GamesparcsLtd（6542）株式概要株式会社ゲームスパークスでは、ゲームの企画・開発・運営・ライセンス事業を行っております。 詳細6542 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性6/6配当金0/6リスク分析高いレベルの非現金収入 意味のある時価総額がありません ( NT$2B )利益率(0.2%)は昨年より低い(6%) すべてのリスクチェックを見る6542 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$46.1530.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-149m3b2016201920222025202620282031Revenue NT$1.1bEarnings NT$1.8mAdvancedSet Fair ValueView all narrativesGamesparcs Co.,Ltd. 競合他社MacroWell OMG Digital EntertainmentSymbol: TPEX:3687Market cap: NT$2.1bChinese Gamer InternationalSymbol: TPEX:3083Market cap: NT$2.4bUSERJOY TechnologyLtdSymbol: TPEX:3546Market cap: NT$4.8bFun Yours TechnologyLtdSymbol: TPEX:6482Market cap: NT$831.8m価格と性能株価の高値、安値、推移の概要GamesparcsLtd過去の株価現在の株価NT$46.1552週高値NT$59.7052週安値NT$42.55ベータ0.321ヶ月の変化-13.25%3ヶ月変化-13.41%1年変化-21.91%3年間の変化-6.77%5年間の変化-35.18%IPOからの変化-59.30%最新ニュースReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).最新情報をもっと見るRecent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%).New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 103% Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (NT$2.58b market cap, or US$85.2m).Declared Dividend • May 10Dividend increased to NT$1.83Dividend of NT$1.83 is 83% higher than last year. Ex-date: 2nd July 2025 Payment date: 25th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89.9% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 56% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • May 01Gamesparcs Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Gamesparcs Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Entertainment industry in Taiwan. Total loss to shareholders of 3.1% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.03 (vs NT$2.43 in FY 2023)Full year 2024 results: EPS: NT$2.03 (down from NT$2.43 in FY 2023). Revenue: NT$802.1m (up 3.6% from FY 2023). Net income: NT$85.5m (down 16% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% 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 • Mar 12Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwanお知らせ • Mar 04Gamesparcs Co.,Ltd. to Report Q4, 2024 Results on Mar 11, 2025Gamesparcs Co.,Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025Buy Or Sell Opportunity • Feb 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to NT$56.70. The fair value is estimated to be NT$71.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Jan 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$57.80. The fair value is estimated to be NT$72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Dec 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to NT$57.50. The fair value is estimated to be NT$72.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Dec 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.99b market cap, or US$92.3m).Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total returns to shareholders of 16% over the past three years.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.55 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$0.55 in 3Q 2023). Revenue: NT$186.1m (down 2.8% from 3Q 2023). Net income: NT$19.5m (down 16% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 02Gamesparcs Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024Gamesparcs Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (up from NT$0.82 in 2Q 2023). Revenue: NT$207.6m (up 7.4% from 2Q 2023). Net income: NT$37.3m (up 8.5% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 91% 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 01Gamesparcs Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Gamesparcs Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 29x in the Entertainment industry in Taiwan. Total loss to shareholders of 12% over the past three years.New Risk • Jul 05New 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: 1.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.47b market cap, or US$76.1m).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 25 July 2024. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.93 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.93 (up from NT$0.57 in 1Q 2023). Revenue: NT$224.9m (up 16% from 1Q 2023). Net income: NT$39.1m (up 62% from 1Q 2023). Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • May 10Gamesparcs Co.,Ltd. Announces Cash Dividend, Payable on July 25, 2024Gamesparcs Co.,Ltd. announced cash dividend of TWD 25,200,378, TWD 0.6 per share. Ex-rights (ex-dividend) date is July 2, 2024. Ex-rights (Ex-dividend) record date is July 8, 2024. Payment date of cash dividend distribution is July 25, 2024.お知らせ • May 02Gamesparcs Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024Gamesparcs Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.40, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 25x in the Entertainment industry in Taiwan. Total returns to shareholders of 1.2% over the past three years.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.43 (vs NT$2.35 in FY 2022)Full year 2023 results: EPS: NT$2.43 (up from NT$2.35 in FY 2022). Revenue: NT$774.4m (flat on FY 2022). Net income: NT$102.0m (up 3.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 62% 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 08Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024. Location: 3 F.-4, No. 360, Jianxing Rd., North Dist., Taichung City Taichung City Taiwan Agenda: To 2023 business report; to Audit Committee's review of the 2023 annual final accounting ledgers and statements; to Report on 2023 employees' and directors' remuneration; To Report on 2023 distribution of the cash dividends from Earnings and Capital Surplus; to Report on 2023 remuneration of individual directors; to Report on the Amended Rules of Procedure for Board of Directors Meetings.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$2.35 (vs NT$3.90 loss in FY 2021)Full year 2022 results: EPS: NT$2.35 (up from NT$3.90 loss in FY 2021). Revenue: NT$780.6m (up 6.1% from FY 2021). Net income: NT$98.8m (up NT$262.4m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 26% over the past three years.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.22 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.56 (up from NT$3.22 loss in 3Q 2021). Revenue: NT$193.3m (up 2.1% from 3Q 2021). Net income: NT$23.4m (up NT$158.4m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.97 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.97 loss in 2Q 2021). Revenue: NT$191.6m (flat on 2Q 2021). Net income: NT$33.0m (up NT$73.7m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Board Change • Jul 31High number of new directorsDirector Han Ming Liu was the last director to join the board, commencing their role in 2021.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.76 (up from NT$0.42 in 1Q 2021). Revenue: NT$200.3m (up 9.4% from 1Q 2021). Net income: NT$31.9m (up 80% from 1Q 2021). Profit margin: 16% (up from 9.7% in 1Q 2021). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 194%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Board Change • May 05Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ron-Shu Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: NT$3.89 loss per share (down from NT$1.20 profit in FY 2020). Revenue: NT$736.0m (down 12% from FY 2020). Net loss: NT$163.6m (down 424% from profit in FY 2020). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$3.22 loss per share (vs NT$0.22 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$189.3m (down 23% from 3Q 2020). Net loss: NT$135.1m (loss widened NT$125.9m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 19Second quarter 2021 earnings released: NT$0.97 loss per share (vs NT$0.14 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$190.9m (up 15% from 2Q 2020). Net loss: NT$40.8m (down NT$46.5m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.42 (vs NT$1.03 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$183.2m (down 22% from 1Q 2020). Net income: NT$17.8m (down 59% from 1Q 2020). Profit margin: 9.7% (down from 19% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.20 (vs NT$2.55 loss 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$837.0m (down 44% from FY 2019). Net income: NT$50.5m (up NT$157.5m from FY 2019). Profit margin: 6.0% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 10Net Publishing Co., Ltd.'s (GTSM:6542) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?Net Publishing's (GTSM:6542) stock is up by a considerable 38% over the past three months. We, however wanted to have a...分析記事 • Feb 11Returns On Capital At Net Publishing (GTSM:6542) Paint An Interesting PictureIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$72.80, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 63.8x. This compares to an average P/E of 17x in the Entertainment industry in Taiwan. Total returns to shareholders over the past three years are 71%.分析記事 • Jan 21Investors Who Bought Net Publishing (GTSM:6542) Shares Three Years Ago Are Now Up 28%Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...Is New 90 Day High Low • Jan 18New 90-day high: NT$61.40The company is up 18% from its price of NT$52.00 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period.分析記事 • Dec 31Net Publishing Co., Ltd. (GTSM:6542) Investors Should Think About This Before Buying It For Its DividendIs Net Publishing Co., Ltd. ( GTSM:6542 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Dec 31New 90-day high: NT$53.50The company is up 4.0% from its price of NT$51.30 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period.分析記事 • Dec 09We Think Net Publishing's (GTSM:6542) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Is New 90 Day High Low • Dec 05New 90-day low: NT$48.90The company is down 6.0% from its price of NT$51.90 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 10.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.22 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$245.8m (down 1.4% from 3Q 2019). Net loss: NT$9.17m (loss narrowed 90% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.株主還元6542TW EntertainmentTW 市場7D-0.2%0.6%-3.5%1Y-21.9%-15.8%83.0%株主還元を見る業界別リターン: 6542過去 1 年間で-15.8 % の収益を上げたTW Entertainment業界を下回りました。リターン対市場: 6542は、過去 1 年間で83 % のリターンを上げたTW市場を下回りました。価格変動Is 6542's price volatile compared to industry and market?6542 volatility6542 Average Weekly Movement5.7%Entertainment Industry Average Movement4.6%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 6542 、 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: 6542の 週次ボラティリティ ( 6% ) 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2000n/aKang-Wei Kuwww.gamesparcs.comゲームの企画・開発・運営・ライセンス事業を展開。モバイルゲームの配信も行う。その他、総合広告サービス、ゲーム周辺商品の提供など。旧社名は株式会社ネットパブリッシング。1999年に設立され、台湾の台中に本社を置く。もっと見るGamesparcs Co.,Ltd. 基礎のまとめGamesparcsLtd の収益と売上を時価総額と比較するとどうか。6542 基礎統計学時価総額NT$1.94b収益（TTM）NT$1.55m売上高(TTM)NT$930.72m1,251xPER（株価収益率2.1xP/Sレシオ6542 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6542 損益計算書（TTM）収益NT$930.72m売上原価NT$214.31m売上総利益NT$716.41mその他の費用NT$714.86m収益NT$1.55m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）0.037グロス・マージン76.97%純利益率0.17%有利子負債／自己資本比率0%6542 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0.04%現在の配当利回り54%配当性向6542 配当は確実ですか？6542 配当履歴とベンチマークを見る6542 、いつまでに購入すれば配当金を受け取れますか？GamesparcsLtd 配当日配当落ち日Jul 01 2026配当支払日Jul 24 2026配当落ちまでの日数41 days配当支払日までの日数64 days6542 配当は確実ですか？6542 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2026/05/20 06:53終値2026/05/20 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Gamesparcs 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。2 アナリスト機関null nullCapital Securities CorporationJiawei ChangCapital Securities Corporation
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.
Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.
Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%).
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 103% Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (NT$2.58b market cap, or US$85.2m).
Declared Dividend • May 10Dividend increased to NT$1.83Dividend of NT$1.83 is 83% higher than last year. Ex-date: 2nd July 2025 Payment date: 25th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89.9% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 56% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • May 01Gamesparcs Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Gamesparcs Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Entertainment industry in Taiwan. Total loss to shareholders of 3.1% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.03 (vs NT$2.43 in FY 2023)Full year 2024 results: EPS: NT$2.03 (down from NT$2.43 in FY 2023). Revenue: NT$802.1m (up 3.6% from FY 2023). Net income: NT$85.5m (down 16% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% 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 • Mar 12Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwan
お知らせ • Mar 04Gamesparcs Co.,Ltd. to Report Q4, 2024 Results on Mar 11, 2025Gamesparcs Co.,Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025
Buy Or Sell Opportunity • Feb 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to NT$56.70. The fair value is estimated to be NT$71.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Jan 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$57.80. The fair value is estimated to be NT$72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Dec 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to NT$57.50. The fair value is estimated to be NT$72.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Dec 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.99b market cap, or US$92.3m).
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total returns to shareholders of 16% over the past three years.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.55 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$0.55 in 3Q 2023). Revenue: NT$186.1m (down 2.8% from 3Q 2023). Net income: NT$19.5m (down 16% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 02Gamesparcs Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024Gamesparcs Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (up from NT$0.82 in 2Q 2023). Revenue: NT$207.6m (up 7.4% from 2Q 2023). Net income: NT$37.3m (up 8.5% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 91% 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 01Gamesparcs Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Gamesparcs Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 29x in the Entertainment industry in Taiwan. Total loss to shareholders of 12% over the past three years.
New Risk • Jul 05New 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: 1.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.47b market cap, or US$76.1m).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 25 July 2024. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.93 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.93 (up from NT$0.57 in 1Q 2023). Revenue: NT$224.9m (up 16% from 1Q 2023). Net income: NT$39.1m (up 62% from 1Q 2023). Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • May 10Gamesparcs Co.,Ltd. Announces Cash Dividend, Payable on July 25, 2024Gamesparcs Co.,Ltd. announced cash dividend of TWD 25,200,378, TWD 0.6 per share. Ex-rights (ex-dividend) date is July 2, 2024. Ex-rights (Ex-dividend) record date is July 8, 2024. Payment date of cash dividend distribution is July 25, 2024.
お知らせ • May 02Gamesparcs Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024Gamesparcs Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.40, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 25x in the Entertainment industry in Taiwan. Total returns to shareholders of 1.2% over the past three years.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.43 (vs NT$2.35 in FY 2022)Full year 2023 results: EPS: NT$2.43 (up from NT$2.35 in FY 2022). Revenue: NT$774.4m (flat on FY 2022). Net income: NT$102.0m (up 3.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 62% 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 08Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024. Location: 3 F.-4, No. 360, Jianxing Rd., North Dist., Taichung City Taichung City Taiwan Agenda: To 2023 business report; to Audit Committee's review of the 2023 annual final accounting ledgers and statements; to Report on 2023 employees' and directors' remuneration; To Report on 2023 distribution of the cash dividends from Earnings and Capital Surplus; to Report on 2023 remuneration of individual directors; to Report on the Amended Rules of Procedure for Board of Directors Meetings.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$2.35 (vs NT$3.90 loss in FY 2021)Full year 2022 results: EPS: NT$2.35 (up from NT$3.90 loss in FY 2021). Revenue: NT$780.6m (up 6.1% from FY 2021). Net income: NT$98.8m (up NT$262.4m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 26% over the past three years.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.22 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.56 (up from NT$3.22 loss in 3Q 2021). Revenue: NT$193.3m (up 2.1% from 3Q 2021). Net income: NT$23.4m (up NT$158.4m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.97 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.97 loss in 2Q 2021). Revenue: NT$191.6m (flat on 2Q 2021). Net income: NT$33.0m (up NT$73.7m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Board Change • Jul 31High number of new directorsDirector Han Ming Liu was the last director to join the board, commencing their role in 2021.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.76 (up from NT$0.42 in 1Q 2021). Revenue: NT$200.3m (up 9.4% from 1Q 2021). Net income: NT$31.9m (up 80% from 1Q 2021). Profit margin: 16% (up from 9.7% in 1Q 2021). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 194%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Board Change • May 05Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ron-Shu Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: NT$3.89 loss per share (down from NT$1.20 profit in FY 2020). Revenue: NT$736.0m (down 12% from FY 2020). Net loss: NT$163.6m (down 424% from profit in FY 2020). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$3.22 loss per share (vs NT$0.22 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$189.3m (down 23% from 3Q 2020). Net loss: NT$135.1m (loss widened NT$125.9m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 19Second quarter 2021 earnings released: NT$0.97 loss per share (vs NT$0.14 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$190.9m (up 15% from 2Q 2020). Net loss: NT$40.8m (down NT$46.5m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.42 (vs NT$1.03 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$183.2m (down 22% from 1Q 2020). Net income: NT$17.8m (down 59% from 1Q 2020). Profit margin: 9.7% (down from 19% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.20 (vs NT$2.55 loss 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$837.0m (down 44% from FY 2019). Net income: NT$50.5m (up NT$157.5m from FY 2019). Profit margin: 6.0% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 10Net Publishing Co., Ltd.'s (GTSM:6542) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?Net Publishing's (GTSM:6542) stock is up by a considerable 38% over the past three months. We, however wanted to have a...
分析記事 • Feb 11Returns On Capital At Net Publishing (GTSM:6542) Paint An Interesting PictureIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$72.80, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 63.8x. This compares to an average P/E of 17x in the Entertainment industry in Taiwan. Total returns to shareholders over the past three years are 71%.
分析記事 • Jan 21Investors Who Bought Net Publishing (GTSM:6542) Shares Three Years Ago Are Now Up 28%Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...
Is New 90 Day High Low • Jan 18New 90-day high: NT$61.40The company is up 18% from its price of NT$52.00 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period.
分析記事 • Dec 31Net Publishing Co., Ltd. (GTSM:6542) Investors Should Think About This Before Buying It For Its DividendIs Net Publishing Co., Ltd. ( GTSM:6542 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Dec 31New 90-day high: NT$53.50The company is up 4.0% from its price of NT$51.30 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period.
分析記事 • Dec 09We Think Net Publishing's (GTSM:6542) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Is New 90 Day High Low • Dec 05New 90-day low: NT$48.90The company is down 6.0% from its price of NT$51.90 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 10.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.22 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$245.8m (down 1.4% from 3Q 2019). Net loss: NT$9.17m (loss narrowed 90% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
