Sunnic Technology & Merchandise（3360）株式概要Sunnic Technology & Merchandise Inc.は、エレクトロニクス業界のための完全なサプライチェーンサービスを提供しています。 詳細3360 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リスク分析利払いは収益で十分にカバーされない 過去5年間で収益は年間46.6%減少しました。 意味のある時価総額がありません ( NT$1B )すべてのリスクチェックを見る3360 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$14.6584.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-92m18b2016201920222025202620282031Revenue NT$4.5bEarnings NT$383.2mAdvancedSet Fair ValueView all narrativesSunnic Technology & Merchandise Inc 競合他社Daito Me HoldingsSymbol: TPEX:8455Market cap: NT$1.0bSentronic InternationalSymbol: TPEX:3232Market cap: NT$1.0bDimension Computer TechnologySymbol: TPEX:6140Market cap: NT$1.1bBull WillSymbol: TPEX:6259Market cap: NT$737.4m価格と性能株価の高値、安値、推移の概要Sunnic Technology & Merchandise過去の株価現在の株価NT$14.6552週高値NT$18.3552週安値NT$11.35ベータ0.251ヶ月の変化7.33%3ヶ月変化-16.52%1年変化14.01%3年間の変化6.93%5年間の変化2.46%IPOからの変化-25.97%最新ニュースReported Earnings • May 16First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$2.31b (up 72% from 1Q 2025). Net loss: NT$204.0k (loss narrowed 99% from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.48 loss per share (vs NT$0.48 loss in FY 2024)Full year 2025 results: NT$0.48 loss per share (improved from NT$0.48 loss in FY 2024). Revenue: NT$7.34b (up 17% from FY 2024). Net loss: NT$36.5m (loss narrowed 1.5% from FY 2024). 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 3% per year.お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city TaiwanNew Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.18b market cap, or US$37.5m).お知らせ • Jan 08+ 1 more updateSunnic Technology & Merchandise Inc. Announces Executive ChangesSunnic Technology & Merchandise Inc. announced that the Board approved the appointment of NI, CHIH-JEN as financial officer, and accounting officer. The effective date of the change is January 7, 2026. The previous financial officer was YU, YUEH KUEI, Finance Senior Manager.Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesReported Earnings • May 16First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$2.31b (up 72% from 1Q 2025). Net loss: NT$204.0k (loss narrowed 99% from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.48 loss per share (vs NT$0.48 loss in FY 2024)Full year 2025 results: NT$0.48 loss per share (improved from NT$0.48 loss in FY 2024). Revenue: NT$7.34b (up 17% from FY 2024). Net loss: NT$36.5m (loss narrowed 1.5% from FY 2024). 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 3% per year.お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city TaiwanNew Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.18b market cap, or US$37.5m).お知らせ • Jan 08+ 1 more updateSunnic Technology & Merchandise Inc. Announces Executive ChangesSunnic Technology & Merchandise Inc. announced that the Board approved the appointment of NI, CHIH-JEN as financial officer, and accounting officer. The effective date of the change is January 7, 2026. The previous financial officer was YU, YUEH KUEI, Finance Senior Manager.Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 14Third quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.22 loss in 3Q 2024)Third quarter 2025 results: NT$0.18 loss per share (improved from NT$0.22 loss in 3Q 2024). Revenue: NT$1.74b (flat on 3Q 2024). Net loss: NT$13.4m (loss narrowed 19% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.019 loss in 2Q 2024)Second quarter 2025 results: NT$0.18 loss per share (further deteriorated from NT$0.019 loss in 2Q 2024). Revenue: NT$1.80b (up 7.4% from 2Q 2024). Net loss: NT$13.4m (loss widened NT$11.9m from 2Q 2024). 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 1% per year, which means it has not declined as severely as earnings.New Risk • May 17New 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 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.02b market cap, or US$33.7m).Reported Earnings • May 17First quarter 2025 earnings released: NT$0.30 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.30 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$1.35b (up 21% from 1Q 2024). Net loss: NT$22.5m (loss widened 72% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.お知らせ • Apr 29Sunnic Technology & Merchandise Inc to Report Q1, 2025 Results on May 06, 2025Sunnic Technology & Merchandise Inc announced that they will report Q1, 2025 results on May 06, 2025New Risk • Apr 07New 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 Risk Earnings have declined by 49% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$947.4m market cap, or US$28.7m).お知らせ • Mar 21Sunnic Technology & Merchandise Inc Announces Executive ChangesSunnic Technology & Merchandise Inc. announced the appointment of LIN,HUEI-JYUN as Acting principal accounting officer, effective 21 March 2025. Resume of the new position holder: Finance Division Assistant manager. The company announced the resignation of HSU,CHE-WEI as principal accounting officer.Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.48 loss per share (vs NT$1.47 loss in FY 2023)Full year 2024 results: NT$0.48 loss per share (improved from NT$1.47 loss in FY 2023). Revenue: NT$6.26b (down 14% from FY 2023). Net loss: NT$37.0m (loss narrowed 67% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2025Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2025. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city Taiwanお知らせ • Mar 04Sunnic Technology & Merchandise Inc to Report Fiscal Year 2024 Results on Mar 11, 2025Sunnic Technology & Merchandise Inc announced that they will report fiscal year 2024 results on Mar 11, 2025New Risk • Nov 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.27b market cap, or US$39.0m).Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.49 loss in 3Q 2023)Third quarter 2024 results: NT$0.22 loss per share (improved from NT$0.49 loss in 3Q 2023). Revenue: NT$1.74b (up 54% from 3Q 2023). Net loss: NT$16.6m (loss narrowed 56% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.29 loss in 2Q 2023)Second quarter 2024 results: NT$0.02 loss per share (improved from NT$0.29 loss in 2Q 2023). Revenue: NT$1.68b (down 36% from 2Q 2023). Net loss: NT$1.43m (loss narrowed 94% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.お知らせ • Aug 06Sunnic Technology & Merchandise Inc to Report Q2, 2024 Results on Aug 13, 2024Sunnic Technology & Merchandise Inc announced that they will report Q2, 2024 results on Aug 13, 2024Reported Earnings • May 19First quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.44 loss in 1Q 2023)First quarter 2024 results: NT$0.17 loss per share (improved from NT$0.44 loss in 1Q 2023). Revenue: NT$1.11b (down 51% from 1Q 2023). Net loss: NT$13.1m (loss narrowed 61% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.お知らせ • May 05Sunnic Technology & Merchandise Inc to Report Q1, 2024 Results on May 10, 2024Sunnic Technology & Merchandise Inc announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Mar 19Full year 2023 earnings released: NT$1.47 loss per share (vs NT$0.32 profit in FY 2022)Full year 2023 results: NT$1.47 loss per share (down from NT$0.32 profit in FY 2022). Revenue: NT$7.27b (down 28% from FY 2022). Net loss: NT$112.6m (down NT$136.6m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • Mar 09Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 07, 2024Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 07, 2024. Location: MRT Beitou Resort (No. 88, Lane 527, Da-Ye Road, Beitou District, 11268, Taipei City) Taipei City Taiwan Agenda: To approve 2023 Business Report; to approve Audit Committee's Review Report; to report on making of Endorsements/Guarantees; and to discuss other matters.New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$1.34b market cap, or US$42.7m).Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.49 loss per share (vs NT$0.19 profit in 3Q 2022)Third quarter 2023 results: NT$0.49 loss per share (down from NT$0.19 profit in 3Q 2022). Revenue: NT$1.13b (down 58% from 3Q 2022). Net loss: NT$37.7m (down 362% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$909.2m market cap, or US$28.3m).New Risk • Sep 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$935.9m market cap, or US$29.3m).Board Change • Aug 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 18Second quarter 2023 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2022)Second quarter 2023 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2022). Revenue: NT$2.64b (up 34% from 2Q 2022). Net loss: NT$22.1m (down 270% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% 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.Upcoming Dividend • Jun 13Upcoming dividend of NT$0.80 per share at 5.4% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 24 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$0.32 (vs NT$1.31 in FY 2021)Full year 2022 results: EPS: NT$0.32 (down from NT$1.31 in FY 2021). Revenue: NT$10.1b (up 7.8% from FY 2021). Net income: NT$24.1m (down 76% from FY 2021). Profit margin: 0.2% (down from 1.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year.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. 6 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Li-Chen Kuo was the last independent director to join the board, commencing their role in 2019. 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 13Third quarter 2022 earnings released: EPS: NT$0.19 (vs NT$0.23 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.19 (down from NT$0.23 in 3Q 2021). Revenue: NT$2.67b (up 30% from 3Q 2021). Net income: NT$14.4m (down 17% from 3Q 2021). Profit margin: 0.5% (down from 0.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.12 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.17 (up from NT$0.12 in 2Q 2021). Revenue: NT$1.97b (down 9.9% from 2Q 2021). Net income: NT$13.0m (up 41% from 2Q 2021). Profit margin: 0.7% (up from 0.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 05Upcoming dividend of NT$0.13 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 7.7% and the cash payout ratio is 86%. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.0%).お知らせ • Jun 28Sunnic Technology & Merchandise Inc Announces Cash Dividend, Payable on August 16, 2022Sunnic Technology & Merchandise Inc. announced cash dividend of TWD 0.126 per share. Ex-rights (ex-dividend) date is July 12, 2022. Ex-rights (ex-dividend) record date is July 18, 2022. Payment date of cash dividend distribution is August 16, 2022.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.52 (up from NT$0.33 in 1Q 2021). Revenue: NT$3.18b (up 16% from 1Q 2021). Net income: NT$35.7m (up 58% from 1Q 2021). Profit margin: 1.1% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • May 12Sunnic Technology & Merchandise Inc Announces Change to the OfficersSunnic Technology & Merchandise Inc. announced change to the officers of the company. Name, title, and resume of the previous position holder: spokesperson, financial officer, accounting officer, corporate governance officer: CHEN,MEI-LING /CFO. Acting spokesperson: HSU,CHE-WEI /Finance Department senior manager. Name, title, and resume of the new position holder: corporate governance officer: CHIEN,KANG-MIN /Chairman of the Board and President. Accounting officer, spokesperson: HSU,CHE-WEI /Finance Department senior manager. Financial officer, acting spokesperson: YU,YUEH-KUEI /Finance Department senior manager. Reason for the change: retirement. Effective date: CFO CHEN,MEI-LING will retire on May 31, 2022, and the effective date of new appointments will be June 1, 2022.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Chen Kuo was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.45 (up from NT$1.01 in FY 2020). Revenue: NT$9.39b (down 34% from FY 2020). Net income: NT$99.8m (up 44% from FY 2020). Profit margin: 1.1% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.37 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$2.06b (down 47% from 3Q 2020). Net income: NT$17.3m (down 32% from 3Q 2020). Profit margin: 0.8% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.43 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.19b (down 59% from 2Q 2020). Net income: NT$9.29m (down 69% from 2Q 2020). Profit margin: 0.4% (down from 0.6% 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 41% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.分析記事 • Apr 04The Return Trends At Sunnic Technology & Merchandise (GTSM:3360) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Reported Earnings • Mar 12Full year 2020 earnings released: EPS NT$1.01 (vs NT$0.64 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$14.3b (down 26% from FY 2019). Net income: NT$69.2m (up 58% from FY 2019). Profit margin: 0.5% (up from 0.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 08Should You Be Worried About Sunnic Technology & Merchandise Inc's (GTSM:3360) 7.2% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...お知らせ • Mar 06Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2021Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2021. Location: Taipei Rapid Transit Corporation Beitou Resort 306 Room (No. 88, Lane 527, Da-Ye Road, Beitou District, 11268, Taiwan city Taiwan Agenda: To consider 2020 Business Report; to consider 2020 Supervisor's Review Report; to report on 2020 Employees' and Directors' remuneration; to report on making of Endorsements/Guarantees; to discuss distribution cash in capital reserve; to consider acknowledgment of the 2020 annual final accounting ledgers and statements; to consider acknowledgment of the 2020 Earnings Distribution; and to consider other matters.Is New 90 Day High Low • Jan 18New 90-day high: NT$16.65The company is up 14% from its price of NT$14.60 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.分析記事 • Jan 10Sunnic Technology & Merchandise (GTSM:3360) Seems To Be Using A Lot Of DebtSome 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 07Sunnic Technology & Merchandise Inc (GTSM:3360) Delivered A Weaker ROE Than Its IndustryOne of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...Is New 90 Day High Low • Dec 04New 90-day high: NT$15.95The company is up 3.0% from its price of NT$15.45 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.37The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$3.87b (down 37% from 3Q 2019). Net income: NT$25.3m (up 90% from 3Q 2019). Profit margin: 0.7% (up from 0.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Is New 90 Day High Low • Sep 22New 90-day low: NT$14.95The company is down 8.0% from its price of NT$16.25 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.株主還元3360TW ElectronicTW 市場7D0.3%14.5%6.6%1Y14.0%217.3%102.0%株主還元を見る業界別リターン: 3360過去 1 年間で217.3 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 3360は、過去 1 年間で102 % のリターンを上げたTW市場を下回りました。価格変動Is 3360's price volatile compared to industry and market?3360 volatility3360 Average Weekly Movement7.0%Electronic Industry Average Movement8.5%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 3360 、 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: 3360の 週次ボラティリティ ( 7% ) 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1985n/aGang Min Jianwww.sunnic.comSunnic Technology & Merchandise Inc.は、エレクトロニクス業界向けに完全なサプライチェーンサービスを提供している。同社は半導体、トータルソリューションとモジュール、システム、ファクトリーオートメーション機器を製造している。また、応用部品やコンポーネント、コンピュータ周辺機器、内蔵/外付けDVDバーナー、ブルーレイバーナー、多機能オーディオ/ビデオコンバーター、家電製品、通信機器、太陽電池、LCDパネル、LED、LSI、電子部品、可変開口CCM製品なども販売している。Sunnic Technology & Merchandise Inc.は1985年に設立され、台湾台北市に本社を置く。もっと見るSunnic Technology & Merchandise Inc 基礎のまとめSunnic Technology & Merchandise の収益と売上を時価総額と比較するとどうか。3360 基礎統計学時価総額NT$1.12b収益（TTM）-NT$14.12m売上高(TTM)NT$8.31b0.1xP/Sレシオ-79.3xPER（株価収益率3360 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3360 損益計算書（TTM）収益NT$8.31b売上原価NT$7.99b売上総利益NT$316.75mその他の費用NT$330.87m収益-NT$14.12m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）-0.18グロス・マージン3.81%純利益率-0.17%有利子負債／自己資本比率228.9%3360 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2026/05/25 08:13終値2026/05/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sunnic Technology & Merchandise Inc 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Peishan LiCapital Securities CorporationMing-Chi KuoKGI Securities Co. Ltd.
Reported Earnings • May 16First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$2.31b (up 72% from 1Q 2025). Net loss: NT$204.0k (loss narrowed 99% from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.48 loss per share (vs NT$0.48 loss in FY 2024)Full year 2025 results: NT$0.48 loss per share (improved from NT$0.48 loss in FY 2024). Revenue: NT$7.34b (up 17% from FY 2024). Net loss: NT$36.5m (loss narrowed 1.5% from FY 2024). 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 3% per year.
お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city Taiwan
New Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.18b market cap, or US$37.5m).
お知らせ • Jan 08+ 1 more updateSunnic Technology & Merchandise Inc. Announces Executive ChangesSunnic Technology & Merchandise Inc. announced that the Board approved the appointment of NI, CHIH-JEN as financial officer, and accounting officer. The effective date of the change is January 7, 2026. The previous financial officer was YU, YUEH KUEI, Finance Senior Manager.
Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 16First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: NT$2.31b (up 72% from 1Q 2025). Net loss: NT$204.0k (loss narrowed 99% from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.48 loss per share (vs NT$0.48 loss in FY 2024)Full year 2025 results: NT$0.48 loss per share (improved from NT$0.48 loss in FY 2024). Revenue: NT$7.34b (up 17% from FY 2024). Net loss: NT$36.5m (loss narrowed 1.5% from FY 2024). 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 3% per year.
お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 09, 2026. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city Taiwan
New Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$1.18b market cap, or US$37.5m).
お知らせ • Jan 08+ 1 more updateSunnic Technology & Merchandise Inc. Announces Executive ChangesSunnic Technology & Merchandise Inc. announced that the Board approved the appointment of NI, CHIH-JEN as financial officer, and accounting officer. The effective date of the change is January 7, 2026. The previous financial officer was YU, YUEH KUEI, Finance Senior Manager.
Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 14Third quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.22 loss in 3Q 2024)Third quarter 2025 results: NT$0.18 loss per share (improved from NT$0.22 loss in 3Q 2024). Revenue: NT$1.74b (flat on 3Q 2024). Net loss: NT$13.4m (loss narrowed 19% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.019 loss in 2Q 2024)Second quarter 2025 results: NT$0.18 loss per share (further deteriorated from NT$0.019 loss in 2Q 2024). Revenue: NT$1.80b (up 7.4% from 2Q 2024). Net loss: NT$13.4m (loss widened NT$11.9m from 2Q 2024). 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 1% per year, which means it has not declined as severely as earnings.
New Risk • May 17New 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 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.02b market cap, or US$33.7m).
Reported Earnings • May 17First quarter 2025 earnings released: NT$0.30 loss per share (vs NT$0.17 loss in 1Q 2024)First quarter 2025 results: NT$0.30 loss per share (further deteriorated from NT$0.17 loss in 1Q 2024). Revenue: NT$1.35b (up 21% from 1Q 2024). Net loss: NT$22.5m (loss widened 72% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 29Sunnic Technology & Merchandise Inc to Report Q1, 2025 Results on May 06, 2025Sunnic Technology & Merchandise Inc announced that they will report Q1, 2025 results on May 06, 2025
New Risk • Apr 07New 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 Risk Earnings have declined by 49% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$947.4m market cap, or US$28.7m).
お知らせ • Mar 21Sunnic Technology & Merchandise Inc Announces Executive ChangesSunnic Technology & Merchandise Inc. announced the appointment of LIN,HUEI-JYUN as Acting principal accounting officer, effective 21 March 2025. Resume of the new position holder: Finance Division Assistant manager. The company announced the resignation of HSU,CHE-WEI as principal accounting officer.
Reported Earnings • Mar 21Full year 2024 earnings released: NT$0.48 loss per share (vs NT$1.47 loss in FY 2023)Full year 2024 results: NT$0.48 loss per share (improved from NT$1.47 loss in FY 2023). Revenue: NT$6.26b (down 14% from FY 2023). Net loss: NT$37.0m (loss narrowed 67% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2025Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2025. Location: no,88 ln.527, ta yeh rd., beitou district, taipei city Taiwan
お知らせ • Mar 04Sunnic Technology & Merchandise Inc to Report Fiscal Year 2024 Results on Mar 11, 2025Sunnic Technology & Merchandise Inc announced that they will report fiscal year 2024 results on Mar 11, 2025
New Risk • Nov 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.27b market cap, or US$39.0m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.49 loss in 3Q 2023)Third quarter 2024 results: NT$0.22 loss per share (improved from NT$0.49 loss in 3Q 2023). Revenue: NT$1.74b (up 54% from 3Q 2023). Net loss: NT$16.6m (loss narrowed 56% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.29 loss in 2Q 2023)Second quarter 2024 results: NT$0.02 loss per share (improved from NT$0.29 loss in 2Q 2023). Revenue: NT$1.68b (down 36% from 2Q 2023). Net loss: NT$1.43m (loss narrowed 94% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 06Sunnic Technology & Merchandise Inc to Report Q2, 2024 Results on Aug 13, 2024Sunnic Technology & Merchandise Inc announced that they will report Q2, 2024 results on Aug 13, 2024
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.44 loss in 1Q 2023)First quarter 2024 results: NT$0.17 loss per share (improved from NT$0.44 loss in 1Q 2023). Revenue: NT$1.11b (down 51% from 1Q 2023). Net loss: NT$13.1m (loss narrowed 61% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
お知らせ • May 05Sunnic Technology & Merchandise Inc to Report Q1, 2024 Results on May 10, 2024Sunnic Technology & Merchandise Inc announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Mar 19Full year 2023 earnings released: NT$1.47 loss per share (vs NT$0.32 profit in FY 2022)Full year 2023 results: NT$1.47 loss per share (down from NT$0.32 profit in FY 2022). Revenue: NT$7.27b (down 28% from FY 2022). Net loss: NT$112.6m (down NT$136.6m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 09Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 07, 2024Sunnic Technology & Merchandise Inc, Annual General Meeting, Jun 07, 2024. Location: MRT Beitou Resort (No. 88, Lane 527, Da-Ye Road, Beitou District, 11268, Taipei City) Taipei City Taiwan Agenda: To approve 2023 Business Report; to approve Audit Committee's Review Report; to report on making of Endorsements/Guarantees; and to discuss other matters.
New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NT$1.34b market cap, or US$42.7m).
Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.49 loss per share (vs NT$0.19 profit in 3Q 2022)Third quarter 2023 results: NT$0.49 loss per share (down from NT$0.19 profit in 3Q 2022). Revenue: NT$1.13b (down 58% from 3Q 2022). Net loss: NT$37.7m (down 362% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$909.2m market cap, or US$28.3m).
New Risk • Sep 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$935.9m market cap, or US$29.3m).
Board Change • Aug 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shao-Jen Weng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 18Second quarter 2023 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2022)Second quarter 2023 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2022). Revenue: NT$2.64b (up 34% from 2Q 2022). Net loss: NT$22.1m (down 270% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% 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.
Upcoming Dividend • Jun 13Upcoming dividend of NT$0.80 per share at 5.4% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 24 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$0.32 (vs NT$1.31 in FY 2021)Full year 2022 results: EPS: NT$0.32 (down from NT$1.31 in FY 2021). Revenue: NT$10.1b (up 7.8% from FY 2021). Net income: NT$24.1m (down 76% from FY 2021). Profit margin: 0.2% (down from 1.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year.
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. 6 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Li-Chen Kuo was the last independent director to join the board, commencing their role in 2019. 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 13Third quarter 2022 earnings released: EPS: NT$0.19 (vs NT$0.23 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.19 (down from NT$0.23 in 3Q 2021). Revenue: NT$2.67b (up 30% from 3Q 2021). Net income: NT$14.4m (down 17% from 3Q 2021). Profit margin: 0.5% (down from 0.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.12 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.17 (up from NT$0.12 in 2Q 2021). Revenue: NT$1.97b (down 9.9% from 2Q 2021). Net income: NT$13.0m (up 41% from 2Q 2021). Profit margin: 0.7% (up from 0.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 05Upcoming dividend of NT$0.13 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 7.7% and the cash payout ratio is 86%. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.0%).
お知らせ • Jun 28Sunnic Technology & Merchandise Inc Announces Cash Dividend, Payable on August 16, 2022Sunnic Technology & Merchandise Inc. announced cash dividend of TWD 0.126 per share. Ex-rights (ex-dividend) date is July 12, 2022. Ex-rights (ex-dividend) record date is July 18, 2022. Payment date of cash dividend distribution is August 16, 2022.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.33 in 1Q 2021)First quarter 2022 results: EPS: NT$0.52 (up from NT$0.33 in 1Q 2021). Revenue: NT$3.18b (up 16% from 1Q 2021). Net income: NT$35.7m (up 58% from 1Q 2021). Profit margin: 1.1% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • May 12Sunnic Technology & Merchandise Inc Announces Change to the OfficersSunnic Technology & Merchandise Inc. announced change to the officers of the company. Name, title, and resume of the previous position holder: spokesperson, financial officer, accounting officer, corporate governance officer: CHEN,MEI-LING /CFO. Acting spokesperson: HSU,CHE-WEI /Finance Department senior manager. Name, title, and resume of the new position holder: corporate governance officer: CHIEN,KANG-MIN /Chairman of the Board and President. Accounting officer, spokesperson: HSU,CHE-WEI /Finance Department senior manager. Financial officer, acting spokesperson: YU,YUEH-KUEI /Finance Department senior manager. Reason for the change: retirement. Effective date: CFO CHEN,MEI-LING will retire on May 31, 2022, and the effective date of new appointments will be June 1, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Chen Kuo was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Mar 13Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$1.45 (up from NT$1.01 in FY 2020). Revenue: NT$9.39b (down 34% from FY 2020). Net income: NT$99.8m (up 44% from FY 2020). Profit margin: 1.1% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.37 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$2.06b (down 47% from 3Q 2020). Net income: NT$17.3m (down 32% from 3Q 2020). Profit margin: 0.8% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.43 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.19b (down 59% from 2Q 2020). Net income: NT$9.29m (down 69% from 2Q 2020). Profit margin: 0.4% (down from 0.6% 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 41% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.
分析記事 • Apr 04The Return Trends At Sunnic Technology & Merchandise (GTSM:3360) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Reported Earnings • Mar 12Full year 2020 earnings released: EPS NT$1.01 (vs NT$0.64 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$14.3b (down 26% from FY 2019). Net income: NT$69.2m (up 58% from FY 2019). Profit margin: 0.5% (up from 0.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 08Should You Be Worried About Sunnic Technology & Merchandise Inc's (GTSM:3360) 7.2% Return On Equity?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
お知らせ • Mar 06Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2021Sunnic Technology & Merchandise Inc, Annual General Meeting, May 28, 2021. Location: Taipei Rapid Transit Corporation Beitou Resort 306 Room (No. 88, Lane 527, Da-Ye Road, Beitou District, 11268, Taiwan city Taiwan Agenda: To consider 2020 Business Report; to consider 2020 Supervisor's Review Report; to report on 2020 Employees' and Directors' remuneration; to report on making of Endorsements/Guarantees; to discuss distribution cash in capital reserve; to consider acknowledgment of the 2020 annual final accounting ledgers and statements; to consider acknowledgment of the 2020 Earnings Distribution; and to consider other matters.
Is New 90 Day High Low • Jan 18New 90-day high: NT$16.65The company is up 14% from its price of NT$14.60 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
分析記事 • Jan 10Sunnic Technology & Merchandise (GTSM:3360) Seems To Be Using A Lot Of DebtSome 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 07Sunnic Technology & Merchandise Inc (GTSM:3360) Delivered A Weaker ROE Than Its IndustryOne of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Is New 90 Day High Low • Dec 04New 90-day high: NT$15.95The company is up 3.0% from its price of NT$15.45 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.37The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$3.87b (down 37% from 3Q 2019). Net income: NT$25.3m (up 90% from 3Q 2019). Profit margin: 0.7% (up from 0.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Is New 90 Day High Low • Sep 22New 90-day low: NT$14.95The company is down 8.0% from its price of NT$16.25 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.
