Grand Process Technology（3131）株式概要グランド・プロセス・テクノロジー・コーポレーションは台湾で半導体装置の製造・販売を行っている。 詳細3131 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長6/6過去の実績6/6財務の健全性5/6配当金4/6報酬収益は年間35.09%増加すると予測されています 過去1年間で収益は65.3%増加しました リスク分析TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る3131 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$3.45k66.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture030b2016201920222025202620282031Revenue NT$29.8bEarnings NT$6.7bAdvancedSet Fair ValueView all narrativesGrand Process Technology Corporation 競合他社AblePrint TechnologySymbol: TPEX:7734Market cap: NT$102.0bTopco ScientificLtdSymbol: TWSE:5434Market cap: NT$87.1bVisual Photonics EpitaxySymbol: TWSE:2455Market cap: NT$78.0bMachvisionSymbol: TWSE:3563Market cap: NT$52.8b価格と性能株価の高値、安値、推移の概要Grand Process Technology過去の株価現在の株価NT$3,450.0052週高値NT$3,865.0052週安値NT$1,140.00ベータ0.951ヶ月の変化16.95%3ヶ月変化93.82%1年変化189.92%3年間の変化553.41%5年間の変化826.17%IPOからの変化16,979.21%最新ニュースValuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$3,115, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,676 per share.Reported Earnings • May 19First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$16.11 (up from NT$8.74 in 1Q 2025). Revenue: NT$1.60b (up 29% from 1Q 2025). Net income: NT$462.7m (up 81% from 1Q 2025). Profit margin: 29% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 12Price target increased by 14% to NT$3,635Up from NT$3,200, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$3,140. Stock is up 232% over the past year. The company is forecast to post earnings per share of NT$72.47 for next year compared to NT$45.48 last year.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$2,860, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 790% over the past three years.New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).Major Estimate Revision • Apr 23Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$8.95b to NT$8.51b. EPS estimate rose from NT$63.56 to NT$74.45. Net income forecast to grow 50% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$2,759 to NT$3,200. Share price fell 2.5% to NT$3,175 over the past week.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$3,115, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,676 per share.Reported Earnings • May 19First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$16.11 (up from NT$8.74 in 1Q 2025). Revenue: NT$1.60b (up 29% from 1Q 2025). Net income: NT$462.7m (up 81% from 1Q 2025). Profit margin: 29% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 12Price target increased by 14% to NT$3,635Up from NT$3,200, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$3,140. Stock is up 232% over the past year. The company is forecast to post earnings per share of NT$72.47 for next year compared to NT$45.48 last year.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$2,860, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 790% over the past three years.New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).Major Estimate Revision • Apr 23Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$8.95b to NT$8.51b. EPS estimate rose from NT$63.56 to NT$74.45. Net income forecast to grow 50% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$2,759 to NT$3,200. Share price fell 2.5% to NT$3,175 over the past week.Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$45.48 (up from NT$29.07 in FY 2024). Revenue: NT$6.51b (up 60% from FY 2024). Net income: NT$1.33b (up 57% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$2,160, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,609 per share.Price Target Changed • Mar 13Price target increased by 9.5% to NT$2,093Up from NT$1,912, the current price target is an average from 8 analysts. New target price is 6.5% above last closing price of NT$1,965. Stock is up 84% over the past year. The company is forecast to post earnings per share of NT$37.45 for next year compared to NT$29.07 last year.お知らせ • Mar 04Grand Process Technology Corporation, Annual General Meeting, Jun 17, 2026Grand Process Technology Corporation, Annual General Meeting, Jun 17, 2026. Location: 2 floor no,2, chan yeh 1st rd., hsinchu science park, hsinchu city TaiwanValuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,785, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 637% over the past three years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,765, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 679% over the past three years.Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$10.40 (up from NT$7.42 in 3Q 2024). Revenue: NT$1.49b (up 51% from 3Q 2024). Net income: NT$303.9m (up 40% from 3Q 2024). Profit margin: 20% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Oct 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,735, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 874% over the past three years.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,640, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 701% over the past three years.Price Target Changed • Aug 16Price target increased by 9.1% to NT$1,463Up from NT$1,340, the current price target is an average from 4 analysts. New target price is 5.3% above last closing price of NT$1,390. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$43.86 for next year compared to NT$29.07 last year.Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$7.05 (up from NT$7.04 in 2Q 2024). Revenue: NT$1.63b (up 70% from 2Q 2024). Net income: NT$206.0m (flat on 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 22Upcoming dividend of NT$22.00 per shareEligible shareholders must have bought the stock before 29 July 2025. Payment date: 25 August 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.1%).New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.Declared Dividend • Jun 22Dividend increased to NT$22.00Dividend of NT$22.00 is 38% higher than last year. Ex-date: 29th July 2025 Payment date: 25th August 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next year, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,365, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 417% over the past three years.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$1,215, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 374% over the past three years.Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$8.40 (up from NT$5.99 in 1Q 2024). Revenue: NT$1.24b (up 38% from 1Q 2024). Net income: NT$255.2m (up 49% from 1Q 2024). Profit margin: 21% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$948, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 263% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$502 per share.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$790, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$500 per share.New Risk • Apr 06New 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: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 27Full year 2024 earnings released: EPS: NT$29.07 (vs NT$21.56 in FY 2023)Full year 2024 results: EPS: NT$29.07 (up from NT$21.56 in FY 2023). Revenue: NT$4.07b (up 15% from FY 2023). Net income: NT$845.4m (up 37% from FY 2023). Profit margin: 21% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Mar 13Price target decreased by 12% to NT$1,933Down from NT$2,186, the current price target is an average from 5 analysts. New target price is 67% above last closing price of NT$1,155. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$28.27 for next year compared to NT$21.56 last year.お知らせ • Mar 05Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2025Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2025. Location: 1 floor no,77, hsien cheng 8th st., jhubei city, hsinchu county TaiwanValuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$1,215, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 294% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$565 per share.New Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,325, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 324% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$557 per share.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,535, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 379% over the past three years.Reported Earnings • Nov 18Third quarter 2024 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2024 results: EPS: NT$7.42 (up from NT$5.54 in 3Q 2023). Revenue: NT$991.7m (up 19% from 3Q 2023). Net income: NT$216.8m (up 37% from 3Q 2023). Profit margin: 22% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,760, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 415% over the past three years.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$7.04 (vs NT$5.33 in 2Q 2023)Second quarter 2024 results: EPS: NT$7.04 (up from NT$5.33 in 2Q 2023). Revenue: NT$961.7m (up 12% from 2Q 2023). Net income: NT$205.5m (up 35% from 2Q 2023). Profit margin: 21% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,800, the stock trades at a trailing P/E ratio of 77.7x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 439% over the past three years.Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,550, the stock trades at a trailing P/E ratio of 66.9x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 312% over the past three years.Upcoming Dividend • Jul 23Upcoming dividend of NT$16.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,415, the stock trades at a trailing P/E ratio of 61.1x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 287% over the past three years.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,290, the stock trades at a trailing P/E ratio of 55x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 284% over the past three years.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,130, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 299% over the past three years.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$5.99 (vs NT$4.10 in 1Q 2023)First quarter 2024 results: EPS: NT$5.99 (up from NT$4.10 in 1Q 2023). Revenue: NT$898.1m (up 10% from 1Q 2023). Net income: NT$171.9m (up 47% from 1Q 2023). Profit margin: 19% (up from 14% 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 6% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$1,110, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 270% over the past three years.お知らせ • Mar 29Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2024Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$21.56 (vs NT$25.32 in FY 2022)Full year 2023 results: EPS: NT$21.56 (down from NT$25.32 in FY 2022). Revenue: NT$3.54b (down 4.8% from FY 2022). Net income: NT$616.3m (down 15% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$999, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 241% over the past three years.New Risk • Aug 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Dividend is not well covered by cash flows (457% cash payout ratio).Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$5.33 (vs NT$6.20 in 2Q 2022)Second quarter 2023 results: EPS: NT$5.33 (down from NT$6.20 in 2Q 2022). Revenue: NT$862.1m (down 2.9% from 2Q 2022). Net income: NT$152.7m (down 14% from 2Q 2022). Profit margin: 18% (down from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 20Upcoming dividend of NT$18.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$580, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 88% over the past three years.New Risk • Jun 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Dividend is not well covered by cash flows (255% cash payout ratio).Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$472, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 142% over the past three years.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$325, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 125% over the past three years.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. 8 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$7.99 (vs NT$5.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$7.99 (up from NT$5.12 in 3Q 2021). Revenue: NT$901.4m (down 8.4% from 3Q 2021). Net income: NT$228.0m (up 56% from 3Q 2021). Profit margin: 25% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$216, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 60% over the past three years.Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$286, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$6.20 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$6.20 (up from NT$5.06 in 2Q 2021). Revenue: NT$888.1m (up 11% from 2Q 2021). Net income: NT$176.9m (up 23% from 2Q 2021). Profit margin: 20% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of NT$17.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$244, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 111% over the past three years.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$5.90 (vs NT$4.85 in 1Q 2021)First quarter 2022 results: EPS: NT$5.90 (up from NT$4.85 in 1Q 2021). Revenue: NT$921.6m (up 23% from 1Q 2021). Net income: NT$168.3m (up 22% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.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. 8 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$23.47 (vs NT$13.92 in FY 2020)Full year 2021 results: EPS: NT$23.47 (up from NT$13.92 in FY 2020). Revenue: NT$3.66b (up 47% from FY 2020). Net income: NT$669.5m (up 69% from FY 2020). Profit margin: 18% (up from 16% 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 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$5.12 (vs NT$4.06 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$984.1m (up 53% from 3Q 2020). Net income: NT$145.9m (up 26% from 3Q 2020). Profit margin: 15% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$3.55 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$803.9m (up 30% from 2Q 2020). Net income: NT$144.2m (up 42% from 2Q 2020). Profit margin: 18% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 22Upcoming dividend of NT$11.00 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 25 August 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$374, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 194% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$4.85 (vs NT$2.38 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$750.0m (up 52% from 1Q 2020). Net income: NT$138.2m (up 104% from 1Q 2020). Profit margin: 18% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 04Is Grand Process Technology Corporation's (GTSM:3131) 3.2% Dividend Worth Your Time?Is Grand Process Technology Corporation ( GTSM:3131 ) a good dividend stock? How can we tell? Dividend paying companies...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$13.92 (vs NT$11.11 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.49b (up 21% from FY 2019). Net income: NT$396.9m (up 28% from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.分析記事 • Mar 16Estimating The Intrinsic Value Of Grand Process Technology Corporation (GTSM:3131)In this article we are going to estimate the intrinsic value of Grand Process Technology Corporation ( GTSM:3131 ) by...Is New 90 Day High Low • Mar 03New 90-day low: NT$354The company is down 7.0% from its price of NT$380 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Mar 01The Trends At Grand Process Technology (GTSM:3131) That You Should Know AboutIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...分析記事 • Feb 11Does Grand Process Technology (GTSM:3131) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Jan 24Grand Process Technology Corporation's (GTSM:3131) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Grand Process Technology (GTSM:3131) has had a great run on the share market with its stock up by a significant 12...分析記事 • Jan 05Did You Participate In Any Of Grand Process Technology's (GTSM:3131) Fantastic 178% Return ?The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...分析記事 • Dec 18Should Grand Process Technology Corporation (GTSM:3131) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Grand Process Technology Corporation ( GTSM:3131 ) tend to be popular with investors, and...Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 18% share price gain to NT$450, the stock is trading at a trailing P/E ratio of 34.3x, up from the previous P/E ratio of 29.1x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 192%.Is New 90 Day High Low • Dec 08New 90-day high: NT$409The company is up 17% from its price of NT$349 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Nov 30Will Grand Process Technology (GTSM:3131) Multiply In Value Going Forward?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$4.06The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$644.2m (up 14% from 3Q 2019). Net income: NT$115.7m (up 27% from 3Q 2019). Profit margin: 18% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.株主還元3131TW SemiconductorTW 市場7D22.3%5.9%5.7%1Y189.9%161.8%108.5%株主還元を見る業界別リターン: 3131過去 1 年間で161.8 % の収益を上げたTW Semiconductor業界を上回りました。リターン対市場: 3131過去 1 年間で108.5 % の収益を上げたTW市場を上回りました。価格変動Is 3131's price volatile compared to industry and market?3131 volatility3131 Average Weekly Movement10.6%Semiconductor Industry Average Movement9.8%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 3131の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3131の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1993n/an/awww.gptc.com.tw台湾で半導体製造装置の製造・販売を行う。先端ICパッケージング、ICフロントエンド・オブ・ライン、オプトエレクトロニクス・アプリケーション向けに、枚葉式スピンプロセッサ、バッチ式ウェットベンチシステム、コンボシステムを提供している。同社は1993年に設立され、台湾の新竹市に本社を置いている。もっと見るGrand Process Technology Corporation 基礎のまとめGrand Process Technology の収益と売上を時価総額と比較するとどうか。3131 基礎統計学時価総額NT$99.07b収益（TTM）NT$1.53b売上高(TTM)NT$6.87b64.5xPER（株価収益率14.4xP/Sレシオ3131 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3131 損益計算書（TTM）収益NT$6.87b売上原価NT$4.16b売上総利益NT$2.71bその他の費用NT$1.18b収益NT$1.53b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）53.45グロス・マージン39.51%純利益率22.34%有利子負債／自己資本比率66.4%3131 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1.3%現在の配当利回り87%配当性向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2026/05/30 13:18終値2026/05/29 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Grand Process Technology Corporation 8 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。12 アナリスト機関Mike YangBofA Global ResearchLicheng ZhuangCapital Securities CorporationEvelyn YuGoldman Sachs9 その他のアナリストを表示
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$3,115, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,676 per share.
Reported Earnings • May 19First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$16.11 (up from NT$8.74 in 1Q 2025). Revenue: NT$1.60b (up 29% from 1Q 2025). Net income: NT$462.7m (up 81% from 1Q 2025). Profit margin: 29% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 12Price target increased by 14% to NT$3,635Up from NT$3,200, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$3,140. Stock is up 232% over the past year. The company is forecast to post earnings per share of NT$72.47 for next year compared to NT$45.48 last year.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$2,860, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 790% over the past three years.
New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).
Major Estimate Revision • Apr 23Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$8.95b to NT$8.51b. EPS estimate rose from NT$63.56 to NT$74.45. Net income forecast to grow 50% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$2,759 to NT$3,200. Share price fell 2.5% to NT$3,175 over the past week.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$3,115, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,676 per share.
Reported Earnings • May 19First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$16.11 (up from NT$8.74 in 1Q 2025). Revenue: NT$1.60b (up 29% from 1Q 2025). Net income: NT$462.7m (up 81% from 1Q 2025). Profit margin: 29% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 12Price target increased by 14% to NT$3,635Up from NT$3,200, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$3,140. Stock is up 232% over the past year. The company is forecast to post earnings per share of NT$72.47 for next year compared to NT$45.48 last year.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$2,860, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 790% over the past three years.
New Risk • Apr 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 101% Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change).
Major Estimate Revision • Apr 23Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NT$8.95b to NT$8.51b. EPS estimate rose from NT$63.56 to NT$74.45. Net income forecast to grow 50% next year vs 49% growth forecast for Semiconductor industry in Taiwan. Consensus price target up from NT$2,759 to NT$3,200. Share price fell 2.5% to NT$3,175 over the past week.
Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$45.48 (up from NT$29.07 in FY 2024). Revenue: NT$6.51b (up 60% from FY 2024). Net income: NT$1.33b (up 57% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$2,160, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 602% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,609 per share.
Price Target Changed • Mar 13Price target increased by 9.5% to NT$2,093Up from NT$1,912, the current price target is an average from 8 analysts. New target price is 6.5% above last closing price of NT$1,965. Stock is up 84% over the past year. The company is forecast to post earnings per share of NT$37.45 for next year compared to NT$29.07 last year.
お知らせ • Mar 04Grand Process Technology Corporation, Annual General Meeting, Jun 17, 2026Grand Process Technology Corporation, Annual General Meeting, Jun 17, 2026. Location: 2 floor no,2, chan yeh 1st rd., hsinchu science park, hsinchu city Taiwan
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,785, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 637% over the past three years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,765, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 679% over the past three years.
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$10.40 (up from NT$7.42 in 3Q 2024). Revenue: NT$1.49b (up 51% from 3Q 2024). Net income: NT$303.9m (up 40% from 3Q 2024). Profit margin: 20% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Oct 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,735, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 874% over the past three years.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,640, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 701% over the past three years.
Price Target Changed • Aug 16Price target increased by 9.1% to NT$1,463Up from NT$1,340, the current price target is an average from 4 analysts. New target price is 5.3% above last closing price of NT$1,390. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$43.86 for next year compared to NT$29.07 last year.
Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$7.05 (up from NT$7.04 in 2Q 2024). Revenue: NT$1.63b (up 70% from 2Q 2024). Net income: NT$206.0m (flat on 2Q 2024). Profit margin: 13% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 22Upcoming dividend of NT$22.00 per shareEligible shareholders must have bought the stock before 29 July 2025. Payment date: 25 August 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.1%).
New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
Declared Dividend • Jun 22Dividend increased to NT$22.00Dividend of NT$22.00 is 38% higher than last year. Ex-date: 29th July 2025 Payment date: 25th August 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next year, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,365, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 417% over the past three years.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$1,215, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 374% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$8.40 (up from NT$5.99 in 1Q 2024). Revenue: NT$1.24b (up 38% from 1Q 2024). Net income: NT$255.2m (up 49% from 1Q 2024). Profit margin: 21% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$948, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 263% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$502 per share.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$790, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$500 per share.
New Risk • Apr 06New 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: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 27Full year 2024 earnings released: EPS: NT$29.07 (vs NT$21.56 in FY 2023)Full year 2024 results: EPS: NT$29.07 (up from NT$21.56 in FY 2023). Revenue: NT$4.07b (up 15% from FY 2023). Net income: NT$845.4m (up 37% from FY 2023). Profit margin: 21% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Mar 13Price target decreased by 12% to NT$1,933Down from NT$2,186, the current price target is an average from 5 analysts. New target price is 67% above last closing price of NT$1,155. Stock is up 37% over the past year. The company is forecast to post earnings per share of NT$28.27 for next year compared to NT$21.56 last year.
お知らせ • Mar 05Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2025Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2025. Location: 1 floor no,77, hsien cheng 8th st., jhubei city, hsinchu county Taiwan
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$1,215, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 294% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$565 per share.
New Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,325, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 324% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$557 per share.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,535, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 379% over the past three years.
Reported Earnings • Nov 18Third quarter 2024 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2024 results: EPS: NT$7.42 (up from NT$5.54 in 3Q 2023). Revenue: NT$991.7m (up 19% from 3Q 2023). Net income: NT$216.8m (up 37% from 3Q 2023). Profit margin: 22% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,760, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 415% over the past three years.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$7.04 (vs NT$5.33 in 2Q 2023)Second quarter 2024 results: EPS: NT$7.04 (up from NT$5.33 in 2Q 2023). Revenue: NT$961.7m (up 12% from 2Q 2023). Net income: NT$205.5m (up 35% from 2Q 2023). Profit margin: 21% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,800, the stock trades at a trailing P/E ratio of 77.7x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 439% over the past three years.
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,550, the stock trades at a trailing P/E ratio of 66.9x. Average forward P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 312% over the past three years.
Upcoming Dividend • Jul 23Upcoming dividend of NT$16.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,415, the stock trades at a trailing P/E ratio of 61.1x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 287% over the past three years.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,290, the stock trades at a trailing P/E ratio of 55x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 284% over the past three years.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,130, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 299% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$5.99 (vs NT$4.10 in 1Q 2023)First quarter 2024 results: EPS: NT$5.99 (up from NT$4.10 in 1Q 2023). Revenue: NT$898.1m (up 10% from 1Q 2023). Net income: NT$171.9m (up 47% from 1Q 2023). Profit margin: 19% (up from 14% 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 6% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$1,110, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 270% over the past three years.
お知らせ • Mar 29Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2024Grand Process Technology Corporation, Annual General Meeting, Jun 19, 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$21.56 (vs NT$25.32 in FY 2022)Full year 2023 results: EPS: NT$21.56 (down from NT$25.32 in FY 2022). Revenue: NT$3.54b (down 4.8% from FY 2022). Net income: NT$616.3m (down 15% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$999, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 241% over the past three years.
New Risk • Aug 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Dividend is not well covered by cash flows (457% cash payout ratio).
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$5.33 (vs NT$6.20 in 2Q 2022)Second quarter 2023 results: EPS: NT$5.33 (down from NT$6.20 in 2Q 2022). Revenue: NT$862.1m (down 2.9% from 2Q 2022). Net income: NT$152.7m (down 14% from 2Q 2022). Profit margin: 18% (down from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 20Upcoming dividend of NT$18.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$580, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 88% over the past three years.
New Risk • Jun 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Dividend is not well covered by cash flows (255% cash payout ratio).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$472, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 142% over the past three years.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$325, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 125% over the past three years.
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. 8 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$7.99 (vs NT$5.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$7.99 (up from NT$5.12 in 3Q 2021). Revenue: NT$901.4m (down 8.4% from 3Q 2021). Net income: NT$228.0m (up 56% from 3Q 2021). Profit margin: 25% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$216, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 60% over the past three years.
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$286, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$6.20 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$6.20 (up from NT$5.06 in 2Q 2021). Revenue: NT$888.1m (up 11% from 2Q 2021). Net income: NT$176.9m (up 23% from 2Q 2021). Profit margin: 20% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of NT$17.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$244, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 111% over the past three years.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$5.90 (vs NT$4.85 in 1Q 2021)First quarter 2022 results: EPS: NT$5.90 (up from NT$4.85 in 1Q 2021). Revenue: NT$921.6m (up 23% from 1Q 2021). Net income: NT$168.3m (up 22% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.
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. 8 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$23.47 (vs NT$13.92 in FY 2020)Full year 2021 results: EPS: NT$23.47 (up from NT$13.92 in FY 2020). Revenue: NT$3.66b (up 47% from FY 2020). Net income: NT$669.5m (up 69% from FY 2020). Profit margin: 18% (up from 16% 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 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$5.12 (vs NT$4.06 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$984.1m (up 53% from 3Q 2020). Net income: NT$145.9m (up 26% from 3Q 2020). Profit margin: 15% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$3.55 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$803.9m (up 30% from 2Q 2020). Net income: NT$144.2m (up 42% from 2Q 2020). Profit margin: 18% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 22Upcoming dividend of NT$11.00 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 25 August 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$374, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 194% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$4.85 (vs NT$2.38 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$750.0m (up 52% from 1Q 2020). Net income: NT$138.2m (up 104% from 1Q 2020). Profit margin: 18% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 04Is Grand Process Technology Corporation's (GTSM:3131) 3.2% Dividend Worth Your Time?Is Grand Process Technology Corporation ( GTSM:3131 ) a good dividend stock? How can we tell? Dividend paying companies...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$13.92 (vs NT$11.11 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.49b (up 21% from FY 2019). Net income: NT$396.9m (up 28% from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
分析記事 • Mar 16Estimating The Intrinsic Value Of Grand Process Technology Corporation (GTSM:3131)In this article we are going to estimate the intrinsic value of Grand Process Technology Corporation ( GTSM:3131 ) by...
Is New 90 Day High Low • Mar 03New 90-day low: NT$354The company is down 7.0% from its price of NT$380 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Mar 01The Trends At Grand Process Technology (GTSM:3131) That You Should Know AboutIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
分析記事 • Feb 11Does Grand Process Technology (GTSM:3131) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Jan 24Grand Process Technology Corporation's (GTSM:3131) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Grand Process Technology (GTSM:3131) has had a great run on the share market with its stock up by a significant 12...
分析記事 • Jan 05Did You Participate In Any Of Grand Process Technology's (GTSM:3131) Fantastic 178% Return ?The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
分析記事 • Dec 18Should Grand Process Technology Corporation (GTSM:3131) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Grand Process Technology Corporation ( GTSM:3131 ) tend to be popular with investors, and...
Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 18% share price gain to NT$450, the stock is trading at a trailing P/E ratio of 34.3x, up from the previous P/E ratio of 29.1x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 192%.
Is New 90 Day High Low • Dec 08New 90-day high: NT$409The company is up 17% from its price of NT$349 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Nov 30Will Grand Process Technology (GTSM:3131) Multiply In Value Going Forward?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$4.06The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$644.2m (up 14% from 3Q 2019). Net income: NT$115.7m (up 27% from 3Q 2019). Profit margin: 18% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
