Higher Way Electronic（3268）株式概要台湾、香港、中国本土、米国および海外でコンシューマー向け、マルチメディア向け、マイクロコントローラーICの販売に従事。 詳細3268 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6リスク分析過去5年間で収益は年間66.5%減少しました。 意味のある時価総額がありません ( NT$611M )すべてのリスクチェックを見る3268 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$17.6075.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-47m2b2016201920222025202620282031Revenue NT$523.5mEarnings NT$82.4mAdvancedSet Fair ValueView all narrativesHigher Way Electronic Co., Ltd. 競合他社UnifosaSymbol: TPEX:8277Market cap: NT$641.4mTontek Design TechnologySymbol: TPEX:5487Market cap: NT$669.8mHigh Power LightingSymbol: TPEX:6559Market cap: NT$601.7mTM TechnologySymbol: TPEX:5468Market cap: NT$641.2m価格と性能株価の高値、安値、推移の概要Higher Way Electronic過去の株価現在の株価NT$17.6052週高値NT$21.8552週安値NT$14.20ベータ0.501ヶ月の変化-3.03%3ヶ月変化n/a1年変化-19.08%3年間の変化-20.00%5年間の変化-35.65%IPOからの変化12.48%最新ニュースReported Earnings • May 14First quarter 2026 earnings released: NT$0.09 loss per share (vs NT$0.064 loss in 1Q 2025)First quarter 2026 results: NT$0.09 loss per share (further deteriorated from NT$0.064 loss in 1Q 2025). Revenue: NT$214.2m (up 13% from 1Q 2025). Net loss: NT$3.12m (loss widened 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 13Full year 2025 earnings released: NT$1.33 loss per share (vs NT$0.26 profit in FY 2024)Full year 2025 results: NT$1.33 loss per share (down from NT$0.26 profit in FY 2024). Revenue: NT$922.2m (down 5.2% from FY 2024). Net loss: NT$46.3m (down NT$55.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: no,60, t`ieh pao st., hsi tun district, taichung city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.37 loss in 3Q 2024)Third quarter 2025 results: NT$0.03 loss per share (improved from NT$0.37 loss in 3Q 2024). Revenue: NT$235.9m (down 12% from 3Q 2024). Net loss: NT$906.0k (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$0.19 profit in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (down from NT$0.19 profit in 2Q 2024). Revenue: NT$291.0m (up 1.9% from 2Q 2024). Net loss: NT$45.2m (down NT$51.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.34 profit in 1Q 2024)First quarter 2025 results: NT$0.06 loss per share (down from NT$0.34 profit in 1Q 2024). Revenue: NT$189.7m (down 12% from 1Q 2024). Net loss: NT$2.21m (down 120% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesReported Earnings • May 14First quarter 2026 earnings released: NT$0.09 loss per share (vs NT$0.064 loss in 1Q 2025)First quarter 2026 results: NT$0.09 loss per share (further deteriorated from NT$0.064 loss in 1Q 2025). Revenue: NT$214.2m (up 13% from 1Q 2025). Net loss: NT$3.12m (loss widened 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 13Full year 2025 earnings released: NT$1.33 loss per share (vs NT$0.26 profit in FY 2024)Full year 2025 results: NT$1.33 loss per share (down from NT$0.26 profit in FY 2024). Revenue: NT$922.2m (down 5.2% from FY 2024). Net loss: NT$46.3m (down NT$55.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: no,60, t`ieh pao st., hsi tun district, taichung city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.37 loss in 3Q 2024)Third quarter 2025 results: NT$0.03 loss per share (improved from NT$0.37 loss in 3Q 2024). Revenue: NT$235.9m (down 12% from 3Q 2024). Net loss: NT$906.0k (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$0.19 profit in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (down from NT$0.19 profit in 2Q 2024). Revenue: NT$291.0m (up 1.9% from 2Q 2024). Net loss: NT$45.2m (down NT$51.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.34 profit in 1Q 2024)First quarter 2025 results: NT$0.06 loss per share (down from NT$0.34 profit in 1Q 2024). Revenue: NT$189.7m (down 12% from 1Q 2024). Net loss: NT$2.21m (down 120% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 7.3% 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 7.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$756.9m market cap, or US$25.0m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$18.35, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years.Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$0.26 (vs NT$0.20 loss in FY 2023)Full year 2024 results: EPS: NT$0.26 (up from NT$0.20 loss in FY 2023). Revenue: NT$972.7m (down 7.4% from FY 2023). Net income: NT$8.83m (up NT$15.4m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • Mar 19Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 20, 2025Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,60, t`ieh pao st., hsi tun district, taichung city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.37 (vs NT$0.40 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.37 (down from NT$0.40 in 3Q 2023). Revenue: NT$267.0m (down 7.3% from 3Q 2023). Net loss: NT$12.7m (down 195% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.41 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.19 (down from NT$0.41 in 2Q 2023). Revenue: NT$285.7m (down 18% from 2Q 2023). Net income: NT$6.69m (down 51% from 2Q 2023). Profit margin: 2.3% (down from 3.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.New Risk • Jun 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 473% Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (NT$1.03b market cap, or US$31.8m).Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$30.80, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 29% over the past three years.Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.39 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.34 (up from NT$0.39 loss in 1Q 2023). Revenue: NT$214.9m (up 19% from 1Q 2023). Net income: NT$11.4m (up NT$24.4m from 1Q 2023). Profit margin: 5.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 14Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024.Reported Earnings • Mar 13Full year 2023 earnings released: NT$0.20 loss per share (vs NT$1.53 profit in FY 2022)Full year 2023 results: NT$0.20 loss per share (down from NT$1.53 profit in FY 2022). Revenue: NT$1.05b (down 15% from FY 2022). Net loss: NT$6.57m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 215% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$822.3m market cap, or US$25.6m).Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$24.85, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 53% over the past three years.New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 219% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$691.9m market cap, or US$21.6m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.75 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (down from NT$0.75 in 2Q 2022). Revenue: NT$347.4m (down 8.6% from 2Q 2022). Net income: NT$13.7m (down 46% from 2Q 2022). Profit margin: 3.9% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 17Upcoming dividend of NT$0.70 per share at 3.1% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.1%).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Shu Ting Zhuang was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$19.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 69% over the past three years.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to NT$26.15, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 139% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.75 (vs NT$0.075 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.75 (up from NT$0.075 in 2Q 2021). Revenue: NT$380.1m (flat on 2Q 2021). Net income: NT$25.2m (up NT$22.7m from 2Q 2021). Profit margin: 6.6% (up from 0.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 04Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 11 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.38 in 1Q 2021)First quarter 2022 results: EPS: NT$0.48 (up from NT$0.38 in 1Q 2021). Revenue: NT$351.2m (up 14% from 1Q 2021). Net income: NT$15.9m (up 27% from 1Q 2021). Profit margin: 4.5% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Shu Ting Zhuang was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.95 (vs NT$0.90 in FY 2020)Full year 2021 results: EPS: NT$0.95 (up from NT$0.90 in FY 2020). Revenue: NT$1.49b (up 27% from FY 2020). Net income: NT$31.8m (up 5.7% from FY 2020). Profit margin: 2.1% (down from 2.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.00, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 188% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$399.6m (up 6.5% from 3Q 2020). Net income: NT$9.92m (up 80% from 3Q 2020). Profit margin: 2.5% (up from 1.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.50 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$383.4m (up 61% from 2Q 2020). Net income: NT$2.50m (up NT$19.3m from 2Q 2020). Profit margin: 0.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 12Inaugural dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 19 August 2021. Payment date: 14 September 2021. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 2.1%.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$41.35, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$31.60, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 115% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.045 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$307.3m (up 88% from 1Q 2020). Net income: NT$12.5m (up NT$14.0m from 1Q 2020). Profit margin: 4.1% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$25.75, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past three years.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$39.60, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 139% over the past three years.分析記事 • Apr 06The Strong Earnings Posted By Higher Way Electronic (GTSM:3268) Are A Good Indication Of The Strength Of The BusinessInvestors were disappointed with Higher Way Electronic Co., Ltd.'s ( GTSM:3268 ) earnings, despite the strong profit...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.90 (vs NT$0.56 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.17b (up 24% from FY 2019). Net income: NT$30.0m (up NT$48.8m from FY 2019). Profit margin: 2.6% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 01We Like These Underlying Trends At Higher Way Electronic (GTSM:3268)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Feb 23New 90-day high: NT$18.70The company is up 13% from its price of NT$16.50 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period.Is New 90 Day High Low • Feb 01New 90-day low: NT$15.20The company is down 11% from its price of NT$17.00 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period.分析記事 • Jan 07Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.17The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$375.1m (up 50% from 3Q 2019). Net income: NT$5.52m (up NT$9.94m from 3Q 2019). Profit margin: 1.5% (up from net loss in 3Q 2019). The move to profitability 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 9% per year, which means it is significantly lagging earnings growth.株主還元3268TW SemiconductorTW 市場7D1.7%1.6%2.6%1Y-19.1%143.1%94.7%株主還元を見る業界別リターン: 3268過去 1 年間で143.1 % の収益を上げたTW Semiconductor業界を下回りました。リターン対市場: 3268は、過去 1 年間で94.7 % のリターンを上げたTW市場を下回りました。価格変動Is 3268's price volatile compared to industry and market?3268 volatility3268 Average Weekly Movement7.2%Semiconductor Industry Average Movement9.7%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 3268 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3268の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1991n/aJason Youwww.higherway.com.tw台湾、香港、中国本土、米国、海外でコンシューマー向け、マルチメディア向け、マイクロコントローラー向けICを販売。ICソフトウェアとファームウェアの開発、画像、無線伝送、センサー、アプリ、アルゴリズムの提供、設計サービスも行う。同社は、マルチメディアプロセッサ、デュアルUSBカメラ、カメラモジュール、赤外線画像などのビデオ製品、電子ピアノ、電子フリップチャート、タブレットPC、音声認識、USBステレオオーディオなどのオーディオ製品、マイクロコントローラ、フラッシュ、モーターMCU、ワイヤレス充電器などの産業用製品、タッチ制御、ディスプレイドライバ、AIoTおよびRFアプリケーションを提供している。同社は1991年に設立され、台湾の台中に本社を置いている。もっと見るHigher Way Electronic Co., Ltd. 基礎のまとめHigher Way Electronic の収益と売上を時価総額と比較するとどうか。3268 基礎統計学時価総額NT$611.09m収益（TTM）-NT$47.25m売上高(TTM)NT$946.68m0.6xP/Sレシオ-12.9xPER（株価収益率3268 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3268 損益計算書（TTM）収益NT$946.68m売上原価NT$889.19m売上総利益NT$57.49mその他の費用NT$104.73m収益-NT$47.25m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）-1.36グロス・マージン6.07%純利益率-4.99%有利子負債／自己資本比率23.4%3268 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 17:20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Higher Way Electronic 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 • May 14First quarter 2026 earnings released: NT$0.09 loss per share (vs NT$0.064 loss in 1Q 2025)First quarter 2026 results: NT$0.09 loss per share (further deteriorated from NT$0.064 loss in 1Q 2025). Revenue: NT$214.2m (up 13% from 1Q 2025). Net loss: NT$3.12m (loss widened 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 13Full year 2025 earnings released: NT$1.33 loss per share (vs NT$0.26 profit in FY 2024)Full year 2025 results: NT$1.33 loss per share (down from NT$0.26 profit in FY 2024). Revenue: NT$922.2m (down 5.2% from FY 2024). Net loss: NT$46.3m (down NT$55.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: no,60, t`ieh pao st., hsi tun district, taichung city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.37 loss in 3Q 2024)Third quarter 2025 results: NT$0.03 loss per share (improved from NT$0.37 loss in 3Q 2024). Revenue: NT$235.9m (down 12% from 3Q 2024). Net loss: NT$906.0k (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$0.19 profit in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (down from NT$0.19 profit in 2Q 2024). Revenue: NT$291.0m (up 1.9% from 2Q 2024). Net loss: NT$45.2m (down NT$51.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.34 profit in 1Q 2024)First quarter 2025 results: NT$0.06 loss per share (down from NT$0.34 profit in 1Q 2024). Revenue: NT$189.7m (down 12% from 1Q 2024). Net loss: NT$2.21m (down 120% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2026 earnings released: NT$0.09 loss per share (vs NT$0.064 loss in 1Q 2025)First quarter 2026 results: NT$0.09 loss per share (further deteriorated from NT$0.064 loss in 1Q 2025). Revenue: NT$214.2m (up 13% from 1Q 2025). Net loss: NT$3.12m (loss widened 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 13Full year 2025 earnings released: NT$1.33 loss per share (vs NT$0.26 profit in FY 2024)Full year 2025 results: NT$1.33 loss per share (down from NT$0.26 profit in FY 2024). Revenue: NT$922.2m (down 5.2% from FY 2024). Net loss: NT$46.3m (down NT$55.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: no,60, t`ieh pao st., hsi tun district, taichung city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.37 loss in 3Q 2024)Third quarter 2025 results: NT$0.03 loss per share (improved from NT$0.37 loss in 3Q 2024). Revenue: NT$235.9m (down 12% from 3Q 2024). Net loss: NT$906.0k (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$0.19 profit in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (down from NT$0.19 profit in 2Q 2024). Revenue: NT$291.0m (up 1.9% from 2Q 2024). Net loss: NT$45.2m (down NT$51.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.34 profit in 1Q 2024)First quarter 2025 results: NT$0.06 loss per share (down from NT$0.34 profit in 1Q 2024). Revenue: NT$189.7m (down 12% from 1Q 2024). Net loss: NT$2.21m (down 120% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 7.3% 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 7.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$756.9m market cap, or US$25.0m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$18.35, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 25% over the past three years.
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$0.26 (vs NT$0.20 loss in FY 2023)Full year 2024 results: EPS: NT$0.26 (up from NT$0.20 loss in FY 2023). Revenue: NT$972.7m (down 7.4% from FY 2023). Net income: NT$8.83m (up NT$15.4m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 19Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 20, 2025Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,60, t`ieh pao st., hsi tun district, taichung city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.37 (vs NT$0.40 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.37 (down from NT$0.40 in 3Q 2023). Revenue: NT$267.0m (down 7.3% from 3Q 2023). Net loss: NT$12.7m (down 195% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.41 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.19 (down from NT$0.41 in 2Q 2023). Revenue: NT$285.7m (down 18% from 2Q 2023). Net income: NT$6.69m (down 51% from 2Q 2023). Profit margin: 2.3% (down from 3.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
New Risk • Jun 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 473% Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (NT$1.03b market cap, or US$31.8m).
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$30.80, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 29% over the past three years.
Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.39 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.34 (up from NT$0.39 loss in 1Q 2023). Revenue: NT$214.9m (up 19% from 1Q 2023). Net income: NT$11.4m (up NT$24.4m from 1Q 2023). Profit margin: 5.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 14Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024.
Reported Earnings • Mar 13Full year 2023 earnings released: NT$0.20 loss per share (vs NT$1.53 profit in FY 2022)Full year 2023 results: NT$0.20 loss per share (down from NT$1.53 profit in FY 2022). Revenue: NT$1.05b (down 15% from FY 2022). Net loss: NT$6.57m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 215% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$822.3m market cap, or US$25.6m).
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$24.85, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 53% over the past three years.
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 3.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 219% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$691.9m market cap, or US$21.6m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.75 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (down from NT$0.75 in 2Q 2022). Revenue: NT$347.4m (down 8.6% from 2Q 2022). Net income: NT$13.7m (down 46% from 2Q 2022). Profit margin: 3.9% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 17Upcoming dividend of NT$0.70 per share at 3.1% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.1%).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Shu Ting Zhuang was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$19.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 69% over the past three years.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improved over the past weekAfter last week's 28% share price gain to NT$26.15, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 139% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.75 (vs NT$0.075 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.75 (up from NT$0.075 in 2Q 2021). Revenue: NT$380.1m (flat on 2Q 2021). Net income: NT$25.2m (up NT$22.7m from 2Q 2021). Profit margin: 6.6% (up from 0.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 04Upcoming dividend of NT$0.60 per shareEligible shareholders must have bought the stock before 11 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.38 in 1Q 2021)First quarter 2022 results: EPS: NT$0.48 (up from NT$0.38 in 1Q 2021). Revenue: NT$351.2m (up 14% from 1Q 2021). Net income: NT$15.9m (up 27% from 1Q 2021). Profit margin: 4.5% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Shu Ting Zhuang was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.95 (vs NT$0.90 in FY 2020)Full year 2021 results: EPS: NT$0.95 (up from NT$0.90 in FY 2020). Revenue: NT$1.49b (up 27% from FY 2020). Net income: NT$31.8m (up 5.7% from FY 2020). Profit margin: 2.1% (down from 2.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$31.00, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 188% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$399.6m (up 6.5% from 3Q 2020). Net income: NT$9.92m (up 80% from 3Q 2020). Profit margin: 2.5% (up from 1.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.50 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$383.4m (up 61% from 2Q 2020). Net income: NT$2.50m (up NT$19.3m from 2Q 2020). Profit margin: 0.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 12Inaugural dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 19 August 2021. Payment date: 14 September 2021. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 2.1%.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$41.35, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$31.60, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 115% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.045 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$307.3m (up 88% from 1Q 2020). Net income: NT$12.5m (up NT$14.0m from 1Q 2020). Profit margin: 4.1% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$25.75, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 82% over the past three years.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$39.60, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 139% over the past three years.
分析記事 • Apr 06The Strong Earnings Posted By Higher Way Electronic (GTSM:3268) Are A Good Indication Of The Strength Of The BusinessInvestors were disappointed with Higher Way Electronic Co., Ltd.'s ( GTSM:3268 ) earnings, despite the strong profit...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.90 (vs NT$0.56 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.17b (up 24% from FY 2019). Net income: NT$30.0m (up NT$48.8m from FY 2019). Profit margin: 2.6% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 01We Like These Underlying Trends At Higher Way Electronic (GTSM:3268)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Feb 23New 90-day high: NT$18.70The company is up 13% from its price of NT$16.50 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period.
Is New 90 Day High Low • Feb 01New 90-day low: NT$15.20The company is down 11% from its price of NT$17.00 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period.
分析記事 • Jan 07Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.17The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$375.1m (up 50% from 3Q 2019). Net income: NT$5.52m (up NT$9.94m from 3Q 2019). Profit margin: 1.5% (up from net loss in 3Q 2019). The move to profitability 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 9% per year, which means it is significantly lagging earnings growth.
