Avertronics（3597）株式概要アバトロニクス社は、台湾および海外でコネクターおよびワイヤーハーネスの設計・製造を行っています。 詳細3597 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金1/6リスク分析過去5年間で収益は年間26.7%減少しました。 1.51%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 負債は営業キャッシュフローで十分にカバーされていない 高いレベルの非現金収入 +2 さらなるリスクすべてのリスクチェックを見る3597 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$26.50118.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01b2016201920222025202620282031Revenue NT$582.7mEarnings NT$6.4mAdvancedSet Fair ValueView all narrativesAvertronics Inc. 競合他社Y-S ElectronicSymbol: TPEX:6418Market cap: NT$1.0bTai Shing Electronics ComponentsSymbol: TPEX:3426Market cap: NT$1.3bADO OptronicsSymbol: TPEX:3516Market cap: NT$1.4bHEP TechSymbol: TPEX:3609Market cap: NT$1.1b価格と性能株価の高値、安値、推移の概要Avertronics過去の株価現在の株価NT$26.4052週高値NT$34.4552週安値NT$22.40ベータ0.241ヶ月の変化6.88%3ヶ月変化5.18%1年変化-2.22%3年間の変化1.73%5年間の変化-2.58%IPOからの変化19.94%最新ニュースReported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.084 (vs NT$0.18 in 1Q 2025)First quarter 2026 results: EPS: NT$0.084 (down from NT$0.18 in 1Q 2025). Revenue: NT$198.2m (down 1.8% from 1Q 2025). Net income: NT$3.26m (down 54% from 1Q 2025). Profit margin: 1.6% (down from 3.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.最新情報をもっと見るRecent updatesReported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.084 (vs NT$0.18 in 1Q 2025)First quarter 2026 results: EPS: NT$0.084 (down from NT$0.18 in 1Q 2025). Revenue: NT$198.2m (down 1.8% from 1Q 2025). Net income: NT$3.26m (down 54% from 1Q 2025). Profit margin: 1.6% (down from 3.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$29.55, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.New Risk • Jul 11New 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 6.7% 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 6.2% 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 (6.7% average weekly change). Market cap is less than US$100m (NT$967.5m market cap, or US$33.1m).Upcoming Dividend • Jun 12Upcoming dividend of NT$0.85 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.3%).Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$26.35, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years.New Risk • Apr 01New 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: 2.6% 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 Risk Earnings have declined by 4.8% 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 (7.3% average weekly change). Market cap is less than US$100m (NT$1.26b market cap, or US$37.9m).Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Mar 13Avertronics Inc., Annual General Meeting, May 26, 2025Avertronics Inc., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city TaiwanValuation Update With 7 Day Price Move • Dec 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$39.45, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (down from NT$0.34 in 2Q 2023). Revenue: NT$157.7m (down 2.3% from 2Q 2023). Net income: NT$6.58m (down 50% from 2Q 2023). Profit margin: 4.2% (down from 8.2% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.Upcoming Dividend • Jul 04Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.019 in 1Q 2023)First quarter 2024 results: EPS: NT$0.18 (up from NT$0.019 in 1Q 2023). Revenue: NT$134.2m (down 22% from 1Q 2023). Net income: NT$6.89m (up NT$6.17m from 1Q 2023). Profit margin: 5.1% (up from 0.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 15Avertronics Inc., Annual General Meeting, May 27, 2024Avertronics Inc., Annual General Meeting, May 27, 2024.Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.25 (vs NT$2.06 in FY 2022)Full year 2023 results: EPS: NT$0.25 (down from NT$2.06 in FY 2022). Revenue: NT$611.2m (down 42% from FY 2022). Net income: NT$9.74m (down 88% from FY 2022). Profit margin: 1.6% (down from 7.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.New Risk • Feb 02New 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 5.9% 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 Dividend is not well covered by earnings (228% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$988.7m market cap, or US$31.7m).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$0.16 (vs NT$1.12 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.16 (down from NT$1.12 in 3Q 2022). Revenue: NT$148.9m (down 54% from 3Q 2022). Net income: NT$6.29m (down 86% from 3Q 2022). Profit margin: 4.2% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.55 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.55 in 2Q 2022). Revenue: NT$161.4m (down 36% from 2Q 2022). Net income: NT$13.2m (down 39% from 2Q 2022). Profit margin: 8.2% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 26Upcoming dividend of NT$1.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 21 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$2.06 (vs NT$2.10 in FY 2021)Full year 2022 results: EPS: NT$2.06. Revenue: NT$1.05b (down 1.7% from FY 2021). Net income: NT$80.4m (up 4.8% from FY 2021). Profit margin: 7.7% (up from 7.2% in FY 2021). The increase in margin was driven by lower expenses.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.55. Revenue: NT$253.2m (down 7.6% from 2Q 2021). Net income: NT$21.5m (up 8.7% from 2Q 2021). Profit margin: 8.5% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses.Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$28.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%.Upcoming Dividend • Jul 07Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.39 in 1Q 2021)First quarter 2022 results: EPS: NT$0.17 (down from NT$0.39 in 1Q 2021). Revenue: NT$234.0m (down 4.4% from 1Q 2021). Net income: NT$6.45m (down 53% from 1Q 2021). Profit margin: 2.8% (down from 5.6% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$32.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.51 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$269.7m (up 15% from 3Q 2020). Net income: NT$24.5m (up 39% from 3Q 2020). Profit margin: 9.1% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$273.9m (up 43% from 2Q 2020). Net income: NT$19.8m (up 61% from 2Q 2020). Profit margin: 7.2% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 13 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.077 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$244.8m (up 69% from 1Q 2020). Net income: NT$13.8m (up 468% from 1Q 2020). Profit margin: 5.6% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$25.90, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past year.分析記事 • Apr 22Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$37.55, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 162% over the past year.Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.28 (vs NT$1.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$830.3m (up 6.7% from FY 2019). Net income: NT$43.5m (up 36% from FY 2019). Profit margin: 5.2% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue.分析記事 • Mar 11Would Avertronics Inc. (GTSM:3597) Be Valuable To Income Investors?Today we'll take a closer look at Avertronics Inc. ( GTSM:3597 ) from a dividend investor's perspective. Owning a...お知らせ • Mar 11Avertronics Inc., Annual General Meeting, May 25, 2021Avertronics Inc., Annual General Meeting, May 25, 2021.Is New 90 Day High Low • Feb 20New 90-day high: NT$32.60The company is up 63% from its price of NT$19.95 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.分析記事 • Feb 18We Like These Underlying Trends At Avertronics (GTSM:3597)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Is New 90 Day High Low • Feb 03New 90-day high: NT$29.40The company is up 55% from its price of NT$19.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.分析記事 • Jan 31Are Avertronics's (GTSM:3597) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$28.35, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 151%.分析記事 • Jan 12Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$24.20, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 114%.Is New 90 Day High Low • Jan 08New 90-day high: NT$22.00The company is up 13% from its price of NT$19.45 on 08 October 2020. The Taiwanese market is up 17% 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 • Dec 25Are Avertronics Inc.'s (GTSM:3597) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?With its stock down 2.0% over the past month, it is easy to disregard Avertronics (GTSM:3597). We, however decided to...分析記事 • Dec 07Should You Buy Avertronics Inc. (GTSM:3597) For Its Dividend?Could Avertronics Inc. ( GTSM:3597 ) be an attractive dividend share to own for the long haul? Investors are often...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$234.5m (up 18% from 3Q 2019). Net income: NT$17.6m (up 148% from 3Q 2019). Profit margin: 7.5% (up from 3.6% 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 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.株主還元3597TW ElectronicTW 市場7D-6.4%-0.4%-0.9%1Y-2.2%174.5%88.1%株主還元を見る業界別リターン: 3597過去 1 年間で174.5 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 3597は、過去 1 年間で88.1 % のリターンを上げたTW市場を下回りました。価格変動Is 3597's price volatile compared to industry and market?3597 volatility3597 Average Weekly Movement5.7%Electronic Industry Average Movement8.4%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 3597 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3597の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1986n/aAustin Laiwww.avertronics.comアバトロニクスは、コネクタとワイヤーハーネスの設計と製造を台湾および海外で行っている。ODM/OBMの防水コネクターとワイヤーハーネスアッシー、自動車用ワイヤーハーネスアッシー、エージェント製品、UPSとTPS電源コードセット、クリーンPEバッグ、スピニングバイク、トレッドミル、スポーツ用品などを提供している。アバトロニクスは1986年に設立され、台湾の台中に本社を置いている。もっと見るAvertronics Inc. 基礎のまとめAvertronics の収益と売上を時価総額と比較するとどうか。3597 基礎統計学時価総額NT$1.05b収益（TTM）NT$9.47m売上高(TTM)NT$856.91m108.7xPER（株価収益率1.2xP/Sレシオ3597 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3597 損益計算書（TTM）収益NT$856.91m売上原価NT$653.82m売上総利益NT$203.09mその他の費用NT$193.62m収益NT$9.47m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.24グロス・マージン23.70%純利益率1.11%有利子負債／自己資本比率123.6%3597 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.5%現在の配当利回り165%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/18 14:08終値2026/05/18 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Avertronics Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.084 (vs NT$0.18 in 1Q 2025)First quarter 2026 results: EPS: NT$0.084 (down from NT$0.18 in 1Q 2025). Revenue: NT$198.2m (down 1.8% from 1Q 2025). Net income: NT$3.26m (down 54% from 1Q 2025). Profit margin: 1.6% (down from 3.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: NT$0.084 (vs NT$0.18 in 1Q 2025)First quarter 2026 results: EPS: NT$0.084 (down from NT$0.18 in 1Q 2025). Revenue: NT$198.2m (down 1.8% from 1Q 2025). Net income: NT$3.26m (down 54% from 1Q 2025). Profit margin: 1.6% (down from 3.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$29.55, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.
New Risk • Jul 11New 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 6.7% 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 6.2% 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 (6.7% average weekly change). Market cap is less than US$100m (NT$967.5m market cap, or US$33.1m).
Upcoming Dividend • Jun 12Upcoming dividend of NT$0.85 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.3%).
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$26.35, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years.
New Risk • Apr 01New 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: 2.6% 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 Risk Earnings have declined by 4.8% 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 (7.3% average weekly change). Market cap is less than US$100m (NT$1.26b market cap, or US$37.9m).
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Mar 13Avertronics Inc., Annual General Meeting, May 26, 2025Avertronics Inc., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city Taiwan
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$39.45, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (down from NT$0.34 in 2Q 2023). Revenue: NT$157.7m (down 2.3% from 2Q 2023). Net income: NT$6.58m (down 50% from 2Q 2023). Profit margin: 4.2% (down from 8.2% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% 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.
Upcoming Dividend • Jul 04Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.019 in 1Q 2023)First quarter 2024 results: EPS: NT$0.18 (up from NT$0.019 in 1Q 2023). Revenue: NT$134.2m (down 22% from 1Q 2023). Net income: NT$6.89m (up NT$6.17m from 1Q 2023). Profit margin: 5.1% (up from 0.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 15Avertronics Inc., Annual General Meeting, May 27, 2024Avertronics Inc., Annual General Meeting, May 27, 2024.
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.25 (vs NT$2.06 in FY 2022)Full year 2023 results: EPS: NT$0.25 (down from NT$2.06 in FY 2022). Revenue: NT$611.2m (down 42% from FY 2022). Net income: NT$9.74m (down 88% from FY 2022). Profit margin: 1.6% (down from 7.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
New Risk • Feb 02New 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 5.9% 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 Dividend is not well covered by earnings (228% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$988.7m market cap, or US$31.7m).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$0.16 (vs NT$1.12 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.16 (down from NT$1.12 in 3Q 2022). Revenue: NT$148.9m (down 54% from 3Q 2022). Net income: NT$6.29m (down 86% from 3Q 2022). Profit margin: 4.2% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.55 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.55 in 2Q 2022). Revenue: NT$161.4m (down 36% from 2Q 2022). Net income: NT$13.2m (down 39% from 2Q 2022). Profit margin: 8.2% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 26Upcoming dividend of NT$1.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 21 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$2.06 (vs NT$2.10 in FY 2021)Full year 2022 results: EPS: NT$2.06. Revenue: NT$1.05b (down 1.7% from FY 2021). Net income: NT$80.4m (up 4.8% from FY 2021). Profit margin: 7.7% (up from 7.2% in FY 2021). The increase in margin was driven by lower expenses.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.55. Revenue: NT$253.2m (down 7.6% from 2Q 2021). Net income: NT$21.5m (up 8.7% from 2Q 2021). Profit margin: 8.5% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses.
Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$28.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%.
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.39 in 1Q 2021)First quarter 2022 results: EPS: NT$0.17 (down from NT$0.39 in 1Q 2021). Revenue: NT$234.0m (down 4.4% from 1Q 2021). Net income: NT$6.45m (down 53% from 1Q 2021). Profit margin: 2.8% (down from 5.6% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$32.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.51 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$269.7m (up 15% from 3Q 2020). Net income: NT$24.5m (up 39% from 3Q 2020). Profit margin: 9.1% (up from 7.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$273.9m (up 43% from 2Q 2020). Net income: NT$19.8m (up 61% from 2Q 2020). Profit margin: 7.2% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 13 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).
Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.077 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$244.8m (up 69% from 1Q 2020). Net income: NT$13.8m (up 468% from 1Q 2020). Profit margin: 5.6% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$25.90, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past year.
分析記事 • Apr 22Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$37.55, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 162% over the past year.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.28 (vs NT$1.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$830.3m (up 6.7% from FY 2019). Net income: NT$43.5m (up 36% from FY 2019). Profit margin: 5.2% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue.
分析記事 • Mar 11Would Avertronics Inc. (GTSM:3597) Be Valuable To Income Investors?Today we'll take a closer look at Avertronics Inc. ( GTSM:3597 ) from a dividend investor's perspective. Owning a...
お知らせ • Mar 11Avertronics Inc., Annual General Meeting, May 25, 2021Avertronics Inc., Annual General Meeting, May 25, 2021.
Is New 90 Day High Low • Feb 20New 90-day high: NT$32.60The company is up 63% from its price of NT$19.95 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.
分析記事 • Feb 18We Like These Underlying Trends At Avertronics (GTSM:3597)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Is New 90 Day High Low • Feb 03New 90-day high: NT$29.40The company is up 55% from its price of NT$19.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.
分析記事 • Jan 31Are Avertronics's (GTSM:3597) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$28.35, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 151%.
分析記事 • Jan 12Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$24.20, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 114%.
Is New 90 Day High Low • Jan 08New 90-day high: NT$22.00The company is up 13% from its price of NT$19.45 on 08 October 2020. The Taiwanese market is up 17% 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 • Dec 25Are Avertronics Inc.'s (GTSM:3597) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?With its stock down 2.0% over the past month, it is easy to disregard Avertronics (GTSM:3597). We, however decided to...
分析記事 • Dec 07Should You Buy Avertronics Inc. (GTSM:3597) For Its Dividend?Could Avertronics Inc. ( GTSM:3597 ) be an attractive dividend share to own for the long haul? Investors are often...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$234.5m (up 18% from 3Q 2019). Net income: NT$17.6m (up 148% from 3Q 2019). Profit margin: 7.5% (up from 3.6% 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 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
