View Past PerformanceGroundhog バランスシートの健全性財務の健全性 基準チェック /66Groundhogの総株主資本はNT$748.0M 、総負債はNT$0.0で、負債比率は0%となります。総資産と総負債はそれぞれNT$992.8MとNT$244.7Mです。 Groundhogの EBIT はNT$62.5Mで、利息カバレッジ比率-7.9です。現金および短期投資はNT$647.5Mです。主要情報0%負債資本比率NT$0負債インタレスト・カバレッジ・レシオ-7.9x現金NT$647.50mエクイティNT$748.04m負債合計NT$244.74m総資産NT$992.78m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$76.70, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 21x in the Software industry in Taiwan. Total loss to shareholders of 47% over the past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.60 (vs NT$0.50 in 1Q 2025)First quarter 2026 results: EPS: NT$0.60 (up from NT$0.50 in 1Q 2025). Revenue: NT$79.5m (flat on 1Q 2025). Net income: NT$19.4m (up 17% from 1Q 2025). Profit margin: 24% (up from 21% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$1.87 (vs NT$3.56 in FY 2024)Full year 2025 results: EPS: NT$1.87 (down from NT$3.56 in FY 2024). Revenue: NT$348.2m (down 12% from FY 2024). Net income: NT$61.2m (down 49% from FY 2024). Profit margin: 18% (down from 30% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 12Groundhog Inc., Annual General Meeting, Jun 24, 2026Groundhog Inc., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,1, sec.3 chung hsiao e. rd., da-an district, taipei city TaiwanNew Risk • Feb 25New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (130% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$2.41b market cap, or US$76.9m).Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Director Chiann Liu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.93 in 3Q 2024). Revenue: NT$81.0m (down 22% from 3Q 2024). Net income: NT$10.3m (down 67% from 3Q 2024). Profit margin: 13% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue.New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.06b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (104% payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$98.6m).Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 20% to NT$100.00. The fair value is estimated to be NT$83.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 7.0%.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.20 profit in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (down from NT$0.20 profit in 2Q 2024). Revenue: NT$69.0m (up 2.9% from 2Q 2024). Net loss: NT$8.50m (down 228% from profit in 2Q 2024).Upcoming Dividend • Jul 10Upcoming dividend of NT$3.33 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 04 August 2025. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.0%).Declared Dividend • Jun 26Dividend increased to NT$3.33Dividend of NT$3.33 is 11% higher than last year. Ex-date: 15th July 2025 Payment date: 4th August 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (119% cash payout ratio). The dividend has decreased by an average of 3.0% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 1.8% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 24Groundhog Inc. Approves Dividend for 2024Groundhog Inc. at its AGM held on June 23, 2025 approved cash dividend of TWD 3.20 per share for 2024.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.56 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (down from NT$0.56 in 1Q 2024). Revenue: NT$79.3m (up 2.7% from 1Q 2024). Net income: NT$16.7m (down 11% from 1Q 2024). Profit margin: 21% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses.お知らせ • May 07Groundhog Inc. to Report Q1, 2025 Results on May 14, 2025Groundhog Inc. announced that they will report Q1, 2025 results on May 14, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$102, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the Software industry in Asia. Total loss to shareholders of 36% over the past year.Reported Earnings • Mar 15Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: NT$3.56. Revenue: NT$393.8m (up 6.1% from FY 2023). Net income: NT$119.2m (up 8.4% from FY 2023). Profit margin: 30% (in line with FY 2023).お知らせ • Mar 14Groundhog Inc., Annual General Meeting, Jun 23, 2025Groundhog Inc., Annual General Meeting, Jun 23, 2025. Location: 2 floor no,99, fu hsing n. rd., taipei city Taiwan分析記事 • Feb 10Earnings Tell The Story For Groundhog Inc. (TWSE:6906) As Its Stock Soars 32%Groundhog Inc. ( TWSE:6906 ) shares have had a really impressive month, gaining 32% after a shaky period beforehand...Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$156, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Software industry in Asia. Total loss to shareholders of 20% over the past year.分析記事 • Jan 15Returns On Capital At Groundhog (TWSE:6906) Paint A Concerning PictureThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...分析記事 • Nov 21Why Groundhog's (TWSE:6906) Earnings Are Weaker Than They SeemInvestors were disappointed with Groundhog Inc.'s ( TWSE:6906 ) recent earnings release. We did some analysis and...Reported Earnings • Nov 19Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.93 (down from NT$1.32 in 3Q 2023). Revenue: NT$103.6m (down 8.6% from 3Q 2023). Net income: NT$31.3m (down 23% from 3Q 2023). Profit margin: 30% (down from 36% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in Taiwan.New Risk • Nov 14New 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.8% increase in shares outstanding).お知らせ • Nov 06Groundhog Inc. to Report Q3, 2024 Results on Nov 14, 2024Groundhog Inc. announced that they will report Q3, 2024 results on Nov 14, 2024分析記事 • Sep 22Investors Could Be Concerned With Groundhog's (TWSE:6906) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$167, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 22x in the Software industry in Taiwan. Total returns to shareholders of 21% over the past year.New Risk • Aug 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 30%After last week's 30% share price gain to NT$155, the stock trades at a trailing P/E ratio of 43.3x. Average forward P/E is 22x in the Software industry in Taiwan. Total returns to shareholders of 8.8% over the past year.Reported Earnings • Aug 17Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.20 (up from NT$0.07 loss in 2Q 2023). Revenue: NT$67.1m (up 41% from 2Q 2023). Net income: NT$6.63m (up NT$8.76m from 2Q 2023). Profit margin: 9.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 60%.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$116, the stock trades at a trailing P/E ratio of 34.8x. Average forward P/E is 22x in the Software industry in Taiwan. Total loss to shareholders of 20% over the past year.お知らせ • Aug 03Groundhog Inc. to Report Q2, 2024 Results on Aug 13, 2024Groundhog Inc. announced that they will report Q2, 2024 results on Aug 13, 2024分析記事 • Jul 21Groundhog (TWSE:6906) Is Reducing Its Dividend To NT$3.00Groundhog Inc.'s ( TWSE:6906 ) dividend is being reduced from last year's payment covering the same period to NT$3.00...Upcoming Dividend • Jul 16Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 23 July 2024. Payment date: 16 August 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (1.9%).Declared Dividend • Jun 27Dividend of NT$3.00 announcedShareholders will receive a dividend of NT$3.00. Ex-date: 23rd July 2024 Payment date: 16th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 6.4% to shift the payout ratio to a potentially unsustainable range, which is less than the 27% EPS decline seen over the last 5 years.New Risk • Jun 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).Reported Earnings • May 17First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.56. Revenue: NT$77.2m (up 5.4% from 1Q 2023). Net income: NT$18.6m (up 7.5% from 1Q 2023). Profit margin: 24% (in line with 1Q 2023). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 53%.お知らせ • May 03Groundhog Inc. to Report Q1, 2024 Results on May 14, 2024Groundhog Inc. announced that they will report Q1, 2024 results on May 14, 2024お知らせ • Apr 05Groundhog Inc., Annual General Meeting, Jun 24, 2024Groundhog Inc., Annual General Meeting, Jun 24, 2024.分析記事 • Mar 22Groundhog's (TWSE:6906) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Groundhog Inc.'s ( TWSE:6906 ) recent earnings didn't contain any surprises...New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Cash payout ratio: 104% Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding).Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$3.60 (vs NT$3.80 in FY 2022)Full year 2023 results: EPS: NT$3.60 (down from NT$3.80 in FY 2022). Revenue: NT$371.2m (up 19% from FY 2022). Net income: NT$109.9m (down 5.4% from FY 2022). Profit margin: 30% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses.お知らせ • Mar 01Groundhog Inc. Announces Resignation of Chiou, Pi-Huu as DirectorOn Feb. 29, 2024, Groundhog Inc. announced that Mr. Chiou, Pi-Huu resigned as a director to allow for the by-election of female director. The resignation will be effected at the same day, and the vacancy will be filled by female director at the next shareholder meeting to strengthen gender diversity on the board.New Risk • Oct 21New 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: Minor Risks Dividend is not well covered by earnings (210% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).New Risk • Aug 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 19% Last year net profit margin: 41% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (210% payout ratio). Profit margins are more than 30% lower than last year (19% net profit margin).New Risk • Jul 19New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 No financial data reported. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).お知らせ • Jun 28Groundhog Inc. Approves Cash Dividends of Common Shares for 2022, Payable on August 17, 2023Groundhog Inc. approved cash dividends of common shares: TWD 3.4 per share for 2022 at its shareholders' meeting held on June 26, 2023. The ex-rights (Ex-dividend) date is on July 25, 2023. The ex-rights (Ex-dividend) record date is on July 31, 2023. The payment date of cash dividend distribution is on August 17, 2023.財務状況分析短期負債: 6906の 短期資産 ( NT$973.5M ) が 短期負債 ( NT$235.7M ) を超えています。長期負債: 6906の短期資産 ( NT$973.5M ) が 長期負債 ( NT$9.1M ) 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: 6906は負債がありません。負債の削減: 6906 5 年前には負債がありませんでした。債務返済能力: 6906には負債がないため、営業キャッシュフロー でカバーする必要はありません。インタレストカバレッジ: 6906には負債がないため、利息支払い の負担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2026/05/22 09:45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Groundhog Inc. 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。1 アナリスト機関Junjia SuSinoPac Securities Investment Service
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$76.70, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 21x in the Software industry in Taiwan. Total loss to shareholders of 47% over the past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$0.60 (vs NT$0.50 in 1Q 2025)First quarter 2026 results: EPS: NT$0.60 (up from NT$0.50 in 1Q 2025). Revenue: NT$79.5m (flat on 1Q 2025). Net income: NT$19.4m (up 17% from 1Q 2025). Profit margin: 24% (up from 21% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$1.87 (vs NT$3.56 in FY 2024)Full year 2025 results: EPS: NT$1.87 (down from NT$3.56 in FY 2024). Revenue: NT$348.2m (down 12% from FY 2024). Net income: NT$61.2m (down 49% from FY 2024). Profit margin: 18% (down from 30% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 12Groundhog Inc., Annual General Meeting, Jun 24, 2026Groundhog Inc., Annual General Meeting, Jun 24, 2026. Location: 3 floor no,1, sec.3 chung hsiao e. rd., da-an district, taipei city Taiwan
New Risk • Feb 25New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (130% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$2.41b market cap, or US$76.9m).
Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Director Chiann Liu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.93 in 3Q 2024). Revenue: NT$81.0m (down 22% from 3Q 2024). Net income: NT$10.3m (down 67% from 3Q 2024). Profit margin: 13% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue.
New Risk • Nov 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.06b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (104% payout ratio). Market cap is less than US$100m (NT$3.06b market cap, or US$98.6m).
Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 20% to NT$100.00. The fair value is estimated to be NT$83.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 7.0%.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.20 profit in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (down from NT$0.20 profit in 2Q 2024). Revenue: NT$69.0m (up 2.9% from 2Q 2024). Net loss: NT$8.50m (down 228% from profit in 2Q 2024).
Upcoming Dividend • Jul 10Upcoming dividend of NT$3.33 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 04 August 2025. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.0%).
Declared Dividend • Jun 26Dividend increased to NT$3.33Dividend of NT$3.33 is 11% higher than last year. Ex-date: 15th July 2025 Payment date: 4th August 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (119% cash payout ratio). The dividend has decreased by an average of 3.0% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 1.8% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 24Groundhog Inc. Approves Dividend for 2024Groundhog Inc. at its AGM held on June 23, 2025 approved cash dividend of TWD 3.20 per share for 2024.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.56 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (down from NT$0.56 in 1Q 2024). Revenue: NT$79.3m (up 2.7% from 1Q 2024). Net income: NT$16.7m (down 11% from 1Q 2024). Profit margin: 21% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses.
お知らせ • May 07Groundhog Inc. to Report Q1, 2025 Results on May 14, 2025Groundhog Inc. announced that they will report Q1, 2025 results on May 14, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$102, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the Software industry in Asia. Total loss to shareholders of 36% over the past year.
Reported Earnings • Mar 15Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: NT$3.56. Revenue: NT$393.8m (up 6.1% from FY 2023). Net income: NT$119.2m (up 8.4% from FY 2023). Profit margin: 30% (in line with FY 2023).
お知らせ • Mar 14Groundhog Inc., Annual General Meeting, Jun 23, 2025Groundhog Inc., Annual General Meeting, Jun 23, 2025. Location: 2 floor no,99, fu hsing n. rd., taipei city Taiwan
分析記事 • Feb 10Earnings Tell The Story For Groundhog Inc. (TWSE:6906) As Its Stock Soars 32%Groundhog Inc. ( TWSE:6906 ) shares have had a really impressive month, gaining 32% after a shaky period beforehand...
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$156, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Software industry in Asia. Total loss to shareholders of 20% over the past year.
分析記事 • Jan 15Returns On Capital At Groundhog (TWSE:6906) Paint A Concerning PictureThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
分析記事 • Nov 21Why Groundhog's (TWSE:6906) Earnings Are Weaker Than They SeemInvestors were disappointed with Groundhog Inc.'s ( TWSE:6906 ) recent earnings release. We did some analysis and...
Reported Earnings • Nov 19Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.93 (down from NT$1.32 in 3Q 2023). Revenue: NT$103.6m (down 8.6% from 3Q 2023). Net income: NT$31.3m (down 23% from 3Q 2023). Profit margin: 30% (down from 36% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in Taiwan.
New Risk • Nov 14New 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
お知らせ • Nov 06Groundhog Inc. to Report Q3, 2024 Results on Nov 14, 2024Groundhog Inc. announced that they will report Q3, 2024 results on Nov 14, 2024
分析記事 • Sep 22Investors Could Be Concerned With Groundhog's (TWSE:6906) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$167, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 22x in the Software industry in Taiwan. Total returns to shareholders of 21% over the past year.
New Risk • Aug 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 30%After last week's 30% share price gain to NT$155, the stock trades at a trailing P/E ratio of 43.3x. Average forward P/E is 22x in the Software industry in Taiwan. Total returns to shareholders of 8.8% over the past year.
Reported Earnings • Aug 17Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.20 (up from NT$0.07 loss in 2Q 2023). Revenue: NT$67.1m (up 41% from 2Q 2023). Net income: NT$6.63m (up NT$8.76m from 2Q 2023). Profit margin: 9.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 60%.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$116, the stock trades at a trailing P/E ratio of 34.8x. Average forward P/E is 22x in the Software industry in Taiwan. Total loss to shareholders of 20% over the past year.
お知らせ • Aug 03Groundhog Inc. to Report Q2, 2024 Results on Aug 13, 2024Groundhog Inc. announced that they will report Q2, 2024 results on Aug 13, 2024
分析記事 • Jul 21Groundhog (TWSE:6906) Is Reducing Its Dividend To NT$3.00Groundhog Inc.'s ( TWSE:6906 ) dividend is being reduced from last year's payment covering the same period to NT$3.00...
Upcoming Dividend • Jul 16Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 23 July 2024. Payment date: 16 August 2024. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (1.9%).
Declared Dividend • Jun 27Dividend of NT$3.00 announcedShareholders will receive a dividend of NT$3.00. Ex-date: 23rd July 2024 Payment date: 16th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 6.4% to shift the payout ratio to a potentially unsustainable range, which is less than the 27% EPS decline seen over the last 5 years.
New Risk • Jun 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
Reported Earnings • May 17First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.56. Revenue: NT$77.2m (up 5.4% from 1Q 2023). Net income: NT$18.6m (up 7.5% from 1Q 2023). Profit margin: 24% (in line with 1Q 2023). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 53%.
お知らせ • May 03Groundhog Inc. to Report Q1, 2024 Results on May 14, 2024Groundhog Inc. announced that they will report Q1, 2024 results on May 14, 2024
お知らせ • Apr 05Groundhog Inc., Annual General Meeting, Jun 24, 2024Groundhog Inc., Annual General Meeting, Jun 24, 2024.
分析記事 • Mar 22Groundhog's (TWSE:6906) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Groundhog Inc.'s ( TWSE:6906 ) recent earnings didn't contain any surprises...
New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 153% Cash payout ratio: 104% Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$3.60 (vs NT$3.80 in FY 2022)Full year 2023 results: EPS: NT$3.60 (down from NT$3.80 in FY 2022). Revenue: NT$371.2m (up 19% from FY 2022). Net income: NT$109.9m (down 5.4% from FY 2022). Profit margin: 30% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses.
お知らせ • Mar 01Groundhog Inc. Announces Resignation of Chiou, Pi-Huu as DirectorOn Feb. 29, 2024, Groundhog Inc. announced that Mr. Chiou, Pi-Huu resigned as a director to allow for the by-election of female director. The resignation will be effected at the same day, and the vacancy will be filled by female director at the next shareholder meeting to strengthen gender diversity on the board.
New Risk • Oct 21New 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: Minor Risks Dividend is not well covered by earnings (210% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).
New Risk • Aug 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 19% Last year net profit margin: 41% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (210% payout ratio). Profit margins are more than 30% lower than last year (19% net profit margin).
New Risk • Jul 19New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 No financial data reported. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).
お知らせ • Jun 28Groundhog Inc. Approves Cash Dividends of Common Shares for 2022, Payable on August 17, 2023Groundhog Inc. approved cash dividends of common shares: TWD 3.4 per share for 2022 at its shareholders' meeting held on June 26, 2023. The ex-rights (Ex-dividend) date is on July 25, 2023. The ex-rights (Ex-dividend) record date is on July 31, 2023. The payment date of cash dividend distribution is on August 17, 2023.