View Financial HealthLargan Precision 配当と自社株買い配当金 基準チェック /46Largan Precision配当を支払う会社であり、現在の利回りは3.11%で、収益によって十分にカバーされています。主要情報3.1%配当利回り1.9%バイバック利回り総株主利回り5.0%将来の配当利回り4.0%配当成長3.3%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向51%最近の配当と自社株買いの更新Upcoming Dividend • Mar 13Upcoming dividend of NT$52.00 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 50% and the cash payout ratio is 78%. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.8%).Declared Dividend • Feb 26Dividend of NT$52.00 announcedShareholders will receive a dividend of NT$52.00. Ex-date: 19th March 2026 Payment date: 16th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Declared Dividend • Jul 30Dividend of NT$28.00 announcedShareholders will receive a dividend of NT$28.00. Ex-date: 14th August 2025 Payment date: 11th September 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.9% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.Upcoming Dividend • Mar 13Upcoming dividend of NT$57.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.9%).Declared Dividend • Feb 26Dividend of NT$57.50 announcedShareholders will receive a dividend of NT$57.50. Ex-date: 20th March 2025 Payment date: 17th April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Declared Dividend • Jul 31Dividend of NT$40.00 announcedShareholders will receive a dividend of NT$40.00. Ex-date: 15th August 2024 Payment date: 12th September 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesReported Earnings • Apr 21First quarter 2026 earnings released: EPS: NT$46.63 (vs NT$48.28 in 1Q 2025)First quarter 2026 results: EPS: NT$46.63 (down from NT$48.28 in 1Q 2025). Revenue: NT$15.5b (up 6.6% from 1Q 2025). Net income: NT$6.12b (down 5.0% from 1Q 2025). Profit margin: 39% (down from 44% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.Price Target Changed • Apr 20Price target increased by 7.4% to NT$2,869Up from NT$2,671, the current price target is an average from 18 analysts. New target price is 6.3% above last closing price of NT$2,700. Stock is up 28% over the past year. The company is forecast to post earnings per share of NT$181 for next year compared to NT$159 last year.Buy Or Sell Opportunity • Apr 17Now 24% undervaluedOver the last 90 days, the stock has risen 6.8% to NT$2,595. The fair value is estimated to be NT$3,426, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$2,670, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,332 per share.Upcoming Dividend • Mar 13Upcoming dividend of NT$52.00 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 50% and the cash payout ratio is 78%. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$159 (down from NT$194 in FY 2024). Revenue: NT$61.1b (up 2.8% from FY 2024). Net income: NT$21.3b (down 18% from FY 2024). Profit margin: 35% (down from 44% 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 2.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.Declared Dividend • Feb 26Dividend of NT$52.00 announcedShareholders will receive a dividend of NT$52.00. Ex-date: 19th March 2026 Payment date: 16th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 25LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 09, 2026LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 09, 2026, at 09:00 Taipei Standard Time. Location: no,300, ch`eng kung w. rd., wurih district, taichung city TaiwanValuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$2,385, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,160 per share.Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$53.05 (up from NT$49.67 in 3Q 2024). Revenue: NT$17.7b (down 6.7% from 3Q 2024). Net income: NT$7.08b (up 6.8% from 3Q 2024). Profit margin: 40% (up from 35% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.Reported Earnings • Aug 06Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$7.73 (down from NT$33.70 in 2Q 2024). Revenue: NT$11.7b (up 6.3% from 2Q 2024). Net income: NT$1.03b (down 77% from 2Q 2024). Profit margin: 8.8% (down from 41% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year.Declared Dividend • Jul 30Dividend of NT$28.00 announcedShareholders will receive a dividend of NT$28.00. Ex-date: 14th August 2025 Payment date: 11th September 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.9% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.Major Estimate Revision • Jul 11Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$63.2b to NT$61.7b. EPS estimate also fell from NT$183 per share to NT$161 per share. Net income forecast to shrink 15% next year vs 22% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$2,724 to NT$2,640. Share price was steady at NT$2,290 over the past week.Buy Or Sell Opportunity • Jul 07Now 20% undervaluedOver the last 90 days, the stock has risen 9.8% to NT$2,180. The fair value is estimated to be NT$2,732, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 6.2%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period.お知らせ • Jun 07LARGAN Precision Co.,Ltd. Approves Board ChangesLARGAN Precision Co.,Ltd. approved the appointment of New independent director Chin-Fang Lin: Largan Precision Vice President Kuang-Tao Chang: Chuangyi Investment Chairman Shu-Min Li: Taishin Securities Vice President in place of Shan-Chieh Yen, Ming-Hua Peng and Chun-Yi Lu. Effective date of the new appointment on June 6, 2025.New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risks Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$48.28 (vs NT$45.79 in 1Q 2024)First quarter 2025 results: EPS: NT$48.28 (up from NT$45.79 in 1Q 2024). Revenue: NT$14.6b (up 29% from 1Q 2024). Net income: NT$6.44b (up 5.4% from 1Q 2024). Profit margin: 44% (down from 54% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.Buy Or Sell Opportunity • May 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to NT$2,120. The fair value is estimated to be NT$2,710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period.お知らせ • Apr 12LARGAN Precision Co.,Ltd to Report Q1, 2025 Results on Apr 21, 2025LARGAN Precision Co.,Ltd announced that they will report Q1, 2025 results on Apr 21, 2025Price Target Changed • Apr 11Price target decreased by 8.8% to NT$2,845Down from NT$3,119, the current price target is an average from 20 analysts. New target price is 40% above last closing price of NT$2,035. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$186 for next year compared to NT$194 last year.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$1,985, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,844 per share.Upcoming Dividend • Mar 13Upcoming dividend of NT$57.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.9%).New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Feb 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$194 (up from NT$134 in FY 2023). Revenue: NT$59.5b (up 22% from FY 2023). Net income: NT$25.9b (up 45% from FY 2023). Profit margin: 44% (up from 37% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Feb 26Dividend of NT$57.50 announcedShareholders will receive a dividend of NT$57.50. Ex-date: 20th March 2025 Payment date: 17th April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 25LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 06, 2025LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 06, 2025, at 09:00 Taipei Standard Time. Location: no,300, ch`eng kung w. rd., wurih district, taichung city Taiwanお知らせ • Feb 15LARGAN Precision Co.,Ltd to Report Q4, 2024 Results on Feb 24, 2025LARGAN Precision Co.,Ltd announced that they will report Q4, 2024 results on Feb 24, 2025New Risk • Nov 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$49.67 (up from NT$44.60 in 3Q 2023). Revenue: NT$18.9b (up 39% from 3Q 2023). Net income: NT$6.63b (up 11% from 3Q 2023). Profit margin: 35% (down from 44% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.お知らせ • Oct 19LARGAN Precision Co.,Ltd to Report Q3, 2024 Results on Oct 28, 2024LARGAN Precision Co.,Ltd announced that they will report Q3, 2024 results on Oct 28, 2024Price Target Changed • Oct 18Price target decreased by 7.1% to NT$3,121Down from NT$3,360, the current price target is an average from 20 analysts. New target price is 35% above last closing price of NT$2,320. Stock is up 14% over the past year. The company is forecast to post earnings per share of NT$178 for next year compared to NT$134 last year.Reported Earnings • Aug 06Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$33.70 (up from NT$27.69 in 2Q 2023). Revenue: NT$11.0b (up 34% from 2Q 2023). Net income: NT$4.50b (up 22% from 2Q 2023). Profit margin: 41% (down from 45% in 2Q 2023). 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 8.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Declared Dividend • Jul 31Dividend of NT$40.00 announcedShareholders will receive a dividend of NT$40.00. Ex-date: 15th August 2024 Payment date: 12th September 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 30LARGAN Precision Co.,Ltd Announces Common Stock Cash Dividend for the First Half of 2024, Payable on September 12, 2024LARGAN Precision Co.,Ltd announced common stock cash dividends of TWD 5,338,727,880 for the first half of 2024. Ex-rights (ex-dividend) trading date is August 15, 2024. Ex-rights (ex-dividend) record date is August 22, 2024. Payment date of common stock cash dividend distribution is September 12, 2024.お知らせ • Jul 17LARGAN Precision Co.,Ltd to Report Q2, 2024 Results on Jul 29, 2024LARGAN Precision Co.,Ltd announced that they will report Q2, 2024 results on Jul 29, 2024Price Target Changed • Jul 12Price target increased by 8.8% to NT$3,318Up from NT$3,050, the current price target is an average from 20 analysts. New target price is 8.3% above last closing price of NT$3,065. Stock is up 33% over the past year. The company is forecast to post earnings per share of NT$177 for next year compared to NT$134 last year.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,110, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,633 per share.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$2,640, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,454 per share.Reported Earnings • May 15First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: NT$45.79 (up from NT$24.64 in 1Q 2023). Revenue: NT$11.3b (up 24% from 1Q 2023). Net income: NT$6.11b (up 86% from 1Q 2023). Profit margin: 54% (up from 36% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • Mar 14Upcoming dividend of NT$41.00 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 50% and the cash payout ratio is 99%. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.4%).Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$134 (down from NT$170 in FY 2022). Revenue: NT$48.8b (up 2.4% from FY 2022). Net income: NT$17.9b (down 21% from FY 2022). Profit margin: 37% (down from 48% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year.Declared Dividend • Feb 29Dividend of NT$41.00 announcedShareholders will receive a dividend of NT$41.00. Ex-date: 21st March 2024 Payment date: 17th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 27LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 07, 2024LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 07, 2024. Location: No. 300, Chenggong W. Rd., Wuri Dist. Taichung Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee Review Report; to consider 2023 Employee and Director Compensation Report; to consider 2023 Cash Dividend Earnings Distribution Report; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution; and to consider any other matters.Price Target Changed • Jan 12Price target increased by 9.8% to NT$2,898Up from NT$2,639, the current price target is an average from 19 analysts. New target price is 11% above last closing price of NT$2,615. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$139 for next year compared to NT$170 last year.Upcoming Dividend • Aug 10Upcoming dividend of NT$26.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).お知らせ • Jul 25LARGAN Precision Co.,Ltd Declares Cash Dividend for First Half of 2023, payable on September 14, 2023LARGAN Precision Co.,Ltd declares cash dividend for first half of 2023. Type and monetary amount of dividend distribution: Cash dividends of TWD 3,536,907,221. Ex-rights (ex-dividend) trading date: August 17, 2023. Ex-rights (ex-dividend) record date: August 24, 2023. Payment date of cash dividend distribution: September 14, 2023.Reported Earnings • Jul 16Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$27.69 (down from NT$37.06 in 2Q 2022). Revenue: NT$8.19b (down 15% from 2Q 2022). Net income: NT$3.70b (down 25% from 2Q 2022). Profit margin: 45% (down from 51% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Mar 09Upcoming dividend of NT$46.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.5%).Reported Earnings • Feb 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$170 (up from NT$139 in FY 2021). Revenue: NT$47.7b (up 1.5% from FY 2021). Net income: NT$22.6b (up 21% from FY 2021). Profit margin: 48% (up from 40% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic 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 fallen by 21% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Ming-Hua Peng was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 02Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$61.01 (up from NT$39.22 in 3Q 2021). Revenue: NT$13.5b (up 13% from 3Q 2021). Net income: NT$8.14b (up 55% from 3Q 2021). Profit margin: 60% (up from 44% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Oct 14Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$44.9b to NT$46.1b. EPS estimate increased from NT$150 to NT$165 per share. Net income forecast to shrink 3.9% next year vs 3.5% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$1,986. Share price fell 2.4% to NT$1,800 over the past week.Buying Opportunity • Oct 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be NT$2,054, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to decline by 12% in the next 2 years.Upcoming Dividend • Aug 11Upcoming dividend of NT$39.50 per shareEligible shareholders must have bought the stock before 18 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.6%).Reported Earnings • Jul 26Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$37.06 (up from NT$22.07 in 2Q 2021). Revenue: NT$9.68b (down 4.3% from 2Q 2021). Net income: NT$4.95b (up 67% from 2Q 2021). Profit margin: 51% (up from 29% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 49%. Over the next year, revenue is forecast to grow 2.1%, compared to a 9.4% growth forecast for the 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 fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 09+ 1 more updateLARGAN Precision Co.,Ltd Announces Executive AppointmentsThe board of directors of LARGAN Precision Co.,Ltd announced the election of chairman, Vice chairman and appointed president of the company as follows: Name of the previous position holder: En-Chou Lin Chairman and En-Ping Lin Vice Chairman. Resume of the previous position holder: En-Chou Lin: Largan Precision Chairman and En-Ping Lin: Largan Precision Vice Chairman. Name of the new position holder: En-Ping Lin Chairman, You-Chih Huang Vice Chairman and You-Chih Huang President. Resume of the new position holder: En-Ping Lin: Largan Precision Vice Chairman, You-Chih Huang: Largan Precision CTO. Effective date of the new appointment is June 8, 2022.Price Target Changed • Apr 27Price target decreased to NT$1,973Down from NT$2,329, the current price target is an average from 18 analysts. New target price is 21% above last closing price of NT$1,635. Stock is down 47% over the past year. The company is forecast to post earnings per share of NT$138 for next year compared to NT$139 last year.Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$41.30 (up from NT$39.63 in 1Q 2021). Revenue: NT$10.1b (down 14% from 1Q 2021). Net income: NT$5.51b (up 3.7% from 1Q 2021). Profit margin: 54% (up from 45% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ming-Hua Peng was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Apr 15Price target decreased to NT$2,140Down from NT$2,414, the current price target is an average from 17 analysts. New target price is 30% above last closing price of NT$1,645. Stock is down 48% over the past year. The company is forecast to post earnings per share of NT$139 for next year compared to NT$139 last year.Upcoming Dividend • Mar 08Upcoming dividend of NT$39.00 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 50% and the cash payout ratio is 82%. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$139 (down from NT$183 in FY 2020). Revenue: NT$47.0b (down 16% from FY 2020). Net income: NT$18.7b (down 24% from FY 2020). Profit margin: 40% (down from 44% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 4.8%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 22LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 08, 2022LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 08, 2022. Location: No. 300, Chenggong W. Rd., Wuri Dist. Taichung Taiwan Agenda: To consider the 2021 business report; to consider the 2021 supervisor's review report; to consider the 2021 employee, director and supervisor compensation report; to consider the 2021 cash dividend earnings distribution report; 2021 business report and financial statements; and to consider the 2021 earnings distribution; to consider amendment to the articles of incorporation; to consider amendment to the procedures for election of directors; and to consider other matters.Upcoming Dividend • Jan 05Upcoming dividend of NT$31.16 per shareEligible shareholders must have bought the stock before 12 January 2022. Payment date: 10 February 2022. Payout ratio and cash payout ratio are on the higher end at 80% and 78% respectively. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$2,410, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,628 per share.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS NT$39.22 (vs NT$43.74 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$12.0b (down 19% from 3Q 2020). Net income: NT$5.26b (down 10% from 3Q 2020). Profit margin: 44% (up from 40% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Price Target Changed • Oct 08Price target decreased to NT$2,865Down from NT$3,209, the current price target is an average from 18 analysts. New target price is 43% above last closing price of NT$2,005. Stock is down 41% over the past year.Upcoming Dividend • Aug 03Upcoming dividend of NT$91.50 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 03 September 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (3.0%).Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS NT$22.07 (vs NT$37.19 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$10.1b (down 20% from 2Q 2020). Net income: NT$2.96b (down 41% from 2Q 2020). Profit margin: 29% (down from 39% in 2Q 2020). The decrease in margin was driven by lower revenue. 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 17% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Jul 10Consensus EPS estimates fall to NT$164The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$55.9b to NT$52.9b. EPS estimate also fell from NT$186 to NT$164. Net income forecast to grow 0.3% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$3,409. Share price fell 3.7% to NT$2,990 over the past week.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$39.62 (vs NT$50.10 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.8b (down 11% from 1Q 2020). Net income: NT$5.32b (down 21% from 1Q 2020). Profit margin: 45% (down from 51% in 1Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Major Estimate Revision • Apr 08Consensus EPS estimates fall to NT$180The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$60.4b to NT$59.2b. EPS estimate also fell from NT$202 to NT$180. Net income forecast to grow 5.2% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$3,490. Share price fell 5.5% to NT$3,000 over the past week.Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.8%, compared to a 16% growth forecast for the Electronic industry in Taiwan.お知らせ • Feb 23LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 10, 2021LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 10, 2021. Location: No. 300, Chenggong W. Rd., Wuri Dist., Taichung Taiwan Agenda: To consider the 2020 business report; to consider the 2020 supervisors' review report; to consider the 2020 employee, director and supervisor compensation report; to consider the 2020 cash dividend earnings distribution report; 2020 business report and financial statements; and to consider the 2020 earnings distribution.Reported Earnings • Feb 23Full year 2020 earnings released: EPS NT$183 (vs NT$211 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$55.9b (down 7.9% from FY 2019). Net income: NT$24.5b (down 13% from FY 2019). Profit margin: 44% (down from 47% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.Is New 90 Day High Low • Feb 22New 90-day high: NT$3,510The company is up 4.0% from its price of NT$3,370 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$3,884 per share.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$3,510, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 15.9x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 2.0%.お知らせ • Jan 08LARGAN Precision Co.,Ltd announced that it has received TWD 534.70728 million in funding from CMC Magnetics CorporationOn January 6, 2020, LARGAN Precision Co.,Ltd (TSEC:3008) closed the transaction.お知らせ • Oct 29LARGAN Precision Co.,Ltd announced that it has received TWD 328.02018 million in funding from CMC Magnetics CorporationOn October 28, 2020, LARGAN Precision Co.,Ltd closed the transaction.Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$25.7b, down 3.7% from the prior year. Total revenue was NT$59.0b over the last 12 months, up 7.5% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 27Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 3.2% at NT$14.8b. Earnings per share (EPS) also missed analyst estimates by 21% at NT$43.74. Revenue is forecast to grow 2.7% over the next year, compared to a 10.0% growth forecast for the Electronic industry in Taiwan.お知らせ • Oct 14LARGAN Precision Co.,Ltd announced that it has received TWD 306.07574 million in funding from CMC Magnetics CorporationOn October 12, 2020, LARGAN Precision Co.,Ltd (TSEC:3008) closed the transaction.決済の安定と成長配当データの取得安定した配当: 3008の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 3008の配当金は過去10年間にわたって増加しています。配当利回り対市場Largan Precision 配当利回り対市場3008 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (3008)3.1%市場下位25% (TW)1.5%市場トップ25% (TW)5.0%業界平均 (Electronic)1.4%アナリスト予想 (3008) (最長3年)4.0%注目すべき配当: 3008の配当金 ( 3.11% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) よりも高くなっています。高配当: 3008の配当金 ( 3.11% ) はTW市場の配当金支払者の上位 25% ( 5% ) と比較すると低いです。株主への利益配当収益カバレッジ: 3008の配当金は、合理的な 配当性向 ( 50.7% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 現在の現金配当性向（ 78.2% ）では、 3008の配当金はキャッシュフローによって賄われています。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 10:15終値2026/05/08 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Largan Precision Co., Ltd. 15 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。34 アナリスト機関Yingchao YangBarclaysHsin-Shan GaiBarclaysHanxu WangBernstein31 その他のアナリストを表示
Upcoming Dividend • Mar 13Upcoming dividend of NT$52.00 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 50% and the cash payout ratio is 78%. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.8%).
Declared Dividend • Feb 26Dividend of NT$52.00 announcedShareholders will receive a dividend of NT$52.00. Ex-date: 19th March 2026 Payment date: 16th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • Jul 30Dividend of NT$28.00 announcedShareholders will receive a dividend of NT$28.00. Ex-date: 14th August 2025 Payment date: 11th September 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.9% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.
Upcoming Dividend • Mar 13Upcoming dividend of NT$57.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.9%).
Declared Dividend • Feb 26Dividend of NT$57.50 announcedShareholders will receive a dividend of NT$57.50. Ex-date: 20th March 2025 Payment date: 17th April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • Jul 31Dividend of NT$40.00 announcedShareholders will receive a dividend of NT$40.00. Ex-date: 15th August 2024 Payment date: 12th September 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 21First quarter 2026 earnings released: EPS: NT$46.63 (vs NT$48.28 in 1Q 2025)First quarter 2026 results: EPS: NT$46.63 (down from NT$48.28 in 1Q 2025). Revenue: NT$15.5b (up 6.6% from 1Q 2025). Net income: NT$6.12b (down 5.0% from 1Q 2025). Profit margin: 39% (down from 44% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.
Price Target Changed • Apr 20Price target increased by 7.4% to NT$2,869Up from NT$2,671, the current price target is an average from 18 analysts. New target price is 6.3% above last closing price of NT$2,700. Stock is up 28% over the past year. The company is forecast to post earnings per share of NT$181 for next year compared to NT$159 last year.
Buy Or Sell Opportunity • Apr 17Now 24% undervaluedOver the last 90 days, the stock has risen 6.8% to NT$2,595. The fair value is estimated to be NT$3,426, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$2,670, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,332 per share.
Upcoming Dividend • Mar 13Upcoming dividend of NT$52.00 per shareEligible shareholders must have bought the stock before 19 March 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 50% and the cash payout ratio is 78%. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: NT$159 (down from NT$194 in FY 2024). Revenue: NT$61.1b (up 2.8% from FY 2024). Net income: NT$21.3b (down 18% from FY 2024). Profit margin: 35% (down from 44% 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 2.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.
Declared Dividend • Feb 26Dividend of NT$52.00 announcedShareholders will receive a dividend of NT$52.00. Ex-date: 19th March 2026 Payment date: 16th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 25LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 09, 2026LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 09, 2026, at 09:00 Taipei Standard Time. Location: no,300, ch`eng kung w. rd., wurih district, taichung city Taiwan
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$2,385, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,160 per share.
Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$53.05 (up from NT$49.67 in 3Q 2024). Revenue: NT$17.7b (down 6.7% from 3Q 2024). Net income: NT$7.08b (up 6.8% from 3Q 2024). Profit margin: 40% (up from 35% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year.
Reported Earnings • Aug 06Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$7.73 (down from NT$33.70 in 2Q 2024). Revenue: NT$11.7b (up 6.3% from 2Q 2024). Net income: NT$1.03b (down 77% from 2Q 2024). Profit margin: 8.8% (down from 41% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year.
Declared Dividend • Jul 30Dividend of NT$28.00 announcedShareholders will receive a dividend of NT$28.00. Ex-date: 14th August 2025 Payment date: 11th September 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.9% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range.
Major Estimate Revision • Jul 11Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$63.2b to NT$61.7b. EPS estimate also fell from NT$183 per share to NT$161 per share. Net income forecast to shrink 15% next year vs 22% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$2,724 to NT$2,640. Share price was steady at NT$2,290 over the past week.
Buy Or Sell Opportunity • Jul 07Now 20% undervaluedOver the last 90 days, the stock has risen 9.8% to NT$2,180. The fair value is estimated to be NT$2,732, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 6.2%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period.
お知らせ • Jun 07LARGAN Precision Co.,Ltd. Approves Board ChangesLARGAN Precision Co.,Ltd. approved the appointment of New independent director Chin-Fang Lin: Largan Precision Vice President Kuang-Tao Chang: Chuangyi Investment Chairman Shu-Min Li: Taishin Securities Vice President in place of Shan-Chieh Yen, Ming-Hua Peng and Chun-Yi Lu. Effective date of the new appointment on June 6, 2025.
New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risks Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$48.28 (vs NT$45.79 in 1Q 2024)First quarter 2025 results: EPS: NT$48.28 (up from NT$45.79 in 1Q 2024). Revenue: NT$14.6b (up 29% from 1Q 2024). Net income: NT$6.44b (up 5.4% from 1Q 2024). Profit margin: 44% (down from 54% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year.
Buy Or Sell Opportunity • May 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to NT$2,120. The fair value is estimated to be NT$2,710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 4.4%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period.
お知らせ • Apr 12LARGAN Precision Co.,Ltd to Report Q1, 2025 Results on Apr 21, 2025LARGAN Precision Co.,Ltd announced that they will report Q1, 2025 results on Apr 21, 2025
Price Target Changed • Apr 11Price target decreased by 8.8% to NT$2,845Down from NT$3,119, the current price target is an average from 20 analysts. New target price is 40% above last closing price of NT$2,035. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$186 for next year compared to NT$194 last year.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$1,985, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,844 per share.
Upcoming Dividend • Mar 13Upcoming dividend of NT$57.50 per shareEligible shareholders must have bought the stock before 20 March 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.9%).
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Feb 28Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$194 (up from NT$134 in FY 2023). Revenue: NT$59.5b (up 22% from FY 2023). Net income: NT$25.9b (up 45% from FY 2023). Profit margin: 44% (up from 37% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Feb 26Dividend of NT$57.50 announcedShareholders will receive a dividend of NT$57.50. Ex-date: 20th March 2025 Payment date: 17th April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 25LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 06, 2025LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 06, 2025, at 09:00 Taipei Standard Time. Location: no,300, ch`eng kung w. rd., wurih district, taichung city Taiwan
お知らせ • Feb 15LARGAN Precision Co.,Ltd to Report Q4, 2024 Results on Feb 24, 2025LARGAN Precision Co.,Ltd announced that they will report Q4, 2024 results on Feb 24, 2025
New Risk • Nov 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$49.67 (up from NT$44.60 in 3Q 2023). Revenue: NT$18.9b (up 39% from 3Q 2023). Net income: NT$6.63b (up 11% from 3Q 2023). Profit margin: 35% (down from 44% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Oct 19LARGAN Precision Co.,Ltd to Report Q3, 2024 Results on Oct 28, 2024LARGAN Precision Co.,Ltd announced that they will report Q3, 2024 results on Oct 28, 2024
Price Target Changed • Oct 18Price target decreased by 7.1% to NT$3,121Down from NT$3,360, the current price target is an average from 20 analysts. New target price is 35% above last closing price of NT$2,320. Stock is up 14% over the past year. The company is forecast to post earnings per share of NT$178 for next year compared to NT$134 last year.
Reported Earnings • Aug 06Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$33.70 (up from NT$27.69 in 2Q 2023). Revenue: NT$11.0b (up 34% from 2Q 2023). Net income: NT$4.50b (up 22% from 2Q 2023). Profit margin: 41% (down from 45% in 2Q 2023). 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 8.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Declared Dividend • Jul 31Dividend of NT$40.00 announcedShareholders will receive a dividend of NT$40.00. Ex-date: 15th August 2024 Payment date: 12th September 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 30LARGAN Precision Co.,Ltd Announces Common Stock Cash Dividend for the First Half of 2024, Payable on September 12, 2024LARGAN Precision Co.,Ltd announced common stock cash dividends of TWD 5,338,727,880 for the first half of 2024. Ex-rights (ex-dividend) trading date is August 15, 2024. Ex-rights (ex-dividend) record date is August 22, 2024. Payment date of common stock cash dividend distribution is September 12, 2024.
お知らせ • Jul 17LARGAN Precision Co.,Ltd to Report Q2, 2024 Results on Jul 29, 2024LARGAN Precision Co.,Ltd announced that they will report Q2, 2024 results on Jul 29, 2024
Price Target Changed • Jul 12Price target increased by 8.8% to NT$3,318Up from NT$3,050, the current price target is an average from 20 analysts. New target price is 8.3% above last closing price of NT$3,065. Stock is up 33% over the past year. The company is forecast to post earnings per share of NT$177 for next year compared to NT$134 last year.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$3,110, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,633 per share.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$2,640, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,454 per share.
Reported Earnings • May 15First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: NT$45.79 (up from NT$24.64 in 1Q 2023). Revenue: NT$11.3b (up 24% from 1Q 2023). Net income: NT$6.11b (up 86% from 1Q 2023). Profit margin: 54% (up from 36% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • Mar 14Upcoming dividend of NT$41.00 per shareEligible shareholders must have bought the stock before 21 March 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 50% and the cash payout ratio is 99%. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.8%). Lower than average of industry peers (3.4%).
Reported Earnings • Mar 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$134 (down from NT$170 in FY 2022). Revenue: NT$48.8b (up 2.4% from FY 2022). Net income: NT$17.9b (down 21% from FY 2022). Profit margin: 37% (down from 48% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year.
Declared Dividend • Feb 29Dividend of NT$41.00 announcedShareholders will receive a dividend of NT$41.00. Ex-date: 21st March 2024 Payment date: 17th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 27LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 07, 2024LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 07, 2024. Location: No. 300, Chenggong W. Rd., Wuri Dist. Taichung Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee Review Report; to consider 2023 Employee and Director Compensation Report; to consider 2023 Cash Dividend Earnings Distribution Report; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings Distribution; and to consider any other matters.
Price Target Changed • Jan 12Price target increased by 9.8% to NT$2,898Up from NT$2,639, the current price target is an average from 19 analysts. New target price is 11% above last closing price of NT$2,615. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$139 for next year compared to NT$170 last year.
Upcoming Dividend • Aug 10Upcoming dividend of NT$26.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
お知らせ • Jul 25LARGAN Precision Co.,Ltd Declares Cash Dividend for First Half of 2023, payable on September 14, 2023LARGAN Precision Co.,Ltd declares cash dividend for first half of 2023. Type and monetary amount of dividend distribution: Cash dividends of TWD 3,536,907,221. Ex-rights (ex-dividend) trading date: August 17, 2023. Ex-rights (ex-dividend) record date: August 24, 2023. Payment date of cash dividend distribution: September 14, 2023.
Reported Earnings • Jul 16Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$27.69 (down from NT$37.06 in 2Q 2022). Revenue: NT$8.19b (down 15% from 2Q 2022). Net income: NT$3.70b (down 25% from 2Q 2022). Profit margin: 45% (down from 51% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Mar 09Upcoming dividend of NT$46.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 16 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (4.5%).
Reported Earnings • Feb 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$170 (up from NT$139 in FY 2021). Revenue: NT$47.7b (up 1.5% from FY 2021). Net income: NT$22.6b (up 21% from FY 2021). Profit margin: 48% (up from 40% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic 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 fallen by 21% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Ming-Hua Peng was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 02Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$61.01 (up from NT$39.22 in 3Q 2021). Revenue: NT$13.5b (up 13% from 3Q 2021). Net income: NT$8.14b (up 55% from 3Q 2021). Profit margin: 60% (up from 44% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Oct 14Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$44.9b to NT$46.1b. EPS estimate increased from NT$150 to NT$165 per share. Net income forecast to shrink 3.9% next year vs 3.5% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$1,986. Share price fell 2.4% to NT$1,800 over the past week.
Buying Opportunity • Oct 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be NT$2,054, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to decline by 12% in the next 2 years.
Upcoming Dividend • Aug 11Upcoming dividend of NT$39.50 per shareEligible shareholders must have bought the stock before 18 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.6%).
Reported Earnings • Jul 26Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$37.06 (up from NT$22.07 in 2Q 2021). Revenue: NT$9.68b (down 4.3% from 2Q 2021). Net income: NT$4.95b (up 67% from 2Q 2021). Profit margin: 51% (up from 29% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 49%. Over the next year, revenue is forecast to grow 2.1%, compared to a 9.4% growth forecast for the 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 fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 09+ 1 more updateLARGAN Precision Co.,Ltd Announces Executive AppointmentsThe board of directors of LARGAN Precision Co.,Ltd announced the election of chairman, Vice chairman and appointed president of the company as follows: Name of the previous position holder: En-Chou Lin Chairman and En-Ping Lin Vice Chairman. Resume of the previous position holder: En-Chou Lin: Largan Precision Chairman and En-Ping Lin: Largan Precision Vice Chairman. Name of the new position holder: En-Ping Lin Chairman, You-Chih Huang Vice Chairman and You-Chih Huang President. Resume of the new position holder: En-Ping Lin: Largan Precision Vice Chairman, You-Chih Huang: Largan Precision CTO. Effective date of the new appointment is June 8, 2022.
Price Target Changed • Apr 27Price target decreased to NT$1,973Down from NT$2,329, the current price target is an average from 18 analysts. New target price is 21% above last closing price of NT$1,635. Stock is down 47% over the past year. The company is forecast to post earnings per share of NT$138 for next year compared to NT$139 last year.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$41.30 (up from NT$39.63 in 1Q 2021). Revenue: NT$10.1b (down 14% from 1Q 2021). Net income: NT$5.51b (up 3.7% from 1Q 2021). Profit margin: 54% (up from 45% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ming-Hua Peng was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Apr 15Price target decreased to NT$2,140Down from NT$2,414, the current price target is an average from 17 analysts. New target price is 30% above last closing price of NT$1,645. Stock is down 48% over the past year. The company is forecast to post earnings per share of NT$139 for next year compared to NT$139 last year.
Upcoming Dividend • Mar 08Upcoming dividend of NT$39.00 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 50% and the cash payout ratio is 82%. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$139 (down from NT$183 in FY 2020). Revenue: NT$47.0b (down 16% from FY 2020). Net income: NT$18.7b (down 24% from FY 2020). Profit margin: 40% (down from 44% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 4.8%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 22LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 08, 2022LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 08, 2022. Location: No. 300, Chenggong W. Rd., Wuri Dist. Taichung Taiwan Agenda: To consider the 2021 business report; to consider the 2021 supervisor's review report; to consider the 2021 employee, director and supervisor compensation report; to consider the 2021 cash dividend earnings distribution report; 2021 business report and financial statements; and to consider the 2021 earnings distribution; to consider amendment to the articles of incorporation; to consider amendment to the procedures for election of directors; and to consider other matters.
Upcoming Dividend • Jan 05Upcoming dividend of NT$31.16 per shareEligible shareholders must have bought the stock before 12 January 2022. Payment date: 10 February 2022. Payout ratio and cash payout ratio are on the higher end at 80% and 78% respectively. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$2,410, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,628 per share.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS NT$39.22 (vs NT$43.74 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: NT$12.0b (down 19% from 3Q 2020). Net income: NT$5.26b (down 10% from 3Q 2020). Profit margin: 44% (up from 40% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Oct 08Price target decreased to NT$2,865Down from NT$3,209, the current price target is an average from 18 analysts. New target price is 43% above last closing price of NT$2,005. Stock is down 41% over the past year.
Upcoming Dividend • Aug 03Upcoming dividend of NT$91.50 per shareEligible shareholders must have bought the stock before 10 August 2021. Payment date: 03 September 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (3.0%).
Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS NT$22.07 (vs NT$37.19 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$10.1b (down 20% from 2Q 2020). Net income: NT$2.96b (down 41% from 2Q 2020). Profit margin: 29% (down from 39% in 2Q 2020). The decrease in margin was driven by lower revenue. 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 17% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Jul 10Consensus EPS estimates fall to NT$164The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$55.9b to NT$52.9b. EPS estimate also fell from NT$186 to NT$164. Net income forecast to grow 0.3% next year vs 19% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$3,409. Share price fell 3.7% to NT$2,990 over the past week.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS NT$39.62 (vs NT$50.10 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.8b (down 11% from 1Q 2020). Net income: NT$5.32b (down 21% from 1Q 2020). Profit margin: 45% (down from 51% in 1Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Apr 08Consensus EPS estimates fall to NT$180The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$60.4b to NT$59.2b. EPS estimate also fell from NT$202 to NT$180. Net income forecast to grow 5.2% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$3,490. Share price fell 5.5% to NT$3,000 over the past week.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.8%, compared to a 16% growth forecast for the Electronic industry in Taiwan.
お知らせ • Feb 23LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 10, 2021LARGAN Precision Co.,Ltd, Annual General Meeting, Jun 10, 2021. Location: No. 300, Chenggong W. Rd., Wuri Dist., Taichung Taiwan Agenda: To consider the 2020 business report; to consider the 2020 supervisors' review report; to consider the 2020 employee, director and supervisor compensation report; to consider the 2020 cash dividend earnings distribution report; 2020 business report and financial statements; and to consider the 2020 earnings distribution.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS NT$183 (vs NT$211 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$55.9b (down 7.9% from FY 2019). Net income: NT$24.5b (down 13% from FY 2019). Profit margin: 44% (down from 47% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.
Is New 90 Day High Low • Feb 22New 90-day high: NT$3,510The company is up 4.0% from its price of NT$3,370 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$3,884 per share.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$3,510, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 15.9x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total return to shareholders over the past three years is a loss of 2.0%.
お知らせ • Jan 08LARGAN Precision Co.,Ltd announced that it has received TWD 534.70728 million in funding from CMC Magnetics CorporationOn January 6, 2020, LARGAN Precision Co.,Ltd (TSEC:3008) closed the transaction.
お知らせ • Oct 29LARGAN Precision Co.,Ltd announced that it has received TWD 328.02018 million in funding from CMC Magnetics CorporationOn October 28, 2020, LARGAN Precision Co.,Ltd closed the transaction.
Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$25.7b, down 3.7% from the prior year. Total revenue was NT$59.0b over the last 12 months, up 7.5% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 27Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 3.2% at NT$14.8b. Earnings per share (EPS) also missed analyst estimates by 21% at NT$43.74. Revenue is forecast to grow 2.7% over the next year, compared to a 10.0% growth forecast for the Electronic industry in Taiwan.
お知らせ • Oct 14LARGAN Precision Co.,Ltd announced that it has received TWD 306.07574 million in funding from CMC Magnetics CorporationOn October 12, 2020, LARGAN Precision Co.,Ltd (TSEC:3008) closed the transaction.