View ValuationGallant Micro. Machining 将来の成長Future 基準チェック /06現在、 Gallant Micro. Machiningの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Semiconductor 収益成長26.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$5.00 (vs NT$1.64 in 1Q 2025)First quarter 2026 results: EPS: NT$5.00 (up from NT$1.64 in 1Q 2025). Revenue: NT$830.3m (up 93% from 1Q 2025). Net income: NT$147.0m (up 221% from 1Q 2025). Profit margin: 18% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 151% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 30%After last week's 30% share price gain to NT$962, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,098% over the past three years.Declared Dividend • Feb 26Dividend of NT$15.00 announcedShareholders will receive a dividend of NT$15.00. Ex-date: 17th June 2026 Payment date: 10th July 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is less than the 52% EPS growth achieved over the last 5 years.お知らせ • Feb 25+ 1 more updateGallant Micro. Machining Co., LTD., Annual General Meeting, May 19, 2026Gallant Micro. Machining Co., LTD., Annual General Meeting, May 19, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county TaiwanReported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$12.75 (vs NT$14.62 in FY 2024)Full year 2025 results: EPS: NT$12.75 (down from NT$14.62 in FY 2024). Revenue: NT$2.69b (up 10% from FY 2024). Net income: NT$357.9m (down 13% from FY 2024). Profit margin: 13% (down from 17% 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 39% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$821, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 34x in the Semiconductor industry in Taiwan. Total returns to shareholders of 860% over the past three years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$718, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 791% over the past three years.New Risk • Nov 27New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Dividend per share is over 8x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change).Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$4.27 (vs NT$2.03 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.27 (up from NT$2.03 in 3Q 2024). Revenue: NT$848.7m (up 79% from 3Q 2024). Net income: NT$119.5m (up 108% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$754, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 794% over the past three years.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$728, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 870% over the past three years.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$680, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 758% over the past three years.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$547, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 578% over the past three years.Upcoming Dividend • Jun 10Upcoming dividend of NT$15.00 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 10 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$476, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 473% over the past three years.Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$1.64 (vs NT$4.93 in 1Q 2024)First quarter 2025 results: EPS: NT$1.64 (down from NT$4.93 in 1Q 2024). Revenue: NT$430.2m (down 38% from 1Q 2024). Net income: NT$45.8m (down 67% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$395, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 388% over the past three years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$349, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 299% over the past three years.New Risk • Mar 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 116% Dividend yield: 3.1% 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: 103% Cash payout ratio: 116% Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$14.62 (vs NT$3.57 in FY 2023)Full year 2024 results: EPS: NT$14.62 (up from NT$3.57 in FY 2023). Revenue: NT$2.44b (up 106% from FY 2023). Net income: NT$412.8m (up 309% from FY 2023). Profit margin: 17% (up from 8.5% 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 14% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Feb 22Dividend increased to NT$15.00Dividend of NT$15.00 is 200% higher than last year. Ex-date: 17th June 2025 Payment date: 10th July 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Feb 21+ 1 more updateGallant Micro. Machining Co., LTD., Annual General Meeting, May 28, 2025Gallant Micro. Machining Co., LTD., Annual General Meeting, May 28, 2025. Location: 4 floor no,265, tung i kuang ming 6th rd., jhubei city, hsinchu county TaiwanReported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$2.03 (up from NT$0.11 in 3Q 2023). Revenue: NT$474.0m (up 99% from 3Q 2023). Net income: NT$57.4m (up NT$54.3m from 3Q 2023). Profit margin: 12% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 126%. Earnings per share (EPS) also surpassed analyst estimates. 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 105% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$730, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 840% over the past three years.Buy Or Sell Opportunity • Aug 20Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 109% to NT$879. The fair value is estimated to be NT$731, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to grow by 3.4% in a year. Earnings are forecast to grow by 30% in the next year.Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: NT$2.27 (vs NT$1.05 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.27 (up from NT$1.05 in 2Q 2023). Revenue: NT$423.1m (up 87% from 2Q 2023). Net income: NT$64.3m (up 117% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jul 29Now 22% undervaluedOver the last 90 days, the stock has risen 94% to NT$795. The fair value is estimated to be NT$1,020, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 44% in the next year.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$611, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 420% over the past three years.Upcoming Dividend • Jun 18Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$488, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 474% over the past three years.Reported Earnings • May 19First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$4.93 (up from NT$0.48 in 1Q 2023). Revenue: NT$695.3m (up 171% from 1Q 2023). Net income: NT$139.4m (up NT$125.7m from 1Q 2023). Profit margin: 20% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 04Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 24, 2024Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 24, 2024.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$283, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 350% over the past three years.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$3.57 (vs NT$8.33 in FY 2022)Full year 2023 results: EPS: NT$3.57 (down from NT$8.33 in FY 2022). Revenue: NT$1.19b (down 20% from FY 2022). Net income: NT$100.9m (down 56% from FY 2022). Profit margin: 8.5% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jan 23New 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 5.4% 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 earnings (321% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$101, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 165% over the past three years.New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.9% Last year net profit margin: 15% 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: 102% Cash payout ratio: 304% Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$3.40 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (down from NT$3.40 in 2Q 2022). Revenue: NT$226.8m (down 47% from 2Q 2022). Net income: NT$29.7m (down 68% from 2Q 2022). Profit margin: 13% (down from 22% 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 37% per year whereas the company’s share price has increased by 40% per year.New Risk • Jul 28New 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 6.2% 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 (25% 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 (6.2% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$116, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 213% over the past three years.Upcoming Dividend • Jun 19Upcoming dividend of NT$6.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%).Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$1.60 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (up from NT$1.60 in 3Q 2021). Revenue: NT$339.1m (down 11% from 3Q 2021). Net income: NT$52.1m (up 21% from 3Q 2021). Profit margin: 15% (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 25% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: NT$3.39 (vs NT$2.88 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.39 (up from NT$2.88 in 2Q 2021). Revenue: NT$427.8m (down 7.3% from 2Q 2021). Net income: NT$92.1m (up 17% from 2Q 2021). Profit margin: 22% (up from 17% 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 36% per year whereas the company’s share price has increased by 32% per year.Upcoming Dividend • Jul 14Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.9%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.92 (vs NT$0.22 in 1Q 2021)First quarter 2022 results: EPS: NT$2.92 (up from NT$0.22 in 1Q 2021). Revenue: NT$394.3m (up 58% from 1Q 2021). Net income: NT$79.2m (up NT$73.0m from 1Q 2021). Profit margin: 20% (up from 2.5% 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 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$112, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 268% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.60 (vs NT$1.02 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$380.6m (up 39% from 3Q 2020). Net income: NT$43.2m (up 51% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$105, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$2.88 (vs NT$0.73 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$461.5m (up 152% from 2Q 2020). Net income: NT$78.9m (up 282% from 2Q 2020). Profit margin: 17% (up from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 30 July 2021. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.2%).分析記事 • Apr 01Gallant Micro. Machining (GTSM:6640) Will Will Want To Turn Around Its Return TrendsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...お知らせ • Mar 17Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 25, 2021Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 25, 2021.Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$1.57 (vs NT$3.02 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$877.3m (up 16% from FY 2019). Net income: NT$44.5m (down 48% from FY 2019). Profit margin: 5.1% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.分析記事 • Mar 11Gallant Micro. Machining Co., LTD. (GTSM:6640) Investors Should Think About This Before Buying It For Its DividendDividend paying stocks like Gallant Micro. Machining Co., LTD. ( GTSM:6640 ) tend to be popular with investors, and for...Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$68.50, the stock is trading at a trailing P/E ratio of 35.6x, down from the previous P/E ratio of 42x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 52%.Is New 90 Day High Low • Mar 03New 90-day high: NT$80.80The company is up 78% from its price of NT$45.30 on 03 December 2020. The Taiwanese market is up 13% 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 • Feb 16Is Gallant Micro. Machining (GTSM:6640) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Jan 29Gallant Micro. Machining Co., LTD.'s (GTSM:6640) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Most readers would already be aware that Gallant Micro. Machining's (GTSM:6640) stock increased significantly by 57...分析記事 • Jan 13Did You Miss Gallant Micro. Machining's (GTSM:6640) 69% Share Price Gain?If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly...Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$71.30, the stock is trading at a trailing P/E ratio of 37x, up from the previous P/E ratio of 30.8x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 71%.Is New 90 Day High Low • Jan 04New 90-day high: NT$64.90The company is up 48% from its price of NT$44.00 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period.分析記事 • Dec 30Has Gallant Micro. Machining (GTSM:6640) Got What It Takes To Become A Multi-Bagger?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$60.00, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 47%.Is New 90 Day High Low • Dec 16New 90-day high: NT$48.85The company is up 11% from its price of NT$44.05 on 18 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 13% over the same period.分析記事 • Dec 09Should You Use Gallant Micro. Machining's (GTSM:6640) Statutory Earnings To Analyse It?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...分析記事 • Nov 17Does Gallant Micro. Machining (GTSM:6640) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS NT$1.01The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$273.5m (up 17% from 3Q 2019). Net income: NT$28.7m (down 24% from 3Q 2019). Profit margin: 11% (down from 16% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.Is New 90 Day High Low • Oct 15New 90-day high: NT$48.40The company is up 6.0% from its price of NT$45.45 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 21% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Gallant Micro. Machining は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TPEX:6640 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20263,091459115289N/A12/31/20252,691358-11150N/A9/30/20252,86641548158N/A6/30/20252,491353998N/A3/31/20252,1773194197N/A12/31/20242,442413359411N/A9/30/20242,059315223267N/A6/30/20241,823261406415N/A3/31/20241,627227619628N/A12/31/20231,188101350367N/A9/30/20231,04353283302N/A6/30/20231,1441025677N/A3/31/20231,345164-130-106N/A12/31/20221,483230-117-100N/A9/30/20221,552253-68N/A6/30/20221,594244132144N/A3/31/20221,627231195202N/A12/31/20211,4821586571N/A9/30/20211,33895-910N/A6/30/20211,231802869N/A3/31/202195322-1130N/A12/31/2020877455291N/A9/30/202079685-30-2N/A6/30/2020758946772N/A3/31/20207891058792N/A12/31/201975885N/A185N/A9/30/2019816105N/A286N/A6/30/201985293N/A141N/A3/31/2019882100N/A161N/A12/31/201892287N/A82N/A9/30/201891872N/A89N/A6/30/201889058N/A124N/A3/31/201890342N/A116N/A12/31/201797765N/A174N/A12/31/2016949118N/A115N/A12/31/2015971118N/A54N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6640の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 6640の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 6640の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 6640の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 6640の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6640の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 08:20終値2026/05/26 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Gallant Micro. Machining 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。1 アナリスト機関Licheng ZhuangCapital Securities Corporation
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$5.00 (vs NT$1.64 in 1Q 2025)First quarter 2026 results: EPS: NT$5.00 (up from NT$1.64 in 1Q 2025). Revenue: NT$830.3m (up 93% from 1Q 2025). Net income: NT$147.0m (up 221% from 1Q 2025). Profit margin: 18% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 151% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 30%After last week's 30% share price gain to NT$962, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1,098% over the past three years.
Declared Dividend • Feb 26Dividend of NT$15.00 announcedShareholders will receive a dividend of NT$15.00. Ex-date: 17th June 2026 Payment date: 10th July 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is less than the 52% EPS growth achieved over the last 5 years.
お知らせ • Feb 25+ 1 more updateGallant Micro. Machining Co., LTD., Annual General Meeting, May 19, 2026Gallant Micro. Machining Co., LTD., Annual General Meeting, May 19, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$12.75 (vs NT$14.62 in FY 2024)Full year 2025 results: EPS: NT$12.75 (down from NT$14.62 in FY 2024). Revenue: NT$2.69b (up 10% from FY 2024). Net income: NT$357.9m (down 13% from FY 2024). Profit margin: 13% (down from 17% 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 39% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$821, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 34x in the Semiconductor industry in Taiwan. Total returns to shareholders of 860% over the past three years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$718, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 791% over the past three years.
New Risk • Nov 27New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Dividend per share is over 8x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change).
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$4.27 (vs NT$2.03 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.27 (up from NT$2.03 in 3Q 2024). Revenue: NT$848.7m (up 79% from 3Q 2024). Net income: NT$119.5m (up 108% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$754, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 794% over the past three years.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$728, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 870% over the past three years.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$680, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 758% over the past three years.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$547, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 578% over the past three years.
Upcoming Dividend • Jun 10Upcoming dividend of NT$15.00 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 10 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$476, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 473% over the past three years.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$1.64 (vs NT$4.93 in 1Q 2024)First quarter 2025 results: EPS: NT$1.64 (down from NT$4.93 in 1Q 2024). Revenue: NT$430.2m (down 38% from 1Q 2024). Net income: NT$45.8m (down 67% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$395, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 388% over the past three years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$349, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 299% over the past three years.
New Risk • Mar 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 116% Dividend yield: 3.1% 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: 103% Cash payout ratio: 116% Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$14.62 (vs NT$3.57 in FY 2023)Full year 2024 results: EPS: NT$14.62 (up from NT$3.57 in FY 2023). Revenue: NT$2.44b (up 106% from FY 2023). Net income: NT$412.8m (up 309% from FY 2023). Profit margin: 17% (up from 8.5% 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 14% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Feb 22Dividend increased to NT$15.00Dividend of NT$15.00 is 200% higher than last year. Ex-date: 17th June 2025 Payment date: 10th July 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 21+ 1 more updateGallant Micro. Machining Co., LTD., Annual General Meeting, May 28, 2025Gallant Micro. Machining Co., LTD., Annual General Meeting, May 28, 2025. Location: 4 floor no,265, tung i kuang ming 6th rd., jhubei city, hsinchu county Taiwan
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$2.03 (up from NT$0.11 in 3Q 2023). Revenue: NT$474.0m (up 99% from 3Q 2023). Net income: NT$57.4m (up NT$54.3m from 3Q 2023). Profit margin: 12% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 126%. Earnings per share (EPS) also surpassed analyst estimates. 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 105% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$730, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 840% over the past three years.
Buy Or Sell Opportunity • Aug 20Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 109% to NT$879. The fair value is estimated to be NT$731, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to grow by 3.4% in a year. Earnings are forecast to grow by 30% in the next year.
Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: NT$2.27 (vs NT$1.05 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.27 (up from NT$1.05 in 2Q 2023). Revenue: NT$423.1m (up 87% from 2Q 2023). Net income: NT$64.3m (up 117% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jul 29Now 22% undervaluedOver the last 90 days, the stock has risen 94% to NT$795. The fair value is estimated to be NT$1,020, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 44% in the next year.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$611, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 420% over the past three years.
Upcoming Dividend • Jun 18Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 25 June 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$488, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 474% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$4.93 (up from NT$0.48 in 1Q 2023). Revenue: NT$695.3m (up 171% from 1Q 2023). Net income: NT$139.4m (up NT$125.7m from 1Q 2023). Profit margin: 20% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 04Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 24, 2024Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 24, 2024.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$283, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 350% over the past three years.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$3.57 (vs NT$8.33 in FY 2022)Full year 2023 results: EPS: NT$3.57 (down from NT$8.33 in FY 2022). Revenue: NT$1.19b (down 20% from FY 2022). Net income: NT$100.9m (down 56% from FY 2022). Profit margin: 8.5% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jan 23New 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 5.4% 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 earnings (321% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$101, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 165% over the past three years.
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.9% Last year net profit margin: 15% 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: 102% Cash payout ratio: 304% Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$3.40 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (down from NT$3.40 in 2Q 2022). Revenue: NT$226.8m (down 47% from 2Q 2022). Net income: NT$29.7m (down 68% from 2Q 2022). Profit margin: 13% (down from 22% 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 37% per year whereas the company’s share price has increased by 40% per year.
New Risk • Jul 28New 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 6.2% 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 (25% 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 (6.2% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$116, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 213% over the past three years.
Upcoming Dividend • Jun 19Upcoming dividend of NT$6.00 per share at 6.4% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%).
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$1.60 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (up from NT$1.60 in 3Q 2021). Revenue: NT$339.1m (down 11% from 3Q 2021). Net income: NT$52.1m (up 21% from 3Q 2021). Profit margin: 15% (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 25% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 10Second quarter 2022 earnings released: EPS: NT$3.39 (vs NT$2.88 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.39 (up from NT$2.88 in 2Q 2021). Revenue: NT$427.8m (down 7.3% from 2Q 2021). Net income: NT$92.1m (up 17% from 2Q 2021). Profit margin: 22% (up from 17% 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 36% per year whereas the company’s share price has increased by 32% per year.
Upcoming Dividend • Jul 14Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.9%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.92 (vs NT$0.22 in 1Q 2021)First quarter 2022 results: EPS: NT$2.92 (up from NT$0.22 in 1Q 2021). Revenue: NT$394.3m (up 58% from 1Q 2021). Net income: NT$79.2m (up NT$73.0m from 1Q 2021). Profit margin: 20% (up from 2.5% 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 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$112, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 268% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.60 (vs NT$1.02 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$380.6m (up 39% from 3Q 2020). Net income: NT$43.2m (up 51% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$105, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$2.88 (vs NT$0.73 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$461.5m (up 152% from 2Q 2020). Net income: NT$78.9m (up 282% from 2Q 2020). Profit margin: 17% (up from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 30 July 2021. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.2%).
分析記事 • Apr 01Gallant Micro. Machining (GTSM:6640) Will Will Want To Turn Around Its Return TrendsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
お知らせ • Mar 17Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 25, 2021Gallant Micro. Machining Co., LTD., Annual General Meeting, Jun 25, 2021.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$1.57 (vs NT$3.02 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$877.3m (up 16% from FY 2019). Net income: NT$44.5m (down 48% from FY 2019). Profit margin: 5.1% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • Mar 11Gallant Micro. Machining Co., LTD. (GTSM:6640) Investors Should Think About This Before Buying It For Its DividendDividend paying stocks like Gallant Micro. Machining Co., LTD. ( GTSM:6640 ) tend to be popular with investors, and for...
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$68.50, the stock is trading at a trailing P/E ratio of 35.6x, down from the previous P/E ratio of 42x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 52%.
Is New 90 Day High Low • Mar 03New 90-day high: NT$80.80The company is up 78% from its price of NT$45.30 on 03 December 2020. The Taiwanese market is up 13% 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 • Feb 16Is Gallant Micro. Machining (GTSM:6640) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Jan 29Gallant Micro. Machining Co., LTD.'s (GTSM:6640) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Most readers would already be aware that Gallant Micro. Machining's (GTSM:6640) stock increased significantly by 57...
分析記事 • Jan 13Did You Miss Gallant Micro. Machining's (GTSM:6640) 69% Share Price Gain?If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly...
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$71.30, the stock is trading at a trailing P/E ratio of 37x, up from the previous P/E ratio of 30.8x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 71%.
Is New 90 Day High Low • Jan 04New 90-day high: NT$64.90The company is up 48% from its price of NT$44.00 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period.
分析記事 • Dec 30Has Gallant Micro. Machining (GTSM:6640) Got What It Takes To Become A Multi-Bagger?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$60.00, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 47%.
Is New 90 Day High Low • Dec 16New 90-day high: NT$48.85The company is up 11% from its price of NT$44.05 on 18 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 13% over the same period.
分析記事 • Dec 09Should You Use Gallant Micro. Machining's (GTSM:6640) Statutory Earnings To Analyse It?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
分析記事 • Nov 17Does Gallant Micro. Machining (GTSM:6640) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS NT$1.01The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$273.5m (up 17% from 3Q 2019). Net income: NT$28.7m (down 24% from 3Q 2019). Profit margin: 11% (down from 16% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.
Is New 90 Day High Low • Oct 15New 90-day high: NT$48.40The company is up 6.0% from its price of NT$45.45 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 21% over the same period.