AMPAK Technology（6546）株式概要AMPAK Technology Inc.は台湾で無線モジュールの研究、設計、開発、生産、マーケティング、販売を行っています。 詳細6546 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長5/6過去の実績1/6財務の健全性5/6配当金3/6報酬株価収益率（ 28 x）は、 Communications業界平均（ 35.4 x）を下回っています。収益は年間71.33%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析3.36%の配当は利益で十分にカバーされていない すべてのリスクチェックを見る6546 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$74.4070.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011b2016201920222025202620282031Revenue NT$10.6bEarnings NT$843.0mAdvancedSet Fair ValueView all narrativesAMPAK Technology Inc. 競合他社YFC-Boneagle ElectricSymbol: TPEX:6220Market cap: NT$5.2bTWOWAY CommunicationsSymbol: TWSE:8045Market cap: NT$5.8bAuden TechnoSymbol: TWSE:3138Market cap: NT$7.3bLoop Telecommunication InternationalSymbol: TWSE:3025Market cap: NT$4.0b価格と性能株価の高値、安値、推移の概要AMPAK Technology過去の株価現在の株価NT$74.4052週高値NT$91.6052週安値NT$58.10ベータ0.831ヶ月の変化11.54%3ヶ月変化-4.86%1年変化-17.61%3年間の変化-16.78%5年間の変化-12.98%IPOからの変化170.55%最新ニュースDeclared Dividend • Jun 10Dividend reduced to NT$2.50Dividend of NT$2.50 is 29% lower than last year. Ex-date: 7th July 2026 Payment date: 29th July 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% 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 grow by 4.4% to bring the payout ratio under control. EPS is expected to grow by 71% over the next year, which is sufficient to bring the dividend into a sustainable range.Buy Or Sell Opportunity • May 29Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to NT$83.00. The fair value is estimated to be NT$67.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 43% in a year. Earnings are forecast to grow by 133% in the next year.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$78.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 6.7% over the past three years.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.90 (vs NT$0.97 in 1Q 2025)First quarter 2026 results: EPS: NT$0.90 (down from NT$0.97 in 1Q 2025). Revenue: NT$504.2m (down 16% from 1Q 2025). Net income: NT$59.8m (down 7.5% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.73 (down from NT$3.59 in FY 2024). Revenue: NT$2.34b (down 1.7% from FY 2024). Net income: NT$182.6m (down 23% from FY 2024). Profit margin: 7.8% (down from 10.0% in FY 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Mar 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Dividend yield: 4.4% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).最新情報をもっと見るRecent updatesDeclared Dividend • Jun 10Dividend reduced to NT$2.50Dividend of NT$2.50 is 29% lower than last year. Ex-date: 7th July 2026 Payment date: 29th July 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% 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 grow by 4.4% to bring the payout ratio under control. EPS is expected to grow by 71% over the next year, which is sufficient to bring the dividend into a sustainable range.Buy Or Sell Opportunity • May 29Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to NT$83.00. The fair value is estimated to be NT$67.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 43% in a year. Earnings are forecast to grow by 133% in the next year.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$78.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 6.7% over the past three years.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.90 (vs NT$0.97 in 1Q 2025)First quarter 2026 results: EPS: NT$0.90 (down from NT$0.97 in 1Q 2025). Revenue: NT$504.2m (down 16% from 1Q 2025). Net income: NT$59.8m (down 7.5% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.73 (down from NT$3.59 in FY 2024). Revenue: NT$2.34b (down 1.7% from FY 2024). Net income: NT$182.6m (down 23% from FY 2024). Profit margin: 7.8% (down from 10.0% in FY 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Mar 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Dividend yield: 4.4% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).お知らせ • Mar 05AMPAK Technology Inc., Annual General Meeting, May 22, 2026AMPAK Technology Inc., Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,11, huan k`o 1st rd., jhubei city, hsinchu county TaiwanNew Risk • Mar 03New 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 7.5% 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 (127% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$70.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 3.7% over the past three years.Price Target Changed • Nov 21Price target decreased by 20% to NT$100.00Down from NT$125, the current price target is provided by 1 analyst. New target price is 70% above last closing price of NT$58.80. Stock is down 58% over the past year. The company is forecast to post earnings per share of NT$2.53 for next year compared to NT$3.59 last year.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$1.01 (vs NT$0.67 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.01 (up from NT$0.67 in 3Q 2024). Revenue: NT$534.6m (down 17% from 3Q 2024). Net income: NT$67.8m (up 53% from 3Q 2024). Profit margin: 13% (up from 6.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Communications industry in Taiwan. 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 2% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Nov 05Now 25% overvaluedOver the last 90 days, the stock has fallen 13% to NT$69.90. The fair value is estimated to be NT$55.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 41%. Revenue is forecast to grow by 18% in a year. Earnings are forecast to grow by 94% in the next year.New Risk • Aug 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% 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: Minor Risks Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin).Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.91 profit in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (down from NT$0.91 profit in 2Q 2024). Revenue: NT$610.8m (flat on 2Q 2024). Net loss: NT$17.2m (down 129% from profit in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 06Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$3.12b to NT$2.51b. EPS estimate fell from NT$6.25 to NT$2.89 per share. Net income forecast to grow 5.9% next year vs 20% growth forecast for Communications industry in Taiwan. Consensus price target up from NT$125 to NT$130. Share price was steady at NT$78.30 over the past week.Upcoming Dividend • Jun 18Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 16 July 2025. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).Declared Dividend • May 29Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 25th June 2025 Payment date: 16th July 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.6% to bring the payout ratio under control, which is less than the 17% EPS growth achieved over the last 5 years.Reported Earnings • May 08First quarter 2025 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2025 results: EPS: NT$0.97 (down from NT$0.98 in 1Q 2024). Revenue: NT$600.9m (up 16% from 1Q 2024). Net income: NT$64.7m (flat on 1Q 2024). Profit margin: 11% (down from 13% 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 38% 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.Major Estimate Revision • Apr 30Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$3.78b to NT$3.12b. EPS estimate fell from NT$7.96 to NT$6.25 per share. Net income forecast to grow 75% next year vs 44% growth forecast for Communications industry in Taiwan. Consensus price target down from NT$160 to NT$125. Share price rose 6.4% to NT$95.40 over the past week.お知らせ • Apr 22AMPAK Technology Inc. to Report Q1, 2025 Results on Apr 29, 2025AMPAK Technology Inc. announced that they will report Q1, 2025 results on Apr 29, 2025Buy Or Sell Opportunity • Apr 08Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to NT$90.00. The fair value is estimated to be NT$121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 59% in a year. Earnings are forecast to grow by 121% in the next year.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$108, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Communications industry in Taiwan. Total loss to shareholders of 11% over the past three years.Reported Earnings • Mar 13Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$3.59 (down from NT$4.19 in FY 2023). Revenue: NT$2.38b (up 8.9% from FY 2023). Net income: NT$238.4m (down 14% from FY 2023). Profit margin: 10.0% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Over the last 3 years on average, earnings per share has fallen by 34% 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 05AMPAK Technology Inc., Annual General Meeting, May 27, 2025AMPAK Technology Inc., Annual General Meeting, May 27, 2025. Location: 1 floor no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwanお知らせ • Feb 25AMPAK Technology Inc. to Report Fiscal Year 2024 Results on Mar 04, 2025AMPAK Technology Inc. announced that they will report fiscal year 2024 results on Mar 04, 2025Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$152, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 24% over the past three years.Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$153, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 47% over the past three years.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$140, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.Buy Or Sell Opportunity • Nov 16Now 24% overvaluedOver the last 90 days, the stock has fallen 31% to NT$122. The fair value is estimated to be NT$98.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 46% in a year. Earnings are forecast to grow by 128% in the next year.Reported Earnings • Nov 09Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.67 (down from NT$1.78 in 3Q 2023). Revenue: NT$645.5m (up 6.9% from 3Q 2023). Net income: NT$44.2m (down 63% from 3Q 2023). Profit margin: 6.9% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Communications 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 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$120, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 57% over the past three years.お知らせ • Oct 29AMPAK Technology Inc. to Report Q3, 2024 Results on Nov 05, 2024AMPAK Technology Inc. announced that they will report Q3, 2024 results on Nov 05, 2024Buy Or Sell Opportunity • Oct 22Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$157. The fair value is estimated to be NT$130, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 44% in a year. Earnings are forecast to grow by 68% in the next year.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$168, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 139% over the past three years.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$211, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Communications industry in Taiwan. Total returns to shareholders of 177% over the past three years.New Risk • Aug 28New 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 9.4% 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 (9.4% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 18Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.91 (down from NT$1.20 in 2Q 2023). Revenue: NT$607.2m (up 6.9% from 2Q 2023). Net income: NT$60.1m (down 25% from 2Q 2023). Profit margin: 9.9% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications 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 21% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Aug 07Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$165. The fair value is estimated to be NT$129, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 33% in a year. Earnings are forecast to grow by 33% in the next year.お知らせ • Jul 30AMPAK Technology Inc. to Report Q2, 2024 Results on Aug 06, 2024AMPAK Technology Inc. announced that they will report Q2, 2024 results on Aug 06, 2024Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$182, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 119% over the past three years.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$140, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 86% over the past three years.Upcoming Dividend • Jun 06Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 05 July 2024. Payout ratio and cash payout ratio are on the higher end at 78% and 87% respectively. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$0.98 (up from NT$0.67 in 1Q 2023). Revenue: NT$520.1m (up 15% from 1Q 2023). Net income: NT$64.8m (up 46% from 1Q 2023). Profit margin: 13% (up from 9.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • May 14Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to NT$146. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.8% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 101% in the next 2 years.お知らせ • May 02AMPAK Technology Inc. to Report Q1, 2024 Results on May 07, 2024AMPAK Technology Inc. announced that they will report Q1, 2024 results on May 07, 2024Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$4.19 (down from NT$7.77 in FY 2022). Revenue: NT$2.19b (down 38% from FY 2022). Net income: NT$277.7m (down 44% from FY 2022). Profit margin: 13% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$122, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 72% over the past three years.お知らせ • Mar 06+ 1 more updateAMPAK Technology Inc., Annual General Meeting, May 24, 2024AMPAK Technology Inc., Annual General Meeting, May 24, 2024. Location: 1F., No. 11, Huanke 1st Rd, Hsinchu County Conference room (1) Zhubei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider 2023 employees' profit sharing bonus and directors' compensation Distribution for the Fiscal Year 2023; to consider Adoption of the Proposal for 2023 Profit Distribution; and to consider other matters.Buy Or Sell Opportunity • Feb 21Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 69% to NT$150. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.Buy Or Sell Opportunity • Jan 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 73% to NT$135. The fair value is estimated to be NT$112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$130, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 116% over the past three years.New Risk • Jan 22New 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 7.2% 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 Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 165% Paying a dividend despite having no free cash flows. High level of non-cash earnings (77% accrual ratio).Buying Opportunity • Oct 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 21% in a year. Earnings is forecast to grow by 36% in the next year.Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.20 (down from NT$2.73 in 2Q 2022). Revenue: NT$568.2m (down 46% from 2Q 2022). Net income: NT$79.7m (down 54% from 2Q 2022). Profit margin: 14% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan.New Risk • Jul 19New 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 6.4% 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: 108% Paying a dividend despite having no free cash flows. High level of non-cash earnings (113% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$98.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past year.Upcoming Dividend • Jun 20Upcoming dividend of NT$6.50 per share at 7.3% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).Major Estimate Revision • Jun 15Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$2.65b to NT$2.29b. EPS estimate fell from NT$5.31 to NT$4.38 per share. Net income forecast to shrink 11% next year vs 5.8% growth forecast for Communications industry in Taiwan . Consensus price target of NT$120 unchanged from last update. Share price rose 4.5% to NT$90.20 over the past week.Major Estimate Revision • May 09Consensus EPS estimates fall by 10%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$2.53b to NT$2.65b. EPS estimate fell from NT$5.90 to NT$5.31 per share. Net income forecast to shrink 29% next year vs 8.7% growth forecast for Communications industry in Taiwan . Consensus price target up from NT$71.00 to NT$120. Share price was steady at NT$83.00 over the past week.Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$7.77 (up from NT$6.78 in FY 2021). Revenue: NT$3.51b (up 3.4% from FY 2021). Net income: NT$496.5m (up 22% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$82.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Communications industry in Taiwan. Total loss to shareholders of 30% over the past year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: NT$2.42 (up from NT$2.01 in 3Q 2021). Revenue: NT$879.0m (down 8.2% from 3Q 2021). Net income: NT$160.3m (up 32% from 3Q 2021). Profit margin: 18% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Communications industry in Taiwan.Major Estimate Revision • Nov 11Consensus revenue estimates fall by 22%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$4.43b to NT$3.47b. EPS estimate fell from NT$9.76 to NT$8.02 per share. Net income forecast to shrink 14% next year vs 36% growth forecast for Communications industry in Taiwan . Consensus price target down from NT$157 to NT$80.00. Share price fell 8.8% to NT$71.90 over the past week.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$86.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Communications industry in Taiwan. Total returns to shareholders of 18% over the past year.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$2.73 (vs NT$1.63 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.73 (up from NT$1.63 in 2Q 2021). Revenue: NT$1.06b (up 29% from 2Q 2021). Net income: NT$172.2m (up 75% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the industry in Taiwan.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$105, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 27% over the past year.Upcoming Dividend • Jun 20Upcoming dividend of NT$5.46 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 86%. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$139, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 65% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$229 per share.Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$2.42 (vs NT$1.09 in 1Q 2021)First quarter 2022 results: EPS: NT$2.42 (up from NT$1.09 in 1Q 2021). Revenue: NT$1.06b (up 82% from 1Q 2021). Net income: NT$145.6m (up 121% from 1Q 2021). Profit margin: 14% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$6.78 (vs NT$4.76 in FY 2020)Full year 2021 results: EPS: NT$6.78 (up from NT$4.76 in FY 2020). Revenue: NT$3.39b (up 27% from FY 2020). Net income: NT$408.2m (up 43% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue.お知らせ • Mar 23AMPAK Technology Inc., Annual General Meeting, Jun 08, 2022AMPAK Technology Inc., Annual General Meeting, Jun 08, 2022.Reported Earnings • Dec 24Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: NT$2.01 (up from NT$1.40 in 3Q 2020). Revenue: NT$957.5m (up 30% from 3Q 2020). Net income: NT$121.2m (up 43% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$79.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 21x in the Communications industry in Taiwan.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.63 (vs NT$1.30 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$819.3m (up 12% from 2Q 2020). Net income: NT$98.2m (up 26% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.Director Overboarding • Aug 04Director Yung-Shun Chuang has joined 7th company boardDirector Yung-Shun Chuang has been appointed to the board of Taiflex Scientific Co., Ltd. (TWSE:8039). Chuang now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Onyx Healthcare Inc. (TPEX:6569), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model.Upcoming Dividend • Jul 23Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 25 August 2021. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.8%).Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$4.76 (vs NT$1.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.67b (up 22% from FY 2019). Net income: NT$286.5m (up 218% from FY 2019). Profit margin: 11% (up from 4.1% 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 67% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 06Would AMPAK Technology Inc. (GTSM:6546) Be Valuable To Income Investors?Could AMPAK Technology Inc. ( GTSM:6546 ) be an attractive dividend share to own for the long haul? Investors are often...お知らせ • Mar 21AMPAK Technology Inc., Annual General Meeting, Jun 08, 2021AMPAK Technology Inc., Annual General Meeting, Jun 08, 2021.分析記事 • Mar 10Returns On Capital - An Important Metric For AMPAK Technology (GTSM:6546)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...分析記事 • Feb 10Should You Rely On AMPAK Technology's (GTSM:6546) Earnings Growth?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. Having said that...Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.30, the stock is trading at a trailing P/E ratio of 32.5x, up from the previous P/E ratio of 27.9x. This compares to an average P/E of 21x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 417%.分析記事 • Jan 20AMPAK Technology Inc.'s (GTSM:6546) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?AMPAK Technology (GTSM:6546) has had a great run on the share market with its stock up by a significant 5.5% over the...分析記事 • Dec 30AMPAK Technology Inc. (GTSM:6546) Not Flying Under The RadarAMPAK Technology Inc.'s ( GTSM:6546 ) price-to-earnings (or "P/E") ratio of 27.6x might make it look like a sell right...分析記事 • Dec 09Does AMPAK Technology Inc. (GTSM:6546) Have A Place In Your Dividend Portfolio?Today we'll take a closer look at AMPAK Technology Inc. ( GTSM:6546 ) from a dividend investor's perspective. Owning a...分析記事 • Nov 18These Trends Paint A Bright Future For AMPAK Technology (GTSM:6546)What are the early trends we should look for to identify a stock that could multiply in value over the long term...株主還元6546TW CommunicationsTW 市場7D0.3%-1.4%2.3%1Y-17.6%155.7%104.6%株主還元を見る業界別リターン: 6546過去 1 年間で155.7 % の収益を上げたTW Communications業界を下回りました。リターン対市場: 6546は、過去 1 年間で104.6 % のリターンを上げたTW市場を下回りました。価格変動Is 6546's price volatile compared to industry and market?6546 volatility6546 Average Weekly Movement7.1%Communications Industry Average Movement7.4%Market Average Movement6.3%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.5%安定した株価: 6546 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 6546の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2000n/aYing-Ru Weiwww.ampak.com.twAMPAK Technology Inc.は台湾で無線モジュールの研究、設計、開発、製造、マーケティング、販売を行っている。同社は、無線通信機器・装置の製造、卸売、小売、電子部品・材料の卸売、小売、データ保存・処理装置、有線通信機器・装置の製造に携わっている。Wi-Fi/Bluetooth、システム・オン・モジュール、GNSSソリューションも提供。同社は、ホームヘルスケア、産業、自動車、スマートスピーカー、OTT/STB、IP CAM、電子書籍、スマートホーム、POS、VoIP分野にソリューションを提供している。AMPAK Technology Inc.の前身はTaidian Electronics Co Ltd.で、2000年12月に社名をAMPAK Technology Inc.に変更した。同社は2000年に設立され、台湾の竹北に本社を置いている。もっと見るAMPAK Technology Inc. 基礎のまとめAMPAK Technology の収益と売上を時価総額と比較するとどうか。6546 基礎統計学時価総額NT$4.97b収益（TTM）NT$177.79m売上高(TTM)NT$2.24b28.0xPER（株価収益率2.2xP/Sレシオ6546 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6546 損益計算書（TTM）収益NT$2.24b売上原価NT$1.70b売上総利益NT$547.51mその他の費用NT$369.72m収益NT$177.79m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）2.66グロス・マージン24.41%純利益率7.93%有利子負債／自己資本比率29.6%6546 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3.4%現在の配当利回り94%配当性向6546 配当は確実ですか？6546 配当履歴とベンチマークを見る6546 、いつまでに購入すれば配当金を受け取れますか？AMPAK Technology 配当日配当落ち日Jul 07 2026配当支払日Jul 29 2026配当落ちまでの日数19 days配当支払日までの日数41 days6546 配当は確実ですか？6546 配当履歴とベンチマークを見る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2026/06/17 01:42終値2026/06/17 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AMPAK Technology Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Jackson ChiangKGI Securities Co. Ltd.
Declared Dividend • Jun 10Dividend reduced to NT$2.50Dividend of NT$2.50 is 29% lower than last year. Ex-date: 7th July 2026 Payment date: 29th July 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% 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 grow by 4.4% to bring the payout ratio under control. EPS is expected to grow by 71% over the next year, which is sufficient to bring the dividend into a sustainable range.
Buy Or Sell Opportunity • May 29Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to NT$83.00. The fair value is estimated to be NT$67.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 43% in a year. Earnings are forecast to grow by 133% in the next year.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$78.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 6.7% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.90 (vs NT$0.97 in 1Q 2025)First quarter 2026 results: EPS: NT$0.90 (down from NT$0.97 in 1Q 2025). Revenue: NT$504.2m (down 16% from 1Q 2025). Net income: NT$59.8m (down 7.5% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.73 (down from NT$3.59 in FY 2024). Revenue: NT$2.34b (down 1.7% from FY 2024). Net income: NT$182.6m (down 23% from FY 2024). Profit margin: 7.8% (down from 10.0% in FY 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Mar 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Dividend yield: 4.4% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
Declared Dividend • Jun 10Dividend reduced to NT$2.50Dividend of NT$2.50 is 29% lower than last year. Ex-date: 7th July 2026 Payment date: 29th July 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 9.6% 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 grow by 4.4% to bring the payout ratio under control. EPS is expected to grow by 71% over the next year, which is sufficient to bring the dividend into a sustainable range.
Buy Or Sell Opportunity • May 29Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.8% to NT$83.00. The fair value is estimated to be NT$67.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 43% in a year. Earnings are forecast to grow by 133% in the next year.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$78.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 6.7% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.90 (vs NT$0.97 in 1Q 2025)First quarter 2026 results: EPS: NT$0.90 (down from NT$0.97 in 1Q 2025). Revenue: NT$504.2m (down 16% from 1Q 2025). Net income: NT$59.8m (down 7.5% from 1Q 2025). Profit margin: 12% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.73 (down from NT$3.59 in FY 2024). Revenue: NT$2.34b (down 1.7% from FY 2024). Net income: NT$182.6m (down 23% from FY 2024). Profit margin: 7.8% (down from 10.0% in FY 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Mar 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Dividend yield: 4.4% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 90% Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
お知らせ • Mar 05AMPAK Technology Inc., Annual General Meeting, May 22, 2026AMPAK Technology Inc., Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwan
New Risk • Mar 03New 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 7.5% 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 (127% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$70.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 3.7% over the past three years.
Price Target Changed • Nov 21Price target decreased by 20% to NT$100.00Down from NT$125, the current price target is provided by 1 analyst. New target price is 70% above last closing price of NT$58.80. Stock is down 58% over the past year. The company is forecast to post earnings per share of NT$2.53 for next year compared to NT$3.59 last year.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$1.01 (vs NT$0.67 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.01 (up from NT$0.67 in 3Q 2024). Revenue: NT$534.6m (down 17% from 3Q 2024). Net income: NT$67.8m (up 53% from 3Q 2024). Profit margin: 13% (up from 6.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Communications industry in Taiwan. 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 2% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Nov 05Now 25% overvaluedOver the last 90 days, the stock has fallen 13% to NT$69.90. The fair value is estimated to be NT$55.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 41%. Revenue is forecast to grow by 18% in a year. Earnings are forecast to grow by 94% in the next year.
New Risk • Aug 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% 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: Minor Risks Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin).
Reported Earnings • Aug 07Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.91 profit in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (down from NT$0.91 profit in 2Q 2024). Revenue: NT$610.8m (flat on 2Q 2024). Net loss: NT$17.2m (down 129% from profit in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 06Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$3.12b to NT$2.51b. EPS estimate fell from NT$6.25 to NT$2.89 per share. Net income forecast to grow 5.9% next year vs 20% growth forecast for Communications industry in Taiwan. Consensus price target up from NT$125 to NT$130. Share price was steady at NT$78.30 over the past week.
Upcoming Dividend • Jun 18Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 25 June 2025. Payment date: 16 July 2025. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.4%).
Declared Dividend • May 29Dividend of NT$3.50 announcedDividend of NT$3.50 is the same as last year. Ex-date: 25th June 2025 Payment date: 16th July 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is well covered by cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.6% to bring the payout ratio under control, which is less than the 17% EPS growth achieved over the last 5 years.
Reported Earnings • May 08First quarter 2025 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2025 results: EPS: NT$0.97 (down from NT$0.98 in 1Q 2024). Revenue: NT$600.9m (up 16% from 1Q 2024). Net income: NT$64.7m (flat on 1Q 2024). Profit margin: 11% (down from 13% 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 38% 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.
Major Estimate Revision • Apr 30Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$3.78b to NT$3.12b. EPS estimate fell from NT$7.96 to NT$6.25 per share. Net income forecast to grow 75% next year vs 44% growth forecast for Communications industry in Taiwan. Consensus price target down from NT$160 to NT$125. Share price rose 6.4% to NT$95.40 over the past week.
お知らせ • Apr 22AMPAK Technology Inc. to Report Q1, 2025 Results on Apr 29, 2025AMPAK Technology Inc. announced that they will report Q1, 2025 results on Apr 29, 2025
Buy Or Sell Opportunity • Apr 08Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to NT$90.00. The fair value is estimated to be NT$121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 59% in a year. Earnings are forecast to grow by 121% in the next year.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$108, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Communications industry in Taiwan. Total loss to shareholders of 11% over the past three years.
Reported Earnings • Mar 13Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$3.59 (down from NT$4.19 in FY 2023). Revenue: NT$2.38b (up 8.9% from FY 2023). Net income: NT$238.4m (down 14% from FY 2023). Profit margin: 10.0% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Over the last 3 years on average, earnings per share has fallen by 34% 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 05AMPAK Technology Inc., Annual General Meeting, May 27, 2025AMPAK Technology Inc., Annual General Meeting, May 27, 2025. Location: 1 floor no,11, huan k`o 1st rd., jhubei city, hsinchu county Taiwan
お知らせ • Feb 25AMPAK Technology Inc. to Report Fiscal Year 2024 Results on Mar 04, 2025AMPAK Technology Inc. announced that they will report fiscal year 2024 results on Mar 04, 2025
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$152, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 24% over the past three years.
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$153, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$140, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.
Buy Or Sell Opportunity • Nov 16Now 24% overvaluedOver the last 90 days, the stock has fallen 31% to NT$122. The fair value is estimated to be NT$98.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 46% in a year. Earnings are forecast to grow by 128% in the next year.
Reported Earnings • Nov 09Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.67 (down from NT$1.78 in 3Q 2023). Revenue: NT$645.5m (up 6.9% from 3Q 2023). Net income: NT$44.2m (down 63% from 3Q 2023). Profit margin: 6.9% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Communications 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 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$120, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 57% over the past three years.
お知らせ • Oct 29AMPAK Technology Inc. to Report Q3, 2024 Results on Nov 05, 2024AMPAK Technology Inc. announced that they will report Q3, 2024 results on Nov 05, 2024
Buy Or Sell Opportunity • Oct 22Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$157. The fair value is estimated to be NT$130, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 44% in a year. Earnings are forecast to grow by 68% in the next year.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$168, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 139% over the past three years.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$211, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Communications industry in Taiwan. Total returns to shareholders of 177% over the past three years.
New Risk • Aug 28New 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 9.4% 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 (9.4% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 18Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.91 (down from NT$1.20 in 2Q 2023). Revenue: NT$607.2m (up 6.9% from 2Q 2023). Net income: NT$60.1m (down 25% from 2Q 2023). Profit margin: 9.9% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications 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 21% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Aug 07Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$165. The fair value is estimated to be NT$129, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 33% in a year. Earnings are forecast to grow by 33% in the next year.
お知らせ • Jul 30AMPAK Technology Inc. to Report Q2, 2024 Results on Aug 06, 2024AMPAK Technology Inc. announced that they will report Q2, 2024 results on Aug 06, 2024
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$182, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 119% over the past three years.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$140, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Upcoming Dividend • Jun 06Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 05 July 2024. Payout ratio and cash payout ratio are on the higher end at 78% and 87% respectively. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).
Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$0.98 (up from NT$0.67 in 1Q 2023). Revenue: NT$520.1m (up 15% from 1Q 2023). Net income: NT$64.8m (up 46% from 1Q 2023). Profit margin: 13% (up from 9.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • May 14Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to NT$146. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.8% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 101% in the next 2 years.
お知らせ • May 02AMPAK Technology Inc. to Report Q1, 2024 Results on May 07, 2024AMPAK Technology Inc. announced that they will report Q1, 2024 results on May 07, 2024
Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$4.19 (down from NT$7.77 in FY 2022). Revenue: NT$2.19b (down 38% from FY 2022). Net income: NT$277.7m (down 44% from FY 2022). Profit margin: 13% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$122, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 72% over the past three years.
お知らせ • Mar 06+ 1 more updateAMPAK Technology Inc., Annual General Meeting, May 24, 2024AMPAK Technology Inc., Annual General Meeting, May 24, 2024. Location: 1F., No. 11, Huanke 1st Rd, Hsinchu County Conference room (1) Zhubei City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider 2023 employees' profit sharing bonus and directors' compensation Distribution for the Fiscal Year 2023; to consider Adoption of the Proposal for 2023 Profit Distribution; and to consider other matters.
Buy Or Sell Opportunity • Feb 21Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 69% to NT$150. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.
Buy Or Sell Opportunity • Jan 29Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 73% to NT$135. The fair value is estimated to be NT$112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$130, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 116% over the past three years.
New Risk • Jan 22New 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 7.2% 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 Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 165% Paying a dividend despite having no free cash flows. High level of non-cash earnings (77% accrual ratio).
Buying Opportunity • Oct 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 21% in a year. Earnings is forecast to grow by 36% in the next year.
Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$1.20 (down from NT$2.73 in 2Q 2022). Revenue: NT$568.2m (down 46% from 2Q 2022). Net income: NT$79.7m (down 54% from 2Q 2022). Profit margin: 14% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan.
New Risk • Jul 19New 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 6.4% 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: 108% Paying a dividend despite having no free cash flows. High level of non-cash earnings (113% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$98.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past year.
Upcoming Dividend • Jun 20Upcoming dividend of NT$6.50 per share at 7.3% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%).
Major Estimate Revision • Jun 15Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$2.65b to NT$2.29b. EPS estimate fell from NT$5.31 to NT$4.38 per share. Net income forecast to shrink 11% next year vs 5.8% growth forecast for Communications industry in Taiwan . Consensus price target of NT$120 unchanged from last update. Share price rose 4.5% to NT$90.20 over the past week.
Major Estimate Revision • May 09Consensus EPS estimates fall by 10%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$2.53b to NT$2.65b. EPS estimate fell from NT$5.90 to NT$5.31 per share. Net income forecast to shrink 29% next year vs 8.7% growth forecast for Communications industry in Taiwan . Consensus price target up from NT$71.00 to NT$120. Share price was steady at NT$83.00 over the past week.
Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$7.77 (up from NT$6.78 in FY 2021). Revenue: NT$3.51b (up 3.4% from FY 2021). Net income: NT$496.5m (up 22% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$82.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Communications industry in Taiwan. Total loss to shareholders of 30% over the past year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: NT$2.42 (up from NT$2.01 in 3Q 2021). Revenue: NT$879.0m (down 8.2% from 3Q 2021). Net income: NT$160.3m (up 32% from 3Q 2021). Profit margin: 18% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Communications industry in Taiwan.
Major Estimate Revision • Nov 11Consensus revenue estimates fall by 22%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$4.43b to NT$3.47b. EPS estimate fell from NT$9.76 to NT$8.02 per share. Net income forecast to shrink 14% next year vs 36% growth forecast for Communications industry in Taiwan . Consensus price target down from NT$157 to NT$80.00. Share price fell 8.8% to NT$71.90 over the past week.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$86.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Communications industry in Taiwan. Total returns to shareholders of 18% over the past year.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$2.73 (vs NT$1.63 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.73 (up from NT$1.63 in 2Q 2021). Revenue: NT$1.06b (up 29% from 2Q 2021). Net income: NT$172.2m (up 75% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the industry in Taiwan.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to NT$105, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 27% over the past year.
Upcoming Dividend • Jun 20Upcoming dividend of NT$5.46 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 86%. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.2%). Higher than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$139, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 65% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$229 per share.
Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$2.42 (vs NT$1.09 in 1Q 2021)First quarter 2022 results: EPS: NT$2.42 (up from NT$1.09 in 1Q 2021). Revenue: NT$1.06b (up 82% from 1Q 2021). Net income: NT$145.6m (up 121% from 1Q 2021). Profit margin: 14% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: NT$6.78 (vs NT$4.76 in FY 2020)Full year 2021 results: EPS: NT$6.78 (up from NT$4.76 in FY 2020). Revenue: NT$3.39b (up 27% from FY 2020). Net income: NT$408.2m (up 43% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue.
お知らせ • Mar 23AMPAK Technology Inc., Annual General Meeting, Jun 08, 2022AMPAK Technology Inc., Annual General Meeting, Jun 08, 2022.
Reported Earnings • Dec 24Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: NT$2.01 (up from NT$1.40 in 3Q 2020). Revenue: NT$957.5m (up 30% from 3Q 2020). Net income: NT$121.2m (up 43% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$79.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 21x in the Communications industry in Taiwan.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$1.63 (vs NT$1.30 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$819.3m (up 12% from 2Q 2020). Net income: NT$98.2m (up 26% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.
Director Overboarding • Aug 04Director Yung-Shun Chuang has joined 7th company boardDirector Yung-Shun Chuang has been appointed to the board of Taiflex Scientific Co., Ltd. (TWSE:8039). Chuang now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Onyx Healthcare Inc. (TPEX:6569), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model.
Upcoming Dividend • Jul 23Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 25 August 2021. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.8%).
Reported Earnings • Apr 25Full year 2020 earnings released: EPS NT$4.76 (vs NT$1.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.67b (up 22% from FY 2019). Net income: NT$286.5m (up 218% from FY 2019). Profit margin: 11% (up from 4.1% 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 67% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 06Would AMPAK Technology Inc. (GTSM:6546) Be Valuable To Income Investors?Could AMPAK Technology Inc. ( GTSM:6546 ) be an attractive dividend share to own for the long haul? Investors are often...
お知らせ • Mar 21AMPAK Technology Inc., Annual General Meeting, Jun 08, 2021AMPAK Technology Inc., Annual General Meeting, Jun 08, 2021.
分析記事 • Mar 10Returns On Capital - An Important Metric For AMPAK Technology (GTSM:6546)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
分析記事 • Feb 10Should You Rely On AMPAK Technology's (GTSM:6546) Earnings Growth?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. Having said that...
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.30, the stock is trading at a trailing P/E ratio of 32.5x, up from the previous P/E ratio of 27.9x. This compares to an average P/E of 21x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 417%.
分析記事 • Jan 20AMPAK Technology Inc.'s (GTSM:6546) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?AMPAK Technology (GTSM:6546) has had a great run on the share market with its stock up by a significant 5.5% over the...
分析記事 • Dec 30AMPAK Technology Inc. (GTSM:6546) Not Flying Under The RadarAMPAK Technology Inc.'s ( GTSM:6546 ) price-to-earnings (or "P/E") ratio of 27.6x might make it look like a sell right...
分析記事 • Dec 09Does AMPAK Technology Inc. (GTSM:6546) Have A Place In Your Dividend Portfolio?Today we'll take a closer look at AMPAK Technology Inc. ( GTSM:6546 ) from a dividend investor's perspective. Owning a...
分析記事 • Nov 18These Trends Paint A Bright Future For AMPAK Technology (GTSM:6546)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
