View Financial HealthCystech Electronics 配当と自社株買い配当金 基準チェック /36Cystech Electronics配当を支払う会社であり、現在の利回りは2.91%で、収益によって十分にカバーされています。主要情報2.9%配当利回り0%バイバック利回り総株主利回り2.9%将来の配当利回りn/a配当成長22.3%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向62%最近の配当と自社株買いの更新Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 28 April 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.4%).Declared Dividend • Feb 28Dividend reduced to NT$4.00Dividend of NT$4.00 is 43% lower than last year. Ex-date: 27th March 2026 Payment date: 28th April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 14% EPS growth achieved over the last 5 years.お知らせ • Feb 27Cystech Electronics Corp. announces Annual dividend, payable on April 28, 2026Cystech Electronics Corp. announced Annual dividend of TWD 4.0000 per share payable on April 28, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.Upcoming Dividend • Mar 20Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 25 April 2025. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).お知らせ • Feb 27+ 1 more updateCystech Electronics Corp. announces Annual dividend, payable on April 25, 2025Cystech Electronics Corp. announced Annual dividend of TWD 7.0000 per share payable on April 25, 2025, ex-date on March 27, 2025 and record date on March 29, 2025.Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).すべての更新を表示Recent updatesNew Risk • May 13New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.01 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$396.3m (up 2.4% from 1Q 2025). Net income: NT$85.4m (up 23% from 1Q 2025). Profit margin: 22% (up from 18% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$134, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 113% over the past three years.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$112, the stock trades at a trailing P/E ratio of 17.7x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 73% over the past three years.Buy Or Sell Opportunity • Apr 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to NT$112. The fair value is estimated to be NT$92.29, 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 declined by 4.3%.Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 28 April 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.4%).Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$6.32 (vs NT$8.22 in FY 2024)Full year 2025 results: EPS: NT$6.32 (down from NT$8.22 in FY 2024). Revenue: NT$1.50b (up 3.9% from FY 2024). Net income: NT$218.4m (down 23% from FY 2024). Profit margin: 14% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. 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 8% per year, which means it is well ahead of earnings.New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.18b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 93% Minor Risk Market cap is less than US$100m (NT$3.18b market cap, or US$99.8m).Declared Dividend • Feb 28Dividend reduced to NT$4.00Dividend of NT$4.00 is 43% lower than last year. Ex-date: 27th March 2026 Payment date: 28th April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 14% EPS growth achieved over the last 5 years.お知らせ • Feb 27Cystech Electronics Corp. announces Annual dividend, payable on April 28, 2026Cystech Electronics Corp. announced Annual dividend of TWD 4.0000 per share payable on April 28, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.お知らせ • Feb 26Cystech Electronics Corp., Annual General Meeting, May 29, 2026Cystech Electronics Corp., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: b2 floor building. l no,716, chung cheng rd., jhonghe district, new taipei city TaiwanValuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$99.50, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 64% over the past three years.Buy Or Sell Opportunity • Feb 02Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$94.30. The fair value is estimated to be NT$77.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 6.3%.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.88 (vs NT$1.99 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.88 (down from NT$1.99 in 3Q 2024). Revenue: NT$357.3m (down 14% from 3Q 2024). Net income: NT$65.2m (down 5.1% from 3Q 2024). Profit margin: 18% (up from 17% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 15Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to NT$70.00. The fair value is estimated to be NT$58.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 8.3%.Buy Or Sell Opportunity • Sep 18Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to NT$71.20. The fair value is estimated to be NT$59.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 8.3%.Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: NT$0.45 (vs NT$2.11 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.45 (down from NT$2.11 in 2Q 2024). Revenue: NT$412.7m (up 22% from 2Q 2024). Net income: NT$15.7m (down 79% from 2Q 2024). Profit margin: 3.8% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 12First quarter 2025 earnings released: EPS: NT$2.01 (vs NT$1.92 in 1Q 2024)First quarter 2025 results: EPS: NT$2.01 (up from NT$1.92 in 1Q 2024). Revenue: NT$386.9m (up 29% from 1Q 2024). Net income: NT$69.4m (up 5.4% from 1Q 2024). Profit margin: 18% (down from 22% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.New Risk • Apr 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (NT$2.64b market cap, or US$80.5m).Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$90.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 25% over the past three years.New Risk • Mar 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.24b market cap, or US$97.6m).Upcoming Dividend • Mar 20Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 25 April 2025. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$8.22 (vs NT$5.48 in FY 2023)Full year 2024 results: EPS: NT$8.22 (up from NT$5.48 in FY 2023). Revenue: NT$1.45b (up 7.5% from FY 2023). Net income: NT$283.4m (up 50% from FY 2023). Profit margin: 20% (up from 14% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 27+ 1 more updateCystech Electronics Corp. announces Annual dividend, payable on April 25, 2025Cystech Electronics Corp. announced Annual dividend of TWD 7.0000 per share payable on April 25, 2025, ex-date on March 27, 2025 and record date on March 29, 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.99 (vs NT$2.07 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.99 (down from NT$2.07 in 3Q 2023). Revenue: NT$416.2m (up 25% from 3Q 2023). Net income: NT$68.7m (down 3.4% from 3Q 2023). Profit margin: 17% (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 fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.New Risk • Oct 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (NT$3.19b market cap, or US$99.3m).New Risk • Sep 12New 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 7.4% 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 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 (7.4% average weekly change).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.11 (vs NT$2.04 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.11 (up from NT$2.04 in 2Q 2023). Revenue: NT$338.3m (down 3.6% from 2Q 2023). Net income: NT$72.7m (up 3.7% from 2Q 2023). Profit margin: 22% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.92 (vs NT$1.27 in 1Q 2023)First quarter 2024 results: EPS: NT$1.92 (up from NT$1.27 in 1Q 2023). Revenue: NT$301.0m (down 9.9% from 1Q 2023). Net income: NT$65.9m (up 51% from 1Q 2023). Profit margin: 22% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$5.48 (vs NT$8.91 in FY 2022)Full year 2023 results: EPS: NT$5.48 (down from NT$8.91 in FY 2022). Revenue: NT$1.34b (down 21% from FY 2022). Net income: NT$188.4m (down 38% from FY 2022). Profit margin: 14% (down from 18% 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 9% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Mar 14Cystech Electronics Corp., Annual General Meeting, May 30, 2024Cystech Electronics Corp., Annual General Meeting, May 30, 2024.Buy Or Sell Opportunity • Mar 05Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$87.00. The fair value is estimated to be NT$71.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 20%.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$2.04 (vs NT$2.89 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.04 (down from NT$2.89 in 2Q 2022). Revenue: NT$351.0m (down 24% from 2Q 2022). Net income: NT$70.1m (down 30% from 2Q 2022). Profit margin: 20% (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 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 18Upcoming dividend of NT$6.00 per share at 7.5% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$8.91 (vs NT$7.40 in FY 2021)Full year 2022 results: EPS: NT$8.91 (up from NT$7.40 in FY 2021). Revenue: NT$1.70b (up 4.3% from FY 2021). Net income: NT$305.5m (up 21% from FY 2021). Profit margin: 18% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 39% per year.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$2.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (down from NT$2.08 in 3Q 2021). Revenue: NT$406.9m (down 6.7% from 3Q 2021). Net income: NT$65.0m (down 9.7% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$2.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (down from NT$2.08 in 3Q 2021). Revenue: NT$406.9m (down 6.7% from 3Q 2021). Net income: NT$65.0m (down 9.7% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$65.30, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 67% over the past three years.Upcoming Dividend • Aug 16Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 23 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.5%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.51 (vs NT$1.81 in 1Q 2021)First quarter 2022 results: EPS: NT$2.51 (up from NT$1.81 in 1Q 2021). Revenue: NT$418.8m (up 15% from 1Q 2021). Net income: NT$82.9m (up 46% from 1Q 2021). Profit margin: 20% (up from 16% 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 48% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 29Cystech Electronics Corp., Annual General Meeting, Jun 17, 2022Cystech Electronics Corp., Annual General Meeting, Jun 17, 2022.Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$7.77 (vs NT$4.17 in FY 2020)Full year 2021 results: EPS: NT$7.77 (up from NT$4.17 in FY 2020). Revenue: NT$1.63b (up 36% from FY 2020). Net income: NT$253.0m (up 112% from FY 2020). Profit margin: 16% (up from 10.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.18 (vs NT$1.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$436.2m (up 36% from 3Q 2020). Net income: NT$71.9m (up 124% from 3Q 2020). Profit margin: 17% (up from 10.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$1.92 (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$381.1m (up 42% from 2Q 2020). Net income: NT$63.1m (up 296% from 2Q 2020). Profit margin: 17% (up from 6.0% 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 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 03Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 31 August 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$148, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 173% over the past three years.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$118, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.81 (vs NT$0.78 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$365.4m (up 38% from 1Q 2020). Net income: NT$56.8m (up 155% from 1Q 2020). Profit margin: 16% (up from 8.4% 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 13% 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 • May 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$85.60, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 91% over the past three years.Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$4.17 (vs NT$3.26 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$1.19b (up 18% from FY 2019). Net income: NT$119.3m (up 28% from FY 2019). Profit margin: 10.0% (in line with FY 2019). 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 57% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 24Cystech Electronics (GTSM:6651) Could Become A Multi-BaggerDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$158, the stock is trading at a trailing P/E ratio of 43.5x, up from the previous P/E ratio of 36x. 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 378%.分析記事 • Mar 04Are Strong Financial Prospects The Force That Is Driving The Momentum In Cystech Electronics Corp.'s GTSM:6651) Stock?Cystech Electronics' (GTSM:6651) stock is up by a considerable 96% over the past three months. Given that the market...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$105, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 24x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 236%.Is New 90 Day High Low • Feb 18New 90-day high: NT$95.70The company is up 38% from its price of NT$69.10 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 35% over the same period.分析記事 • Feb 10Is There More To The Story Than Cystech Electronics' (GTSM:6651) Earnings Growth?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$87.50, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.1x. 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 205%.Is New 90 Day High Low • Feb 03New 90-day high: NT$76.50The company is up 8.0% from its price of NT$70.60 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period.分析記事 • Jan 20The Case For Cystech Electronics Corp. (GTSM:6651): Could It Be A Nice Addition To Your Dividend Portfolio?Today we'll take a closer look at Cystech Electronics Corp. ( GTSM:6651 ) from a dividend investor's perspective...Is New 90 Day High Low • Jan 14New 90-day high: NT$73.20The company is up 4.0% from its price of NT$70.20 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period.分析記事 • Dec 31Cystech Electronics (GTSM:6651) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Dec 28New 90-day high: NT$73.00The company is up 5.0% from its price of NT$69.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.分析記事 • Dec 14The Trend Of High Returns At Cystech Electronics (GTSM:6651) Has Us Very InterestedIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...分析記事 • Nov 24Shareholders Are Thrilled That The Cystech Electronics (GTSM:6651) Share Price Increased 138%The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.12The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$319.7m (up 20% from 3Q 2019). Net income: NT$32.1m (up 26% from 3Q 2019). Profit margin: 10.0% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Sep 18New 90-day high: NT$72.10The company is up 24% from its price of NT$58.00 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 31% over the same period.決済の安定と成長配当データの取得安定した配当: 6651は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 6651の配当金は増加していますが、同社は8年間しか配当金を支払っていません。配当利回り対市場Cystech Electronics 配当利回り対市場6651 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (6651)2.9%市場下位25% (TW)1.4%市場トップ25% (TW)5.0%業界平均 (Semiconductor)1.1%アナリスト予想 (6651) (最長3年)n/a注目すべき配当: 6651の配当金 ( 2.91% ) はTW市場の配当金支払者の下位 25% ( 1.42% ) よりも高くなっています。高配当: 6651の配当金 ( 2.91% ) はTW市場の配当金支払者の上位 25% ( 5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 6651の配当金は、合理的な 配当性向 ( 62.4% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 6651は合理的な 現金配当性向 ( 58.9% ) を備えているため、配当金の支払いはキャッシュフローによって賄われます。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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 02:05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Cystech Electronics Corp. 1 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
Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 28 April 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.4%).
Declared Dividend • Feb 28Dividend reduced to NT$4.00Dividend of NT$4.00 is 43% lower than last year. Ex-date: 27th March 2026 Payment date: 28th April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 14% EPS growth achieved over the last 5 years.
お知らせ • Feb 27Cystech Electronics Corp. announces Annual dividend, payable on April 28, 2026Cystech Electronics Corp. announced Annual dividend of TWD 4.0000 per share payable on April 28, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.
Upcoming Dividend • Mar 20Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 25 April 2025. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).
お知らせ • Feb 27+ 1 more updateCystech Electronics Corp. announces Annual dividend, payable on April 25, 2025Cystech Electronics Corp. announced Annual dividend of TWD 7.0000 per share payable on April 25, 2025, ex-date on March 27, 2025 and record date on March 29, 2025.
Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).
New Risk • May 13New major risk - Revenue and earnings growthEarnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.01 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00. Revenue: NT$396.3m (up 2.4% from 1Q 2025). Net income: NT$85.4m (up 23% from 1Q 2025). Profit margin: 22% (up from 18% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in Taiwan.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$134, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 113% over the past three years.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$112, the stock trades at a trailing P/E ratio of 17.7x. Average forward P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 73% over the past three years.
Buy Or Sell Opportunity • Apr 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to NT$112. The fair value is estimated to be NT$92.29, 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 declined by 4.3%.
Upcoming Dividend • Mar 20Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 28 April 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$6.32 (vs NT$8.22 in FY 2024)Full year 2025 results: EPS: NT$6.32 (down from NT$8.22 in FY 2024). Revenue: NT$1.50b (up 3.9% from FY 2024). Net income: NT$218.4m (down 23% from FY 2024). Profit margin: 14% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Semiconductor industry in Taiwan. 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 8% per year, which means it is well ahead of earnings.
New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.18b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 93% Minor Risk Market cap is less than US$100m (NT$3.18b market cap, or US$99.8m).
Declared Dividend • Feb 28Dividend reduced to NT$4.00Dividend of NT$4.00 is 43% lower than last year. Ex-date: 27th March 2026 Payment date: 28th April 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 14% EPS growth achieved over the last 5 years.
お知らせ • Feb 27Cystech Electronics Corp. announces Annual dividend, payable on April 28, 2026Cystech Electronics Corp. announced Annual dividend of TWD 4.0000 per share payable on April 28, 2026, ex-date on March 27, 2026 and record date on March 30, 2026.
お知らせ • Feb 26Cystech Electronics Corp., Annual General Meeting, May 29, 2026Cystech Electronics Corp., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: b2 floor building. l no,716, chung cheng rd., jhonghe district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$99.50, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total returns to shareholders of 64% over the past three years.
Buy Or Sell Opportunity • Feb 02Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$94.30. The fair value is estimated to be NT$77.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 6.3%.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.88 (vs NT$1.99 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.88 (down from NT$1.99 in 3Q 2024). Revenue: NT$357.3m (down 14% from 3Q 2024). Net income: NT$65.2m (down 5.1% from 3Q 2024). Profit margin: 18% (up from 17% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 15Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to NT$70.00. The fair value is estimated to be NT$58.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 8.3%.
Buy Or Sell Opportunity • Sep 18Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to NT$71.20. The fair value is estimated to be NT$59.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 8.3%.
Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: NT$0.45 (vs NT$2.11 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.45 (down from NT$2.11 in 2Q 2024). Revenue: NT$412.7m (up 22% from 2Q 2024). Net income: NT$15.7m (down 79% from 2Q 2024). Profit margin: 3.8% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 12First quarter 2025 earnings released: EPS: NT$2.01 (vs NT$1.92 in 1Q 2024)First quarter 2025 results: EPS: NT$2.01 (up from NT$1.92 in 1Q 2024). Revenue: NT$386.9m (up 29% from 1Q 2024). Net income: NT$69.4m (up 5.4% from 1Q 2024). Profit margin: 18% (down from 22% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
New Risk • Apr 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (NT$2.64b market cap, or US$80.5m).
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$90.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 25% over the past three years.
New Risk • Mar 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.24b market cap, or US$97.6m).
Upcoming Dividend • Mar 20Upcoming dividend of NT$7.00 per shareEligible shareholders must have bought the stock before 27 March 2025. Payment date: 25 April 2025. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: NT$8.22 (vs NT$5.48 in FY 2023)Full year 2024 results: EPS: NT$8.22 (up from NT$5.48 in FY 2023). Revenue: NT$1.45b (up 7.5% from FY 2023). Net income: NT$283.4m (up 50% from FY 2023). Profit margin: 20% (up from 14% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 27+ 1 more updateCystech Electronics Corp. announces Annual dividend, payable on April 25, 2025Cystech Electronics Corp. announced Annual dividend of TWD 7.0000 per share payable on April 25, 2025, ex-date on March 27, 2025 and record date on March 29, 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.99 (vs NT$2.07 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.99 (down from NT$2.07 in 3Q 2023). Revenue: NT$416.2m (up 25% from 3Q 2023). Net income: NT$68.7m (down 3.4% from 3Q 2023). Profit margin: 17% (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 fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
New Risk • Oct 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (NT$3.19b market cap, or US$99.3m).
New Risk • Sep 12New 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 7.4% 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 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 (7.4% average weekly change).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.11 (vs NT$2.04 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.11 (up from NT$2.04 in 2Q 2023). Revenue: NT$338.3m (down 3.6% from 2Q 2023). Net income: NT$72.7m (up 3.7% from 2Q 2023). Profit margin: 22% (up from 20% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.1%).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.92 (vs NT$1.27 in 1Q 2023)First quarter 2024 results: EPS: NT$1.92 (up from NT$1.27 in 1Q 2023). Revenue: NT$301.0m (down 9.9% from 1Q 2023). Net income: NT$65.9m (up 51% from 1Q 2023). Profit margin: 22% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$5.48 (vs NT$8.91 in FY 2022)Full year 2023 results: EPS: NT$5.48 (down from NT$8.91 in FY 2022). Revenue: NT$1.34b (down 21% from FY 2022). Net income: NT$188.4m (down 38% from FY 2022). Profit margin: 14% (down from 18% 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 9% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Mar 14Cystech Electronics Corp., Annual General Meeting, May 30, 2024Cystech Electronics Corp., Annual General Meeting, May 30, 2024.
Buy Or Sell Opportunity • Mar 05Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$87.00. The fair value is estimated to be NT$71.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 20%.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$2.04 (vs NT$2.89 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.04 (down from NT$2.89 in 2Q 2022). Revenue: NT$351.0m (down 24% from 2Q 2022). Net income: NT$70.1m (down 30% from 2Q 2022). Profit margin: 20% (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 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 18Upcoming dividend of NT$6.00 per share at 7.5% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.1%).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$8.91 (vs NT$7.40 in FY 2021)Full year 2022 results: EPS: NT$8.91 (up from NT$7.40 in FY 2021). Revenue: NT$1.70b (up 4.3% from FY 2021). Net income: NT$305.5m (up 21% from FY 2021). Profit margin: 18% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 39% per year.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$2.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (down from NT$2.08 in 3Q 2021). Revenue: NT$406.9m (down 6.7% from 3Q 2021). Net income: NT$65.0m (down 9.7% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.88 (vs NT$2.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.88 (down from NT$2.08 in 3Q 2021). Revenue: NT$406.9m (down 6.7% from 3Q 2021). Net income: NT$65.0m (down 9.7% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$65.30, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 67% over the past three years.
Upcoming Dividend • Aug 16Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 23 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (3.5%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.51 (vs NT$1.81 in 1Q 2021)First quarter 2022 results: EPS: NT$2.51 (up from NT$1.81 in 1Q 2021). Revenue: NT$418.8m (up 15% from 1Q 2021). Net income: NT$82.9m (up 46% from 1Q 2021). Profit margin: 20% (up from 16% 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 48% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 29Cystech Electronics Corp., Annual General Meeting, Jun 17, 2022Cystech Electronics Corp., Annual General Meeting, Jun 17, 2022.
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$7.77 (vs NT$4.17 in FY 2020)Full year 2021 results: EPS: NT$7.77 (up from NT$4.17 in FY 2020). Revenue: NT$1.63b (up 36% from FY 2020). Net income: NT$253.0m (up 112% from FY 2020). Profit margin: 16% (up from 10.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.18 (vs NT$1.12 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$436.2m (up 36% from 3Q 2020). Net income: NT$71.9m (up 124% from 3Q 2020). Profit margin: 17% (up from 10.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$1.92 (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$381.1m (up 42% from 2Q 2020). Net income: NT$63.1m (up 296% from 2Q 2020). Profit margin: 17% (up from 6.0% 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 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 03Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 31 August 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$148, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 173% over the past three years.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$118, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 122% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.81 (vs NT$0.78 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$365.4m (up 38% from 1Q 2020). Net income: NT$56.8m (up 155% from 1Q 2020). Profit margin: 16% (up from 8.4% 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 13% 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 • May 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$85.60, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 91% over the past three years.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$4.17 (vs NT$3.26 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$1.19b (up 18% from FY 2019). Net income: NT$119.3m (up 28% from FY 2019). Profit margin: 10.0% (in line with FY 2019). 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 57% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 24Cystech Electronics (GTSM:6651) Could Become A Multi-BaggerDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$158, the stock is trading at a trailing P/E ratio of 43.5x, up from the previous P/E ratio of 36x. 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 378%.
分析記事 • Mar 04Are Strong Financial Prospects The Force That Is Driving The Momentum In Cystech Electronics Corp.'s GTSM:6651) Stock?Cystech Electronics' (GTSM:6651) stock is up by a considerable 96% over the past three months. Given that the market...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$105, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 24x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 236%.
Is New 90 Day High Low • Feb 18New 90-day high: NT$95.70The company is up 38% from its price of NT$69.10 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 35% over the same period.
分析記事 • Feb 10Is There More To The Story Than Cystech Electronics' (GTSM:6651) Earnings Growth?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$87.50, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.1x. 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 205%.
Is New 90 Day High Low • Feb 03New 90-day high: NT$76.50The company is up 8.0% from its price of NT$70.60 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period.
分析記事 • Jan 20The Case For Cystech Electronics Corp. (GTSM:6651): Could It Be A Nice Addition To Your Dividend Portfolio?Today we'll take a closer look at Cystech Electronics Corp. ( GTSM:6651 ) from a dividend investor's perspective...
Is New 90 Day High Low • Jan 14New 90-day high: NT$73.20The company is up 4.0% from its price of NT$70.20 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period.
分析記事 • Dec 31Cystech Electronics (GTSM:6651) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Dec 28New 90-day high: NT$73.00The company is up 5.0% from its price of NT$69.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 22% over the same period.
分析記事 • Dec 14The Trend Of High Returns At Cystech Electronics (GTSM:6651) Has Us Very InterestedIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
分析記事 • Nov 24Shareholders Are Thrilled That The Cystech Electronics (GTSM:6651) Share Price Increased 138%The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.12The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$319.7m (up 20% from 3Q 2019). Net income: NT$32.1m (up 26% from 3Q 2019). Profit margin: 10.0% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Sep 18New 90-day high: NT$72.10The company is up 24% from its price of NT$58.00 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 31% over the same period.