View ValuationYC InoxLtd 将来の成長Future 基準チェック /06 YC InoxLtd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88.9%収益成長率5.0%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15 May 2026今後の成長に関する最新情報Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.すべての更新を表示Recent updatesPrice Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.22 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.22 loss in FY 2024). Revenue: NT$12.5b (down 14% from FY 2024). Net income: NT$107.6m (up NT$211.1m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Mar 12YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,270, sec.4 chung shan rd., sijhou township, changhua county TaiwanReported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.006 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.006 in 3Q 2024). Revenue: NT$2.96b (down 22% from 3Q 2024). Net income: NT$210.9m (up NT$208.1m from 3Q 2024). Profit margin: 7.1% (up from 0.1% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 10Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.063 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.063 profit in 2Q 2024). Revenue: NT$3.33b (down 6.0% from 2Q 2024). Net loss: NT$302.2m (down NT$331.8m from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 11 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).Declared Dividend • Jun 18Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 15th July 2025 Payment date: 11th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (447% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 397% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.10 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.10 in 1Q 2024). Revenue: NT$3.63b (up 17% from 1Q 2024). Net income: NT$261.6m (up 440% from 1Q 2024). Profit margin: 7.2% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.お知らせ • Apr 01YC Inox Co.,Ltd Announces Executive ChangesYC Inox Co.,Ltd announced that name and resume of the previous position holder: Chiu, Yu-Ting, Assistant Manager of the Accounting Division. Reason for the change: Position adjustment. Effective date is March 31, 2025. The duties of the Accounting Officer will temporarily be performed by the Company's Deputy General Manager, Li, Chao-Ching. The appointment of the new Accounting Officer will be announced after the approval by the Audit Committee and the Board of Directors.Reported Earnings • Mar 13Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.38 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.38 loss in FY 2023). Revenue: NT$14.5b (down 4.7% from FY 2023). Net loss: NT$103.5m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,270, sec.4 chung shan rd., sijhou township, changhua county TaiwanNew Risk • Feb 21New 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 6.1% 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).分析記事 • Feb 14YC Inox Co.,Ltd's (TWSE:2034) Shares Climb 30% But Its Business Is Yet to Catch UpThe YC Inox Co.,Ltd ( TWSE:2034 ) share price has done very well over the last month, posting an excellent gain of 30...Buy Or Sell Opportunity • Dec 25Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$20.05. The fair value is estimated to be NT$16.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.1% increase in shares outstanding).Buy Or Sell Opportunity • Dec 04Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to NT$20.00. The fair value is estimated to be NT$16.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 15Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to NT$19.75. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.006 (vs NT$0.42 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.006 (up from NT$0.42 loss in 3Q 2023). Revenue: NT$3.80b (down 6.6% from 3Q 2023). Net income: NT$2.80m (up NT$190.7m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • Oct 31YC Inox Co.,Ltd to Report Q3, 2024 Results on Nov 07, 2024YC Inox Co.,Ltd announced that they will report Q3, 2024 results on Nov 07, 2024お知らせ • Aug 17YC Inox Co.,Ltd has filed a Follow-on Equity Offering.YC Inox Co.,Ltd has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Transaction Features: Reserved Share Offering; Rights OfferingReported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.46 in 2Q 2023). Revenue: NT$3.54b (down 7.2% from 2Q 2023). Net income: NT$29.6m (down 86% from 2Q 2023). Profit margin: 0.8% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.お知らせ • Jul 30YC Inox Co.,Ltd to Report Q2, 2024 Results on Aug 09, 2024YC Inox Co.,Ltd announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).分析記事 • Jul 15YC InoxLtd (TWSE:2034) Will Pay A Smaller Dividend Than Last YearYC Inox Co.,Ltd's ( TWSE:2034 ) dividend is being reduced from last year's payment covering the same period to NT$1.00...分析記事 • Jul 01YC InoxLtd (TWSE:2034) Has Announced That Its Dividend Will Be Reduced To NT$1.00YC Inox Co.,Ltd ( TWSE:2034 ) has announced that on 23rd of August, it will be paying a dividend ofNT$1.00, which a...Declared Dividend • Jul 01Dividend reduced to NT$1.00Dividend of NT$1.00 is 33% lower than last year. Ex-date: 26th July 2024 Payment date: 23rd August 2024 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.21 in 1Q 2023)First quarter 2024 results: EPS: NT$0.10 (down from NT$0.21 in 1Q 2023). Revenue: NT$3.10b (down 20% from 1Q 2023). Net income: NT$48.4m (down 48% from 1Q 2023). Profit margin: 1.6% (down from 2.4% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.お知らせ • Apr 28YC Inox Co.,Ltd to Report Q1, 2024 Results on May 06, 2024YC Inox Co.,Ltd announced that they will report Q1, 2024 results on May 06, 2024New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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 Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 09Full year 2023 earnings released: NT$0.38 loss per share (vs NT$1.16 profit in FY 2022)Full year 2023 results: NT$0.38 loss per share (down from NT$1.16 profit in FY 2022). Revenue: NT$15.2b (down 9.5% from FY 2022). Net loss: NT$169.8m (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Mar 09YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024. Location: YC INOX's Headquarters, No.270, Sec. 4 Jungshan Rd., Shijou Township, Chang-Hwa County 524, R.O.C. Taiwan Changhua Country Taiwan Agenda: To consider the 2023 Business report; to consider the 2023 Audit Committee's review report; to consider the 2023 employees’ profit sharing and directors' compensation; to consider the Execution status of the 3rd domestic unsecured convertible corporate bonds; to consider the Amendment of Rules of Procedure for Shareholders' Meeting; to adopt the lifting of non-competition restrictions for newly-elected directors; and to consider other matters.Buy Or Sell Opportunity • Mar 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to NT$24.90. The fair value is estimated to be NT$31.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company became loss making.New Risk • Aug 08New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.84 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (down from NT$0.84 in 2Q 2022). Revenue: NT$3.81b (down 23% from 2Q 2022). Net income: NT$205.2m (down 45% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.50 per share at 5.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).Reported Earnings • Mar 11Full year 2022 earnings released: EPS: NT$1.16 (vs NT$2.86 in FY 2021)Full year 2022 results: EPS: NT$1.16 (down from NT$2.86 in FY 2021). Revenue: NT$16.8b (down 5.3% from FY 2021). Net income: NT$518.3m (down 59% from FY 2021). Profit margin: 3.1% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 08Third quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.74 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.60 (down from NT$0.74 in 3Q 2021). Revenue: NT$4.35b (down 18% from 3Q 2021). Net income: NT$265.6m (down 18% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 3.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.84 (vs NT$0.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.84 (up from NT$0.70 in 2Q 2021). Revenue: NT$4.97b (up 12% from 2Q 2021). Net income: NT$372.2m (up 21% from 2Q 2021). Profit margin: 7.5% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 3.0% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (8.9%).お知らせ • Jun 17Yc Inox Co., Ltd. Announces Dividend, Cash Dividend Payment Date:2022/08/18YC Inox Co., Ltd. announced The Board of Directors has adopted the ex-dividend record date. Date of the resolution by the board of directors or shareholders meeting or decision by the Company:2022/06/16. Type of ex-rights or ex-dividend: Ex-dividend. Type and monetary amount of dividend distribution: Earnings distribution by cash in total of TWD 666,963,791(TWD 1.49760191 per share). Ex-rights (ex-dividend) trading date:2022/07/19. Last date before book closure:2022/07/20. Book closure starting date:2022/07/21. book closure ending date:2022/07/25. Ex-rights (ex-dividend) record date:2022/07/25. Any other matters that need to be specified: (1)Cash dividend payment date:2022/08/18 (2)The book closure period for conversion of the 3rd domestic unsecured convertible corporate bonds will be 2022/06/30 to 2022/07/25.Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$0.95 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.08b (up 20% from 1Q 2021). Net income: NT$421.6m (up 113% from 1Q 2021). Profit margin: 10% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% 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 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.31b (up 72% from 3Q 2020). Net income: NT$323.9m (up 72% from 3Q 2020). Profit margin: 6.1% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 28Upcoming dividend of NT$1.48 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 01 November 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.6%).Executive Departure • Aug 26Director Tien-Shang Hsieh has left the companyOn the 23rd of August, Tien-Shang Hsieh's tenure as Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Tien-Shang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Executive Departure • Aug 26Director Shu-Ying Chang has left the companyOn the 23rd of August, Shu-Ying Chang's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Shu-Ying's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.34 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.43b (up 53% from 2Q 2020). Net income: NT$307.1m (up 123% from 2Q 2020). Profit margin: 6.9% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$44.35, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 99% over the past three years.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 76% over the past three years.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$26.60, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 21% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$3.39b (down 9.8% from 1Q 2020). Net income: NT$197.8m (up 38% from 1Q 2020). Profit margin: 5.8% (up from 3.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • May 01YC InoxLtd (TPE:2034) Could Be Struggling To Allocate CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Apr 16Calculating The Fair Value Of YC Inox Co.,Ltd (TPE:2034)In this article we are going to estimate the intrinsic value of YC Inox Co.,Ltd ( TPE:2034 ) by estimating the...分析記事 • Apr 01YC InoxLtd's (TPE:2034) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that YC Inox Co.,Ltd's ( TPE:2034 ) recent earnings didn't contain any surprises...Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.04 (vs NT$1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.7b (down 22% from FY 2019). Net income: NT$423.6m (down 32% from FY 2019). Profit margin: 3.3% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.分析記事 • Mar 19Can You Imagine How YC InoxLtd's (TPE:2034) Shareholders Feel About The 22% Share Price Increase?On average, over time, stock markets tend to rise higher. This makes investing attractive. But not every stock you buy...分析記事 • Feb 17YC Inox Co.,Ltd's (TPE:2034) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?YC InoxLtd's (TPE:2034) stock up by 5.6% over the past three months. However, in this article, we decided to focus on...分析記事 • Jan 30Is YC Inox Co.,Ltd (TPE:2034) A Strong Dividend Stock?Dividend paying stocks like YC Inox Co.,Ltd ( TPE:2034 ) tend to be popular with investors, and for good reason - some...Is New 90 Day High Low • Dec 30New 90-day high: NT$28.50The company is up 24% from its price of NT$22.90 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.03 per share.Is New 90 Day High Low • Dec 14New 90-day high: NT$26.90The company is up 14% from its price of NT$23.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.04 per share.Is New 90 Day High Low • Nov 25New 90-day high: NT$24.50The company is up 4.0% from its price of NT$23.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$15.14 per share.Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 0.005% at NT$3.09b. Revenue is forecast to grow 5.3% over the next year, compared to a 3.0% growth forecast for the Metals and Mining industry in Taiwan.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$440.7m, down 41% from the prior year. Total revenue was NT$13.5b over the last 12 months, down 19% from the prior year.Is New 90 Day High Low • Sep 26New 90-day low: NT$22.80The company is down 8.0% from its price of NT$24.80 on 24 June 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period.業績と収益の成長予測TWSE:2034 - 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12/31/202712,772N/AN/A1,081112/31/202611,894N/AN/A75313/31/202611,744-152-917-152N/A12/31/202512,543108-657307N/A9/30/202514,003-14-1,518-175N/A6/30/202514,844-222-2,063-413N/A3/31/202515,056110-1,968-200N/A12/31/202414,522-103-2,018-222N/A9/30/202413,892-200-1,382160N/A6/30/202414,163-390-607662N/A3/31/202414,438-2153971,547N/A12/31/202315,232-170-276939N/A9/30/202315,211-4301031,285N/A6/30/202315,4992391,198N/A3/31/202316,651190-967334N/A12/31/202216,8405182411,610N/A9/30/202218,0541,491-1641,320N/A6/30/202219,0051,549-2,128-559N/A3/31/202218,4681,484-2,011-529N/A12/31/202117,7781,260-2,686-1,587N/A9/30/202116,092783-2,924-2,038N/A6/30/202113,879647-1,377-697N/A3/31/202112,348478341779N/A12/31/202012,7174241,1451,751N/A9/30/202013,4844411,0511,521N/A6/30/202014,9404536331,551N/A3/31/202016,047518-103906N/A12/31/201916,309624N/A657N/A9/30/201916,718745N/A2,063N/A6/30/201917,148783N/A2,307N/A3/31/201918,450968N/A2,762N/A12/31/201819,130910N/A2,325N/A9/30/201819,524985N/A910N/A6/30/201819,117971N/A1,987N/A3/31/201818,894786N/A1,668N/A12/31/201719,266816N/A1,012N/A9/30/201719,455906N/A1,297N/A6/30/201719,502870N/A298N/A3/31/201718,788873N/A-679N/A12/31/201617,625794N/A349N/A9/30/201616,790632N/A215N/A6/30/201616,574650N/A785N/A3/31/201617,297523N/A1,788N/A12/31/201518,375531N/A2,097N/A9/30/201519,963580N/A4,573N/A6/30/201522,346700N/A4,695N/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: 2034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: 2034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: 2034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: 2034の収益 ( 5% ) TW市場 ( 18.5% ) よりも低い成長が予測されています。高い収益成長: 2034の収益 ( 5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2034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2026/06/11 17:31終値2026/06/11 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YC Inox Co.,Ltd 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。5 アナリスト機関Jihong LaiCapital Securities CorporationMarc WangKGI Securities Co. Ltd.Liangyu KoMasterlink Securities Investment Advisory2 その他のアナリストを表示
Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.
Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.
Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.22 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.22 loss in FY 2024). Revenue: NT$12.5b (down 14% from FY 2024). Net income: NT$107.6m (up NT$211.1m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 12YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,270, sec.4 chung shan rd., sijhou township, changhua county Taiwan
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.006 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.006 in 3Q 2024). Revenue: NT$2.96b (down 22% from 3Q 2024). Net income: NT$210.9m (up NT$208.1m from 3Q 2024). Profit margin: 7.1% (up from 0.1% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 10Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.063 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.063 profit in 2Q 2024). Revenue: NT$3.33b (down 6.0% from 2Q 2024). Net loss: NT$302.2m (down NT$331.8m from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 11 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
Declared Dividend • Jun 18Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 15th July 2025 Payment date: 11th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (447% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 397% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.10 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.10 in 1Q 2024). Revenue: NT$3.63b (up 17% from 1Q 2024). Net income: NT$261.6m (up 440% from 1Q 2024). Profit margin: 7.2% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 01YC Inox Co.,Ltd Announces Executive ChangesYC Inox Co.,Ltd announced that name and resume of the previous position holder: Chiu, Yu-Ting, Assistant Manager of the Accounting Division. Reason for the change: Position adjustment. Effective date is March 31, 2025. The duties of the Accounting Officer will temporarily be performed by the Company's Deputy General Manager, Li, Chao-Ching. The appointment of the new Accounting Officer will be announced after the approval by the Audit Committee and the Board of Directors.
Reported Earnings • Mar 13Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.38 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.38 loss in FY 2023). Revenue: NT$14.5b (down 4.7% from FY 2023). Net loss: NT$103.5m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,270, sec.4 chung shan rd., sijhou township, changhua county Taiwan
New Risk • Feb 21New 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 6.1% 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
分析記事 • Feb 14YC Inox Co.,Ltd's (TWSE:2034) Shares Climb 30% But Its Business Is Yet to Catch UpThe YC Inox Co.,Ltd ( TWSE:2034 ) share price has done very well over the last month, posting an excellent gain of 30...
Buy Or Sell Opportunity • Dec 25Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$20.05. The fair value is estimated to be NT$16.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.1% increase in shares outstanding).
Buy Or Sell Opportunity • Dec 04Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to NT$20.00. The fair value is estimated to be NT$16.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 15Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to NT$19.75. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.006 (vs NT$0.42 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.006 (up from NT$0.42 loss in 3Q 2023). Revenue: NT$3.80b (down 6.6% from 3Q 2023). Net income: NT$2.80m (up NT$190.7m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 31YC Inox Co.,Ltd to Report Q3, 2024 Results on Nov 07, 2024YC Inox Co.,Ltd announced that they will report Q3, 2024 results on Nov 07, 2024
お知らせ • Aug 17YC Inox Co.,Ltd has filed a Follow-on Equity Offering.YC Inox Co.,Ltd has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Transaction Features: Reserved Share Offering; Rights Offering
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.46 in 2Q 2023). Revenue: NT$3.54b (down 7.2% from 2Q 2023). Net income: NT$29.6m (down 86% from 2Q 2023). Profit margin: 0.8% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 30YC Inox Co.,Ltd to Report Q2, 2024 Results on Aug 09, 2024YC Inox Co.,Ltd announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).
分析記事 • Jul 15YC InoxLtd (TWSE:2034) Will Pay A Smaller Dividend Than Last YearYC Inox Co.,Ltd's ( TWSE:2034 ) dividend is being reduced from last year's payment covering the same period to NT$1.00...
分析記事 • Jul 01YC InoxLtd (TWSE:2034) Has Announced That Its Dividend Will Be Reduced To NT$1.00YC Inox Co.,Ltd ( TWSE:2034 ) has announced that on 23rd of August, it will be paying a dividend ofNT$1.00, which a...
Declared Dividend • Jul 01Dividend reduced to NT$1.00Dividend of NT$1.00 is 33% lower than last year. Ex-date: 26th July 2024 Payment date: 23rd August 2024 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.21 in 1Q 2023)First quarter 2024 results: EPS: NT$0.10 (down from NT$0.21 in 1Q 2023). Revenue: NT$3.10b (down 20% from 1Q 2023). Net income: NT$48.4m (down 48% from 1Q 2023). Profit margin: 1.6% (down from 2.4% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 28YC Inox Co.,Ltd to Report Q1, 2024 Results on May 06, 2024YC Inox Co.,Ltd announced that they will report Q1, 2024 results on May 06, 2024
New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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 Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 09Full year 2023 earnings released: NT$0.38 loss per share (vs NT$1.16 profit in FY 2022)Full year 2023 results: NT$0.38 loss per share (down from NT$1.16 profit in FY 2022). Revenue: NT$15.2b (down 9.5% from FY 2022). Net loss: NT$169.8m (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 09YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024. Location: YC INOX's Headquarters, No.270, Sec. 4 Jungshan Rd., Shijou Township, Chang-Hwa County 524, R.O.C. Taiwan Changhua Country Taiwan Agenda: To consider the 2023 Business report; to consider the 2023 Audit Committee's review report; to consider the 2023 employees’ profit sharing and directors' compensation; to consider the Execution status of the 3rd domestic unsecured convertible corporate bonds; to consider the Amendment of Rules of Procedure for Shareholders' Meeting; to adopt the lifting of non-competition restrictions for newly-elected directors; and to consider other matters.
Buy Or Sell Opportunity • Mar 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to NT$24.90. The fair value is estimated to be NT$31.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Aug 08New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.84 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (down from NT$0.84 in 2Q 2022). Revenue: NT$3.81b (down 23% from 2Q 2022). Net income: NT$205.2m (down 45% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.50 per share at 5.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
Reported Earnings • Mar 11Full year 2022 earnings released: EPS: NT$1.16 (vs NT$2.86 in FY 2021)Full year 2022 results: EPS: NT$1.16 (down from NT$2.86 in FY 2021). Revenue: NT$16.8b (down 5.3% from FY 2021). Net income: NT$518.3m (down 59% from FY 2021). Profit margin: 3.1% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 08Third quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.74 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.60 (down from NT$0.74 in 3Q 2021). Revenue: NT$4.35b (down 18% from 3Q 2021). Net income: NT$265.6m (down 18% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 3.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.84 (vs NT$0.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.84 (up from NT$0.70 in 2Q 2021). Revenue: NT$4.97b (up 12% from 2Q 2021). Net income: NT$372.2m (up 21% from 2Q 2021). Profit margin: 7.5% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 3.0% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (8.9%).
お知らせ • Jun 17Yc Inox Co., Ltd. Announces Dividend, Cash Dividend Payment Date:2022/08/18YC Inox Co., Ltd. announced The Board of Directors has adopted the ex-dividend record date. Date of the resolution by the board of directors or shareholders meeting or decision by the Company:2022/06/16. Type of ex-rights or ex-dividend: Ex-dividend. Type and monetary amount of dividend distribution: Earnings distribution by cash in total of TWD 666,963,791(TWD 1.49760191 per share). Ex-rights (ex-dividend) trading date:2022/07/19. Last date before book closure:2022/07/20. Book closure starting date:2022/07/21. book closure ending date:2022/07/25. Ex-rights (ex-dividend) record date:2022/07/25. Any other matters that need to be specified: (1)Cash dividend payment date:2022/08/18 (2)The book closure period for conversion of the 3rd domestic unsecured convertible corporate bonds will be 2022/06/30 to 2022/07/25.
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$0.95 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.08b (up 20% from 1Q 2021). Net income: NT$421.6m (up 113% from 1Q 2021). Profit margin: 10% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% 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 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.31b (up 72% from 3Q 2020). Net income: NT$323.9m (up 72% from 3Q 2020). Profit margin: 6.1% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 28Upcoming dividend of NT$1.48 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 01 November 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.6%).
Executive Departure • Aug 26Director Tien-Shang Hsieh has left the companyOn the 23rd of August, Tien-Shang Hsieh's tenure as Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Tien-Shang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Executive Departure • Aug 26Director Shu-Ying Chang has left the companyOn the 23rd of August, Shu-Ying Chang's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Shu-Ying's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.34 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.43b (up 53% from 2Q 2020). Net income: NT$307.1m (up 123% from 2Q 2020). Profit margin: 6.9% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$44.35, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 99% over the past three years.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 76% over the past three years.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$26.60, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 21% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$3.39b (down 9.8% from 1Q 2020). Net income: NT$197.8m (up 38% from 1Q 2020). Profit margin: 5.8% (up from 3.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
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分析記事 • Apr 16Calculating The Fair Value Of YC Inox Co.,Ltd (TPE:2034)In this article we are going to estimate the intrinsic value of YC Inox Co.,Ltd ( TPE:2034 ) by estimating the...
分析記事 • Apr 01YC InoxLtd's (TPE:2034) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that YC Inox Co.,Ltd's ( TPE:2034 ) recent earnings didn't contain any surprises...
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.04 (vs NT$1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.7b (down 22% from FY 2019). Net income: NT$423.6m (down 32% from FY 2019). Profit margin: 3.3% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
分析記事 • Mar 19Can You Imagine How YC InoxLtd's (TPE:2034) Shareholders Feel About The 22% Share Price Increase?On average, over time, stock markets tend to rise higher. This makes investing attractive. But not every stock you buy...
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分析記事 • Jan 30Is YC Inox Co.,Ltd (TPE:2034) A Strong Dividend Stock?Dividend paying stocks like YC Inox Co.,Ltd ( TPE:2034 ) tend to be popular with investors, and for good reason - some...
Is New 90 Day High Low • Dec 30New 90-day high: NT$28.50The company is up 24% from its price of NT$22.90 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.03 per share.
Is New 90 Day High Low • Dec 14New 90-day high: NT$26.90The company is up 14% from its price of NT$23.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.04 per share.
Is New 90 Day High Low • Nov 25New 90-day high: NT$24.50The company is up 4.0% from its price of NT$23.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$15.14 per share.
Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 0.005% at NT$3.09b. Revenue is forecast to grow 5.3% over the next year, compared to a 3.0% growth forecast for the Metals and Mining industry in Taiwan.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$440.7m, down 41% from the prior year. Total revenue was NT$13.5b over the last 12 months, down 19% from the prior year.
Is New 90 Day High Low • Sep 26New 90-day low: NT$22.80The company is down 8.0% from its price of NT$24.80 on 24 June 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period.