View ValuationEslite Spectrum 将来の成長Future 基準チェック /06現在、 Eslite Spectrumの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Multiline Retail 収益成長27.1%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.16 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (up from NT$0.16 in 1Q 2025). Revenue: NT$1.72b (up 4.5% from 1Q 2025). Net income: NT$8.18m (up 5.7% from 1Q 2025). Profit margin: 0.5% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • May 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.01x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.01x net interest cover). Minor Risk Market cap is less than US$100m (NT$1.73b market cap, or US$54.8m).Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$0.54 (vs NT$0.27 in FY 2024)Full year 2025 results: EPS: NT$0.54 (up from NT$0.27 in FY 2024). Revenue: NT$6.97b (up 1.8% from FY 2024). Net income: NT$25.6m (up 100% from FY 2024). Profit margin: 0.4% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Feb 26Eslite Spectrum Corporation, Annual General Meeting, May 28, 2026Eslite Spectrum Corporation, Annual General Meeting, May 28, 2026. Location: 2 floor no,98, yen ch`ang rd., sinyi district, taipei city TaiwanNew Risk • Nov 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.02x net interest cover). Minor Risk Market cap is less than US$100m (NT$1.90b market cap, or US$60.9m).Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.11 (down from NT$0.22 in 3Q 2024). Revenue: NT$1.74b (up 5.2% from 3Q 2024). Net income: NT$5.06m (down 52% from 3Q 2024). Profit margin: 0.3% (down from 0.6% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.28 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.07 (up from NT$0.28 loss in 2Q 2024). Revenue: NT$1.68b (flat on 2Q 2024). Net income: NT$3.19m (up NT$16.3m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.6%).お知らせ • May 29Eslite Spectrum Corporation Approves Election of Su-Ying, Ko as Independent DirectorEslite Spectrum Corporation announced at annual general meeting held on May 28, 2025, the shareholders elected Su-Ying, Ko as independent director of the company.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.16 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$1.65b (up 1.8% from 1Q 2024). Net income: NT$7.74m (up NT$16.6m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • May 06Eslite Spectrum Corporation to Report Q1, 2025 Results on May 13, 2025Eslite Spectrum Corporation announced that they will report Q1, 2025 results on May 13, 2025Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$0.27 (vs NT$2.73 loss in FY 2023)Full year 2024 results: EPS: NT$0.27 (up from NT$2.73 loss in FY 2023). Revenue: NT$6.85b (up 3.0% from FY 2023). Net income: NT$12.8m (up NT$142.0m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Mar 03Eslite Spectrum Corporation, Annual General Meeting, May 28, 2025Eslite Spectrum Corporation, Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: 2 floor no,98, yen ch`ang rd., sinyi district, taipei city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.99 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (up from NT$1.99 loss in 3Q 2023). Revenue: NT$1.66b (down 4.7% from 3Q 2023). Net income: NT$10.5m (up NT$104.8m from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Nov 05Eslite Spectrum Corporation to Report Q3, 2024 Results on Nov 12, 2024Eslite Spectrum Corporation announced that they will report Q3, 2024 results on Nov 12, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.28 loss per share (vs NT$0.94 loss in 2Q 2023)Second quarter 2024 results: NT$0.28 loss per share (improved from NT$0.94 loss in 2Q 2023). Revenue: NT$1.66b (up 14% from 2Q 2023). Net loss: NT$13.2m (loss narrowed 71% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% 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 03Eslite Spectrum Corporation to Report Q2, 2024 Results on Aug 12, 2024Eslite Spectrum Corporation announced that they will report Q2, 2024 results on Aug 12, 2024Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.45 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.45 loss in 1Q 2023). Revenue: NT$1.62b (up 12% from 1Q 2023). Net loss: NT$8.89m (loss narrowed 59% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.お知らせ • May 15Eslite Spectrum Corporation Announces Remuneration Committee Members ChangesEslite Spectrum Corporation announced appointment of Jen-Lu Yao as Independent Director, Member of the Remuneration Committee. Name of the previous position holder: Shih-Chun Hsu. Resume of the previous position holder: Independent director of Eslite Spectrum Corporation. Reason for the change: The original member resigned, so a new member was appointed. Effective date of the new member: May 14, 2024. Original term: June 7, 2023 ~ May 29, 2026.お知らせ • May 09Eslite Spectrum Corporation to Report Q1, 2024 Results on May 14, 2024Eslite Spectrum Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 14, 2024Reported Earnings • Feb 28Full year 2023 earnings released: NT$2.73 loss per share (vs NT$3.97 loss in FY 2022)Full year 2023 results: NT$2.73 loss per share (improved from NT$3.97 loss in FY 2022). Revenue: NT$6.64b (up 19% from FY 2022). Net loss: NT$129.2m (loss narrowed 31% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Feb 24Eslite Spectrum Corporation, Annual General Meeting, May 28, 2024Eslite Spectrum Corporation, Annual General Meeting, May 28, 2024. Location: 2F., No.98, Yanchang Rd. Taipei City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee's Review Report; to consider the report of Amendment to the Rules of Procedure for Board of Directors Meetings; to consider the adoption of the 2023 Business Report and Financial Statements; to consider the adoption of the 2023 Deficit Compensation; and to consider the proposal to Release Directors from Non-competition Restrictions.Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$1.99 loss per share (vs NT$1.08 loss in 3Q 2022)Third quarter 2023 results: NT$1.99 loss per share (further deteriorated from NT$1.08 loss in 3Q 2022). Revenue: NT$1.74b (up 22% from 3Q 2022). Net loss: NT$94.3m (loss widened 84% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.New Risk • Aug 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 83% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 69% per year over the past 5 years. Minor Risks High level of debt (83% net debt to equity). Market cap is less than US$100m (NT$2.98b market cap, or US$93.5m).Reported Earnings • Aug 12Second quarter 2023 earnings released: NT$0.94 loss per share (vs NT$1.62 loss in 2Q 2022)Second quarter 2023 results: NT$0.94 loss per share (improved from NT$1.62 loss in 2Q 2022). Revenue: NT$1.47b (up 18% from 2Q 2022). Net loss: NT$44.7m (loss narrowed 42% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 05Full year 2022 earnings released: NT$3.97 loss per share (vs NT$4.82 loss in FY 2021)Full year 2022 results: NT$3.97 loss per share (improved from NT$4.82 loss in FY 2021). Revenue: NT$5.58b (up 19% from FY 2021). Net loss: NT$188.3m (loss narrowed 18% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$1.61 loss per share (vs NT$2.09 loss in 2Q 2021)Second quarter 2022 results: NT$1.61 loss per share (up from NT$2.09 loss in 2Q 2021). Revenue: NT$1.24b (up 16% from 2Q 2021). Net loss: NT$76.5m (loss narrowed 23% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Buying Opportunity • Jun 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$65.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$65.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 13First quarter 2022 earnings released: NT$1.46 loss per share (vs NT$0.59 loss in 1Q 2021)First quarter 2022 results: NT$1.46 loss per share (down from NT$0.59 loss in 1Q 2021). Revenue: NT$1.25b (up 8.1% from 1Q 2021). Net loss: NT$69.4m (loss widened 147% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: NT$4.82 loss per share (down from NT$1.16 profit in FY 2020). Revenue: NT$4.68b (up 3.0% from FY 2020). Net loss: NT$228.5m (down NT$283.6m from profit in FY 2020). Revenue exceeded analyst estimates by 1.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.お知らせ • Feb 26The Eslite Spectrum Corporation, Annual General Meeting, May 27, 2022The Eslite Spectrum Corporation, Annual General Meeting, May 27, 2022. Location: No.98, Yanchang Rd.,Xinyi Dist. Taipei Taiwan Agenda: To consider the adoption of the 2021 Business Report and Financial Statements; to consider the adoption of the 2021 Profit and Loss Appropriation; to consider the 2021 Business Report; and to consider the 2021 Audit Committee's Review Report.Reported Earnings • Nov 11Third quarter 2021 earnings released: NT$1.98 loss per share (vs NT$0.75 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.03b (down 9.2% from 3Q 2020). Net loss: NT$93.9m (down 364% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 12Second quarter 2021 earnings released: NT$2.09 loss per share (vs NT$0.47 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.07b (up 3.4% from 2Q 2020). Net loss: NT$99.0m (loss widened 343% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 11Upcoming dividend of NT$0.84 per shareEligible shareholders must have bought the stock before 18 June 2021. Payment date: 12 July 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.8%).お知らせ • May 29The Eslite Spectrum Corporation Announces Cash Dividend, Payable on July 12, 2021The Eslite Spectrum Corporation announced cash dividend of TWD 39,807,306, payable on July 12, 2021. Ex-rights (ex-dividend) record date is June 26, 2021.Reported Earnings • May 13First quarter 2021 earnings released: NT$0.59 loss per share (vs NT$0.15 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$1.16b (up 1.4% from 1Q 2020). Net loss: NT$28.1m (down 493% from profit in 1Q 2020). 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 22% per year, which means it has not declined as severely as earnings.分析記事 • Apr 14Eslite Spectrum (GTSM:2926) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Mar 08Estimating The Intrinsic Value Of The Eslite Spectrum Corporation (GTSM:2926)How far off is The Eslite Spectrum Corporation ( GTSM:2926 ) from its intrinsic value? Using the most recent financial...お知らせ • Feb 27The Eslite Spectrum Corporation, Annual General Meeting, May 28, 2021The Eslite Spectrum Corporation, Annual General Meeting, May 28, 2021. Location: eslite Xinyi Store 6F Audiovisual No. 11, Songgao Rd., Xinyi Dist. Taipei Taiwan Agenda: To consider and approve the 2020 Business report; to consider and approve the 2020 Audit Committee's review report; to consider and approve the report on the 2020 Distributions of the Remunerations to Employees and Directors; to consider and approve the report on the 2020 Cash Dividend Distribution; to consider and approve the adoption of the 2020 Business Report and Financial Statements; to consider and approve the adoption of the Proposal for Distribution of 2020 Earnings; and to consider and approve other business.Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$1.16 (vs NT$4.92 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.54b (down 15% from FY 2019). Net income: NT$55.1m (down 76% from FY 2019). Profit margin: 1.2% (down from 4.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.分析記事 • Feb 18The Eslite Spectrum Corporation's (GTSM:2926) Dismal Stock Performance Reflects Weak FundamentalsWith its stock down 5.7% over the past three months, it is easy to disregard Eslite Spectrum (GTSM:2926). Given that...分析記事 • Jan 31Will Eslite Spectrum (GTSM:2926) Multiply In Value Going Forward?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Is New 90 Day High Low • Jan 21New 90-day low: NT$73.60The company is down 6.0% from its price of NT$78.00 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 3.0% over the same period.分析記事 • Jan 13Are Dividend Investors Making A Mistake With The Eslite Spectrum Corporation (GTSM:2926)?Is The Eslite Spectrum Corporation ( GTSM:2926 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Dec 26Is Eslite Spectrum (GTSM:2926) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 07Eslite Spectrum's (GTSM:2926) Stock Price Has Reduced 50% In The Past Five YearsThe Eslite Spectrum Corporation ( GTSM:2926 ) shareholders should be happy to see the share price up 11% in the last...Is New 90 Day High Low • Dec 03New 90-day high: NT$81.00The company is up 9.0% from its price of NT$74.10 on 04 September 2020. The Taiwanese market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Multiline Retail industry, which is down 1.0% over the same period.分析記事 • Nov 19The Eslite Spectrum Corporation's (GTSM:2926) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?Most readers would already know that Eslite Spectrum's (GTSM:2926) stock increased by 7.5% over the past three months...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.75The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.13b (down 13% from 3Q 2019). Net income: NT$35.5m (down 43% from 3Q 2019). Profit margin: 3.1% (down from 4.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Eslite Spectrum は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TPEX:2926 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20267,046261,7261,967N/A12/31/20256,972261,2651,652N/A9/30/20256,974401,5551,977N/A6/30/20256,887461,5261,972N/A3/31/20256,875291,0511,610N/A12/31/20246,846139401,562N/A9/30/20246,933207301,629N/A6/30/20247,015-854661,696N/A3/31/20246,816-1174201,684N/A12/31/20236,643-1298471,973N/A9/30/20236,316-1528321,643N/A6/30/20236,004-1081,3801,821N/A3/31/20235,780-1401,2051,403N/A12/31/20225,585-1881,0341,167N/A9/30/20225,346-2051,1111,335N/A6/30/20224,945-2479511,188N/A3/31/20224,774-2709351,215N/A12/31/20214,681-2291,1431,495N/A9/30/20214,492-1868801,240N/A6/30/20214,596-577841,192N/A3/31/20214,560201,5171,903N/A12/31/20204,545551,0091,310N/A9/30/20204,790709611,224N/A6/30/20204,953968911,160N/A3/31/20205,1731637841,065N/A12/31/20195,324233N/A1,793N/A9/30/20195,138270N/A1,776N/A6/30/20194,951257N/A1,475N/A3/31/20194,752287N/A1,279N/A12/31/20184,543347N/A669N/A9/30/20184,395348N/A735N/A6/30/20184,348419N/A830N/A3/31/20184,293430N/A714N/A12/31/20174,277423N/A665N/A9/30/20174,241410N/A734N/A6/30/20174,240410N/A756N/A3/31/20174,249419N/A726N/A12/31/20164,262421N/A998N/A9/30/20164,288482N/A901N/A6/30/20164,192461N/A833N/A3/31/20164,011435N/A759N/A12/31/20153,824412N/A733N/A9/30/20153,622404N/A704N/A6/30/20153,559391N/A583N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2926の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 2926の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 2926の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 2926の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 2926の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2926の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/05 13:13終値2026/06/05 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Eslite Spectrum 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。3 アナリスト機関null nullCapital Securities CorporationPinjing ZengCapital Securities CorporationJinfu KuoSinoPac Securities Investment Service
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.16 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (up from NT$0.16 in 1Q 2025). Revenue: NT$1.72b (up 4.5% from 1Q 2025). Net income: NT$8.18m (up 5.7% from 1Q 2025). Profit margin: 0.5% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • May 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.01x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.01x net interest cover). Minor Risk Market cap is less than US$100m (NT$1.73b market cap, or US$54.8m).
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$0.54 (vs NT$0.27 in FY 2024)Full year 2025 results: EPS: NT$0.54 (up from NT$0.27 in FY 2024). Revenue: NT$6.97b (up 1.8% from FY 2024). Net income: NT$25.6m (up 100% from FY 2024). Profit margin: 0.4% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26Eslite Spectrum Corporation, Annual General Meeting, May 28, 2026Eslite Spectrum Corporation, Annual General Meeting, May 28, 2026. Location: 2 floor no,98, yen ch`ang rd., sinyi district, taipei city Taiwan
New Risk • Nov 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.02x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.02x net interest cover). Minor Risk Market cap is less than US$100m (NT$1.90b market cap, or US$60.9m).
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.11 (down from NT$0.22 in 3Q 2024). Revenue: NT$1.74b (up 5.2% from 3Q 2024). Net income: NT$5.06m (down 52% from 3Q 2024). Profit margin: 0.3% (down from 0.6% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.28 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.07 (up from NT$0.28 loss in 2Q 2024). Revenue: NT$1.68b (flat on 2Q 2024). Net income: NT$3.19m (up NT$16.3m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.6%).
お知らせ • May 29Eslite Spectrum Corporation Approves Election of Su-Ying, Ko as Independent DirectorEslite Spectrum Corporation announced at annual general meeting held on May 28, 2025, the shareholders elected Su-Ying, Ko as independent director of the company.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.16 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$1.65b (up 1.8% from 1Q 2024). Net income: NT$7.74m (up NT$16.6m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • May 06Eslite Spectrum Corporation to Report Q1, 2025 Results on May 13, 2025Eslite Spectrum Corporation announced that they will report Q1, 2025 results on May 13, 2025
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$0.27 (vs NT$2.73 loss in FY 2023)Full year 2024 results: EPS: NT$0.27 (up from NT$2.73 loss in FY 2023). Revenue: NT$6.85b (up 3.0% from FY 2023). Net income: NT$12.8m (up NT$142.0m from FY 2023). Profit margin: 0.2% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Mar 03Eslite Spectrum Corporation, Annual General Meeting, May 28, 2025Eslite Spectrum Corporation, Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: 2 floor no,98, yen ch`ang rd., sinyi district, taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$1.99 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.23 (up from NT$1.99 loss in 3Q 2023). Revenue: NT$1.66b (down 4.7% from 3Q 2023). Net income: NT$10.5m (up NT$104.8m from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Nov 05Eslite Spectrum Corporation to Report Q3, 2024 Results on Nov 12, 2024Eslite Spectrum Corporation announced that they will report Q3, 2024 results on Nov 12, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.28 loss per share (vs NT$0.94 loss in 2Q 2023)Second quarter 2024 results: NT$0.28 loss per share (improved from NT$0.94 loss in 2Q 2023). Revenue: NT$1.66b (up 14% from 2Q 2023). Net loss: NT$13.2m (loss narrowed 71% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% 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 03Eslite Spectrum Corporation to Report Q2, 2024 Results on Aug 12, 2024Eslite Spectrum Corporation announced that they will report Q2, 2024 results on Aug 12, 2024
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.45 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.45 loss in 1Q 2023). Revenue: NT$1.62b (up 12% from 1Q 2023). Net loss: NT$8.89m (loss narrowed 59% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.
お知らせ • May 15Eslite Spectrum Corporation Announces Remuneration Committee Members ChangesEslite Spectrum Corporation announced appointment of Jen-Lu Yao as Independent Director, Member of the Remuneration Committee. Name of the previous position holder: Shih-Chun Hsu. Resume of the previous position holder: Independent director of Eslite Spectrum Corporation. Reason for the change: The original member resigned, so a new member was appointed. Effective date of the new member: May 14, 2024. Original term: June 7, 2023 ~ May 29, 2026.
お知らせ • May 09Eslite Spectrum Corporation to Report Q1, 2024 Results on May 14, 2024Eslite Spectrum Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 14, 2024
Reported Earnings • Feb 28Full year 2023 earnings released: NT$2.73 loss per share (vs NT$3.97 loss in FY 2022)Full year 2023 results: NT$2.73 loss per share (improved from NT$3.97 loss in FY 2022). Revenue: NT$6.64b (up 19% from FY 2022). Net loss: NT$129.2m (loss narrowed 31% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 24Eslite Spectrum Corporation, Annual General Meeting, May 28, 2024Eslite Spectrum Corporation, Annual General Meeting, May 28, 2024. Location: 2F., No.98, Yanchang Rd. Taipei City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee's Review Report; to consider the report of Amendment to the Rules of Procedure for Board of Directors Meetings; to consider the adoption of the 2023 Business Report and Financial Statements; to consider the adoption of the 2023 Deficit Compensation; and to consider the proposal to Release Directors from Non-competition Restrictions.
Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$1.99 loss per share (vs NT$1.08 loss in 3Q 2022)Third quarter 2023 results: NT$1.99 loss per share (further deteriorated from NT$1.08 loss in 3Q 2022). Revenue: NT$1.74b (up 22% from 3Q 2022). Net loss: NT$94.3m (loss widened 84% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
New Risk • Aug 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 83% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 69% per year over the past 5 years. Minor Risks High level of debt (83% net debt to equity). Market cap is less than US$100m (NT$2.98b market cap, or US$93.5m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: NT$0.94 loss per share (vs NT$1.62 loss in 2Q 2022)Second quarter 2023 results: NT$0.94 loss per share (improved from NT$1.62 loss in 2Q 2022). Revenue: NT$1.47b (up 18% from 2Q 2022). Net loss: NT$44.7m (loss narrowed 42% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 05Full year 2022 earnings released: NT$3.97 loss per share (vs NT$4.82 loss in FY 2021)Full year 2022 results: NT$3.97 loss per share (improved from NT$4.82 loss in FY 2021). Revenue: NT$5.58b (up 19% from FY 2021). Net loss: NT$188.3m (loss narrowed 18% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$1.61 loss per share (vs NT$2.09 loss in 2Q 2021)Second quarter 2022 results: NT$1.61 loss per share (up from NT$2.09 loss in 2Q 2021). Revenue: NT$1.24b (up 16% from 2Q 2021). Net loss: NT$76.5m (loss narrowed 23% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Jun 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$65.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$65.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 13First quarter 2022 earnings released: NT$1.46 loss per share (vs NT$0.59 loss in 1Q 2021)First quarter 2022 results: NT$1.46 loss per share (down from NT$0.59 loss in 1Q 2021). Revenue: NT$1.25b (up 8.1% from 1Q 2021). Net loss: NT$69.4m (loss widened 147% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: NT$4.82 loss per share (down from NT$1.16 profit in FY 2020). Revenue: NT$4.68b (up 3.0% from FY 2020). Net loss: NT$228.5m (down NT$283.6m from profit in FY 2020). Revenue exceeded analyst estimates by 1.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 26The Eslite Spectrum Corporation, Annual General Meeting, May 27, 2022The Eslite Spectrum Corporation, Annual General Meeting, May 27, 2022. Location: No.98, Yanchang Rd.,Xinyi Dist. Taipei Taiwan Agenda: To consider the adoption of the 2021 Business Report and Financial Statements; to consider the adoption of the 2021 Profit and Loss Appropriation; to consider the 2021 Business Report; and to consider the 2021 Audit Committee's Review Report.
Reported Earnings • Nov 11Third quarter 2021 earnings released: NT$1.98 loss per share (vs NT$0.75 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.03b (down 9.2% from 3Q 2020). Net loss: NT$93.9m (down 364% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 12Second quarter 2021 earnings released: NT$2.09 loss per share (vs NT$0.47 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.07b (up 3.4% from 2Q 2020). Net loss: NT$99.0m (loss widened 343% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 11Upcoming dividend of NT$0.84 per shareEligible shareholders must have bought the stock before 18 June 2021. Payment date: 12 July 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.8%).
お知らせ • May 29The Eslite Spectrum Corporation Announces Cash Dividend, Payable on July 12, 2021The Eslite Spectrum Corporation announced cash dividend of TWD 39,807,306, payable on July 12, 2021. Ex-rights (ex-dividend) record date is June 26, 2021.
Reported Earnings • May 13First quarter 2021 earnings released: NT$0.59 loss per share (vs NT$0.15 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$1.16b (up 1.4% from 1Q 2020). Net loss: NT$28.1m (down 493% from profit in 1Q 2020). 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 22% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 14Eslite Spectrum (GTSM:2926) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Mar 08Estimating The Intrinsic Value Of The Eslite Spectrum Corporation (GTSM:2926)How far off is The Eslite Spectrum Corporation ( GTSM:2926 ) from its intrinsic value? Using the most recent financial...
お知らせ • Feb 27The Eslite Spectrum Corporation, Annual General Meeting, May 28, 2021The Eslite Spectrum Corporation, Annual General Meeting, May 28, 2021. Location: eslite Xinyi Store 6F Audiovisual No. 11, Songgao Rd., Xinyi Dist. Taipei Taiwan Agenda: To consider and approve the 2020 Business report; to consider and approve the 2020 Audit Committee's review report; to consider and approve the report on the 2020 Distributions of the Remunerations to Employees and Directors; to consider and approve the report on the 2020 Cash Dividend Distribution; to consider and approve the adoption of the 2020 Business Report and Financial Statements; to consider and approve the adoption of the Proposal for Distribution of 2020 Earnings; and to consider and approve other business.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$1.16 (vs NT$4.92 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.54b (down 15% from FY 2019). Net income: NT$55.1m (down 76% from FY 2019). Profit margin: 1.2% (down from 4.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 18The Eslite Spectrum Corporation's (GTSM:2926) Dismal Stock Performance Reflects Weak FundamentalsWith its stock down 5.7% over the past three months, it is easy to disregard Eslite Spectrum (GTSM:2926). Given that...
分析記事 • Jan 31Will Eslite Spectrum (GTSM:2926) Multiply In Value Going Forward?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Is New 90 Day High Low • Jan 21New 90-day low: NT$73.60The company is down 6.0% from its price of NT$78.00 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 3.0% over the same period.
分析記事 • Jan 13Are Dividend Investors Making A Mistake With The Eslite Spectrum Corporation (GTSM:2926)?Is The Eslite Spectrum Corporation ( GTSM:2926 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Dec 26Is Eslite Spectrum (GTSM:2926) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 07Eslite Spectrum's (GTSM:2926) Stock Price Has Reduced 50% In The Past Five YearsThe Eslite Spectrum Corporation ( GTSM:2926 ) shareholders should be happy to see the share price up 11% in the last...
Is New 90 Day High Low • Dec 03New 90-day high: NT$81.00The company is up 9.0% from its price of NT$74.10 on 04 September 2020. The Taiwanese market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Multiline Retail industry, which is down 1.0% over the same period.
分析記事 • Nov 19The Eslite Spectrum Corporation's (GTSM:2926) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?Most readers would already know that Eslite Spectrum's (GTSM:2926) stock increased by 7.5% over the past three months...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.75The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.13b (down 13% from 3Q 2019). Net income: NT$35.5m (down 43% from 3Q 2019). Profit margin: 3.1% (down from 4.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.