View Past PerformanceJetwell Computer バランスシートの健全性財務の健全性 基準チェック /66Jetwell Computerの総株主資本はNT$1.6B 、総負債はNT$1.0Bで、負債比率は65%となります。総資産と総負債はそれぞれNT$4.7BとNT$3.1Bです。 Jetwell Computerの EBIT はNT$528.4Mで、利息カバレッジ比率-307.2です。現金および短期投資はNT$563.2Mです。主要情報65.02%負債資本比率NT$1.04b負債インタレスト・カバレッジ・レシオ-307.2x現金NT$563.23mエクイティNT$1.60b負債合計NT$3.13b総資産NT$4.73b財務の健全性に関する最新情報分析記事 • Feb 01Is Jetwell Computer (GTSM:3147) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updatesReported Earnings • May 12First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$3.16 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00. Revenue: NT$2.99b (down 5.1% from 1Q 2025). Net income: NT$159.8m (up 16% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.43 (vs NT$10.66 in FY 2024)Full year 2025 results: EPS: NT$8.43 (down from NT$10.66 in FY 2024). Revenue: NT$8.17b (up 64% from FY 2024). Net income: NT$368.4m (down 21% from FY 2024). Profit margin: 4.5% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05Jetwell Computer Co., Ltd., Annual General Meeting, May 27, 2026Jetwell Computer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 20- floor no,502, chiu ju 1st rd., kaohsiung city TaiwanValuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$194, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 240% over the past three years.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.32 (vs NT$1.35 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.32 (up from NT$1.35 in 3Q 2024). Revenue: NT$1.64b (up 18% from 3Q 2024). Net income: NT$101.5m (up 73% from 3Q 2024). Profit margin: 6.2% (up from 4.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$194, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 366% over the past three years.New Risk • Aug 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$229, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 372% over the past three years.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.49 (vs NT$1.83 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.49 (down from NT$1.83 in 2Q 2024). Revenue: NT$1.31b (up 35% from 2Q 2024). Net income: NT$19.3m (down 73% from 2Q 2024). Profit margin: 1.5% (down from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 06Dividend of NT$5.00 announcedDividend of NT$5.00 is the same as last year. Ex-date: 19th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$3.54 (vs NT$2.03 in 1Q 2024)First quarter 2025 results: EPS: NT$3.54 (up from NT$2.03 in 1Q 2024). Revenue: NT$3.15b (up 212% from 1Q 2024). Net income: NT$138.0m (up 74% from 1Q 2024). Profit margin: 4.4% (down from 7.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to NT$138, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 261% over the past three years.New Risk • Mar 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$11.94 (vs NT$7.38 in FY 2023)Full year 2024 results: EPS: NT$11.94 (up from NT$7.38 in FY 2023). Revenue: NT$4.97b (up 25% from FY 2023). Net income: NT$465.8m (up 62% from FY 2023). Profit margin: 9.4% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 06Jetwell Computer Co., Ltd., Annual General Meeting, May 29, 2025Jetwell Computer Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,1163, min tsu 1st rd., kaohsiung city TaiwanValuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$209, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 476% over the past three years.New Risk • Feb 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 8.1% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Dividend is not well covered by cash flows (190% cash payout ratio).Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$153, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 274% over the past three years.Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$186, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 345% over the past three years.New Risk • Dec 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (190% cash payout ratio).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.51 (vs NT$2.86 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.51 (down from NT$2.86 in 3Q 2023). Revenue: NT$1.39b (up 37% from 3Q 2023). Net income: NT$58.8m (down 47% from 3Q 2023). Profit margin: 4.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$159, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 278% over the past three years.New Risk • Aug 28New 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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change).New Risk • Aug 26New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.83 (vs NT$2.16 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.83 (down from NT$2.16 in 2Q 2023). Revenue: NT$969.4m (down 8.5% from 2Q 2023). Net income: NT$71.2m (down 16% from 2Q 2023). Profit margin: 7.3% (down from 8.0% in 2Q 2023). The decrease in margin was driven by lower 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 38% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 13Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 20 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.5%). In line with average of industry peers (4.2%).Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$107, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 17x in the IT industry in Taiwan. Total returns to shareholders of 126% over the past three years.Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: NT$1.01b (up 29% from 1Q 2023). Net income: NT$79.3m (up 162% from 1Q 2023). Profit margin: 7.9% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • Mar 29Full year 2023 earnings released: EPS: NT$7.38 (vs NT$6.88 in FY 2022)Full year 2023 results: EPS: NT$7.38 (up from NT$6.88 in FY 2022). Revenue: NT$3.99b (up 15% from FY 2022). Net income: NT$287.8m (up 7.3% from FY 2022). Profit margin: 7.2% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$145, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 359% over the past three years.お知らせ • Feb 24Jetwell Computer Co., Ltd., Annual General Meeting, May 24, 2024Jetwell Computer Co., Ltd., Annual General Meeting, May 24, 2024.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$115, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 313% over the past three years.New Risk • Dec 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share).Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$92.40, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 278% over the past three years.New Risk • Nov 15New 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 5.5% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (5.5% average weekly change).Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$2.86 (vs NT$1.93 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.86 (up from NT$1.93 in 3Q 2022). Revenue: NT$1.01b (up 26% from 3Q 2022). Net income: NT$111.5m (up 48% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.67b market cap, or US$83.9m).Upcoming Dividend • Aug 17Upcoming dividend of NT$4.50 per share at 5.9% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.9%).New Risk • Aug 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.96b market cap, or US$93.0m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$2.16 (vs NT$2.46 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.16 (down from NT$2.46 in 2Q 2022). Revenue: NT$1.06b (flat on 2Q 2022). Net income: NT$84.4m (down 12% from 2Q 2022). Profit margin: 8.0% (down from 9.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year.New Risk • Jul 20New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Dividend is not well covered by cash flows (156% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.97b market cap, or US$95.6m).Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 173% over the past three years.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$6.88 (vs NT$4.94 in FY 2021)Full year 2022 results: EPS: NT$6.88 (up from NT$4.94 in FY 2021). Revenue: NT$3.47b (down 26% from FY 2021). Net income: NT$268.2m (up 52% from FY 2021). Profit margin: 7.7% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 32% per year.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$71.80, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 178% over the past three years.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.93 (vs NT$1.41 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.93 (up from NT$1.41 in 3Q 2021). Revenue: NT$804.7m (down 41% from 3Q 2021). Net income: NT$75.3m (up 49% from 3Q 2021). Profit margin: 9.4% (up from 3.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$2.46 (vs NT$1.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.46 (up from NT$1.41 in 2Q 2021). Revenue: NT$1.07b (down 3.6% from 2Q 2021). Net income: NT$96.0m (up 101% from 2Q 2021). Profit margin: 9.0% (up from 4.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 09Now 22% undervaluedOver the last 90 days, the stock is up 26%. The fair value is estimated to be NT$70.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$50.00, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 60% over the past three years.Upcoming Dividend • Jul 12Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 12 August 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (5.1%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$3.20 (vs NT$1.47 in 1Q 2021)First quarter 2022 results: EPS: NT$3.20 (up from NT$1.47 in 1Q 2021). Revenue: NT$781.6m (down 15% from 1Q 2021). Net income: NT$62.4m (up 25% from 1Q 2021). Profit margin: 8.0% (up from 5.5% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$4.94 (vs NT$3.35 in FY 2020)Full year 2021 results: EPS: NT$4.94 (up from NT$3.35 in FY 2020). Revenue: NT$4.66b (up 81% from FY 2020). Net income: NT$176.4m (up 55% from FY 2020). Profit margin: 3.8% (down from 4.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$1.41 (vs NT$0.63 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.35b (up 135% from 3Q 2020). Net income: NT$50.6m (up 135% from 3Q 2020). Profit margin: 3.7% (in line with 3Q 2020). 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 39% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$1.41 (vs NT$0.48 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.11b (up 78% from 2Q 2020). Net income: NT$47.9m (up 194% from 2Q 2020). Profit margin: 4.3% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 16Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 13 August 2021. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.68 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$915.7m (up 72% from 1Q 2020). Net income: NT$50.1m (up 118% from 1Q 2020). Profit margin: 5.5% (up from 4.3% in 1Q 2020). The increase in margin was driven by higher revenue. 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 21% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$54.70, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 167% over the past three years.分析記事 • Apr 16Investors In Jetwell Computer Co., Ltd. (GTSM:3147) Should Consider This, FirstCould Jetwell Computer Co., Ltd. ( GTSM:3147 ) be an attractive dividend share to own for the long haul? Investors are...分析記事 • Mar 30Returns At Jetwell Computer (GTSM:3147) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$3.35 (vs NT$3.37 in FY 2019)The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2020 results: Revenue: NT$2.58b (down 19% from FY 2019). Net income: NT$113.8m (flat on FY 2019). Profit margin: 4.4% (up from 3.6% in FY 2019). The increase in margin was driven by lower 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 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 17Jetwell Computer Co., Ltd., Annual General Meeting, Jun 10, 2021Jetwell Computer Co., Ltd., Annual General Meeting, Jun 10, 2021.分析記事 • Mar 12Jetwell Computer (GTSM:3147) Has Gifted Shareholders With A Fantastic 196% Total Return On Their InvestmentWhen you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really...Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$43.00, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 16x in the IT industry in Taiwan. Total returns to shareholders over the past three years are 113%.分析記事 • Feb 20Are Jetwell Computer's (GTSM:3147) Statutory Earnings A Good Reflection Of Its Earnings Potential?Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a...Is New 90 Day High Low • Feb 18New 90-day high: NT$34.50The company is up 13% from its price of NT$30.40 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 4.0% over the same period.分析記事 • Feb 01Is Jetwell Computer (GTSM:3147) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jan 14Here's What You Should Know About Jetwell Computer Co., Ltd.'s (GTSM:3147) 6.3% Dividend YieldToday we'll take a closer look at Jetwell Computer Co., Ltd. ( GTSM:3147 ) from a dividend investor's perspective...Is New 90 Day High Low • Jan 12New 90-day high: NT$33.15The company is up 16% from its price of NT$28.50 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 6.0% over the same period.分析記事 • Dec 27Should We Be Excited About The Trends Of Returns At Jetwell Computer (GTSM:3147)?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Dec 09Declining Stock and Decent Financials: Is The Market Wrong About Jetwell Computer Co., Ltd. (GTSM:3147)?Jetwell Computer (GTSM:3147) has had a rough three months with its share price down 4.8%. However, the company's...分析記事 • Nov 21Are Jetwell Computer's (GTSM:3147) Statutory Earnings A Good Reflection Of Its Earnings Potential?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$0.63The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$575.8m (down 27% from 3Q 2019). Net income: NT$21.5m (down 22% from 3Q 2019). Profit margin: 3.7% (up from 3.5% in 3Q 2019). 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 18% per year.Is New 90 Day High Low • Oct 12New 90-day low: NT$28.70The company is down 18% from its price of NT$35.05 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period.Is New 90 Day High Low • Sep 19New 90-day low: NT$31.00The company is down 12% from its price of NT$35.35 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period.財務状況分析短期負債: 3147の 短期資産 ( NT$4.1B ) が 短期負債 ( NT$3.1B ) を超えています。長期負債: 3147の短期資産 ( NT$4.1B ) が 長期負債 ( NT$23.6M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3147の 純負債対資本比率 ( 29.9% ) は 満足できる 水準であると考えられます。負債の削減: 3147の負債対資本比率は、過去 5 年間で102.4%から65%に減少しました。債務返済能力: 3147の負債は 営業キャッシュフロー によって 十分にカバー されています ( 67.8% )。インタレストカバレッジ: 3147支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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 10:48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Jetwell Computer Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Feb 01Is Jetwell Computer (GTSM:3147) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$3.16 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00. Revenue: NT$2.99b (down 5.1% from 1Q 2025). Net income: NT$159.8m (up 16% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.43 (vs NT$10.66 in FY 2024)Full year 2025 results: EPS: NT$8.43 (down from NT$10.66 in FY 2024). Revenue: NT$8.17b (up 64% from FY 2024). Net income: NT$368.4m (down 21% from FY 2024). Profit margin: 4.5% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05Jetwell Computer Co., Ltd., Annual General Meeting, May 27, 2026Jetwell Computer Co., Ltd., Annual General Meeting, May 27, 2026. Location: 20- floor no,502, chiu ju 1st rd., kaohsiung city Taiwan
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$194, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 240% over the past three years.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.32 (vs NT$1.35 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.32 (up from NT$1.35 in 3Q 2024). Revenue: NT$1.64b (up 18% from 3Q 2024). Net income: NT$101.5m (up 73% from 3Q 2024). Profit margin: 6.2% (up from 4.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$194, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 366% over the past three years.
New Risk • Aug 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$229, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 372% over the past three years.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.49 (vs NT$1.83 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.49 (down from NT$1.83 in 2Q 2024). Revenue: NT$1.31b (up 35% from 2Q 2024). Net income: NT$19.3m (down 73% from 2Q 2024). Profit margin: 1.5% (down from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 06Dividend of NT$5.00 announcedDividend of NT$5.00 is the same as last year. Ex-date: 19th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$3.54 (vs NT$2.03 in 1Q 2024)First quarter 2025 results: EPS: NT$3.54 (up from NT$2.03 in 1Q 2024). Revenue: NT$3.15b (up 212% from 1Q 2024). Net income: NT$138.0m (up 74% from 1Q 2024). Profit margin: 4.4% (down from 7.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to NT$138, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 261% over the past three years.
New Risk • Mar 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$11.94 (vs NT$7.38 in FY 2023)Full year 2024 results: EPS: NT$11.94 (up from NT$7.38 in FY 2023). Revenue: NT$4.97b (up 25% from FY 2023). Net income: NT$465.8m (up 62% from FY 2023). Profit margin: 9.4% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 06Jetwell Computer Co., Ltd., Annual General Meeting, May 29, 2025Jetwell Computer Co., Ltd., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,1163, min tsu 1st rd., kaohsiung city Taiwan
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$209, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 476% over the past three years.
New Risk • Feb 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 8.1% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Dividend is not well covered by cash flows (190% cash payout ratio).
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$153, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 274% over the past three years.
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$186, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 345% over the past three years.
New Risk • Dec 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (190% cash payout ratio).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.51 (vs NT$2.86 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.51 (down from NT$2.86 in 3Q 2023). Revenue: NT$1.39b (up 37% from 3Q 2023). Net income: NT$58.8m (down 47% from 3Q 2023). Profit margin: 4.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$159, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 278% over the past three years.
New Risk • Aug 28New 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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change).
New Risk • Aug 26New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.83 (vs NT$2.16 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.83 (down from NT$2.16 in 2Q 2023). Revenue: NT$969.4m (down 8.5% from 2Q 2023). Net income: NT$71.2m (down 16% from 2Q 2023). Profit margin: 7.3% (down from 8.0% in 2Q 2023). The decrease in margin was driven by lower 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 38% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 13Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 20 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.5%). In line with average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$107, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 17x in the IT industry in Taiwan. Total returns to shareholders of 126% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: NT$1.01b (up 29% from 1Q 2023). Net income: NT$79.3m (up 162% from 1Q 2023). Profit margin: 7.9% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: NT$7.38 (vs NT$6.88 in FY 2022)Full year 2023 results: EPS: NT$7.38 (up from NT$6.88 in FY 2022). Revenue: NT$3.99b (up 15% from FY 2022). Net income: NT$287.8m (up 7.3% from FY 2022). Profit margin: 7.2% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$145, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 359% over the past three years.
お知らせ • Feb 24Jetwell Computer Co., Ltd., Annual General Meeting, May 24, 2024Jetwell Computer Co., Ltd., Annual General Meeting, May 24, 2024.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$115, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 313% over the past three years.
New Risk • Dec 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share).
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$92.40, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 278% over the past three years.
New Risk • Nov 15New 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 5.5% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (5.5% average weekly change).
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$2.86 (vs NT$1.93 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.86 (up from NT$1.93 in 3Q 2022). Revenue: NT$1.01b (up 26% from 3Q 2022). Net income: NT$111.5m (up 48% from 3Q 2022). Profit margin: 11% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.67b market cap, or US$83.9m).
Upcoming Dividend • Aug 17Upcoming dividend of NT$4.50 per share at 5.9% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.9%).
New Risk • Aug 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.96b market cap, or US$93.0m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$2.16 (vs NT$2.46 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.16 (down from NT$2.46 in 2Q 2022). Revenue: NT$1.06b (flat on 2Q 2022). Net income: NT$84.4m (down 12% from 2Q 2022). Profit margin: 8.0% (down from 9.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year.
New Risk • Jul 20New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Dividend is not well covered by cash flows (156% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.97b market cap, or US$95.6m).
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 173% over the past three years.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$6.88 (vs NT$4.94 in FY 2021)Full year 2022 results: EPS: NT$6.88 (up from NT$4.94 in FY 2021). Revenue: NT$3.47b (down 26% from FY 2021). Net income: NT$268.2m (up 52% from FY 2021). Profit margin: 7.7% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 32% per year.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$71.80, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 178% over the past three years.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.93 (vs NT$1.41 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.93 (up from NT$1.41 in 3Q 2021). Revenue: NT$804.7m (down 41% from 3Q 2021). Net income: NT$75.3m (up 49% from 3Q 2021). Profit margin: 9.4% (up from 3.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$2.46 (vs NT$1.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.46 (up from NT$1.41 in 2Q 2021). Revenue: NT$1.07b (down 3.6% from 2Q 2021). Net income: NT$96.0m (up 101% from 2Q 2021). Profit margin: 9.0% (up from 4.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 09Now 22% undervaluedOver the last 90 days, the stock is up 26%. The fair value is estimated to be NT$70.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$50.00, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 18x in the IT industry in Taiwan. Total returns to shareholders of 60% over the past three years.
Upcoming Dividend • Jul 12Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 12 August 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 8.6%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (5.1%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$3.20 (vs NT$1.47 in 1Q 2021)First quarter 2022 results: EPS: NT$3.20 (up from NT$1.47 in 1Q 2021). Revenue: NT$781.6m (down 15% from 1Q 2021). Net income: NT$62.4m (up 25% from 1Q 2021). Profit margin: 8.0% (up from 5.5% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$4.94 (vs NT$3.35 in FY 2020)Full year 2021 results: EPS: NT$4.94 (up from NT$3.35 in FY 2020). Revenue: NT$4.66b (up 81% from FY 2020). Net income: NT$176.4m (up 55% from FY 2020). Profit margin: 3.8% (down from 4.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$1.41 (vs NT$0.63 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.35b (up 135% from 3Q 2020). Net income: NT$50.6m (up 135% from 3Q 2020). Profit margin: 3.7% (in line with 3Q 2020). 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 39% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$1.41 (vs NT$0.48 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.11b (up 78% from 2Q 2020). Net income: NT$47.9m (up 194% from 2Q 2020). Profit margin: 4.3% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 16Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 23 July 2021. Payment date: 13 August 2021. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.47 (vs NT$0.68 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$915.7m (up 72% from 1Q 2020). Net income: NT$50.1m (up 118% from 1Q 2020). Profit margin: 5.5% (up from 4.3% in 1Q 2020). The increase in margin was driven by higher revenue. 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 21% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$54.70, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 167% over the past three years.
分析記事 • Apr 16Investors In Jetwell Computer Co., Ltd. (GTSM:3147) Should Consider This, FirstCould Jetwell Computer Co., Ltd. ( GTSM:3147 ) be an attractive dividend share to own for the long haul? Investors are...
分析記事 • Mar 30Returns At Jetwell Computer (GTSM:3147) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$3.35 (vs NT$3.37 in FY 2019)The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2020 results: Revenue: NT$2.58b (down 19% from FY 2019). Net income: NT$113.8m (flat on FY 2019). Profit margin: 4.4% (up from 3.6% in FY 2019). The increase in margin was driven by lower 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 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 17Jetwell Computer Co., Ltd., Annual General Meeting, Jun 10, 2021Jetwell Computer Co., Ltd., Annual General Meeting, Jun 10, 2021.
分析記事 • Mar 12Jetwell Computer (GTSM:3147) Has Gifted Shareholders With A Fantastic 196% Total Return On Their InvestmentWhen you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really...
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$43.00, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 16x in the IT industry in Taiwan. Total returns to shareholders over the past three years are 113%.
分析記事 • Feb 20Are Jetwell Computer's (GTSM:3147) Statutory Earnings A Good Reflection Of Its Earnings Potential?Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a...
Is New 90 Day High Low • Feb 18New 90-day high: NT$34.50The company is up 13% from its price of NT$30.40 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 4.0% over the same period.
分析記事 • Feb 01Is Jetwell Computer (GTSM:3147) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jan 14Here's What You Should Know About Jetwell Computer Co., Ltd.'s (GTSM:3147) 6.3% Dividend YieldToday we'll take a closer look at Jetwell Computer Co., Ltd. ( GTSM:3147 ) from a dividend investor's perspective...
Is New 90 Day High Low • Jan 12New 90-day high: NT$33.15The company is up 16% from its price of NT$28.50 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 6.0% over the same period.
分析記事 • Dec 27Should We Be Excited About The Trends Of Returns At Jetwell Computer (GTSM:3147)?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Dec 09Declining Stock and Decent Financials: Is The Market Wrong About Jetwell Computer Co., Ltd. (GTSM:3147)?Jetwell Computer (GTSM:3147) has had a rough three months with its share price down 4.8%. However, the company's...
分析記事 • Nov 21Are Jetwell Computer's (GTSM:3147) Statutory Earnings A Good Reflection Of Its Earnings Potential?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...
Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$0.63The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$575.8m (down 27% from 3Q 2019). Net income: NT$21.5m (down 22% from 3Q 2019). Profit margin: 3.7% (up from 3.5% in 3Q 2019). 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 18% per year.
Is New 90 Day High Low • Oct 12New 90-day low: NT$28.70The company is down 18% from its price of NT$35.05 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Sep 19New 90-day low: NT$31.00The company is down 12% from its price of NT$35.35 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period.