View Past PerformanceAboCom Systems バランスシートの健全性財務の健全性 基準チェック /36AboCom Systemsの総株主資本はNT$751.5M 、総負債はNT$679.7Mで、負債比率は90.4%となります。総資産と総負債はそれぞれNT$1.7BとNT$942.7Mです。主要情報90.44%負債資本比率NT$679.69m負債インタレスト・カバレッジ・レシオn/a現金NT$346.91mエクイティNT$751.53m負債合計NT$942.70m総資産NT$1.69b財務の健全性に関する最新情報分析記事 • Sep 12Is AboCom Systems (TWSE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • May 13AboCom Systems (TWSE:2444) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Apr 26We Think AboCom Systems (TPE:2444) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jan 10Is AboCom Systems (TPE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updatesNew Risk • May 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$251m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$251m free cash flow). Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.31b market cap, or US$41.3m).お知らせ • Mar 04AboCom Systems, Inc., Annual General Meeting, May 20, 2026AboCom Systems, Inc., Annual General Meeting, May 20, 2026, at 10:00 Taipei Standard Time. Location: b1 floor no,77, you yih rd., jhunan township, miaoli county TaiwanNew Risk • Jan 22New 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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$1.52b market cap, or US$48.1m).Reported Earnings • Nov 16Third quarter 2025 earnings released: NT$0.46 loss per share (vs NT$0.30 loss in 3Q 2024)Third quarter 2025 results: NT$0.46 loss per share (further deteriorated from NT$0.30 loss in 3Q 2024). Revenue: NT$273.0m (down 25% from 3Q 2024). Net loss: NT$46.9m (loss widened 52% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.90 loss per share (vs NT$0.17 loss in 2Q 2024)Second quarter 2025 results: NT$0.90 loss per share (further deteriorated from NT$0.17 loss in 2Q 2024). Revenue: NT$306.8m (down 5.6% from 2Q 2024). Net loss: NT$92.0m (loss widened 428% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.072 profit in 1Q 2024)First quarter 2025 results: NT$0.18 loss per share (down from NT$0.072 profit in 1Q 2024). Revenue: NT$293.6m (down 5.6% from 1Q 2024). Net loss: NT$17.9m (down 344% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.お知らせ • Apr 30AboCom Systems, Inc. to Report Q1, 2025 Results on May 14, 2025AboCom Systems, Inc. announced that they will report Q1, 2025 results on May 14, 2025Buy Or Sell Opportunity • Mar 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$15.00. The fair value is estimated to be NT$18.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Mar 11AboCom Systems, Inc., Annual General Meeting, Jun 03, 2025AboCom Systems, Inc., Annual General Meeting, Jun 03, 2025, at 10:00 Taipei Standard Time. Location: b1 floor no,77, you yih rd., jhunan township, miaoli county Taiwanお知らせ • Feb 25AboCom Systems, Inc. to Report Q4, 2024 Results on Mar 07, 2025AboCom Systems, Inc. announced that they will report Q4, 2024 results on Mar 07, 2025お知らせ • Nov 14AboCom Systems, Inc. Closes Electronic Application Services DepartmentAboCom Systems, Inc. has announced the Board of Directors' resolution to close its Electronic Application Services Department. Countermeasures: Some employees of the abolished department will remain according to needs, while the rest will have their employment contracts terminated in accordance with the Labor Standards Act and relevant laws and regulations. The termination will be reported to the competent authority and handled according to the Employment Services Act. Date of occurrence of the event: November 13, 2024.New Risk • Nov 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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$49.0m).分析記事 • Nov 11AboCom Systems, Inc. (TWSE:2444) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 1x AboCom Systems, Inc. ( TWSE:2444 ) may be sending bullish signals at the...お知らせ • Nov 05AboCom Systems, Inc. to Report Q3, 2024 Results on Nov 13, 2024AboCom Systems, Inc. announced that they will report Q3, 2024 results on Nov 13, 2024分析記事 • Sep 12Is AboCom Systems (TWSE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.42 loss in 2Q 2023)Second quarter 2024 results: NT$0.17 loss per share (improved from NT$0.42 loss in 2Q 2023). Revenue: NT$325.1m (down 18% from 2Q 2023). Net loss: NT$17.4m (loss narrowed 59% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Aug 02AboCom Systems, Inc. to Report Q2, 2024 Results on Aug 09, 2024AboCom Systems, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024分析記事 • Jul 05AboCom Systems, Inc.'s (TWSE:2444) Price Is Right But Growth Is LackingAboCom Systems, Inc.'s ( TWSE:2444 ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...分析記事 • May 13AboCom Systems (TWSE:2444) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 21Full year 2023 earnings released: NT$0.16 loss per share (vs NT$1.18 profit in FY 2022)Full year 2023 results: NT$0.16 loss per share (down from NT$1.18 profit in FY 2022). Revenue: NT$1.82b (up 1.1% from FY 2022). Net loss: NT$15.9m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Mar 17AboCom Systems, Inc., Annual General Meeting, Jun 13, 2024AboCom Systems, Inc., Annual General Meeting, Jun 13, 2024. Location: No.77, Youyi Rd., Zhunan Township,Miaoli County 350, Taiwan (conference room on the basement floor) Taiwan Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; and to consider other matters.New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (NT$1.39b market cap, or US$44.0m).New Risk • Aug 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.23b market cap, or US$38.5m).New Risk • Jul 11New 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 8.4% 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 (8.4% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.53b market cap, or US$48.8m).Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$15.05, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Communications industry in Taiwan. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$11.90, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$1.18 (vs NT$0.12 in FY 2021)Full year 2022 results: EPS: NT$1.18 (up from NT$0.12 in FY 2021). Revenue: NT$1.80b (up 2.0% from FY 2021). Net income: NT$120.0m (up NT$107.7m from FY 2021). Profit margin: 6.7% (up from 0.7% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 14x in the Communications industry in Taiwan. Total loss to shareholders of 18% over the past three years.Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.11 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.50 (up from NT$0.11 in 3Q 2021). Revenue: NT$404.8m (down 8.1% from 3Q 2021). Net income: NT$50.9m (up 343% from 3Q 2021). Profit margin: 13% (up from 2.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.01 (down from NT$0.06 in 2Q 2021). Revenue: NT$395.6m (up 2.8% from 2Q 2021). Net income: NT$768.0k (down 87% from 2Q 2021). Profit margin: 0.2% (down from 1.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$13.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 29% over the past three years.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.27 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.31 (up from NT$0.27 loss in 1Q 2021). Revenue: NT$425.0m (down 4.3% from 1Q 2021). Net income: NT$31.1m (up NT$58.2m from 1Q 2021). Profit margin: 7.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.12 (vs NT$0.93 loss in FY 2020)Full year 2021 results: EPS: NT$0.12 (up from NT$0.93 loss in FY 2020). Revenue: NT$1.77b (flat on FY 2020). Net income: NT$12.2m (up NT$107.0m from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$440.5m (down 12% from 3Q 2020). Net income: NT$11.5m (down 5.6% from 3Q 2020). Profit margin: 2.6% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$1.08 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$384.9m (up 11% from 2Q 2020). Net income: NT$6.09m (up NT$115.6m from 2Q 2020). Profit margin: 1.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.分析記事 • Apr 26We Think AboCom Systems (TPE:2444) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Mar 31Full year 2020 earnings released: NT$0.93 loss per share (vs NT$0.26 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$1.77b (up 13% from FY 2019). Net loss: NT$94.8m (loss widened 256% from FY 2019). 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 20% per year, which means it has not declined as severely as earnings.分析記事 • Mar 04A Look At AboCom Systems' (TPE:2444) Share Price ReturnsAboCom Systems, Inc. ( TPE:2444 ) shareholders should be happy to see the share price up 11% in the last month. But...Is New 90 Day High Low • Jan 12New 90-day high: NT$16.65The company is up 9.0% from its price of NT$15.25 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 24% over the same period.分析記事 • Jan 10Is AboCom Systems (TPE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.12The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$497.9m (up 10% from 3Q 2019). Net income: NT$12.2m (down 24% from 3Q 2019). Profit margin: 2.4% (down from 3.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 16New 90-day high: NT$15.50The company is up 4.0% from its price of NT$14.95 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 1.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: NT$13.80The company is down 8.0% from its price of NT$15.00 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period.財務状況分析短期負債: 2444の 短期資産 ( NT$910.0M ) が 短期負債 ( NT$460.1M ) を超えています。長期負債: 2444の短期資産 ( NT$910.0M ) が 長期負債 ( NT$482.6M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 2444の 純負債対資本比率 ( 44.3% ) は 高い と見なされます。負債の削減: 2444の負債対資本比率は、過去 5 年間で63.9%から90.4%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 2444は、現在の フリーキャッシュフロー に基づき、1 年以上にわたって十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: フリーキャッシュフローが毎年23.1 % の歴史的率で成長し続ける場合、 2444のキャッシュランウェイは 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 00:47終値2026/05/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AboCom Systems, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Sep 12Is AboCom Systems (TWSE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 13AboCom Systems (TWSE:2444) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Apr 26We Think AboCom Systems (TPE:2444) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jan 10Is AboCom Systems (TPE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • May 21New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$251m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$251m free cash flow). Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.31b market cap, or US$41.3m).
お知らせ • Mar 04AboCom Systems, Inc., Annual General Meeting, May 20, 2026AboCom Systems, Inc., Annual General Meeting, May 20, 2026, at 10:00 Taipei Standard Time. Location: b1 floor no,77, you yih rd., jhunan township, miaoli county Taiwan
New Risk • Jan 22New 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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$1.52b market cap, or US$48.1m).
Reported Earnings • Nov 16Third quarter 2025 earnings released: NT$0.46 loss per share (vs NT$0.30 loss in 3Q 2024)Third quarter 2025 results: NT$0.46 loss per share (further deteriorated from NT$0.30 loss in 3Q 2024). Revenue: NT$273.0m (down 25% from 3Q 2024). Net loss: NT$46.9m (loss widened 52% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2025 earnings released: NT$0.90 loss per share (vs NT$0.17 loss in 2Q 2024)Second quarter 2025 results: NT$0.90 loss per share (further deteriorated from NT$0.17 loss in 2Q 2024). Revenue: NT$306.8m (down 5.6% from 2Q 2024). Net loss: NT$92.0m (loss widened 428% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.072 profit in 1Q 2024)First quarter 2025 results: NT$0.18 loss per share (down from NT$0.072 profit in 1Q 2024). Revenue: NT$293.6m (down 5.6% from 1Q 2024). Net loss: NT$17.9m (down 344% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 30AboCom Systems, Inc. to Report Q1, 2025 Results on May 14, 2025AboCom Systems, Inc. announced that they will report Q1, 2025 results on May 14, 2025
Buy Or Sell Opportunity • Mar 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$15.00. The fair value is estimated to be NT$18.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Mar 11AboCom Systems, Inc., Annual General Meeting, Jun 03, 2025AboCom Systems, Inc., Annual General Meeting, Jun 03, 2025, at 10:00 Taipei Standard Time. Location: b1 floor no,77, you yih rd., jhunan township, miaoli county Taiwan
お知らせ • Feb 25AboCom Systems, Inc. to Report Q4, 2024 Results on Mar 07, 2025AboCom Systems, Inc. announced that they will report Q4, 2024 results on Mar 07, 2025
お知らせ • Nov 14AboCom Systems, Inc. Closes Electronic Application Services DepartmentAboCom Systems, Inc. has announced the Board of Directors' resolution to close its Electronic Application Services Department. Countermeasures: Some employees of the abolished department will remain according to needs, while the rest will have their employment contracts terminated in accordance with the Labor Standards Act and relevant laws and regulations. The termination will be reported to the competent authority and handled according to the Employment Services Act. Date of occurrence of the event: November 13, 2024.
New Risk • Nov 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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$1.59b market cap, or US$49.0m).
分析記事 • Nov 11AboCom Systems, Inc. (TWSE:2444) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-sales (or "P/S") ratio of 1x AboCom Systems, Inc. ( TWSE:2444 ) may be sending bullish signals at the...
お知らせ • Nov 05AboCom Systems, Inc. to Report Q3, 2024 Results on Nov 13, 2024AboCom Systems, Inc. announced that they will report Q3, 2024 results on Nov 13, 2024
分析記事 • Sep 12Is AboCom Systems (TWSE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.42 loss in 2Q 2023)Second quarter 2024 results: NT$0.17 loss per share (improved from NT$0.42 loss in 2Q 2023). Revenue: NT$325.1m (down 18% from 2Q 2023). Net loss: NT$17.4m (loss narrowed 59% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Aug 02AboCom Systems, Inc. to Report Q2, 2024 Results on Aug 09, 2024AboCom Systems, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024
分析記事 • Jul 05AboCom Systems, Inc.'s (TWSE:2444) Price Is Right But Growth Is LackingAboCom Systems, Inc.'s ( TWSE:2444 ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now...
分析記事 • May 13AboCom Systems (TWSE:2444) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 21Full year 2023 earnings released: NT$0.16 loss per share (vs NT$1.18 profit in FY 2022)Full year 2023 results: NT$0.16 loss per share (down from NT$1.18 profit in FY 2022). Revenue: NT$1.82b (up 1.1% from FY 2022). Net loss: NT$15.9m (down 113% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Mar 17AboCom Systems, Inc., Annual General Meeting, Jun 13, 2024AboCom Systems, Inc., Annual General Meeting, Jun 13, 2024. Location: No.77, Youyi Rd., Zhunan Township,Miaoli County 350, Taiwan (conference room on the basement floor) Taiwan Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; and to consider other matters.
New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (NT$1.39b market cap, or US$44.0m).
New Risk • Aug 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.23b market cap, or US$38.5m).
New Risk • Jul 11New 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 8.4% 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 (8.4% average weekly change). Minor Risk Market cap is less than US$100m (NT$1.53b market cap, or US$48.8m).
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$15.05, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 21x in the Communications industry in Taiwan. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$11.90, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$1.18 (vs NT$0.12 in FY 2021)Full year 2022 results: EPS: NT$1.18 (up from NT$0.12 in FY 2021). Revenue: NT$1.80b (up 2.0% from FY 2021). Net income: NT$120.0m (up NT$107.7m from FY 2021). Profit margin: 6.7% (up from 0.7% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$17.80, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 14x in the Communications industry in Taiwan. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.50 (vs NT$0.11 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.50 (up from NT$0.11 in 3Q 2021). Revenue: NT$404.8m (down 8.1% from 3Q 2021). Net income: NT$50.9m (up 343% from 3Q 2021). Profit margin: 13% (up from 2.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.01 (down from NT$0.06 in 2Q 2021). Revenue: NT$395.6m (up 2.8% from 2Q 2021). Net income: NT$768.0k (down 87% from 2Q 2021). Profit margin: 0.2% (down from 1.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$13.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 29% over the past three years.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.31 (vs NT$0.27 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.31 (up from NT$0.27 loss in 1Q 2021). Revenue: NT$425.0m (down 4.3% from 1Q 2021). Net income: NT$31.1m (up NT$58.2m from 1Q 2021). Profit margin: 7.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.12 (vs NT$0.93 loss in FY 2020)Full year 2021 results: EPS: NT$0.12 (up from NT$0.93 loss in FY 2020). Revenue: NT$1.77b (flat on FY 2020). Net income: NT$12.2m (up NT$107.0m from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.12 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$440.5m (down 12% from 3Q 2020). Net income: NT$11.5m (down 5.6% from 3Q 2020). Profit margin: 2.6% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$1.08 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$384.9m (up 11% from 2Q 2020). Net income: NT$6.09m (up NT$115.6m from 2Q 2020). Profit margin: 1.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
分析記事 • Apr 26We Think AboCom Systems (TPE:2444) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Mar 31Full year 2020 earnings released: NT$0.93 loss per share (vs NT$0.26 loss in FY 2019)The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$1.77b (up 13% from FY 2019). Net loss: NT$94.8m (loss widened 256% from FY 2019). 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 20% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 04A Look At AboCom Systems' (TPE:2444) Share Price ReturnsAboCom Systems, Inc. ( TPE:2444 ) shareholders should be happy to see the share price up 11% in the last month. But...
Is New 90 Day High Low • Jan 12New 90-day high: NT$16.65The company is up 9.0% from its price of NT$15.25 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 24% over the same period.
分析記事 • Jan 10Is AboCom Systems (TPE:2444) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.12The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$497.9m (up 10% from 3Q 2019). Net income: NT$12.2m (down 24% from 3Q 2019). Profit margin: 2.4% (down from 3.5% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 16New 90-day high: NT$15.50The company is up 4.0% from its price of NT$14.95 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: NT$13.80The company is down 8.0% from its price of NT$15.00 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period.