Taiwan Chinsan Electronic Industrial（8042）株式概要台湾青山電子工業股份有限公司 詳細8042 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績5/6財務の健全性4/6配当金1/6報酬株価収益率（ 30.5 x）は、 Electronic業界平均（ 31.3 x）を下回っています。過去1年間で収益は464.5%増加しました リスク分析TW市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見る8042 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,361 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA491,361 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$95.4074.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-21m4b2016201920222025202620282031Revenue NT$3.4bEarnings NT$339.3mAdvancedSet Fair ValueView all narrativesTaiwan Chinsan Electronic Industrial Co., Ltd. 競合他社ACES ElectronicsSymbol: TWSE:3605Market cap: NT$13.5bKaimei ElectronicSymbol: TWSE:2375Market cap: NT$11.7bWinmateSymbol: TWSE:3416Market cap: NT$13.3bEson Precision IndSymbol: TWSE:5243Market cap: NT$12.6b価格と性能株価の高値、安値、推移の概要Taiwan Chinsan Electronic Industrial過去の株価現在の株価NT$95.4052週高値NT$227.0052週安値NT$29.10ベータ1.191ヶ月の変化-43.55%3ヶ月変化62.80%1年変化223.94%3年間の変化166.48%5年間の変化95.74%IPOからの変化488.03%最新ニュースValuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$211, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 527% over the past three years.New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$171, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 410% over the past three years.Upcoming Dividend • Jun 02Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 09 June 2026. Payment date: 03 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.2%).Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$135, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 293% over the past three years.Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.073 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.073 loss in 1Q 2025). Revenue: NT$1.11b (up 33% from 1Q 2025). Net income: NT$280.3m (up NT$289.8m from 1Q 2025). Profit margin: 25% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$211, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 527% over the past three years.New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$171, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 410% over the past three years.Upcoming Dividend • Jun 02Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 09 June 2026. Payment date: 03 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.2%).Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$135, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 293% over the past three years.Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.073 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.073 loss in 1Q 2025). Revenue: NT$1.11b (up 33% from 1Q 2025). Net income: NT$280.3m (up NT$289.8m from 1Q 2025). Profit margin: 25% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$70.80, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$61.60, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.89 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.89 (up from NT$0.60 in FY 2024). Revenue: NT$3.77b (up 9.8% from FY 2024). Net income: NT$115.4m (up 49% from FY 2024). Profit margin: 3.1% (up from 2.3% in FY 2024). 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 whereas the company’s share price has increased by 12% per year.お知らせ • Mar 16Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 08, 2026Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,1 aly.11 ln.68, sec.1 kuang fu rd., sanchong district, new taipei city TaiwanNew Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 469% Paying a dividend despite having no free cash flows. Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 in 3Q 2024). Revenue: NT$1.02b (up 5.5% from 3Q 2024). Net income: NT$38.7m (up 11% from 3Q 2024). Profit margin: 3.8% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.New Risk • Nov 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).New Risk • Sep 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).New Risk • Aug 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.28 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.02 (down from NT$0.28 in 2Q 2024). Revenue: NT$913.1m (up 8.1% from 2Q 2024). Net income: NT$2.27m (down 94% from 2Q 2024). Profit margin: 0.2% (down from 4.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • May 14First quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.03 loss in 1Q 2024)First quarter 2025 results: NT$0.07 loss per share (further deteriorated from NT$0.03 loss in 1Q 2024). Revenue: NT$836.2m (up 14% from 1Q 2024). Net loss: NT$9.50m (loss widened 146% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • May 06Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$30.75, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 251% Dividend per share is over 7x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results.Upcoming Dividend • Apr 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 07 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.3%).Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$0.60 (vs NT$0.72 in FY 2023)Full year 2024 results: EPS: NT$0.60 (down from NT$0.72 in FY 2023). Revenue: NT$3.43b (up 7.4% from FY 2023). Net income: NT$77.4m (down 16% from FY 2023). Profit margin: 2.3% (down from 2.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Mar 26+ 2 more updatesTaiwan Chinsan Electronic Industrial Co., Ltd. Announces Distribution for the Year 2024, Payable on May 7, 2025On March 25, 2025, the board of directors of Taiwan Chinsan Electronic Industrial Co., Ltd. approved the allocation of TWD 181,247,569 from its distributable earning for 2024 to pay a cash dividend of TWD 1.4 per share to shareholders. Allocation of TWD 12,946,255 from its capital reserves to pay a cash dividend of TWD 0.1 per share to shareholders. Ex-rights (Ex-dividend) date: April 11, 2025. Ex-rights (Ex-dividend) record date: April 19, 2025. Payment date of cash dividend distribution: May 7, 2025.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$44.25, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.お知らせ • Mar 18Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q4, 2024 Final Results on Mar 25, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q4, 2024 final results on Mar 25, 2025お知らせ • Mar 15+ 1 more updateTaiwan Chinsan Electronic Industrial Co., Ltd. Approves Board ElectionsTaiwan Chinsan Electronic Industrial Co., Ltd. at its specials shareholders' meeting held on 13 March 2025, approved the election of HSU, CHUNG-YUAN DAVID CHAN as Director and HUANG, WEN-CHI as Independent Director. Resume of the new position holder: Director - HSU,CHUNG-YUAN (Adjunct Professor, Department of Accounting, NCCU/Independent director of VSO ELECTRONICS CO., LTD. Director - DAVID CHAN(Independent Director at ThinFlex Corporation)and Independent Director - HUANG,WEN-CHI (Certified Public Accountant at Yongyi United CPAs).お知らせ • Mar 14Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: 2 floor no,1 aly.11 ln.68, sec.1 kuang fu rd., sanchong district, new taipei city Taiwanお知らせ • Mar 06Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025お知らせ • Feb 15Taiwan Chinsan Electronic Industrial Co., Ltd. Announces Change in Chief Internal AuditorTaiwan Chinsan Electronic Industrial Co., Ltd. announced change in chief internal auditor. Date of occurrence of the change: February 14, 2025. Name, title, and resume of the previous position holder: CHIU WEI SHENG/Chief internal auditor of The Company. Name, title, and resume of the new position holder: CHEN LI CHIA/Internal audit of The Company. Type of change: position adjustment. Reason for the change: Internal position adjustment. Effective date: February 14, 2025.お知らせ • Jan 14+ 1 more updateTaiwan Chinsan Electronic Industrial Co., Ltd. Announces Resignations of Juristic-Person Directors and an Independent DirectorTaiwan Chinsan Electronic Industrial Co., Ltd. announced the resignations of juristic- person directors and an independent director; one-third of the board was changed. RU,SHAO-PIN and LIU,WEN-LIANG resigned as Juristic-person director, CHIU,TA-SHENG resigned as Independent director and Director, effective on January 13, 2025.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.85, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 5.6% over the past three years.New Risk • Dec 04New 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$42.10, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total loss to shareholders of 1.6% over the past three years.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.071 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.27 (up from NT$0.071 in 3Q 2023). Revenue: NT$963.7m (up 8.5% from 3Q 2023). Net income: NT$35.0m (up 281% from 3Q 2023). Profit margin: 3.6% (up from 1.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Nov 05Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.30 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.28 (down from NT$0.30 in 2Q 2023). Revenue: NT$844.9m (up 4.2% from 2Q 2023). Net income: NT$36.3m (down 7.7% from 2Q 2023). Profit margin: 4.3% (down from 4.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Aug 05Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024Declared Dividend • Jun 14Dividend reduced to NT$1.20Dividend of NT$1.20 is 20% lower than last year. Ex-date: 27th June 2024 Payment date: 19th July 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (193% earnings payout ratio) nor is it adequately covered by cash flows (98% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 114% to bring the payout ratio under control, which is more than the 66% EPS growth achieved over the last 5 years.お知らせ • Jun 14Taiwan Chinsan Electronic Industrial Co., Ltd. Announces Dividend for 2023, Payable on July 19, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced dividend for 2023. Type and monetary amount of dividend distribution: Allocation of TWD 64,731,275 from its distributable earning for 2023 to pay a cash dividend of TWD 0.5 per share to shareholders. Allocation of TWD 90,623,784 from its capital reserves to pay a cash dividend of TWD 0.7 per share to shareholders; Ex-rights (Ex-dividend) date: June 27, 2024; Ex-rights (Ex-dividend) record date: July 4, 2024; Payment date of cash dividend distribution: July 19, 2024. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 12, 2024.Reported Earnings • May 19First quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.063 profit in 1Q 2023)First quarter 2024 results: NT$0.03 loss per share (down from NT$0.063 profit in 1Q 2023). Revenue: NT$735.7m (up 12% from 1Q 2023). Net loss: NT$3.86m (down 148% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% 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.お知らせ • May 08Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024Reported Earnings • Mar 31Full year 2023 earnings released: EPS: NT$0.72 (vs NT$0.81 in FY 2022)Full year 2023 results: EPS: NT$0.72 (down from NT$0.81 in FY 2022). Revenue: NT$3.19b (down 14% from FY 2022). Net income: NT$92.7m (down 11% from FY 2022). Profit margin: 2.9% (up from 2.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Mar 12Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, May 27, 2024Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, May 27, 2024. Location: 2F, No. 1, Alley11, Lane 68, Sec. 1 Kwang-Fu Road SanChung Dist New Taipei City Taiwan Agenda: To approve the 2023 Annual Business Report; to approve the Audit Committee reviews the financial statements and reports for the fiscal year 2023; to approve Report on Employee and Director Compensation; and to consider other matters.Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.41 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.30 (down from NT$0.41 in 2Q 2022). Revenue: NT$810.9m (down 11% from 2Q 2022). Net income: NT$39.3m (down 26% from 2Q 2022). Profit margin: 4.9% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 19Upcoming dividend of NT$1.50 per share at 2.6% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.2%).Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.25 in 3Q 2021). Revenue: NT$901.1m (down 20% from 3Q 2021). Net income: NT$23.2m (down 29% from 3Q 2021). Profit margin: 2.6% (down from 2.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.25 in 3Q 2021). Revenue: NT$901.1m (down 20% from 3Q 2021). Net income: NT$23.2m (down 29% from 3Q 2021). Profit margin: 2.6% (down from 2.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.30 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.41 (up from NT$0.30 in 2Q 2021). Revenue: NT$911.6m (down 14% from 2Q 2021). Net income: NT$53.0m (up 34% from 2Q 2021). Profit margin: 5.8% (up from 3.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 30Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 02 August 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).Reported Earnings • Mar 30Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$1.24 (up from NT$0.083 in FY 2020). Revenue: NT$4.30b (up 15% from FY 2020). Net income: NT$161.1m (up NT$150.4m from FY 2020). Profit margin: 3.7% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.24 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.13b (up 7.9% from 3Q 2020). Net income: NT$32.7m (up 4.0% from 3Q 2020). Profit margin: 2.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.47 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.06b (up 11% from 2Q 2020). Net income: NT$39.5m (down 33% from 2Q 2020). Profit margin: 3.7% (down from 6.2% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 02Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 01 September 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.0%).Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.35 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$979.9m (up 38% from 1Q 2020). Net income: NT$7.08m (up NT$51.6m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$0.09 (vs NT$0.029 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$3.75b (flat on FY 2019). Net income: NT$10.7m (up 195% from FY 2019). Profit margin: 0.3% (up from 0.1% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.分析記事 • Mar 12Taiwan Chinsan Electronic Industrial (GTSM:8042) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Feb 03We're Watching These Trends At Taiwan Chinsan Electronic Industrial (GTSM:8042)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Jan 13Does Taiwan Chinsan Electronic Industrial's (GTSM:8042) Statutory Profit Adequately Reflect Its Underlying Profit?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...Is New 90 Day High Low • Dec 25New 90-day high: NT$45.40The company is up 32% from its price of NT$34.30 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 19% over the same period.分析記事 • Dec 15Reflecting on Taiwan Chinsan Electronic Industrial's (GTSM:8042) Share Price Returns Over The Last Three YearsWhile not a mind-blowing move, it is good to see that the Taiwan Chinsan Electronic Industrial Co., Ltd. ( GTSM:8042...分析記事 • Nov 25Taiwan Chinsan Electronic Industrial Co., Ltd.'s (GTSM:8042) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Taiwan Chinsan Electronic Industrial (GTSM:8042) has had a great run on the share market with its stock up by a...Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 17% share price gain to NT$45.20, the stock is trading at a trailing P/E ratio of 72.3x, up from the previous P/E ratio of 61.7x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 12%.Is New 90 Day High Low • Nov 21New 90-day high: NT$42.25The company is up 19% from its price of NT$35.39 on 21 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.25The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.05b (down 4.3% from 3Q 2019). Net income: NT$31.5m (up 61% from 3Q 2019). Profit margin: 3.0% (up from 1.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 101% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 27New 90-day high: NT$37.60The company is up 11% from its price of NT$33.98 on 29 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 1.0% over the same period.株主還元8042TW ElectronicTW 市場7D-26.3%-9.7%-6.1%1Y223.9%116.2%77.1%株主還元を見る業界別リターン: 8042過去 1 年間で116.2 % の収益を上げたTW Electronic業界を上回りました。リターン対市場: 8042過去 1 年間で77.1 % の収益を上げたTW市場を上回りました。価格変動Is 8042's price volatile compared to industry and market?8042 volatility8042 Average Weekly Movement16.0%Electronic Industry Average Movement8.8%Market Average Movement6.4%10% most volatile stocks in TW Market11.9%10% least volatile stocks in TW Market2.7%安定した株価: 8042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: 8042の weekly volatility ( 16% ) 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1960n/aChing-Shin Chiangwww.chinsan.comTaiwan Chinsan Electronic Industrial Co., Ltd.は、台湾、その他のアジア、欧州、米国、中東および近東、アフリカで様々な電子機器やコンデンサの製造、輸入、加工、貿易を行っています。同社は、e-cap SMD、ラジアルリード、スナップイン、ラグ端子、ネジ端子タイプなどのアルミ電解コンデンサを提供している。また、ポリマーラジアルリード、SMD、ハイブリッドラジアルリード、SMDタイプコンデンサなどのアルミポリマーコンデンサも提供している。同社は1959年に設立され、台湾の新北市に拠点を置く。もっと見るTaiwan Chinsan Electronic Industrial Co., Ltd. 基礎のまとめTaiwan Chinsan Electronic Industrial の収益と売上を時価総額と比較するとどうか。8042 基礎統計学時価総額NT$12.35b収益（TTM）NT$405.25m売上高(TTM)NT$4.04b30.5xPER（株価収益率3.1xP/Sレシオ8042 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8042 損益計算書（TTM）収益NT$4.04b売上原価NT$3.21b売上総利益NT$830.87mその他の費用NT$425.62m収益NT$405.25m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）3.13グロス・マージン20.56%純利益率10.03%有利子負債／自己資本比率67.7%8042 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.3%現在の配当利回り38%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2026/07/29 16:54終値2026/07/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Taiwan Chinsan Electronic 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。5 アナリスト機関null nullCapital Securities CorporationRui TsaiCapital Securities Corporationnull nullKGI Securities Co. Ltd.2 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$211, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 527% over the past three years.
New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$171, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 410% over the past three years.
Upcoming Dividend • Jun 02Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 09 June 2026. Payment date: 03 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.2%).
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$135, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 293% over the past three years.
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.073 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.073 loss in 1Q 2025). Revenue: NT$1.11b (up 33% from 1Q 2025). Net income: NT$280.3m (up NT$289.8m from 1Q 2025). Profit margin: 25% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$211, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 41x in the Electronic industry in Taiwan. Total returns to shareholders of 527% over the past three years.
New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$171, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 410% over the past three years.
Upcoming Dividend • Jun 02Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 09 June 2026. Payment date: 03 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.2%).
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$135, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 37x in the Electronic industry in Taiwan. Total returns to shareholders of 293% over the past three years.
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$0.073 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (up from NT$0.073 loss in 1Q 2025). Revenue: NT$1.11b (up 33% from 1Q 2025). Net income: NT$280.3m (up NT$289.8m from 1Q 2025). Profit margin: 25% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$70.80, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$61.60, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 27x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$0.89 (vs NT$0.60 in FY 2024)Full year 2025 results: EPS: NT$0.89 (up from NT$0.60 in FY 2024). Revenue: NT$3.77b (up 9.8% from FY 2024). Net income: NT$115.4m (up 49% from FY 2024). Profit margin: 3.1% (up from 2.3% in FY 2024). 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 whereas the company’s share price has increased by 12% per year.
お知らせ • Mar 16Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 08, 2026Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,1 aly.11 ln.68, sec.1 kuang fu rd., sanchong district, new taipei city Taiwan
New Risk • Nov 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 469% Paying a dividend despite having no free cash flows. Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.30 (vs NT$0.27 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.30 (up from NT$0.27 in 3Q 2024). Revenue: NT$1.02b (up 5.5% from 3Q 2024). Net income: NT$38.7m (up 11% from 3Q 2024). Profit margin: 3.8% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
New Risk • Nov 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
New Risk • Sep 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
New Risk • Aug 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.02 (vs NT$0.28 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.02 (down from NT$0.28 in 2Q 2024). Revenue: NT$913.1m (up 8.1% from 2Q 2024). Net income: NT$2.27m (down 94% from 2Q 2024). Profit margin: 0.2% (down from 4.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 14First quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.03 loss in 1Q 2024)First quarter 2025 results: NT$0.07 loss per share (further deteriorated from NT$0.03 loss in 1Q 2024). Revenue: NT$836.2m (up 14% from 1Q 2024). Net loss: NT$9.50m (loss widened 146% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • May 06Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$30.75, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.
New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 251% Dividend per share is over 7x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results.
Upcoming Dividend • Apr 04Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 07 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.3%).
Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$0.60 (vs NT$0.72 in FY 2023)Full year 2024 results: EPS: NT$0.60 (down from NT$0.72 in FY 2023). Revenue: NT$3.43b (up 7.4% from FY 2023). Net income: NT$77.4m (down 16% from FY 2023). Profit margin: 2.3% (down from 2.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 26+ 2 more updatesTaiwan Chinsan Electronic Industrial Co., Ltd. Announces Distribution for the Year 2024, Payable on May 7, 2025On March 25, 2025, the board of directors of Taiwan Chinsan Electronic Industrial Co., Ltd. approved the allocation of TWD 181,247,569 from its distributable earning for 2024 to pay a cash dividend of TWD 1.4 per share to shareholders. Allocation of TWD 12,946,255 from its capital reserves to pay a cash dividend of TWD 0.1 per share to shareholders. Ex-rights (Ex-dividend) date: April 11, 2025. Ex-rights (Ex-dividend) record date: April 19, 2025. Payment date of cash dividend distribution: May 7, 2025.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$44.25, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 19% over the past three years.
お知らせ • Mar 18Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q4, 2024 Final Results on Mar 25, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q4, 2024 final results on Mar 25, 2025
お知らせ • Mar 15+ 1 more updateTaiwan Chinsan Electronic Industrial Co., Ltd. Approves Board ElectionsTaiwan Chinsan Electronic Industrial Co., Ltd. at its specials shareholders' meeting held on 13 March 2025, approved the election of HSU, CHUNG-YUAN DAVID CHAN as Director and HUANG, WEN-CHI as Independent Director. Resume of the new position holder: Director - HSU,CHUNG-YUAN (Adjunct Professor, Department of Accounting, NCCU/Independent director of VSO ELECTRONICS CO., LTD. Director - DAVID CHAN(Independent Director at ThinFlex Corporation)and Independent Director - HUANG,WEN-CHI (Certified Public Accountant at Yongyi United CPAs).
お知らせ • Mar 14Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: 2 floor no,1 aly.11 ln.68, sec.1 kuang fu rd., sanchong district, new taipei city Taiwan
お知らせ • Mar 06Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025
お知らせ • Feb 15Taiwan Chinsan Electronic Industrial Co., Ltd. Announces Change in Chief Internal AuditorTaiwan Chinsan Electronic Industrial Co., Ltd. announced change in chief internal auditor. Date of occurrence of the change: February 14, 2025. Name, title, and resume of the previous position holder: CHIU WEI SHENG/Chief internal auditor of The Company. Name, title, and resume of the new position holder: CHEN LI CHIA/Internal audit of The Company. Type of change: position adjustment. Reason for the change: Internal position adjustment. Effective date: February 14, 2025.
お知らせ • Jan 14+ 1 more updateTaiwan Chinsan Electronic Industrial Co., Ltd. Announces Resignations of Juristic-Person Directors and an Independent DirectorTaiwan Chinsan Electronic Industrial Co., Ltd. announced the resignations of juristic- person directors and an independent director; one-third of the board was changed. RU,SHAO-PIN and LIU,WEN-LIANG resigned as Juristic-person director, CHIU,TA-SHENG resigned as Independent director and Director, effective on January 13, 2025.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.85, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 5.6% over the past three years.
New Risk • Dec 04New 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change).
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$42.10, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total loss to shareholders of 1.6% over the past three years.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.27 (vs NT$0.071 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.27 (up from NT$0.071 in 3Q 2023). Revenue: NT$963.7m (up 8.5% from 3Q 2023). Net income: NT$35.0m (up 281% from 3Q 2023). Profit margin: 3.6% (up from 1.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 05Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.30 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.28 (down from NT$0.30 in 2Q 2023). Revenue: NT$844.9m (up 4.2% from 2Q 2023). Net income: NT$36.3m (down 7.7% from 2Q 2023). Profit margin: 4.3% (down from 4.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 05Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
Declared Dividend • Jun 14Dividend reduced to NT$1.20Dividend of NT$1.20 is 20% lower than last year. Ex-date: 27th June 2024 Payment date: 19th July 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (193% earnings payout ratio) nor is it adequately covered by cash flows (98% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 114% to bring the payout ratio under control, which is more than the 66% EPS growth achieved over the last 5 years.
お知らせ • Jun 14Taiwan Chinsan Electronic Industrial Co., Ltd. Announces Dividend for 2023, Payable on July 19, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced dividend for 2023. Type and monetary amount of dividend distribution: Allocation of TWD 64,731,275 from its distributable earning for 2023 to pay a cash dividend of TWD 0.5 per share to shareholders. Allocation of TWD 90,623,784 from its capital reserves to pay a cash dividend of TWD 0.7 per share to shareholders; Ex-rights (Ex-dividend) date: June 27, 2024; Ex-rights (Ex-dividend) record date: July 4, 2024; Payment date of cash dividend distribution: July 19, 2024. Date of the resolution by the board of directors or shareholders meeting, or of the decision by the company: June 12, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.063 profit in 1Q 2023)First quarter 2024 results: NT$0.03 loss per share (down from NT$0.063 profit in 1Q 2023). Revenue: NT$735.7m (up 12% from 1Q 2023). Net loss: NT$3.86m (down 148% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% 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.
お知らせ • May 08Taiwan Chinsan Electronic Industrial Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Taiwan Chinsan Electronic Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: NT$0.72 (vs NT$0.81 in FY 2022)Full year 2023 results: EPS: NT$0.72 (down from NT$0.81 in FY 2022). Revenue: NT$3.19b (down 14% from FY 2022). Net income: NT$92.7m (down 11% from FY 2022). Profit margin: 2.9% (up from 2.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Mar 12Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, May 27, 2024Taiwan Chinsan Electronic Industrial Co., Ltd., Annual General Meeting, May 27, 2024. Location: 2F, No. 1, Alley11, Lane 68, Sec. 1 Kwang-Fu Road SanChung Dist New Taipei City Taiwan Agenda: To approve the 2023 Annual Business Report; to approve the Audit Committee reviews the financial statements and reports for the fiscal year 2023; to approve Report on Employee and Director Compensation; and to consider other matters.
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.41 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.30 (down from NT$0.41 in 2Q 2022). Revenue: NT$810.9m (down 11% from 2Q 2022). Net income: NT$39.3m (down 26% from 2Q 2022). Profit margin: 4.9% (down from 5.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 19Upcoming dividend of NT$1.50 per share at 2.6% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.2%).
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.25 in 3Q 2021). Revenue: NT$901.1m (down 20% from 3Q 2021). Net income: NT$23.2m (down 29% from 3Q 2021). Profit margin: 2.6% (down from 2.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.25 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.25 in 3Q 2021). Revenue: NT$901.1m (down 20% from 3Q 2021). Net income: NT$23.2m (down 29% from 3Q 2021). Profit margin: 2.6% (down from 2.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.30 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.41 (up from NT$0.30 in 2Q 2021). Revenue: NT$911.6m (down 14% from 2Q 2021). Net income: NT$53.0m (up 34% from 2Q 2021). Profit margin: 5.8% (up from 3.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 30Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 02 August 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%).
Reported Earnings • Mar 30Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$1.24 (up from NT$0.083 in FY 2020). Revenue: NT$4.30b (up 15% from FY 2020). Net income: NT$161.1m (up NT$150.4m from FY 2020). Profit margin: 3.7% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.24 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.13b (up 7.9% from 3Q 2020). Net income: NT$32.7m (up 4.0% from 3Q 2020). Profit margin: 2.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.47 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.06b (up 11% from 2Q 2020). Net income: NT$39.5m (down 33% from 2Q 2020). Profit margin: 3.7% (down from 6.2% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 02Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 01 September 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.0%).
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.35 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$979.9m (up 38% from 1Q 2020). Net income: NT$7.08m (up NT$51.6m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$0.09 (vs NT$0.029 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$3.75b (flat on FY 2019). Net income: NT$10.7m (up 195% from FY 2019). Profit margin: 0.3% (up from 0.1% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 12Taiwan Chinsan Electronic Industrial (GTSM:8042) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Feb 03We're Watching These Trends At Taiwan Chinsan Electronic Industrial (GTSM:8042)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Jan 13Does Taiwan Chinsan Electronic Industrial's (GTSM:8042) Statutory Profit Adequately Reflect Its Underlying Profit?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
Is New 90 Day High Low • Dec 25New 90-day high: NT$45.40The company is up 32% from its price of NT$34.30 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 19% over the same period.
分析記事 • Dec 15Reflecting on Taiwan Chinsan Electronic Industrial's (GTSM:8042) Share Price Returns Over The Last Three YearsWhile not a mind-blowing move, it is good to see that the Taiwan Chinsan Electronic Industrial Co., Ltd. ( GTSM:8042...
分析記事 • Nov 25Taiwan Chinsan Electronic Industrial Co., Ltd.'s (GTSM:8042) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Taiwan Chinsan Electronic Industrial (GTSM:8042) has had a great run on the share market with its stock up by a...
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 17% share price gain to NT$45.20, the stock is trading at a trailing P/E ratio of 72.3x, up from the previous P/E ratio of 61.7x. This compares to an average P/E of 16x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 12%.
Is New 90 Day High Low • Nov 21New 90-day high: NT$42.25The company is up 19% from its price of NT$35.39 on 21 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.25The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.05b (down 4.3% from 3Q 2019). Net income: NT$31.5m (up 61% from 3Q 2019). Profit margin: 3.0% (up from 1.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 101% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 27New 90-day high: NT$37.60The company is up 11% from its price of NT$33.98 on 29 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 1.0% over the same period.
