View Financial HealthTainet Communication System 配当と自社株買い配当金 基準チェック /26Tainet Communication System配当を支払う会社であり、現在の利回りは1.92%で、収益によって十分にカバーされています。主要情報1.9%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長-2.5%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向56%最近の配当と自社株買いの更新Upcoming Dividend • Aug 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).Declared Dividend • Aug 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 29th August 2024 Payment date: 25th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 21Upcoming dividend of NT$1.20 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (2.8%).Upcoming Dividend • Aug 18Upcoming dividend of NT$1.23 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 21 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (2.7%).Upcoming Dividend • Nov 18Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 10 December 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.0%).Upcoming Dividend • Aug 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).すべての更新を表示Recent updatesReported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.36 in 1Q 2025). Revenue: NT$208.8m (up 39% from 1Q 2025). Net income: NT$51.1m (up 385% from 1Q 2025). Profit margin: 25% (up from 7.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$80.00, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 34x in the Communications industry in Taiwan. Total returns to shareholders of 68% over the past three years.New Risk • Apr 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,743% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% 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 (8.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.27b market cap, or US$70.9m).New Risk • Mar 24New 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 8.1% 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 0.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (NT$2.59b market cap, or US$80.8m).New Risk • Mar 21New major risk - Revenue and earnings growthEarnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.61b market cap, or US$81.7m).Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$73.90, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 53% over the past three years.お知らせ • Mar 13Tainet Communication System Corp., Annual General Meeting, Jun 12, 2026Tainet Communication System Corp., Annual General Meeting, Jun 12, 2026. Location: no,32 ln.226, sec.2 chih shan rd., shihlin district, taipei city TaiwanBoard Change • Feb 24No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$3.32 (vs NT$1.37 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$3.32 (up from NT$1.37 loss in 3Q 2024). Revenue: NT$186.0m (up 19% from 3Q 2024). Net income: NT$97.0m (up NT$137.2m from 3Q 2024). Profit margin: 52% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$1.90 loss per share (vs NT$1.61 profit in 2Q 2024)Second quarter 2025 results: NT$1.90 loss per share (down from NT$1.61 profit in 2Q 2024). Revenue: NT$184.0m (up 29% from 2Q 2024). Net loss: NT$55.5m (down 218% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$1.75 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$1.75 in 1Q 2024). Revenue: NT$150.8m (up 24% from 1Q 2024). Net income: NT$10.5m (down 79% from 1Q 2024). Profit margin: 7.0% (down from 42% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$59.50, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 21% over the past three years.New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (NT$2.09b market cap, or US$63.1m).Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$2.91 (vs NT$5.61 in FY 2023)Full year 2024 results: EPS: NT$2.91 (down from NT$5.61 in FY 2023). Revenue: NT$593.0m (up 417% from FY 2023). Net income: NT$85.1m (down 48% from FY 2023). Profit margin: 14% (down from 143% in FY 2023). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 14Tainet Communication System Corp., Annual General Meeting, Jun 13, 2025Tainet Communication System Corp., Annual General Meeting, Jun 13, 2025. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city TaiwanReported Earnings • Nov 19Third quarter 2024 earnings released: NT$1.37 loss per share (vs NT$1.82 profit in 3Q 2023)Third quarter 2024 results: NT$1.37 loss per share (down from NT$1.82 profit in 3Q 2023). Revenue: NT$156.4m (up 249% from 3Q 2023). Net loss: NT$40.2m (down 176% from profit in 3Q 2023). 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 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$83.00, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 60% over the past three years.New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 45% Last year net profit margin: 140% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (45% net profit margin). Market cap is less than US$100m (NT$2.60b market cap, or US$80.7m).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.61 (vs NT$1.55 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.61 (up from NT$1.55 in 2Q 2023). Revenue: NT$142.8m (up NT$119.5m from 2Q 2023). Net income: NT$47.1m (up 4.3% from 2Q 2023). Profit margin: 33% (down from 194% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Declared Dividend • Aug 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 29th August 2024 Payment date: 25th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Aug 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 350% Dividend yield: 1.8% 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: Minor Risks Dividend is not well covered by cash flows (350% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.43b market cap, or US$74.4m).Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$1.75 (vs NT$2.19 in 1Q 2023)First quarter 2024 results: EPS: NT$1.75 (down from NT$2.19 in 1Q 2023). Revenue: NT$122.0m (up NT$103.9m from 1Q 2023). Net income: NT$51.1m (down 20% from 1Q 2023). Profit margin: 42% (down from 356% in 1Q 2023). 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 21% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$124, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total returns to shareholders of 128% over the past three years.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$109, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 105% over the past three years.Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$5.61 (vs NT$1.49 loss in FY 2022)Full year 2023 results: EPS: NT$5.61 (up from NT$1.49 loss in FY 2022). Net income: NT$164.1m (up NT$208.1m from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Mar 16Tainet Communication System Corp., Annual General Meeting, Jun 21, 2024Tainet Communication System Corp., Annual General Meeting, Jun 21, 2024.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$99.50, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 94% over the past three years.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$86.20, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 71% over the past three years.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.90, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total returns to shareholders of 66% over the past three years.Upcoming Dividend • Aug 21Upcoming dividend of NT$1.20 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (2.8%).New Risk • Aug 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Revenue is less than US$5m (NT$81m revenue, or US$2.5m). Market cap is less than US$100m (NT$2.07b market cap, or US$64.7m).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.54 (vs NT$1.18 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.54 (up from NT$1.18 loss in 2Q 2022). Net income: NT$45.2m (up NT$80.3m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (NT$84m revenue, or US$2.6m). Market cap is less than US$100m (NT$2.15b market cap, or US$67.5m).New Risk • Jul 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 6.1% 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 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (NT$84m revenue, or US$2.7m). Market cap is less than US$100m (NT$2.46b market cap, or US$78.4m).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$69.50, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 31% over the past three years.Reported Earnings • Apr 01Full year 2022 earnings released: NT$1.49 loss per share (vs NT$1.49 profit in FY 2021)Full year 2022 results: NT$1.49 loss per share (down from NT$1.49 profit in FY 2021). Net loss: NT$44.0m (down 192% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Board Change • Feb 20No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 16Third quarter 2022 earnings released: NT$0.27 loss per share (vs NT$0.59 loss in 3Q 2021)Third quarter 2022 results: NT$0.27 loss per share (improved from NT$0.59 loss in 3Q 2021). Net loss: NT$8.03m (loss narrowed 55% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 18Upcoming dividend of NT$1.23 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 21 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (2.7%).Reported Earnings • Aug 17Second quarter 2022 earnings released: NT$1.18 loss per share (vs NT$0.29 loss in 2Q 2021)Second quarter 2022 results: NT$1.18 loss per share (down from NT$0.29 loss in 2Q 2021). Net loss: NT$35.1m (loss widened 298% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • May 06First quarter 2022 earnings released: NT$0.45 loss per share (vs NT$3.38 profit in 1Q 2021)First quarter 2022 results: NT$0.45 loss per share (down from NT$3.38 profit in 1Q 2021). Net loss: NT$13.4m (down 113% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Upcoming Dividend • Nov 18Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 10 December 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.0%).Reported Earnings • Nov 13Third quarter 2021 earnings released: NT$0.55 loss per share (vs NT$1.52 profit in 3Q 2020)Third quarter 2021 results: Net loss: NT$17.8m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).Reported Earnings • Aug 13Second quarter 2021 earnings released: NT$0.27 loss per share (vs NT$3.20 profit in 2Q 2020)Second quarter 2021 results: Net loss: NT$8.82m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$3.11 (vs NT$4.17 loss in 1Q 2020)First quarter 2021 results: Net income: NT$101.4m (up NT$239.4m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% 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.分析記事 • Apr 30Subdued Growth No Barrier To Tainet Communication System Corp.'s (GTSM:4905) PriceTainet Communication System Corp.'s ( GTSM:4905 ) price-to-earnings (or "P/E") ratio of 57.7x might make it look like a...Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$0.93 (vs NT$1.60 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$64.5m (flat on FY 2019). Net income: NT$32.4m (down 39% from FY 2019). Profit margin: 50% (down from 84% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.分析記事 • Mar 26Should You Buy Tainet Communication System Corp. (GTSM:4905) For Its 3.3% Dividend?Is Tainet Communication System Corp. ( GTSM:4905 ) a good dividend stock? How can we tell? Dividend paying companies...分析記事 • Feb 18Tainet Communication System (GTSM:4905) Share Prices Have Dropped 34% In The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...Is New 90 Day High Low • Feb 02New 90-day low: NT$49.55The company is down 3.0% from its price of NT$50.90 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 17% over the same period.Is New 90 Day High Low • Jan 19New 90-day low: NT$50.10The company is down 3.0% from its price of NT$51.91 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 17% over the same period.分析記事 • Jan 14Tainet Communication System (GTSM:4905) Is In A Good Position To Deliver On Growth PlansWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...分析記事 • Dec 10Is Tainet Communication System Corp. (GTSM:4905) At Risk Of Cutting Its Dividend?Today we'll take a closer look at Tainet Communication System Corp. ( GTSM:4905 ) from a dividend investor's...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.37Third quarter 2020 results: Net income: NT$48.9m (up 18% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 03New 90-day low: NT$50.80The company is down 3.0% from its price of NT$52.47 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 5.0% over the same period.Upcoming Dividend • Oct 15Upcoming Dividend of NT$1.01 Per ShareWill be paid on the 6th of November to those who are registered shareholders by the 22nd of October. The trailing yield of 3.2% is below the top quartile of Taiwanese dividend payers (5.5%), but is in line with industry peers (3.1%).Is New 90 Day High Low • Sep 25New 90-day low: NT$46.15The company is down 5.0% from its price of NT$48.50 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period.決済の安定と成長配当データの取得安定した配当: 4905の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 4905の配当金支払額は過去10年間減少しています。配当利回り対市場Tainet Communication System 配当利回り対市場4905 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (4905)1.9%市場下位25% (TW)1.5%市場トップ25% (TW)5.1%業界平均 (Communications)0.9%アナリスト予想 (4905) (最長3年)n/a注目すべき配当: 4905の配当金 ( 1.92% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) よりも高くなっています。高配当: 4905の配当金 ( 1.92% ) はTW市場の配当金支払者の上位 25% ( 5.06% ) と比較すると低いです。株主への利益配当収益カバレッジ: 4905の配当金は、合理的な 配当性向 ( 55.6% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 4905は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 16:44終値2026/05/21 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Tainet Communication System Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Upcoming Dividend • Aug 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).
Declared Dividend • Aug 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 29th August 2024 Payment date: 25th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 21Upcoming dividend of NT$1.20 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (2.8%).
Upcoming Dividend • Aug 18Upcoming dividend of NT$1.23 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 21 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (2.7%).
Upcoming Dividend • Nov 18Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 10 December 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.0%).
Upcoming Dividend • Aug 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.36 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.36 in 1Q 2025). Revenue: NT$208.8m (up 39% from 1Q 2025). Net income: NT$51.1m (up 385% from 1Q 2025). Profit margin: 25% (up from 7.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$80.00, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 34x in the Communications industry in Taiwan. Total returns to shareholders of 68% over the past three years.
New Risk • Apr 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,743% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% 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 (8.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.27b market cap, or US$70.9m).
New Risk • Mar 24New 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 8.1% 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 0.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (NT$2.59b market cap, or US$80.8m).
New Risk • Mar 21New major risk - Revenue and earnings growthEarnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.61b market cap, or US$81.7m).
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$73.90, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 53% over the past three years.
お知らせ • Mar 13Tainet Communication System Corp., Annual General Meeting, Jun 12, 2026Tainet Communication System Corp., Annual General Meeting, Jun 12, 2026. Location: no,32 ln.226, sec.2 chih shan rd., shihlin district, taipei city Taiwan
Board Change • Feb 24No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$3.32 (vs NT$1.37 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$3.32 (up from NT$1.37 loss in 3Q 2024). Revenue: NT$186.0m (up 19% from 3Q 2024). Net income: NT$97.0m (up NT$137.2m from 3Q 2024). Profit margin: 52% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$1.90 loss per share (vs NT$1.61 profit in 2Q 2024)Second quarter 2025 results: NT$1.90 loss per share (down from NT$1.61 profit in 2Q 2024). Revenue: NT$184.0m (up 29% from 2Q 2024). Net loss: NT$55.5m (down 218% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 August 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.1%).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.36 (vs NT$1.75 in 1Q 2024)First quarter 2025 results: EPS: NT$0.36 (down from NT$1.75 in 1Q 2024). Revenue: NT$150.8m (up 24% from 1Q 2024). Net income: NT$10.5m (down 79% from 1Q 2024). Profit margin: 7.0% (down from 42% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$59.50, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 21% over the past three years.
New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (NT$2.09b market cap, or US$63.1m).
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$2.91 (vs NT$5.61 in FY 2023)Full year 2024 results: EPS: NT$2.91 (down from NT$5.61 in FY 2023). Revenue: NT$593.0m (up 417% from FY 2023). Net income: NT$85.1m (down 48% from FY 2023). Profit margin: 14% (down from 143% in FY 2023). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 14Tainet Communication System Corp., Annual General Meeting, Jun 13, 2025Tainet Communication System Corp., Annual General Meeting, Jun 13, 2025. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city Taiwan
Reported Earnings • Nov 19Third quarter 2024 earnings released: NT$1.37 loss per share (vs NT$1.82 profit in 3Q 2023)Third quarter 2024 results: NT$1.37 loss per share (down from NT$1.82 profit in 3Q 2023). Revenue: NT$156.4m (up 249% from 3Q 2023). Net loss: NT$40.2m (down 176% from profit in 3Q 2023). 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 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$83.00, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 60% over the past three years.
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 45% Last year net profit margin: 140% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (45% net profit margin). Market cap is less than US$100m (NT$2.60b market cap, or US$80.7m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.61 (vs NT$1.55 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.61 (up from NT$1.55 in 2Q 2023). Revenue: NT$142.8m (up NT$119.5m from 2Q 2023). Net income: NT$47.1m (up 4.3% from 2Q 2023). Profit margin: 33% (down from 194% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Aug 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 29th August 2024 Payment date: 25th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Aug 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 350% Dividend yield: 1.8% 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: Minor Risks Dividend is not well covered by cash flows (350% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.43b market cap, or US$74.4m).
Reported Earnings • May 20First quarter 2024 earnings released: EPS: NT$1.75 (vs NT$2.19 in 1Q 2023)First quarter 2024 results: EPS: NT$1.75 (down from NT$2.19 in 1Q 2023). Revenue: NT$122.0m (up NT$103.9m from 1Q 2023). Net income: NT$51.1m (down 20% from 1Q 2023). Profit margin: 42% (down from 356% in 1Q 2023). 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 21% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$124, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total returns to shareholders of 128% over the past three years.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$109, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 105% over the past three years.
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$5.61 (vs NT$1.49 loss in FY 2022)Full year 2023 results: EPS: NT$5.61 (up from NT$1.49 loss in FY 2022). Net income: NT$164.1m (up NT$208.1m from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Mar 16Tainet Communication System Corp., Annual General Meeting, Jun 21, 2024Tainet Communication System Corp., Annual General Meeting, Jun 21, 2024.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$99.50, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 94% over the past three years.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$86.20, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 71% over the past three years.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.90, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Upcoming Dividend • Aug 21Upcoming dividend of NT$1.20 per share at 1.7% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (2.8%).
New Risk • Aug 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Revenue is less than US$5m (NT$81m revenue, or US$2.5m). Market cap is less than US$100m (NT$2.07b market cap, or US$64.7m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.54 (vs NT$1.18 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.54 (up from NT$1.18 loss in 2Q 2022). Net income: NT$45.2m (up NT$80.3m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
New Risk • Aug 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (NT$84m revenue, or US$2.6m). Market cap is less than US$100m (NT$2.15b market cap, or US$67.5m).
New Risk • Jul 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 6.1% 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 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (NT$84m revenue, or US$2.7m). Market cap is less than US$100m (NT$2.46b market cap, or US$78.4m).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$69.50, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Reported Earnings • Apr 01Full year 2022 earnings released: NT$1.49 loss per share (vs NT$1.49 profit in FY 2021)Full year 2022 results: NT$1.49 loss per share (down from NT$1.49 profit in FY 2021). Net loss: NT$44.0m (down 192% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Board Change • Feb 20No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 16Third quarter 2022 earnings released: NT$0.27 loss per share (vs NT$0.59 loss in 3Q 2021)Third quarter 2022 results: NT$0.27 loss per share (improved from NT$0.59 loss in 3Q 2021). Net loss: NT$8.03m (loss narrowed 55% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 18Upcoming dividend of NT$1.23 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 21 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (2.7%).
Reported Earnings • Aug 17Second quarter 2022 earnings released: NT$1.18 loss per share (vs NT$0.29 loss in 2Q 2021)Second quarter 2022 results: NT$1.18 loss per share (down from NT$0.29 loss in 2Q 2021). Net loss: NT$35.1m (loss widened 298% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • May 06First quarter 2022 earnings released: NT$0.45 loss per share (vs NT$3.38 profit in 1Q 2021)First quarter 2022 results: NT$0.45 loss per share (down from NT$3.38 profit in 1Q 2021). Net loss: NT$13.4m (down 113% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Fu Ji Deng was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Upcoming Dividend • Nov 18Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 10 December 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.0%).
Reported Earnings • Nov 13Third quarter 2021 earnings released: NT$0.55 loss per share (vs NT$1.52 profit in 3Q 2020)Third quarter 2021 results: Net loss: NT$17.8m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: NT$0.27 loss per share (vs NT$3.20 profit in 2Q 2020)Second quarter 2021 results: Net loss: NT$8.82m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$3.11 (vs NT$4.17 loss in 1Q 2020)First quarter 2021 results: Net income: NT$101.4m (up NT$239.4m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% 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.
分析記事 • Apr 30Subdued Growth No Barrier To Tainet Communication System Corp.'s (GTSM:4905) PriceTainet Communication System Corp.'s ( GTSM:4905 ) price-to-earnings (or "P/E") ratio of 57.7x might make it look like a...
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$0.93 (vs NT$1.60 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$64.5m (flat on FY 2019). Net income: NT$32.4m (down 39% from FY 2019). Profit margin: 50% (down from 84% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 26Should You Buy Tainet Communication System Corp. (GTSM:4905) For Its 3.3% Dividend?Is Tainet Communication System Corp. ( GTSM:4905 ) a good dividend stock? How can we tell? Dividend paying companies...
分析記事 • Feb 18Tainet Communication System (GTSM:4905) Share Prices Have Dropped 34% In The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...
Is New 90 Day High Low • Feb 02New 90-day low: NT$49.55The company is down 3.0% from its price of NT$50.90 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 17% over the same period.
Is New 90 Day High Low • Jan 19New 90-day low: NT$50.10The company is down 3.0% from its price of NT$51.91 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 17% over the same period.
分析記事 • Jan 14Tainet Communication System (GTSM:4905) Is In A Good Position To Deliver On Growth PlansWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
分析記事 • Dec 10Is Tainet Communication System Corp. (GTSM:4905) At Risk Of Cutting Its Dividend?Today we'll take a closer look at Tainet Communication System Corp. ( GTSM:4905 ) from a dividend investor's...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.37Third quarter 2020 results: Net income: NT$48.9m (up 18% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 03New 90-day low: NT$50.80The company is down 3.0% from its price of NT$52.47 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 5.0% over the same period.
Upcoming Dividend • Oct 15Upcoming Dividend of NT$1.01 Per ShareWill be paid on the 6th of November to those who are registered shareholders by the 22nd of October. The trailing yield of 3.2% is below the top quartile of Taiwanese dividend payers (5.5%), but is in line with industry peers (3.1%).
Is New 90 Day High Low • Sep 25New 90-day low: NT$46.15The company is down 5.0% from its price of NT$48.50 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period.