CMC Magnetics（2323）株式概要CMC Magnetics Corporationは、台湾、アメリカ大陸、日本、中国本土、その他のアジア地域、ヨーロッパ、および国際的なコンシューマー・エレクトロニクス製品の製造、販売、流通を行っています。 詳細2323 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性3/6配当金2/6報酬株価収益率（ 6.7 x） TW市場（ 22.6 x）を下回っています。今年は黒字化を達成 リスク分析高いレベルの非現金収入 1.9%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る2323 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$10.5585.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-3b13b2016201920222025202620282031Revenue NT$5.5bEarnings NT$1.3bAdvancedSet Fair ValueView all narrativesCMC Magnetics Corporation 競合他社AxiomtekSymbol: TPEX:3088Market cap: NT$13.5bIEI IntegrationSymbol: TWSE:3022Market cap: NT$13.0bInfortrend TechnologySymbol: TWSE:2495Market cap: NT$10.1bNEXCOM InternationalSymbol: TPEX:8234Market cap: NT$10.0b価格と性能株価の高値、安値、推移の概要CMC Magnetics過去の株価現在の株価NT$10.5552週高値NT$13.1052週安値NT$7.63ベータ0.471ヶ月の変化-2.77%3ヶ月変化5.92%1年変化31.38%3年間の変化36.30%5年間の変化-0.23%IPOからの変化-27.20%最新ニュースNew Risk • Mar 23New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$11.95, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.58 (vs NT$0.27 loss in FY 2024)Full year 2025 results: EPS: NT$1.58 (up from NT$0.27 loss in FY 2024). Revenue: NT$7.18b (down 3.4% from FY 2024). Net income: NT$1.73b (up NT$2.02b from FY 2024). Profit margin: 24% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Mar 13CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026. Location: 1 floor no,350, sung chiang rd., taipei city TaiwanReported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$0.83 (vs NT$0.66 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.83 (up from NT$0.66 loss in 3Q 2024). Revenue: NT$1.86b (down 2.5% from 3Q 2024). Net income: NT$905.7m (up NT$1.63b from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 03 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).最新情報をもっと見るRecent updatesNew Risk • Mar 23New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$11.95, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.58 (vs NT$0.27 loss in FY 2024)Full year 2025 results: EPS: NT$1.58 (up from NT$0.27 loss in FY 2024). Revenue: NT$7.18b (down 3.4% from FY 2024). Net income: NT$1.73b (up NT$2.02b from FY 2024). Profit margin: 24% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Mar 13CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026. Location: 1 floor no,350, sung chiang rd., taipei city TaiwanReported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$0.83 (vs NT$0.66 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.83 (up from NT$0.66 loss in 3Q 2024). Revenue: NT$1.86b (down 2.5% from 3Q 2024). Net income: NT$905.7m (up NT$1.63b from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 03 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).New Risk • Aug 15New major risk - Revenue and earnings growthEarnings have declined by 4.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 4.1% per year over the past 5 years.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.55 (vs NT$1.29 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.55 (down from NT$1.29 in 2Q 2024). Revenue: NT$1.62b (down 8.3% from 2Q 2024). Net income: NT$597.1m (down 57% from 2Q 2024). Profit margin: 37% (down from 79% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 15First quarter 2025 earnings released: NT$1.01 loss per share (vs NT$0.25 loss in 1Q 2024)First quarter 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.25 loss in 1Q 2024). Revenue: NT$1.79b (down 2.7% from 1Q 2024). Net loss: NT$1.10b (loss widened 306% from 1Q 2024). 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 5% per year, which means it is significantly lagging earnings.お知らせ • May 06CMC Magnetics Corporation to Report Q1, 2025 Results on May 13, 2025CMC Magnetics Corporation announced that they will report Q1, 2025 results on May 13, 2025New Risk • Mar 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.27 loss per share (vs NT$1.61 profit in FY 2023)Full year 2024 results: NT$0.27 loss per share (down from NT$1.61 profit in FY 2023). Revenue: NT$7.44b (flat on FY 2023). Net loss: NT$290.1m (down 117% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Mar 14CMC Magnetics Corporation, Annual General Meeting, Jun 10, 2025CMC Magnetics Corporation, Annual General Meeting, Jun 10, 2025. Location: 1 floor no,350, sung chiang rd., taipei city Taiwanお知らせ • Mar 06CMC Magnetics Corporation to Report Fiscal Year 2024 Results on Mar 13, 2025CMC Magnetics Corporation announced that they will report fiscal year 2024 results on Mar 13, 2025分析記事 • Nov 22Shareholders Shouldn’t Be Too Comfortable With CMC Magnetics' (TWSE:2323) Strong EarningsDespite posting strong earnings, CMC Magnetics Corporation's ( TWSE:2323 ) stock didn't move much over the last week...Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.66 loss per share (vs NT$0.97 loss in 3Q 2023)Third quarter 2024 results: NT$0.66 loss per share (improved from NT$0.97 loss in 3Q 2023). Revenue: NT$1.91b (down 3.1% from 3Q 2023). Net loss: NT$719.9m (loss narrowed 32% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 05CMC Magnetics Corporation to Report Q3, 2024 Results on Nov 12, 2024CMC Magnetics Corporation announced that they will report Q3, 2024 results on Nov 12, 2024Upcoming Dividend • Aug 28Upcoming dividend of NT$0.68 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 04 October 2024. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.1%).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.28 (vs NT$1.27 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.28 (up from NT$1.27 in 2Q 2023). Revenue: NT$1.76b (flat on 2Q 2023). Net income: NT$1.40b (up 1.0% from 2Q 2023). Profit margin: 79% (up from 78% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$13.55, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to NT$13.55. The fair value is estimated to be NT$11.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • Aug 06CMC Magnetics Corporation to Report Q2, 2024 Results on Aug 13, 2024CMC Magnetics Corporation announced that they will report Q2, 2024 results on Aug 13, 2024Reported Earnings • May 18First quarter 2024 earnings released: NT$0.25 loss per share (vs NT$0.62 profit in 1Q 2023)First quarter 2024 results: NT$0.25 loss per share (down from NT$0.62 profit in 1Q 2023). Revenue: NT$1.84b (up 6.2% from 1Q 2023). Net loss: NT$269.5m (down 140% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • May 08CMC Magnetics Corporation to Report Q1, 2024 Results on May 14, 2024CMC Magnetics Corporation announced that they will report Q1, 2024 results on May 14, 2024分析記事 • Apr 29Health Check: How Prudently Does CMC Magnetics (TWSE:2323) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Mar 24CMC Magnetics' (TWSE:2323) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from CMC Magnetics Corporation ( TWSE:2323 ), the market responded by bidding up...New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 682% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$1.61 (vs NT$0.95 loss in FY 2022)Full year 2023 results: EPS: NT$1.61 (up from NT$0.95 loss in FY 2022). Revenue: NT$7.38b (down 4.0% from FY 2022). Net income: NT$1.75b (up NT$2.83b from FY 2022). Profit margin: 24% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 19Getting In Cheap On CMC Magnetics Corporation (TWSE:2323) Is UnlikelyThere wouldn't be many who think CMC Magnetics Corporation's ( TWSE:2323 ) price-to-sales (or "P/S") ratio of 1.8x is...お知らせ • Mar 15CMC Magnetics Corporation, Annual General Meeting, Jun 14, 2024CMC Magnetics Corporation, Annual General Meeting, Jun 14, 2024. Location: Importers and Exporters Association of Taipei(1F,No.350, Songjiang Rd Taipei Taiwan Agenda: To consider the operational report of 2023; to consider Supervisors review the financial statements of 2023; to consider Report of Remuneration of Directors and Employees; to consider proposal for the operational report and the financial statements of 2023; to consider proposal for 2023 Deficit Compensation; and to consider other matters.お知らせ • Jan 27CMC Magnetics Corporation Appoints Wong Ming Sen as Chief Strategy OfficerCMC Magnetics Corporation announced the appointment of Wong Ming Sen as Chief Strategy Officer, effective January 26, 2024. Wong Ming Sen is Chairman of the company.New Risk • Dec 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 122% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.New Risk • Sep 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.4% increase in shares outstanding).New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 840% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$1.27 (vs NT$0.51 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.27 (up from NT$0.51 loss in 2Q 2022). Revenue: NT$1.77b (down 5.4% from 2Q 2022). Net income: NT$1.39b (up NT$1.94b from 2Q 2022). Profit margin: 78% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 12CMC Magnetics Corporation Announces Change of Accounting Officer, Effective on August 21, 2023CMC Magnetics Corporation announced that the change of accounting officer. Name, title, and resume of the previous position holder: Cheng Kai-Ling, Acconting Manager. Name, title, and resume of the new position holder: Lee Yung-Chih, Acconting Manager, Senior Manager Accounting of Medtecs (Taiwan) Corporation. The effective date is August 21, 2023.Reported Earnings • Mar 18Full year 2022 earnings released: NT$0.95 loss per share (vs NT$0.15 profit in FY 2021)Full year 2022 results: NT$0.95 loss per share (down from NT$0.15 profit in FY 2021). Revenue: NT$7.69b (down 12% from FY 2021). Net loss: NT$1.08b (down NT$1.24b from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ming-Yen Lee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 12CMC Magnetics Corporation Appoints Huang, Po-Chiao as Chief Information Security OfficerCMC Magnetics Corporation announced appointment of Huang, Po-Chiao /Information Department of Deputy Manager as Chief information security officer. Effective Date is November 11, 2022.Upcoming Dividend • Oct 07Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 14 October 2022. Payment date: 28 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (7.6%).Reported Earnings • Aug 17Second quarter 2022 earnings released: NT$0.48 loss per share (vs NT$0.25 loss in 2Q 2021)Second quarter 2022 results: NT$0.48 loss per share (down from NT$0.25 loss in 2Q 2021). Revenue: NT$1.87b (down 4.2% from 2Q 2021). Net loss: NT$554.3m (loss widened 93% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Aug 13CMC Magnetics Corporation Appoints Cheng Kai-Ling as Accounting OfficerCMC Magnetics Corporation appointed Cheng Kai-Ling, Manager, Manager Accounting DEPT. as accounting officer, effective date as August 12, 2022.お知らせ • Jul 09CMC Magnetics Corporation Announces Change of Accounting OfficerCMC Magnetics Corporation announced Change of Accounting officer. Name, title, and resume of the previous position holder: Yang Pi Yin, Senior Manager, Senior Manager Accounting DEPT. Name, title, and resume of the new position holder: Cheng Kai-Ling, Manager, Manager Accounting DEPT. Effective date is July 8, 2022.Reported Earnings • May 17First quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.17 loss in 1Q 2021)First quarter 2022 results: NT$0.12 loss per share (up from NT$0.17 loss in 1Q 2021). Revenue: NT$2.05b (down 7.0% from 1Q 2021). Net loss: NT$137.5m (loss narrowed 28% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ming-Yen Lee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$0.14 (vs NT$0.096 in FY 2020)Full year 2021 results: EPS: NT$0.14 (up from NT$0.096 in FY 2020). Revenue: NT$8.71b (down 7.3% from FY 2020). Net income: NT$161.2m (up 45% from FY 2020). Profit margin: 1.8% (up from 1.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jan 30CMC Magnetics Corporation Announces the Death of Kuo, Chun-Hui / DirectorCMC Magnetics Corporation announced the death of KUO, CHUN-HUI /Director. He has passed away on January 25, 2022.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$10.40, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 13% over the past three years.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$10.45, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 15% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.30 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$2.24b (down 5.7% from 3Q 2020). Net income: NT$482.9m (up NT$828.9m from 3Q 2020). Profit margin: 22% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.Upcoming Dividend • Aug 30Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 05 October 2021. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (5.4%).Reported Earnings • Aug 18Second quarter 2021 earnings released: NT$0.25 loss per share (vs NT$0.97 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.96b (up 1.7% from 2Q 2020). Net loss: NT$287.9m (down 126% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Executive Departure • Jul 28Director Min-Cheng Yeh has left the companyOn the 23rd of July, Min-Cheng Yeh's tenure as Director ended after 24.1 years in the role. We don't have any record of a personal shareholding under Min-Cheng's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.Executive Departure • Jul 28Director Chun-Hui Kuo has left the companyOn the 23rd of July, Chun-Hui Kuo's tenure as Director ended after 15.1 years in the role. We don't have any record of a personal shareholding under Chun-Hui's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.Executive Departure • Jul 28Director Yi-An Zeng has left the companyOn the 23rd of July, Yi-An Zeng's tenure as Director ended after 18.2 years in the role. We don't have any record of a personal shareholding under Yi-An's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.お知らせ • Jul 14An unknown buyer acquired an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323).An unknown buyer acquired an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323) on July 12, 2021. An unknown buyer completed the acquisition of an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323) on July 12, 2021.Reported Earnings • May 15First quarter 2021 earnings released: NT$0.17 loss per share (vs NT$1.12 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$2.20b (down 18% from 1Q 2020). Net loss: NT$191.6m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • Apr 06Read This Before Buying CMC Magnetics Corporation (TPE:2323) For Its DividendToday we'll take a closer look at CMC Magnetics Corporation ( TPE:2323 ) from a dividend investor's perspective. Owning...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.10 (vs NT$0.23 in FY 2019)The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$9.40b (up 33% from FY 2019). Net income: NT$111.1m (down 59% from FY 2019). Profit margin: 1.2% (down from 3.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 02Is CMC Magnetics (TPE:2323) Using Debt Sensibly?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jan 26If You Had Bought CMC Magnetics (TPE:2323) Stock Five Years Ago, You Could Pocket A 73% Gain TodayWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...Is New 90 Day High Low • Dec 30New 90-day high: NT$9.79The company is up 26% from its price of NT$7.80 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 6.0% over the same period.分析記事 • Dec 22Here's How We Evaluate CMC Magnetics Corporation's (TPE:2323) DividendToday we'll take a closer look at CMC Magnetics Corporation ( TPE:2323 ) from a dividend investor's perspective. Owning...分析記事 • Nov 26How Much Is CMC Magnetics Corporation (TPE:2323) CEO Getting Paid?Bob Wong is the CEO of CMC Magnetics Corporation (TPE:2323), and in this article, we analyze the executive's...Is New 90 Day High Low • Nov 19New 90-day high: NT$8.46The company is up 11% from its price of NT$7.59 on 21 August 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Tech industry, which is flat over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.30 loss per shareThe company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: NT$2.37b (up 34% from 3Q 2019). Net loss: NT$346.1m (loss widened 33% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 27CMC Magnetics Corporation announced that it expects to receive TWD 411.94263 million in fundingCMC Magnetics Corporation (TSEC:2323) announced a private placement of 113,000 shares at a price of TWD 3,645.51 per share for gross proceeds of TWD 411,942,630 on August 26, 2020. The operational capital of the company is TWD 6,793,598,000株主還元2323TW TechTW 市場7D3.9%8.4%6.7%1Y31.4%58.8%98.2%株主還元を見る業界別リターン: 2323過去 1 年間で58.8 % の収益を上げたTW Tech業界を下回りました。リターン対市場: 2323は、過去 1 年間で98.2 % のリターンを上げたTW市場を下回りました。価格変動Is 2323's price volatile compared to industry and market?2323 volatility2323 Average Weekly Movement7.9%Tech Industry Average Movement6.6%Market Average Movement6.0%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 2323 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2323の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1978n/aBob Wongwww.cmcnet.com.twCMC Magnetics Corporation は、台湾、米州、日本、中国本土、その他のアジア、欧州、および海外でコンシューマー・エレクトロニクス製品の製造、販売、流通を行っている。同社は、ストレージメディア、その他オプトエレクトロニクス、投資、その他の分野で事業を展開している。Mディスク、CD-RおよびDVD-Rシャイニーシルバーラッカー、インクジェットプリンタブル、ウォーターシールド、サーマル、DVD-Rハードコート、HP CD-R、DVD-R、DVD+R、DVD+RW、DVD+R DL、BD-R、BD-R DL、BD-R XL、CD-RW、USB、マイクロSD、ソリッドステートドライブ、コントロールカードなどのデータストレージソリューションを提供している。また、映画興行権の取得、デジタルディスクやブルーレイディスクの製造・販売・レンタル事業、総合投資事業、映画配給事業、映画製作・配給事業、ショッピングモール事業、タッチパネル製造・販売事業、電子情報提供事業、総合広告事業なども行っている。また、インターネット関連サービス、不動産開発、プラスチック箱、箱、カゴなどの製造・販売、記憶媒体や電子製品の売買、光ディスクの製造・販売なども行っている。CMC Magnetics Corporationは1978年に設立され、台湾の台北に本社を置いている。もっと見るCMC Magnetics Corporation 基礎のまとめCMC Magnetics の収益と売上を時価総額と比較するとどうか。2323 基礎統計学時価総額NT$11.49b収益（TTM）NT$1.73b売上高(TTM)NT$7.18b6.7xPER（株価収益率1.6xP/Sレシオ2323 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2323 損益計算書（TTM）収益NT$7.18b売上原価NT$5.46b売上総利益NT$1.72bその他の費用-NT$3.25m収益NT$1.73b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）1.58グロス・マージン23.99%純利益率24.03%有利子負債／自己資本比率35.1%2323 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.9%現在の配当利回り13%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 15:13終値2026/05/08 00:00収益2025/12/31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CMC Magnetics Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関null nullSinoPac Securities Investment Service
New Risk • Mar 23New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$11.95, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.58 (vs NT$0.27 loss in FY 2024)Full year 2025 results: EPS: NT$1.58 (up from NT$0.27 loss in FY 2024). Revenue: NT$7.18b (down 3.4% from FY 2024). Net income: NT$1.73b (up NT$2.02b from FY 2024). Profit margin: 24% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Mar 13CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026. Location: 1 floor no,350, sung chiang rd., taipei city Taiwan
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$0.83 (vs NT$0.66 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.83 (up from NT$0.66 loss in 3Q 2024). Revenue: NT$1.86b (down 2.5% from 3Q 2024). Net income: NT$905.7m (up NT$1.63b from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 03 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).
New Risk • Mar 23New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$11.95, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$1.58 (vs NT$0.27 loss in FY 2024)Full year 2025 results: EPS: NT$1.58 (up from NT$0.27 loss in FY 2024). Revenue: NT$7.18b (down 3.4% from FY 2024). Net income: NT$1.73b (up NT$2.02b from FY 2024). Profit margin: 24% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Mar 13CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026CMC Magnetics Corporation, Annual General Meeting, Jun 11, 2026. Location: 1 floor no,350, sung chiang rd., taipei city Taiwan
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$0.83 (vs NT$0.66 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.83 (up from NT$0.66 loss in 3Q 2024). Revenue: NT$1.86b (down 2.5% from 3Q 2024). Net income: NT$905.7m (up NT$1.63b from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 28Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 03 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).
New Risk • Aug 15New major risk - Revenue and earnings growthEarnings have declined by 4.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 4.1% per year over the past 5 years.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.55 (vs NT$1.29 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.55 (down from NT$1.29 in 2Q 2024). Revenue: NT$1.62b (down 8.3% from 2Q 2024). Net income: NT$597.1m (down 57% from 2Q 2024). Profit margin: 37% (down from 79% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 15First quarter 2025 earnings released: NT$1.01 loss per share (vs NT$0.25 loss in 1Q 2024)First quarter 2025 results: NT$1.01 loss per share (further deteriorated from NT$0.25 loss in 1Q 2024). Revenue: NT$1.79b (down 2.7% from 1Q 2024). Net loss: NT$1.10b (loss widened 306% from 1Q 2024). 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 5% per year, which means it is significantly lagging earnings.
お知らせ • May 06CMC Magnetics Corporation to Report Q1, 2025 Results on May 13, 2025CMC Magnetics Corporation announced that they will report Q1, 2025 results on May 13, 2025
New Risk • Mar 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 19Full year 2024 earnings released: NT$0.27 loss per share (vs NT$1.61 profit in FY 2023)Full year 2024 results: NT$0.27 loss per share (down from NT$1.61 profit in FY 2023). Revenue: NT$7.44b (flat on FY 2023). Net loss: NT$290.1m (down 117% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Mar 14CMC Magnetics Corporation, Annual General Meeting, Jun 10, 2025CMC Magnetics Corporation, Annual General Meeting, Jun 10, 2025. Location: 1 floor no,350, sung chiang rd., taipei city Taiwan
お知らせ • Mar 06CMC Magnetics Corporation to Report Fiscal Year 2024 Results on Mar 13, 2025CMC Magnetics Corporation announced that they will report fiscal year 2024 results on Mar 13, 2025
分析記事 • Nov 22Shareholders Shouldn’t Be Too Comfortable With CMC Magnetics' (TWSE:2323) Strong EarningsDespite posting strong earnings, CMC Magnetics Corporation's ( TWSE:2323 ) stock didn't move much over the last week...
Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.66 loss per share (vs NT$0.97 loss in 3Q 2023)Third quarter 2024 results: NT$0.66 loss per share (improved from NT$0.97 loss in 3Q 2023). Revenue: NT$1.91b (down 3.1% from 3Q 2023). Net loss: NT$719.9m (loss narrowed 32% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 05CMC Magnetics Corporation to Report Q3, 2024 Results on Nov 12, 2024CMC Magnetics Corporation announced that they will report Q3, 2024 results on Nov 12, 2024
Upcoming Dividend • Aug 28Upcoming dividend of NT$0.68 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 04 October 2024. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.1%).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.28 (vs NT$1.27 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.28 (up from NT$1.27 in 2Q 2023). Revenue: NT$1.76b (flat on 2Q 2023). Net income: NT$1.40b (up 1.0% from 2Q 2023). Profit margin: 79% (up from 78% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$13.55, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 64% over the past three years.
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to NT$13.55. The fair value is estimated to be NT$11.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • Aug 06CMC Magnetics Corporation to Report Q2, 2024 Results on Aug 13, 2024CMC Magnetics Corporation announced that they will report Q2, 2024 results on Aug 13, 2024
Reported Earnings • May 18First quarter 2024 earnings released: NT$0.25 loss per share (vs NT$0.62 profit in 1Q 2023)First quarter 2024 results: NT$0.25 loss per share (down from NT$0.62 profit in 1Q 2023). Revenue: NT$1.84b (up 6.2% from 1Q 2023). Net loss: NT$269.5m (down 140% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • May 08CMC Magnetics Corporation to Report Q1, 2024 Results on May 14, 2024CMC Magnetics Corporation announced that they will report Q1, 2024 results on May 14, 2024
分析記事 • Apr 29Health Check: How Prudently Does CMC Magnetics (TWSE:2323) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Mar 24CMC Magnetics' (TWSE:2323) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from CMC Magnetics Corporation ( TWSE:2323 ), the market responded by bidding up...
New Risk • Mar 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 682% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$1.61 (vs NT$0.95 loss in FY 2022)Full year 2023 results: EPS: NT$1.61 (up from NT$0.95 loss in FY 2022). Revenue: NT$7.38b (down 4.0% from FY 2022). Net income: NT$1.75b (up NT$2.83b from FY 2022). Profit margin: 24% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 19Getting In Cheap On CMC Magnetics Corporation (TWSE:2323) Is UnlikelyThere wouldn't be many who think CMC Magnetics Corporation's ( TWSE:2323 ) price-to-sales (or "P/S") ratio of 1.8x is...
お知らせ • Mar 15CMC Magnetics Corporation, Annual General Meeting, Jun 14, 2024CMC Magnetics Corporation, Annual General Meeting, Jun 14, 2024. Location: Importers and Exporters Association of Taipei(1F,No.350, Songjiang Rd Taipei Taiwan Agenda: To consider the operational report of 2023; to consider Supervisors review the financial statements of 2023; to consider Report of Remuneration of Directors and Employees; to consider proposal for the operational report and the financial statements of 2023; to consider proposal for 2023 Deficit Compensation; and to consider other matters.
お知らせ • Jan 27CMC Magnetics Corporation Appoints Wong Ming Sen as Chief Strategy OfficerCMC Magnetics Corporation announced the appointment of Wong Ming Sen as Chief Strategy Officer, effective January 26, 2024. Wong Ming Sen is Chairman of the company.
New Risk • Dec 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 122% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
New Risk • Sep 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.4% increase in shares outstanding).
New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 840% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: NT$1.27 (vs NT$0.51 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$1.27 (up from NT$0.51 loss in 2Q 2022). Revenue: NT$1.77b (down 5.4% from 2Q 2022). Net income: NT$1.39b (up NT$1.94b from 2Q 2022). Profit margin: 78% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 12CMC Magnetics Corporation Announces Change of Accounting Officer, Effective on August 21, 2023CMC Magnetics Corporation announced that the change of accounting officer. Name, title, and resume of the previous position holder: Cheng Kai-Ling, Acconting Manager. Name, title, and resume of the new position holder: Lee Yung-Chih, Acconting Manager, Senior Manager Accounting of Medtecs (Taiwan) Corporation. The effective date is August 21, 2023.
Reported Earnings • Mar 18Full year 2022 earnings released: NT$0.95 loss per share (vs NT$0.15 profit in FY 2021)Full year 2022 results: NT$0.95 loss per share (down from NT$0.15 profit in FY 2021). Revenue: NT$7.69b (down 12% from FY 2021). Net loss: NT$1.08b (down NT$1.24b from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ming-Yen Lee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 12CMC Magnetics Corporation Appoints Huang, Po-Chiao as Chief Information Security OfficerCMC Magnetics Corporation announced appointment of Huang, Po-Chiao /Information Department of Deputy Manager as Chief information security officer. Effective Date is November 11, 2022.
Upcoming Dividend • Oct 07Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 14 October 2022. Payment date: 28 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (7.6%).
Reported Earnings • Aug 17Second quarter 2022 earnings released: NT$0.48 loss per share (vs NT$0.25 loss in 2Q 2021)Second quarter 2022 results: NT$0.48 loss per share (down from NT$0.25 loss in 2Q 2021). Revenue: NT$1.87b (down 4.2% from 2Q 2021). Net loss: NT$554.3m (loss widened 93% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 13CMC Magnetics Corporation Appoints Cheng Kai-Ling as Accounting OfficerCMC Magnetics Corporation appointed Cheng Kai-Ling, Manager, Manager Accounting DEPT. as accounting officer, effective date as August 12, 2022.
お知らせ • Jul 09CMC Magnetics Corporation Announces Change of Accounting OfficerCMC Magnetics Corporation announced Change of Accounting officer. Name, title, and resume of the previous position holder: Yang Pi Yin, Senior Manager, Senior Manager Accounting DEPT. Name, title, and resume of the new position holder: Cheng Kai-Ling, Manager, Manager Accounting DEPT. Effective date is July 8, 2022.
Reported Earnings • May 17First quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.17 loss in 1Q 2021)First quarter 2022 results: NT$0.12 loss per share (up from NT$0.17 loss in 1Q 2021). Revenue: NT$2.05b (down 7.0% from 1Q 2021). Net loss: NT$137.5m (loss narrowed 28% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Ming-Yen Lee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 30Full year 2021 earnings released: EPS: NT$0.14 (vs NT$0.096 in FY 2020)Full year 2021 results: EPS: NT$0.14 (up from NT$0.096 in FY 2020). Revenue: NT$8.71b (down 7.3% from FY 2020). Net income: NT$161.2m (up 45% from FY 2020). Profit margin: 1.8% (up from 1.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jan 30CMC Magnetics Corporation Announces the Death of Kuo, Chun-Hui / DirectorCMC Magnetics Corporation announced the death of KUO, CHUN-HUI /Director. He has passed away on January 25, 2022.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$10.40, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 13% over the past three years.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$10.45, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 15% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.30 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$2.24b (down 5.7% from 3Q 2020). Net income: NT$482.9m (up NT$828.9m from 3Q 2020). Profit margin: 22% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.
Upcoming Dividend • Aug 30Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 06 September 2021. Payment date: 05 October 2021. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (5.4%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: NT$0.25 loss per share (vs NT$0.97 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.96b (up 1.7% from 2Q 2020). Net loss: NT$287.9m (down 126% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Executive Departure • Jul 28Director Min-Cheng Yeh has left the companyOn the 23rd of July, Min-Cheng Yeh's tenure as Director ended after 24.1 years in the role. We don't have any record of a personal shareholding under Min-Cheng's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.
Executive Departure • Jul 28Director Chun-Hui Kuo has left the companyOn the 23rd of July, Chun-Hui Kuo's tenure as Director ended after 15.1 years in the role. We don't have any record of a personal shareholding under Chun-Hui's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.
Executive Departure • Jul 28Director Yi-An Zeng has left the companyOn the 23rd of July, Yi-An Zeng's tenure as Director ended after 18.2 years in the role. We don't have any record of a personal shareholding under Yi-An's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.83 years.
お知らせ • Jul 14An unknown buyer acquired an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323).An unknown buyer acquired an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323) on July 12, 2021. An unknown buyer completed the acquisition of an unknown minority stake in Cathay Holdings Ltd. from CMC Magnetics Corporation (TWSE:2323) on July 12, 2021.
Reported Earnings • May 15First quarter 2021 earnings released: NT$0.17 loss per share (vs NT$1.12 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$2.20b (down 18% from 1Q 2020). Net loss: NT$191.6m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • Apr 06Read This Before Buying CMC Magnetics Corporation (TPE:2323) For Its DividendToday we'll take a closer look at CMC Magnetics Corporation ( TPE:2323 ) from a dividend investor's perspective. Owning...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$0.10 (vs NT$0.23 in FY 2019)The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$9.40b (up 33% from FY 2019). Net income: NT$111.1m (down 59% from FY 2019). Profit margin: 1.2% (down from 3.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 02Is CMC Magnetics (TPE:2323) Using Debt Sensibly?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jan 26If You Had Bought CMC Magnetics (TPE:2323) Stock Five Years Ago, You Could Pocket A 73% Gain TodayWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...
Is New 90 Day High Low • Dec 30New 90-day high: NT$9.79The company is up 26% from its price of NT$7.80 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 6.0% over the same period.
分析記事 • Dec 22Here's How We Evaluate CMC Magnetics Corporation's (TPE:2323) DividendToday we'll take a closer look at CMC Magnetics Corporation ( TPE:2323 ) from a dividend investor's perspective. Owning...
分析記事 • Nov 26How Much Is CMC Magnetics Corporation (TPE:2323) CEO Getting Paid?Bob Wong is the CEO of CMC Magnetics Corporation (TPE:2323), and in this article, we analyze the executive's...
Is New 90 Day High Low • Nov 19New 90-day high: NT$8.46The company is up 11% from its price of NT$7.59 on 21 August 2020. The Taiwanese market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Tech industry, which is flat over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.30 loss per shareThe company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: NT$2.37b (up 34% from 3Q 2019). Net loss: NT$346.1m (loss widened 33% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 27CMC Magnetics Corporation announced that it expects to receive TWD 411.94263 million in fundingCMC Magnetics Corporation (TSEC:2323) announced a private placement of 113,000 shares at a price of TWD 3,645.51 per share for gross proceeds of TWD 411,942,630 on August 26, 2020. The operational capital of the company is TWD 6,793,598,000
