View Financial HealthForcelead Technology 配当と自社株買い配当金 基準チェック /36Forcelead Technologyは配当を支払う会社で、現在の利回りは5.22%ですが、利益によって十分にカバーされています。次の支払い日は 29th May, 2026で、権利落ち日は23rd April, 2026 。主要情報5.2%配当利回り-10.2%バイバック利回り総株主利回り-5.0%将来の配当利回りn/a配当成長-7.7%次回配当支払日29 May 26配当落ち日23 Apr 26一株当たり配当金n/a配当性向82%最近の配当と自社株買いの更新Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.40 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.40 in 1Q 2025). Revenue: NT$720.1m (up 15% from 1Q 2025). Net income: NT$136.2m (up 37% from 1Q 2025). Profit margin: 19% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue.New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$168. The fair value is estimated to be NT$133, 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 5.0%.Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$12.15 (vs NT$15.38 in FY 2024)Full year 2025 results: EPS: NT$12.15 (down from NT$15.38 in FY 2024). Revenue: NT$2.69b (down 9.4% from FY 2024). Net income: NT$506.0m (down 14% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue.お知らせ • Mar 05+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 24, 2026Forcelead Technology Corp., Annual General Meeting, Jun 24, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county TaiwanBuy Or Sell Opportunity • Dec 26Now 20% overvaluedOver the last 90 days, the stock has fallen 1.0% to NT$147. The fair value is estimated to be NT$122, 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 4.7%.Buy Or Sell Opportunity • Dec 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$148. The fair value is estimated to be NT$123, 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 4.7%.Buy Or Sell Opportunity • Nov 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to NT$148. The fair value is estimated to be NT$122, 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 4.7%.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$2.92 (vs NT$4.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.92 (down from NT$4.34 in 3Q 2024). Revenue: NT$658.5m (down 16% from 3Q 2024). Net income: NT$121.5m (down 26% from 3Q 2024). Profit margin: 19% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue.Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 14% to NT$145. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 19%.Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$2.40 (vs NT$3.58 in 1Q 2024)First quarter 2025 results: EPS: NT$2.40 (down from NT$3.58 in 1Q 2024). Revenue: NT$624.3m (down 8.5% from 1Q 2024). Net income: NT$99.8m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a trailing P/E ratio of 11x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 42% over the past year.Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$15.37 (vs NT$11.75 in FY 2023)Full year 2024 results: EPS: NT$15.37 (up from NT$11.75 in FY 2023). Revenue: NT$2.97b (up 12% from FY 2023). Net income: NT$588.6m (up 35% from FY 2023). Profit margin: 20% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 06+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 26, 2025Forcelead Technology Corp., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county TaiwanReported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$4.34 (vs NT$3.36 in 3Q 2023)Third quarter 2024 results: EPS: NT$4.34 (up from NT$3.36 in 3Q 2023). Revenue: NT$784.2m (up 11% from 3Q 2023). Net income: NT$165.0m (up 29% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$4.56 (vs NT$2.60 in 2Q 2023)Second quarter 2024 results: EPS: NT$4.56 (up from NT$2.60 in 2Q 2023). Revenue: NT$778.7m (up 21% from 2Q 2023). Net income: NT$173.5m (up 77% from 2Q 2023). Profit margin: 22% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.New Risk • Jun 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (47% accrual ratio). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: NT$3.58 (vs NT$2.43 in 1Q 2023)First quarter 2024 results: EPS: NT$3.58 (up from NT$2.43 in 1Q 2023). Revenue: NT$682.5m (up 13% from 1Q 2023). Net income: NT$136.0m (up 63% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue.お知らせ • Apr 12Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024.New Risk • Mar 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Revenue has declined by 5.4% over the past year. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$11.74 (vs NT$18.20 in FY 2022)Full year 2023 results: EPS: NT$11.74 (down from NT$18.20 in FY 2022). Revenue: NT$2.66b (down 5.4% from FY 2022). Net income: NT$436.9m (down 24% from FY 2022). Profit margin: 16% (down from 21% in FY 2022).Buy Or Sell Opportunity • Feb 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$299. The fair value is estimated to be NT$385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.Buying Opportunity • Jan 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.決済の安定と成長配当データの取得安定した配当: 6996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: 6996は2年間のみ配当金を支払っており、それ以降は支払額が減少しています。配当利回り対市場Forcelead Technology 配当利回り対市場6996 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 (6996)5.2%市場下位25% (TW)1.4%市場トップ25% (TW)5.0%業界平均 (Semiconductor)1.0%アナリスト予想 (6996) (最長3年)n/a注目すべき配当: 6996の配当金 ( 5.22% ) はTW市場の配当金支払者の下位 25% ( 1.38% ) よりも高くなっています。高配当: 6996の配当金 ( 5.22% ) はTW市場 ( 4.97% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 現在の配当性向（ 82.3% ）では、 6996の支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: 6996は高い 現金配当性向 ( 100.5% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。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2026/05/27 16:30終値2026/05/27 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Forcelead Technology Corp. 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Liyen ChenCapital Securities Corporation
Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).
Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.
Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).
Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.40 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.40 in 1Q 2025). Revenue: NT$720.1m (up 15% from 1Q 2025). Net income: NT$136.2m (up 37% from 1Q 2025). Profit margin: 19% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue.
New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).
Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).
Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.
Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$168. The fair value is estimated to be NT$133, 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 5.0%.
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$12.15 (vs NT$15.38 in FY 2024)Full year 2025 results: EPS: NT$12.15 (down from NT$15.38 in FY 2024). Revenue: NT$2.69b (down 9.4% from FY 2024). Net income: NT$506.0m (down 14% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue.
お知らせ • Mar 05+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 24, 2026Forcelead Technology Corp., Annual General Meeting, Jun 24, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan
Buy Or Sell Opportunity • Dec 26Now 20% overvaluedOver the last 90 days, the stock has fallen 1.0% to NT$147. The fair value is estimated to be NT$122, 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 4.7%.
Buy Or Sell Opportunity • Dec 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$148. The fair value is estimated to be NT$123, 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 4.7%.
Buy Or Sell Opportunity • Nov 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to NT$148. The fair value is estimated to be NT$122, 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 4.7%.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$2.92 (vs NT$4.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.92 (down from NT$4.34 in 3Q 2024). Revenue: NT$658.5m (down 16% from 3Q 2024). Net income: NT$121.5m (down 26% from 3Q 2024). Profit margin: 19% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue.
Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 14% to NT$145. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 19%.
Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$2.40 (vs NT$3.58 in 1Q 2024)First quarter 2025 results: EPS: NT$2.40 (down from NT$3.58 in 1Q 2024). Revenue: NT$624.3m (down 8.5% from 1Q 2024). Net income: NT$99.8m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.
Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a trailing P/E ratio of 11x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 42% over the past year.
Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$15.37 (vs NT$11.75 in FY 2023)Full year 2024 results: EPS: NT$15.37 (up from NT$11.75 in FY 2023). Revenue: NT$2.97b (up 12% from FY 2023). Net income: NT$588.6m (up 35% from FY 2023). Profit margin: 20% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.
Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 06+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 26, 2025Forcelead Technology Corp., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$4.34 (vs NT$3.36 in 3Q 2023)Third quarter 2024 results: EPS: NT$4.34 (up from NT$3.36 in 3Q 2023). Revenue: NT$784.2m (up 11% from 3Q 2023). Net income: NT$165.0m (up 29% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$4.56 (vs NT$2.60 in 2Q 2023)Second quarter 2024 results: EPS: NT$4.56 (up from NT$2.60 in 2Q 2023). Revenue: NT$778.7m (up 21% from 2Q 2023). Net income: NT$173.5m (up 77% from 2Q 2023). Profit margin: 22% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.
New Risk • Jun 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (47% accrual ratio). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: NT$3.58 (vs NT$2.43 in 1Q 2023)First quarter 2024 results: EPS: NT$3.58 (up from NT$2.43 in 1Q 2023). Revenue: NT$682.5m (up 13% from 1Q 2023). Net income: NT$136.0m (up 63% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue.
お知らせ • Apr 12Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024.
New Risk • Mar 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Revenue has declined by 5.4% over the past year. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$11.74 (vs NT$18.20 in FY 2022)Full year 2023 results: EPS: NT$11.74 (down from NT$18.20 in FY 2022). Revenue: NT$2.66b (down 5.4% from FY 2022). Net income: NT$436.9m (down 24% from FY 2022). Profit margin: 16% (down from 21% in FY 2022).
Buy Or Sell Opportunity • Feb 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$299. The fair value is estimated to be NT$385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.
Buying Opportunity • Jan 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.