View Future GrowthTUL 過去の業績過去 基準チェック /26TULの収益は年間平均-49.9%の割合で減少していますが、 Tech業界の収益は年間 増加しています。収益は年間4.2% 1%割合で 減少しています。 TULの自己資本利益率は7.9%であり、純利益率は1.7%です。主要情報-49.92%収益成長率-50.87%EPS成長率Tech 業界の成長14.00%収益成長率-0.96%株主資本利益率7.94%ネット・マージン1.68%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.63 (vs NT$4.10 loss in FY 2024)Full year 2025 results: EPS: NT$2.63 (up from NT$4.10 loss in FY 2024). Revenue: NT$7.57b (up 61% from FY 2024). Net income: NT$127.4m (up NT$325.4m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.06 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.53 (up from NT$1.06 loss in 3Q 2024). Revenue: NT$1.87b (up 134% from 3Q 2024). Net income: NT$25.8m (up NT$77.0m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.88 (vs NT$1.01 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.88 (up from NT$1.01 loss in 2Q 2024). Revenue: NT$2.14b (up 98% from 2Q 2024). Net income: NT$42.4m (up NT$91.2m from 2Q 2024). Profit margin: 2.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.68 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.68 loss in 1Q 2024). Revenue: NT$1.68b (up 27% from 1Q 2024). Net income: NT$6.52m (up NT$39.4m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 20Full year 2024 earnings released: NT$4.10 loss per share (vs NT$2.84 loss in FY 2023)Full year 2024 results: NT$4.10 loss per share (further deteriorated from NT$2.84 loss in FY 2023). Revenue: NT$4.70b (down 13% from FY 2023). Net loss: NT$198.0m (loss widened 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.06 loss per share (vs NT$0.56 loss in 3Q 2023)Third quarter 2024 results: NT$1.06 loss per share (further deteriorated from NT$0.56 loss in 3Q 2023). Revenue: NT$801.6m (down 37% from 3Q 2023). Net loss: NT$51.1m (loss widened 87% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$66.00, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 6.3% over the past three years.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.63 (vs NT$4.10 loss in FY 2024)Full year 2025 results: EPS: NT$2.63 (up from NT$4.10 loss in FY 2024). Revenue: NT$7.57b (up 61% from FY 2024). Net income: NT$127.4m (up NT$325.4m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Mar 13TUL Corporation, Annual General Meeting, Jun 15, 2026TUL Corporation, Annual General Meeting, Jun 15, 2026. Location: 1 floor no,431, pao ch`ang rd., sijhih district, new taipei city TaiwanNew Risk • Nov 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$96.3m) 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Market cap is less than US$100m (NT$3.03b market cap, or US$96.3m).New Risk • Nov 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.06 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.53 (up from NT$1.06 loss in 3Q 2024). Revenue: NT$1.87b (up 134% from 3Q 2024). Net income: NT$25.8m (up NT$77.0m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.88 (vs NT$1.01 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.88 (up from NT$1.01 loss in 2Q 2024). Revenue: NT$2.14b (up 98% from 2Q 2024). Net income: NT$42.4m (up NT$91.2m from 2Q 2024). Profit margin: 2.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.68 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.68 loss in 1Q 2024). Revenue: NT$1.68b (up 27% from 1Q 2024). Net income: NT$6.52m (up NT$39.4m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.New Risk • Mar 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$94.8m) 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 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.15b market cap, or US$94.8m).Board Change • Mar 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kung-Jeng Wang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 20Full year 2024 earnings released: NT$4.10 loss per share (vs NT$2.84 loss in FY 2023)Full year 2024 results: NT$4.10 loss per share (further deteriorated from NT$2.84 loss in FY 2023). Revenue: NT$4.70b (down 13% from FY 2023). Net loss: NT$198.0m (loss widened 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.お知らせ • Mar 14TUL Corporation, Annual General Meeting, Jun 20, 2025TUL Corporation, Annual General Meeting, Jun 20, 2025. Location: 1 floor no,431, pao ch`ang rd., sijhih district, new taipei city TaiwanNew Risk • Jan 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.0m) 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 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$3.26b market cap, or US$99.0m).Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.06 loss per share (vs NT$0.56 loss in 3Q 2023)Third quarter 2024 results: NT$1.06 loss per share (further deteriorated from NT$0.56 loss in 3Q 2023). Revenue: NT$801.6m (down 37% from 3Q 2023). Net loss: NT$51.1m (loss widened 87% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$1.01 loss per share (vs NT$0.87 loss in 2Q 2023)Second quarter 2024 results: NT$1.01 loss per share (further deteriorated from NT$0.87 loss in 2Q 2023). Revenue: NT$1.08b (up 3.5% from 2Q 2023). Net loss: NT$48.8m (loss widened 17% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$98.1m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (NT$3.20b market cap, or US$98.1m).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.68 loss per share (vs NT$0.059 loss in 1Q 2023)First quarter 2024 results: NT$0.68 loss per share (further deteriorated from NT$0.059 loss in 1Q 2023). Revenue: NT$1.32b (flat on 1Q 2023). Net loss: NT$32.9m (loss widened NT$30.1m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.お知らせ • Mar 19TUL Corporation, Annual General Meeting, Jun 13, 2024TUL Corporation, Annual General Meeting, Jun 13, 2024.Reported Earnings • Mar 19Full year 2023 earnings released: NT$2.84 loss per share (vs NT$1.79 loss in FY 2022)Full year 2023 results: NT$2.84 loss per share (further deteriorated from NT$1.79 loss in FY 2022). Revenue: NT$5.41b (up 9.8% from FY 2022). Net loss: NT$137.3m (loss widened 59% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.56 loss per share (vs NT$2.80 loss in 3Q 2022)Third quarter 2023 results: NT$0.56 loss per share (improved from NT$2.80 loss in 3Q 2022). Revenue: NT$1.27b (up 118% from 3Q 2022). Net loss: NT$27.3m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Aug 05Second quarter 2023 earnings released: NT$0.87 loss per share (vs NT$1.08 loss in 2Q 2022)Second quarter 2023 results: NT$0.87 loss per share (improved from NT$1.08 loss in 2Q 2022). Revenue: NT$1.05b (up 12% from 2Q 2022). Net loss: NT$41.9m (loss narrowed 20% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Buying Opportunity • Jul 28Now 20% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be NT$122, 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. Meanwhile, the company became loss making.New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).Reported Earnings • Mar 29Full year 2022 earnings released: NT$1.78 loss per share (vs NT$24.00 profit in FY 2021)Full year 2022 results: NT$1.78 loss per share (down from NT$24.00 profit in FY 2021). Revenue: NT$4.93b (down 44% from FY 2021). Net loss: NT$86.3m (down 108% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 50% over the past three years.Reported Earnings • Nov 06Third quarter 2022 earnings released: NT$2.80 loss per share (vs NT$3.93 profit in 3Q 2021)Third quarter 2022 results: NT$2.80 loss per share (down from NT$3.93 profit in 3Q 2021). Revenue: NT$581.0m (down 70% from 3Q 2021). Net loss: NT$135.2m (down 177% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$44.25, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 20% over the past three years.Reported Earnings • Aug 06Second quarter 2022 earnings released: NT$1.08 loss per share (vs NT$7.19 profit in 2Q 2021)Second quarter 2022 results: NT$1.08 loss per share (down from NT$7.19 profit in 2Q 2021). Revenue: NT$938.7m (down 54% from 2Q 2021). Net loss: NT$52.1m (down 116% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$69.60, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 6.3% over the past three years.Upcoming Dividend • Jul 06Upcoming dividend of NT$11.00 per shareEligible shareholders must have bought the stock before 13 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (7.6%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$69.00, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 13% over the past three years.Reported Earnings • May 02First quarter 2022 earnings released: EPS: NT$3.38 (vs NT$3.04 in 1Q 2021)First quarter 2022 results: EPS: NT$3.38 (up from NT$3.04 in 1Q 2021). Revenue: NT$2.20b (up 60% from 1Q 2021). Net income: NT$162.9m (up 20% from 1Q 2021). Profit margin: 7.4% (down from 9.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$120, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Mar 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$24.00 (up from NT$0.77 in FY 2020). Revenue: NT$8.79b (up 133% from FY 2020). Net income: NT$1.08b (up NT$1.05b from FY 2020). Profit margin: 12% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$192, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 309% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$3.93 (vs NT$0.61 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.95b (up 73% from 3Q 2020). Net income: NT$176.2m (up NT$151.4m from 3Q 2020). Profit margin: 9.0% (up from 2.2% 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 54% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$169, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 241% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$7.19 (vs NT$0.091 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.02b (up 163% from 2Q 2020). Net income: NT$322.8m (up NT$325.9m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$163, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 36% over the past three years.Upcoming Dividend • Aug 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 06 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (5.2%).Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$143, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 44% over the past three years.Valuation Update With 7 Day Price Move • May 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$155, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 27% over the past three years.Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$189, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 25% over the past three years.Reported Earnings • May 01First quarter 2021 earnings released: EPS NT$3.04 (vs NT$0.69 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.38b (up 138% from 1Q 2020). Net income: NT$136.3m (up NT$159.1m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.分析記事 • Apr 29These 4 Measures Indicate That TUL (GTSM:6150) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Mar 24TUL's (GTSM:6150) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that TUL Corporation's ( GTSM:6150 ) strong earnings didn't offer any...Reported Earnings • Mar 19Full year 2020 earnings released: EPS NT$0.77 (vs NT$2.44 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.78b (up 25% from FY 2019). Net income: NT$29.2m (up NT$110.3m from FY 2019). Profit margin: 0.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.分析記事 • Mar 16TUL (GTSM:6150) Has Rewarded Shareholders With An Exceptional 920% Total Return On Their InvestmentBuying shares in the best businesses can build meaningful wealth for you and your family. While not every stock...分析記事 • Jan 20Is TUL (GTSM:6150) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Dec 24New 90-day high: NT$136The company is up 177% from its price of NT$49.00 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 7.0% over the same period.Is New 90 Day High Low • Dec 05New 90-day high: NT$112The company is up 114% from its price of NT$52.10 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 1.0% over the same period.Is New 90 Day High Low • Nov 06New 90-day high: NT$60.70The company is up 27% from its price of NT$47.90 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 4.0% over the same period.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.61The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.13b (up 34% from 3Q 2019). Net income: NT$24.8m (up NT$30.7m from 3Q 2019). Profit margin: 2.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 85% 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.収支内訳TUL の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:6150 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Dec 257,5701273695630 Sep 257,187103455730 Jun 256,115-673385431 Mar 255,054-1593365431 Dec 244,696-1983355030 Sep 244,986-1983285130 Jun 245,452-1743274931 Mar 245,415-1673164731 Dec 235,412-1372934730 Sep 234,835-1342784430 Jun 234,148-2422424631 Mar 234,041-2522234431 Dec 224,927-862544930 Sep 227,1614243436130 Jun 228,5327363946331 Mar 229,6141,1114536931 Dec 218,7911,0844356930 Sep 216,6536663305830 Jun 215,8275142815631 Mar 214,5761882105031 Dec 203,776291844830 Sep 203,319-231794530 Jun 203,031-541844731 Mar 203,046-881934831 Dec 193,025-811694630 Sep 192,550-1991564030 Jun 192,178-2381653631 Mar 192,637-1891623331 Dec 185,0711352294830 Sep 186,3803682565330 Jun 187,3365812455331 Mar 187,0586002375131 Dec 174,5432531753530 Sep 173,5631571493830 Jun 172,825-81334431 Mar 172,478-321304731 Dec 162,509131244630 Sep 162,316-591964530 Jun 162,182-872034031 Mar 162,245-2082823731 Dec 152,486-2292953430 Sep 152,650-1922373130 Jun 152,865-21523830質の高い収益: 6150は 高品質の収益 を持っています。利益率の向上: 6150過去に利益を上げました。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6150の収益は過去 5 年間で年間49.9%減少しました。成長の加速: 6150は昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: 6150昨年収益を上げたため、昨年の収益成長をTech業界 ( -3.1% ) と比較することは困難です。株主資本利益率高いROE: 6150の 自己資本利益率 ( 7.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 10:40終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TUL Corporation 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。0
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.63 (vs NT$4.10 loss in FY 2024)Full year 2025 results: EPS: NT$2.63 (up from NT$4.10 loss in FY 2024). Revenue: NT$7.57b (up 61% from FY 2024). Net income: NT$127.4m (up NT$325.4m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.06 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.53 (up from NT$1.06 loss in 3Q 2024). Revenue: NT$1.87b (up 134% from 3Q 2024). Net income: NT$25.8m (up NT$77.0m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.88 (vs NT$1.01 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.88 (up from NT$1.01 loss in 2Q 2024). Revenue: NT$2.14b (up 98% from 2Q 2024). Net income: NT$42.4m (up NT$91.2m from 2Q 2024). Profit margin: 2.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.68 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.68 loss in 1Q 2024). Revenue: NT$1.68b (up 27% from 1Q 2024). Net income: NT$6.52m (up NT$39.4m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 20Full year 2024 earnings released: NT$4.10 loss per share (vs NT$2.84 loss in FY 2023)Full year 2024 results: NT$4.10 loss per share (further deteriorated from NT$2.84 loss in FY 2023). Revenue: NT$4.70b (down 13% from FY 2023). Net loss: NT$198.0m (loss widened 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.06 loss per share (vs NT$0.56 loss in 3Q 2023)Third quarter 2024 results: NT$1.06 loss per share (further deteriorated from NT$0.56 loss in 3Q 2023). Revenue: NT$801.6m (down 37% from 3Q 2023). Net loss: NT$51.1m (loss widened 87% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$66.00, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 6.3% over the past three years.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$2.63 (vs NT$4.10 loss in FY 2024)Full year 2025 results: EPS: NT$2.63 (up from NT$4.10 loss in FY 2024). Revenue: NT$7.57b (up 61% from FY 2024). Net income: NT$127.4m (up NT$325.4m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Mar 13TUL Corporation, Annual General Meeting, Jun 15, 2026TUL Corporation, Annual General Meeting, Jun 15, 2026. Location: 1 floor no,431, pao ch`ang rd., sijhih district, new taipei city Taiwan
New Risk • Nov 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$96.3m) 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Market cap is less than US$100m (NT$3.03b market cap, or US$96.3m).
New Risk • Nov 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.53 (vs NT$1.06 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.53 (up from NT$1.06 loss in 3Q 2024). Revenue: NT$1.87b (up 134% from 3Q 2024). Net income: NT$25.8m (up NT$77.0m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.88 (vs NT$1.01 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.88 (up from NT$1.01 loss in 2Q 2024). Revenue: NT$2.14b (up 98% from 2Q 2024). Net income: NT$42.4m (up NT$91.2m from 2Q 2024). Profit margin: 2.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.68 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.13 (up from NT$0.68 loss in 1Q 2024). Revenue: NT$1.68b (up 27% from 1Q 2024). Net income: NT$6.52m (up NT$39.4m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
New Risk • Mar 31New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$94.8m) 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 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.15b market cap, or US$94.8m).
Board Change • Mar 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kung-Jeng Wang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 20Full year 2024 earnings released: NT$4.10 loss per share (vs NT$2.84 loss in FY 2023)Full year 2024 results: NT$4.10 loss per share (further deteriorated from NT$2.84 loss in FY 2023). Revenue: NT$4.70b (down 13% from FY 2023). Net loss: NT$198.0m (loss widened 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 14TUL Corporation, Annual General Meeting, Jun 20, 2025TUL Corporation, Annual General Meeting, Jun 20, 2025. Location: 1 floor no,431, pao ch`ang rd., sijhih district, new taipei city Taiwan
New Risk • Jan 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$99.0m) 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 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$3.26b market cap, or US$99.0m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: NT$1.06 loss per share (vs NT$0.56 loss in 3Q 2023)Third quarter 2024 results: NT$1.06 loss per share (further deteriorated from NT$0.56 loss in 3Q 2023). Revenue: NT$801.6m (down 37% from 3Q 2023). Net loss: NT$51.1m (loss widened 87% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$1.01 loss per share (vs NT$0.87 loss in 2Q 2023)Second quarter 2024 results: NT$1.01 loss per share (further deteriorated from NT$0.87 loss in 2Q 2023). Revenue: NT$1.08b (up 3.5% from 2Q 2023). Net loss: NT$48.8m (loss widened 17% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$98.1m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (NT$3.20b market cap, or US$98.1m).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.68 loss per share (vs NT$0.059 loss in 1Q 2023)First quarter 2024 results: NT$0.68 loss per share (further deteriorated from NT$0.059 loss in 1Q 2023). Revenue: NT$1.32b (flat on 1Q 2023). Net loss: NT$32.9m (loss widened NT$30.1m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 19TUL Corporation, Annual General Meeting, Jun 13, 2024TUL Corporation, Annual General Meeting, Jun 13, 2024.
Reported Earnings • Mar 19Full year 2023 earnings released: NT$2.84 loss per share (vs NT$1.79 loss in FY 2022)Full year 2023 results: NT$2.84 loss per share (further deteriorated from NT$1.79 loss in FY 2022). Revenue: NT$5.41b (up 9.8% from FY 2022). Net loss: NT$137.3m (loss widened 59% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 14Third quarter 2023 earnings released: NT$0.56 loss per share (vs NT$2.80 loss in 3Q 2022)Third quarter 2023 results: NT$0.56 loss per share (improved from NT$2.80 loss in 3Q 2022). Revenue: NT$1.27b (up 118% from 3Q 2022). Net loss: NT$27.3m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 05Second quarter 2023 earnings released: NT$0.87 loss per share (vs NT$1.08 loss in 2Q 2022)Second quarter 2023 results: NT$0.87 loss per share (improved from NT$1.08 loss in 2Q 2022). Revenue: NT$1.05b (up 12% from 2Q 2022). Net loss: NT$41.9m (loss narrowed 20% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Buying Opportunity • Jul 28Now 20% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be NT$122, 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. Meanwhile, the company became loss making.
New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).
Reported Earnings • Mar 29Full year 2022 earnings released: NT$1.78 loss per share (vs NT$24.00 profit in FY 2021)Full year 2022 results: NT$1.78 loss per share (down from NT$24.00 profit in FY 2021). Revenue: NT$4.93b (down 44% from FY 2021). Net loss: NT$86.3m (down 108% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • Nov 06Third quarter 2022 earnings released: NT$2.80 loss per share (vs NT$3.93 profit in 3Q 2021)Third quarter 2022 results: NT$2.80 loss per share (down from NT$3.93 profit in 3Q 2021). Revenue: NT$581.0m (down 70% from 3Q 2021). Net loss: NT$135.2m (down 177% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$44.25, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 20% over the past three years.
Reported Earnings • Aug 06Second quarter 2022 earnings released: NT$1.08 loss per share (vs NT$7.19 profit in 2Q 2021)Second quarter 2022 results: NT$1.08 loss per share (down from NT$7.19 profit in 2Q 2021). Revenue: NT$938.7m (down 54% from 2Q 2021). Net loss: NT$52.1m (down 116% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$69.60, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 6.3% over the past three years.
Upcoming Dividend • Jul 06Upcoming dividend of NT$11.00 per shareEligible shareholders must have bought the stock before 13 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (7.6%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$69.00, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 13% over the past three years.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: NT$3.38 (vs NT$3.04 in 1Q 2021)First quarter 2022 results: EPS: NT$3.38 (up from NT$3.04 in 1Q 2021). Revenue: NT$2.20b (up 60% from 1Q 2021). Net income: NT$162.9m (up 20% from 1Q 2021). Profit margin: 7.4% (down from 9.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$120, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Mar 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$24.00 (up from NT$0.77 in FY 2020). Revenue: NT$8.79b (up 133% from FY 2020). Net income: NT$1.08b (up NT$1.05b from FY 2020). Profit margin: 12% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$192, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 309% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$3.93 (vs NT$0.61 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.95b (up 73% from 3Q 2020). Net income: NT$176.2m (up NT$151.4m from 3Q 2020). Profit margin: 9.0% (up from 2.2% 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 54% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$169, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 241% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$7.19 (vs NT$0.091 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.02b (up 163% from 2Q 2020). Net income: NT$322.8m (up NT$325.9m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$163, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 36% over the past three years.
Upcoming Dividend • Aug 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 06 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (5.2%).
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$143, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 44% over the past three years.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$155, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 27% over the past three years.
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$189, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 25% over the past three years.
Reported Earnings • May 01First quarter 2021 earnings released: EPS NT$3.04 (vs NT$0.69 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.38b (up 138% from 1Q 2020). Net income: NT$136.3m (up NT$159.1m from 1Q 2020). Profit margin: 9.9% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 29These 4 Measures Indicate That TUL (GTSM:6150) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Mar 24TUL's (GTSM:6150) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that TUL Corporation's ( GTSM:6150 ) strong earnings didn't offer any...
Reported Earnings • Mar 19Full year 2020 earnings released: EPS NT$0.77 (vs NT$2.44 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.78b (up 25% from FY 2019). Net income: NT$29.2m (up NT$110.3m from FY 2019). Profit margin: 0.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 16TUL (GTSM:6150) Has Rewarded Shareholders With An Exceptional 920% Total Return On Their InvestmentBuying shares in the best businesses can build meaningful wealth for you and your family. While not every stock...
分析記事 • Jan 20Is TUL (GTSM:6150) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Dec 24New 90-day high: NT$136The company is up 177% from its price of NT$49.00 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Dec 05New 90-day high: NT$112The company is up 114% from its price of NT$52.10 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Nov 06New 90-day high: NT$60.70The company is up 27% from its price of NT$47.90 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 4.0% over the same period.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.61The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.13b (up 34% from 3Q 2019). Net income: NT$24.8m (up NT$30.7m from 3Q 2019). Profit margin: 2.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 85% 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.