View ValuationLigitek ElectronicsLtd 将来の成長Future 基準チェック /36Ligitek ElectronicsLtdは、30.8%と7.6%でそれぞれ年率30.8%で利益と収益が成長すると予測される一方、EPSはgrowで28.4%年率。主要情報30.8%収益成長率28.35%EPS成長率Semiconductor 収益成長25.7%収益成長率7.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日20 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesDeclared Dividend • May 18Dividend reduced to NT$0.60Dividend of NT$0.60 is 33% lower than last year. Ex-date: 11th June 2026 Payment date: 9th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (174% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 94% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.20 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (down from NT$0.20 in 1Q 2025). Revenue: NT$195.0m (down 1.8% from 1Q 2025). Net income: NT$18.9m (down 16% from 1Q 2025). Profit margin: 9.7% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.New Risk • Apr 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 8.7% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin).New Risk • Mar 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin).New Risk • Mar 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 12% 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 Earnings have declined by 33% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.8% net profit margin).Reported Earnings • Mar 03Full year 2025 earnings released: EPS: NT$0.38 (vs NT$0.91 in FY 2024)Full year 2025 results: EPS: NT$0.38 (down from NT$0.91 in FY 2024). Revenue: NT$851.6m (up 5.3% from FY 2024). Net income: NT$41.1m (down 59% from FY 2024). Profit margin: 4.8% (down from 12% 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 25% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.お知らせ • Feb 26Ligitek Electronics Co.,Ltd, Annual General Meeting, May 29, 2026Ligitek Electronics Co.,Ltd, Annual General Meeting, May 29, 2026. Location: no,238, po ai st., shulin district, new taipei city TaiwanNew Risk • Dec 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.New Risk • Nov 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% 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: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.032 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.38 (up from NT$0.032 loss in 3Q 2024). Revenue: NT$223.0m (up 9.8% from 3Q 2024). Net income: NT$41.4m (up NT$44.9m from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.Board Change • Oct 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kwan-Cheng Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.54 loss per share (vs NT$0.18 profit in 2Q 2024)Second quarter 2025 results: NT$0.54 loss per share (down from NT$0.18 profit in 2Q 2024). Revenue: NT$212.7m (up 5.6% from 2Q 2024). Net loss: NT$58.6m (down 398% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance.Declared Dividend • Jun 07Dividend increased to NT$0.90Dividend of NT$0.90 is 13% higher than last year. Ex-date: 20th June 2025 Payment date: 15th July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 37% EPS growth achieved over the last 5 years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.21 (vs NT$0.27 in 1Q 2024)First quarter 2025 results: EPS: NT$0.21 (down from NT$0.27 in 1Q 2024). Revenue: NT$198.7m (up 6.7% from 1Q 2024). Net income: NT$22.4m (down 25% from 1Q 2024). Profit margin: 11% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.お知らせ • May 06Ligitek Electronics Co.,Ltd to Report Q1, 2025 Results on May 13, 2025Ligitek Electronics Co.,Ltd announced that they will report Q1, 2025 results on May 13, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$44.20, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 137% over the past three years.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to NT$37.10, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 84% over the past three years.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 32%After last week's 32% share price gain to NT$67.30, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 191% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.91 (vs NT$0.58 in FY 2023)Full year 2024 results: EPS: NT$0.91 (up from NT$0.58 in FY 2023). Revenue: NT$809.1m (up 3.3% from FY 2023). Net income: NT$99.0m (up 57% from FY 2023). Profit margin: 12% (up from 8.0% in FY 2023). The increase in margin was primarily driven by higher revenue. 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 • Mar 14Ligitek Electronics Co.,Ltd, Annual General Meeting, May 28, 2025Ligitek Electronics Co.,Ltd, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,238, po ai st., shulin district, new taipei city Taiwanお知らせ • Mar 05Ligitek Electronics Co.,Ltd to Report Fiscal Year 2024 Results on Mar 12, 2025Ligitek Electronics Co.,Ltd announced that they will report fiscal year 2024 results on Mar 12, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.7% average weekly change).Reported Earnings • Nov 09Third quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.19 profit in 3Q 2023)Third quarter 2024 results: NT$0.03 loss per share (down from NT$0.19 profit in 3Q 2023). Revenue: NT$203.1m (up 14% from 3Q 2023). Net loss: NT$3.52m (down 117% from profit in 3Q 2023). 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.お知らせ • Oct 31Ligitek Electronics Co.,Ltd to Report Q3, 2024 Results on Nov 06, 2024Ligitek Electronics Co.,Ltd announced that they will report Q3, 2024 results on Nov 06, 2024Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$35.20, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 144% over the past three years.New Risk • Sep 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Cash payout ratio: 119% Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$26.15, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.41 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.18 (down from NT$0.41 in 2Q 2023). Revenue: NT$201.5m (up 1.9% from 2Q 2023). Net income: NT$19.6m (down 56% from 2Q 2023). Profit margin: 9.7% (down from 22% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Aug 03Ligitek Electronics Co.,Ltd to Report Q2, 2024 Results on Aug 13, 2024Ligitek Electronics Co.,Ltd announced that they will report Q2, 2024 results on Aug 13, 2024Declared Dividend • Jun 20Dividend reduced to NT$0.80Dividend of NT$0.80 is 33% lower than last year. Ex-date: 2nd July 2024 Payment date: 31st July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.3% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years.お知らせ • Jun 14Ligitek Electronics Co.,Ltd Approves Board AppointmentsLigitek Electronics Co.,Ltd announced that at its annual general meeting of shareholders held on June 12, 2024, Elected Directors: GTung, I-Hsin Chou, Wen-Tsung Liu, Yu-Chu¡ Wu, Chi-Chuan Yang, Chao-Yin; Elected Independent Director¡GLin, Kuan-Cheng¡ Li, Kuang-Hao¡ Huang, Cheng-Chu¡Yen, Wen-Chih.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.013 in 1Q 2023)First quarter 2024 results: EPS: NT$0.27 (up from NT$0.013 in 1Q 2023). Revenue: NT$186.2m (down 6.6% from 1Q 2023). Net income: NT$29.7m (up NT$28.3m from 1Q 2023). Profit margin: 16% (up from 0.7% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • May 09Ligitek Electronics Co.,Ltd to Report Q1, 2024 Results on May 14, 2024Ligitek Electronics Co.,Ltd announced that they will report Q1, 2024 results on May 14, 2024お知らせ • Mar 24Ligitek Electronics Co.,Ltd, Annual General Meeting, Jun 12, 2024Ligitek Electronics Co.,Ltd, Annual General Meeting, Jun 12, 2024.New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 102% 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 Dividend is not well covered by earnings (139% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (NT$2.27b market cap, or US$71.0m).Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.58 (vs NT$1.05 in FY 2022)Full year 2023 results: EPS: NT$0.58 (down from NT$1.05 in FY 2022). Revenue: NT$783.1m (down 7.0% from FY 2022). Net income: NT$62.9m (down 45% from FY 2022). Profit margin: 8.0% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Feb 01New 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (206% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (NT$2.49b market cap, or US$79.6m).Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$21.40, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 61% over the past three years.New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 64% 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 Dividend is not well covered by earnings (206% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (NT$2.07b market cap, or US$65.3m).New Risk • Aug 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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 Dividend is not well covered by earnings (132% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$1.95b market cap, or US$61.1m).Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.26 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (up from NT$0.26 in 2Q 2022). Revenue: NT$197.8m (down 4.6% from 2Q 2022). Net income: NT$44.3m (up 54% from 2Q 2022). Profit margin: 22% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.Buying Opportunity • Jun 30Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be NT$25.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 35%.Upcoming Dividend • Jun 24Upcoming dividend of NT$1.20 per share at 5.6% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).Reported Earnings • Mar 20Full year 2022 earnings released: EPS: NT$1.05 (vs NT$3.61 in FY 2021)Full year 2022 results: EPS: NT$1.05 (down from NT$3.61 in FY 2021). Revenue: NT$842.4m (down 25% from FY 2021). Net income: NT$114.6m (down 71% from FY 2021). Profit margin: 14% (down from 35% in FY 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.50, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 284% over the past three years.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$19.40, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 183% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.35 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.27 (down from NT$0.35 in 2Q 2021). Revenue: NT$207.3m (down 31% from 2Q 2021). Net income: NT$28.8m (down 24% from 2Q 2021). Profit margin: 14% (up from 13% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$17.80, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 119% over the past three years.Upcoming Dividend • Jun 20Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 61% and the cash payout ratio is 80%. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.3%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.47 in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (down from NT$0.47 in 1Q 2021). Revenue: NT$224.3m (down 19% from 1Q 2021). Net income: NT$32.1m (down 37% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$24.20, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 170% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.51 in 3Q 2020)The company reported a soft third quarter result with weaker earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: NT$271.9m (flat on 3Q 2020). Net income: NT$54.1m (down 2.7% from 3Q 2020). Profit margin: 20% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$0.34 (vs NT$0.36 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$298.1m (up 30% from 2Q 2020). Net income: NT$37.8m (down 5.8% from 2Q 2020). Profit margin: 13% (down from 17% in 2Q 2020). The decrease in margin was 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 17% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$19.65, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years.Upcoming Dividend • Aug 04Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 11 August 2021. Payment date: 31 August 2021. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$22.90, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years.Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.15, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 87% over the past three years.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.25, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 138% over the past three years.Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.23 (vs NT$0.62 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$946.6m (up 21% from FY 2019). Net income: NT$134.9m (up 90% from FY 2019). Profit margin: 14% (up from 9.1% 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 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.分析記事 • Feb 17Is Ligitek Electronics Co., Ltd. (GTSM:8111) A Smart Pick For Income Investors?Is Ligitek Electronics Co., Ltd. ( GTSM:8111 ) a good dividend stock? How can we tell? Dividend paying companies with...分析記事 • Jan 29Ligitek Electronics (GTSM:8111) Has A Rock Solid Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 20New 90-day low: NT$15.65The company is down 10.0% from its price of NT$17.45 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period.分析記事 • Jan 14Shareholders of Ligitek Electronics (GTSM:8111) Must Be Delighted With Their 348% Total ReturnFor many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...分析記事 • Dec 17What Do The Returns At Ligitek Electronics (GTSM:8111) Mean Going Forward?What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...分析記事 • Dec 02Ligitek Electronics Co., Ltd.'s (GTSM:8111) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Ligitek Electronics (GTSM:8111) has had a great run on the share market with its stock up by a significant 17% over the...分析記事 • Nov 18Ligitek Electronics (GTSM:8111) Is Growing Earnings But Are They A Good Guide?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.51The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$270.3m (up 42% from 3Q 2019). Net income: NT$55.6m (up NT$46.5m from 3Q 2019). Profit margin: 21% (up from 4.8% in 3Q 2019). The increase in margin was driven by higher revenue. 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 25% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Oct 14New 90-day high: NT$18.35The company is up 40% from its price of NT$13.10 on 16 July 2020. The Taiwanese market is up 5.0% 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.業績と収益の成長予測TPEX:8111 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202797173N/A88112/31/202692075N/A17113/31/20268483882115N/A12/31/202585241142178N/A9/30/202585358116140N/A6/30/202583313115137N/A3/31/202582292147168N/A12/31/202480999175190N/A9/30/2024798427691N/A6/30/2024774677385N/A3/31/20247709194107N/A12/31/202378363117128N/A9/30/202378664170176N/A6/30/202380899211215N/A3/31/202381784177196N/A12/31/2022842115206231N/A9/30/2022905368200232N/A6/30/2022976366148188N/A3/31/20221,067375122158N/A12/31/20211,119394-169N/A9/30/20211,1051697106N/A6/30/20211,10317150156N/A3/31/20211,03517327130N/A12/31/202094713580147N/A9/30/2020894102112148N/A6/30/20208155580106N/A3/31/202077819102123N/A12/31/201978171N/A137N/A9/30/201979477N/A106N/A6/30/201981470N/A150N/A3/31/201983771N/A123N/A12/31/2018914222N/A130N/A9/30/2018936214N/A412N/A6/30/2018954226N/A339N/A3/31/2018966225N/A385N/A12/31/201790811N/A340N/A9/30/201793619N/A-6N/A6/30/2017894-11N/A10N/A3/31/2017849-26N/A25N/A12/31/2016816-48N/A-6N/A9/30/2016724-76N/A35N/A6/30/2016723-72N/A48N/A3/31/2016750-80N/A30N/A12/31/2015784-92N/A41N/A9/30/2015840-85N/A72N/A6/30/2015911-83N/A26N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 8111の予測収益成長率 (年間30.8% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 8111の収益 ( 30.8% ) はTW市場 ( 26.1% ) よりも速いペースで成長すると予測されています。高成長収益: 8111の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 8111の収益 ( 7.6% ) TW市場 ( 18.6% ) よりも低い成長が予測されています。高い収益成長: 8111の収益 ( 7.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 8111の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance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2026/05/21 20:12終値2026/05/21 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Ligitek Electronics Co.,Ltd 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Changrong ChenCapital Securities CorporationZhilong YenMasterlink Securities Investment Advisory
Declared Dividend • May 18Dividend reduced to NT$0.60Dividend of NT$0.60 is 33% lower than last year. Ex-date: 11th June 2026 Payment date: 9th July 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (174% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 94% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.20 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (down from NT$0.20 in 1Q 2025). Revenue: NT$195.0m (down 1.8% from 1Q 2025). Net income: NT$18.9m (down 16% from 1Q 2025). Profit margin: 9.7% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
New Risk • Apr 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 8.7% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin).
New Risk • Mar 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin).
New Risk • Mar 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 12% 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 Earnings have declined by 33% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.8% net profit margin).
Reported Earnings • Mar 03Full year 2025 earnings released: EPS: NT$0.38 (vs NT$0.91 in FY 2024)Full year 2025 results: EPS: NT$0.38 (down from NT$0.91 in FY 2024). Revenue: NT$851.6m (up 5.3% from FY 2024). Net income: NT$41.1m (down 59% from FY 2024). Profit margin: 4.8% (down from 12% 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 25% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
お知らせ • Feb 26Ligitek Electronics Co.,Ltd, Annual General Meeting, May 29, 2026Ligitek Electronics Co.,Ltd, Annual General Meeting, May 29, 2026. Location: no,238, po ai st., shulin district, new taipei city Taiwan
New Risk • Dec 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
New Risk • Nov 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% 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: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.032 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.38 (up from NT$0.032 loss in 3Q 2024). Revenue: NT$223.0m (up 9.8% from 3Q 2024). Net income: NT$41.4m (up NT$44.9m from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.
Board Change • Oct 10Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Kwan-Cheng Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.54 loss per share (vs NT$0.18 profit in 2Q 2024)Second quarter 2025 results: NT$0.54 loss per share (down from NT$0.18 profit in 2Q 2024). Revenue: NT$212.7m (up 5.6% from 2Q 2024). Net loss: NT$58.6m (down 398% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance.
Declared Dividend • Jun 07Dividend increased to NT$0.90Dividend of NT$0.90 is 13% higher than last year. Ex-date: 20th June 2025 Payment date: 15th July 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 37% EPS growth achieved over the last 5 years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.21 (vs NT$0.27 in 1Q 2024)First quarter 2025 results: EPS: NT$0.21 (down from NT$0.27 in 1Q 2024). Revenue: NT$198.7m (up 6.7% from 1Q 2024). Net income: NT$22.4m (down 25% from 1Q 2024). Profit margin: 11% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 181% over the past three years.
お知らせ • May 06Ligitek Electronics Co.,Ltd to Report Q1, 2025 Results on May 13, 2025Ligitek Electronics Co.,Ltd announced that they will report Q1, 2025 results on May 13, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$44.20, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 137% over the past three years.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to NT$37.10, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 84% over the past three years.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 32%After last week's 32% share price gain to NT$67.30, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 191% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.91 (vs NT$0.58 in FY 2023)Full year 2024 results: EPS: NT$0.91 (up from NT$0.58 in FY 2023). Revenue: NT$809.1m (up 3.3% from FY 2023). Net income: NT$99.0m (up 57% from FY 2023). Profit margin: 12% (up from 8.0% in FY 2023). The increase in margin was primarily driven by higher revenue. 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 • Mar 14Ligitek Electronics Co.,Ltd, Annual General Meeting, May 28, 2025Ligitek Electronics Co.,Ltd, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,238, po ai st., shulin district, new taipei city Taiwan
お知らせ • Mar 05Ligitek Electronics Co.,Ltd to Report Fiscal Year 2024 Results on Mar 12, 2025Ligitek Electronics Co.,Ltd announced that they will report fiscal year 2024 results on Mar 12, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.7% average weekly change).
Reported Earnings • Nov 09Third quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.19 profit in 3Q 2023)Third quarter 2024 results: NT$0.03 loss per share (down from NT$0.19 profit in 3Q 2023). Revenue: NT$203.1m (up 14% from 3Q 2023). Net loss: NT$3.52m (down 117% from profit in 3Q 2023). 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.
お知らせ • Oct 31Ligitek Electronics Co.,Ltd to Report Q3, 2024 Results on Nov 06, 2024Ligitek Electronics Co.,Ltd announced that they will report Q3, 2024 results on Nov 06, 2024
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$35.20, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 144% over the past three years.
New Risk • Sep 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Cash payout ratio: 119% Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$26.15, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.41 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.18 (down from NT$0.41 in 2Q 2023). Revenue: NT$201.5m (up 1.9% from 2Q 2023). Net income: NT$19.6m (down 56% from 2Q 2023). Profit margin: 9.7% (down from 22% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Aug 03Ligitek Electronics Co.,Ltd to Report Q2, 2024 Results on Aug 13, 2024Ligitek Electronics Co.,Ltd announced that they will report Q2, 2024 results on Aug 13, 2024
Declared Dividend • Jun 20Dividend reduced to NT$0.80Dividend of NT$0.80 is 33% lower than last year. Ex-date: 2nd July 2024 Payment date: 31st July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.3% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years.
お知らせ • Jun 14Ligitek Electronics Co.,Ltd Approves Board AppointmentsLigitek Electronics Co.,Ltd announced that at its annual general meeting of shareholders held on June 12, 2024, Elected Directors: GTung, I-Hsin Chou, Wen-Tsung Liu, Yu-Chu¡ Wu, Chi-Chuan Yang, Chao-Yin; Elected Independent Director¡GLin, Kuan-Cheng¡ Li, Kuang-Hao¡ Huang, Cheng-Chu¡Yen, Wen-Chih.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.013 in 1Q 2023)First quarter 2024 results: EPS: NT$0.27 (up from NT$0.013 in 1Q 2023). Revenue: NT$186.2m (down 6.6% from 1Q 2023). Net income: NT$29.7m (up NT$28.3m from 1Q 2023). Profit margin: 16% (up from 0.7% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • May 09Ligitek Electronics Co.,Ltd to Report Q1, 2024 Results on May 14, 2024Ligitek Electronics Co.,Ltd announced that they will report Q1, 2024 results on May 14, 2024
お知らせ • Mar 24Ligitek Electronics Co.,Ltd, Annual General Meeting, Jun 12, 2024Ligitek Electronics Co.,Ltd, Annual General Meeting, Jun 12, 2024.
New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 102% 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 Dividend is not well covered by earnings (139% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (NT$2.27b market cap, or US$71.0m).
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.58 (vs NT$1.05 in FY 2022)Full year 2023 results: EPS: NT$0.58 (down from NT$1.05 in FY 2022). Revenue: NT$783.1m (down 7.0% from FY 2022). Net income: NT$62.9m (down 45% from FY 2022). Profit margin: 8.0% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Feb 01New 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (206% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (NT$2.49b market cap, or US$79.6m).
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$21.40, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 61% over the past three years.
New Risk • Nov 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 64% 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 Dividend is not well covered by earnings (206% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (NT$2.07b market cap, or US$65.3m).
New Risk • Aug 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% 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 Dividend is not well covered by earnings (132% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$1.95b market cap, or US$61.1m).
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.26 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.41 (up from NT$0.26 in 2Q 2022). Revenue: NT$197.8m (down 4.6% from 2Q 2022). Net income: NT$44.3m (up 54% from 2Q 2022). Profit margin: 22% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.
Buying Opportunity • Jun 30Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be NT$25.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 35%.
Upcoming Dividend • Jun 24Upcoming dividend of NT$1.20 per share at 5.6% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).
Reported Earnings • Mar 20Full year 2022 earnings released: EPS: NT$1.05 (vs NT$3.61 in FY 2021)Full year 2022 results: EPS: NT$1.05 (down from NT$3.61 in FY 2021). Revenue: NT$842.4m (down 25% from FY 2021). Net income: NT$114.6m (down 71% from FY 2021). Profit margin: 14% (down from 35% in FY 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.50, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 284% over the past three years.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$19.40, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 183% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.35 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.27 (down from NT$0.35 in 2Q 2021). Revenue: NT$207.3m (down 31% from 2Q 2021). Net income: NT$28.8m (down 24% from 2Q 2021). Profit margin: 14% (up from 13% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$17.80, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 119% over the past three years.
Upcoming Dividend • Jun 20Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 61% and the cash payout ratio is 80%. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.3%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.47 in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (down from NT$0.47 in 1Q 2021). Revenue: NT$224.3m (down 19% from 1Q 2021). Net income: NT$32.1m (down 37% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$24.20, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 170% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.51 in 3Q 2020)The company reported a soft third quarter result with weaker earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: NT$271.9m (flat on 3Q 2020). Net income: NT$54.1m (down 2.7% from 3Q 2020). Profit margin: 20% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$0.34 (vs NT$0.36 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$298.1m (up 30% from 2Q 2020). Net income: NT$37.8m (down 5.8% from 2Q 2020). Profit margin: 13% (down from 17% in 2Q 2020). The decrease in margin was 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 17% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$19.65, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years.
Upcoming Dividend • Aug 04Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 11 August 2021. Payment date: 31 August 2021. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$22.90, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.15, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 87% over the past three years.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$23.25, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 138% over the past three years.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.23 (vs NT$0.62 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$946.6m (up 21% from FY 2019). Net income: NT$134.9m (up 90% from FY 2019). Profit margin: 14% (up from 9.1% 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 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
分析記事 • Feb 17Is Ligitek Electronics Co., Ltd. (GTSM:8111) A Smart Pick For Income Investors?Is Ligitek Electronics Co., Ltd. ( GTSM:8111 ) a good dividend stock? How can we tell? Dividend paying companies with...
分析記事 • Jan 29Ligitek Electronics (GTSM:8111) Has A Rock Solid Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 20New 90-day low: NT$15.65The company is down 10.0% from its price of NT$17.45 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period.
分析記事 • Jan 14Shareholders of Ligitek Electronics (GTSM:8111) Must Be Delighted With Their 348% Total ReturnFor many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality...
分析記事 • Dec 17What Do The Returns At Ligitek Electronics (GTSM:8111) Mean Going Forward?What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
分析記事 • Dec 02Ligitek Electronics Co., Ltd.'s (GTSM:8111) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Ligitek Electronics (GTSM:8111) has had a great run on the share market with its stock up by a significant 17% over the...
分析記事 • Nov 18Ligitek Electronics (GTSM:8111) Is Growing Earnings But Are They A Good Guide?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.51The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$270.3m (up 42% from 3Q 2019). Net income: NT$55.6m (up NT$46.5m from 3Q 2019). Profit margin: 21% (up from 4.8% in 3Q 2019). The increase in margin was driven by higher revenue. 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 25% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Oct 14New 90-day high: NT$18.35The company is up 40% from its price of NT$13.10 on 16 July 2020. The Taiwanese market is up 5.0% 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.