View ValuationGrandTech C.G. Systems 将来の成長Future 基準チェック /06 GrandTech C.G. Systemsは収益が増加すると予測されています。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長31.7%収益成長率3.4%将来の株主資本利益率8.01%アナリストカバレッジLow最終更新日12 Dec 2025今後の成長に関する最新情報Price Target Changed • Sep 04Price target decreased by 20% to NT$72.00Down from NT$90.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of NT$62.20. Stock is down 6.7% over the past year. The company posted earnings per share of NT$3.95 last year.Price Target Changed • Jun 06Price target increased by 17% to NT$88.00Up from NT$75.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$74.80. Stock is up 3.6% over the past year. The company posted earnings per share of NT$3.95 last year.すべての更新を表示Recent updatesReported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.73 (vs NT$3.65 in FY 2024)Full year 2025 results: EPS: NT$2.73 (down from NT$3.65 in FY 2024). Revenue: NT$5.06b (down 8.7% from FY 2024). Net income: NT$168.3m (down 26% from FY 2024). Profit margin: 3.3% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Mar 09GrandTech C.G. Systems Inc., Annual General Meeting, Jun 12, 2026GrandTech C.G. Systems Inc., Annual General Meeting, Jun 12, 2026. Location: 5 floor no,41 ln.76, jui kuang rd., neihu district, taipei city TaiwanUpcoming Dividend • Dec 17Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 24 December 2025. Payment date: 23 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.3%).Declared Dividend • Dec 03Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 24th December 2025 Payment date: 23rd January 2026 Dividend yield will be 8.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. However, EPS has declined by 7.3% over the last 5 years so the company would need to reverse this trend.New Risk • Nov 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$99.5m) 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 Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Market cap is less than US$100m (NT$3.11b market cap, or US$99.5m).Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.68 (vs NT$0.97 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.68 (down from NT$0.97 in 3Q 2024). Revenue: NT$1.47b (down 9.1% from 3Q 2024). Net income: NT$42.4m (down 29% from 3Q 2024). Profit margin: 2.9% (down from 3.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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 • Aug 16Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.89 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (down from NT$0.89 in 2Q 2024). Revenue: NT$1.17b (down 9.5% from 2Q 2024). Net income: NT$43.6m (down 21% from 2Q 2024). Profit margin: 3.7% (down from 4.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Jun 14GrandTech C.G. Systems Inc. Approves Board ElectionsGrandTech C.G. Systems Inc. at its AGM held on June 13, 2025, approved election of Mr. Jung-Kung Yang, Representative of the Director of Minerva Capital Inc., Mr. Tzu-Hua Chuang, Mr. Liu Yao-Yuan, Mr. Shigeki Komiyama as Directors, Mr. Lin De-Rui, Mr. Chen Wei-Yu, Ms. Chen Su-Lan as Independent Directors.Upcoming Dividend • Jun 09Upcoming dividend of NT$3.05 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 15 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).New Risk • May 15New major risk - Revenue and earnings growthEarnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 187% Earnings have declined by 1.3% per year over the past 5 years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.59 (vs NT$0.84 in 1Q 2024)First quarter 2025 results: EPS: NT$0.59 (down from NT$0.84 in 1Q 2024). Revenue: NT$1.27b (down 2.3% from 1Q 2024). Net income: NT$36.7m (down 30% from 1Q 2024). Profit margin: 2.9% (down from 4.0% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Declared Dividend • May 02Final dividend of NT$3.05 announcedShareholders will receive a dividend of NT$3.05. Ex-date: 16th June 2025 Payment date: 15th July 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio) nor is it covered by cash flows (224% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.お知らせ • May 01GrandTech C.G. Systems Inc. to Report Q1, 2025 Results on May 08, 2025GrandTech C.G. Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$49.05, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past three years.New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.4m) 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 224% Minor Risk Market cap is less than US$100m (NT$3.19b market cap, or US$96.4m).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$3.65 (vs NT$3.95 in FY 2023)Full year 2024 results: EPS: NT$3.65 (down from NT$3.95 in FY 2023). Revenue: NT$5.54b (up 6.3% from FY 2023). Net income: NT$226.4m (down 7.6% from FY 2023). Profit margin: 4.1% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Mar 12GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2025GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: no,28 ln.420, sec.5 ch`eng kung rd., neihu district, taipei city Taiwanお知らせ • Mar 01GrandTech C.G. Systems Inc. to Report Fiscal Year 2024 Results on Mar 07, 2025GrandTech C.G. Systems Inc. announced that they will report fiscal year 2024 results on Mar 07, 2025New Risk • Jan 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.30b (US$99.7m) 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 157% Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (NT$3.30b market cap, or US$99.7m).Upcoming Dividend • Dec 18Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 25 December 2024. Payment date: 22 January 2025. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.8%).New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Nov 22Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 25th December 2024 Payment date: 22nd January 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio) nor is it covered by cash flows (157% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.97 (vs NT$1.20 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.97 (down from NT$1.20 in 3Q 2023). Revenue: NT$1.61b (up 7.5% from 3Q 2023). Net income: NT$60.1m (down 19% from 3Q 2023). Profit margin: 3.7% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Nov 03Grandtech C.G. Systems Inc. Appoints Mao-Fa Wei as Chief Sustainability OfficerGrandTech C.G. Systems Inc. announced the appointment of Mao-Fa Wei, Director of the Company/President, as Chief Sustainability Officer, effective from November 1, 2024.お知らせ • Nov 02Grandtech C.G. Systems Inc. Approves the Establishment of the Sustainability CommitteeGrandTech C.G. Systems Inc. announced the Board of Directors of the Company approved the establishment of the Sustainability Committee and the appointment of members of the Committee. Name of the new position holder: Mao-Fa Wei/Director of the Company/President, Shu-zhen Huang/Deputy President, Xing-ji Lin/Associate. Reason for the change: Newly established. Effective date of the new member:2024/11/01.Buy Or Sell Opportunity • Oct 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to NT$60.70. The fair value is estimated to be NT$76.10, 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 8.4%.お知らせ • Oct 25GrandTech C.G. Systems Inc. to Report Q3, 2024 Results on Nov 01, 2024GrandTech C.G. Systems Inc. announced that they will report Q3, 2024 results on Nov 01, 2024Buy Or Sell Opportunity • Oct 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$60.10. The fair value is estimated to be NT$76.22, 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 8.4%.Buy Or Sell Opportunity • Sep 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to NT$60.90. The fair value is estimated to be NT$76.58, 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 8.4%.Buy Or Sell Opportunity • Sep 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$60.60. The fair value is estimated to be NT$76.90, 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 8.4%.Price Target Changed • Sep 04Price target decreased by 20% to NT$72.00Down from NT$90.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of NT$62.20. Stock is down 6.7% over the past year. The company posted earnings per share of NT$3.95 last year.Buy Or Sell Opportunity • Aug 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to NT$60.60. The fair value is estimated to be NT$76.26, 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 8.4%.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$1.10 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (down from NT$1.10 in 2Q 2023). Revenue: NT$1.29b (up 8.9% from 2Q 2023). Net income: NT$55.5m (down 19% from 2Q 2023). Profit margin: 4.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% 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 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Aug 02GrandTech C.G. Systems Inc. to Report Q2, 2024 Results on Aug 09, 2024GrandTech C.G. Systems Inc. announced that they will report Q2, 2024 results on Aug 09, 2024Buy Or Sell Opportunity • Jul 01Now 19% overvaluedOver the last 90 days, the stock has fallen 2.8% to NT$68.70. The fair value is estimated to be NT$57.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%.Buy Or Sell Opportunity • Jun 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.0% to NT$69.70. The fair value is estimated to be NT$57.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%.Upcoming Dividend • Jun 06Upcoming dividend of NT$2.90 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits and is paying out 89% of its cash flow. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).Price Target Changed • Jun 06Price target increased by 17% to NT$88.00Up from NT$75.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$74.80. Stock is up 3.6% over the past year. The company posted earnings per share of NT$3.95 last year.Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.84 (vs NT$1.00 in 1Q 2023)First quarter 2024 results: EPS: NT$0.84 (down from NT$1.00 in 1Q 2023). Revenue: NT$1.30b (up 5.3% from 1Q 2023). Net income: NT$52.2m (down 16% from 1Q 2023). Profit margin: 4.0% (down from 5.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Apr 28GrandTech C.G. Systems Inc. to Report Q1, 2024 Results on May 03, 2024GrandTech C.G. Systems Inc. announced that they will report Q1, 2024 results on May 03, 2024Reported Earnings • Mar 29Full year 2023 earnings released: EPS: NT$3.95 (vs NT$5.49 in FY 2022)Full year 2023 results: EPS: NT$3.95 (down from NT$5.49 in FY 2022). Revenue: NT$5.21b (down 1.4% from FY 2022). Net income: NT$245.1m (down 24% from FY 2022). Profit margin: 4.7% (down from 6.1% in FY 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 08GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2024GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2024. Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider report on the distribution of cash dividends from earnings in 2023; to consider report on remuneration to directors for 2023; to consider acknowledgment of the 2023 annual final accounting books and statements; and to consider other matters.Upcoming Dividend • Dec 18Upcoming dividend of NT$1.10 per share at 7.2% yieldEligible shareholders must have bought the stock before 25 December 2023. Payment date: 24 January 2024. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.0%).Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$1.20 (vs NT$1.60 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.20 (down from NT$1.60 in 3Q 2022). Revenue: NT$1.50b (down 2.2% from 3Q 2022). Net income: NT$74.4m (down 19% from 3Q 2022). Profit margin: 5.0% (down from 6.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.10 (vs NT$1.41 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.10 (down from NT$1.41 in 2Q 2022). Revenue: NT$1.18b (down 3.5% from 2Q 2022). Net income: NT$68.2m (down 16% from 2Q 2022). Profit margin: 5.8% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% 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 increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 07Upcoming dividend of NT$3.75 per share at 7.0% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 14 July 2023. Payout ratio and cash payout ratio are on the higher end at 95% and 79% respectively. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (4.3%).Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$5.49 (vs NT$4.87 in FY 2021)Full year 2022 results: EPS: NT$5.49 (up from NT$4.87 in FY 2021). Revenue: NT$5.29b (up 7.1% from FY 2021). Net income: NT$320.2m (up 14% from FY 2021). Profit margin: 6.1% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 13Upcoming dividend of NT$1.25 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 18 January 2023. Payout ratio and cash payout ratio are on the higher end at 86% and 92% respectively. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.5%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Thu-Hua Liu 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. Insufficient board refreshment.Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$1.60 (vs NT$1.41 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.60 (up from NT$1.41 in 3Q 2021). Revenue: NT$1.54b (up 33% from 3Q 2021). Net income: NT$92.1m (up 13% from 3Q 2021). Profit margin: 6.0% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$1.41 (vs NT$1.21 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.41 (up from NT$1.21 in 2Q 2021). Revenue: NT$1.23b (down 2.5% from 2Q 2021). Net income: NT$81.0m (up 17% from 2Q 2021). Profit margin: 6.6% (up from 5.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$1.11 (vs NT$1.06 in 1Q 2021)First quarter 2022 results: EPS: NT$1.11 (up from NT$1.06 in 1Q 2021). Revenue: NT$1.16b (down 22% from 1Q 2021). Net income: NT$64.2m (up 5.5% from 1Q 2021). Profit margin: 5.5% (up from 4.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Philip Chen is the most experienced director on the board, commencing their role in 2019. Independent Director Thu-Hua Liu 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 07Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$4.87 (up from NT$4.25 in FY 2020). Revenue: NT$4.94b (down 2.2% from FY 2020). Net income: NT$279.9m (up 15% from FY 2020). Profit margin: 5.7% (up from 4.8% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 06GrandTech C.G. Systems Inc., Annual General Meeting, Jun 10, 2022GrandTech C.G. Systems Inc., Annual General Meeting, Jun 10, 2022.Upcoming Dividend • Dec 09Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 16 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.41 (vs NT$1.38 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$1.16b (down 18% from 3Q 2020). Net income: NT$81.3m (up 3.3% from 3Q 2020). Profit margin: 7.0% (up from 5.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.21 (vs NT$0.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.26b (up 22% from 2Q 2020). Net income: NT$69.6m (up 37% from 2Q 2020). Profit margin: 5.5% (up from 4.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 04Upcoming dividend of NT$2.98 per shareEligible shareholders must have bought the stock before 11 June 2021. Payment date: 09 July 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.06 (vs NT$0.74 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$1.50b (up 50% from 1Q 2020). Net income: NT$60.8m (up 44% from 1Q 2020). Profit margin: 4.1% (down from 4.2% 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 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.分析記事 • Apr 18Why The 24% Return On Capital At GrandTech C.G. Systems (GTSM:6123) Should Have Your AttentionTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$4.25 (vs NT$3.70 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.05b (down 4.0% from FY 2019). Net income: NT$243.0m (up 15% from FY 2019). Profit margin: 4.8% (up from 4.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 12Is GrandTech C.G. Systems (GTSM:6123) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Mar 09GrandTech C.G. Systems Inc., Annual General Meeting, Jun 11, 2021GrandTech C.G. Systems Inc., Annual General Meeting, Jun 11, 2021.Reported Earnings • Mar 06Full year 2020 earnings released: EPS NT$4.25 (vs NT$3.70 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.05b (down 4.0% from FY 2019). Net income: NT$243.0m (up 15% from FY 2019). Profit margin: 4.8% (up from 4.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.分析記事 • Feb 23What To Know Before Buying GrandTech C.G. Systems Inc. (GTSM:6123) For Its DividendIs GrandTech C.G. Systems Inc. ( GTSM:6123 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Feb 18New 90-day high: NT$42.70The company is up 11% from its price of NT$38.60 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.分析記事 • Feb 04GrandTech C.G. Systems (GTSM:6123) Has Gifted Shareholders With A Fantastic 149% Total Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...分析記事 • Jan 18Is GrandTech C.G. Systems (GTSM:6123) The Next Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Is New 90 Day High Low • Jan 11New 90-day high: NT$41.60The company is up 10.0% from its price of NT$37.80 on 14 October 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 24% over the same period.分析記事 • Dec 30GrandTech C.G. Systems Inc.'s (GTSM:6123) Stock Is Going Strong: Is the Market Following Fundamentals?GrandTech C.G. Systems (GTSM:6123) has had a great run on the share market with its stock up by a significant 12% over...分析記事 • Dec 12Read This Before Considering GrandTech C.G. Systems Inc. (GTSM:6123) For Its Upcoming NT$1.00 DividendReaders hoping to buy GrandTech C.G. Systems Inc. ( GTSM:6123 ) for its dividend will need to make their move shortly...分析記事 • Nov 24We Think GrandTech C.G. Systems (GTSM:6123) Can Manage Its Debt With EaseHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$1.38The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.41b (down 7.9% from 3Q 2019). Net income: NT$78.7m (up 31% from 3Q 2019). Profit margin: 5.6% (up from 3.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Sep 18New 90-day low: NT$39.00The company is down 3.0% from its price of NT$40.20 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.業績と収益の成長予測TPEX:6123 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20275,417N/AN/A238112/31/20265,158N/AN/A245112/31/20255,058168500504N/A9/30/20255,239181336339N/A6/30/20255,386199339342N/A3/31/20255,508211134137N/A12/31/20245,538226112115N/A9/30/20245,495208158160N/A6/30/20245,382223276287N/A3/31/20245,276235347359N/A12/31/20235,210245325337N/A9/30/20235,284288321329N/A6/30/20235,318305327328N/A3/31/20235,361318340345N/A12/31/20225,287320213223N/A9/30/20224,950306282207N/A6/30/20224,572295432411N/A3/31/20224,604283677687N/A12/31/20214,936280620636N/A9/30/20215,520283498612N/A6/30/20215,775281241316N/A3/31/20215,547262119172N/A12/31/20205,049243304347N/A9/30/20205,022247302338N/A6/30/20205,143228440462N/A3/31/20205,191213310369N/A12/31/20195,257212436496N/A9/30/20195,361201N/A279N/A6/30/20195,575197N/A338N/A3/31/20195,427209N/A256N/A12/31/20185,226203N/A116N/A9/30/20184,601198N/A292N/A6/30/20184,029199N/A224N/A3/31/20183,975194N/A278N/A12/31/20174,229172N/A210N/A9/30/20174,672156N/A410N/A6/30/20174,914137N/A182N/A3/31/20175,256126N/A215N/A12/31/20165,366168N/A272N/A9/30/20164,947173N/A203N/A6/30/20164,534183N/A330N/A3/31/20164,250176N/A421N/A12/31/20153,754122N/A254N/A9/30/20153,72795N/A289N/A6/30/20153,74183N/A335N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6123の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 6123の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 6123の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 6123の収益 ( 3.4% ) TW市場 ( 18.2% ) よりも低い成長が予測されています。高い収益成長: 6123の収益 ( 3.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6123の 自己資本利益率 は、3年後には低くなると予測されています ( 8 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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2026/05/07 19:12終値2026/05/07 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GrandTech C.G. Systems Inc. 1 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Zhizhong ChenCapital Securities CorporationHsiming HuangSinoPac Securities Investment Service
Price Target Changed • Sep 04Price target decreased by 20% to NT$72.00Down from NT$90.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of NT$62.20. Stock is down 6.7% over the past year. The company posted earnings per share of NT$3.95 last year.
Price Target Changed • Jun 06Price target increased by 17% to NT$88.00Up from NT$75.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$74.80. Stock is up 3.6% over the past year. The company posted earnings per share of NT$3.95 last year.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.73 (vs NT$3.65 in FY 2024)Full year 2025 results: EPS: NT$2.73 (down from NT$3.65 in FY 2024). Revenue: NT$5.06b (down 8.7% from FY 2024). Net income: NT$168.3m (down 26% from FY 2024). Profit margin: 3.3% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 09GrandTech C.G. Systems Inc., Annual General Meeting, Jun 12, 2026GrandTech C.G. Systems Inc., Annual General Meeting, Jun 12, 2026. Location: 5 floor no,41 ln.76, jui kuang rd., neihu district, taipei city Taiwan
Upcoming Dividend • Dec 17Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 24 December 2025. Payment date: 23 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.3%).
Declared Dividend • Dec 03Dividend of NT$1.00 announcedDividend of NT$1.00 is the same as last year. Ex-date: 24th December 2025 Payment date: 23rd January 2026 Dividend yield will be 8.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. However, EPS has declined by 7.3% over the last 5 years so the company would need to reverse this trend.
New Risk • Nov 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$99.5m) 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 Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Market cap is less than US$100m (NT$3.11b market cap, or US$99.5m).
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.68 (vs NT$0.97 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.68 (down from NT$0.97 in 3Q 2024). Revenue: NT$1.47b (down 9.1% from 3Q 2024). Net income: NT$42.4m (down 29% from 3Q 2024). Profit margin: 2.9% (down from 3.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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 • Aug 16Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.89 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (down from NT$0.89 in 2Q 2024). Revenue: NT$1.17b (down 9.5% from 2Q 2024). Net income: NT$43.6m (down 21% from 2Q 2024). Profit margin: 3.7% (down from 4.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 14GrandTech C.G. Systems Inc. Approves Board ElectionsGrandTech C.G. Systems Inc. at its AGM held on June 13, 2025, approved election of Mr. Jung-Kung Yang, Representative of the Director of Minerva Capital Inc., Mr. Tzu-Hua Chuang, Mr. Liu Yao-Yuan, Mr. Shigeki Komiyama as Directors, Mr. Lin De-Rui, Mr. Chen Wei-Yu, Ms. Chen Su-Lan as Independent Directors.
Upcoming Dividend • Jun 09Upcoming dividend of NT$3.05 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 15 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).
New Risk • May 15New major risk - Revenue and earnings growthEarnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 187% Earnings have declined by 1.3% per year over the past 5 years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.59 (vs NT$0.84 in 1Q 2024)First quarter 2025 results: EPS: NT$0.59 (down from NT$0.84 in 1Q 2024). Revenue: NT$1.27b (down 2.3% from 1Q 2024). Net income: NT$36.7m (down 30% from 1Q 2024). Profit margin: 2.9% (down from 4.0% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Declared Dividend • May 02Final dividend of NT$3.05 announcedShareholders will receive a dividend of NT$3.05. Ex-date: 16th June 2025 Payment date: 15th July 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio) nor is it covered by cash flows (224% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
お知らせ • May 01GrandTech C.G. Systems Inc. to Report Q1, 2025 Results on May 08, 2025GrandTech C.G. Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$49.05, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past three years.
New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.4m) 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 224% Minor Risk Market cap is less than US$100m (NT$3.19b market cap, or US$96.4m).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$3.65 (vs NT$3.95 in FY 2023)Full year 2024 results: EPS: NT$3.65 (down from NT$3.95 in FY 2023). Revenue: NT$5.54b (up 6.3% from FY 2023). Net income: NT$226.4m (down 7.6% from FY 2023). Profit margin: 4.1% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Mar 12GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2025GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: no,28 ln.420, sec.5 ch`eng kung rd., neihu district, taipei city Taiwan
お知らせ • Mar 01GrandTech C.G. Systems Inc. to Report Fiscal Year 2024 Results on Mar 07, 2025GrandTech C.G. Systems Inc. announced that they will report fiscal year 2024 results on Mar 07, 2025
New Risk • Jan 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.30b (US$99.7m) 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Cash payout ratio: 157% Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (NT$3.30b market cap, or US$99.7m).
Upcoming Dividend • Dec 18Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 25 December 2024. Payment date: 22 January 2025. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.8%).
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Nov 22Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 25th December 2024 Payment date: 22nd January 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio) nor is it covered by cash flows (157% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.97 (vs NT$1.20 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.97 (down from NT$1.20 in 3Q 2023). Revenue: NT$1.61b (up 7.5% from 3Q 2023). Net income: NT$60.1m (down 19% from 3Q 2023). Profit margin: 3.7% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Nov 03Grandtech C.G. Systems Inc. Appoints Mao-Fa Wei as Chief Sustainability OfficerGrandTech C.G. Systems Inc. announced the appointment of Mao-Fa Wei, Director of the Company/President, as Chief Sustainability Officer, effective from November 1, 2024.
お知らせ • Nov 02Grandtech C.G. Systems Inc. Approves the Establishment of the Sustainability CommitteeGrandTech C.G. Systems Inc. announced the Board of Directors of the Company approved the establishment of the Sustainability Committee and the appointment of members of the Committee. Name of the new position holder: Mao-Fa Wei/Director of the Company/President, Shu-zhen Huang/Deputy President, Xing-ji Lin/Associate. Reason for the change: Newly established. Effective date of the new member:2024/11/01.
Buy Or Sell Opportunity • Oct 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to NT$60.70. The fair value is estimated to be NT$76.10, 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 8.4%.
お知らせ • Oct 25GrandTech C.G. Systems Inc. to Report Q3, 2024 Results on Nov 01, 2024GrandTech C.G. Systems Inc. announced that they will report Q3, 2024 results on Nov 01, 2024
Buy Or Sell Opportunity • Oct 11Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$60.10. The fair value is estimated to be NT$76.22, 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 8.4%.
Buy Or Sell Opportunity • Sep 20Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to NT$60.90. The fair value is estimated to be NT$76.58, 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 8.4%.
Buy Or Sell Opportunity • Sep 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$60.60. The fair value is estimated to be NT$76.90, 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 8.4%.
Price Target Changed • Sep 04Price target decreased by 20% to NT$72.00Down from NT$90.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of NT$62.20. Stock is down 6.7% over the past year. The company posted earnings per share of NT$3.95 last year.
Buy Or Sell Opportunity • Aug 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to NT$60.60. The fair value is estimated to be NT$76.26, 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 8.4%.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$1.10 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (down from NT$1.10 in 2Q 2023). Revenue: NT$1.29b (up 8.9% from 2Q 2023). Net income: NT$55.5m (down 19% from 2Q 2023). Profit margin: 4.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% 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 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Aug 02GrandTech C.G. Systems Inc. to Report Q2, 2024 Results on Aug 09, 2024GrandTech C.G. Systems Inc. announced that they will report Q2, 2024 results on Aug 09, 2024
Buy Or Sell Opportunity • Jul 01Now 19% overvaluedOver the last 90 days, the stock has fallen 2.8% to NT$68.70. The fair value is estimated to be NT$57.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%.
Buy Or Sell Opportunity • Jun 14Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.0% to NT$69.70. The fair value is estimated to be NT$57.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%.
Upcoming Dividend • Jun 06Upcoming dividend of NT$2.90 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits and is paying out 89% of its cash flow. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).
Price Target Changed • Jun 06Price target increased by 17% to NT$88.00Up from NT$75.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$74.80. Stock is up 3.6% over the past year. The company posted earnings per share of NT$3.95 last year.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.84 (vs NT$1.00 in 1Q 2023)First quarter 2024 results: EPS: NT$0.84 (down from NT$1.00 in 1Q 2023). Revenue: NT$1.30b (up 5.3% from 1Q 2023). Net income: NT$52.2m (down 16% from 1Q 2023). Profit margin: 4.0% (down from 5.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Apr 28GrandTech C.G. Systems Inc. to Report Q1, 2024 Results on May 03, 2024GrandTech C.G. Systems Inc. announced that they will report Q1, 2024 results on May 03, 2024
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: NT$3.95 (vs NT$5.49 in FY 2022)Full year 2023 results: EPS: NT$3.95 (down from NT$5.49 in FY 2022). Revenue: NT$5.21b (down 1.4% from FY 2022). Net income: NT$245.1m (down 24% from FY 2022). Profit margin: 4.7% (down from 6.1% in FY 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 08GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2024GrandTech C.G. Systems Inc., Annual General Meeting, Jun 13, 2024. Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider report on the distribution of cash dividends from earnings in 2023; to consider report on remuneration to directors for 2023; to consider acknowledgment of the 2023 annual final accounting books and statements; and to consider other matters.
Upcoming Dividend • Dec 18Upcoming dividend of NT$1.10 per share at 7.2% yieldEligible shareholders must have bought the stock before 25 December 2023. Payment date: 24 January 2024. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (4.0%).
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$1.20 (vs NT$1.60 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.20 (down from NT$1.60 in 3Q 2022). Revenue: NT$1.50b (down 2.2% from 3Q 2022). Net income: NT$74.4m (down 19% from 3Q 2022). Profit margin: 5.0% (down from 6.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.10 (vs NT$1.41 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.10 (down from NT$1.41 in 2Q 2022). Revenue: NT$1.18b (down 3.5% from 2Q 2022). Net income: NT$68.2m (down 16% from 2Q 2022). Profit margin: 5.8% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% 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 increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 07Upcoming dividend of NT$3.75 per share at 7.0% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 14 July 2023. Payout ratio and cash payout ratio are on the higher end at 95% and 79% respectively. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (4.3%).
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: NT$5.49 (vs NT$4.87 in FY 2021)Full year 2022 results: EPS: NT$5.49 (up from NT$4.87 in FY 2021). Revenue: NT$5.29b (up 7.1% from FY 2021). Net income: NT$320.2m (up 14% from FY 2021). Profit margin: 6.1% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 13Upcoming dividend of NT$1.25 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 18 January 2023. Payout ratio and cash payout ratio are on the higher end at 86% and 92% respectively. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.5%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Thu-Hua Liu 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. Insufficient board refreshment.
Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$1.60 (vs NT$1.41 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.60 (up from NT$1.41 in 3Q 2021). Revenue: NT$1.54b (up 33% from 3Q 2021). Net income: NT$92.1m (up 13% from 3Q 2021). Profit margin: 6.0% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$1.41 (vs NT$1.21 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.41 (up from NT$1.21 in 2Q 2021). Revenue: NT$1.23b (down 2.5% from 2Q 2021). Net income: NT$81.0m (up 17% from 2Q 2021). Profit margin: 6.6% (up from 5.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year.
Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).
Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$1.11 (vs NT$1.06 in 1Q 2021)First quarter 2022 results: EPS: NT$1.11 (up from NT$1.06 in 1Q 2021). Revenue: NT$1.16b (down 22% from 1Q 2021). Net income: NT$64.2m (up 5.5% from 1Q 2021). Profit margin: 5.5% (up from 4.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Philip Chen is the most experienced director on the board, commencing their role in 2019. Independent Director Thu-Hua Liu 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 07Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: NT$4.87 (up from NT$4.25 in FY 2020). Revenue: NT$4.94b (down 2.2% from FY 2020). Net income: NT$279.9m (up 15% from FY 2020). Profit margin: 5.7% (up from 4.8% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 06GrandTech C.G. Systems Inc., Annual General Meeting, Jun 10, 2022GrandTech C.G. Systems Inc., Annual General Meeting, Jun 10, 2022.
Upcoming Dividend • Dec 09Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 16 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.41 (vs NT$1.38 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$1.16b (down 18% from 3Q 2020). Net income: NT$81.3m (up 3.3% from 3Q 2020). Profit margin: 7.0% (up from 5.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.21 (vs NT$0.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.26b (up 22% from 2Q 2020). Net income: NT$69.6m (up 37% from 2Q 2020). Profit margin: 5.5% (up from 4.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 04Upcoming dividend of NT$2.98 per shareEligible shareholders must have bought the stock before 11 June 2021. Payment date: 09 July 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.06 (vs NT$0.74 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$1.50b (up 50% from 1Q 2020). Net income: NT$60.8m (up 44% from 1Q 2020). Profit margin: 4.1% (down from 4.2% 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 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
分析記事 • Apr 18Why The 24% Return On Capital At GrandTech C.G. Systems (GTSM:6123) Should Have Your AttentionTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$4.25 (vs NT$3.70 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.05b (down 4.0% from FY 2019). Net income: NT$243.0m (up 15% from FY 2019). Profit margin: 4.8% (up from 4.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 12Is GrandTech C.G. Systems (GTSM:6123) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Mar 09GrandTech C.G. Systems Inc., Annual General Meeting, Jun 11, 2021GrandTech C.G. Systems Inc., Annual General Meeting, Jun 11, 2021.
Reported Earnings • Mar 06Full year 2020 earnings released: EPS NT$4.25 (vs NT$3.70 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.05b (down 4.0% from FY 2019). Net income: NT$243.0m (up 15% from FY 2019). Profit margin: 4.8% (up from 4.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
分析記事 • Feb 23What To Know Before Buying GrandTech C.G. Systems Inc. (GTSM:6123) For Its DividendIs GrandTech C.G. Systems Inc. ( GTSM:6123 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Feb 18New 90-day high: NT$42.70The company is up 11% from its price of NT$38.60 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.
分析記事 • Feb 04GrandTech C.G. Systems (GTSM:6123) Has Gifted Shareholders With A Fantastic 149% Total Return On Their InvestmentWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
分析記事 • Jan 18Is GrandTech C.G. Systems (GTSM:6123) The Next Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Is New 90 Day High Low • Jan 11New 90-day high: NT$41.60The company is up 10.0% from its price of NT$37.80 on 14 October 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 24% over the same period.
分析記事 • Dec 30GrandTech C.G. Systems Inc.'s (GTSM:6123) Stock Is Going Strong: Is the Market Following Fundamentals?GrandTech C.G. Systems (GTSM:6123) has had a great run on the share market with its stock up by a significant 12% over...
分析記事 • Dec 12Read This Before Considering GrandTech C.G. Systems Inc. (GTSM:6123) For Its Upcoming NT$1.00 DividendReaders hoping to buy GrandTech C.G. Systems Inc. ( GTSM:6123 ) for its dividend will need to make their move shortly...
分析記事 • Nov 24We Think GrandTech C.G. Systems (GTSM:6123) Can Manage Its Debt With EaseHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$1.38The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.41b (down 7.9% from 3Q 2019). Net income: NT$78.7m (up 31% from 3Q 2019). Profit margin: 5.6% (up from 3.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Sep 18New 90-day low: NT$39.00The company is down 3.0% from its price of NT$40.20 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.