View Future GrowthForcelead Technology 過去の業績過去 基準チェック /26Forcelead Technologyの収益は年間平均-11.2%の割合で減少していますが、 Semiconductor業界の収益は年間 減少しています。収益は年間5.2% 0.9%割合で 増加しています。 Forcelead Technologyの自己資本利益率は21.9%であり、純利益率は19.5%です。主要情報-11.16%収益成長率-18.01%EPS成長率Semiconductor 業界の成長19.89%収益成長率0.95%株主資本利益率21.94%ネット・マージン19.47%前回の決算情報31 Mar 2026最近の業績更新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.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.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.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.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.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.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%.収支内訳Forcelead Technology の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:6996 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 262,78654215941631 Dec 252,69050615240930 Sep 252,62343616441430 Jun 252,74948016740331 Mar 252,91155216840031 Dec 242,96958916439030 Sep 242,95859714436830 Jun 242,86956513936331 Mar 242,73448913434731 Dec 232,65743713033330 Sep 232,65140412631730 Jun 232,66136212229631 Mar 232,71646212231231 Dec 222,80957712633331 Dec 213,5331,11915450431 Dec 201,44614459268質の高い収益: 6996 非現金収入 のレベルが高いです。利益率の向上: 6996の現在の純利益率 (19.5%)は、昨年(19%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6996の収益は過去 5 年間で年間11.2%減少しました。成長の加速: 6996は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 6996は過去 1 年間で収益成長率がマイナス ( -1.8% ) となったため、 Semiconductor業界平均 ( 3.5% ) と比較することが困難です。株主資本利益率高いROE: 6996の 自己資本利益率 ( 21.9% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSemiconductors 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 02:20終値2026/06/18 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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
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.
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.
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.
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.
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.
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 • 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%.