View Financial HealthArlitech Electronic 配当と自社株買い配当金 基準チェック /16Arlitech Electronicは配当を支払う会社で、現在の利回りは1.38%です。次の支払い日は 15th September, 2026で、権利落ち日は18th August, 2026 。主要情報1.4%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長-0.6%次回配当支払日15 Sep 26配当落ち日18 Aug 26一株当たり配当金n/a配当性向251%最近の配当と自社株買いの更新Declared Dividend • Jun 13Dividend reduced to NT$1.16Dividend of NT$1.16 is 17% lower than last year. Ex-date: 18th August 2026 Payment date: 15th September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio) nor is it covered by cash flows (319% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 72% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend.Upcoming Dividend • Aug 07Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 15 September 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).Declared Dividend • Jul 07Dividend increased to NT$1.40Dividend of NT$1.40 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.6% 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 decline by 4.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 6.4% EPS decline seen over the last 5 years.Upcoming Dividend • Aug 19Upcoming dividend of NT$1.24 per shareEligible shareholders must have bought the stock before 26 August 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).Upcoming Dividend • Jul 10Upcoming dividend of NT$1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.3%).Upcoming Dividend • Aug 10Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 17 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).すべての更新を表示Recent updatesDeclared Dividend • Jun 13Dividend reduced to NT$1.16Dividend of NT$1.16 is 17% lower than last year. Ex-date: 18th August 2026 Payment date: 15th September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio) nor is it covered by cash flows (319% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 72% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend.Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$59.10, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 38x in the Electronic industry in Taiwan. Total returns to shareholders of 80% over the past three years.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.74 (vs NT$0.45 in 1Q 2025)First quarter 2026 results: EPS: NT$0.74 (up from NT$0.45 in 1Q 2025). Revenue: NT$293.7m (up 2.3% from 1Q 2025). Net income: NT$23.9m (up 65% from 1Q 2025). Profit margin: 8.2% (up from 5.1% in 1Q 2025). The increase in margin was primarily driven by higher revenue. 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 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$37.25, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 24% over the past three years.New Risk • Apr 13New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 251% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.27b market cap, or US$40.0m).Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.48 (vs NT$1.68 in FY 2024)Full year 2025 results: EPS: NT$0.48 (down from NT$1.68 in FY 2024). Revenue: NT$1.12b (up 10% from FY 2024). Net income: NT$15.5m (down 71% from FY 2024). Profit margin: 1.4% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 06Arlitech Electronic Corp., Annual General Meeting, Jun 11, 2026Arlitech Electronic Corp., Annual General Meeting, Jun 11, 2026. Location: no,88, min ch`uan rd., banciao district, new taipei city TaiwanNew Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 256% Cash payout ratio: 154% Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$1.06b market cap, or US$33.6m).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.49 (up from NT$0.12 in 3Q 2024). Revenue: NT$290.8m (up 5.8% from 3Q 2024). Net income: NT$15.7m (up 307% from 3Q 2024). Profit margin: 5.4% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Oct 29Now 20% undervaluedOver the last 90 days, the stock has risen 32% to NT$36.95. The fair value is estimated to be NT$46.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 22%.New Risk • Oct 28New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (NT$1.23b market cap, or US$40.3m).New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 221% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (NT$906.0m market cap, or US$30.2m).Upcoming Dividend • Aug 07Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 15 September 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).Declared Dividend • Jul 07Dividend increased to NT$1.40Dividend of NT$1.40 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.6% 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 decline by 4.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 6.4% EPS decline seen over the last 5 years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$0.45 (down from NT$0.51 in 1Q 2024). Revenue: NT$287.2m (up 25% from 1Q 2024). Net income: NT$14.5m (down 6.7% from 1Q 2024). Profit margin: 5.1% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$24.05, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 25% over the past three years.Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.68 (vs NT$1.19 in FY 2023)Full year 2024 results: EPS: NT$1.68 (up from NT$1.19 in FY 2023). Revenue: NT$1.02b (down 5.6% from FY 2023). Net income: NT$52.7m (up 45% from FY 2023). Profit margin: 5.2% (up from 3.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Mar 07Arlitech Electronic Corp., Annual General Meeting, Jun 19, 2025Arlitech Electronic Corp., Annual General Meeting, Jun 19, 2025. Location: no,79, hsin pei ta tao, sinjhuang district, new taipei city TaiwanNew Risk • Aug 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% 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 Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (NT$1.14b market cap, or US$35.6m).Upcoming Dividend • Aug 19Upcoming dividend of NT$1.24 per shareEligible shareholders must have bought the stock before 26 August 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.63 (up from NT$0.46 in 2Q 2023). Revenue: NT$266.4m (flat on 2Q 2023). Net income: NT$19.2m (up 38% from 2Q 2023). Profit margin: 7.2% (up from 5.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.16 in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (up from NT$0.16 in 1Q 2023). Revenue: NT$230.1m (down 7.0% from 1Q 2023). Net income: NT$15.6m (up 215% from 1Q 2023). Profit margin: 6.8% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.19 (vs NT$1.50 in FY 2022)Full year 2023 results: EPS: NT$1.19 (down from NT$1.50 in FY 2022). Revenue: NT$1.08b (down 3.0% from FY 2022). Net income: NT$36.4m (down 21% from FY 2022). Profit margin: 3.4% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Mar 14Arlitech Electronic Corp., Annual General Meeting, Jun 13, 2024Arlitech Electronic Corp., Annual General Meeting, Jun 13, 2024.New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Paying a dividend despite having no free cash flows. Earnings have declined by 3.8% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$1.14b market cap, or US$36.0m).New Risk • Nov 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 5.9% 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 earnings (162% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (NT$1.18b market cap, or US$36.2m).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.44 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (up from NT$0.44 in 2Q 2022). Revenue: NT$265.7m (down 5.9% from 2Q 2022). Net income: NT$14.0m (up 2.8% from 2Q 2022). Profit margin: 5.3% (up from 4.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 10Upcoming dividend of NT$1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.3%).Reported Earnings • Mar 28Full year 2022 earnings released: EPS: NT$1.50 (vs NT$2.91 in FY 2021)Full year 2022 results: EPS: NT$1.50 (down from NT$2.91 in FY 2021). Revenue: NT$1.11b (down 18% from FY 2021). Net income: NT$45.9m (down 48% from FY 2021). Profit margin: 4.1% (down from 6.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$35.35, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.71 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (down from NT$0.71 in 3Q 2021). Revenue: NT$237.9m (down 30% from 3Q 2021). Net income: NT$18.0m (down 17% from 3Q 2021). Profit margin: 7.6% (up from 6.4% 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 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$27.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.93 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.44 (down from NT$0.93 in 2Q 2021). Revenue: NT$282.3m (down 26% from 2Q 2021). Net income: NT$13.6m (down 52% from 2Q 2021). Profit margin: 4.8% (down from 7.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.Upcoming Dividend • Aug 10Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 17 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$32.05, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.75 (vs NT$0.75 in 1Q 2021). Revenue: NT$358.2m (up 17% from 1Q 2021). Net income: NT$23.0m (up 2.4% from 1Q 2021). Profit margin: 6.4% (down from 7.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.95 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$340.6m (up 12% from 3Q 2020). Net income: NT$21.7m (down 11% from 3Q 2020). Profit margin: 6.4% (down from 8.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 26Upcoming dividend of NT$1.57 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 29 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.95 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$382.3m (up 40% from 2Q 2020). Net income: NT$28.0m (up 21% from 2Q 2020). Profit margin: 7.3% (down from 8.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.75 (vs NT$0.41 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$305.9m (up 34% from 1Q 2020). Net income: NT$22.4m (up 136% from 1Q 2020). Profit margin: 7.3% (up from 4.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 30Arlitech Electronic (GTSM:6432) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Apr 07Should Arlitech Electronic Corp. (GTSM:6432) Be Part Of Your Dividend Portfolio?Is Arlitech Electronic Corp. ( GTSM:6432 ) a good dividend stock? How can we tell? Dividend paying companies with...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$45.85, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 161% over the past three years.Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.91 (vs NT$2.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.10b (up 19% from FY 2019). Net income: NT$74.9m (up 44% from FY 2019). Profit margin: 6.8% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 17We're Watching These Trends At Arlitech Electronic (GTSM:6432)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Feb 24New 90-day high: NT$40.20The company is up 6.0% from its price of NT$37.90 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 27% over the same period.分析記事 • Feb 23Has Arlitech Electronic Corp.'s (GTSM:6432) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Arlitech Electronic's (GTSM:6432) stock is up by a considerable 8.5% over the past month. As most would know...分析記事 • Feb 03We're Not So Sure You Should Rely on Arlitech Electronic's (GTSM:6432) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...分析記事 • Jan 11These 4 Measures Indicate That Arlitech Electronic (GTSM:6432) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Is New 90 Day High Low • Jan 11New 90-day high: NT$39.75The company is up 8.0% from its price of NT$36.75 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.分析記事 • Dec 22Does Arlitech Electronic Corp. (GTSM:6432) Have A Place In Your Dividend Stock Portfolio?Could Arlitech Electronic Corp. ( GTSM:6432 ) be an attractive dividend share to own for the long haul? Investors are...分析記事 • Dec 04Should We Be Excited About The Trends Of Returns At Arlitech Electronic (GTSM:6432)?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Is New 90 Day High Low • Dec 04New 90-day high: NT$39.60The company is up 2.0% from its price of NT$38.80 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.95The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$303.2m (up 28% from 3Q 2019). Net income: NT$24.3m (up 24% from 3Q 2019). Profit margin: 8.0% (down from 8.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year.配当金の支払いについて今日Jun 22 2026配当落ち日Aug 18 2026配当支払日Sep 15 202628 days 配当落ちから次の57 days 、次の配当を受け取るために購入する。決済の安定と成長配当データの取得安定した配当: 6432の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 6432の配当金支払額は過去10年間減少しています。配当利回り対市場Arlitech Electronic 配当利回り対市場6432 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (6432)1.4%市場下位25% (TW)1.4%市場トップ25% (TW)4.8%業界平均 (Electronic)1.2%アナリスト予想 (6432) (最長3年)n/a注目すべき配当: 6432の配当金 ( 1.38% ) はTW市場の配当金支払者の下位 25% ( 1.38% ) よりも高くなっています。高配当: 6432の配当金 ( 1.38% ) はTW市場の配当金支払者の上位 25% ( 4.84% ) と比較すると低いです。株主への利益配当収益カバレッジ: 6432は高い 配当性向 ( 250.9% ) のため、配当金の支払いは利益によって十分にカバーされていません。株主配当金キャッシュフローカバレッジ: 6432は高い 現金配当性向 ( 319% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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2026/06/22 15:10終値2026/06/18 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Arlitech Electronic Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Yucheng ChuCapital Securities Corporation
Declared Dividend • Jun 13Dividend reduced to NT$1.16Dividend of NT$1.16 is 17% lower than last year. Ex-date: 18th August 2026 Payment date: 15th September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio) nor is it covered by cash flows (319% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 72% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend.
Upcoming Dividend • Aug 07Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 15 September 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).
Declared Dividend • Jul 07Dividend increased to NT$1.40Dividend of NT$1.40 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.6% 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 decline by 4.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 6.4% EPS decline seen over the last 5 years.
Upcoming Dividend • Aug 19Upcoming dividend of NT$1.24 per shareEligible shareholders must have bought the stock before 26 August 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).
Upcoming Dividend • Jul 10Upcoming dividend of NT$1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.3%).
Upcoming Dividend • Aug 10Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 17 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).
Declared Dividend • Jun 13Dividend reduced to NT$1.16Dividend of NT$1.16 is 17% lower than last year. Ex-date: 18th August 2026 Payment date: 15th September 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (155% earnings payout ratio) nor is it covered by cash flows (319% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 72% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$59.10, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 38x in the Electronic industry in Taiwan. Total returns to shareholders of 80% over the past three years.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$0.74 (vs NT$0.45 in 1Q 2025)First quarter 2026 results: EPS: NT$0.74 (up from NT$0.45 in 1Q 2025). Revenue: NT$293.7m (up 2.3% from 1Q 2025). Net income: NT$23.9m (up 65% from 1Q 2025). Profit margin: 8.2% (up from 5.1% in 1Q 2025). The increase in margin was primarily driven by higher revenue. 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 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$37.25, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 24% over the past three years.
New Risk • Apr 13New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 251% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.27b market cap, or US$40.0m).
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.48 (vs NT$1.68 in FY 2024)Full year 2025 results: EPS: NT$0.48 (down from NT$1.68 in FY 2024). Revenue: NT$1.12b (up 10% from FY 2024). Net income: NT$15.5m (down 71% from FY 2024). Profit margin: 1.4% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 06Arlitech Electronic Corp., Annual General Meeting, Jun 11, 2026Arlitech Electronic Corp., Annual General Meeting, Jun 11, 2026. Location: no,88, min ch`uan rd., banciao district, new taipei city Taiwan
New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 256% Cash payout ratio: 154% Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$1.06b market cap, or US$33.6m).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.49 (vs NT$0.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.49 (up from NT$0.12 in 3Q 2024). Revenue: NT$290.8m (up 5.8% from 3Q 2024). Net income: NT$15.7m (up 307% from 3Q 2024). Profit margin: 5.4% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Oct 29Now 20% undervaluedOver the last 90 days, the stock has risen 32% to NT$36.95. The fair value is estimated to be NT$46.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 22%.
New Risk • Oct 28New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (NT$1.23b market cap, or US$40.3m).
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 221% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (NT$906.0m market cap, or US$30.2m).
Upcoming Dividend • Aug 07Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 14 August 2025. Payment date: 15 September 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%).
Declared Dividend • Jul 07Dividend increased to NT$1.40Dividend of NT$1.40 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.6% 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 decline by 4.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 6.4% EPS decline seen over the last 5 years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.45 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$0.45 (down from NT$0.51 in 1Q 2024). Revenue: NT$287.2m (up 25% from 1Q 2024). Net income: NT$14.5m (down 6.7% from 1Q 2024). Profit margin: 5.1% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$24.05, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 25% over the past three years.
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.68 (vs NT$1.19 in FY 2023)Full year 2024 results: EPS: NT$1.68 (up from NT$1.19 in FY 2023). Revenue: NT$1.02b (down 5.6% from FY 2023). Net income: NT$52.7m (up 45% from FY 2023). Profit margin: 5.2% (up from 3.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 07Arlitech Electronic Corp., Annual General Meeting, Jun 19, 2025Arlitech Electronic Corp., Annual General Meeting, Jun 19, 2025. Location: no,79, hsin pei ta tao, sinjhuang district, new taipei city Taiwan
New Risk • Aug 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% 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 Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (NT$1.14b market cap, or US$35.6m).
Upcoming Dividend • Aug 19Upcoming dividend of NT$1.24 per shareEligible shareholders must have bought the stock before 26 August 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.8%).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.63 (up from NT$0.46 in 2Q 2023). Revenue: NT$266.4m (flat on 2Q 2023). Net income: NT$19.2m (up 38% from 2Q 2023). Profit margin: 7.2% (up from 5.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.16 in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (up from NT$0.16 in 1Q 2023). Revenue: NT$230.1m (down 7.0% from 1Q 2023). Net income: NT$15.6m (up 215% from 1Q 2023). Profit margin: 6.8% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.19 (vs NT$1.50 in FY 2022)Full year 2023 results: EPS: NT$1.19 (down from NT$1.50 in FY 2022). Revenue: NT$1.08b (down 3.0% from FY 2022). Net income: NT$36.4m (down 21% from FY 2022). Profit margin: 3.4% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 14Arlitech Electronic Corp., Annual General Meeting, Jun 13, 2024Arlitech Electronic Corp., Annual General Meeting, Jun 13, 2024.
New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Paying a dividend despite having no free cash flows. Earnings have declined by 3.8% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (NT$1.14b market cap, or US$36.0m).
New Risk • Nov 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 5.9% 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 earnings (162% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (NT$1.18b market cap, or US$36.2m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.44 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (up from NT$0.44 in 2Q 2022). Revenue: NT$265.7m (down 5.9% from 2Q 2022). Net income: NT$14.0m (up 2.8% from 2Q 2022). Profit margin: 5.3% (up from 4.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 10Upcoming dividend of NT$1.50 per share at 4.3% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 15 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.3%).
Reported Earnings • Mar 28Full year 2022 earnings released: EPS: NT$1.50 (vs NT$2.91 in FY 2021)Full year 2022 results: EPS: NT$1.50 (down from NT$2.91 in FY 2021). Revenue: NT$1.11b (down 18% from FY 2021). Net income: NT$45.9m (down 48% from FY 2021). Profit margin: 4.1% (down from 6.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$35.35, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.59 (vs NT$0.71 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.59 (down from NT$0.71 in 3Q 2021). Revenue: NT$237.9m (down 30% from 3Q 2021). Net income: NT$18.0m (down 17% from 3Q 2021). Profit margin: 7.6% (up from 6.4% 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 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$27.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.44 (vs NT$0.93 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.44 (down from NT$0.93 in 2Q 2021). Revenue: NT$282.3m (down 26% from 2Q 2021). Net income: NT$13.6m (down 52% from 2Q 2021). Profit margin: 4.8% (down from 7.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
Upcoming Dividend • Aug 10Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 17 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$32.05, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 48% over the past three years.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.75 (vs NT$0.75 in 1Q 2021). Revenue: NT$358.2m (up 17% from 1Q 2021). Net income: NT$23.0m (up 2.4% from 1Q 2021). Profit margin: 6.4% (down from 7.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.95 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$340.6m (up 12% from 3Q 2020). Net income: NT$21.7m (down 11% from 3Q 2020). Profit margin: 6.4% (down from 8.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 26Upcoming dividend of NT$1.57 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 29 September 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS NT$0.93 (vs NT$0.95 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$382.3m (up 40% from 2Q 2020). Net income: NT$28.0m (up 21% from 2Q 2020). Profit margin: 7.3% (down from 8.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.
Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.75 (vs NT$0.41 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$305.9m (up 34% from 1Q 2020). Net income: NT$22.4m (up 136% from 1Q 2020). Profit margin: 7.3% (up from 4.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 30Arlitech Electronic (GTSM:6432) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Apr 07Should Arlitech Electronic Corp. (GTSM:6432) Be Part Of Your Dividend Portfolio?Is Arlitech Electronic Corp. ( GTSM:6432 ) a good dividend stock? How can we tell? Dividend paying companies with...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$45.85, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 161% over the past three years.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.91 (vs NT$2.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.10b (up 19% from FY 2019). Net income: NT$74.9m (up 44% from FY 2019). Profit margin: 6.8% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 17We're Watching These Trends At Arlitech Electronic (GTSM:6432)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Feb 24New 90-day high: NT$40.20The company is up 6.0% from its price of NT$37.90 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 27% over the same period.
分析記事 • Feb 23Has Arlitech Electronic Corp.'s (GTSM:6432) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Arlitech Electronic's (GTSM:6432) stock is up by a considerable 8.5% over the past month. As most would know...
分析記事 • Feb 03We're Not So Sure You Should Rely on Arlitech Electronic's (GTSM:6432) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
分析記事 • Jan 11These 4 Measures Indicate That Arlitech Electronic (GTSM:6432) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Is New 90 Day High Low • Jan 11New 90-day high: NT$39.75The company is up 8.0% from its price of NT$36.75 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.
分析記事 • Dec 22Does Arlitech Electronic Corp. (GTSM:6432) Have A Place In Your Dividend Stock Portfolio?Could Arlitech Electronic Corp. ( GTSM:6432 ) be an attractive dividend share to own for the long haul? Investors are...
分析記事 • Dec 04Should We Be Excited About The Trends Of Returns At Arlitech Electronic (GTSM:6432)?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Is New 90 Day High Low • Dec 04New 90-day high: NT$39.60The company is up 2.0% from its price of NT$38.80 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.95The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$303.2m (up 28% from 3Q 2019). Net income: NT$24.3m (up 24% from 3Q 2019). Profit margin: 8.0% (down from 8.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year.