View Future GrowthT-Flex Techvest PCB 過去の業績過去 基準チェック /16T-Flex Techvest PCBの収益は年間平均-32.6%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2.5% 16.2%割合で 減少しています。主要情報-32.64%収益成長率-32.64%EPS成長率Electronic 業界の成長14.81%収益成長率-16.15%株主資本利益率-2.30%ネット・マージン2.90%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.14 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.14 loss in FY 2024). Revenue: NT$505.1m (down 44% from FY 2024). Net income: NT$14.6m (up NT$24.3m from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.07 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.07 in 3Q 2024). Revenue: NT$124.7m (down 33% from 3Q 2024). Net income: NT$6.22m (up 27% from 3Q 2024). Profit margin: 5.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.13 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (up from NT$0.13 loss in 2Q 2024). Revenue: NT$120.1m (down 46% from 2Q 2024). Net income: NT$2.50m (up NT$11.4m from 2Q 2024). Profit margin: 2.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$137.1m (down 60% from 1Q 2024). Net income: NT$865.0k (up NT$8.96m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • May 08T-Flex Techvest PCB Co., Ltd. to Report Q1, 2025 Results on May 15, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.14 loss per share (vs NT$0.79 profit in FY 2023)Full year 2024 results: NT$0.14 loss per share (down from NT$0.79 profit in FY 2023). Revenue: NT$894.0m (down 31% from FY 2023). Net loss: NT$9.63m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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.すべての更新を表示Recent updatesNew Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$979.5m market cap, or US$30.6m).お知らせ • Mar 12T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 12, 2026T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city TaiwanReported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.14 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.14 loss in FY 2024). Revenue: NT$505.1m (down 44% from FY 2024). Net income: NT$14.6m (up NT$24.3m from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.New Risk • Nov 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.00b market cap, or US$32.0m).Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.07 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.07 in 3Q 2024). Revenue: NT$124.7m (down 33% from 3Q 2024). Net income: NT$6.22m (up 27% from 3Q 2024). Profit margin: 5.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.13b market cap, or US$36.9m).Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.13 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (up from NT$0.13 loss in 2Q 2024). Revenue: NT$120.1m (down 46% from 2Q 2024). Net income: NT$2.50m (up NT$11.4m from 2Q 2024). Profit margin: 2.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 17Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%).Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$137.1m (down 60% from 1Q 2024). Net income: NT$865.0k (up NT$8.96m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • May 08T-Flex Techvest PCB Co., Ltd. to Report Q1, 2025 Results on May 15, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.14 loss per share (vs NT$0.79 profit in FY 2023)Full year 2024 results: NT$0.14 loss per share (down from NT$0.79 profit in FY 2023). Revenue: NT$894.0m (down 31% from FY 2023). Net loss: NT$9.63m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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.お知らせ • Mar 05T-Flex Techvest PCB Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025お知らせ • Jan 23T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 07, 2025T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 07, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.29 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (down from NT$0.29 in 3Q 2023). Revenue: NT$185.9m (down 49% from 3Q 2023). Net income: NT$4.88m (down 76% from 3Q 2023). Profit margin: 2.6% (down from 5.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Nov 06T-Flex Techvest PCB Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.15b market cap, or US$35.9m).Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.13 loss per share (vs NT$0.12 profit in 2Q 2023)Second quarter 2024 results: NT$0.13 loss per share (down from NT$0.12 profit in 2Q 2023). Revenue: NT$223.2m (down 5.0% from 2Q 2023). Net loss: NT$8.95m (down 204% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$14.55, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 5.5% over the past three years.お知らせ • Aug 03T-Flex Techvest PCB Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024Upcoming Dividend • Jun 26Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 03 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: NT$343.4m (up 37% from 1Q 2023). Net loss: NT$8.10m (down 253% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • May 05T-Flex Techvest PCB Co., Ltd. to Report Q1, 2024 Results on May 13, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$0.79 (vs NT$0.87 in FY 2022)Full year 2023 results: EPS: NT$0.79 (down from NT$0.87 in FY 2022). Revenue: NT$1.29b (down 3.2% from FY 2022). Net income: NT$54.8m (down 9.2% from FY 2022). Profit margin: 4.3% (down from 4.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 16T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 21, 2024T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 21, 2024. Location: Pingzhen Industrial Park Service Center(2F., No. 261, Nanfeng Rd., Pingzhen Dist) Taoyuan City Taiwan Agenda: To consider and report the business of 2023; to consider 2023 Audit Committee Audit Report; to consider and report 2023 employees' profit sharing and directors' compensation; and to transact such other business matters.お知らせ • Mar 14T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 27, 2024T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 27, 2024. Location: NO.12, INDUSTRIAL 2 RD.,PINGZHEN DIST Taoyuan City Taiwan Agenda: To consider report the business of 2023; to consider the supervisor examines the 2023 annual business report; to consider 2023 annual business report and financial statements; and to consider other business matters.Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.044 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.30 (up from NT$0.044 in 3Q 2022). Revenue: NT$360.9m (up 94% from 3Q 2022). Net income: NT$20.6m (up NT$17.5m from 3Q 2022). Profit margin: 5.7% (up from 1.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$26.60, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 184% over the past three years.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$20.20, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$18.40, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 107% over the past three years.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.12 (down from NT$0.28 in 2Q 2022). Revenue: NT$235.0m (down 51% from 2Q 2022). Net income: NT$8.57m (down 57% from 2Q 2022). Profit margin: 3.6% (down from 4.1% 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 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Jun 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (94% payout ratio). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (NT$1.01b market cap, or US$32.8m).Upcoming Dividend • Jun 20Upcoming dividend of NT$0.50 per share at 3.5% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$14.75, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.36 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.04 (down from NT$0.36 in 3Q 2021). Revenue: NT$185.8m (down 60% from 3Q 2021). Net income: NT$3.06m (down 88% from 3Q 2021). Profit margin: 1.6% (down from 5.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: NT$0.28 (vs NT$0.35 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.28 (down from NT$0.35 in 2Q 2021). Revenue: NT$478.3m (up 22% from 2Q 2021). Net income: NT$19.8m (down 19% from 2Q 2021). Profit margin: 4.1% (down from 6.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$13.80, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.Upcoming Dividend • Jun 14Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 15 July 2022. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.3%).Reported Earnings • May 10First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.42 (up from NT$0.10 in 1Q 2021). Revenue: NT$461.2m (up 42% from 1Q 2021). Net income: NT$29.0m (up 312% from 1Q 2021). Profit margin: 6.3% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$1.18 (up from NT$0.18 in FY 2020). Revenue: NT$1.62b (up 29% from FY 2020). Net income: NT$82.2m (up NT$69.3m from FY 2020). Profit margin: 5.1% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.036 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$464.8m (up 49% from 3Q 2020). Net income: NT$25.2m (up NT$22.7m from 3Q 2020). Profit margin: 5.4% (up from 0.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$18.10, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.35 (vs NT$0.06 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$392.8m (up 13% from 2Q 2020). Net income: NT$24.4m (up 487% from 2Q 2020). Profit margin: 6.2% (up from 1.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$15.35, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 16% over the past three years.Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to NT$11.25, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.10 (vs NT$0.32 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$325.5m (up 41% from 1Q 2020). Net income: NT$7.03m (up NT$29.5m from 1Q 2020). Profit margin: 2.2% (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 fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Mar 19T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 17, 2021T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 17, 2021.Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$0.18 (vs NT$0.89 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.26b (up 60% from FY 2019). Net income: NT$12.8m (up NT$74.6m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.分析記事 • Feb 28Would T-Flex Techvest PCB (GTSM:3276) Be Better Off With Less Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Feb 23New 90-day high: NT$13.40The company is up 36% from its price of NT$9.82 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period.Is New 90 Day High Low • Feb 04New 90-day high: NT$10.95The company is up 10.0% from its price of NT$9.98 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.04The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$311.7m (up 36% from 3Q 2019). Net income: NT$2.51m (up NT$20.8m from 3Q 2019). Profit margin: 0.8% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 09New 90-day high: NT$10.35The company is up 5.0% from its price of NT$9.86 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.収支内訳T-Flex Techvest PCB 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:3276 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Dec 255051592030 Sep 255231290030 Jun 255851185031 Mar 25688-199031 Dec 24894-10102030 Sep 241,195899030 Jun 241,37024103031 Mar 241,3824182031 Dec 231,2905572030 Sep 231,0544374030 Jun 238792665031 Mar 231,1223772031 Dec 221,3326083030 Sep 221,5657789030 Jun 221,84499103031 Mar 221,75810499031 Dec 211,6238291030 Sep 211,5498578030 Jun 211,3966372031 Mar 211,3504272031 Dec 201,2561374030 Sep 201,101-1171030 Jun 201,017-3269031 Mar 20821-7079031 Dec 19785-6276030 Sep 19913-9197030 Jun 191,032-7793031 Mar 191,298-3990031 Dec 181,575-18102030 Sep 181,6991499030 Jun 181,87429114031 Mar 181,98639117031 Dec 171,94534119030 Sep 171,94489146030 Jun 171,825114185031 Mar 171,73883193031 Dec 161,72962194030 Sep 161,6261157030 Jun 161,441-22103031 Mar 161,051-574031 Dec 159882061030 Sep 158623865030 Jun 1584639650質の高い収益: 3276にはNT$6.1M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st December, 2025に影響を及ぼしています。利益率の向上: 3276過去に利益を上げました。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: 3276の収益は過去 5 年間で年間32.6%減少しました。成長の加速: 3276は昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: 3276昨年収益を上げたため、昨年の収益成長をElectronic業界 ( -2% ) と比較することは困難です。株主資本利益率高いROE: 3276の 自己資本利益率 ( -2.3% ) 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2026/05/09 23:42終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋T-Flex Techvest PCB 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Haoche HungCapital Securities CorporationJunzhe HungMasterlink Securities Investment Advisory
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.14 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.14 loss in FY 2024). Revenue: NT$505.1m (down 44% from FY 2024). Net income: NT$14.6m (up NT$24.3m from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.07 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.07 in 3Q 2024). Revenue: NT$124.7m (down 33% from 3Q 2024). Net income: NT$6.22m (up 27% from 3Q 2024). Profit margin: 5.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.13 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (up from NT$0.13 loss in 2Q 2024). Revenue: NT$120.1m (down 46% from 2Q 2024). Net income: NT$2.50m (up NT$11.4m from 2Q 2024). Profit margin: 2.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$137.1m (down 60% from 1Q 2024). Net income: NT$865.0k (up NT$8.96m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • May 08T-Flex Techvest PCB Co., Ltd. to Report Q1, 2025 Results on May 15, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.14 loss per share (vs NT$0.79 profit in FY 2023)Full year 2024 results: NT$0.14 loss per share (down from NT$0.79 profit in FY 2023). Revenue: NT$894.0m (down 31% from FY 2023). Net loss: NT$9.63m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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.
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$979.5m market cap, or US$30.6m).
お知らせ • Mar 12T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 12, 2026T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwan
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.14 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.14 loss in FY 2024). Revenue: NT$505.1m (down 44% from FY 2024). Net income: NT$14.6m (up NT$24.3m from FY 2024). Profit margin: 2.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
New Risk • Nov 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.00b market cap, or US$32.0m).
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.07 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.07 in 3Q 2024). Revenue: NT$124.7m (down 33% from 3Q 2024). Net income: NT$6.22m (up 27% from 3Q 2024). Profit margin: 5.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.13b market cap, or US$36.9m).
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.13 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (up from NT$0.13 loss in 2Q 2024). Revenue: NT$120.1m (down 46% from 2Q 2024). Net income: NT$2.50m (up NT$11.4m from 2Q 2024). Profit margin: 2.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 17Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%).
Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.12 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.12 loss in 1Q 2024). Revenue: NT$137.1m (down 60% from 1Q 2024). Net income: NT$865.0k (up NT$8.96m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • May 08T-Flex Techvest PCB Co., Ltd. to Report Q1, 2025 Results on May 15, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.14 loss per share (vs NT$0.79 profit in FY 2023)Full year 2024 results: NT$0.14 loss per share (down from NT$0.79 profit in FY 2023). Revenue: NT$894.0m (down 31% from FY 2023). Net loss: NT$9.63m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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.
お知らせ • Mar 05T-Flex Techvest PCB Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025T-Flex Techvest PCB Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025
お知らせ • Jan 23T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 07, 2025T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 07, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.29 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (down from NT$0.29 in 3Q 2023). Revenue: NT$185.9m (down 49% from 3Q 2023). Net income: NT$4.88m (down 76% from 3Q 2023). Profit margin: 2.6% (down from 5.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 06T-Flex Techvest PCB Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.15b market cap, or US$35.9m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.13 loss per share (vs NT$0.12 profit in 2Q 2023)Second quarter 2024 results: NT$0.13 loss per share (down from NT$0.12 profit in 2Q 2023). Revenue: NT$223.2m (down 5.0% from 2Q 2023). Net loss: NT$8.95m (down 204% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$14.55, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 5.5% over the past three years.
お知らせ • Aug 03T-Flex Techvest PCB Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
Upcoming Dividend • Jun 26Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 03 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).
Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: NT$343.4m (up 37% from 1Q 2023). Net loss: NT$8.10m (down 253% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • May 05T-Flex Techvest PCB Co., Ltd. to Report Q1, 2024 Results on May 13, 2024T-Flex Techvest PCB Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$0.79 (vs NT$0.87 in FY 2022)Full year 2023 results: EPS: NT$0.79 (down from NT$0.87 in FY 2022). Revenue: NT$1.29b (down 3.2% from FY 2022). Net income: NT$54.8m (down 9.2% from FY 2022). Profit margin: 4.3% (down from 4.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 16T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 21, 2024T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 21, 2024. Location: Pingzhen Industrial Park Service Center(2F., No. 261, Nanfeng Rd., Pingzhen Dist) Taoyuan City Taiwan Agenda: To consider and report the business of 2023; to consider 2023 Audit Committee Audit Report; to consider and report 2023 employees' profit sharing and directors' compensation; and to transact such other business matters.
お知らせ • Mar 14T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 27, 2024T-Flex Techvest PCB Co., Ltd., Annual General Meeting, May 27, 2024. Location: NO.12, INDUSTRIAL 2 RD.,PINGZHEN DIST Taoyuan City Taiwan Agenda: To consider report the business of 2023; to consider the supervisor examines the 2023 annual business report; to consider 2023 annual business report and financial statements; and to consider other business matters.
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.044 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.30 (up from NT$0.044 in 3Q 2022). Revenue: NT$360.9m (up 94% from 3Q 2022). Net income: NT$20.6m (up NT$17.5m from 3Q 2022). Profit margin: 5.7% (up from 1.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$26.60, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 184% over the past three years.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$20.20, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 125% over the past three years.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$18.40, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 107% over the past three years.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.12 (down from NT$0.28 in 2Q 2022). Revenue: NT$235.0m (down 51% from 2Q 2022). Net income: NT$8.57m (down 57% from 2Q 2022). Profit margin: 3.6% (down from 4.1% 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 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (94% payout ratio). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (NT$1.01b market cap, or US$32.8m).
Upcoming Dividend • Jun 20Upcoming dividend of NT$0.50 per share at 3.5% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$14.75, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.36 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.04 (down from NT$0.36 in 3Q 2021). Revenue: NT$185.8m (down 60% from 3Q 2021). Net income: NT$3.06m (down 88% from 3Q 2021). Profit margin: 1.6% (down from 5.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: NT$0.28 (vs NT$0.35 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.28 (down from NT$0.35 in 2Q 2021). Revenue: NT$478.3m (up 22% from 2Q 2021). Net income: NT$19.8m (down 19% from 2Q 2021). Profit margin: 4.1% (down from 6.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$13.80, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.
Upcoming Dividend • Jun 14Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 15 July 2022. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.3%).
Reported Earnings • May 10First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.42 (up from NT$0.10 in 1Q 2021). Revenue: NT$461.2m (up 42% from 1Q 2021). Net income: NT$29.0m (up 312% from 1Q 2021). Profit margin: 6.3% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$1.18 (up from NT$0.18 in FY 2020). Revenue: NT$1.62b (up 29% from FY 2020). Net income: NT$82.2m (up NT$69.3m from FY 2020). Profit margin: 5.1% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$21.15, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.036 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$464.8m (up 49% from 3Q 2020). Net income: NT$25.2m (up NT$22.7m from 3Q 2020). Profit margin: 5.4% (up from 0.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$18.10, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.35 (vs NT$0.06 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$392.8m (up 13% from 2Q 2020). Net income: NT$24.4m (up 487% from 2Q 2020). Profit margin: 6.2% (up from 1.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$15.35, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 16% over the past three years.
Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to NT$11.25, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.10 (vs NT$0.32 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$325.5m (up 41% from 1Q 2020). Net income: NT$7.03m (up NT$29.5m from 1Q 2020). Profit margin: 2.2% (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 fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 19T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 17, 2021T-Flex Techvest PCB Co., Ltd., Annual General Meeting, Jun 17, 2021.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$0.18 (vs NT$0.89 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.26b (up 60% from FY 2019). Net income: NT$12.8m (up NT$74.6m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 28Would T-Flex Techvest PCB (GTSM:3276) Be Better Off With Less Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Feb 23New 90-day high: NT$13.40The company is up 36% from its price of NT$9.82 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period.
Is New 90 Day High Low • Feb 04New 90-day high: NT$10.95The company is up 10.0% from its price of NT$9.98 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.04The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$311.7m (up 36% from 3Q 2019). Net income: NT$2.51m (up NT$20.8m from 3Q 2019). Profit margin: 0.8% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 09New 90-day high: NT$10.35The company is up 5.0% from its price of NT$9.86 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.