View Past PerformanceLeadtek Research バランスシートの健全性財務の健全性 基準チェック /56Leadtek Researchの総株主資本はNT$1.2B 、総負債はNT$125.7Mで、負債比率は10.4%となります。総資産と総負債はそれぞれNT$1.9BとNT$697.7Mです。 Leadtek Researchの EBIT はNT$150.1Mで、利息カバレッジ比率18.3です。現金および短期投資はNT$319.5Mです。主要情報10.44%負債資本比率NT$125.73m負債インタレスト・カバレッジ・レシオ18.3x現金NT$319.53mエクイティNT$1.20b負債合計NT$697.72m総資産NT$1.90b財務の健全性に関する最新情報分析記事 • Mar 05Leadtek Research (TWSE:2465) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Jul 29Is Leadtek Research (TWSE:2465) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Apr 25We Think Leadtek Research (TWSE:2465) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 24Does Leadtek Research (TPE:2465) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesBoard Change • 10hHigh number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Liou Shao-Kai was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$87.20, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 123% over the past three years.New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 63% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (63% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.38 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.38 in 1Q 2025). Revenue: NT$1.57b (up 97% from 1Q 2025). Net income: NT$107.8m (up 241% from 1Q 2025). Profit margin: 6.9% (up from 4.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.New Risk • May 04New 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 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results.New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.56 (vs NT$5.26 loss in FY 2024)Full year 2025 results: EPS: NT$0.56 (up from NT$5.26 loss in FY 2024). Revenue: NT$4.44b (up 3.3% from FY 2024). Net income: NT$47.5m (up NT$488.7m from FY 2024). Profit margin: 1.1% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 10Leadtek Research Inc., Annual General Meeting, Jun 03, 2026Leadtek Research Inc., Annual General Meeting, Jun 03, 2026. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city TaiwanNew Risk • Nov 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 8.6% 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). Earnings have declined by 52% per year over the past 5 years.Reported Earnings • Nov 17Third quarter 2025 earnings released: NT$0.43 loss per share (vs NT$1.12 loss in 3Q 2024)Third quarter 2025 results: NT$0.43 loss per share (improved from NT$1.12 loss in 3Q 2024). Revenue: NT$1.95b (up 94% from 3Q 2024). Net loss: NT$36.2m (loss narrowed 62% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Oct 08New 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 6.9% 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 54% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.27 (vs NT$1.59 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.27 (up from NT$1.59 loss in 2Q 2024). Revenue: NT$758.1m (up 5.4% from 2Q 2024). Net income: NT$23.0m (up NT$156.0m from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.New Risk • May 13New 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 10% 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 (10% average weekly change). Earnings have declined by 53% per year over the past 5 years.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.24 (vs NT$1.00 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.24 (up from NT$1.00 loss in 1Q 2024). Revenue: NT$820.3m (down 13% from 1Q 2024). Net income: NT$20.5m (up NT$104.5m from 1Q 2024). Profit margin: 2.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.お知らせ • May 03Leadtek Research Inc. to Report Q1, 2025 Results on May 12, 2025Leadtek Research Inc. announced that they will report Q1, 2025 results on May 12, 2025お知らせ • Apr 01Leadtek Research Inc. Announces the Resignation of Kun Shan Lu as Chief Strategy Officer, Effective from April 1, 2025Leadtek Research Inc. announced the change of Chief Strategy Officer. Name, title, and resume of the previous position holder is Kun Shan Lu/Chairperson of LEADTEK RESEARCH INC. Effective date is April 1, 2025.分析記事 • Mar 28Some Leadtek Research Inc. (TWSE:2465) Shareholders Look For Exit As Shares Take 26% PoundingLeadtek Research Inc. ( TWSE:2465 ) shareholders won't be pleased to see that the share price has had a very rough...Reported Earnings • Mar 09Full year 2024 earnings released: NT$5.26 loss per share (vs NT$2.53 loss in FY 2023)Full year 2024 results: NT$5.26 loss per share (further deteriorated from NT$2.53 loss in FY 2023). Revenue: NT$4.30b (flat on FY 2023). Net loss: NT$441.2m (loss widened 176% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.お知らせ • Mar 06Leadtek Research Inc., Annual General Meeting, May 23, 2025Leadtek Research Inc., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city Taiwan分析記事 • Mar 05Leadtek Research (TWSE:2465) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...お知らせ • Mar 01Leadtek Research Inc. Announces Resignation of May Huang as Chief Internal AuditorLeadtek Research Inc. announced the resignation of May Huang as Chief Internal Auditor. Date of occurrence of the change is 27 February 2025. The new chief internal auditor will be announced after approval by the Board of Directors in the future. Effective date is 27 February 2025.お知らせ • Feb 22Leadtek Research Inc. to Report Fiscal Year 2024 Results on Mar 03, 2025Leadtek Research Inc. announced that they will report fiscal year 2024 results on Mar 03, 2025お知らせ • Feb 21Leadtek Research Inc. Announces Resignations of Independent DirectorsLeadtek Research Inc. announced the change of Independent Directors. Date of occurrence of the change: February 20, 2025. Elected or changed position: Independent Director. Title and name of the previous position holder: Independent Director/Jeff Liu Independent Director/Liu Ru Ji Independent Director/Shen An Shi. Resume of the previous position holder: Independent Director/Jeff Liu/Director of Real Great Food International Company Independent Director/Liu Ru Ji Deputy Superintendent of Ministry of Health and Welfare Shuang-Ho Hospital Independent Director/Shen An Shi President of IBM TAIWAN. Title and name of the new position holder: NA. Resume of the new position holder:NA. Circumstances of change: Resignation. Reason for the change: Resignation. The effective resignation date is May 22, 2025.分析記事 • Jan 13Leadtek Research Inc.'s (TWSE:2465) Shares May Have Run Too Fast Too SoonWith a median price-to-sales (or "P/S") ratio of close to 1.6x in the Tech industry in Taiwan, you could be forgiven...New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding).New Risk • Nov 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$499m free cash flow). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding).Reported Earnings • Nov 06Third quarter 2024 earnings released: NT$1.12 loss per share (vs NT$0.58 loss in 3Q 2023)Third quarter 2024 results: NT$1.12 loss per share (further deteriorated from NT$0.58 loss in 3Q 2023). Revenue: NT$1.01b (up 4.4% from 3Q 2023). Net loss: NT$94.1m (loss widened 175% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.お知らせ • Oct 26Leadtek Research Inc. to Report Q3, 2024 Results on Nov 04, 2024Leadtek Research Inc. announced that they will report Q3, 2024 results on Nov 04, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$1.59 loss per share (vs NT$0.97 loss in 2Q 2023)Second quarter 2024 results: NT$1.59 loss per share (further deteriorated from NT$0.97 loss in 2Q 2023). Revenue: NT$719.4m (down 12% from 2Q 2023). Net loss: NT$133.0m (loss widened 133% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.分析記事 • Aug 06Some Leadtek Research Inc. (TWSE:2465) Shareholders Look For Exit As Shares Take 28% PoundingLeadtek Research Inc. ( TWSE:2465 ) shareholders that were waiting for something to happen have been dealt a blow with...お知らせ • Aug 03Leadtek Research Inc. to Report Q2, 2024 Results on Aug 12, 2024Leadtek Research Inc. announced that they will report Q2, 2024 results on Aug 12, 2024分析記事 • Jul 29Is Leadtek Research (TWSE:2465) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 19First quarter 2024 earnings released: NT$1.00 loss per share (vs NT$1.17 loss in 1Q 2023)First quarter 2024 results: NT$1.00 loss per share. Revenue: NT$939.8m (up 21% from 1Q 2023). Net loss: NT$84.0m (loss widened 22% from 1Q 2023).分析記事 • Apr 25We Think Leadtek Research (TWSE:2465) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Feb 28Full year 2023 earnings released: NT$2.53 loss per share (vs NT$3.32 loss in FY 2022)Full year 2023 results: NT$2.53 loss per share (improved from NT$3.32 loss in FY 2022). Revenue: NT$4.28b (down 20% from FY 2022). Net loss: NT$159.7m (loss narrowed 18% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance.分析記事 • Feb 28Leadtek Research Inc.'s (TWSE:2465) Shares Climb 99% But Its Business Is Yet to Catch UpLeadtek Research Inc. ( TWSE:2465 ) shares have continued their recent momentum with a 99% gain in the last month...お知らせ • Feb 27Leadtek Research Inc., Annual General Meeting, Jun 12, 2024Leadtek Research Inc., Annual General Meeting, Jun 12, 2024. Location: B2, No. 726,Zhongzheng Rd.,Zhonghe Dist New Tapei City Taiwan Agenda: To consider and approve 2023 Business Report; to consider and approve 2023 Audit Report of Audit Committee; to consider 2023 Private Placement; to discus about Improvement Plan for Overdue Lending; and to discuss other matters.Buy Or Sell Opportunity • Feb 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 130% to NT$125. The fair value is estimated to be NT$103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 73%.New Risk • Feb 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding).New Risk • Nov 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 42% 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: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (42% increase in shares outstanding).New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 2.3% per year over the past 5 years.New Risk • Oct 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.02b market cap, or US$94.0m).Reported Earnings • Aug 04Second quarter 2023 earnings released: NT$0.97 loss per share (vs NT$1.13 loss in 2Q 2022)Second quarter 2023 results: NT$0.97 loss per share (improved from NT$1.13 loss in 2Q 2022). Revenue: NT$814.6m (down 26% from 2Q 2022). Net loss: NT$57.1m (loss narrowed 14% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 185% Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (NT$2.26b market cap, or US$72.5m).Reported Earnings • Mar 18Full year 2022 earnings released: NT$3.32 loss per share (vs NT$7.38 profit in FY 2021)Full year 2022 results: NT$3.32 loss per share (down from NT$7.38 profit in FY 2021). Revenue: NT$5.31b (down 40% from FY 2021). Net loss: NT$195.8m (down 145% from profit in FY 2021). 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 94% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Director Ke Qi Liu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 16Third quarter 2022 earnings released: NT$1.09 loss per share (vs NT$1.49 profit in 3Q 2021)Third quarter 2022 results: NT$1.09 loss per share (down from NT$1.49 profit in 3Q 2021). Revenue: NT$1.62b (down 27% from 3Q 2021). Net loss: NT$64.1m (down 173% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: NT$1.09 loss per share (vs NT$1.49 profit in 3Q 2021)Third quarter 2022 results: NT$1.09 loss per share (down from NT$1.49 profit in 3Q 2021). Revenue: NT$1.62b (down 27% from 3Q 2021). Net loss: NT$64.1m (down 173% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 205% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$24.45, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 144% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$29.40, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 190% over the past three years.Upcoming Dividend • Aug 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 20 October 2022. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.4%).Reported Earnings • Aug 02Second quarter 2022 earnings released: NT$1.25 loss per share (vs NT$3.74 profit in 2Q 2021)Second quarter 2022 results: NT$1.25 loss per share (down from NT$3.74 profit in 2Q 2021). Revenue: NT$1.10b (down 62% from 2Q 2021). Net loss: NT$66.7m (down 133% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 189% over the past three years.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$37.10, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 175% over the past three years.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.47 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$0.47 (down from NT$1.25 in 1Q 2021). Revenue: NT$1.51b (down 7.8% from 1Q 2021). Net income: NT$25.0m (down 63% from 1Q 2021). Profit margin: 1.7% (down from 4.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$56.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 368% over the past three years.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$74.60, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 543% over the past three years.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 620% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.64 (vs NT$0.11 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.23b (up 89% from 3Q 2020). Net income: NT$87.9m (up NT$93.9m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$67.60, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 509% over the past three years.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$62.70, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 327% over the past three years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$3.74 (vs NT$0.25 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.86b (up 168% from 2Q 2020). Net income: NT$200.3m (up NT$186.9m from 2Q 2020). Profit margin: 7.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$69.70, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 262% over the past three years.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$67.60, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 251% over the past three years.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$89.30, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 364% over the past three years.Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$51.50, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 127% over the past three years.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.25 (vs NT$0.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.64b (up 112% from 1Q 2020). Net income: NT$66.9m (up NT$78.7m from 1Q 2020). Profit margin: 4.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$0.50 (vs NT$0.36 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.55b (up 25% from FY 2019). Net income: NT$26.8m (up NT$46.1m from FY 2019). Profit margin: 0.6% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.分析記事 • Feb 24Does Leadtek Research (TPE:2465) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Is New 90 Day High Low • Feb 23New 90-day high: NT$26.45The company is up 30% from its price of NT$20.30 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 11% over the same period.分析記事 • Jan 02Does Leadtek Research (TPE:2465) Have The Makings Of A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Dec 18New 90-day high: NT$22.00The company is up 66% from its price of NT$13.25 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 2.0% over the same period.Is New 90 Day High Low • Nov 18New 90-day high: NT$19.25The company is up 33% from its price of NT$14.50 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 4.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.11 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.18b (up 25% from 3Q 2019). Net loss: NT$6.05m (down 197% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 22New 90-day high: NT$16.85The company is up 52% from its price of NT$11.10 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 5.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day high: NT$16.00The company is up 72% from its price of NT$9.29 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 3.0% over the same period.財務状況分析短期負債: 2465の 短期資産 ( NT$1.6B ) が 短期負債 ( NT$638.9M ) を超えています。長期負債: 2465の短期資産 ( NT$1.6B ) が 長期負債 ( NT$58.8M ) 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: 2465総負債よりも多くの現金を保有しています。負債の削減: 2465の負債対資本比率は、過去 5 年間で116.8%から10.4%に減少しました。債務返済能力: 2465の 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: 2465の負債に対する 利息支払い は EBIT ( 18.3 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/06 18:55終値2026/07/06 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Leadtek Research 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 • Mar 05Leadtek Research (TWSE:2465) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Jul 29Is Leadtek Research (TWSE:2465) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Apr 25We Think Leadtek Research (TWSE:2465) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 24Does Leadtek Research (TPE:2465) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Board Change • 10hHigh number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Liou Shao-Kai was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$87.20, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 123% over the past three years.
New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 63% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (63% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Reported Earnings • May 12First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.38 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.38 in 1Q 2025). Revenue: NT$1.57b (up 97% from 1Q 2025). Net income: NT$107.8m (up 241% from 1Q 2025). Profit margin: 6.9% (up from 4.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
New Risk • May 04New 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 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results.
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.56 (vs NT$5.26 loss in FY 2024)Full year 2025 results: EPS: NT$0.56 (up from NT$5.26 loss in FY 2024). Revenue: NT$4.44b (up 3.3% from FY 2024). Net income: NT$47.5m (up NT$488.7m from FY 2024). Profit margin: 1.1% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 10Leadtek Research Inc., Annual General Meeting, Jun 03, 2026Leadtek Research Inc., Annual General Meeting, Jun 03, 2026. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city Taiwan
New Risk • Nov 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 8.6% 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). Earnings have declined by 52% per year over the past 5 years.
Reported Earnings • Nov 17Third quarter 2025 earnings released: NT$0.43 loss per share (vs NT$1.12 loss in 3Q 2024)Third quarter 2025 results: NT$0.43 loss per share (improved from NT$1.12 loss in 3Q 2024). Revenue: NT$1.95b (up 94% from 3Q 2024). Net loss: NT$36.2m (loss narrowed 62% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Oct 08New 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 6.9% 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 54% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.27 (vs NT$1.59 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$0.27 (up from NT$1.59 loss in 2Q 2024). Revenue: NT$758.1m (up 5.4% from 2Q 2024). Net income: NT$23.0m (up NT$156.0m from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
New Risk • May 13New 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 10% 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 (10% average weekly change). Earnings have declined by 53% per year over the past 5 years.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.24 (vs NT$1.00 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.24 (up from NT$1.00 loss in 1Q 2024). Revenue: NT$820.3m (down 13% from 1Q 2024). Net income: NT$20.5m (up NT$104.5m from 1Q 2024). Profit margin: 2.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
お知らせ • May 03Leadtek Research Inc. to Report Q1, 2025 Results on May 12, 2025Leadtek Research Inc. announced that they will report Q1, 2025 results on May 12, 2025
お知らせ • Apr 01Leadtek Research Inc. Announces the Resignation of Kun Shan Lu as Chief Strategy Officer, Effective from April 1, 2025Leadtek Research Inc. announced the change of Chief Strategy Officer. Name, title, and resume of the previous position holder is Kun Shan Lu/Chairperson of LEADTEK RESEARCH INC. Effective date is April 1, 2025.
分析記事 • Mar 28Some Leadtek Research Inc. (TWSE:2465) Shareholders Look For Exit As Shares Take 26% PoundingLeadtek Research Inc. ( TWSE:2465 ) shareholders won't be pleased to see that the share price has had a very rough...
Reported Earnings • Mar 09Full year 2024 earnings released: NT$5.26 loss per share (vs NT$2.53 loss in FY 2023)Full year 2024 results: NT$5.26 loss per share (further deteriorated from NT$2.53 loss in FY 2023). Revenue: NT$4.30b (flat on FY 2023). Net loss: NT$441.2m (loss widened 176% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 06Leadtek Research Inc., Annual General Meeting, May 23, 2025Leadtek Research Inc., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: b2 floor building. a no,726, chung cheng rd., jhonghe district, new taipei city Taiwan
分析記事 • Mar 05Leadtek Research (TWSE:2465) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
お知らせ • Mar 01Leadtek Research Inc. Announces Resignation of May Huang as Chief Internal AuditorLeadtek Research Inc. announced the resignation of May Huang as Chief Internal Auditor. Date of occurrence of the change is 27 February 2025. The new chief internal auditor will be announced after approval by the Board of Directors in the future. Effective date is 27 February 2025.
お知らせ • Feb 22Leadtek Research Inc. to Report Fiscal Year 2024 Results on Mar 03, 2025Leadtek Research Inc. announced that they will report fiscal year 2024 results on Mar 03, 2025
お知らせ • Feb 21Leadtek Research Inc. Announces Resignations of Independent DirectorsLeadtek Research Inc. announced the change of Independent Directors. Date of occurrence of the change: February 20, 2025. Elected or changed position: Independent Director. Title and name of the previous position holder: Independent Director/Jeff Liu Independent Director/Liu Ru Ji Independent Director/Shen An Shi. Resume of the previous position holder: Independent Director/Jeff Liu/Director of Real Great Food International Company Independent Director/Liu Ru Ji Deputy Superintendent of Ministry of Health and Welfare Shuang-Ho Hospital Independent Director/Shen An Shi President of IBM TAIWAN. Title and name of the new position holder: NA. Resume of the new position holder:NA. Circumstances of change: Resignation. Reason for the change: Resignation. The effective resignation date is May 22, 2025.
分析記事 • Jan 13Leadtek Research Inc.'s (TWSE:2465) Shares May Have Run Too Fast Too SoonWith a median price-to-sales (or "P/S") ratio of close to 1.6x in the Tech industry in Taiwan, you could be forgiven...
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding).
New Risk • Nov 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$499m free cash flow). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding).
Reported Earnings • Nov 06Third quarter 2024 earnings released: NT$1.12 loss per share (vs NT$0.58 loss in 3Q 2023)Third quarter 2024 results: NT$1.12 loss per share (further deteriorated from NT$0.58 loss in 3Q 2023). Revenue: NT$1.01b (up 4.4% from 3Q 2023). Net loss: NT$94.1m (loss widened 175% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 26Leadtek Research Inc. to Report Q3, 2024 Results on Nov 04, 2024Leadtek Research Inc. announced that they will report Q3, 2024 results on Nov 04, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$1.59 loss per share (vs NT$0.97 loss in 2Q 2023)Second quarter 2024 results: NT$1.59 loss per share (further deteriorated from NT$0.97 loss in 2Q 2023). Revenue: NT$719.4m (down 12% from 2Q 2023). Net loss: NT$133.0m (loss widened 133% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 06Some Leadtek Research Inc. (TWSE:2465) Shareholders Look For Exit As Shares Take 28% PoundingLeadtek Research Inc. ( TWSE:2465 ) shareholders that were waiting for something to happen have been dealt a blow with...
お知らせ • Aug 03Leadtek Research Inc. to Report Q2, 2024 Results on Aug 12, 2024Leadtek Research Inc. announced that they will report Q2, 2024 results on Aug 12, 2024
分析記事 • Jul 29Is Leadtek Research (TWSE:2465) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 19First quarter 2024 earnings released: NT$1.00 loss per share (vs NT$1.17 loss in 1Q 2023)First quarter 2024 results: NT$1.00 loss per share. Revenue: NT$939.8m (up 21% from 1Q 2023). Net loss: NT$84.0m (loss widened 22% from 1Q 2023).
分析記事 • Apr 25We Think Leadtek Research (TWSE:2465) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Feb 28Full year 2023 earnings released: NT$2.53 loss per share (vs NT$3.32 loss in FY 2022)Full year 2023 results: NT$2.53 loss per share (improved from NT$3.32 loss in FY 2022). Revenue: NT$4.28b (down 20% from FY 2022). Net loss: NT$159.7m (loss narrowed 18% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 28Leadtek Research Inc.'s (TWSE:2465) Shares Climb 99% But Its Business Is Yet to Catch UpLeadtek Research Inc. ( TWSE:2465 ) shares have continued their recent momentum with a 99% gain in the last month...
お知らせ • Feb 27Leadtek Research Inc., Annual General Meeting, Jun 12, 2024Leadtek Research Inc., Annual General Meeting, Jun 12, 2024. Location: B2, No. 726,Zhongzheng Rd.,Zhonghe Dist New Tapei City Taiwan Agenda: To consider and approve 2023 Business Report; to consider and approve 2023 Audit Report of Audit Committee; to consider 2023 Private Placement; to discus about Improvement Plan for Overdue Lending; and to discuss other matters.
Buy Or Sell Opportunity • Feb 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 130% to NT$125. The fair value is estimated to be NT$103, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 73%.
New Risk • Feb 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding).
New Risk • Nov 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 42% 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: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (42% increase in shares outstanding).
New Risk • Nov 18New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 2.3% per year over the past 5 years.
New Risk • Oct 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.02b market cap, or US$94.0m).
Reported Earnings • Aug 04Second quarter 2023 earnings released: NT$0.97 loss per share (vs NT$1.13 loss in 2Q 2022)Second quarter 2023 results: NT$0.97 loss per share (improved from NT$1.13 loss in 2Q 2022). Revenue: NT$814.6m (down 26% from 2Q 2022). Net loss: NT$57.1m (loss narrowed 14% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.
New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 185% Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (NT$2.26b market cap, or US$72.5m).
Reported Earnings • Mar 18Full year 2022 earnings released: NT$3.32 loss per share (vs NT$7.38 profit in FY 2021)Full year 2022 results: NT$3.32 loss per share (down from NT$7.38 profit in FY 2021). Revenue: NT$5.31b (down 40% from FY 2021). Net loss: NT$195.8m (down 145% from profit in FY 2021). 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 94% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Director Ke Qi Liu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 16Third quarter 2022 earnings released: NT$1.09 loss per share (vs NT$1.49 profit in 3Q 2021)Third quarter 2022 results: NT$1.09 loss per share (down from NT$1.49 profit in 3Q 2021). Revenue: NT$1.62b (down 27% from 3Q 2021). Net loss: NT$64.1m (down 173% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: NT$1.09 loss per share (vs NT$1.49 profit in 3Q 2021)Third quarter 2022 results: NT$1.09 loss per share (down from NT$1.49 profit in 3Q 2021). Revenue: NT$1.62b (down 27% from 3Q 2021). Net loss: NT$64.1m (down 173% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$29.40, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 205% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$24.45, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 144% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$29.40, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 190% over the past three years.
Upcoming Dividend • Aug 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 20 October 2022. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (7.4%).
Reported Earnings • Aug 02Second quarter 2022 earnings released: NT$1.25 loss per share (vs NT$3.74 profit in 2Q 2021)Second quarter 2022 results: NT$1.25 loss per share (down from NT$3.74 profit in 2Q 2021). Revenue: NT$1.10b (down 62% from 2Q 2021). Net loss: NT$66.7m (down 133% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 189% over the past three years.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$37.10, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 175% over the past three years.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.47 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$0.47 (down from NT$1.25 in 1Q 2021). Revenue: NT$1.51b (down 7.8% from 1Q 2021). Net income: NT$25.0m (down 63% from 1Q 2021). Profit margin: 1.7% (down from 4.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$56.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 368% over the past three years.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$74.60, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 543% over the past three years.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 620% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.64 (vs NT$0.11 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.23b (up 89% from 3Q 2020). Net income: NT$87.9m (up NT$93.9m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$67.60, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 509% over the past three years.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$62.70, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 327% over the past three years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$3.74 (vs NT$0.25 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.86b (up 168% from 2Q 2020). Net income: NT$200.3m (up NT$186.9m from 2Q 2020). Profit margin: 7.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$69.70, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 262% over the past three years.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$67.60, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 251% over the past three years.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$89.30, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 364% over the past three years.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$51.50, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 127% over the past three years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$1.25 (vs NT$0.22 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.64b (up 112% from 1Q 2020). Net income: NT$66.9m (up NT$78.7m from 1Q 2020). Profit margin: 4.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$0.50 (vs NT$0.36 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.55b (up 25% from FY 2019). Net income: NT$26.8m (up NT$46.1m from FY 2019). Profit margin: 0.6% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
分析記事 • Feb 24Does Leadtek Research (TPE:2465) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Is New 90 Day High Low • Feb 23New 90-day high: NT$26.45The company is up 30% from its price of NT$20.30 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 11% over the same period.
分析記事 • Jan 02Does Leadtek Research (TPE:2465) Have The Makings Of A Multi-Bagger?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Dec 18New 90-day high: NT$22.00The company is up 66% from its price of NT$13.25 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Nov 18New 90-day high: NT$19.25The company is up 33% from its price of NT$14.50 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 4.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.11 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.18b (up 25% from 3Q 2019). Net loss: NT$6.05m (down 197% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 22New 90-day high: NT$16.85The company is up 52% from its price of NT$11.10 on 24 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 5.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day high: NT$16.00The company is up 72% from its price of NT$9.29 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 3.0% over the same period.