View ValuationUnited Alloy-Tech 将来の成長Future 基準チェック /26 United Alloy-Techは収益が増加すると予測されています。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長91.0%収益成長率24.7%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日07 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.02 (vs NT$0.50 in 1Q 2025)First quarter 2026 results: EPS: NT$0.02 (down from NT$0.50 in 1Q 2025). Revenue: NT$1.96b (up 6.4% from 1Q 2025). Net income: NT$3.53m (down 95% from 1Q 2025). Profit margin: 0.2% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 31%After last week's 31% share price gain to NT$95.90, the stock trades at a trailing P/E ratio of 57.5x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 93% over the past three years.Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 33%After last week's 33% share price gain to NT$83.90, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 23x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 68% over the past three years.New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.90, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 25% over the past three years.New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Paying a dividend despite having no free cash flows.New Risk • Mar 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).お知らせ • Mar 18United Alloy-Tech Company announced that it has received TWD 1.05 billion in fundingUnited Alloy-Tech Company announced a private placement to issue 21,000,000 shares at an issue price of TWD 50 for the proceeds of TWD 1,050,000,000 on March 17, 2026. The company has set the base date for the cash capital increase as March 17, 2026.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.70 (vs NT$0.54 in FY 2024)Full year 2025 results: EPS: NT$1.70 (up from NT$0.54 in FY 2024). Revenue: NT$7.70b (up 66% from FY 2024). Net income: NT$222.4m (up 217% from FY 2024). Profit margin: 2.9% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Mar 16United Alloy-Tech Company, Annual General Meeting, Jun 11, 2026United Alloy-Tech Company, Annual General Meeting, Jun 11, 2026. Location: 7 floor no,19 ln.146, hsin hu 2nd rd., neihu district, taipei city Taiwanお知らせ • Mar 05United Alloy-Tech Company has filed a Follow-on Equity Offering in the amount of TWD 89.25 million.United Alloy-Tech Company has filed a Follow-on Equity Offering in the amount of TWD 89.25 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,785,000 Price\Range: TWD 50Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$64.70, the stock trades at a trailing P/E ratio of 26.4x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 38% over the past three years.New Risk • Nov 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk High level of debt (80% net debt to equity).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.24 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.24 in 3Q 2024). Revenue: NT$1.94b (up 49% from 3Q 2024). Net income: NT$30.2m (down 5.0% from 3Q 2024). Profit margin: 1.6% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$62.40, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 46% over the past three years.New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$61.80, the stock trades at a trailing P/E ratio of 25.2x. Average forward P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 26% over the past three years.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.52 (vs NT$0.26 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.52 (up from NT$0.26 loss in 2Q 2024). Revenue: NT$1.81b (up 91% from 2Q 2024). Net income: NT$67.6m (up NT$101.2m from 2Q 2024). Profit margin: 3.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 07Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.64 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.64 loss in 1Q 2024). Revenue: NT$1.84b (up 166% from 1Q 2024). Net income: NT$65.1m (up NT$148.6m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30+ 1 more updateUnited Alloy-Tech Company to Report Q1, 2025 Results on May 12, 2025United Alloy-Tech Company announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$42.75, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 8.8% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.54 (vs NT$1.01 in FY 2023)Full year 2024 results: EPS: NT$0.54 (down from NT$1.01 in FY 2023). Revenue: NT$4.65b (up 30% from FY 2023). Net income: NT$70.3m (down 47% from FY 2023). Profit margin: 1.5% (down from 3.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 17United Alloy-Tech Company, Annual General Meeting, Jun 11, 2025United Alloy-Tech Company, Annual General Meeting, Jun 11, 2025. Location: 7 floor no,19 ln.146, hsin hu 2nd rd., neihu district, taipei city Taiwanお知らせ • Mar 04United Alloy-Tech Company Announces Resignation of Institutional Director, Yan ZhenhuiUnited Alloy-Tech Company announced the resignation of Yan Zhenhui, who served as the representative of CHEERPLAN (HK) LIMITED and the Legal Representative of the Corporate Director. The resignation is effective as of March 3, 2025. The reason for the resignation is cited as career planning. Yan Zhenhui's original term was from June 7, 2024, to June 6, 2027. The company received the resignation letter on March 3, 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.60 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.24 (down from NT$0.60 in 3Q 2023). Revenue: NT$1.30b (up 62% from 3Q 2023). Net income: NT$31.8m (down 59% from 3Q 2023). Profit margin: 2.4% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.お知らせ • Nov 05United Alloy-Tech Company to Report Q3, 2024 Results on Nov 12, 2024United Alloy-Tech Company announced that they will report Q3, 2024 results on Nov 12, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.26 loss per share (vs NT$0.22 profit in 2Q 2023)Second quarter 2024 results: NT$0.26 loss per share (down from NT$0.22 profit in 2Q 2023). Revenue: NT$949.7m (up 15% from 2Q 2023). Net loss: NT$33.5m (down 216% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$27.20, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 49% over the past three years.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Aug 03United Alloy-Tech Company to Report Q2, 2024 Results on Aug 12, 2024United Alloy-Tech Company announced that they will report Q2, 2024 results on Aug 12, 2024Reported Earnings • May 19First quarter 2024 earnings released: NT$0.64 loss per share (vs NT$0.064 loss in 1Q 2023)First quarter 2024 results: NT$0.64 loss per share (further deteriorated from NT$0.064 loss in 1Q 2023). Revenue: NT$691.9m (down 19% from 1Q 2023). Net loss: NT$83.5m (loss widened NT$75.1m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • May 03United Alloy-Tech Company to Report Q1, 2024 Results on May 13, 2024United Alloy-Tech Company announced that they will report Q1, 2024 results on May 13, 2024お知らせ • Apr 04United Alloy-Tech Company Announces Resignation of Chang,Chun-Cheng as Corporate Governance OfficerUnited Alloy-Tech Company announced resignation of CHANG, CHUN-CHENG as corporate governance officer. Reason for the change is Career planning. Effective date is March 28, 2024.Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$1.01 (vs NT$1.86 loss in FY 2022)Full year 2023 results: EPS: NT$1.01 (up from NT$1.86 loss in FY 2022). Revenue: NT$3.59b (up 48% from FY 2022). Net income: NT$131.4m (up NT$342.7m from FY 2022). Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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 5% per year, which means it has not declined as severely as earnings.お知らせ • Mar 16United Alloy-Tech Company, Annual General Meeting, Jun 07, 2024United Alloy-Tech Company, Annual General Meeting, Jun 07, 2024.New Risk • Dec 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (41% accrual ratio).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.60 (vs NT$0.94 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$0.60 (up from NT$0.94 loss in 3Q 2022). Revenue: NT$803.5m (up 28% from 3Q 2022). Net income: NT$78.1m (up NT$180.6m from 3Q 2022). Profit margin: 9.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 2.7% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-NT$1.9b free cash flow). Earnings have declined by 2.7% per year over the past 5 years.New Risk • Oct 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NT$1.9b free cash flow). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding).Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$0.22 (vs NT$0.49 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.22 (up from NT$0.49 loss in 2Q 2022). Revenue: NT$829.0m (up 57% from 2Q 2022). Net income: NT$29.0m (up NT$82.2m from 2Q 2022). Profit margin: 3.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.お知らせ • Aug 12United Alloy-Tech Company Appoints Huang, Houkai as Chief Information Security OfficerUnited Alloy-Tech Company announced the appointment of Huang, Houkai as Chief Information Security Officer, effective from August 11, 2023.Reported Earnings • Mar 31Full year 2022 earnings released: NT$1.86 loss per share (vs NT$0.82 profit in FY 2021)Full year 2022 results: NT$1.86 loss per share (down from NT$0.82 profit in FY 2021). Revenue: NT$2.43b (up 81% from FY 2021). Net loss: NT$211.3m (down 362% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: NT$0.94 loss per share (vs NT$0.048 loss in 3Q 2021)Third quarter 2022 results: NT$0.94 loss per share (further deteriorated from NT$0.048 loss in 3Q 2021). Revenue: NT$625.1m (up 102% from 3Q 2021). Net loss: NT$102.5m (loss widened NT$98.8m from 3Q 2021). Revenue is forecast to grow 74% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Joseph Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Nov 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be NT$51.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Sep 28Now 23% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be NT$57.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.49 loss per share (vs NT$0.31 profit in 2Q 2021)Second quarter 2022 results: NT$0.49 loss per share (down from NT$0.31 profit in 2Q 2021). Revenue: NT$526.5m (up 49% from 2Q 2021). Net loss: NT$53.1m (down 325% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: NT$0.31 loss per share (vs NT$0.29 profit in 1Q 2021)First quarter 2022 results: NT$0.31 loss per share (down from NT$0.29 profit in 1Q 2021). Revenue: NT$350.2m (up 26% from 1Q 2021). Net loss: NT$34.4m (down 255% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less 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. 4 non-independent directors. Independent Director Joseph Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: NT$0.82 (vs NT$0.12 in FY 2020)Full year 2021 results: EPS: NT$0.82 (up from NT$0.12 in FY 2020). Revenue: NT$1.35b (up 54% from FY 2020). Net income: NT$80.6m (up NT$71.3m from FY 2020). Profit margin: 6.0% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 17Third quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.053 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$309.6m (up 56% from 3Q 2020). Net loss: NT$3.70m (loss narrowed 8.4% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$56.80, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 45% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.28 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$354.0m (up 139% from 2Q 2020). Net income: NT$23.6m (up NT$44.8m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Executive Departure • Aug 18CFO & Accounting Officer Chin Yang Lu has left the companyDuring their tenure, the company went from making losses to turning a profit. We don't have any record of a personal shareholding under Chin Yang's name. Chin Yang is the only executive to leave the company over the last 12 months.Reported Earnings • May 18First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.027 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$277.9m (up 46% from 1Q 2020). Net income: NT$22.2m (up NT$25.7m from 1Q 2020). Profit margin: 8.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.分析記事 • Apr 20The Return Trends At United Alloy-Tech (GTSM:3162) Look PromisingIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$0.07 (vs NT$0.62 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$874.2m (up 4.6% from FY 2019). Net income: NT$9.28m (up NT$87.9m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 19United Alloy-Tech Company, Annual General Meeting, Jun 07, 2021United Alloy-Tech Company, Annual General Meeting, Jun 07, 2021. Location: 1F, 399 Ruey Kuang Road, Neihu Taipei 114 west multifunctional room Liberty Square Convention Center Neihu Taiwan Agenda: To consider 2020 operation results; to consider Audit Committee's review opinions on 2020 annual final accounting books and statements; to consider adoption of the 2020 annual final accounting books and statements; to consider adoption of the 2020 Deficit Compensation; to consider discussion of the Amendments to the Shareholders' Meeting Rules and Procedures; to consider discussion of issue Employee restricted stock; to elect Directors of the Company; and to remove non-competition restrictions on Directors.Is New 90 Day High Low • Feb 25New 90-day high: NT$20.65The company is up 21% from its price of NT$17.10 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period.分析記事 • Feb 07Health Check: How Prudently Does United Alloy-Tech (GTSM:3162) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 04New 90-day low: NT$16.10The company is down 16% from its price of NT$19.25 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 24% over the same period.分析記事 • Dec 16Investors Who Bought United Alloy-Tech (GTSM:3162) Shares Five Years Ago Are Now Up 209%The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company...Reported Earnings • Nov 16Third quarter 2020 earnings released: NT$0.03 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$197.9m (down 15% from 3Q 2019). Net loss: NT$4.04m (loss narrowed 79% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 14New 90-day high: NT$19.35The company is up 100% from its price of NT$9.69 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day high: NT$13.25The company is up 37% from its price of NT$9.70 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.業績と収益の成長予測TPEX:3162 - 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12/31/202712,198N/AN/A441112/31/202610,105N/AN/A-6713/31/20267,816161-441922N/A12/31/20257,699222-424983N/A9/30/20257,2963184421,097N/A6/30/20256,659320158875N/A3/31/20255,800219-94420N/A12/31/20244,65370-426148N/A9/30/20244,054-53-614-96N/A6/30/20243,553-6-55912N/A3/31/20243,43356-486435N/A12/31/20233,593131-557105N/A9/30/20233,41577-1,341-314N/A6/30/20233,237-103-1,902-725N/A3/31/20232,934-185-2,383-1,227N/A12/31/20222,432-211-3,143-701N/A9/30/20221,905-152-2,429-326N/A6/30/20221,590-53-1,80583N/A3/31/20221,41724-1,273235N/A12/31/20211,34581-15376N/A9/30/20211,27980-14229N/A6/30/20211,16880-13450N/A3/31/202196235-8257N/A12/31/20208749-13108N/A9/30/2020763-538396N/A6/30/2020798-68-9-1N/A3/31/2020831-66222N/A12/31/2019836-79N/A-23N/A9/30/2019769-102N/A9N/A6/30/2019731-94N/A9N/A3/31/2019704-71N/A-25N/A12/31/2018645-63N/A-28N/A9/30/2018651-129N/A-49N/A6/30/2018607-118N/A-10N/A3/31/2018585-120N/A24N/A12/31/2017579-141N/A36N/A9/30/2017570-94N/A51N/A6/30/2017587-180N/A57N/A3/31/2017625-197N/A47N/A12/31/2016651-186N/A41N/A9/30/2016681-123N/A15N/A6/30/2016699-31N/A14N/A3/31/2016736-18N/A10N/A12/31/2015791-8N/A57N/A9/30/2015794-6N/A78N/A6/30/2015828-11N/A56N/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: 3162の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 3162の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 3162の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 3162の収益 ( 24.7% ) TW市場 ( 19.1% ) よりも速いペースで成長すると予測されています。高い収益成長: 3162の収益 ( 24.7% ) 20%よりも速いペースで成長すると予測されています。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: 3162の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 17:54終値2026/05/27 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United Alloy-Tech Company 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Zhizhong ChenCapital Securities CorporationJianzhang SuMasterlink Securities Investment AdvisoryLiangyu KoMasterlink Securities Investment Advisory
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.02 (vs NT$0.50 in 1Q 2025)First quarter 2026 results: EPS: NT$0.02 (down from NT$0.50 in 1Q 2025). Revenue: NT$1.96b (up 6.4% from 1Q 2025). Net income: NT$3.53m (down 95% from 1Q 2025). Profit margin: 0.2% (down from 3.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 31%After last week's 31% share price gain to NT$95.90, the stock trades at a trailing P/E ratio of 57.5x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 93% over the past three years.
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 33%After last week's 33% share price gain to NT$83.90, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 23x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 68% over the past three years.
New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.90, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 25% over the past three years.
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Mar 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
お知らせ • Mar 18United Alloy-Tech Company announced that it has received TWD 1.05 billion in fundingUnited Alloy-Tech Company announced a private placement to issue 21,000,000 shares at an issue price of TWD 50 for the proceeds of TWD 1,050,000,000 on March 17, 2026. The company has set the base date for the cash capital increase as March 17, 2026.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.70 (vs NT$0.54 in FY 2024)Full year 2025 results: EPS: NT$1.70 (up from NT$0.54 in FY 2024). Revenue: NT$7.70b (up 66% from FY 2024). Net income: NT$222.4m (up 217% from FY 2024). Profit margin: 2.9% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Mar 16United Alloy-Tech Company, Annual General Meeting, Jun 11, 2026United Alloy-Tech Company, Annual General Meeting, Jun 11, 2026. Location: 7 floor no,19 ln.146, hsin hu 2nd rd., neihu district, taipei city Taiwan
お知らせ • Mar 05United Alloy-Tech Company has filed a Follow-on Equity Offering in the amount of TWD 89.25 million.United Alloy-Tech Company has filed a Follow-on Equity Offering in the amount of TWD 89.25 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,785,000 Price\Range: TWD 50
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$64.70, the stock trades at a trailing P/E ratio of 26.4x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 38% over the past three years.
New Risk • Nov 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk High level of debt (80% net debt to equity).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.24 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.24 in 3Q 2024). Revenue: NT$1.94b (up 49% from 3Q 2024). Net income: NT$30.2m (down 5.0% from 3Q 2024). Profit margin: 1.6% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$62.40, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 46% over the past three years.
New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$61.80, the stock trades at a trailing P/E ratio of 25.2x. Average forward P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 26% over the past three years.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.52 (vs NT$0.26 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.52 (up from NT$0.26 loss in 2Q 2024). Revenue: NT$1.81b (up 91% from 2Q 2024). Net income: NT$67.6m (up NT$101.2m from 2Q 2024). Profit margin: 3.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 07Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.64 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.64 loss in 1Q 2024). Revenue: NT$1.84b (up 166% from 1Q 2024). Net income: NT$65.1m (up NT$148.6m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30+ 1 more updateUnited Alloy-Tech Company to Report Q1, 2025 Results on May 12, 2025United Alloy-Tech Company announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$42.75, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 8.8% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.54 (vs NT$1.01 in FY 2023)Full year 2024 results: EPS: NT$0.54 (down from NT$1.01 in FY 2023). Revenue: NT$4.65b (up 30% from FY 2023). Net income: NT$70.3m (down 47% from FY 2023). Profit margin: 1.5% (down from 3.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 17United Alloy-Tech Company, Annual General Meeting, Jun 11, 2025United Alloy-Tech Company, Annual General Meeting, Jun 11, 2025. Location: 7 floor no,19 ln.146, hsin hu 2nd rd., neihu district, taipei city Taiwan
お知らせ • Mar 04United Alloy-Tech Company Announces Resignation of Institutional Director, Yan ZhenhuiUnited Alloy-Tech Company announced the resignation of Yan Zhenhui, who served as the representative of CHEERPLAN (HK) LIMITED and the Legal Representative of the Corporate Director. The resignation is effective as of March 3, 2025. The reason for the resignation is cited as career planning. Yan Zhenhui's original term was from June 7, 2024, to June 6, 2027. The company received the resignation letter on March 3, 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.60 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.24 (down from NT$0.60 in 3Q 2023). Revenue: NT$1.30b (up 62% from 3Q 2023). Net income: NT$31.8m (down 59% from 3Q 2023). Profit margin: 2.4% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.
お知らせ • Nov 05United Alloy-Tech Company to Report Q3, 2024 Results on Nov 12, 2024United Alloy-Tech Company announced that they will report Q3, 2024 results on Nov 12, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.26 loss per share (vs NT$0.22 profit in 2Q 2023)Second quarter 2024 results: NT$0.26 loss per share (down from NT$0.22 profit in 2Q 2023). Revenue: NT$949.7m (up 15% from 2Q 2023). Net loss: NT$33.5m (down 216% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$27.20, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 49% over the past three years.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Aug 03United Alloy-Tech Company to Report Q2, 2024 Results on Aug 12, 2024United Alloy-Tech Company announced that they will report Q2, 2024 results on Aug 12, 2024
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.64 loss per share (vs NT$0.064 loss in 1Q 2023)First quarter 2024 results: NT$0.64 loss per share (further deteriorated from NT$0.064 loss in 1Q 2023). Revenue: NT$691.9m (down 19% from 1Q 2023). Net loss: NT$83.5m (loss widened NT$75.1m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • May 03United Alloy-Tech Company to Report Q1, 2024 Results on May 13, 2024United Alloy-Tech Company announced that they will report Q1, 2024 results on May 13, 2024
お知らせ • Apr 04United Alloy-Tech Company Announces Resignation of Chang,Chun-Cheng as Corporate Governance OfficerUnited Alloy-Tech Company announced resignation of CHANG, CHUN-CHENG as corporate governance officer. Reason for the change is Career planning. Effective date is March 28, 2024.
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$1.01 (vs NT$1.86 loss in FY 2022)Full year 2023 results: EPS: NT$1.01 (up from NT$1.86 loss in FY 2022). Revenue: NT$3.59b (up 48% from FY 2022). Net income: NT$131.4m (up NT$342.7m from FY 2022). Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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 5% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 16United Alloy-Tech Company, Annual General Meeting, Jun 07, 2024United Alloy-Tech Company, Annual General Meeting, Jun 07, 2024.
New Risk • Dec 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (41% accrual ratio).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.60 (vs NT$0.94 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$0.60 (up from NT$0.94 loss in 3Q 2022). Revenue: NT$803.5m (up 28% from 3Q 2022). Net income: NT$78.1m (up NT$180.6m from 3Q 2022). Profit margin: 9.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 2.7% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-NT$1.9b free cash flow). Earnings have declined by 2.7% per year over the past 5 years.
New Risk • Oct 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NT$1.9b free cash flow). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding).
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: NT$0.22 (vs NT$0.49 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.22 (up from NT$0.49 loss in 2Q 2022). Revenue: NT$829.0m (up 57% from 2Q 2022). Net income: NT$29.0m (up NT$82.2m from 2Q 2022). Profit margin: 3.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
お知らせ • Aug 12United Alloy-Tech Company Appoints Huang, Houkai as Chief Information Security OfficerUnited Alloy-Tech Company announced the appointment of Huang, Houkai as Chief Information Security Officer, effective from August 11, 2023.
Reported Earnings • Mar 31Full year 2022 earnings released: NT$1.86 loss per share (vs NT$0.82 profit in FY 2021)Full year 2022 results: NT$1.86 loss per share (down from NT$0.82 profit in FY 2021). Revenue: NT$2.43b (up 81% from FY 2021). Net loss: NT$211.3m (down 362% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: NT$0.94 loss per share (vs NT$0.048 loss in 3Q 2021)Third quarter 2022 results: NT$0.94 loss per share (further deteriorated from NT$0.048 loss in 3Q 2021). Revenue: NT$625.1m (up 102% from 3Q 2021). Net loss: NT$102.5m (loss widened NT$98.8m from 3Q 2021). Revenue is forecast to grow 74% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Joseph Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Nov 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be NT$51.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Sep 28Now 23% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be NT$57.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.49 loss per share (vs NT$0.31 profit in 2Q 2021)Second quarter 2022 results: NT$0.49 loss per share (down from NT$0.31 profit in 2Q 2021). Revenue: NT$526.5m (up 49% from 2Q 2021). Net loss: NT$53.1m (down 325% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: NT$0.31 loss per share (vs NT$0.29 profit in 1Q 2021)First quarter 2022 results: NT$0.31 loss per share (down from NT$0.29 profit in 1Q 2021). Revenue: NT$350.2m (up 26% from 1Q 2021). Net loss: NT$34.4m (down 255% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less 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. 4 non-independent directors. Independent Director Joseph Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: NT$0.82 (vs NT$0.12 in FY 2020)Full year 2021 results: EPS: NT$0.82 (up from NT$0.12 in FY 2020). Revenue: NT$1.35b (up 54% from FY 2020). Net income: NT$80.6m (up NT$71.3m from FY 2020). Profit margin: 6.0% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 17Third quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.053 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$309.6m (up 56% from 3Q 2020). Net loss: NT$3.70m (loss narrowed 8.4% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$56.80, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.28 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$354.0m (up 139% from 2Q 2020). Net income: NT$23.6m (up NT$44.8m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Executive Departure • Aug 18CFO & Accounting Officer Chin Yang Lu has left the companyDuring their tenure, the company went from making losses to turning a profit. We don't have any record of a personal shareholding under Chin Yang's name. Chin Yang is the only executive to leave the company over the last 12 months.
Reported Earnings • May 18First quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.027 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$277.9m (up 46% from 1Q 2020). Net income: NT$22.2m (up NT$25.7m from 1Q 2020). Profit margin: 8.0% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
分析記事 • Apr 20The Return Trends At United Alloy-Tech (GTSM:3162) Look PromisingIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$0.07 (vs NT$0.62 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$874.2m (up 4.6% from FY 2019). Net income: NT$9.28m (up NT$87.9m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 19United Alloy-Tech Company, Annual General Meeting, Jun 07, 2021United Alloy-Tech Company, Annual General Meeting, Jun 07, 2021. Location: 1F, 399 Ruey Kuang Road, Neihu Taipei 114 west multifunctional room Liberty Square Convention Center Neihu Taiwan Agenda: To consider 2020 operation results; to consider Audit Committee's review opinions on 2020 annual final accounting books and statements; to consider adoption of the 2020 annual final accounting books and statements; to consider adoption of the 2020 Deficit Compensation; to consider discussion of the Amendments to the Shareholders' Meeting Rules and Procedures; to consider discussion of issue Employee restricted stock; to elect Directors of the Company; and to remove non-competition restrictions on Directors.
Is New 90 Day High Low • Feb 25New 90-day high: NT$20.65The company is up 21% from its price of NT$17.10 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period.
分析記事 • Feb 07Health Check: How Prudently Does United Alloy-Tech (GTSM:3162) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 04New 90-day low: NT$16.10The company is down 16% from its price of NT$19.25 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 24% over the same period.
分析記事 • Dec 16Investors Who Bought United Alloy-Tech (GTSM:3162) Shares Five Years Ago Are Now Up 209%The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company...
Reported Earnings • Nov 16Third quarter 2020 earnings released: NT$0.03 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$197.9m (down 15% from 3Q 2019). Net loss: NT$4.04m (loss narrowed 79% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 14New 90-day high: NT$19.35The company is up 100% from its price of NT$9.69 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day high: NT$13.25The company is up 37% from its price of NT$9.70 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.