast to grow 1,615% next year vs 37% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$102 to NT$99.63. Share price fell 3.7% to NT$68.20 over the past week.
Reported Earnings • May 18First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.51 loss per share (down from NT$0.94 profit in 1Q 2025). Revenue: NT$12.5b (down 26% from 1Q 2025). Net loss: NT$199.8m (down 154% from profit in 1Q 2025). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Leisure industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
New Risk • May 17New major risk - Revenue and earnings growthEarnings have declined by 38% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (98% payout ratio). Profit margins are more than 30% lower than last year (1.2% net profit margin).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$76.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Leisure industry in Taiwan. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$114 per share.
Reported Earnings • Mar 28Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: NT$1.84 (down from NT$3.22 in FY 2024). Revenue: NT$60.3b (down 16% from FY 2024). Net income: NT$723.3m (down 43% from FY 2024). Profit margin: 1.2% (down from 1.8% in FY 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 34%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Leisure industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 16Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 18, 2026Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 18, 2026. Location: no,999, sec.1 tung ta rd., hsi tun district, taichung city Taiwan
Price Target Changed • Mar 14Price target decreased by 9.1% to NT$102Down from NT$113, the current price target is an average from 9 analysts. New target price is 44% above last closing price of NT$71.00. Stock is down 55% over the past year. The company is forecast to post earnings per share of NT$2.98 for next year compared to NT$3.22 last year.
Major Estimate Revision • Feb 03Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$65.8b to NT$60.3b. EPS estimate also fell from NT$5.76 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 20% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$120 to NT$117. Share price was steady at NT$93.00 over the past week.
Major Estimate Revision • Jan 13Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$64.3b to NT$60.3b. EPS estimate also fell from NT$4.57 per share to NT$2.72 per share. Net income forecast to grow 566,561% next year vs 15% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$120. Share price rose 3.3% to NT$90.50 over the past week.
Buy Or Sell Opportunity • Nov 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to NT$101. The fair value is estimated to be NT$127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 70%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 821,634% in the next 2 years.
Reported Earnings • Nov 13Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$0.89 (down from NT$1.27 in 3Q 2024). Revenue: NT$15.4b (down 25% from 3Q 2024). Net income: NT$350.0m (down 30% from 3Q 2024). Profit margin: 2.3% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Nov 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$99.60. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.
Buy Or Sell Opportunity • Oct 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$93.10. The fair value is estimated to be NT$117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 7.3% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.
Major Estimate Revision • Sep 29Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$3.52 to NT$4.63. Revenue forecast steady at NT$67.2b. Net income forecast to grow 1,281% next year vs 3.1% growth forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$125. Share price fell 5.9% to NT$95.50 over the past week.
Buy Or Sell Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to NT$103. The fair value is estimated to be NT$130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 8.5% in 2 years. Earnings are forecast to grow by 1,862% in the next 2 years.
Price Target Changed • Aug 21Price target decreased by 8.4% to NT$127Down from NT$139, the current price target is an average from 9 analysts. New target price is 22% above last closing price of NT$104. Stock is down 56% over the past year. The company is forecast to post earnings per share of NT$3.52 for next year compared to NT$3.22 last year.
Upcoming Dividend • Aug 19Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 26 August 2025. Payment date: 18 September 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).
Buy Or Sell Opportunity • Aug 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to NT$107. The fair value is estimated to be NT$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 1,980% in the next 2 years.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.48 (down from NT$2.94 in 2Q 2024). Revenue: NT$15.8b (down 26% from 2Q 2024). Net income: NT$189.9m (down 84% from 2Q 2024). Profit margin: 1.2% (down from 5.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Declared Dividend • Aug 01Dividend reduced to NT$2.20Dividend of NT$2.20 is 56% lower than last year. Ex-date: 26th August 2025 Payment date: 18th September 2025 Dividend yield will be 1.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 28Price target decreased by 8.6% to NT$144Down from NT$158, the current price target is an average from 9 analysts. New target price is 20% above last closing price of NT$121. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$7.08 for next year compared to NT$3.22 last year.
Major Estimate Revision • May 27Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from NT$6.07 to NT$6.86. Revenue forecast steady at NT$71.9b. Net income forecast to grow 136% next year vs 1.5% decline forecast for Leisure industry in Taiwan. Consensus price target down from NT$158 to NT$148. Share price fell 2.9% to NT$119 over the past week.
Price Target Changed • May 26Price target decreased by 7.8% to NT$148Down from NT$160, the current price target is an average from 9 analysts. New target price is 23% above last closing price of NT$120. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$6.93 for next year compared to NT$3.22 last year.
Price Target Changed • May 17Price target decreased by 8.2% to NT$158Down from NT$172, the current price target is an average from 9 analysts. New target price is 28% above last closing price of NT$123. Stock is down 44% over the past year. The company is forecast to post earnings per share of NT$6.07 for next year compared to NT$3.22 last year.
Reported Earnings • May 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.94 (down from NT$1.33 in 1Q 2024). Revenue: NT$16.9b (up 4.9% from 1Q 2024). Net income: NT$367.6m (down 29% from 1Q 2024). Profit margin: 2.2% (down from 3.2% in 1Q 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 19%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 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 48% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • May 10Consensus 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$73.8b to NT$72.4b. EPS estimate also fell from NT$8.10 per share to NT$6.92 per share. Net income forecast to grow 135% next year vs 3.2% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$172 to NT$165. Share price was steady at NT$129 over the past week.
お知らせ • May 01Giant Manufacturing Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Giant Manufacturing 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 20%After last week's 20% share price decline to NT$117, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$69.76 per share.
Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$3.22 (down from NT$8.68 in FY 2023). Revenue: NT$71.3b (down 7.4% from FY 2023). Net income: NT$1.26b (down 63% from FY 2023). Profit margin: 1.8% (down from 4.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 27Giant Manufacturing (TWSE:9921) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Mar 19Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2025Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2025, at 09:00 Taipei Standard Time. Location: no,999, sec.1 tung ta rd., hsi tun district, taichung city Taiwan
お知らせ • Mar 07Giant Manufacturing Co., Ltd. to Report Q4, 2024 Results on Mar 14, 2025Giant Manufacturing Co., Ltd. announced that they will report Q4, 2024 results on Mar 14, 2025
分析記事 • Feb 04What Does Giant Manufacturing Co., Ltd.'s (TWSE:9921) Share Price Indicate?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), is not the largest company out there, but it saw significant share price...
分析記事 • Jan 01Why Investors Shouldn't Be Surprised By Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/EWith a median price-to-earnings (or "P/E") ratio of close to 21x in Taiwan, you could be forgiven for feeling...
お知らせ • Dec 28+ 1 more updateGiant Manufacturing Co., Ltd. Announces CEO ChangesGiant Manufacturing Co., Ltd. announced CEO Changes. Name of the previous position holder: LIU, YUON-CHAN (Young Liu). Resume of the previous position holder: The Company's Director and CEO. Name of the new position holder: LIU, SU-CHUAN (Phoebe Liu). Resume of the new position holder: Director of the Company and Chief Branding Officer and Head of Global Gear Business. Reason for the change: Board of Directors reappointment. Effective date of the new appointment: January 1, 2025. LIU, SU-CHUAN (Phoebe Liu) has dedicated twenty years to Giant Group and has served in various positions. Phoebe Liu has laid a solid foundation of practical industry experience and expertise. Through her close collaboration with LIU, YUON-CHAN (Young Liu) for more than a decade, they have built up a very strong working synergy.
Price Target Changed • Nov 27Price target decreased by 13% to NT$187Down from NT$216, the current price target is an average from 9 analysts. New target price is 25% above last closing price of NT$150. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$6.60 for next year compared to NT$8.68 last year.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$74.4b to NT$73.2b. EPS estimate also fell from NT$7.53 per share to NT$6.32 per share. Net income forecast to grow 40% next year vs 23% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$216 to NT$202. Share price fell 5.7% to NT$149 over the past week.
分析記事 • Nov 19Giant Manufacturing's (TWSE:9921) Soft Earnings Are Actually Better Than They AppearThe most recent earnings report from Giant Manufacturing Co., Ltd. ( TWSE:9921 ) was disappointing for shareholders...
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.27 (down from NT$2.81 in 3Q 2023). Revenue: NT$20.5b (up 4.8% from 3Q 2023). Net income: NT$498.9m (down 55% from 3Q 2023). Profit margin: 2.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 09Price target decreased by 8.5% to NT$225Down from NT$246, the current price target is an average from 10 analysts. New target price is 27% above last closing price of NT$178. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of NT$7.78 for next year compared to NT$8.68 last year.
Major Estimate Revision • Nov 09Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$75.6b to NT$74.4b. EPS estimate also fell from NT$8.73 per share to NT$7.78 per share. Net income forecast to grow 26% next year vs 33% growth forecast for Leisure industry in Taiwan. Consensus price target down from NT$246 to NT$225. Share price was steady at NT$178 over the past week.
分析記事 • Oct 21Giant Manufacturing (TWSE:9921) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Oct 06Is Now The Time To Look At Buying Giant Manufacturing Co., Ltd. (TWSE:9921)?While Giant Manufacturing Co., Ltd. ( TWSE:9921 ) might not have the largest market cap around , it received a lot of...
Upcoming Dividend • Aug 16Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.7%).
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$2.94 (down from NT$3.02 in 2Q 2023). Revenue: NT$21.2b (down 5.8% from 2Q 2023). Net income: NT$1.15b (down 2.5% from 2Q 2023). Profit margin: 5.4% (up from 5.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 12Giant Manufacturing (TWSE:9921) Will Pay A Smaller Dividend Than Last YearGiant Manufacturing Co., Ltd.'s ( TWSE:9921 ) dividend is being reduced from last year's payment covering the same...
お知らせ • Aug 10Giant Manufacturing Co., Ltd. Announces Remuneration Committee Member ChangesGiant Manufacturing Co., Ltd. announced Company's Sixth Remuneration Committee member. Name of the previous position holder: CHEN, HONG-SO (Hilo Chen); LO, JUI-LIN; HO, CHUN-SHENG (Chaney Ho). Resume of the previous position holder: CHEN, HONG-SO (Hilo Chen) Independent Director of YAGEO CORPORATION & momo.com Inc. LO, JUI-LIN Independent Director of TAIWAN PAIHO LIMITED. HO, CHUN-SHENG (Chaney Ho) Director of Advantech Co., Ltd. Name of the new position holder: HO, CHUN-SHENG (Chaney Ho); TSOU, KAI-LIEN (Rose Tsou); CHANG, CHI-WEN (Dora Chang). Resume of the new position holder: HO, CHUN-SHENG (Chaney Ho) Director of Advantech Co., Ltd. TSOU, KAI-LIEN (Rose Tsou) Chairman of Fuen Investment Co., Ltd.? independent director of Sercomm Corporation and Delta Electronics Inc. CHANG, CHI-WEN(Dora Chang) Chairman of Shamrock Holdings Company? Director of Posiflex Technology Inc.?Senior Advisor of Blackstone. Reason for the change is Tenure expired. Effective date of the new member is August 9, 2024.
お知らせ • Aug 02Giant Manufacturing Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024Giant Manufacturing Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024
分析記事 • Jul 29Giant Manufacturing's (TWSE:9921) Dividend Is Being Reduced To NT$5.00Giant Manufacturing Co., Ltd. ( TWSE:9921 ) has announced that on 19th of September, it will be paying a dividend...
Declared Dividend • Jul 29Dividend reduced to NT$5.00Dividend of NT$5.00 is 36% lower than last year. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 27Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 19, 2024The Board of Directors of Giant Manufacturing Co., Ltd. announced cash dividends of TWD 5 per share, total amount to TWD 1,960,323,130. Payment date of cash dividend distribution: September 19, 2024. Ex-rights (ex-dividend) trading date: August 23, 2024. Record date: 31 August 2024.
分析記事 • Jul 12Giant Manufacturing (TWSE:9921) Is Reinvesting At Lower Rates Of ReturnIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Major Estimate Revision • Jul 02Consensus EPS estimates fall by 10%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$75.2b to NT$76.6b. EPS estimate fell from NT$9.30 to NT$8.36 per share. Net income forecast to grow 18% next year vs 24% growth forecast for Leisure industry in Taiwan. Consensus price target of NT$250 unchanged from last update. Share price fell 5.5% to NT$205 over the past week.
分析記事 • Jun 26When Should You Buy Giant Manufacturing Co., Ltd. (TWSE:9921)?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it saw significant share price...
お知らせ • Jun 24Giant Manufacturing Co., Ltd. Approves Change of Audit CommitteeGiant Manufacturing Co., Ltd. appointed TSOU, KAI-LIEN (Rose Tsou), Chairman of Fuen Investment Co., Ltd.?B independent director of Sercomm Corporation and Delta Electronics Inc. and CHANG, CHI-WEN (Dora Chang), Chairman of Shamrock Holdings Company?B Director of Posiflex Technology Inc.?BSenior Advisor of Blackstone to the Audit Committee in place of CHEN, HONG-SO (Hilo Chen) LO, JUI-LIN HO. Effective date of the new member on June 21, 2024.
お知らせ • Jun 23Giant Manufacturing Co., Ltd. Approves Change of DirectorsGiant Manufacturing Co., Ltd. appointed Director LIU, SU-CHUAN (Phoebe Liu) The Company - Chief Marketing Officer and GBD officer YANG, MENG-HSUEH(Marcel Yang) The Company- Specialist of Global TM?B Special Assistant of CEO Kinabalu Holding Company The Company ?V Director Yen Sing Investment Co., Ltd. The Company ?V Independent Director and Director of Advantech Co., Ltd. TSOU, KAI-LIEN (Rose Tsou) Chairman of Fuen Investment Co., Ltd.?B independent director of Sercomm Corporation and Delta Electronics Inc. CHANG, CHI-WEN(Dora Chang) Chairman of Shamrock Holdings Company?B Director of Posiflex Technology Inc.?BSenior Advisor of Blackstone as Directors in place of LIU,CHIN-PIAO (King Liu), YANG, HUAI-CHING, THO, TZU-CHIEN and LO, JUI-LIN. Effective date of the new appointment June 21, 2024.
分析記事 • Jun 07Is Giant Manufacturing (TWSE:9921) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 15First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.33 (down from NT$2.13 in 1Q 2023). Revenue: NT$16.1b (down 20% from 1Q 2023). Net income: NT$519.7m (down 38% from 1Q 2023). Profit margin: 3.2% (down from 4.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • May 05Giant Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Giant Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
分析記事 • May 02Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/E Still Appears To Be ReasonableThere wouldn't be many who think Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) price-to-earnings (or "P/E") ratio of...
分析記事 • Apr 02Giant Manufacturing's (TWSE:9921) Soft Earnings Don't Show The Whole PictureThe market for Giant Manufacturing Co., Ltd.'s ( TWSE:9921 ) shares didn't move much after it posted weak earnings...
Reported Earnings • Mar 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$8.68 (down from NT$15.51 in FY 2022). Revenue: NT$77.0b (down 16% from FY 2022). Net income: NT$3.40b (down 42% from FY 2022). Profit margin: 4.4% (down from 6.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.
分析記事 • Mar 28Is There Now An Opportunity In Giant Manufacturing Co., Ltd. (TWSE:9921)?Giant Manufacturing Co., Ltd. ( TWSE:9921 ), might not be a large cap stock, but it received a lot of attention from a...
お知らせ • Mar 19Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024.
分析記事 • Feb 29There Are Reasons To Feel Uneasy About Giant Manufacturing's (TWSE:9921) 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...
Buy Or Sell Opportunity • Feb 16Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to NT$202. The fair value is estimated to be NT$156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to grow by 1.2% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Buy Or Sell Opportunity • Jan 22Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$171. The fair value is estimated to be NT$141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 46% in the next 2 years.
Reported Earnings • Nov 15Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$2.81 (down from NT$5.35 in 3Q 2022). Revenue: NT$19.5b (down 25% from 3Q 2022). Net income: NT$1.10b (down 45% from 3Q 2022). Profit margin: 5.6% (down from 7.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates by 6.9%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Nov 13Price target decreased by 7.1% to NT$219Down from NT$235, the current price target is an average from 9 analysts. New target price is 33% above last closing price of NT$165. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$9.62 for next year compared to NT$15.51 last year.
Upcoming Dividend • Aug 18Upcoming dividend of NT$7.80 per share at 3.8% yieldEligible shareholders must have bought the stock before 25 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.7%).
Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$3.02 (down from NT$4.81 in 2Q 2022). Revenue: NT$22.5b (down 1.2% from 2Q 2022). Net income: NT$1.18b (down 34% from 2Q 2022). Profit margin: 5.3% (down from 7.9% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 05Price target increased by 7.3% to NT$235Up from NT$219, the current price target is an average from 10 analysts. New target price is 6.8% above last closing price of NT$220. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$9.81 for next year compared to NT$15.51 last year.
Price Target Changed • Jul 31Price target increased by 7.4% to NT$229Up from NT$214, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$232. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$15.51 last year.
お知らせ • Jul 29Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 20, 2023The Board of Directors of Giant Manufacturing Co., Ltd. announced cash dividends of TWD 7.8 per share. .Payment date of cash dividend distribution: September 20, 2023. Ex-dividend: August 25, 2023. Record date: September 02, 2023.
New Risk • Jun 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.5% increase in shares outstanding).
Major Estimate Revision • May 26Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$11.04 to NT$9.81 per share. Revenue forecast steady at NT$81.6b. Net income forecast to shrink 20% next year vs 16% growth forecast for Leisure industry in Taiwan . Consensus price target broadly unchanged at NT$211. Share price was steady at NT$200 over the past week.
Major Estimate Revision • May 11Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$81.4b to NT$77.9b. EPS estimate rose from NT$7.65 to NT$8.76. Net income forecast to shrink 40% next year vs 24% decline forecast for Leisure industry in Taiwan. Consensus price target reaffirmed at NT$213. Share price rose 5.5% to NT$193 over the past week.
Major Estimate Revision • Apr 14Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$11.12 to NT$7.65 per share. Revenue forecast steady at NT$81.4b. Net income forecast to shrink 49% next year vs 26% decline forecast for Leisure industry in Taiwan. Consensus price target broadly unchanged at NT$213. Share price rose 8.9% to NT$189 over the past week.
Reported Earnings • Mar 30Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$15.51 (down from NT$15.81 in FY 2021). Revenue: NT$92.0b (up 13% from FY 2021). Net income: NT$5.84b (down 1.5% from FY 2021). Profit margin: 6.3% (down from 7.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is expected to decline by 2.5% p.a. on average during the next 3 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 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 13Price target decreased by 9.8% to NT$217Down from NT$241, the current price target is an average from 11 analysts. New target price is 16% above last closing price of NT$187. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$17.77 for next year compared to NT$15.81 last year.
Buying Opportunity • Dec 13Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NT$269, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 8.8% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chaney Ho was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 09Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$5.35 (up from NT$3.42 in 3Q 2021). Revenue: NT$25.9b (up 30% from 3Q 2021). Net income: NT$2.01b (up 57% from 3Q 2021). Profit margin: 7.8% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Nov 07Price target decreased to NT$260Down from NT$282, the current price target is an average from 12 analysts. New target price is 22% above last closing price of NT$214. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$17.24 for next year compared to NT$15.81 last year.
Upcoming Dividend • Aug 12Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). In line with average of industry peers (4.2%).
Reported Earnings • Aug 11Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$4.80 (down from NT$4.93 in 2Q 2021). Revenue: NT$22.7b (up 6.4% from 2Q 2021). Net income: NT$1.80b (down 2.5% from 2Q 2021). Profit margin: 7.9% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.2%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$305, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.
Buying Opportunity • Jun 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.6%. The fair value is estimated to be NT$320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 18% in the next 2 years.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$4.86 (up from NT$4.54 in 1Q 2021). Revenue: NT$22.3b (up 8.0% from 1Q 2021). Net income: NT$1.82b (up 7.1% from 1Q 2021). Profit margin: 8.2% (down from 8.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.3%, compared to a 13% growth forecast for the 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 only increased by 2% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target decreased to NT$343Down from NT$392, the current price target is an average from 11 analysts. New target price is 43% above last closing price of NT$240. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$16.79 for next year compared to NT$15.81 last year.
Buying Opportunity • Apr 27Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be NT$309, 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 28%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 9.6% per annum over the same time period.
Reported Earnings • Mar 31Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$15.81 (up from NT$13.20 in FY 2020). Revenue: NT$81.8b (up 17% from FY 2020). Net income: NT$5.93b (up 20% from FY 2020). Profit margin: 7.2% (up from 7.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.1%, compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 31Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022.
Price Target Changed • Mar 28Price target decreased to NT$361Down from NT$398, the current price target is an average from 11 analysts. New target price is 44% above last closing price of NT$251. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$15.96 for next year compared to NT$13.19 last year.
お知らせ • Feb 25Giant Manufacturing Co., Ltd. Provides Revenue Guidance for the Year 2022Giant Manufacturing Co., Ltd. provided revenue guidance for the year 2022. The company expects annual sales revenue forecast to TWD 90 billion in 2022.