View Future GrowthForward Electronics 過去の業績過去 基準チェック /06Forward Electronicsの収益は年間平均-51.1%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% 9.7%割合で 減少しています。主要情報-51.15%収益成長率-51.15%EPS成長率Semiconductor 業界の成長19.89%収益成長率-9.73%株主資本利益率-10.12%ネット・マージン-18.81%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 16First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.27 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.27 loss in 1Q 2025). Revenue: NT$175.4m (up 11% from 1Q 2025). Net loss: NT$22.5m (loss narrowed 40% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 14Full year 2025 earnings released: NT$1.01 loss per share (vs NT$0.86 loss in FY 2024)Full year 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.86 loss in FY 2024). Revenue: NT$658.4m (up 10% from FY 2024). Net loss: NT$141.9m (loss widened 18% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.056 loss in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (further deteriorated from NT$0.056 loss in 2Q 2024). Revenue: NT$164.7m (up 17% from 2Q 2024). Net loss: NT$61.4m (loss widened NT$53.6m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.27 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$157.7m (up 13% from 1Q 2024). Net loss: NT$37.3m (loss widened 58% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.お知らせ • Apr 29Forward Electronics Co., Ltd. to Report Q1, 2025 Results on May 06, 2025Forward Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.86 loss per share (vs NT$1.00 loss in FY 2023)Full year 2024 results: NT$0.86 loss per share (improved from NT$1.00 loss in FY 2023). Revenue: NT$596.3m (down 18% from FY 2023). Net loss: NT$120.4m (loss narrowed 14% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesReported Earnings • May 16First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.27 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.27 loss in 1Q 2025). Revenue: NT$175.4m (up 11% from 1Q 2025). Net loss: NT$22.5m (loss narrowed 40% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 14Full year 2025 earnings released: NT$1.01 loss per share (vs NT$0.86 loss in FY 2024)Full year 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.86 loss in FY 2024). Revenue: NT$658.4m (up 10% from FY 2024). Net loss: NT$141.9m (loss widened 18% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • Mar 06Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2026Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: no,393, sec.1 chung cheng rd., sansia district, new taipei city TaiwanNew Risk • Sep 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.056 loss in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (further deteriorated from NT$0.056 loss in 2Q 2024). Revenue: NT$164.7m (up 17% from 2Q 2024). Net loss: NT$61.4m (loss widened NT$53.6m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.27 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$157.7m (up 13% from 1Q 2024). Net loss: NT$37.3m (loss widened 58% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.お知らせ • Apr 29Forward Electronics Co., Ltd. to Report Q1, 2025 Results on May 06, 2025Forward Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$95.3m) 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$3.15b market cap, or US$95.3m).New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.86 loss per share (vs NT$1.00 loss in FY 2023)Full year 2024 results: NT$0.86 loss per share (improved from NT$1.00 loss in FY 2023). Revenue: NT$596.3m (down 18% from FY 2023). Net loss: NT$120.4m (loss narrowed 14% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.お知らせ • Feb 25+ 2 more updatesForward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2025Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2025. Location: no,393, sec.1 chung cheng rd., sansia district, new taipei city Taiwanお知らせ • Feb 15Forward Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Feb 24, 2025Forward Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Feb 24, 2025New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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. This is currently the only risk that has been identified for the company.お知らせ • Dec 28Forward Electronics Co., Ltd. Announces the Re-Assignment of the Company's Institutional Director RepresentativeForward Electronics Co., Ltd. announced that title and name of the new position holder: Director: Tatung Company Representative: Wang,Ya-Hsuan. Resume of the new position holder: President of Lung Hwa Electronics Co., Ltd. Effective date of the new appointment is December 27, 2024.Reported Earnings • Nov 19Third quarter 2024 earnings released: NT$0.43 loss per share (vs NT$0.075 loss in 3Q 2023)Third quarter 2024 results: NT$0.43 loss per share (further deteriorated from NT$0.075 loss in 3Q 2023). Revenue: NT$170.1m (down 1.1% from 3Q 2023). Net loss: NT$59.5m (loss widened 467% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.お知らせ • Oct 24Forward Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Forward Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Oct 19Second quarter 2024 earnings released: NT$0.056 loss per share (vs NT$0.029 loss in 2Q 2023)Second quarter 2024 results: NT$0.056 loss per share (further deteriorated from NT$0.029 loss in 2Q 2023). Revenue: NT$140.4m (down 28% from 2Q 2023). Net loss: NT$7.89m (loss widened 97% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Sep 07Forward Electronics Co., Ltd. Announces Resignation of Yeh Huang-Chi as Independent Director and as Convener and Member of Audit Committee and Remuneration CommitteeForward Electronics Co., Ltd. announced resignation of Yeh Huang-Chi as independent director, as a convener and member of the Audit Committee and a convener and member of the Remuneration Committee. Date of occurrence of the change is September 6, 2024.Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.029 loss in 2Q 2023)Second quarter 2024 results: NT$0.06 loss per share (further deteriorated from NT$0.029 loss in 2Q 2023). Revenue: NT$140.4m (down 28% from 2Q 2023). Net loss: NT$7.89m (loss widened 97% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.お知らせ • Jul 31Forward Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Forward Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024お知らせ • May 29Forward Electronics Co., Ltd. Announces Committee ChangesForward Electronics Co., Ltd. announced the appointment of Yeh Huang-Chi, Shi Yi-Chen and Chiu Jin-Yi as members of the Remuneration Committee and Wang Jia-Nan is leaving the committee, while Yeh Huang-Chi is transitioning from their previous term to a new term on the committee. Original term (from/to): from 2021/08/09 to 2024/08/08. Effective date of the new member: May 27, 2024.Reported Earnings • May 19First quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.12 loss in 1Q 2023)First quarter 2024 results: NT$0.17 loss per share (further deteriorated from NT$0.12 loss in 1Q 2023). Revenue: NT$139.6m (down 34% from 1Q 2023). Net loss: NT$23.6m (loss widened 41% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings.お知らせ • May 02Forward Electronics Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Forward Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Mar 17Full year 2023 earnings released: NT$1.00 loss per share (vs NT$1.23 profit in FY 2022)Full year 2023 results: NT$1.00 loss per share (down from NT$1.23 profit in FY 2022). Revenue: NT$722.6m (down 19% from FY 2022). Net loss: NT$140.3m (down 182% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05+ 1 more updateForward Electronics Co., Ltd. Approves Not to Distribute Dividend for the Year Ended December 31, 2023Forward Electronics Co., Ltd. announced the board of directors approved not to distribute dividend for the year ended December 31, 2023.お知らせ • Jan 10Forward Electronics Co., Ltd. Appoints Shen,Ying-I as General ManagerForward Electronics Co., Ltd. announced that the board of directors approved the new general manager. Name of the new position holder: Shen,Ying-I; Resume of the new position holder: Chief investment officer of Yapotun Investment ltd. Effective date of the new appointment is January 9, 2024.New Risk • Nov 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin).Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$38.10, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 400% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$34.40, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 539% over the past three years.New Risk • Aug 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 12Second quarter 2023 earnings released: NT$0.03 loss per share (vs NT$0.14 profit in 2Q 2022)Second quarter 2023 results: NT$0.03 loss per share (down from NT$0.14 profit in 2Q 2022). Revenue: NT$193.7m (down 2.5% from 2Q 2022). Net loss: NT$4.00m (down 120% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 118% per year whereas the company’s share price has increased by 114% per year.Upcoming Dividend • Jun 29Upcoming dividend of NT$0.10 per share at 0.2% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 10% and the cash payout ratio is 81%. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$45.05, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 825% over the past three years.New Risk • Jun 13New major 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 7.6% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$29.80, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 644% over the past three years.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$24.05, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 549% over the past three years.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.23 (vs NT$0.24 in FY 2021)Full year 2022 results: EPS: NT$1.23 (up from NT$0.24 in FY 2021). Revenue: NT$893.8m (down 2.3% from FY 2021). Net income: NT$172.0m (up 415% from FY 2021). Profit margin: 19% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (up from NT$0.12 in 3Q 2021). Revenue: NT$251.8m (up 4.6% from 3Q 2021). Net income: NT$82.8m (up 393% from 3Q 2021). Profit margin: 33% (up from 7.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman Frank Wang is the most experienced director on the board, commencing their role in 2022. Independent Director Ye Huangqi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (up from NT$0.12 in 3Q 2021). Revenue: NT$251.8m (up 4.6% from 3Q 2021). Net income: NT$82.8m (up 393% from 3Q 2021). Profit margin: 33% (up from 7.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$24.35, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 381% over the past three years.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.019 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.14 (up from NT$0.019 in 2Q 2021). Revenue: NT$198.6m (down 17% from 2Q 2021). Net income: NT$20.2m (up NT$17.5m from 2Q 2021). Profit margin: 10% (up from 1.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 19Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 31 August 2022. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (3.7%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.078 in 1Q 2021)First quarter 2022 results: EPS: NT$0.14 (up from NT$0.078 in 1Q 2021). Revenue: NT$215.5m (down 7.6% from 1Q 2021). Net income: NT$19.1m (up 75% from 1Q 2021). Profit margin: 8.8% (up from 4.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ting-Kuo Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 236% over the past three years.Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.24 (up from NT$0.53 loss in FY 2020). Revenue: NT$914.5m (up 13% from FY 2020). Net income: NT$33.4m (up NT$107.8m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.21 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$240.8m (up 16% from 3Q 2020). Net income: NT$16.8m (up NT$50.0m from 3Q 2020). Profit margin: 7.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 46% per year.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.033 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$239.8m (up 25% from 2Q 2020). Net income: NT$2.71m (down 49% from 2Q 2020). Profit margin: 1.1% (down from 2.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.42 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$233.1m (up 35% from 1Q 2020). Net income: NT$10.9m (up NT$77.5m from 1Q 2020). Profit margin: 4.7% (up from net loss in 1Q 2020). 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 25% per year, which means it is well ahead of earnings.分析記事 • Apr 20Is Forward Electronics (GTSM:8085) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.47 loss per share (vs NT$0.90 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$810.9m (down 18% from FY 2019). Net loss: NT$74.4m (loss narrowed 48% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 26New 90-day high: NT$9.48The company is up 37% from its price of NT$6.90 on 27 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 30% over the same period.分析記事 • Feb 25Investors Who Bought Forward Electronics (GTSM:8085) Shares Five Years Ago Are Now Up 141%When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...Is New 90 Day High Low • Dec 25New 90-day high: NT$8.59The company is up 50% from its price of NT$5.74 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period.分析記事 • Dec 11Is Forward Electronics (GTSM:8085) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Dec 05New 90-day high: NT$7.56The company is up 58% from its price of NT$4.79 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.21 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$207.4m (down 8.9% from 3Q 2019). Net loss: NT$33.2m (loss narrowed 43% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Oct 24New 90-day high: NT$6.33The company is up 53% from its price of NT$4.15 on 24 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period.Is New 90 Day High Low • Sep 21New 90-day high: NT$5.29The company is up 21% from its price of NT$4.37 on 23 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 30% over the same period.収支内訳Forward Electronics 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:8085 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 26676-1271121531 Dec 25658-1421071530 Sep 25631-841481530 Jun 25639-1881781431 Mar 25614-1341791431 Dec 24596-1202011530 Sep 24597-2002061630 Jun 24599-1511701631 Mar 24652-1471651631 Dec 23723-1401381730 Sep 2380319881630 Jun 23883112891731 Mar 23888136891831 Dec 22894172931830 Sep 22867125951830 Jun 2285659901931 Mar 2289742941931 Dec 2191533981930 Sep 2195251982030 Jun 219191993031 Mar 2187231003531 Dec 20811-74973930 Sep 20777-1711034630 Jun 20798-1961055031 Mar 20857-1981095131 Dec 19989-1421205430 Sep 191,137-1251475130 Jun 191,321-1301544031 Mar 191,433-1621583831 Dec 181,441-1901563430 Sep 181,446-1111353330 Jun 181,375-301343331 Mar 181,382-31343331 Dec 171,36171323330 Sep 171,314-521473530 Jun 171,3541431554031 Mar 171,3851251604131 Dec 161,432981634030 Sep 161,546621614130 Jun 161,637-1781743931 Mar 161,696-2231983931 Dec 151,813-1852133930 Sep 151,871-1362063830 Jun 151,986-10319640質の高い収益: 8085は現在利益が出ていません。利益率の向上: 8085は現在利益が出ていません。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: 8085は利益が出ておらず、過去 5 年間で損失は年間51.1%の割合で増加しています。成長の加速: 8085の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: 8085は利益が出ていないため、過去 1 年間の収益成長をSemiconductor業界 ( 2.4% ) と比較することは困難です。株主資本利益率高いROE: 8085は現在利益が出ていないため、自己資本利益率 ( -10.12% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSemiconductors 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 02:10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Forward Electronics Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 16First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.27 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.27 loss in 1Q 2025). Revenue: NT$175.4m (up 11% from 1Q 2025). Net loss: NT$22.5m (loss narrowed 40% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 14Full year 2025 earnings released: NT$1.01 loss per share (vs NT$0.86 loss in FY 2024)Full year 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.86 loss in FY 2024). Revenue: NT$658.4m (up 10% from FY 2024). Net loss: NT$141.9m (loss widened 18% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.056 loss in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (further deteriorated from NT$0.056 loss in 2Q 2024). Revenue: NT$164.7m (up 17% from 2Q 2024). Net loss: NT$61.4m (loss widened NT$53.6m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.27 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$157.7m (up 13% from 1Q 2024). Net loss: NT$37.3m (loss widened 58% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 29Forward Electronics Co., Ltd. to Report Q1, 2025 Results on May 06, 2025Forward Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025
Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.86 loss per share (vs NT$1.00 loss in FY 2023)Full year 2024 results: NT$0.86 loss per share (improved from NT$1.00 loss in FY 2023). Revenue: NT$596.3m (down 18% from FY 2023). Net loss: NT$120.4m (loss narrowed 14% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.27 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.27 loss in 1Q 2025). Revenue: NT$175.4m (up 11% from 1Q 2025). Net loss: NT$22.5m (loss narrowed 40% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 14Full year 2025 earnings released: NT$1.01 loss per share (vs NT$0.86 loss in FY 2024)Full year 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.86 loss in FY 2024). Revenue: NT$658.4m (up 10% from FY 2024). Net loss: NT$141.9m (loss widened 18% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 06Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2026Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2026. Location: no,393, sec.1 chung cheng rd., sansia district, new taipei city Taiwan
New Risk • Sep 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.056 loss in 2Q 2024)Second quarter 2025 results: NT$0.44 loss per share (further deteriorated from NT$0.056 loss in 2Q 2024). Revenue: NT$164.7m (up 17% from 2Q 2024). Net loss: NT$61.4m (loss widened NT$53.6m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.27 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$157.7m (up 13% from 1Q 2024). Net loss: NT$37.3m (loss widened 58% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 29Forward Electronics Co., Ltd. to Report Q1, 2025 Results on May 06, 2025Forward Electronics Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025
New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$95.3m) 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$3.15b market cap, or US$95.3m).
New Risk • Mar 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.86 loss per share (vs NT$1.00 loss in FY 2023)Full year 2024 results: NT$0.86 loss per share (improved from NT$1.00 loss in FY 2023). Revenue: NT$596.3m (down 18% from FY 2023). Net loss: NT$120.4m (loss narrowed 14% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 25+ 2 more updatesForward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2025Forward Electronics Co., Ltd., Annual General Meeting, Jun 17, 2025. Location: no,393, sec.1 chung cheng rd., sansia district, new taipei city Taiwan
お知らせ • Feb 15Forward Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Feb 24, 2025Forward Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Feb 24, 2025
New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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. This is currently the only risk that has been identified for the company.
お知らせ • Dec 28Forward Electronics Co., Ltd. Announces the Re-Assignment of the Company's Institutional Director RepresentativeForward Electronics Co., Ltd. announced that title and name of the new position holder: Director: Tatung Company Representative: Wang,Ya-Hsuan. Resume of the new position holder: President of Lung Hwa Electronics Co., Ltd. Effective date of the new appointment is December 27, 2024.
Reported Earnings • Nov 19Third quarter 2024 earnings released: NT$0.43 loss per share (vs NT$0.075 loss in 3Q 2023)Third quarter 2024 results: NT$0.43 loss per share (further deteriorated from NT$0.075 loss in 3Q 2023). Revenue: NT$170.1m (down 1.1% from 3Q 2023). Net loss: NT$59.5m (loss widened 467% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 24Forward Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Forward Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Oct 19Second quarter 2024 earnings released: NT$0.056 loss per share (vs NT$0.029 loss in 2Q 2023)Second quarter 2024 results: NT$0.056 loss per share (further deteriorated from NT$0.029 loss in 2Q 2023). Revenue: NT$140.4m (down 28% from 2Q 2023). Net loss: NT$7.89m (loss widened 97% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Sep 07Forward Electronics Co., Ltd. Announces Resignation of Yeh Huang-Chi as Independent Director and as Convener and Member of Audit Committee and Remuneration CommitteeForward Electronics Co., Ltd. announced resignation of Yeh Huang-Chi as independent director, as a convener and member of the Audit Committee and a convener and member of the Remuneration Committee. Date of occurrence of the change is September 6, 2024.
Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.029 loss in 2Q 2023)Second quarter 2024 results: NT$0.06 loss per share (further deteriorated from NT$0.029 loss in 2Q 2023). Revenue: NT$140.4m (down 28% from 2Q 2023). Net loss: NT$7.89m (loss widened 97% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings.
お知らせ • Jul 31Forward Electronics Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Forward Electronics Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
お知らせ • May 29Forward Electronics Co., Ltd. Announces Committee ChangesForward Electronics Co., Ltd. announced the appointment of Yeh Huang-Chi, Shi Yi-Chen and Chiu Jin-Yi as members of the Remuneration Committee and Wang Jia-Nan is leaving the committee, while Yeh Huang-Chi is transitioning from their previous term to a new term on the committee. Original term (from/to): from 2021/08/09 to 2024/08/08. Effective date of the new member: May 27, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.12 loss in 1Q 2023)First quarter 2024 results: NT$0.17 loss per share (further deteriorated from NT$0.12 loss in 1Q 2023). Revenue: NT$139.6m (down 34% from 1Q 2023). Net loss: NT$23.6m (loss widened 41% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings.
お知らせ • May 02Forward Electronics Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Forward Electronics Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Mar 17Full year 2023 earnings released: NT$1.00 loss per share (vs NT$1.23 profit in FY 2022)Full year 2023 results: NT$1.00 loss per share (down from NT$1.23 profit in FY 2022). Revenue: NT$722.6m (down 19% from FY 2022). Net loss: NT$140.3m (down 182% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05+ 1 more updateForward Electronics Co., Ltd. Approves Not to Distribute Dividend for the Year Ended December 31, 2023Forward Electronics Co., Ltd. announced the board of directors approved not to distribute dividend for the year ended December 31, 2023.
お知らせ • Jan 10Forward Electronics Co., Ltd. Appoints Shen,Ying-I as General ManagerForward Electronics Co., Ltd. announced that the board of directors approved the new general manager. Name of the new position holder: Shen,Ying-I; Resume of the new position holder: Chief investment officer of Yapotun Investment ltd. Effective date of the new appointment is January 9, 2024.
New Risk • Nov 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin).
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$38.10, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 400% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$34.40, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 539% over the past three years.
New Risk • Aug 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 12Second quarter 2023 earnings released: NT$0.03 loss per share (vs NT$0.14 profit in 2Q 2022)Second quarter 2023 results: NT$0.03 loss per share (down from NT$0.14 profit in 2Q 2022). Revenue: NT$193.7m (down 2.5% from 2Q 2022). Net loss: NT$4.00m (down 120% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 118% per year whereas the company’s share price has increased by 114% per year.
Upcoming Dividend • Jun 29Upcoming dividend of NT$0.10 per share at 0.2% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 10% and the cash payout ratio is 81%. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$45.05, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 825% over the past three years.
New Risk • Jun 13New major 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 7.6% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$29.80, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 644% over the past three years.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$24.05, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 549% over the past three years.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.23 (vs NT$0.24 in FY 2021)Full year 2022 results: EPS: NT$1.23 (up from NT$0.24 in FY 2021). Revenue: NT$893.8m (down 2.3% from FY 2021). Net income: NT$172.0m (up 415% from FY 2021). Profit margin: 19% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (up from NT$0.12 in 3Q 2021). Revenue: NT$251.8m (up 4.6% from 3Q 2021). Net income: NT$82.8m (up 393% from 3Q 2021). Profit margin: 33% (up from 7.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman Frank Wang is the most experienced director on the board, commencing their role in 2022. Independent Director Ye Huangqi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (up from NT$0.12 in 3Q 2021). Revenue: NT$251.8m (up 4.6% from 3Q 2021). Net income: NT$82.8m (up 393% from 3Q 2021). Profit margin: 33% (up from 7.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$24.35, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 381% over the past three years.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.019 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.14 (up from NT$0.019 in 2Q 2021). Revenue: NT$198.6m (down 17% from 2Q 2021). Net income: NT$20.2m (up NT$17.5m from 2Q 2021). Profit margin: 10% (up from 1.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 19Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 31 August 2022. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.078 in 1Q 2021)First quarter 2022 results: EPS: NT$0.14 (up from NT$0.078 in 1Q 2021). Revenue: NT$215.5m (down 7.6% from 1Q 2021). Net income: NT$19.1m (up 75% from 1Q 2021). Profit margin: 8.8% (up from 4.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ting-Kuo Chen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 18x in the Semiconductor industry in Taiwan. Total returns to shareholders of 236% over the past three years.
Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.24 (up from NT$0.53 loss in FY 2020). Revenue: NT$914.5m (up 13% from FY 2020). Net income: NT$33.4m (up NT$107.8m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.21 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$240.8m (up 16% from 3Q 2020). Net income: NT$16.8m (up NT$50.0m from 3Q 2020). Profit margin: 7.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 46% per year.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.033 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$239.8m (up 25% from 2Q 2020). Net income: NT$2.71m (down 49% from 2Q 2020). Profit margin: 1.1% (down from 2.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.42 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$233.1m (up 35% from 1Q 2020). Net income: NT$10.9m (up NT$77.5m from 1Q 2020). Profit margin: 4.7% (up from net loss in 1Q 2020). 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 25% per year, which means it is well ahead of earnings.
分析記事 • Apr 20Is Forward Electronics (GTSM:8085) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.47 loss per share (vs NT$0.90 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$810.9m (down 18% from FY 2019). Net loss: NT$74.4m (loss narrowed 48% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 26New 90-day high: NT$9.48The company is up 37% from its price of NT$6.90 on 27 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 30% over the same period.
分析記事 • Feb 25Investors Who Bought Forward Electronics (GTSM:8085) Shares Five Years Ago Are Now Up 141%When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
Is New 90 Day High Low • Dec 25New 90-day high: NT$8.59The company is up 50% from its price of NT$5.74 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period.
分析記事 • Dec 11Is Forward Electronics (GTSM:8085) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Dec 05New 90-day high: NT$7.56The company is up 58% from its price of NT$4.79 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.21 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$207.4m (down 8.9% from 3Q 2019). Net loss: NT$33.2m (loss narrowed 43% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Oct 24New 90-day high: NT$6.33The company is up 53% from its price of NT$4.15 on 24 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period.
Is New 90 Day High Low • Sep 21New 90-day high: NT$5.29The company is up 21% from its price of NT$4.37 on 23 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 30% over the same period.