View Future GrowthBedding World 過去の業績過去 基準チェック /16Bedding Worldの収益は年間平均-18.7%の割合で減少していますが、 Retail Distributors業界の収益は年間 増加しています。収益は年間5% 1.9%割合で 減少しています。 Bedding Worldの自己資本利益率は3.7%であり、純利益率は3.5%です。主要情報-18.73%収益成長率-18.72%EPS成長率Retail Distributors 業界の成長14.63%収益成長率-1.91%株主資本利益率3.65%ネット・マージン3.49%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 05Full year 2025 earnings released: EPS: NT$1.18 (vs NT$4.24 in FY 2024)Full year 2025 results: EPS: NT$1.18 (down from NT$4.24 in FY 2024). Revenue: NT$725.3m (down 14% from FY 2024). Net income: NT$23.9m (down 72% from FY 2024). Profit margin: 3.3% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.06 (vs NT$0.99 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.99 in 2Q 2023). Revenue: NT$210.8m (flat on 2Q 2023). Net income: NT$21.4m (up 7.6% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: NT$1.03 (vs NT$0.49 in 1Q 2023)First quarter 2024 results: EPS: NT$1.03 (up from NT$0.49 in 1Q 2023). Revenue: NT$207.4m (up 3.1% from 1Q 2023). Net income: NT$20.8m (up 111% from 1Q 2023). Profit margin: 10.0% (up from 4.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Apr 10Full year 2023 earnings releasedFull year 2023 results: Revenue: NT$851.2m (down 4.4% from FY 2022). Net income: NT$75.5m (down 36% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022).Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$5.82 (vs NT$5.70 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$5.70 in FY 2021). Revenue: NT$890.6m (up 6.3% from FY 2021). Net income: NT$117.3m (up 2.1% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.Reported Earnings • Aug 15First half 2022 earnings released: EPS: NT$3.02 (vs NT$1.71 in 1H 2021)First half 2022 results: EPS: NT$3.02 (up from NT$1.71 in 1H 2021). Revenue: NT$421.7m (up 12% from 1H 2021). Net income: NT$60.8m (up 76% from 1H 2021). Profit margin: 14% (up from 9.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesReported Earnings • Apr 05Full year 2025 earnings released: EPS: NT$1.18 (vs NT$4.24 in FY 2024)Full year 2025 results: EPS: NT$1.18 (down from NT$4.24 in FY 2024). Revenue: NT$725.3m (down 14% from FY 2024). Net income: NT$23.9m (down 72% from FY 2024). Profit margin: 3.3% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.お知らせ • Mar 30Bedding World Co., Ltd., Annual General Meeting, Jun 17, 2026Bedding World Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,88, sec.1 chiu tsung rd., neihu district, taipei city TaiwanNew Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$473.3m market cap, or US$15.1m).Board Change • Feb 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 25Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 01 September 2025. Payment date: 17 September 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.3%).New Risk • Aug 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 10% 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 Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$681.7m market cap, or US$22.5m).New Risk • Mar 30New major risk - Revenue and earnings growthEarnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. 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$765.3m market cap, or US$23.0m).お知らせ • Mar 21Bedding World Co., Ltd., Annual General Meeting, Jun 18, 2025Bedding World Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,88, sec.1 chiu tsung rd., neihu district, taipei city TaiwanNew Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). 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$718.0m market cap, or US$21.8m).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.06 (vs NT$0.99 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.99 in 2Q 2023). Revenue: NT$210.8m (flat on 2Q 2023). Net income: NT$21.4m (up 7.6% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 07Upcoming dividend of NT$2.25 per shareEligible shareholders must have bought the stock before 14 August 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (4.7%). Higher than average of industry peers (3.5%).Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: NT$1.03 (vs NT$0.49 in 1Q 2023)First quarter 2024 results: EPS: NT$1.03 (up from NT$0.49 in 1Q 2023). Revenue: NT$207.4m (up 3.1% from 1Q 2023). Net income: NT$20.8m (up 111% from 1Q 2023). Profit margin: 10.0% (up from 4.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Apr 10Full year 2023 earnings releasedFull year 2023 results: Revenue: NT$851.2m (down 4.4% from FY 2022). Net income: NT$75.5m (down 36% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022).お知らせ • Mar 22Bedding World Co., Ltd., Annual General Meeting, Jun 19, 2024Bedding World Co., Ltd., Annual General Meeting, Jun 19, 2024.New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$889.2m market cap, or US$28.1m).New Risk • Nov 01New 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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$879.1m market cap, or US$27.1m).Upcoming Dividend • Aug 17Upcoming dividend of NT$3.00 per share at 6.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (5.1%).New Risk • Aug 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: 9.8% Last year net profit margin: 16% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$924.4m market cap, or US$29.0m).Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$5.82 (vs NT$5.70 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$5.70 in FY 2021). Revenue: NT$890.6m (up 6.3% from FY 2021). Net income: NT$117.3m (up 2.1% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.Upcoming Dividend • Aug 18Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.8%).Reported Earnings • Aug 15First half 2022 earnings released: EPS: NT$3.02 (vs NT$1.71 in 1H 2021)First half 2022 results: EPS: NT$3.02 (up from NT$1.71 in 1H 2021). Revenue: NT$421.7m (up 12% from 1H 2021). Net income: NT$60.8m (up 76% from 1H 2021). Profit margin: 14% (up from 9.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$5.70 (vs NT$4.61 in FY 2020)Full year 2021 results: EPS: NT$5.70 (up from NT$4.61 in FY 2020). Revenue: NT$837.8m (up 7.9% from FY 2020). Net income: NT$114.8m (up 24% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • Sep 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 01 October 2021. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.9%).分析記事 • Apr 25The Returns At Bedding World (GTSM:2938) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$4.61 (vs NT$4.18 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$776.5m (up 2.0% from FY 2019). Net income: NT$92.8m (up 10% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.分析記事 • Mar 28Here's What You Should Know About Bedding World Co., Ltd.'s (GTSM:2938) 6.4% Dividend YieldDividend paying stocks like Bedding World Co., Ltd. ( GTSM:2938 ) tend to be popular with investors, and for good...分析記事 • Feb 03Declining Stock and Solid Fundamentals: Is The Market Wrong About Bedding World Co., Ltd. (GTSM:2938)?Bedding World (GTSM:2938) has had a rough three months with its share price down 2.0%. But if you pay close attention...分析記事 • Jan 13The Returns At Bedding World (GTSM:2938) Provide Us With Signs Of What's To ComeWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Is New 90 Day High Low • Jan 12New 90-day low: NT$38.00The company is down 5.0% from its price of NT$39.90 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 7.0% over the same period.分析記事 • Dec 23Bedding World (GTSM:2938) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Dec 05Could Bedding World Co., Ltd. (GTSM:2938) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Bedding World Co., Ltd. ( GTSM:2938 ) from a dividend investor's perspective. Owning...収支内訳Bedding World の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:2938 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 2672725452131 Dec 2572524454130 Sep 2575139453130 Jun 2577654452131 Mar 2581070455131 Dec 2484185458130 Sep 2484987458130 Jun 2485888458131 Mar 2485786459131 Dec 2385175463130 Sep 2386681461230 Jun 2388086460231 Mar 2388197444231 Dec 22891117425230 Sep 22887129407230 Jun 22883141389231 Mar 22861128384231 Dec 21838115379230 Sep 21817103381230 Jun 2179791383231 Mar 2178792380231 Dec 2077693376230 Sep 2076588371130 Jun 2075384366131 Mar 2075784368131 Dec 1976184371130 Sep 1976283372130 Jun 1976383373131 Mar 1975181366131 Dec 1873880358130 Sep 1874585355130 Jun 1875191353131 Mar 1874989353131 Dec 1774786352130 Sep 1773678352230 Jun 1772569351231 Mar 1770957350331 Dec 1669444349430 Sep 1668037347330 Jun 1666730346131 Mar 1668337349131 Dec 15699453521質の高い収益: 2938は 高品質の収益 を持っています。利益率の向上: 2938の現在の純利益率 (3.5%)は、昨年(8.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 2938の収益は過去 5 年間で年間18.7%減少しました。成長の加速: 2938は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 2938は過去 1 年間で収益成長率がマイナス ( -63.8% ) となったため、 Retail Distributors業界平均 ( -3% ) と比較することが困難です。株主資本利益率高いROE: 2938の 自己資本利益率 ( 3.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health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2026/05/22 12:12終値2026/05/22 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Bedding World 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。0
Reported Earnings • Apr 05Full year 2025 earnings released: EPS: NT$1.18 (vs NT$4.24 in FY 2024)Full year 2025 results: EPS: NT$1.18 (down from NT$4.24 in FY 2024). Revenue: NT$725.3m (down 14% from FY 2024). Net income: NT$23.9m (down 72% from FY 2024). Profit margin: 3.3% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.06 (vs NT$0.99 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.99 in 2Q 2023). Revenue: NT$210.8m (flat on 2Q 2023). Net income: NT$21.4m (up 7.6% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: NT$1.03 (vs NT$0.49 in 1Q 2023)First quarter 2024 results: EPS: NT$1.03 (up from NT$0.49 in 1Q 2023). Revenue: NT$207.4m (up 3.1% from 1Q 2023). Net income: NT$20.8m (up 111% from 1Q 2023). Profit margin: 10.0% (up from 4.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 10Full year 2023 earnings releasedFull year 2023 results: Revenue: NT$851.2m (down 4.4% from FY 2022). Net income: NT$75.5m (down 36% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022).
Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$5.82 (vs NT$5.70 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$5.70 in FY 2021). Revenue: NT$890.6m (up 6.3% from FY 2021). Net income: NT$117.3m (up 2.1% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.
Reported Earnings • Aug 15First half 2022 earnings released: EPS: NT$3.02 (vs NT$1.71 in 1H 2021)First half 2022 results: EPS: NT$3.02 (up from NT$1.71 in 1H 2021). Revenue: NT$421.7m (up 12% from 1H 2021). Net income: NT$60.8m (up 76% from 1H 2021). Profit margin: 14% (up from 9.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 05Full year 2025 earnings released: EPS: NT$1.18 (vs NT$4.24 in FY 2024)Full year 2025 results: EPS: NT$1.18 (down from NT$4.24 in FY 2024). Revenue: NT$725.3m (down 14% from FY 2024). Net income: NT$23.9m (down 72% from FY 2024). Profit margin: 3.3% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 30Bedding World Co., Ltd., Annual General Meeting, Jun 17, 2026Bedding World Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,88, sec.1 chiu tsung rd., neihu district, taipei city Taiwan
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$473.3m market cap, or US$15.1m).
Board Change • Feb 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 25Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 01 September 2025. Payment date: 17 September 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.3%).
New Risk • Aug 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 10% 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 Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (NT$681.7m market cap, or US$22.5m).
New Risk • Mar 30New major risk - Revenue and earnings growthEarnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. 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$765.3m market cap, or US$23.0m).
お知らせ • Mar 21Bedding World Co., Ltd., Annual General Meeting, Jun 18, 2025Bedding World Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,88, sec.1 chiu tsung rd., neihu district, taipei city Taiwan
New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). 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$718.0m market cap, or US$21.8m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.06 (vs NT$0.99 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.06 (up from NT$0.99 in 2Q 2023). Revenue: NT$210.8m (flat on 2Q 2023). Net income: NT$21.4m (up 7.6% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 07Upcoming dividend of NT$2.25 per shareEligible shareholders must have bought the stock before 14 August 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (4.7%). Higher than average of industry peers (3.5%).
Reported Earnings • Jul 02First quarter 2024 earnings released: EPS: NT$1.03 (vs NT$0.49 in 1Q 2023)First quarter 2024 results: EPS: NT$1.03 (up from NT$0.49 in 1Q 2023). Revenue: NT$207.4m (up 3.1% from 1Q 2023). Net income: NT$20.8m (up 111% from 1Q 2023). Profit margin: 10.0% (up from 4.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 10Full year 2023 earnings releasedFull year 2023 results: Revenue: NT$851.2m (down 4.4% from FY 2022). Net income: NT$75.5m (down 36% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022).
お知らせ • Mar 22Bedding World Co., Ltd., Annual General Meeting, Jun 19, 2024Bedding World Co., Ltd., Annual General Meeting, Jun 19, 2024.
New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$889.2m market cap, or US$28.1m).
New Risk • Nov 01New 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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$879.1m market cap, or US$27.1m).
Upcoming Dividend • Aug 17Upcoming dividend of NT$3.00 per share at 6.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (5.1%).
New Risk • Aug 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: 9.8% Last year net profit margin: 16% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.8% net profit margin). Market cap is less than US$100m (NT$924.4m market cap, or US$29.0m).
Reported Earnings • Apr 13Full year 2022 earnings released: EPS: NT$5.82 (vs NT$5.70 in FY 2021)Full year 2022 results: EPS: NT$5.82 (up from NT$5.70 in FY 2021). Revenue: NT$890.6m (up 6.3% from FY 2021). Net income: NT$117.3m (up 2.1% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.
Upcoming Dividend • Aug 18Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.8%).
Reported Earnings • Aug 15First half 2022 earnings released: EPS: NT$3.02 (vs NT$1.71 in 1H 2021)First half 2022 results: EPS: NT$3.02 (up from NT$1.71 in 1H 2021). Revenue: NT$421.7m (up 12% from 1H 2021). Net income: NT$60.8m (up 76% from 1H 2021). Profit margin: 14% (up from 9.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 27Full year 2021 earnings released: EPS: NT$5.70 (vs NT$4.61 in FY 2020)Full year 2021 results: EPS: NT$5.70 (up from NT$4.61 in FY 2020). Revenue: NT$837.8m (up 7.9% from FY 2020). Net income: NT$114.8m (up 24% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • Sep 03Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 01 October 2021. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.9%).
分析記事 • Apr 25The Returns At Bedding World (GTSM:2938) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$4.61 (vs NT$4.18 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$776.5m (up 2.0% from FY 2019). Net income: NT$92.8m (up 10% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.
分析記事 • Mar 28Here's What You Should Know About Bedding World Co., Ltd.'s (GTSM:2938) 6.4% Dividend YieldDividend paying stocks like Bedding World Co., Ltd. ( GTSM:2938 ) tend to be popular with investors, and for good...
分析記事 • Feb 03Declining Stock and Solid Fundamentals: Is The Market Wrong About Bedding World Co., Ltd. (GTSM:2938)?Bedding World (GTSM:2938) has had a rough three months with its share price down 2.0%. But if you pay close attention...
分析記事 • Jan 13The Returns At Bedding World (GTSM:2938) Provide Us With Signs Of What's To ComeWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Is New 90 Day High Low • Jan 12New 90-day low: NT$38.00The company is down 5.0% from its price of NT$39.90 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 7.0% over the same period.
分析記事 • Dec 23Bedding World (GTSM:2938) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Dec 05Could Bedding World Co., Ltd. (GTSM:2938) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Bedding World Co., Ltd. ( GTSM:2938 ) from a dividend investor's perspective. Owning...