All Ring Tech（6187）株式概要全環科技股份有限公司は、台湾と中国で自動化機械の設計、製造、組立を行っています。 詳細6187 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長6/6過去の実績3/6財務の健全性5/6配当金2/6報酬収益は年間32.37%増加すると予測されています リスク分析TW市場と比較して、過去 3 か月間の株価の変動が非常に大きい高いレベルの非現金収入 すべてのリスクチェックを見る6187 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$1.10k58.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture026b2016201920222025202620282031Revenue NT$26.2bEarnings NT$6.9bAdvancedSet Fair ValueView all narrativesAll Ring Tech Co., Ltd. 競合他社Ta Liang TechnologySymbol: TWSE:3167Market cap: NT$68.9bTest ResearchSymbol: TWSE:3030Market cap: NT$82.0bGrade Upon TechnologySymbol: TPEX:6739Market cap: NT$28.9bBaotek Industrial MaterialsSymbol: TPEX:5340Market cap: NT$19.4b価格と性能株価の高値、安値、推移の概要All Ring Tech過去の株価現在の株価NT$1,095.0052週高値NT$1,490.0052週安値NT$294.00ベータ1.251ヶ月の変化-17.67%3ヶ月変化180.05%1年変化235.38%3年間の変化1,482.37%5年間の変化745.56%IPOからの変化3,299.77%最新ニュースMajor Estimate Revision • May 15Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$20.05 to NT$23.56. Revenue forecast steady at NT$8.36b. Net income forecast to grow 78% next year vs 43% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$1,080 to NT$1,230. Share price rose 5.1% to NT$1,125 over the past week.Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 215% to NT$1,230. The fair value is estimated to be NT$1,023, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.Price Target Changed • May 11Price target increased by 14% to NT$1,230Up from NT$1,080, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$1,110. Stock is up 292% over the past year. The company is forecast to post earnings per share of NT$23.55 for next year compared to NT$15.46 last year.Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (down from NT$3.57 in 1Q 2025). Revenue: NT$1.41b (up 13% from 1Q 2025). Net income: NT$324.5m (down 5.3% from 1Q 2025). Profit margin: 23% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,115, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,820% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$481 per share.Major Estimate Revision • Apr 22Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.32b to NT$8.35b. EPS estimate unchanged from NT$20.05 at last update. Electronic industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target up from NT$830 to NT$1,080. Share price rose 22% to NT$1,390 over the past week.最新情報をもっと見るRecent updatesMajor Estimate Revision • May 15Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$20.05 to NT$23.56. Revenue forecast steady at NT$8.36b. Net income forecast to grow 78% next year vs 43% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$1,080 to NT$1,230. Share price rose 5.1% to NT$1,125 over the past week.Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 215% to NT$1,230. The fair value is estimated to be NT$1,023, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.Price Target Changed • May 11Price target increased by 14% to NT$1,230Up from NT$1,080, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$1,110. Stock is up 292% over the past year. The company is forecast to post earnings per share of NT$23.55 for next year compared to NT$15.46 last year.Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (down from NT$3.57 in 1Q 2025). Revenue: NT$1.41b (up 13% from 1Q 2025). Net income: NT$324.5m (down 5.3% from 1Q 2025). Profit margin: 23% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,115, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,820% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$481 per share.Major Estimate Revision • Apr 22Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.32b to NT$8.35b. EPS estimate unchanged from NT$20.05 at last update. Electronic industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target up from NT$830 to NT$1,080. Share price rose 22% to NT$1,390 over the past week.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,040, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,549% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$483 per share.New Risk • Mar 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Major Estimate Revision • Mar 24Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.03b to NT$7.29b. EPS estimate fell from NT$25.04 to NT$20.70 per share. Net income forecast to grow 35% next year vs 32% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$608 to NT$682. Share price rose 28% to NT$869 over the past week.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$682, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 1,006% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$324 per share.Price Target Changed • Mar 04Price target increased by 14% to NT$499Up from NT$440, the current price target is an average from 4 analysts. New target price is 11% below last closing price of NT$560. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$25.04 for next year compared to NT$15.46 last year.New Risk • Feb 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$468, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 591% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$318 per share.お知らせ • Feb 11All Ring Tech Co., Ltd., Annual General Meeting, Jun 26, 2026All Ring Tech Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: no,23, lu k`o 5th rd., lujhu district, kaohsiung city TaiwanReported Earnings • Feb 11Full year 2025 earnings released: EPS: NT$15.46 (vs NT$14.57 in FY 2024)Full year 2025 results: EPS: NT$15.46 (up from NT$14.57 in FY 2024). Revenue: NT$5.37b (down 3.0% from FY 2024). Net income: NT$1.49b (up 13% from FY 2024). Profit margin: 28% (up from 24% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% 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 increased by 61% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jan 02Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$374. The fair value is estimated to be NT$308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Major Estimate Revision • Nov 19Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$6.39b to NT$5.34b. EPS estimate fell from NT$17.75 to NT$13.56 per share. Net income forecast to shrink 6.0% next year vs 24% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$473 to NT$415. Share price fell 5.8% to NT$316 over the past week.Price Target Changed • Nov 13Price target decreased by 12% to NT$415Down from NT$473, the current price target is an average from 4 analysts. New target price is 23% above last closing price of NT$338. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$13.56 for next year compared to NT$14.57 last year.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$4.37 (vs NT$5.32 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.37 (down from NT$5.32 in 3Q 2024). Revenue: NT$1.71b (down 12% from 3Q 2024). Net income: NT$419.8m (down 7.2% from 3Q 2024). Profit margin: 25% (up from 23% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$316, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 453% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$374 per share.Major Estimate Revision • Sep 23Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$8.01b to NT$6.60b. EPS estimate fell from NT$21.60 to NT$18.80 per share. Net income forecast to grow 10% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$437 to NT$488. Share price rose 11% to NT$399 over the past week.Price Target Changed • Sep 23Price target increased by 12% to NT$505Up from NT$452, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$399. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$18.80 for next year compared to NT$14.57 last year.Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 21%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$7.96b to NT$6.30b. EPS estimate unchanged from NT$18.32 per share at last update. Electronic industry in Taiwan expected to see average net income growth of 17% next year. Consensus price target down from NT$480 to NT$452. Share price fell 4.5% to NT$359 over the past week.Upcoming Dividend • Jul 15Upcoming dividend of NT$10.19 per shareEligible shareholders must have bought the stock before 22 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).Major Estimate Revision • Jul 02Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$9.08b to NT$7.96b. EPS estimate unchanged at NT$23.19 per share. Net income forecast to grow 22% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$410 to NT$480. Share price fell 3.4% to NT$402 over the past week.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$416, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 444% over the past three years.Declared Dividend • Jun 22Dividend of NT$10.22 announcedShareholders will receive a dividend of NT$10.22. Ex-date: 22nd July 2025 Payment date: 8th August 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 29% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • Jun 21All Ring Tech Co., Ltd. Announces Cash Dividend, Payable on August 8, 2025All Ring Tech Co., Ltd. announced cash dividend of TWD 980,000,000 from earnings. Ex-rights (Ex-dividend) date: July 22, 2025. Ex-rights (Ex-dividend) record date: July 28, 2025. Payment date of cash dividend distribution: August 8, 2025.New Risk • May 25New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$474 per share.New Risk • May 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).Price Target Changed • May 12Price target decreased by 18% to NT$507Down from NT$620, the current price target is an average from 3 analysts. New target price is 79% above last closing price of NT$283. Stock is up 29% over the past year. The company is forecast to post earnings per share of NT$16.86 for next year compared to NT$14.57 last year.New Risk • May 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • May 10First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: NT$3.57 (up from NT$2.07 in 1Q 2024). Revenue: NT$1.25b (up 72% from 1Q 2024). Net income: NT$342.8m (up 101% from 1Q 2024). Profit margin: 28% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year.お知らせ • May 01All Ring Tech Co., Ltd. to Report Q1, 2025 Results on May 08, 2025All Ring Tech Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$257, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$223, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 101% over the past three years.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$323, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years.お知らせ • Mar 05All Ring Tech Co., Ltd., Annual General Meeting, Jun 20, 2025All Ring Tech Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,23, lu k`o 5th rd., lujhu district, kaohsiung city TaiwanReported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: NT$14.57 (up from NT$1.70 in FY 2023). Revenue: NT$5.53b (up 359% from FY 2023). Net income: NT$1.31b (up NT$1.17b from FY 2023). Profit margin: 24% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.4% 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 increased by 17% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 20All Ring Tech Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025All Ring Tech Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$368, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 219% over the past three years.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 Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: NT$5.32 (vs NT$0.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$5.32 (up from NT$0.35 in 3Q 2023). Revenue: NT$1.94b (up 486% from 3Q 2023). Net income: NT$452.2m (up NT$423.5m from 3Q 2023). Profit margin: 23% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.お知らせ • Oct 29All Ring Tech Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024All Ring Tech Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024お知らせ • Sep 18All Ring Tech Co., Ltd. announced that it expects to receive TWD 1 billion in fundingAll Ring Tech Co., Ltd. announced a private placement to issue convertible bonds for the gross proceeds of TWD 1,000,000,000 on September 16, 2024. The transaction has been approved by shareholders and matures on August 22, 2025.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$405, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 295% over the past three years.New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding).Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$242, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 96% over the past three years.お知らせ • Jul 31All Ring Tech Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024All Ring Tech Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$276, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years.Upcoming Dividend • Jul 10Upcoming dividend of NT$1.47 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).Declared Dividend • Jun 20Dividend reduced to NT$1.60Dividend of NT$1.60 is 48% lower than last year. Ex-date: 17th July 2024 Payment date: 2nd August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (260% earnings payout ratio) nor is it covered by cash flows (330% cash payout ratio). The dividend has increased by an average of 9.8% 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 188% to bring the payout ratio under control. EPS is expected to grow by 10% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.07 (vs NT$0.17 in 1Q 2023)First quarter 2024 results: EPS: NT$2.07 (up from NT$0.17 in 1Q 2023). Revenue: NT$723.2m (up 217% from 1Q 2023). Net income: NT$170.9m (up NT$156.9m from 1Q 2023). Profit margin: 24% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • May 10All Ring Tech Co., Ltd. has filed a Follow-on Equity Offering.All Ring Tech Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,300,000 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 700,000 Transaction Features: Rights Offeringお知らせ • May 03All Ring Tech Co., Ltd. to Report Q1, 2024 Results on May 08, 2024All Ring Tech Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Apr 01Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: NT$1.70 (down from NT$6.15 in FY 2022). Revenue: NT$1.21b (down 46% from FY 2022). Net income: NT$138.2m (down 72% from FY 2022). Profit margin: 12% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is forecast to grow 17% 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 18% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.お知らせ • Feb 28All Ring Tech Co., Ltd. Announces Executive ChangesAll Ring Tech Co., Ltd. announced the retirement of Chien-De as corporate governance officer and appointed Ming-Chieh Tsai as corporate governance officer, effective from March 1, 2024.お知らせ • Feb 27All Ring Tech Co., Ltd., Annual General Meeting, Jun 18, 2024All Ring Tech Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No.23, Luke 5th Rd., Lujhu Dist. Kaohsiung City Taiwan Agenda: To consider and report the operational of 2023; to consider Audit Committee's review report of 2023; to consider and report the status of remunerations for directors and supervisors and remuneration for employees in 2023; to consider report on remuneration of individual directors in 2023; to consider execution status of repurchasing treasury stocks; to consider the status of endorsements and guarantees; to consider information on investments in mainland china; to consider the status of the common stocks transferred from the 4st Domestic Unsecured Convertible Bond; and to consider any other matters.New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks Dividend is not well covered by earnings (110% payout ratio). Profit margins are more than 30% lower than last year (8.5% net profit margin).Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$113, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 93% over the past three years.New Risk • Aug 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 171% Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 171%お知らせ • Aug 10All Ring Tech Co., Ltd. Announces Change of Chief Internal Audit OfficerAll Ring Tech Co., Ltd. announced the change of chief internal audit officer. Name, title, and resume of the previous position holder: Ya-Jung Su, chief internal audit. Name, title, and resume of the new position holder: Bao-Hui Lian,chief internal auditor. Effective date is August 9, 2023.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.38 (vs NT$2.07 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.38 (down from NT$2.07 in 2Q 2022). Revenue: NT$275.9m (down 64% from 2Q 2022). Net income: NT$30.5m (down 82% from 2Q 2022). Profit margin: 11% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year.New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (158% cash payout ratio).Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$124, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 153% over the past three years.Upcoming Dividend • Jul 18Upcoming dividend of NT$3.06 per share at 2.6% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).お知らせ • Jul 12All Ring Tech Co., Ltd. Announces Adjustment of Cash Dividend Per ShareAll Ring Tech Co., Ltd. announces adjustment of cash dividend per share from dividend of TWD 3.1 per share to TWD 3.06198926 per share.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$99.90, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years.New Risk • Jul 01New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).お知らせ • Jun 29All Ring Tech Co., Ltd. Announces Dividend, Payable on July 31, 2023All Ring Tech Co., Ltd. announces dividend of TWD 3.1 per share. Ex-rights (Ex-dividend) date is July 25, 2023. Ex-rights (Ex-dividend) record date is July 31, 2023. Payment date of cash dividend distribution is July 31, 2023.お知らせ • Jun 17+ 1 more updateAll Ring Tech Co., Ltd. Announces Directorate ChangesAll Ring Tech Co., Ltd. Ching-Lai Lu (Director¡GHsin-Yao Cheng, Director Hanlin Construction Co., Ltd.: Ching-Han Chiu Huang Director Jincheng Investment Ltd.:Ching-Hsu Tsai Independent Director:Zhuo-Hua Guang Independent Director: Chang-Ren Chen Independent Director: Ming-Xian Li Ching-Lai Lu Director Cheng-En Ou, Director Ching-Han Chiu Huang Independent Director: Huan-Ming Chou. Effective date of the new appointment: June 15, 2023.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$80.90, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past three years.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$6.15 (vs NT$6.65 in FY 2021)Full year 2022 results: EPS: NT$6.15 (down from NT$6.65 in FY 2021). Revenue: NT$2.25b (down 14% from FY 2021). Net income: NT$499.0m (down 7.8% from FY 2021). Profit margin: 22% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$74.10, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 106% over the past three years.Board Change • Nov 16Less 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. 6 non-independent directors. Independent Director Ming-Hsien Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.96 (vs NT$2.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.96 (down from NT$2.25 in 3Q 2021). Revenue: NT$564.0m (down 30% from 3Q 2021). Net income: NT$159.2m (down 13% from 3Q 2021). Profit margin: 28% (up from 23% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$56.20, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$66.90, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$2.07 (vs NT$1.95 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.07 (up from NT$1.95 in 2Q 2021). Revenue: NT$764.9m (down 2.3% from 2Q 2021). Net income: NT$168.6m (up 6.0% from 2Q 2021). Profit margin: 22% (up from 20% 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 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$80.00, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years.Upcoming Dividend • Jul 04Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$80.90, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 115% over the past three years.お知らせ • Jun 15All Ring Tech Co., Ltd. Announces Cash Dividend, Payable on August 05, 2022All Ring Tech Co., Ltd. announced cash dividend of TWD 366,542,559 (Cash distribution from earnings TWD 4.50 per share). Ex-rights (Ex-dividend) date is July 11, 2022. Ex-rights (Ex-dividend) record date is July 17, 2022. Payment date of cash dividend distribution is August 05, 2022.Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$1.83 (up from NT$1.64 in 1Q 2021). Revenue: NT$629.6m (up 9.7% from 1Q 2021). Net income: NT$149.1m (up 12% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. 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 31% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less 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 Ming-Hsien Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$6.65 (up from NT$3.01 in FY 2020). Revenue: NT$2.60b (up 73% from FY 2020). Net income: NT$541.2m (up 119% from FY 2020). Profit margin: 21% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 41% per year and the company’s share price has also increased by 41% per year.お知らせ • Feb 22+ 1 more updateAll Ring Tech Co., Ltd. Proposes Dividend for the Period January 1, 2021 to December 31, 2021All Ring Tech Co., Ltd. announced that the board of directors proposed dividend distribution for the period January 1, 2021 to December 31, 2021. Appropriations of earnings in cash dividends to shareholders TWD 4.50 per share. Total amount of cash dividends to shareholders TWD 366,542,559.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$2.25 (vs NT$1.20 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$804.5m (up 82% from 3Q 2020). Net income: NT$183.4m (up 88% from 3Q 2020). Profit margin: 23% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 05Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 03 September 2021. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS NT$1.95 (vs NT$0.84 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$782.5m (up 101% from 2Q 2020). Net income: NT$159.0m (up 130% from 2Q 2020). Profit margin: 20% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$159, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$119, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 114% over the past three years.株主還元6187TW ElectronicTW 市場7D-3.9%-5.3%-3.5%1Y235.4%169.2%83.0%株主還元を見る業界別リターン: 6187過去 1 年間で169.2 % の収益を上げたTW Electronic業界を上回りました。リターン対市場: 6187過去 1 年間で83 % の収益を上げたTW市場を上回りました。価格変動Is 6187's price volatile compared to industry and market?6187 volatility6187 Average Weekly Movement14.8%Electronic Industry Average Movement8.4%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 6187の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6187の 週次ボラティリティ は、過去 1 年間で9%から15%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト1996n/aCheng-En Ouwww.allring-tech.com.tw全環科技股份有限公司は、台湾と中国で自動化装置の設計、製造、組立を行っています。ウェハレベルアンダーフィル分注機、アンダーフィル分注機、分注機などの半導体分注装置シリーズ、FPCマウンター、PSAマウンター、光学マウンター、ACFマウンターなどのボンディングシリーズ、マイクロチップ挿入用AOI機、はんだボール搭載用AOI機、6面用AOI機、ウェハAOI機、画像測定機、ローダー/アンローダー、ボールマウントマシン、接着剤塗布/ヒートシンク貼付機などを提供。また、切断機、回転メッキ機、コイル巻線機、抵抗器積層機、抵抗器造粒機、PC圧延機、パワーインダクターディスペンサー、LED選別機、ロータリータワー選別機、包装機、圧延機、ディスペンサー、CSP劈開機なども提供している。また、コンピューターソフトウェアの研究・開発・設計、機械工学の自動化、受動部品、発光ダイオード、その他の機械、電化製品、オーディオ・ビジュアル電子機器の製造、特殊電子機器の製造、計器・付属品のテスト、国際貿易、投資事業、自社製造製品の販売、対応する技術テストサービスの提供にも携わっている。全環科技股份有限公司は1996年に設立され、台湾の高雄に本社を置いている。もっと見るAll Ring Tech Co., Ltd. 基礎のまとめAll Ring Tech の収益と売上を時価総額と比較するとどうか。6187 基礎統計学時価総額NT$104.41b収益（TTM）NT$1.47b売上高(TTM)NT$5.53b71.8xPER（株価収益率19.1xP/Sレシオ6187 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計6187 損益計算書（TTM）収益NT$5.53b売上原価NT$2.64b売上総利益NT$2.89bその他の費用NT$1.42b収益NT$1.47b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）15.24グロス・マージン52.26%純利益率26.52%有利子負債／自己資本比率1.9%6187 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.1%現在の配当利回り76%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 09:25終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋All Ring Tech Co., Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Evelyn YuGoldman SachsJimmy HuangJ.P. Morgannull nullKGI Securities Co. Ltd.3 その他のアナリストを表示
Major Estimate Revision • May 15Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$20.05 to NT$23.56. Revenue forecast steady at NT$8.36b. Net income forecast to grow 78% next year vs 43% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$1,080 to NT$1,230. Share price rose 5.1% to NT$1,125 over the past week.
Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 215% to NT$1,230. The fair value is estimated to be NT$1,023, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.
Price Target Changed • May 11Price target increased by 14% to NT$1,230Up from NT$1,080, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$1,110. Stock is up 292% over the past year. The company is forecast to post earnings per share of NT$23.55 for next year compared to NT$15.46 last year.
Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (down from NT$3.57 in 1Q 2025). Revenue: NT$1.41b (up 13% from 1Q 2025). Net income: NT$324.5m (down 5.3% from 1Q 2025). Profit margin: 23% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,115, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,820% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$481 per share.
Major Estimate Revision • Apr 22Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.32b to NT$8.35b. EPS estimate unchanged from NT$20.05 at last update. Electronic industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target up from NT$830 to NT$1,080. Share price rose 22% to NT$1,390 over the past week.
Major Estimate Revision • May 15Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$20.05 to NT$23.56. Revenue forecast steady at NT$8.36b. Net income forecast to grow 78% next year vs 43% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$1,080 to NT$1,230. Share price rose 5.1% to NT$1,125 over the past week.
Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 215% to NT$1,230. The fair value is estimated to be NT$1,023, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 143% in the next 2 years.
Price Target Changed • May 11Price target increased by 14% to NT$1,230Up from NT$1,080, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$1,110. Stock is up 292% over the past year. The company is forecast to post earnings per share of NT$23.55 for next year compared to NT$15.46 last year.
Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (down from NT$3.57 in 1Q 2025). Revenue: NT$1.41b (up 13% from 1Q 2025). Net income: NT$324.5m (down 5.3% from 1Q 2025). Profit margin: 23% (down from 28% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 160% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,115, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,820% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$481 per share.
Major Estimate Revision • Apr 22Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.32b to NT$8.35b. EPS estimate unchanged from NT$20.05 at last update. Electronic industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target up from NT$830 to NT$1,080. Share price rose 22% to NT$1,390 over the past week.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,040, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 1,549% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$483 per share.
New Risk • Mar 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Major Estimate Revision • Mar 24Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NT$7.03b to NT$7.29b. EPS estimate fell from NT$25.04 to NT$20.70 per share. Net income forecast to grow 35% next year vs 32% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$608 to NT$682. Share price rose 28% to NT$869 over the past week.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$682, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 1,006% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$324 per share.
Price Target Changed • Mar 04Price target increased by 14% to NT$499Up from NT$440, the current price target is an average from 4 analysts. New target price is 11% below last closing price of NT$560. Stock is up 65% over the past year. The company is forecast to post earnings per share of NT$25.04 for next year compared to NT$15.46 last year.
New Risk • Feb 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$468, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 591% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$318 per share.
お知らせ • Feb 11All Ring Tech Co., Ltd., Annual General Meeting, Jun 26, 2026All Ring Tech Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: no,23, lu k`o 5th rd., lujhu district, kaohsiung city Taiwan
Reported Earnings • Feb 11Full year 2025 earnings released: EPS: NT$15.46 (vs NT$14.57 in FY 2024)Full year 2025 results: EPS: NT$15.46 (up from NT$14.57 in FY 2024). Revenue: NT$5.37b (down 3.0% from FY 2024). Net income: NT$1.49b (up 13% from FY 2024). Profit margin: 28% (up from 24% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% 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 increased by 61% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jan 02Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$374. The fair value is estimated to be NT$308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 57%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Major Estimate Revision • Nov 19Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$6.39b to NT$5.34b. EPS estimate fell from NT$17.75 to NT$13.56 per share. Net income forecast to shrink 6.0% next year vs 24% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$473 to NT$415. Share price fell 5.8% to NT$316 over the past week.
Price Target Changed • Nov 13Price target decreased by 12% to NT$415Down from NT$473, the current price target is an average from 4 analysts. New target price is 23% above last closing price of NT$338. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$13.56 for next year compared to NT$14.57 last year.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$4.37 (vs NT$5.32 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.37 (down from NT$5.32 in 3Q 2024). Revenue: NT$1.71b (down 12% from 3Q 2024). Net income: NT$419.8m (down 7.2% from 3Q 2024). Profit margin: 25% (up from 23% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$316, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 453% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$374 per share.
Major Estimate Revision • Sep 23Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$8.01b to NT$6.60b. EPS estimate fell from NT$21.60 to NT$18.80 per share. Net income forecast to grow 10% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$437 to NT$488. Share price rose 11% to NT$399 over the past week.
Price Target Changed • Sep 23Price target increased by 12% to NT$505Up from NT$452, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$399. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$18.80 for next year compared to NT$14.57 last year.
Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 21%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$7.96b to NT$6.30b. EPS estimate unchanged from NT$18.32 per share at last update. Electronic industry in Taiwan expected to see average net income growth of 17% next year. Consensus price target down from NT$480 to NT$452. Share price fell 4.5% to NT$359 over the past week.
Upcoming Dividend • Jul 15Upcoming dividend of NT$10.19 per shareEligible shareholders must have bought the stock before 22 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).
Major Estimate Revision • Jul 02Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$9.08b to NT$7.96b. EPS estimate unchanged at NT$23.19 per share. Net income forecast to grow 22% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$410 to NT$480. Share price fell 3.4% to NT$402 over the past week.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$416, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 444% over the past three years.
Declared Dividend • Jun 22Dividend of NT$10.22 announcedShareholders will receive a dividend of NT$10.22. Ex-date: 22nd July 2025 Payment date: 8th August 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 56% over the next 3 years. Since a fall of 29% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • Jun 21All Ring Tech Co., Ltd. Announces Cash Dividend, Payable on August 8, 2025All Ring Tech Co., Ltd. announced cash dividend of TWD 980,000,000 from earnings. Ex-rights (Ex-dividend) date: July 22, 2025. Ex-rights (Ex-dividend) record date: July 28, 2025. Payment date of cash dividend distribution: August 8, 2025.
New Risk • May 25New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$474 per share.
New Risk • May 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).
Price Target Changed • May 12Price target decreased by 18% to NT$507Down from NT$620, the current price target is an average from 3 analysts. New target price is 79% above last closing price of NT$283. Stock is up 29% over the past year. The company is forecast to post earnings per share of NT$16.86 for next year compared to NT$14.57 last year.
New Risk • May 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • May 10First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: NT$3.57 (up from NT$2.07 in 1Q 2024). Revenue: NT$1.25b (up 72% from 1Q 2024). Net income: NT$342.8m (up 101% from 1Q 2024). Profit margin: 28% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year.
お知らせ • May 01All Ring Tech Co., Ltd. to Report Q1, 2025 Results on May 08, 2025All Ring Tech Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$257, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$223, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 101% over the past three years.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$323, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years.
お知らせ • Mar 05All Ring Tech Co., Ltd., Annual General Meeting, Jun 20, 2025All Ring Tech Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:00 Taipei Standard Time. Location: no,23, lu k`o 5th rd., lujhu district, kaohsiung city Taiwan
Reported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: NT$14.57 (up from NT$1.70 in FY 2023). Revenue: NT$5.53b (up 359% from FY 2023). Net income: NT$1.31b (up NT$1.17b from FY 2023). Profit margin: 24% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.4% 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 increased by 17% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 20All Ring Tech Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025All Ring Tech Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025
New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$368, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 219% over the past three years.
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 Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: NT$5.32 (vs NT$0.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$5.32 (up from NT$0.35 in 3Q 2023). Revenue: NT$1.94b (up 486% from 3Q 2023). Net income: NT$452.2m (up NT$423.5m from 3Q 2023). Profit margin: 23% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.
お知らせ • Oct 29All Ring Tech Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024All Ring Tech Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
お知らせ • Sep 18All Ring Tech Co., Ltd. announced that it expects to receive TWD 1 billion in fundingAll Ring Tech Co., Ltd. announced a private placement to issue convertible bonds for the gross proceeds of TWD 1,000,000,000 on September 16, 2024. The transaction has been approved by shareholders and matures on August 22, 2025.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$405, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 295% over the past three years.
New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$242, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 96% over the past three years.
お知らせ • Jul 31All Ring Tech Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024All Ring Tech Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$276, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years.
Upcoming Dividend • Jul 10Upcoming dividend of NT$1.47 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).
Declared Dividend • Jun 20Dividend reduced to NT$1.60Dividend of NT$1.60 is 48% lower than last year. Ex-date: 17th July 2024 Payment date: 2nd August 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (260% earnings payout ratio) nor is it covered by cash flows (330% cash payout ratio). The dividend has increased by an average of 9.8% 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 188% to bring the payout ratio under control. EPS is expected to grow by 10% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$2.07 (vs NT$0.17 in 1Q 2023)First quarter 2024 results: EPS: NT$2.07 (up from NT$0.17 in 1Q 2023). Revenue: NT$723.2m (up 217% from 1Q 2023). Net income: NT$170.9m (up NT$156.9m from 1Q 2023). Profit margin: 24% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • May 10All Ring Tech Co., Ltd. has filed a Follow-on Equity Offering.All Ring Tech Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,300,000 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 700,000 Transaction Features: Rights Offering
お知らせ • May 03All Ring Tech Co., Ltd. to Report Q1, 2024 Results on May 08, 2024All Ring Tech Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Apr 01Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: NT$1.70 (down from NT$6.15 in FY 2022). Revenue: NT$1.21b (down 46% from FY 2022). Net income: NT$138.2m (down 72% from FY 2022). Profit margin: 12% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is forecast to grow 17% 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 18% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
お知らせ • Feb 28All Ring Tech Co., Ltd. Announces Executive ChangesAll Ring Tech Co., Ltd. announced the retirement of Chien-De as corporate governance officer and appointed Ming-Chieh Tsai as corporate governance officer, effective from March 1, 2024.
お知らせ • Feb 27All Ring Tech Co., Ltd., Annual General Meeting, Jun 18, 2024All Ring Tech Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No.23, Luke 5th Rd., Lujhu Dist. Kaohsiung City Taiwan Agenda: To consider and report the operational of 2023; to consider Audit Committee's review report of 2023; to consider and report the status of remunerations for directors and supervisors and remuneration for employees in 2023; to consider report on remuneration of individual directors in 2023; to consider execution status of repurchasing treasury stocks; to consider the status of endorsements and guarantees; to consider information on investments in mainland china; to consider the status of the common stocks transferred from the 4st Domestic Unsecured Convertible Bond; and to consider any other matters.
New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks Dividend is not well covered by earnings (110% payout ratio). Profit margins are more than 30% lower than last year (8.5% net profit margin).
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$113, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 93% over the past three years.
New Risk • Aug 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 171% Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 171%
お知らせ • Aug 10All Ring Tech Co., Ltd. Announces Change of Chief Internal Audit OfficerAll Ring Tech Co., Ltd. announced the change of chief internal audit officer. Name, title, and resume of the previous position holder: Ya-Jung Su, chief internal audit. Name, title, and resume of the new position holder: Bao-Hui Lian,chief internal auditor. Effective date is August 9, 2023.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$0.38 (vs NT$2.07 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.38 (down from NT$2.07 in 2Q 2022). Revenue: NT$275.9m (down 64% from 2Q 2022). Net income: NT$30.5m (down 82% from 2Q 2022). Profit margin: 11% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year.
New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (158% cash payout ratio).
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$124, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 153% over the past three years.
Upcoming Dividend • Jul 18Upcoming dividend of NT$3.06 per share at 2.6% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
お知らせ • Jul 12All Ring Tech Co., Ltd. Announces Adjustment of Cash Dividend Per ShareAll Ring Tech Co., Ltd. announces adjustment of cash dividend per share from dividend of TWD 3.1 per share to TWD 3.06198926 per share.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$99.90, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 155% over the past three years.
New Risk • Jul 01New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
お知らせ • Jun 29All Ring Tech Co., Ltd. Announces Dividend, Payable on July 31, 2023All Ring Tech Co., Ltd. announces dividend of TWD 3.1 per share. Ex-rights (Ex-dividend) date is July 25, 2023. Ex-rights (Ex-dividend) record date is July 31, 2023. Payment date of cash dividend distribution is July 31, 2023.
お知らせ • Jun 17+ 1 more updateAll Ring Tech Co., Ltd. Announces Directorate ChangesAll Ring Tech Co., Ltd. Ching-Lai Lu (Director¡GHsin-Yao Cheng, Director Hanlin Construction Co., Ltd.: Ching-Han Chiu Huang Director Jincheng Investment Ltd.:Ching-Hsu Tsai Independent Director:Zhuo-Hua Guang Independent Director: Chang-Ren Chen Independent Director: Ming-Xian Li Ching-Lai Lu Director Cheng-En Ou, Director Ching-Han Chiu Huang Independent Director: Huan-Ming Chou. Effective date of the new appointment: June 15, 2023.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$80.90, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past three years.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$6.15 (vs NT$6.65 in FY 2021)Full year 2022 results: EPS: NT$6.15 (down from NT$6.65 in FY 2021). Revenue: NT$2.25b (down 14% from FY 2021). Net income: NT$499.0m (down 7.8% from FY 2021). Profit margin: 22% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$74.10, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 106% over the past three years.
Board Change • Nov 16Less 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. 6 non-independent directors. Independent Director Ming-Hsien Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.96 (vs NT$2.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.96 (down from NT$2.25 in 3Q 2021). Revenue: NT$564.0m (down 30% from 3Q 2021). Net income: NT$159.2m (down 13% from 3Q 2021). Profit margin: 28% (up from 23% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$56.20, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$66.90, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$2.07 (vs NT$1.95 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.07 (up from NT$1.95 in 2Q 2021). Revenue: NT$764.9m (down 2.3% from 2Q 2021). Net income: NT$168.6m (up 6.0% from 2Q 2021). Profit margin: 22% (up from 20% 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 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$80.00, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years.
Upcoming Dividend • Jul 04Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$80.90, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 115% over the past three years.
お知らせ • Jun 15All Ring Tech Co., Ltd. Announces Cash Dividend, Payable on August 05, 2022All Ring Tech Co., Ltd. announced cash dividend of TWD 366,542,559 (Cash distribution from earnings TWD 4.50 per share). Ex-rights (Ex-dividend) date is July 11, 2022. Ex-rights (Ex-dividend) record date is July 17, 2022. Payment date of cash dividend distribution is August 05, 2022.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$1.83 (up from NT$1.64 in 1Q 2021). Revenue: NT$629.6m (up 9.7% from 1Q 2021). Net income: NT$149.1m (up 12% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. 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 31% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less 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 Ming-Hsien Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 24Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$6.65 (up from NT$3.01 in FY 2020). Revenue: NT$2.60b (up 73% from FY 2020). Net income: NT$541.2m (up 119% from FY 2020). Profit margin: 21% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 41% per year and the company’s share price has also increased by 41% per year.
お知らせ • Feb 22+ 1 more updateAll Ring Tech Co., Ltd. Proposes Dividend for the Period January 1, 2021 to December 31, 2021All Ring Tech Co., Ltd. announced that the board of directors proposed dividend distribution for the period January 1, 2021 to December 31, 2021. Appropriations of earnings in cash dividends to shareholders TWD 4.50 per share. Total amount of cash dividends to shareholders TWD 366,542,559.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$2.25 (vs NT$1.20 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$804.5m (up 82% from 3Q 2020). Net income: NT$183.4m (up 88% from 3Q 2020). Profit margin: 23% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 05Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 12 August 2021. Payment date: 03 September 2021. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).
Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS NT$1.95 (vs NT$0.84 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$782.5m (up 101% from 2Q 2020). Net income: NT$159.0m (up 130% from 2Q 2020). Profit margin: 20% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$159, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$119, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 114% over the past three years.
