View Past PerformanceMetaage バランスシートの健全性財務の健全性 基準チェック /36Metaageの総株主資本はNT$5.1B 、総負債はNT$3.9Bで、負債比率は77.2%となります。総資産と総負債はそれぞれNT$15.4BとNT$10.3Bです。 Metaageの EBIT はNT$611.7Mで、利息カバレッジ比率10.9です。現金および短期投資はNT$1.3Bです。主要情報77.24%負債資本比率NT$3.93b負債インタレスト・カバレッジ・レシオ10.9x現金NT$1.35bエクイティNT$5.09b負債合計NT$10.27b総資産NT$15.36b財務の健全性に関する最新情報分析記事 • Mar 30Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Nov 23Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyLegendary 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 updatesNew Risk • May 07New 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.30 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (down from NT$0.30 in 1Q 2025). Revenue: NT$6.02b (up 27% from 1Q 2025). Net income: NT$32.8m (down 41% from 1Q 2025). Profit margin: 0.5% (down from 1.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.New Risk • Mar 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 91% Dividend yield: 3.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (91% payout ratio).Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$1.82 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$1.82 (up from NT$0.60 in FY 2024). Revenue: NT$21.8b (up 19% from FY 2024). Net income: NT$342.7m (up 202% from FY 2024). Profit margin: 1.6% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Mar 05Metaage Corporation, Annual General Meeting, May 26, 2026Metaage Corporation, Annual General Meeting, May 26, 2026. Location: 3 floor no,168, ching yeh 4th rd., jhongshan district, taipei city TaiwanReported Earnings • Oct 28Third quarter 2025 earnings released: EPS: NT$0.77 (vs NT$0.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.77 (up from NT$0.22 in 3Q 2024). Revenue: NT$5.64b (up 31% from 3Q 2024). Net income: NT$145.9m (up 256% from 3Q 2024). Profit margin: 2.6% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.005 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (up from NT$0.005 in 2Q 2024). Revenue: NT$5.86b (up 33% from 2Q 2024). Net income: NT$25.1m (up NT$24.3m from 2Q 2024). Profit margin: 0.4% (up from 0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Declared Dividend • Jul 03Dividend reduced to NT$0.60Dividend of NT$0.60 is 78% lower than last year. Ex-date: 17th July 2025 Payment date: 13th August 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • Apr 23Metaage Corporation to Report Q1, 2025 Results on Apr 28, 2025Metaage Corporation announced that they will report Q1, 2025 results on Apr 28, 2025Buy Or Sell Opportunity • Apr 09Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to NT$35.75. The fair value is estimated to be NT$47.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 13%.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$48.10, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 41% over the past three years.分析記事 • Mar 31A Look At The Fair Value Of Metaage Corporation (TWSE:6112)Key Insights The projected fair value for Metaage is NT$50.32 based on 2 Stage Free Cash Flow to Equity Metaage's...分析記事 • Mar 05Earnings Troubles May Signal Larger Issues for Metaage (TWSE:6112) ShareholdersInvestors were disappointed by Metaage Corporation's ( TWSE:6112 ) latest earnings release. Our analysis has found some...New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 4.3% 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 (0.6% net profit margin).Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$0.60 (vs NT$3.15 in FY 2023)Full year 2024 results: EPS: NT$0.60 (down from NT$3.15 in FY 2023). Revenue: NT$18.4b (down 7.2% from FY 2023). Net income: NT$113.6m (down 81% from FY 2023). Profit margin: 0.6% (down from 3.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Feb 27Metaage Corporation, Annual General Meeting, May 27, 2025Metaage Corporation, Annual General Meeting, May 27, 2025. Location: 3 floor no,168, ching yeh 4th rd., jhongshan district, taipei city Taiwanお知らせ • Feb 19Metaage Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Metaage Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$67.70, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 97% over the past three years.New Risk • Feb 03New 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 8.0% 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 (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Dividend is not well covered by earnings (168% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).分析記事 • Feb 03Optimistic Investors Push Metaage Corporation (TWSE:6112) Shares Up 25% But Growth Is LackingMetaage Corporation ( TWSE:6112 ) shares have continued their recent momentum with a 25% gain in the last month alone...お知らせ • Jan 14Metaage Corporation Announces Change in PresidentOn January 13, 2025, Metaage Corporation Announced Change in President. Name of the previous position holder: Joshua Tzeng. Resume of the previous position holder: Chairperson and President of Metaage Corporation. Name of the new position holder: Jason Shih. Resume of the new position holder: President of Product Center of Metaage Corporation. Reason for the change: New appointment. Effective date of the new appointment: February 1, 2025. The Board of Directors approved the appointment of president of the company on January 13, 2025.Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$56.90, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 70% over the past three years.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 Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change).New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (168% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).分析記事 • Dec 06Subdued Growth No Barrier To Metaage Corporation (TWSE:6112) With Shares Advancing 30%Metaage Corporation ( TWSE:6112 ) shareholders have had their patience rewarded with a 30% share price jump in the last...Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$59.90, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 77% over the past three years.Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.71 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.22 (down from NT$0.71 in 3Q 2023). Revenue: NT$4.30b (up 19% from 3Q 2023). Net income: NT$40.9m (down 70% from 3Q 2023). Profit margin: 1.0% (down from 3.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% 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 • Oct 26Metaage Corporation to Report Q3, 2024 Results on Nov 04, 2024Metaage Corporation announced that they will report Q3, 2024 results on Nov 04, 2024分析記事 • Aug 11Weak Statutory Earnings May Not Tell The Whole Story For Metaage (TWSE:6112)Investors were disappointed by Metaage Corporation's ( TWSE:6112 ) latest earnings release. We did some further digging...分析記事 • Aug 06Metaage Corporation (TWSE:6112) Shares May Have Slumped 29% But Getting In Cheap Is Still UnlikelyMetaage Corporation ( TWSE:6112 ) shareholders won't be pleased to see that the share price has had a very rough month...分析記事 • Aug 04There Are Reasons To Feel Uneasy About Metaage's (TWSE:6112) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$0.005 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.005 (down from NT$0.87 in 2Q 2023). Revenue: NT$4.42b (up 24% from 2Q 2023). Net income: NT$870.0k (down 100% from 2Q 2023). Profit margin: 0% (down from 4.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Aug 01Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.9% to NT$60.00. The fair value is estimated to be NT$48.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat.お知らせ • Jul 25Metaage Corporation to Report Q2, 2024 Results on Aug 01, 2024Metaage Corporation announced that they will report Q2, 2024 results on Aug 01, 2024分析記事 • Jul 03Metaage's (TWSE:6112) Dividend Will Be Increased To NT$2.75Metaage Corporation ( TWSE:6112 ) will increase its dividend from last year's comparable payment on the 13th of August...Declared Dividend • Jul 03Dividend increased to NT$2.75Dividend of NT$2.75 is 38% higher than last year. Ex-date: 17th July 2024 Payment date: 13th August 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (448% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.0% to bring the payout ratio under control, which is less than the 3.4% EPS growth achieved over the last 5 years.お知らせ • Jul 02Metaage Corporation Approves Cash Dividend, Payable on August 13, 2024Metaage Corporation approved cash dividends to common shareholders of TWD 517,982,674 by earnings distribution (TWD 2.75 per share). Date of the resolution by the board of directors or shareholders meeting or decision by the company is July 1, 2024. Ex-rights (ex-dividend) trading date is July 7, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of common stock cash dividend distribution is August 13, 2024.New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.9% 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 (4.9% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (448% cash payout ratio).Buy Or Sell Opportunity • May 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to NT$58.40. The fair value is estimated to be NT$73.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat.Reported Earnings • May 02First quarter 2024 earnings released: EPS: NT$1.02 (vs NT$1.17 in 1Q 2023)First quarter 2024 results: EPS: NT$1.02 (down from NT$1.17 in 1Q 2023). Revenue: NT$4.75b (up 40% from 1Q 2023). Net income: NT$191.6m (down 13% from 1Q 2023). Profit margin: 4.0% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Apr 25Metaage Corporation to Report Q1, 2024 Results on Apr 30, 2024Metaage Corporation announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$3.14 (vs NT$2.19 in FY 2022)Full year 2023 results: EPS: NT$3.14 (up from NT$2.19 in FY 2022). Revenue: NT$19.8b (up 64% from FY 2022). Net income: NT$586.6m (up 42% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Mar 01Metaage Corporation, Annual General Meeting, May 31, 2024Metaage Corporation, Annual General Meeting, May 31, 2024. Location: 3F, No. 168, Jingye 4th Rd., Zhongshan Dist (Area C of Grand Victoria Hotel) Taipei City Taiwan Agenda: To consider Report of 2023 business; to consider Audit Committee's review report; to consider the 2023 Distribution of employees & board of directors' remuneration; to consider the 2023 Distribution of 2023 profits in cash dividends; to accept the 2023 Business Report and Financial Statements; to accept the proposal for distribution of 2023 profits; and to consider other matters.New Risk • Feb 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change).New Risk • Dec 07New 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 5.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$77.00, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 108% over the past three years.Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$0.52 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (up from NT$0.52 in 2Q 2022). Revenue: NT$3.57b (up 18% from 2Q 2022). Net income: NT$163.4m (up 68% from 2Q 2022). Profit margin: 4.6% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$78.10, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 128% over the past three years.Upcoming Dividend • Jul 12Upcoming dividend of NT$2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.8%).お知らせ • Jul 04Metaage Corporation Announces Dividend for the Year Ended December 31, 2022, Payable on August 15, 2023Metaage Corporation announced cash dividend of TWD 376,714,672 by earnings distribution (TWD 2 per share). Payment date of cash dividend distribution is August 15, 2023. Ex-rights (ex-dividend) record date: July 25, 2023.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$79.70, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 104% over the past three years.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$70.10, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 25x in the IT industry in Taiwan. Total returns to shareholders of 114% over the past three years.Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$53.00, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 79% over the past three years.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$2.19 (vs NT$3.07 in FY 2021)Full year 2022 results: EPS: NT$2.19 (down from NT$3.07 in FY 2021). Revenue: NT$12.1b (up 1.3% from FY 2021). Net income: NT$418.2m (down 28% from FY 2021). Profit margin: 3.5% (down from 4.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Wen-Tsung Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: NT$0.73 (vs NT$0.71 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.73 (up from NT$0.71 in 3Q 2021). Revenue: NT$3.21b (up 1.4% from 3Q 2021). Net income: NT$138.3m (up 2.8% from 3Q 2021). Profit margin: 4.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.52 (up from NT$0.48 in 2Q 2021). Revenue: NT$3.03b (up 10% from 2Q 2021). Net income: NT$97.4m (up 8.6% from 2Q 2021). Profit margin: 3.2% (down from 3.3% in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.Upcoming Dividend • Jul 04Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (5.1%).Buying Opportunity • May 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be NT$47.60, 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 4.0%.Reported Earnings • May 07First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.45 (down from NT$1.18 in 1Q 2021). Revenue: NT$2.81b (down 6.1% from 1Q 2021). Net income: NT$85.1m (down 62% from 1Q 2021). Profit margin: 3.0% (down from 7.4% in 1Q 2021). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Director Shu-Erh Kuo is the most experienced director on the board, commencing their role in 2016. Independent Director Wen-Tsung Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Feb 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$3.07 (up from NT$2.92 in FY 2020). Revenue: NT$12.0b (down 12% from FY 2020). Net income: NT$577.6m (up 5.2% from FY 2020). Profit margin: 4.8% (up from 4.1% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.お知らせ • Feb 26+ 1 more updateSYSAGE Technology Co., Ltd. Announces Earnings in Cash Dividends for the Ended December 31, 2021SYSAGE Technology Co., Ltd. announced cash distributed of TWD 2.5 per share,Total amount of cash distributed to shareholders of TWD 470,893,340 for the ended December 31, 2021.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.73 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$3.16b (down 7.5% from 3Q 2020). Net income: NT$134.5m (down 2.4% from 3Q 2020). Profit margin: 4.3% (up from 4.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.85 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.75b (down 28% from 2Q 2020). Net income: NT$89.7m (down 44% from 2Q 2020). Profit margin: 3.3% (down from 4.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Upcoming Dividend • Jul 22Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 17 August 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.2%).Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.18 (vs NT$0.63 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$2.99b (down 7.4% from 1Q 2020). Net income: NT$223.0m (up 88% from 1Q 2020). Profit margin: 7.4% (up from 3.7% in 1Q 2020). The increase in margin was driven by lower expenses. 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 16% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 29SYSAGE Technology (TPE:6112) Has Some Way To Go To Become A Multi-BaggerDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...分析記事 • Mar 30Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 11Does SYSAGE Technology (TPE:6112) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...お知らせ • Mar 10SYSAGE Technology Co., Ltd., Annual General Meeting, May 28, 2021SYSAGE Technology Co., Ltd., Annual General Meeting, May 28, 2021.Analyst Estimate Surprise Post Earnings • Feb 27Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the IT industry in Taiwan.Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$2.91 (vs NT$2.58 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$13.5b (up 9.8% from FY 2019). Net income: NT$549.0m (up 45% from FY 2019). Profit margin: 4.1% (up from 3.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 26New 90-day high: NT$44.70The company is up 11% from its price of NT$40.30 on 27 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 5.0% over the same period.分析記事 • Feb 24SYSAGE Technology (TPE:6112) Has Gifted Shareholders With A Fantastic 176% Total Return On Their InvestmentWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...分析記事 • Feb 09A Look At The Intrinsic Value Of SYSAGE Technology Co., Ltd. (TPE:6112)Does the February share price for SYSAGE Technology Co., Ltd. ( TPE:6112 ) reflect what it's really worth? Today, we...分析記事 • Jan 25Is SYSAGE Technology Co., Ltd. (TPE:6112) An Attractive Dividend Stock?Dividend paying stocks like SYSAGE Technology Co., Ltd. ( TPE:6112 ) tend to be popular with investors, and for good...Is New 90 Day High Low • Jan 11New 90-day high: NT$43.95The company is up 14% from its price of NT$38.65 on 13 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.Is New 90 Day High Low • Dec 25New 90-day high: NT$43.80The company is up 18% from its price of NT$37.10 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.分析記事 • Dec 08Are Strong Financial Prospects The Force That Is Driving The Momentum In SYSAGE Technology Co., Ltd.'s TPE:6112) Stock?SYSAGE Technology's (TPE:6112) stock is up by a considerable 12% over the past three months. Given that the market...Is New 90 Day High Low • Dec 07New 90-day high: NT$41.50The company is up 6.0% from its price of NT$39.25 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is flat over the same period.分析記事 • Nov 23Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analyst Estimate Surprise Post Earnings • Nov 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 10%, compared to a 11% growth forecast for the IT industry in Taiwan.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.73The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.42b (up 7.7% from 3Q 2019). Net income: NT$137.8m (up 24% from 3Q 2019). Profit margin: 4.0% (up from 3.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Sep 22New 90-day low: NT$39.05The company is down 5.0% from its price of NT$40.95 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.財務状況分析短期負債: 6112の 短期資産 ( NT$11.9B ) が 短期負債 ( NT$9.6B ) を超えています。長期負債: 6112の短期資産 ( NT$11.9B ) が 長期負債 ( NT$657.7M ) 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: 6112の 純負債対資本比率 ( 50.7% ) は 高い と見なされます。負債の削減: 6112の負債対資本比率は、過去 5 年間で17.8%から77.2%に増加しました。債務返済能力: 6112の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 6112の負債に対する 利息支払い は EBIT ( 10.9 x coverage) によって 十分にカバーされています。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2026/05/22 09:32終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Metaage Corporation 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 • Mar 30Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Nov 23Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • May 07New 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.17 (vs NT$0.30 in 1Q 2025)First quarter 2026 results: EPS: NT$0.17 (down from NT$0.30 in 1Q 2025). Revenue: NT$6.02b (up 27% from 1Q 2025). Net income: NT$32.8m (down 41% from 1Q 2025). Profit margin: 0.5% (down from 1.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
New Risk • Mar 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 91% Dividend yield: 3.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (91% payout ratio).
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$1.82 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$1.82 (up from NT$0.60 in FY 2024). Revenue: NT$21.8b (up 19% from FY 2024). Net income: NT$342.7m (up 202% from FY 2024). Profit margin: 1.6% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Mar 05Metaage Corporation, Annual General Meeting, May 26, 2026Metaage Corporation, Annual General Meeting, May 26, 2026. Location: 3 floor no,168, ching yeh 4th rd., jhongshan district, taipei city Taiwan
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: NT$0.77 (vs NT$0.22 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.77 (up from NT$0.22 in 3Q 2024). Revenue: NT$5.64b (up 31% from 3Q 2024). Net income: NT$145.9m (up 256% from 3Q 2024). Profit margin: 2.6% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.005 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.13 (up from NT$0.005 in 2Q 2024). Revenue: NT$5.86b (up 33% from 2Q 2024). Net income: NT$25.1m (up NT$24.3m from 2Q 2024). Profit margin: 0.4% (up from 0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 03Dividend reduced to NT$0.60Dividend of NT$0.60 is 78% lower than last year. Ex-date: 17th July 2025 Payment date: 13th August 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • Apr 23Metaage Corporation to Report Q1, 2025 Results on Apr 28, 2025Metaage Corporation announced that they will report Q1, 2025 results on Apr 28, 2025
Buy Or Sell Opportunity • Apr 09Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to NT$35.75. The fair value is estimated to be NT$47.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 13%.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$48.10, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 41% over the past three years.
分析記事 • Mar 31A Look At The Fair Value Of Metaage Corporation (TWSE:6112)Key Insights The projected fair value for Metaage is NT$50.32 based on 2 Stage Free Cash Flow to Equity Metaage's...
分析記事 • Mar 05Earnings Troubles May Signal Larger Issues for Metaage (TWSE:6112) ShareholdersInvestors were disappointed by Metaage Corporation's ( TWSE:6112 ) latest earnings release. Our analysis has found some...
New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 4.3% 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 (0.6% net profit margin).
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$0.60 (vs NT$3.15 in FY 2023)Full year 2024 results: EPS: NT$0.60 (down from NT$3.15 in FY 2023). Revenue: NT$18.4b (down 7.2% from FY 2023). Net income: NT$113.6m (down 81% from FY 2023). Profit margin: 0.6% (down from 3.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Feb 27Metaage Corporation, Annual General Meeting, May 27, 2025Metaage Corporation, Annual General Meeting, May 27, 2025. Location: 3 floor no,168, ching yeh 4th rd., jhongshan district, taipei city Taiwan
お知らせ • Feb 19Metaage Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Metaage Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$67.70, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 97% over the past three years.
New Risk • Feb 03New 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 8.0% 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 (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Dividend is not well covered by earnings (168% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
分析記事 • Feb 03Optimistic Investors Push Metaage Corporation (TWSE:6112) Shares Up 25% But Growth Is LackingMetaage Corporation ( TWSE:6112 ) shares have continued their recent momentum with a 25% gain in the last month alone...
お知らせ • Jan 14Metaage Corporation Announces Change in PresidentOn January 13, 2025, Metaage Corporation Announced Change in President. Name of the previous position holder: Joshua Tzeng. Resume of the previous position holder: Chairperson and President of Metaage Corporation. Name of the new position holder: Jason Shih. Resume of the new position holder: President of Product Center of Metaage Corporation. Reason for the change: New appointment. Effective date of the new appointment: February 1, 2025. The Board of Directors approved the appointment of president of the company on January 13, 2025.
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$56.90, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 70% over the past three years.
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 Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change).
New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (168% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
分析記事 • Dec 06Subdued Growth No Barrier To Metaage Corporation (TWSE:6112) With Shares Advancing 30%Metaage Corporation ( TWSE:6112 ) shareholders have had their patience rewarded with a 30% share price jump in the last...
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$59.90, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 21x in the IT industry in Taiwan. Total returns to shareholders of 77% over the past three years.
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.71 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.22 (down from NT$0.71 in 3Q 2023). Revenue: NT$4.30b (up 19% from 3Q 2023). Net income: NT$40.9m (down 70% from 3Q 2023). Profit margin: 1.0% (down from 3.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% 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 • Oct 26Metaage Corporation to Report Q3, 2024 Results on Nov 04, 2024Metaage Corporation announced that they will report Q3, 2024 results on Nov 04, 2024
分析記事 • Aug 11Weak Statutory Earnings May Not Tell The Whole Story For Metaage (TWSE:6112)Investors were disappointed by Metaage Corporation's ( TWSE:6112 ) latest earnings release. We did some further digging...
分析記事 • Aug 06Metaage Corporation (TWSE:6112) Shares May Have Slumped 29% But Getting In Cheap Is Still UnlikelyMetaage Corporation ( TWSE:6112 ) shareholders won't be pleased to see that the share price has had a very rough month...
分析記事 • Aug 04There Are Reasons To Feel Uneasy About Metaage's (TWSE:6112) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$0.005 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.005 (down from NT$0.87 in 2Q 2023). Revenue: NT$4.42b (up 24% from 2Q 2023). Net income: NT$870.0k (down 100% from 2Q 2023). Profit margin: 0% (down from 4.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Aug 01Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 2.9% to NT$60.00. The fair value is estimated to be NT$48.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat.
お知らせ • Jul 25Metaage Corporation to Report Q2, 2024 Results on Aug 01, 2024Metaage Corporation announced that they will report Q2, 2024 results on Aug 01, 2024
分析記事 • Jul 03Metaage's (TWSE:6112) Dividend Will Be Increased To NT$2.75Metaage Corporation ( TWSE:6112 ) will increase its dividend from last year's comparable payment on the 13th of August...
Declared Dividend • Jul 03Dividend increased to NT$2.75Dividend of NT$2.75 is 38% higher than last year. Ex-date: 17th July 2024 Payment date: 13th August 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (448% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.0% to bring the payout ratio under control, which is less than the 3.4% EPS growth achieved over the last 5 years.
お知らせ • Jul 02Metaage Corporation Approves Cash Dividend, Payable on August 13, 2024Metaage Corporation approved cash dividends to common shareholders of TWD 517,982,674 by earnings distribution (TWD 2.75 per share). Date of the resolution by the board of directors or shareholders meeting or decision by the company is July 1, 2024. Ex-rights (ex-dividend) trading date is July 7, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of common stock cash dividend distribution is August 13, 2024.
New Risk • May 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.9% 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 (4.9% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (448% cash payout ratio).
Buy Or Sell Opportunity • May 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to NT$58.40. The fair value is estimated to be NT$73.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat.
Reported Earnings • May 02First quarter 2024 earnings released: EPS: NT$1.02 (vs NT$1.17 in 1Q 2023)First quarter 2024 results: EPS: NT$1.02 (down from NT$1.17 in 1Q 2023). Revenue: NT$4.75b (up 40% from 1Q 2023). Net income: NT$191.6m (down 13% from 1Q 2023). Profit margin: 4.0% (down from 6.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Apr 25Metaage Corporation to Report Q1, 2024 Results on Apr 30, 2024Metaage Corporation announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: NT$3.14 (vs NT$2.19 in FY 2022)Full year 2023 results: EPS: NT$3.14 (up from NT$2.19 in FY 2022). Revenue: NT$19.8b (up 64% from FY 2022). Net income: NT$586.6m (up 42% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Mar 01Metaage Corporation, Annual General Meeting, May 31, 2024Metaage Corporation, Annual General Meeting, May 31, 2024. Location: 3F, No. 168, Jingye 4th Rd., Zhongshan Dist (Area C of Grand Victoria Hotel) Taipei City Taiwan Agenda: To consider Report of 2023 business; to consider Audit Committee's review report; to consider the 2023 Distribution of employees & board of directors' remuneration; to consider the 2023 Distribution of 2023 profits in cash dividends; to accept the 2023 Business Report and Financial Statements; to accept the proposal for distribution of 2023 profits; and to consider other matters.
New Risk • Feb 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change).
New Risk • Dec 07New 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 5.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$77.00, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 108% over the past three years.
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$0.52 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (up from NT$0.52 in 2Q 2022). Revenue: NT$3.57b (up 18% from 2Q 2022). Net income: NT$163.4m (up 68% from 2Q 2022). Profit margin: 4.6% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$78.10, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 128% over the past three years.
Upcoming Dividend • Jul 12Upcoming dividend of NT$2.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.8%).
お知らせ • Jul 04Metaage Corporation Announces Dividend for the Year Ended December 31, 2022, Payable on August 15, 2023Metaage Corporation announced cash dividend of TWD 376,714,672 by earnings distribution (TWD 2 per share). Payment date of cash dividend distribution is August 15, 2023. Ex-rights (ex-dividend) record date: July 25, 2023.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$79.70, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 23x in the IT industry in Taiwan. Total returns to shareholders of 104% over the past three years.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$70.10, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 25x in the IT industry in Taiwan. Total returns to shareholders of 114% over the past three years.
Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$53.00, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the IT industry in Taiwan. Total returns to shareholders of 79% over the past three years.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$2.19 (vs NT$3.07 in FY 2021)Full year 2022 results: EPS: NT$2.19 (down from NT$3.07 in FY 2021). Revenue: NT$12.1b (up 1.3% from FY 2021). Net income: NT$418.2m (down 28% from FY 2021). Profit margin: 3.5% (down from 4.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Wen-Tsung Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: NT$0.73 (vs NT$0.71 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.73 (up from NT$0.71 in 3Q 2021). Revenue: NT$3.21b (up 1.4% from 3Q 2021). Net income: NT$138.3m (up 2.8% from 3Q 2021). Profit margin: 4.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.52 (up from NT$0.48 in 2Q 2021). Revenue: NT$3.03b (up 10% from 2Q 2021). Net income: NT$97.4m (up 8.6% from 2Q 2021). Profit margin: 3.2% (down from 3.3% in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.
Upcoming Dividend • Jul 04Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (5.1%).
Buying Opportunity • May 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be NT$47.60, 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 4.0%.
Reported Earnings • May 07First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.45 (down from NT$1.18 in 1Q 2021). Revenue: NT$2.81b (down 6.1% from 1Q 2021). Net income: NT$85.1m (down 62% from 1Q 2021). Profit margin: 3.0% (down from 7.4% in 1Q 2021). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Director Shu-Erh Kuo is the most experienced director on the board, commencing their role in 2016. Independent Director Wen-Tsung Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Feb 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$3.07 (up from NT$2.92 in FY 2020). Revenue: NT$12.0b (down 12% from FY 2020). Net income: NT$577.6m (up 5.2% from FY 2020). Profit margin: 4.8% (up from 4.1% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Feb 26+ 1 more updateSYSAGE Technology Co., Ltd. Announces Earnings in Cash Dividends for the Ended December 31, 2021SYSAGE Technology Co., Ltd. announced cash distributed of TWD 2.5 per share,Total amount of cash distributed to shareholders of TWD 470,893,340 for the ended December 31, 2021.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.73 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$3.16b (down 7.5% from 3Q 2020). Net income: NT$134.5m (down 2.4% from 3Q 2020). Profit margin: 4.3% (up from 4.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.85 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.75b (down 28% from 2Q 2020). Net income: NT$89.7m (down 44% from 2Q 2020). Profit margin: 3.3% (down from 4.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Upcoming Dividend • Jul 22Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 17 August 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.2%).
Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.18 (vs NT$0.63 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$2.99b (down 7.4% from 1Q 2020). Net income: NT$223.0m (up 88% from 1Q 2020). Profit margin: 7.4% (up from 3.7% in 1Q 2020). The increase in margin was driven by lower expenses. 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 16% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 29SYSAGE Technology (TPE:6112) Has Some Way To Go To Become A Multi-BaggerDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
分析記事 • Mar 30Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 11Does SYSAGE Technology (TPE:6112) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
お知らせ • Mar 10SYSAGE Technology Co., Ltd., Annual General Meeting, May 28, 2021SYSAGE Technology Co., Ltd., Annual General Meeting, May 28, 2021.
Analyst Estimate Surprise Post Earnings • Feb 27Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the IT industry in Taiwan.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$2.91 (vs NT$2.58 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$13.5b (up 9.8% from FY 2019). Net income: NT$549.0m (up 45% from FY 2019). Profit margin: 4.1% (up from 3.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 26New 90-day high: NT$44.70The company is up 11% from its price of NT$40.30 on 27 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 5.0% over the same period.
分析記事 • Feb 24SYSAGE Technology (TPE:6112) Has Gifted Shareholders With A Fantastic 176% Total Return On Their InvestmentWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
分析記事 • Feb 09A Look At The Intrinsic Value Of SYSAGE Technology Co., Ltd. (TPE:6112)Does the February share price for SYSAGE Technology Co., Ltd. ( TPE:6112 ) reflect what it's really worth? Today, we...
分析記事 • Jan 25Is SYSAGE Technology Co., Ltd. (TPE:6112) An Attractive Dividend Stock?Dividend paying stocks like SYSAGE Technology Co., Ltd. ( TPE:6112 ) tend to be popular with investors, and for good...
Is New 90 Day High Low • Jan 11New 90-day high: NT$43.95The company is up 14% from its price of NT$38.65 on 13 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.
Is New 90 Day High Low • Dec 25New 90-day high: NT$43.80The company is up 18% from its price of NT$37.10 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.
分析記事 • Dec 08Are Strong Financial Prospects The Force That Is Driving The Momentum In SYSAGE Technology Co., Ltd.'s TPE:6112) Stock?SYSAGE Technology's (TPE:6112) stock is up by a considerable 12% over the past three months. Given that the market...
Is New 90 Day High Low • Dec 07New 90-day high: NT$41.50The company is up 6.0% from its price of NT$39.25 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is flat over the same period.
分析記事 • Nov 23Here's Why SYSAGE Technology (TPE:6112) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analyst Estimate Surprise Post Earnings • Nov 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 10%, compared to a 11% growth forecast for the IT industry in Taiwan.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.73The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.42b (up 7.7% from 3Q 2019). Net income: NT$137.8m (up 24% from 3Q 2019). Profit margin: 4.0% (up from 3.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Sep 22New 90-day low: NT$39.05The company is down 5.0% from its price of NT$40.95 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.