View Future GrowthFeedback Technology 過去の業績過去 基準チェック /46Feedback Technologyは、平均年間4.5%の収益成長を遂げていますが、 Semiconductor業界の収益は、年間 減少しています。収益は、平均年間5.2% 7.3%収益成長率で 成長しています。 Feedback Technologyの自己資本利益率は10%であり、純利益率は16.1%です。主要情報4.52%収益成長率1.27%EPS成長率Semiconductor 業界の成長19.89%収益成長率7.31%株主資本利益率9.96%ネット・マージン16.12%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.56 (vs NT$1.20 in 1Q 2025)First quarter 2026 results: EPS: NT$2.56 (up from NT$1.20 in 1Q 2025). Revenue: NT$651.6m (up 38% from 1Q 2025). Net income: NT$131.8m (up 108% from 1Q 2025). Profit margin: 20% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. 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 38% per year, which means it is well ahead of earnings.Reported Earnings • Mar 26Full year 2025 earnings released: EPS: NT$5.89 (vs NT$7.50 in FY 2024)Full year 2025 results: EPS: NT$5.89 (down from NT$7.50 in FY 2024). Revenue: NT$2.14b (up 6.8% from FY 2024). Net income: NT$305.3m (down 19% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$2.04 (vs NT$1.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.04 (up from NT$1.76 in 3Q 2024). Revenue: NT$558.2m (up 8.2% from 3Q 2024). Net income: NT$104.6m (up 16% from 3Q 2024). Profit margin: 19% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$1.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.74 (down from NT$1.93 in 2Q 2024). Revenue: NT$550.8m (up 6.6% from 2Q 2024). Net income: NT$38.3m (down 59% from 2Q 2024). Profit margin: 6.9% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.20 (vs NT$2.17 in 1Q 2024)First quarter 2025 results: EPS: NT$1.20 (down from NT$2.17 in 1Q 2024). Revenue: NT$472.2m (down 2.1% from 1Q 2024). Net income: NT$63.4m (down 39% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.76 (vs NT$1.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.76. Revenue: NT$515.9m (up 17% from 3Q 2023). Net income: NT$90.4m (up 6.5% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.すべての更新を表示Recent updatesReported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.56 (vs NT$1.20 in 1Q 2025)First quarter 2026 results: EPS: NT$2.56 (up from NT$1.20 in 1Q 2025). Revenue: NT$651.6m (up 38% from 1Q 2025). Net income: NT$131.8m (up 108% from 1Q 2025). Profit margin: 20% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. 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 38% per year, which means it is well ahead of earnings.New Risk • May 18New 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 9.3% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (194% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$237, the stock trades at a trailing P/E ratio of 39.9x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 219% over the past three years.Reported Earnings • Mar 26Full year 2025 earnings released: EPS: NT$5.89 (vs NT$7.50 in FY 2024)Full year 2025 results: EPS: NT$5.89 (down from NT$7.50 in FY 2024). Revenue: NT$2.14b (up 6.8% from FY 2024). Net income: NT$305.3m (down 19% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$155, the stock trades at a trailing P/E ratio of 26.9x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 112% over the past three years.Price Target Changed • Mar 20Price target increased by 21% to NT$169Up from NT$140, the current price target is provided by 1 analyst. New target price is 24% above last closing price of NT$136. The company posted earnings per share of NT$7.50 last year.お知らせ • Mar 17Feedback Technology Corp., Annual General Meeting, Jun 16, 2026Feedback Technology Corp., Annual General Meeting, Jun 16, 2026. Location: 4 floor no,221, niu p`u s. rd., hsinchu city TaiwanBuy Or Sell Opportunity • Mar 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to NT$137. The fair value is estimated to be NT$114, 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 19%.Buy Or Sell Opportunity • Feb 24Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$146. The fair value is estimated to be NT$116, 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 19%.Buy Or Sell Opportunity • Jan 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$138. The fair value is estimated to be NT$114, 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 19%.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$2.04 (vs NT$1.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.04 (up from NT$1.76 in 3Q 2024). Revenue: NT$558.2m (up 8.2% from 3Q 2024). Net income: NT$104.6m (up 16% from 3Q 2024). Profit margin: 19% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$118, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 76% over the past three years.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$1.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.74 (down from NT$1.93 in 2Q 2024). Revenue: NT$550.8m (up 6.6% from 2Q 2024). Net income: NT$38.3m (down 59% from 2Q 2024). Profit margin: 6.9% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • May 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 138% Dividend yield: 7.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.20 (vs NT$2.17 in 1Q 2024)First quarter 2025 results: EPS: NT$1.20 (down from NT$2.17 in 1Q 2024). Revenue: NT$472.2m (down 2.1% from 1Q 2024). Net income: NT$63.4m (down 39% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 09Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 16 April 2025. Payment date: 20 May 2025. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (2.7%).Declared Dividend • Mar 20Dividend increased to NT$8.00Dividend of NT$8.00 is 33% higher than last year. Ex-date: 16th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.6% 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 17Feedback Technology Corp., Annual General Meeting, Jun 16, 2025Feedback Technology Corp., Annual General Meeting, Jun 16, 2025. Location: 4 floor no,221, niu p`u s. rd., hsinchu city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.76 (vs NT$1.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.76. Revenue: NT$515.9m (up 17% from 3Q 2023). Net income: NT$90.4m (up 6.5% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.New Risk • Oct 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.85 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.93 (up from NT$1.85 in 2Q 2023). Revenue: NT$517.0m (up 10.0% from 2Q 2023). Net income: NT$92.5m (up 4.4% from 2Q 2023). Profit margin: 18% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 05New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.17 (vs NT$1.36 in 1Q 2023)First quarter 2024 results: EPS: NT$2.17 (up from NT$1.36 in 1Q 2023). Revenue: NT$482.4m (up 12% from 1Q 2023). Net income: NT$104.0m (up 65% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 10Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).お知らせ • Mar 29Feedback Technology Corp., Annual General Meeting, Jun 17, 2024Feedback Technology Corp., Annual General Meeting, Jun 17, 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$5.98 (vs NT$9.83 in FY 2022)Full year 2023 results: EPS: NT$5.98 (down from NT$9.83 in FY 2022). Revenue: NT$1.81b (down 9.6% from FY 2022). Net income: NT$284.7m (down 36% from FY 2022). Profit margin: 16% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year.Buy Or Sell Opportunity • Jan 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.4% to NT$92.20. The fair value is estimated to be NT$76.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$1.85 (vs NT$2.27 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.85 (down from NT$2.27 in 2Q 2022). Revenue: NT$470.1m (down 1.8% from 2Q 2022). Net income: NT$88.6m (down 13% from 2Q 2022). Profit margin: 19% (down from 21% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 11Upcoming dividend of NT$7.00 per share at 7.4% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 75% respectively. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.3%).Buying Opportunity • Apr 20Now 22% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be NT$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 46%.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$105, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 141% over the past three years.Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$93.80, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 71% over the past three years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). VP & Director Willy Lee was the last 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. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$3.64 (vs NT$2.10 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.64 (up from NT$2.10 in 3Q 2021). Revenue: NT$529.8m (up 18% from 3Q 2021). Net income: NT$166.0m (up 75% from 3Q 2021). Profit margin: 31% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.27 (vs NT$0.84 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.27 (up from NT$0.84 in 2Q 2021). Revenue: NT$478.9m (up 39% from 2Q 2021). Net income: NT$102.3m (up 168% from 2Q 2021). Profit margin: 21% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 11Upcoming dividend of NT$3.91 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.8%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.16 (vs NT$0.65 in 1Q 2021)First quarter 2022 results: EPS: NT$2.16 (up from NT$0.65 in 1Q 2021). Revenue: NT$475.1m (up 40% from 1Q 2021). Net income: NT$96.2m (up 225% from 1Q 2021). Profit margin: 20% (up from 8.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). VP & Director Willy Lee was the last 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. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$78.00, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 21% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$2.10 (vs NT$0.65 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$450.6m (up 42% from 3Q 2020). Net income: NT$95.1m (up 232% from 3Q 2020). Profit margin: 21% (up from 9.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.84 (vs NT$1.95 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$343.5m (down 2.2% from 2Q 2020). Net income: NT$38.2m (down 55% from 2Q 2020). Profit margin: 11% (down from 24% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 11Upcoming dividend of NT$2.58 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 08 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.1%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.40 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$338.9m (up 5.3% from 1Q 2020). Net income: NT$29.6m (up 71% from 1Q 2020). Profit margin: 8.7% (up from 5.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$59.50, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 38% over the past three years.Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$4.00 (vs NT$3.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.31b (up 9.4% from FY 2019). Net income: NT$176.9m (up 21% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.分析記事 • Mar 24Feedback Technology (GTSM:8091) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Feb 17Investors In Feedback Technology Corp. (GTSM:8091) Should Consider This, FirstDividend paying stocks like Feedback Technology Corp. ( GTSM:8091 ) tend to be popular with investors, and for good...Is New 90 Day High Low • Feb 01New 90-day low: NT$66.60The company is down 2.0% from its price of NT$68.20 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period.分析記事 • Jan 29Does Feedback Technology Corp.'s (GTSM:8091) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Feedback Technology's (GTSM:8091) stock is up by 4.8% over the past three months. However, its weak financial...分析記事 • Jan 14Are Feedback Technology's (GTSM:8091) Statutory Earnings A Good Reflection Of Its Earnings Potential?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...分析記事 • Dec 17The Returns At Feedback Technology (GTSM:8091) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Dec 03New 90-day high: NT$75.20The company is up 1.0% from its price of NT$74.60 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period.分析記事 • Dec 02How Much Did Feedback Technology's(GTSM:8091) Shareholders Earn From Share Price Movements Over The Last Three Years?Feedback Technology Corp. ( GTSM:8091 ) shareholders should be happy to see the share price up 13% in the last month...分析記事 • Nov 17How Does Feedback Technology Corp. (GTSM:8091) Fare As A Dividend Stock?Today we'll take a closer look at Feedback Technology Corp. (GTSM:8091) from a dividend investor's perspective. Owning...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.65The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$317.1m (up 9.4% from 3Q 2019). Net income: NT$28.7m (down 41% from 3Q 2019). Profit margin: 9.0% (down from 17% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 31New 90-day low: NT$66.10The company is down 17% from its price of NT$79.70 on 31 July 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 1.0% over the same period.収支内訳Feedback 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:8091 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 262,3183743176531 Dec 252,1393052866230 Sep 252,0682952887030 Jun 252,0262812847731 Mar 251,9923352827531 Dec 242,0023752727730 Sep 241,9803352557730 Jun 241,9053292527631 Mar 241,8583262457531 Dec 231,8052852427730 Sep 231,8533162397330 Jun 231,9423972307331 Mar 231,9514112177231 Dec 221,9964442136730 Sep 221,9744692146030 Jun 221,8943982164931 Mar 221,7593342184031 Dec 211,6232672123630 Sep 211,4572092023430 Jun 211,3241421933531 Mar 211,3311891923631 Dec 201,3141771923630 Sep 201,2551461933430 Jun 201,2271661843531 Mar 201,1841211743531 Dec 191,2021471643430 Sep 191,3061771623430 Jun 191,4391961713631 Mar 191,5452521793831 Dec 181,5732841904030 Sep 181,5533021944330 Jun 181,5394122044631 Mar 181,6994002244631 Dec 171,8734022394730 Sep 172,0684122604730 Jun 172,2663062584531 Mar 172,2842692494131 Dec 162,3592482443830 Sep 162,7592352503530 Jun 162,7482612533131 Mar 162,7253122492931 Dec 152,5493112252730 Sep 151,9483081992530 Jun 151,69427717725質の高い収益: 8091は 高品質の収益 を持っています。利益率の向上: 8091の現在の純利益率 (16.1%)は、昨年(16.8%)よりも低くなっています。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: 8091の収益は過去 5 年間で年間4.5%増加しました。成長の加速: 8091の過去 1 年間の収益成長率 ( 11.6% ) は、5 年間の平均 ( 年間4.5%を上回っています。収益対業界: 8091の過去 1 年間の収益成長率 ( 11.6% ) はSemiconductor業界2.4%を上回りました。株主資本利益率高いROE: 8091の 自己資本利益率 ( 10% ) は 低い 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2026/05/22 08:50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Feedback Technology Corp. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Liren LiangMasterlink Securities Investment AdvisoryYen Chun WangSinoPac Securities Investment Service
Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.56 (vs NT$1.20 in 1Q 2025)First quarter 2026 results: EPS: NT$2.56 (up from NT$1.20 in 1Q 2025). Revenue: NT$651.6m (up 38% from 1Q 2025). Net income: NT$131.8m (up 108% from 1Q 2025). Profit margin: 20% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. 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 38% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 26Full year 2025 earnings released: EPS: NT$5.89 (vs NT$7.50 in FY 2024)Full year 2025 results: EPS: NT$5.89 (down from NT$7.50 in FY 2024). Revenue: NT$2.14b (up 6.8% from FY 2024). Net income: NT$305.3m (down 19% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$2.04 (vs NT$1.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.04 (up from NT$1.76 in 3Q 2024). Revenue: NT$558.2m (up 8.2% from 3Q 2024). Net income: NT$104.6m (up 16% from 3Q 2024). Profit margin: 19% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$1.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.74 (down from NT$1.93 in 2Q 2024). Revenue: NT$550.8m (up 6.6% from 2Q 2024). Net income: NT$38.3m (down 59% from 2Q 2024). Profit margin: 6.9% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.20 (vs NT$2.17 in 1Q 2024)First quarter 2025 results: EPS: NT$1.20 (down from NT$2.17 in 1Q 2024). Revenue: NT$472.2m (down 2.1% from 1Q 2024). Net income: NT$63.4m (down 39% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.76 (vs NT$1.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.76. Revenue: NT$515.9m (up 17% from 3Q 2023). Net income: NT$90.4m (up 6.5% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.56 (vs NT$1.20 in 1Q 2025)First quarter 2026 results: EPS: NT$2.56 (up from NT$1.20 in 1Q 2025). Revenue: NT$651.6m (up 38% from 1Q 2025). Net income: NT$131.8m (up 108% from 1Q 2025). Profit margin: 20% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. 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 38% per year, which means it is well ahead of earnings.
New Risk • May 18New 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 9.3% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (194% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$237, the stock trades at a trailing P/E ratio of 39.9x. Average forward P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 219% over the past three years.
Reported Earnings • Mar 26Full year 2025 earnings released: EPS: NT$5.89 (vs NT$7.50 in FY 2024)Full year 2025 results: EPS: NT$5.89 (down from NT$7.50 in FY 2024). Revenue: NT$2.14b (up 6.8% from FY 2024). Net income: NT$305.3m (down 19% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$155, the stock trades at a trailing P/E ratio of 26.9x. Average forward P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 112% over the past three years.
Price Target Changed • Mar 20Price target increased by 21% to NT$169Up from NT$140, the current price target is provided by 1 analyst. New target price is 24% above last closing price of NT$136. The company posted earnings per share of NT$7.50 last year.
お知らせ • Mar 17Feedback Technology Corp., Annual General Meeting, Jun 16, 2026Feedback Technology Corp., Annual General Meeting, Jun 16, 2026. Location: 4 floor no,221, niu p`u s. rd., hsinchu city Taiwan
Buy Or Sell Opportunity • Mar 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to NT$137. The fair value is estimated to be NT$114, 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 19%.
Buy Or Sell Opportunity • Feb 24Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$146. The fair value is estimated to be NT$116, 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 19%.
Buy Or Sell Opportunity • Jan 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$138. The fair value is estimated to be NT$114, 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 19%.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$2.04 (vs NT$1.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.04 (up from NT$1.76 in 3Q 2024). Revenue: NT$558.2m (up 8.2% from 3Q 2024). Net income: NT$104.6m (up 16% from 3Q 2024). Profit margin: 19% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$118, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 31x in the Semiconductor industry in Taiwan. Total returns to shareholders of 76% over the past three years.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$1.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.74 (down from NT$1.93 in 2Q 2024). Revenue: NT$550.8m (up 6.6% from 2Q 2024). Net income: NT$38.3m (down 59% from 2Q 2024). Profit margin: 6.9% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • May 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 138% Dividend yield: 7.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.20 (vs NT$2.17 in 1Q 2024)First quarter 2025 results: EPS: NT$1.20 (down from NT$2.17 in 1Q 2024). Revenue: NT$472.2m (down 2.1% from 1Q 2024). Net income: NT$63.4m (down 39% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 09Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 16 April 2025. Payment date: 20 May 2025. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (2.7%).
Declared Dividend • Mar 20Dividend increased to NT$8.00Dividend of NT$8.00 is 33% higher than last year. Ex-date: 16th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.6% 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 17Feedback Technology Corp., Annual General Meeting, Jun 16, 2025Feedback Technology Corp., Annual General Meeting, Jun 16, 2025. Location: 4 floor no,221, niu p`u s. rd., hsinchu city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.76 (vs NT$1.77 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.76. Revenue: NT$515.9m (up 17% from 3Q 2023). Net income: NT$90.4m (up 6.5% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
New Risk • Oct 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.85 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.93 (up from NT$1.85 in 2Q 2023). Revenue: NT$517.0m (up 10.0% from 2Q 2023). Net income: NT$92.5m (up 4.4% from 2Q 2023). Profit margin: 18% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 05New 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.17 (vs NT$1.36 in 1Q 2023)First quarter 2024 results: EPS: NT$2.17 (up from NT$1.36 in 1Q 2023). Revenue: NT$482.4m (up 12% from 1Q 2023). Net income: NT$104.0m (up 65% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 10Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.3%).
お知らせ • Mar 29Feedback Technology Corp., Annual General Meeting, Jun 17, 2024Feedback Technology Corp., Annual General Meeting, Jun 17, 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$5.98 (vs NT$9.83 in FY 2022)Full year 2023 results: EPS: NT$5.98 (down from NT$9.83 in FY 2022). Revenue: NT$1.81b (down 9.6% from FY 2022). Net income: NT$284.7m (down 36% from FY 2022). Profit margin: 16% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year.
Buy Or Sell Opportunity • Jan 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.4% to NT$92.20. The fair value is estimated to be NT$76.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$1.85 (vs NT$2.27 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.85 (down from NT$2.27 in 2Q 2022). Revenue: NT$470.1m (down 1.8% from 2Q 2022). Net income: NT$88.6m (down 13% from 2Q 2022). Profit margin: 19% (down from 21% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 11Upcoming dividend of NT$7.00 per share at 7.4% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 75% respectively. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.3%).
Buying Opportunity • Apr 20Now 22% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be NT$135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 46%.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$105, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 141% over the past three years.
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$93.80, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 71% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). VP & Director Willy Lee was the last 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. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$3.64 (vs NT$2.10 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.64 (up from NT$2.10 in 3Q 2021). Revenue: NT$529.8m (up 18% from 3Q 2021). Net income: NT$166.0m (up 75% from 3Q 2021). Profit margin: 31% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.27 (vs NT$0.84 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.27 (up from NT$0.84 in 2Q 2021). Revenue: NT$478.9m (up 39% from 2Q 2021). Net income: NT$102.3m (up 168% from 2Q 2021). Profit margin: 21% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 11Upcoming dividend of NT$3.91 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.8%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$2.16 (vs NT$0.65 in 1Q 2021)First quarter 2022 results: EPS: NT$2.16 (up from NT$0.65 in 1Q 2021). Revenue: NT$475.1m (up 40% from 1Q 2021). Net income: NT$96.2m (up 225% from 1Q 2021). Profit margin: 20% (up from 8.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). VP & Director Willy Lee was the last 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. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$78.00, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 21% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$2.10 (vs NT$0.65 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$450.6m (up 42% from 3Q 2020). Net income: NT$95.1m (up 232% from 3Q 2020). Profit margin: 21% (up from 9.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.84 (vs NT$1.95 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$343.5m (down 2.2% from 2Q 2020). Net income: NT$38.2m (down 55% from 2Q 2020). Profit margin: 11% (down from 24% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 11Upcoming dividend of NT$2.58 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 08 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (2.1%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.40 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$338.9m (up 5.3% from 1Q 2020). Net income: NT$29.6m (up 71% from 1Q 2020). Profit margin: 8.7% (up from 5.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$59.50, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 38% over the past three years.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$4.00 (vs NT$3.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.31b (up 9.4% from FY 2019). Net income: NT$176.9m (up 21% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 24Feedback Technology (GTSM:8091) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Feb 17Investors In Feedback Technology Corp. (GTSM:8091) Should Consider This, FirstDividend paying stocks like Feedback Technology Corp. ( GTSM:8091 ) tend to be popular with investors, and for good...
Is New 90 Day High Low • Feb 01New 90-day low: NT$66.60The company is down 2.0% from its price of NT$68.20 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period.
分析記事 • Jan 29Does Feedback Technology Corp.'s (GTSM:8091) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Feedback Technology's (GTSM:8091) stock is up by 4.8% over the past three months. However, its weak financial...
分析記事 • Jan 14Are Feedback Technology's (GTSM:8091) Statutory Earnings A Good Reflection Of Its Earnings Potential?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
分析記事 • Dec 17The Returns At Feedback Technology (GTSM:8091) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Dec 03New 90-day high: NT$75.20The company is up 1.0% from its price of NT$74.60 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 16% over the same period.
分析記事 • Dec 02How Much Did Feedback Technology's(GTSM:8091) Shareholders Earn From Share Price Movements Over The Last Three Years?Feedback Technology Corp. ( GTSM:8091 ) shareholders should be happy to see the share price up 13% in the last month...
分析記事 • Nov 17How Does Feedback Technology Corp. (GTSM:8091) Fare As A Dividend Stock?Today we'll take a closer look at Feedback Technology Corp. (GTSM:8091) from a dividend investor's perspective. Owning...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.65The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$317.1m (up 9.4% from 3Q 2019). Net income: NT$28.7m (down 41% from 3Q 2019). Profit margin: 9.0% (down from 17% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 31New 90-day low: NT$66.10The company is down 17% from its price of NT$79.70 on 31 July 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 1.0% over the same period.