View Past PerformanceCatcher Technology バランスシートの健全性財務の健全性 基準チェック /46Catcher Technologyの総株主資本はNT$142.6B 、総負債はNT$66.4Bで、負債比率は46.6%となります。総資産と総負債はそれぞれNT$225.5BとNT$83.0Bです。 Catcher Technologyの EBIT はNT$2.5Bで、利息カバレッジ比率-0.4です。現金および短期投資はNT$97.6Bです。主要情報46.59%負債資本比率NT$66.41b負債インタレスト・カバレッジ・レシオ-0.4x現金NT$97.56bエクイティNT$142.56b負債合計NT$82.98b総資産NT$225.54b財務の健全性に関する最新情報分析記事 • Feb 17Catcher Technology (TWSE:2474) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jul 21We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 30Catcher Technology (TPE:2474) Could Easily Take On More 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 • Dec 30Catcher Technology (TPE:2474) Could Easily Take On More DebtSome 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 updatesNew Risk • May 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 106% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (32% net profit margin).Reported Earnings • May 15First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$4.46 in 1Q 2025). Revenue: NT$3.77b (down 13% from 1Q 2025). Net income: NT$1.48b (down 49% from 1Q 2025). Profit margin: 39% (down from 67% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$232, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.Reported Earnings • Mar 08Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$11.33 (down from NT$19.40 in FY 2024). Revenue: NT$18.7b (up 3.2% from FY 2024). Net income: NT$7.15b (down 46% from FY 2024). Profit margin: 38% (down from 73% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year.New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 15% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 80x cash flows per share).お知らせ • Mar 04Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2026Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2026. Location: 2 floor no,1, huo yih rd., west central district, tainan city TaiwanDeclared Dividend • Dec 10Dividend of NT$3.16 announcedShareholders will receive a dividend of NT$3.16. Ex-date: 23rd December 2025 Payment date: 21st January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 126x free cash flows). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$4.62 (vs NT$2.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.62 (up from NT$2.10 in 3Q 2024). Revenue: NT$4.86b (down 5.0% from 3Q 2024). Net income: NT$2.88b (up 102% from 3Q 2024). Profit margin: 59% (up from 28% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 37% Last year net profit margin: 74% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 351% Minor Risk Profit margins are more than 30% lower than last year (37% net profit margin).Reported Earnings • Aug 11Second quarter 2025 earnings released: NT$1.60 loss per share (vs NT$5.05 profit in 2Q 2024)Second quarter 2025 results: NT$1.60 loss per share (down from NT$5.05 profit in 2Q 2024). Revenue: NT$5.08b (up 8.8% from 2Q 2024). Net loss: NT$1.03b (down 130% from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Declared Dividend • Jun 20Dividend of NT$8.33 announcedShareholders will receive a dividend of NT$8.33. Ex-date: 3rd July 2025 Payment date: 31st July 2025 Dividend yield will be 7.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 8.1% to bring the payout ratio under control. However, EPS is expected to decline by 4.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Jun 20Catcher Technology Co., Ltd. Announces Cash Dividend for the 2H24, Payable on July 31, 2025Catcher Technology Co., Ltd. announced Original Amount: TWD 5,193,160,544 (TWD 8.00 per share), Adjusted Amount: TWD 5,193,160,544 (TWD 8.32678869 per share) for the 2H24. Ex-dividend Trading Date 3 July 2025, Last Date Before Book Closure 4 July 2025, Record Date (Ex-dividend)9 July 2025 and Payment Date 31 July 2025.Major Estimate Revision • Jun 19Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.8b. EPS estimate also fell from NT$15.30 per share to NT$12.68 per share. Net income forecast to shrink 25% next year vs 16% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$215 to NT$208. Share price fell 2.3% to NT$209 over the past week.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$4.46 (vs NT$6.73 in 1Q 2024)First quarter 2025 results: EPS: NT$4.46 (down from NT$6.73 in 1Q 2024). Revenue: NT$4.35b (up 19% from 1Q 2024). Net income: NT$2.92b (down 36% from 1Q 2024). Profit margin: 67% (down from 125% in 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01Catcher Technology Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Catcher Technology Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025お知らせ • Apr 17Catcher Technology Co., Ltd. Announces Dividend for the Second Half Ended December 31, 2024Catcher Technology Co., Ltd. announced on April 16, 2025, a dividend of TWD 8 per share for second half ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 5,193,160,544.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$178, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 48% over the past three years.分析記事 • Feb 27Catcher Technology Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextCatcher Technology Co., Ltd. ( TWSE:2474 ) investors will be delighted, with the company turning in some strong numbers...お知らせ • Feb 25Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2025Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,1, huo yih rd., west central district, tainan city TaiwanReported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$19.40 (up from NT$13.33 in FY 2023). Revenue: NT$18.1b (flat on FY 2023). Net income: NT$13.2b (up 44% from FY 2023). Profit margin: 73% (up from 51% in FY 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.分析記事 • Feb 17Catcher Technology (TWSE:2474) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Feb 15Catcher Technology Co., Ltd. to Report Q4, 2024 Results on Feb 24, 2025Catcher Technology Co., Ltd. announced that they will report Q4, 2024 results on Feb 24, 2025分析記事 • Jan 16There Is A Reason Catcher Technology Co., Ltd.'s (TWSE:2474) Price Is UndemandingWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 21x, you may consider...分析記事 • Dec 24The Returns On Capital At Catcher Technology (TWSE:2474) Don't Inspire ConfidenceWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Buy Or Sell Opportunity • Dec 16Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to NT$178. The fair value is estimated to be NT$223, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Upcoming Dividend • Dec 03Upcoming dividend of NT$7.50 per shareEligible shareholders must have bought the stock before 10 December 2024. Payment date: 08 January 2025. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (3.0%).分析記事 • Dec 02Is Catcher Technology Co., Ltd. (TWSE:2474) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights Using the 2 Stage Free Cash Flow to Equity, Catcher Technology fair value estimate is NT$154 Current share...分析記事 • Nov 11Catcher Technology (TWSE:2474) Has Announced That It Will Be Increasing Its Dividend To NT$7.50Catcher Technology Co., Ltd. ( TWSE:2474 ) will increase its dividend from last year's comparable payment on the 8th of...分析記事 • Nov 08Analysts Have Made A Financial Statement On Catcher Technology Co., Ltd.'s (TWSE:2474) Third-Quarter ReportShareholders might have noticed that Catcher Technology Co., Ltd. ( TWSE:2474 ) filed its quarterly result this time...Declared Dividend • Nov 08Dividend of NT$7.50 announcedShareholders will receive a dividend of NT$7.50. Ex-date: 10th December 2024 Payment date: 8th January 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.5% over the next 2 years. However, it would need to fall by 14% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$2.10 (down from NT$6.59 in 3Q 2023). Revenue: NT$5.12b (up 18% from 3Q 2023). Net income: NT$1.43b (down 68% from 3Q 2023). Profit margin: 28% (down from 103% in 3Q 2023). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Oct 30Catcher Technology Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Catcher Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024分析記事 • Aug 28Earnings Working Against Catcher Technology Co., Ltd.'s (TWSE:2474) Share PriceCatcher Technology Co., Ltd.'s ( TWSE:2474 ) price-to-earnings (or "P/E") ratio of 13.6x might make it look like a buy...分析記事 • Aug 11Catcher Technology Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsCatcher Technology Co., Ltd. ( TWSE:2474 ) just released its latest quarterly results and things are looking bullish...Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$5.05 (down from NT$6.59 in 2Q 2023). Revenue: NT$4.67b (down 32% from 2Q 2023). Net income: NT$3.44b (down 23% from 2Q 2023). Profit margin: 74% (up from 65% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Tech industry in Taiwan. 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 8% per year, which means it is well ahead of earnings.分析記事 • Aug 05Catcher Technology Co., Ltd.'s (TWSE:2474) Intrinsic Value Is Potentially 25% Below Its Share PriceKey Insights Using the Dividend Discount Model, Catcher Technology fair value estimate is NT$165 Catcher Technology's...お知らせ • Aug 01Catcher Technology Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Catcher Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024分析記事 • Jul 21We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Jun 30Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).分析記事 • Jun 26Catcher Technology (TWSE:2474) Could Be At Risk Of Shrinking As A CompanyWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...Declared Dividend • Jun 15Dividend of NT$5.00 announcedShareholders will receive a dividend of NT$5.00. Ex-date: 4th July 2024 Payment date: 31st July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range.Major Estimate Revision • May 17Consensus EPS estimates increase by 36%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$19.9b to NT$18.8b. EPS estimate rose from NT$14.87 to NT$20.22. Net income forecast to shrink 1.0% next year vs 26% growth forecast for Tech industry in Taiwan . Consensus price target up from NT$176 to NT$189. Share price was steady at NT$224 over the past week.Price Target Changed • May 14Price target increased by 7.4% to NT$189Up from NT$176, the current price target is an average from 5 analysts. New target price is 18% below last closing price of NT$232. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$20.22 for next year compared to NT$13.33 last year.Reported Earnings • May 12First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$6.73 (up from NT$1.25 in 1Q 2023). Revenue: NT$3.66b (up 3.3% from 1Q 2023). Net income: NT$4.58b (up 418% from 1Q 2023). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 81%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • May 03Catcher Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Catcher Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024分析記事 • Mar 16Here's What's Concerning About Catcher Technology's (TWSE:2474) Returns On CapitalWhen researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$13.33 (down from NT$15.14 in FY 2022). Revenue: NT$18.1b (down 35% from FY 2022). Net income: NT$9.15b (down 16% from FY 2022). Profit margin: 51% (up from 39% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Feb 23Catcher Technology Co., Ltd., Annual General Meeting, May 30, 2024Catcher Technology Co., Ltd., Annual General Meeting, May 30, 2024. Location: Silks Place Tainan 2F, No. 1, Heyi Rd., West Central Dist., Tainan City, R.O.C Tainan Taiwan Agenda: To discuss 2023 business report; to discuss 2023 Audit Committee's review report; to discuss 2023 distribution of employees and directors' compensation; to discuss Distribution of 2023 profits; and to discuss other matters.Price Target Changed • Jan 31Price target increased by 8.4% to NT$164Up from NT$151, the current price target is an average from 6 analysts. New target price is 16% below last closing price of NT$195. Stock is up 4.9% over the past year. The company is forecast to post earnings per share of NT$17.63 for next year compared to NT$15.14 last year.Upcoming Dividend • Nov 30Upcoming dividend of NT$5.00 per share at 5.1% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.5%).Reported Earnings • Nov 14Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$6.59 (down from NT$7.06 in 3Q 2022). Revenue: NT$4.33b (down 50% from 3Q 2022). Net income: NT$4.49b (down 11% from 3Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 27%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Nov 11Catcher Technology Co., Ltd. Announces Cash Dividend, Payable on January 5, 2024Catcher Technology Co., Ltd. announced the cash dividends distributed to common shareholders are TWD 3,401,820,340 (TWD 5 per share). Ex-rights (ex-dividend) trading date: December 7, 2023. Ex-rights (ex-dividend) record date: December 13, 2023. Payment date of cash dividend distribution: January 5, 2024.Major Estimate Revision • Sep 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$13.26 to NT$14.79. Revenue forecast unchanged at NT$21.1b. Net income forecast to shrink 16% next year vs 9.3% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$151 to NT$145. Share price was steady at NT$184 over the past week.Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$6.59 (up from NT$4.88 in 2Q 2022). Revenue: NT$6.89b (up 31% from 2Q 2022). Net income: NT$4.48b (up 28% from 2Q 2022). Profit margin: 65% (down from 67% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 141%. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 08Consensus EPS estimates increase by 29%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$23.2b to NT$22.6b. EPS estimate rose from NT$10.26 to NT$13.21. Net income forecast to shrink 12% next year vs 5.1% growth forecast for Tech industry in Taiwan . Consensus price target broadly unchanged at NT$154. Share price was steady at NT$176 over the past week.Upcoming Dividend • Jun 22Upcoming dividend of NT$10.00 per share at 5.3% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.9%).Reported Earnings • Jun 18First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$1.25 (down from NT$2.81 in 1Q 2022). Revenue: NT$3.54b (down 51% from 1Q 2022). Net income: NT$883.8m (down 57% from 1Q 2022). Profit margin: 25% (down from 28% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Jun 13Catcher Technology Co., Ltd. Announces Cash Dividend, Payable on July 31, 2023Catcher Technology Co., Ltd. announced the cash dividends distributed to common shareholders are TWD 6,803,640,680 (TWD 10 per share). Ex-rights (ex-dividend) trading date: June 29, 2023. Ex-rights (ex-dividend) record date: July 6, 2023. Payment date of cash dividend distribution: July 31, 2023.Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$15.14 (up from NT$11.31 in FY 2021). Revenue: NT$27.8b (down 32% from FY 2021). Net income: NT$10.9b (up 27% from FY 2021). Profit margin: 39% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.Major Estimate Revision • Nov 19Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$29.4b to NT$31.8b. EPS estimate increased from NT$12.63 to NT$17.25 per share. Net income forecast to shrink 40% next year vs 5.8% decline forecast for Tech industry in Taiwan. Consensus price target of NT$153 unchanged from last update. Share price rose 2.2% to NT$184 over the past week.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$7.06 (up from NT$2.64 in 3Q 2021). Revenue: NT$8.68b (down 12% from 3Q 2021). Net income: NT$5.05b (up 151% from 3Q 2021). Profit margin: 58% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$7.06 (up from NT$2.64 in 3Q 2021). Revenue: NT$8.68b (down 12% from 3Q 2021). Net income: NT$5.05b (up 151% from 3Q 2021). Profit margin: 58% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Price Target Changed • Sep 13Price target increased to NT$144Up from NT$132, the current price target is an average from 10 analysts. New target price is 16% below last closing price of NT$172. Stock is up 8.2% over the past year. The company is forecast to post earnings per share of NT$11.94 for next year compared to NT$11.31 last year.Upcoming Dividend • Aug 29Upcoming dividend of NT$10.21 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (7.3%).Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$34.9b to NT$29.7b. EPS estimate increased from NT$11.15 to NT$12.01 per share. Net income forecast to shrink 29% next year vs 3.5% decline forecast for Tech industry in Taiwan. Consensus price target up from NT$132 to NT$137. Share price rose 2.3% to NT$175 over the past week.Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$4.88 (vs NT$0.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$4.88 (up from NT$0.90 in 2Q 2021). Revenue: NT$5.28b (down 49% from 2Q 2021). Net income: NT$3.51b (up 416% from 2Q 2021). Profit margin: 67% (up from 6.6% in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 3.9% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • May 12First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$2.81 (down from NT$3.30 in 1Q 2021). Revenue: NT$7.22b (down 43% from 1Q 2021). Net income: NT$2.06b (down 18% from 1Q 2021). Profit margin: 28% (up from 20% in 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 1.9% compared to a 7.1% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year.Board Change • May 11Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tsung-chu Liang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$11.31 (down from NT$27.65 in FY 2020). Revenue: NT$41.1b (down 50% from FY 2020). Net income: NT$8.58b (down 59% from FY 2020). Profit margin: 21% (down from 26% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 2.5%, compared to a 7.2% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$2.64 (vs NT$0.75 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$9.87b (down 58% from 3Q 2020). Net income: NT$2.01b (up 254% from 3Q 2020). Profit margin: 20% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.Upcoming Dividend • Aug 24Upcoming dividend of NT$12.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 30 September 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.4%).Major Estimate Revision • Aug 13Consensus revenue estimates fall to NT$46.5bThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from NT$52.4b to NT$46.5b. EPS estimate fell from NT$14.07 to NT$10.99 per share. Net income forecast to shrink 46% next year vs 16% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$185 to NT$178. Share price fell 3.5% to NT$180 over the past week.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.89 (vs NT$3.63 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$10.4b (down 54% from 2Q 2020). Net income: NT$681.4m (down 75% from 2Q 2020). Profit margin: 6.6% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 21% per year.Major Estimate Revision • May 14Consensus EPS estimates fall to NT$15.28The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$59.2b to NT$53.9b. EPS estimate also fell from NT$18.04 to NT$15.28. Net income forecast to shrink 40% next year vs 17% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$196 to NT$192. Share price fell 6.6% to NT$178 over the past week.Reported Earnings • May 06First quarter 2021 earnings released: EPS NT$3.30 (vs NT$5.09 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$12.6b (down 28% from 1Q 2020). Net income: NT$2.51b (down 36% from 1Q 2020). Profit margin: 20% (down from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.分析記事 • Apr 17Calculating The Intrinsic Value Of Catcher Technology Co., Ltd. (TPE:2474)In this article we are going to estimate the intrinsic value of Catcher Technology Co., Ltd. ( TPE:2474 ) by projecting...分析記事 • Mar 30Catcher Technology (TPE:2474) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Major Estimate Revision • Mar 16Analysts lower EPS estimates to NT$16.73The 2021 consensus revenue estimate was lowered from NT$64.4b to NT$58.0b. Earning per share (EPS) estimate was also lowered from NT$18.99 to NT$16.73 for the same period. Net income is expected to shrink by 40% next year compared to 18% growth forecast for the Tech industry in Taiwan . The consensus price target increased from NT$197 to NT$202. Share price is up 4.6% to NT$203 over the past week.Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$27.65 (vs NT$14.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$82.5b (down 10.0% from FY 2019). Net income: NT$21.1b (up 88% from FY 2019). Profit margin: 26% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Over the next year, revenue is expected to shrink by 27% compared to a 6.6% growth forecast for the Tech industry in Taiwan.分析記事 • Mar 04Is Catcher Technology Co., Ltd.'s (TPE:2474) Recent Price Movement Underpinned By Its Weak Fundamentals?Catcher Technology (TPE:2474) has had a rough week with its share price down 1.5%. It is possible that the markets have...分析記事 • Feb 14How Much Did Catcher Technology's(TPE:2474) Shareholders Earn From Share Price Movements Over The Last Three Years?As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...分析記事 • Jan 29Has Catcher Technology (TPE:2474) Got What It Takes To Become A Multi-Bagger?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...分析記事 • Jan 14A Look At The Fair Value Of Catcher Technology Co., Ltd. (TPE:2474)How far off is Catcher Technology Co., Ltd. ( TPE:2474 ) from its intrinsic value? Using the most recent financial...Is New 90 Day High Low • Jan 06New 90-day high: NT$208The company is up 17% from its price of NT$178 on 08 October 2020. The Taiwanese market is also up 17% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Tech industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$182 per share.Major Estimate Revision • Jan 02Analysts update estimatesThe 2020 consensus revenue estimate was lowered from NT$89.9b to NT$88.9b. Earnings per share (EPS) increased from NT$18.37 to NT$20.61 for the same period. Net income is expected to grow by 47% next year compared to 16% growth forecast for the Tech industry in Taiwan. The consensus price target was lowered from NT$201 to NT$200. Share price is up 1.7% to NT$206 over the past week.分析記事 • Dec 30Catcher Technology (TPE:2474) Could Easily Take On More 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 • Dec 15Here's Why We Think Catcher Technology's (TPE:2474) Statutory Earnings Might Be ConservativeIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Is New 90 Day High Low • Dec 03New 90-day high: NT$196The company is up 1.0% from its price of NT$195 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$140 per share.分析記事 • Nov 30Is The Market Rewarding Catcher Technology Co., Ltd. (TPE:2474) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?Catcher Technology (TPE:2474) has had a rough three months with its share price down 7.6%. It seems that the market...Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS NT$0.75The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$23.7b (down 15% from 3Q 2019). Net income: NT$568.6m (down 83% from 3Q 2019). Profit margin: 2.4% (down from 12% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 18Revenue and earnings miss expectationsRevenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the next year, revenue is expected to shrink by 23% compared to a 5.0% growth forecast for the Tech industry in Taiwan.Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 5.8% at NT$23.7b. Earnings per share (EPS) also missed analyst estimates by 86% at NT$0.75. Revenue is expected to shrink by 22% over the next year, compared to a 6.3% growth forecast for the Tech industry in Taiwan.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$10.7b, down 27% from the prior year. Total revenue was NT$95.8b over the last 12 months, up 7.7% from the prior year.Is New 90 Day High Low • Sep 24New 90-day low: NT$178The company is down 20% from its price of NT$223 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$135 per share.財務状況分析短期負債: 2474の 短期資産 ( NT$111.5B ) が 短期負債 ( NT$75.7B ) を超えています。長期負債: 2474の短期資産 ( NT$111.5B ) が 長期負債 ( NT$7.2B ) 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: 2474総負債よりも多くの現金を保有しています。負債の削減: 2474の負債対資本比率は、過去 5 年間で43.7%から46.6%に増加しました。債務返済能力: 2474の負債は 営業キャッシュフロー によって 十分にカバーされていません ( 0.4% )。インタレストカバレッジ: 2474支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 22:31終値2026/05/22 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Catcher Technology Co., Ltd. 2 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。28 アナリスト機関Hsin-Shan GaiBarclaysAdnaan AhmadBerenbergRobert ChengBofA Global Research25 その他のアナリストを表示
分析記事 • Feb 17Catcher Technology (TWSE:2474) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jul 21We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 30Catcher Technology (TPE:2474) Could Easily Take On More 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 • Dec 30Catcher Technology (TPE:2474) Could Easily Take On More DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • May 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 106% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (32% net profit margin).
Reported Earnings • May 15First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$2.00 (down from NT$4.46 in 1Q 2025). Revenue: NT$3.77b (down 13% from 1Q 2025). Net income: NT$1.48b (down 49% from 1Q 2025). Profit margin: 39% (down from 67% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$232, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.
Reported Earnings • Mar 08Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$11.33 (down from NT$19.40 in FY 2024). Revenue: NT$18.7b (up 3.2% from FY 2024). Net income: NT$7.15b (down 46% from FY 2024). Profit margin: 38% (down from 73% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year.
New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 15% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 80x cash flows per share).
お知らせ • Mar 04Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2026Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2026. Location: 2 floor no,1, huo yih rd., west central district, tainan city Taiwan
Declared Dividend • Dec 10Dividend of NT$3.16 announcedShareholders will receive a dividend of NT$3.16. Ex-date: 23rd December 2025 Payment date: 21st January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 126x free cash flows). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$4.62 (vs NT$2.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.62 (up from NT$2.10 in 3Q 2024). Revenue: NT$4.86b (down 5.0% from 3Q 2024). Net income: NT$2.88b (up 102% from 3Q 2024). Profit margin: 59% (up from 28% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 37% Last year net profit margin: 74% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 351% Minor Risk Profit margins are more than 30% lower than last year (37% net profit margin).
Reported Earnings • Aug 11Second quarter 2025 earnings released: NT$1.60 loss per share (vs NT$5.05 profit in 2Q 2024)Second quarter 2025 results: NT$1.60 loss per share (down from NT$5.05 profit in 2Q 2024). Revenue: NT$5.08b (up 8.8% from 2Q 2024). Net loss: NT$1.03b (down 130% from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Declared Dividend • Jun 20Dividend of NT$8.33 announcedShareholders will receive a dividend of NT$8.33. Ex-date: 3rd July 2025 Payment date: 31st July 2025 Dividend yield will be 7.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 8.1% to bring the payout ratio under control. However, EPS is expected to decline by 4.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Jun 20Catcher Technology Co., Ltd. Announces Cash Dividend for the 2H24, Payable on July 31, 2025Catcher Technology Co., Ltd. announced Original Amount: TWD 5,193,160,544 (TWD 8.00 per share), Adjusted Amount: TWD 5,193,160,544 (TWD 8.32678869 per share) for the 2H24. Ex-dividend Trading Date 3 July 2025, Last Date Before Book Closure 4 July 2025, Record Date (Ex-dividend)9 July 2025 and Payment Date 31 July 2025.
Major Estimate Revision • Jun 19Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$19.0b to NT$18.8b. EPS estimate also fell from NT$15.30 per share to NT$12.68 per share. Net income forecast to shrink 25% next year vs 16% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$215 to NT$208. Share price fell 2.3% to NT$209 over the past week.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$4.46 (vs NT$6.73 in 1Q 2024)First quarter 2025 results: EPS: NT$4.46 (down from NT$6.73 in 1Q 2024). Revenue: NT$4.35b (up 19% from 1Q 2024). Net income: NT$2.92b (down 36% from 1Q 2024). Profit margin: 67% (down from 125% in 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01Catcher Technology Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Catcher Technology Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
お知らせ • Apr 17Catcher Technology Co., Ltd. Announces Dividend for the Second Half Ended December 31, 2024Catcher Technology Co., Ltd. announced on April 16, 2025, a dividend of TWD 8 per share for second half ended December 31, 2024. Total amount of cash distributed to shareholders is TWD 5,193,160,544.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$178, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 48% over the past three years.
分析記事 • Feb 27Catcher Technology Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextCatcher Technology Co., Ltd. ( TWSE:2474 ) investors will be delighted, with the company turning in some strong numbers...
お知らせ • Feb 25Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2025Catcher Technology Co., Ltd., Annual General Meeting, May 27, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,1, huo yih rd., west central district, tainan city Taiwan
Reported Earnings • Feb 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$19.40 (up from NT$13.33 in FY 2023). Revenue: NT$18.1b (flat on FY 2023). Net income: NT$13.2b (up 44% from FY 2023). Profit margin: 73% (up from 51% in FY 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
分析記事 • Feb 17Catcher Technology (TWSE:2474) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Feb 15Catcher Technology Co., Ltd. to Report Q4, 2024 Results on Feb 24, 2025Catcher Technology Co., Ltd. announced that they will report Q4, 2024 results on Feb 24, 2025
分析記事 • Jan 16There Is A Reason Catcher Technology Co., Ltd.'s (TWSE:2474) Price Is UndemandingWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 21x, you may consider...
分析記事 • Dec 24The Returns On Capital At Catcher Technology (TWSE:2474) Don't Inspire ConfidenceWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Buy Or Sell Opportunity • Dec 16Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to NT$178. The fair value is estimated to be NT$223, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Upcoming Dividend • Dec 03Upcoming dividend of NT$7.50 per shareEligible shareholders must have bought the stock before 10 December 2024. Payment date: 08 January 2025. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (3.0%).
分析記事 • Dec 02Is Catcher Technology Co., Ltd. (TWSE:2474) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights Using the 2 Stage Free Cash Flow to Equity, Catcher Technology fair value estimate is NT$154 Current share...
分析記事 • Nov 11Catcher Technology (TWSE:2474) Has Announced That It Will Be Increasing Its Dividend To NT$7.50Catcher Technology Co., Ltd. ( TWSE:2474 ) will increase its dividend from last year's comparable payment on the 8th of...
分析記事 • Nov 08Analysts Have Made A Financial Statement On Catcher Technology Co., Ltd.'s (TWSE:2474) Third-Quarter ReportShareholders might have noticed that Catcher Technology Co., Ltd. ( TWSE:2474 ) filed its quarterly result this time...
Declared Dividend • Nov 08Dividend of NT$7.50 announcedShareholders will receive a dividend of NT$7.50. Ex-date: 10th December 2024 Payment date: 8th January 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 4.5% over the next 2 years. However, it would need to fall by 14% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$2.10 (down from NT$6.59 in 3Q 2023). Revenue: NT$5.12b (up 18% from 3Q 2023). Net income: NT$1.43b (down 68% from 3Q 2023). Profit margin: 28% (down from 103% in 3Q 2023). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Oct 30Catcher Technology Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Catcher Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
分析記事 • Aug 28Earnings Working Against Catcher Technology Co., Ltd.'s (TWSE:2474) Share PriceCatcher Technology Co., Ltd.'s ( TWSE:2474 ) price-to-earnings (or "P/E") ratio of 13.6x might make it look like a buy...
分析記事 • Aug 11Catcher Technology Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsCatcher Technology Co., Ltd. ( TWSE:2474 ) just released its latest quarterly results and things are looking bullish...
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$5.05 (down from NT$6.59 in 2Q 2023). Revenue: NT$4.67b (down 32% from 2Q 2023). Net income: NT$3.44b (down 23% from 2Q 2023). Profit margin: 74% (up from 65% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Tech industry in Taiwan. 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 8% per year, which means it is well ahead of earnings.
分析記事 • Aug 05Catcher Technology Co., Ltd.'s (TWSE:2474) Intrinsic Value Is Potentially 25% Below Its Share PriceKey Insights Using the Dividend Discount Model, Catcher Technology fair value estimate is NT$165 Catcher Technology's...
お知らせ • Aug 01Catcher Technology Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024Catcher Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
分析記事 • Jul 21We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Jun 30Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).
分析記事 • Jun 26Catcher Technology (TWSE:2474) Could Be At Risk Of Shrinking As A CompanyWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Declared Dividend • Jun 15Dividend of NT$5.00 announcedShareholders will receive a dividend of NT$5.00. Ex-date: 4th July 2024 Payment date: 31st July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range.
Major Estimate Revision • May 17Consensus EPS estimates increase by 36%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$19.9b to NT$18.8b. EPS estimate rose from NT$14.87 to NT$20.22. Net income forecast to shrink 1.0% next year vs 26% growth forecast for Tech industry in Taiwan . Consensus price target up from NT$176 to NT$189. Share price was steady at NT$224 over the past week.
Price Target Changed • May 14Price target increased by 7.4% to NT$189Up from NT$176, the current price target is an average from 5 analysts. New target price is 18% below last closing price of NT$232. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$20.22 for next year compared to NT$13.33 last year.
Reported Earnings • May 12First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$6.73 (up from NT$1.25 in 1Q 2023). Revenue: NT$3.66b (up 3.3% from 1Q 2023). Net income: NT$4.58b (up 418% from 1Q 2023). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 81%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • May 03Catcher Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Catcher Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
分析記事 • Mar 16Here's What's Concerning About Catcher Technology's (TWSE:2474) Returns On CapitalWhen researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$13.33 (down from NT$15.14 in FY 2022). Revenue: NT$18.1b (down 35% from FY 2022). Net income: NT$9.15b (down 16% from FY 2022). Profit margin: 51% (up from 39% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Feb 23Catcher Technology Co., Ltd., Annual General Meeting, May 30, 2024Catcher Technology Co., Ltd., Annual General Meeting, May 30, 2024. Location: Silks Place Tainan 2F, No. 1, Heyi Rd., West Central Dist., Tainan City, R.O.C Tainan Taiwan Agenda: To discuss 2023 business report; to discuss 2023 Audit Committee's review report; to discuss 2023 distribution of employees and directors' compensation; to discuss Distribution of 2023 profits; and to discuss other matters.
Price Target Changed • Jan 31Price target increased by 8.4% to NT$164Up from NT$151, the current price target is an average from 6 analysts. New target price is 16% below last closing price of NT$195. Stock is up 4.9% over the past year. The company is forecast to post earnings per share of NT$17.63 for next year compared to NT$15.14 last year.
Upcoming Dividend • Nov 30Upcoming dividend of NT$5.00 per share at 5.1% yieldEligible shareholders must have bought the stock before 07 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.5%).
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$6.59 (down from NT$7.06 in 3Q 2022). Revenue: NT$4.33b (down 50% from 3Q 2022). Net income: NT$4.49b (down 11% from 3Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 27%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 11Catcher Technology Co., Ltd. Announces Cash Dividend, Payable on January 5, 2024Catcher Technology Co., Ltd. announced the cash dividends distributed to common shareholders are TWD 3,401,820,340 (TWD 5 per share). Ex-rights (ex-dividend) trading date: December 7, 2023. Ex-rights (ex-dividend) record date: December 13, 2023. Payment date of cash dividend distribution: January 5, 2024.
Major Estimate Revision • Sep 19Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$13.26 to NT$14.79. Revenue forecast unchanged at NT$21.1b. Net income forecast to shrink 16% next year vs 9.3% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$151 to NT$145. Share price was steady at NT$184 over the past week.
Reported Earnings • Aug 09Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: NT$6.59 (up from NT$4.88 in 2Q 2022). Revenue: NT$6.89b (up 31% from 2Q 2022). Net income: NT$4.48b (up 28% from 2Q 2022). Profit margin: 65% (down from 67% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 141%. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 08Consensus EPS estimates increase by 29%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$23.2b to NT$22.6b. EPS estimate rose from NT$10.26 to NT$13.21. Net income forecast to shrink 12% next year vs 5.1% growth forecast for Tech industry in Taiwan . Consensus price target broadly unchanged at NT$154. Share price was steady at NT$176 over the past week.
Upcoming Dividend • Jun 22Upcoming dividend of NT$10.00 per share at 5.3% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.9%).
Reported Earnings • Jun 18First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$1.25 (down from NT$2.81 in 1Q 2022). Revenue: NT$3.54b (down 51% from 1Q 2022). Net income: NT$883.8m (down 57% from 1Q 2022). Profit margin: 25% (down from 28% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 13Catcher Technology Co., Ltd. Announces Cash Dividend, Payable on July 31, 2023Catcher Technology Co., Ltd. announced the cash dividends distributed to common shareholders are TWD 6,803,640,680 (TWD 10 per share). Ex-rights (ex-dividend) trading date: June 29, 2023. Ex-rights (ex-dividend) record date: July 6, 2023. Payment date of cash dividend distribution: July 31, 2023.
Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$15.14 (up from NT$11.31 in FY 2021). Revenue: NT$27.8b (down 32% from FY 2021). Net income: NT$10.9b (up 27% from FY 2021). Profit margin: 39% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.
Major Estimate Revision • Nov 19Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$29.4b to NT$31.8b. EPS estimate increased from NT$12.63 to NT$17.25 per share. Net income forecast to shrink 40% next year vs 5.8% decline forecast for Tech industry in Taiwan. Consensus price target of NT$153 unchanged from last update. Share price rose 2.2% to NT$184 over the past week.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$7.06 (up from NT$2.64 in 3Q 2021). Revenue: NT$8.68b (down 12% from 3Q 2021). Net income: NT$5.05b (up 151% from 3Q 2021). Profit margin: 58% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$7.06 (up from NT$2.64 in 3Q 2021). Revenue: NT$8.68b (down 12% from 3Q 2021). Net income: NT$5.05b (up 151% from 3Q 2021). Profit margin: 58% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Sep 13Price target increased to NT$144Up from NT$132, the current price target is an average from 10 analysts. New target price is 16% below last closing price of NT$172. Stock is up 8.2% over the past year. The company is forecast to post earnings per share of NT$11.94 for next year compared to NT$11.31 last year.
Upcoming Dividend • Aug 29Upcoming dividend of NT$10.21 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (7.3%).
Major Estimate Revision • Aug 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$34.9b to NT$29.7b. EPS estimate increased from NT$11.15 to NT$12.01 per share. Net income forecast to shrink 29% next year vs 3.5% decline forecast for Tech industry in Taiwan. Consensus price target up from NT$132 to NT$137. Share price rose 2.3% to NT$175 over the past week.
Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$4.88 (vs NT$0.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$4.88 (up from NT$0.90 in 2Q 2021). Revenue: NT$5.28b (down 49% from 2Q 2021). Net income: NT$3.51b (up 416% from 2Q 2021). Profit margin: 67% (up from 6.6% in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 3.9% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • May 12First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$2.81 (down from NT$3.30 in 1Q 2021). Revenue: NT$7.22b (down 43% from 1Q 2021). Net income: NT$2.06b (down 18% from 1Q 2021). Profit margin: 28% (up from 20% in 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 1.9% compared to a 7.1% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year.
Board Change • May 11Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tsung-chu Liang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$11.31 (down from NT$27.65 in FY 2020). Revenue: NT$41.1b (down 50% from FY 2020). Net income: NT$8.58b (down 59% from FY 2020). Profit margin: 21% (down from 26% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 2.5%, compared to a 7.2% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$2.64 (vs NT$0.75 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$9.87b (down 58% from 3Q 2020). Net income: NT$2.01b (up 254% from 3Q 2020). Profit margin: 20% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.
Upcoming Dividend • Aug 24Upcoming dividend of NT$12.00 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 30 September 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.4%).
Major Estimate Revision • Aug 13Consensus revenue estimates fall to NT$46.5bThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from NT$52.4b to NT$46.5b. EPS estimate fell from NT$14.07 to NT$10.99 per share. Net income forecast to shrink 46% next year vs 16% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$185 to NT$178. Share price fell 3.5% to NT$180 over the past week.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.89 (vs NT$3.63 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$10.4b (down 54% from 2Q 2020). Net income: NT$681.4m (down 75% from 2Q 2020). Profit margin: 6.6% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 21% per year.
Major Estimate Revision • May 14Consensus EPS estimates fall to NT$15.28The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$59.2b to NT$53.9b. EPS estimate also fell from NT$18.04 to NT$15.28. Net income forecast to shrink 40% next year vs 17% growth forecast for Tech industry in Taiwan . Consensus price target down from NT$196 to NT$192. Share price fell 6.6% to NT$178 over the past week.
Reported Earnings • May 06First quarter 2021 earnings released: EPS NT$3.30 (vs NT$5.09 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$12.6b (down 28% from 1Q 2020). Net income: NT$2.51b (down 36% from 1Q 2020). Profit margin: 20% (down from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 17Calculating The Intrinsic Value Of Catcher Technology Co., Ltd. (TPE:2474)In this article we are going to estimate the intrinsic value of Catcher Technology Co., Ltd. ( TPE:2474 ) by projecting...
分析記事 • Mar 30Catcher Technology (TPE:2474) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Major Estimate Revision • Mar 16Analysts lower EPS estimates to NT$16.73The 2021 consensus revenue estimate was lowered from NT$64.4b to NT$58.0b. Earning per share (EPS) estimate was also lowered from NT$18.99 to NT$16.73 for the same period. Net income is expected to shrink by 40% next year compared to 18% growth forecast for the Tech industry in Taiwan . The consensus price target increased from NT$197 to NT$202. Share price is up 4.6% to NT$203 over the past week.
Reported Earnings • Mar 11Full year 2020 earnings released: EPS NT$27.65 (vs NT$14.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$82.5b (down 10.0% from FY 2019). Net income: NT$21.1b (up 88% from FY 2019). Profit margin: 26% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Over the next year, revenue is expected to shrink by 27% compared to a 6.6% growth forecast for the Tech industry in Taiwan.
分析記事 • Mar 04Is Catcher Technology Co., Ltd.'s (TPE:2474) Recent Price Movement Underpinned By Its Weak Fundamentals?Catcher Technology (TPE:2474) has had a rough week with its share price down 1.5%. It is possible that the markets have...
分析記事 • Feb 14How Much Did Catcher Technology's(TPE:2474) Shareholders Earn From Share Price Movements Over The Last Three Years?As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...
分析記事 • Jan 29Has Catcher Technology (TPE:2474) Got What It Takes To Become A Multi-Bagger?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
分析記事 • Jan 14A Look At The Fair Value Of Catcher Technology Co., Ltd. (TPE:2474)How far off is Catcher Technology Co., Ltd. ( TPE:2474 ) from its intrinsic value? Using the most recent financial...
Is New 90 Day High Low • Jan 06New 90-day high: NT$208The company is up 17% from its price of NT$178 on 08 October 2020. The Taiwanese market is also up 17% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Tech industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$182 per share.
Major Estimate Revision • Jan 02Analysts update estimatesThe 2020 consensus revenue estimate was lowered from NT$89.9b to NT$88.9b. Earnings per share (EPS) increased from NT$18.37 to NT$20.61 for the same period. Net income is expected to grow by 47% next year compared to 16% growth forecast for the Tech industry in Taiwan. The consensus price target was lowered from NT$201 to NT$200. Share price is up 1.7% to NT$206 over the past week.
分析記事 • Dec 30Catcher Technology (TPE:2474) Could Easily Take On More 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 • Dec 15Here's Why We Think Catcher Technology's (TPE:2474) Statutory Earnings Might Be ConservativeIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Is New 90 Day High Low • Dec 03New 90-day high: NT$196The company is up 1.0% from its price of NT$195 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$140 per share.
分析記事 • Nov 30Is The Market Rewarding Catcher Technology Co., Ltd. (TPE:2474) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?Catcher Technology (TPE:2474) has had a rough three months with its share price down 7.6%. It seems that the market...
Reported Earnings • Nov 18Third quarter 2020 earnings released: EPS NT$0.75The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$23.7b (down 15% from 3Q 2019). Net income: NT$568.6m (down 83% from 3Q 2019). Profit margin: 2.4% (down from 12% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 18Revenue and earnings miss expectationsRevenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the next year, revenue is expected to shrink by 23% compared to a 5.0% growth forecast for the Tech industry in Taiwan.
Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 5.8% at NT$23.7b. Earnings per share (EPS) also missed analyst estimates by 86% at NT$0.75. Revenue is expected to shrink by 22% over the next year, compared to a 6.3% growth forecast for the Tech industry in Taiwan.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$10.7b, down 27% from the prior year. Total revenue was NT$95.8b over the last 12 months, up 7.7% from the prior year.
Is New 90 Day High Low • Sep 24New 90-day low: NT$178The company is down 20% from its price of NT$223 on 24 June 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$135 per share.