Test Research（3030）株式概要テスト・リサーチ社は、その子会社とともに、アジア、米国、欧州、および国際的な自動検査・試験装置の設計、組立、製造、販売、保守を行っている。 詳細3030 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金3/6報酬株価収益率（ 33 x）は、 Electronic業界平均（ 34.1 x）を下回っています。過去1年間で収益は39.2%増加しました リスク分析高いレベルの非現金収入 1.83%の配当はフリーキャッシュフローで十分にカバーされていない TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る3030 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$381.5033.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture013b2016201920222025202620282031Revenue NT$13.3bEarnings NT$4.0bAdvancedSet Fair ValueView all narrativesTest Research, Inc. 競合他社All Ring TechSymbol: TPEX:6187Market cap: NT$104.4bTa Liang TechnologySymbol: TWSE:3167Market cap: NT$68.9bHiwin MikrosystemSymbol: TWSE:4576Market cap: NT$28.3bBaotek Industrial MaterialsSymbol: TPEX:5340Market cap: NT$19.4b価格と性能株価の高値、安値、推移の概要Test Research過去の株価現在の株価NT$381.5052週高値NT$435.5052週安値NT$111.00ベータ0.361ヶ月の変化11.88%3ヶ月変化106.22%1年変化236.12%3年間の変化499.84%5年間の変化570.47%IPOからの変化4,097.25%最新ニュースReported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.New Risk • Mar 02New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan最新情報をもっと見るRecent updatesReported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.New Risk • Mar 02New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city TaiwanValuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$224, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 305% over the past three years.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$193, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$156, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 189% over the past three years.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$131, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past three years.Declared Dividend • May 31Dividend increased to NT$5.00Dividend of NT$5.00 is 52% higher than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$93.20, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change).お知らせ • Feb 27Test Research, Inc., Annual General Meeting, May 28, 2025Test Research, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwanお知らせ • Feb 19Test Research, Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025Test Research, Inc. announced that they will report fiscal year 2024 results on Feb 26, 2025New 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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$1.64 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.64 (up from NT$1.04 in 3Q 2023). Revenue: NT$1.63b (up 58% from 3Q 2023). Net income: NT$388.3m (up 58% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.お知らせ • Oct 24Test Research, Inc. to Report Q3, 2024 Results on Nov 01, 2024Test Research, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024分析記事 • Oct 17Capital Investment Trends At Test Research (TWSE:3030) Look StrongIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$132, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 174% over the past three years.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.97 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.97 (up from NT$0.87 in 2Q 2023). Revenue: NT$1.73b (up 85% from 2Q 2023). Net income: NT$466.1m (up 126% from 2Q 2023). Profit margin: 27% (up from 22% 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 1% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$122, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.分析記事 • Aug 05Test Research, Inc.'s (TWSE:3030) Popularity With Investors Under Threat As Stock Sinks 27%Test Research, Inc. ( TWSE:3030 ) shares have retraced a considerable 27% in the last month, reversing a fair amount of...お知らせ • Jul 30Test Research, Inc. to Report Q2, 2024 Results on Aug 07, 2024Test Research, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024分析記事 • Jul 11Test Research (TWSE:3030) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Jun 01Test Research (TWSE:3030) Has Announced That Its Dividend Will Be Reduced To NT$3.30Test Research, Inc. ( TWSE:3030 ) is reducing its dividend from last year's comparable payment to NT$3.30 on the 5th of...Declared Dividend • May 31Dividend reduced to NT$3.30Dividend of NT$3.30 is 27% lower than last year. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • May 31Optimistic Investors Push Test Research, Inc. (TWSE:3030) Shares Up 67% But Growth Is LackingDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 67% in...お知らせ • May 30Test Research, Inc. Announces Cash Dividends, Payable on July 5, 2024Test Research, Inc. announced cash dividends of TWD 779,512,800 or TWD 3.3 per share. Ex-rights (ex-dividend) trading date: June 14, 2024. Payment date of common stock cash dividend distribution: July 5, 2024. Ex-rights (ex-dividend) record date is June 22, 2024.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$147, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years.Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.15 in 1Q 2023)First quarter 2024 results: EPS: NT$1.93 (up from NT$1.15 in 1Q 2023). Revenue: NT$1.51b (up 30% from 1Q 2023). Net income: NT$455.3m (up 68% from 1Q 2023). Profit margin: 30% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 02Test Research, Inc. to Report Q1, 2024 Results on May 08, 2024Test Research, Inc. announced that they will report Q1, 2024 results on May 08, 2024分析記事 • Apr 15Test Research, Inc.'s (TWSE:3030) 25% Share Price Surge Not Quite Adding UpDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 25% in...Reported Earnings • Feb 27Full year 2023 earnings released: EPS: NT$4.24 (vs NT$8.13 in FY 2022)Full year 2023 results: EPS: NT$4.24 (down from NT$8.13 in FY 2022). Revenue: NT$4.44b (down 34% from FY 2022). Net income: NT$1.00b (down 48% from FY 2022). Profit margin: 23% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.お知らせ • Feb 22Test Research, Inc., Annual General Meeting, May 29, 2024Test Research, Inc., Annual General Meeting, May 29, 2024. Location: 3F., No. 36-1, Huangxi St., Shilin Dist., Taipei City. Taipei City Taiwan Agenda: To approve 2023 Annual Business Report; to approve Audit Committee's Review Report on 2023 Financial Statements; and to approv 2023 Employees' and Directors Remuneration Proposal.Buy Or Sell Opportunity • Feb 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$71.00. The fair value is estimated to be NT$59.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%.お知らせ • Nov 29Test Research, Inc. Appoints Dino Tsai as Chief Information Security OfficerTest Research, Inc. announced appointment of Dino Tsai/Director of HR Department as Chief Information Security Officer. Effective date is November 28, 2023.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$2.06 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$2.06 in 3Q 2022). Revenue: NT$1.03b (down 33% from 3Q 2022). Net income: NT$246.0m (down 49% from 3Q 2022). Profit margin: 24% (down from 32% 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 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (down from NT$2.22 in 2Q 2022). Revenue: NT$936.1m (down 49% from 2Q 2022). Net income: NT$205.9m (down 61% from 2Q 2022). Profit margin: 22% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 08Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$8.13 (vs NT$5.02 in FY 2021)Full year 2022 results: EPS: NT$8.13 (up from NT$5.02 in FY 2021). Revenue: NT$6.71b (up 20% from FY 2021). Net income: NT$1.92b (up 62% from FY 2021). Profit margin: 29% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.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. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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$2.06 (vs NT$1.22 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.06 (up from NT$1.22 in 3Q 2021). Revenue: NT$1.54b (up 11% from 3Q 2021). Net income: NT$486.5m (up 69% from 3Q 2021). Profit margin: 32% (up from 21% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$1.47 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$1.47 in 2Q 2021). Revenue: NT$1.84b (up 19% from 2Q 2021). Net income: NT$524.9m (up 51% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$2.50 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$2.50 (up from NT$1.25 in 1Q 2021). Revenue: NT$1.92b (up 43% from 1Q 2021). Net income: NT$590.1m (up 100% from 1Q 2021). Profit margin: 31% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.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. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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 • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.02 (up from NT$4.63 in FY 2020). Revenue: NT$5.61b (up 13% from FY 2020). Net income: NT$1.19b (up 8.5% from FY 2020). Profit margin: 21% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.お知らせ • Feb 25Test Research, Inc., Annual General Meeting, May 25, 2022Test Research, Inc., Annual General Meeting, May 25, 2022. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei City Taiwan Agenda: To consider 2021 Annual Business Report; to consider Audit Committee's Review Report on 2021 Financial Statements; to consider 2021 employees and Directors Remuneration Proposal; to consider Adoption of 2021 Financial Statements; Adoption of 2021 Earning Distribution Plan; and to consider other matters.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.22 (vs NT$1.32 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.39b (up 2.0% from 3Q 2020). Net income: NT$288.5m (down 7.3% from 3Q 2020). Profit margin: 21% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.47 (vs NT$1.58 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.55b (up 4.4% from 2Q 2020). Net income: NT$347.4m (down 6.7% from 2Q 2020). Profit margin: 22% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Jul 15Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 10 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.25 (vs NT$1.14 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.35b (up 16% from 1Q 2020). Net income: NT$295.6m (up 9.4% from 1Q 2020). Profit margin: 22% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. 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.分析記事 • Mar 19Is Test Research, Inc. (TPE:3030) A Smart Choice For Dividend Investors?Is Test Research, Inc. ( TPE:3030 ) a good dividend stock? How can we tell? Dividend paying companies with growing...分析記事 • Mar 01With EPS Growth And More, Test Research (TPE:3030) Is InterestingLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$4.63 (vs NT$3.97 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$4.95b (up 13% from FY 2019). Net income: NT$1.09b (up 16% from FY 2019). Profit margin: 22% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 25Test Research, Inc., Annual General Meeting, May 26, 2021Test Research, Inc., Annual General Meeting, May 26, 2021. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei Taiwan Agenda: To consider 2020 Annual Business Report; to consider Audit Committee's Review Report on 2020 Financial Statements; and to consider other matters.お知らせ • Feb 24Test Research, Inc. Announces Change to the Research and Development Officer, Effective March 1, 2021Test Research, Inc. announced replacement of KuangPu Wen with Wenming Wu as Director of R&D Division 2 of the company. Effective date is March 1, 2021.Is New 90 Day High Low • Feb 23New 90-day high: NT$59.10The company is up 5.0% from its price of NT$56.20 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.分析記事 • Feb 11Should You Invest In Test Research (TPE:3030)?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • Jan 28Test Research, Inc. Announces Retirement of KuangPu Wen as Research and Development OfficerTest Research, Inc. announced retirement of KuangPu Wen, Director of Imaging Test Systems RD Division of the Company as research and development officer. Effective date: January 27, 2021.分析記事 • Jan 24Test Research (TPE:3030) Has Compensated Shareholders With A Respectable 70% Return On Their InvestmentThe main point of investing for the long term is to make money. But more than that, you probably want to see it rise...分析記事 • Jan 05Is Test Research, Inc.'s (TPE:3030) Latest Stock Performance Being Led By Its Strong Fundamentals?Test Research's (TPE:3030) stock up by 1.9% over the past week. Since the market usually pay for a company’s long-term...分析記事 • Dec 18Is Test Research, Inc. (TPE:3030) A Good Dividend Stock?Could Test Research, Inc. ( TPE:3030 ) be an attractive dividend share to own for the long haul? Investors are often...分析記事 • Nov 30Here's Why I Think Test Research (TPE:3030) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$1.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.36b (up 30% from 3Q 2019). Net income: NT$311.1m (up 45% from 3Q 2019). Profit margin: 23% (up from 21% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.株主還元3030TW ElectronicTW 市場7D-5.2%-5.3%-3.5%1Y236.1%169.2%83.0%株主還元を見る業界別リターン: 3030過去 1 年間で169.2 % の収益を上げたTW Electronic業界を上回りました。リターン対市場: 3030過去 1 年間で83 % の収益を上げたTW市場を上回りました。価格変動Is 3030's price volatile compared to industry and market?3030 volatility3030 Average Weekly Movement11.0%Electronic Industry Average Movement8.4%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 3030の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3030の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1978n/aJason Chenwww.tri.com.twテストリサーチ社は、その子会社とともに、アジア、米国、欧州、および国際的な自動検査・試験装置の設計、組立、製造、販売、保守を行っている。同社は、3Dソルダーペースト検査、プリリフロー・ポストリフロー自動光学検査、自動X線検査システムなどの光学検査ソリューション、製造欠陥分析装置、インサーキットテスターを提供している。また、スマートファクトリーソリューション、AI搭載システム、歩留まり管理システムも提供している。さらに、自動車、半導体、通信業界向けの試験検査ソリューションも提供している。さらに、トラブルシューティング、故障解析、定期校正、システムメンテナンス、部品・付属品保証などのアフターサービスも提供している。テスト・リサーチ社は1978年に設立され、本社は台湾の台北市にある。もっと見るTest Research, Inc. 基礎のまとめTest Research の収益と売上を時価総額と比較するとどうか。3030 基礎統計学時価総額NT$81.97b収益（TTM）NT$2.73b売上高(TTM)NT$8.97b33.0xPER（株価収益率10.0xP/Sレシオ3030 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3030 損益計算書（TTM）収益NT$8.97b売上原価NT$3.67b売上総利益NT$5.29bその他の費用NT$2.57b収益NT$2.73b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）11.55グロス・マージン59.03%純利益率30.41%有利子負債／自己資本比率0%3030 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.8%現在の配当利回り60%配当性向View Valuation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2026/05/21 08:31終値2026/05/21 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Test Research, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Andrea SuCLSAnull nullSinoPac Securities Investment ServiceChia-Chi ChangYuanta Research
Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.
New Risk • Mar 02New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan
Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.
New Risk • Mar 02New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$224, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 305% over the past three years.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$193, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$156, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 189% over the past three years.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. 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 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$131, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past three years.
Declared Dividend • May 31Dividend increased to NT$5.00Dividend of NT$5.00 is 52% higher than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$93.20, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change).
お知らせ • Feb 27Test Research, Inc., Annual General Meeting, May 28, 2025Test Research, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan
お知らせ • Feb 19Test Research, Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025Test Research, Inc. announced that they will report fiscal year 2024 results on Feb 26, 2025
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$1.64 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.64 (up from NT$1.04 in 3Q 2023). Revenue: NT$1.63b (up 58% from 3Q 2023). Net income: NT$388.3m (up 58% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
お知らせ • Oct 24Test Research, Inc. to Report Q3, 2024 Results on Nov 01, 2024Test Research, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024
分析記事 • Oct 17Capital Investment Trends At Test Research (TWSE:3030) Look StrongIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$132, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 174% over the past three years.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.97 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.97 (up from NT$0.87 in 2Q 2023). Revenue: NT$1.73b (up 85% from 2Q 2023). Net income: NT$466.1m (up 126% from 2Q 2023). Profit margin: 27% (up from 22% 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 1% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$122, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.
分析記事 • Aug 05Test Research, Inc.'s (TWSE:3030) Popularity With Investors Under Threat As Stock Sinks 27%Test Research, Inc. ( TWSE:3030 ) shares have retraced a considerable 27% in the last month, reversing a fair amount of...
お知らせ • Jul 30Test Research, Inc. to Report Q2, 2024 Results on Aug 07, 2024Test Research, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024
分析記事 • Jul 11Test Research (TWSE:3030) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Jun 01Test Research (TWSE:3030) Has Announced That Its Dividend Will Be Reduced To NT$3.30Test Research, Inc. ( TWSE:3030 ) is reducing its dividend from last year's comparable payment to NT$3.30 on the 5th of...
Declared Dividend • May 31Dividend reduced to NT$3.30Dividend of NT$3.30 is 27% lower than last year. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • May 31Optimistic Investors Push Test Research, Inc. (TWSE:3030) Shares Up 67% But Growth Is LackingDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 67% in...
お知らせ • May 30Test Research, Inc. Announces Cash Dividends, Payable on July 5, 2024Test Research, Inc. announced cash dividends of TWD 779,512,800 or TWD 3.3 per share. Ex-rights (ex-dividend) trading date: June 14, 2024. Payment date of common stock cash dividend distribution: July 5, 2024. Ex-rights (ex-dividend) record date is June 22, 2024.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$147, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years.
Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.15 in 1Q 2023)First quarter 2024 results: EPS: NT$1.93 (up from NT$1.15 in 1Q 2023). Revenue: NT$1.51b (up 30% from 1Q 2023). Net income: NT$455.3m (up 68% from 1Q 2023). Profit margin: 30% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 02Test Research, Inc. to Report Q1, 2024 Results on May 08, 2024Test Research, Inc. announced that they will report Q1, 2024 results on May 08, 2024
分析記事 • Apr 15Test Research, Inc.'s (TWSE:3030) 25% Share Price Surge Not Quite Adding UpDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 25% in...
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: NT$4.24 (vs NT$8.13 in FY 2022)Full year 2023 results: EPS: NT$4.24 (down from NT$8.13 in FY 2022). Revenue: NT$4.44b (down 34% from FY 2022). Net income: NT$1.00b (down 48% from FY 2022). Profit margin: 23% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Feb 22Test Research, Inc., Annual General Meeting, May 29, 2024Test Research, Inc., Annual General Meeting, May 29, 2024. Location: 3F., No. 36-1, Huangxi St., Shilin Dist., Taipei City. Taipei City Taiwan Agenda: To approve 2023 Annual Business Report; to approve Audit Committee's Review Report on 2023 Financial Statements; and to approv 2023 Employees' and Directors Remuneration Proposal.
Buy Or Sell Opportunity • Feb 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$71.00. The fair value is estimated to be NT$59.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%.
お知らせ • Nov 29Test Research, Inc. Appoints Dino Tsai as Chief Information Security OfficerTest Research, Inc. announced appointment of Dino Tsai/Director of HR Department as Chief Information Security Officer. Effective date is November 28, 2023.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$2.06 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$2.06 in 3Q 2022). Revenue: NT$1.03b (down 33% from 3Q 2022). Net income: NT$246.0m (down 49% from 3Q 2022). Profit margin: 24% (down from 32% 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 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (down from NT$2.22 in 2Q 2022). Revenue: NT$936.1m (down 49% from 2Q 2022). Net income: NT$205.9m (down 61% from 2Q 2022). Profit margin: 22% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 08Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$8.13 (vs NT$5.02 in FY 2021)Full year 2022 results: EPS: NT$8.13 (up from NT$5.02 in FY 2021). Revenue: NT$6.71b (up 20% from FY 2021). Net income: NT$1.92b (up 62% from FY 2021). Profit margin: 29% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
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. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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$2.06 (vs NT$1.22 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.06 (up from NT$1.22 in 3Q 2021). Revenue: NT$1.54b (up 11% from 3Q 2021). Net income: NT$486.5m (up 69% from 3Q 2021). Profit margin: 32% (up from 21% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$1.47 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$1.47 in 2Q 2021). Revenue: NT$1.84b (up 19% from 2Q 2021). Net income: NT$524.9m (up 51% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).
Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$2.50 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$2.50 (up from NT$1.25 in 1Q 2021). Revenue: NT$1.92b (up 43% from 1Q 2021). Net income: NT$590.1m (up 100% from 1Q 2021). Profit margin: 31% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.
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. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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 • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.02 (up from NT$4.63 in FY 2020). Revenue: NT$5.61b (up 13% from FY 2020). Net income: NT$1.19b (up 8.5% from FY 2020). Profit margin: 21% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Feb 25Test Research, Inc., Annual General Meeting, May 25, 2022Test Research, Inc., Annual General Meeting, May 25, 2022. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei City Taiwan Agenda: To consider 2021 Annual Business Report; to consider Audit Committee's Review Report on 2021 Financial Statements; to consider 2021 employees and Directors Remuneration Proposal; to consider Adoption of 2021 Financial Statements; Adoption of 2021 Earning Distribution Plan; and to consider other matters.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.22 (vs NT$1.32 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.39b (up 2.0% from 3Q 2020). Net income: NT$288.5m (down 7.3% from 3Q 2020). Profit margin: 21% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.47 (vs NT$1.58 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.55b (up 4.4% from 2Q 2020). Net income: NT$347.4m (down 6.7% from 2Q 2020). Profit margin: 22% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Jul 15Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 10 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.25 (vs NT$1.14 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.35b (up 16% from 1Q 2020). Net income: NT$295.6m (up 9.4% from 1Q 2020). Profit margin: 22% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. 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.
分析記事 • Mar 19Is Test Research, Inc. (TPE:3030) A Smart Choice For Dividend Investors?Is Test Research, Inc. ( TPE:3030 ) a good dividend stock? How can we tell? Dividend paying companies with growing...
分析記事 • Mar 01With EPS Growth And More, Test Research (TPE:3030) Is InterestingLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$4.63 (vs NT$3.97 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$4.95b (up 13% from FY 2019). Net income: NT$1.09b (up 16% from FY 2019). Profit margin: 22% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 25Test Research, Inc., Annual General Meeting, May 26, 2021Test Research, Inc., Annual General Meeting, May 26, 2021. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei Taiwan Agenda: To consider 2020 Annual Business Report; to consider Audit Committee's Review Report on 2020 Financial Statements; and to consider other matters.
お知らせ • Feb 24Test Research, Inc. Announces Change to the Research and Development Officer, Effective March 1, 2021Test Research, Inc. announced replacement of KuangPu Wen with Wenming Wu as Director of R&D Division 2 of the company. Effective date is March 1, 2021.
Is New 90 Day High Low • Feb 23New 90-day high: NT$59.10The company is up 5.0% from its price of NT$56.20 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
分析記事 • Feb 11Should You Invest In Test Research (TPE:3030)?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • Jan 28Test Research, Inc. Announces Retirement of KuangPu Wen as Research and Development OfficerTest Research, Inc. announced retirement of KuangPu Wen, Director of Imaging Test Systems RD Division of the Company as research and development officer. Effective date: January 27, 2021.
分析記事 • Jan 24Test Research (TPE:3030) Has Compensated Shareholders With A Respectable 70% Return On Their InvestmentThe main point of investing for the long term is to make money. But more than that, you probably want to see it rise...
分析記事 • Jan 05Is Test Research, Inc.'s (TPE:3030) Latest Stock Performance Being Led By Its Strong Fundamentals?Test Research's (TPE:3030) stock up by 1.9% over the past week. Since the market usually pay for a company’s long-term...
分析記事 • Dec 18Is Test Research, Inc. (TPE:3030) A Good Dividend Stock?Could Test Research, Inc. ( TPE:3030 ) be an attractive dividend share to own for the long haul? Investors are often...
分析記事 • Nov 30Here's Why I Think Test Research (TPE:3030) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$1.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.36b (up 30% from 3Q 2019). Net income: NT$311.1m (up 45% from 3Q 2019). Profit margin: 23% (up from 21% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
