View Future GrowthUbright Optronics 過去の業績過去 基準チェック /26Ubright Optronicsは、平均年間14.3%の収益成長を遂げていますが、 Semiconductor業界の収益は、年間 減少しています。収益は、平均年間4.6% 1.5%収益成長率で 成長しています。 Ubright Optronicsの自己資本利益率は12.2%であり、純利益率は14.8%です。主要情報14.33%収益成長率12.80%EPS成長率Semiconductor 業界の成長19.89%収益成長率1.46%株主資本利益率12.17%ネット・マージン14.76%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.29 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.29 in 1Q 2025). Revenue: NT$735.2m (down 1.3% from 1Q 2025). Net income: NT$156.4m (down 16% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$5.77 (vs NT$7.07 in FY 2024)Full year 2025 results: EPS: NT$5.77 (down from NT$7.07 in FY 2024). Revenue: NT$3.01b (up 2.4% from FY 2024). Net income: NT$472.8m (down 18% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$2.37 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.37 (up from NT$1.25 in 3Q 2024). Revenue: NT$772.2m (up 5.4% from 3Q 2024). Net income: NT$194.7m (up 91% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.Reported Earnings • Aug 14Second quarter 2025 earnings released: NT$0.85 loss per share (vs NT$2.00 profit in 2Q 2024)Second quarter 2025 results: NT$0.85 loss per share (down from NT$2.00 profit in 2Q 2024). Revenue: NT$780.6m (up 8.0% from 2Q 2024). Net loss: NT$69.8m (down 143% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.29 (vs NT$1.95 in 1Q 2024)First quarter 2025 results: EPS: NT$2.29 (up from NT$1.95 in 1Q 2024). Revenue: NT$744.9m (up 22% from 1Q 2024). Net income: NT$186.9m (up 18% from 1Q 2024). Profit margin: 25% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.お知らせ • Apr 22Ubright Optronics Corporation to Report Q1, 2025 Results on Apr 29, 2025Ubright Optronics Corporation announced that they will report Q1, 2025 results on Apr 29, 2025すべての更新を表示Recent updatesBuy Or Sell Opportunity • May 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to NT$72.60. The fair value is estimated to be NT$59.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%.Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.29 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.29 in 1Q 2025). Revenue: NT$735.2m (down 1.3% from 1Q 2025). Net income: NT$156.4m (down 16% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$70.60, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 147% over the past three years.Buy Or Sell Opportunity • Mar 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.6% to NT$56.80. The fair value is estimated to be NT$71.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$5.77 (vs NT$7.07 in FY 2024)Full year 2025 results: EPS: NT$5.77 (down from NT$7.07 in FY 2024). Revenue: NT$3.01b (up 2.4% from FY 2024). Net income: NT$472.8m (down 18% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 10Ubright Optronics Corporation, Annual General Meeting, Jun 04, 2026Ubright Optronics Corporation, Annual General Meeting, Jun 04, 2026. Location: no,80, hsin kuang e. rd., jen shan li, dasi district, taoyuan city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$2.37 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.37 (up from NT$1.25 in 3Q 2024). Revenue: NT$772.2m (up 5.4% from 3Q 2024). Net income: NT$194.7m (up 91% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.New Risk • Aug 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 121% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).New Risk • Aug 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 123% Dividend yield: 9.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 123% Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • Aug 14Second quarter 2025 earnings released: NT$0.85 loss per share (vs NT$2.00 profit in 2Q 2024)Second quarter 2025 results: NT$0.85 loss per share (down from NT$2.00 profit in 2Q 2024). Revenue: NT$780.6m (up 8.0% from 2Q 2024). Net loss: NT$69.8m (down 143% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year.Upcoming Dividend • Jul 15Upcoming dividend of NT$5.99 per shareEligible shareholders must have bought the stock before 22 July 2025. Payment date: 22 August 2025. Payout ratio and cash payout ratio are on the higher end at 81% and 96% respectively. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%).Declared Dividend • Jun 27Dividend increased to NT$6.00Dividend of NT$6.00 is 102% higher than last year. Ex-date: 22nd July 2025 Payment date: 22nd August 2025 Dividend yield will be 7.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 11+ 1 more updateUbright Optronics Corporation Approves the Cash Dividend Distribution for the Year 2024Ubright Optronics Corporation approved the cash dividend distribution for the year 2024: total TWD 491,122,050, with TWD 6.0 per share.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.29 (vs NT$1.95 in 1Q 2024)First quarter 2025 results: EPS: NT$2.29 (up from NT$1.95 in 1Q 2024). Revenue: NT$744.9m (up 22% from 1Q 2024). Net income: NT$186.9m (up 18% from 1Q 2024). Profit margin: 25% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.お知らせ • Apr 22Ubright Optronics Corporation to Report Q1, 2025 Results on Apr 29, 2025Ubright Optronics Corporation announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$66.10, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 111% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$7.07 (vs NT$4.22 in FY 2023)Full year 2024 results: EPS: NT$7.07 (up from NT$4.22 in FY 2023). Revenue: NT$2.94b (up 18% from FY 2023). Net income: NT$575.6m (up 70% from FY 2023). Profit margin: 20% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 06+ 1 more updateUbright Optronics Corporation, Annual General Meeting, Jun 10, 2025Ubright Optronics Corporation, Annual General Meeting, Jun 10, 2025. Location: no,80, hsin kuang e. rd., jen shan li, dasi district, taoyuan city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.25 (vs NT$1.81 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.25 (down from NT$1.81 in 3Q 2023). Revenue: NT$732.4m (up 4.1% from 3Q 2023). Net income: NT$101.9m (down 30% from 3Q 2023). Profit margin: 14% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.お知らせ • Oct 29Ubright Optronics Corporation to Report Q3, 2024 Results on Nov 05, 2024Ubright Optronics Corporation announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.00 (vs NT$1.58 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.00 (up from NT$1.58 in 2Q 2023). Revenue: NT$722.8m (up 9.8% from 2Q 2023). Net income: NT$162.8m (up 28% from 2Q 2023). Profit margin: 23% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years.New Risk • Aug 05New 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 7.0% 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 High level of non-cash earnings (37% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Jul 17Ubright Optronics Corporation to Report Q2, 2024 Results on Jul 24, 2024Ubright Optronics Corporation announced that they will report Q2, 2024 results on Jul 24, 2024Declared Dividend • Jul 15Dividend of NT$2.98 announcedShareholders will receive a dividend of NT$2.98. Ex-date: 1st August 2024 Payment date: 23rd August 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.95 (vs NT$0.11 in 1Q 2023)First quarter 2024 results: EPS: NT$1.95 (up from NT$0.11 in 1Q 2023). Revenue: NT$611.2m (up 38% from 1Q 2023). Net income: NT$158.5m (up NT$149.4m from 1Q 2023). Profit margin: 26% (up from 2.1% 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 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$67.70, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 112% over the past three years.お知らせ • Apr 28Ubright Optronics Corporation to Report Q1, 2024 Results on May 06, 2024Ubright Optronics Corporation announced that they will report Q1, 2024 results on May 06, 2024Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to NT$58.80. The fair value is estimated to be NT$73.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 3.8%.Reported Earnings • Mar 25Full year 2023 earnings released: EPS: NT$4.22 (vs NT$3.59 in FY 2022)Full year 2023 results: EPS: NT$4.22 (up from NT$3.59 in FY 2022). Revenue: NT$2.50b (up 9.0% from FY 2022). Net income: NT$339.5m (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.お知らせ • Feb 23Ubright Optronics Corporation Appoints Wu Hsin-Chieh as CEOUbright Optronics Corporation announced appointment of Wu Hsin-Chieh /Chairman as CEO to assist the General Manager in Expediting the Development of Various Business Operations. Effective date is February 21, 2024.お知らせ • Feb 22Ubright Optronics Corporation, Annual General Meeting, Jun 03, 2024Ubright Optronics Corporation, Annual General Meeting, Jun 03, 2024. Location: No.80, Xinguang E. Rd, Renshan Vil., Daxi Dist., Taoyuan City 335 Taoyuan Taiwan Agenda: To approve the 2023 Business Report; to approve the Audit Committee's Review Report on the 2023; to approve the Report on the 2023 Remuneration for Employees and Directors; to approve the 2023 Earnings Appropriation of Cash Dividend Report; to consider the Acknowledgment of the Company's 2023 Business Report and Financial Statements; to consider the Acknowledgment of the Company's 2023 Earnings Appropriation Statement; and to consider other matters if any.New Risk • Oct 12New 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 7.9% 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Dividend is not well covered by earnings (108% payout ratio).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.58 (vs NT$1.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.58 (up from NT$1.49 in 2Q 2022). Revenue: NT$658.2m (down 5.5% from 2Q 2022). Net income: NT$126.9m (up 6.7% from 2Q 2022). Profit margin: 19% (up from 17% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$41.60, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 106% over the past three years.Upcoming Dividend • Jul 25Upcoming dividend of NT$2.91 per share at 8.0% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).Reported Earnings • Mar 22Full year 2022 earnings released: EPS: NT$3.59 (vs NT$3.66 in FY 2021)Full year 2022 results: EPS: NT$3.59 (down from NT$3.66 in FY 2021). Revenue: NT$2.29b (down 23% from FY 2021). Net income: NT$287.5m (down 1.5% from FY 2021). Profit margin: 13% (up from 9.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.01 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.00 (down from NT$1.01 in 3Q 2021). Revenue: NT$409.8m (down 47% from 3Q 2021). Net income: NT$80.2m (down 1.0% from 3Q 2021). Profit margin: 20% (up from 11% 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 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.01 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.00 (down from NT$1.01 in 3Q 2021). Revenue: NT$409.8m (down 47% from 3Q 2021). Net income: NT$80.2m (down 1.0% from 3Q 2021). Profit margin: 20% (up from 11% 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 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.49 (vs NT$0.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.49 (up from NT$0.90 in 2Q 2021). Revenue: NT$696.8m (down 6.5% from 2Q 2021). Net income: NT$118.9m (up 66% from 2Q 2021). Profit margin: 17% (up from 9.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 27Upcoming dividend of NT$3.32 per shareEligible shareholders must have bought the stock before 03 August 2022. Payment date: 24 August 2022. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).Reported Earnings • May 02First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: NT$1.10 (up from NT$0.87 in 1Q 2021). Revenue: NT$692.2m (flat on 1Q 2021). Net income: NT$88.3m (up 28% from 1Q 2021). Profit margin: 13% (up from 10.0% in 1Q 2021). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.71 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$771.6m (down 2.8% from 3Q 2020). Net income: NT$81.0m (up 45% from 3Q 2020). Profit margin: 11% (up from 7.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.90 (vs NT$0.56 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$745.3m (up 13% from 2Q 2020). Net income: NT$71.7m (up 63% from 2Q 2020). Profit margin: 9.6% (up from 6.7% 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 24% per year whereas the company’s share price has increased by 19% per year.Upcoming Dividend • Jul 27Upcoming dividend of NT$2.19 per shareEligible shareholders must have bought the stock before 03 August 2021. Payment date: 24 August 2021. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$692.9m (up 43% from 1Q 2020). Net income: NT$69.3m (up 209% from 1Q 2020). Profit margin: 10.0% (up from 4.6% 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 22% per year whereas the company’s share price has increased by 23% per year.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$36.95, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 117% over the past three years.分析記事 • Apr 04Is Ubright Optronics Corporation (GTSM:4933) A Smart Choice For Dividend Investors?Is Ubright Optronics Corporation ( GTSM:4933 ) a good dividend stock? How can we tell? Dividend paying companies with...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.53 (vs NT$1.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.73b (up 16% from FY 2019). Net income: NT$199.5m (up 111% from FY 2019). Profit margin: 7.3% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 08Calculating The Intrinsic Value Of Ubright Optronics Corporation (GTSM:4933)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ubright Optronics...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$45.30, the stock is trading at a trailing P/E ratio of 29.5x, up from the previous P/E ratio of 25.5x. This compares to an average P/E of 29x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 157%.分析記事 • Feb 18Ubright Optronics (GTSM:4933) Has Gifted Shareholders With A Fantastic 139% Total Return On Their InvestmentIt might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...分析記事 • Feb 03We Like These Underlying Trends At Ubright Optronics (GTSM:4933)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...分析記事 • Jan 19Ubright Optronics Corporation's (GTSM:4933) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Ubright Optronics (GTSM:4933) has had a great run on the share market with its stock up by a significant 30% over the...分析記事 • Jan 04Should Ubright Optronics Corporation (GTSM:4933) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Ubright Optronics Corporation ( GTSM:4933 ) tend to be popular with investors, and for good...分析記事 • Dec 18Are Ubright Optronics's (GTSM:4933) Statutory Earnings A Good Guide To Its Underlying Profitability?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...Is New 90 Day High Low • Dec 08New 90-day high: NT$44.65The company is up 44% from its price of NT$31.05 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Dec 03A Look At The Fair Value Of Ubright Optronics Corporation (GTSM:4933)Today we will run through one way of estimating the intrinsic value of Ubright Optronics Corporation ( GTSM:4933 ) by...Valuation Update With 7 Day Price Move • Nov 28Market bids up stock over the past weekAfter last week's 21% share price gain to NT$41.30, the stock is trading at a trailing P/E ratio of 26.9x, up from the previous P/E ratio of 22.3x. This compares to an average P/E of 24x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 117%.Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 17% share price gain to NT$36.25, the stock is trading at a trailing P/E ratio of 23.7x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 86%.Is New 90 Day High Low • Nov 20New 90-day high: NT$34.25The company is up 33% from its price of NT$25.75 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 16% over the same period.分析記事 • Nov 18Did You Participate In Any Of Ubright Optronics' (GTSM:4933) Respectable 56% Return?By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with...収支内訳Ubright Optronics の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:4933 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 262,99844217926131 Dec 253,00747318227130 Sep 253,16846418028630 Jun 253,12837117427631 Mar 253,07060417328231 Dec 242,93757617925830 Sep 242,76048117721630 Jun 242,73152518920431 Mar 242,66748921218931 Dec 232,49834019618830 Sep 232,29828217718530 Jun 232,00421615916831 Mar 232,04320815915131 Dec 222,29228717113430 Sep 222,55135719813930 Jun 222,91335820714731 Mar 222,96231119915931 Dec 212,96229219816930 Sep 212,99629919516730 Jun 213,01927419616431 Mar 212,93224619015931 Dec 202,72519917415230 Sep 202,51512015715030 Jun 202,3149114415331 Mar 202,2558614314931 Dec 192,3499414615330 Sep 192,45512717015830 Jun 192,59914517815231 Mar 192,63517418314731 Dec 182,63213818513930 Sep 182,63111417513130 Jun 182,5899217713231 Mar 182,6304817614331 Dec 172,6802917615630 Sep 172,8508618618630 Jun 173,04910718919631 Mar 173,17312819518731 Dec 163,34117020916930 Sep 163,49018021714230 Jun 163,60420423312231 Mar 163,83317924611331 Dec 154,02417325910930 Sep 153,97113024610930 Jun 153,952120240141質の高い収益: 4933は 高品質の収益 を持っています。利益率の向上: 4933の現在の純利益率 (14.8%)は、昨年(19.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 4933の収益は過去 5 年間で年間14.3%増加しました。成長の加速: 4933は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 4933は過去 1 年間で収益成長率がマイナス ( -26.7% ) となったため、 Semiconductor業界平均 ( 2.4% ) と比較することが困難です。株主資本利益率高いROE: 4933の 自己資本利益率 ( 12.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSemiconductors 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 09:40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Ubright Optronics Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Eric KaoKGI Securities Co. Ltd.Zhilong YenMasterlink Securities Investment Advisory
Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.29 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.29 in 1Q 2025). Revenue: NT$735.2m (down 1.3% from 1Q 2025). Net income: NT$156.4m (down 16% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$5.77 (vs NT$7.07 in FY 2024)Full year 2025 results: EPS: NT$5.77 (down from NT$7.07 in FY 2024). Revenue: NT$3.01b (up 2.4% from FY 2024). Net income: NT$472.8m (down 18% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$2.37 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.37 (up from NT$1.25 in 3Q 2024). Revenue: NT$772.2m (up 5.4% from 3Q 2024). Net income: NT$194.7m (up 91% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.
Reported Earnings • Aug 14Second quarter 2025 earnings released: NT$0.85 loss per share (vs NT$2.00 profit in 2Q 2024)Second quarter 2025 results: NT$0.85 loss per share (down from NT$2.00 profit in 2Q 2024). Revenue: NT$780.6m (up 8.0% from 2Q 2024). Net loss: NT$69.8m (down 143% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.29 (vs NT$1.95 in 1Q 2024)First quarter 2025 results: EPS: NT$2.29 (up from NT$1.95 in 1Q 2024). Revenue: NT$744.9m (up 22% from 1Q 2024). Net income: NT$186.9m (up 18% from 1Q 2024). Profit margin: 25% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.
お知らせ • Apr 22Ubright Optronics Corporation to Report Q1, 2025 Results on Apr 29, 2025Ubright Optronics Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Buy Or Sell Opportunity • May 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to NT$72.60. The fair value is estimated to be NT$59.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%.
Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.29 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.29 in 1Q 2025). Revenue: NT$735.2m (down 1.3% from 1Q 2025). Net income: NT$156.4m (down 16% from 1Q 2025). Profit margin: 21% (down from 25% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$70.60, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 147% over the past three years.
Buy Or Sell Opportunity • Mar 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.6% to NT$56.80. The fair value is estimated to be NT$71.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$5.77 (vs NT$7.07 in FY 2024)Full year 2025 results: EPS: NT$5.77 (down from NT$7.07 in FY 2024). Revenue: NT$3.01b (up 2.4% from FY 2024). Net income: NT$472.8m (down 18% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 10Ubright Optronics Corporation, Annual General Meeting, Jun 04, 2026Ubright Optronics Corporation, Annual General Meeting, Jun 04, 2026. Location: no,80, hsin kuang e. rd., jen shan li, dasi district, taoyuan city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$2.37 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.37 (up from NT$1.25 in 3Q 2024). Revenue: NT$772.2m (up 5.4% from 3Q 2024). Net income: NT$194.7m (up 91% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.
New Risk • Aug 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 121% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).
New Risk • Aug 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 123% Dividend yield: 9.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Cash payout ratio: 123% Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • Aug 14Second quarter 2025 earnings released: NT$0.85 loss per share (vs NT$2.00 profit in 2Q 2024)Second quarter 2025 results: NT$0.85 loss per share (down from NT$2.00 profit in 2Q 2024). Revenue: NT$780.6m (up 8.0% from 2Q 2024). Net loss: NT$69.8m (down 143% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year.
Upcoming Dividend • Jul 15Upcoming dividend of NT$5.99 per shareEligible shareholders must have bought the stock before 22 July 2025. Payment date: 22 August 2025. Payout ratio and cash payout ratio are on the higher end at 81% and 96% respectively. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%).
Declared Dividend • Jun 27Dividend increased to NT$6.00Dividend of NT$6.00 is 102% higher than last year. Ex-date: 22nd July 2025 Payment date: 22nd August 2025 Dividend yield will be 7.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 11+ 1 more updateUbright Optronics Corporation Approves the Cash Dividend Distribution for the Year 2024Ubright Optronics Corporation approved the cash dividend distribution for the year 2024: total TWD 491,122,050, with TWD 6.0 per share.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$2.29 (vs NT$1.95 in 1Q 2024)First quarter 2025 results: EPS: NT$2.29 (up from NT$1.95 in 1Q 2024). Revenue: NT$744.9m (up 22% from 1Q 2024). Net income: NT$186.9m (up 18% from 1Q 2024). Profit margin: 25% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year.
お知らせ • Apr 22Ubright Optronics Corporation to Report Q1, 2025 Results on Apr 29, 2025Ubright Optronics Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$66.10, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 111% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$7.07 (vs NT$4.22 in FY 2023)Full year 2024 results: EPS: NT$7.07 (up from NT$4.22 in FY 2023). Revenue: NT$2.94b (up 18% from FY 2023). Net income: NT$575.6m (up 70% from FY 2023). Profit margin: 20% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 06+ 1 more updateUbright Optronics Corporation, Annual General Meeting, Jun 10, 2025Ubright Optronics Corporation, Annual General Meeting, Jun 10, 2025. Location: no,80, hsin kuang e. rd., jen shan li, dasi district, taoyuan city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.25 (vs NT$1.81 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.25 (down from NT$1.81 in 3Q 2023). Revenue: NT$732.4m (up 4.1% from 3Q 2023). Net income: NT$101.9m (down 30% from 3Q 2023). Profit margin: 14% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year.
お知らせ • Oct 29Ubright Optronics Corporation to Report Q3, 2024 Results on Nov 05, 2024Ubright Optronics Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.00 (vs NT$1.58 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.00 (up from NT$1.58 in 2Q 2023). Revenue: NT$722.8m (up 9.8% from 2Q 2023). Net income: NT$162.8m (up 28% from 2Q 2023). Profit margin: 23% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 105% over the past three years.
New Risk • Aug 05New 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 7.0% 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 High level of non-cash earnings (37% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Jul 17Ubright Optronics Corporation to Report Q2, 2024 Results on Jul 24, 2024Ubright Optronics Corporation announced that they will report Q2, 2024 results on Jul 24, 2024
Declared Dividend • Jul 15Dividend of NT$2.98 announcedShareholders will receive a dividend of NT$2.98. Ex-date: 1st August 2024 Payment date: 23rd August 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.95 (vs NT$0.11 in 1Q 2023)First quarter 2024 results: EPS: NT$1.95 (up from NT$0.11 in 1Q 2023). Revenue: NT$611.2m (up 38% from 1Q 2023). Net income: NT$158.5m (up NT$149.4m from 1Q 2023). Profit margin: 26% (up from 2.1% 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 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$67.70, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 112% over the past three years.
お知らせ • Apr 28Ubright Optronics Corporation to Report Q1, 2024 Results on May 06, 2024Ubright Optronics Corporation announced that they will report Q1, 2024 results on May 06, 2024
Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to NT$58.80. The fair value is estimated to be NT$73.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 3.8%.
Reported Earnings • Mar 25Full year 2023 earnings released: EPS: NT$4.22 (vs NT$3.59 in FY 2022)Full year 2023 results: EPS: NT$4.22 (up from NT$3.59 in FY 2022). Revenue: NT$2.50b (up 9.0% from FY 2022). Net income: NT$339.5m (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Feb 23Ubright Optronics Corporation Appoints Wu Hsin-Chieh as CEOUbright Optronics Corporation announced appointment of Wu Hsin-Chieh /Chairman as CEO to assist the General Manager in Expediting the Development of Various Business Operations. Effective date is February 21, 2024.
お知らせ • Feb 22Ubright Optronics Corporation, Annual General Meeting, Jun 03, 2024Ubright Optronics Corporation, Annual General Meeting, Jun 03, 2024. Location: No.80, Xinguang E. Rd, Renshan Vil., Daxi Dist., Taoyuan City 335 Taoyuan Taiwan Agenda: To approve the 2023 Business Report; to approve the Audit Committee's Review Report on the 2023; to approve the Report on the 2023 Remuneration for Employees and Directors; to approve the 2023 Earnings Appropriation of Cash Dividend Report; to consider the Acknowledgment of the Company's 2023 Business Report and Financial Statements; to consider the Acknowledgment of the Company's 2023 Earnings Appropriation Statement; and to consider other matters if any.
New Risk • Oct 12New 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 7.9% 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Dividend is not well covered by earnings (108% payout ratio).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.58 (vs NT$1.49 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.58 (up from NT$1.49 in 2Q 2022). Revenue: NT$658.2m (down 5.5% from 2Q 2022). Net income: NT$126.9m (up 6.7% from 2Q 2022). Profit margin: 19% (up from 17% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$41.60, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 106% over the past three years.
Upcoming Dividend • Jul 25Upcoming dividend of NT$2.91 per share at 8.0% yieldEligible shareholders must have bought the stock before 01 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: NT$3.59 (vs NT$3.66 in FY 2021)Full year 2022 results: EPS: NT$3.59 (down from NT$3.66 in FY 2021). Revenue: NT$2.29b (down 23% from FY 2021). Net income: NT$287.5m (down 1.5% from FY 2021). Profit margin: 13% (up from 9.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.01 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.00 (down from NT$1.01 in 3Q 2021). Revenue: NT$409.8m (down 47% from 3Q 2021). Net income: NT$80.2m (down 1.0% from 3Q 2021). Profit margin: 20% (up from 11% 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 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.01 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.00 (down from NT$1.01 in 3Q 2021). Revenue: NT$409.8m (down 47% from 3Q 2021). Net income: NT$80.2m (down 1.0% from 3Q 2021). Profit margin: 20% (up from 11% 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 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.49 (vs NT$0.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.49 (up from NT$0.90 in 2Q 2021). Revenue: NT$696.8m (down 6.5% from 2Q 2021). Net income: NT$118.9m (up 66% from 2Q 2021). Profit margin: 17% (up from 9.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 27Upcoming dividend of NT$3.32 per shareEligible shareholders must have bought the stock before 03 August 2022. Payment date: 24 August 2022. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 9.1%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%).
Reported Earnings • May 02First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: NT$1.10 (up from NT$0.87 in 1Q 2021). Revenue: NT$692.2m (flat on 1Q 2021). Net income: NT$88.3m (up 28% from 1Q 2021). Profit margin: 13% (up from 10.0% in 1Q 2021). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.71 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$771.6m (down 2.8% from 3Q 2020). Net income: NT$81.0m (up 45% from 3Q 2020). Profit margin: 11% (up from 7.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.90 (vs NT$0.56 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$745.3m (up 13% from 2Q 2020). Net income: NT$71.7m (up 63% from 2Q 2020). Profit margin: 9.6% (up from 6.7% 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 24% per year whereas the company’s share price has increased by 19% per year.
Upcoming Dividend • Jul 27Upcoming dividend of NT$2.19 per shareEligible shareholders must have bought the stock before 03 August 2021. Payment date: 24 August 2021. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.87 (vs NT$0.29 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$692.9m (up 43% from 1Q 2020). Net income: NT$69.3m (up 209% from 1Q 2020). Profit margin: 10.0% (up from 4.6% 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 22% per year whereas the company’s share price has increased by 23% per year.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$36.95, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 117% over the past three years.
分析記事 • Apr 04Is Ubright Optronics Corporation (GTSM:4933) A Smart Choice For Dividend Investors?Is Ubright Optronics Corporation ( GTSM:4933 ) a good dividend stock? How can we tell? Dividend paying companies with...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.53 (vs NT$1.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.73b (up 16% from FY 2019). Net income: NT$199.5m (up 111% from FY 2019). Profit margin: 7.3% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 08Calculating The Intrinsic Value Of Ubright Optronics Corporation (GTSM:4933)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ubright Optronics...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$45.30, the stock is trading at a trailing P/E ratio of 29.5x, up from the previous P/E ratio of 25.5x. This compares to an average P/E of 29x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 157%.
分析記事 • Feb 18Ubright Optronics (GTSM:4933) Has Gifted Shareholders With A Fantastic 139% Total Return On Their InvestmentIt might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
分析記事 • Feb 03We Like These Underlying Trends At Ubright Optronics (GTSM:4933)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
分析記事 • Jan 19Ubright Optronics Corporation's (GTSM:4933) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Ubright Optronics (GTSM:4933) has had a great run on the share market with its stock up by a significant 30% over the...
分析記事 • Jan 04Should Ubright Optronics Corporation (GTSM:4933) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Ubright Optronics Corporation ( GTSM:4933 ) tend to be popular with investors, and for good...
分析記事 • Dec 18Are Ubright Optronics's (GTSM:4933) Statutory Earnings A Good Guide To Its Underlying Profitability?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
Is New 90 Day High Low • Dec 08New 90-day high: NT$44.65The company is up 44% from its price of NT$31.05 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Dec 03A Look At The Fair Value Of Ubright Optronics Corporation (GTSM:4933)Today we will run through one way of estimating the intrinsic value of Ubright Optronics Corporation ( GTSM:4933 ) by...
Valuation Update With 7 Day Price Move • Nov 28Market bids up stock over the past weekAfter last week's 21% share price gain to NT$41.30, the stock is trading at a trailing P/E ratio of 26.9x, up from the previous P/E ratio of 22.3x. This compares to an average P/E of 24x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 117%.
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 17% share price gain to NT$36.25, the stock is trading at a trailing P/E ratio of 23.7x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 86%.
Is New 90 Day High Low • Nov 20New 90-day high: NT$34.25The company is up 33% from its price of NT$25.75 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 16% over the same period.
分析記事 • Nov 18Did You Participate In Any Of Ubright Optronics' (GTSM:4933) Respectable 56% Return?By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with...