View Past PerformanceSpeed Tech バランスシートの健全性財務の健全性 基準チェック /66Speed Techの総株主資本はNT$12.2B 、総負債はNT$4.6Bで、負債比率は37.2%となります。総資産と総負債はそれぞれNT$32.0BとNT$19.8Bです。 Speed Techの EBIT はNT$1.0Bで、利息カバレッジ比率-13.9です。現金および短期投資はNT$7.7Bです。主要情報37.19%負債資本比率NT$4.55b負債インタレスト・カバレッジ・レシオ-13.9x現金NT$7.72bエクイティNT$12.24b負債合計NT$19.76b総資産NT$32.01b財務の健全性に関する最新情報分析記事 • Mar 09These 4 Measures Indicate That Speed Tech (GTSM:5457) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 23Is Speed Tech (GTSM:5457) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updatesReported Earnings • May 18First quarter 2026 earnings released: NT$1.00 loss per share (vs NT$1.09 profit in 1Q 2025)First quarter 2026 results: NT$1.00 loss per share (down from NT$1.09 profit in 1Q 2025). Revenue: NT$5.15b (down 4.5% from 1Q 2025). Net loss: NT$180.6m (down 196% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 27Full year 2025 earnings released: EPS: NT$2.77 (vs NT$2.30 in FY 2024)Full year 2025 results: EPS: NT$2.77 (up from NT$2.30 in FY 2024). Revenue: NT$24.4b (up 7.4% from FY 2024). Net income: NT$479.8m (up 21% from FY 2024). Profit margin: 2.0% (up from 1.8% in FY 2024). 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 fallen by 15% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 11Speed Tech Corp., Annual General Meeting, Jun 16, 2026Speed Tech Corp., Annual General Meeting, Jun 16, 2026. Location: b2 floor no,108, sec.1 tun hua s. rd., songshan district, taipei city Taiwanお知らせ • Dec 18Speed Tech Corp. has filed a Follow-on Equity Offering.Speed Tech Corp. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 19,800,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,200,000 Transaction Features: Subsequent Direct ListingBoard Change • Dec 13High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Ding-Jun Zhong was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.06 (vs NT$1.49 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.06 (down from NT$1.49 in 3Q 2024). Revenue: NT$7.15b (flat on 3Q 2024). Net income: NT$183.1m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% 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.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 2.0% over the past three years.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.61 loss per share (vs NT$0.005 profit in 2Q 2024)Second quarter 2025 results: NT$0.61 loss per share (down from NT$0.005 profit in 2Q 2024). Revenue: NT$5.53b (up 12% from 2Q 2024). Net loss: NT$105.7m (down NT$106.6m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% 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.Upcoming Dividend • Jul 23Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 25 August 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).Declared Dividend • Jul 05Dividend of NT$1.30 announcedShareholders will receive a dividend of NT$1.30. Ex-date: 30th July 2025 Payment date: 25th August 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.New Risk • May 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.09 (vs NT$0.24 in 1Q 2024)First quarter 2025 results: EPS: NT$1.09 (up from NT$0.24 in 1Q 2024). Revenue: NT$5.39b (up 29% from 1Q 2024). Net income: NT$188.4m (up 346% from 1Q 2024). Profit margin: 3.5% (up from 1.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • May 06Speed Tech Corp. to Report Q1, 2025 Results on May 13, 2025Speed Tech Corp. announced that they will report Q1, 2025 results on May 13, 2025New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 13% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$37.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.お知らせ • Mar 11Speed Tech Corp., Annual General Meeting, Jun 26, 2025Speed Tech Corp., Annual General Meeting, Jun 26, 2025. Location: 3 floor no,300, sec.1 chuang ching rd., taoyuan district, taoyuan city Taiwanお知らせ • Mar 01Speed Tech Corp. to Report Fiscal Year 2024 Results on Mar 10, 2025Speed Tech Corp. announced that they will report fiscal year 2024 results on Mar 10, 2025New Risk • Dec 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$63.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$122 per share.お知らせ • Nov 23Speed Tech Corp. Announces the Resignation of Shen, Chun-Hsi as Institutional Director RepresentativeSpeed Tech Corp. announced the resignation of Shen, Chun-Hsi as Institutional director representative. Resume of the previous position holder: Speed Tech Corp., Special Assistant to the Chairman. Date of occurrence of the change: November 22, 2024.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.49 (up from NT$1.30 in 3Q 2023). Revenue: NT$7.12b (up 49% from 3Q 2023). Net income: NT$256.7m (up 15% from 3Q 2023). Profit margin: 3.6% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 13% 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 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$56.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.お知らせ • Nov 01Speed Tech Corp. to Report Q3, 2024 Results on Nov 08, 2024Speed Tech Corp. announced that they will report Q3, 2024 results on Nov 08, 2024New Risk • Oct 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Sep 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to NT$49.25. The fair value is estimated to be NT$61.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to grow by 114% in the next year.Reported Earnings • Aug 16Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.01. Revenue: NT$4.92b (up 16% from 2Q 2023). Net income: NT$883.0k (down 31% from 2Q 2023). Profit margin: 0% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$43.15, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 36% over the past three years.お知らせ • Aug 02Speed Tech Corp. to Report Q2, 2024 Results on Aug 09, 2024Speed Tech Corp. announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jul 25Upcoming dividend of NT$0.32 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.7%).Declared Dividend • Jun 27Dividend reduced to NT$0.32Dividend of NT$0.32 is 83% lower than last year. Ex-date: 1st August 2024 Payment date: 30th August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 2%.お知らせ • Jun 26Speed Tech Corp. Announces Cash Dividend, Payable on August 30, 2024Speed Tech Corp. announced cash dividends of TWD 0.32 per share, total amount is TWD 55,137,376. Ex-rights (Ex-dividend) date is August 1, 2024. Ex-rights (Ex-dividend) record date is August 9, 2024. Payment date of cash dividend distribution is August 30, 2024. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 25, 2024.Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.40 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.25 (up from NT$0.40 loss in 1Q 2023). Revenue: NT$4.17b (up 23% from 1Q 2023). Net income: NT$42.3m (up NT$111.2m from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% 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 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • May 03Speed Tech Corp. to Report Q1, 2024 Results on May 10, 2024Speed Tech Corp. announced that they will report Q1, 2024 results on May 10, 2024Major Estimate Revision • Apr 03Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$23.1b to NT$20.0b. EPS estimate fell from NT$4.91 to NT$3.56 per share. Net income forecast to grow 243% next year vs 32% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$75.00 to NT$78.00. Share price fell 3.2% to NT$59.70 over the past week.Reported Earnings • Mar 29Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$1.04 (down from NT$4.60 in FY 2022). Revenue: NT$16.7b (down 13% from FY 2022). Net income: NT$177.2m (down 77% from FY 2022). Profit margin: 1.1% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Mar 23Speed Tech Corp., Annual General Meeting, Jun 20, 2024Speed Tech Corp., Annual General Meeting, Jun 20, 2024.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$67.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.お知らせ • Dec 23+ 1 more updateSpeed Tech Corp. Announces the Appointment of Lian,Xiang-Yi as Independent DirectorSpeed Tech Corp. announced the appointment of Lian,Xiang-Yi as Independent Director. Resume of the new position holder: Managing Director, Google Global Search Services and Platforms Group. Reason for the change: Meet the needs of corporate governance. Effective date of the new member: December 22, 2023.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.30 (vs NT$2.03 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.30 (down from NT$2.03 in 3Q 2022). Revenue: NT$4.77b (down 18% from 3Q 2022). Net income: NT$222.8m (down 35% from 3Q 2022). Profit margin: 4.7% (down from 5.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Sep 22Consensus EPS estimates fall by 48%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$19.3b to NT$18.5b. EPS estimate also fell from NT$3.52 per share to NT$1.83 per share. Net income forecast to grow 60% next year vs 5.2% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$88.00 to NT$75.00. Share price fell 3.3% to NT$53.50 over the past week.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.008 (vs NT$1.19 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.008 (down from NT$1.19 in 2Q 2022). Revenue: NT$4.25b (down 8.1% from 2Q 2022). Net income: NT$1.28m (down 99% from 2Q 2022). Profit margin: 0% (down from 4.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Jul 18Upcoming dividend of NT$1.84 per share at 3.3% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$64.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 14% over the past three years.お知らせ • Jun 27Speed Tech Corp. Announces Cash Dividend, Payable on August 18, 2023Speed Tech Corp. announced cash dividends of TWD 1.84 per share, total amount is TWD 314,364,920. Ex-rights (Ex-dividend) date is July 25, 2023. Ex-rights (Ex-dividend) record date is July 31, 2023. Payment date of cash dividend distribution is August 18, 2023.Major Estimate Revision • May 25Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$22.9b to NT$19.3b. EPS estimate fell from NT$6.92 to NT$3.52 per share. Net income forecast to grow 26% next year vs 7.9% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$100.00 to NT$88.00. Share price was steady at NT$50.90 over the past week.お知らせ • May 11Speed Tech Corp. Appoints Hung-Sheng, Lin as Corporate Governance OfficerSpeed Tech Corp. announced the appointment of corporate governance officer. Name, title, and resume of the new position holder: Hung-Sheng, Lin, the Company's principal financial and accounting officer. Effective date: May 10, 2023.Buying Opportunity • Apr 18Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be NT$73.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 86% in the next 2 years.Buying Opportunity • Mar 27Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be NT$71.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.Buying Opportunity • Feb 24Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$72.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: NT$2.03 (vs NT$1.80 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.03 (up from NT$1.80 in 3Q 2021). Revenue: NT$5.83b (up 6.4% from 3Q 2021). Net income: NT$344.8m (up 14% from 3Q 2021). Profit margin: 5.9% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 16Price target decreased to NT$100.00Down from NT$161, the current price target is provided by 1 analyst. New target price is 79% above last closing price of NT$55.80. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$5.92 for next year compared to NT$5.11 last year.お知らせ • Nov 15Speed Tech Corp. Announces Resignation of Chao-Jen Huang as Institutional DirectorSpeed Tech Corp. announced resignation of Chao-Jen Huang as institutional director. Resume of the previous position holder: General counsel of LUXSHARE-ICT CO., LTD.Buying Opportunity • Oct 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.0%. The fair value is estimated to be NT$64.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$51.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.Buying Opportunity • Sep 23Now 22% undervaluedOver the last 90 days, the stock is up 6.0%. The fair value is estimated to be NT$74.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$65.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 1.8% over the past three years.Buying Opportunity • Sep 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.4%. The fair value is estimated to be NT$72.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.Reported Earnings • Aug 16Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$1.19 (up from NT$1.02 in 2Q 2021). Revenue: NT$4.63b (up 34% from 2Q 2021). Net income: NT$201.2m (up 17% from 2Q 2021). Profit margin: 4.3% (down from 5.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 7.8%, compared to a 7.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Jul 31High number of new directorsSupervisor Jung-Hui Shih was the last director to join the board, commencing their role in 2021.Upcoming Dividend • Jul 28Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.6%).お知らせ • Jul 09+ 1 more updateSpeed Tech Corp. Announces Cash Dividend, Payable on August 30, 2022Speed Tech Corp. announced cash dividends of TWD 425,654,750, TWD 2.50052871 per share in cash. Ex-rights (Ex-dividend) date is August 4, 2022. Ex-rights (Ex-dividend) record date is August 12, 2022. Payment date of cash dividend distribution is August 30, 2022.お知らせ • Jun 25Speed Tech Corp. Announces Establishment of the Audit Committee of the CompanySpeed Tech Corp. announced the establishment of the audit committee of the company, by appointing Ho-Bo Chan, Ding-Jun Zhong, Chun-Yi, Lin to the audit committee, Effective from June 24, 2022.お知らせ • Jun 18An unknown buyer has announced to acquire Dongguan Leader Precision Industry Co., Ltd from Speed Tech Corp. (TPEX:5457) for CNY 25.243 million.An unknown buyer has announced to acquire Dongguan Leader Precision Industry Co., Ltd from Speed Tech Corp. (TPEX:5457) for CNY 25.243 million on June 16, 2022.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$61.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 1.7% over the past three years.Reported Earnings • May 18First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.91 (down from NT$0.94 in 1Q 2021). Revenue: NT$4.33b (up 23% from 1Q 2021). Net income: NT$153.9m (down 2.5% from 1Q 2021). Profit margin: 3.6% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 11%, compared to a 9.9% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target decreased to NT$100.00Down from NT$161, the current price target is provided by 1 analyst. New target price is 86% above last closing price of NT$53.70. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$5.65 for next year compared to NT$5.11 last year.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Director Yi-Ling Yeh is the most experienced director on the board, commencing their role in 2013. Independent Director He-Bo Chan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$5.11 (up from NT$4.19 in FY 2020). Revenue: NT$18.6b (up 25% from FY 2020). Net income: NT$861.6m (up 22% from FY 2020). Profit margin: 4.6% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$18.0b to NT$18.8b. EPS estimate fell from NT$5.66 to NT$5.09 per share. Net income forecast to grow 9.0% next year vs 18% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$161 to NT$100.00. Share price was steady at NT$56.10 over the past week.Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be NT$70.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% per annum over the last 3 years. Earnings per share has grown by 52% per annum over the last 3 years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.80 (vs NT$1.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.48b (up 35% from 3Q 2020). Net income: NT$303.6m (up 62% from 3Q 2020). Profit margin: 5.5% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$75.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 66% over the past three years.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$90.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.Major Estimate Revision • Aug 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$19.1b to NT$17.2b. EPS estimate unchanged at NT$5.63 per share. Net income forecast to grow 67% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$161 unchanged from last update. Share price rose 2.4% to NT$75.40 over the past week.Upcoming Dividend • Aug 19Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.94 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$3.47b (flat on 2Q 2020). Net income: NT$172.1m (up 9.3% from 2Q 2020). Profit margin: 5.0% (up from 4.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$95.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 58% over the past three years.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years.Executive Departure • May 25Supervisor has left the companyOn the 13th of May, Chiu-Tan Lin's tenure as Supervisor ended after 7.9 years in the role. We don't have any record of a personal shareholding under Chiu-Tan's name. Chiu-Tan is the only executive to leave the company over the last 12 months.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.85 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$3.52b (up 17% from 1Q 2020). Net income: NT$157.9m (up 11% from 1Q 2020). Profit margin: 4.5% (down from 4.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$57.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.分析記事 • Apr 29Read This Before Buying Speed Tech Corp. (GTSM:5457) For Its DividendCould Speed Tech Corp. ( GTSM:5457 ) be an attractive dividend share to own for the long haul? Investors are often...分析記事 • Apr 16Calculating The Fair Value Of Speed Tech Corp. (GTSM:5457)Today we will run through one way of estimating the intrinsic value of Speed Tech Corp. ( GTSM:5457 ) by taking the...分析記事 • Apr 05What Does Speed Tech Corp.'s (GTSM:5457) Share Price Indicate?Speed Tech Corp. ( GTSM:5457 ), is not the largest company out there, but it saw a double-digit share price rise of...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$4.19 (vs NT$2.19 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.8b (up 32% from FY 2019). Net income: NT$704.0m (up 92% from FY 2019). Profit margin: 4.8% (up from 3.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 09These 4 Measures Indicate That Speed Tech (GTSM:5457) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Feb 23What Type Of Shareholders Own The Most Number of Speed Tech Corp. (GTSM:5457) Shares?The big shareholder groups in Speed Tech Corp. ( GTSM:5457 ) have power over the company. Generally speaking, as a...分析記事 • Feb 04Speed Tech Corp.'s (GTSM:5457) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?It is hard to get excited after looking at Speed Tech's (GTSM:5457) recent performance, when its stock has declined 17...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$78.30, the stock is trading at a trailing P/E ratio of 21.1x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 61%.Is New 90 Day High Low • Jan 29New 90-day low: NT$87.00The company is down 9.0% from its price of NT$96.00 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 30% over the same period.分析記事 • Jan 17Is Speed Tech (GTSM:5457) The Next Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Dec 29Is Speed Tech Corp. (GTSM:5457) Potentially Undervalued?While Speed Tech Corp. ( GTSM:5457 ) might not be the most widely known stock at the moment, it received a lot of...分析記事 • Nov 23Is Speed Tech (GTSM:5457) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.11The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$4.06b (up 20% from 3Q 2019). Net income: NT$187.0m (up 9.2% from 3Q 2019). Profit margin: 4.6% (down from 5.1% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 15% share price gain to NT$106, the stock is trading at a trailing P/E ratio of 29.1x, up from the previous P/E ratio of 25.2x. 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 110%.Is New 90 Day High Low • Nov 02New 90-day low: NT$91.40The company is down 11% from its price of NT$103 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.財務状況分析短期負債: 5457の 短期資産 ( NT$19.4B ) が 短期負債 ( NT$17.6B ) を超えています。長期負債: 5457の短期資産 ( NT$19.4B ) が 長期負債 ( NT$2.2B ) 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: 5457総負債よりも多くの現金を保有しています。負債の削減: 5457の負債対資本比率は、過去 5 年間で44.4%から37.2%に減少しました。債務返済能力: 5457の負債は 営業キャッシュフロー によって 十分にカバー されています ( 67.7% )。インタレストカバレッジ: 5457支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。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2026/05/21 22:29終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Speed Tech Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Wei Lun YangJ.P. MorganLiren LiangMasterlink Securities Investment Advisory
分析記事 • Mar 09These 4 Measures Indicate That Speed Tech (GTSM:5457) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 23Is Speed Tech (GTSM:5457) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 18First quarter 2026 earnings released: NT$1.00 loss per share (vs NT$1.09 profit in 1Q 2025)First quarter 2026 results: NT$1.00 loss per share (down from NT$1.09 profit in 1Q 2025). Revenue: NT$5.15b (down 4.5% from 1Q 2025). Net loss: NT$180.6m (down 196% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 27Full year 2025 earnings released: EPS: NT$2.77 (vs NT$2.30 in FY 2024)Full year 2025 results: EPS: NT$2.77 (up from NT$2.30 in FY 2024). Revenue: NT$24.4b (up 7.4% from FY 2024). Net income: NT$479.8m (up 21% from FY 2024). Profit margin: 2.0% (up from 1.8% in FY 2024). 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 fallen by 15% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 11Speed Tech Corp., Annual General Meeting, Jun 16, 2026Speed Tech Corp., Annual General Meeting, Jun 16, 2026. Location: b2 floor no,108, sec.1 tun hua s. rd., songshan district, taipei city Taiwan
お知らせ • Dec 18Speed Tech Corp. has filed a Follow-on Equity Offering.Speed Tech Corp. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 19,800,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,200,000 Transaction Features: Subsequent Direct Listing
Board Change • Dec 13High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Ding-Jun Zhong was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$1.06 (vs NT$1.49 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.06 (down from NT$1.49 in 3Q 2024). Revenue: NT$7.15b (flat on 3Q 2024). Net income: NT$183.1m (down 29% from 3Q 2024). Profit margin: 2.6% (down from 3.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% 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.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 2.0% over the past three years.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.61 loss per share (vs NT$0.005 profit in 2Q 2024)Second quarter 2025 results: NT$0.61 loss per share (down from NT$0.005 profit in 2Q 2024). Revenue: NT$5.53b (up 12% from 2Q 2024). Net loss: NT$105.7m (down NT$106.6m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% 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.
Upcoming Dividend • Jul 23Upcoming dividend of NT$1.30 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 25 August 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).
Declared Dividend • Jul 05Dividend of NT$1.30 announcedShareholders will receive a dividend of NT$1.30. Ex-date: 30th July 2025 Payment date: 25th August 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
New Risk • May 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.09 (vs NT$0.24 in 1Q 2024)First quarter 2025 results: EPS: NT$1.09 (up from NT$0.24 in 1Q 2024). Revenue: NT$5.39b (up 29% from 1Q 2024). Net income: NT$188.4m (up 346% from 1Q 2024). Profit margin: 3.5% (up from 1.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • May 06Speed Tech Corp. to Report Q1, 2025 Results on May 13, 2025Speed Tech Corp. announced that they will report Q1, 2025 results on May 13, 2025
New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 13% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$37.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.
お知らせ • Mar 11Speed Tech Corp., Annual General Meeting, Jun 26, 2025Speed Tech Corp., Annual General Meeting, Jun 26, 2025. Location: 3 floor no,300, sec.1 chuang ching rd., taoyuan district, taoyuan city Taiwan
お知らせ • Mar 01Speed Tech Corp. to Report Fiscal Year 2024 Results on Mar 10, 2025Speed Tech Corp. announced that they will report fiscal year 2024 results on Mar 10, 2025
New Risk • Dec 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$63.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$122 per share.
お知らせ • Nov 23Speed Tech Corp. Announces the Resignation of Shen, Chun-Hsi as Institutional Director RepresentativeSpeed Tech Corp. announced the resignation of Shen, Chun-Hsi as Institutional director representative. Resume of the previous position holder: Speed Tech Corp., Special Assistant to the Chairman. Date of occurrence of the change: November 22, 2024.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.49 (up from NT$1.30 in 3Q 2023). Revenue: NT$7.12b (up 49% from 3Q 2023). Net income: NT$256.7m (up 15% from 3Q 2023). Profit margin: 3.6% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 13% 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 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$56.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.
お知らせ • Nov 01Speed Tech Corp. to Report Q3, 2024 Results on Nov 08, 2024Speed Tech Corp. announced that they will report Q3, 2024 results on Nov 08, 2024
New Risk • Oct 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Sep 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to NT$49.25. The fair value is estimated to be NT$61.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to grow by 114% in the next year.
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.01. Revenue: NT$4.92b (up 16% from 2Q 2023). Net income: NT$883.0k (down 31% from 2Q 2023). Profit margin: 0% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$43.15, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 36% over the past three years.
お知らせ • Aug 02Speed Tech Corp. to Report Q2, 2024 Results on Aug 09, 2024Speed Tech Corp. announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jul 25Upcoming dividend of NT$0.32 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.7%).
Declared Dividend • Jun 27Dividend reduced to NT$0.32Dividend of NT$0.32 is 83% lower than last year. Ex-date: 1st August 2024 Payment date: 30th August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 2%.
お知らせ • Jun 26Speed Tech Corp. Announces Cash Dividend, Payable on August 30, 2024Speed Tech Corp. announced cash dividends of TWD 0.32 per share, total amount is TWD 55,137,376. Ex-rights (Ex-dividend) date is August 1, 2024. Ex-rights (Ex-dividend) record date is August 9, 2024. Payment date of cash dividend distribution is August 30, 2024. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 25, 2024.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.25 (vs NT$0.40 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.25 (up from NT$0.40 loss in 1Q 2023). Revenue: NT$4.17b (up 23% from 1Q 2023). Net income: NT$42.3m (up NT$111.2m from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% 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 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • May 03Speed Tech Corp. to Report Q1, 2024 Results on May 10, 2024Speed Tech Corp. announced that they will report Q1, 2024 results on May 10, 2024
Major Estimate Revision • Apr 03Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$23.1b to NT$20.0b. EPS estimate fell from NT$4.91 to NT$3.56 per share. Net income forecast to grow 243% next year vs 32% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$75.00 to NT$78.00. Share price fell 3.2% to NT$59.70 over the past week.
Reported Earnings • Mar 29Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$1.04 (down from NT$4.60 in FY 2022). Revenue: NT$16.7b (down 13% from FY 2022). Net income: NT$177.2m (down 77% from FY 2022). Profit margin: 1.1% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 23Speed Tech Corp., Annual General Meeting, Jun 20, 2024Speed Tech Corp., Annual General Meeting, Jun 20, 2024.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$67.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.
お知らせ • Dec 23+ 1 more updateSpeed Tech Corp. Announces the Appointment of Lian,Xiang-Yi as Independent DirectorSpeed Tech Corp. announced the appointment of Lian,Xiang-Yi as Independent Director. Resume of the new position holder: Managing Director, Google Global Search Services and Platforms Group. Reason for the change: Meet the needs of corporate governance. Effective date of the new member: December 22, 2023.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: NT$1.30 (vs NT$2.03 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.30 (down from NT$2.03 in 3Q 2022). Revenue: NT$4.77b (down 18% from 3Q 2022). Net income: NT$222.8m (down 35% from 3Q 2022). Profit margin: 4.7% (down from 5.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Sep 22Consensus EPS estimates fall by 48%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$19.3b to NT$18.5b. EPS estimate also fell from NT$3.52 per share to NT$1.83 per share. Net income forecast to grow 60% next year vs 5.2% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$88.00 to NT$75.00. Share price fell 3.3% to NT$53.50 over the past week.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.008 (vs NT$1.19 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.008 (down from NT$1.19 in 2Q 2022). Revenue: NT$4.25b (down 8.1% from 2Q 2022). Net income: NT$1.28m (down 99% from 2Q 2022). Profit margin: 0% (down from 4.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Jul 18Upcoming dividend of NT$1.84 per share at 3.3% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$64.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 14% over the past three years.
お知らせ • Jun 27Speed Tech Corp. Announces Cash Dividend, Payable on August 18, 2023Speed Tech Corp. announced cash dividends of TWD 1.84 per share, total amount is TWD 314,364,920. Ex-rights (Ex-dividend) date is July 25, 2023. Ex-rights (Ex-dividend) record date is July 31, 2023. Payment date of cash dividend distribution is August 18, 2023.
Major Estimate Revision • May 25Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$22.9b to NT$19.3b. EPS estimate fell from NT$6.92 to NT$3.52 per share. Net income forecast to grow 26% next year vs 7.9% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$100.00 to NT$88.00. Share price was steady at NT$50.90 over the past week.
お知らせ • May 11Speed Tech Corp. Appoints Hung-Sheng, Lin as Corporate Governance OfficerSpeed Tech Corp. announced the appointment of corporate governance officer. Name, title, and resume of the new position holder: Hung-Sheng, Lin, the Company's principal financial and accounting officer. Effective date: May 10, 2023.
Buying Opportunity • Apr 18Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be NT$73.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 86% in the next 2 years.
Buying Opportunity • Mar 27Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be NT$71.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.
Buying Opportunity • Feb 24Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$72.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: NT$2.03 (vs NT$1.80 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.03 (up from NT$1.80 in 3Q 2021). Revenue: NT$5.83b (up 6.4% from 3Q 2021). Net income: NT$344.8m (up 14% from 3Q 2021). Profit margin: 5.9% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 16Price target decreased to NT$100.00Down from NT$161, the current price target is provided by 1 analyst. New target price is 79% above last closing price of NT$55.80. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$5.92 for next year compared to NT$5.11 last year.
お知らせ • Nov 15Speed Tech Corp. Announces Resignation of Chao-Jen Huang as Institutional DirectorSpeed Tech Corp. announced resignation of Chao-Jen Huang as institutional director. Resume of the previous position holder: General counsel of LUXSHARE-ICT CO., LTD.
Buying Opportunity • Oct 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.0%. The fair value is estimated to be NT$64.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$51.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.
Buying Opportunity • Sep 23Now 22% undervaluedOver the last 90 days, the stock is up 6.0%. The fair value is estimated to be NT$74.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$65.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 1.8% over the past three years.
Buying Opportunity • Sep 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.4%. The fair value is estimated to be NT$72.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.8% in a year. Earnings is forecast to grow by 22% in the next year.
Reported Earnings • Aug 16Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$1.19 (up from NT$1.02 in 2Q 2021). Revenue: NT$4.63b (up 34% from 2Q 2021). Net income: NT$201.2m (up 17% from 2Q 2021). Profit margin: 4.3% (down from 5.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 7.8%, compared to a 7.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Jul 31High number of new directorsSupervisor Jung-Hui Shih was the last director to join the board, commencing their role in 2021.
Upcoming Dividend • Jul 28Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (4.6%).
お知らせ • Jul 09+ 1 more updateSpeed Tech Corp. Announces Cash Dividend, Payable on August 30, 2022Speed Tech Corp. announced cash dividends of TWD 425,654,750, TWD 2.50052871 per share in cash. Ex-rights (Ex-dividend) date is August 4, 2022. Ex-rights (Ex-dividend) record date is August 12, 2022. Payment date of cash dividend distribution is August 30, 2022.
お知らせ • Jun 25Speed Tech Corp. Announces Establishment of the Audit Committee of the CompanySpeed Tech Corp. announced the establishment of the audit committee of the company, by appointing Ho-Bo Chan, Ding-Jun Zhong, Chun-Yi, Lin to the audit committee, Effective from June 24, 2022.
お知らせ • Jun 18An unknown buyer has announced to acquire Dongguan Leader Precision Industry Co., Ltd from Speed Tech Corp. (TPEX:5457) for CNY 25.243 million.An unknown buyer has announced to acquire Dongguan Leader Precision Industry Co., Ltd from Speed Tech Corp. (TPEX:5457) for CNY 25.243 million on June 16, 2022.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$61.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 1.7% over the past three years.
Reported Earnings • May 18First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.91 (down from NT$0.94 in 1Q 2021). Revenue: NT$4.33b (up 23% from 1Q 2021). Net income: NT$153.9m (down 2.5% from 1Q 2021). Profit margin: 3.6% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 11%, compared to a 9.9% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target decreased to NT$100.00Down from NT$161, the current price target is provided by 1 analyst. New target price is 86% above last closing price of NT$53.70. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$5.65 for next year compared to NT$5.11 last year.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Director Yi-Ling Yeh is the most experienced director on the board, commencing their role in 2013. Independent Director He-Bo Chan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 31Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$5.11 (up from NT$4.19 in FY 2020). Revenue: NT$18.6b (up 25% from FY 2020). Net income: NT$861.6m (up 22% from FY 2020). Profit margin: 4.6% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$18.0b to NT$18.8b. EPS estimate fell from NT$5.66 to NT$5.09 per share. Net income forecast to grow 9.0% next year vs 18% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$161 to NT$100.00. Share price was steady at NT$56.10 over the past week.
Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be NT$70.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% per annum over the last 3 years. Earnings per share has grown by 52% per annum over the last 3 years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.80 (vs NT$1.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.48b (up 35% from 3Q 2020). Net income: NT$303.6m (up 62% from 3Q 2020). Profit margin: 5.5% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$75.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$90.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.
Major Estimate Revision • Aug 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$19.1b to NT$17.2b. EPS estimate unchanged at NT$5.63 per share. Net income forecast to grow 67% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$161 unchanged from last update. Share price rose 2.4% to NT$75.40 over the past week.
Upcoming Dividend • Aug 19Upcoming dividend of NT$2.10 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.94 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$3.47b (flat on 2Q 2020). Net income: NT$172.1m (up 9.3% from 2Q 2020). Profit margin: 5.0% (up from 4.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$95.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 58% over the past three years.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years.
Executive Departure • May 25Supervisor has left the companyOn the 13th of May, Chiu-Tan Lin's tenure as Supervisor ended after 7.9 years in the role. We don't have any record of a personal shareholding under Chiu-Tan's name. Chiu-Tan is the only executive to leave the company over the last 12 months.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.85 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$3.52b (up 17% from 1Q 2020). Net income: NT$157.9m (up 11% from 1Q 2020). Profit margin: 4.5% (down from 4.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$57.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.
分析記事 • Apr 29Read This Before Buying Speed Tech Corp. (GTSM:5457) For Its DividendCould Speed Tech Corp. ( GTSM:5457 ) be an attractive dividend share to own for the long haul? Investors are often...
分析記事 • Apr 16Calculating The Fair Value Of Speed Tech Corp. (GTSM:5457)Today we will run through one way of estimating the intrinsic value of Speed Tech Corp. ( GTSM:5457 ) by taking the...
分析記事 • Apr 05What Does Speed Tech Corp.'s (GTSM:5457) Share Price Indicate?Speed Tech Corp. ( GTSM:5457 ), is not the largest company out there, but it saw a double-digit share price rise of...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$4.19 (vs NT$2.19 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$14.8b (up 32% from FY 2019). Net income: NT$704.0m (up 92% from FY 2019). Profit margin: 4.8% (up from 3.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 09These 4 Measures Indicate That Speed Tech (GTSM:5457) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Feb 23What Type Of Shareholders Own The Most Number of Speed Tech Corp. (GTSM:5457) Shares?The big shareholder groups in Speed Tech Corp. ( GTSM:5457 ) have power over the company. Generally speaking, as a...
分析記事 • Feb 04Speed Tech Corp.'s (GTSM:5457) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?It is hard to get excited after looking at Speed Tech's (GTSM:5457) recent performance, when its stock has declined 17...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$78.30, the stock is trading at a trailing P/E ratio of 21.1x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 61%.
Is New 90 Day High Low • Jan 29New 90-day low: NT$87.00The company is down 9.0% from its price of NT$96.00 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 30% over the same period.
分析記事 • Jan 17Is Speed Tech (GTSM:5457) The Next Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Dec 29Is Speed Tech Corp. (GTSM:5457) Potentially Undervalued?While Speed Tech Corp. ( GTSM:5457 ) might not be the most widely known stock at the moment, it received a lot of...
分析記事 • Nov 23Is Speed Tech (GTSM:5457) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.11The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$4.06b (up 20% from 3Q 2019). Net income: NT$187.0m (up 9.2% from 3Q 2019). Profit margin: 4.6% (down from 5.1% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 15% share price gain to NT$106, the stock is trading at a trailing P/E ratio of 29.1x, up from the previous P/E ratio of 25.2x. 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 110%.
Is New 90 Day High Low • Nov 02New 90-day low: NT$91.40The company is down 11% from its price of NT$103 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.