View Past PerformanceSunflex Tech バランスシートの健全性財務の健全性 基準チェック /46Sunflex Techの総株主資本はNT$1.4B 、総負債はNT$190.5Mで、負債比率は13.6%となります。総資産と総負債はそれぞれNT$1.8BとNT$397.3Mです。主要情報13.61%負債資本比率NT$190.48m負債インタレスト・カバレッジ・レシオn/a現金NT$603.82mエクイティNT$1.40b負債合計NT$397.31m総資産NT$1.80b財務の健全性に関する最新情報分析記事 • Mar 30Is Sunflex Tech (GTSM:3390) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Dec 14Is Sunflex Tech (GTSM:3390) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesReported Earnings • Mar 14Full year 2025 earnings released: NT$0.55 loss per share (vs NT$1.41 profit in FY 2024)Full year 2025 results: NT$0.55 loss per share (down from NT$1.41 profit in FY 2024). Revenue: NT$792.3m (down 7.4% from FY 2024). Net loss: NT$42.2m (down 144% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Mar 06Sunflex Tech Co., Ltd., Annual General Meeting, Jun 16, 2026Sunflex Tech Co., Ltd., Annual General Meeting, Jun 16, 2026. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city TaiwanNew Risk • Dec 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 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 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 Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.93b market cap, or US$61.7m).Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.014 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.08 (up from NT$0.014 in 3Q 2024). Revenue: NT$198.4m (down 12% from 3Q 2024). Net income: NT$6.07m (up NT$5.08m from 3Q 2024). Profit margin: 3.1% (up from 0.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Aug 14Now 22% overvaluedOver the last 90 days, the stock has fallen 13% to NT$19.35. The fair value is estimated to be NT$15.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.84 loss per share (vs NT$0.63 profit in 2Q 2024)Second quarter 2025 results: NT$0.84 loss per share (down from NT$0.63 profit in 2Q 2024). Revenue: NT$182.6m (down 25% from 2Q 2024). Net loss: NT$66.0m (down 252% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 22 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).Declared Dividend • Jul 07Dividend increased to NT$1.00Dividend of NT$1.00 is 43% higher than last year. Ex-date: 31st July 2025 Payment date: 22nd August 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control, which is less than the 56% EPS growth achieved over the last 5 years.New Risk • May 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (NT$1.77b market cap, or US$58.6m).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.53 in 1Q 2024)First quarter 2025 results: EPS: NT$0.08 (down from NT$0.53 in 1Q 2024). Revenue: NT$195.0m (up 8.9% from 1Q 2024). Net income: NT$5.46m (down 85% from 1Q 2024). Profit margin: 2.8% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.New Risk • May 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (NT$1.77b market cap, or US$58.4m).お知らせ • May 01Sunflex Tech Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Sunflex Tech Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$19.75, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.お知らせ • Mar 07+ 1 more updateSunflex Tech Co., Ltd., Annual General Meeting, Jun 27, 2025Sunflex Tech Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwanお知らせ • Mar 01Sunflex Tech Co., Ltd. to Report Q4, 2024 Results on Mar 06, 2025Sunflex Tech Co., Ltd. announced that they will report Q4, 2024 results on Mar 06, 2025Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.81 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.01 (down from NT$0.81 in 3Q 2023). Revenue: NT$225.1m (up 3.9% from 3Q 2023). Net income: NT$994.0k (down 98% from 3Q 2023). Profit margin: 0.4% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 01Sunflex Tech Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Sunflex Tech Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024お知らせ • Sep 11Sunflex Tech Co., Ltd. Announces Demise of Lu Qing-He, Natural-Person DirectorSunflex Tech Co., Ltd. announced that the dismissal of the company's director. Title and name of the previous position holder: Natural-person director /Lu Qing-He. Resume of the previous position holder: Natural-person director. Natural-person Director Mr. Lu Qing-He passed away on September 9, 2024.New Risk • Sep 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.32b market cap, or US$72.0m).Buy Or Sell Opportunity • Aug 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to NT$37.20. The fair value is estimated to be NT$30.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.39 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.63 (up from NT$0.39 in 2Q 2023). Revenue: NT$242.8m (up 39% from 2Q 2023). Net income: NT$43.5m (up 64% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$33.90, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 105% over the past three years.お知らせ • Aug 01Sunflex Tech Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Sunflex Tech Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Declared Dividend • Jul 08Dividend increased to NT$0.70Dividend of NT$0.70 is 2.9% higher than last year. Ex-date: 22nd July 2024 Payment date: 13th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.048 in 1Q 2023)First quarter 2024 results: EPS: NT$0.53 (up from NT$0.048 in 1Q 2023). Revenue: NT$179.0m (down 4.9% from 1Q 2023). Net income: NT$36.4m (up NT$33.0m from 1Q 2023). Profit margin: 20% (up from 1.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$33.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.お知らせ • May 03Sunflex Tech Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Sunflex Tech Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Mar 18Full year 2023 earnings released: EPS: NT$1.00 (vs NT$1.13 in FY 2022)Full year 2023 results: EPS: NT$1.00 (down from NT$1.13 in FY 2022). Revenue: NT$808.6m (down 19% from FY 2022). Net income: NT$68.9m (down 10% from FY 2022). Profit margin: 8.5% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$29.80, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 104% over the past three years.お知らせ • Mar 08+ 1 more updateSunflex Tech Co., Ltd., Annual General Meeting, Jun 13, 2024Sunflex Tech Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: Monarch Skyline Hotel No.108.Sec 1, Nankan Rd, Luzhu Dist., 338 Taoyuan City Taiwan Agenda: To consider the 2023 Business Report; to consider the Report on the Amendments on Rules of Procedure for Board of Directors Meetings; to consider the Adoption of the 2023 Business Report and Personal Financial Statement and Consolidated Financial Report; and to discuss other matters.Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$38.00, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 163% over the past three years.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$24.50, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 75% over the past three years.Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.81 (vs NT$0.84 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.81 (down from NT$0.84 in 3Q 2022). Revenue: NT$216.7m (down 22% from 3Q 2022). Net income: NT$55.6m (down 1.6% from 3Q 2022). Profit margin: 26% (up from 20% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.39 (vs NT$0.47 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.39 (down from NT$0.47 in 2Q 2022). Revenue: NT$175.0m (down 44% from 2Q 2022). Net income: NT$26.5m (down 17% from 2Q 2022). Profit margin: 15% (up from 10% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 03Upcoming dividend of NT$0.68 per share at 3.7% yieldEligible shareholders must have bought the stock before 10 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Reported Earnings • Apr 01Full year 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in FY 2021)Full year 2022 results: EPS: NT$1.13 (up from NT$0.48 in FY 2021). Revenue: NT$993.2m (up 11% from FY 2021). Net income: NT$76.7m (up 135% from FY 2021). Profit margin: 7.7% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.83 (vs NT$0.31 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.83 (up from NT$0.31 in 3Q 2021). Revenue: NT$278.5m (up 5.9% from 3Q 2021). Net income: NT$56.5m (up 167% from 3Q 2021). Profit margin: 20% (up from 8.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.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. No experienced directors. 10 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fang Wen Zhou was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$17.05, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$19.80, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 4.1% over the past three years.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.47 (vs NT$0.13 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.47 (up from NT$0.13 in 2Q 2021). Revenue: NT$313.0m (up 38% from 2Q 2021). Net income: NT$31.9m (up 270% from 2Q 2021). Profit margin: 10% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$22.35, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 2.2% over the past three years.Upcoming Dividend • Jul 07Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 03 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$22.20, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past three years.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.36 (vs NT$0.008 in 1Q 2021)First quarter 2022 results: EPS: NT$0.36 (up from NT$0.008 in 1Q 2021). Revenue: NT$223.2m (up 25% from 1Q 2021). Net income: NT$24.6m (up NT$24.0m from 1Q 2021). Profit margin: 11% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.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). Independent Director Fang Wen Zhou was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 02Sunflex Tech Co., Ltd., Annual General Meeting, Jun 17, 2022Sunflex Tech Co., Ltd., Annual General Meeting, Jun 17, 2022.Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$0.48 (vs NT$1.83 loss in FY 2020)Full year 2021 results: EPS: NT$0.48 (up from NT$1.83 loss in FY 2020). Revenue: NT$898.9m (up 37% from FY 2020). Net income: NT$32.6m (up NT$156.3m from FY 2020). Profit margin: 3.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.56 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$263.0m (up 65% from 3Q 2020). Net income: NT$21.1m (up NT$59.1m from 3Q 2020). Profit margin: 8.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.41 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$227.6m (up 34% from 2Q 2020). Net income: NT$8.64m (up NT$36.5m from 2Q 2020). Profit margin: 3.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 05Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 27 August 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.31 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$178.2m (up 31% from 1Q 2020). Net income: NT$565.0k (up NT$21.6m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.分析記事 • Mar 30Is Sunflex Tech (GTSM:3390) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 30Full year 2020 earnings released: NT$1.83 loss per share (vs NT$0.63 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$657.0m (down 8.4% from FY 2019). Net loss: NT$123.7m (loss widened 191% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.分析記事 • Feb 05Tread With Caution Around Sunflex Tech Co., Ltd.'s (GTSM:3390) 3.4% Dividend YieldToday we'll take a closer look at Sunflex Tech Co., Ltd. ( GTSM:3390 ) from a dividend investor's perspective. Owning a...Is New 90 Day High Low • Jan 27New 90-day high: NT$16.35The company is up 22% from its price of NT$13.40 on 30 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 28% over the same period.分析記事 • Dec 14Is Sunflex Tech (GTSM:3390) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Is New 90 Day High Low • Dec 02New 90-day high: NT$15.15The company is up 5.0% from its price of NT$14.40 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.56 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$159.0m (down 25% from 3Q 2019). Net loss: NT$37.9m (loss widened 47% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 86% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 14New 90-day low: NT$13.05The company is down 21% from its price of NT$16.55 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.財務状況分析短期負債: 3390の 短期資産 ( NT$1.1B ) が 短期負債 ( NT$203.5M ) を超えています。長期負債: 3390の短期資産 ( NT$1.1B ) が 長期負債 ( NT$193.8M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3390総負債よりも多くの現金を保有しています。負債の削減: 3390の負債対資本比率は、過去 5 年間で60.9%から13.6%に減少しました。債務返済能力: 3390の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 3390の負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend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2026/05/08 10:32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Sunflex Tech 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
分析記事 • Mar 30Is Sunflex Tech (GTSM:3390) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Dec 14Is Sunflex Tech (GTSM:3390) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.55 loss per share (vs NT$1.41 profit in FY 2024)Full year 2025 results: NT$0.55 loss per share (down from NT$1.41 profit in FY 2024). Revenue: NT$792.3m (down 7.4% from FY 2024). Net loss: NT$42.2m (down 144% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Mar 06Sunflex Tech Co., Ltd., Annual General Meeting, Jun 16, 2026Sunflex Tech Co., Ltd., Annual General Meeting, Jun 16, 2026. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
New Risk • Dec 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 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 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 Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.93b market cap, or US$61.7m).
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.014 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.08 (up from NT$0.014 in 3Q 2024). Revenue: NT$198.4m (down 12% from 3Q 2024). Net income: NT$6.07m (up NT$5.08m from 3Q 2024). Profit margin: 3.1% (up from 0.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Aug 14Now 22% overvaluedOver the last 90 days, the stock has fallen 13% to NT$19.35. The fair value is estimated to be NT$15.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.84 loss per share (vs NT$0.63 profit in 2Q 2024)Second quarter 2025 results: NT$0.84 loss per share (down from NT$0.63 profit in 2Q 2024). Revenue: NT$182.6m (down 25% from 2Q 2024). Net loss: NT$66.0m (down 252% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 22 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).
Declared Dividend • Jul 07Dividend increased to NT$1.00Dividend of NT$1.00 is 43% higher than last year. Ex-date: 31st July 2025 Payment date: 22nd August 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control, which is less than the 56% EPS growth achieved over the last 5 years.
New Risk • May 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (NT$1.77b market cap, or US$58.6m).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.53 in 1Q 2024)First quarter 2025 results: EPS: NT$0.08 (down from NT$0.53 in 1Q 2024). Revenue: NT$195.0m (up 8.9% from 1Q 2024). Net income: NT$5.46m (down 85% from 1Q 2024). Profit margin: 2.8% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
New Risk • May 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (NT$1.77b market cap, or US$58.4m).
お知らせ • May 01Sunflex Tech Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Sunflex Tech Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$19.75, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.
お知らせ • Mar 07+ 1 more updateSunflex Tech Co., Ltd., Annual General Meeting, Jun 27, 2025Sunflex Tech Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
お知らせ • Mar 01Sunflex Tech Co., Ltd. to Report Q4, 2024 Results on Mar 06, 2025Sunflex Tech Co., Ltd. announced that they will report Q4, 2024 results on Mar 06, 2025
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.81 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.01 (down from NT$0.81 in 3Q 2023). Revenue: NT$225.1m (up 3.9% from 3Q 2023). Net income: NT$994.0k (down 98% from 3Q 2023). Profit margin: 0.4% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 01Sunflex Tech Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Sunflex Tech Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024
お知らせ • Sep 11Sunflex Tech Co., Ltd. Announces Demise of Lu Qing-He, Natural-Person DirectorSunflex Tech Co., Ltd. announced that the dismissal of the company's director. Title and name of the previous position holder: Natural-person director /Lu Qing-He. Resume of the previous position holder: Natural-person director. Natural-person Director Mr. Lu Qing-He passed away on September 9, 2024.
New Risk • Sep 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.32b market cap, or US$72.0m).
Buy Or Sell Opportunity • Aug 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to NT$37.20. The fair value is estimated to be NT$30.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.39 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.63 (up from NT$0.39 in 2Q 2023). Revenue: NT$242.8m (up 39% from 2Q 2023). Net income: NT$43.5m (up 64% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$33.90, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 105% over the past three years.
お知らせ • Aug 01Sunflex Tech Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Sunflex Tech Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Declared Dividend • Jul 08Dividend increased to NT$0.70Dividend of NT$0.70 is 2.9% higher than last year. Ex-date: 22nd July 2024 Payment date: 13th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.048 in 1Q 2023)First quarter 2024 results: EPS: NT$0.53 (up from NT$0.048 in 1Q 2023). Revenue: NT$179.0m (down 4.9% from 1Q 2023). Net income: NT$36.4m (up NT$33.0m from 1Q 2023). Profit margin: 20% (up from 1.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$33.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.
お知らせ • May 03Sunflex Tech Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Sunflex Tech Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Mar 18Full year 2023 earnings released: EPS: NT$1.00 (vs NT$1.13 in FY 2022)Full year 2023 results: EPS: NT$1.00 (down from NT$1.13 in FY 2022). Revenue: NT$808.6m (down 19% from FY 2022). Net income: NT$68.9m (down 10% from FY 2022). Profit margin: 8.5% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$29.80, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 104% over the past three years.
お知らせ • Mar 08+ 1 more updateSunflex Tech Co., Ltd., Annual General Meeting, Jun 13, 2024Sunflex Tech Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: Monarch Skyline Hotel No.108.Sec 1, Nankan Rd, Luzhu Dist., 338 Taoyuan City Taiwan Agenda: To consider the 2023 Business Report; to consider the Report on the Amendments on Rules of Procedure for Board of Directors Meetings; to consider the Adoption of the 2023 Business Report and Personal Financial Statement and Consolidated Financial Report; and to discuss other matters.
Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$38.00, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 163% over the past three years.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$30.30, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$24.50, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 75% over the past three years.
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.81 (vs NT$0.84 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.81 (down from NT$0.84 in 3Q 2022). Revenue: NT$216.7m (down 22% from 3Q 2022). Net income: NT$55.6m (down 1.6% from 3Q 2022). Profit margin: 26% (up from 20% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.39 (vs NT$0.47 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.39 (down from NT$0.47 in 2Q 2022). Revenue: NT$175.0m (down 44% from 2Q 2022). Net income: NT$26.5m (down 17% from 2Q 2022). Profit margin: 15% (up from 10% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 03Upcoming dividend of NT$0.68 per share at 3.7% yieldEligible shareholders must have bought the stock before 10 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Reported Earnings • Apr 01Full year 2022 earnings released: EPS: NT$1.13 (vs NT$0.48 in FY 2021)Full year 2022 results: EPS: NT$1.13 (up from NT$0.48 in FY 2021). Revenue: NT$993.2m (up 11% from FY 2021). Net income: NT$76.7m (up 135% from FY 2021). Profit margin: 7.7% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.83 (vs NT$0.31 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.83 (up from NT$0.31 in 3Q 2021). Revenue: NT$278.5m (up 5.9% from 3Q 2021). Net income: NT$56.5m (up 167% from 3Q 2021). Profit margin: 20% (up from 8.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
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. No experienced directors. 10 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Fang Wen Zhou was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$17.05, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$19.80, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 4.1% over the past three years.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.47 (vs NT$0.13 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.47 (up from NT$0.13 in 2Q 2021). Revenue: NT$313.0m (up 38% from 2Q 2021). Net income: NT$31.9m (up 270% from 2Q 2021). Profit margin: 10% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$22.35, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 2.2% over the past three years.
Upcoming Dividend • Jul 07Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 03 August 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$22.20, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past three years.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.36 (vs NT$0.008 in 1Q 2021)First quarter 2022 results: EPS: NT$0.36 (up from NT$0.008 in 1Q 2021). Revenue: NT$223.2m (up 25% from 1Q 2021). Net income: NT$24.6m (up NT$24.0m from 1Q 2021). Profit margin: 11% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
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). Independent Director Fang Wen Zhou was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 02Sunflex Tech Co., Ltd., Annual General Meeting, Jun 17, 2022Sunflex Tech Co., Ltd., Annual General Meeting, Jun 17, 2022.
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$0.48 (vs NT$1.83 loss in FY 2020)Full year 2021 results: EPS: NT$0.48 (up from NT$1.83 loss in FY 2020). Revenue: NT$898.9m (up 37% from FY 2020). Net income: NT$32.6m (up NT$156.3m from FY 2020). Profit margin: 3.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.56 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$263.0m (up 65% from 3Q 2020). Net income: NT$21.1m (up NT$59.1m from 3Q 2020). Profit margin: 8.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.41 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$227.6m (up 34% from 2Q 2020). Net income: NT$8.64m (up NT$36.5m from 2Q 2020). Profit margin: 3.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 05Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 27 August 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.31 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$178.2m (up 31% from 1Q 2020). Net income: NT$565.0k (up NT$21.6m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 30Is Sunflex Tech (GTSM:3390) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 30Full year 2020 earnings released: NT$1.83 loss per share (vs NT$0.63 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$657.0m (down 8.4% from FY 2019). Net loss: NT$123.7m (loss widened 191% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 05Tread With Caution Around Sunflex Tech Co., Ltd.'s (GTSM:3390) 3.4% Dividend YieldToday we'll take a closer look at Sunflex Tech Co., Ltd. ( GTSM:3390 ) from a dividend investor's perspective. Owning a...
Is New 90 Day High Low • Jan 27New 90-day high: NT$16.35The company is up 22% from its price of NT$13.40 on 30 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 28% over the same period.
分析記事 • Dec 14Is Sunflex Tech (GTSM:3390) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Is New 90 Day High Low • Dec 02New 90-day high: NT$15.15The company is up 5.0% from its price of NT$14.40 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.56 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$159.0m (down 25% from 3Q 2019). Net loss: NT$37.9m (loss widened 47% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 86% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 14New 90-day low: NT$13.05The company is down 21% from its price of NT$16.55 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.