View ValuationSwancor Holding 将来の成長Future 基準チェック /06現在、 Swancor Holding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Chemicals 収益成長52.2%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Price Target Changed • May 08Price target increased by 26% to NT$125Up from NT$99.67, the current price target is an average from 4 analysts. New target price is 19% below last closing price of NT$155. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$3.22 for next year compared to NT$12.88 last year.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.56b to NT$7.28b. EPS estimate also fell from NT$15.65 per share to NT$13.74 per share. Net income forecast to shrink 55% next year vs 35% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$100.00 to NT$90.00. Share price was steady at NT$96.00 over the past week.Price Target Changed • Nov 14Price target decreased by 15% to NT$90.00Down from NT$107, the current price target is an average from 2 analysts. New target price is 5.3% below last closing price of NT$95.00. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$13.74 for next year compared to NT$9.48 last year.Major Estimate Revision • May 27Consensus revenue estimates decrease by 32%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$11.4b to NT$7.74b. EPS estimate increased from NT$14.52 to NT$15.71 per share. Net income forecast to grow 46% next year vs 12% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price was steady at NT$96.60 over the past week.Price Target Changed • Nov 16Price target decreased to NT$104Down from NT$122, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$93.20. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of NT$9.30 for next year compared to NT$2.01 last year.Price Target Changed • Aug 09Price target decreased to NT$145Down from NT$163, the current price target is an average from 2 analysts. New target price is 42% above last closing price of NT$102. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$2.01 last year.すべての更新を表示Recent updatesDeclared Dividend • May 11Dividend of NT$6.00 announcedShareholders will receive a dividend of NT$6.00. Ex-date: 26th June 2026 Payment date: 24th July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (139% 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 54% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Mar 08Full year 2025 earnings released: NT$5.31 loss per share (vs NT$2.71 profit in FY 2024)Full year 2025 results: NT$5.31 loss per share (down from NT$2.71 profit in FY 2024). Revenue: NT$1.01b (down 87% from FY 2024). Net loss: NT$569.6m (down 301% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.お知らせ • Feb 26Swancor Holding Co., LTD., Annual General Meeting, May 28, 2026Swancor Holding Co., LTD., Annual General Meeting, May 28, 2026. Location: no,588, tung min rd., nantou city TaiwanValuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$120, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 23x in the Chemicals industry in Taiwan. Total returns to shareholders of 24% over the past three years.New Risk • Nov 26New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Share price has been highly volatile over the past 3 months (9.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years.Reported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.85 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.85 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$152.9m (down 93% from 3Q 2024). Net loss: NT$93.0m (down 286% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.35 loss per share (vs NT$0.76 profit in 2Q 2024)Second quarter 2025 results: NT$0.35 loss per share (down from NT$0.76 profit in 2Q 2024). Revenue: NT$1.98b (up 2.8% from 2Q 2024). Net loss: NT$37.7m (down 148% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$86.20, the stock trades at a trailing P/E ratio of 35.5x. Average forward P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 15% over the past three years.Upcoming Dividend • Jun 26Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 30 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Declared Dividend • Jun 07Dividend reduced to NT$2.30Dividend of NT$2.30 is 59% lower than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (288% 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 increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 220% to bring the payout ratio under control. However, EPS has declined by 10% over the last 5 years so the company would need to reverse this trend.New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 288% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).お知らせ • May 15Swancor Holding Co., Ltd. Announces Resignation of Jia-Hong Wong as Chief Internal Auditor Effective May 12, 2025Swancor Holding Co., LTD. announced the resignation of its Chief Internal Auditor, JIA-HONG WONG, effective May 12, 2025. JIA-HONG WONG previously held the position of Chief Administrator at Swancor Holding Co., Ltd. The position of the chief internal auditor is temporarily performed by the deputy. A further announcement will be made after the resolutions of the Audit Committee and the Board of Directors regarding the new chief internal auditor.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.77 in 1Q 2024)First quarter 2025 results: EPS: NT$0.48 (down from NT$0.77 in 1Q 2024). Revenue: NT$1.96b (up 13% from 1Q 2024). Net income: NT$52.3m (down 31% from 1Q 2024). Profit margin: 2.7% (down from 4.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.お知らせ • May 01Swancor Holding Co., LTD. to Report Q1, 2025 Results on May 08, 2025Swancor Holding Co., LTD. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$61.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in Taiwan. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$37.13 per share.分析記事 • Mar 20Swancor Holding's (TWSE:3708) Problems Go Beyond Weak ProfitSwancor Holding Co., LTD.'s ( TWSE:3708 ) recent weak earnings report didn't cause a big stock movement. We think that...Reported Earnings • Mar 19Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$2.71 (down from NT$12.88 in FY 2023). Revenue: NT$7.87b (up 7.9% from FY 2023). Net income: NT$284.1m (down 77% from FY 2023). Profit margin: 3.6% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Mar 07Swancor Holding Co., LTD., Annual General Meeting, May 26, 2025Swancor Holding Co., LTD., Annual General Meeting, May 26, 2025. Location: no,588, tung min rd., nantou city TaiwanNew Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$5.66 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$5.66 in 3Q 2023). Revenue: NT$2.11b (up 9.6% from 3Q 2023). Net income: NT$50.1m (down 91% from 3Q 2023). Profit margin: 2.4% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • Sep 12Is Swancor Holding (TWSE:3708) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Aug 15Some May Be Optimistic About Swancor Holding's (TWSE:3708) EarningsSwancor Holding Co., LTD.'s ( TWSE:3708 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Shareholders have been diluted in the past year (8.6% increase in shares outstanding).Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.76 (down from NT$7.11 in 2Q 2023). Revenue: NT$1.93b (up 12% from 2Q 2023). Net income: NT$78.2m (down 89% from 2Q 2023). Profit margin: 4.1% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 10Swancor Holding Co., Ltd. Announces Distribution of Dividends for the First Half of 2024Swancor Holding Co., LTD. announced the distribution of dividends for the first half of 2024. Type and monetary amount of dividend distribution: Cash Dividends RMB 15,731,107.39.分析記事 • Aug 05Investors Don't See Light At End Of Swancor Holding Co., LTD.'s (TWSE:3708) Tunnel And Push Stock Down 27%Swancor Holding Co., LTD. ( TWSE:3708 ) shareholders that were waiting for something to happen have been dealt a blow...お知らせ • Aug 02Swancor Holding Co., LTD. to Report Q2, 2024 Results on Aug 08, 2024Swancor Holding Co., LTD. announced that they will report Q2, 2024 results on Aug 08, 2024Upcoming Dividend • Jun 24Upcoming dividend of NT$5.55 per shareEligible shareholders must have bought the stock before 01 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).分析記事 • Jun 22Swancor Holding (TWSE:3708) Is Increasing Its Dividend To NT$5.55Swancor Holding Co., LTD. ( TWSE:3708 ) has announced that it will be increasing its dividend from last year's...Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$151, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 31x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.分析記事 • Jun 03Swancor Holding's (TWSE:3708) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Swancor Holding Co., LTD. ( TWSE:3708 ) has announced that the dividend on 26th of July will be increased...Declared Dividend • Jun 03Dividend increased to NT$6.00Dividend of NT$6.00 is 20% higher than last year. Ex-date: 1st July 2024 Payment date: 26th July 2024 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 66% over the next year. Since a fall of 61% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • Jun 01Swancor Holding Co., LTD. Approves Cash Dividends, Payable on July 26, 2024Swancor Holding Co., LTD. approved cash dividends of TWD 585,032,778, TWD 6 per share. Date of the resolution by the board of directors or shareholders meeting or decision by the company is May 31, 2024. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 26, 2024.New Risk • May 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding).Price Target Changed • May 08Price target increased by 26% to NT$125Up from NT$99.67, the current price target is an average from 4 analysts. New target price is 19% below last closing price of NT$155. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$3.22 for next year compared to NT$12.88 last year.お知らせ • May 02Swancor Holding Co., LTD. to Report Q1, 2024 Results on May 09, 2024Swancor Holding Co., LTD. announced that they will report Q1, 2024 results on May 09, 2024Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$147, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 30x in the Chemicals industry in Taiwan. Total returns to shareholders of 18% over the past three years.分析記事 • Apr 15Swancor Holding Co., LTD. (TWSE:3708) Shares Fly 25% But Investors Aren't Buying For GrowthSwancor Holding Co., LTD. ( TWSE:3708 ) shares have continued their recent momentum with a 25% gain in the last month...Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$128, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 3.9% over the past three years.Reported Earnings • Mar 13Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$12.88 (up from NT$9.48 in FY 2022). Revenue: NT$7.29b (down 25% from FY 2022). Net income: NT$1.26b (up 39% from FY 2022). Profit margin: 17% (up from 9.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Mar 12Swancor Holding Co., LTD., Annual General Meeting, May 31, 2024Swancor Holding Co., LTD., Annual General Meeting, May 31, 2024. Location: No. 588, Dongmin Rd Nantou City Taiwan Agenda: To consider and approve the 2023 business report; to consider and approve the 2023 Audit Committee's review report; to consider and approve the 2023 distribution of employees' and directors' remuneration report; to consider and approve the 2021 Report on the Issuance of 3rd domestic Secured Convertible Corporate; to consider and approve the Execution report of repurchase treasury shares; and to consider and approve other matters of business.Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$112, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Chemicals industry in Taiwan. Total loss to shareholders of 21% over the past three years.Major Estimate Revision • Nov 15Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.56b to NT$7.28b. EPS estimate also fell from NT$15.65 per share to NT$13.74 per share. Net income forecast to shrink 55% next year vs 35% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$100.00 to NT$90.00. Share price was steady at NT$96.00 over the past week.Price Target Changed • Nov 14Price target decreased by 15% to NT$90.00Down from NT$107, the current price target is an average from 2 analysts. New target price is 5.3% below last closing price of NT$95.00. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$13.74 for next year compared to NT$9.48 last year.Reported Earnings • Nov 09Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$5.66 (down from NT$6.46 in 3Q 2022). Revenue: NT$1.92b (down 18% from 3Q 2022). Net income: NT$552.4m (down 12% from 3Q 2022). Profit margin: 29% (up from 27% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 35%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • Aug 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 71% 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: Major Risk Earnings are forecast to decline by an average of 63% per year for the foreseeable future. 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.お知らせ • Aug 10Stonepeak Oceanview Taiwan Co., Ltd. agreed to acquire 5% stake in Synera Renewable Energy Co., Ltd. from Swancor Holding Co., LTD. (TWSE:3708) for $8 million.Stonepeak Oceanview Taiwan Co., Ltd. agreed to acquire 5% stake in Synera Renewable Energy Co., Ltd. from Swancor Holding Co., LTD. (TWSE:3708) for $8 million on August 8, 2023. The deal has been approved by board of directors of Swancor Holding Co., LTD., and is subject to approval from Investment Commission Ministry of Economic Affairs. Hu Hsiang-Ning of Yangtze CPAs & Co acted as accountant to Swancor Holding Co., LTD.Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$7.11 (up from NT$1.10 in 2Q 2022). Revenue: NT$1.72b (down 35% from 2Q 2022). Net income: NT$692.6m (up NT$590.2m from 2Q 2022). Profit margin: 40% (up from 3.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Aug 09Swancor Holding Co., LTD. Announces Corporate Governance Officer ChangesSwancor Holding Co., LTD. announced the resignation of Chia-Min Hung as Corporate governance officer of the company and appointed Li-Min Hung /Associate Manager of the company as Corporate governance officer of the company, with effect from August 8, 2023.Upcoming Dividend • Jun 21Upcoming dividend of NT$5.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 28 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.5%).お知らせ • May 30Swancor Holding Co., LTD. Announces Cash Dividend, Payable on July 25, 2023Swancor Holding Co., LTD. announced Cash dividends of TWD 487,090,520 or TWD 5 per share. Ex-rights (ex-dividend) record date is July 4, 2023. Payment date of cash dividend distribution is July 25, 2023. Ex-rights (ex-dividend) trading date is June 28, 2023.Major Estimate Revision • May 27Consensus revenue estimates decrease by 32%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$11.4b to NT$7.74b. EPS estimate increased from NT$14.52 to NT$15.71 per share. Net income forecast to grow 46% next year vs 12% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price was steady at NT$96.60 over the past week.Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.20 (down from NT$0.63 in 1Q 2022). Revenue: NT$1.70b (down 32% from 1Q 2022). Net income: NT$19.1m (down 67% from 1Q 2022). Profit margin: 1.1% (down from 2.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 78%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target decreased to NT$104Down from NT$122, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$93.20. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of NT$9.30 for next year compared to NT$2.01 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Sheng-Chung Lin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 04Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$6.46 (up from NT$0.098 loss in 3Q 2021). Revenue: NT$2.36b (flat on 3Q 2021). Net income: NT$629.0m (up NT$638.1m from 3Q 2021). Profit margin: 27% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$101, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.Price Target Changed • Aug 09Price target decreased to NT$145Down from NT$163, the current price target is an average from 2 analysts. New target price is 42% above last closing price of NT$102. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$2.01 last year.Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$1.10 (up from NT$0.41 in 2Q 2021). Revenue: NT$2.62b (down 6.2% from 2Q 2021). Net income: NT$102.4m (up 172% from 2Q 2021). Profit margin: 3.9% (up from 1.3% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 22% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Aug 06Swancor Holding Co., LTD. Announces Establish the Sustainable Development Committee and to Appoint Members of Sustainable Development CommitteeSwancor Holding Co., LTD. announced that its board of directors established the sustainable development committee and appointed members of sustainable development committee. Name of the new position holder: Jau-Yang Tsai, Kuei-Tuan Chen, Pan-Chiang Yang, Hsiao-Yi Tsai, Hsiu-Chun Wang, Jui-Hua Li, Sheng-Chung Lin and Chung-Ming Liu. Resume of the new position holder: Jau-Yang Tsai, Chairman and General manager of the Company; Kuei-Tuan Chen, Director of the Company; Pan-Chiang Yang, Director of the Company; Hsiao-Yi Tsai, Director of the Company; Hsiu-Chun Wang, Independent Director of the Company; Jui-Hua Li, Independent Director of the Company; Sheng-Chung Lin, Independent Director of the Company; Chung-Ming Liu, Independent Director of the Company. Effective date of the new member: August 5, 2022.Buying Opportunity • Jul 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be NT$131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 481% in the next year.Upcoming Dividend • Jul 01Upcoming dividend of NT$1.43 per shareEligible shareholders must have bought the stock before 08 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.1%).お知らせ • Jun 23Swancor Holding Co., LTD. Adjusts the Cash Dividend RatioSwancor Holding Co., LTD. announced the Company Adjusts the Cash Dividend Ratio. Type and monetary amount of original dividend distribution: Cash dividend TWD 139,187,406, TWD 1.5 per share. Type and monetary amount of dividend distribution after the change: Cash dividend TWD 139,187,406, TWD 1.42927328 per share. Reason for the change: Due to the conversion of the company's corporate bonds into ordinary shares, the number of outstanding shares has been changed. The board of directors is authorized to adjust the dividend rate according to the resolution of the shareholders' meeting, and the chairman is authorized to deal with it solely by the resolution of the board of directors on June 10, 2022.お知らせ • Jun 11Swancor Holding Co., LTD. Approves Cash Dividends, Payable on August 5, 2022Swancor Holding Co., LTD. at its meeting held on June 10, 2022 approved Cash dividends of TWD 139,187,406 (TWD 1.5 per share). Ex-rights (ex-dividend) trading date is July 8, 2022. Ex-rights (ex-dividend) record date July 16, 2022. The payment date of cash dividend is August 5, 2022.Reported Earnings • May 09First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.63 (up from NT$0.59 in 1Q 2021). Revenue: NT$2.49b (down 5.3% from 1Q 2021). Net income: NT$58.3m (up 6.5% from 1Q 2021). Profit margin: 2.3% (up from 2.1% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 59%. Over the next year, revenue is forecast to grow 21% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.Price Target Changed • Apr 27Price target increased to NT$154Up from NT$135, the current price target is an average from 3 analysts. New target price is 10% above last closing price of NT$140. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of NT$9.35 for next year compared to NT$2.01 last year.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sheng-Chung Lin was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$130, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$101 per share.Major Estimate Revision • Mar 30Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$11.4b to NT$12.1b. EPS estimate increased from NT$8.24 to NT$9.21 per share. Net income forecast to grow 360% next year vs 17% decline forecast for Chemicals industry in Taiwan. Consensus price target up from NT$99.33 to NT$109. Share price rose 6.9% to NT$106 over the past week.Reported Earnings • Mar 14Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$2.01 (down from NT$6.82 in FY 2020). Revenue: NT$10.7b (up 8.5% from FY 2020). Net income: NT$185.9m (down 70% from FY 2020). Profit margin: 1.7% (down from 6.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 53%. Over the next year, revenue is forecast to grow 10% compared to a 2.4% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 07Third quarter 2021 earnings released: NT$0.10 loss per share (vs NT$2.41 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$2.37b (down 21% from 3Q 2020). Net loss: NT$9.09m (down 104% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$104, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$61.80 per share.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$90.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$55.72 per share.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$2.73 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.80b (up 19% from 2Q 2020). Net income: NT$37.6m (down 85% from 2Q 2020). Profit margin: 1.3% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 03Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 06 September 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to NT$112, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$123 per share.Major Estimate Revision • May 12Consensus EPS estimates fall to NT$11.80The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$13.4b to NT$12.9b. EPS estimate also fell from NT$13.76 to NT$11.80. Net income forecast to grow 105% next year vs 27% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$175 to NT$147. Share price fell 8.2% to NT$123 over the past week.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.49 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$2.63b (up 137% from 1Q 2020). Net income: NT$54.7m (up 22% from 1Q 2020). Profit margin: 2.1% (down from 4.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 20Price target decreased to NT$175Down from NT$190, the current price target is an average from 3 analysts. New target price is 23% above last closing price of NT$142. Stock is up 117% over the past year.分析記事 • Apr 08Is Now The Time To Put Swancor Holding (TPE:3708) On Your Watchlist?Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...分析記事 • Mar 27These 4 Measures Indicate That Swancor Holding (TPE:3708) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Mar 24Price target decreased to NT$178Down from NT$200, the current price target is an average from 3 analysts. New target price is 31% above last closing price of NT$136. Stock is up 142% over the past year.Major Estimate Revision • Mar 24Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$12.7b to NT$13.4b. EPS estimate fell from NT$15.76 to NT$13.76 per share. Net income forecast to grow 102% next year vs 39% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$200 to NT$178. Share price was steady at NT$136 over the past week.分析記事 • Mar 15Is Swancor Holding Co., LTD. (TPE:3708) A Good Dividend Stock?Is Swancor Holding Co., LTD. ( TPE:3708 ) a good dividend stock? How can we tell? Dividend paying companies with...Analyst Estimate Surprise Post Earnings • Mar 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 29%, compared to a 16% growth forecast for the Chemicals industry in Taiwan.Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$6.82 (vs NT$4.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$9.87b (up 60% from FY 2019). Net income: NT$626.0m (up 67% from FY 2019). Profit margin: 6.3% (up from 6.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 09Swancor Holding Co., LTD., Annual General Meeting, Mar 08, 2021Swancor Holding Co., LTD., Annual General Meeting, Mar 08, 2021. Location: No. 11, Gongye S. 6th Rd., Nantou City Nantou Taiwan Agenda: To consider the impact of the first adoption of IFRSs; to consider 2019 Supervisor inspection report; to consider 2020 business report; to consider 2020 Supervisor inspection report; to consider 2020 distribution of employees',directors' and supervisors' remuneration; to consider Cause for convening the meeting acknowledged matters: Ratification of 2019 (IFRSs) financial statements; to consider 2020 business report and financial statements; to consider 2020 earnings distribution; and to consider other matter.分析記事 • Mar 02Are Swancor Holding Co., LTD.'s (TPE:3708) Mixed Financials Driving The Negative Sentiment?Swancor Holding (TPE:3708) has had a rough three months with its share price down 11%. It is possible that the markets...分析記事 • Feb 17Swancor Holding Co., LTD. (TPE:3708) Shares Could Be 49% Below Their Intrinsic Value EstimateDoes the February share price for Swancor Holding Co., LTD. ( TPE:3708 ) reflect what it's really worth? Today, we will...分析記事 • Feb 03Is It Too Late To Consider Buying Swancor Holding Co., LTD. (TPE:3708)?Swancor Holding Co., LTD. ( TPE:3708 ), might not be a large cap stock, but it received a lot of attention from a...分析記事 • Jan 18The Returns At Swancor Holding (TPE:3708) Provide Us With Signs Of What's To ComeDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Is New 90 Day High Low • Jan 14New 90-day low: NT$141The company is down 15% from its price of NT$166 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$285 per share.分析記事 • Jan 03Shareholders Of Swancor Holding (TPE:3708) Must Be Happy With Their 114% Total ReturnOne simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...分析記事 • Dec 21I Ran A Stock Scan For Earnings Growth And Swancor Holding (TPE:3708) Passed With EaseSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...分析記事 • Dec 08Is Swancor Holding (TPE:3708) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Nov 25Swancor Holding Co., LTD.'s (TPE:3708) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?Swancor Holding's (TPE:3708) stock is up by a considerable 25% over the past three months. However, we decided to pay...Is New 90 Day High Low • Nov 09New 90-day high: NT$177The company is up 72% from its price of NT$103 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$114 per share. 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、Swancor Holding 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:3708 - 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3/31/2026849-496-1,020-822N/A12/31/20251,005-570-196205N/A9/30/20257,589184-37534N/A6/30/20257,797218360910N/A3/31/20258,098261-135443N/A12/31/20241,452-160-375167N/A9/30/20242,991-134-53868N/A6/30/20244,5534766451,436N/A3/31/20247,3321,3131,6132,473N/A12/31/20237,2951,2561,6782,444N/A9/30/20237,6461,3781,7212,402N/A6/30/20238,0791,4549121,559N/A3/31/20238,984864-165458N/A12/31/20229,771903-196536N/A9/30/202210,384892-71723N/A6/30/202210,397254-321590N/A3/31/202210,5711901091,276N/A12/31/202110,710186-651446N/A9/30/202111,188193-1,375-295N/A6/30/202111,824423-1,357-348N/A3/31/202111,386636-1,299-612N/A12/31/20209,868626-134444N/A9/30/20208,117481323832N/A6/30/20206,6472858021,039N/A3/31/20205,789376703873N/A12/31/20196,153376N/A553N/A9/30/20196,016313N/A271N/A6/30/20195,927232N/A175N/A3/31/20196,056-107N/A-187N/A12/31/20185,733-194N/A-455N/A9/30/20185,667-31N/A188N/A6/30/20185,54763N/A34N/A3/31/20185,116176N/A660N/A12/31/20174,905219N/A1,290N/A9/30/20175,355242N/A5,043N/A6/30/20174,383206N/A5,012N/A3/31/20174,749122N/A5,066N/A12/31/20165,054155N/A5,119N/A9/30/20165,290252N/A1,569N/A6/30/20167,698651N/A718N/A3/31/20168,936883N/A811N/A12/31/20159,6551,020N/A-64N/A9/30/20159,5411,006N/A-1,518N/A6/30/20158,480842N/A-763N/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: 3708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: 3708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: 3708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: 3708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: 3708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: 3708の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 10:15終値2026/05/26 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Swancor Holding Co., LTD. 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。3 アナリスト機関null nullKGI Securities Co. Ltd.YuTang LinSinoPac Securities Investment ServiceChuanchuan ChenYuanta Research
Price Target Changed • May 08Price target increased by 26% to NT$125Up from NT$99.67, the current price target is an average from 4 analysts. New target price is 19% below last closing price of NT$155. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$3.22 for next year compared to NT$12.88 last year.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.56b to NT$7.28b. EPS estimate also fell from NT$15.65 per share to NT$13.74 per share. Net income forecast to shrink 55% next year vs 35% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$100.00 to NT$90.00. Share price was steady at NT$96.00 over the past week.
Price Target Changed • Nov 14Price target decreased by 15% to NT$90.00Down from NT$107, the current price target is an average from 2 analysts. New target price is 5.3% below last closing price of NT$95.00. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$13.74 for next year compared to NT$9.48 last year.
Major Estimate Revision • May 27Consensus revenue estimates decrease by 32%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$11.4b to NT$7.74b. EPS estimate increased from NT$14.52 to NT$15.71 per share. Net income forecast to grow 46% next year vs 12% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price was steady at NT$96.60 over the past week.
Price Target Changed • Nov 16Price target decreased to NT$104Down from NT$122, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$93.20. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of NT$9.30 for next year compared to NT$2.01 last year.
Price Target Changed • Aug 09Price target decreased to NT$145Down from NT$163, the current price target is an average from 2 analysts. New target price is 42% above last closing price of NT$102. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$2.01 last year.
Declared Dividend • May 11Dividend of NT$6.00 announcedShareholders will receive a dividend of NT$6.00. Ex-date: 26th June 2026 Payment date: 24th July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (139% 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 54% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Mar 08Full year 2025 earnings released: NT$5.31 loss per share (vs NT$2.71 profit in FY 2024)Full year 2025 results: NT$5.31 loss per share (down from NT$2.71 profit in FY 2024). Revenue: NT$1.01b (down 87% from FY 2024). Net loss: NT$569.6m (down 301% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 26Swancor Holding Co., LTD., Annual General Meeting, May 28, 2026Swancor Holding Co., LTD., Annual General Meeting, May 28, 2026. Location: no,588, tung min rd., nantou city Taiwan
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$120, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 23x in the Chemicals industry in Taiwan. Total returns to shareholders of 24% over the past three years.
New Risk • Nov 26New major risk - Revenue and earnings growthEarnings have declined by 1.8% 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 Share price has been highly volatile over the past 3 months (9.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Paying a dividend despite having no free cash flows. Earnings have declined by 1.8% per year over the past 5 years.
Reported Earnings • Nov 08Third quarter 2025 earnings released: NT$0.85 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.85 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$152.9m (down 93% from 3Q 2024). Net loss: NT$93.0m (down 286% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.35 loss per share (vs NT$0.76 profit in 2Q 2024)Second quarter 2025 results: NT$0.35 loss per share (down from NT$0.76 profit in 2Q 2024). Revenue: NT$1.98b (up 2.8% from 2Q 2024). Net loss: NT$37.7m (down 148% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$86.20, the stock trades at a trailing P/E ratio of 35.5x. Average forward P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 15% over the past three years.
Upcoming Dividend • Jun 26Upcoming dividend of NT$2.35 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 30 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Declared Dividend • Jun 07Dividend reduced to NT$2.30Dividend of NT$2.30 is 59% lower than last year. Ex-date: 3rd July 2025 Payment date: 30th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (288% 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 increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 220% to bring the payout ratio under control. However, EPS has declined by 10% over the last 5 years so the company would need to reverse this trend.
New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 288% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).
お知らせ • May 15Swancor Holding Co., Ltd. Announces Resignation of Jia-Hong Wong as Chief Internal Auditor Effective May 12, 2025Swancor Holding Co., LTD. announced the resignation of its Chief Internal Auditor, JIA-HONG WONG, effective May 12, 2025. JIA-HONG WONG previously held the position of Chief Administrator at Swancor Holding Co., Ltd. The position of the chief internal auditor is temporarily performed by the deputy. A further announcement will be made after the resolutions of the Audit Committee and the Board of Directors regarding the new chief internal auditor.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.48 (vs NT$0.77 in 1Q 2024)First quarter 2025 results: EPS: NT$0.48 (down from NT$0.77 in 1Q 2024). Revenue: NT$1.96b (up 13% from 1Q 2024). Net income: NT$52.3m (down 31% from 1Q 2024). Profit margin: 2.7% (down from 4.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
お知らせ • May 01Swancor Holding Co., LTD. to Report Q1, 2025 Results on May 08, 2025Swancor Holding Co., LTD. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$61.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in Taiwan. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$37.13 per share.
分析記事 • Mar 20Swancor Holding's (TWSE:3708) Problems Go Beyond Weak ProfitSwancor Holding Co., LTD.'s ( TWSE:3708 ) recent weak earnings report didn't cause a big stock movement. We think that...
Reported Earnings • Mar 19Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$2.71 (down from NT$12.88 in FY 2023). Revenue: NT$7.87b (up 7.9% from FY 2023). Net income: NT$284.1m (down 77% from FY 2023). Profit margin: 3.6% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Mar 07Swancor Holding Co., LTD., Annual General Meeting, May 26, 2025Swancor Holding Co., LTD., Annual General Meeting, May 26, 2025. Location: no,588, tung min rd., nantou city Taiwan
New Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$5.66 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$5.66 in 3Q 2023). Revenue: NT$2.11b (up 9.6% from 3Q 2023). Net income: NT$50.1m (down 91% from 3Q 2023). Profit margin: 2.4% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • Sep 12Is Swancor Holding (TWSE:3708) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Aug 15Some May Be Optimistic About Swancor Holding's (TWSE:3708) EarningsSwancor Holding Co., LTD.'s ( TWSE:3708 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...
New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Shareholders have been diluted in the past year (8.6% increase in shares outstanding).
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.76 (down from NT$7.11 in 2Q 2023). Revenue: NT$1.93b (up 12% from 2Q 2023). Net income: NT$78.2m (down 89% from 2Q 2023). Profit margin: 4.1% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 10Swancor Holding Co., Ltd. Announces Distribution of Dividends for the First Half of 2024Swancor Holding Co., LTD. announced the distribution of dividends for the first half of 2024. Type and monetary amount of dividend distribution: Cash Dividends RMB 15,731,107.39.
分析記事 • Aug 05Investors Don't See Light At End Of Swancor Holding Co., LTD.'s (TWSE:3708) Tunnel And Push Stock Down 27%Swancor Holding Co., LTD. ( TWSE:3708 ) shareholders that were waiting for something to happen have been dealt a blow...
お知らせ • Aug 02Swancor Holding Co., LTD. to Report Q2, 2024 Results on Aug 08, 2024Swancor Holding Co., LTD. announced that they will report Q2, 2024 results on Aug 08, 2024
Upcoming Dividend • Jun 24Upcoming dividend of NT$5.55 per shareEligible shareholders must have bought the stock before 01 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).
分析記事 • Jun 22Swancor Holding (TWSE:3708) Is Increasing Its Dividend To NT$5.55Swancor Holding Co., LTD. ( TWSE:3708 ) has announced that it will be increasing its dividend from last year's...
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$151, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 31x in the Chemicals industry in Taiwan. Total returns to shareholders of 43% over the past three years.
分析記事 • Jun 03Swancor Holding's (TWSE:3708) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Swancor Holding Co., LTD. ( TWSE:3708 ) has announced that the dividend on 26th of July will be increased...
Declared Dividend • Jun 03Dividend increased to NT$6.00Dividend of NT$6.00 is 20% higher than last year. Ex-date: 1st July 2024 Payment date: 26th July 2024 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 66% over the next year. Since a fall of 61% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • Jun 01Swancor Holding Co., LTD. Approves Cash Dividends, Payable on July 26, 2024Swancor Holding Co., LTD. approved cash dividends of TWD 585,032,778, TWD 6 per share. Date of the resolution by the board of directors or shareholders meeting or decision by the company is May 31, 2024. Ex-rights (ex-dividend) trading date is July 1, 2024. Ex-rights (ex-dividend) record date is July 7, 2024. Payment date of common stock cash dividend distribution is July 26, 2024.
New Risk • May 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding).
Price Target Changed • May 08Price target increased by 26% to NT$125Up from NT$99.67, the current price target is an average from 4 analysts. New target price is 19% below last closing price of NT$155. Stock is up 62% over the past year. The company is forecast to post earnings per share of NT$3.22 for next year compared to NT$12.88 last year.
お知らせ • May 02Swancor Holding Co., LTD. to Report Q1, 2024 Results on May 09, 2024Swancor Holding Co., LTD. announced that they will report Q1, 2024 results on May 09, 2024
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$147, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 30x in the Chemicals industry in Taiwan. Total returns to shareholders of 18% over the past three years.
分析記事 • Apr 15Swancor Holding Co., LTD. (TWSE:3708) Shares Fly 25% But Investors Aren't Buying For GrowthSwancor Holding Co., LTD. ( TWSE:3708 ) shares have continued their recent momentum with a 25% gain in the last month...
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$128, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 26x in the Chemicals industry in Taiwan. Total returns to shareholders of 3.9% over the past three years.
Reported Earnings • Mar 13Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$12.88 (up from NT$9.48 in FY 2022). Revenue: NT$7.29b (down 25% from FY 2022). Net income: NT$1.26b (up 39% from FY 2022). Profit margin: 17% (up from 9.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Mar 12Swancor Holding Co., LTD., Annual General Meeting, May 31, 2024Swancor Holding Co., LTD., Annual General Meeting, May 31, 2024. Location: No. 588, Dongmin Rd Nantou City Taiwan Agenda: To consider and approve the 2023 business report; to consider and approve the 2023 Audit Committee's review report; to consider and approve the 2023 distribution of employees' and directors' remuneration report; to consider and approve the 2021 Report on the Issuance of 3rd domestic Secured Convertible Corporate; to consider and approve the Execution report of repurchase treasury shares; and to consider and approve other matters of business.
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$112, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Chemicals industry in Taiwan. Total loss to shareholders of 21% over the past three years.
Major Estimate Revision • Nov 15Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.56b to NT$7.28b. EPS estimate also fell from NT$15.65 per share to NT$13.74 per share. Net income forecast to shrink 55% next year vs 35% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$100.00 to NT$90.00. Share price was steady at NT$96.00 over the past week.
Price Target Changed • Nov 14Price target decreased by 15% to NT$90.00Down from NT$107, the current price target is an average from 2 analysts. New target price is 5.3% below last closing price of NT$95.00. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$13.74 for next year compared to NT$9.48 last year.
Reported Earnings • Nov 09Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$5.66 (down from NT$6.46 in 3Q 2022). Revenue: NT$1.92b (down 18% from 3Q 2022). Net income: NT$552.4m (down 12% from 3Q 2022). Profit margin: 29% (up from 27% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 35%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • Aug 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 71% 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: Major Risk Earnings are forecast to decline by an average of 63% per year for the foreseeable future. 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.
お知らせ • Aug 10Stonepeak Oceanview Taiwan Co., Ltd. agreed to acquire 5% stake in Synera Renewable Energy Co., Ltd. from Swancor Holding Co., LTD. (TWSE:3708) for $8 million.Stonepeak Oceanview Taiwan Co., Ltd. agreed to acquire 5% stake in Synera Renewable Energy Co., Ltd. from Swancor Holding Co., LTD. (TWSE:3708) for $8 million on August 8, 2023. The deal has been approved by board of directors of Swancor Holding Co., LTD., and is subject to approval from Investment Commission Ministry of Economic Affairs. Hu Hsiang-Ning of Yangtze CPAs & Co acted as accountant to Swancor Holding Co., LTD.
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$7.11 (up from NT$1.10 in 2Q 2022). Revenue: NT$1.72b (down 35% from 2Q 2022). Net income: NT$692.6m (up NT$590.2m from 2Q 2022). Profit margin: 40% (up from 3.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Aug 09Swancor Holding Co., LTD. Announces Corporate Governance Officer ChangesSwancor Holding Co., LTD. announced the resignation of Chia-Min Hung as Corporate governance officer of the company and appointed Li-Min Hung /Associate Manager of the company as Corporate governance officer of the company, with effect from August 8, 2023.
Upcoming Dividend • Jun 21Upcoming dividend of NT$5.00 per share at 5.2% yieldEligible shareholders must have bought the stock before 28 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.5%).
お知らせ • May 30Swancor Holding Co., LTD. Announces Cash Dividend, Payable on July 25, 2023Swancor Holding Co., LTD. announced Cash dividends of TWD 487,090,520 or TWD 5 per share. Ex-rights (ex-dividend) record date is July 4, 2023. Payment date of cash dividend distribution is July 25, 2023. Ex-rights (ex-dividend) trading date is June 28, 2023.
Major Estimate Revision • May 27Consensus revenue estimates decrease by 32%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$11.4b to NT$7.74b. EPS estimate increased from NT$14.52 to NT$15.71 per share. Net income forecast to grow 46% next year vs 12% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$107 to NT$110. Share price was steady at NT$96.60 over the past week.
Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.20 (down from NT$0.63 in 1Q 2022). Revenue: NT$1.70b (down 32% from 1Q 2022). Net income: NT$19.1m (down 67% from 1Q 2022). Profit margin: 1.1% (down from 2.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 78%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target decreased to NT$104Down from NT$122, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$93.20. Stock is up 1.2% over the past year. The company is forecast to post earnings per share of NT$9.30 for next year compared to NT$2.01 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Sheng-Chung Lin was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 04Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$6.46 (up from NT$0.098 loss in 3Q 2021). Revenue: NT$2.36b (flat on 3Q 2021). Net income: NT$629.0m (up NT$638.1m from 3Q 2021). Profit margin: 27% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Taiwan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$101, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.
Price Target Changed • Aug 09Price target decreased to NT$145Down from NT$163, the current price target is an average from 2 analysts. New target price is 42% above last closing price of NT$102. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$2.01 last year.
Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$1.10 (up from NT$0.41 in 2Q 2021). Revenue: NT$2.62b (down 6.2% from 2Q 2021). Net income: NT$102.4m (up 172% from 2Q 2021). Profit margin: 3.9% (up from 1.3% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 22% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Aug 06Swancor Holding Co., LTD. Announces Establish the Sustainable Development Committee and to Appoint Members of Sustainable Development CommitteeSwancor Holding Co., LTD. announced that its board of directors established the sustainable development committee and appointed members of sustainable development committee. Name of the new position holder: Jau-Yang Tsai, Kuei-Tuan Chen, Pan-Chiang Yang, Hsiao-Yi Tsai, Hsiu-Chun Wang, Jui-Hua Li, Sheng-Chung Lin and Chung-Ming Liu. Resume of the new position holder: Jau-Yang Tsai, Chairman and General manager of the Company; Kuei-Tuan Chen, Director of the Company; Pan-Chiang Yang, Director of the Company; Hsiao-Yi Tsai, Director of the Company; Hsiu-Chun Wang, Independent Director of the Company; Jui-Hua Li, Independent Director of the Company; Sheng-Chung Lin, Independent Director of the Company; Chung-Ming Liu, Independent Director of the Company. Effective date of the new member: August 5, 2022.
Buying Opportunity • Jul 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be NT$131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 481% in the next year.
Upcoming Dividend • Jul 01Upcoming dividend of NT$1.43 per shareEligible shareholders must have bought the stock before 08 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.1%).
お知らせ • Jun 23Swancor Holding Co., LTD. Adjusts the Cash Dividend RatioSwancor Holding Co., LTD. announced the Company Adjusts the Cash Dividend Ratio. Type and monetary amount of original dividend distribution: Cash dividend TWD 139,187,406, TWD 1.5 per share. Type and monetary amount of dividend distribution after the change: Cash dividend TWD 139,187,406, TWD 1.42927328 per share. Reason for the change: Due to the conversion of the company's corporate bonds into ordinary shares, the number of outstanding shares has been changed. The board of directors is authorized to adjust the dividend rate according to the resolution of the shareholders' meeting, and the chairman is authorized to deal with it solely by the resolution of the board of directors on June 10, 2022.
お知らせ • Jun 11Swancor Holding Co., LTD. Approves Cash Dividends, Payable on August 5, 2022Swancor Holding Co., LTD. at its meeting held on June 10, 2022 approved Cash dividends of TWD 139,187,406 (TWD 1.5 per share). Ex-rights (ex-dividend) trading date is July 8, 2022. Ex-rights (ex-dividend) record date July 16, 2022. The payment date of cash dividend is August 5, 2022.
Reported Earnings • May 09First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.63 (up from NT$0.59 in 1Q 2021). Revenue: NT$2.49b (down 5.3% from 1Q 2021). Net income: NT$58.3m (up 6.5% from 1Q 2021). Profit margin: 2.3% (up from 2.1% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 59%. Over the next year, revenue is forecast to grow 21% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
Price Target Changed • Apr 27Price target increased to NT$154Up from NT$135, the current price target is an average from 3 analysts. New target price is 10% above last closing price of NT$140. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of NT$9.35 for next year compared to NT$2.01 last year.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sheng-Chung Lin was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$130, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$101 per share.
Major Estimate Revision • Mar 30Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$11.4b to NT$12.1b. EPS estimate increased from NT$8.24 to NT$9.21 per share. Net income forecast to grow 360% next year vs 17% decline forecast for Chemicals industry in Taiwan. Consensus price target up from NT$99.33 to NT$109. Share price rose 6.9% to NT$106 over the past week.
Reported Earnings • Mar 14Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$2.01 (down from NT$6.82 in FY 2020). Revenue: NT$10.7b (up 8.5% from FY 2020). Net income: NT$185.9m (down 70% from FY 2020). Profit margin: 1.7% (down from 6.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 53%. Over the next year, revenue is forecast to grow 10% compared to a 2.4% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 07Third quarter 2021 earnings released: NT$0.10 loss per share (vs NT$2.41 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$2.37b (down 21% from 3Q 2020). Net loss: NT$9.09m (down 104% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$104, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$61.80 per share.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$90.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$55.72 per share.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$2.73 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.80b (up 19% from 2Q 2020). Net income: NT$37.6m (down 85% from 2Q 2020). Profit margin: 1.3% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 03Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 06 September 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to NT$112, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$123 per share.
Major Estimate Revision • May 12Consensus EPS estimates fall to NT$11.80The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$13.4b to NT$12.9b. EPS estimate also fell from NT$13.76 to NT$11.80. Net income forecast to grow 105% next year vs 27% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$175 to NT$147. Share price fell 8.2% to NT$123 over the past week.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.49 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$2.63b (up 137% from 1Q 2020). Net income: NT$54.7m (up 22% from 1Q 2020). Profit margin: 2.1% (down from 4.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 20Price target decreased to NT$175Down from NT$190, the current price target is an average from 3 analysts. New target price is 23% above last closing price of NT$142. Stock is up 117% over the past year.
分析記事 • Apr 08Is Now The Time To Put Swancor Holding (TPE:3708) On Your Watchlist?Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
分析記事 • Mar 27These 4 Measures Indicate That Swancor Holding (TPE:3708) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Mar 24Price target decreased to NT$178Down from NT$200, the current price target is an average from 3 analysts. New target price is 31% above last closing price of NT$136. Stock is up 142% over the past year.
Major Estimate Revision • Mar 24Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$12.7b to NT$13.4b. EPS estimate fell from NT$15.76 to NT$13.76 per share. Net income forecast to grow 102% next year vs 39% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$200 to NT$178. Share price was steady at NT$136 over the past week.
分析記事 • Mar 15Is Swancor Holding Co., LTD. (TPE:3708) A Good Dividend Stock?Is Swancor Holding Co., LTD. ( TPE:3708 ) a good dividend stock? How can we tell? Dividend paying companies with...
Analyst Estimate Surprise Post Earnings • Mar 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 29%, compared to a 16% growth forecast for the Chemicals industry in Taiwan.
Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$6.82 (vs NT$4.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$9.87b (up 60% from FY 2019). Net income: NT$626.0m (up 67% from FY 2019). Profit margin: 6.3% (up from 6.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 09Swancor Holding Co., LTD., Annual General Meeting, Mar 08, 2021Swancor Holding Co., LTD., Annual General Meeting, Mar 08, 2021. Location: No. 11, Gongye S. 6th Rd., Nantou City Nantou Taiwan Agenda: To consider the impact of the first adoption of IFRSs; to consider 2019 Supervisor inspection report; to consider 2020 business report; to consider 2020 Supervisor inspection report; to consider 2020 distribution of employees',directors' and supervisors' remuneration; to consider Cause for convening the meeting acknowledged matters: Ratification of 2019 (IFRSs) financial statements; to consider 2020 business report and financial statements; to consider 2020 earnings distribution; and to consider other matter.
分析記事 • Mar 02Are Swancor Holding Co., LTD.'s (TPE:3708) Mixed Financials Driving The Negative Sentiment?Swancor Holding (TPE:3708) has had a rough three months with its share price down 11%. It is possible that the markets...
分析記事 • Feb 17Swancor Holding Co., LTD. (TPE:3708) Shares Could Be 49% Below Their Intrinsic Value EstimateDoes the February share price for Swancor Holding Co., LTD. ( TPE:3708 ) reflect what it's really worth? Today, we will...
分析記事 • Feb 03Is It Too Late To Consider Buying Swancor Holding Co., LTD. (TPE:3708)?Swancor Holding Co., LTD. ( TPE:3708 ), might not be a large cap stock, but it received a lot of attention from a...
分析記事 • Jan 18The Returns At Swancor Holding (TPE:3708) Provide Us With Signs Of What's To ComeDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Is New 90 Day High Low • Jan 14New 90-day low: NT$141The company is down 15% from its price of NT$166 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$285 per share.
分析記事 • Jan 03Shareholders Of Swancor Holding (TPE:3708) Must Be Happy With Their 114% Total ReturnOne simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...
分析記事 • Dec 21I Ran A Stock Scan For Earnings Growth And Swancor Holding (TPE:3708) Passed With EaseSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
分析記事 • Dec 08Is Swancor Holding (TPE:3708) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Nov 25Swancor Holding Co., LTD.'s (TPE:3708) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?Swancor Holding's (TPE:3708) stock is up by a considerable 25% over the past three months. However, we decided to pay...
Is New 90 Day High Low • Nov 09New 90-day high: NT$177The company is up 72% from its price of NT$103 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$114 per share.