Gold Circuit Electronics（2368）株式概要金回路電子有限公司は、台湾で多層プリント回路基板の設計、製造、加工、販売を行っています。 詳細2368 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長6/6過去の実績5/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より19.6%で取引されている 収益は年間36.77%増加すると予測されています 過去1年間で収益は71.1%増加しました リスク分析高いレベルの非現金収入 TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る2368 Community Fair Values Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$1.45k60.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-269m247b2016201920222025202620282031Revenue NT$247.3bEarnings NT$39.6bAdvancedSet Fair ValueView all narrativesGold Circuit Electronics Ltd. 競合他社YageoSymbol: TWSE:2327Market cap: NT$764.0bZhen Ding Technology HoldingSymbol: TWSE:4958Market cap: NT$457.0bTaiwan Union TechnologySymbol: TPEX:6274Market cap: NT$417.2bLargan PrecisionSymbol: TWSE:3008Market cap: NT$341.6b価格と性能株価の高値、安値、推移の概要Gold Circuit Electronics過去の株価現在の株価NT$1,450.0052週高値NT$1,520.0052週安値NT$216.50ベータ0.871ヶ月の変化56.42%3ヶ月変化94.63%1年変化547.32%3年間の変化1,426.32%5年間の変化2,876.05%IPOからの変化3,662.06%最新ニュースBuy Or Sell Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock has risen 90% to NT$1,445. The fair value is estimated to be NT$1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,390, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 1,367% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,910 per share.Price Target Changed • Apr 14Price target increased by 8.6% to NT$1,109Up from NT$1,021, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$1,150. Stock is up 499% over the past year. The company is forecast to post earnings per share of NT$35.64 for next year compared to NT$19.48 last year.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,095, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,048% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$960 per share.Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$19.47 (up from NT$11.54 in FY 2024). Revenue: NT$60.0b (up 54% from FY 2024). Net income: NT$9.61b (up 71% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 11Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026. Location: no,113, hsi yuan rd., taoyuan city Taiwan最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock has risen 90% to NT$1,445. The fair value is estimated to be NT$1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,390, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 1,367% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,910 per share.Price Target Changed • Apr 14Price target increased by 8.6% to NT$1,109Up from NT$1,021, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$1,150. Stock is up 499% over the past year. The company is forecast to post earnings per share of NT$35.64 for next year compared to NT$19.48 last year.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,095, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,048% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$960 per share.Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$19.47 (up from NT$11.54 in FY 2024). Revenue: NT$60.0b (up 54% from FY 2024). Net income: NT$9.61b (up 71% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 11Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026. Location: no,113, hsi yuan rd., taoyuan city TaiwanPrice Target Changed • Mar 11Price target increased by 13% to NT$897Up from NT$797, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$898. Stock is up 314% over the past year. The company is forecast to post earnings per share of NT$19.04 for next year compared to NT$11.54 last year.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$709, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 726% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$720 per share.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$718, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 768% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$502 per share.Buy Or Sell Opportunity • Jan 22Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to NT$625. The fair value is estimated to be NT$500, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 118% in the next 2 years.Price Target Changed • Dec 31Price target increased by 9.2% to NT$722Up from NT$661, the current price target is an average from 9 analysts. New target price is 5.5% above last closing price of NT$684. Stock is up 183% over the past year. The company is forecast to post earnings per share of NT$19.03 for next year compared to NT$11.54 last year.Buy Or Sell Opportunity • Dec 13Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$618. The fair value is estimated to be NT$503, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 118% in the next 2 years.Price Target Changed • Nov 27Price target increased by 9.0% to NT$566Up from NT$519, the current price target is an average from 9 analysts. New target price is 9.5% below last closing price of NT$625. Stock is up 241% over the past year. The company is forecast to post earnings per share of NT$19.52 for next year compared to NT$11.54 last year.Buy Or Sell Opportunity • Nov 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to NT$612. The fair value is estimated to be NT$504, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 89% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$594, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 557% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$503 per share.New Risk • Nov 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (40% accrual ratio).Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$6.49 (up from NT$3.28 in 3Q 2024). Revenue: NT$17.7b (up 69% from 3Q 2024). Net income: NT$3.23b (up 102% from 3Q 2024). Profit margin: 18% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 12Price target increased by 11% to NT$519Up from NT$466, the current price target is an average from 9 analysts. New target price is 5.3% below last closing price of NT$548. Stock is up 209% over the past year. The company is forecast to post earnings per share of NT$17.77 for next year compared to NT$11.54 last year.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$466, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 469% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$260 per share.Board Change • Aug 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shyr-Chr Chen was the last independent director to join the board, commencing their role in 2023. 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 • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$3.48 (up from NT$3.13 in 2Q 2024). Revenue: NT$13.9b (up 45% from 2Q 2024). Net income: NT$1.69b (up 11% from 2Q 2024). Profit margin: 12% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$441, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$383 per share.Major Estimate Revision • Aug 10Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$55.8b to NT$59.5b. EPS estimate increased from NT$15.59 to NT$17.16 per share. Net income forecast to grow 55% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$343 to NT$436. Share price rose 8.2% to NT$409 over the past week.Price Target Changed • Aug 09Price target increased by 22% to NT$419Up from NT$343, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$409. Stock is up 97% over the past year. The company is forecast to post earnings per share of NT$16.84 for next year compared to NT$11.54 last year.Buy Or Sell Opportunity • Aug 09Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to NT$409. The fair value is estimated to be NT$329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 104% in the next 2 years.Price Target Changed • Jul 29Price target increased by 9.6% to NT$343Up from NT$313, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$350. Stock is up 63% over the past year. The company is forecast to post earnings per share of NT$15.59 for next year compared to NT$11.54 last year.Upcoming Dividend • Jun 17Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 24 June 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).Buy Or Sell Opportunity • Jun 04Now 20% undervaluedOver the last 90 days, the stock has risen 17% to NT$267. The fair value is estimated to be NT$335, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.Declared Dividend • May 29Dividend increased to NT$6.00Dividend of NT$6.00 is 71% higher than last year. Ex-date: 24th June 2025 Payment date: 23rd July 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$3.60 (up from NT$2.50 in 1Q 2024). Revenue: NT$12.1b (up 33% from 1Q 2024). Net income: NT$1.75b (up 44% from 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 17% p.a. on average during the next 3 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 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$222, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$143 per share.Buy Or Sell Opportunity • Apr 11Now 21% overvaluedOver the last 90 days, the stock has fallen 24% to NT$171. The fair value is estimated to be NT$141, however this is not to be taken as a sell 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 16%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$158, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$142 per share.New Risk • Mar 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).Reported Earnings • Mar 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$11.54 (up from NT$7.25 in FY 2023). Revenue: NT$39.0b (up 30% from FY 2023). Net income: NT$5.62b (up 59% from FY 2023). Profit margin: 14% (up from 12% in FY 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 3.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Gold Circuit Electronics Ltd., Annual General Meeting, May 28, 2025Gold Circuit Electronics Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,113, hsi yuan rd., taoyuan city Taiwanお知らせ • Mar 01Gold Circuit Electronics Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Gold Circuit Electronics Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025New Risk • Jan 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$232, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$93.72 per share.Reported Earnings • Nov 13Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$3.28 (up from NT$2.39 in 3Q 2023). Revenue: NT$10.5b (up 27% from 3Q 2023). Net income: NT$1.60b (up 37% from 3Q 2023). Profit margin: 15% (up from 14% in 3Q 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 7.1%. Revenue is forecast to grow 14% 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 increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$3.12 (up from NT$1.68 in 2Q 2023). Revenue: NT$9.57b (up 38% from 2Q 2023). Net income: NT$1.52b (up 86% from 2Q 2023). Profit margin: 16% (up from 12% 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 4.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% 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 increased by 42% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Jul 31Gold Circuit Electronics Ltd. to Report Q2, 2024 Results on Aug 07, 2024Gold Circuit Electronics Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Upcoming Dividend • Jun 20Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).Reported Earnings • May 15First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$2.50 (up from NT$0.88 in 1Q 2023). Revenue: NT$9.07b (up 43% from 1Q 2023). Net income: NT$1.22b (up 183% from 1Q 2023). Profit margin: 13% (up from 6.8% 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 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% 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 increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 11Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$12.99 to NT$11.64 per share. Revenue forecast steady at NT$39.7b. Net income forecast to grow 62% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$282 to NT$270. Share price was steady at NT$193 over the past week.Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$7.25 (down from NT$8.86 in FY 2022). Revenue: NT$30.0b (down 8.4% from FY 2022). Net income: NT$3.53b (down 23% from FY 2022). Profit margin: 12% (down from 14% in FY 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 3.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 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 18% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Gold Circuit Electronics Ltd., Annual General Meeting, May 30, 2024Gold Circuit Electronics Ltd., Annual General Meeting, May 30, 2024. Location: old administration building of Zhongli factory No.113, Xiyuan Road Zhongli City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's review report; to consider 2023 Employee and Director Compensation Report; to consider Status report for appropriation of 2023 earnings to pay cash dividends; to consider Execution report of domestic unsecured convertible corporate bond; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution; to consider comprehensive re-election of directors of the company.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$229, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$211 per share.Buy Or Sell Opportunity • Mar 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to NT$275. The fair value is estimated to be NT$223, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.New Risk • Feb 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).Buy Or Sell Opportunity • Feb 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to NT$248. The fair value is estimated to be NT$206, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.Price Target Changed • Nov 20Price target increased by 7.2% to NT$263Up from NT$246, the current price target is an average from 8 analysts. New target price is 18% above last closing price of NT$224. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$7.13 for next year compared to NT$8.86 last year.Reported Earnings • Nov 16Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$2.39 (down from NT$2.73 in 3Q 2022). Revenue: NT$8.25b (down 4.2% from 3Q 2022). Net income: NT$1.16b (down 14% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% 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 increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$209, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 374% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$183 per share.Price Target Changed • Sep 27Price target increased by 8.5% to NT$238Up from NT$220, the current price target is an average from 8 analysts. New target price is 13% above last closing price of NT$212. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.86 last year.Price Target Changed • Sep 06Price target increased by 8.9% to NT$220Up from NT$202, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$217. Stock is up 151% over the past year. The company is forecast to post earnings per share of NT$7.31 for next year compared to NT$8.86 last year.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$202, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.New Risk • Aug 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).Price Target Changed • Aug 15Price target increased by 7.1% to NT$200Up from NT$187, the current price target is an average from 7 analysts. New target price is 11% above last closing price of NT$180. Stock is up 97% over the past year. The company is forecast to post earnings per share of NT$7.02 for next year compared to NT$8.86 last year.Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.68 (down from NT$3.00 in 2Q 2022). Revenue: NT$6.93b (down 18% from 2Q 2022). Net income: NT$817.4m (down 44% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 16% 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 29% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).Price Target Changed • Jul 28Price target increased by 12% to NT$187Up from NT$166, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$179. Stock is up 98% over the past year. The company is forecast to post earnings per share of NT$6.88 for next year compared to NT$8.86 last year.Price Target Changed • Jul 12Price target increased by 8.1% to NT$155Up from NT$143, the current price target is an average from 7 analysts. New target price is 8.8% below last closing price of NT$170. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$6.94 for next year compared to NT$8.86 last year.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$156, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 357% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$118 per share.お知らせ • Jun 15Gold Circuit Electronics Ltd. Appoints Chen, Shyr-Chr as Independent DirectorGold Circuit Electronics Ltd. appointed Chen, Shyr-Chr as Independent Director, approve at its shareholders meeting held on June 14, 2023. Resume of the new position holder: Professor and Director of the Emergency Medicine Department at National, Taiwan University Hospital.Price Target Changed • Jun 06Price target increased by 7.9% to NT$137Up from NT$127, the current price target is an average from 7 analysts. New target price is 5.5% above last closing price of NT$130. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$6.85 for next year compared to NT$8.86 last year.Buying Opportunity • May 23Now 22% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be NT$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Major Estimate Revision • May 23Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$31.7b to NT$30.3b. EPS estimate also fell from NT$8.44 per share to NT$7.04 per share. Net income forecast to shrink 24% next year vs 6.6% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$121 to NT$127. Share price rose 16% to NT$111 over the past week.Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$114, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$141 per share.Major Estimate Revision • Apr 22Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$7.25 to NT$8.73. Revenue forecast steady at NT$31.9b. Net income forecast to shrink 13% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$118. Share price was steady at NT$98.20 over the past week.Upcoming Dividend • Apr 06Upcoming dividend of NT$3.50 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.9%). Lower than average of industry peers (4.5%).Reported Earnings • Mar 16Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$8.86 (up from NT$6.01 in FY 2021). Revenue: NT$32.8b (up 23% from FY 2021). Net income: NT$4.57b (up 56% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 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 51% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 12Gold Circuit Electronics Ltd. Announces the Change of Chief Internal AuditorGold Circuit Electronics Ltd. appointed Ming-Yuan Wu, Vice Director of Quality Assurance Division in place of Juinn-Horng Kuo as Chief Internal Auditor. Reason for the change is retirement. Effective date is January 11, 2023.Major Estimate Revision • Nov 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NT$9.79 to NT$8.75. Revenue forecast unchanged from NT$32.9b at last update. Net income forecast to grow 19% next year vs 5.5% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$123. Share price was steady at NT$98.70 over the past week.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jen-Jou Hsieh 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.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$102, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 607% over the past three years.Upcoming Dividend • Aug 31Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.70 (up from NT$1.34 in 2Q 2021). Revenue: NT$8.46b (up 33% from 2Q 2021). Net income: NT$1.46b (up 101% from 2Q 2021). Profit margin: 17% (up from 11% in 2Q 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 18%. Over the next year, revenue is forecast to grow 11%, compared to a 8.6% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$66.70, 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 488% over the past three years.Upcoming Dividend • Jun 20Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.2%). Lower than average of industry peers (4.5%).株主還元2368TW ElectronicTW 市場7D4.3%6.6%4.8%1Y547.3%196.6%99.7%株主還元を見る業界別リターン: 2368過去 1 年間で196.6 % の収益を上げたTW Electronic業界を上回りました。リターン対市場: 2368過去 1 年間で99.7 % の収益を上げたTW市場を上回りました。価格変動Is 2368's price volatile compared to industry and market?2368 volatility2368 Average Weekly Movement10.2%Electronic Industry Average Movement7.9%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: 2368の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 2368の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1981n/aChen-Tse Yangwww.gce.com.tw金回路電子有限公司は台湾で多層プリント回路基板の設計、製造、加工、販売を行っている。同社は1970年に設立され、台湾桃園市に本社を置く。もっと見るGold Circuit Electronics Ltd. 基礎のまとめGold Circuit Electronics の収益と売上を時価総額と比較するとどうか。2368 基礎統計学時価総額NT$724.97b収益（TTM）NT$9.61b売上高(TTM)NT$60.00b75.5xPER（株価収益率12.1xP/Sレシオ2368 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2368 損益計算書（TTM）収益NT$60.00b売上原価NT$40.32b売上総利益NT$19.68bその他の費用NT$10.08b収益NT$9.61b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）19.21グロス・マージン32.80%純利益率16.01%有利子負債／自己資本比率53.7%2368 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0.7%現在の配当利回り51%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2026/05/07 05:43終値2026/05/07 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Gold Circuit Electronics Ltd. 7 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。11 アナリスト機関Lin-Ya KaoBofA Global ResearchJack ChenCitigroup IncSanjeev RanaCLSA8 その他のアナリストを表示
Buy Or Sell Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock has risen 90% to NT$1,445. The fair value is estimated to be NT$1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,390, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 1,367% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,910 per share.
Price Target Changed • Apr 14Price target increased by 8.6% to NT$1,109Up from NT$1,021, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$1,150. Stock is up 499% over the past year. The company is forecast to post earnings per share of NT$35.64 for next year compared to NT$19.48 last year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,095, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,048% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$960 per share.
Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$19.47 (up from NT$11.54 in FY 2024). Revenue: NT$60.0b (up 54% from FY 2024). Net income: NT$9.61b (up 71% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 11Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026. Location: no,113, hsi yuan rd., taoyuan city Taiwan
Buy Or Sell Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock has risen 90% to NT$1,445. The fair value is estimated to be NT$1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$1,390, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 1,367% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,910 per share.
Price Target Changed • Apr 14Price target increased by 8.6% to NT$1,109Up from NT$1,021, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$1,150. Stock is up 499% over the past year. The company is forecast to post earnings per share of NT$35.64 for next year compared to NT$19.48 last year.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$1,095, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 1,048% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$960 per share.
Reported Earnings • Mar 13Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$19.47 (up from NT$11.54 in FY 2024). Revenue: NT$60.0b (up 54% from FY 2024). Net income: NT$9.61b (up 71% from FY 2024). Profit margin: 16% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 11Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026Gold Circuit Electronics Ltd., Annual General Meeting, May 29, 2026. Location: no,113, hsi yuan rd., taoyuan city Taiwan
Price Target Changed • Mar 11Price target increased by 13% to NT$897Up from NT$797, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$898. Stock is up 314% over the past year. The company is forecast to post earnings per share of NT$19.04 for next year compared to NT$11.54 last year.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$709, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 726% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$720 per share.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$718, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 768% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$502 per share.
Buy Or Sell Opportunity • Jan 22Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to NT$625. The fair value is estimated to be NT$500, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 118% in the next 2 years.
Price Target Changed • Dec 31Price target increased by 9.2% to NT$722Up from NT$661, the current price target is an average from 9 analysts. New target price is 5.5% above last closing price of NT$684. Stock is up 183% over the past year. The company is forecast to post earnings per share of NT$19.03 for next year compared to NT$11.54 last year.
Buy Or Sell Opportunity • Dec 13Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$618. The fair value is estimated to be NT$503, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 118% in the next 2 years.
Price Target Changed • Nov 27Price target increased by 9.0% to NT$566Up from NT$519, the current price target is an average from 9 analysts. New target price is 9.5% below last closing price of NT$625. Stock is up 241% over the past year. The company is forecast to post earnings per share of NT$19.52 for next year compared to NT$11.54 last year.
Buy Or Sell Opportunity • Nov 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to NT$612. The fair value is estimated to be NT$504, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 89% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$594, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 557% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$503 per share.
New Risk • Nov 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (40% accrual ratio).
Reported Earnings • Nov 15Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$6.49 (up from NT$3.28 in 3Q 2024). Revenue: NT$17.7b (up 69% from 3Q 2024). Net income: NT$3.23b (up 102% from 3Q 2024). Profit margin: 18% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 12Price target increased by 11% to NT$519Up from NT$466, the current price target is an average from 9 analysts. New target price is 5.3% below last closing price of NT$548. Stock is up 209% over the past year. The company is forecast to post earnings per share of NT$17.77 for next year compared to NT$11.54 last year.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$466, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 469% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$260 per share.
Board Change • Aug 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shyr-Chr Chen was the last independent director to join the board, commencing their role in 2023. 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 • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$3.48 (up from NT$3.13 in 2Q 2024). Revenue: NT$13.9b (up 45% from 2Q 2024). Net income: NT$1.69b (up 11% from 2Q 2024). Profit margin: 12% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$441, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$383 per share.
Major Estimate Revision • Aug 10Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$55.8b to NT$59.5b. EPS estimate increased from NT$15.59 to NT$17.16 per share. Net income forecast to grow 55% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$343 to NT$436. Share price rose 8.2% to NT$409 over the past week.
Price Target Changed • Aug 09Price target increased by 22% to NT$419Up from NT$343, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$409. Stock is up 97% over the past year. The company is forecast to post earnings per share of NT$16.84 for next year compared to NT$11.54 last year.
Buy Or Sell Opportunity • Aug 09Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 81% to NT$409. The fair value is estimated to be NT$329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 104% in the next 2 years.
Price Target Changed • Jul 29Price target increased by 9.6% to NT$343Up from NT$313, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$350. Stock is up 63% over the past year. The company is forecast to post earnings per share of NT$15.59 for next year compared to NT$11.54 last year.
Upcoming Dividend • Jun 17Upcoming dividend of NT$6.00 per shareEligible shareholders must have bought the stock before 24 June 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Buy Or Sell Opportunity • Jun 04Now 20% undervaluedOver the last 90 days, the stock has risen 17% to NT$267. The fair value is estimated to be NT$335, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.
Declared Dividend • May 29Dividend increased to NT$6.00Dividend of NT$6.00 is 71% higher than last year. Ex-date: 24th June 2025 Payment date: 23rd July 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 16First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$3.60 (up from NT$2.50 in 1Q 2024). Revenue: NT$12.1b (up 33% from 1Q 2024). Net income: NT$1.75b (up 44% from 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 17% p.a. on average during the next 3 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 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$222, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$143 per share.
Buy Or Sell Opportunity • Apr 11Now 21% overvaluedOver the last 90 days, the stock has fallen 24% to NT$171. The fair value is estimated to be NT$141, however this is not to be taken as a sell 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 16%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$158, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$142 per share.
New Risk • Mar 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.2% average weekly change).
Reported Earnings • Mar 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$11.54 (up from NT$7.25 in FY 2023). Revenue: NT$39.0b (up 30% from FY 2023). Net income: NT$5.62b (up 59% from FY 2023). Profit margin: 14% (up from 12% in FY 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 3.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Gold Circuit Electronics Ltd., Annual General Meeting, May 28, 2025Gold Circuit Electronics Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,113, hsi yuan rd., taoyuan city Taiwan
お知らせ • Mar 01Gold Circuit Electronics Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Gold Circuit Electronics Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
New Risk • Jan 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$232, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$93.72 per share.
Reported Earnings • Nov 13Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$3.28 (up from NT$2.39 in 3Q 2023). Revenue: NT$10.5b (up 27% from 3Q 2023). Net income: NT$1.60b (up 37% from 3Q 2023). Profit margin: 15% (up from 14% in 3Q 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 7.1%. Revenue is forecast to grow 14% 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 increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$3.12 (up from NT$1.68 in 2Q 2023). Revenue: NT$9.57b (up 38% from 2Q 2023). Net income: NT$1.52b (up 86% from 2Q 2023). Profit margin: 16% (up from 12% 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 4.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% 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 increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Jul 31Gold Circuit Electronics Ltd. to Report Q2, 2024 Results on Aug 07, 2024Gold Circuit Electronics Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Upcoming Dividend • Jun 20Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).
Reported Earnings • May 15First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: NT$2.50 (up from NT$0.88 in 1Q 2023). Revenue: NT$9.07b (up 43% from 1Q 2023). Net income: NT$1.22b (up 183% from 1Q 2023). Profit margin: 13% (up from 6.8% 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 1.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% 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 increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 11Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$12.99 to NT$11.64 per share. Revenue forecast steady at NT$39.7b. Net income forecast to grow 62% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$282 to NT$270. Share price was steady at NT$193 over the past week.
Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$7.25 (down from NT$8.86 in FY 2022). Revenue: NT$30.0b (down 8.4% from FY 2022). Net income: NT$3.53b (down 23% from FY 2022). Profit margin: 12% (down from 14% in FY 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 3.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 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 18% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Gold Circuit Electronics Ltd., Annual General Meeting, May 30, 2024Gold Circuit Electronics Ltd., Annual General Meeting, May 30, 2024. Location: old administration building of Zhongli factory No.113, Xiyuan Road Zhongli City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's review report; to consider 2023 Employee and Director Compensation Report; to consider Status report for appropriation of 2023 earnings to pay cash dividends; to consider Execution report of domestic unsecured convertible corporate bond; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution; to consider comprehensive re-election of directors of the company.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$229, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$211 per share.
Buy Or Sell Opportunity • Mar 06Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to NT$275. The fair value is estimated to be NT$223, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.
New Risk • Feb 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
Buy Or Sell Opportunity • Feb 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to NT$248. The fair value is estimated to be NT$206, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.
Price Target Changed • Nov 20Price target increased by 7.2% to NT$263Up from NT$246, the current price target is an average from 8 analysts. New target price is 18% above last closing price of NT$224. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$7.13 for next year compared to NT$8.86 last year.
Reported Earnings • Nov 16Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$2.39 (down from NT$2.73 in 3Q 2022). Revenue: NT$8.25b (down 4.2% from 3Q 2022). Net income: NT$1.16b (down 14% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% 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 increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$209, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 374% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$183 per share.
Price Target Changed • Sep 27Price target increased by 8.5% to NT$238Up from NT$220, the current price target is an average from 8 analysts. New target price is 13% above last closing price of NT$212. Stock is up 137% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.86 last year.
Price Target Changed • Sep 06Price target increased by 8.9% to NT$220Up from NT$202, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of NT$217. Stock is up 151% over the past year. The company is forecast to post earnings per share of NT$7.31 for next year compared to NT$8.86 last year.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$202, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.
New Risk • Aug 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
Price Target Changed • Aug 15Price target increased by 7.1% to NT$200Up from NT$187, the current price target is an average from 7 analysts. New target price is 11% above last closing price of NT$180. Stock is up 97% over the past year. The company is forecast to post earnings per share of NT$7.02 for next year compared to NT$8.86 last year.
Reported Earnings • Aug 13Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.68 (down from NT$3.00 in 2Q 2022). Revenue: NT$6.93b (down 18% from 2Q 2022). Net income: NT$817.4m (down 44% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 16% 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 29% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).
Price Target Changed • Jul 28Price target increased by 12% to NT$187Up from NT$166, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$179. Stock is up 98% over the past year. The company is forecast to post earnings per share of NT$6.88 for next year compared to NT$8.86 last year.
Price Target Changed • Jul 12Price target increased by 8.1% to NT$155Up from NT$143, the current price target is an average from 7 analysts. New target price is 8.8% below last closing price of NT$170. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$6.94 for next year compared to NT$8.86 last year.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$156, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 357% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$118 per share.
お知らせ • Jun 15Gold Circuit Electronics Ltd. Appoints Chen, Shyr-Chr as Independent DirectorGold Circuit Electronics Ltd. appointed Chen, Shyr-Chr as Independent Director, approve at its shareholders meeting held on June 14, 2023. Resume of the new position holder: Professor and Director of the Emergency Medicine Department at National, Taiwan University Hospital.
Price Target Changed • Jun 06Price target increased by 7.9% to NT$137Up from NT$127, the current price target is an average from 7 analysts. New target price is 5.5% above last closing price of NT$130. Stock is up 46% over the past year. The company is forecast to post earnings per share of NT$6.85 for next year compared to NT$8.86 last year.
Buying Opportunity • May 23Now 22% undervaluedOver the last 90 days, the stock is up 27%. The fair value is estimated to be NT$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Major Estimate Revision • May 23Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$31.7b to NT$30.3b. EPS estimate also fell from NT$8.44 per share to NT$7.04 per share. Net income forecast to shrink 24% next year vs 6.6% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$121 to NT$127. Share price rose 16% to NT$111 over the past week.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$114, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$141 per share.
Major Estimate Revision • Apr 22Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$7.25 to NT$8.73. Revenue forecast steady at NT$31.9b. Net income forecast to shrink 13% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$118. Share price was steady at NT$98.20 over the past week.
Upcoming Dividend • Apr 06Upcoming dividend of NT$3.50 per share at 3.7% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.9%). Lower than average of industry peers (4.5%).
Reported Earnings • Mar 16Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$8.86 (up from NT$6.01 in FY 2021). Revenue: NT$32.8b (up 23% from FY 2021). Net income: NT$4.57b (up 56% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 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 51% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 12Gold Circuit Electronics Ltd. Announces the Change of Chief Internal AuditorGold Circuit Electronics Ltd. appointed Ming-Yuan Wu, Vice Director of Quality Assurance Division in place of Juinn-Horng Kuo as Chief Internal Auditor. Reason for the change is retirement. Effective date is January 11, 2023.
Major Estimate Revision • Nov 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NT$9.79 to NT$8.75. Revenue forecast unchanged from NT$32.9b at last update. Net income forecast to grow 19% next year vs 5.5% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$123. Share price was steady at NT$98.70 over the past week.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jen-Jou Hsieh 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.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$102, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 607% over the past three years.
Upcoming Dividend • Aug 31Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.70 (up from NT$1.34 in 2Q 2021). Revenue: NT$8.46b (up 33% from 2Q 2021). Net income: NT$1.46b (up 101% from 2Q 2021). Profit margin: 17% (up from 11% in 2Q 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 18%. Over the next year, revenue is forecast to grow 11%, compared to a 8.6% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$66.70, 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 488% over the past three years.
Upcoming Dividend • Jun 20Upcoming dividend of NT$2.20 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.2%). Lower than average of industry peers (4.5%).
