View Financial HealthKingstate Electronics 配当と自社株買い配当金 基準チェック /46Kingstate Electronics配当を支払う会社であり、現在の利回りは4.36%で、収益によって十分にカバーされています。主要情報4.4%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長10.9%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向74%最近の配当と自社株買いの更新Declared Dividend • Jul 10Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).Upcoming Dividend • Aug 17Upcoming dividend of NT$2.20 per share at 4.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.2%).Upcoming Dividend • Aug 18Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).Upcoming Dividend • Aug 24Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 27 September 2021. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%).すべての更新を表示Recent updatesNew Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (8.5% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (NT$2.24b market cap, or US$71.2m).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.02 (vs NT$4.10 in FY 2024)Full year 2025 results: EPS: NT$2.02 (down from NT$4.10 in FY 2024). Revenue: NT$3.19b (down 13% from FY 2024). Net income: NT$119.1m (down 51% from FY 2024). Profit margin: 3.7% (down from 6.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Mar 04Kingstate Electronics Corp., Annual General Meeting, May 22, 2026Kingstate Electronics Corp., Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: 5 floor no,89, hsueh fu rd., danshuei district, new taipei city TaiwanValuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$38.25, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.66 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.38 (down from NT$0.66 in 3Q 2024). Revenue: NT$763.6m (down 25% from 3Q 2024). Net income: NT$22.2m (down 43% from 3Q 2024). Profit margin: 2.9% (down from 3.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Declared Dividend • Jul 10Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$72.5m).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.62 (vs NT$1.21 in 1Q 2024)First quarter 2025 results: EPS: NT$0.62 (down from NT$1.21 in 1Q 2024). Revenue: NT$830.3m (up 3.7% from 1Q 2024). Net income: NT$36.6m (down 49% from 1Q 2024). Profit margin: 4.4% (down from 8.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year.Buy Or Sell Opportunity • Apr 09Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to NT$31.50. The fair value is estimated to be NT$41.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has grown by 18%.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$34.55, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$4.10 (vs NT$4.82 in FY 2023)Full year 2024 results: EPS: NT$4.10 (down from NT$4.82 in FY 2023). Revenue: NT$3.68b (up 3.5% from FY 2023). Net income: NT$241.7m (down 15% from FY 2023). Profit margin: 6.6% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.お知らせ • Mar 14Kingstate Electronics Corp., Annual General Meeting, May 29, 2025Kingstate Electronics Corp., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,89, hsueh fu rd., danshuei district, new taipei city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.66 (vs NT$1.46 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.66 (down from NT$1.46 in 3Q 2023). Revenue: NT$1.02b (up 5.6% from 3Q 2023). Net income: NT$38.7m (down 55% from 3Q 2023). Profit margin: 3.8% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.66 (vs NT$2.04 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.66 (down from NT$2.04 in 2Q 2023). Revenue: NT$1.04b (up 7.0% from 2Q 2023). Net income: NT$97.9m (down 18% from 2Q 2023). Profit margin: 9.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to NT$44.70. The fair value is estimated to be NT$57.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has grown by 25%.Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.21 (vs NT$0.96 in 1Q 2023)First quarter 2024 results: EPS: NT$1.21 (up from NT$0.96 in 1Q 2023). Revenue: NT$801.1m (down 2.0% from 1Q 2023). Net income: NT$71.3m (up 26% from 1Q 2023). Profit margin: 8.9% (up from 6.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$4.82 (vs NT$3.60 in FY 2022)Full year 2023 results: EPS: NT$4.82 (up from NT$3.60 in FY 2022). Revenue: NT$3.55b (down 14% from FY 2022). Net income: NT$284.1m (up 34% from FY 2022). Profit margin: 8.0% (up from 5.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 15Kingstate Electronics Corp., Annual General Meeting, May 31, 2024Kingstate Electronics Corp., Annual General Meeting, May 31, 2024.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$1.46 (vs NT$1.44 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.46 (up from NT$1.44 in 3Q 2022). Revenue: NT$961.5m (down 12% from 3Q 2022). Net income: NT$86.2m (up 1.3% from 3Q 2022). Profit margin: 9.0% (up from 7.8% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.Upcoming Dividend • Aug 17Upcoming dividend of NT$2.20 per share at 4.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.2%).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$2.03 (vs NT$1.20 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.03 (up from NT$1.20 in 2Q 2022). Revenue: NT$975.2m (down 16% from 2Q 2022). Net income: NT$119.9m (up 69% from 2Q 2022). Profit margin: 12% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$46.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$3.60 (vs NT$2.39 in FY 2021)Full year 2022 results: EPS: NT$3.60 (up from NT$2.39 in FY 2021). Revenue: NT$4.15b (down 2.7% from FY 2021). Net income: NT$212.1m (up 62% from FY 2021). Profit margin: 5.1% (up from 3.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 18Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$1.20 (vs NT$0.80 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.20 (up from NT$0.80 in 2Q 2021). Revenue: NT$1.15b (up 2.6% from 2Q 2021). Net income: NT$70.9m (up 65% from 2Q 2021). Profit margin: 6.1% (up from 3.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.56 in 1Q 2021)First quarter 2022 results: EPS: NT$0.68 (up from NT$0.56 in 1Q 2021). Revenue: NT$989.2m (up 6.4% from 1Q 2021). Net income: NT$39.9m (up 31% from 1Q 2021). Profit margin: 4.0% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.39 (down from NT$2.90 in FY 2020). Revenue: NT$4.26b (up 26% from FY 2020). Net income: NT$131.3m (down 16% from FY 2020). Profit margin: 3.1% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$0.88 (vs NT$1.18 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.13b (up 11% from 3Q 2020). Net income: NT$47.3m (down 26% from 3Q 2020). Profit margin: 4.2% (down from 6.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.Upcoming Dividend • Aug 24Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 27 September 2021. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.80 (vs NT$0.84 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.13b (up 72% from 2Q 2020). Net income: NT$43.0m (down 4.5% from 2Q 2020). Profit margin: 3.8% (down from 6.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year.Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.51 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$929.8m (up 62% from 1Q 2020). Net income: NT$30.3m (up 10% from 1Q 2020). Profit margin: 3.3% (down from 4.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 15How Does Kingstate Electronics Corp. (GTSM:3206) Fare As A Dividend Stock?Today we'll take a closer look at Kingstate Electronics Corp. ( GTSM:3206 ) from a dividend investor's perspective...Reported Earnings • Apr 03Full year 2020 earnings released: EPS NT$2.90 (vs NT$3.15 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.39b (up 1.0% from FY 2019). Net income: NT$156.4m (down 8.0% from FY 2019). Profit margin: 4.6% (down from 5.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 28Here's Why Kingstate Electronics (GTSM:3206) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Mar 19Kingstate Electronics Corp., Annual General Meeting, Jun 07, 2021Kingstate Electronics Corp., Annual General Meeting, Jun 07, 2021.Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$2.90 (vs NT$3.15 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.39b (up 1.0% from FY 2019). Net income: NT$156.4m (down 8.0% from FY 2019). Profit margin: 4.6% (down from 5.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 08Is There More Growth In Store For Kingstate Electronics' (GTSM:3206) Returns On Capital?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Feb 14Is Kingstate Electronics Corp.'s(GTSM:3206) Recent Stock Performance Tethered To Its Strong Fundamentals?Kingstate Electronics (GTSM:3206) has had a great run on the share market with its stock up by a significant 13% over...分析記事 • Jan 24Kingstate Electronics (GTSM:3206) Has Gifted Shareholders With A Fantastic 143% Total Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...分析記事 • Jan 03Key Things To Watch Out For If You Are After Kingstate Electronics Corp.'s (GTSM:3206) 4.2% DividendDividend paying stocks like Kingstate Electronics Corp. ( GTSM:3206 ) tend to be popular with investors, and for good...Valuation Update With 7 Day Price Move • Dec 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$37.45, the stock is trading at a trailing P/E ratio of 12.7x, down from the previous P/E ratio of 15.9x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 82%.Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$47.10, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 137%.Is New 90 Day High Low • Dec 16New 90-day high: NT$41.00The company is up 31% from its price of NT$31.40 on 18 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$40.25, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 103%.分析記事 • Dec 07Returns On Capital - An Important Metric For Kingstate Electronics (GTSM:3206)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Is New 90 Day High Low • Nov 28New 90-day high: NT$32.95The company is up 17% from its price of NT$28.20 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$1.18The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.02b (up 5.6% from 3Q 2019). Net income: NT$63.8m (down 5.9% from 3Q 2019). Profit margin: 6.3% (down from 7.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.決済の安定と成長配当データの取得安定した配当: 3206の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 3206の配当金は過去10年間にわたって増加しています。配当利回り対市場Kingstate Electronics 配当利回り対市場3206 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (3206)4.4%市場下位25% (TW)1.5%市場トップ25% (TW)5.0%業界平均 (Electronic)1.4%アナリスト予想 (3206) (最長3年)n/a注目すべき配当: 3206の配当金 ( 4.36% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) よりも高くなっています。高配当: 3206の配当金 ( 4.36% ) はTW市場の配当金支払者の上位 25% ( 5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 3206の配当金は、合理的な 配当性向 ( 74.2% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 3206の 現金配当性向 ( 37.9% ) は比較的低く、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 19:02終値2026/05/07 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kingstate Electronics Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Declared Dividend • Jul 10Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).
Upcoming Dividend • Aug 17Upcoming dividend of NT$2.20 per share at 4.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.2%).
Upcoming Dividend • Aug 18Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).
Upcoming Dividend • Aug 24Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 27 September 2021. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%).
New Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (8.5% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (NT$2.24b market cap, or US$71.2m).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.02 (vs NT$4.10 in FY 2024)Full year 2025 results: EPS: NT$2.02 (down from NT$4.10 in FY 2024). Revenue: NT$3.19b (down 13% from FY 2024). Net income: NT$119.1m (down 51% from FY 2024). Profit margin: 3.7% (down from 6.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 04Kingstate Electronics Corp., Annual General Meeting, May 22, 2026Kingstate Electronics Corp., Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: 5 floor no,89, hsueh fu rd., danshuei district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$38.25, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$0.38 (vs NT$0.66 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.38 (down from NT$0.66 in 3Q 2024). Revenue: NT$763.6m (down 25% from 3Q 2024). Net income: NT$22.2m (down 43% from 3Q 2024). Profit margin: 2.9% (down from 3.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 10Dividend of NT$2.50 announcedDividend of NT$2.50 is the same as last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$72.5m).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.62 (vs NT$1.21 in 1Q 2024)First quarter 2025 results: EPS: NT$0.62 (down from NT$1.21 in 1Q 2024). Revenue: NT$830.3m (up 3.7% from 1Q 2024). Net income: NT$36.6m (down 49% from 1Q 2024). Profit margin: 4.4% (down from 8.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year.
Buy Or Sell Opportunity • Apr 09Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to NT$31.50. The fair value is estimated to be NT$41.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has grown by 18%.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$34.55, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$4.10 (vs NT$4.82 in FY 2023)Full year 2024 results: EPS: NT$4.10 (down from NT$4.82 in FY 2023). Revenue: NT$3.68b (up 3.5% from FY 2023). Net income: NT$241.7m (down 15% from FY 2023). Profit margin: 6.6% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.
お知らせ • Mar 14Kingstate Electronics Corp., Annual General Meeting, May 29, 2025Kingstate Electronics Corp., Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,89, hsueh fu rd., danshuei district, new taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.66 (vs NT$1.46 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.66 (down from NT$1.46 in 3Q 2023). Revenue: NT$1.02b (up 5.6% from 3Q 2023). Net income: NT$38.7m (down 55% from 3Q 2023). Profit margin: 3.8% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.66 (vs NT$2.04 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.66 (down from NT$2.04 in 2Q 2023). Revenue: NT$1.04b (up 7.0% from 2Q 2023). Net income: NT$97.9m (down 18% from 2Q 2023). Profit margin: 9.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to NT$44.70. The fair value is estimated to be NT$57.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has grown by 25%.
Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.21 (vs NT$0.96 in 1Q 2023)First quarter 2024 results: EPS: NT$1.21 (up from NT$0.96 in 1Q 2023). Revenue: NT$801.1m (down 2.0% from 1Q 2023). Net income: NT$71.3m (up 26% from 1Q 2023). Profit margin: 8.9% (up from 6.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$4.82 (vs NT$3.60 in FY 2022)Full year 2023 results: EPS: NT$4.82 (up from NT$3.60 in FY 2022). Revenue: NT$3.55b (down 14% from FY 2022). Net income: NT$284.1m (up 34% from FY 2022). Profit margin: 8.0% (up from 5.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 15Kingstate Electronics Corp., Annual General Meeting, May 31, 2024Kingstate Electronics Corp., Annual General Meeting, May 31, 2024.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$1.46 (vs NT$1.44 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.46 (up from NT$1.44 in 3Q 2022). Revenue: NT$961.5m (down 12% from 3Q 2022). Net income: NT$86.2m (up 1.3% from 3Q 2022). Profit margin: 9.0% (up from 7.8% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
Upcoming Dividend • Aug 17Upcoming dividend of NT$2.20 per share at 4.7% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.2%).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$2.03 (vs NT$1.20 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.03 (up from NT$1.20 in 2Q 2022). Revenue: NT$975.2m (down 16% from 2Q 2022). Net income: NT$119.9m (up 69% from 2Q 2022). Profit margin: 12% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$46.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$3.60 (vs NT$2.39 in FY 2021)Full year 2022 results: EPS: NT$3.60 (up from NT$2.39 in FY 2021). Revenue: NT$4.15b (down 2.7% from FY 2021). Net income: NT$212.1m (up 62% from FY 2021). Profit margin: 5.1% (up from 3.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 18Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$1.20 (vs NT$0.80 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.20 (up from NT$0.80 in 2Q 2021). Revenue: NT$1.15b (up 2.6% from 2Q 2021). Net income: NT$70.9m (up 65% from 2Q 2021). Profit margin: 6.1% (up from 3.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.56 in 1Q 2021)First quarter 2022 results: EPS: NT$0.68 (up from NT$0.56 in 1Q 2021). Revenue: NT$989.2m (up 6.4% from 1Q 2021). Net income: NT$39.9m (up 31% from 1Q 2021). Profit margin: 4.0% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.39 (down from NT$2.90 in FY 2020). Revenue: NT$4.26b (up 26% from FY 2020). Net income: NT$131.3m (down 16% from FY 2020). Profit margin: 3.1% (down from 4.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$0.88 (vs NT$1.18 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.13b (up 11% from 3Q 2020). Net income: NT$47.3m (down 26% from 3Q 2020). Profit margin: 4.2% (down from 6.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.
Upcoming Dividend • Aug 24Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 27 September 2021. Trailing yield: 6.2%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.80 (vs NT$0.84 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.13b (up 72% from 2Q 2020). Net income: NT$43.0m (down 4.5% from 2Q 2020). Profit margin: 3.8% (down from 6.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year.
Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.51 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$929.8m (up 62% from 1Q 2020). Net income: NT$30.3m (up 10% from 1Q 2020). Profit margin: 3.3% (down from 4.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 15How Does Kingstate Electronics Corp. (GTSM:3206) Fare As A Dividend Stock?Today we'll take a closer look at Kingstate Electronics Corp. ( GTSM:3206 ) from a dividend investor's perspective...
Reported Earnings • Apr 03Full year 2020 earnings released: EPS NT$2.90 (vs NT$3.15 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.39b (up 1.0% from FY 2019). Net income: NT$156.4m (down 8.0% from FY 2019). Profit margin: 4.6% (down from 5.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 28Here's Why Kingstate Electronics (GTSM:3206) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Mar 19Kingstate Electronics Corp., Annual General Meeting, Jun 07, 2021Kingstate Electronics Corp., Annual General Meeting, Jun 07, 2021.
Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$2.90 (vs NT$3.15 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$3.39b (up 1.0% from FY 2019). Net income: NT$156.4m (down 8.0% from FY 2019). Profit margin: 4.6% (down from 5.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 08Is There More Growth In Store For Kingstate Electronics' (GTSM:3206) Returns On Capital?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Feb 14Is Kingstate Electronics Corp.'s(GTSM:3206) Recent Stock Performance Tethered To Its Strong Fundamentals?Kingstate Electronics (GTSM:3206) has had a great run on the share market with its stock up by a significant 13% over...
分析記事 • Jan 24Kingstate Electronics (GTSM:3206) Has Gifted Shareholders With A Fantastic 143% Total Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
分析記事 • Jan 03Key Things To Watch Out For If You Are After Kingstate Electronics Corp.'s (GTSM:3206) 4.2% DividendDividend paying stocks like Kingstate Electronics Corp. ( GTSM:3206 ) tend to be popular with investors, and for good...
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$37.45, the stock is trading at a trailing P/E ratio of 12.7x, down from the previous P/E ratio of 15.9x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 82%.
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$47.10, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 137%.
Is New 90 Day High Low • Dec 16New 90-day high: NT$41.00The company is up 31% from its price of NT$31.40 on 18 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$40.25, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 103%.
分析記事 • Dec 07Returns On Capital - An Important Metric For Kingstate Electronics (GTSM:3206)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Is New 90 Day High Low • Nov 28New 90-day high: NT$32.95The company is up 17% from its price of NT$28.20 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS NT$1.18The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.02b (up 5.6% from 3Q 2019). Net income: NT$63.8m (down 5.9% from 3Q 2019). Profit margin: 6.3% (down from 7.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.