View Financial HealthADO Optronics 配当と自社株買い配当金 基準チェック /16ADO Optronics配当を支払う会社であり、現在の利回りは0.98%で、収益によって十分にカバーされています。主要情報1.0%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長-1.3%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向73%最近の配当と自社株買いの更新Upcoming Dividend • Jul 31Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 74% and the cash payout ratio is 93%. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.9%).Declared Dividend • Jul 09Dividend increased to NT$0.25Dividend of NT$0.25 is 1,173% higher than last year. Ex-date: 7th August 2025 Payment date: 10th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 06Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 13 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 6.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (3.1%).Upcoming Dividend • Aug 01Upcoming dividend of NT$0.20 per share at 1.1% yieldEligible shareholders must have bought the stock before 08 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).Upcoming Dividend • Jun 30Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).すべての更新を表示Recent updatesReported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.27 (vs NT$0.35 in FY 2024)Full year 2025 results: EPS: NT$0.27 (down from NT$0.35 in FY 2024). Revenue: NT$1.05b (down 14% from FY 2024). Net income: NT$16.4m (down 16% from FY 2024). Profit margin: 1.6% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Mar 05ADO Optronics Corporation, Annual General Meeting, Jun 17, 2026ADO Optronics Corporation, Annual General Meeting, Jun 17, 2026. Location: no,858, kuang fu rd., bade district, taoyuan city TaiwanNew Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.19b market cap, or US$38.5m).Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.004 (vs NT$0.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.004 (down from NT$0.12 in 3Q 2024). Revenue: NT$248.9m (down 6.5% from 3Q 2024). Net income: NT$158.0k (down 98% from 3Q 2024). Profit margin: 0.1% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.052 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (down from NT$0.052 in 2Q 2024). Revenue: NT$223.7m (down 23% from 2Q 2024). Net loss: NT$2.42m (down 187% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 31Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 74% and the cash payout ratio is 93%. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.9%).Declared Dividend • Jul 09Dividend increased to NT$0.25Dividend of NT$0.25 is 1,173% higher than last year. Ex-date: 7th August 2025 Payment date: 10th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.079 in 1Q 2024)First quarter 2025 results: EPS: NT$0.06 (down from NT$0.079 in 1Q 2024). Revenue: NT$220.7m (down 32% from 1Q 2024). Net income: NT$3.87m (down 8.2% from 1Q 2024). Profit margin: 1.8% (up from 1.3% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.05, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 25% over the past three years.Reported Earnings • Mar 30Full year 2024 earnings released: EPS: NT$0.36 (vs NT$0.28 in FY 2023)Full year 2024 results: EPS: NT$0.36 (up from NT$0.28 in FY 2023). Revenue: NT$1.22b (up 17% from FY 2023). Net income: NT$19.5m (up 32% from FY 2023). Profit margin: 1.6% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Mar 12ADO Optronics Corporation, Annual General Meeting, Jun 10, 2025ADO Optronics Corporation, Annual General Meeting, Jun 10, 2025. Location: no,858, kuang fu rd., bade district, taoyuan city TaiwanNew Risk • Jan 21New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$1.35b market cap, or US$41.1m).New Risk • Jan 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (NT$1.37b market cap, or US$41.5m).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.12 (up from NT$0.12 in 3Q 2023). Revenue: NT$266.3m (up 9.3% from 3Q 2023). Net income: NT$6.38m (up 1.3% from 3Q 2023). Profit margin: 2.4% (down from 2.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.05 (down from NT$0.14 in 2Q 2023). Revenue: NT$289.4m (up 25% from 2Q 2023). Net income: NT$2.77m (down 62% from 2Q 2023). Profit margin: 1.0% (down from 3.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 06Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 13 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 6.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (3.1%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.033 in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (up from NT$0.033 in 1Q 2023). Revenue: NT$324.4m (up 35% from 1Q 2023). Net income: NT$4.21m (up 145% from 1Q 2023). Profit margin: 1.3% (up from 0.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.23b market cap, or US$38.2m).New Risk • Mar 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.25b market cap, or US$39.4m).Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$0.28 (vs NT$1.06 in FY 2022)Full year 2023 results: EPS: NT$0.28 (down from NT$1.06 in FY 2022). Revenue: NT$1.04b (up 8.2% from FY 2022). Net income: NT$14.7m (down 74% from FY 2022). Profit margin: 1.4% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 19ADO Optronics Corporation, Annual General Meeting, Jun 18, 2024ADO Optronics Corporation, Annual General Meeting, Jun 18, 2024.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$30.65, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 67% over the past three years.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$21.90, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.Upcoming Dividend • Aug 01Upcoming dividend of NT$0.20 per share at 1.1% yieldEligible shareholders must have bought the stock before 08 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).Buying Opportunity • Mar 02Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$20.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Feb 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be NT$19.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Nov 01Now 21% undervaluedOver the last 90 days, the stock is up 4.5%. The fair value is estimated to be NT$20.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Jun 30Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).Reported Earnings • May 22First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.12 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (up from NT$0.12 loss in 1Q 2021). Revenue: NT$230.8m (up 41% from 1Q 2021). Net income: NT$14.5m (up NT$20.3m from 1Q 2021). Profit margin: 6.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.057 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$305.9m (up 52% from 3Q 2020). Net income: NT$20.1m (up NT$17.2m from 3Q 2020). Profit margin: 6.6% (up from 1.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 83% 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 18Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.98 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$304.6m (up 46% from 2Q 2020). Net income: NT$16.4m (down 67% from 2Q 2020). Profit margin: 5.4% (down from 24% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$19.15, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 50% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: NT$0.11 loss per share (vs NT$0.086 loss in 1Q 2020)The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: NT$163.5m (up 49% from 1Q 2020). Net loss: NT$5.81m (loss widened 34% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$15.15, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years.分析記事 • Apr 15Would ADO Optronics Corporation (GTSM:3516) Be Valuable To Income Investors?Is ADO Optronics Corporation ( GTSM:3516 ) a good dividend stock? How can we tell? Dividend paying companies with...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.35 (vs NT$0.044 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$701.5m (up 8.8% from FY 2019). Net income: NT$17.8m (up NT$15.6m from FY 2019). Profit margin: 2.5% (up from 0.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 18New 90-day high: NT$16.20The company is up 11% from its price of NT$14.65 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.分析記事 • Jan 31Is ADO Optronics (GTSM:3516) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Jan 18New 90-day low: NT$14.25The company is down 6.0% from its price of NT$15.15 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 • Dec 09Here's Why We Don't Think ADO Optronics's (GTSM:3516) Statutory Earnings Reflect Its Underlying Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.06The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$200.9m (up 13% from 3Q 2019). Net income: NT$2.89m (down 85% from 3Q 2019). Profit margin: 1.4% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.決済の安定と成長配当データの取得安定した配当: 3516は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 3516の配当金は増加していますが、同社は5年間しか配当金を支払っていません。配当利回り対市場ADO Optronics 配当利回り対市場3516 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (3516)1.0%市場下位25% (TW)1.5%市場トップ25% (TW)5.0%業界平均 (Electronic)1.4%アナリスト予想 (3516) (最長3年)n/a注目すべき配当: 3516の配当金 ( 0.98% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) と比べると目立ったものではありません。高配当: 3516の配当金 ( 0.98% ) はTW市場の配当金支払者の上位 25% ( 5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 3516の配当金は、合理的な 配当性向 ( 72.7% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 3516は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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 09:46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ADO Optronics Corporation 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。0
Upcoming Dividend • Jul 31Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 74% and the cash payout ratio is 93%. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.9%).
Declared Dividend • Jul 09Dividend increased to NT$0.25Dividend of NT$0.25 is 1,173% higher than last year. Ex-date: 7th August 2025 Payment date: 10th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 06Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 13 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 6.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (3.1%).
Upcoming Dividend • Aug 01Upcoming dividend of NT$0.20 per share at 1.1% yieldEligible shareholders must have bought the stock before 08 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
Upcoming Dividend • Jun 30Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.27 (vs NT$0.35 in FY 2024)Full year 2025 results: EPS: NT$0.27 (down from NT$0.35 in FY 2024). Revenue: NT$1.05b (down 14% from FY 2024). Net income: NT$16.4m (down 16% from FY 2024). Profit margin: 1.6% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Mar 05ADO Optronics Corporation, Annual General Meeting, Jun 17, 2026ADO Optronics Corporation, Annual General Meeting, Jun 17, 2026. Location: no,858, kuang fu rd., bade district, taoyuan city Taiwan
New Risk • Nov 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.19b market cap, or US$38.5m).
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.004 (vs NT$0.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.004 (down from NT$0.12 in 3Q 2024). Revenue: NT$248.9m (down 6.5% from 3Q 2024). Net income: NT$158.0k (down 98% from 3Q 2024). Profit margin: 0.1% (down from 2.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.052 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.04 (down from NT$0.052 in 2Q 2024). Revenue: NT$223.7m (down 23% from 2Q 2024). Net loss: NT$2.42m (down 187% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 31Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 74% and the cash payout ratio is 93%. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.9%).
Declared Dividend • Jul 09Dividend increased to NT$0.25Dividend of NT$0.25 is 1,173% higher than last year. Ex-date: 7th August 2025 Payment date: 10th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.079 in 1Q 2024)First quarter 2025 results: EPS: NT$0.06 (down from NT$0.079 in 1Q 2024). Revenue: NT$220.7m (down 32% from 1Q 2024). Net income: NT$3.87m (down 8.2% from 1Q 2024). Profit margin: 1.8% (up from 1.3% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.05, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 25% over the past three years.
Reported Earnings • Mar 30Full year 2024 earnings released: EPS: NT$0.36 (vs NT$0.28 in FY 2023)Full year 2024 results: EPS: NT$0.36 (up from NT$0.28 in FY 2023). Revenue: NT$1.22b (up 17% from FY 2023). Net income: NT$19.5m (up 32% from FY 2023). Profit margin: 1.6% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Mar 12ADO Optronics Corporation, Annual General Meeting, Jun 10, 2025ADO Optronics Corporation, Annual General Meeting, Jun 10, 2025. Location: no,858, kuang fu rd., bade district, taoyuan city Taiwan
New Risk • Jan 21New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$1.35b market cap, or US$41.1m).
New Risk • Jan 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (NT$1.37b market cap, or US$41.5m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.12 (up from NT$0.12 in 3Q 2023). Revenue: NT$266.3m (up 9.3% from 3Q 2023). Net income: NT$6.38m (up 1.3% from 3Q 2023). Profit margin: 2.4% (down from 2.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.14 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.05 (down from NT$0.14 in 2Q 2023). Revenue: NT$289.4m (up 25% from 2Q 2023). Net income: NT$2.77m (down 62% from 2Q 2023). Profit margin: 1.0% (down from 3.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 06Upcoming dividend of NT$0.02 per shareEligible shareholders must have bought the stock before 13 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 6.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (3.1%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.033 in 1Q 2023)First quarter 2024 results: EPS: NT$0.08 (up from NT$0.033 in 1Q 2023). Revenue: NT$324.4m (up 35% from 1Q 2023). Net income: NT$4.21m (up 145% from 1Q 2023). Profit margin: 1.3% (up from 0.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.23b market cap, or US$38.2m).
New Risk • Mar 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.25b market cap, or US$39.4m).
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$0.28 (vs NT$1.06 in FY 2022)Full year 2023 results: EPS: NT$0.28 (down from NT$1.06 in FY 2022). Revenue: NT$1.04b (up 8.2% from FY 2022). Net income: NT$14.7m (down 74% from FY 2022). Profit margin: 1.4% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 19ADO Optronics Corporation, Annual General Meeting, Jun 18, 2024ADO Optronics Corporation, Annual General Meeting, Jun 18, 2024.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$30.65, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 67% over the past three years.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$21.90, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Upcoming Dividend • Aug 01Upcoming dividend of NT$0.20 per share at 1.1% yieldEligible shareholders must have bought the stock before 08 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
Buying Opportunity • Mar 02Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$20.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Feb 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.8%. The fair value is estimated to be NT$19.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Nov 01Now 21% undervaluedOver the last 90 days, the stock is up 4.5%. The fair value is estimated to be NT$20.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Jun 30Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).
Reported Earnings • May 22First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.12 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.29 (up from NT$0.12 loss in 1Q 2021). Revenue: NT$230.8m (up 41% from 1Q 2021). Net income: NT$14.5m (up NT$20.3m from 1Q 2021). Profit margin: 6.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.057 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$305.9m (up 52% from 3Q 2020). Net income: NT$20.1m (up NT$17.2m from 3Q 2020). Profit margin: 6.6% (up from 1.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 83% 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 18Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.98 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$304.6m (up 46% from 2Q 2020). Net income: NT$16.4m (down 67% from 2Q 2020). Profit margin: 5.4% (down from 24% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$19.15, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: NT$0.11 loss per share (vs NT$0.086 loss in 1Q 2020)The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: NT$163.5m (up 49% from 1Q 2020). Net loss: NT$5.81m (loss widened 34% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$15.15, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 13% over the past three years.
分析記事 • Apr 15Would ADO Optronics Corporation (GTSM:3516) Be Valuable To Income Investors?Is ADO Optronics Corporation ( GTSM:3516 ) a good dividend stock? How can we tell? Dividend paying companies with...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.35 (vs NT$0.044 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$701.5m (up 8.8% from FY 2019). Net income: NT$17.8m (up NT$15.6m from FY 2019). Profit margin: 2.5% (up from 0.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 18New 90-day high: NT$16.20The company is up 11% from its price of NT$14.65 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.
分析記事 • Jan 31Is ADO Optronics (GTSM:3516) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Jan 18New 90-day low: NT$14.25The company is down 6.0% from its price of NT$15.15 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 • Dec 09Here's Why We Don't Think ADO Optronics's (GTSM:3516) Statutory Earnings Reflect Its Underlying Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.06The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$200.9m (up 13% from 3Q 2019). Net income: NT$2.89m (down 85% from 3Q 2019). Profit margin: 1.4% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.