View Past PerformanceCoretronic バランスシートの健全性財務の健全性 基準チェック /36Coretronicの総株主資本はNT$28.3B 、総負債はNT$14.7Bで、負債比率は51.8%となります。総資産と総負債はそれぞれNT$58.1BとNT$29.8Bです。主要情報51.77%負債資本比率NT$14.65b負債インタレスト・カバレッジ・レシオn/a現金NT$14.33bエクイティNT$28.30b負債合計NT$29.79b総資産NT$58.09b財務の健全性に関する最新情報分析記事 • Feb 04Is Coretronic (GTSM:5371) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesUpcoming Dividend • 1hUpcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 10 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.2%).Reported Earnings • Apr 30First quarter 2026 earnings released: NT$0.30 loss per share (vs NT$0.049 profit in 1Q 2025)First quarter 2026 results: NT$0.30 loss per share (down from NT$0.049 profit in 1Q 2025). Revenue: NT$9.36b (up 11% from 1Q 2025). Net loss: NT$119.2m (down NT$138.4m from profit in 1Q 2025). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% 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.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$67.50, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1.4% over the past three years.New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 322% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).お知らせ • Mar 17Coretronic Corporation, Annual General Meeting, Jun 12, 2026Coretronic Corporation, Annual General Meeting, Jun 12, 2026. Location: no,2, k`o pei 5th rd., jhunan township, miaoli county TaiwanReported Earnings • Feb 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.10 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.10 in FY 2024). Revenue: NT$39.6b (flat on FY 2024). Net income: NT$371.9m (down 55% from FY 2024). Profit margin: 0.9% (down from 2.1% in FY 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Price Target Changed • Nov 04Price target increased by 28% to NT$118Up from NT$92.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of NT$95.20. Stock is up 39% over the past year. The company posted earnings per share of NT$2.10 last year.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.24 (down from NT$0.52 in 3Q 2024). Revenue: NT$9.95b (down 7.0% from 3Q 2024). Net income: NT$95.2m (down 53% from 3Q 2024). Profit margin: 1.0% (down from 1.9% in 3Q 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.New Risk • Aug 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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).New Risk • Aug 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 480% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.72 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.15 (down from NT$0.72 in 2Q 2024). Revenue: NT$9.86b (down 1.1% from 2Q 2024). Net income: NT$57.4m (down 80% from 2Q 2024). Profit margin: 0.6% (down from 2.8% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Price Target Changed • Jul 30Price target decreased by 15% to NT$79.00Down from NT$92.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$79.00. Stock is up 5.3% over the past year. The company posted earnings per share of NT$2.10 last year.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$66.50, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.Declared Dividend • Jun 27Dividend reduced to NT$1.50Dividend of NT$1.50 is 50% lower than last year. Ex-date: 11th July 2025 Payment date: 5th August 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 11Avalue Technology Incorporation (TPEX:3479) agreed to acquire 51% stake in Champ Vision Display. Inc from Coretronic Corporation (TPEX:5371) for approximately TWD 250 million.Avalue Technology Incorporation (TPEX:3479) agreed to acquire 51% stake in Champ Vision Display. Inc from Coretronic Corporation (TPEX:5371) and other shareholders for approximately TWD 250 million on June 10, 2025. A cash consideration valued at TWD 27 per share will be paid by Avalue Technology Incorporation. Avalue Technology Incorporation will use its own funds for the acquisition. The transaction is subject to approval of offer by the board of Avalue Technology Incorporation. The deal has been approved by the board of Avalue Technology Incorporation. CHUNYI CPA FIRM acted as accountant for Avalue Technology Incorporation.Reported Earnings • May 01First quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.37 in 1Q 2024)First quarter 2025 results: EPS: NT$0.05 (down from NT$0.37 in 1Q 2024). Revenue: NT$8.47b (down 7.1% from 1Q 2024). Net income: NT$19.2m (down 87% from 1Q 2024). Profit margin: 0.2% (down from 1.6% in 1Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Apr 16Coretronic Corporation to Report Q1, 2025 Results on Apr 29, 2025Coretronic Corporation announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$45.32 per share.New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 125% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 3.5% 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. Profit margins are more than 30% lower than last year (2.1% net profit margin).お知らせ • Mar 19Coretronic Corporation, Annual General Meeting, Jun 18, 2025Coretronic Corporation, Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: no,2, k`o pei 5th rd., jhunan township, miaoli county TaiwanNew Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 3.5% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).Price Target Changed • Feb 19Price target increased by 23% to NT$103Up from NT$83.00, the current price target is an average from 2 analysts. New target price is 19% above last closing price of NT$86.10. Stock is up 19% over the past year. The company posted earnings per share of NT$3.56 last year.お知らせ • Feb 08Coretronic Corporation to Report Q4, 2024 Results on Feb 17, 2025Coretronic Corporation announced that they will report Q4, 2024 results on Feb 17, 2025New Risk • Dec 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$83.30, the stock trades at a trailing P/E ratio of 36.7x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$49.89 per share.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: NT$0.52 (vs NT$1.19 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.52 (down from NT$1.19 in 3Q 2023). Revenue: NT$10.7b (up 2.8% from 3Q 2023). Net income: NT$202.7m (down 57% from 3Q 2023). Profit margin: 1.9% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Oct 29Coretronic Corporation Announces Resignation of Ann Wu as President, Effective from Nov. 1, 2024On October 28, 2024, Coretronic Corporation announced resignation of Ann Wu as President. Resume of the previous position holder: President of Coretronic. Reason for the change: In accordance with the group's operational plan, Ms. Ann Wu will concentrate on the operational development of the subsidiary Coretronic Intelligent Robotics Corporation. Therefore, she will resign the President of the company on Nov. 1, 2024. Ms. Sarah Lin holds the position of President, focusing on optimizing the operational development of the Display Business Group.お知らせ • Oct 16Coretronic Corporation to Report Q3, 2024 Results on Oct 29, 2024Coretronic Corporation announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$83.40, the stock trades at a trailing P/E ratio of 28.3x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$51.08 per share.Reported Earnings • Jul 30Second quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.06 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.72 (down from NT$1.06 in 2Q 2023). Revenue: NT$9.97b (up 3.5% from 2Q 2023). Net income: NT$281.8m (down 32% from 2Q 2023). Profit margin: 2.8% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Jul 22Coretronic Corporation to Report Q2, 2024 Results on Jul 29, 2024Coretronic Corporation announced that they will report Q2, 2024 results on Jul 29, 2024Declared Dividend • Jun 27Dividend reduced to NT$3.00Dividend of NT$3.00 is 33% lower than last year. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. However, EPS has declined by 5.8% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 26Coretronic Corporation Announces Cash Dividend Distribution, Payable on August 02, 2024Coretronic Corporation announced Cash dividend distribution of TWD 899,256,553 (TWD 2.3 per share). Cash distribution of additional paid-in capital of TWD 273,686,777 (TWD 0.7 per share). Total cash distribution TWD 3.0 per share. Ex-rights (Ex-dividend) date: July 11, 2024; Ex-rights (Ex-dividend) record date: July 19, 2024; Payment date of cash dividend distribution: August 02, 2024.New Risk • May 29New 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 8.8% 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 Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risk Dividend is not well covered by earnings (117% payout ratio).Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$125, the stock trades at a trailing P/E ratio of 38x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 165% over the past three years.お知らせ • May 25Coretronic Corporation to Report September,2024 Results on Oct 09, 2024Coretronic Corporation announced that they will report September, 2024 results on Oct 09, 2024Reported Earnings • May 02First quarter 2024 earnings released: EPS: NT$0.37 (vs NT$0.65 in 1Q 2023)First quarter 2024 results: EPS: NT$0.37 (down from NT$0.65 in 1Q 2023). Revenue: NT$9.12b (down 4.7% from 1Q 2023). Net income: NT$143.2m (down 43% from 1Q 2023). Profit margin: 1.6% (down from 2.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.New Risk • Apr 22New 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 Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$108, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$63.76 per share.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$86.70, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$63.61 per share.Buy Or Sell Opportunity • Mar 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to NT$76.40. The fair value is estimated to be NT$63.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only.お知らせ • Mar 19Coretronic Corporation, Annual General Meeting, Jun 14, 2024Coretronic Corporation, Annual General Meeting, Jun 14, 2024. Location: Chu-Nan Science Park NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miaoli County Taiwan Agenda: To consider 2023 business report; to consider 2023 review report of the Audit committee; to consider the distribution of 2023 employees' compensation; to consider the distribution of 2023 Earnings in cash and additional paid-in capital in cash; to approve 2023 business report and financial statement; to approve the proposal for distribution of 2023 profits; and to consider proposal of Amending the Company's Procedures of Loaning of Funds and Making of Endorsements /Guarantees.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$3.56 (vs NT$6.03 in FY 2022)Full year 2023 results: EPS: NT$3.56 (down from NT$6.03 in FY 2022). Revenue: NT$39.5b (down 21% from FY 2022). Net income: NT$1.39b (down 41% from FY 2022). Profit margin: 3.5% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$1.20 (vs NT$1.78 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.20 (down from NT$1.78 in 3Q 2022). Revenue: NT$10.4b (down 19% from 3Q 2022). Net income: NT$467.0m (down 33% from 3Q 2022). Profit margin: 4.5% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$2.07 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (down from NT$2.07 in 2Q 2022). Revenue: NT$9.63b (down 23% from 2Q 2022). Net income: NT$412.3m (down 49% from 2Q 2022). Profit margin: 4.3% (down from 6.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01Coretronic Corporation Announces the Resignation of Sy Chen as PresidentCoretronic Corporation announced the resignation of SY Chen as President. Reason for the change:In accordance with the group's operational plan, Mr. SY Chen will concentrate on the operational development of brand subsidiary Optoma Holding Limited. Therefore, he will be dismissed from the position of the President of the company. The positions of the other two Presidents remain unchanged. President Sarah Lin is responsible for the operation and development of the Display Business Group, while President Ann Wu is responsible for the operation and development of the Solution Business Group.Upcoming Dividend • Jul 06Upcoming dividend of NT$4.50 per share at 6.0% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 04 August 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.2%).お知らせ • Jun 28Coretronic Corporation Announces Cash Dividend Distribution, Payable on August 4, 2023Coretronic Corporation announced cash dividend distribution of TWD 1,368,433,885 (TWD 3.5 per share) Cash distribution of additional paid-in capital of TWD 390,981,110 (TWD 1.0 per share) Total cash distribution of TWD 4.5 per share. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 27, 2023. Type: Ex-dividend. Ex-rights (Ex-dividend) date: July 13, 2023. Last date before book closure: July 14, 2023. Book closure starting date: July 15, 2023. Book closure ending date: July 19, 2023. Ex-rights (Ex-dividend) record date: July 19, 2023. Payment date of cash dividend distribution: August 4, 2023.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$78.20, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$45.00 per share.Reported Earnings • Feb 19Full year 2022 earnings released: EPS: NT$6.03 (vs NT$5.12 in FY 2021)Full year 2022 results: EPS: NT$6.03 (up from NT$5.12 in FY 2021). Revenue: NT$49.8b (flat on FY 2021). Net income: NT$2.36b (up 16% from FY 2021). Profit margin: 4.7% (up from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 17Price target increased by 16% to NT$61.67Up from NT$53.27, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$63.00. The company posted earnings per share of NT$5.12 last year.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hsing-Yi Chow was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: NT$1.78 (vs NT$1.46 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.78 (up from NT$1.46 in 3Q 2021). Revenue: NT$12.9b (down 1.1% from 3Q 2021). Net income: NT$697.5m (up 23% from 3Q 2021). Profit margin: 5.4% (up from 4.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 29% 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 • Oct 27Coretronic Corporation Announces Appointment of Wilson Hsu as Chief Strategy Officer, Effective January 1, 2023Coretronic Corporation announced the appointment of Wilson Hsu as Chief Strategy Officer, Effective January 1, 2023. Wilson Hsu is Chief Strategy Officer of Executive Vice President of Coretronic Corporation.お知らせ • Oct 19Coretronic Corporation to Report Q3, 2022 Results on Nov 01, 2022Coretronic Corporation announced that they will report Q3, 2022 results on Nov 01, 2022Price Target Changed • Aug 23Price target decreased to NT$68.50Down from NT$77.50, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of NT$64.00. The company posted earnings per share of NT$5.12 last year.Board Change • Aug 23Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hsing-Yi Chow was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Jul 13+ 1 more updateCoretronic Corporation Announces Cash Dividend, Payable on 19 August 2022Coretronic Corporation announced the cash dividend of TWD 1,172,943,330 (TWD 3.0 per share) Cash distribution of additional paid-in capital of TWD 390,981,110 (TWD 1.0 per share) Total cash distribution TWD 4.0 per share. The dividend will paid on 19 August 2022. Ex-rights (Ex-dividend) record date: 02 August 2022. Ex-rights (Ex-dividend) date: 27 August 2022.お知らせ • Jun 11+ 1 more updateCoretronic Corporation Approves the Appointment of Independent DirectorsCoretronic Corporation at its AGM held on June 10, 2022, approved the appointment of Hsing-Yi Chow, Audrey Tseng, Hung-Pin Ku as Independent Directors.お知らせ • May 24HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation (TPEX:5371).HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. agreed to acquire an unknown stake in Coretronic Corporation (TPEX:5371) on February 24, 2022. currently HannStar Display Corporation, Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. holds 4.19%, 1.29%, 1.26% and 2.17% stake respectively in Coretronic Corporation. The total transaction amount is planned to be no more than TWD 2.5 billion, depending on the market price to determine the purchase quantity and the actual total amount. HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation (TPEX:5371) on May 23, 2022. In view of the international economic situation and strategic considerations HannStar Display Corporation board of directors have rescind the transaction.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: NT$1.22 (vs NT$0.93 in 1Q 2021)First quarter 2022 results: EPS: NT$1.22 (up from NT$0.93 in 1Q 2021). Revenue: NT$13.1b (up 31% from 1Q 2021). Net income: NT$478.9m (up 24% from 1Q 2021). Profit margin: 3.6% (down from 3.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to NT$77.50Up from NT$62.65, the current price target is an average from 2 analysts. New target price is 32% above last closing price of NT$58.80. The company posted earnings per share of NT$5.12 last year.お知らせ • Apr 12Coretronic Corporation to Report Q1, 2022 Results on Apr 26, 2022Coretronic Corporation announced that they will report Q1, 2022 results on Apr 26, 2022お知らせ • Mar 23Coretronic Corporation, Annual General Meeting, Jun 10, 2022Coretronic Corporation, Annual General Meeting, Jun 10, 2022. Location: at Chu-Nan Science Park. (NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miao-Li Taiwan Agenda: To consider the 2021 business report; to consider the 2021 review report of the Audit committee; to consider the distribution of 2021 employees' compensation; to consider the distribution of 2021 Earnings in cash and additional paid-in capital in cash; to consider the Coretronic adopted the simple merger of the subsidiary Optoma Technology Corporation; to approve 2021 business report and financial statement; to approve the proposal for distribution of 2021 profits; to amend the Company's Acquisition or Disposal of Assets Procedure; to release the newly-elected directors and their corporate representatives from non-competition restrictions; and to consider the other matters.お知らせ • Mar 03Coretronic Corporation Announces Resignation of Fleming Chuang as Chief Technology OfficerCoretronic Corporation announced resignation of Fleming Chuang as Chief Technology Officer due to personal career planning, effective March 1, 2022.Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$5.12 (up from NT$3.59 in FY 2020). Revenue: NT$49.8b (up 17% from FY 2020). Net income: NT$2.03b (up 30% from FY 2020). Profit margin: 4.1% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 16%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 17Price target increased to NT$77.50Up from NT$62.65, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$73.90. Stock is up 46% over the past year. The company posted earnings per share of NT$3.59 last year.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$86.40, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$62.30 per share.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS NT$1.46 (vs NT$1.35 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$13.0b (up 9.3% from 3Q 2020). Net income: NT$569.5m (down 2.7% from 3Q 2020). Profit margin: 4.4% (down from 4.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Executive Departure • Aug 21Chief Strategy Officer Ann Wu has left the companyOn the 16th of August, Ann Wu's tenure as Chief Strategy Officer ended after 1.5 years in the role. We don't have any record of a personal shareholding under Ann's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.92 years.Reported Earnings • Jul 28Second quarter 2021 earnings released: EPS NT$1.40 (vs NT$1.27 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: NT$11.6b (up 9.5% from 2Q 2020). Net income: NT$548.3m (flat on 2Q 2020). Profit margin: 4.7% (down from 5.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 23Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.0%).Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.012 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$10.0b (up 20% from 1Q 2020). Net income: NT$386.4m (up NT$381.4m from 1Q 2020). Profit margin: 3.9% (up from 0.1% 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 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.お知らせ • Apr 28Coretronic Corporation (GTSM:5371) acquired 7.9% stake in Yann Yuan Investment Co., Ltd. for NTD 2.1 billion.Coretronic Corporation (GTSM:5371) acquired 7.9% stake in Yann Yuan Investment Co., Ltd. for NTD 2.1 billion on April 26, 2021. Under the terms of transaction, Coretronic Corporation acquired 13 million shares. Kevin Tsai. of FORTUNE & CO acted as CPA for the firm. Coretronic Corporation (GTSM:5371) completed the acquisition of 7.9% stake in Yann Yuan Investment Co., Ltd. on April 26, 2021.分析記事 • Apr 04Is Now An Opportune Moment To Examine Coretronic Corporation (GTSM:5371)?While Coretronic Corporation ( GTSM:5371 ) might not be the most widely known stock at the moment, it received a lot of...お知らせ • Mar 16Coretronic Corporation, Annual General Meeting, Jun 10, 2021Coretronic Corporation, Annual General Meeting, Jun 10, 2021. Location: Chu-Nan Science Park NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miao-Li Taiwan Agenda: To consider 2020 business report; to 2020 review report of the audit committee; to the distribution of 2020 employees' compensation; to the distribution of 2020 earnings in cash and additional paid-in capital in cash; to implementation of buying back the company s shares; to approve the proposal for distribution of 2020 profits; to formulate the company's urules of procedure for shareholders meetings; and to consider other matter.分析記事 • Mar 09Coretronic Corporation's (GTSM:5371) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Coretronic (GTSM:5371) has had a great run on the share market with its stock up by a significant 29% over the last...Executive Departure • Mar 03Chief Intelligent Manufacturing Officer & Senior VP has left the companyOn the 1st of March, Daniel Lee's tenure as Chief Intelligent Manufacturing Officer & Senior VP ended after 3.4 years in the role. As of December 2020, Daniel personally held only 34.13k shares (NT$1.4m worth at the time). Daniel is the only executive to leave the company over the last 12 months.Is New 90 Day High Low • Feb 23New 90-day high: NT$51.20The company is up 47% from its price of NT$34.85 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.21 per share.分析記事 • Feb 23How Has Coretronic (GTSM:5371) Allocated 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? Businesses...Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.50, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 12x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 46%.Reported Earnings • Feb 10Full year 2020 earnings released: EPS NT$3.59 (vs NT$2.65 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$42.4b (down 13% from FY 2019). Net income: NT$1.56b (up 35% from FY 2019). Profit margin: 3.7% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the Electronic industry in Taiwan.お知らせ • Feb 10Coretronic Corporation to Report Q4, 2020 Results on Feb 22, 2021Coretronic Corporation announced that they will report Q4, 2020 results on Feb 22, 2021お知らせ • Feb 09Coretronic Corporation Announces Executive ChangesCoretronic Corporation announced the retirement of Daniel Lee, Senior Vice President of the company as Chief Intelligent Manufacturing Officer. The name of new position holder is CY Lin, Vice President of the company. The date of occurrence of change is February 8, 2021.分析記事 • Feb 04Is Coretronic (GTSM:5371) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Feb 04New 90-day high: NT$41.30The company is up 19% from its price of NT$34.80 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.38 per share.分析記事 • Jan 20Looking For Steady Income For Your Dividend Portfolio? Is Coretronic Corporation (GTSM:5371) A Good Fit?Today we'll take a closer look at Coretronic Corporation ( GTSM:5371 ) from a dividend investor's perspective. Owning a...分析記事 • Jan 04What Kind Of Shareholders Own Coretronic Corporation (GTSM:5371)?If you want to know who really controls Coretronic Corporation ( GTSM:5371 ), then you'll have to look at the makeup of...Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$40.95, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 45%.Is New 90 Day High Low • Dec 28New 90-day high: NT$37.20The company is up 11% from its price of NT$33.40 on 30 September 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.32 per share.分析記事 • Dec 18Is Now An Opportune Moment To Examine Coretronic Corporation (GTSM:5371)?Coretronic Corporation ( GTSM:5371 ), might not be a large cap stock, but it saw significant share price movement...Is New 90 Day High Low • Dec 05New 90-day high: NT$36.50The company is up 1.0% from its price of NT$36.05 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$20.94 per share.分析記事 • Nov 30A Look At Coretronic's (GTSM:5371) Share Price ReturnsThe simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners...Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS NT$1.35The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$11.9b (down 8.1% from 3Q 2019). Net income: NT$585.4m (up 24% from 3Q 2019). Profit margin: 4.9% (up from 3.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 03Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 4.4%, compared to a 11% growth forecast for the Electronic industry in Taiwan.財務状況分析短期負債: 5371の 短期資産 ( NT$34.9B ) が 短期負債 ( NT$28.5B ) を超えています。長期負債: 5371の短期資産 ( NT$34.9B ) が 長期負債 ( NT$1.3B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 5371の 純負債対資本比率 ( 1.1% ) は 満足できる 水準であると考えられます。負債の削減: 5371の負債対資本比率は、過去 5 年間で41.9%から51.8%に増加しました。債務返済能力: 5371の負債は 営業キャッシュフロー によって 十分にカバーされていません ( 5.7% )。インタレストカバレッジ: 5371の負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 10:32終値2026/06/10 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Coretronic Corporation 3 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。15 アナリスト機関Wanping YehBarclaysRobin ChengBofA Global ResearchChangrong ChenCapital Securities Corporation12 その他のアナリストを表示
分析記事 • Feb 04Is Coretronic (GTSM:5371) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • 1hUpcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 10 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.2%).
Reported Earnings • Apr 30First quarter 2026 earnings released: NT$0.30 loss per share (vs NT$0.049 profit in 1Q 2025)First quarter 2026 results: NT$0.30 loss per share (down from NT$0.049 profit in 1Q 2025). Revenue: NT$9.36b (up 11% from 1Q 2025). Net loss: NT$119.2m (down NT$138.4m from profit in 1Q 2025). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% 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.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$67.50, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1.4% over the past three years.
New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 322% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin).
お知らせ • Mar 17Coretronic Corporation, Annual General Meeting, Jun 12, 2026Coretronic Corporation, Annual General Meeting, Jun 12, 2026. Location: no,2, k`o pei 5th rd., jhunan township, miaoli county Taiwan
Reported Earnings • Feb 11Full year 2025 earnings released: EPS: NT$0.95 (vs NT$2.10 in FY 2024)Full year 2025 results: EPS: NT$0.95 (down from NT$2.10 in FY 2024). Revenue: NT$39.6b (flat on FY 2024). Net income: NT$371.9m (down 55% from FY 2024). Profit margin: 0.9% (down from 2.1% in FY 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 04Price target increased by 28% to NT$118Up from NT$92.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of NT$95.20. Stock is up 39% over the past year. The company posted earnings per share of NT$2.10 last year.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.24 (down from NT$0.52 in 3Q 2024). Revenue: NT$9.95b (down 7.0% from 3Q 2024). Net income: NT$95.2m (down 53% from 3Q 2024). Profit margin: 1.0% (down from 1.9% in 3Q 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
New Risk • Aug 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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).
New Risk • Aug 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 480% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: NT$0.15 (vs NT$0.72 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.15 (down from NT$0.72 in 2Q 2024). Revenue: NT$9.86b (down 1.1% from 2Q 2024). Net income: NT$57.4m (down 80% from 2Q 2024). Profit margin: 0.6% (down from 2.8% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 30Price target decreased by 15% to NT$79.00Down from NT$92.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$79.00. Stock is up 5.3% over the past year. The company posted earnings per share of NT$2.10 last year.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$66.50, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.
Declared Dividend • Jun 27Dividend reduced to NT$1.50Dividend of NT$1.50 is 50% lower than last year. Ex-date: 11th July 2025 Payment date: 5th August 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 11Avalue Technology Incorporation (TPEX:3479) agreed to acquire 51% stake in Champ Vision Display. Inc from Coretronic Corporation (TPEX:5371) for approximately TWD 250 million.Avalue Technology Incorporation (TPEX:3479) agreed to acquire 51% stake in Champ Vision Display. Inc from Coretronic Corporation (TPEX:5371) and other shareholders for approximately TWD 250 million on June 10, 2025. A cash consideration valued at TWD 27 per share will be paid by Avalue Technology Incorporation. Avalue Technology Incorporation will use its own funds for the acquisition. The transaction is subject to approval of offer by the board of Avalue Technology Incorporation. The deal has been approved by the board of Avalue Technology Incorporation. CHUNYI CPA FIRM acted as accountant for Avalue Technology Incorporation.
Reported Earnings • May 01First quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.37 in 1Q 2024)First quarter 2025 results: EPS: NT$0.05 (down from NT$0.37 in 1Q 2024). Revenue: NT$8.47b (down 7.1% from 1Q 2024). Net income: NT$19.2m (down 87% from 1Q 2024). Profit margin: 0.2% (down from 1.6% in 1Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Apr 16Coretronic Corporation to Report Q1, 2025 Results on Apr 29, 2025Coretronic Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$60.30, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$45.32 per share.
New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 125% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 3.5% 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. Profit margins are more than 30% lower than last year (2.1% net profit margin).
お知らせ • Mar 19Coretronic Corporation, Annual General Meeting, Jun 18, 2025Coretronic Corporation, Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: no,2, k`o pei 5th rd., jhunan township, miaoli county Taiwan
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings have declined by 3.5% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin).
Price Target Changed • Feb 19Price target increased by 23% to NT$103Up from NT$83.00, the current price target is an average from 2 analysts. New target price is 19% above last closing price of NT$86.10. Stock is up 19% over the past year. The company posted earnings per share of NT$3.56 last year.
お知らせ • Feb 08Coretronic Corporation to Report Q4, 2024 Results on Feb 17, 2025Coretronic Corporation announced that they will report Q4, 2024 results on Feb 17, 2025
New Risk • Dec 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$83.30, the stock trades at a trailing P/E ratio of 36.7x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$49.89 per share.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: NT$0.52 (vs NT$1.19 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.52 (down from NT$1.19 in 3Q 2023). Revenue: NT$10.7b (up 2.8% from 3Q 2023). Net income: NT$202.7m (down 57% from 3Q 2023). Profit margin: 1.9% (down from 4.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Oct 29Coretronic Corporation Announces Resignation of Ann Wu as President, Effective from Nov. 1, 2024On October 28, 2024, Coretronic Corporation announced resignation of Ann Wu as President. Resume of the previous position holder: President of Coretronic. Reason for the change: In accordance with the group's operational plan, Ms. Ann Wu will concentrate on the operational development of the subsidiary Coretronic Intelligent Robotics Corporation. Therefore, she will resign the President of the company on Nov. 1, 2024. Ms. Sarah Lin holds the position of President, focusing on optimizing the operational development of the Display Business Group.
お知らせ • Oct 16Coretronic Corporation to Report Q3, 2024 Results on Oct 29, 2024Coretronic Corporation announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$83.40, the stock trades at a trailing P/E ratio of 28.3x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$51.08 per share.
Reported Earnings • Jul 30Second quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.06 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.72 (down from NT$1.06 in 2Q 2023). Revenue: NT$9.97b (up 3.5% from 2Q 2023). Net income: NT$281.8m (down 32% from 2Q 2023). Profit margin: 2.8% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Jul 22Coretronic Corporation to Report Q2, 2024 Results on Jul 29, 2024Coretronic Corporation announced that they will report Q2, 2024 results on Jul 29, 2024
Declared Dividend • Jun 27Dividend reduced to NT$3.00Dividend of NT$3.00 is 33% lower than last year. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. However, EPS has declined by 5.8% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 26Coretronic Corporation Announces Cash Dividend Distribution, Payable on August 02, 2024Coretronic Corporation announced Cash dividend distribution of TWD 899,256,553 (TWD 2.3 per share). Cash distribution of additional paid-in capital of TWD 273,686,777 (TWD 0.7 per share). Total cash distribution TWD 3.0 per share. Ex-rights (Ex-dividend) date: July 11, 2024; Ex-rights (Ex-dividend) record date: July 19, 2024; Payment date of cash dividend distribution: August 02, 2024.
New Risk • May 29New 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 8.8% 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 Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risk Dividend is not well covered by earnings (117% payout ratio).
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$125, the stock trades at a trailing P/E ratio of 38x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 165% over the past three years.
お知らせ • May 25Coretronic Corporation to Report September,2024 Results on Oct 09, 2024Coretronic Corporation announced that they will report September, 2024 results on Oct 09, 2024
Reported Earnings • May 02First quarter 2024 earnings released: EPS: NT$0.37 (vs NT$0.65 in 1Q 2023)First quarter 2024 results: EPS: NT$0.37 (down from NT$0.65 in 1Q 2023). Revenue: NT$9.12b (down 4.7% from 1Q 2023). Net income: NT$143.2m (down 43% from 1Q 2023). Profit margin: 1.6% (down from 2.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
New Risk • Apr 22New 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 Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$108, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$63.76 per share.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$86.70, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$63.61 per share.
Buy Or Sell Opportunity • Mar 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to NT$76.40. The fair value is estimated to be NT$63.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
お知らせ • Mar 19Coretronic Corporation, Annual General Meeting, Jun 14, 2024Coretronic Corporation, Annual General Meeting, Jun 14, 2024. Location: Chu-Nan Science Park NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miaoli County Taiwan Agenda: To consider 2023 business report; to consider 2023 review report of the Audit committee; to consider the distribution of 2023 employees' compensation; to consider the distribution of 2023 Earnings in cash and additional paid-in capital in cash; to approve 2023 business report and financial statement; to approve the proposal for distribution of 2023 profits; and to consider proposal of Amending the Company's Procedures of Loaning of Funds and Making of Endorsements /Guarantees.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$3.56 (vs NT$6.03 in FY 2022)Full year 2023 results: EPS: NT$3.56 (down from NT$6.03 in FY 2022). Revenue: NT$39.5b (down 21% from FY 2022). Net income: NT$1.39b (down 41% from FY 2022). Profit margin: 3.5% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$1.20 (vs NT$1.78 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.20 (down from NT$1.78 in 3Q 2022). Revenue: NT$10.4b (down 19% from 3Q 2022). Net income: NT$467.0m (down 33% from 3Q 2022). Profit margin: 4.5% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$1.05 (vs NT$2.07 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.05 (down from NT$2.07 in 2Q 2022). Revenue: NT$9.63b (down 23% from 2Q 2022). Net income: NT$412.3m (down 49% from 2Q 2022). Profit margin: 4.3% (down from 6.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01Coretronic Corporation Announces the Resignation of Sy Chen as PresidentCoretronic Corporation announced the resignation of SY Chen as President. Reason for the change:In accordance with the group's operational plan, Mr. SY Chen will concentrate on the operational development of brand subsidiary Optoma Holding Limited. Therefore, he will be dismissed from the position of the President of the company. The positions of the other two Presidents remain unchanged. President Sarah Lin is responsible for the operation and development of the Display Business Group, while President Ann Wu is responsible for the operation and development of the Solution Business Group.
Upcoming Dividend • Jul 06Upcoming dividend of NT$4.50 per share at 6.0% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 04 August 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.2%).
お知らせ • Jun 28Coretronic Corporation Announces Cash Dividend Distribution, Payable on August 4, 2023Coretronic Corporation announced cash dividend distribution of TWD 1,368,433,885 (TWD 3.5 per share) Cash distribution of additional paid-in capital of TWD 390,981,110 (TWD 1.0 per share) Total cash distribution of TWD 4.5 per share. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 27, 2023. Type: Ex-dividend. Ex-rights (Ex-dividend) date: July 13, 2023. Last date before book closure: July 14, 2023. Book closure starting date: July 15, 2023. Book closure ending date: July 19, 2023. Ex-rights (Ex-dividend) record date: July 19, 2023. Payment date of cash dividend distribution: August 4, 2023.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$78.20, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$45.00 per share.
Reported Earnings • Feb 19Full year 2022 earnings released: EPS: NT$6.03 (vs NT$5.12 in FY 2021)Full year 2022 results: EPS: NT$6.03 (up from NT$5.12 in FY 2021). Revenue: NT$49.8b (flat on FY 2021). Net income: NT$2.36b (up 16% from FY 2021). Profit margin: 4.7% (up from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 17Price target increased by 16% to NT$61.67Up from NT$53.27, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$63.00. The company posted earnings per share of NT$5.12 last year.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hsing-Yi Chow was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: NT$1.78 (vs NT$1.46 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.78 (up from NT$1.46 in 3Q 2021). Revenue: NT$12.9b (down 1.1% from 3Q 2021). Net income: NT$697.5m (up 23% from 3Q 2021). Profit margin: 5.4% (up from 4.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 29% 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 • Oct 27Coretronic Corporation Announces Appointment of Wilson Hsu as Chief Strategy Officer, Effective January 1, 2023Coretronic Corporation announced the appointment of Wilson Hsu as Chief Strategy Officer, Effective January 1, 2023. Wilson Hsu is Chief Strategy Officer of Executive Vice President of Coretronic Corporation.
お知らせ • Oct 19Coretronic Corporation to Report Q3, 2022 Results on Nov 01, 2022Coretronic Corporation announced that they will report Q3, 2022 results on Nov 01, 2022
Price Target Changed • Aug 23Price target decreased to NT$68.50Down from NT$77.50, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of NT$64.00. The company posted earnings per share of NT$5.12 last year.
Board Change • Aug 23Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hsing-Yi Chow was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Jul 13+ 1 more updateCoretronic Corporation Announces Cash Dividend, Payable on 19 August 2022Coretronic Corporation announced the cash dividend of TWD 1,172,943,330 (TWD 3.0 per share) Cash distribution of additional paid-in capital of TWD 390,981,110 (TWD 1.0 per share) Total cash distribution TWD 4.0 per share. The dividend will paid on 19 August 2022. Ex-rights (Ex-dividend) record date: 02 August 2022. Ex-rights (Ex-dividend) date: 27 August 2022.
お知らせ • Jun 11+ 1 more updateCoretronic Corporation Approves the Appointment of Independent DirectorsCoretronic Corporation at its AGM held on June 10, 2022, approved the appointment of Hsing-Yi Chow, Audrey Tseng, Hung-Pin Ku as Independent Directors.
お知らせ • May 24HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation (TPEX:5371).HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. agreed to acquire an unknown stake in Coretronic Corporation (TPEX:5371) on February 24, 2022. currently HannStar Display Corporation, Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. holds 4.19%, 1.29%, 1.26% and 2.17% stake respectively in Coretronic Corporation. The total transaction amount is planned to be no more than TWD 2.5 billion, depending on the market price to determine the purchase quantity and the actual total amount. HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation (TPEX:5371) on May 23, 2022. In view of the international economic situation and strategic considerations HannStar Display Corporation board of directors have rescind the transaction.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: NT$1.22 (vs NT$0.93 in 1Q 2021)First quarter 2022 results: EPS: NT$1.22 (up from NT$0.93 in 1Q 2021). Revenue: NT$13.1b (up 31% from 1Q 2021). Net income: NT$478.9m (up 24% from 1Q 2021). Profit margin: 3.6% (down from 3.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to NT$77.50Up from NT$62.65, the current price target is an average from 2 analysts. New target price is 32% above last closing price of NT$58.80. The company posted earnings per share of NT$5.12 last year.
お知らせ • Apr 12Coretronic Corporation to Report Q1, 2022 Results on Apr 26, 2022Coretronic Corporation announced that they will report Q1, 2022 results on Apr 26, 2022
お知らせ • Mar 23Coretronic Corporation, Annual General Meeting, Jun 10, 2022Coretronic Corporation, Annual General Meeting, Jun 10, 2022. Location: at Chu-Nan Science Park. (NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miao-Li Taiwan Agenda: To consider the 2021 business report; to consider the 2021 review report of the Audit committee; to consider the distribution of 2021 employees' compensation; to consider the distribution of 2021 Earnings in cash and additional paid-in capital in cash; to consider the Coretronic adopted the simple merger of the subsidiary Optoma Technology Corporation; to approve 2021 business report and financial statement; to approve the proposal for distribution of 2021 profits; to amend the Company's Acquisition or Disposal of Assets Procedure; to release the newly-elected directors and their corporate representatives from non-competition restrictions; and to consider the other matters.
お知らせ • Mar 03Coretronic Corporation Announces Resignation of Fleming Chuang as Chief Technology OfficerCoretronic Corporation announced resignation of Fleming Chuang as Chief Technology Officer due to personal career planning, effective March 1, 2022.
Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$5.12 (up from NT$3.59 in FY 2020). Revenue: NT$49.8b (up 17% from FY 2020). Net income: NT$2.03b (up 30% from FY 2020). Profit margin: 4.1% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 16%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 17Price target increased to NT$77.50Up from NT$62.65, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$73.90. Stock is up 46% over the past year. The company posted earnings per share of NT$3.59 last year.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$86.40, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$62.30 per share.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS NT$1.46 (vs NT$1.35 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$13.0b (up 9.3% from 3Q 2020). Net income: NT$569.5m (down 2.7% from 3Q 2020). Profit margin: 4.4% (down from 4.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Executive Departure • Aug 21Chief Strategy Officer Ann Wu has left the companyOn the 16th of August, Ann Wu's tenure as Chief Strategy Officer ended after 1.5 years in the role. We don't have any record of a personal shareholding under Ann's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.92 years.
Reported Earnings • Jul 28Second quarter 2021 earnings released: EPS NT$1.40 (vs NT$1.27 in 2Q 2020)The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: NT$11.6b (up 9.5% from 2Q 2020). Net income: NT$548.3m (flat on 2Q 2020). Profit margin: 4.7% (down from 5.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 23Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.0%).
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.012 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$10.0b (up 20% from 1Q 2020). Net income: NT$386.4m (up NT$381.4m from 1Q 2020). Profit margin: 3.9% (up from 0.1% 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 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Coretronic Corporation (GTSM:5371) acquired 7.9% stake in Yann Yuan Investment Co., Ltd. for NTD 2.1 billion.Coretronic Corporation (GTSM:5371) acquired 7.9% stake in Yann Yuan Investment Co., Ltd. for NTD 2.1 billion on April 26, 2021. Under the terms of transaction, Coretronic Corporation acquired 13 million shares. Kevin Tsai. of FORTUNE & CO acted as CPA for the firm. Coretronic Corporation (GTSM:5371) completed the acquisition of 7.9% stake in Yann Yuan Investment Co., Ltd. on April 26, 2021.
分析記事 • Apr 04Is Now An Opportune Moment To Examine Coretronic Corporation (GTSM:5371)?While Coretronic Corporation ( GTSM:5371 ) might not be the most widely known stock at the moment, it received a lot of...
お知らせ • Mar 16Coretronic Corporation, Annual General Meeting, Jun 10, 2021Coretronic Corporation, Annual General Meeting, Jun 10, 2021. Location: Chu-Nan Science Park NO.2, Ke Bei Rd.5th, Science Park, Chu-Nan Miao-Li Taiwan Agenda: To consider 2020 business report; to 2020 review report of the audit committee; to the distribution of 2020 employees' compensation; to the distribution of 2020 earnings in cash and additional paid-in capital in cash; to implementation of buying back the company s shares; to approve the proposal for distribution of 2020 profits; to formulate the company's urules of procedure for shareholders meetings; and to consider other matter.
分析記事 • Mar 09Coretronic Corporation's (GTSM:5371) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?Coretronic (GTSM:5371) has had a great run on the share market with its stock up by a significant 29% over the last...
Executive Departure • Mar 03Chief Intelligent Manufacturing Officer & Senior VP has left the companyOn the 1st of March, Daniel Lee's tenure as Chief Intelligent Manufacturing Officer & Senior VP ended after 3.4 years in the role. As of December 2020, Daniel personally held only 34.13k shares (NT$1.4m worth at the time). Daniel is the only executive to leave the company over the last 12 months.
Is New 90 Day High Low • Feb 23New 90-day high: NT$51.20The company is up 47% from its price of NT$34.85 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.21 per share.
分析記事 • Feb 23How Has Coretronic (GTSM:5371) Allocated 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? Businesses...
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.50, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 12x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 46%.
Reported Earnings • Feb 10Full year 2020 earnings released: EPS NT$3.59 (vs NT$2.65 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$42.4b (down 13% from FY 2019). Net income: NT$1.56b (up 35% from FY 2019). Profit margin: 3.7% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 10Revenue misses expectationsRevenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the Electronic industry in Taiwan.
お知らせ • Feb 10Coretronic Corporation to Report Q4, 2020 Results on Feb 22, 2021Coretronic Corporation announced that they will report Q4, 2020 results on Feb 22, 2021
お知らせ • Feb 09Coretronic Corporation Announces Executive ChangesCoretronic Corporation announced the retirement of Daniel Lee, Senior Vice President of the company as Chief Intelligent Manufacturing Officer. The name of new position holder is CY Lin, Vice President of the company. The date of occurrence of change is February 8, 2021.
分析記事 • Feb 04Is Coretronic (GTSM:5371) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Feb 04New 90-day high: NT$41.30The company is up 19% from its price of NT$34.80 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.38 per share.
分析記事 • Jan 20Looking For Steady Income For Your Dividend Portfolio? Is Coretronic Corporation (GTSM:5371) A Good Fit?Today we'll take a closer look at Coretronic Corporation ( GTSM:5371 ) from a dividend investor's perspective. Owning a...
分析記事 • Jan 04What Kind Of Shareholders Own Coretronic Corporation (GTSM:5371)?If you want to know who really controls Coretronic Corporation ( GTSM:5371 ), then you'll have to look at the makeup of...
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$40.95, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 45%.
Is New 90 Day High Low • Dec 28New 90-day high: NT$37.20The company is up 11% from its price of NT$33.40 on 30 September 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$24.32 per share.
分析記事 • Dec 18Is Now An Opportune Moment To Examine Coretronic Corporation (GTSM:5371)?Coretronic Corporation ( GTSM:5371 ), might not be a large cap stock, but it saw significant share price movement...
Is New 90 Day High Low • Dec 05New 90-day high: NT$36.50The company is up 1.0% from its price of NT$36.05 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$20.94 per share.
分析記事 • Nov 30A Look At Coretronic's (GTSM:5371) Share Price ReturnsThe simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners...
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS NT$1.35The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$11.9b (down 8.1% from 3Q 2019). Net income: NT$585.4m (up 24% from 3Q 2019). Profit margin: 4.9% (up from 3.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 03Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 4.4%, compared to a 11% growth forecast for the Electronic industry in Taiwan.