View ValuationMayer Steel Pipe 将来の成長Future 基準チェック /06現在、 Mayer Steel Pipeの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長89.6%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a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$0.40 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.40 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.02b (down 6.5% from 1Q 2025). Net income: NT$107.2m (down 32% from 1Q 2025). Profit margin: 11% (down from 14% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 09Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 08 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.9%).Reported Earnings • Mar 15Full year 2025 earnings released: EPS: NT$2.13 (vs NT$3.09 in FY 2024)Full year 2025 results: EPS: NT$2.13 (down from NT$3.09 in FY 2024). Revenue: NT$4.74b (down 9.5% from FY 2024). Net income: NT$568.3m (down 31% from FY 2024). Profit margin: 12% (down from 16% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.お知らせ • Mar 13Mayer Steel Pipe Corporation, Annual General Meeting, Jun 18, 2026Mayer Steel Pipe Corporation, Annual General Meeting, Jun 18, 2026. Location: no,83, shih min ta tao, jhongshan district, taipei city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.59 (vs NT$0.72 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.59 (down from NT$0.72 in 3Q 2024). Revenue: NT$1.60b (up 29% from 3Q 2024). Net income: NT$156.6m (down 18% from 3Q 2024). Profit margin: 9.8% (down from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.69 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.48 (down from NT$0.69 in 2Q 2024). Revenue: NT$1.05b (down 26% from 2Q 2024). Net income: NT$129.4m (down 30% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). 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 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.80, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 32% over the past three years.Upcoming Dividend • Jun 04Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 11 June 2025. Payment date: 04 July 2025. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).お知らせ • May 29Mayer Steel Pipe Corporation Approves Election of Gwu Sheng-Da as Independent DirectorMayer Steel Pipe Corporation announced that at its shareholders meeting held on May 28, 2025, shareholders approved the election of GWU SHENG-DA as independent director.New Risk • May 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% The company is paying a dividend despite having no free cash flows. Dividend yield: 7.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.59 (vs NT$1.44 in 1Q 2024)First quarter 2025 results: EPS: NT$0.59 (down from NT$1.44 in 1Q 2024). Revenue: NT$1.09b (down 23% from 1Q 2024). Net income: NT$157.3m (down 59% from 1Q 2024). Profit margin: 14% (down from 27% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • May 01Mayer Steel Pipe Corporation to Report Q1, 2025 Results on May 12, 2025Mayer Steel Pipe Corporation announced that they will report Q1, 2025 results on May 12, 2025Declared Dividend • Apr 19Dividend of NT$2.20 announcedShareholders will receive a dividend of NT$2.20. Ex-date: 11th June 2025 Payment date: 4th July 2025 Dividend yield will be 8.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 18Mayer Steel Pipe Corporation Announces Cash Dividend, Payable on July 4, 2025Mayer Steel Pipe Corporation announced cash dividend is TWD 2.2 per share. The total cash dividend distribution amounted to TWD 587,468,904. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: April 17, 2025. Ex-rights (ex-dividend) trading date: June 11, 2025; Last date before book closure: June 12, 2025; Book closure starting date: June 13, 2025; Book closure ending date: June 17, 2025; Ex-rights (ex-dividend) record date: June 17, 2025; Payment date of common stock cash dividend distribution: July 4, 2025.Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to NT$21.90. The fair value is estimated to be NT$27.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has grown by 34%.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.55, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 5.5% over the past three years.Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.09 (vs NT$4.00 in FY 2023)Full year 2024 results: EPS: NT$3.09 (down from NT$4.00 in FY 2023). Revenue: NT$5.24b (down 25% from FY 2023). Net income: NT$826.1m (down 23% from FY 2023). Profit margin: 16% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 14Mayer Steel Pipe Corporation, Annual General Meeting, May 28, 2025Mayer Steel Pipe Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,83, shih min ta tao, jhongshan district, taipei city Taiwanお知らせ • Mar 05Mayer Steel Pipe Corporation to Report Q4, 2024 Results on Mar 12, 2025Mayer Steel Pipe Corporation announced that they will report Q4, 2024 results on Mar 12, 2025分析記事 • Nov 20Mayer Steel Pipe's (TWSE:2020) Profits May Not Reveal Underlying IssuesMayer Steel Pipe Corporation's ( TWSE:2020 ) healthy profit numbers didn't contain any surprises for investors. We...Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.20 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.72 (down from NT$1.20 in 3Q 2023). Revenue: NT$1.23b (down 32% from 3Q 2023). Net income: NT$191.1m (down 41% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.57 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.69 (up from NT$0.57 in 2Q 2023). Revenue: NT$1.42b (down 32% from 2Q 2023). Net income: NT$185.1m (up 21% from 2Q 2023). Profit margin: 13% (up from 7.4% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 01Mayer Steel Pipe Corporation to Report Q2, 2024 Results on Aug 09, 2024Mayer Steel Pipe Corporation announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jun 05Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.72 (vs NT$0.75 in 1Q 2023)First quarter 2024 results: EPS: NT$1.72 (up from NT$0.75 in 1Q 2023). Revenue: NT$1.42b (down 14% from 1Q 2023). Net income: NT$383.7m (up 129% from 1Q 2023). Profit margin: 27% (up from 10% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.分析記事 • May 10Mayer Steel Pipe (TWSE:2020) Is Increasing Its Dividend To NT$2.00Mayer Steel Pipe Corporation ( TWSE:2020 ) will increase its dividend from last year's comparable payment on the 5th of...お知らせ • May 03Mayer Steel Pipe Corporation to Report Q1, 2024 Results on May 10, 2024Mayer Steel Pipe Corporation announced that they will report Q1, 2024 results on May 10, 2024分析記事 • Apr 26Mayer Steel Pipe (TWSE:2020) Has Announced That It Will Be Increasing Its Dividend To NT$2.00The board of Mayer Steel Pipe Corporation ( TWSE:2020 ) has announced that it will be paying its dividend of NT$2.00 on...分析記事 • Mar 21We Think That There Are Issues Underlying Mayer Steel Pipe's (TWSE:2020) EarningsMayer Steel Pipe Corporation ( TWSE:2020 ) announced strong profits, but the stock was stagnant. We did some digging...New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 121% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$4.80 (vs NT$1.20 in FY 2022)Full year 2023 results: EPS: NT$4.80 (up from NT$1.20 in FY 2022). Revenue: NT$7.01b (up 5.8% from FY 2022). Net income: NT$1.07b (up 301% from FY 2022). Profit margin: 15% (up from 4.0% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.分析記事 • Mar 15Mayer Steel Pipe (TWSE:2020) Will Pay A Larger Dividend Than Last Year At NT$2.00Mayer Steel Pipe Corporation's ( TWSE:2020 ) periodic dividend will be increasing on the 5th of July to NT$2.00, with...Declared Dividend • Mar 15Dividend increased to NT$2.00Dividend of NT$2.00 is 100% higher than last year. Ex-date: 12th June 2024 Payment date: 5th July 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 14+ 1 more updateMayer Steel Pipe Corporation, Annual General Meeting, Jun 07, 2024Mayer Steel Pipe Corporation, Annual General Meeting, Jun 07, 2024. Location: No. 83, Sec. 3, Civic Blvd., Zhongshan Dist., Taipei City Taipei Taiwan Agenda: To consider 2023 business report; to Audit Committee's review of the 2023 annual final accounting books and statements; to Report on 2023 employee's and director's remuneration ; to Report on 2023 Earnings Distribution & Cash dividend; to Acknowledgment of the 2023 annual final accounting books and statements ; to Acknowledgment of the 2023 Earnings Distribution; and to consider other matters if any.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.45 (vs NT$0.17 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$1.45 (up from NT$0.17 loss in 3Q 2022). Revenue: NT$1.82b (up 10% from 3Q 2022). Net income: NT$321.6m (up NT$358.9m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$29.50, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 120% over the past three years.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.69 (vs NT$0.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.69 (up from NT$0.25 in 2Q 2022). Revenue: NT$2.09b (up 24% from 2Q 2022). Net income: NT$153.6m (up 174% from 2Q 2022). Profit margin: 7.4% (up from 3.3% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jun 08+ 1 more updateMayer Steel Pipe Corporation Appoints Chen,Shu-Tzy as Independent DirectorMayer Steel Pipe Corporation appointed CHEN,SHU-TZY as Independent director. Effective date of the new appointment is June 6, 2023.Upcoming Dividend • Jun 06Upcoming dividend of NT$1.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 06 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%).Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$1.20 (vs NT$3.52 in FY 2021)Full year 2022 results: EPS: NT$1.20 (down from NT$3.52 in FY 2021). Revenue: NT$6.62b (up 1.0% from FY 2021). Net income: NT$266.6m (down 66% from FY 2021). Profit margin: 4.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of 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 an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Chih-Wei Chang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: NT$0.17 loss per share (vs NT$0.87 profit in 3Q 2021)Third quarter 2022 results: NT$0.17 loss per share (down from NT$0.87 profit in 3Q 2021). Revenue: NT$1.65b (down 12% from 3Q 2021). Net loss: NT$37.4m (down 119% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.お知らせ • Oct 22Mayer Steel Pipe Corporation Appoints Chen,Shu-Tzy as Member of the Fifth Remuneration CommitteeMayer Steel Pipe Corporation board of directors appointed Chen,Shu-Tzy as member of the fifth Remuneration committee of the company. Resume of the new position holder: HSIN-YEH CPAS & ATTORNEYS Partner accountant. Effective date of the new member is October 20, 2022.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.78 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.25 (down from NT$0.78 in 2Q 2021). Revenue: NT$1.68b (flat on 2Q 2021). Net income: NT$56.0m (down 68% from 2Q 2021). Profit margin: 3.3% (down from 10% in 2Q 2021). 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 17% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 22+ 1 more updateMayer Steel Pipe Corporation Announces Resignation of Jui-Hsiang Huang as Independent Director of the Company, Date of Change Is July 21, 2022Mayer Steel Pipe Corporation announced resignation of Jui-Hsiang Huang as Independent director of the company due to busy personal business, date of change is JUly 21, 2022.お知らせ • Jul 02Mayer Steel Pipe Corporation Announces Members of the Company's 5th Remuneration CommitteeMayer Steel Pipe Corporation announced members of the Company's 5th Remuneration Committee. Name of the previous position holder: Huang-Chi Liu, Zhi-Ling CHEN, Qing-Quan Luo. Resume of the previous position holder: Huang-Chi Liu/Mayer Steel Pipe Corporation independent directors; Zhi-Ling CHEN/Mayer Steel Pipe Corporation independent directors; Qing-Quan Luo/Mayer Steel Pipe Corporation independent directors. Name of the new position holder: Huang-Chi Liu; Jui-Hsiang Huang; Chih-Wei Chang. Resume of the new position holder: Huang-Chi Liu/Mayer Steel Pipe Corporation independent directors, Jui-Hsiang Huang/General Manager of Feida Enterprise Management Huiwen Co. Ltd., Chih-Wei Chang/Chairman of Youwei Information Co. Ltd. .Effective date of the new member is July 1, 2022. The term of the Remuneration Committee is the same as the term of the appointed Board of Directors.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$26.85, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 127% over the past three years.お知らせ • Jun 15+ 2 more updatesMayer Steel Pipe Corporation Announces the List of Persons Elected At the AGMMayer Steel Pipe Corporation announced the list of persons elected at the AGM as follows: Chun-Fa Huang. Chun-Chao Huang. Hsiu-Mei Huang. Yung-Chieh Huang. Ta-Teng Cheng. Yung-Fen Lin. Newly-elected independent directors: Huang-Chi Liu. Jui-Hsiang Huang . Chih-Wei Chang.Upcoming Dividend • Jun 09Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.3%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (7.4%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.81 (vs NT$1.47 in 1Q 2021)First quarter 2022 results: EPS: NT$0.81 (down from NT$1.47 in 1Q 2021). Revenue: NT$1.61b (up 18% from 1Q 2021). Net income: NT$180.1m (down 45% from 1Q 2021). Profit margin: 11% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huang-Chi Liu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 24Mayer Steel Pipe Corporation Announces Cash Dividends, Payable on July 8, 2022Mayer Steel Pipe Corporation announced cash dividends of TWD 667,578,300 (TWD 3.00 per share) of common stock. Ex-rights (ex-dividend) record date is June 24, 2022. Ex-rights (ex-dividend) trading date is June 16, 2022. Cash dividend distribution date is July 8, 2022.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.76 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$1.87b (up 41% from 3Q 2020). Net income: NT$192.8m (up 15% from 3Q 2020). Profit margin: 10% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.78 (vs NT$0.59 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$1.67b (up 40% from 2Q 2020). Net income: NT$173.6m (up 32% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$40.30, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 257% over the past three years.Upcoming Dividend • Jun 03Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 10 June 2021. Payment date: 07 July 2021. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.5%).Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$33.75, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 182% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.023 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$1.36b (up 8.7% from 1Q 2020). Net income: NT$327.6m (up NT$332.6m from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$27.90, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 31x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 124% over the past three years.分析記事 • Apr 08We Think Mayer Steel Pipe (TPE:2020) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$1.76 (vs NT$1.96 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$5.07b (up 13% from FY 2019). Net income: NT$392.6m (down 10% from FY 2019). Profit margin: 7.7% (down from 9.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 24How Does Mayer Steel Pipe Corporation (TPE:2020) Fare As A Dividend Stock?Today we'll take a closer look at Mayer Steel Pipe Corporation ( TPE:2020 ) from a dividend investor's perspective...分析記事 • Mar 03Calculating The Intrinsic Value Of Mayer Steel Pipe Corporation (TPE:2020)Today we will run through one way of estimating the intrinsic value of Mayer Steel Pipe Corporation ( TPE:2020 ) by...Is New 90 Day High Low • Feb 23New 90-day high: NT$20.25The company is up 17% from its price of NT$17.35 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 11% over the same period.分析記事 • Feb 16Is Mayer Steel Pipe Corporation's (TPE:2020) Recent Stock Performance Influenced By Its Financials In Any Way?Mayer Steel Pipe's (TPE:2020) stock up by 9.7% over the past three months. As most would know, long-term fundamentals...分析記事 • Feb 01Will The ROCE Trend At Mayer Steel Pipe (TPE:2020) Continue?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Jan 19Did You Participate In Any Of Mayer Steel Pipe's (TPE:2020) Fantastic 111% Return ?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...分析記事 • Jan 06Is Mayer Steel Pipe (TPE:2020) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Dec 30New 90-day high: NT$19.60The company is up 23% from its price of NT$16.00 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 24% over the same period.分析記事 • Dec 24Is Mayer Steel Pipe Corporation (TPE:2020) A Risky Dividend Stock?Is Mayer Steel Pipe Corporation ( TPE:2020 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Dec 11We're Not Counting On Mayer Steel Pipe (TPE:2020) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Dec 09New 90-day high: NT$18.10The company is up 9.0% from its price of NT$16.55 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period.分析記事 • Nov 28Estimating The Fair Value Of Mayer Steel Pipe Corporation (TPE:2020)Does the November share price for Mayer Steel Pipe Corporation (TPE:2020) reflect what it's really worth? Today, we...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.75The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.33b (up 19% from 3Q 2019). Net income: NT$168.0m (up 102% from 3Q 2019). Profit margin: 13% (up from 7.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Mayer Steel Pipe は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TWSE:2020 - 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3/31/20264,672518-493-280N/A12/31/20254,744568-433-305N/A9/30/20254,902509-992-839N/A6/30/20254,539544-1,383-1,266N/A3/31/20254,91160012110N/A12/31/20245,242826-316-197N/A9/30/20245,5281,185257365N/A6/30/20246,1131,315626739N/A3/31/20246,7801,2841,2551,379N/A12/31/20237,0091,0681,3761,500N/A9/30/20237,2417111,3341,446N/A6/30/20237,0733521,2051,342N/A3/31/20236,6642549101,034N/A12/31/20226,6242671,0411,135N/A9/30/20226,595288683795N/A6/30/20226,814518446542N/A3/31/20226,806635-1378N/A12/31/20216,55978380176N/A9/30/20216,202792319387N/A6/30/20215,659767166217N/A3/31/20215,182725336392N/A12/31/20205,074393-91-48N/A9/30/20204,821369-121-46N/A6/30/20204,608284-10980N/A3/31/20204,383200160354N/A12/31/20194,483437N/A617N/A9/30/20194,621355N/A535N/A6/30/20194,635359N/A879N/A3/31/20194,904428N/A444N/A12/31/20184,736301N/A376N/A9/30/20184,694380N/A460N/A6/30/20184,930360N/A-11N/A3/31/20184,847323N/A287N/A12/31/20174,867341N/A213N/A9/30/20174,920351N/A136N/A6/30/20174,706399N/A390N/A3/31/20174,670437N/A307N/A12/31/20164,485392N/A556N/A9/30/20164,413366N/A556N/A6/30/20164,289-221N/A389N/A3/31/20164,349-309N/A336N/A12/31/20154,436-370N/A188N/A9/30/20154,695-443N/A183N/A6/30/20155,009116N/A280N/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: 2020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: 2020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: 2020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: 2020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。高い収益成長: 2020の収益が年間20%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。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: 2020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2026/06/04 21:16終値2026/06/04 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Mayer Steel Pipe Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.40 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.40 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.02b (down 6.5% from 1Q 2025). Net income: NT$107.2m (down 32% from 1Q 2025). Profit margin: 11% (down from 14% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 09Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 08 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.9%).
Reported Earnings • Mar 15Full year 2025 earnings released: EPS: NT$2.13 (vs NT$3.09 in FY 2024)Full year 2025 results: EPS: NT$2.13 (down from NT$3.09 in FY 2024). Revenue: NT$4.74b (down 9.5% from FY 2024). Net income: NT$568.3m (down 31% from FY 2024). Profit margin: 12% (down from 16% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Mar 13Mayer Steel Pipe Corporation, Annual General Meeting, Jun 18, 2026Mayer Steel Pipe Corporation, Annual General Meeting, Jun 18, 2026. Location: no,83, shih min ta tao, jhongshan district, taipei city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.59 (vs NT$0.72 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.59 (down from NT$0.72 in 3Q 2024). Revenue: NT$1.60b (up 29% from 3Q 2024). Net income: NT$156.6m (down 18% from 3Q 2024). Profit margin: 9.8% (down from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.69 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.48 (down from NT$0.69 in 2Q 2024). Revenue: NT$1.05b (down 26% from 2Q 2024). Net income: NT$129.4m (down 30% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). 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 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.80, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 32% over the past three years.
Upcoming Dividend • Jun 04Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 11 June 2025. Payment date: 04 July 2025. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
お知らせ • May 29Mayer Steel Pipe Corporation Approves Election of Gwu Sheng-Da as Independent DirectorMayer Steel Pipe Corporation announced that at its shareholders meeting held on May 28, 2025, shareholders approved the election of GWU SHENG-DA as independent director.
New Risk • May 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% The company is paying a dividend despite having no free cash flows. Dividend yield: 7.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.59 (vs NT$1.44 in 1Q 2024)First quarter 2025 results: EPS: NT$0.59 (down from NT$1.44 in 1Q 2024). Revenue: NT$1.09b (down 23% from 1Q 2024). Net income: NT$157.3m (down 59% from 1Q 2024). Profit margin: 14% (down from 27% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • May 01Mayer Steel Pipe Corporation to Report Q1, 2025 Results on May 12, 2025Mayer Steel Pipe Corporation announced that they will report Q1, 2025 results on May 12, 2025
Declared Dividend • Apr 19Dividend of NT$2.20 announcedShareholders will receive a dividend of NT$2.20. Ex-date: 11th June 2025 Payment date: 4th July 2025 Dividend yield will be 8.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 18Mayer Steel Pipe Corporation Announces Cash Dividend, Payable on July 4, 2025Mayer Steel Pipe Corporation announced cash dividend is TWD 2.2 per share. The total cash dividend distribution amounted to TWD 587,468,904. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: April 17, 2025. Ex-rights (ex-dividend) trading date: June 11, 2025; Last date before book closure: June 12, 2025; Book closure starting date: June 13, 2025; Book closure ending date: June 17, 2025; Ex-rights (ex-dividend) record date: June 17, 2025; Payment date of common stock cash dividend distribution: July 4, 2025.
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to NT$21.90. The fair value is estimated to be NT$27.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has grown by 34%.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$23.55, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 5.5% over the past three years.
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$3.09 (vs NT$4.00 in FY 2023)Full year 2024 results: EPS: NT$3.09 (down from NT$4.00 in FY 2023). Revenue: NT$5.24b (down 25% from FY 2023). Net income: NT$826.1m (down 23% from FY 2023). Profit margin: 16% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 14Mayer Steel Pipe Corporation, Annual General Meeting, May 28, 2025Mayer Steel Pipe Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,83, shih min ta tao, jhongshan district, taipei city Taiwan
お知らせ • Mar 05Mayer Steel Pipe Corporation to Report Q4, 2024 Results on Mar 12, 2025Mayer Steel Pipe Corporation announced that they will report Q4, 2024 results on Mar 12, 2025
分析記事 • Nov 20Mayer Steel Pipe's (TWSE:2020) Profits May Not Reveal Underlying IssuesMayer Steel Pipe Corporation's ( TWSE:2020 ) healthy profit numbers didn't contain any surprises for investors. We...
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.20 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.72 (down from NT$1.20 in 3Q 2023). Revenue: NT$1.23b (down 32% from 3Q 2023). Net income: NT$191.1m (down 41% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: NT$0.69 (vs NT$0.57 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.69 (up from NT$0.57 in 2Q 2023). Revenue: NT$1.42b (down 32% from 2Q 2023). Net income: NT$185.1m (up 21% from 2Q 2023). Profit margin: 13% (up from 7.4% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 01Mayer Steel Pipe Corporation to Report Q2, 2024 Results on Aug 09, 2024Mayer Steel Pipe Corporation announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jun 05Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.72 (vs NT$0.75 in 1Q 2023)First quarter 2024 results: EPS: NT$1.72 (up from NT$0.75 in 1Q 2023). Revenue: NT$1.42b (down 14% from 1Q 2023). Net income: NT$383.7m (up 129% from 1Q 2023). Profit margin: 27% (up from 10% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
分析記事 • May 10Mayer Steel Pipe (TWSE:2020) Is Increasing Its Dividend To NT$2.00Mayer Steel Pipe Corporation ( TWSE:2020 ) will increase its dividend from last year's comparable payment on the 5th of...
お知らせ • May 03Mayer Steel Pipe Corporation to Report Q1, 2024 Results on May 10, 2024Mayer Steel Pipe Corporation announced that they will report Q1, 2024 results on May 10, 2024
分析記事 • Apr 26Mayer Steel Pipe (TWSE:2020) Has Announced That It Will Be Increasing Its Dividend To NT$2.00The board of Mayer Steel Pipe Corporation ( TWSE:2020 ) has announced that it will be paying its dividend of NT$2.00 on...
分析記事 • Mar 21We Think That There Are Issues Underlying Mayer Steel Pipe's (TWSE:2020) EarningsMayer Steel Pipe Corporation ( TWSE:2020 ) announced strong profits, but the stock was stagnant. We did some digging...
New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 121% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$4.80 (vs NT$1.20 in FY 2022)Full year 2023 results: EPS: NT$4.80 (up from NT$1.20 in FY 2022). Revenue: NT$7.01b (up 5.8% from FY 2022). Net income: NT$1.07b (up 301% from FY 2022). Profit margin: 15% (up from 4.0% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
分析記事 • Mar 15Mayer Steel Pipe (TWSE:2020) Will Pay A Larger Dividend Than Last Year At NT$2.00Mayer Steel Pipe Corporation's ( TWSE:2020 ) periodic dividend will be increasing on the 5th of July to NT$2.00, with...
Declared Dividend • Mar 15Dividend increased to NT$2.00Dividend of NT$2.00 is 100% higher than last year. Ex-date: 12th June 2024 Payment date: 5th July 2024 Dividend yield will be 5.5%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 14+ 1 more updateMayer Steel Pipe Corporation, Annual General Meeting, Jun 07, 2024Mayer Steel Pipe Corporation, Annual General Meeting, Jun 07, 2024. Location: No. 83, Sec. 3, Civic Blvd., Zhongshan Dist., Taipei City Taipei Taiwan Agenda: To consider 2023 business report; to Audit Committee's review of the 2023 annual final accounting books and statements; to Report on 2023 employee's and director's remuneration ; to Report on 2023 Earnings Distribution & Cash dividend; to Acknowledgment of the 2023 annual final accounting books and statements ; to Acknowledgment of the 2023 Earnings Distribution; and to consider other matters if any.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.45 (vs NT$0.17 loss in 3Q 2022)Third quarter 2023 results: EPS: NT$1.45 (up from NT$0.17 loss in 3Q 2022). Revenue: NT$1.82b (up 10% from 3Q 2022). Net income: NT$321.6m (up NT$358.9m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$29.50, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 120% over the past three years.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.69 (vs NT$0.25 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.69 (up from NT$0.25 in 2Q 2022). Revenue: NT$2.09b (up 24% from 2Q 2022). Net income: NT$153.6m (up 174% from 2Q 2022). Profit margin: 7.4% (up from 3.3% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jun 08+ 1 more updateMayer Steel Pipe Corporation Appoints Chen,Shu-Tzy as Independent DirectorMayer Steel Pipe Corporation appointed CHEN,SHU-TZY as Independent director. Effective date of the new appointment is June 6, 2023.
Upcoming Dividend • Jun 06Upcoming dividend of NT$1.00 per share at 4.1% yieldEligible shareholders must have bought the stock before 13 June 2023. Payment date: 06 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%).
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$1.20 (vs NT$3.52 in FY 2021)Full year 2022 results: EPS: NT$1.20 (down from NT$3.52 in FY 2021). Revenue: NT$6.62b (up 1.0% from FY 2021). Net income: NT$266.6m (down 66% from FY 2021). Profit margin: 4.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of 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 an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Chih-Wei Chang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: NT$0.17 loss per share (vs NT$0.87 profit in 3Q 2021)Third quarter 2022 results: NT$0.17 loss per share (down from NT$0.87 profit in 3Q 2021). Revenue: NT$1.65b (down 12% from 3Q 2021). Net loss: NT$37.4m (down 119% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.
お知らせ • Oct 22Mayer Steel Pipe Corporation Appoints Chen,Shu-Tzy as Member of the Fifth Remuneration CommitteeMayer Steel Pipe Corporation board of directors appointed Chen,Shu-Tzy as member of the fifth Remuneration committee of the company. Resume of the new position holder: HSIN-YEH CPAS & ATTORNEYS Partner accountant. Effective date of the new member is October 20, 2022.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.78 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.25 (down from NT$0.78 in 2Q 2021). Revenue: NT$1.68b (flat on 2Q 2021). Net income: NT$56.0m (down 68% from 2Q 2021). Profit margin: 3.3% (down from 10% in 2Q 2021). 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 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 22+ 1 more updateMayer Steel Pipe Corporation Announces Resignation of Jui-Hsiang Huang as Independent Director of the Company, Date of Change Is July 21, 2022Mayer Steel Pipe Corporation announced resignation of Jui-Hsiang Huang as Independent director of the company due to busy personal business, date of change is JUly 21, 2022.
お知らせ • Jul 02Mayer Steel Pipe Corporation Announces Members of the Company's 5th Remuneration CommitteeMayer Steel Pipe Corporation announced members of the Company's 5th Remuneration Committee. Name of the previous position holder: Huang-Chi Liu, Zhi-Ling CHEN, Qing-Quan Luo. Resume of the previous position holder: Huang-Chi Liu/Mayer Steel Pipe Corporation independent directors; Zhi-Ling CHEN/Mayer Steel Pipe Corporation independent directors; Qing-Quan Luo/Mayer Steel Pipe Corporation independent directors. Name of the new position holder: Huang-Chi Liu; Jui-Hsiang Huang; Chih-Wei Chang. Resume of the new position holder: Huang-Chi Liu/Mayer Steel Pipe Corporation independent directors, Jui-Hsiang Huang/General Manager of Feida Enterprise Management Huiwen Co. Ltd., Chih-Wei Chang/Chairman of Youwei Information Co. Ltd. .Effective date of the new member is July 1, 2022. The term of the Remuneration Committee is the same as the term of the appointed Board of Directors.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$26.85, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 127% over the past three years.
お知らせ • Jun 15+ 2 more updatesMayer Steel Pipe Corporation Announces the List of Persons Elected At the AGMMayer Steel Pipe Corporation announced the list of persons elected at the AGM as follows: Chun-Fa Huang. Chun-Chao Huang. Hsiu-Mei Huang. Yung-Chieh Huang. Ta-Teng Cheng. Yung-Fen Lin. Newly-elected independent directors: Huang-Chi Liu. Jui-Hsiang Huang . Chih-Wei Chang.
Upcoming Dividend • Jun 09Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.3%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (7.4%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.81 (vs NT$1.47 in 1Q 2021)First quarter 2022 results: EPS: NT$0.81 (down from NT$1.47 in 1Q 2021). Revenue: NT$1.61b (up 18% from 1Q 2021). Net income: NT$180.1m (down 45% from 1Q 2021). Profit margin: 11% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Huang-Chi Liu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 24Mayer Steel Pipe Corporation Announces Cash Dividends, Payable on July 8, 2022Mayer Steel Pipe Corporation announced cash dividends of TWD 667,578,300 (TWD 3.00 per share) of common stock. Ex-rights (ex-dividend) record date is June 24, 2022. Ex-rights (ex-dividend) trading date is June 16, 2022. Cash dividend distribution date is July 8, 2022.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.76 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$1.87b (up 41% from 3Q 2020). Net income: NT$192.8m (up 15% from 3Q 2020). Profit margin: 10% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.78 (vs NT$0.59 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$1.67b (up 40% from 2Q 2020). Net income: NT$173.6m (up 32% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 27% share price gain to NT$40.30, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 257% over the past three years.
Upcoming Dividend • Jun 03Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 10 June 2021. Payment date: 07 July 2021. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.5%).
Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$33.75, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 182% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.023 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$1.36b (up 8.7% from 1Q 2020). Net income: NT$327.6m (up NT$332.6m from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$27.90, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 31x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 124% over the past three years.
分析記事 • Apr 08We Think Mayer Steel Pipe (TPE:2020) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$1.76 (vs NT$1.96 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$5.07b (up 13% from FY 2019). Net income: NT$392.6m (down 10% from FY 2019). Profit margin: 7.7% (down from 9.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 24How Does Mayer Steel Pipe Corporation (TPE:2020) Fare As A Dividend Stock?Today we'll take a closer look at Mayer Steel Pipe Corporation ( TPE:2020 ) from a dividend investor's perspective...
分析記事 • Mar 03Calculating The Intrinsic Value Of Mayer Steel Pipe Corporation (TPE:2020)Today we will run through one way of estimating the intrinsic value of Mayer Steel Pipe Corporation ( TPE:2020 ) by...
Is New 90 Day High Low • Feb 23New 90-day high: NT$20.25The company is up 17% from its price of NT$17.35 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 11% over the same period.
分析記事 • Feb 16Is Mayer Steel Pipe Corporation's (TPE:2020) Recent Stock Performance Influenced By Its Financials In Any Way?Mayer Steel Pipe's (TPE:2020) stock up by 9.7% over the past three months. As most would know, long-term fundamentals...
分析記事 • Feb 01Will The ROCE Trend At Mayer Steel Pipe (TPE:2020) Continue?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Jan 19Did You Participate In Any Of Mayer Steel Pipe's (TPE:2020) Fantastic 111% Return ?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
分析記事 • Jan 06Is Mayer Steel Pipe (TPE:2020) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Dec 30New 90-day high: NT$19.60The company is up 23% from its price of NT$16.00 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 24% over the same period.
分析記事 • Dec 24Is Mayer Steel Pipe Corporation (TPE:2020) A Risky Dividend Stock?Is Mayer Steel Pipe Corporation ( TPE:2020 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Dec 11We're Not Counting On Mayer Steel Pipe (TPE:2020) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Dec 09New 90-day high: NT$18.10The company is up 9.0% from its price of NT$16.55 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period.
分析記事 • Nov 28Estimating The Fair Value Of Mayer Steel Pipe Corporation (TPE:2020)Does the November share price for Mayer Steel Pipe Corporation (TPE:2020) reflect what it's really worth? Today, we...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.75The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.33b (up 19% from 3Q 2019). Net income: NT$168.0m (up 102% from 3Q 2019). Profit margin: 13% (up from 7.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.