View Past PerformanceCompeq Manufacturing バランスシートの健全性財務の健全性 基準チェック /66Compeq Manufacturingの総株主資本はNT$46.9B 、総負債はNT$11.2Bで、負債比率は23.9%となります。総資産と総負債はそれぞれNT$93.5BとNT$46.6Bです。 Compeq Manufacturingの EBIT はNT$8.6Bで、利息カバレッジ比率-77.6です。現金および短期投資はNT$22.4Bです。主要情報23.85%負債資本比率NT$11.18b負債インタレスト・カバレッジ・レシオ-77.6x現金NT$22.35bエクイティNT$46.85b負債合計NT$46.60b総資産NT$93.45b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$200, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 383% over the past three years.お知らせ • Jul 09Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million.Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million. Security Name: Shares Security Type: Common Stock Securities Offered: 3,570,000 Price\Range: TWD 205Upcoming Dividend • May 26Upcoming dividend of NT$2.80 per shareEligible shareholders must have bought the stock before 02 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 76%. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.3%).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$278, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 568% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$127 per share.Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.00. Revenue: NT$19.5b (up 17% from 1Q 2025). Net income: NT$1.50b (up 14% from 1Q 2025). Profit margin: 7.7% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan.Major Estimate Revision • May 08Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$83.5b to NT$90.4b. EPS estimate increased from NT$6.83 to NT$8.04 per share. Net income forecast to grow 46% next year vs 41% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$136 to NT$154. Share price rose 3.7% to NT$254 over the past week.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$214, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 427% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$108 per share.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$263, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 541% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$222, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 464% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share.Reported Earnings • Mar 08Full year 2025 earnings released: EPS: NT$5.51 (vs NT$4.70 in FY 2024)Full year 2025 results: EPS: NT$5.51 (up from NT$4.70 in FY 2024). Revenue: NT$76.0b (up 4.9% from FY 2024). Net income: NT$6.57b (up 17% from FY 2024). Profit margin: 8.6% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings.Declared Dividend • Mar 08Dividend increased to NT$2.80Dividend of NT$2.80 is 17% higher than last year. Ex-date: 2nd June 2026 Payment date: 26th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 06+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 28, 2026Compeq Manufacturing Co., Ltd., Annual General Meeting, May 28, 2026. Location: no,91 ln.814, ta hsin rd., hsin chuang li, lujhu district, taoyuan city TaiwanValuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$226, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 458% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$195 per share.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$177, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 343% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$191 per share.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$111, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$186 per share.Price Target Changed • Jan 05Price target increased by 8.0% to NT$103Up from NT$95.40, the current price target is an average from 4 analysts. New target price is 9.2% above last closing price of NT$94.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$5.34 for next year compared to NT$4.70 last year.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$102, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$169 per share.New Risk • Dec 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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 (6.4% average weekly change).Reported Earnings • Nov 08Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.81 (up from NT$1.51 in 3Q 2024). Revenue: NT$20.0b (flat on 3Q 2024). Net income: NT$2.16b (up 20% from 3Q 2024). Profit margin: 11% (up from 8.9% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$83.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$134 per share.Price Target Changed • Aug 20Price target increased by 7.3% to NT$76.75Up from NT$71.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$73.20. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of NT$5.25 for next year compared to NT$4.70 last year.Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (down from NT$0.97 in 2Q 2024). Revenue: NT$18.2b (up 7.8% from 2Q 2024). Net income: NT$831.3m (down 28% from 2Q 2024). Profit margin: 4.6% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • May 27Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 03 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.4%).お知らせ • May 01Compeq Manufacturing Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$49.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.Reported Earnings • Mar 15Full year 2024 earnings: Revenues in line with analyst expectationsFull year 2024 results: Revenue: NT$72.5b (up 8.0% from FY 2023). Net income: NT$5.60b (up 34% from FY 2023). Profit margin: 7.7% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.Declared Dividend • Mar 08Dividend increased to NT$2.40Dividend of NT$2.40 is 60% higher than last year. Ex-date: 3rd June 2025 Payment date: 27th June 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% 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. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 07+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 29, 2025Compeq Manufacturing Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,91 ln.814, ta hsin rd., hsin chuang li, lujhu district, taoyuan city Taiwanお知らせ • Jan 25Compeq Manufacturing Co., Ltd. Announces the Change of Chief Information Security Officer, Effective February 01, 2025Compeq Manufacturing Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: BOOLEAN CHEN Director of the Information Engingeering Division and Chief information security officer at COMPEQ MANUFACTURING CO., LTD. Name, title, and resume of the new position holder: Dean Liu Director of the Information Engingeering Division at COMPEQ MANUFACTURING CO., LTD. Reason for the change: retirement. Effective date: February 01, 2025.Price Target Changed • Nov 20Price target decreased by 13% to NT$84.67Down from NT$97.33, the current price target is an average from 3 analysts. New target price is 38% above last closing price of NT$61.20. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of NT$4.69 for next year compared to NT$3.50 last year.Reported Earnings • Nov 09Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.51 (up from NT$1.41 in 3Q 2023). Revenue: NT$20.2b (up 3.1% from 3Q 2023). Net income: NT$1.80b (up 7.0% from 3Q 2023). Profit margin: 8.9% (up from 8.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Aug 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$0.97 (up from NT$0.50 in 2Q 2023). Revenue: NT$16.9b (up 22% from 2Q 2023). Net income: NT$1.15b (up 92% from 2Q 2023). Profit margin: 6.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$65.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.お知らせ • Aug 01Compeq Manufacturing Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Compeq Manufacturing Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 08, 2024Price Target Changed • Jul 31Price target increased by 20% to NT$96.00Up from NT$79.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of NT$77.60. Stock is up 74% over the past year. The company is forecast to post earnings per share of NT$5.51 for next year compared to NT$3.50 last year.Buy Or Sell Opportunity • Jul 12Now 21% undervaluedOver the last 90 days, the stock has risen 6.2% to NT$87.00. The fair value is estimated to be NT$110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 33% in the next year.お知らせ • May 31Compeq Manufacturing Co., Ltd. Announces Appointment of Ming Chuan Ko as Independent DirectorCompeq Manufacturing Co., Ltd. in its Annual General Shareholders' Meeting of 2024 elected Ming Chuan Ko as Independent Director. Effective date of appointment is May 30, 2024. Resume of Ming Chuan Ko is Vice President of First Bank, Independent Director of COMPEQ Manufacturing Co., Ltd. and Managing Director of Mega International Commercial Bank Co., Ltd. Reason for the change: To elect one additional Independent Director.Upcoming Dividend • May 27Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.9%).Reported Earnings • May 12First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$0.83 (up from NT$0.30 in 1Q 2023). Revenue: NT$15.6b (up 15% from 1Q 2023). Net income: NT$992.9m (up 178% from 1Q 2023). Profit margin: 6.4% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 03Compeq Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024New Risk • Mar 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). Profit margins are more than 30% lower than last year (6.2% net profit margin).Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 13% to NT$81.00. The fair value is estimated to be NT$103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.6%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 88% in the next 2 years.Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$3.50 (down from NT$6.71 in FY 2022). Revenue: NT$67.1b (down 12% from FY 2022). Net income: NT$4.17b (down 48% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 08+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 30, 2024Compeq Manufacturing Co., Ltd., Annual General Meeting, May 30, 2024. Location: No. 91, Ln. 814, Daxin Rd., Shin-juang Vil Luzhu Dist., Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee’s review report; to consider report on the 2023 Employee Compensation Distributions; to consider report on the distribution of 2023 earnings; to consider the Status of Endorsement and Guarantee; and to consider other matters (if any).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$74.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$121 per share.Price Target Changed • Nov 27Price target increased by 18% to NT$63.75Up from NT$54.00, the current price target is an average from 4 analysts. New target price is 8.5% below last closing price of NT$69.70. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$3.70 for next year compared to NT$6.71 last year.New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% 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 (5.4% average weekly change).Price Target Changed • Sep 19Price target increased by 10% to NT$54.00Up from NT$49.00, the current price target is an average from 4 analysts. New target price is 5.1% below last closing price of NT$56.90. Stock is up 17% over the past year. The company is forecast to post earnings per share of NT$3.42 for next year compared to NT$6.71 last year.Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$57.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$87.59 per share.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: NT$0.50 (down from NT$1.21 in 2Q 2022). Revenue: NT$13.9b (down 15% from 2Q 2022). Net income: NT$599.9m (down 58% from 2Q 2022). Profit margin: 4.3% (down from 8.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buying Opportunity • Aug 10Now 21% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be NT$56.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 9.4% in the next 2 years.お知らせ • Jun 17+ 1 more updateCompeq Manufacturing Co., Ltd. Announces Board ChangesCompeq Manufacturing Co., Ltd. announced the appointment of Chang-Zhi Investment Co., Ltd. Representative: Victor Lu as Director and Y. C. Huang as Independent Director. The company also announced the resignation of Chang-Zhi Investment Co., Ltd. Representative: Andrew Chen as Director and Tung Chun Huang as Independent Director. Chang-Zhi Investment Co., Ltd. Representative: Victor Lu Executive Vice President of COMPEQ Manufacturing Co., Ltd. Y.C. Huang Supervisor of TEAMCO INDUSTRIES CORPORATION. Chang-Zhi Investment Co., Ltd. Representative: Andrew Chen Executive Vice President of COMPEQ Manufacturing Co., Ltd. Changes are effective from June 15, 2023.お知らせ • Jun 16Compeq Manufacturing Company Limited Announces Remuneration Committee ChangesCompeq Manufacturing Company Limited announced the appointment of Y.C. Huang, Independent Director as Member of Remuneration Committee in place of Tung Chun Huang, Independent Director. Changes are effective from June 15, 2023.Major Estimate Revision • Jun 12Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.36 to NT$3.91 per share. Revenue forecast steady at NT$67.7b. Net income forecast to shrink 22% next year vs 7.1% decline forecast for Electronic industry in Taiwan. Consensus price target reaffirmed at NT$46.33. Share price was steady at NT$43.80 over the past week.Major Estimate Revision • May 19Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.96 to NT$4.36 per share. Revenue forecast steady at NT$68.1b. Net income forecast to shrink 35% next year vs 12% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$46.33. Share price rose 3.4% to NT$43.50 over the past week.Price Target Changed • Apr 25Price target decreased by 17% to NT$47.00Down from NT$56.50, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$41.55. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$4.96 for next year compared to NT$6.71 last year.Upcoming Dividend • Apr 06Upcoming dividend of NT$2.70 per share at 5.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.5%).Reported Earnings • Mar 18Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$6.71 (up from NT$4.31 in FY 2021). Revenue: NT$76.4b (up 21% from FY 2021). Net income: NT$8.00b (up 56% from FY 2021). Profit margin: 11% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year.お知らせ • Nov 26Compeq Manufacturing Co., Ltd. Announces Dimissal the Company's List of Director/SupervisorCompeq Manufacturing Co., Ltd. announced dimissal the Company's list of Director/Supervisor. Date of occurrence of the change: November 24, 2022.Elected or changed position: Director/Supervisor. Title and name of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡FDirector/YU, KUO-HUA¡F Supervisor/LU,FAN. Resume of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡F Director/YU, KUO-HUA¡F Supervisor/LU,FAN. Title and name of the new position holder: None. Resume of the new position holder: None. Circumstances of change: dismissal.お知らせ • Nov 25Compeq Manufacturing Co., Ltd. Announces Dismissal of Lin, Chih-Chiu as Principal Financial OfficerCompeq Manufacturing Co., Ltd. announced dismissal of Lin, Chih-Chiu as Principal financial officer, Effective after registration.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic 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 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. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. 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: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Nov 11Compeq Manufacturing Co., Ltd. Announces Change to the Principal Accounting OfficerCompeq Manufacturing Co., Ltd. announced that Chiung Yin Fang, Specialist, Finance Department replaced Y.M Wu, Accounting Manager as principal accounting officer, effective from November 10, 2022.Reported Earnings • Aug 08Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.21 (up from NT$0.52 in 2Q 2021). Revenue: NT$16.3b (up 32% from 2Q 2021). Net income: NT$1.44b (up 134% from 2Q 2021). Profit margin: 8.8% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 5.9%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$49.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$38.00 per share.Price Target Changed • May 24Price target increased to NT$53.75Up from NT$49.68, the current price target is an average from 4 analysts. New target price is 12% above last closing price of NT$47.95. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$5.46 for next year compared to NT$4.31 last year.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$49.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years.Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$1.58 (up from NT$0.78 in 1Q 2021). Revenue: NT$17.5b (up 31% from 1Q 2021). Net income: NT$1.89b (up 102% from 1Q 2021). Profit margin: 11% (up from 6.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year.お知らせ • May 13+ 1 more updateCompeq Manufacturing Co., Ltd. Announces Board ChangesCompeq Manufacturing Co., Ltd. announced that the change of chairman of board. Resume of the previous position holder: Chairman of COMPEQ Manufacturing Co., Ltd. Chairman of Chang-Zhi Investment Co., Ltd. Name of the new position holder: P.K. Chiang. Resume of the new position holder: CEO and President of COMPEQ Manufacturing Co., Ltd. Chairman of Huaton Holdings Limited Chairman of Compeq Manufacturing (Huizhou) Co., Ltd. Chairman of Compeq Manufacturing (Chongging) Co., Ltd. Director of Compeq Technology (Huizhou) Co., Ltd. Director of Hong Kong Huaton Holdings Trading Company Limited.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. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Mar 31Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%).Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$4.40 to NT$5.25. Revenue forecast steady at NT$69.1b. Net income forecast to grow 21% next year vs 14% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$49.48. Share price rose 12% to NT$48.35 over the past week.Reported Earnings • Mar 16Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$4.31 (up from NT$3.91 in FY 2020). Revenue: NT$63.1b (up 4.2% from FY 2020). Net income: NT$5.14b (up 10% from FY 2020). Profit margin: 8.2% (up from 7.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 9.0%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$1.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$17.6b (up 4.0% from 3Q 2020). Net income: NT$1.57b (up 8.8% from 3Q 2020). Profit margin: 8.9% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Oct 19Price target decreased to NT$44.68Down from NT$49.20, the current price target is an average from 5 analysts. New target price is 18% above last closing price of NT$37.85. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$3.69 for next year compared to NT$3.91 last year.財務状況分析短期負債: 2313の 短期資産 ( NT$52.7B ) が 短期負債 ( NT$33.7B ) を超えています。長期負債: 2313の短期資産 ( NT$52.7B ) が 長期負債 ( NT$12.9B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 2313総負債よりも多くの現金を保有しています。負債の削減: 2313の負債対資本比率は、過去 5 年間で48.9%から23.9%に減少しました。債務返済能力: 2313の負債は 営業キャッシュフロー によって 十分にカバー されています ( 97.8% )。インタレストカバレッジ: 2313支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/28 20:39終値2026/07/28 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Compeq Manufacturing Co., Ltd. 4 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。6 アナリスト機関Yijun TuCapital Securities CorporationYouxi LinKGI Securities Co. Ltd.Bonny WengMaybank Research Pte. Ltd.3 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$200, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 383% over the past three years.
お知らせ • Jul 09Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million.Compeq Manufacturing Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 731.85 million. Security Name: Shares Security Type: Common Stock Securities Offered: 3,570,000 Price\Range: TWD 205
Upcoming Dividend • May 26Upcoming dividend of NT$2.80 per shareEligible shareholders must have bought the stock before 02 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 76%. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (1.3%).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$278, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 568% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$127 per share.
Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.00. Revenue: NT$19.5b (up 17% from 1Q 2025). Net income: NT$1.50b (up 14% from 1Q 2025). Profit margin: 7.7% (down from 7.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan.
Major Estimate Revision • May 08Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$83.5b to NT$90.4b. EPS estimate increased from NT$6.83 to NT$8.04 per share. Net income forecast to grow 46% next year vs 41% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$136 to NT$154. Share price rose 3.7% to NT$254 over the past week.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$214, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 427% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$108 per share.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$263, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 541% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$222, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 464% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$111 per share.
Reported Earnings • Mar 08Full year 2025 earnings released: EPS: NT$5.51 (vs NT$4.70 in FY 2024)Full year 2025 results: EPS: NT$5.51 (up from NT$4.70 in FY 2024). Revenue: NT$76.0b (up 4.9% from FY 2024). Net income: NT$6.57b (up 17% from FY 2024). Profit margin: 8.6% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 08Dividend increased to NT$2.80Dividend of NT$2.80 is 17% higher than last year. Ex-date: 2nd June 2026 Payment date: 26th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 06+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 28, 2026Compeq Manufacturing Co., Ltd., Annual General Meeting, May 28, 2026. Location: no,91 ln.814, ta hsin rd., hsin chuang li, lujhu district, taoyuan city Taiwan
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$226, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 458% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$195 per share.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$177, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 343% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$191 per share.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$111, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$186 per share.
Price Target Changed • Jan 05Price target increased by 8.0% to NT$103Up from NT$95.40, the current price target is an average from 4 analysts. New target price is 9.2% above last closing price of NT$94.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of NT$5.34 for next year compared to NT$4.70 last year.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$102, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$169 per share.
New Risk • Dec 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% 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 (6.4% average weekly change).
Reported Earnings • Nov 08Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.81 (up from NT$1.51 in 3Q 2024). Revenue: NT$20.0b (flat on 3Q 2024). Net income: NT$2.16b (up 20% from 3Q 2024). Profit margin: 11% (up from 8.9% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$83.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$134 per share.
Price Target Changed • Aug 20Price target increased by 7.3% to NT$76.75Up from NT$71.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$73.20. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of NT$5.25 for next year compared to NT$4.70 last year.
Reported Earnings • Aug 09Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (down from NT$0.97 in 2Q 2024). Revenue: NT$18.2b (up 7.8% from 2Q 2024). Net income: NT$831.3m (down 28% from 2Q 2024). Profit margin: 4.6% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 27Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 03 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.4%).
お知らせ • May 01Compeq Manufacturing Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$49.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.
Reported Earnings • Mar 15Full year 2024 earnings: Revenues in line with analyst expectationsFull year 2024 results: Revenue: NT$72.5b (up 8.0% from FY 2023). Net income: NT$5.60b (up 34% from FY 2023). Profit margin: 7.7% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.
Declared Dividend • Mar 08Dividend increased to NT$2.40Dividend of NT$2.40 is 60% higher than last year. Ex-date: 3rd June 2025 Payment date: 27th June 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% 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. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 07+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 29, 2025Compeq Manufacturing Co., Ltd., Annual General Meeting, May 29, 2025. Location: no,91 ln.814, ta hsin rd., hsin chuang li, lujhu district, taoyuan city Taiwan
お知らせ • Jan 25Compeq Manufacturing Co., Ltd. Announces the Change of Chief Information Security Officer, Effective February 01, 2025Compeq Manufacturing Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: BOOLEAN CHEN Director of the Information Engingeering Division and Chief information security officer at COMPEQ MANUFACTURING CO., LTD. Name, title, and resume of the new position holder: Dean Liu Director of the Information Engingeering Division at COMPEQ MANUFACTURING CO., LTD. Reason for the change: retirement. Effective date: February 01, 2025.
Price Target Changed • Nov 20Price target decreased by 13% to NT$84.67Down from NT$97.33, the current price target is an average from 3 analysts. New target price is 38% above last closing price of NT$61.20. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of NT$4.69 for next year compared to NT$3.50 last year.
Reported Earnings • Nov 09Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.51 (up from NT$1.41 in 3Q 2023). Revenue: NT$20.2b (up 3.1% from 3Q 2023). Net income: NT$1.80b (up 7.0% from 3Q 2023). Profit margin: 8.9% (up from 8.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$0.97 (up from NT$0.50 in 2Q 2023). Revenue: NT$16.9b (up 22% from 2Q 2023). Net income: NT$1.15b (up 92% from 2Q 2023). Profit margin: 6.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$65.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 78% over the past three years.
お知らせ • Aug 01Compeq Manufacturing Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Compeq Manufacturing Co., Ltd. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Aug 08, 2024
Price Target Changed • Jul 31Price target increased by 20% to NT$96.00Up from NT$79.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of NT$77.60. Stock is up 74% over the past year. The company is forecast to post earnings per share of NT$5.51 for next year compared to NT$3.50 last year.
Buy Or Sell Opportunity • Jul 12Now 21% undervaluedOver the last 90 days, the stock has risen 6.2% to NT$87.00. The fair value is estimated to be NT$110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 33% in the next year.
お知らせ • May 31Compeq Manufacturing Co., Ltd. Announces Appointment of Ming Chuan Ko as Independent DirectorCompeq Manufacturing Co., Ltd. in its Annual General Shareholders' Meeting of 2024 elected Ming Chuan Ko as Independent Director. Effective date of appointment is May 30, 2024. Resume of Ming Chuan Ko is Vice President of First Bank, Independent Director of COMPEQ Manufacturing Co., Ltd. and Managing Director of Mega International Commercial Bank Co., Ltd. Reason for the change: To elect one additional Independent Director.
Upcoming Dividend • May 27Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.9%).
Reported Earnings • May 12First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$0.83 (up from NT$0.30 in 1Q 2023). Revenue: NT$15.6b (up 15% from 1Q 2023). Net income: NT$992.9m (up 178% from 1Q 2023). Profit margin: 6.4% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 03Compeq Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Compeq Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024
New Risk • Mar 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). Profit margins are more than 30% lower than last year (6.2% net profit margin).
Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 13% to NT$81.00. The fair value is estimated to be NT$103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.6%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 88% in the next 2 years.
Reported Earnings • Mar 13Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$3.50 (down from NT$6.71 in FY 2022). Revenue: NT$67.1b (down 12% from FY 2022). Net income: NT$4.17b (down 48% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 08+ 1 more updateCompeq Manufacturing Co., Ltd., Annual General Meeting, May 30, 2024Compeq Manufacturing Co., Ltd., Annual General Meeting, May 30, 2024. Location: No. 91, Ln. 814, Daxin Rd., Shin-juang Vil Luzhu Dist., Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee’s review report; to consider report on the 2023 Employee Compensation Distributions; to consider report on the distribution of 2023 earnings; to consider the Status of Endorsement and Guarantee; and to consider other matters (if any).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$74.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$121 per share.
Price Target Changed • Nov 27Price target increased by 18% to NT$63.75Up from NT$54.00, the current price target is an average from 4 analysts. New target price is 8.5% below last closing price of NT$69.70. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$3.70 for next year compared to NT$6.71 last year.
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% 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 (5.4% average weekly change).
Price Target Changed • Sep 19Price target increased by 10% to NT$54.00Up from NT$49.00, the current price target is an average from 4 analysts. New target price is 5.1% below last closing price of NT$56.90. Stock is up 17% over the past year. The company is forecast to post earnings per share of NT$3.42 for next year compared to NT$6.71 last year.
Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$57.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$87.59 per share.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: NT$0.50 (down from NT$1.21 in 2Q 2022). Revenue: NT$13.9b (down 15% from 2Q 2022). Net income: NT$599.9m (down 58% from 2Q 2022). Profit margin: 4.3% (down from 8.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buying Opportunity • Aug 10Now 21% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be NT$56.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 9.4% in the next 2 years.
お知らせ • Jun 17+ 1 more updateCompeq Manufacturing Co., Ltd. Announces Board ChangesCompeq Manufacturing Co., Ltd. announced the appointment of Chang-Zhi Investment Co., Ltd. Representative: Victor Lu as Director and Y. C. Huang as Independent Director. The company also announced the resignation of Chang-Zhi Investment Co., Ltd. Representative: Andrew Chen as Director and Tung Chun Huang as Independent Director. Chang-Zhi Investment Co., Ltd. Representative: Victor Lu Executive Vice President of COMPEQ Manufacturing Co., Ltd. Y.C. Huang Supervisor of TEAMCO INDUSTRIES CORPORATION. Chang-Zhi Investment Co., Ltd. Representative: Andrew Chen Executive Vice President of COMPEQ Manufacturing Co., Ltd. Changes are effective from June 15, 2023.
お知らせ • Jun 16Compeq Manufacturing Company Limited Announces Remuneration Committee ChangesCompeq Manufacturing Company Limited announced the appointment of Y.C. Huang, Independent Director as Member of Remuneration Committee in place of Tung Chun Huang, Independent Director. Changes are effective from June 15, 2023.
Major Estimate Revision • Jun 12Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.36 to NT$3.91 per share. Revenue forecast steady at NT$67.7b. Net income forecast to shrink 22% next year vs 7.1% decline forecast for Electronic industry in Taiwan. Consensus price target reaffirmed at NT$46.33. Share price was steady at NT$43.80 over the past week.
Major Estimate Revision • May 19Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$4.96 to NT$4.36 per share. Revenue forecast steady at NT$68.1b. Net income forecast to shrink 35% next year vs 12% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$46.33. Share price rose 3.4% to NT$43.50 over the past week.
Price Target Changed • Apr 25Price target decreased by 17% to NT$47.00Down from NT$56.50, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$41.55. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$4.96 for next year compared to NT$6.71 last year.
Upcoming Dividend • Apr 06Upcoming dividend of NT$2.70 per share at 5.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.5%).
Reported Earnings • Mar 18Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: NT$6.71 (up from NT$4.31 in FY 2021). Revenue: NT$76.4b (up 21% from FY 2021). Net income: NT$8.00b (up 56% from FY 2021). Profit margin: 11% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year.
お知らせ • Nov 26Compeq Manufacturing Co., Ltd. Announces Dimissal the Company's List of Director/SupervisorCompeq Manufacturing Co., Ltd. announced dimissal the Company's list of Director/Supervisor. Date of occurrence of the change: November 24, 2022.Elected or changed position: Director/Supervisor. Title and name of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡FDirector/YU, KUO-HUA¡F Supervisor/LU,FAN. Resume of the previous position holder: Chairperson /Wu, PO-I ¡F Director/CHIANG, PEI-KUN¡F Director/YU, KUO-HUA¡F Supervisor/LU,FAN. Title and name of the new position holder: None. Resume of the new position holder: None. Circumstances of change: dismissal.
お知らせ • Nov 25Compeq Manufacturing Co., Ltd. Announces Dismissal of Lin, Chih-Chiu as Principal Financial OfficerCompeq Manufacturing Co., Ltd. announced dismissal of Lin, Chih-Chiu as Principal financial officer, Effective after registration.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic 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 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. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. 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: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$2.11 (up from NT$1.31 in 3Q 2021). Revenue: NT$21.7b (up 24% from 3Q 2021). Net income: NT$2.51b (up 61% from 3Q 2021). Profit margin: 12% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic 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 fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Nov 11Compeq Manufacturing Co., Ltd. Announces Change to the Principal Accounting OfficerCompeq Manufacturing Co., Ltd. announced that Chiung Yin Fang, Specialist, Finance Department replaced Y.M Wu, Accounting Manager as principal accounting officer, effective from November 10, 2022.
Reported Earnings • Aug 08Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: NT$1.21 (up from NT$0.52 in 2Q 2021). Revenue: NT$16.3b (up 32% from 2Q 2021). Net income: NT$1.44b (up 134% from 2Q 2021). Profit margin: 8.8% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 5.9%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$49.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$38.00 per share.
Price Target Changed • May 24Price target increased to NT$53.75Up from NT$49.68, the current price target is an average from 4 analysts. New target price is 12% above last closing price of NT$47.95. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$5.46 for next year compared to NT$4.31 last year.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$49.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years.
Reported Earnings • May 14First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$1.58 (up from NT$0.78 in 1Q 2021). Revenue: NT$17.5b (up 31% from 1Q 2021). Net income: NT$1.89b (up 102% from 1Q 2021). Profit margin: 11% (up from 6.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year.
お知らせ • May 13+ 1 more updateCompeq Manufacturing Co., Ltd. Announces Board ChangesCompeq Manufacturing Co., Ltd. announced that the change of chairman of board. Resume of the previous position holder: Chairman of COMPEQ Manufacturing Co., Ltd. Chairman of Chang-Zhi Investment Co., Ltd. Name of the new position holder: P.K. Chiang. Resume of the new position holder: CEO and President of COMPEQ Manufacturing Co., Ltd. Chairman of Huaton Holdings Limited Chairman of Compeq Manufacturing (Huizhou) Co., Ltd. Chairman of Compeq Manufacturing (Chongging) Co., Ltd. Director of Compeq Technology (Huizhou) Co., Ltd. Director of Hong Kong Huaton Holdings Trading Company Limited.
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. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzu Kuan Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Mar 31Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.7%).
Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$4.40 to NT$5.25. Revenue forecast steady at NT$69.1b. Net income forecast to grow 21% next year vs 14% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$49.48. Share price rose 12% to NT$48.35 over the past week.
Reported Earnings • Mar 16Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$4.31 (up from NT$3.91 in FY 2020). Revenue: NT$63.1b (up 4.2% from FY 2020). Net income: NT$5.14b (up 10% from FY 2020). Profit margin: 8.2% (up from 7.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 9.0%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$1.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$17.6b (up 4.0% from 3Q 2020). Net income: NT$1.57b (up 8.8% from 3Q 2020). Profit margin: 8.9% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Oct 19Price target decreased to NT$44.68Down from NT$49.20, the current price target is an average from 5 analysts. New target price is 18% above last closing price of NT$37.85. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$3.69 for next year compared to NT$3.91 last year.