Wendell Industrial（6761）株式概要ウェンデル工業株式会社は、台湾、中国本土、韓国、および国際的に電子材料を提供しています。 詳細6761 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性6/6配当金1/6報酬株価収益率（ 29.1 x）は、 Electronic業界平均（ 35.5 x）を下回っています。過去1年間で収益は1%増加しました リスク分析2.98%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 高いレベルの非現金収入 TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る6761 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$201.50375.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue NT$2.2bEarnings NT$276.5mAdvancedSet Fair ValueView all narrativesWendell Industrial Co., Ltd 競合他社Polytronics TechnologySymbol: TWSE:6224Market cap: NT$7.1bAurona IndustriesSymbol: TPEX:8074Market cap: NT$6.0bCreative SensorSymbol: TWSE:8249Market cap: NT$7.1bTaiSol ElectronicsSymbol: TWSE:3338Market cap: NT$6.4b価格と性能株価の高値、安値、推移の概要Wendell Industrial過去の株価現在の株価NT$201.5052週高値NT$233.5052週安値NT$86.10ベータ0.761ヶ月の変化-2.42%3ヶ月変化n/a1年変化100.50%3年間の変化151.28%5年間の変化130.07%IPOからの変化279.56%最新ニュースReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.02 in 1Q 2025). Revenue: NT$455.1m (down 15% from 1Q 2025). Net income: NT$55.8m (down 13% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$195, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.Upcoming Dividend • Mar 19Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 26 March 2026. Payment date: 23 April 2026. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.9%).Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$7.34 (vs NT$7.25 in FY 2024)Full year 2025 results: EPS: NT$7.34 (up from NT$7.25 in FY 2024). Revenue: NT$1.97b (down 2.3% from FY 2024). Net income: NT$248.8m (up 16% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.最新情報をもっと見るRecent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.02 in 1Q 2025). Revenue: NT$455.1m (down 15% from 1Q 2025). Net income: NT$55.8m (down 13% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$195, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.Upcoming Dividend • Mar 19Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 26 March 2026. Payment date: 23 April 2026. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.9%).Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$7.34 (vs NT$7.25 in FY 2024)Full year 2025 results: EPS: NT$7.34 (up from NT$7.25 in FY 2024). Revenue: NT$1.97b (down 2.3% from FY 2024). Net income: NT$248.8m (up 16% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 05Wendell Industrial Co., Ltd, Annual General Meeting, May 26, 2026Wendell Industrial Co., Ltd, Annual General Meeting, May 26, 2026. Location: 2 floor no,188, pao ch`iao rd., sindian district, new taipei city TaiwanValuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$154, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 126% over the past three years.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$144, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 112% over the past three years.New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).New Risk • Nov 27New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$4.26m (US$135.9k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$4.26m market cap, or US$135.9k). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: NT$2.00 (vs NT$1.86 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.00 (up from NT$1.86 in 3Q 2024). Revenue: NT$484.8m (down 3.4% from 3Q 2024). Net income: NT$69.6m (up 24% from 3Q 2024). Profit margin: 14% (up from 11% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Sep 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 10x cash flows per share). Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$156, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 136% over the past three years.New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$113, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past three years.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.50 (vs NT$2.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.50 (down from NT$2.17 in 2Q 2024). Revenue: NT$533.7m (up 2.9% from 2Q 2024). Net income: NT$51.5m (down 17% from 2Q 2024). Profit margin: 9.6% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 23Upcoming dividend of NT$5.63 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 25 July 2025. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$2.20 (vs NT$1.49 in 1Q 2024)First quarter 2025 results: EPS: NT$2.20 (up from NT$1.49 in 1Q 2024). Revenue: NT$535.1m (up 8.3% from 1Q 2024). Net income: NT$64.0m (up 60% from 1Q 2024). Profit margin: 12% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$82.10, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 2.7% over the past three years.Buy Or Sell Opportunity • Apr 07Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at 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 been flat over the last 3 years. Earnings per share has declined by 13%.Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$7.25 (vs NT$4.04 in FY 2023)Full year 2024 results: EPS: NT$7.25 (up from NT$4.04 in FY 2023). Revenue: NT$2.02b (up 16% from FY 2023). Net income: NT$214.4m (up 112% from FY 2023). Profit margin: 11% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 06Wendell Industrial Co., Ltd, Annual General Meeting, May 28, 2025Wendell Industrial Co., Ltd, Annual General Meeting, May 28, 2025. Location: 2 floor no,188, pao ch`iao rd., sindian district, new taipei city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.86 (vs NT$1.10 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.86 (up from NT$1.10 in 3Q 2023). Revenue: NT$502.1m (up 15% from 3Q 2023). Net income: NT$56.1m (up 103% from 3Q 2023). Profit margin: 11% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.17 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.17 (up from NT$0.82 in 2Q 2023). Revenue: NT$518.6m (up 23% from 2Q 2023). Net income: NT$62.0m (up 201% from 2Q 2023). Profit margin: 12% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 17Upcoming dividend of NT$3.99 per shareEligible shareholders must have bought the stock before 24 July 2024. Payment date: 23 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$109, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.49 (vs NT$0.98 in 1Q 2023)First quarter 2024 results: EPS: NT$1.49 (up from NT$0.98 in 1Q 2023). Revenue: NT$494.3m (up 14% from 1Q 2023). Net income: NT$40.2m (up 62% from 1Q 2023). Profit margin: 8.1% (up from 5.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • Apr 24New 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 7.0% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 99% Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (NT$3.03b market cap, or US$92.8m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 99% Minor Risks Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (NT$2.68b market cap, or US$83.5m).お知らせ • Mar 29Wendell Industrial Co., Ltd, Annual General Meeting, Jun 18, 2024Wendell Industrial Co., Ltd, Annual General Meeting, Jun 18, 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$4.04 (vs NT$7.70 in FY 2022)Full year 2023 results: EPS: NT$4.04 (down from NT$7.70 in FY 2022). Revenue: NT$1.74b (down 9.3% from FY 2022). Net income: NT$101.3m (down 48% from FY 2022). Profit margin: 5.8% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.New Risk • Nov 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (105% payout ratio). Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (NT$1.91b market cap, or US$60.9m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.82 (vs NT$1.97 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.82 (down from NT$1.97 in 2Q 2022). Revenue: NT$423.5m (down 11% from 2Q 2022). Net income: NT$20.6m (down 58% from 2Q 2022). Profit margin: 4.9% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year.Upcoming Dividend • Jul 21Upcoming dividend of NT$5.10 per share at 5.8% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 28Full year 2022 earnings released: EPS: NT$8.09 (vs NT$8.54 in FY 2021)Full year 2022 results: EPS: NT$8.09. Revenue: NT$1.92b (up 1.5% from FY 2021). Net income: NT$193.4m (up 2.5% from FY 2021). Profit margin: 10% (in line with FY 2021).Buying Opportunity • Mar 28Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be NT$124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 32%.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$106, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 187% over the past three years.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$2.20 (vs NT$2.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.20. Revenue: NT$494.1m (down 1.4% from 3Q 2021). Net income: NT$52.6m (up 7.3% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021).Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.07 (vs NT$2.45 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.07 (down from NT$2.45 in 2Q 2021). Revenue: NT$473.1m (down 1.1% from 2Q 2021). Net income: NT$49.4m (down 7.3% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021).Buying Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be NT$95.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%.Upcoming Dividend • Jul 07Upcoming dividend of NT$5.80 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$8.54 (vs NT$4.24 in FY 2020)Full year 2021 results: EPS: NT$8.54 (up from NT$4.24 in FY 2020). Revenue: NT$1.89b (up 29% from FY 2020). Net income: NT$188.6m (up 105% from FY 2020). Profit margin: 10.0% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue.お知らせ • Mar 29Wendell Industrial Co., Ltd, Annual General Meeting, Jun 16, 2022Wendell Industrial Co., Ltd, Annual General Meeting, Jun 16, 2022.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$155, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 210% over the past year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.25 (vs NT$1.19 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$500.9m (up 30% from 3Q 2020). Net income: NT$49.0m (up 90% from 3Q 2020). Profit margin: 9.8% (up from 6.7% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to NT$115, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past year.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$164, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 217% over the past year.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$150, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 176% over the past year.Upcoming Dividend • Jul 29Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 08 September 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$126, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past year.Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$2.08 (vs NT$0.95 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$439.0m (up 27% from 1Q 2020). Net income: NT$44.4m (up 119% from 1Q 2020). Profit margin: 10% (up from 5.9% in 1Q 2020). The increase in margin was driven by higher revenue.分析記事 • Apr 13Here's How We Evaluate Wendell Industrial Co., Ltd's (GTSM:6761) DividendToday we'll take a closer look at Wendell Industrial Co., Ltd ( GTSM:6761 ) from a dividend investor's perspective...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$4.32 (vs NT$3.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.46b (up 13% from FY 2019). Net income: NT$92.1m (up 21% from FY 2019). Profit margin: 6.3% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$74.10, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past year.Is New 90 Day High Low • Feb 23New 90-day high: NT$62.70The company is up 19% from its price of NT$52.60 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$62.70, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total returns to shareholders over the past year are 44%.分析記事 • Jan 27Should You Be Impressed By Wendell Industrial's (GTSM:6761) Returns on Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Dec 30New 90-day low: NT$49.80The company is down 10.0% from its price of NT$55.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period.分析記事 • Dec 23Is Weakness In Wendell Industrial Co., Ltd (GTSM:6761) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?With its stock down 8.3% over the past three months, it is easy to disregard Wendell Industrial (GTSM:6761). But if you...Is New 90 Day High Low • Dec 09New 90-day low: NT$50.70The company is down 5.0% from its price of NT$53.50 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.分析記事 • Nov 17Could Wendell Industrial Co., Ltd (GTSM:6761) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Wendell Industrial Co., Ltd (GTSM:6761) from a dividend investor's perspective...株主還元6761TW ElectronicTW 市場7D11.3%0.5%-1.2%1Y100.5%186.8%90.3%株主還元を見る業界別リターン: 6761過去 1 年間で186.8 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 6761過去 1 年間で90.3 % の収益を上げたTW市場を上回りました。価格変動Is 6761's price volatile compared to industry and market?6761 volatility6761 Average Weekly Movement10.2%Electronic Industry Average Movement8.5%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 6761の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6761の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1968n/aBoxiang Zhanwww.wendell.com.twWendell Industrial Co., Ltd.は、台湾、中国本土、韓国、および国際的に電子材料を提供しています。同社はMOSFET、ダイオード、整流器、回路保護、モジュール製品、EMI部品を提供している。ターンキー、技術、統合イノベーション、トータルソリューション、顧客志向ソリューション、レイアウト相談サービスなどのサービスを提供している。同社は輸出入貿易事業活動に従事している。同社の製品は、携帯電話、デスクトップコンピュータ、ノートブックコンピュータ、タブレットコンピュータ、デジタルカメラ、ナビゲーションシステム、監視システム、産業用コンピュータ、医療機器、通信機器、ネットコム製品、風力発電システム、LED照明システムなど、さまざまな用途で使用されている。1968年に設立され、本社は台湾の新北市にある。もっと見るWendell Industrial Co., Ltd 基礎のまとめWendell Industrial の収益と売上を時価総額と比較するとどうか。6761 基礎統計学時価総額NT$7.01b収益（TTM）NT$240.63m売上高(TTM)NT$1.89b29.1xPER（株価収益率3.7xP/Sレシオ6761 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6761 損益計算書（TTM）収益NT$1.89b売上原価NT$1.19b売上総利益NT$704.55mその他の費用NT$463.93m収益NT$240.63m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）6.92グロス・マージン37.20%純利益率12.70%有利子負債／自己資本比率16.1%6761 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3.0%現在の配当利回り99%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 17:02終値2026/05/22 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Wendell Industrial 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
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.02 in 1Q 2025). Revenue: NT$455.1m (down 15% from 1Q 2025). Net income: NT$55.8m (down 13% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$195, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.
Upcoming Dividend • Mar 19Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 26 March 2026. Payment date: 23 April 2026. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.9%).
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$7.34 (vs NT$7.25 in FY 2024)Full year 2025 results: EPS: NT$7.34 (up from NT$7.25 in FY 2024). Revenue: NT$1.97b (down 2.3% from FY 2024). Net income: NT$248.8m (up 16% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$2.02 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$2.02 in 1Q 2025). Revenue: NT$455.1m (down 15% from 1Q 2025). Net income: NT$55.8m (down 13% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$195, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 164% over the past three years.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$159, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 111% over the past three years.
Upcoming Dividend • Mar 19Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 26 March 2026. Payment date: 23 April 2026. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.9%).
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: NT$7.34 (vs NT$7.25 in FY 2024)Full year 2025 results: EPS: NT$7.34 (up from NT$7.25 in FY 2024). Revenue: NT$1.97b (down 2.3% from FY 2024). Net income: NT$248.8m (up 16% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 05Wendell Industrial Co., Ltd, Annual General Meeting, May 26, 2026Wendell Industrial Co., Ltd, Annual General Meeting, May 26, 2026. Location: 2 floor no,188, pao ch`iao rd., sindian district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$154, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 126% over the past three years.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$144, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 112% over the past three years.
New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).
New Risk • Nov 27New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$4.26m (US$135.9k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$4.26m market cap, or US$135.9k). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: NT$2.00 (vs NT$1.86 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.00 (up from NT$1.86 in 3Q 2024). Revenue: NT$484.8m (down 3.4% from 3Q 2024). Net income: NT$69.6m (up 24% from 3Q 2024). Profit margin: 14% (up from 11% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Sep 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 10x cash flows per share). Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 29%After last week's 29% share price gain to NT$156, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 136% over the past three years.
New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$113, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past three years.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.50 (vs NT$2.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.50 (down from NT$2.17 in 2Q 2024). Revenue: NT$533.7m (up 2.9% from 2Q 2024). Net income: NT$51.5m (down 17% from 2Q 2024). Profit margin: 9.6% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 23Upcoming dividend of NT$5.63 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 25 July 2025. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
Reported Earnings • May 18First quarter 2025 earnings released: EPS: NT$2.20 (vs NT$1.49 in 1Q 2024)First quarter 2025 results: EPS: NT$2.20 (up from NT$1.49 in 1Q 2024). Revenue: NT$535.1m (up 8.3% from 1Q 2024). Net income: NT$64.0m (up 60% from 1Q 2024). Profit margin: 12% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$82.10, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 2.7% over the past three years.
Buy Or Sell Opportunity • Apr 07Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at 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 been flat over the last 3 years. Earnings per share has declined by 13%.
Reported Earnings • Mar 13Full year 2024 earnings released: EPS: NT$7.25 (vs NT$4.04 in FY 2023)Full year 2024 results: EPS: NT$7.25 (up from NT$4.04 in FY 2023). Revenue: NT$2.02b (up 16% from FY 2023). Net income: NT$214.4m (up 112% from FY 2023). Profit margin: 11% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 06Wendell Industrial Co., Ltd, Annual General Meeting, May 28, 2025Wendell Industrial Co., Ltd, Annual General Meeting, May 28, 2025. Location: 2 floor no,188, pao ch`iao rd., sindian district, new taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$1.86 (vs NT$1.10 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.86 (up from NT$1.10 in 3Q 2023). Revenue: NT$502.1m (up 15% from 3Q 2023). Net income: NT$56.1m (up 103% from 3Q 2023). Profit margin: 11% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$2.17 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$2.17 (up from NT$0.82 in 2Q 2023). Revenue: NT$518.6m (up 23% from 2Q 2023). Net income: NT$62.0m (up 201% from 2Q 2023). Profit margin: 12% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 17Upcoming dividend of NT$3.99 per shareEligible shareholders must have bought the stock before 24 July 2024. Payment date: 23 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%).
Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$109, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.49 (vs NT$0.98 in 1Q 2023)First quarter 2024 results: EPS: NT$1.49 (up from NT$0.98 in 1Q 2023). Revenue: NT$494.3m (up 14% from 1Q 2023). Net income: NT$40.2m (up 62% from 1Q 2023). Profit margin: 8.1% (up from 5.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • Apr 24New 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 7.0% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 99% Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (NT$3.03b market cap, or US$92.8m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.
New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 99% Minor Risks Profit margins are more than 30% lower than last year (5.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (NT$2.68b market cap, or US$83.5m).
お知らせ • Mar 29Wendell Industrial Co., Ltd, Annual General Meeting, Jun 18, 2024Wendell Industrial Co., Ltd, Annual General Meeting, Jun 18, 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$4.04 (vs NT$7.70 in FY 2022)Full year 2023 results: EPS: NT$4.04 (down from NT$7.70 in FY 2022). Revenue: NT$1.74b (down 9.3% from FY 2022). Net income: NT$101.3m (down 48% from FY 2022). Profit margin: 5.8% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
New Risk • Nov 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (105% payout ratio). Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (NT$1.91b market cap, or US$60.9m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.82 (vs NT$1.97 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.82 (down from NT$1.97 in 2Q 2022). Revenue: NT$423.5m (down 11% from 2Q 2022). Net income: NT$20.6m (down 58% from 2Q 2022). Profit margin: 4.9% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year.
Upcoming Dividend • Jul 21Upcoming dividend of NT$5.10 per share at 5.8% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 28Full year 2022 earnings released: EPS: NT$8.09 (vs NT$8.54 in FY 2021)Full year 2022 results: EPS: NT$8.09. Revenue: NT$1.92b (up 1.5% from FY 2021). Net income: NT$193.4m (up 2.5% from FY 2021). Profit margin: 10% (in line with FY 2021).
Buying Opportunity • Mar 28Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be NT$124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 32%.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$106, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 187% over the past three years.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: NT$2.20 (vs NT$2.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.20. Revenue: NT$494.1m (down 1.4% from 3Q 2021). Net income: NT$52.6m (up 7.3% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021).
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.07 (vs NT$2.45 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.07 (down from NT$2.45 in 2Q 2021). Revenue: NT$473.1m (down 1.1% from 2Q 2021). Net income: NT$49.4m (down 7.3% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021).
Buying Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be NT$95.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%.
Upcoming Dividend • Jul 07Upcoming dividend of NT$5.80 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$8.54 (vs NT$4.24 in FY 2020)Full year 2021 results: EPS: NT$8.54 (up from NT$4.24 in FY 2020). Revenue: NT$1.89b (up 29% from FY 2020). Net income: NT$188.6m (up 105% from FY 2020). Profit margin: 10.0% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue.
お知らせ • Mar 29Wendell Industrial Co., Ltd, Annual General Meeting, Jun 16, 2022Wendell Industrial Co., Ltd, Annual General Meeting, Jun 16, 2022.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$155, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 210% over the past year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.25 (vs NT$1.19 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$500.9m (up 30% from 3Q 2020). Net income: NT$49.0m (up 90% from 3Q 2020). Profit margin: 9.8% (up from 6.7% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to NT$115, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past year.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$164, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 217% over the past year.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$150, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 176% over the past year.
Upcoming Dividend • Jul 29Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 08 September 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$126, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past year.
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$2.08 (vs NT$0.95 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$439.0m (up 27% from 1Q 2020). Net income: NT$44.4m (up 119% from 1Q 2020). Profit margin: 10% (up from 5.9% in 1Q 2020). The increase in margin was driven by higher revenue.
分析記事 • Apr 13Here's How We Evaluate Wendell Industrial Co., Ltd's (GTSM:6761) DividendToday we'll take a closer look at Wendell Industrial Co., Ltd ( GTSM:6761 ) from a dividend investor's perspective...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$4.32 (vs NT$3.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.46b (up 13% from FY 2019). Net income: NT$92.1m (up 21% from FY 2019). Profit margin: 6.3% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$74.10, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past year.
Is New 90 Day High Low • Feb 23New 90-day high: NT$62.70The company is up 19% from its price of NT$52.60 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$62.70, the stock is trading at a trailing P/E ratio of 16.6x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total returns to shareholders over the past year are 44%.
分析記事 • Jan 27Should You Be Impressed By Wendell Industrial's (GTSM:6761) Returns on Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Dec 30New 90-day low: NT$49.80The company is down 10.0% from its price of NT$55.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period.
分析記事 • Dec 23Is Weakness In Wendell Industrial Co., Ltd (GTSM:6761) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?With its stock down 8.3% over the past three months, it is easy to disregard Wendell Industrial (GTSM:6761). But if you...
Is New 90 Day High Low • Dec 09New 90-day low: NT$50.70The company is down 5.0% from its price of NT$53.50 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Nov 17Could Wendell Industrial Co., Ltd (GTSM:6761) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Wendell Industrial Co., Ltd (GTSM:6761) from a dividend investor's perspective...
