View Financial HealthIBASE Technology 配当と自社株買い配当金 基準チェック /36IBASE Technology配当を支払う会社であり、現在の利回りは6.71%です。主要情報6.7%配当利回り0%バイバック利回り総株主利回り6.7%将来の配当利回りn/a配当成長2.6%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向144%最近の配当と自社株買いの更新Upcoming Dividend • Jul 11Upcoming dividend of NT$3.18 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%).お知らせ • Feb 28IBASE Technology Inc. Approves Cash Dividend for the Year Ended December 31, 2024IBASE Technology Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 2.20 per share for the year ended December 31, 2024. Total amount of cash dividends to shareholders is TWD 634,169,712. Date of the board of directors resolution is February 27, 2025.Upcoming Dividend • Aug 01Upcoming dividend of NT$4.18 per shareEligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.2%).Upcoming Dividend • Jul 13Upcoming dividend of NT$5.58 per share at 2.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.5%).Upcoming Dividend • Jul 07Upcoming dividend of NT$2.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%).Upcoming Dividend • Jul 23Inaugural dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 5.0%.すべての更新を表示Recent updatesReported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.12 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.12 in 1Q 2025). Revenue: NT$1.23b (down 21% from 1Q 2025). Net income: NT$155.9m (down 4.1% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Feb 26IBASE Technology Inc., Annual General Meeting, Jun 26, 2026IBASE Technology Inc., Annual General Meeting, Jun 26, 2026. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city TaiwanReported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$1.44 (vs NT$4.06 in FY 2024)Full year 2025 results: EPS: NT$1.44 (down from NT$4.06 in FY 2024). Revenue: NT$5.36b (up 3.4% from FY 2024). Net income: NT$210.8m (down 64% from FY 2024). Profit margin: 3.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.61 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.61 in 3Q 2024). Revenue: NT$1.24b (down 13% from 3Q 2024). Net income: NT$125.4m (up 40% from 3Q 2024). Profit margin: 10% (up from 6.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.64 loss per share (vs NT$1.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.64 loss per share (down from NT$1.17 profit in 2Q 2024). Revenue: NT$1.50b (up 14% from 2Q 2024). Net loss: NT$94.3m (down 155% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 11Upcoming dividend of NT$3.18 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%).Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$1.12 (vs NT$1.37 in 1Q 2024)First quarter 2025 results: EPS: NT$1.12 (down from NT$1.37 in 1Q 2024). Revenue: NT$1.55b (up 57% from 1Q 2024). Net income: NT$162.6m (down 18% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • May 01IBASE Technology Inc. to Report Q1, 2025 Results on May 08, 2025IBASE Technology Inc. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$55.70, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 32% over the past three years.Buy Or Sell Opportunity • Mar 20Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to NT$70.90. The fair value is estimated to be NT$59.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.Buy Or Sell Opportunity • Mar 04Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$71.10. The fair value is estimated to be NT$59.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.お知らせ • Mar 03IBASE Technology Inc., Annual General Meeting, Jun 20, 2025IBASE Technology Inc., Annual General Meeting, Jun 20, 2025. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city Taiwanお知らせ • Feb 28IBASE Technology Inc. Approves Cash Dividend for the Year Ended December 31, 2024IBASE Technology Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 2.20 per share for the year ended December 31, 2024. Total amount of cash dividends to shareholders is TWD 634,169,712. Date of the board of directors resolution is February 27, 2025.お知らせ • Feb 20IBASE Technology Inc. to Report Q4, 2024 Results on Feb 27, 2025IBASE Technology Inc. announced that they will report Q4, 2024 results on Feb 27, 2025Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$74.80, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 117% over the past three years.Buy Or Sell Opportunity • Feb 10Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$74.60. The fair value is estimated to be NT$61.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.Buy Or Sell Opportunity • Dec 24Now 20% overvaluedOver the last 90 days, the stock has fallen 3.1% to NT$72.70. The fair value is estimated to be NT$60.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.Buy Or Sell Opportunity • Nov 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$72.30. The fair value is estimated to be NT$59.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.6%.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: NT$0.62 (vs NT$1.91 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.62 (down from NT$1.91 in 3Q 2023). Revenue: NT$1.42b (down 5.7% from 3Q 2023). Net income: NT$89.3m (down 67% from 3Q 2023). Profit margin: 6.3% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Aug 21Now 23% overvaluedOver the last 90 days, the stock has fallen 15% to NT$73.60. The fair value is estimated to be NT$59.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%.New Risk • Aug 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).Upcoming Dividend • Aug 01Upcoming dividend of NT$4.18 per shareEligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.2%).お知らせ • Jul 30IBASE Technology Inc. to Report Q2, 2024 Results on Aug 06, 2024IBASE Technology Inc. announced that they will report Q2, 2024 results on Aug 06, 2024Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.37 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$1.37 (down from NT$1.87 in 1Q 2023). Revenue: NT$986.3m (down 39% from 1Q 2023). Net income: NT$198.7m (down 19% from 1Q 2023). Profit margin: 20% (up from 15% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • May 02IBASE Technology Inc. to Report Q1, 2024 Results on May 09, 2024IBASE Technology Inc. announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$5.22 (vs NT$9.42 in FY 2022)Full year 2023 results: EPS: NT$5.22 (down from NT$9.42 in FY 2022). Revenue: NT$6.00b (down 12% from FY 2022). Net income: NT$715.9m (down 37% from FY 2022). Profit margin: 12% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 01+ 1 more updateIBASE Technology Inc., Annual General Meeting, Jun 19, 2024IBASE Technology Inc., Annual General Meeting, Jun 19, 2024. Location: 3F, No3, Yuan QU Street,NanKang, Taipei 115, Taiwan Bldg F, 3F, Video Center,NanKang Software Park Taipei Taiwan Agenda: To report on the remuneration to the employees and directors for the year 2023; to consider 2023 business report; to consider 2023 audit committee's review report; to consider execution of share buyback; to consider adoption of the company's 2023 business report and financial statements; and to consider other issues.New Risk • Feb 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% 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 326x cash flows per share). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).Board Change • Dec 08Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Aug 23New 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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding).お知らせ • Aug 10IBASE Technology Inc. Appoints Lee, Chia-Fu as Chief Information Security OfficerIBASE Technology Inc. announced that the appointment of Chief Information Security Officer. Name, title, and resume of the new position holder: Lee, Chia-Fu, Senior Executive Vice President. Effective date is August 09, 2023. Reason for the change: new replacement.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.69 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.69 (down from NT$2.22 in 2Q 2022). Revenue: NT$1.54b (up 4.7% from 2Q 2022). Net income: NT$223.2m (down 12% from 2Q 2022). Profit margin: 14% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.New Risk • Jul 17New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).New Risk • Jul 17New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).Upcoming Dividend • Jul 13Upcoming dividend of NT$5.58 per share at 2.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.5%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$102, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 180% over the past three years.Price Target Changed • Mar 15Price target decreased by 11% to NT$91.00Down from NT$103, the current price target is an average from 2 analysts. New target price is 13% above last closing price of NT$80.20. Stock is up 100% over the past year. The company posted earnings per share of NT$9.42 last year.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$9.42 (vs NT$2.69 in FY 2021)Full year 2022 results: EPS: NT$9.42 (up from NT$2.69 in FY 2021). Revenue: NT$6.77b (up 19% from FY 2021). Net income: NT$1.14b (up 263% from FY 2021). Profit margin: 17% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target decreased to NT$101Down from NT$111, the current price target is an average from 2 analysts. New target price is 41% above last closing price of NT$71.50. Stock is up 77% over the past year. The company posted earnings per share of NT$2.69 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: NT$3.40 (vs NT$0.51 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.40 (up from NT$0.51 in 3Q 2021). Revenue: NT$1.88b (up 33% from 3Q 2021). Net income: NT$418.3m (up NT$359.6m from 3Q 2021). Profit margin: 22% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$68.21 per share.Price Target Changed • Sep 19Price target increased to NT$87.50Up from NT$65.49, the current price target is provided by 1 analyst. New target price is 9.4% above last closing price of NT$80.00. Stock is up 104% over the past year. The company posted earnings per share of NT$2.69 last year.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$0.33 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$0.33 in 2Q 2021). Revenue: NT$1.47b (down 26% from 2Q 2021). Net income: NT$252.8m (up NT$213.9m from 2Q 2021). Profit margin: 17% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$2.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%).Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$56.70, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 45% over the past three years.Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$1.53 (vs NT$0.31 in 1Q 2021)First quarter 2022 results: EPS: NT$1.53 (up from NT$0.31 in 1Q 2021). Revenue: NT$1.48b (up 42% from 1Q 2021). Net income: NT$173.6m (up 369% from 1Q 2021). Profit margin: 12% (up from 3.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Supervisor Can Rong Chen was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Mar 31IBASE Technology Inc., Annual General Meeting, Jun 22, 2022IBASE Technology Inc., Annual General Meeting, Jun 22, 2022.Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$2.69 (up from NT$0.74 in FY 2020). Revenue: NT$5.71b (up 33% from FY 2020). Net income: NT$312.5m (up 254% from FY 2020). Profit margin: 5.5% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.41b (up 35% from 3Q 2020). Net income: NT$58.7m (up 345% from 3Q 2020). Profit margin: 4.2% (up from 1.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.44 in 2Q 2020)The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.98b (up 115% from 2Q 2020). Net income: NT$38.9m (down 26% from 2Q 2020). Profit margin: 2.0% (down from 5.7% in 2Q 2020). 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 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 23Inaugural dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 5.0%.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.055 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$1.05b (flat on 1Q 2020). Net income: NT$37.0m (up 459% from 1Q 2020). Profit margin: 3.5% (up from 0.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.分析記事 • Apr 01Here's Why IBASE Technology (GTSM:8050) Can Afford Some DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analyst Estimate Surprise Post Earnings • Feb 28Revenue misses expectationsRevenue missed analyst estimates by 11%.Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$0.74 (vs NT$2.12 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$4.31b (up 12% from FY 2019). Net income: NT$88.4m (down 65% from FY 2019). Profit margin: 2.1% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% 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.分析記事 • Feb 10IBASE Technology Inc.'s (GTSM:8050) Dismal Stock Performance Reflects Weak FundamentalsIBASE Technology (GTSM:8050) has had a rough three months with its share price down 13%. Given that stock prices are...Is New 90 Day High Low • Feb 06New 90-day low: NT$34.65The company is down 12% from its price of NT$39.60 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period.分析記事 • Jan 20IBASE Technology (GTSM:8050) Share Prices Have Dropped 27% In The Last Three YearsAs an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock...Is New 90 Day High Low • Jan 20New 90-day low: NT$36.35The company is down 13% from its price of NT$41.80 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period.分析記事 • Dec 30IBASE Technology (GTSM:8050) Use Of Debt Could Be Considered RiskyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Is New 90 Day High Low • Dec 11New 90-day low: NT$38.95The company is down 9.0% from its price of NT$43.00 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period.分析記事 • Dec 11Should You Use IBASE Technology's (GTSM:8050) Statutory Earnings To Analyse It?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...分析記事 • Nov 17Our Take On The Returns On Capital At IBASE Technology (GTSM:8050)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few...Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 11%.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.11The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.04b (up 22% from 3Q 2019). Net income: NT$13.2m (down 2.4% from 3Q 2019). Profit margin: 1.3% (down from 1.6% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 30New 90-day low: NT$39.70The company is down 8.0% from its price of NT$43.30 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 3.0% over the same period.決済の安定と成長配当データの取得安定した配当: 8050の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 8050の配当金は過去10年間にわたって増加しています。配当利回り対市場IBASE Technology 配当利回り対市場8050 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (8050)6.7%市場下位25% (TW)1.5%市場トップ25% (TW)5.0%業界平均 (Tech)2.9%アナリスト予想 (8050) (最長3年)n/a注目すべき配当: 8050の配当金 ( 6.71% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) よりも高くなっています。高配当: 8050の配当金 ( 6.71% ) はTW市場 ( 5% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 8050は高い 配当性向 ( 144% ) のため、配当金の支払いは利益によって十分にカバーされていません。株主配当金キャッシュフローカバレッジ: 8050は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/11 15:07終値2026/05/11 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IBASE Technology Inc. 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Changrong ChenCapital Securities CorporationAngela HsiangKGI Securities Co. Ltd.Shuchun HsiaoMasterlink Securities Investment Advisory2 その他のアナリストを表示
Upcoming Dividend • Jul 11Upcoming dividend of NT$3.18 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%).
お知らせ • Feb 28IBASE Technology Inc. Approves Cash Dividend for the Year Ended December 31, 2024IBASE Technology Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 2.20 per share for the year ended December 31, 2024. Total amount of cash dividends to shareholders is TWD 634,169,712. Date of the board of directors resolution is February 27, 2025.
Upcoming Dividend • Aug 01Upcoming dividend of NT$4.18 per shareEligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.2%).
Upcoming Dividend • Jul 13Upcoming dividend of NT$5.58 per share at 2.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.5%).
Upcoming Dividend • Jul 07Upcoming dividend of NT$2.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%).
Upcoming Dividend • Jul 23Inaugural dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 5.0%.
Reported Earnings • May 09First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.12 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.12 in 1Q 2025). Revenue: NT$1.23b (down 21% from 1Q 2025). Net income: NT$155.9m (down 4.1% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 26IBASE Technology Inc., Annual General Meeting, Jun 26, 2026IBASE Technology Inc., Annual General Meeting, Jun 26, 2026. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city Taiwan
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$1.44 (vs NT$4.06 in FY 2024)Full year 2025 results: EPS: NT$1.44 (down from NT$4.06 in FY 2024). Revenue: NT$5.36b (up 3.4% from FY 2024). Net income: NT$210.8m (down 64% from FY 2024). Profit margin: 3.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.61 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.61 in 3Q 2024). Revenue: NT$1.24b (down 13% from 3Q 2024). Net income: NT$125.4m (up 40% from 3Q 2024). Profit margin: 10% (up from 6.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.64 loss per share (vs NT$1.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.64 loss per share (down from NT$1.17 profit in 2Q 2024). Revenue: NT$1.50b (up 14% from 2Q 2024). Net loss: NT$94.3m (down 155% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 11Upcoming dividend of NT$3.18 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 08 August 2025. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.7%).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$1.12 (vs NT$1.37 in 1Q 2024)First quarter 2025 results: EPS: NT$1.12 (down from NT$1.37 in 1Q 2024). Revenue: NT$1.55b (up 57% from 1Q 2024). Net income: NT$162.6m (down 18% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • May 01IBASE Technology Inc. to Report Q1, 2025 Results on May 08, 2025IBASE Technology Inc. announced that they will report Q1, 2025 results on May 08, 2025
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$55.70, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 32% over the past three years.
Buy Or Sell Opportunity • Mar 20Now 20% overvaluedOver the last 90 days, the stock has fallen 1.1% to NT$70.90. The fair value is estimated to be NT$59.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.
Buy Or Sell Opportunity • Mar 04Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$71.10. The fair value is estimated to be NT$59.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.
お知らせ • Mar 03IBASE Technology Inc., Annual General Meeting, Jun 20, 2025IBASE Technology Inc., Annual General Meeting, Jun 20, 2025. Location: 3 floor building. f no,3, yuan ou st., nangang district, taipei city Taiwan
お知らせ • Feb 28IBASE Technology Inc. Approves Cash Dividend for the Year Ended December 31, 2024IBASE Technology Inc. approved appropriations of earnings in cash dividends to shareholders of TWD 2.20 per share for the year ended December 31, 2024. Total amount of cash dividends to shareholders is TWD 634,169,712. Date of the board of directors resolution is February 27, 2025.
お知らせ • Feb 20IBASE Technology Inc. to Report Q4, 2024 Results on Feb 27, 2025IBASE Technology Inc. announced that they will report Q4, 2024 results on Feb 27, 2025
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$74.80, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 117% over the past three years.
Buy Or Sell Opportunity • Feb 10Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$74.60. The fair value is estimated to be NT$61.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.
Buy Or Sell Opportunity • Dec 24Now 20% overvaluedOver the last 90 days, the stock has fallen 3.1% to NT$72.70. The fair value is estimated to be NT$60.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.5%.
Buy Or Sell Opportunity • Nov 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$72.30. The fair value is estimated to be NT$59.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 6.6%.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: NT$0.62 (vs NT$1.91 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.62 (down from NT$1.91 in 3Q 2023). Revenue: NT$1.42b (down 5.7% from 3Q 2023). Net income: NT$89.3m (down 67% from 3Q 2023). Profit margin: 6.3% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Aug 21Now 23% overvaluedOver the last 90 days, the stock has fallen 15% to NT$73.60. The fair value is estimated to be NT$59.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%.
New Risk • Aug 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 188% Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
Upcoming Dividend • Aug 01Upcoming dividend of NT$4.18 per shareEligible shareholders must have bought the stock before 08 August 2024. Payment date: 30 August 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.2%).
お知らせ • Jul 30IBASE Technology Inc. to Report Q2, 2024 Results on Aug 06, 2024IBASE Technology Inc. announced that they will report Q2, 2024 results on Aug 06, 2024
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$1.37 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$1.37 (down from NT$1.87 in 1Q 2023). Revenue: NT$986.3m (down 39% from 1Q 2023). Net income: NT$198.7m (down 19% from 1Q 2023). Profit margin: 20% (up from 15% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • May 02IBASE Technology Inc. to Report Q1, 2024 Results on May 09, 2024IBASE Technology Inc. announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$5.22 (vs NT$9.42 in FY 2022)Full year 2023 results: EPS: NT$5.22 (down from NT$9.42 in FY 2022). Revenue: NT$6.00b (down 12% from FY 2022). Net income: NT$715.9m (down 37% from FY 2022). Profit margin: 12% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 01+ 1 more updateIBASE Technology Inc., Annual General Meeting, Jun 19, 2024IBASE Technology Inc., Annual General Meeting, Jun 19, 2024. Location: 3F, No3, Yuan QU Street,NanKang, Taipei 115, Taiwan Bldg F, 3F, Video Center,NanKang Software Park Taipei Taiwan Agenda: To report on the remuneration to the employees and directors for the year 2023; to consider 2023 business report; to consider 2023 audit committee's review report; to consider execution of share buyback; to consider adoption of the company's 2023 business report and financial statements; and to consider other issues.
New Risk • Feb 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% 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 326x cash flows per share). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).
Board Change • Dec 08Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Aug 23New 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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (11% increase in shares outstanding).
お知らせ • Aug 10IBASE Technology Inc. Appoints Lee, Chia-Fu as Chief Information Security OfficerIBASE Technology Inc. announced that the appointment of Chief Information Security Officer. Name, title, and resume of the new position holder: Lee, Chia-Fu, Senior Executive Vice President. Effective date is August 09, 2023. Reason for the change: new replacement.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: NT$1.69 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.69 (down from NT$2.22 in 2Q 2022). Revenue: NT$1.54b (up 4.7% from 2Q 2022). Net income: NT$223.2m (down 12% from 2Q 2022). Profit margin: 14% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 17New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).
New Risk • Jul 17New 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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).
Upcoming Dividend • Jul 13Upcoming dividend of NT$5.58 per share at 2.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.5%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$102, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 180% over the past three years.
Price Target Changed • Mar 15Price target decreased by 11% to NT$91.00Down from NT$103, the current price target is an average from 2 analysts. New target price is 13% above last closing price of NT$80.20. Stock is up 100% over the past year. The company posted earnings per share of NT$9.42 last year.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$9.42 (vs NT$2.69 in FY 2021)Full year 2022 results: EPS: NT$9.42 (up from NT$2.69 in FY 2021). Revenue: NT$6.77b (up 19% from FY 2021). Net income: NT$1.14b (up 263% from FY 2021). Profit margin: 17% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target decreased to NT$101Down from NT$111, the current price target is an average from 2 analysts. New target price is 41% above last closing price of NT$71.50. Stock is up 77% over the past year. The company posted earnings per share of NT$2.69 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yao Shen was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: NT$3.40 (vs NT$0.51 in 3Q 2021)Third quarter 2022 results: EPS: NT$3.40 (up from NT$0.51 in 3Q 2021). Revenue: NT$1.88b (up 33% from 3Q 2021). Net income: NT$418.3m (up NT$359.6m from 3Q 2021). Profit margin: 22% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$66.70, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$68.21 per share.
Price Target Changed • Sep 19Price target increased to NT$87.50Up from NT$65.49, the current price target is provided by 1 analyst. New target price is 9.4% above last closing price of NT$80.00. Stock is up 104% over the past year. The company posted earnings per share of NT$2.69 last year.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$0.33 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$0.33 in 2Q 2021). Revenue: NT$1.47b (down 26% from 2Q 2021). Net income: NT$252.8m (up NT$213.9m from 2Q 2021). Profit margin: 17% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$2.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (7.9%).
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$56.70, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Reported Earnings • May 07First quarter 2022 earnings released: EPS: NT$1.53 (vs NT$0.31 in 1Q 2021)First quarter 2022 results: EPS: NT$1.53 (up from NT$0.31 in 1Q 2021). Revenue: NT$1.48b (up 42% from 1Q 2021). Net income: NT$173.6m (up 369% from 1Q 2021). Profit margin: 12% (up from 3.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. No independent directors (6 non-independent directors). Supervisor Can Rong Chen was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Mar 31IBASE Technology Inc., Annual General Meeting, Jun 22, 2022IBASE Technology Inc., Annual General Meeting, Jun 22, 2022.
Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$2.69 (up from NT$0.74 in FY 2020). Revenue: NT$5.71b (up 33% from FY 2020). Net income: NT$312.5m (up 254% from FY 2020). Profit margin: 5.5% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.41b (up 35% from 3Q 2020). Net income: NT$58.7m (up 345% from 3Q 2020). Profit margin: 4.2% (up from 1.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.44 in 2Q 2020)The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.98b (up 115% from 2Q 2020). Net income: NT$38.9m (down 26% from 2Q 2020). Profit margin: 2.0% (down from 5.7% in 2Q 2020). 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 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 23Inaugural dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 30 July 2021. Payment date: 20 August 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 5.0%.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.31 (vs NT$0.055 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$1.05b (flat on 1Q 2020). Net income: NT$37.0m (up 459% from 1Q 2020). Profit margin: 3.5% (up from 0.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 01Here's Why IBASE Technology (GTSM:8050) Can Afford Some DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analyst Estimate Surprise Post Earnings • Feb 28Revenue misses expectationsRevenue missed analyst estimates by 11%.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$0.74 (vs NT$2.12 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$4.31b (up 12% from FY 2019). Net income: NT$88.4m (down 65% from FY 2019). Profit margin: 2.1% (down from 6.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% 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.
分析記事 • Feb 10IBASE Technology Inc.'s (GTSM:8050) Dismal Stock Performance Reflects Weak FundamentalsIBASE Technology (GTSM:8050) has had a rough three months with its share price down 13%. Given that stock prices are...
Is New 90 Day High Low • Feb 06New 90-day low: NT$34.65The company is down 12% from its price of NT$39.60 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period.
分析記事 • Jan 20IBASE Technology (GTSM:8050) Share Prices Have Dropped 27% In The Last Three YearsAs an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock...
Is New 90 Day High Low • Jan 20New 90-day low: NT$36.35The company is down 13% from its price of NT$41.80 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period.
分析記事 • Dec 30IBASE Technology (GTSM:8050) Use Of Debt Could Be Considered RiskyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Is New 90 Day High Low • Dec 11New 90-day low: NT$38.95The company is down 9.0% from its price of NT$43.00 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period.
分析記事 • Dec 11Should You Use IBASE Technology's (GTSM:8050) Statutory Earnings To Analyse It?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
分析記事 • Nov 17Our Take On The Returns On Capital At IBASE Technology (GTSM:8050)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few...
Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 11%.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.11The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.04b (up 22% from 3Q 2019). Net income: NT$13.2m (down 2.4% from 3Q 2019). Profit margin: 1.3% (down from 1.6% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 30New 90-day low: NT$39.70The company is down 8.0% from its price of NT$43.30 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 3.0% over the same period.