View Future GrowthFirich Enterprises 過去の業績過去 基準チェック /16Firich Enterprisesの収益は年間平均-3.6%の割合で減少していますが、 Electronic業界の収益は年間 増加しています。収益は年間0.4% 4%割合で 減少しています。 Firich Enterprisesの自己資本利益率は2%であり、純利益率は3.6%です。主要情報-3.60%収益成長率-3.62%EPS成長率Electronic 業界の成長14.81%収益成長率-4.05%株主資本利益率2.03%ネット・マージン3.56%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.16 (vs NT$0.039 in 1Q 2025)First quarter 2026 results: EPS: NT$0.16 (up from NT$0.039 in 1Q 2025). Revenue: NT$652.7m (up 53% from 1Q 2025). Net income: NT$47.4m (up 320% from 1Q 2025). Profit margin: 7.3% (up from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% 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.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.14 (vs NT$1.49 in FY 2024)Full year 2025 results: EPS: NT$0.14 (down from NT$1.49 in FY 2024). Revenue: NT$1.97b (down 12% from FY 2024). Net income: NT$42.0m (down 90% from FY 2024). Profit margin: 2.1% (down from 20% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$425.5m (down 13% from 3Q 2024). Net loss: NT$94.1m (down 169% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.30 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.30 (down from NT$1.25 in 2Q 2024). Revenue: NT$522.3m (down 9.6% from 2Q 2024). Net income: NT$86.9m (down 76% from 2Q 2024). Profit margin: 17% (down from 63% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.78 in 1Q 2024)First quarter 2025 results: EPS: NT$0.04 (down from NT$0.78 in 1Q 2024). Revenue: NT$427.3m (down 28% from 1Q 2024). Net income: NT$11.3m (down 95% from 1Q 2024). Profit margin: 2.6% (down from 38% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.お知らせ • Apr 30Firich Enterprises Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Firich Enterprises Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025すべての更新を表示Recent updatesReported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.16 (vs NT$0.039 in 1Q 2025)First quarter 2026 results: EPS: NT$0.16 (up from NT$0.039 in 1Q 2025). Revenue: NT$652.7m (up 53% from 1Q 2025). Net income: NT$47.4m (up 320% from 1Q 2025). Profit margin: 7.3% (up from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% 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.New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 73% 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. Paying a dividend despite being loss-making. Cash payout ratio: 193% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).お知らせ • Mar 16Firich Enterprises Co., Ltd., Annual General Meeting, Jun 12, 2026Firich Enterprises Co., Ltd., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,308, sec.1 ta t`ung rd., sijhih district, new taipei city TaiwanReported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.14 (vs NT$1.49 in FY 2024)Full year 2025 results: EPS: NT$0.14 (down from NT$1.49 in FY 2024). Revenue: NT$1.97b (down 12% from FY 2024). Net income: NT$42.0m (down 90% from FY 2024). Profit margin: 2.1% (down from 20% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$425.5m (down 13% from 3Q 2024). Net loss: NT$94.1m (down 169% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.30 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.30 (down from NT$1.25 in 2Q 2024). Revenue: NT$522.3m (down 9.6% from 2Q 2024). Net income: NT$86.9m (down 76% from 2Q 2024). Profit margin: 17% (down from 63% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Declared Dividend • Aug 14Dividend increased to NT$1.10Dividend of NT$1.10 is 38% higher than last year. Ex-date: 29th August 2025 Payment date: 30th September 2025 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (240% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control, which is more than the 7.6% EPS growth achieved over the last 5 years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.78 in 1Q 2024)First quarter 2025 results: EPS: NT$0.04 (down from NT$0.78 in 1Q 2024). Revenue: NT$427.3m (down 28% from 1Q 2024). Net income: NT$11.3m (down 95% from 1Q 2024). Profit margin: 2.6% (down from 38% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.お知らせ • Apr 30Firich Enterprises Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Firich Enterprises 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$24.35, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 3.3% over the past three years.New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22,876% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (208% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.49 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$1.49 (up from NT$0.15 in FY 2023). Revenue: NT$2.23b (down 13% from FY 2023). Net income: NT$434.0m (up NT$391.3m from FY 2023). Profit margin: 20% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 14+ 1 more updateFirich Enterprises Co., Ltd., Annual General Meeting, Jun 13, 2025Firich Enterprises Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: 6 floor no,308, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwanお知らせ • Mar 05Firich Enterprises Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025Firich Enterprises Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 489% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (158% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.084 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (up from NT$0.084 in 3Q 2023). Revenue: NT$489.4m (down 39% from 3Q 2023). Net income: NT$135.7m (up 454% from 3Q 2023). Profit margin: 28% (up from 3.1% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 29Firich Enterprises Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Firich Enterprises Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024New Risk • Sep 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results.New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 852% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.014 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.25 (up from NT$0.014 in 2Q 2023). Revenue: NT$577.9m (flat on 2Q 2023). Net income: NT$363.9m (up NT$359.9m from 2Q 2023). Profit margin: 63% (up from 0.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Declared Dividend • Aug 15Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 29th August 2024 Payment date: 4th October 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (417% earnings payout ratio). However, it is covered by cash flows (56% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 363% to bring the payout ratio under control. However, EPS has declined by 27% over the last 5 years so the company would need to reverse this trend.お知らせ • Aug 02Firich Enterprises Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Firich Enterprises Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.73 in 1Q 2023)First quarter 2024 results: EPS: NT$0.78 (up from NT$0.73 in 1Q 2023). Revenue: NT$595.4m (up 7.1% from 1Q 2023). Net income: NT$226.6m (up 6.3% from 1Q 2023). Profit margin: 38% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • May 03Firich Enterprises Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Firich Enterprises Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024お知らせ • Apr 27Firich Enterprises Co., Ltd. Announces Dividend Distribution for the year ended December 31, 2023Firich Enterprises Co., Ltd. announced dividend distribution for the year ended December 31, 2023. Appropriations of earnings in cash dividends to shareholders is TWD 0.09 per share. Cash dividends distributed from legal reserve and capital reserve to shareholders is TWD 0.71 per share. Total amount of cash dividends to shareholders is TWD 233,770,875.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$0.15 (vs NT$1.07 in FY 2022)Full year 2023 results: EPS: NT$0.15 (down from NT$1.07 in FY 2022). Revenue: NT$2.55b (down 6.2% from FY 2022). Net income: NT$42.7m (down 86% from FY 2022). Profit margin: 1.7% (down from 12% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 17Firich Enterprises Co., Ltd., Annual General Meeting, Jun 19, 2024Firich Enterprises Co., Ltd., Annual General Meeting, Jun 19, 2024.New Risk • Nov 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 120% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.New Risk • Nov 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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 Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.2% increase in shares outstanding).Upcoming Dividend • Aug 22Upcoming dividend of NT$0.70 per share at 2.1% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.2%).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.01 (vs NT$0.36 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.01 (down from NT$0.36 in 2Q 2022). Revenue: NT$579.5m (down 14% from 2Q 2022). Net income: NT$3.96m (down 96% from 2Q 2022). Profit margin: 0.7% (down from 15% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 11+ 4 more updatesFirich Enterprises Co., Ltd. Announces Change to the Corporate Governance OfficerFirich Enterprises Co., Ltd. announced change to the corporate governance officer. Name, title, and resume of the previous position holder: HONG, JA-JANE/senior manager of finance department of the Company. Name, title, and resume of the new position holder: LAI, YIN-FU/CFO of the Company. Effective date: August 10, 2023.New Risk • Aug 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.お知らせ • Aug 02+ 1 more updateFirich Enterprises Co., Ltd. Announces the Resignation of Hsu, Ming-Che as CEO, Effective August 10, 2023Firich Enterprises Co., Ltd. announced the resignation of Mr. Hsu, Ming-Che, Director as CEO, effective August 10, 2023. The Company will appoint an new CEO on next BOD meeting.お知らせ • Jun 30+ 2 more updatesFirich Enterprises Co., Ltd. Announces Board ChangesFirich Enterprises Co., Ltd. announced change in Audit Committee. Name of the previous position holder: LEU,HORNG-DER; HUANG.CHUN-HIS; FANG,JIN-WEIU. Resume of the previous position holder: LEU,HORNG-DER, Professor of Business Administration, Chung Yuan Christian University; HUANG.CHUN-HIS, Specially Appointed Professor of Architecture and Interior Design, Da-Yeh University; FANG,JIN-WEIU, Assistant professor of Takming University of Science and Technology. Name of the new position holder: FANG,JIN-WEIU; HSU,SHAN-WEI; WOU,ZI-LIN. Resume of the new position holder: FANG,JIN-WEIU, Assistant professor of Takming University of Science and Technology; HSU,SHAN-WEI, Chief Legal&Compliance Officer, CDH Investment Advisory Private Limited; WOU,ZI-LIN, Partner, RSM International Ltd. Effective date of the new member is June 29, 2023.New Risk • Jun 21New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$34.30, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.10 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$1.10 (up from NT$0.52 in FY 2021). Revenue: NT$2.71b (up 6.3% from FY 2021). Net income: NT$312.0m (up 114% from FY 2021). Profit margin: 12% (up from 5.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.17 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.17 in 3Q 2021). Revenue: NT$660.7m (flat on 3Q 2021). Net income: NT$73.9m (up 54% from 3Q 2021). Profit margin: 11% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.17 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.17 in 3Q 2021). Revenue: NT$660.7m (flat on 3Q 2021). Net income: NT$73.9m (up 54% from 3Q 2021). Profit margin: 11% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.25, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 5.9% over the past three years.Upcoming Dividend • Aug 23Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 04 October 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.38 (vs NT$0.048 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.38 (up from NT$0.048 in 2Q 2021). Revenue: NT$677.9m (up 15% from 2Q 2021). Net income: NT$101.5m (up NT$88.8m from 2Q 2021). Profit margin: 15% (up from 2.1% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% 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 • Aug 12+ 1 more updateFirich Enterprises Co., Ltd. Announces Committee ChangesFirich Enterprises Co., Ltd. announced that the Board of Directors resolved to set up Sustainable Development Committee. Name of the functional committees: Sustainable Development Committee. Name of the previous position holder:NA. Resume of the previous position holder: NA 5.Name of the new position holder: HSU,MING-CHE; CHU,CHENG-FANG; LAI,YIN-FU. Resume of the new position holder: HSU,MING-CHE: Chairman of FEC CHU,CHENG-FANG: Director of FEC LAI,YIN-FU: Chief Finance Officer of FEC. Effective date of the new member is August 11, 2022. The terms of office of Sustainable Development Committee members are the same as the terms of the Board of Directors.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$31.75, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 16% over the past three years.Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.097 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.30 (up from NT$0.097 loss in 1Q 2021). Revenue: NT$615.2m (up 18% from 1Q 2021). Net income: NT$79.9m (up NT$105.4m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% 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.お知らせ • May 12Firich Enterprises Co., Ltd. Announces Dividend Distribution for 2021Firich Enterprises Co., Ltd. announced dividend distribution for 2021. Appropriations of earnings in cash dividends to shareholders is TWD 0.2 per share. Total amount of cash dividends to shareholders is TWD 79,542,762.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.052 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$664.4m (up 11% from 3Q 2020). Net income: NT$47.9m (up NT$61.7m from 3Q 2020). Profit margin: 7.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 15Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 22 September 2021. Payment date: 14 October 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.034 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$589.3m (up 5.7% from 2Q 2020). Net income: NT$12.7m (up NT$21.9m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.11 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$522.2m (up 1.1% from 1Q 2020). Net loss: NT$25.6m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% 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.Reported Earnings • Mar 25Full year 2020 earnings released: NT$0.26 loss per share (vs NT$0.96 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$2.24b (down 28% from FY 2019). Net loss: NT$68.5m (down 126% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.分析記事 • Mar 24Is Firich Enterprises (GTSM:8076) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 17These Metrics Don't Make Firich Enterprises (GTSM:8076) Look Too StrongIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...分析記事 • Jan 14Reflecting on Firich Enterprises' (GTSM:8076) Share Price Returns Over The Last Five YearsWhile not a mind-blowing move, it is good to see that the Firich Enterprises Co., Ltd. ( GTSM:8076 ) share price has...Is New 90 Day High Low • Jan 05New 90-day high: NT$30.00The company is up 15% from its price of NT$26.10 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.分析記事 • Dec 03Here's Why Firich Enterprises (GTSM:8076) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Nov 19New 90-day high: NT$29.10The company is up 9.0% from its price of NT$26.75 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 6.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.05 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$599.2m (down 27% from 3Q 2019). Net loss: NT$13.8m (down 118% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% 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 30New 90-day low: NT$25.40The company is down 6.0% from its price of NT$27.03 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 Electronic industry, which is down 3.0% over the same period.Is New 90 Day High Low • Sep 25New 90-day low: NT$25.55The company is down 9.0% from its price of NT$28.06 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.収支内訳Firich Enterprises の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:8076 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 262,198785147431 Dec 251,973425137230 Sep 251,943-2884417330 Jun 252,006-584997231 Mar 252,0622195297031 Dec 242,2304345497430 Sep 242,2745275627030 Jun 242,5864165607131 Mar 242,588565307131 Dec 232,548435166830 Sep 232,6972985376530 Jun 232,5573485556531 Mar 232,6554455886731 Dec 222,7153125937430 Sep 222,7333666257730 Jun 222,7363405917931 Mar 222,6482525418331 Dec 212,5551465358230 Sep 212,347204808230 Jun 212,282-425038531 Mar 212,250-645138131 Dec 202,244-695167830 Sep 202,438-365758330 Jun 202,654565787931 Mar 202,8971575998231 Dec 193,1302636138430 Sep 193,3233176059130 Jun 193,5443176159831 Mar 193,7922916369531 Dec 183,8692756569330 Sep 183,6582506338530 Jun 183,5162516148031 Mar 183,2472325798231 Dec 173,0601805158330 Sep 173,0801654998330 Jun 172,9901754668331 Mar 173,0112014448231 Dec 163,1082154498130 Sep 163,1122474438730 Jun 163,0912524278831 Mar 162,9402204228831 Dec 152,8052364348930 Sep 152,7992594299130 Jun 152,78430644189質の高い収益: 8076にはNT$319.7M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: 8076の現在の純利益率 (3.6%)は、昨年(10.6%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 8076過去 5 年間で収益を上げており、収益は年間-3.6%増加しています。成長の加速: 8076は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 8076は過去 1 年間で収益成長率がマイナス ( -64.3% ) となったため、 Electronic業界平均 ( -3.9% ) と比較することが困難です。株主資本利益率高いROE: 8076の 自己資本利益率 ( 2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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2026/05/21 15:46終値2026/05/21 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Firich Enterprises Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.16 (vs NT$0.039 in 1Q 2025)First quarter 2026 results: EPS: NT$0.16 (up from NT$0.039 in 1Q 2025). Revenue: NT$652.7m (up 53% from 1Q 2025). Net income: NT$47.4m (up 320% from 1Q 2025). Profit margin: 7.3% (up from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% 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.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.14 (vs NT$1.49 in FY 2024)Full year 2025 results: EPS: NT$0.14 (down from NT$1.49 in FY 2024). Revenue: NT$1.97b (down 12% from FY 2024). Net income: NT$42.0m (down 90% from FY 2024). Profit margin: 2.1% (down from 20% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$425.5m (down 13% from 3Q 2024). Net loss: NT$94.1m (down 169% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.30 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.30 (down from NT$1.25 in 2Q 2024). Revenue: NT$522.3m (down 9.6% from 2Q 2024). Net income: NT$86.9m (down 76% from 2Q 2024). Profit margin: 17% (down from 63% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.78 in 1Q 2024)First quarter 2025 results: EPS: NT$0.04 (down from NT$0.78 in 1Q 2024). Revenue: NT$427.3m (down 28% from 1Q 2024). Net income: NT$11.3m (down 95% from 1Q 2024). Profit margin: 2.6% (down from 38% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
お知らせ • Apr 30Firich Enterprises Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Firich Enterprises Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.16 (vs NT$0.039 in 1Q 2025)First quarter 2026 results: EPS: NT$0.16 (up from NT$0.039 in 1Q 2025). Revenue: NT$652.7m (up 53% from 1Q 2025). Net income: NT$47.4m (up 320% from 1Q 2025). Profit margin: 7.3% (up from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% 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.
New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 73% 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. Paying a dividend despite being loss-making. Cash payout ratio: 193% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).
お知らせ • Mar 16Firich Enterprises Co., Ltd., Annual General Meeting, Jun 12, 2026Firich Enterprises Co., Ltd., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,308, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.14 (vs NT$1.49 in FY 2024)Full year 2025 results: EPS: NT$0.14 (down from NT$1.49 in FY 2024). Revenue: NT$1.97b (down 12% from FY 2024). Net income: NT$42.0m (down 90% from FY 2024). Profit margin: 2.1% (down from 20% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.46 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.46 profit in 3Q 2024). Revenue: NT$425.5m (down 13% from 3Q 2024). Net loss: NT$94.1m (down 169% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.30 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.30 (down from NT$1.25 in 2Q 2024). Revenue: NT$522.3m (down 9.6% from 2Q 2024). Net income: NT$86.9m (down 76% from 2Q 2024). Profit margin: 17% (down from 63% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Declared Dividend • Aug 14Dividend increased to NT$1.10Dividend of NT$1.10 is 38% higher than last year. Ex-date: 29th August 2025 Payment date: 30th September 2025 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (240% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control, which is more than the 7.6% EPS growth achieved over the last 5 years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.78 in 1Q 2024)First quarter 2025 results: EPS: NT$0.04 (down from NT$0.78 in 1Q 2024). Revenue: NT$427.3m (down 28% from 1Q 2024). Net income: NT$11.3m (down 95% from 1Q 2024). Profit margin: 2.6% (down from 38% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
お知らせ • Apr 30Firich Enterprises Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Firich Enterprises 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$24.35, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 3.3% over the past three years.
New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22,876% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (208% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.49 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$1.49 (up from NT$0.15 in FY 2023). Revenue: NT$2.23b (down 13% from FY 2023). Net income: NT$434.0m (up NT$391.3m from FY 2023). Profit margin: 20% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 14+ 1 more updateFirich Enterprises Co., Ltd., Annual General Meeting, Jun 13, 2025Firich Enterprises Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: 6 floor no,308, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan
お知らせ • Mar 05Firich Enterprises Co., Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025Firich Enterprises Co., Ltd. announced that they will report fiscal year 2024 results on Mar 13, 2025
New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 489% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (158% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.084 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (up from NT$0.084 in 3Q 2023). Revenue: NT$489.4m (down 39% from 3Q 2023). Net income: NT$135.7m (up 454% from 3Q 2023). Profit margin: 28% (up from 3.1% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 29Firich Enterprises Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Firich Enterprises Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
New Risk • Sep 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results.
New Risk • Aug 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 852% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.014 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.25 (up from NT$0.014 in 2Q 2023). Revenue: NT$577.9m (flat on 2Q 2023). Net income: NT$363.9m (up NT$359.9m from 2Q 2023). Profit margin: 63% (up from 0.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Aug 15Dividend of NT$0.80 announcedShareholders will receive a dividend of NT$0.80. Ex-date: 29th August 2024 Payment date: 4th October 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (417% earnings payout ratio). However, it is covered by cash flows (56% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 363% to bring the payout ratio under control. However, EPS has declined by 27% over the last 5 years so the company would need to reverse this trend.
お知らせ • Aug 02Firich Enterprises Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Firich Enterprises Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.73 in 1Q 2023)First quarter 2024 results: EPS: NT$0.78 (up from NT$0.73 in 1Q 2023). Revenue: NT$595.4m (up 7.1% from 1Q 2023). Net income: NT$226.6m (up 6.3% from 1Q 2023). Profit margin: 38% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • May 03Firich Enterprises Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Firich Enterprises Co., Ltd. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024
お知らせ • Apr 27Firich Enterprises Co., Ltd. Announces Dividend Distribution for the year ended December 31, 2023Firich Enterprises Co., Ltd. announced dividend distribution for the year ended December 31, 2023. Appropriations of earnings in cash dividends to shareholders is TWD 0.09 per share. Cash dividends distributed from legal reserve and capital reserve to shareholders is TWD 0.71 per share. Total amount of cash dividends to shareholders is TWD 233,770,875.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$0.15 (vs NT$1.07 in FY 2022)Full year 2023 results: EPS: NT$0.15 (down from NT$1.07 in FY 2022). Revenue: NT$2.55b (down 6.2% from FY 2022). Net income: NT$42.7m (down 86% from FY 2022). Profit margin: 1.7% (down from 12% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 17Firich Enterprises Co., Ltd., Annual General Meeting, Jun 19, 2024Firich Enterprises Co., Ltd., Annual General Meeting, Jun 19, 2024.
New Risk • Nov 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 120% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
New Risk • Nov 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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 Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.2% increase in shares outstanding).
Upcoming Dividend • Aug 22Upcoming dividend of NT$0.70 per share at 2.1% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.2%).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.01 (vs NT$0.36 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.01 (down from NT$0.36 in 2Q 2022). Revenue: NT$579.5m (down 14% from 2Q 2022). Net income: NT$3.96m (down 96% from 2Q 2022). Profit margin: 0.7% (down from 15% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 11+ 4 more updatesFirich Enterprises Co., Ltd. Announces Change to the Corporate Governance OfficerFirich Enterprises Co., Ltd. announced change to the corporate governance officer. Name, title, and resume of the previous position holder: HONG, JA-JANE/senior manager of finance department of the Company. Name, title, and resume of the new position holder: LAI, YIN-FU/CFO of the Company. Effective date: August 10, 2023.
New Risk • Aug 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.
お知らせ • Aug 02+ 1 more updateFirich Enterprises Co., Ltd. Announces the Resignation of Hsu, Ming-Che as CEO, Effective August 10, 2023Firich Enterprises Co., Ltd. announced the resignation of Mr. Hsu, Ming-Che, Director as CEO, effective August 10, 2023. The Company will appoint an new CEO on next BOD meeting.
お知らせ • Jun 30+ 2 more updatesFirich Enterprises Co., Ltd. Announces Board ChangesFirich Enterprises Co., Ltd. announced change in Audit Committee. Name of the previous position holder: LEU,HORNG-DER; HUANG.CHUN-HIS; FANG,JIN-WEIU. Resume of the previous position holder: LEU,HORNG-DER, Professor of Business Administration, Chung Yuan Christian University; HUANG.CHUN-HIS, Specially Appointed Professor of Architecture and Interior Design, Da-Yeh University; FANG,JIN-WEIU, Assistant professor of Takming University of Science and Technology. Name of the new position holder: FANG,JIN-WEIU; HSU,SHAN-WEI; WOU,ZI-LIN. Resume of the new position holder: FANG,JIN-WEIU, Assistant professor of Takming University of Science and Technology; HSU,SHAN-WEI, Chief Legal&Compliance Officer, CDH Investment Advisory Private Limited; WOU,ZI-LIN, Partner, RSM International Ltd. Effective date of the new member is June 29, 2023.
New Risk • Jun 21New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$34.30, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 44% over the past three years.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.10 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$1.10 (up from NT$0.52 in FY 2021). Revenue: NT$2.71b (up 6.3% from FY 2021). Net income: NT$312.0m (up 114% from FY 2021). Profit margin: 12% (up from 5.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.17 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.17 in 3Q 2021). Revenue: NT$660.7m (flat on 3Q 2021). Net income: NT$73.9m (up 54% from 3Q 2021). Profit margin: 11% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.17 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.17 in 3Q 2021). Revenue: NT$660.7m (flat on 3Q 2021). Net income: NT$73.9m (up 54% from 3Q 2021). Profit margin: 11% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$35.25, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 5.9% over the past three years.
Upcoming Dividend • Aug 23Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 04 October 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.38 (vs NT$0.048 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.38 (up from NT$0.048 in 2Q 2021). Revenue: NT$677.9m (up 15% from 2Q 2021). Net income: NT$101.5m (up NT$88.8m from 2Q 2021). Profit margin: 15% (up from 2.1% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% 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 • Aug 12+ 1 more updateFirich Enterprises Co., Ltd. Announces Committee ChangesFirich Enterprises Co., Ltd. announced that the Board of Directors resolved to set up Sustainable Development Committee. Name of the functional committees: Sustainable Development Committee. Name of the previous position holder:NA. Resume of the previous position holder: NA 5.Name of the new position holder: HSU,MING-CHE; CHU,CHENG-FANG; LAI,YIN-FU. Resume of the new position holder: HSU,MING-CHE: Chairman of FEC CHU,CHENG-FANG: Director of FEC LAI,YIN-FU: Chief Finance Officer of FEC. Effective date of the new member is August 11, 2022. The terms of office of Sustainable Development Committee members are the same as the terms of the Board of Directors.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$31.75, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 16% over the past three years.
Reported Earnings • May 14First quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.097 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.30 (up from NT$0.097 loss in 1Q 2021). Revenue: NT$615.2m (up 18% from 1Q 2021). Net income: NT$79.9m (up NT$105.4m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% 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.
お知らせ • May 12Firich Enterprises Co., Ltd. Announces Dividend Distribution for 2021Firich Enterprises Co., Ltd. announced dividend distribution for 2021. Appropriations of earnings in cash dividends to shareholders is TWD 0.2 per share. Total amount of cash dividends to shareholders is TWD 79,542,762.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.18 (vs NT$0.052 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$664.4m (up 11% from 3Q 2020). Net income: NT$47.9m (up NT$61.7m from 3Q 2020). Profit margin: 7.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 15Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 22 September 2021. Payment date: 14 October 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.034 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$589.3m (up 5.7% from 2Q 2020). Net income: NT$12.7m (up NT$21.9m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2021 earnings released: NT$0.10 loss per share (vs NT$0.11 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$522.2m (up 1.1% from 1Q 2020). Net loss: NT$25.6m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% 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.
Reported Earnings • Mar 25Full year 2020 earnings released: NT$0.26 loss per share (vs NT$0.96 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$2.24b (down 28% from FY 2019). Net loss: NT$68.5m (down 126% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 24Is Firich Enterprises (GTSM:8076) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 17These Metrics Don't Make Firich Enterprises (GTSM:8076) Look Too StrongIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
分析記事 • Jan 14Reflecting on Firich Enterprises' (GTSM:8076) Share Price Returns Over The Last Five YearsWhile not a mind-blowing move, it is good to see that the Firich Enterprises Co., Ltd. ( GTSM:8076 ) share price has...
Is New 90 Day High Low • Jan 05New 90-day high: NT$30.00The company is up 15% from its price of NT$26.10 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.
分析記事 • Dec 03Here's Why Firich Enterprises (GTSM:8076) Can Manage Its Debt ResponsiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Nov 19New 90-day high: NT$29.10The company is up 9.0% from its price of NT$26.75 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 6.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.05 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$599.2m (down 27% from 3Q 2019). Net loss: NT$13.8m (down 118% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% 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 30New 90-day low: NT$25.40The company is down 6.0% from its price of NT$27.03 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 Electronic industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Sep 25New 90-day low: NT$25.55The company is down 9.0% from its price of NT$28.06 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.