Advanced Ceramic X（3152）株式概要アドバンスト・セラミックXコーポレーションは、台湾、中国、米国、および国際的な無線通信アプリケーション用のRFフロントエンド・デバイスおよびモジュールの設計、製造、販売を行っている。 詳細3152 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性6/6配当金3/6報酬株価収益率（ 13.4 x） TW市場（ 20.5 x）を下回っています。過去1年間で収益は58%増加しました リスク分析過去5年間で収益は年間14%減少しました。 不安定な配当実績 財務結果に影響を与える大きな一時的項目 TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る3152 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW479,957 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA479,957 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$221.00192.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue NT$664.9mEarnings NT$308.2mAdvancedSet Fair ValueView all narrativesAdvanced Ceramic X Corporation 競合他社LightelSymbol: TPEX:7717Market cap: NT$8.8bPlanet TechnologySymbol: TPEX:6263Market cap: NT$9.1bSenao NetworksSymbol: TPEX:3558Market cap: NT$7.0bLanner ElectronicsSymbol: TPEX:6245Market cap: NT$11.1b価格と性能株価の高値、安値、推移の概要Advanced Ceramic X過去の株価現在の株価NT$221.0052週高値NT$417.4652週安値NT$186.62ベータ1.221ヶ月の変化-23.79%3ヶ月変化-26.94%1年変化1.99%3年間の変化-37.84%5年間の変化-72.60%IPOからの変化247.63%最新ニュースDeclared Dividend • Jul 23Dividend of NT$7.11 announcedShareholders will receive a dividend of NT$7.11. Ex-date: 6th August 2026 Payment date: 2nd September 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$233, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total loss to shareholders of 28% over the past three years.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$293, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major 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 Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$221, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 35x in the Communications industry in Taiwan. Total returns to shareholders of 7.2% over the past three years.Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$200, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total returns to shareholders of 5.2% over the past three years.最新情報をもっと見るRecent updatesDeclared Dividend • Jul 23Dividend of NT$7.11 announcedShareholders will receive a dividend of NT$7.11. Ex-date: 6th August 2026 Payment date: 2nd September 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$233, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total loss to shareholders of 28% over the past three years.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$293, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major 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 Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$221, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 35x in the Communications industry in Taiwan. Total returns to shareholders of 7.2% over the past three years.Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$200, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total returns to shareholders of 5.2% over the past three years.Reported Earnings • May 06First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.46 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.46 in 1Q 2025). Revenue: NT$352.4m (down 8.8% from 1Q 2025). Net income: NT$95.9m (down 5.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$156, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total loss to shareholders of 27% over the past three years.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$131, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total loss to shareholders of 32% over the past three years.New Risk • Feb 20New 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 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 135% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. 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 (8.0% average weekly change). Large one-off items impacting financial results.お知らせ • Jan 21Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026, at 09:00 Taipei Standard Time. Location: no,165, han yang rd., hukou township, hsinchu county TaiwanReported Earnings • Jan 21Full year 2025 earnings released: EPS: NT$9.42 (vs NT$6.21 in FY 2024)Full year 2025 results: EPS: NT$9.42 (up from NT$6.21 in FY 2024). Revenue: NT$1.43b (down 16% from FY 2024). Net income: NT$650.3m (up 52% from FY 2024). Profit margin: 46% (up from 25% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jan 13Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$165. The fair value is estimated to be NT$131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%.New Risk • Dec 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 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. 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 (6.5% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$129, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 114% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13 (down from NT$1.43 in 3Q 2024). Revenue: NT$338.3m (down 21% from 3Q 2024). Net income: NT$77.7m (down 21% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to NT$112. The fair value is estimated to be NT$140, 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 16%.New Risk • Aug 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$139, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 19% over the past three years.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$5.63 (vs NT$1.44 in 2Q 2024)Second quarter 2025 results: EPS: NT$5.63 (up from NT$1.44 in 2Q 2024). Revenue: NT$356.6m (down 12% from 2Q 2024). Net income: NT$388.8m (up 290% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 12Advanced Ceramic X Corporation Approves Directorate ChangesAdvanced Ceramic X Corporation Announced Election of Independent director: Wei-Chiao Chen. Date of the shareholders' meeting: June 11, 2025. Title and name of the previous position holder: Independent director: Shang-Ming Chin. Effective date of the new appointment: June 11, 2025.お知らせ • Apr 22Advanced Ceramic X Corporation to Report Q1, 2025 Results on Apr 29, 2025Advanced Ceramic X Corporation announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$117, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total loss to shareholders of 51% over the past three years.Buy Or Sell Opportunity • Apr 06Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to NT$143. The fair value is estimated to be NT$118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 32%.New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Earnings have declined by 22% per year over the past 5 years.Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$6.21 (vs NT$4.09 in FY 2023)Full year 2024 results: EPS: NT$6.21 (up from NT$4.09 in FY 2023). Revenue: NT$1.69b (up 14% from FY 2023). Net income: NT$428.6m (up 52% from FY 2023). Profit margin: 25% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.お知らせ • Feb 18Advanced Ceramic X Corporation to Report Q4, 2024 Results on Feb 25, 2025Advanced Ceramic X Corporation announced that they will report Q4, 2024 results on Feb 25, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$1.43 (vs NT$1.32 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.43 (up from NT$1.32 in 3Q 2023). Revenue: NT$428.6m (up 8.2% from 3Q 2023). Net income: NT$98.8m (up 8.7% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Oct 29Advanced Ceramic X Corporation to Report Q3, 2024 Results on Nov 05, 2024Advanced Ceramic X Corporation announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.44 (up from NT$0.93 in 2Q 2023). Revenue: NT$404.1m (up 12% from 2Q 2023). Net income: NT$99.6m (up 56% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.お知らせ • Jul 18Advanced Ceramic X Corporation to Report Q2, 2024 Results on Jul 30, 2024Advanced Ceramic X Corporation announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Jul 30, 2024Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.76 (vs NT$0.63 in 1Q 2023)First quarter 2024 results: EPS: NT$1.76 (up from NT$0.63 in 1Q 2023). Revenue: NT$402.5m (up 27% from 1Q 2023). Net income: NT$121.3m (up 177% from 1Q 2023). Profit margin: 30% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.New Risk • Apr 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 16% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.09 (vs NT$3.99 in FY 2022)Full year 2023 results: EPS: NT$4.09 (up from NT$3.99 in FY 2022). Revenue: NT$1.49b (up 1.6% from FY 2022). Net income: NT$282.4m (up 2.6% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Feb 28+ 3 more updatesAdvanced Ceramic X Corporation Announces Financial Officer ChangesAdvanced Ceramic X Corporation announced change of financial officer. Name of the previous position holder: Ching-Yao Peng, financial officer, financial director of ACX. Name of the new position holder: Hsien-Liang Chou, financial officer, financial manager of ACX. Effective date of the new appointment: November 29, 2023. Reason for the change: position adjustment. Any other matters that need to be specified: Effective by February 27, 2024 through board of director meeting.Price Target Changed • Nov 30Price target increased by 8.1% to NT$300Up from NT$278, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$262. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.10 for next year compared to NT$3.99 last year.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$273, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 31% over the past three years.New Risk • Nov 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: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).お知らせ • Aug 18Advanced Ceramic X Corporation Announces Change of Representative of Juristic-Person DirectorsAdvanced Ceramic X Corporation announced change of representative of juristic-person directors. Name of legal person: Kuo Chia Fu Investment Corporation. Name of the previous position holder: Yung-Fu Kuo, Director of Advanced Ceramic X Corporation. Name of the new position holder: Cheng-Hsin Kuo, GM's Special Assistant of Kuo Chia Fu Investment Corporation. Effective date of the new appointment: August 17, 2023.Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.93 (vs NT$1.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.93 (down from NT$1.28 in 2Q 2022). Revenue: NT$359.7m (down 5.2% from 2Q 2022). Net income: NT$63.9m (down 28% from 2Q 2022). Profit margin: 18% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$3.99 (vs NT$14.88 in FY 2021)Full year 2022 results: EPS: NT$3.99 (down from NT$14.88 in FY 2021). Revenue: NT$1.47b (down 49% from FY 2021). Net income: NT$275.4m (down 73% from FY 2021). Profit margin: 19% (down from 36% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$222, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 23% over the past three years.Price Target Changed • Nov 16Price target decreased to NT$233Down from NT$278, the current price target is an average from 2 analysts. New target price is 31% above last closing price of NT$178. Stock is down 57% over the past year. The company posted earnings per share of NT$14.88 last year.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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Financial Director & Independent Director Yu-Hui Ning was the last independent director to join the board, commencing their role in 2022. 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$0.96 (vs NT$4.13 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.96 (down from NT$4.13 in 3Q 2021). Revenue: NT$324.1m (down 56% from 3Q 2021). Net income: NT$66.1m (down 77% from 3Q 2021). Profit margin: 20% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$215, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 7.4% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.28 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.28 (down from NT$5.06 in 2Q 2021). Revenue: NT$379.3m (down 55% from 2Q 2021). Net income: NT$88.2m (down 75% from 2Q 2021). Profit margin: 23% (down from 41% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).お知らせ • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$173, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.Price Target Changed • Jun 23Price target decreased to NT$278Down from NT$348, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$200. Stock is down 62% over the past year. The company posted earnings per share of NT$14.88 last year.お知らせ • Jun 19+ 2 more updatesAdvanced Ceramic X Corporation Announces Change of Audit CommitteeAdvanced Ceramic X Corporation announced that name of the functional committees: Audit Committee. Resume of the previous position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Ta-Wen Sun, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation. Name and resume of the new position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation; Chiu-Feng Lien, Director of Advanced Ceramic X Corporation; and Yu-Hui Ning, Financial Director of Advanced Ceramic X Corporation.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$241, the stock trades at a trailing P/E ratio of 20.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$1.16 (vs NT$4.10 in 1Q 2021)First quarter 2022 results: EPS: NT$1.16 (down from NT$4.10 in 1Q 2021). Revenue: NT$404.6m (down 46% from 1Q 2021). Net income: NT$79.9m (down 72% from 1Q 2021). Profit margin: 20% (down from 38% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target decreased to NT$348Down from NT$376, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$247. Stock is down 53% over the past year. The company posted earnings per share of NT$14.88 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Shang-Ming Chin was the last independent director to join the board, commencing their role in 2013. 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 • Feb 24Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$14.88 (up from NT$12.02 in FY 2020). Revenue: NT$2.85b (up 30% from FY 2020). Net income: NT$1.03b (up 24% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Over the next year, revenue is expected to shrink by 2.0% compared to a 12% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 24+ 3 more updatesAdvanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022Advanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022. Location: No.16, Tzu Chiang Road, Hsinchu Industrial Park Hsinchu County Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review report of 2021; to consider distribution of directors' and employees' compensation in 2021; to consider amendments of Corporate Social Responsibility Practice Principles; to accept 2021 business report and financial statements; to approve the proposal for distribution of 2021 earnings; to approve the amendment to Procedures for Acquisition or Disposal of Assets; and to lift non-competition restrictions on newly elected board members.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$414, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$4.12 (vs NT$2.93 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$738.4m (up 33% from 3Q 2020). Net income: NT$284.7m (up 41% from 3Q 2020). Profit margin: 39% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$364, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.Executive Departure • Aug 27Financial Director, Financial and Accounting Officer & Company Secretary Mei-Lan Peng has left the companyOn the 25th of August, Mei-Lan Peng's tenure as Financial Director, Financial and Accounting Officer & Company Secretary ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mei-Lan's name. Mei-Lan is the only executive to leave the company over the last 12 months.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$2.80 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$851.3m (up 64% from 2Q 2020). Net income: NT$349.0m (up 81% from 2Q 2020). Profit margin: 41% (up from 37% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 15Advanced Ceramic X Corporation Provides Earnings Guidance for the Year 2021Advanced Ceramic X Corporation provided earnings guidance for the year 2021. The company's income will growth by more than 60% and EPS will be TWD 5 in second quarter of 2021. Estimate revenue TWD 3.6 billion, growth of more than 70% and EPS will be TWD 20 in 2021.Price Target Changed • May 14Price target decreased to NT$624Down from NT$704, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$442. Stock is up 50% over the past year.Price Target Changed • Mar 18Price target increased to NT$675Up from NT$583, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$569. Stock is up 160% over the past year.分析記事 • Mar 04Would Advanced Ceramic X Corporation (GTSM:3152) Be Valuable To Income Investors?Is Advanced Ceramic X Corporation ( GTSM:3152 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Mar 03New 90-day high: NT$530The company is up 14% from its price of NT$466 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 7.0% over the same period.お知らせ • Feb 24Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021. Location: No.165, Hanyang Road, Hsinchu Industrial Park, Hukou Township Hsinchu County Taiwan Agenda: To consider 2020 business report; to consider Audit Committee's review report of 2020; to consider Distribution of directors' and employees' compensation in 2020; to consider Amendments of Codes of Ethical Conduct; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 earnings; and to consider other matters.Reported Earnings • Feb 24Full year 2020 earnings released: EPS NT$12.02 (vs NT$9.37 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.19b (up 28% from FY 2019). Net income: NT$829.9m (up 28% from FY 2019). Profit margin: 38% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 28%, compared to a 16% growth forecast for the Communications industry in Taiwan.分析記事 • Feb 14Should You Be Impressed By Advanced Ceramic X's (GTSM:3152) Returns on Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...分析記事 • Jan 30At NT$456, Is It Time To Put Advanced Ceramic X Corporation (GTSM:3152) On Your Watch List?Advanced Ceramic X Corporation ( GTSM:3152 ), is not the largest company out there, but it received a lot of attention...Price Target Changed • Jan 26Price target raised to NT$565Up from NT$527, the current price target is provided by 1 analyst. The new target price is 19% above the current share price of NT$473. As of last close, the stock is up 39% over the past year.分析記事 • Jan 14We Wouldn't Rely On Advanced Ceramic X's (GTSM:3152) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...分析記事 • Dec 30Shareholders Of Advanced Ceramic X (GTSM:3152) Must Be Happy With Their 239% Total ReturnWhen 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 • Dec 15Advanced Ceramic X Corporation's (GTSM:3152) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Advanced Ceramic X's (GTSM:3152) stock is up by a considerable 21% over the past month. Given that stock prices are...Is New 90 Day High Low • Dec 08New 90-day high: NT$468The company is up 19% from its price of NT$392 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 12% over the same period.分析記事 • Nov 30Is Advanced Ceramic X Corporation's (GTSM:3152) 2.0% Dividend Worth Your Time?Is Advanced Ceramic X Corporation (GTSM:3152) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Nov 20New 90-day high: NT$433The company is up 29% from its price of NT$336 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 8.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$2.93The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$555.2m (up 34% from 3Q 2019). Net income: NT$202.1m (up 29% from 3Q 2019). Profit margin: 36% (down from 38% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.株主還元3152TW CommunicationsTW 市場7D-3.9%-6.5%-1.7%1Y2.0%85.0%81.1%株主還元を見る業界別リターン: 3152過去 1 年間で85 % の収益を上げたTW Communications業界を下回りました。リターン対市場: 3152は、過去 1 年間で81.1 % のリターンを上げたTW市場を下回りました。価格変動Is 3152's price volatile compared to industry and market?3152 volatility3152 Average Weekly Movement9.9%Communications Industry Average Movement7.9%Market Average Movement6.6%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.7%安定した株価: 3152の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3152の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1998272Chien-Wen Kuowww.acxc.com.twアドバンスト・セラミックX社は、台湾、中国、米国、および国際的に無線通信アプリケーション用のRFフロントエンドデバイスおよびモジュールの設計、製造、販売を行っている。アンテナ、アンテナスイッチモジュール、チップアンテナ、ブルートゥースモジュール、カプラ、カプラフィルタ、ローパス、ハイパス、バランス、バンドパスフィルタ、フィルタアレイ、ダイプレクサ、トリプレクサ、ペンタプレクサ、パワーデバイダ、高周波インダクタ、RFチップセラミックデバイスなどを提供している。アドバンスト・セラミックX社は1998年に設立され、台湾の新竹市に本社を置いている。もっと見るAdvanced Ceramic X Corporation 基礎のまとめAdvanced Ceramic X の収益と売上を時価総額と比較するとどうか。3152 基礎統計学時価総額NT$8.62b収益（TTM）NT$645.23m売上高(TTM)NT$1.39b13.4xPER（株価収益率6.2xP/Sレシオ3152 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3152 損益計算書（TTM）収益NT$1.39b売上原価NT$791.68m売上総利益NT$600.49mその他の費用-NT$44.75m収益NT$645.23m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）16.54グロス・マージン43.13%純利益率46.35%有利子負債／自己資本比率0%3152 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.2%現在の配当利回り43%配当性向3152 配当は確実ですか？3152 配当履歴とベンチマークを見る3152 、いつまでに購入すれば配当金を受け取れますか？Advanced Ceramic X 配当日配当落ち日Aug 06 2026配当支払日Sep 02 2026配当落ちまでの日数3 days配当支払日までの日数30 days3152 配当は確実ですか？3152 配当履歴とベンチマークを見るView Valuation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2026/08/01 17:55終値2026/07/31 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Advanced Ceramic X 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。5 アナリスト機関Sebastian HouCLSAnull nullCLSA SinopacRoger HuangKGI Securities Co. Ltd.2 その他のアナリストを表示
Declared Dividend • Jul 23Dividend of NT$7.11 announcedShareholders will receive a dividend of NT$7.11. Ex-date: 6th August 2026 Payment date: 2nd September 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$233, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total loss to shareholders of 28% over the past three years.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$293, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.
New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major 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 Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$221, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 35x in the Communications industry in Taiwan. Total returns to shareholders of 7.2% over the past three years.
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$200, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total returns to shareholders of 5.2% over the past three years.
Declared Dividend • Jul 23Dividend of NT$7.11 announcedShareholders will receive a dividend of NT$7.11. Ex-date: 6th August 2026 Payment date: 2nd September 2026 Dividend yield will be 6.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$233, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 31x in the Communications industry in Taiwan. Total loss to shareholders of 28% over the past three years.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$293, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.
New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major 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 Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$221, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 35x in the Communications industry in Taiwan. Total returns to shareholders of 7.2% over the past three years.
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$200, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 36x in the Communications industry in Taiwan. Total returns to shareholders of 5.2% over the past three years.
Reported Earnings • May 06First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.46 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.46 in 1Q 2025). Revenue: NT$352.4m (down 8.8% from 1Q 2025). Net income: NT$95.9m (down 5.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$156, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total loss to shareholders of 27% over the past three years.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$131, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total loss to shareholders of 32% over the past three years.
New Risk • Feb 20New 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 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 135% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. 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 (8.0% average weekly change). Large one-off items impacting financial results.
お知らせ • Jan 21Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026, at 09:00 Taipei Standard Time. Location: no,165, han yang rd., hukou township, hsinchu county Taiwan
Reported Earnings • Jan 21Full year 2025 earnings released: EPS: NT$9.42 (vs NT$6.21 in FY 2024)Full year 2025 results: EPS: NT$9.42 (up from NT$6.21 in FY 2024). Revenue: NT$1.43b (down 16% from FY 2024). Net income: NT$650.3m (up 52% from FY 2024). Profit margin: 46% (up from 25% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jan 13Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$165. The fair value is estimated to be NT$131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%.
New Risk • Dec 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 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. 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 (6.5% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$129, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.
New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 114% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13 (down from NT$1.43 in 3Q 2024). Revenue: NT$338.3m (down 21% from 3Q 2024). Net income: NT$77.7m (down 21% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to NT$112. The fair value is estimated to be NT$140, 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 16%.
New Risk • Aug 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$139, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 19% over the past three years.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$5.63 (vs NT$1.44 in 2Q 2024)Second quarter 2025 results: EPS: NT$5.63 (up from NT$1.44 in 2Q 2024). Revenue: NT$356.6m (down 12% from 2Q 2024). Net income: NT$388.8m (up 290% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 12Advanced Ceramic X Corporation Approves Directorate ChangesAdvanced Ceramic X Corporation Announced Election of Independent director: Wei-Chiao Chen. Date of the shareholders' meeting: June 11, 2025. Title and name of the previous position holder: Independent director: Shang-Ming Chin. Effective date of the new appointment: June 11, 2025.
お知らせ • Apr 22Advanced Ceramic X Corporation to Report Q1, 2025 Results on Apr 29, 2025Advanced Ceramic X Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$117, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total loss to shareholders of 51% over the past three years.
Buy Or Sell Opportunity • Apr 06Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to NT$143. The fair value is estimated to be NT$118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 32%.
New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Earnings have declined by 22% per year over the past 5 years.
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$6.21 (vs NT$4.09 in FY 2023)Full year 2024 results: EPS: NT$6.21 (up from NT$4.09 in FY 2023). Revenue: NT$1.69b (up 14% from FY 2023). Net income: NT$428.6m (up 52% from FY 2023). Profit margin: 25% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.
お知らせ • Feb 18Advanced Ceramic X Corporation to Report Q4, 2024 Results on Feb 25, 2025Advanced Ceramic X Corporation announced that they will report Q4, 2024 results on Feb 25, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$1.43 (vs NT$1.32 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.43 (up from NT$1.32 in 3Q 2023). Revenue: NT$428.6m (up 8.2% from 3Q 2023). Net income: NT$98.8m (up 8.7% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 29Advanced Ceramic X Corporation to Report Q3, 2024 Results on Nov 05, 2024Advanced Ceramic X Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.44 (up from NT$0.93 in 2Q 2023). Revenue: NT$404.1m (up 12% from 2Q 2023). Net income: NT$99.6m (up 56% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
お知らせ • Jul 18Advanced Ceramic X Corporation to Report Q2, 2024 Results on Jul 30, 2024Advanced Ceramic X Corporation announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Jul 30, 2024
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.76 (vs NT$0.63 in 1Q 2023)First quarter 2024 results: EPS: NT$1.76 (up from NT$0.63 in 1Q 2023). Revenue: NT$402.5m (up 27% from 1Q 2023). Net income: NT$121.3m (up 177% from 1Q 2023). Profit margin: 30% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
New Risk • Apr 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 16% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.09 (vs NT$3.99 in FY 2022)Full year 2023 results: EPS: NT$4.09 (up from NT$3.99 in FY 2022). Revenue: NT$1.49b (up 1.6% from FY 2022). Net income: NT$282.4m (up 2.6% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 28+ 3 more updatesAdvanced Ceramic X Corporation Announces Financial Officer ChangesAdvanced Ceramic X Corporation announced change of financial officer. Name of the previous position holder: Ching-Yao Peng, financial officer, financial director of ACX. Name of the new position holder: Hsien-Liang Chou, financial officer, financial manager of ACX. Effective date of the new appointment: November 29, 2023. Reason for the change: position adjustment. Any other matters that need to be specified: Effective by February 27, 2024 through board of director meeting.
Price Target Changed • Nov 30Price target increased by 8.1% to NT$300Up from NT$278, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$262. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.10 for next year compared to NT$3.99 last year.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$273, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 31% over the past three years.
New Risk • Nov 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: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
お知らせ • Aug 18Advanced Ceramic X Corporation Announces Change of Representative of Juristic-Person DirectorsAdvanced Ceramic X Corporation announced change of representative of juristic-person directors. Name of legal person: Kuo Chia Fu Investment Corporation. Name of the previous position holder: Yung-Fu Kuo, Director of Advanced Ceramic X Corporation. Name of the new position holder: Cheng-Hsin Kuo, GM's Special Assistant of Kuo Chia Fu Investment Corporation. Effective date of the new appointment: August 17, 2023.
Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.93 (vs NT$1.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.93 (down from NT$1.28 in 2Q 2022). Revenue: NT$359.7m (down 5.2% from 2Q 2022). Net income: NT$63.9m (down 28% from 2Q 2022). Profit margin: 18% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$3.99 (vs NT$14.88 in FY 2021)Full year 2022 results: EPS: NT$3.99 (down from NT$14.88 in FY 2021). Revenue: NT$1.47b (down 49% from FY 2021). Net income: NT$275.4m (down 73% from FY 2021). Profit margin: 19% (down from 36% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$222, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 23% over the past three years.
Price Target Changed • Nov 16Price target decreased to NT$233Down from NT$278, the current price target is an average from 2 analysts. New target price is 31% above last closing price of NT$178. Stock is down 57% over the past year. The company posted earnings per share of NT$14.88 last year.
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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Financial Director & Independent Director Yu-Hui Ning was the last independent director to join the board, commencing their role in 2022. 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$0.96 (vs NT$4.13 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.96 (down from NT$4.13 in 3Q 2021). Revenue: NT$324.1m (down 56% from 3Q 2021). Net income: NT$66.1m (down 77% from 3Q 2021). Profit margin: 20% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$215, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 7.4% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.28 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.28 (down from NT$5.06 in 2Q 2021). Revenue: NT$379.3m (down 55% from 2Q 2021). Net income: NT$88.2m (down 75% from 2Q 2021). Profit margin: 23% (down from 41% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).
お知らせ • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$173, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.
Price Target Changed • Jun 23Price target decreased to NT$278Down from NT$348, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$200. Stock is down 62% over the past year. The company posted earnings per share of NT$14.88 last year.
お知らせ • Jun 19+ 2 more updatesAdvanced Ceramic X Corporation Announces Change of Audit CommitteeAdvanced Ceramic X Corporation announced that name of the functional committees: Audit Committee. Resume of the previous position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Ta-Wen Sun, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation. Name and resume of the new position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation; Chiu-Feng Lien, Director of Advanced Ceramic X Corporation; and Yu-Hui Ning, Financial Director of Advanced Ceramic X Corporation.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$241, the stock trades at a trailing P/E ratio of 20.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.
Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$1.16 (vs NT$4.10 in 1Q 2021)First quarter 2022 results: EPS: NT$1.16 (down from NT$4.10 in 1Q 2021). Revenue: NT$404.6m (down 46% from 1Q 2021). Net income: NT$79.9m (down 72% from 1Q 2021). Profit margin: 20% (down from 38% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target decreased to NT$348Down from NT$376, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$247. Stock is down 53% over the past year. The company posted earnings per share of NT$14.88 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Shang-Ming Chin was the last independent director to join the board, commencing their role in 2013. 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 • Feb 24Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$14.88 (up from NT$12.02 in FY 2020). Revenue: NT$2.85b (up 30% from FY 2020). Net income: NT$1.03b (up 24% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Over the next year, revenue is expected to shrink by 2.0% compared to a 12% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 24+ 3 more updatesAdvanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022Advanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022. Location: No.16, Tzu Chiang Road, Hsinchu Industrial Park Hsinchu County Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review report of 2021; to consider distribution of directors' and employees' compensation in 2021; to consider amendments of Corporate Social Responsibility Practice Principles; to accept 2021 business report and financial statements; to approve the proposal for distribution of 2021 earnings; to approve the amendment to Procedures for Acquisition or Disposal of Assets; and to lift non-competition restrictions on newly elected board members.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$414, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$4.12 (vs NT$2.93 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$738.4m (up 33% from 3Q 2020). Net income: NT$284.7m (up 41% from 3Q 2020). Profit margin: 39% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$364, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.
Executive Departure • Aug 27Financial Director, Financial and Accounting Officer & Company Secretary Mei-Lan Peng has left the companyOn the 25th of August, Mei-Lan Peng's tenure as Financial Director, Financial and Accounting Officer & Company Secretary ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mei-Lan's name. Mei-Lan is the only executive to leave the company over the last 12 months.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$2.80 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$851.3m (up 64% from 2Q 2020). Net income: NT$349.0m (up 81% from 2Q 2020). Profit margin: 41% (up from 37% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 15Advanced Ceramic X Corporation Provides Earnings Guidance for the Year 2021Advanced Ceramic X Corporation provided earnings guidance for the year 2021. The company's income will growth by more than 60% and EPS will be TWD 5 in second quarter of 2021. Estimate revenue TWD 3.6 billion, growth of more than 70% and EPS will be TWD 20 in 2021.
Price Target Changed • May 14Price target decreased to NT$624Down from NT$704, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$442. Stock is up 50% over the past year.
Price Target Changed • Mar 18Price target increased to NT$675Up from NT$583, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$569. Stock is up 160% over the past year.
分析記事 • Mar 04Would Advanced Ceramic X Corporation (GTSM:3152) Be Valuable To Income Investors?Is Advanced Ceramic X Corporation ( GTSM:3152 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Mar 03New 90-day high: NT$530The company is up 14% from its price of NT$466 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 7.0% over the same period.
お知らせ • Feb 24Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021. Location: No.165, Hanyang Road, Hsinchu Industrial Park, Hukou Township Hsinchu County Taiwan Agenda: To consider 2020 business report; to consider Audit Committee's review report of 2020; to consider Distribution of directors' and employees' compensation in 2020; to consider Amendments of Codes of Ethical Conduct; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 earnings; and to consider other matters.
Reported Earnings • Feb 24Full year 2020 earnings released: EPS NT$12.02 (vs NT$9.37 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.19b (up 28% from FY 2019). Net income: NT$829.9m (up 28% from FY 2019). Profit margin: 38% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 28%, compared to a 16% growth forecast for the Communications industry in Taiwan.
分析記事 • Feb 14Should You Be Impressed By Advanced Ceramic X's (GTSM:3152) Returns on Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
分析記事 • Jan 30At NT$456, Is It Time To Put Advanced Ceramic X Corporation (GTSM:3152) On Your Watch List?Advanced Ceramic X Corporation ( GTSM:3152 ), is not the largest company out there, but it received a lot of attention...
Price Target Changed • Jan 26Price target raised to NT$565Up from NT$527, the current price target is provided by 1 analyst. The new target price is 19% above the current share price of NT$473. As of last close, the stock is up 39% over the past year.
分析記事 • Jan 14We Wouldn't Rely On Advanced Ceramic X's (GTSM:3152) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
分析記事 • Dec 30Shareholders Of Advanced Ceramic X (GTSM:3152) Must Be Happy With Their 239% Total ReturnWhen 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 • Dec 15Advanced Ceramic X Corporation's (GTSM:3152) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Advanced Ceramic X's (GTSM:3152) stock is up by a considerable 21% over the past month. Given that stock prices are...
Is New 90 Day High Low • Dec 08New 90-day high: NT$468The company is up 19% from its price of NT$392 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 12% over the same period.
分析記事 • Nov 30Is Advanced Ceramic X Corporation's (GTSM:3152) 2.0% Dividend Worth Your Time?Is Advanced Ceramic X Corporation (GTSM:3152) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Nov 20New 90-day high: NT$433The company is up 29% from its price of NT$336 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 8.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$2.93The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$555.2m (up 34% from 3Q 2019). Net income: NT$202.1m (up 29% from 3Q 2019). Profit margin: 36% (down from 38% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
