Good Way Technology（3272）株式概要グッドウェイ・テクノロジー株式会社は、USBおよびPC周辺機器の設計・製造・販売を行っています。 詳細3272 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析過去5年間で収益は年間55.5%減少しました。 負債は営業キャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( NT$1B )すべてのリスクチェックを見る3272 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$16.7014.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-591m7b2016201920222025202620282031Revenue NT$1.2bEarnings NT$81.3mAdvancedSet Fair ValueView all narrativesGood Way Technology Co., Ltd. 競合他社Enermax TechnologySymbol: TPEX:8093Market cap: NT$705.8mCipherlabLtdSymbol: TPEX:6160Market cap: NT$1.2bCasing Macron TechnologySymbol: TPEX:3325Market cap: NT$1.1bPromise TechnologySymbol: TWSE:3057Market cap: NT$1.3b価格と性能株価の高値、安値、推移の概要Good Way Technology過去の株価現在の株価NT$16.7052週高値NT$26.9552週安値NT$14.05ベータ0.421ヶ月の変化-3.75%3ヶ月変化-2.34%1年変化-36.74%3年間の変化-57.05%5年間の変化-54.04%IPOからの変化55.33%最新ニュースReported Earnings • May 14First quarter 2026 earnings released: NT$2.00 loss per share (vs NT$0.63 loss in 1Q 2025)First quarter 2026 results: NT$2.00 loss per share (further deteriorated from NT$0.63 loss in 1Q 2025). Revenue: NT$641.7m (down 15% from 1Q 2025). Net loss: NT$167.5m (loss widened 338% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 26Full year 2025 earnings released: NT$7.65 loss per share (vs NT$3.15 loss in FY 2024)Full year 2025 results: NT$7.65 loss per share (further deteriorated from NT$3.15 loss in FY 2024). Revenue: NT$2.94b (up 5.4% from FY 2024). Net loss: NT$461.8m (loss widened 140% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city TaiwanNew Risk • Nov 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.14b market cap, or US$36.3m).Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.96 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$2.96 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$702.0m (up 8.7% from 3Q 2024). Net loss: NT$177.3m (loss widened 171% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.48b market cap, or US$49.4m).最新情報をもっと見るRecent updatesReported Earnings • May 14First quarter 2026 earnings released: NT$2.00 loss per share (vs NT$0.63 loss in 1Q 2025)First quarter 2026 results: NT$2.00 loss per share (further deteriorated from NT$0.63 loss in 1Q 2025). Revenue: NT$641.7m (down 15% from 1Q 2025). Net loss: NT$167.5m (loss widened 338% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 26Full year 2025 earnings released: NT$7.65 loss per share (vs NT$3.15 loss in FY 2024)Full year 2025 results: NT$7.65 loss per share (further deteriorated from NT$3.15 loss in FY 2024). Revenue: NT$2.94b (up 5.4% from FY 2024). Net loss: NT$461.8m (loss widened 140% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city TaiwanNew Risk • Nov 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.14b market cap, or US$36.3m).Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.96 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$2.96 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$702.0m (up 8.7% from 3Q 2024). Net loss: NT$177.3m (loss widened 171% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.48b market cap, or US$49.4m).Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$1.38 loss per share (vs NT$0.82 loss in 2Q 2024)Second quarter 2025 results: NT$1.38 loss per share (further deteriorated from NT$0.82 loss in 2Q 2024). Revenue: NT$778.2m (up 18% from 2Q 2024). Net loss: NT$83.8m (loss widened 68% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • May 07First quarter 2025 earnings released: NT$0.63 loss per share (vs NT$1.09 loss in 1Q 2024)First quarter 2025 results: NT$0.63 loss per share (improved from NT$1.09 loss in 1Q 2024). Revenue: NT$755.5m (up 7.9% from 1Q 2024). Net loss: NT$38.3m (loss narrowed 43% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Apr 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.68b market cap, or US$50.5m).お知らせ • Mar 28Good Way Technology Co., Ltd., Annual General Meeting, Jun 17, 2025Good Way Technology Co., Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city Taiwanお知らせ • Mar 26+ 1 more updateGood Way Technology Co., Ltd. Appoints Pao Chun Yu as New PresidentGood Way Technology Co., Ltd. announced that the board of directors has approved the appointment of the new President. Name of the new position holder is PAO CHUN YU. Resume of the new position holder: (1)BA Economics, University of Texas at Austin, USA, (2)General Manager, PNY Technologies Asia Pacific limited, (3)General Manager,BUII,Computing Products Business Group, Wistron Corporation and (4)Senior Vice President and Executive Assistant to the President, First International Computer Inc. Effective date of the new appointment is March 25, 2025.お知らせ • Mar 18Good Way Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025Good Way Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025お知らせ • Mar 04Good Way Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Good Way Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025Reported Earnings • Nov 12Third quarter 2024 earnings released: NT$1.07 loss per share (vs NT$0.92 loss in 3Q 2023)Third quarter 2024 results: NT$1.07 loss per share (further deteriorated from NT$0.92 loss in 3Q 2023). Revenue: NT$645.7m (down 5.1% from 3Q 2023). Net loss: NT$65.5m (loss widened 16% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Oct 29Good Way Technology Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Good Way Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 09Second quarter 2024 earnings released: NT$0.82 loss per share (vs NT$2.43 loss in 2Q 2023)Second quarter 2024 results: NT$0.82 loss per share (improved from NT$2.43 loss in 2Q 2023). Revenue: NT$661.8m (down 14% from 2Q 2023). Net loss: NT$49.9m (loss narrowed 66% from 2Q 2023). 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 • Jul 30Good Way Technology Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024Good Way Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024Reported Earnings • May 09First quarter 2024 earnings released: NT$1.09 loss per share (vs NT$1.82 loss in 1Q 2023)First quarter 2024 results: NT$1.09 loss per share (improved from NT$1.82 loss in 1Q 2023). Revenue: NT$700.5m (down 21% from 1Q 2023). Net loss: NT$66.8m (loss narrowed 38% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.お知らせ • May 08Good Way Technology Co., Ltd. Appoints Lee Chen Che as CQOGood Way Technology Co., Ltd. announced the new CQO of the group on April 1, 2024. As approved by the board of directors on May 7, 2024, Mr. Lee Chen Che would serve as the group’s CQO. Name, title, and resume of the new position holder: Lee Chen Che/Vice President.Reported Earnings • Mar 26Full year 2023 earnings released: NT$6.13 loss per share (vs NT$3.73 profit in FY 2022)Full year 2023 results: NT$6.13 loss per share (down from NT$3.73 profit in FY 2022). Revenue: NT$3.03b (down 55% from FY 2022). Net loss: NT$372.9m (down 266% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Mar 22Good Way Technology Co., Ltd., Annual General Meeting, Jun 26, 2024Good Way Technology Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: Head office meeting room, 3F, No. 131 Ln. Taiwan New Taipei City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; to consider the execution status of the Company's issuance of the third domestic convertible corporate bonds; to consider amendment to the Standards of Procedures for the Board of Directors; to acknowledge the 2023 business report and financial statements; to accept the 2023 profit and loss appropriation statement; to consider discussion of amendments to the Company's Rules of Procedure for Shareholders' Meeting; to consider discussion to approve the lifting of non-competition restrictions for directors; and to consider election of new directors.お知らせ • Mar 14Good Way Technology Co., Ltd. Appoints Chin Tack Koi as Member of Remuneration CommitteeGood Way Technology Co., Ltd. announced changes in the members of the company's remuneration committee (an additional independent director has been appointed). Name of the new position holder: Chin Tack Koi, independent director. Resume of the new position holder: Independent Director of the Company. Effective date of the new member is March 12, 2024.New Risk • Nov 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.07b market cap, or US$64.3m).New Risk • Oct 18New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.24b market cap, or US$69.1m).Upcoming Dividend • Jul 17Upcoming dividend of NT$1.70 per share at 4.0% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 205% over the past three years.Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$4.18 (vs NT$0.58 in FY 2021)Full year 2022 results: EPS: NT$4.18 (up from NT$0.58 in FY 2021). Revenue: NT$6.80b (up 45% from FY 2021). Net income: NT$225.2m (up NT$193.5m from FY 2021). Profit margin: 3.3% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$51.00, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 88% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 54% over the past three years.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$3.62 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$3.62 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$2.57b (up 104% from 3Q 2021). Net income: NT$194.3m (up NT$200.9m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 09Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 16 September 2022. Payment date: 07 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (7.4%).Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$1.49 loss per share (vs NT$0.25 profit in 2Q 2021)Second quarter 2022 results: NT$1.49 loss per share (down from NT$0.25 profit in 2Q 2021). Revenue: NT$1.16b (up 5.9% from 2Q 2021). Net loss: NT$80.8m (down NT$94.2m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buying Opportunity • Jul 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be NT$30.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: NT$1.57 loss per share (down from NT$0.21 profit in 1Q 2021). Revenue: NT$1.18b (up 6.5% from 1Q 2021). Net loss: NT$85.1m (down NT$96.7m from profit in 1Q 2021). Revenue missed analyst estimates by 25%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 19Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$0.58 (down from NT$3.47 in FY 2020). Revenue: NT$4.68b (down 8.2% from FY 2020). Net income: NT$31.7m (down 82% from FY 2020). Profit margin: 0.7% (down from 3.5% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 108%. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total loss to shareholders of 21% over the past three years.Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$0.12 loss per share (vs NT$1.40 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.26b (down 21% from 3Q 2020). Net loss: NT$6.60m (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • Aug 24Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 24 September 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.4%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.25 (vs NT$1.98 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.10b (down 13% from 2Q 2020). Net income: NT$13.5m (down 87% from 2Q 2020). Profit margin: 1.2% (down from 7.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.52 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.11b (up 19% from 1Q 2020). Net income: NT$11.6m (up NT$37.6m from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$38.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 12% over the past three years.分析記事 • Apr 30Good Way Technology (GTSM:3272) Is Reinvesting At Lower Rates Of ReturnWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...分析記事 • Mar 29Good Way Technology (GTSM:3272) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Mar 18Good Way Technology Co., Ltd., Annual General Meeting, Jun 10, 2021Good Way Technology Co., Ltd., Annual General Meeting, Jun 10, 2021.Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$3.47 (vs NT$2.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.10b (up 3.8% from FY 2019). Net income: NT$178.9m (up 74% from FY 2019). Profit margin: 3.5% (up from 2.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.分析記事 • Mar 11Introducing Good Way Technology (GTSM:3272), The Stock That Zoomed 140% In The Last YearThe most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right...Is New 90 Day High Low • Mar 05New 90-day high: NT$57.20The company is up 8.0% from its price of NT$53.10 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.分析記事 • Feb 21Does Good Way Technology's (GTSM:3272) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...分析記事 • Feb 06Should Good Way Technology Co., Ltd. (GTSM:3272) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Good Way Technology Co., Ltd. ( GTSM:3272 ) tend to be popular with investors, and for good...分析記事 • Jan 20Declining Stock and Decent Financials: Is The Market Wrong About Good Way Technology Co., Ltd. (GTSM:3272)?Good Way Technology (GTSM:3272) has had a rough three months with its share price down 17%. However, the company's...分析記事 • Jan 05Has Good Way Technology (GTSM:3272) Got What It Takes To Become A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...分析記事 • Dec 21These 4 Measures Indicate That Good Way Technology (GTSM:3272) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Dec 07Update: Good Way Technology (GTSM:3272) Stock Gained 59% In The Last YearGood Way Technology Co., Ltd. ( GTSM:3272 ) shareholders might be concerned after seeing the share price drop 28% in...Is New 90 Day High Low • Nov 25New 90-day low: NT$48.75The company is down 24% from its price of NT$64.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period.分析記事 • Nov 20Does Good Way Technology's (GTSM:3272) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.60b (up 42% from 3Q 2019). Net income: NT$71.4m (up 47% from 3Q 2019). Profit margin: 4.5% (up from 4.3% in 3Q 2019). 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 whereas the company’s share price has fallen by 3% per year.株主還元3272TW TechTW 市場7D0.6%2.5%7.8%1Y-36.7%59.6%109.8%株主還元を見る業界別リターン: 3272過去 1 年間で59.6 % の収益を上げたTW Tech業界を下回りました。リターン対市場: 3272は、過去 1 年間で109.8 % のリターンを上げたTW市場を下回りました。価格変動Is 3272's price volatile compared to industry and market?3272 volatility3272 Average Weekly Movement8.2%Tech Industry Average Movement7.6%Market Average Movement6.3%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 3272 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3272の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1983n/an/awww.goodway.com.twグッドウェイ・テクノロジー株式会社は、USBおよびPC周辺機器の設計、製造、販売を行っている。同社は、USB4、サンダーボルト、USB-Cディスプレイ、USB-C USB3.0、スマートドック製品などのドック製品、ビデオコンバータ、KVMドック、AIドック、USB3、ワイヤレス、IPエクステンダー、キャプチャ製品などを提供している。また、データおよびマルチポートハブ、GaN充電器およびドック、ビデオ、イーサネット、USBケーブル、クアッドビデオアダプター、PCLEカード製品も提供している。同社は1983年に設立され、台湾の新北市に本社を置いている。もっと見るGood Way Technology Co., Ltd. 基礎のまとめGood Way Technology の収益と売上を時価総額と比較するとどうか。3272 基礎統計学時価総額NT$1.00b収益（TTM）-NT$591.05m売上高(TTM)NT$2.82b0.4xP/Sレシオ-1.7xPER（株価収益率3272 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3272 損益計算書（TTM）収益NT$2.82b売上原価NT$2.65b売上総利益NT$171.38mその他の費用NT$762.43m収益-NT$591.05m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-9.87グロス・マージン6.07%純利益率-20.95%有利子負債／自己資本比率295.8%3272 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 18:55終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Good Way 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。3 アナリスト機関Meizhen WangCapital Securities CorporationShuchun HsiaoMasterlink Securities Investment AdvisoryJack HsuSinoPac Securities Investment Service
Reported Earnings • May 14First quarter 2026 earnings released: NT$2.00 loss per share (vs NT$0.63 loss in 1Q 2025)First quarter 2026 results: NT$2.00 loss per share (further deteriorated from NT$0.63 loss in 1Q 2025). Revenue: NT$641.7m (down 15% from 1Q 2025). Net loss: NT$167.5m (loss widened 338% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 26Full year 2025 earnings released: NT$7.65 loss per share (vs NT$3.15 loss in FY 2024)Full year 2025 results: NT$7.65 loss per share (further deteriorated from NT$3.15 loss in FY 2024). Revenue: NT$2.94b (up 5.4% from FY 2024). Net loss: NT$461.8m (loss widened 140% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city Taiwan
New Risk • Nov 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.14b market cap, or US$36.3m).
Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.96 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$2.96 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$702.0m (up 8.7% from 3Q 2024). Net loss: NT$177.3m (loss widened 171% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.48b market cap, or US$49.4m).
Reported Earnings • May 14First quarter 2026 earnings released: NT$2.00 loss per share (vs NT$0.63 loss in 1Q 2025)First quarter 2026 results: NT$2.00 loss per share (further deteriorated from NT$0.63 loss in 1Q 2025). Revenue: NT$641.7m (down 15% from 1Q 2025). Net loss: NT$167.5m (loss widened 338% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 26Full year 2025 earnings released: NT$7.65 loss per share (vs NT$3.15 loss in FY 2024)Full year 2025 results: NT$7.65 loss per share (further deteriorated from NT$3.15 loss in FY 2024). Revenue: NT$2.94b (up 5.4% from FY 2024). Net loss: NT$461.8m (loss widened 140% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Good Way Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city Taiwan
New Risk • Nov 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.14b market cap, or US$36.3m).
Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.96 loss per share (vs NT$1.07 loss in 3Q 2024)Third quarter 2025 results: NT$2.96 loss per share (further deteriorated from NT$1.07 loss in 3Q 2024). Revenue: NT$702.0m (up 8.7% from 3Q 2024). Net loss: NT$177.3m (loss widened 171% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.48b market cap, or US$49.4m).
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$1.38 loss per share (vs NT$0.82 loss in 2Q 2024)Second quarter 2025 results: NT$1.38 loss per share (further deteriorated from NT$0.82 loss in 2Q 2024). Revenue: NT$778.2m (up 18% from 2Q 2024). Net loss: NT$83.8m (loss widened 68% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 07First quarter 2025 earnings released: NT$0.63 loss per share (vs NT$1.09 loss in 1Q 2024)First quarter 2025 results: NT$0.63 loss per share (improved from NT$1.09 loss in 1Q 2024). Revenue: NT$755.5m (up 7.9% from 1Q 2024). Net loss: NT$38.3m (loss narrowed 43% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Apr 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.68b market cap, or US$50.5m).
お知らせ • Mar 28Good Way Technology Co., Ltd., Annual General Meeting, Jun 17, 2025Good Way Technology Co., Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,131 ln.235, pao ch`iao rd., sindian district, new taipei city Taiwan
お知らせ • Mar 26+ 1 more updateGood Way Technology Co., Ltd. Appoints Pao Chun Yu as New PresidentGood Way Technology Co., Ltd. announced that the board of directors has approved the appointment of the new President. Name of the new position holder is PAO CHUN YU. Resume of the new position holder: (1)BA Economics, University of Texas at Austin, USA, (2)General Manager, PNY Technologies Asia Pacific limited, (3)General Manager,BUII,Computing Products Business Group, Wistron Corporation and (4)Senior Vice President and Executive Assistant to the President, First International Computer Inc. Effective date of the new appointment is March 25, 2025.
お知らせ • Mar 18Good Way Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025Good Way Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025
お知らせ • Mar 04Good Way Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Good Way Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
Reported Earnings • Nov 12Third quarter 2024 earnings released: NT$1.07 loss per share (vs NT$0.92 loss in 3Q 2023)Third quarter 2024 results: NT$1.07 loss per share (further deteriorated from NT$0.92 loss in 3Q 2023). Revenue: NT$645.7m (down 5.1% from 3Q 2023). Net loss: NT$65.5m (loss widened 16% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 29Good Way Technology Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Good Way Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 09Second quarter 2024 earnings released: NT$0.82 loss per share (vs NT$2.43 loss in 2Q 2023)Second quarter 2024 results: NT$0.82 loss per share (improved from NT$2.43 loss in 2Q 2023). Revenue: NT$661.8m (down 14% from 2Q 2023). Net loss: NT$49.9m (loss narrowed 66% from 2Q 2023). 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 • Jul 30Good Way Technology Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024Good Way Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024
Reported Earnings • May 09First quarter 2024 earnings released: NT$1.09 loss per share (vs NT$1.82 loss in 1Q 2023)First quarter 2024 results: NT$1.09 loss per share (improved from NT$1.82 loss in 1Q 2023). Revenue: NT$700.5m (down 21% from 1Q 2023). Net loss: NT$66.8m (loss narrowed 38% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
お知らせ • May 08Good Way Technology Co., Ltd. Appoints Lee Chen Che as CQOGood Way Technology Co., Ltd. announced the new CQO of the group on April 1, 2024. As approved by the board of directors on May 7, 2024, Mr. Lee Chen Che would serve as the group’s CQO. Name, title, and resume of the new position holder: Lee Chen Che/Vice President.
Reported Earnings • Mar 26Full year 2023 earnings released: NT$6.13 loss per share (vs NT$3.73 profit in FY 2022)Full year 2023 results: NT$6.13 loss per share (down from NT$3.73 profit in FY 2022). Revenue: NT$3.03b (down 55% from FY 2022). Net loss: NT$372.9m (down 266% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 22Good Way Technology Co., Ltd., Annual General Meeting, Jun 26, 2024Good Way Technology Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: Head office meeting room, 3F, No. 131 Ln. Taiwan New Taipei City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; to consider the execution status of the Company's issuance of the third domestic convertible corporate bonds; to consider amendment to the Standards of Procedures for the Board of Directors; to acknowledge the 2023 business report and financial statements; to accept the 2023 profit and loss appropriation statement; to consider discussion of amendments to the Company's Rules of Procedure for Shareholders' Meeting; to consider discussion to approve the lifting of non-competition restrictions for directors; and to consider election of new directors.
お知らせ • Mar 14Good Way Technology Co., Ltd. Appoints Chin Tack Koi as Member of Remuneration CommitteeGood Way Technology Co., Ltd. announced changes in the members of the company's remuneration committee (an additional independent director has been appointed). Name of the new position holder: Chin Tack Koi, independent director. Resume of the new position holder: Independent Director of the Company. Effective date of the new member is March 12, 2024.
New Risk • Nov 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.07b market cap, or US$64.3m).
New Risk • Oct 18New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.24b market cap, or US$69.1m).
Upcoming Dividend • Jul 17Upcoming dividend of NT$1.70 per share at 4.0% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%).
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 205% over the past three years.
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$4.18 (vs NT$0.58 in FY 2021)Full year 2022 results: EPS: NT$4.18 (up from NT$0.58 in FY 2021). Revenue: NT$6.80b (up 45% from FY 2021). Net income: NT$225.2m (up NT$193.5m from FY 2021). Profit margin: 3.3% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$51.00, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 88% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 54% over the past three years.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$3.62 (vs NT$0.12 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$3.62 (up from NT$0.12 loss in 3Q 2021). Revenue: NT$2.57b (up 104% from 3Q 2021). Net income: NT$194.3m (up NT$200.9m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 09Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 16 September 2022. Payment date: 07 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (7.4%).
Reported Earnings • Aug 07Second quarter 2022 earnings released: NT$1.49 loss per share (vs NT$0.25 profit in 2Q 2021)Second quarter 2022 results: NT$1.49 loss per share (down from NT$0.25 profit in 2Q 2021). Revenue: NT$1.16b (up 5.9% from 2Q 2021). Net loss: NT$80.8m (down NT$94.2m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buying Opportunity • Jul 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be NT$30.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 07First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: NT$1.57 loss per share (down from NT$0.21 profit in 1Q 2021). Revenue: NT$1.18b (up 6.5% from 1Q 2021). Net loss: NT$85.1m (down NT$96.7m from profit in 1Q 2021). Revenue missed analyst estimates by 25%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 19Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$0.58 (down from NT$3.47 in FY 2020). Revenue: NT$4.68b (down 8.2% from FY 2020). Net income: NT$31.7m (down 82% from FY 2020). Profit margin: 0.7% (down from 3.5% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 108%. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total loss to shareholders of 21% over the past three years.
Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$0.12 loss per share (vs NT$1.40 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.26b (down 21% from 3Q 2020). Net loss: NT$6.60m (down 109% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • Aug 24Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 24 September 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.4%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.25 (vs NT$1.98 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.10b (down 13% from 2Q 2020). Net income: NT$13.5m (down 87% from 2Q 2020). Profit margin: 1.2% (down from 7.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.52 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.11b (up 19% from 1Q 2020). Net income: NT$11.6m (up NT$37.6m from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$38.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 12% over the past three years.
分析記事 • Apr 30Good Way Technology (GTSM:3272) Is Reinvesting At Lower Rates Of ReturnWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
分析記事 • Mar 29Good Way Technology (GTSM:3272) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Mar 18Good Way Technology Co., Ltd., Annual General Meeting, Jun 10, 2021Good Way Technology Co., Ltd., Annual General Meeting, Jun 10, 2021.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$3.47 (vs NT$2.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.10b (up 3.8% from FY 2019). Net income: NT$178.9m (up 74% from FY 2019). Profit margin: 3.5% (up from 2.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
分析記事 • Mar 11Introducing Good Way Technology (GTSM:3272), The Stock That Zoomed 140% In The Last YearThe most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you pick the right...
Is New 90 Day High Low • Mar 05New 90-day high: NT$57.20The company is up 8.0% from its price of NT$53.10 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.
分析記事 • Feb 21Does Good Way Technology's (GTSM:3272) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
分析記事 • Feb 06Should Good Way Technology Co., Ltd. (GTSM:3272) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Good Way Technology Co., Ltd. ( GTSM:3272 ) tend to be popular with investors, and for good...
分析記事 • Jan 20Declining Stock and Decent Financials: Is The Market Wrong About Good Way Technology Co., Ltd. (GTSM:3272)?Good Way Technology (GTSM:3272) has had a rough three months with its share price down 17%. However, the company's...
分析記事 • Jan 05Has Good Way Technology (GTSM:3272) Got What It Takes To Become A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
分析記事 • Dec 21These 4 Measures Indicate That Good Way Technology (GTSM:3272) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Dec 07Update: Good Way Technology (GTSM:3272) Stock Gained 59% In The Last YearGood Way Technology Co., Ltd. ( GTSM:3272 ) shareholders might be concerned after seeing the share price drop 28% in...
Is New 90 Day High Low • Nov 25New 90-day low: NT$48.75The company is down 24% from its price of NT$64.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period.
分析記事 • Nov 20Does Good Way Technology's (GTSM:3272) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.60b (up 42% from 3Q 2019). Net income: NT$71.4m (up 47% from 3Q 2019). Profit margin: 4.5% (up from 4.3% in 3Q 2019). 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 whereas the company’s share price has fallen by 3% per year.
