View Past PerformanceThermaltake Technology バランスシートの健全性財務の健全性 基準チェック /26Thermaltake Technologyの総株主資本はNT$1.8B 、総負債はNT$2.5Bで、負債比率は142.8%となります。総資産と総負債はそれぞれNT$5.8BとNT$4.0Bです。 Thermaltake Technologyの EBIT はNT$69.5Mで、利息カバレッジ比率1.7です。現金および短期投資はNT$755.4Mです。主要情報142.79%負債資本比率NT$2.55b負債インタレスト・カバレッジ・レシオ1.7x現金NT$755.39mエクイティNT$1.78b負債合計NT$4.03b総資産NT$5.82b財務の健全性に関する最新情報分析記事 • Apr 28Thermaltake Technology (GTSM:3540) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jan 10Is Thermaltake Technology (GTSM:3540) Using Too Much Debt?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 • May 16First quarter 2026 earnings released: EPS: NT$0.15 (vs NT$0.60 in 1Q 2025)First quarter 2026 results: EPS: NT$0.15 (down from NT$0.60 in 1Q 2025). Revenue: NT$1.27b (down 3.8% from 1Q 2025). Net income: NT$10.9m (down 75% from 1Q 2025). Profit margin: 0.9% (down from 3.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.74 (vs NT$1.35 loss in FY 2024)Full year 2025 results: EPS: NT$0.74 (up from NT$1.35 loss in FY 2024). Revenue: NT$5.14b (up 29% from FY 2024). Net income: NT$53.8m (up NT$151.4m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). 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 64 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 2 floor no,12, chou tzu st., neihu district, taipei city TaiwanReported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.45 (vs NT$1.11 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.45 (up from NT$1.11 loss in 3Q 2024). Revenue: NT$1.21b (up 43% from 3Q 2024). Net income: NT$32.4m (up NT$112.7m from 3Q 2024). Profit margin: 2.7% (up from net loss in 3Q 2024). 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 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.021 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.021 profit in 2Q 2024). Revenue: NT$1.28b (up 31% from 2Q 2024). Net loss: NT$41.7m (down NT$43.2m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.New Risk • May 14New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 369% Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$2.41b market cap, or US$79.6m).Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.093 in 1Q 2024)First quarter 2025 results: EPS: NT$0.60 (up from NT$0.093 in 1Q 2024). Revenue: NT$1.32b (up 22% from 1Q 2024). Net income: NT$43.3m (up NT$36.6m from 1Q 2024). Profit margin: 3.3% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Apr 30Thermaltake Technology Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Thermaltake Technology Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.18b market cap, or US$66.0m).Reported Earnings • Mar 21Full year 2024 earnings released: NT$1.35 loss per share (vs NT$1.40 profit in FY 2023)Full year 2024 results: NT$1.35 loss per share (down from NT$1.40 profit in FY 2023). Revenue: NT$3.98b (down 9.1% from FY 2023). Net loss: NT$97.7m (down 197% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 14Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 10, 2025Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwanお知らせ • Mar 06Thermaltake Technology Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025Thermaltake Technology Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.11 loss per share (vs NT$0.45 profit in 3Q 2023)Third quarter 2024 results: NT$1.11 loss per share (down from NT$0.45 profit in 3Q 2023). Revenue: NT$846.2m (down 22% from 3Q 2023). Net loss: NT$80.3m (down 350% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Oct 29Thermaltake Technology Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Thermaltake Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.56 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.02 (down from NT$0.56 in 2Q 2023). Revenue: NT$977.8m (down 14% from 2Q 2023). Net income: NT$1.51m (down 96% from 2Q 2023). Profit margin: 0.2% (down from 3.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$33.05, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total loss to shareholders of 23% over the past three years.お知らせ • Jul 31Thermaltake Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Thermaltake Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$3.26b market cap, or US$99.7m).Declared Dividend • Jun 19Dividend increased to NT$0.90Dividend of NT$0.90 is 201% higher than last year. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% 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 increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.0% to bring the payout ratio under control. However, EPS has declined by 8.0% over the last 5 years so the company would need to reverse this trend.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$46.00, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total loss to shareholders of 18% over the past three years.Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.09 (vs NT$0.50 in 1Q 2023)First quarter 2024 results: EPS: NT$0.09 (down from NT$0.50 in 1Q 2023). Revenue: NT$1.09b (flat on 1Q 2023). Net income: NT$6.73m (down 81% from 1Q 2023). Profit margin: 0.6% (down from 3.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • May 02Thermaltake Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Thermaltake Technology Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024New Risk • Apr 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (NT$3.16b market cap, or US$97.5m).New Risk • Apr 02New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.40 (vs NT$0.43 in FY 2022)Full year 2023 results: EPS: NT$1.40 (up from NT$0.43 in FY 2022). Revenue: NT$4.38b (up 37% from FY 2022). Net income: NT$100.3m (up 227% from FY 2022). Profit margin: 2.3% (up from 1.0% in FY 2022). The increase in margin 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 67 percentage points per year, which is a significant difference in performance.お知らせ • Mar 15Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 17, 2024Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 17, 2024. Location: Meeting Room, 2F, No. 12, Zhouzi St., Neihu Dist. Taipei City Taiwan Agenda: To consider 2023 Financial Business Report; to consider 2023 Audit Committees Report; to consider 2023 Earnings Distribution Report; to consider 2023 Report on the Status of Endorsement and Guarantee; to consider 2023 Report on Distribution of Remuneration to Employees and Directors; to consider adoption of 2023 Business Report and Financial Statements; to consider adoption of 2023 Earnings Distribution Proposal; to consider amendment to the Procedures for Election of Directors of the Company; to consider re-election of directors; and to consider other matters.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$56.80, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 6.4% over the past three years.New Risk • Dec 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.56 (vs NT$0.017 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.56 (up from NT$0.017 in 2Q 2022). Revenue: NT$1.13b (up 53% from 2Q 2022). Net income: NT$39.7m (up NT$38.5m from 2Q 2022). Profit margin: 3.5% (up from 0.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$60.40, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 32% over the past three years.Upcoming Dividend • Jun 22Upcoming dividend of NT$0.30 per share at 0.6% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.9%).Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$52.80, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 192% over the past three years.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$0.43 (vs NT$3.06 in FY 2021)Full year 2022 results: EPS: NT$0.43 (down from NT$3.06 in FY 2021). Revenue: NT$3.19b (down 25% from FY 2021). Net income: NT$30.7m (down 86% from FY 2021). Profit margin: 1.0% (down from 5.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.48 (up from NT$0.12 in 3Q 2021). Revenue: NT$751.4m (down 16% from 3Q 2021). Net income: NT$34.5m (up 300% from 3Q 2021). Profit margin: 4.6% (up from 1.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.93 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.02 (down from NT$0.93 in 2Q 2021). Revenue: NT$738.7m (down 33% from 2Q 2021). Net income: NT$1.22m (down 98% from 2Q 2021). Profit margin: 0.2% (down from 6.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 41%. The fair value is estimated to be NT$27.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 35%.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 3.9% over the past three years.Upcoming Dividend • Jun 27Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 22 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (7.2%).Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$31.50, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 46% over the past three years.お知らせ • Apr 02Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 16, 2022Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 16, 2022.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$3.05 (down from NT$6.42 in FY 2020). Revenue: NT$4.24b (down 19% from FY 2020). Net income: NT$217.2m (down 53% from FY 2020). Profit margin: 5.1% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.12 (vs NT$2.93 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$893.1m (down 46% from 3Q 2020). Net income: NT$8.64m (down 96% from 3Q 2020). Profit margin: 1.0% (down from 13% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% 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 • Oct 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$37.70, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 69% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$2.09 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.10b (down 19% from 2Q 2020). Net income: NT$65.8m (down 52% from 2Q 2020). Profit margin: 6.0% (down from 10.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$64.50, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$2.20 (vs NT$0.23 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.40b (up 45% from 1Q 2020). Net income: NT$141.7m (up NT$126.9m from 1Q 2020). Profit margin: 10% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 28Thermaltake Technology (GTSM:3540) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Apr 13Shareholders Are Loving Thermaltake Technology Co., Ltd.'s (GTSM:3540) 4.3% YieldToday we'll take a closer look at Thermaltake Technology Co., Ltd. ( GTSM:3540 ) from a dividend investor's...Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$7.06 (vs NT$1.28 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.25b (up 30% from FY 2019). Net income: NT$457.0m (up 439% from FY 2019). Profit margin: 8.7% (up from 2.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 11Should You Invest In Thermaltake Technology (GTSM:3540)?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Feb 23New 90-day high: NT$75.30The company is up 6.0% from its price of NT$71.10 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$75.30, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 15x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 135%.分析記事 • Feb 21Are Robust Financials Driving The Recent Rally In Thermaltake Technology Co., Ltd.'s (GTSM:3540) Stock?Thermaltake Technology's (GTSM:3540) stock is up by a considerable 14% over the past month. Since the market usually...分析記事 • Feb 07At NT$64.80, Is It Time To Put Thermaltake Technology Co., Ltd. (GTSM:3540) On Your Watch List?Thermaltake Technology Co., Ltd. ( GTSM:3540 ), is not the largest company out there, but it saw a double-digit share...Is New 90 Day High Low • Jan 29New 90-day low: NT$59.00The company is down 10.0% from its price of NT$65.20 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 15% over the same period.分析記事 • Jan 24Should You Rely On Thermaltake Technology's (GTSM:3540) Earnings Growth?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. Having said that...分析記事 • Jan 10Is Thermaltake Technology (GTSM:3540) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Dec 27Shareholders of Thermaltake Technology (GTSM:3540) Must Be Delighted With Their 501% Total ReturnThermaltake Technology Co., Ltd. ( GTSM:3540 ) shareholders have seen the share price descend 11% over the month. But...Is New 90 Day High Low • Dec 18New 90-day low: NT$63.50The company is down 13% from its price of NT$72.90 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period.分析記事 • Dec 14Does Thermaltake Technology Co., Ltd. (GTSM:3540) Have A Place In Your Dividend Portfolio?Is Thermaltake Technology Co., Ltd. ( GTSM:3540 ) a good dividend stock? How can we tell? Dividend paying companies...分析記事 • Dec 01Will Thermaltake Technology (GTSM:3540) Repeat Its Return Growth Of The Past?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 16%, compared to a 5.5% growth forecast for the Tech industry in Taiwan.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$3.23The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.64b (up 63% from 3Q 2019). Net income: NT$208.7m (up NT$195.7m from 3Q 2019). Profit margin: 13% (up from 1.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.財務状況分析短期負債: 3540の 短期資産 ( NT$5.0B ) が 短期負債 ( NT$3.1B ) を超えています。長期負債: 3540の短期資産 ( NT$5.0B ) が 長期負債 ( NT$891.0M ) 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: 3540の 純負債対資本比率 ( 100.4% ) は 高い と見なされます。負債の削減: 3540の負債対資本比率は、過去 5 年間で50.5%から142.8%に増加しました。債務返済能力: 3540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: 3540の負債に対する 利息支払い は EBIT ( 1.7 x coverage) によって 十分にカバーされていません。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2026/06/17 21:43終値2026/06/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Thermaltake Technology Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関David LeeSinoPac Securities Investment ServiceJianfa WeiYuanta Research
分析記事 • Apr 28Thermaltake Technology (GTSM:3540) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jan 10Is Thermaltake Technology (GTSM:3540) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.15 (vs NT$0.60 in 1Q 2025)First quarter 2026 results: EPS: NT$0.15 (down from NT$0.60 in 1Q 2025). Revenue: NT$1.27b (down 3.8% from 1Q 2025). Net income: NT$10.9m (down 75% from 1Q 2025). Profit margin: 0.9% (down from 3.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.74 (vs NT$1.35 loss in FY 2024)Full year 2025 results: EPS: NT$0.74 (up from NT$1.35 loss in FY 2024). Revenue: NT$5.14b (up 29% from FY 2024). Net income: NT$53.8m (up NT$151.4m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). 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 64 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$0.45 (vs NT$1.11 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.45 (up from NT$1.11 loss in 3Q 2024). Revenue: NT$1.21b (up 43% from 3Q 2024). Net income: NT$32.4m (up NT$112.7m from 3Q 2024). Profit margin: 2.7% (up from net loss in 3Q 2024). 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 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.021 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.021 profit in 2Q 2024). Revenue: NT$1.28b (up 31% from 2Q 2024). Net loss: NT$41.7m (down NT$43.2m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
New Risk • May 14New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 369% Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (NT$2.41b market cap, or US$79.6m).
Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.093 in 1Q 2024)First quarter 2025 results: EPS: NT$0.60 (up from NT$0.093 in 1Q 2024). Revenue: NT$1.32b (up 22% from 1Q 2024). Net income: NT$43.3m (up NT$36.6m from 1Q 2024). Profit margin: 3.3% (up from 0.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Apr 30Thermaltake Technology Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Thermaltake Technology Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.18b market cap, or US$66.0m).
Reported Earnings • Mar 21Full year 2024 earnings released: NT$1.35 loss per share (vs NT$1.40 profit in FY 2023)Full year 2024 results: NT$1.35 loss per share (down from NT$1.40 profit in FY 2023). Revenue: NT$3.98b (down 9.1% from FY 2023). Net loss: NT$97.7m (down 197% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 14Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 10, 2025Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan
お知らせ • Mar 06Thermaltake Technology Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025Thermaltake Technology Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025
Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.11 loss per share (vs NT$0.45 profit in 3Q 2023)Third quarter 2024 results: NT$1.11 loss per share (down from NT$0.45 profit in 3Q 2023). Revenue: NT$846.2m (down 22% from 3Q 2023). Net loss: NT$80.3m (down 350% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 29Thermaltake Technology Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Thermaltake Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.56 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.02 (down from NT$0.56 in 2Q 2023). Revenue: NT$977.8m (down 14% from 2Q 2023). Net income: NT$1.51m (down 96% from 2Q 2023). Profit margin: 0.2% (down from 3.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$33.05, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total loss to shareholders of 23% over the past three years.
お知らせ • Jul 31Thermaltake Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Thermaltake Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
New Risk • Jul 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$3.26b market cap, or US$99.7m).
Declared Dividend • Jun 19Dividend increased to NT$0.90Dividend of NT$0.90 is 201% higher than last year. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% 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 increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.0% to bring the payout ratio under control. However, EPS has declined by 8.0% over the last 5 years so the company would need to reverse this trend.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$46.00, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total loss to shareholders of 18% over the past three years.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.09 (vs NT$0.50 in 1Q 2023)First quarter 2024 results: EPS: NT$0.09 (down from NT$0.50 in 1Q 2023). Revenue: NT$1.09b (flat on 1Q 2023). Net income: NT$6.73m (down 81% from 1Q 2023). Profit margin: 0.6% (down from 3.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • May 02Thermaltake Technology Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Thermaltake Technology Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024
New Risk • Apr 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (NT$3.16b market cap, or US$97.5m).
New Risk • Apr 02New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.40 (vs NT$0.43 in FY 2022)Full year 2023 results: EPS: NT$1.40 (up from NT$0.43 in FY 2022). Revenue: NT$4.38b (up 37% from FY 2022). Net income: NT$100.3m (up 227% from FY 2022). Profit margin: 2.3% (up from 1.0% in FY 2022). The increase in margin 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 67 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 15Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 17, 2024Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 17, 2024. Location: Meeting Room, 2F, No. 12, Zhouzi St., Neihu Dist. Taipei City Taiwan Agenda: To consider 2023 Financial Business Report; to consider 2023 Audit Committees Report; to consider 2023 Earnings Distribution Report; to consider 2023 Report on the Status of Endorsement and Guarantee; to consider 2023 Report on Distribution of Remuneration to Employees and Directors; to consider adoption of 2023 Business Report and Financial Statements; to consider adoption of 2023 Earnings Distribution Proposal; to consider amendment to the Procedures for Election of Directors of the Company; to consider re-election of directors; and to consider other matters.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$56.80, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 6.4% over the past three years.
New Risk • Dec 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.56 (vs NT$0.017 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.56 (up from NT$0.017 in 2Q 2022). Revenue: NT$1.13b (up 53% from 2Q 2022). Net income: NT$39.7m (up NT$38.5m from 2Q 2022). Profit margin: 3.5% (up from 0.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$60.40, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 32% over the past three years.
Upcoming Dividend • Jun 22Upcoming dividend of NT$0.30 per share at 0.6% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.9%).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$52.80, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 192% over the past three years.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$0.43 (vs NT$3.06 in FY 2021)Full year 2022 results: EPS: NT$0.43 (down from NT$3.06 in FY 2021). Revenue: NT$3.19b (down 25% from FY 2021). Net income: NT$30.7m (down 86% from FY 2021). Profit margin: 1.0% (down from 5.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.12 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.48 (up from NT$0.12 in 3Q 2021). Revenue: NT$751.4m (down 16% from 3Q 2021). Net income: NT$34.5m (up 300% from 3Q 2021). Profit margin: 4.6% (up from 1.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.93 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.02 (down from NT$0.93 in 2Q 2021). Revenue: NT$738.7m (down 33% from 2Q 2021). Net income: NT$1.22m (down 98% from 2Q 2021). Profit margin: 0.2% (down from 6.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 41%. The fair value is estimated to be NT$27.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 35%.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$23.90, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 3.9% over the past three years.
Upcoming Dividend • Jun 27Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 22 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (7.2%).
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$31.50, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 46% over the past three years.
お知らせ • Apr 02Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 16, 2022Thermaltake Technology Co., Ltd., Annual General Meeting, Jun 16, 2022.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: NT$3.05 (down from NT$6.42 in FY 2020). Revenue: NT$4.24b (down 19% from FY 2020). Net income: NT$217.2m (down 53% from FY 2020). Profit margin: 5.1% (down from 8.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.12 (vs NT$2.93 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$893.1m (down 46% from 3Q 2020). Net income: NT$8.64m (down 96% from 3Q 2020). Profit margin: 1.0% (down from 13% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% 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 • Oct 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$37.70, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 69% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$2.09 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.10b (down 19% from 2Q 2020). Net income: NT$65.8m (down 52% from 2Q 2020). Profit margin: 6.0% (down from 10.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$64.50, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.
Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$2.20 (vs NT$0.23 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.40b (up 45% from 1Q 2020). Net income: NT$141.7m (up NT$126.9m from 1Q 2020). Profit margin: 10% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 28Thermaltake Technology (GTSM:3540) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Apr 13Shareholders Are Loving Thermaltake Technology Co., Ltd.'s (GTSM:3540) 4.3% YieldToday we'll take a closer look at Thermaltake Technology Co., Ltd. ( GTSM:3540 ) from a dividend investor's...
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$7.06 (vs NT$1.28 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.25b (up 30% from FY 2019). Net income: NT$457.0m (up 439% from FY 2019). Profit margin: 8.7% (up from 2.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 11Should You Invest In Thermaltake Technology (GTSM:3540)?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Feb 23New 90-day high: NT$75.30The company is up 6.0% from its price of NT$71.10 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$75.30, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 15x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 135%.
分析記事 • Feb 21Are Robust Financials Driving The Recent Rally In Thermaltake Technology Co., Ltd.'s (GTSM:3540) Stock?Thermaltake Technology's (GTSM:3540) stock is up by a considerable 14% over the past month. Since the market usually...
分析記事 • Feb 07At NT$64.80, Is It Time To Put Thermaltake Technology Co., Ltd. (GTSM:3540) On Your Watch List?Thermaltake Technology Co., Ltd. ( GTSM:3540 ), is not the largest company out there, but it saw a double-digit share...
Is New 90 Day High Low • Jan 29New 90-day low: NT$59.00The company is down 10.0% from its price of NT$65.20 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 15% over the same period.
分析記事 • Jan 24Should You Rely On Thermaltake Technology's (GTSM:3540) Earnings Growth?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. Having said that...
分析記事 • Jan 10Is Thermaltake Technology (GTSM:3540) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Dec 27Shareholders of Thermaltake Technology (GTSM:3540) Must Be Delighted With Their 501% Total ReturnThermaltake Technology Co., Ltd. ( GTSM:3540 ) shareholders have seen the share price descend 11% over the month. But...
Is New 90 Day High Low • Dec 18New 90-day low: NT$63.50The company is down 13% from its price of NT$72.90 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period.
分析記事 • Dec 14Does Thermaltake Technology Co., Ltd. (GTSM:3540) Have A Place In Your Dividend Portfolio?Is Thermaltake Technology Co., Ltd. ( GTSM:3540 ) a good dividend stock? How can we tell? Dividend paying companies...
分析記事 • Dec 01Will Thermaltake Technology (GTSM:3540) Repeat Its Return Growth Of The Past?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 16%, compared to a 5.5% growth forecast for the Tech industry in Taiwan.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$3.23The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.64b (up 63% from 3Q 2019). Net income: NT$208.7m (up NT$195.7m from 3Q 2019). Profit margin: 13% (up from 1.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.