Coremax（4739）株式概要コアマックス・コーポレーションは台湾で金属ベースの特殊化学品と電子／電池材料の研究、開発、製造、販売を行っている。 詳細4739 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績3/6財務の健全性4/6配当金1/6報酬過去1年間で収益は348.9%増加しました リスク分析高いレベルの非現金収入 過去5年間で収益は年間29.4%減少しました。 すべてのリスクチェックを見る4739 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$123.50668.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture08b2016201920222025202620282031Revenue NT$4.8bEarnings NT$252.0mAdvancedSet Fair ValueView all narrativesCoremax Corporation 競合他社San Fu ChemicalSymbol: TWSE:4755Market cap: NT$14.7bAllied SupremeSymbol: TWSE:4770Market cap: NT$17.2bNANTEX IndustrySymbol: TWSE:2108Market cap: NT$14.1bJohnson Fine ChemicalSymbol: TPEX:7763Market cap: NT$11.2b価格と性能株価の高値、安値、推移の概要Coremax過去の株価現在の株価NT$123.5052週高値NT$134.5052週安値NT$44.10ベータ1.041ヶ月の変化34.97%3ヶ月変化49.15%1年変化172.03%3年間の変化34.39%5年間の変化32.94%IPOからの変化274.24%最新ニュースUpcoming Dividend • Jun 15Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 16 July 2026. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.5%).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$119, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.Declared Dividend • May 27Dividend increased to NT$1.00Dividend of NT$1.00 is 5.3% higher than last year. Ex-date: 22nd June 2026 Payment date: 16th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.23 loss in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.23 loss in 1Q 2025). Revenue: NT$2.37b (up 125% from 1Q 2025). Net income: NT$186.0m (up NT$213.5m from 1Q 2025). Profit margin: 7.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$85.10, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 32x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total loss to shareholders of 3.5% over the past three years.最新情報をもっと見るRecent updatesUpcoming Dividend • Jun 15Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 16 July 2026. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.5%).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$119, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.Declared Dividend • May 27Dividend increased to NT$1.00Dividend of NT$1.00 is 5.3% higher than last year. Ex-date: 22nd June 2026 Payment date: 16th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.23 loss in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.23 loss in 1Q 2025). Revenue: NT$2.37b (up 125% from 1Q 2025). Net income: NT$186.0m (up NT$213.5m from 1Q 2025). Profit margin: 7.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$85.10, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 32x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total loss to shareholders of 3.5% over the past three years.New Risk • Mar 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).お知らせ • Mar 06Coremax Corporation, Annual General Meeting, May 25, 2026Coremax Corporation, Annual General Meeting, May 25, 2026. Location: no,22, chung hua rd., feng shan ts`un, hukou township, hsinchu county TaiwanNew Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin).お知らせ • Jan 06Coremax Corporation has filed a Follow-on Equity Offering in the amount of TWD 29.58 million.Coremax Corporation has filed a Follow-on Equity Offering in the amount of TWD 29.58 million. Security Name: Shares Security Type: Common Stock Securities Offered: 510,000 Price\Range: TWD 58New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% 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 have declined by 30% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin).Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.71 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.71 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.76b (up 77% from 3Q 2024). Net income: NT$84.2m (up 114% from 3Q 2024). Profit margin: 4.8% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.06 (down from NT$0.48 in 2Q 2024). Revenue: NT$1.45b (up 31% from 2Q 2024). Net income: NT$6.66m (down 88% from 2Q 2024). Profit margin: 0.5% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$53.40, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 54% over the past three years.Upcoming Dividend • Jun 18Upcoming dividend of NT$0.95 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 21 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.1%).Declared Dividend • May 31Dividend increased to NT$0.95Dividend of NT$0.95 is 19% higher than last year. Ex-date: 25th June 2025 Payment date: 21st July 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (126% 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 40% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.New Risk • May 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 have declined by 17% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • May 15First quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.45 profit in 1Q 2024)First quarter 2025 results: NT$0.23 loss per share (down from NT$0.45 profit in 1Q 2024). Revenue: NT$1.05b (down 3.4% from 1Q 2024). Net loss: NT$27.4m (down 152% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 58% over the past three years.お知らせ • May 01Coremax Corporation to Report Q1, 2025 Results on May 09, 2025Coremax Corporation announced that they will report Q1, 2025 results on May 09, 2025Buy Or Sell Opportunity • Apr 10Now 32% overvaluedOver the last 90 days, the stock has fallen 18% to NT$43.65. The fair value is estimated to be NT$33.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$44.10, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total loss to shareholders of 69% over the past three years.New Risk • Mar 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 loss in FY 2023)Full year 2024 results: EPS: NT$1.44 (up from NT$0.93 loss in FY 2023). Revenue: NT$4.10b (down 22% from FY 2023). Net income: NT$169.0m (up NT$269.3m from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.お知らせ • Feb 26Coremax Corporation, Annual General Meeting, May 28, 2025Coremax Corporation, Annual General Meeting, May 28, 2025. Location: no,366, hsin hu rd., singpu township, hsinchu county Taiwanお知らせ • Feb 18Coremax Corporation to Report Q4, 2024 Results on Feb 25, 2025Coremax Corporation announced that they will report Q4, 2024 results on Feb 25, 2025分析記事 • Dec 19Is Coremax (TWSE:4739) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Nov 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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 have declined by 7.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.19 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.34 (up from NT$0.19 loss in 3Q 2023). Revenue: NT$997.0m (down 13% from 3Q 2023). Net income: NT$39.3m (up NT$59.5m from 3Q 2023). Profit margin: 3.9% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.お知らせ • Nov 01Coremax Corporation to Report Q3, 2024 Results on Nov 08, 2024Coremax Corporation announced that they will report Q3, 2024 results on Nov 08, 2024分析記事 • Aug 19Coremax's (TWSE:4739) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Coremax Corporation's ( TWSE:4739 ) recent earnings didn't contain any...Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.052 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.48 (up from NT$0.052 in 2Q 2023). Revenue: NT$1.10b (down 25% from 2Q 2023). Net income: NT$56.3m (up NT$50.8m from 2Q 2023). Profit margin: 5.1% (up from 0.4% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.分析記事 • Aug 06Coremax Corporation (TWSE:4739) May Have Run Too Fast Too Soon With Recent 26% Price PlummetCoremax Corporation ( TWSE:4739 ) shareholders won't be pleased to see that the share price has had a very rough month...お知らせ • Aug 02Coremax Corporation to Report Q2, 2024 Results on Aug 08, 2024Coremax Corporation announced that they will report Q2, 2024 results on Aug 08, 2024Upcoming Dividend • Jun 17Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 18 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.2%).お知らせ • May 29Coremax Corporation Announces Change of Representative of Juristic-Person DirectorCoremax Corporation announced change of representative of juristic-person director. Date of occurrence of the change is May 28, 2024. Name of legal person:Chang Xing Investment Co. Ltd. Name of the previous position holder:Lai, Ching-Yuan Resume of the previous position holder: General manager of Uranus Chemicals Co. Ltd. Name of the new position holder:Huang, Chao-Hui Resume of the new position holder: Chief technology officer of Coremax Corporation Effective date of the new appointment is May 28, 2024. .Original term is June 30, 2023 to June 29, 2026.Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.45 (vs NT$0.52 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.45 (up from NT$0.52 loss in 1Q 2023). Revenue: NT$1.09b (down 29% from 1Q 2023). Net income: NT$53.0m (up NT$107.6m from 1Q 2023). Profit margin: 4.9% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Mar 05Full year 2023 earnings released: NT$0.93 loss per share (vs NT$4.72 profit in FY 2022)Full year 2023 results: NT$0.93 loss per share (down from NT$4.72 profit in FY 2022). Revenue: NT$5.23b (down 42% from FY 2022). Net loss: NT$100.2m (down 120% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Feb 28+ 1 more updateCoremax Corporation Announces Appointment of Huang, Chao-Hui as Chief Technology OfficerCoremax Corporation announced appointment of Huang, Chao-Hui as chief technology officer. Effective date is February 27, 2024.Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.19 loss per share (vs NT$1.04 profit in 3Q 2022)Third quarter 2023 results: NT$0.19 loss per share (down from NT$1.04 profit in 3Q 2022). Revenue: NT$1.15b (down 48% from 3Q 2022). Net loss: NT$20.2m (down 119% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • Oct 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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: Minor Risks Dividend is not well covered by earnings (427% payout ratio). Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding).お知らせ • Aug 23Coremax Corporation has completed a Follow-on Equity Offering in the amount of TWD 816 million.Coremax Corporation has completed a Follow-on Equity Offering in the amount of TWD 816 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,200,000 Price\Range: TWD 68 Security Name: Common Shares Security Type: Common Stock Securities Offered: 9,600,000 Price\Range: TWD 68 Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,200,000 Price\Range: TWD 68Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.05 (vs NT$1.80 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.05 (down from NT$1.80 in 2Q 2022). Revenue: NT$1.46b (down 48% from 2Q 2022). Net income: NT$5.47m (down 97% from 2Q 2022). Profit margin: 0.4% (down from 6.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 25Upcoming dividend of NT$3.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 06 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%).お知らせ • Jul 01+ 2 more updatesCoremax Corporation Announces Audit Committee ChangesCoremax Corporation announced the company's new members of Audit Committee. Name of the previous position holder: Wang, Wen-Tsung, Hsu, I-Ping and Chang, Yuan-Lung. Resume of the previous position holder: Wang, Wen-Tsung, independent director of the company; Hsu, I-Ping, independent director of the company; Chang, Yuan-Lung, independent director of the company. Name of the new position holder: Chang, Yuan-Lung, Huang, Ching-Jung, Tai, Ai-Fen and Liu, Wen-Jang. Resume of the new position holder: Chang, Yuan-Lung, independent director of the company; Huang, Ching-Jung, independent director of the company; Tai, Ai-Fen, independent director of the company; Liu, Wen-Jang, independent director of the company. Effective date of the new member is June 30, 2023.Reported Earnings • Mar 10Full year 2022 earnings released: EPS: NT$4.72 (vs NT$4.67 in FY 2021)Full year 2022 results: EPS: NT$4.72 (up from NT$4.67 in FY 2021). Revenue: NT$9.08b (up 24% from FY 2021). Net income: NT$493.2m (up 6.5% from FY 2021). Profit margin: 5.4% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to NT$179Up from NT$135, the current price target is provided by 1 analyst. New target price is 82% above last closing price of NT$98.10. Stock is down 37% over the past year. The company posted earnings per share of NT$4.67 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Director Hsien Chiu was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$1.03 (vs NT$1.42 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.03 (down from NT$1.42 in 3Q 2021). Revenue: NT$2.20b (up 17% from 3Q 2021). Net income: NT$108.5m (down 23% from 3Q 2021). Profit margin: 4.9% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$83.20, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 14% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$94.70, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 26% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.80 (vs NT$1.15 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.80 (up from NT$1.15 in 2Q 2021). Revenue: NT$2.81b (up 54% from 2Q 2021). Net income: NT$187.5m (up 65% from 2Q 2021). Profit margin: 6.7% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 17Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (6.9%).お知らせ • May 29Coremax Corporation Announces Cash Dividend, Payable on July 20, 2022Coremax Corporation announced Cash dividends to common share holders TWD 316,812,807 (TWD 3 per share), Date of the resolution by the board of directors or shareholders meeting or decision by the Company: May 27, 2022. Ex-rights (ex-dividend) record date: July 2, 2022. Cash dividend will be paid on July 20, 2022. Ex-rights (ex-dividend) trading date: June 24, 2022.Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$1.76 (vs NT$1.00 in 1Q 2021)First quarter 2022 results: EPS: NT$1.76 (up from NT$1.00 in 1Q 2021). Revenue: NT$2.46b (up 45% from 1Q 2021). Net income: NT$182.7m (up 90% from 1Q 2021). Profit margin: 7.4% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to NT$179Up from NT$135, the current price target is provided by 1 analyst. New target price is 34% above last closing price of NT$134. Stock is up 58% over the past year. The company posted earnings per share of NT$4.67 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. VP, CFO & Representative Director Chih-Hsien Weng was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$4.67 (up from NT$1.73 in FY 2020). Revenue: NT$7.34b (up 39% from FY 2020). Net income: NT$462.9m (up 198% from FY 2020). Profit margin: 6.3% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 56%. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$1.42 (vs NT$0.78 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.88b (up 32% from 3Q 2020). Net income: NT$140.5m (up 102% from 3Q 2020). Profit margin: 7.5% (up from 4.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$141, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 70% over the past three years.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$120, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 63% over the past three years.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$126, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 40% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.14 (vs NT$0.045 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.82b (up 48% from 2Q 2020). Net income: NT$113.6m (up NT$109.5m from 2Q 2020). Profit margin: 6.2% (up from 0.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$132, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 20 July 2021. Payment date: 13 August 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$92.90, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total loss to shareholders of 20% over the past three years.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$63.40, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 41% over the past three years.Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.15 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.69b (up 25% from 1Q 2020). Net income: NT$96.1m (up NT$82.4m from 1Q 2020). Profit margin: 5.7% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 29% over the past three years.分析記事 • Mar 30Is Coremax Corporation (TPE:4739) A Good Dividend Stock?Could Coremax Corporation ( TPE:4739 ) be an attractive dividend share to own for the long haul? Investors are often...お知らせ • Mar 12Coremax Corporation, Annual General Meeting, Jun 04, 2021Coremax Corporation, Annual General Meeting, Jun 04, 2021.Is New 90 Day High Low • Mar 11New 90-day high: NT$73.60The company is up 22% from its price of NT$60.40 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period.分析記事 • Mar 05We're Watching These Trends At Coremax (TPE:4739)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$1.73 (vs NT$1.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.29b (down 17% from FY 2019). Net income: NT$155.2m (up 21% from FY 2019). Profit margin: 2.9% (up from 2.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.分析記事 • Feb 15Coremax (TPE:4739) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Jan 29Shareholders Of Coremax (TPE:4739) Must Be Happy With Their 88% ReturnIt might be of some concern to shareholders to see the Coremax Corporation ( TPE:4739 ) share price down 17% in the...分析記事 • Jan 14Coremax Corporation's (TPE:4739) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Most readers would already be aware that Coremax's (TPE:4739) stock increased significantly by 24% over the past three...分析記事 • Dec 30Are Dividend Investors Getting More Than They Bargained For With Coremax Corporation's (TPE:4739) Dividend?Could Coremax Corporation ( TPE:4739 ) be an attractive dividend share to own for the long haul? Investors are often...Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$73.50, the stock is trading at a trailing P/E ratio of 54.6x, up from the previous P/E ratio of 46.3x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total return to shareholders over the past three years is a loss of 30%.Is New 90 Day High Low • Dec 24New 90-day high: NT$62.70The company is up 12% from its price of NT$56.10 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period.分析記事 • Dec 15Are Coremax's (TPE:4739) Statutory Earnings A Good Guide To Its Underlying Profitability?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...分析記事 • Nov 30Here's What To Make Of Coremax's (TPE:4739) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world...Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.77The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.43b (down 16% from 3Q 2019). Net income: NT$69.4m (up 12% from 3Q 2019). Profit margin: 4.9% (up from 3.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 22New 90-day low: NT$54.30The company is down 12% from its price of NT$61.50 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is flat over the same period.株主還元4739TW ChemicalsTW 市場7D1.6%14.5%5.3%1Y172.0%118.1%109.6%株主還元を見る業界別リターン: 4739過去 1 年間で118.1 % の収益を上げたTW Chemicals業界を上回りました。リターン対市場: 4739過去 1 年間で109.6 % の収益を上げたTW市場を上回りました。価格変動Is 4739's price volatile compared to industry and market?4739 volatility4739 Average Weekly Movement9.3%Chemicals Industry Average Movement7.2%Market Average Movement6.3%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 4739 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 4739の 週次ボラティリティ ( 9% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1992n/aEugene Lawrence Howww.coremaxcorp.comコアマックス・コーポレーションは台湾で金属ベースの特殊化学品と電子／電池材料の研究、開発、製造、販売を行っている。同社は、酢酸コバルト、酢酸マンガン、酢酸マンガン、臭化コバルト、臭化コバルト、臭化マンガン、再生臭化コバルトマンガン溶液などの液体状の触媒や、酢酸コバルト、酢酸マンガンなどの結晶状の触媒を提供している。また、水酸化コバルト、硫酸コバルト、酸化コバルト、電子・工業用硫酸、ITOエッチング、Crエッチング、硫酸ニッケル、シュウ酸、タイヤ、顔料、塗料、電子・電池、伝統産業で使用される塩化スズ二水和物などの特殊化学品や電池材料、農業用の有機・化成肥料も提供している。旧社名はコアマックス台湾株式会社で、2000年にコアマックス株式会社に社名を変更した。コアマックス・コーポレーションは1992年に設立され、台湾の新竹市に本社を置いている。もっと見るCoremax Corporation 基礎のまとめCoremax の収益と売上を時価総額と比較するとどうか。4739 基礎統計学時価総額NT$14.57b収益（TTM）NT$397.79m売上高(TTM)NT$7.51b36.6xPER（株価収益率1.9xP/Sレシオ4739 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4739 損益計算書（TTM）収益NT$7.51b売上原価NT$6.44b売上総利益NT$1.07bその他の費用NT$674.67m収益NT$397.79m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.37グロス・マージン14.28%純利益率5.30%有利子負債／自己資本比率77.6%4739 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.8%現在の配当利回り64%配当性向4739 配当は確実ですか？4739 配当履歴とベンチマークを見る4739 、いつまでに購入すれば配当金を受け取れますか？Coremax 配当日配当落ち日Jun 22 2026配当支払日Jul 16 2026配当落ちまでの日数2 days配当支払日までの日数26 days4739 配当は確実ですか？4739 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 10:45終値2026/06/18 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Coremax Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Yanlun LinCapital Securities CorporationYi-Pang LinSinoPac Securities Investment Service
Upcoming Dividend • Jun 15Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 16 July 2026. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.5%).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$119, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.
Declared Dividend • May 27Dividend increased to NT$1.00Dividend of NT$1.00 is 5.3% higher than last year. Ex-date: 22nd June 2026 Payment date: 16th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.23 loss in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.23 loss in 1Q 2025). Revenue: NT$2.37b (up 125% from 1Q 2025). Net income: NT$186.0m (up NT$213.5m from 1Q 2025). Profit margin: 7.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$85.10, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 32x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total loss to shareholders of 3.5% over the past three years.
Upcoming Dividend • Jun 15Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 16 July 2026. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.5%).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$119, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 33x in the Chemicals industry in Taiwan. Total returns to shareholders of 35% over the past three years.
Declared Dividend • May 27Dividend increased to NT$1.00Dividend of NT$1.00 is 5.3% higher than last year. Ex-date: 22nd June 2026 Payment date: 16th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.23 loss in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.23 loss in 1Q 2025). Revenue: NT$2.37b (up 125% from 1Q 2025). Net income: NT$186.0m (up NT$213.5m from 1Q 2025). Profit margin: 7.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$85.10, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 32x in the Chemicals industry in Taiwan. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 29x in the Chemicals industry in Taiwan. Total loss to shareholders of 3.5% over the past three years.
New Risk • Mar 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).
お知らせ • Mar 06Coremax Corporation, Annual General Meeting, May 25, 2026Coremax Corporation, Annual General Meeting, May 25, 2026. Location: no,22, chung hua rd., feng shan ts`un, hukou township, hsinchu county Taiwan
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin).
お知らせ • Jan 06Coremax Corporation has filed a Follow-on Equity Offering in the amount of TWD 29.58 million.Coremax Corporation has filed a Follow-on Equity Offering in the amount of TWD 29.58 million. Security Name: Shares Security Type: Common Stock Securities Offered: 510,000 Price\Range: TWD 58
New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% 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 have declined by 30% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin).
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.71 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.71 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.76b (up 77% from 3Q 2024). Net income: NT$84.2m (up 114% from 3Q 2024). Profit margin: 4.8% (up from 3.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.06 (down from NT$0.48 in 2Q 2024). Revenue: NT$1.45b (up 31% from 2Q 2024). Net income: NT$6.66m (down 88% from 2Q 2024). Profit margin: 0.5% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
New Risk • Jul 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$53.40, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 54% over the past three years.
Upcoming Dividend • Jun 18Upcoming dividend of NT$0.95 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 21 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.1%).
Declared Dividend • May 31Dividend increased to NT$0.95Dividend of NT$0.95 is 19% higher than last year. Ex-date: 25th June 2025 Payment date: 21st July 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (126% 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 40% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend.
New Risk • May 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 have declined by 17% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 15First quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.45 profit in 1Q 2024)First quarter 2025 results: NT$0.23 loss per share (down from NT$0.45 profit in 1Q 2024). Revenue: NT$1.05b (down 3.4% from 1Q 2024). Net loss: NT$27.4m (down 152% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 19x in the Chemicals industry in Taiwan. Total loss to shareholders of 58% over the past three years.
お知らせ • May 01Coremax Corporation to Report Q1, 2025 Results on May 09, 2025Coremax Corporation announced that they will report Q1, 2025 results on May 09, 2025
Buy Or Sell Opportunity • Apr 10Now 32% overvaluedOver the last 90 days, the stock has fallen 18% to NT$43.65. The fair value is estimated to be NT$33.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$44.10, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 18x in the Chemicals industry in Taiwan. Total loss to shareholders of 69% over the past three years.
New Risk • Mar 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 loss in FY 2023)Full year 2024 results: EPS: NT$1.44 (up from NT$0.93 loss in FY 2023). Revenue: NT$4.10b (down 22% from FY 2023). Net income: NT$169.0m (up NT$269.3m from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 26Coremax Corporation, Annual General Meeting, May 28, 2025Coremax Corporation, Annual General Meeting, May 28, 2025. Location: no,366, hsin hu rd., singpu township, hsinchu county Taiwan
お知らせ • Feb 18Coremax Corporation to Report Q4, 2024 Results on Feb 25, 2025Coremax Corporation announced that they will report Q4, 2024 results on Feb 25, 2025
分析記事 • Dec 19Is Coremax (TWSE:4739) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Nov 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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 have declined by 7.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.19 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.34 (up from NT$0.19 loss in 3Q 2023). Revenue: NT$997.0m (down 13% from 3Q 2023). Net income: NT$39.3m (up NT$59.5m from 3Q 2023). Profit margin: 3.9% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 01Coremax Corporation to Report Q3, 2024 Results on Nov 08, 2024Coremax Corporation announced that they will report Q3, 2024 results on Nov 08, 2024
分析記事 • Aug 19Coremax's (TWSE:4739) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Coremax Corporation's ( TWSE:4739 ) recent earnings didn't contain any...
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.052 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.48 (up from NT$0.052 in 2Q 2023). Revenue: NT$1.10b (down 25% from 2Q 2023). Net income: NT$56.3m (up NT$50.8m from 2Q 2023). Profit margin: 5.1% (up from 0.4% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 06Coremax Corporation (TWSE:4739) May Have Run Too Fast Too Soon With Recent 26% Price PlummetCoremax Corporation ( TWSE:4739 ) shareholders won't be pleased to see that the share price has had a very rough month...
お知らせ • Aug 02Coremax Corporation to Report Q2, 2024 Results on Aug 08, 2024Coremax Corporation announced that they will report Q2, 2024 results on Aug 08, 2024
Upcoming Dividend • Jun 17Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 18 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.2%).
お知らせ • May 29Coremax Corporation Announces Change of Representative of Juristic-Person DirectorCoremax Corporation announced change of representative of juristic-person director. Date of occurrence of the change is May 28, 2024. Name of legal person:Chang Xing Investment Co. Ltd. Name of the previous position holder:Lai, Ching-Yuan Resume of the previous position holder: General manager of Uranus Chemicals Co. Ltd. Name of the new position holder:Huang, Chao-Hui Resume of the new position holder: Chief technology officer of Coremax Corporation Effective date of the new appointment is May 28, 2024. .Original term is June 30, 2023 to June 29, 2026.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.45 (vs NT$0.52 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.45 (up from NT$0.52 loss in 1Q 2023). Revenue: NT$1.09b (down 29% from 1Q 2023). Net income: NT$53.0m (up NT$107.6m from 1Q 2023). Profit margin: 4.9% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Mar 05Full year 2023 earnings released: NT$0.93 loss per share (vs NT$4.72 profit in FY 2022)Full year 2023 results: NT$0.93 loss per share (down from NT$4.72 profit in FY 2022). Revenue: NT$5.23b (down 42% from FY 2022). Net loss: NT$100.2m (down 120% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 28+ 1 more updateCoremax Corporation Announces Appointment of Huang, Chao-Hui as Chief Technology OfficerCoremax Corporation announced appointment of Huang, Chao-Hui as chief technology officer. Effective date is February 27, 2024.
Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.19 loss per share (vs NT$1.04 profit in 3Q 2022)Third quarter 2023 results: NT$0.19 loss per share (down from NT$1.04 profit in 3Q 2022). Revenue: NT$1.15b (down 48% from 3Q 2022). Net loss: NT$20.2m (down 119% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • Oct 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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: Minor Risks Dividend is not well covered by earnings (427% payout ratio). Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding).
お知らせ • Aug 23Coremax Corporation has completed a Follow-on Equity Offering in the amount of TWD 816 million.Coremax Corporation has completed a Follow-on Equity Offering in the amount of TWD 816 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,200,000 Price\Range: TWD 68 Security Name: Common Shares Security Type: Common Stock Securities Offered: 9,600,000 Price\Range: TWD 68 Security Name: Common Shares Security Type: Common Stock Securities Offered: 1,200,000 Price\Range: TWD 68
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.05 (vs NT$1.80 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.05 (down from NT$1.80 in 2Q 2022). Revenue: NT$1.46b (down 48% from 2Q 2022). Net income: NT$5.47m (down 97% from 2Q 2022). Profit margin: 0.4% (down from 6.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 25Upcoming dividend of NT$3.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 06 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%).
お知らせ • Jul 01+ 2 more updatesCoremax Corporation Announces Audit Committee ChangesCoremax Corporation announced the company's new members of Audit Committee. Name of the previous position holder: Wang, Wen-Tsung, Hsu, I-Ping and Chang, Yuan-Lung. Resume of the previous position holder: Wang, Wen-Tsung, independent director of the company; Hsu, I-Ping, independent director of the company; Chang, Yuan-Lung, independent director of the company. Name of the new position holder: Chang, Yuan-Lung, Huang, Ching-Jung, Tai, Ai-Fen and Liu, Wen-Jang. Resume of the new position holder: Chang, Yuan-Lung, independent director of the company; Huang, Ching-Jung, independent director of the company; Tai, Ai-Fen, independent director of the company; Liu, Wen-Jang, independent director of the company. Effective date of the new member is June 30, 2023.
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: NT$4.72 (vs NT$4.67 in FY 2021)Full year 2022 results: EPS: NT$4.72 (up from NT$4.67 in FY 2021). Revenue: NT$9.08b (up 24% from FY 2021). Net income: NT$493.2m (up 6.5% from FY 2021). Profit margin: 5.4% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to NT$179Up from NT$135, the current price target is provided by 1 analyst. New target price is 82% above last closing price of NT$98.10. Stock is down 37% over the past year. The company posted earnings per share of NT$4.67 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Director Hsien Chiu was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$1.03 (vs NT$1.42 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.03 (down from NT$1.42 in 3Q 2021). Revenue: NT$2.20b (up 17% from 3Q 2021). Net income: NT$108.5m (down 23% from 3Q 2021). Profit margin: 4.9% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$83.20, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$94.70, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 26% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.80 (vs NT$1.15 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.80 (up from NT$1.15 in 2Q 2021). Revenue: NT$2.81b (up 54% from 2Q 2021). Net income: NT$187.5m (up 65% from 2Q 2021). Profit margin: 6.7% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 17Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (6.9%).
お知らせ • May 29Coremax Corporation Announces Cash Dividend, Payable on July 20, 2022Coremax Corporation announced Cash dividends to common share holders TWD 316,812,807 (TWD 3 per share), Date of the resolution by the board of directors or shareholders meeting or decision by the Company: May 27, 2022. Ex-rights (ex-dividend) record date: July 2, 2022. Cash dividend will be paid on July 20, 2022. Ex-rights (ex-dividend) trading date: June 24, 2022.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$1.76 (vs NT$1.00 in 1Q 2021)First quarter 2022 results: EPS: NT$1.76 (up from NT$1.00 in 1Q 2021). Revenue: NT$2.46b (up 45% from 1Q 2021). Net income: NT$182.7m (up 90% from 1Q 2021). Profit margin: 7.4% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to NT$179Up from NT$135, the current price target is provided by 1 analyst. New target price is 34% above last closing price of NT$134. Stock is up 58% over the past year. The company posted earnings per share of NT$4.67 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. VP, CFO & Representative Director Chih-Hsien Weng was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$4.67 (up from NT$1.73 in FY 2020). Revenue: NT$7.34b (up 39% from FY 2020). Net income: NT$462.9m (up 198% from FY 2020). Profit margin: 6.3% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 56%. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$1.42 (vs NT$0.78 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.88b (up 32% from 3Q 2020). Net income: NT$140.5m (up 102% from 3Q 2020). Profit margin: 7.5% (up from 4.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$141, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total returns to shareholders of 70% over the past three years.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$120, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 63% over the past three years.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$126, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 40% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.14 (vs NT$0.045 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.82b (up 48% from 2Q 2020). Net income: NT$113.6m (up NT$109.5m from 2Q 2020). Profit margin: 6.2% (up from 0.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$132, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 20 July 2021. Payment date: 13 August 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$92.90, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 16x in the Chemicals industry in Taiwan. Total loss to shareholders of 20% over the past three years.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$63.40, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 17x in the Chemicals industry in Taiwan. Total loss to shareholders of 41% over the past three years.
Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.15 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.69b (up 25% from 1Q 2020). Net income: NT$96.1m (up NT$82.4m from 1Q 2020). Profit margin: 5.7% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$88.90, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 21x in the Chemicals industry in Taiwan. Total loss to shareholders of 29% over the past three years.
分析記事 • Mar 30Is Coremax Corporation (TPE:4739) A Good Dividend Stock?Could Coremax Corporation ( TPE:4739 ) be an attractive dividend share to own for the long haul? Investors are often...
お知らせ • Mar 12Coremax Corporation, Annual General Meeting, Jun 04, 2021Coremax Corporation, Annual General Meeting, Jun 04, 2021.
Is New 90 Day High Low • Mar 11New 90-day high: NT$73.60The company is up 22% from its price of NT$60.40 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period.
分析記事 • Mar 05We're Watching These Trends At Coremax (TPE:4739)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$1.73 (vs NT$1.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.29b (down 17% from FY 2019). Net income: NT$155.2m (up 21% from FY 2019). Profit margin: 2.9% (up from 2.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 15Coremax (TPE:4739) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Jan 29Shareholders Of Coremax (TPE:4739) Must Be Happy With Their 88% ReturnIt might be of some concern to shareholders to see the Coremax Corporation ( TPE:4739 ) share price down 17% in the...
分析記事 • Jan 14Coremax Corporation's (TPE:4739) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Most readers would already be aware that Coremax's (TPE:4739) stock increased significantly by 24% over the past three...
分析記事 • Dec 30Are Dividend Investors Getting More Than They Bargained For With Coremax Corporation's (TPE:4739) Dividend?Could Coremax Corporation ( TPE:4739 ) be an attractive dividend share to own for the long haul? Investors are often...
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$73.50, the stock is trading at a trailing P/E ratio of 54.6x, up from the previous P/E ratio of 46.3x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total return to shareholders over the past three years is a loss of 30%.
Is New 90 Day High Low • Dec 24New 90-day high: NT$62.70The company is up 12% from its price of NT$56.10 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period.
分析記事 • Dec 15Are Coremax's (TPE:4739) Statutory Earnings A Good Guide To Its Underlying Profitability?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
分析記事 • Nov 30Here's What To Make Of Coremax's (TPE:4739) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world...
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.77The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.43b (down 16% from 3Q 2019). Net income: NT$69.4m (up 12% from 3Q 2019). Profit margin: 4.9% (up from 3.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 22New 90-day low: NT$54.30The company is down 12% from its price of NT$61.50 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is flat over the same period.
