View Past PerformanceDas Technology バランスシートの健全性財務の健全性 基準チェック /46Das Technologyの総株主資本はNT$600.7M 、総負債はNT$254.9Mで、負債比率は42.4%となります。総資産と総負債はそれぞれNT$1.0BとNT$407.7Mです。主要情報42.44%負債資本比率NT$254.93m負債インタレスト・カバレッジ・レシオn/a現金NT$306.79mエクイティNT$600.66m負債合計NT$407.70m総資産NT$1.01b財務の健全性に関する最新情報分析記事 • Mar 19Does Das Technology (GTSM:6648) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesNew Risk • Apr 22New 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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (NT$1.17b market cap, or US$37.0m).Reported Earnings • Apr 06Full year 2025 earnings released: NT$1.43 loss per share (vs NT$3.27 loss in FY 2024)Full year 2025 results: NT$1.43 loss per share (improved from NT$3.27 loss in FY 2024). Revenue: NT$323.8m (down 26% from FY 2024). Net loss: NT$68.8m (loss narrowed 57% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Mar 24Das Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Das Technology Co., Ltd., Annual General Meeting, Jun 09, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,24, sec.1 hang chou s. rd., jhongjheng district, taipei city TaiwanNew Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$1.10b market cap, or US$34.8m).Board Change • Oct 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 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 • Apr 18Full year 2024 earnings released: NT$3.27 loss per share (vs NT$2.38 loss in FY 2023)Full year 2024 results: NT$3.27 loss per share (further deteriorated from NT$2.38 loss in FY 2023). Revenue: NT$437.5m (down 14% from FY 2023). Net loss: NT$161.3m (loss widened 68% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Apr 10Das Technology Co., Ltd., Annual General Meeting, Jun 24, 2025Das Technology Co., Ltd., Annual General Meeting, Jun 24, 2025, at 10:00 Taipei Standard Time. Location: 4 floor no,160, sec.3 jen ai rd., taipei city TaiwanNew Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$1.37b market cap, or US$41.7m).Reported Earnings • Apr 17Full year 2023 earnings released: NT$2.38 loss per share (vs NT$0.86 profit in FY 2022)Full year 2023 results: NT$2.38 loss per share (down from NT$0.86 profit in FY 2022). Revenue: NT$511.4m (down 42% from FY 2022). Net loss: NT$96.1m (down 458% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.お知らせ • Apr 02Das Technology Co., Ltd., Annual General Meeting, Jun 26, 2024Das Technology Co., Ltd., Annual General Meeting, Jun 26, 2024.New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (NT$1.30b market cap, or US$41.1m).New Risk • Dec 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major 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 Risks Earnings have declined by 8.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.25b market cap, or US$39.8m).Upcoming Dividend • Sep 20Upcoming dividend of NT$0.50 per share at 1.9% yieldEligible shareholders must have bought the stock before 27 September 2023. Payment date: 15 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).Reported Earnings • Aug 17First half 2023 earnings released: NT$1.72 loss per share (vs NT$0.75 profit in 1H 2022)First half 2023 results: NT$1.72 loss per share (down from NT$0.75 profit in 1H 2022). Revenue: NT$188.8m (down 66% from 1H 2022). Net loss: NT$67.4m (down 390% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.New Risk • Aug 14New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$1.05b market cap, or US$33.0m).New Risk • Jul 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$800.1m market cap, or US$25.6m).New Risk • Jul 05New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$935.1m market cap, or US$30.0m).Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.86 (vs NT$2.30 in FY 2021)Full year 2022 results: EPS: NT$0.86 (down from NT$2.30 in FY 2021). Revenue: NT$883.6m (up 31% from FY 2021). Net income: NT$26.8m (down 63% from FY 2021). Profit margin: 3.0% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$34.60, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 11% over the past three years.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$33.80, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.Upcoming Dividend • Jun 16Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.6%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$42.05, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total loss to shareholders of 1.4% over the past three years.Buying Opportunity • Apr 07Now 21% undervaluedOver the last 90 days, the stock is up 2.5%. The fair value is estimated to be NT$67.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 8.2%.Buying Opportunity • Mar 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$67.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% per annum over the last 3 years. The company has become profitable over the last 3 years.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$52.70, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 31% over the past three years.Upcoming Dividend • Aug 30Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 15 October 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$0.28 (vs NT$2.70 in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: NT$242.9m (down 18% from 1H 2020). Net income: NT$8.18m (down 89% from 1H 2020). Profit margin: 3.4% (down from 24% in 1H 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 19Does Das Technology (GTSM:6648) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Mar 18Das Technology Co., Ltd., Annual General Meeting, Jun 17, 2021Das Technology Co., Ltd., Annual General Meeting, Jun 17, 2021.Is New 90 Day High Low • Mar 16New 90-day high: NT$76.20The company is up 3.0% from a price of NT$73.90 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Electronic industry, which is up 19% over the same period.Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$5.38 (vs NT$0.65 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$782.3m (up 162% from FY 2019). Net income: NT$147.4m (up NT$130.1m from FY 2019). Profit margin: 19% (up from 5.8% 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 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.分析記事 • Jan 26Here’s What’s Happening With Returns At Das Technology (GTSM:6648)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Jan 06New 90-day low: NT$70.00The company is down 14% from its price of NT$81.70 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.分析記事 • Dec 22Is Das Technology Co., Ltd.'s (GTSM:6648) ROE Of 12% Impressive?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...分析記事 • Dec 04We're Not So Sure You Should Rely on Das Technology's (GTSM:6648) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Nov 20New 90-day low: NT$71.10The company is down 6.0% from its price of NT$75.40 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period.財務状況分析短期負債: 6648の 短期資産 ( NT$743.7M ) が 短期負債 ( NT$364.8M ) を超えています。長期負債: 6648の短期資産 ( NT$743.7M ) が 長期負債 ( NT$42.9M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 6648総負債よりも多くの現金を保有しています。負債の削減: 6648の負債対資本比率は、過去 5 年間で50.1%から42.4%に減少しました。債務返済能力: 6648の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 6648の負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend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2026/06/15 17:40終値2026/06/15 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Das Technology Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Mar 19Does Das Technology (GTSM:6648) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Apr 22New 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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (NT$1.17b market cap, or US$37.0m).
Reported Earnings • Apr 06Full year 2025 earnings released: NT$1.43 loss per share (vs NT$3.27 loss in FY 2024)Full year 2025 results: NT$1.43 loss per share (improved from NT$3.27 loss in FY 2024). Revenue: NT$323.8m (down 26% from FY 2024). Net loss: NT$68.8m (loss narrowed 57% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 24Das Technology Co., Ltd., Annual General Meeting, Jun 09, 2026Das Technology Co., Ltd., Annual General Meeting, Jun 09, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,24, sec.1 hang chou s. rd., jhongjheng district, taipei city Taiwan
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$1.10b market cap, or US$34.8m).
Board Change • Oct 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 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 • Apr 18Full year 2024 earnings released: NT$3.27 loss per share (vs NT$2.38 loss in FY 2023)Full year 2024 results: NT$3.27 loss per share (further deteriorated from NT$2.38 loss in FY 2023). Revenue: NT$437.5m (down 14% from FY 2023). Net loss: NT$161.3m (loss widened 68% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 10Das Technology Co., Ltd., Annual General Meeting, Jun 24, 2025Das Technology Co., Ltd., Annual General Meeting, Jun 24, 2025, at 10:00 Taipei Standard Time. Location: 4 floor no,160, sec.3 jen ai rd., taipei city Taiwan
New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$1.37b market cap, or US$41.7m).
Reported Earnings • Apr 17Full year 2023 earnings released: NT$2.38 loss per share (vs NT$0.86 profit in FY 2022)Full year 2023 results: NT$2.38 loss per share (down from NT$0.86 profit in FY 2022). Revenue: NT$511.4m (down 42% from FY 2022). Net loss: NT$96.1m (down 458% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 02Das Technology Co., Ltd., Annual General Meeting, Jun 26, 2024Das Technology Co., Ltd., Annual General Meeting, Jun 26, 2024.
New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (NT$1.30b market cap, or US$41.1m).
New Risk • Dec 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major 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 Risks Earnings have declined by 8.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$1.25b market cap, or US$39.8m).
Upcoming Dividend • Sep 20Upcoming dividend of NT$0.50 per share at 1.9% yieldEligible shareholders must have bought the stock before 27 September 2023. Payment date: 15 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
Reported Earnings • Aug 17First half 2023 earnings released: NT$1.72 loss per share (vs NT$0.75 profit in 1H 2022)First half 2023 results: NT$1.72 loss per share (down from NT$0.75 profit in 1H 2022). Revenue: NT$188.8m (down 66% from 1H 2022). Net loss: NT$67.4m (down 390% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
New Risk • Aug 14New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$1.05b market cap, or US$33.0m).
New Risk • Jul 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$800.1m market cap, or US$25.6m).
New Risk • Jul 05New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (NT$935.1m market cap, or US$30.0m).
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.86 (vs NT$2.30 in FY 2021)Full year 2022 results: EPS: NT$0.86 (down from NT$2.30 in FY 2021). Revenue: NT$883.6m (up 31% from FY 2021). Net income: NT$26.8m (down 63% from FY 2021). Profit margin: 3.0% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$34.60, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 11% over the past three years.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$33.80, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 20% over the past three years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.6%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).
Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$42.05, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total loss to shareholders of 1.4% over the past three years.
Buying Opportunity • Apr 07Now 21% undervaluedOver the last 90 days, the stock is up 2.5%. The fair value is estimated to be NT$67.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 8.2%.
Buying Opportunity • Mar 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be NT$67.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% per annum over the last 3 years. The company has become profitable over the last 3 years.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$52.70, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 31% over the past three years.
Upcoming Dividend • Aug 30Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 15 October 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 18First half 2021 earnings released: EPS NT$0.28 (vs NT$2.70 in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: NT$242.9m (down 18% from 1H 2020). Net income: NT$8.18m (down 89% from 1H 2020). Profit margin: 3.4% (down from 24% in 1H 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 19Does Das Technology (GTSM:6648) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Mar 18Das Technology Co., Ltd., Annual General Meeting, Jun 17, 2021Das Technology Co., Ltd., Annual General Meeting, Jun 17, 2021.
Is New 90 Day High Low • Mar 16New 90-day high: NT$76.20The company is up 3.0% from a price of NT$73.90 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Electronic industry, which is up 19% over the same period.
Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$5.38 (vs NT$0.65 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$782.3m (up 162% from FY 2019). Net income: NT$147.4m (up NT$130.1m from FY 2019). Profit margin: 19% (up from 5.8% 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 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
分析記事 • Jan 26Here’s What’s Happening With Returns At Das Technology (GTSM:6648)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Jan 06New 90-day low: NT$70.00The company is down 14% from its price of NT$81.70 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.
分析記事 • Dec 22Is Das Technology Co., Ltd.'s (GTSM:6648) ROE Of 12% Impressive?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
分析記事 • Dec 04We're Not So Sure You Should Rely on Das Technology's (GTSM:6648) Statutory EarningsAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Nov 20New 90-day low: NT$71.10The company is down 6.0% from its price of NT$75.40 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period.