View ValuationKing Slide Works 将来の成長Future 基準チェック /56King Slide Works利益と収益がそれぞれ年間24.1%と24.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に40.5% 24.9%なると予測されています。主要情報24.1%収益成長率24.85%EPS成長率Tech 収益成長21.8%収益成長率24.8%将来の株主資本利益率40.53%アナリストカバレッジGood最終更新日15 May 2026今後の成長に関する最新情報Major Estimate Revision • May 13Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$24.0b to NT$27.5b. EPS estimate increased from NT$144 to NT$172 per share. Net income forecast to grow 59% next year vs 35% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$4,594 to NT$5,796. Share price rose 17% to NT$5,165 over the past week.Price Target Changed • May 08Price target increased by 12% to NT$5,142Up from NT$4,594, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$5,320. Stock is up 181% over the past year. The company is forecast to post earnings per share of NT$167 for next year compared to NT$103 last year.Price Target Changed • Nov 08Price target increased by 9.2% to NT$4,194Up from NT$3,840, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$4,080. Stock is up 190% over the past year. The company is forecast to post earnings per share of NT$93.38 for next year compared to NT$64.59 last year.Price Target Changed • Oct 08Price target increased by 8.8% to NT$3,643Up from NT$3,348, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$3,575. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$88.22 for next year compared to NT$64.59 last year.Price Target Changed • Aug 07Price target increased by 9.7% to NT$2,618Up from NT$2,387, the current price target is an average from 8 analysts. New target price is 11% below last closing price of NT$2,925. Stock is up 173% over the past year. The company is forecast to post earnings per share of NT$85.76 for next year compared to NT$64.59 last year.Major Estimate Revision • Feb 27Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$15.0b. EPS estimate increased from NT$68.87 to NT$81.36 per share. Net income forecast to grow 26% next year vs 28% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,803 to NT$2,176. Share price rose 6.1% to NT$1,990 over the past week.すべての更新を表示Recent updatesMajor Estimate Revision • May 13Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$24.0b to NT$27.5b. EPS estimate increased from NT$144 to NT$172 per share. Net income forecast to grow 59% next year vs 35% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$4,594 to NT$5,796. Share price rose 17% to NT$5,165 over the past week.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$5,165, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 1,199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$4,195 per share.Buy Or Sell Opportunity • May 09Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 80% to NT$5,320. The fair value is estimated to be NT$4,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.Price Target Changed • May 08Price target increased by 12% to NT$5,142Up from NT$4,594, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$5,320. Stock is up 181% over the past year. The company is forecast to post earnings per share of NT$167 for next year compared to NT$103 last year.Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$36.58 (up from NT$26.35 in 1Q 2025). Revenue: NT$5.45b (up 38% from 1Q 2025). Net income: NT$3.49b (up 39% from 1Q 2025). Profit margin: 64% (in line with 1Q 2025). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 09Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to NT$2,970. The fair value is estimated to be NT$3,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.お知らせ • Feb 25King Slide Works Co., Ltd., Annual General Meeting, Jun 30, 2026King Slide Works Co., Ltd., Annual General Meeting, Jun 30, 2026. Location: no,299, shun an rd., hou hsiang li, lujhu district, kaohsiung city TaiwanReported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$103 (vs NT$64.59 in FY 2024)Full year 2025 results: EPS: NT$103 (up from NT$64.59 in FY 2024). Revenue: NT$17.5b (up 73% from FY 2024). Net income: NT$9.84b (up 60% from FY 2024). Profit margin: 56% (down from 61% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Feb 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to NT$3,065. The fair value is estimated to be NT$3,893, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$3,205, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 752% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,303 per share.New Risk • Nov 14New 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 6.7% 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. This is currently the only risk that has been identified for the company.Price Target Changed • Nov 08Price target increased by 9.2% to NT$4,194Up from NT$3,840, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$4,080. Stock is up 190% over the past year. The company is forecast to post earnings per share of NT$93.38 for next year compared to NT$64.59 last year.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$33.55 (vs NT$12.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$33.55 (up from NT$12.12 in 3Q 2024). Revenue: NT$4.37b (up 70% from 3Q 2024). Net income: NT$3.20b (up 177% from 3Q 2024). Profit margin: 73% (up from 45% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Oct 08Price target increased by 8.8% to NT$3,643Up from NT$3,348, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$3,575. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$88.22 for next year compared to NT$64.59 last year.Buy Or Sell Opportunity • Sep 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to NT$3,310. The fair value is estimated to be NT$2,712, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.Buy Or Sell Opportunity • Sep 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 62% to NT$3,460. The fair value is estimated to be NT$2,819, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 90% in the next 2 years.Upcoming Dividend • Aug 21Upcoming dividend of NT$32.20 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%).Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$6.45 (down from NT$15.28 in 2Q 2024). Revenue: NT$4.23b (up 68% from 2Q 2024). Net income: NT$614.1m (down 58% from 2Q 2024). Profit margin: 14% (down from 58% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 07Price target increased by 9.7% to NT$2,618Up from NT$2,387, the current price target is an average from 8 analysts. New target price is 11% below last closing price of NT$2,925. Stock is up 173% over the past year. The company is forecast to post earnings per share of NT$85.76 for next year compared to NT$64.59 last year.Buy Or Sell Opportunity • Jul 08Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 78% to NT$2,150. The fair value is estimated to be NT$1,787, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.Declared Dividend • Jun 30Dividend increased to NT$32.20Dividend of NT$32.20 is 127% higher than last year. Ex-date: 28th August 2025 Payment date: 30th September 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Jun 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$2,095. The fair value is estimated to be NT$1,732, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.Buy Or Sell Opportunity • Jun 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to NT$2,155. The fair value is estimated to be NT$1,733, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.Buy Or Sell Opportunity • May 16Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to NT$2,010. The fair value is estimated to be NT$1,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.Reported Earnings • May 08First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$26.35 (up from NT$14.55 in 1Q 2024). Revenue: NT$3.95b (up 104% from 1Q 2024). Net income: NT$2.51b (up 81% from 1Q 2024). Profit margin: 64% (down from 72% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 29King Slide Works Co., Ltd. to Report Q1, 2025 Results on May 07, 2025King Slide Works Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025Buy Or Sell Opportunity • Apr 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$1,335. The fair value is estimated to be NT$1,685, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$1,335, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 229% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,685 per share.New Risk • Apr 07New 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 (32% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 11New 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: 1.7% 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: Major Risk High level of non-cash earnings (32% accrual ratio). 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 (7.1% average weekly change).Major Estimate Revision • Feb 27Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$15.0b. EPS estimate increased from NT$68.87 to NT$81.36 per share. Net income forecast to grow 26% next year vs 28% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,803 to NT$2,176. Share price rose 6.1% to NT$1,990 over the past week.Price Target Changed • Feb 24Price target increased by 8.3% to NT$1,952Up from NT$1,803, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$1,925. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$79.98 for next year compared to NT$64.59 last year.New Risk • Feb 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Feb 21King Slide Works Co., Ltd., Annual General Meeting, Jun 27, 2025King Slide Works Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: no,299, shun an rd., hou hsiang li, lujhu district, kaohsiung city Taiwanお知らせ • Feb 12King Slide Works Co., Ltd. to Report Fiscal Year 2024 Results on Feb 20, 2025King Slide Works Co., Ltd. announced that they will report fiscal year 2024 results on Feb 20, 2025Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$1,615, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 280% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,710 per share.Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.5% to NT$1,345. The fair value is estimated to be NT$1,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.Price Target Changed • Nov 09Price target increased by 8.9% to NT$1,634Up from NT$1,500, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$1,405. Stock is up 66% over the past year. The company is forecast to post earnings per share of NT$57.18 for next year compared to NT$28.38 last year.Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$12.12 (up from NT$10.30 in 3Q 2023). Revenue: NT$2.58b (up 81% from 3Q 2023). Net income: NT$1.15b (up 18% from 3Q 2023). Profit margin: 45% (down from 69% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 29King Slide Works Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024King Slide Works Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024Valuation Update With 7 Day Price Move • Oct 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,250, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$958 per share.Buy Or Sell Opportunity • Oct 23Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 6.8% to NT$1,250. The fair value is estimated to be NT$958, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Buy Or Sell Opportunity • Sep 06Now 20% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$1,155. The fair value is estimated to be NT$959, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.Upcoming Dividend • Aug 22Upcoming dividend of NT$14.19 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.1%).Declared Dividend • Aug 08Dividend reduced to NT$14.19Dividend of NT$14.19 is 29% lower than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 07Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$15.29 (up from NT$7.50 in 2Q 2023). Revenue: NT$2.52b (up 92% from 2Q 2023). Net income: NT$1.46b (up 104% from 2Q 2023). Profit margin: 58% (up from 54% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Aug 07Now 23% overvaluedOver the last 90 days, the stock has fallen 15% to NT$1,095. The fair value is estimated to be NT$891, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$959, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.お知らせ • Jul 30King Slide Works Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024King Slide Works Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024Major Estimate Revision • May 14Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$8.79b to NT$9.20b. EPS estimate increased from NT$45.12 to NT$51.74 per share. Net income forecast to grow 37% next year vs 26% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,541 to NT$1,574. Share price was steady at NT$1,255 over the past week.Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$14.55 (up from NT$4.80 in 1Q 2023). Revenue: NT$1.94b (up 67% from 1Q 2023). Net income: NT$1.39b (up 203% from 1Q 2023). Profit margin: 72% (up from 39% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 28King Slide Works Co., Ltd. to Report Q1, 2024 Results on May 07, 2024King Slide Works Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,080, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$878 per share.Price Target Changed • Feb 25Price target increased by 12% to NT$1,232Up from NT$1,104, the current price target is an average from 8 analysts. New target price is 9.1% below last closing price of NT$1,355. Stock is up 225% over the past year. The company is forecast to post earnings per share of NT$41.00 for next year compared to NT$28.38 last year.Reported Earnings • Feb 23Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: NT$28.38 (down from NT$42.56 in FY 2022). Revenue: NT$5.76b (down 26% from FY 2022). Net income: NT$2.70b (down 33% from FY 2022). Profit margin: 47% (down from 52% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 23King Slide Works Co., Ltd., Annual General Meeting, Jun 28, 2024King Slide Works Co., Ltd., Annual General Meeting, Jun 28, 2024. Location: location:No. 299 Shun An Rd., Lu Zhu Dist Kaohsiung Taiwan Agenda: To consider 2023 Annual Operation Report; to consider 2023 Annual Audit Committee Review Report; to consider The distribution of 2023 employee and directors remuneration; and to consider other matters.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,180, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 289% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$716 per share.Price Target Changed • Feb 06Price target increased by 7.4% to NT$1,104Up from NT$1,029, the current price target is an average from 8 analysts. New target price is 9.3% above last closing price of NT$1,010. Stock is up 152% over the past year. The company is forecast to post earnings per share of NT$28.86 for next year compared to NT$42.56 last year.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,075, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$670 per share.お知らせ • Jan 12King Slide Works Co., Ltd. to Establish the Nomination CommitteeKing Slide Works Co., Ltd. announced that the Company Board of Directors has resolved to establish the Nomination Committee and list all appointed members of the first Nomination Committee. Name of the new position holder is Lin Tsung-Chi, Lin Shu-Chen, Cai Wen-Zhi, Wu Yu-Ti, Yang Fu-Hsuan. Resume of the new position holder is Mr. Lin Tsung-Chi: Chairman of King Slide Works Co., Ltd. Mrs. Lin Shu-Chen: Director and President of King Slide Works Co., Ltd. Mr. Cai Wen-Zhi: Independent Director of King Slide Works Co., Ltd. Mrs. Wu Yu-Ti: Independent Director of King Slide Works Co., Ltd. Mrs. Yang Fu-Hsuan: Independent Director of King Slide Works Co., Ltd. Effective date of the new member is January 10, 2024.Reported Earnings • Nov 08Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$10.31 (down from NT$15.56 in 3Q 2022). Revenue: NT$1.42b (down 34% from 3Q 2022). Net income: NT$982.0m (down 34% from 3Q 2022). Profit margin: 69% (in line with 3Q 2022). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$684, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$701 per share.Upcoming Dividend • Aug 22Upcoming dividend of NT$20.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$956, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$831 per share.Price Target Changed • Aug 08Price target increased by 15% to NT$1,006Up from NT$872, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$888. Stock is up 80% over the past year. The company is forecast to post earnings per share of NT$27.83 for next year compared to NT$42.56 last year.Reported Earnings • Aug 06Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$7.50 (down from NT$10.48 in 2Q 2022). Revenue: NT$1.31b (down 32% from 2Q 2022). Net income: NT$714.7m (down 28% from 2Q 2022). Profit margin: 54% (up from 52% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 45% 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 27New 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$800, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$600 per share.New Risk • Jun 27New 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: 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 (6.1% average weekly change).Price Target Changed • Jun 21Price target increased by 19% to NT$580Up from NT$488, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$557. Stock is up 36% over the past year. The company is forecast to post earnings per share of NT$28.78 for next year compared to NT$42.56 last year.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$557, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$369 per share.Major Estimate Revision • May 09Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$7.27b to NT$6.05b. EPS estimate unchanged at NT$28.67 per share. Net income forecast to shrink 33% next year vs 3.1% decline forecast for Tech industry in Taiwan. Consensus price target broadly unchanged at NT$484. Share price was steady at NT$419 over the past week.Major Estimate Revision • Apr 14Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.66b to NT$7.27b. EPS estimate also fell from NT$31.94 per share to NT$28.54 per share. Net income forecast to shrink 33% next year vs 1.2% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$508 to NT$488. Share price rose 7.5% to NT$416 over the past week.Reported Earnings • Feb 25Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$42.56 (up from NT$21.75 in FY 2021). Revenue: NT$7.80b (up 23% from FY 2021). Net income: NT$4.06b (up 96% from FY 2021). Profit margin: 52% (up from 33% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$15.56 (vs NT$6.62 in 3Q 2021)Third quarter 2022 results: EPS: NT$15.56 (up from NT$6.62 in 3Q 2021). Revenue: NT$2.15b (up 22% from 3Q 2021). Net income: NT$1.48b (up 135% from 3Q 2021). Profit margin: 69% (up from 36% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 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 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Nov 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$36.62 to NT$43.96. Revenue forecast steady at NT$7.81b. Net income forecast to grow 18% next year vs 2.6% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$582 to NT$551. Share price rose 5.0% to NT$438 over the past week.Upcoming Dividend • Aug 23Upcoming dividend of NT$10.88 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (7.3%).業績と収益の成長予測TWSE:2059 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202839,43921,98619,76021,472512/31/202733,29619,06017,75418,6371112/31/202627,47416,64414,29715,502113/31/202618,99610,81110,91211,865N/A12/31/202517,5019,83710,40611,334N/A9/30/202515,6508,4808,4568,867N/A6/30/202513,8586,4387,4217,752N/A3/31/202512,1467,2806,3046,683N/A12/31/202410,1296,1564,8325,187N/A9/30/20248,8964,5484,0234,386N/A6/30/20247,7424,3753,2653,698N/A3/31/20246,5393,6342,7243,143N/A12/31/20235,7632,7042,9013,278N/A9/30/20235,8862,8193,5193,963N/A6/30/20236,6143,3203,4924,016N/A3/31/20237,2363,6043,6174,273N/A12/31/20227,7994,0563,1143,938N/A9/30/20227,6284,0151,9392,859N/A6/30/20227,2353,1631,4642,380N/A3/31/20226,7892,5491,3082,073N/A12/31/20216,3422,0737481,518N/A9/30/20215,7891,6936841,427N/A6/30/20215,2291,3587901,453N/A3/31/20214,9171,1409301,506N/A12/31/20204,8011,1651,2231,593N/A9/30/20204,9111,2391,5711,763N/A6/30/20204,9551,3861,5321,663N/A3/31/20204,8801,5711,6871,817N/A12/31/20194,8691,558N/A1,992N/A9/30/20194,6761,727N/A1,920N/A6/30/20194,4831,684N/A1,834N/A3/31/20194,4171,900N/A2,168N/A12/31/20184,4361,776N/A1,837N/A9/30/20184,3681,610N/A1,582N/A6/30/20184,3051,543N/A1,495N/A3/31/20184,1531,120N/A1,091N/A12/31/20174,111909N/A883N/A9/30/20174,2471,277N/A1,313N/A6/30/20174,4011,247N/A1,235N/A3/31/20174,6111,406N/A1,416N/A12/31/20164,4661,572N/A1,702N/A9/30/20164,3451,347N/A1,572N/A6/30/20164,3531,806N/A2,178N/A3/31/20164,3771,803N/A2,105N/A12/31/20154,4981,923N/A2,236N/A9/30/20154,5762,093N/A2,249N/A6/30/20154,4261,769N/A1,930N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2059の予測収益成長率 (年間24.1% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 2059の収益 ( 24.1% ) TW市場 ( 26.1% ) よりも低い成長が予測されています。高成長収益: 2059の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 2059の収益 ( 24.8% ) TW市場 ( 18.6% ) よりも速いペースで成長すると予測されています。高い収益成長: 2059の収益 ( 24.8% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2059の 自己資本利益率 は、3年後には非常に高くなると予測されています ( 40.5 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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 21:58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King Slide Works Co., Ltd. 11 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。14 アナリスト機関Lin-Ya KaoBofA Global ResearchChi-Yuan ChenCapital Securities CorporationSW ChenCLSA Sinopac11 その他のアナリストを表示
Major Estimate Revision • May 13Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$24.0b to NT$27.5b. EPS estimate increased from NT$144 to NT$172 per share. Net income forecast to grow 59% next year vs 35% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$4,594 to NT$5,796. Share price rose 17% to NT$5,165 over the past week.
Price Target Changed • May 08Price target increased by 12% to NT$5,142Up from NT$4,594, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$5,320. Stock is up 181% over the past year. The company is forecast to post earnings per share of NT$167 for next year compared to NT$103 last year.
Price Target Changed • Nov 08Price target increased by 9.2% to NT$4,194Up from NT$3,840, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$4,080. Stock is up 190% over the past year. The company is forecast to post earnings per share of NT$93.38 for next year compared to NT$64.59 last year.
Price Target Changed • Oct 08Price target increased by 8.8% to NT$3,643Up from NT$3,348, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$3,575. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$88.22 for next year compared to NT$64.59 last year.
Price Target Changed • Aug 07Price target increased by 9.7% to NT$2,618Up from NT$2,387, the current price target is an average from 8 analysts. New target price is 11% below last closing price of NT$2,925. Stock is up 173% over the past year. The company is forecast to post earnings per share of NT$85.76 for next year compared to NT$64.59 last year.
Major Estimate Revision • Feb 27Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$15.0b. EPS estimate increased from NT$68.87 to NT$81.36 per share. Net income forecast to grow 26% next year vs 28% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,803 to NT$2,176. Share price rose 6.1% to NT$1,990 over the past week.
Major Estimate Revision • May 13Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$24.0b to NT$27.5b. EPS estimate increased from NT$144 to NT$172 per share. Net income forecast to grow 59% next year vs 35% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$4,594 to NT$5,796. Share price rose 17% to NT$5,165 over the past week.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$5,165, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 1,199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$4,195 per share.
Buy Or Sell Opportunity • May 09Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 80% to NT$5,320. The fair value is estimated to be NT$4,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 82% in the next 2 years.
Price Target Changed • May 08Price target increased by 12% to NT$5,142Up from NT$4,594, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of NT$5,320. Stock is up 181% over the past year. The company is forecast to post earnings per share of NT$167 for next year compared to NT$103 last year.
Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$36.58 (up from NT$26.35 in 1Q 2025). Revenue: NT$5.45b (up 38% from 1Q 2025). Net income: NT$3.49b (up 39% from 1Q 2025). Profit margin: 64% (in line with 1Q 2025). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 09Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to NT$2,970. The fair value is estimated to be NT$3,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.
お知らせ • Feb 25King Slide Works Co., Ltd., Annual General Meeting, Jun 30, 2026King Slide Works Co., Ltd., Annual General Meeting, Jun 30, 2026. Location: no,299, shun an rd., hou hsiang li, lujhu district, kaohsiung city Taiwan
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: NT$103 (vs NT$64.59 in FY 2024)Full year 2025 results: EPS: NT$103 (up from NT$64.59 in FY 2024). Revenue: NT$17.5b (up 73% from FY 2024). Net income: NT$9.84b (up 60% from FY 2024). Profit margin: 56% (down from 61% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Feb 02Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to NT$3,065. The fair value is estimated to be NT$3,893, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$3,205, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 752% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,303 per share.
New Risk • Nov 14New 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 6.7% 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. This is currently the only risk that has been identified for the company.
Price Target Changed • Nov 08Price target increased by 9.2% to NT$4,194Up from NT$3,840, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$4,080. Stock is up 190% over the past year. The company is forecast to post earnings per share of NT$93.38 for next year compared to NT$64.59 last year.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$33.55 (vs NT$12.12 in 3Q 2024)Third quarter 2025 results: EPS: NT$33.55 (up from NT$12.12 in 3Q 2024). Revenue: NT$4.37b (up 70% from 3Q 2024). Net income: NT$3.20b (up 177% from 3Q 2024). Profit margin: 73% (up from 45% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Oct 08Price target increased by 8.8% to NT$3,643Up from NT$3,348, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$3,575. Stock is up 244% over the past year. The company is forecast to post earnings per share of NT$88.22 for next year compared to NT$64.59 last year.
Buy Or Sell Opportunity • Sep 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to NT$3,310. The fair value is estimated to be NT$2,712, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 107% in the next 2 years.
Buy Or Sell Opportunity • Sep 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 62% to NT$3,460. The fair value is estimated to be NT$2,819, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 90% in the next 2 years.
Upcoming Dividend • Aug 21Upcoming dividend of NT$32.20 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%).
Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: NT$6.45 (down from NT$15.28 in 2Q 2024). Revenue: NT$4.23b (up 68% from 2Q 2024). Net income: NT$614.1m (down 58% from 2Q 2024). Profit margin: 14% (down from 58% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 07Price target increased by 9.7% to NT$2,618Up from NT$2,387, the current price target is an average from 8 analysts. New target price is 11% below last closing price of NT$2,925. Stock is up 173% over the past year. The company is forecast to post earnings per share of NT$85.76 for next year compared to NT$64.59 last year.
Buy Or Sell Opportunity • Jul 08Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 78% to NT$2,150. The fair value is estimated to be NT$1,787, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.
Declared Dividend • Jun 30Dividend increased to NT$32.20Dividend of NT$32.20 is 127% higher than last year. Ex-date: 28th August 2025 Payment date: 30th September 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Jun 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$2,095. The fair value is estimated to be NT$1,732, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.
Buy Or Sell Opportunity • Jun 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to NT$2,155. The fair value is estimated to be NT$1,733, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.
Buy Or Sell Opportunity • May 16Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to NT$2,010. The fair value is estimated to be NT$1,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 24% in the next 2 years.
Reported Earnings • May 08First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$26.35 (up from NT$14.55 in 1Q 2024). Revenue: NT$3.95b (up 104% from 1Q 2024). Net income: NT$2.51b (up 81% from 1Q 2024). Profit margin: 64% (down from 72% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 29King Slide Works Co., Ltd. to Report Q1, 2025 Results on May 07, 2025King Slide Works Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
Buy Or Sell Opportunity • Apr 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to NT$1,335. The fair value is estimated to be NT$1,685, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$1,335, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 229% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,685 per share.
New Risk • Apr 07New 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 (32% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 11New 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: 1.7% 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: Major Risk High level of non-cash earnings (32% accrual ratio). 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 (7.1% average weekly change).
Major Estimate Revision • Feb 27Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$15.0b. EPS estimate increased from NT$68.87 to NT$81.36 per share. Net income forecast to grow 26% next year vs 28% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,803 to NT$2,176. Share price rose 6.1% to NT$1,990 over the past week.
Price Target Changed • Feb 24Price target increased by 8.3% to NT$1,952Up from NT$1,803, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$1,925. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$79.98 for next year compared to NT$64.59 last year.
New Risk • Feb 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Feb 21King Slide Works Co., Ltd., Annual General Meeting, Jun 27, 2025King Slide Works Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: no,299, shun an rd., hou hsiang li, lujhu district, kaohsiung city Taiwan
お知らせ • Feb 12King Slide Works Co., Ltd. to Report Fiscal Year 2024 Results on Feb 20, 2025King Slide Works Co., Ltd. announced that they will report fiscal year 2024 results on Feb 20, 2025
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$1,615, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 280% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,710 per share.
Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.5% to NT$1,345. The fair value is estimated to be NT$1,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 52% in the next 2 years.
Price Target Changed • Nov 09Price target increased by 8.9% to NT$1,634Up from NT$1,500, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$1,405. Stock is up 66% over the past year. The company is forecast to post earnings per share of NT$57.18 for next year compared to NT$28.38 last year.
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$12.12 (up from NT$10.30 in 3Q 2023). Revenue: NT$2.58b (up 81% from 3Q 2023). Net income: NT$1.15b (up 18% from 3Q 2023). Profit margin: 45% (down from 69% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 29King Slide Works Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024King Slide Works Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
Valuation Update With 7 Day Price Move • Oct 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,250, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$958 per share.
Buy Or Sell Opportunity • Oct 23Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 6.8% to NT$1,250. The fair value is estimated to be NT$958, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Buy Or Sell Opportunity • Sep 06Now 20% overvaluedOver the last 90 days, the stock has fallen 1.7% to NT$1,155. The fair value is estimated to be NT$959, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 28% in the next 2 years.
Upcoming Dividend • Aug 22Upcoming dividend of NT$14.19 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.1%).
Declared Dividend • Aug 08Dividend reduced to NT$14.19Dividend of NT$14.19 is 29% lower than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 07Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$15.29 (up from NT$7.50 in 2Q 2023). Revenue: NT$2.52b (up 92% from 2Q 2023). Net income: NT$1.46b (up 104% from 2Q 2023). Profit margin: 58% (up from 54% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Aug 07Now 23% overvaluedOver the last 90 days, the stock has fallen 15% to NT$1,095. The fair value is estimated to be NT$891, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$959, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$890 per share.
お知らせ • Jul 30King Slide Works Co., Ltd. to Report Q2, 2024 Results on Aug 06, 2024King Slide Works Co., Ltd. announced that they will report Q2, 2024 results on Aug 06, 2024
Major Estimate Revision • May 14Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$8.79b to NT$9.20b. EPS estimate increased from NT$45.12 to NT$51.74 per share. Net income forecast to grow 37% next year vs 26% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$1,541 to NT$1,574. Share price was steady at NT$1,255 over the past week.
Reported Earnings • May 08First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$14.55 (up from NT$4.80 in 1Q 2023). Revenue: NT$1.94b (up 67% from 1Q 2023). Net income: NT$1.39b (up 203% from 1Q 2023). Profit margin: 72% (up from 39% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 28King Slide Works Co., Ltd. to Report Q1, 2024 Results on May 07, 2024King Slide Works Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,080, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$878 per share.
Price Target Changed • Feb 25Price target increased by 12% to NT$1,232Up from NT$1,104, the current price target is an average from 8 analysts. New target price is 9.1% below last closing price of NT$1,355. Stock is up 225% over the past year. The company is forecast to post earnings per share of NT$41.00 for next year compared to NT$28.38 last year.
Reported Earnings • Feb 23Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: NT$28.38 (down from NT$42.56 in FY 2022). Revenue: NT$5.76b (down 26% from FY 2022). Net income: NT$2.70b (down 33% from FY 2022). Profit margin: 47% (down from 52% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 23King Slide Works Co., Ltd., Annual General Meeting, Jun 28, 2024King Slide Works Co., Ltd., Annual General Meeting, Jun 28, 2024. Location: location:No. 299 Shun An Rd., Lu Zhu Dist Kaohsiung Taiwan Agenda: To consider 2023 Annual Operation Report; to consider 2023 Annual Audit Committee Review Report; to consider The distribution of 2023 employee and directors remuneration; and to consider other matters.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$1,180, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 289% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$716 per share.
Price Target Changed • Feb 06Price target increased by 7.4% to NT$1,104Up from NT$1,029, the current price target is an average from 8 analysts. New target price is 9.3% above last closing price of NT$1,010. Stock is up 152% over the past year. The company is forecast to post earnings per share of NT$28.86 for next year compared to NT$42.56 last year.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,075, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$670 per share.
お知らせ • Jan 12King Slide Works Co., Ltd. to Establish the Nomination CommitteeKing Slide Works Co., Ltd. announced that the Company Board of Directors has resolved to establish the Nomination Committee and list all appointed members of the first Nomination Committee. Name of the new position holder is Lin Tsung-Chi, Lin Shu-Chen, Cai Wen-Zhi, Wu Yu-Ti, Yang Fu-Hsuan. Resume of the new position holder is Mr. Lin Tsung-Chi: Chairman of King Slide Works Co., Ltd. Mrs. Lin Shu-Chen: Director and President of King Slide Works Co., Ltd. Mr. Cai Wen-Zhi: Independent Director of King Slide Works Co., Ltd. Mrs. Wu Yu-Ti: Independent Director of King Slide Works Co., Ltd. Mrs. Yang Fu-Hsuan: Independent Director of King Slide Works Co., Ltd. Effective date of the new member is January 10, 2024.
Reported Earnings • Nov 08Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$10.31 (down from NT$15.56 in 3Q 2022). Revenue: NT$1.42b (down 34% from 3Q 2022). Net income: NT$982.0m (down 34% from 3Q 2022). Profit margin: 69% (in line with 3Q 2022). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$684, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$701 per share.
Upcoming Dividend • Aug 22Upcoming dividend of NT$20.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$956, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$831 per share.
Price Target Changed • Aug 08Price target increased by 15% to NT$1,006Up from NT$872, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$888. Stock is up 80% over the past year. The company is forecast to post earnings per share of NT$27.83 for next year compared to NT$42.56 last year.
Reported Earnings • Aug 06Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$7.50 (down from NT$10.48 in 2Q 2022). Revenue: NT$1.31b (down 32% from 2Q 2022). Net income: NT$714.7m (down 28% from 2Q 2022). Profit margin: 54% (up from 52% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 45% 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 27New 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$800, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$600 per share.
New Risk • Jun 27New 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: 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 (6.1% average weekly change).
Price Target Changed • Jun 21Price target increased by 19% to NT$580Up from NT$488, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$557. Stock is up 36% over the past year. The company is forecast to post earnings per share of NT$28.78 for next year compared to NT$42.56 last year.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$557, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$369 per share.
Major Estimate Revision • May 09Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$7.27b to NT$6.05b. EPS estimate unchanged at NT$28.67 per share. Net income forecast to shrink 33% next year vs 3.1% decline forecast for Tech industry in Taiwan. Consensus price target broadly unchanged at NT$484. Share price was steady at NT$419 over the past week.
Major Estimate Revision • Apr 14Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$7.66b to NT$7.27b. EPS estimate also fell from NT$31.94 per share to NT$28.54 per share. Net income forecast to shrink 33% next year vs 1.2% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$508 to NT$488. Share price rose 7.5% to NT$416 over the past week.
Reported Earnings • Feb 25Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$42.56 (up from NT$21.75 in FY 2021). Revenue: NT$7.80b (up 23% from FY 2021). Net income: NT$4.06b (up 96% from FY 2021). Profit margin: 52% (up from 33% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 07Third quarter 2022 earnings released: EPS: NT$15.56 (vs NT$6.62 in 3Q 2021)Third quarter 2022 results: EPS: NT$15.56 (up from NT$6.62 in 3Q 2021). Revenue: NT$2.15b (up 22% from 3Q 2021). Net income: NT$1.48b (up 135% from 3Q 2021). Profit margin: 69% (up from 36% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 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 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Nov 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$36.62 to NT$43.96. Revenue forecast steady at NT$7.81b. Net income forecast to grow 18% next year vs 2.6% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$582 to NT$551. Share price rose 5.0% to NT$438 over the past week.
Upcoming Dividend • Aug 23Upcoming dividend of NT$10.88 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (7.3%).