View Future GrowthTeco Image Systems 過去の業績過去 基準チェック /26Teco Image Systemsは、平均年間12.7%の収益成長を遂げていますが、 Electronic業界の収益は、年間 成長しています。収益は、平均年間2.5% 5.2%収益成長率で 減少しています。 Teco Image Systemsの自己資本利益率は1.2%であり、純利益率は3.1%です。主要情報12.69%収益成長率19.76%EPS成長率Electronic 業界の成長14.81%収益成長率-5.24%株主資本利益率1.22%ネット・マージン3.13%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.51 (vs NT$1.10 in FY 2024)Full year 2025 results: EPS: NT$0.51 (down from NT$1.10 in FY 2024). Revenue: NT$1.30b (down 2.7% from FY 2024). Net income: NT$40.7m (down 53% from FY 2024). Profit margin: 3.1% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.81 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.64 (down from NT$0.81 in 3Q 2024). Revenue: NT$304.8m (down 22% from 3Q 2024). Net income: NT$50.4m (down 21% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 2Q 2024). Revenue: NT$420.9m (up 32% from 2Q 2024). Net loss: NT$4.13m (loss narrowed 54% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.054 loss in 1Q 2024). Revenue: NT$300.1m (up 23% from 1Q 2024). Net income: NT$10.6m (up NT$14.9m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30Teco Image Systems Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Teco Image Systems Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.10 (vs NT$0.09 in FY 2023)Full year 2024 results: EPS: NT$1.10 (up from NT$0.09 in FY 2023). Revenue: NT$1.33b (up 12% from FY 2023). Net income: NT$86.9m (up NT$79.8m from FY 2023). Profit margin: 6.5% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesNew Risk • Mar 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 26x cash flows per share). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (NT$2.34b market cap, or US$73.3m).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.51 (vs NT$1.10 in FY 2024)Full year 2025 results: EPS: NT$0.51 (down from NT$1.10 in FY 2024). Revenue: NT$1.30b (down 2.7% from FY 2024). Net income: NT$40.7m (down 53% from FY 2024). Profit margin: 3.1% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 09Teco Image Systems Co., Ltd., Annual General Meeting, May 26, 2026Teco Image Systems Co., Ltd., Annual General Meeting, May 26, 2026. Location: 2 floor no,1568-1, sec.1 chung shan rd., chin hu li, guanyin district, taoyuan city TaiwanReported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.81 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.64 (down from NT$0.81 in 3Q 2024). Revenue: NT$304.8m (down 22% from 3Q 2024). Net income: NT$50.4m (down 21% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$25.60, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 63% over the past three years.Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 2Q 2024). Revenue: NT$420.9m (up 32% from 2Q 2024). Net loss: NT$4.13m (loss narrowed 54% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$22.95, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.Upcoming Dividend • Jul 25Upcoming dividend of NT$0.65 per shareEligible shareholders must have bought the stock before 01 August 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.054 loss in 1Q 2024). Revenue: NT$300.1m (up 23% from 1Q 2024). Net income: NT$10.6m (up NT$14.9m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30Teco Image Systems Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Teco Image Systems Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.25, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 59% over the past three years.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$21.85, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years.New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 10x cash flows per share). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$88.2m).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.10 (vs NT$0.09 in FY 2023)Full year 2024 results: EPS: NT$1.10 (up from NT$0.09 in FY 2023). Revenue: NT$1.33b (up 12% from FY 2023). Net income: NT$86.9m (up NT$79.8m from FY 2023). Profit margin: 6.5% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 27Teco Image Systems Co., Ltd., Annual General Meeting, May 22, 2025Teco Image Systems Co., Ltd., Annual General Meeting, May 22, 2025. Location: 2 floor no,1568-1, sec.1 chung shan rd., chin hu li, guanyin district, taoyuan city Taiwanお知らせ • Feb 19Teco Image Systems Co., Ltd. to Report Q4, 2024 Results on Feb 26, 2025Teco Image Systems Co., Ltd. announced that they will report Q4, 2024 results on Feb 26, 2025New Risk • Dec 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Earnings have declined by 4.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.24b market cap, or US$99.4m).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.64 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.81 (up from NT$0.64 in 3Q 2023). Revenue: NT$388.2m (up 24% from 3Q 2023). Net income: NT$64.0m (up 27% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.お知らせ • Oct 30Teco Image Systems Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Teco Image Systems Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024お知らせ • Oct 11Teco Image Systems Co., Ltd. announced a financing transactionTeco Image Systems Co., Ltd. announced a private placement to issue 16,800,000 shares on October 9, 2024. The transaction has been approved by shareholders of company.New Risk • Sep 20New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 304% Cash payout ratio: 98% Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$2.91b market cap, or US$90.8m).Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.26 profit in 2Q 2023)Second quarter 2024 results: NT$0.11 loss per share (down from NT$0.26 profit in 2Q 2023). Revenue: NT$319.5m (down 12% from 2Q 2023). Net loss: NT$8.93m (down 143% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Jul 30Teco Image Systems Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024Teco Image Systems Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 2.0% lower than last year. Ex-date: 27th June 2024 Payment date: 24th July 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). 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 2.9% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.お知らせ • Jun 14Teco Image Systems Co., Ltd. Announces Cash Dividend, Payable on July 24, 2024Teco Image Systems Co., Ltd. announced Cash dividend TWD 56,268,283 (TWD 0.5 per share). Ex-rights (Ex-dividend) date is June 27, 2024. Ex-rights (Ex-dividend) record date is July 3, 2024. Payment date of cash dividend distribution is July 24, 2024. Date of the resolution by the board of directors or shareholders’ meeting, or of the decision by the company is June 12, 2024.Reported Earnings • May 19First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.50 loss in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (improved from NT$0.50 loss in 1Q 2023). Revenue: NT$244.8m (down 1.4% from 1Q 2023). Net loss: NT$4.30m (loss narrowed 89% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • May 02Teco Image Systems Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Teco Image Systems Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.09 (vs NT$0.81 in FY 2022)Full year 2023 results: EPS: NT$0.09 (down from NT$0.81 in FY 2022). Revenue: NT$1.20b (down 31% from FY 2022). Net income: NT$7.12m (down 89% from FY 2022). Profit margin: 0.6% (down from 3.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 06Teco Image Systems Co., Ltd., Annual General Meeting, Jun 24, 2024Teco Image Systems Co., Ltd., Annual General Meeting, Jun 24, 2024. Location: 2F.,No.1568-1, Chung Shan Rd., Sec. 1, Kuang-In Taoyuan Taiwan Agenda: To consider the 2023 business report; to consider the 2023 audit committee report; to consider the distribution of the 2023 directors and employees compensations; to consider distribution of cash dividends from profits in 2023; to approve the 2023 business report and financial statements; to approve the proposal for the distribution of the 2023 retained earnings; to approve revisions to the articles of incorporation; to elect board directors for the eleventh term; to approve the lifting of the non-competition restrictions on the board of directors of the eleventh term; and to consider other issues.New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 3.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 328% Cash payout ratio: 187% Earnings have declined by 27% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$1.96b market cap, or US$61.5m).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.64 (vs NT$1.42 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.64 (down from NT$1.42 in 3Q 2022). Revenue: NT$314.2m (down 43% from 3Q 2022). Net income: NT$50.6m (down 55% from 3Q 2022). Profit margin: 16% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.26 (vs NT$0.036 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.26 (up from NT$0.036 loss in 2Q 2022). Revenue: NT$364.1m (down 22% from 2Q 2022). Net income: NT$20.8m (up NT$23.6m from 2Q 2022). Profit margin: 5.7% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 10Teco Image Systems Co., Ltd. Appoints Chang Yu Ren Title as Chief Information Security OfficeTeco Image Systems Co., Ltd. announced the appointment of Chang Yu Ren Title, Deputy General Manager, as chief information security office. Effective date is August 9, 2023.Upcoming Dividend • Jun 09Upcoming dividend of NT$0.51 per share at 2.5% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).お知らせ • Jun 03Teco Image Systems Co., Ltd. Announces Cash Dividend for 2022, Payable on July 14, 2023Teco Image Systems Co., Ltd. announced cash dividend TWD 57,393,648 or TWD 0.51 per share for 2022. Ex-rights (Ex-dividend) date: June 16, 2023; Ex-rights (Ex-dividend) record date: June 24, 2023 and Payment date of cash dividend distribution: July 14, 2023.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$22.10, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Yao-Nan Tan was the last independent director to join the board, commencing their role in 2021. 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 13Third quarter 2022 earnings released: EPS: NT$1.42 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.42 (up from NT$0.67 in 3Q 2021). Revenue: NT$550.6m (up 36% from 3Q 2021). Net income: NT$112.0m (up 74% from 3Q 2021). Profit margin: 20% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.Reported Earnings • Aug 14Second quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.06 profit in 2Q 2021)Second quarter 2022 results: NT$0.04 loss per share (down from NT$0.06 profit in 2Q 2021). Revenue: NT$467.6m (down 2.7% from 2Q 2021). Net loss: NT$2.85m (down 142% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% 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 04Upcoming dividend of NT$0.41 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.9%).お知らせ • Jun 18Teco Image Systems Co., Ltd. Approves Cash Dividend for 2021Teco Image Systems Co., Ltd. approves cash dividend of TWD 0.41 per share for 2021 at its shareholders' meeting held on June 17, 2022.お知らせ • Mar 29Teco Image Systems Co.,Ltd., Annual General Meeting, Jun 17, 2022Teco Image Systems Co.,Ltd., Annual General Meeting, Jun 17, 2022.Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$0.51 (vs NT$0.007 in FY 2020)Full year 2021 results: EPS: NT$0.51 (up from NT$0.007 in FY 2020). Revenue: NT$1.77b (up 39% from FY 2020). Net income: NT$51.8m (up NT$51.0m from FY 2020). Profit margin: 2.9% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.50 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$403.9m (down 4.1% from 3Q 2020). Net income: NT$64.3m (up 15% from 3Q 2020). Profit margin: 16% (up from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 56% over the past three years.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$24.75, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 83% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.033 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$480.9m (up 78% from 2Q 2020). Net income: NT$6.75m (up NT$10.5m from 2Q 2020). Profit margin: 1.4% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 17Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 17 September 2021. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$17.35, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.46 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$452.8m (up 108% from 1Q 2020). Net income: NT$6.17m (up NT$57.5m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.01 (vs NT$0.44 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.28b (down 28% from FY 2019). Net income: NT$799.0k (down 98% from FY 2019). Profit margin: 0.1% (down from 2.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.分析記事 • Mar 16Teco Image SystemsLtd (GTSM:5438) Share Prices Have Dropped 29% In The Last Three YearsMany investors define successful investing as beating the market average over the long term. But its virtually certain...Is New 90 Day High Low • Mar 16New 90-day high: NT$12.60The company is up 5.0% from a price of NT$12.00 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Electronic industry, which is up 19% over the same period.Is New 90 Day High Low • Jan 31New 90-day low: NT$11.75The company is down 1.0% from its price of NT$11.90 on 03 November 2020. The Taiwanese market is up 19% 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.分析記事 • Jan 29Looking For Steady Income For Your Dividend Portfolio? Is Teco Image Systems Co.,Ltd. (GTSM:5438) A Good Fit?Could Teco Image Systems Co.,Ltd. ( GTSM:5438 ) be an attractive dividend share to own for the long haul? Investors are...Is New 90 Day High Low • Dec 24New 90-day high: NT$12.50The company is up 7.0% from its price of NT$11.70 on 25 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 16% over the same period.分析記事 • Dec 08Is Teco Image SystemsLtd (GTSM:5438) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.50The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$421.3m (down 14% from 3Q 2019). Net income: NT$56.0m (down 19% from 3Q 2019). Profit margin: 13% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.収支内訳Teco Image Systems の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:5438 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Dec 251,298411499030 Sep 251,407931519530 Jun 251,4901071559631 Mar 251,38910216610031 Dec 241,334871679630 Sep 241,223261679030 Jun 241,149131729231 Mar 241,193431749331 Dec 231,19771829630 Sep 231,287122029530 Jun 231,5247420910231 Mar 231,6275020510131 Dec 221,7236419910530 Sep 221,7965819111930 Jun 221,6491019011831 Mar 221,6632019412431 Dec 211,7715219612730 Sep 211,7067719012630 Jun 211,7236918212231 Mar 211,5135818412231 Dec 201,278119312130 Sep 201,360-2020012630 Jun 201,426-720613431 Mar 201,594921014031 Dec 191,7705020614730 Sep 191,91110420514930 Jun 192,01911820816031 Mar 192,09311620916531 Dec 182,16216021217130 Sep 182,17716222818230 Jun 182,25118324018531 Mar 182,27723124819131 Dec 172,35422125719930 Sep 172,36122026221130 Jun 172,34221726321831 Mar 172,40418226322331 Dec 162,42617926722830 Sep 162,49115626222830 Jun 162,54818126423931 Mar 162,67019226924131 Dec 152,52718226323830 Sep 152,39517926222930 Jun 152,316104274222質の高い収益: 5438は 高品質の収益 を持っています。利益率の向上: 5438の現在の純利益率 (3.1%)は、昨年(6.5%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 5438の収益は過去 5 年間で年間12.7%増加しました。成長の加速: 5438は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 5438は過去 1 年間で収益成長率がマイナス ( -53.2% ) となったため、 Electronic業界平均 ( -2% ) と比較することが困難です。株主資本利益率高いROE: 5438の 自己資本利益率 ( 1.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 20:54終値2026/05/08 00:00収益2025/12/31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Teco Image Systems Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Yvonne LuKGI Securities Co. Ltd.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.51 (vs NT$1.10 in FY 2024)Full year 2025 results: EPS: NT$0.51 (down from NT$1.10 in FY 2024). Revenue: NT$1.30b (down 2.7% from FY 2024). Net income: NT$40.7m (down 53% from FY 2024). Profit margin: 3.1% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.81 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.64 (down from NT$0.81 in 3Q 2024). Revenue: NT$304.8m (down 22% from 3Q 2024). Net income: NT$50.4m (down 21% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 2Q 2024). Revenue: NT$420.9m (up 32% from 2Q 2024). Net loss: NT$4.13m (loss narrowed 54% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.054 loss in 1Q 2024). Revenue: NT$300.1m (up 23% from 1Q 2024). Net income: NT$10.6m (up NT$14.9m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30Teco Image Systems Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Teco Image Systems Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.10 (vs NT$0.09 in FY 2023)Full year 2024 results: EPS: NT$1.10 (up from NT$0.09 in FY 2023). Revenue: NT$1.33b (up 12% from FY 2023). Net income: NT$86.9m (up NT$79.8m from FY 2023). Profit margin: 6.5% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 26x cash flows per share). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (NT$2.34b market cap, or US$73.3m).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.51 (vs NT$1.10 in FY 2024)Full year 2025 results: EPS: NT$0.51 (down from NT$1.10 in FY 2024). Revenue: NT$1.30b (down 2.7% from FY 2024). Net income: NT$40.7m (down 53% from FY 2024). Profit margin: 3.1% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 09Teco Image Systems Co., Ltd., Annual General Meeting, May 26, 2026Teco Image Systems Co., Ltd., Annual General Meeting, May 26, 2026. Location: 2 floor no,1568-1, sec.1 chung shan rd., chin hu li, guanyin district, taoyuan city Taiwan
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.81 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.64 (down from NT$0.81 in 3Q 2024). Revenue: NT$304.8m (down 22% from 3Q 2024). Net income: NT$50.4m (down 21% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$25.60, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 63% over the past three years.
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 2Q 2024)Second quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 2Q 2024). Revenue: NT$420.9m (up 32% from 2Q 2024). Net loss: NT$4.13m (loss narrowed 54% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$22.95, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.
Upcoming Dividend • Jul 25Upcoming dividend of NT$0.65 per shareEligible shareholders must have bought the stock before 01 August 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%).
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.054 loss in 1Q 2024). Revenue: NT$300.1m (up 23% from 1Q 2024). Net income: NT$10.6m (up NT$14.9m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30Teco Image Systems Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Teco Image Systems Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.25, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 59% over the past three years.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$21.85, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years.
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 10x cash flows per share). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$88.2m).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.10 (vs NT$0.09 in FY 2023)Full year 2024 results: EPS: NT$1.10 (up from NT$0.09 in FY 2023). Revenue: NT$1.33b (up 12% from FY 2023). Net income: NT$86.9m (up NT$79.8m from FY 2023). Profit margin: 6.5% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 27Teco Image Systems Co., Ltd., Annual General Meeting, May 22, 2025Teco Image Systems Co., Ltd., Annual General Meeting, May 22, 2025. Location: 2 floor no,1568-1, sec.1 chung shan rd., chin hu li, guanyin district, taoyuan city Taiwan
お知らせ • Feb 19Teco Image Systems Co., Ltd. to Report Q4, 2024 Results on Feb 26, 2025Teco Image Systems Co., Ltd. announced that they will report Q4, 2024 results on Feb 26, 2025
New Risk • Dec 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Earnings have declined by 4.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.24b market cap, or US$99.4m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.81 (vs NT$0.64 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.81 (up from NT$0.64 in 3Q 2023). Revenue: NT$388.2m (up 24% from 3Q 2023). Net income: NT$64.0m (up 27% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
お知らせ • Oct 30Teco Image Systems Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Teco Image Systems Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
お知らせ • Oct 11Teco Image Systems Co., Ltd. announced a financing transactionTeco Image Systems Co., Ltd. announced a private placement to issue 16,800,000 shares on October 9, 2024. The transaction has been approved by shareholders of company.
New Risk • Sep 20New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 304% Cash payout ratio: 98% Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$2.91b market cap, or US$90.8m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.26 profit in 2Q 2023)Second quarter 2024 results: NT$0.11 loss per share (down from NT$0.26 profit in 2Q 2023). Revenue: NT$319.5m (down 12% from 2Q 2023). Net loss: NT$8.93m (down 143% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 30Teco Image Systems Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024Teco Image Systems Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024
Declared Dividend • Jun 14Dividend reduced to NT$0.50Dividend of NT$0.50 is 2.0% lower than last year. Ex-date: 27th June 2024 Payment date: 24th July 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). 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 2.9% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jun 14Teco Image Systems Co., Ltd. Announces Cash Dividend, Payable on July 24, 2024Teco Image Systems Co., Ltd. announced Cash dividend TWD 56,268,283 (TWD 0.5 per share). Ex-rights (Ex-dividend) date is June 27, 2024. Ex-rights (Ex-dividend) record date is July 3, 2024. Payment date of cash dividend distribution is July 24, 2024. Date of the resolution by the board of directors or shareholders’ meeting, or of the decision by the company is June 12, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.50 loss in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (improved from NT$0.50 loss in 1Q 2023). Revenue: NT$244.8m (down 1.4% from 1Q 2023). Net loss: NT$4.30m (loss narrowed 89% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • May 02Teco Image Systems Co., Ltd. to Report Q1, 2024 Results on May 07, 2024Teco Image Systems Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.09 (vs NT$0.81 in FY 2022)Full year 2023 results: EPS: NT$0.09 (down from NT$0.81 in FY 2022). Revenue: NT$1.20b (down 31% from FY 2022). Net income: NT$7.12m (down 89% from FY 2022). Profit margin: 0.6% (down from 3.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 06Teco Image Systems Co., Ltd., Annual General Meeting, Jun 24, 2024Teco Image Systems Co., Ltd., Annual General Meeting, Jun 24, 2024. Location: 2F.,No.1568-1, Chung Shan Rd., Sec. 1, Kuang-In Taoyuan Taiwan Agenda: To consider the 2023 business report; to consider the 2023 audit committee report; to consider the distribution of the 2023 directors and employees compensations; to consider distribution of cash dividends from profits in 2023; to approve the 2023 business report and financial statements; to approve the proposal for the distribution of the 2023 retained earnings; to approve revisions to the articles of incorporation; to elect board directors for the eleventh term; to approve the lifting of the non-competition restrictions on the board of directors of the eleventh term; and to consider other issues.
New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 3.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 328% Cash payout ratio: 187% Earnings have declined by 27% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$1.96b market cap, or US$61.5m).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.64 (vs NT$1.42 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.64 (down from NT$1.42 in 3Q 2022). Revenue: NT$314.2m (down 43% from 3Q 2022). Net income: NT$50.6m (down 55% from 3Q 2022). Profit margin: 16% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$0.26 (vs NT$0.036 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.26 (up from NT$0.036 loss in 2Q 2022). Revenue: NT$364.1m (down 22% from 2Q 2022). Net income: NT$20.8m (up NT$23.6m from 2Q 2022). Profit margin: 5.7% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 10Teco Image Systems Co., Ltd. Appoints Chang Yu Ren Title as Chief Information Security OfficeTeco Image Systems Co., Ltd. announced the appointment of Chang Yu Ren Title, Deputy General Manager, as chief information security office. Effective date is August 9, 2023.
Upcoming Dividend • Jun 09Upcoming dividend of NT$0.51 per share at 2.5% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%).
お知らせ • Jun 03Teco Image Systems Co., Ltd. Announces Cash Dividend for 2022, Payable on July 14, 2023Teco Image Systems Co., Ltd. announced cash dividend TWD 57,393,648 or TWD 0.51 per share for 2022. Ex-rights (Ex-dividend) date: June 16, 2023; Ex-rights (Ex-dividend) record date: June 24, 2023 and Payment date of cash dividend distribution: July 14, 2023.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$22.10, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 85% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Yao-Nan Tan was the last independent director to join the board, commencing their role in 2021. 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 13Third quarter 2022 earnings released: EPS: NT$1.42 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.42 (up from NT$0.67 in 3Q 2021). Revenue: NT$550.6m (up 36% from 3Q 2021). Net income: NT$112.0m (up 74% from 3Q 2021). Profit margin: 20% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.
Reported Earnings • Aug 14Second quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.06 profit in 2Q 2021)Second quarter 2022 results: NT$0.04 loss per share (down from NT$0.06 profit in 2Q 2021). Revenue: NT$467.6m (down 2.7% from 2Q 2021). Net loss: NT$2.85m (down 142% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% 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 04Upcoming dividend of NT$0.41 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.9%).
お知らせ • Jun 18Teco Image Systems Co., Ltd. Approves Cash Dividend for 2021Teco Image Systems Co., Ltd. approves cash dividend of TWD 0.41 per share for 2021 at its shareholders' meeting held on June 17, 2022.
お知らせ • Mar 29Teco Image Systems Co.,Ltd., Annual General Meeting, Jun 17, 2022Teco Image Systems Co.,Ltd., Annual General Meeting, Jun 17, 2022.
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$0.51 (vs NT$0.007 in FY 2020)Full year 2021 results: EPS: NT$0.51 (up from NT$0.007 in FY 2020). Revenue: NT$1.77b (up 39% from FY 2020). Net income: NT$51.8m (up NT$51.0m from FY 2020). Profit margin: 2.9% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.50 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$403.9m (down 4.1% from 3Q 2020). Net income: NT$64.3m (up 15% from 3Q 2020). Profit margin: 16% (up from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.25, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 56% over the past three years.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$24.75, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 83% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.033 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$480.9m (up 78% from 2Q 2020). Net income: NT$6.75m (up NT$10.5m from 2Q 2020). Profit margin: 1.4% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 17Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 24 August 2021. Payment date: 17 September 2021. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$17.35, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.46 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$452.8m (up 108% from 1Q 2020). Net income: NT$6.17m (up NT$57.5m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.01 (vs NT$0.44 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.28b (down 28% from FY 2019). Net income: NT$799.0k (down 98% from FY 2019). Profit margin: 0.1% (down from 2.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 16Teco Image SystemsLtd (GTSM:5438) Share Prices Have Dropped 29% In The Last Three YearsMany investors define successful investing as beating the market average over the long term. But its virtually certain...
Is New 90 Day High Low • Mar 16New 90-day high: NT$12.60The company is up 5.0% from a price of NT$12.00 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Electronic industry, which is up 19% over the same period.
Is New 90 Day High Low • Jan 31New 90-day low: NT$11.75The company is down 1.0% from its price of NT$11.90 on 03 November 2020. The Taiwanese market is up 19% 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.
分析記事 • Jan 29Looking For Steady Income For Your Dividend Portfolio? Is Teco Image Systems Co.,Ltd. (GTSM:5438) A Good Fit?Could Teco Image Systems Co.,Ltd. ( GTSM:5438 ) be an attractive dividend share to own for the long haul? Investors are...
Is New 90 Day High Low • Dec 24New 90-day high: NT$12.50The company is up 7.0% from its price of NT$11.70 on 25 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 16% over the same period.
分析記事 • Dec 08Is Teco Image SystemsLtd (GTSM:5438) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.50The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$421.3m (down 14% from 3Q 2019). Net income: NT$56.0m (down 19% from 3Q 2019). Profit margin: 13% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.