View Future GrowthTai-Saw TechnologyLtd 過去の業績過去 基準チェック /26Tai-Saw TechnologyLtdの収益は年間平均-38.8%の割合で減少していますが、 Electronic業界の収益は年間 増加しています。収益は年間0.6% 7.1%割合で 減少しています。 Tai-Saw TechnologyLtdの自己資本利益率は0.02%であり、純利益率は1.4%です。主要情報-38.77%収益成長率-38.88%EPS成長率Electronic 業界の成長14.81%収益成長率-7.05%株主資本利益率0.021%ネット・マージン1.37%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.36 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.36 (up from NT$0.15 in 1Q 2025). Revenue: NT$546.6m (flat on 1Q 2025). Net income: NT$37.9m (up 142% from 1Q 2025). Profit margin: 6.9% (up from 2.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$0.08 (down from NT$0.98 in FY 2024). Revenue: NT$2.23b (up 2.4% from FY 2024). Net income: NT$8.28m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.023 profit in 3Q 2024)Third quarter 2025 results: NT$0.11 loss per share (down from NT$0.023 profit in 3Q 2024). Revenue: NT$553.3m (down 2.2% from 3Q 2024). Net loss: NT$11.4m (down NT$13.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.28 profit in 2Q 2024)Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$557.7m (flat on 2Q 2024). Net loss: NT$27.6m (down 196% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.43 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$0.43 in 1Q 2024). Revenue: NT$549.6m (up 3.6% from 1Q 2024). Net income: NT$15.7m (down 65% from 1Q 2024). Profit margin: 2.9% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.お知らせ • May 01Tai-Saw Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025すべての更新を表示Recent updatesDeclared Dividend • May 29Dividend of NT$0.28 announcedShareholders will receive a dividend of NT$0.28. Ex-date: 8th July 2026 Payment date: 7th August 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%.Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.36 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.36 (up from NT$0.15 in 1Q 2025). Revenue: NT$546.6m (flat on 1Q 2025). Net income: NT$37.9m (up 142% from 1Q 2025). Profit margin: 6.9% (up from 2.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$0.08 (down from NT$0.98 in FY 2024). Revenue: NT$2.23b (up 2.4% from FY 2024). Net income: NT$8.28m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026. Location: 23 floor no,120, sec.1 chung yang w. rd., jhongli district, taoyuan city TaiwanNew Risk • Feb 06New 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 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 46x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (NT$2.93b market cap, or US$92.6m).Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.023 profit in 3Q 2024)Third quarter 2025 results: NT$0.11 loss per share (down from NT$0.023 profit in 3Q 2024). Revenue: NT$553.3m (down 2.2% from 3Q 2024). Net loss: NT$11.4m (down NT$13.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.New Risk • Nov 04New 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 6.7% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 112% Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$2.28b market cap, or US$73.6m).Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.28 profit in 2Q 2024)Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$557.7m (flat on 2Q 2024). Net loss: NT$27.6m (down 196% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 04Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 11 July 2025. Payment date: 08 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Declared Dividend • Jun 07Dividend of NT$0.90 announcedShareholders will receive a dividend of NT$0.90. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio) nor is it covered by cash flows (397% 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 43% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years.Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.43 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$0.43 in 1Q 2024). Revenue: NT$549.6m (up 3.6% from 1Q 2024). Net income: NT$15.7m (down 65% from 1Q 2024). Profit margin: 2.9% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.お知らせ • May 01Tai-Saw Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.25, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 34% over the past three years.お知らせ • Mar 07+ 1 more updateTai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 05, 2025Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 05, 2025. Location: 3 floor no,398, min ch`uan rd., jhongli district, taoyuan city TaiwanReported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.092 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.02 (down from NT$0.092 in 3Q 2023). Revenue: NT$565.8m (up 1.2% from 3Q 2023). Net income: NT$2.33m (down 75% from 3Q 2023). Profit margin: 0.4% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.お知らせ • Oct 24Tai-Saw Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Tai-Saw Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024お知らせ • Oct 22Tai-Saw Technology Co.,Ltd. Announces Executive ChangesTai-Saw Technology Co.,Ltd. announced the executive appointments. Name, title, and resume of the new position holder: Vincent Lee Executive Vice President of GM's Office/Vice President of Marketing & Sales Center; Hong-Duk Ham Senior Director of Operations Center/Director of Operations Center. Reason for the change: promotion and position adjustment. Effective date: October 21, 2024.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.017 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.28 (up from NT$0.017 in 2Q 2023). Revenue: NT$555.6m (up 5.3% from 2Q 2023). Net income: NT$28.7m (up NT$27.0m from 2Q 2023). Profit margin: 5.2% (up from 0.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 11Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 08 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.5%).Declared Dividend • Jun 03Dividend reduced to NT$0.70Dividend of NT$0.70 is 72% lower than last year. Ex-date: 18th July 2024 Payment date: 8th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (221% earnings payout ratio). However, it is covered by cash flows (62% 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 145% to bring the payout ratio under control, which is more than the 34% EPS growth achieved over the last 5 years.お知らせ • Apr 26Tai-Saw Technology Co.,Ltd. to Report Q1, 2024 Results on May 02, 2024Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2024 results on May 02, 2024Reported Earnings • Apr 03Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: NT$0.13 loss per share (down from NT$3.18 profit in FY 2022). Revenue: NT$2.13b (down 36% from FY 2022). Net loss: NT$13.6m (down 104% from profit in FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Buy Or Sell Opportunity • Mar 26Now 21% undervaluedOver the last 90 days, the stock has risen 2.9% to NT$28.10. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 14+ 1 more updateTai-Saw Technology Co.,Ltd., Annual General Meeting, May 31, 2024Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 31, 2024. Location: Pingjhen Industrial Park Service Center, No. 261,Nanfeng Rd., Pingzhen Dist., Taoyuan City Taiwan Agenda: To consider FY2023 Business Report; to consider FY2023 Audit Committee's Annual Review Report; to consider FY2023 Profit Shares of the Board and the Employees; to consider FY2023 Private Placement; to consider the status of Endorsement and Guarantee; to consider FY2023 Approval for the annual financial statement and the business report; to consider FY2023 Appreciation for the financial gain and loss; and to consider other matters.Buy Or Sell Opportunity • Mar 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$28.05. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.7% to NT$26.00. The fair value is estimated to be NT$32.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Jan 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be NT$32.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Nov 03Tai-Saw Technology Co.,Ltd. Appoints Lin, Hsiao-Hui, Manager of MIS Dept. as Information Security OfficerTai-Saw Technology Co.,Ltd. appointed LIN, HSIAO-HUI, Manager of MIS Dept. as Information Security Officer. Effective date: November 2 2023. The appointment was approved unanimously by the Board of Directors Meeting held on November 2, 2023.Buying Opportunity • Oct 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.8%. The fair value is estimated to be NT$33.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be NT$33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.Buying Opportunity • Sep 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be NT$33.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.Buying Opportunity • Aug 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$33.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.02 (vs NT$1.93 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.02 (down from NT$1.93 in 2Q 2022). Revenue: NT$527.9m (down 59% from 2Q 2022). Net income: NT$1.73m (down 99% from 2Q 2022). Profit margin: 0.3% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per share at 8.5% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 08 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).お知らせ • Jun 02Tai-Saw Technology Co.,Ltd. Announces Cash Dividends for 2022, Payable on August 8, 2023Tai-Saw Technology Co.,Ltd. announced cash dividends is TWD 260,111,025, TWD 2.5 per share for 2022. Ex-rights (Ex-dividend) date: July 17, 2023. Ex-rights (Ex-dividend) record date: July 23, 2023. Payment date of cash dividend distribution: August 8, 2023. Total of TWD 208,088,820, TWD 2 per share, is from 2022 profit. Total of TWD 52,022,205, TWD 0.5 pare share, is from capital surplus.Price Target Changed • Nov 16Price target increased to NT$39.00Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 46% above last closing price of NT$26.70. Stock is down 38% over the past year. The company is forecast to post earnings per share of NT$5.53 for next year compared to NT$5.28 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.75, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 9.8% over the past three years.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$24.90, the stock trades at a trailing P/E ratio of 3.4x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.93 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.93 (up from NT$0.56 in 2Q 2021). Revenue: NT$1.28b (up 83% from 2Q 2021). Net income: NT$197.1m (up 246% from 2Q 2021). Profit margin: 15% (up from 8.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 05Tai-Saw Technology Co.,Ltd. Announces Appointment of 1St Sustainable Development Committee MembersTai-Saw Technology Co.,Ltd. announced appointment of 1st sustainable development committee members. Name of the new position holder: (1)Huang, Yu-Tung; (2) Lin, Huei-Yuh; (3) Huang, Wen-Ho; (4) TSENG, Yu-I (5)CHEN, JUI-HUNG. Resume of the new position holder: (1) Huang, Yu-Tung:Chairman and Chief Technology Officer of TST; (2) Lin, Huei-Yuh:Independent director of TST; (3) Huang,Wen-Ho:Independent director of TST (4)TSENG, Yu-I:Independent director of TST; (5) CHEN, JUI-HUNG: General Manager of TST. Effective date of the new members is August 4, 2022~June 8, 2025.Upcoming Dividend • Jul 04Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$33.30, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 64% over the past three years.お知らせ • Jun 10+ 1 more updateTai-Saw Technology Announces Establishment of Audit CommitteeTai-Saw Technology Co.,Ltd. announced the establishment of audit committee. Effective date of the new member is June 9, 2022. Name of the new position holder:)Lin, Huei-Yuh; Huang, Wen-Ho; TSENG, YU-I. Resume of the new position holder: Lin, Huei-Yuh: Partner of BUENA VENTURE MANAGEMENT CORP. Chairman of GLORY SUN OPTO-ELECTRONICS CORP. Huang, Wen-Ho: Partner Accountant(C.P.A.) and Chair of ANSWER CPAs FIRM; TSENG, YU-I: Chairman of EDOM TECHNOLOGY CO., LTD. Director of LARGAN HEALTH AI-TECH CO., LTD. Director of AcSiP TECHNOLOGY CORP.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.82 (up from NT$0.004 loss in 1Q 2021). Revenue: NT$717.6m (up 12% from 1Q 2021). Net income: NT$83.7m (up NT$84.2m from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 23Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.85, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$43.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 158% over the past three years.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.92 (vs NT$0.36 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$817.5m (up 58% from 3Q 2020). Net income: NT$94.1m (up NT$131.0m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.Price Target Changed • Aug 13Price target increased to NT$45.00Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$34.30. Stock is up 34% over the past year.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.08 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$700.5m (up 28% from 2Q 2020). Net income: NT$57.0m (up NT$48.9m from 2Q 2020). Profit margin: 8.1% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 26Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 02 August 2021. Payment date: 03 September 2021. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).Reported Earnings • May 09First quarter 2021 earnings released: NT$0.004 loss per share (vs NT$0.019 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$639.5m (up 27% from 1Q 2020). Net loss: NT$430.0k (down 122% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 30Full year 2020 earnings released: NT$0.68 loss per share (vs NT$0.34 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$2.14b (up 5.4% from FY 2019). Net loss: NT$69.4m (loss widened 101% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.お知らせ • Mar 19Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021. Location: Hotel Kuva Chateau, No.398, Minquan Rd., Zhongli Dist Taoyuan City Taiwan Agenda: To consider report the business of 2020; to report supervisors' review report on 2020 financial statements; to report the status of 2020 private placement; to report the status of endorsements and/or guarantees for other parties; to revise codes of ethical conduct; to accept 2020 business report and financial statements; to cash dividends distributed from capital reserve; to proposal of capital increase and/or private placement; to amendments to the company's articles of incorporation; to amendments to the company's articles of incorporation; and to amendments to procedures for election of directors.分析記事 • Mar 09Here's Why Tai-Saw TechnologyLtd (GTSM:3221) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Feb 23New 90-day high: NT$24.10The company is up 7.0% from its price of NT$22.60 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.分析記事 • Feb 02Is This A Sign of Things To Come At Tai-Saw TechnologyLtd (GTSM:3221)?If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Is New 90 Day High Low • Jan 20New 90-day low: NT$20.65The company is down 7.0% from its price of NT$22.25 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.分析記事 • Dec 29Should Tai-Saw TechnologyLtd (GTSM:3221) Be Disappointed With Their 21% Profit?Buying a low-cost index fund will get you the average market return. But across the board there are plenty of stocks...分析記事 • Nov 24Tai-Saw TechnologyLtd (GTSM:3221) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Nov 12Third quarter 2020 earnings released: NT$0.36 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$517.0m (down 5.3% from 3Q 2019). Net loss: NT$37.0m (down 482% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Oct 29New 90-day low: NT$21.65The company is down 22% from its price of NT$27.90 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period.Is New 90 Day High Low • Oct 12New 90-day low: NT$22.20The company is down 8.0% from its price of NT$24.05 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.収支内訳Tai-Saw TechnologyLtd の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:3221 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 262,2283027915631 Dec 252,231827615430 Sep 252,188227115830 Jun 252,2011623216231 Mar 252,1997224116331 Dec 242,18010124516730 Sep 242,1835024916930 Jun 242,1775732017531 Mar 242,1493033618231 Dec 232,135-1433218530 Sep 232,223-4332718530 Jun 232,4044726119131 Mar 233,15724325519631 Dec 223,35832525619430 Sep 223,51276729520830 Jun 223,58876230520631 Mar 223,00962230120131 Dec 212,93153830219330 Sep 212,72210825216530 Jun 212,421-2322115231 Mar 212,270-7219814431 Dec 202,136-6918113730 Sep 202,147-5416914230 Jun 202,176-816214031 Mar 202,127-515013931 Dec 192,026-3514914530 Sep 191,880-3314614830 Jun 191,812-3115314431 Mar 191,797-1215913931 Dec 181,8513315413730 Sep 181,8977515612730 Jun 181,9018414612531 Mar 181,8946814312431 Dec 171,8433413912030 Sep 171,8854013912430 Jun 171,9062913712331 Mar 171,9095313712531 Dec 161,93910514112230 Sep 161,94312113611630 Jun 161,88516213311631 Mar 161,79512412911031 Dec 151,74910712910730 Sep 151,68110913210330 Jun 151,6818313998質の高い収益: 3221は 高品質の収益 を持っています。利益率の向上: 3221の現在の純利益率 (1.4%)は、昨年(3.3%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3221過去 5 年間で収益を上げており、収益は年間-38.8%増加しています。成長の加速: 3221は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 3221は過去 1 年間で収益成長率がマイナス ( -57.7% ) となったため、 Electronic業界平均 ( -3.3% ) と比較することが困難です。株主資本利益率高いROE: 3221の 自己資本利益率 ( 0.02% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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2026/06/04 04:57終値2026/06/04 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tai-Saw Technology Co.,Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Yong Hui YangCapital Securities CorporationAlice SuMasterlink Securities Investment Advisory
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.36 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.36 (up from NT$0.15 in 1Q 2025). Revenue: NT$546.6m (flat on 1Q 2025). Net income: NT$37.9m (up 142% from 1Q 2025). Profit margin: 6.9% (up from 2.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$0.08 (down from NT$0.98 in FY 2024). Revenue: NT$2.23b (up 2.4% from FY 2024). Net income: NT$8.28m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.023 profit in 3Q 2024)Third quarter 2025 results: NT$0.11 loss per share (down from NT$0.023 profit in 3Q 2024). Revenue: NT$553.3m (down 2.2% from 3Q 2024). Net loss: NT$11.4m (down NT$13.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.28 profit in 2Q 2024)Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$557.7m (flat on 2Q 2024). Net loss: NT$27.6m (down 196% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.43 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$0.43 in 1Q 2024). Revenue: NT$549.6m (up 3.6% from 1Q 2024). Net income: NT$15.7m (down 65% from 1Q 2024). Profit margin: 2.9% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Tai-Saw Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Declared Dividend • May 29Dividend of NT$0.28 announcedShareholders will receive a dividend of NT$0.28. Ex-date: 8th July 2026 Payment date: 7th August 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.36 (vs NT$0.15 in 1Q 2025)First quarter 2026 results: EPS: NT$0.36 (up from NT$0.15 in 1Q 2025). Revenue: NT$546.6m (flat on 1Q 2025). Net income: NT$37.9m (up 142% from 1Q 2025). Profit margin: 6.9% (up from 2.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.08 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$0.08 (down from NT$0.98 in FY 2024). Revenue: NT$2.23b (up 2.4% from FY 2024). Net income: NT$8.28m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 26, 2026. Location: 23 floor no,120, sec.1 chung yang w. rd., jhongli district, taoyuan city Taiwan
New Risk • Feb 06New 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 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 46x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (NT$2.93b market cap, or US$92.6m).
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.023 profit in 3Q 2024)Third quarter 2025 results: NT$0.11 loss per share (down from NT$0.023 profit in 3Q 2024). Revenue: NT$553.3m (down 2.2% from 3Q 2024). Net loss: NT$11.4m (down NT$13.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
New Risk • Nov 04New 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 6.7% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 112% Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$2.28b market cap, or US$73.6m).
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.27 loss per share (vs NT$0.28 profit in 2Q 2024)Second quarter 2025 results: NT$0.27 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$557.7m (flat on 2Q 2024). Net loss: NT$27.6m (down 196% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 04Upcoming dividend of NT$0.90 per shareEligible shareholders must have bought the stock before 11 July 2025. Payment date: 08 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Declared Dividend • Jun 07Dividend of NT$0.90 announcedShareholders will receive a dividend of NT$0.90. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.7%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio) nor is it covered by cash flows (397% 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 43% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.43 in 1Q 2024)First quarter 2025 results: EPS: NT$0.15 (down from NT$0.43 in 1Q 2024). Revenue: NT$549.6m (up 3.6% from 1Q 2024). Net income: NT$15.7m (down 65% from 1Q 2024). Profit margin: 2.9% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Tai-Saw Technology Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.25, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 34% over the past three years.
お知らせ • Mar 07+ 1 more updateTai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 05, 2025Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 05, 2025. Location: 3 floor no,398, min ch`uan rd., jhongli district, taoyuan city Taiwan
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.092 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.02 (down from NT$0.092 in 3Q 2023). Revenue: NT$565.8m (up 1.2% from 3Q 2023). Net income: NT$2.33m (down 75% from 3Q 2023). Profit margin: 0.4% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 24Tai-Saw Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Tai-Saw Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
お知らせ • Oct 22Tai-Saw Technology Co.,Ltd. Announces Executive ChangesTai-Saw Technology Co.,Ltd. announced the executive appointments. Name, title, and resume of the new position holder: Vincent Lee Executive Vice President of GM's Office/Vice President of Marketing & Sales Center; Hong-Duk Ham Senior Director of Operations Center/Director of Operations Center. Reason for the change: promotion and position adjustment. Effective date: October 21, 2024.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.017 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.28 (up from NT$0.017 in 2Q 2023). Revenue: NT$555.6m (up 5.3% from 2Q 2023). Net income: NT$28.7m (up NT$27.0m from 2Q 2023). Profit margin: 5.2% (up from 0.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 11Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 08 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.5%).
Declared Dividend • Jun 03Dividend reduced to NT$0.70Dividend of NT$0.70 is 72% lower than last year. Ex-date: 18th July 2024 Payment date: 8th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (221% earnings payout ratio). However, it is covered by cash flows (62% 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 145% to bring the payout ratio under control, which is more than the 34% EPS growth achieved over the last 5 years.
お知らせ • Apr 26Tai-Saw Technology Co.,Ltd. to Report Q1, 2024 Results on May 02, 2024Tai-Saw Technology Co.,Ltd. announced that they will report Q1, 2024 results on May 02, 2024
Reported Earnings • Apr 03Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: NT$0.13 loss per share (down from NT$3.18 profit in FY 2022). Revenue: NT$2.13b (down 36% from FY 2022). Net loss: NT$13.6m (down 104% from profit in FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Buy Or Sell Opportunity • Mar 26Now 21% undervaluedOver the last 90 days, the stock has risen 2.9% to NT$28.10. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 14+ 1 more updateTai-Saw Technology Co.,Ltd., Annual General Meeting, May 31, 2024Tai-Saw Technology Co.,Ltd., Annual General Meeting, May 31, 2024. Location: Pingjhen Industrial Park Service Center, No. 261,Nanfeng Rd., Pingzhen Dist., Taoyuan City Taiwan Agenda: To consider FY2023 Business Report; to consider FY2023 Audit Committee's Annual Review Report; to consider FY2023 Profit Shares of the Board and the Employees; to consider FY2023 Private Placement; to consider the status of Endorsement and Guarantee; to consider FY2023 Approval for the annual financial statement and the business report; to consider FY2023 Appreciation for the financial gain and loss; and to consider other matters.
Buy Or Sell Opportunity • Mar 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$28.05. The fair value is estimated to be NT$35.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.7% to NT$26.00. The fair value is estimated to be NT$32.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Jan 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be NT$32.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Nov 03Tai-Saw Technology Co.,Ltd. Appoints Lin, Hsiao-Hui, Manager of MIS Dept. as Information Security OfficerTai-Saw Technology Co.,Ltd. appointed LIN, HSIAO-HUI, Manager of MIS Dept. as Information Security Officer. Effective date: November 2 2023. The appointment was approved unanimously by the Board of Directors Meeting held on November 2, 2023.
Buying Opportunity • Oct 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.8%. The fair value is estimated to be NT$33.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.
Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be NT$33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.
Buying Opportunity • Sep 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be NT$33.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.8% in a year. Earnings is forecast to grow by 4.6% in the next year.
Buying Opportunity • Aug 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$33.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.02 (vs NT$1.93 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.02 (down from NT$1.93 in 2Q 2022). Revenue: NT$527.9m (down 59% from 2Q 2022). Net income: NT$1.73m (down 99% from 2Q 2022). Profit margin: 0.3% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 10Upcoming dividend of NT$2.50 per share at 8.5% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 08 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
お知らせ • Jun 02Tai-Saw Technology Co.,Ltd. Announces Cash Dividends for 2022, Payable on August 8, 2023Tai-Saw Technology Co.,Ltd. announced cash dividends is TWD 260,111,025, TWD 2.5 per share for 2022. Ex-rights (Ex-dividend) date: July 17, 2023. Ex-rights (Ex-dividend) record date: July 23, 2023. Payment date of cash dividend distribution: August 8, 2023. Total of TWD 208,088,820, TWD 2 per share, is from 2022 profit. Total of TWD 52,022,205, TWD 0.5 pare share, is from capital surplus.
Price Target Changed • Nov 16Price target increased to NT$39.00Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 46% above last closing price of NT$26.70. Stock is down 38% over the past year. The company is forecast to post earnings per share of NT$5.53 for next year compared to NT$5.28 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.75, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 9.8% over the past three years.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$24.90, the stock trades at a trailing P/E ratio of 3.4x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.93 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.93 (up from NT$0.56 in 2Q 2021). Revenue: NT$1.28b (up 83% from 2Q 2021). Net income: NT$197.1m (up 246% from 2Q 2021). Profit margin: 15% (up from 8.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 05Tai-Saw Technology Co.,Ltd. Announces Appointment of 1St Sustainable Development Committee MembersTai-Saw Technology Co.,Ltd. announced appointment of 1st sustainable development committee members. Name of the new position holder: (1)Huang, Yu-Tung; (2) Lin, Huei-Yuh; (3) Huang, Wen-Ho; (4) TSENG, Yu-I (5)CHEN, JUI-HUNG. Resume of the new position holder: (1) Huang, Yu-Tung:Chairman and Chief Technology Officer of TST; (2) Lin, Huei-Yuh:Independent director of TST; (3) Huang,Wen-Ho:Independent director of TST (4)TSENG, Yu-I:Independent director of TST; (5) CHEN, JUI-HUNG: General Manager of TST. Effective date of the new members is August 4, 2022~June 8, 2025.
Upcoming Dividend • Jul 04Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$33.30, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 64% over the past three years.
お知らせ • Jun 10+ 1 more updateTai-Saw Technology Announces Establishment of Audit CommitteeTai-Saw Technology Co.,Ltd. announced the establishment of audit committee. Effective date of the new member is June 9, 2022. Name of the new position holder:)Lin, Huei-Yuh; Huang, Wen-Ho; TSENG, YU-I. Resume of the new position holder: Lin, Huei-Yuh: Partner of BUENA VENTURE MANAGEMENT CORP. Chairman of GLORY SUN OPTO-ELECTRONICS CORP. Huang, Wen-Ho: Partner Accountant(C.P.A.) and Chair of ANSWER CPAs FIRM; TSENG, YU-I: Chairman of EDOM TECHNOLOGY CO., LTD. Director of LARGAN HEALTH AI-TECH CO., LTD. Director of AcSiP TECHNOLOGY CORP.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.82 (up from NT$0.004 loss in 1Q 2021). Revenue: NT$717.6m (up 12% from 1Q 2021). Net income: NT$83.7m (up NT$84.2m from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 23Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 09, 2022.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.85, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$43.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 158% over the past three years.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.92 (vs NT$0.36 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$817.5m (up 58% from 3Q 2020). Net income: NT$94.1m (up NT$131.0m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
Price Target Changed • Aug 13Price target increased to NT$45.00Up from NT$28.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$34.30. Stock is up 34% over the past year.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.08 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$700.5m (up 28% from 2Q 2020). Net income: NT$57.0m (up NT$48.9m from 2Q 2020). Profit margin: 8.1% (up from 1.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 26Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 02 August 2021. Payment date: 03 September 2021. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).
Reported Earnings • May 09First quarter 2021 earnings released: NT$0.004 loss per share (vs NT$0.019 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$639.5m (up 27% from 1Q 2020). Net loss: NT$430.0k (down 122% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 30Full year 2020 earnings released: NT$0.68 loss per share (vs NT$0.34 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$2.14b (up 5.4% from FY 2019). Net loss: NT$69.4m (loss widened 101% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 19Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021Tai-Saw Technology Co.,Ltd., Annual General Meeting, Jun 10, 2021. Location: Hotel Kuva Chateau, No.398, Minquan Rd., Zhongli Dist Taoyuan City Taiwan Agenda: To consider report the business of 2020; to report supervisors' review report on 2020 financial statements; to report the status of 2020 private placement; to report the status of endorsements and/or guarantees for other parties; to revise codes of ethical conduct; to accept 2020 business report and financial statements; to cash dividends distributed from capital reserve; to proposal of capital increase and/or private placement; to amendments to the company's articles of incorporation; to amendments to the company's articles of incorporation; and to amendments to procedures for election of directors.
分析記事 • Mar 09Here's Why Tai-Saw TechnologyLtd (GTSM:3221) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Feb 23New 90-day high: NT$24.10The company is up 7.0% from its price of NT$22.60 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
分析記事 • Feb 02Is This A Sign of Things To Come At Tai-Saw TechnologyLtd (GTSM:3221)?If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Is New 90 Day High Low • Jan 20New 90-day low: NT$20.65The company is down 7.0% from its price of NT$22.25 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
分析記事 • Dec 29Should Tai-Saw TechnologyLtd (GTSM:3221) Be Disappointed With Their 21% Profit?Buying a low-cost index fund will get you the average market return. But across the board there are plenty of stocks...
分析記事 • Nov 24Tai-Saw TechnologyLtd (GTSM:3221) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Nov 12Third quarter 2020 earnings released: NT$0.36 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$517.0m (down 5.3% from 3Q 2019). Net loss: NT$37.0m (down 482% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Oct 29New 90-day low: NT$21.65The company is down 22% from its price of NT$27.90 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period.
Is New 90 Day High Low • Oct 12New 90-day low: NT$22.20The company is down 8.0% from its price of NT$24.05 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.