View ValuationAsia Optical 将来の成長Future 基準チェック /16Asia Opticalは、15.5%と10.3%でそれぞれ年率15.5%で利益と収益が成長すると予測される一方、EPSはgrowで15.4%年率。主要情報15.5%収益成長率15.43%EPS成長率Electronic 収益成長31.9%収益成長率10.3%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日16 Mar 2026今後の成長に関する最新情報Price Target Changed • Mar 10Price target decreased by 7.0% to NT$165Down from NT$178, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$126. Stock is down 18% over the past year. The company posted earnings per share of NT$6.60 last year.すべての更新を表示Recent updatesReported Earnings • May 06First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.05 (up from NT$0.79 in 1Q 2025). Revenue: NT$6.21b (up 15% from 1Q 2025). Net income: NT$294.2m (up 33% from 1Q 2025). Profit margin: 4.7% (up from 4.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.New Risk • May 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 29% 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 (29% accrual ratio). Minor Risk Dividend is not well covered by cash flows (152% cash payout ratio).Price Target Changed • Mar 10Price target decreased by 7.0% to NT$165Down from NT$178, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$126. Stock is down 18% over the past year. The company posted earnings per share of NT$6.60 last year.Reported Earnings • Mar 08Full year 2025 earnings released: EPS: NT$6.60 (vs NT$5.79 in FY 2024)Full year 2025 results: EPS: NT$6.60 (up from NT$5.79 in FY 2024). Revenue: NT$26.4b (up 15% from FY 2024). Net income: NT$1.84b (up 14% from FY 2024). Profit margin: 7.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 05Asia Optical Co., Inc., Annual General Meeting, May 27, 2026Asia Optical Co., Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,1, chien kuo rd., tanzih district, taichung city TaiwanBuy Or Sell Opportunity • Jan 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.5% to NT$164. The fair value is estimated to be NT$136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.86 (vs NT$2.45 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.86 (down from NT$2.45 in 3Q 2024). Revenue: NT$7.15b (up 4.8% from 3Q 2024). Net income: NT$520.4m (down 24% from 3Q 2024). Profit margin: 7.3% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 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 31% per year and the company’s share price has also increased by 31% per year.Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: NT$2.86 (vs NT$1.60 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.86 (up from NT$1.60 in 2Q 2024). Revenue: NT$6.91b (up 23% from 2Q 2024). Net income: NT$798.9m (up 79% from 2Q 2024). Profit margin: 12% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 2 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 25% per year whereas the company’s share price has increased by 30% per year.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$154, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years.Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).Declared Dividend • May 31Dividend increased to NT$4.00Dividend of NT$4.00 is 122% higher than last year. Ex-date: 24th June 2025 Payment date: 18th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 30Asia Optical Co., Inc. Announces Cash Dividend, Payable on July 18, 2025Asia Optical Co., Inc. at the board of directors or shareholders meeting or decision by the Company on May 29, 2025, Cash Dividend: TWD 1,116,975,604 (cash dividend of TWD 4 per share). Ex-rights (ex-dividend) trading date: June 24, 2025; Ex-rights (ex-dividend) record date: June 30, 2025; Payment date of common stock cash dividend distribution: July 18, 2025.Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$0.79 (vs NT$0.40 in 1Q 2024)First quarter 2025 results: EPS: NT$0.79 (up from NT$0.40 in 1Q 2024). Revenue: NT$5.41b (up 26% from 1Q 2024). Net income: NT$220.6m (up 99% from 1Q 2024). Profit margin: 4.1% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 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 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 24Asia Optical Co., Inc. to Report Q1, 2025 Results on May 02, 2025Asia Optical Co., Inc. announced that they will report Q1, 2025 results on May 02, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$121, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 83% over the past three years.分析記事 • Mar 31Asia Optical Co., Inc. (TWSE:3019) Shares May Have Slumped 26% But Getting In Cheap Is Still UnlikelyAsia Optical Co., Inc. ( TWSE:3019 ) shareholders won't be pleased to see that the share price has had a very rough...New Risk • Mar 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$5.79 (vs NT$2.78 in FY 2023)Full year 2024 results: EPS: NT$5.79 (up from NT$2.78 in FY 2023). Revenue: NT$23.0b (up 29% from FY 2023). Net income: NT$1.62b (up 108% from FY 2023). Profit margin: 7.0% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$155, the stock trades at a trailing P/E ratio of 28.4x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years.お知らせ • Mar 05Asia Optical Co., Inc., Annual General Meeting, May 29, 2025Asia Optical Co., Inc., Annual General Meeting, May 29, 2025. Location: 3 floor no,1, chien kuo rd., tanzih district, taichung city Taiwanお知らせ • Feb 25Asia Optical Co., Inc. to Report Q4, 2024 Results on Mar 04, 2025Asia Optical Co., Inc. announced that they will report Q4, 2024 results on Mar 04, 2025分析記事 • Feb 13There's Reason For Concern Over Asia Optical Co., Inc.'s (TWSE:3019) Massive 26% Price JumpAsia Optical Co., Inc. ( TWSE:3019 ) shares have continued their recent momentum with a 26% gain in the last month...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a trailing P/E ratio of 34x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.分析記事 • Jan 09Asia Optical (TWSE:3019) Hasn't Managed To Accelerate Its ReturnsThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...分析記事 • Dec 19Subdued Growth No Barrier To Asia Optical Co., Inc. (TWSE:3019) With Shares Advancing 49%Asia Optical Co., Inc. ( TWSE:3019 ) shareholders would be excited to see that the share price has had a great month...New Risk • Dec 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.2% average weekly change).New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$128, the stock trades at a trailing P/E ratio of 23.5x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 59% over the past three years.分析記事 • Dec 05Why Asia Optical Co., Inc. (TWSE:3019) Could Be Worth WatchingAsia Optical Co., Inc. ( TWSE:3019 ), is not the largest company out there, but it saw a decent share price growth of...分析記事 • Nov 14Shareholders Can Be Confident That Asia Optical's (TWSE:3019) Earnings Are High QualityEven though Asia Optical Co., Inc.'s ( TWSE:3019 ) recent earnings release was robust, the market didn't seem to...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$2.46 (vs NT$0.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$2.46 (up from NT$0.65 in 3Q 2023). Revenue: NT$6.83b (up 45% from 3Q 2023). Net income: NT$684.7m (up 277% from 3Q 2023). Profit margin: 10.0% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% 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 increased by 7% per year, which means it is well ahead of earnings.お知らせ • Oct 24Asia Optical Co., Inc. to Report Q3, 2024 Results on Nov 01, 2024Asia Optical Co., Inc. announced that they will report Q3, 2024 results on Nov 01, 2024New Risk • Sep 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$132, the stock trades at a trailing P/E ratio of 36.2x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 97% over the past three years.分析記事 • Aug 26There's Reason For Concern Over Asia Optical Co., Inc.'s (TWSE:3019) Massive 42% Price JumpDespite an already strong run, Asia Optical Co., Inc. ( TWSE:3019 ) shares have been powering on, with a gain of 42% in...Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$118, the stock trades at a trailing P/E ratio of 32.3x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years.New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.分析記事 • Aug 09Asia Optical (TWSE:3019) May Have Issues Allocating Its CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$1.59 (vs NT$1.06 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.59 (up from NT$1.06 in 2Q 2023). Revenue: NT$5.61b (up 26% from 2Q 2023). Net income: NT$446.1m (up 50% from 2Q 2023). Profit margin: 7.9% (up from 6.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Jul 24Asia Optical Co., Inc. to Report Q2, 2024 Results on Aug 01, 2024Asia Optical Co., Inc. announced that they will report Q2, 2024 results on Aug 01, 2024分析記事 • Jul 11Earnings Not Telling The Story For Asia Optical Co., Inc. (TWSE:3019) After Shares Rise 32%The Asia Optical Co., Inc. ( TWSE:3019 ) share price has done very well over the last month, posting an excellent gain...Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total loss to shareholders of 1.3% over the past three years.Declared Dividend • Jun 03Dividend reduced to NT$1.80Dividend of NT$1.80 is 5.3% lower than last year. Ex-date: 20th June 2024 Payment date: 19th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.5% EPS decline seen over the last 5 years.お知らせ • Jun 01Asia Optical Co., Inc. Declares Dividend, Payable on July 19, 2024Asia Optical Co., Inc. declares dividend of TWD 1.8 per share, payable on July 19, 2024. Ex-rights (ex-dividend) trading date is June 20, 2024. Ex-rights (ex-dividend) record date is June 28, 2024.Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.073 in 1Q 2023)First quarter 2024 results: EPS: NT$0.40 (up from NT$0.073 in 1Q 2023). Revenue: NT$4.29b (up 12% from 1Q 2023). Net income: NT$110.8m (up 446% from 1Q 2023). Profit margin: 2.6% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Mar 19Asia Optical's (TWSE:3019) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Asia Optical Co., Inc.'s ( TWSE:3019 ) lackluster earnings report last week. We...New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.78 (vs NT$3.29 in FY 2022)Full year 2023 results: EPS: NT$2.78 (down from NT$3.29 in FY 2022). Revenue: NT$17.8b (down 6.5% from FY 2022). Net income: NT$777.0m (down 16% from FY 2022). Profit margin: 4.4% (down from 4.8% in FY 2022). 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 11% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 02Asia Optical Co., Inc., Annual General Meeting, Jun 18, 2024Asia Optical Co., Inc., Annual General Meeting, Jun 18, 2024. Location: 7th Floor, Conference Room, NO. 158, Fengli Road, Tanzi District, Taichung City Taichung City Taiwan Agenda: To consider 2023 Business Report ; to Supervisors' Review Report; to Report for 2023 compensation Distribution to Employees and Directors ; to 2023 Business Report and Financial Report ; to 2023 Profit Appropriation ; and to consider other matters if any.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.65 (vs NT$1.62 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.65 (down from NT$1.62 in 3Q 2022). Revenue: NT$4.72b (down 7.5% from 3Q 2022). Net income: NT$181.8m (down 60% from 3Q 2022). Profit margin: 3.9% (down from 8.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: NT$1.07 (vs NT$1.00 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.07 (up from NT$1.00 in 2Q 2022). Revenue: NT$4.45b (down 8.7% from 2Q 2022). Net income: NT$296.7m (up 5.5% from 2Q 2022). Profit margin: 6.7% (up from 5.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 23Upcoming dividend of NT$1.90 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 62% and the cash payout ratio is 76%. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).お知らせ • Jun 14Asia Optical Co., Inc. Declares Dividend, Payable on July 25, 2023Asia Optical Co., Inc. declares dividend of TWD 1.9 per share, payable on July 25, 2023. Ex-rights (ex-dividend) trading date is June 30, 2023. Ex-rights (ex-dividend) record date is July 8, 2023.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Deng-Ke Zhong was the last independent director to join the board, commencing their role in 2019. 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 05Third quarter 2022 earnings released: EPS: NT$1.62 (vs NT$1.31 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.62 (up from NT$1.31 in 3Q 2021). Revenue: NT$5.10b (down 5.1% from 3Q 2021). Net income: NT$454.7m (up 24% from 3Q 2021). Profit margin: 8.9% (up from 6.8% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.36 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.00 (down from NT$1.36 in 2Q 2021). Revenue: NT$4.87b (down 6.8% from 2Q 2021). Net income: NT$281.1m (down 27% from 2Q 2021). Profit margin: 5.8% (down from 7.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 30Upcoming dividend of NT$3.70 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.6%).Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$0.28 (vs NT$1.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.28 (down from NT$1.08 in 1Q 2021). Revenue: NT$4.49b (down 5.1% from 1Q 2021). Net income: NT$77.9m (down 74% from 1Q 2021). Profit margin: 1.7% (down from 6.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less 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 Deng-Ke Zhong 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 • Mar 28Full year 2021 earnings released: EPS: NT$5.34 (vs NT$1.41 in FY 2020)Full year 2021 results: EPS: NT$5.34 (up from NT$1.41 in FY 2020). Revenue: NT$21.0b (up 33% from FY 2020). Net income: NT$1.50b (up 278% from FY 2020). Profit margin: 7.2% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.お知らせ • Jan 26Asia Optical Co., Inc. Reaches Settlement Agreement with Samsung Electronics Japan Co., Ltd. Regarding Patent Infringement Lawsuit Related CasesAsia Optical Co., Inc. announced that the company has filed a patent infringement lawsuit against Samsung Electronics Japan Co., Ltd. at the Tokyo District Court on August 3rd, 2020, and now both parties have reached a settlement agreement with confidentiality clause. The Company will withdraw its relevant claims against Samsung Electronics Japan Co., Ltd. pursuant to the settlement agreement. Other contents of settlement shall keep confidential due to both parties' confidential information.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$0.66 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.37b (up 18% from 3Q 2020). Net income: NT$367.9m (up 97% from 3Q 2020). Profit margin: 6.8% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.36 (vs NT$0.59 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.23b (up 35% from 2Q 2020). Net income: NT$382.9m (up 129% from 2Q 2020). Profit margin: 7.3% (up from 4.3% in 2Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2021. Payment date: 31 August 2021. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$92.50, the stock trades at a trailing P/E ratio of 31.9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 9.9% over the past three years.Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.08 (vs NT$0.41 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.73b (up 62% from 1Q 2020). Net income: NT$304.0m (up NT$418.4m from 1Q 2020). Profit margin: 6.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$77.00, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 8.3% over the past three years.分析記事 • Apr 12Should Asia Optical Co., Inc. (TPE:3019) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Asia Optical Co., Inc. ( TPE:3019 ) tend to be popular with investors, and for good reason...お知らせ • Mar 20Asia Optical Co., Inc., Annual General Meeting, Jun 25, 2021Asia Optical Co., Inc., Annual General Meeting, Jun 25, 2021. Location: 7th Floor, Conference Room, NO.158, Fengli Road, Tanzi Dist Taichung City Taiwan Agenda: To consider 2020 business report; to supervisors' review report; to the company's accumulated loss as of 2020 was amounted to one-half of the paid-up capital; to 2020 business report and financial reports; and to 2020 loss appropriation.Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$1.41 (vs NT$3.41 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$15.8b (down 13% from FY 2019). Net income: NT$396.9m (down 59% from FY 2019). Profit margin: 2.5% (down from 5.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Mar 07Is There More Growth In Store For Asia Optical's (TPE:3019) Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Feb 18New 90-day high: NT$85.50The company is up 22% from its price of NT$70.00 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 22% over the same period.分析記事 • Feb 04Did You Participate In Any Of Asia Optical's (TPE:3019) Fantastic 178% Return ?The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you...分析記事 • Jan 20Asia Optical Co., Inc.'s (TPE:3019) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Asia Optical's (TPE:3019) stock is up by a considerable 10% over the past three months. We wonder if and what role the...分析記事 • Jan 05Asia Optical Co., Inc. (TPE:3019) Is Yielding 2.6% - But Is It A Buy?Dividend paying stocks like Asia Optical Co., Inc. ( TPE:3019 ) tend to be popular with investors, and for good reason...Is New 90 Day High Low • Dec 09New 90-day high: NT$78.80The company is up 22% from its price of NT$64.40 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period.分析記事 • Dec 06Here’s What’s Happening With Returns At Asia Optical (TPE:3019)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Nov 17New 90-day high: NT$69.40The company is up 1.0% from its price of NT$68.50 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 1.0% over the same period.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.66The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.56b (down 8.3% from 3Q 2019). Net income: NT$186.7m (down 52% from 3Q 2019). Profit margin: 4.1% (down from 7.8% 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 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Sep 25New 90-day low: NT$62.20The company is down 11% from its price of NT$70.20 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.業績と収益の成長予測TWSE:3019 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202732,5942,4892,1303,119212/31/202629,1162,0502,5034,02533/31/202627,2461,9178462,123N/A12/31/202526,4461,8439882,104N/A9/30/202525,7861,9141,0302,079N/A6/30/202525,4622,0782,1373,167N/A3/31/202524,1681,7262,3453,228N/A12/31/202423,0471,6162,9133,827N/A9/30/202421,5581,5203,4754,257N/A6/30/202419,4461,0172,8283,412N/A3/31/202418,2838682,6173,238N/A12/31/202317,8307771,6672,240N/A9/30/202317,6176097211,258N/A6/30/202318,0018821,5522,081N/A3/31/202318,4248671,3731,852N/A12/31/202219,0779241,8962,299N/A9/30/202220,1101,2601,3281,855N/A6/30/202220,3831,1737241,382N/A3/31/202220,7371,2759391,638N/A12/31/202120,9771,5018911,594N/A9/30/202119,7231,2121,5152,053N/A6/30/202118,9121,0311,5531,942N/A3/31/202117,5658151,5651,891N/A12/31/202015,7603971,8332,182N/A9/30/202015,3343061,6082,030N/A6/30/202015,7445081,8982,324N/A3/31/202016,9337441,5681,965N/A12/31/201918,118959N/A1,941N/A9/30/201918,9611,187N/A2,386N/A6/30/201919,1181,212N/A2,321N/A3/31/201919,1171,101N/A2,559N/A12/31/201819,0831,093N/A2,481N/A9/30/201818,920883N/A2,827N/A6/30/201818,885778N/A2,159N/A3/31/201818,997682N/A2,187N/A12/31/201718,687620N/A2,302N/A9/30/201718,395576N/A2,093N/A6/30/201718,552426N/A3,275N/A3/31/201718,165345N/A3,422N/A12/31/201617,938337N/A3,329N/A9/30/201618,027213N/A2,588N/A6/30/201617,908235N/A1,978N/A3/31/201617,797178N/A2,181N/A12/31/201518,261104N/A2,208N/A9/30/201518,16311N/A2,267N/A6/30/201517,850-169N/A1,492N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3019の予測収益成長率 (年間15.5% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 3019の収益 ( 15.5% ) TW市場 ( 25.2% ) よりも低い成長が予測されています。高成長収益: 3019の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 3019の収益 ( 10.3% ) TW市場 ( 18.2% ) よりも低い成長が予測されています。高い収益成長: 3019の収益 ( 10.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 3019の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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 02:09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Asia Optical Co., Inc. 3 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。5 アナリスト機関Yiho LiuCapital Securities CorporationKylie HuangMacquarie ResearchJunzhe HungMasterlink Securities Investment Advisory2 その他のアナリストを表示
Price Target Changed • Mar 10Price target decreased by 7.0% to NT$165Down from NT$178, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$126. Stock is down 18% over the past year. The company posted earnings per share of NT$6.60 last year.
Reported Earnings • May 06First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$1.05 (up from NT$0.79 in 1Q 2025). Revenue: NT$6.21b (up 15% from 1Q 2025). Net income: NT$294.2m (up 33% from 1Q 2025). Profit margin: 4.7% (up from 4.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
New Risk • May 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 29% 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 (29% accrual ratio). Minor Risk Dividend is not well covered by cash flows (152% cash payout ratio).
Price Target Changed • Mar 10Price target decreased by 7.0% to NT$165Down from NT$178, the current price target is provided by 1 analyst. New target price is 31% above last closing price of NT$126. Stock is down 18% over the past year. The company posted earnings per share of NT$6.60 last year.
Reported Earnings • Mar 08Full year 2025 earnings released: EPS: NT$6.60 (vs NT$5.79 in FY 2024)Full year 2025 results: EPS: NT$6.60 (up from NT$5.79 in FY 2024). Revenue: NT$26.4b (up 15% from FY 2024). Net income: NT$1.84b (up 14% from FY 2024). Profit margin: 7.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 05Asia Optical Co., Inc., Annual General Meeting, May 27, 2026Asia Optical Co., Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,1, chien kuo rd., tanzih district, taichung city Taiwan
Buy Or Sell Opportunity • Jan 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.5% to NT$164. The fair value is estimated to be NT$136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 31%.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.86 (vs NT$2.45 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.86 (down from NT$2.45 in 3Q 2024). Revenue: NT$7.15b (up 4.8% from 3Q 2024). Net income: NT$520.4m (down 24% from 3Q 2024). Profit margin: 7.3% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 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 31% per year and the company’s share price has also increased by 31% per year.
Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: NT$2.86 (vs NT$1.60 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.86 (up from NT$1.60 in 2Q 2024). Revenue: NT$6.91b (up 23% from 2Q 2024). Net income: NT$798.9m (up 79% from 2Q 2024). Profit margin: 12% (up from 7.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 2 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 25% per year whereas the company’s share price has increased by 30% per year.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$154, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 169% over the past three years.
Upcoming Dividend • Jun 17Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 24 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Declared Dividend • May 31Dividend increased to NT$4.00Dividend of NT$4.00 is 122% higher than last year. Ex-date: 24th June 2025 Payment date: 18th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 30Asia Optical Co., Inc. Announces Cash Dividend, Payable on July 18, 2025Asia Optical Co., Inc. at the board of directors or shareholders meeting or decision by the Company on May 29, 2025, Cash Dividend: TWD 1,116,975,604 (cash dividend of TWD 4 per share). Ex-rights (ex-dividend) trading date: June 24, 2025; Ex-rights (ex-dividend) record date: June 30, 2025; Payment date of common stock cash dividend distribution: July 18, 2025.
Reported Earnings • May 07First quarter 2025 earnings released: EPS: NT$0.79 (vs NT$0.40 in 1Q 2024)First quarter 2025 results: EPS: NT$0.79 (up from NT$0.40 in 1Q 2024). Revenue: NT$5.41b (up 26% from 1Q 2024). Net income: NT$220.6m (up 99% from 1Q 2024). Profit margin: 4.1% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 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 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 24Asia Optical Co., Inc. to Report Q1, 2025 Results on May 02, 2025Asia Optical Co., Inc. announced that they will report Q1, 2025 results on May 02, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$121, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 83% over the past three years.
分析記事 • Mar 31Asia Optical Co., Inc. (TWSE:3019) Shares May Have Slumped 26% But Getting In Cheap Is Still UnlikelyAsia Optical Co., Inc. ( TWSE:3019 ) shareholders won't be pleased to see that the share price has had a very rough...
New Risk • Mar 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$5.79 (vs NT$2.78 in FY 2023)Full year 2024 results: EPS: NT$5.79 (up from NT$2.78 in FY 2023). Revenue: NT$23.0b (up 29% from FY 2023). Net income: NT$1.62b (up 108% from FY 2023). Profit margin: 7.0% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$155, the stock trades at a trailing P/E ratio of 28.4x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 132% over the past three years.
お知らせ • Mar 05Asia Optical Co., Inc., Annual General Meeting, May 29, 2025Asia Optical Co., Inc., Annual General Meeting, May 29, 2025. Location: 3 floor no,1, chien kuo rd., tanzih district, taichung city Taiwan
お知らせ • Feb 25Asia Optical Co., Inc. to Report Q4, 2024 Results on Mar 04, 2025Asia Optical Co., Inc. announced that they will report Q4, 2024 results on Mar 04, 2025
分析記事 • Feb 13There's Reason For Concern Over Asia Optical Co., Inc.'s (TWSE:3019) Massive 26% Price JumpAsia Optical Co., Inc. ( TWSE:3019 ) shares have continued their recent momentum with a 26% gain in the last month...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$185, the stock trades at a trailing P/E ratio of 34x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 138% over the past three years.
分析記事 • Jan 09Asia Optical (TWSE:3019) Hasn't Managed To Accelerate Its ReturnsThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
分析記事 • Dec 19Subdued Growth No Barrier To Asia Optical Co., Inc. (TWSE:3019) With Shares Advancing 49%Asia Optical Co., Inc. ( TWSE:3019 ) shareholders would be excited to see that the share price has had a great month...
New Risk • Dec 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.2% average weekly change).
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$128, the stock trades at a trailing P/E ratio of 23.5x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 59% over the past three years.
分析記事 • Dec 05Why Asia Optical Co., Inc. (TWSE:3019) Could Be Worth WatchingAsia Optical Co., Inc. ( TWSE:3019 ), is not the largest company out there, but it saw a decent share price growth of...
分析記事 • Nov 14Shareholders Can Be Confident That Asia Optical's (TWSE:3019) Earnings Are High QualityEven though Asia Optical Co., Inc.'s ( TWSE:3019 ) recent earnings release was robust, the market didn't seem to...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$2.46 (vs NT$0.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$2.46 (up from NT$0.65 in 3Q 2023). Revenue: NT$6.83b (up 45% from 3Q 2023). Net income: NT$684.7m (up 277% from 3Q 2023). Profit margin: 10.0% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% 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 increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Oct 24Asia Optical Co., Inc. to Report Q3, 2024 Results on Nov 01, 2024Asia Optical Co., Inc. announced that they will report Q3, 2024 results on Nov 01, 2024
New Risk • Sep 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$132, the stock trades at a trailing P/E ratio of 36.2x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 97% over the past three years.
分析記事 • Aug 26There's Reason For Concern Over Asia Optical Co., Inc.'s (TWSE:3019) Massive 42% Price JumpDespite an already strong run, Asia Optical Co., Inc. ( TWSE:3019 ) shares have been powering on, with a gain of 42% in...
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$118, the stock trades at a trailing P/E ratio of 32.3x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years.
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
分析記事 • Aug 09Asia Optical (TWSE:3019) May Have Issues Allocating Its CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$1.59 (vs NT$1.06 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.59 (up from NT$1.06 in 2Q 2023). Revenue: NT$5.61b (up 26% from 2Q 2023). Net income: NT$446.1m (up 50% from 2Q 2023). Profit margin: 7.9% (up from 6.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Jul 24Asia Optical Co., Inc. to Report Q2, 2024 Results on Aug 01, 2024Asia Optical Co., Inc. announced that they will report Q2, 2024 results on Aug 01, 2024
分析記事 • Jul 11Earnings Not Telling The Story For Asia Optical Co., Inc. (TWSE:3019) After Shares Rise 32%The Asia Optical Co., Inc. ( TWSE:3019 ) share price has done very well over the last month, posting an excellent gain...
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$79.50, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total loss to shareholders of 1.3% over the past three years.
Declared Dividend • Jun 03Dividend reduced to NT$1.80Dividend of NT$1.80 is 5.3% lower than last year. Ex-date: 20th June 2024 Payment date: 19th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.5% EPS decline seen over the last 5 years.
お知らせ • Jun 01Asia Optical Co., Inc. Declares Dividend, Payable on July 19, 2024Asia Optical Co., Inc. declares dividend of TWD 1.8 per share, payable on July 19, 2024. Ex-rights (ex-dividend) trading date is June 20, 2024. Ex-rights (ex-dividend) record date is June 28, 2024.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.073 in 1Q 2023)First quarter 2024 results: EPS: NT$0.40 (up from NT$0.073 in 1Q 2023). Revenue: NT$4.29b (up 12% from 1Q 2023). Net income: NT$110.8m (up 446% from 1Q 2023). Profit margin: 2.6% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 19Asia Optical's (TWSE:3019) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Asia Optical Co., Inc.'s ( TWSE:3019 ) lackluster earnings report last week. We...
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.78 (vs NT$3.29 in FY 2022)Full year 2023 results: EPS: NT$2.78 (down from NT$3.29 in FY 2022). Revenue: NT$17.8b (down 6.5% from FY 2022). Net income: NT$777.0m (down 16% from FY 2022). Profit margin: 4.4% (down from 4.8% in FY 2022). 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 11% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 02Asia Optical Co., Inc., Annual General Meeting, Jun 18, 2024Asia Optical Co., Inc., Annual General Meeting, Jun 18, 2024. Location: 7th Floor, Conference Room, NO. 158, Fengli Road, Tanzi District, Taichung City Taichung City Taiwan Agenda: To consider 2023 Business Report ; to Supervisors' Review Report; to Report for 2023 compensation Distribution to Employees and Directors ; to 2023 Business Report and Financial Report ; to 2023 Profit Appropriation ; and to consider other matters if any.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.65 (vs NT$1.62 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.65 (down from NT$1.62 in 3Q 2022). Revenue: NT$4.72b (down 7.5% from 3Q 2022). Net income: NT$181.8m (down 60% from 3Q 2022). Profit margin: 3.9% (down from 8.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: NT$1.07 (vs NT$1.00 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.07 (up from NT$1.00 in 2Q 2022). Revenue: NT$4.45b (down 8.7% from 2Q 2022). Net income: NT$296.7m (up 5.5% from 2Q 2022). Profit margin: 6.7% (up from 5.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 23Upcoming dividend of NT$1.90 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 62% and the cash payout ratio is 76%. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
お知らせ • Jun 14Asia Optical Co., Inc. Declares Dividend, Payable on July 25, 2023Asia Optical Co., Inc. declares dividend of TWD 1.9 per share, payable on July 25, 2023. Ex-rights (ex-dividend) trading date is June 30, 2023. Ex-rights (ex-dividend) record date is July 8, 2023.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Deng-Ke Zhong was the last independent director to join the board, commencing their role in 2019. 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 05Third quarter 2022 earnings released: EPS: NT$1.62 (vs NT$1.31 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.62 (up from NT$1.31 in 3Q 2021). Revenue: NT$5.10b (down 5.1% from 3Q 2021). Net income: NT$454.7m (up 24% from 3Q 2021). Profit margin: 8.9% (up from 6.8% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: NT$1.00 (vs NT$1.36 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.00 (down from NT$1.36 in 2Q 2021). Revenue: NT$4.87b (down 6.8% from 2Q 2021). Net income: NT$281.1m (down 27% from 2Q 2021). Profit margin: 5.8% (down from 7.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 30Upcoming dividend of NT$3.70 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.6%).
Reported Earnings • May 08First quarter 2022 earnings released: EPS: NT$0.28 (vs NT$1.08 in 1Q 2021)First quarter 2022 results: EPS: NT$0.28 (down from NT$1.08 in 1Q 2021). Revenue: NT$4.49b (down 5.1% from 1Q 2021). Net income: NT$77.9m (down 74% from 1Q 2021). Profit margin: 1.7% (down from 6.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less 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 Deng-Ke Zhong 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 • Mar 28Full year 2021 earnings released: EPS: NT$5.34 (vs NT$1.41 in FY 2020)Full year 2021 results: EPS: NT$5.34 (up from NT$1.41 in FY 2020). Revenue: NT$21.0b (up 33% from FY 2020). Net income: NT$1.50b (up 278% from FY 2020). Profit margin: 7.2% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.
お知らせ • Jan 26Asia Optical Co., Inc. Reaches Settlement Agreement with Samsung Electronics Japan Co., Ltd. Regarding Patent Infringement Lawsuit Related CasesAsia Optical Co., Inc. announced that the company has filed a patent infringement lawsuit against Samsung Electronics Japan Co., Ltd. at the Tokyo District Court on August 3rd, 2020, and now both parties have reached a settlement agreement with confidentiality clause. The Company will withdraw its relevant claims against Samsung Electronics Japan Co., Ltd. pursuant to the settlement agreement. Other contents of settlement shall keep confidential due to both parties' confidential information.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.31 (vs NT$0.66 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.37b (up 18% from 3Q 2020). Net income: NT$367.9m (up 97% from 3Q 2020). Profit margin: 6.8% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.36 (vs NT$0.59 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.23b (up 35% from 2Q 2020). Net income: NT$382.9m (up 129% from 2Q 2020). Profit margin: 7.3% (up from 4.3% in 2Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2021. Payment date: 31 August 2021. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$92.50, the stock trades at a trailing P/E ratio of 31.9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 9.9% over the past three years.
Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.08 (vs NT$0.41 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.73b (up 62% from 1Q 2020). Net income: NT$304.0m (up NT$418.4m from 1Q 2020). Profit margin: 6.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$77.00, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 8.3% over the past three years.
分析記事 • Apr 12Should Asia Optical Co., Inc. (TPE:3019) Be Part Of Your Dividend Portfolio?Dividend paying stocks like Asia Optical Co., Inc. ( TPE:3019 ) tend to be popular with investors, and for good reason...
お知らせ • Mar 20Asia Optical Co., Inc., Annual General Meeting, Jun 25, 2021Asia Optical Co., Inc., Annual General Meeting, Jun 25, 2021. Location: 7th Floor, Conference Room, NO.158, Fengli Road, Tanzi Dist Taichung City Taiwan Agenda: To consider 2020 business report; to supervisors' review report; to the company's accumulated loss as of 2020 was amounted to one-half of the paid-up capital; to 2020 business report and financial reports; and to 2020 loss appropriation.
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$1.41 (vs NT$3.41 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$15.8b (down 13% from FY 2019). Net income: NT$396.9m (down 59% from FY 2019). Profit margin: 2.5% (down from 5.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 07Is There More Growth In Store For Asia Optical's (TPE:3019) Returns On Capital?What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Feb 18New 90-day high: NT$85.50The company is up 22% from its price of NT$70.00 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 22% over the same period.
分析記事 • Feb 04Did You Participate In Any Of Asia Optical's (TPE:3019) Fantastic 178% Return ?The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you...
分析記事 • Jan 20Asia Optical Co., Inc.'s (TPE:3019) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Asia Optical's (TPE:3019) stock is up by a considerable 10% over the past three months. We wonder if and what role the...
分析記事 • Jan 05Asia Optical Co., Inc. (TPE:3019) Is Yielding 2.6% - But Is It A Buy?Dividend paying stocks like Asia Optical Co., Inc. ( TPE:3019 ) tend to be popular with investors, and for good reason...
Is New 90 Day High Low • Dec 09New 90-day high: NT$78.80The company is up 22% from its price of NT$64.40 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Dec 06Here’s What’s Happening With Returns At Asia Optical (TPE:3019)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Nov 17New 90-day high: NT$69.40The company is up 1.0% from its price of NT$68.50 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 1.0% over the same period.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.66The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.56b (down 8.3% from 3Q 2019). Net income: NT$186.7m (down 52% from 3Q 2019). Profit margin: 4.1% (down from 7.8% 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 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Sep 25New 90-day low: NT$62.20The company is down 11% from its price of NT$70.20 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.