View Future GrowthGodex International 過去の業績過去 基準チェック /26Godex Internationalは、平均年間9.3%の収益成長を遂げていますが、 Electronic業界の収益は、年間 成長しています。収益は、平均年間0.8% 2.8%収益成長率で 成長しています。 Godex Internationalの自己資本利益率は17.1%であり、純利益率は14.3%です。主要情報9.32%収益成長率9.32%EPS成長率Electronic 業界の成長14.81%収益成長率2.79%株主資本利益率17.12%ネット・マージン14.29%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$6.36 (vs NT$6.49 in FY 2024)Full year 2025 results: EPS: NT$6.36 (down from NT$6.49 in FY 2024). Revenue: NT$1.34b (up 3.9% from FY 2024). Net income: NT$202.7m (down 2.0% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.79 (vs NT$1.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.79 (down from NT$1.93 in 3Q 2024). Revenue: NT$315.6m (down 4.0% from 3Q 2024). Net income: NT$56.9m (down 7.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.93 (down from NT$1.91 in 2Q 2024). Revenue: NT$359.9m (up 8.2% from 2Q 2024). Net income: NT$29.5m (down 52% from 2Q 2024). Profit margin: 8.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.65 (vs NT$0.92 in 1Q 2024)First quarter 2025 results: EPS: NT$1.65 (up from NT$0.92 in 1Q 2024). Revenue: NT$281.9m (up 11% from 1Q 2024). Net income: NT$52.6m (up 79% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). 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 14% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$6.49 (vs NT$4.54 in FY 2023)Full year 2024 results: EPS: NT$6.49 (up from NT$4.54 in FY 2023). Revenue: NT$1.29b (up 13% from FY 2023). Net income: NT$206.9m (up 43% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.93 (up from NT$1.37 in 3Q 2023). Revenue: NT$328.9m (up 16% from 3Q 2023). Net income: NT$61.4m (up 40% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesReported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$6.36 (vs NT$6.49 in FY 2024)Full year 2025 results: EPS: NT$6.36 (down from NT$6.49 in FY 2024). Revenue: NT$1.34b (up 3.9% from FY 2024). Net income: NT$202.7m (down 2.0% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.お知らせ • Mar 13Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.79 (vs NT$1.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.79 (down from NT$1.93 in 3Q 2024). Revenue: NT$315.6m (down 4.0% from 3Q 2024). Net income: NT$56.9m (down 7.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.93 (down from NT$1.91 in 2Q 2024). Revenue: NT$359.9m (up 8.2% from 2Q 2024). Net income: NT$29.5m (down 52% from 2Q 2024). Profit margin: 8.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Jul 16Upcoming dividend of NT$5.20 per shareEligible shareholders must have bought the stock before 23 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.65 (vs NT$0.92 in 1Q 2024)First quarter 2025 results: EPS: NT$1.65 (up from NT$0.92 in 1Q 2024). Revenue: NT$281.9m (up 11% from 1Q 2024). Net income: NT$52.6m (up 79% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). 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 14% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$67.70, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$6.49 (vs NT$4.54 in FY 2023)Full year 2024 results: EPS: NT$6.49 (up from NT$4.54 in FY 2023). Revenue: NT$1.29b (up 13% from FY 2023). Net income: NT$206.9m (up 43% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city TaiwanNew Risk • Nov 18New 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.82b market cap, or US$86.8m).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.93 (up from NT$1.37 in 3Q 2023). Revenue: NT$328.9m (up 16% from 3Q 2023). Net income: NT$61.4m (up 40% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.00, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years.Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 99% over the past three years.Buy Or Sell Opportunity • Aug 28Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$73.20. The fair value is estimated to be NT$58.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.4%.Upcoming Dividend • Aug 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$1.91 (vs NT$0.94 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.91 (up from NT$0.94 in 2Q 2023). Revenue: NT$332.7m (up 14% from 2Q 2023). Net income: NT$60.9m (up 104% from 2Q 2023). Profit margin: 18% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.92 (vs NT$1.06 in 1Q 2023)First quarter 2024 results: EPS: NT$0.92 (down from NT$1.06 in 1Q 2023). Revenue: NT$253.8m (down 6.1% from 1Q 2023). Net income: NT$29.4m (down 13% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$4.54 (vs NT$5.95 in FY 2022)Full year 2023 results: EPS: NT$4.54 (down from NT$5.95 in FY 2022). Revenue: NT$1.15b (down 11% from FY 2022). Net income: NT$144.7m (down 24% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.お知らせ • Mar 15Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024. Location: No. 63-4, Sec. 3, Heping E. Rd., Daan Dist., Taipei City, Taiwan Taipei City Taiwan Agenda: To approve the 2023 Business Report; to approve the Audit Committee's Review Report on 2023 Financial Statements; to approve the Employees and Directors Compensation for 2023; to approve the 2023 Directors' Remuneration Report; to approve the 2023 Earnings Distribution-Cash Dividend Report; to accept 2023 Business Report and Financial Statements; To accept the proposal for distribution of 2023 earnings;.お知らせ • Feb 03Godex International Co., Ltd. Announces the Appointment of John Niu as Research and Development OfficerGodex International Co. Ltd. announced the appointment of John Niu as research and development officer, February 2, 2024. John Niu is Director of Godex International Co. Ltd. and Deputy Director of Research and development Division.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.94 (vs NT$1.24 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.94 (down from NT$1.24 in 2Q 2022). Revenue: NT$291.1m (down 3.0% from 2Q 2022). Net income: NT$29.8m (down 25% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 03Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 10 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$5.95 (vs NT$4.19 in FY 2021)Full year 2022 results: EPS: NT$5.95 (up from NT$4.19 in FY 2021). Revenue: NT$1.29b (up 6.3% from FY 2021). Net income: NT$189.6m (up 42% from FY 2021). Profit margin: 15% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.67 (vs NT$1.27 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.67 (up from NT$1.27 in 3Q 2021). Revenue: NT$317.2m (up 1.6% from 3Q 2021). Net income: NT$53.3m (up 32% from 3Q 2021). Profit margin: 17% (up from 13% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.37 (vs NT$1.07 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.37 (up from NT$1.07 in 2Q 2021). Revenue: NT$300.2m (flat on 2Q 2021). Net income: NT$39.6m (up 17% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 01Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 08 August 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$1.84 (vs NT$0.91 in 1Q 2021)First quarter 2022 results: EPS: NT$1.84 (up from NT$0.91 in 1Q 2021). Revenue: NT$346.5m (up 27% from 1Q 2021). Net income: NT$53.2m (up 103% from 1Q 2021). Profit margin: 15% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: NT$4.61 (vs NT$3.27 in FY 2020)Full year 2021 results: EPS: NT$4.61 (up from NT$3.27 in FY 2020). Revenue: NT$1.21b (up 23% from FY 2020). Net income: NT$133.5m (up 41% from FY 2020). Profit margin: 11% (up from 9.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Apr 02Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.39 (vs NT$1.37 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$312.2m (up 14% from 3Q 2020). Net income: NT$40.4m (up 2.2% from 3Q 2020). Profit margin: 13% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 10Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 17 September 2021. Payment date: 14 October 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.3%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.35 (vs NT$0.70 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$300.8m (up 39% from 2Q 2020). Net income: NT$34.0m (up 92% from 2Q 2020). Profit margin: 11% (up from 8.2% 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 10% 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.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.37 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$272.8m (up 33% from 1Q 2020). Net income: NT$26.2m (up 182% from 1Q 2020). Profit margin: 9.6% (up from 4.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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.分析記事 • Apr 04We Think You Can Look Beyond Godex International's (GTSM:4987) Lackluster EarningsShareholders appeared unconcerned with Godex International Co., Ltd.'s ( GTSM:4987 ) lackluster earnings report last...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.76 (vs NT$4.80 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$987.8m (down 8.2% from FY 2019). Net income: NT$94.7m (down 21% from FY 2019). Profit margin: 9.6% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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.分析記事 • Mar 23Investors Could Be Concerned With Godex International's (GTSM:4987) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Is New 90 Day High Low • Mar 04New 90-day high: NT$51.10The company is up 4.0% from its price of NT$49.10 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.分析記事 • Mar 02Do Fundamentals Have Any Role To Play In Driving Godex International Co., Ltd.'s (GTSM:4987) Stock Up Recently?Most readers would already know that Godex International's (GTSM:4987) stock increased by 3.7% over the past month. We...分析記事 • Feb 08Looking For Steady Income For Your Dividend Portfolio? Is Godex International Co., Ltd. (GTSM:4987) A Good Fit?Could Godex International Co., Ltd. ( GTSM:4987 ) be an attractive dividend share to own for the long haul? Investors...分析記事 • Jan 11A Look At The Fair Value Of Godex International Co., Ltd. (GTSM:4987)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Godex International...Is New 90 Day High Low • Jan 07New 90-day high: NT$49.70The company is up 6.0% from its price of NT$46.85 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.Is New 90 Day High Low • Dec 10New 90-day high: NT$49.60The company is up 3.0% from its price of NT$48.00 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period.分析記事 • Dec 02How Well Is Godex International (GTSM:4987) Allocating Its Capital?If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.57The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$272.6m (up 7.1% from 3Q 2019). Net income: NT$39.6m (up 40% from 3Q 2019). Profit margin: 14% (up from 11% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.収支内訳Godex International の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:4987 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 261,3761972914631 Dec 251,3422032814530 Sep 251,3341942643930 Jun 251,3471992653931 Mar 251,3202302683831 Dec 241,2922072583430 Sep 241,2171892613530 Jun 241,1731712543631 Mar 241,1311402493731 Dec 231,1481452543930 Sep 231,1691512614530 Jun 231,2021602614331 Mar 231,2111702573931 Dec 221,2871902563830 Sep 221,2891792493530 Jun 221,2841662463231 Mar 221,2841602453131 Dec 211,2111342393030 Sep 211,1801292352930 Jun 211,1401282312931 Mar 211,0551122192831 Dec 20988952182730 Sep 201,0071022162630 Jun 20989902182631 Mar 201,0621062402731 Dec 191,0761192412730 Sep 191,0291202422830 Jun 191,0341212402831 Mar 191,0361372292831 Dec 181,0501382292930 Sep 181,0431302183230 Jun 181,0541352253431 Mar 181,0281282263431 Dec 171,0311242173430 Sep 171,0281302122530 Jun 171,0021202022231 Mar 179861021962331 Dec 169721071902430 Sep 16957961853730 Jun 161,0091451834131 Mar 161,0441641734331 Dec 151,0931721704430 Sep 151,1721971904330 Jun 151,18316919145質の高い収益: 4987は 高品質の収益 を持っています。利益率の向上: 4987の現在の純利益率 (14.3%)は、昨年(17.4%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 4987の収益は過去 5 年間で年間9.3%増加しました。成長の加速: 4987は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 4987は過去 1 年間で収益成長率がマイナス ( -14.6% ) となったため、 Electronic業界平均 ( -3.9% ) と比較することが困難です。株主資本利益率高いROE: 4987の 自己資本利益率 ( 17.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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2026/05/27 10:14終値2026/05/20 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Godex International Co., Ltd 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Yong Hui YangCapital Securities Corporation
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$6.36 (vs NT$6.49 in FY 2024)Full year 2025 results: EPS: NT$6.36 (down from NT$6.49 in FY 2024). Revenue: NT$1.34b (up 3.9% from FY 2024). Net income: NT$202.7m (down 2.0% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.79 (vs NT$1.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.79 (down from NT$1.93 in 3Q 2024). Revenue: NT$315.6m (down 4.0% from 3Q 2024). Net income: NT$56.9m (down 7.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.93 (down from NT$1.91 in 2Q 2024). Revenue: NT$359.9m (up 8.2% from 2Q 2024). Net income: NT$29.5m (down 52% from 2Q 2024). Profit margin: 8.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.65 (vs NT$0.92 in 1Q 2024)First quarter 2025 results: EPS: NT$1.65 (up from NT$0.92 in 1Q 2024). Revenue: NT$281.9m (up 11% from 1Q 2024). Net income: NT$52.6m (up 79% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). 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 14% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$6.49 (vs NT$4.54 in FY 2023)Full year 2024 results: EPS: NT$6.49 (up from NT$4.54 in FY 2023). Revenue: NT$1.29b (up 13% from FY 2023). Net income: NT$206.9m (up 43% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.93 (up from NT$1.37 in 3Q 2023). Revenue: NT$328.9m (up 16% from 3Q 2023). Net income: NT$61.4m (up 40% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$6.36 (vs NT$6.49 in FY 2024)Full year 2025 results: EPS: NT$6.36 (down from NT$6.49 in FY 2024). Revenue: NT$1.34b (up 3.9% from FY 2024). Net income: NT$202.7m (down 2.0% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Mar 13Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026Godex International Co., Ltd, Annual General Meeting, Jun 30, 2026. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.79 (vs NT$1.93 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.79 (down from NT$1.93 in 3Q 2024). Revenue: NT$315.6m (down 4.0% from 3Q 2024). Net income: NT$56.9m (down 7.3% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.93 (vs NT$1.91 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.93 (down from NT$1.91 in 2Q 2024). Revenue: NT$359.9m (up 8.2% from 2Q 2024). Net income: NT$29.5m (down 52% from 2Q 2024). Profit margin: 8.2% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Jul 16Upcoming dividend of NT$5.20 per shareEligible shareholders must have bought the stock before 23 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.0%).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.65 (vs NT$0.92 in 1Q 2024)First quarter 2025 results: EPS: NT$1.65 (up from NT$0.92 in 1Q 2024). Revenue: NT$281.9m (up 11% from 1Q 2024). Net income: NT$52.6m (up 79% from 1Q 2024). Profit margin: 19% (up from 12% in 1Q 2024). 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 14% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$67.70, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Mar 23Full year 2024 earnings released: EPS: NT$6.49 (vs NT$4.54 in FY 2023)Full year 2024 results: EPS: NT$6.49 (up from NT$4.54 in FY 2023). Revenue: NT$1.29b (up 13% from FY 2023). Net income: NT$206.9m (up 43% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025Godex International Co., Ltd, Annual General Meeting, Jun 26, 2025. Location: 4-2 floor no,63, sec.3 huo p`ing e. rd., taipei city Taiwan
New Risk • Nov 18New 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.82b market cap, or US$86.8m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.37 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.93 (up from NT$1.37 in 3Q 2023). Revenue: NT$328.9m (up 16% from 3Q 2023). Net income: NT$61.4m (up 40% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$86.00, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years.
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 99% over the past three years.
Buy Or Sell Opportunity • Aug 28Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$73.20. The fair value is estimated to be NT$58.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.4%.
Upcoming Dividend • Aug 16Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: NT$1.91 (vs NT$0.94 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.91 (up from NT$0.94 in 2Q 2023). Revenue: NT$332.7m (up 14% from 2Q 2023). Net income: NT$60.9m (up 104% from 2Q 2023). Profit margin: 18% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.92 (vs NT$1.06 in 1Q 2023)First quarter 2024 results: EPS: NT$0.92 (down from NT$1.06 in 1Q 2023). Revenue: NT$253.8m (down 6.1% from 1Q 2023). Net income: NT$29.4m (down 13% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$4.54 (vs NT$5.95 in FY 2022)Full year 2023 results: EPS: NT$4.54 (down from NT$5.95 in FY 2022). Revenue: NT$1.15b (down 11% from FY 2022). Net income: NT$144.7m (down 24% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.
お知らせ • Mar 15Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024Godex International Co., Ltd, Annual General Meeting, Jun 20, 2024. Location: No. 63-4, Sec. 3, Heping E. Rd., Daan Dist., Taipei City, Taiwan Taipei City Taiwan Agenda: To approve the 2023 Business Report; to approve the Audit Committee's Review Report on 2023 Financial Statements; to approve the Employees and Directors Compensation for 2023; to approve the 2023 Directors' Remuneration Report; to approve the 2023 Earnings Distribution-Cash Dividend Report; to accept 2023 Business Report and Financial Statements; To accept the proposal for distribution of 2023 earnings;.
お知らせ • Feb 03Godex International Co., Ltd. Announces the Appointment of John Niu as Research and Development OfficerGodex International Co. Ltd. announced the appointment of John Niu as research and development officer, February 2, 2024. John Niu is Director of Godex International Co. Ltd. and Deputy Director of Research and development Division.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.94 (vs NT$1.24 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.94 (down from NT$1.24 in 2Q 2022). Revenue: NT$291.1m (down 3.0% from 2Q 2022). Net income: NT$29.8m (down 25% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 03Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 10 July 2023. Payment date: 02 August 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$5.95 (vs NT$4.19 in FY 2021)Full year 2022 results: EPS: NT$5.95 (up from NT$4.19 in FY 2021). Revenue: NT$1.29b (up 6.3% from FY 2021). Net income: NT$189.6m (up 42% from FY 2021). Profit margin: 15% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.67 (vs NT$1.27 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.67 (up from NT$1.27 in 3Q 2021). Revenue: NT$317.2m (up 1.6% from 3Q 2021). Net income: NT$53.3m (up 32% from 3Q 2021). Profit margin: 17% (up from 13% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$1.37 (vs NT$1.07 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.37 (up from NT$1.07 in 2Q 2021). Revenue: NT$300.2m (flat on 2Q 2021). Net income: NT$39.6m (up 17% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 01Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 08 August 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$1.84 (vs NT$0.91 in 1Q 2021)First quarter 2022 results: EPS: NT$1.84 (up from NT$0.91 in 1Q 2021). Revenue: NT$346.5m (up 27% from 1Q 2021). Net income: NT$53.2m (up 103% from 1Q 2021). Profit margin: 15% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: NT$4.61 (vs NT$3.27 in FY 2020)Full year 2021 results: EPS: NT$4.61 (up from NT$3.27 in FY 2020). Revenue: NT$1.21b (up 23% from FY 2020). Net income: NT$133.5m (up 41% from FY 2020). Profit margin: 11% (up from 9.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Apr 02Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022Godex International Co., Ltd, Annual General Meeting, Jun 22, 2022.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.39 (vs NT$1.37 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$312.2m (up 14% from 3Q 2020). Net income: NT$40.4m (up 2.2% from 3Q 2020). Profit margin: 13% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 10Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 17 September 2021. Payment date: 14 October 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.3%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.35 (vs NT$0.70 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$300.8m (up 39% from 2Q 2020). Net income: NT$34.0m (up 92% from 2Q 2020). Profit margin: 11% (up from 8.2% 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 10% 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.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.37 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$272.8m (up 33% from 1Q 2020). Net income: NT$26.2m (up 182% from 1Q 2020). Profit margin: 9.6% (up from 4.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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.
分析記事 • Apr 04We Think You Can Look Beyond Godex International's (GTSM:4987) Lackluster EarningsShareholders appeared unconcerned with Godex International Co., Ltd.'s ( GTSM:4987 ) lackluster earnings report last...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$3.76 (vs NT$4.80 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$987.8m (down 8.2% from FY 2019). Net income: NT$94.7m (down 21% from FY 2019). Profit margin: 9.6% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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.
分析記事 • Mar 23Investors Could Be Concerned With Godex International's (GTSM:4987) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Is New 90 Day High Low • Mar 04New 90-day high: NT$51.10The company is up 4.0% from its price of NT$49.10 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.
分析記事 • Mar 02Do Fundamentals Have Any Role To Play In Driving Godex International Co., Ltd.'s (GTSM:4987) Stock Up Recently?Most readers would already know that Godex International's (GTSM:4987) stock increased by 3.7% over the past month. We...
分析記事 • Feb 08Looking For Steady Income For Your Dividend Portfolio? Is Godex International Co., Ltd. (GTSM:4987) A Good Fit?Could Godex International Co., Ltd. ( GTSM:4987 ) be an attractive dividend share to own for the long haul? Investors...
分析記事 • Jan 11A Look At The Fair Value Of Godex International Co., Ltd. (GTSM:4987)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Godex International...
Is New 90 Day High Low • Jan 07New 90-day high: NT$49.70The company is up 6.0% from its price of NT$46.85 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.
Is New 90 Day High Low • Dec 10New 90-day high: NT$49.60The company is up 3.0% from its price of NT$48.00 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period.
分析記事 • Dec 02How Well Is Godex International (GTSM:4987) Allocating Its Capital?If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.57The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$272.6m (up 7.1% from 3Q 2019). Net income: NT$39.6m (up 40% from 3Q 2019). Profit margin: 14% (up from 11% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.