View Past PerformanceTXC バランスシートの健全性財務の健全性 基準チェック /66TXCの総株主資本はNT$15.2B 、総負債はNT$1.7Bで、負債比率は11.4%となります。総資産と総負債はそれぞれNT$22.7BとNT$7.5Bです。 TXCの EBIT はNT$2.0Bで、利息カバレッジ比率126.8です。現金および短期投資はNT$6.7Bです。主要情報11.41%負債資本比率NT$1.74b負債インタレスト・カバレッジ・レシオ126.8x現金NT$6.68bエクイティNT$15.24b負債合計NT$7.48b総資産NT$22.72b財務の健全性に関する最新情報分析記事 • Oct 29These 4 Measures Indicate That TXC (TWSE:3042) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jul 02We Think TXC (TWSE:3042) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 30Is TXC (TPE:3042) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • 8hInvestor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$176, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$122 per share.Buy Or Sell Opportunity • May 18Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to NT$147. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 21% in the next year.Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.38 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.38 in 1Q 2025). Revenue: NT$3.34b (up 5.5% from 1Q 2025). Net income: NT$450.4m (down 4.5% from 1Q 2025). Profit margin: 14% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% 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 earnings (93% payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change).Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$165, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$129 per share.Buy Or Sell Opportunity • Apr 20Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to NT$167. The fair value is estimated to be NT$128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$108, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$128 per share.Reported Earnings • Mar 14Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$5.28 (down from NT$6.55 in FY 2024). Revenue: NT$13.3b (up 5.3% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 10TXC Corporation, Annual General Meeting, May 27, 2026TXC Corporation, Annual General Meeting, May 27, 2026, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.49 (vs NT$1.50 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.49 (down from NT$1.50 in 3Q 2024). Revenue: NT$3.49b (down 4.8% from 3Q 2024). Net income: NT$511.1m (flat on 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 19New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 266% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: NT$1.08 (down from NT$1.71 in 2Q 2024). Revenue: NT$3.37b (up 15% from 2Q 2024). Net income: NT$370.3m (down 28% from 2Q 2024). Profit margin: 11% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 6.5% 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 fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 01Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$13.8b to NT$13.6b. EPS estimate also fell from NT$6.09 per share to NT$5.42 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$107 to NT$104. Share price rose 3.6% to NT$87.10 over the past week.Upcoming Dividend • Jun 12Upcoming dividend of NT$5.20 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 10 July 2025. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).Declared Dividend • May 29Dividend increased to NT$5.20Dividend of NT$5.20 is 16% higher than last year. Ex-date: 16th June 2025 Payment date: 10th July 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • May 28TXC Corporation Approves Board ElectionsTXC Corporation approved the election of Kuo, Ya-Ping and Pan, Ching-Yi as Directors and elected Hsing-Fu, Chiu, Su-Mei and Chen, Ming-Yi as Independent Directors, at its AGM held on May 27, 2025.Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$1.38 (down from NT$1.73 in 1Q 2024). Revenue: NT$3.17b (up 15% from 1Q 2024). Net income: NT$471.8m (down 12% from 1Q 2024). Profit margin: 15% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 6.3% 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 fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Apr 16TXC Corporation announced a financing transactionTXC Corporation announced a private placement to issue 50,000,000 common shares on April 14, 2025. The private placement will be conducted in batches (up to two batches) within one year from the date of resolution of the shareholders' meeting. The company has received approval from the shareholders. The price shall be no less than 80% of the reference price. The shares are subject to restriction period of three years.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$78.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.Price Target Changed • Mar 27Price target decreased by 7.5% to NT$108Down from NT$117, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$97.10. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$5.77 for next year compared to NT$6.55 last year.Reported Earnings • Mar 19Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: NT$6.55 (up from NT$5.53 in FY 2023). Revenue: NT$12.7b (up 17% from FY 2023). Net income: NT$2.14b (up 25% from FY 2023). Profit margin: 17% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 5.9% 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 fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 12TXC Corporation, Annual General Meeting, May 27, 2025TXC Corporation, Annual General Meeting, May 27, 2025, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city Taiwanお知らせ • Mar 11TXC Corporation Proposes Cash Dividend for the Year Ended December 31, 2024TXC Corporation Board of Directors proposed dividend distribution for the period from January 1, 2024 to December 31, 2024. Appropriations of earnings in cash dividends to shareholders: TWD 5.2 per share. Total amount of cash distributed to shareholders: TWD 1,783,563,449.お知らせ • Mar 01TXC Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025TXC Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025Buy Or Sell Opportunity • Jan 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to NT$97.60. The fair value is estimated to be NT$123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 8.6% in a year. Earnings are forecast to grow by 14% in the next year.分析記事 • Nov 21TXC (TWSE:3042) Strong Profits May Be Masking Some Underlying IssuesTXC Corporation's ( TWSE:3042 ) healthy profit numbers didn't contain any surprises for investors. We believe that...Reported Earnings • Nov 17Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$1.50 (down from NT$1.93 in 3Q 2023). Revenue: NT$3.67b (up 19% from 3Q 2023). Net income: NT$513.9m (down 14% from 3Q 2023). Profit margin: 14% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 9.0% 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 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.分析記事 • Oct 29These 4 Measures Indicate That TXC (TWSE:3042) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Oct 27TXC Corporation to Report Q3, 2024 Results on Nov 04, 2024TXC Corporation announced that they will report Q3, 2024 results on Nov 04, 2024Buy Or Sell Opportunity • Oct 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to NT$117. The fair value is estimated to be NT$96.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 7.3% in the next year.分析記事 • Oct 15TXC Corporation's (TWSE:3042) Share Price Not Quite Adding UpThere wouldn't be many who think TXC Corporation's ( TWSE:3042 ) price-to-earnings (or "P/E") ratio of 19.1x is worth a...New Risk • Sep 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Shareholders have been diluted in the past year (11% increase in shares outstanding).Price Target Changed • Aug 17Price target increased by 11% to NT$117Up from NT$106, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$112. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$7.06 for next year compared to NT$5.53 last year.Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$1.67 (up from NT$1.36 in 2Q 2023). Revenue: NT$2.92b (up 21% from 2Q 2023). Net income: NT$517.3m (up 23% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). 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 2% per year, which means it is well ahead of earnings.分析記事 • Aug 13A Look At The Fair Value Of TXC Corporation (TWSE:3042)Key Insights Using the 2 Stage Free Cash Flow to Equity, TXC fair value estimate is NT$115 TXC's NT$110 share price...お知らせ • Jul 27TXC Corporation to Report Q2, 2024 Results on Aug 05, 2024TXC Corporation announced that they will report Q2, 2024 results on Aug 05, 2024Major Estimate Revision • Jul 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$12.7b to NT$12.3b. EPS estimate also fell from NT$7.53 per share to NT$6.73 per share. Net income forecast to grow 16% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$106 to NT$111. Share price fell 4.4% to NT$109 over the past week.Price Target Changed • Jul 19Price target increased by 7.8% to NT$111Up from NT$103, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$109. Stock is up 20% over the past year. The company is forecast to post earnings per share of NT$6.73 for next year compared to NT$5.53 last year.分析記事 • Jul 02We Think TXC (TWSE:3042) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Upcoming Dividend • Jun 13Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.8%).お知らせ • May 25TXC Corporation Announces Cash Dividend, Payable on July 12, 2024TXC Corporation announced common stock dividend distribution of TWD 1,393,910,640 of cash dividends, TWD 4.5 per share. Ex-rights (ex-dividend) trading date: June 20, 2024. Ex-rights (ex-dividend) record date: June 28, 2024. Payment date of common stock cash dividend distribution: July 12, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 23, 2024. If the dividends cannot be distributed on July 12, 2024 owing to the change of actual working process, the Company will then announce the updated distribution date accordingly.Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$1.73 (up from NT$0.93 in 1Q 2023). Revenue: NT$2.75b (up 20% from 1Q 2023). Net income: NT$537.2m (up 87% from 1Q 2023). Profit margin: 20% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% 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 fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Apr 28TXC Corporation to Report Q1, 2024 Results on May 06, 2024TXC Corporation announced that they will report Q1, 2024 results on May 06, 2024分析記事 • Apr 19Is Now The Time To Look At Buying TXC Corporation (TWSE:3042)?TXC Corporation ( TWSE:3042 ), is not the largest company out there, but it saw a double-digit share price rise of over...分析記事 • Mar 22Investors Appear Satisfied With TXC Corporation's (TWSE:3042) Prospects As Shares Rocket 26%TXC Corporation ( TWSE:3042 ) shareholders have had their patience rewarded with a 26% share price jump in the last...Buy Or Sell Opportunity • Mar 18Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$115. The fair value is estimated to be NT$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$5.53 (down from NT$9.06 in FY 2022). Revenue: NT$10.9b (down 18% from FY 2022). Net income: NT$1.71b (down 39% from FY 2022). Profit margin: 16% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% 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 fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Mar 12+ 1 more updateTXC Corporation, Annual General Meeting, May 28, 2024TXC Corporation, Annual General Meeting, May 28, 2024. Location: No.4, Kung Yeh 6th Rd., Ping Cheng Industrial District Taoyuan Taiwan Agenda: To report the business of 2023; to consider Audit Committee's review report; to report 2023 employees' profit sharing bonus and directors' compensation; to report 2023 earnings distribution; to accept 2023 Business Report and Financial Statements.分析記事 • Mar 05An Intrinsic Calculation For TXC Corporation (TWSE:3042) Suggests It's 30% UndervaluedKey Insights The projected fair value for TXC is NT$151 based on 2 Stage Free Cash Flow to Equity TXC's NT$106 share...Price Target Changed • Mar 01Price target increased by 9.2% to NT$107Up from NT$97.60, the current price target is an average from 5 analysts. New target price is 7.8% above last closing price of NT$98.90. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$5.54 for next year compared to NT$9.06 last year.Price Target Changed • Nov 13Price target increased by 7.3% to NT$98.00Up from NT$91.33, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$96.70. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$5.83 for next year compared to NT$9.06 last year.Reported Earnings • Nov 13Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$1.94 (down from NT$2.75 in 3Q 2022). Revenue: NT$3.09b (down 10% from 3Q 2022). Net income: NT$598.3m (down 30% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.Buying Opportunity • Nov 08Now 20% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be NT$122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.Reported Earnings • Aug 15Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.35 (down from NT$2.71 in 2Q 2022). Revenue: NT$2.43b (down 31% from 2Q 2022). Net income: NT$420.7m (down 50% from 2Q 2022). Profit margin: 17% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.5%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. 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 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 12First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.93 (down from NT$2.16 in 1Q 2022). Revenue: NT$2.30b (down 29% from 1Q 2022). Net income: NT$286.8m (down 57% from 1Q 2022). Profit margin: 13% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 27Upcoming dividend of NT$7.00 per share at 7.4% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio and cash payout ratio are on the higher end at 89% and 91% respectively. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).お知らせ • Jun 06TXC Corporation Announces Dividend, Payable on July 28, 2023TXC Corporation, at its AGM held on June 5, 2023, announced ex-dividend distribution of TWD 2,168,299,280 of cash dividends, TWD 7 per share. Ex-rights (ex-dividend) record date is July 10, 2023, payment date of cash dividend distribution is July 28, 2023.Major Estimate Revision • Jun 06Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$11.8b to NT$10.7b. EPS estimate also fell from NT$7.10 per share to NT$5.15 per share. Net income forecast to shrink 26% next year vs 7.9% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$86.80 to NT$89.80. Share price rose 3.0% to NT$92.10 over the past week.Major Estimate Revision • May 10Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$12.3b to NT$11.3b. EPS estimate also fell from NT$7.42 per share to NT$6.48 per share. Net income forecast to shrink 26% next year vs 11% decline forecast for Electronic industry in Taiwan. Consensus price target of NT$86.80 unchanged from last update. Share price was steady at NT$85.10 over the past week.Reported Earnings • Mar 17Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$9.06 (down from NT$10.06 in FY 2021). Revenue: NT$13.2b (down 14% from FY 2021). Net income: NT$2.81b (down 10.0% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to stay flat during the next 2 years compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 21Price target decreased by 7.9% to NT$87.00Down from NT$94.50, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$87.20. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of NT$9.36 for next year compared to NT$10.06 last year.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. 10 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Independent Director Shang-Wu Yu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Oct 14Price target decreased to NT$96.83Down from NT$107, the current price target is an average from 6 analysts. New target price is 32% above last closing price of NT$73.50. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$10.06 last year.Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.72 (down from NT$2.97 in 2Q 2021). Revenue: NT$3.51b (down 19% from 2Q 2021). Net income: NT$840.1m (down 8.7% from 2Q 2021). Profit margin: 24% (up from 21% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 3.4%, compared to a 8.6% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 08Upcoming dividend of NT$7.50 per shareEligible shareholders must have bought the stock before 15 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.9%).お知らせ • Jun 01TXC Corporation Approves Cash Dividends for 2021TXC Corporation approved cash dividend to shareholders for the year 2021 of TWD 7.5 per share. Total amount of cash distributed to shareholders of TWD 2,323,177,800, at its shareholders meeting held on May 31, 2022.Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$2.16 (up from NT$2.04 in 1Q 2021). Revenue: NT$3.22b (down 2.8% from 1Q 2021). Net income: NT$670.3m (up 6.1% from 1Q 2021). Profit margin: 21% (up from 19% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 1.2%, compared to a 9.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Shang-Wu Yu was the last independent director to join the board, commencing their role in 2016. 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: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$10.06 (up from NT$4.61 in FY 2020). Revenue: NT$15.2b (up 38% from FY 2020). Net income: NT$3.12b (up 118% from FY 2020). Profit margin: 20% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 1.5%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 10TXC Corporation Proposes Cash Dividend for the Year Ending on December 31, 2021TXC Corporation proposed cash dividend to shareholders for the year ended December 31, 2021 of TWD 7.5 per share. Total amount of cash distributed to shareholders of TWD 2,323,177,800.Price Target Changed • Mar 09Price target decreased to NT$120Down from NT$129, the current price target is an average from 6 analysts. New target price is 24% above last closing price of NT$96.90. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$9.96 for next year compared to NT$4.61 last year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.84 (vs NT$1.35 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$4.10b (up 31% from 3Q 2020). Net income: NT$878.5m (up 110% from 3Q 2020). Profit margin: 21% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$2.97 (vs NT$1.19 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.34b (up 72% from 2Q 2020). Net income: NT$920.3m (up 149% from 2Q 2020). Profit margin: 21% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 50% per year.Upcoming Dividend • Aug 13Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 10 September 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (3.1%).Price Target Changed • Jul 30Price target increased to NT$143Up from NT$131, the current price target is an average from 7 analysts. New target price is 19% above last closing price of NT$120. Stock is up 60% over the past year.Major Estimate Revision • Jul 16Consensus EPS estimates increase to NT$10.32The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$15.4b to NT$15.7b. EPS estimate increased from NT$9.26 to NT$10.32 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$131 to NT$134. Share price rose 8.1% to NT$134 over the past week.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$111, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$2.04 (vs NT$0.83 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.31b (up 54% from 1Q 2020). Net income: NT$631.9m (up 146% from 1Q 2020). Profit margin: 19% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year.Major Estimate Revision • May 12Consensus EPS estimates increase to NT$8.96The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$14.3b to NT$15.2b. EPS estimate increased from NT$8.02 to NT$8.96 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$127 to NT$134. Share price fell 15% to NT$91.40 over the past week.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$128, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$255 per share.Price Target Changed • Apr 15Price target increased to NT$125Up from NT$115, the current price target is an average from 5 analysts. New target price is 21% above last closing price of NT$104. Stock is up 88% over the past year.Major Estimate Revision • Apr 15Consensus EPS estimates increase to NT$7.86The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$13.3b to NT$14.2b. EPS estimate increased from NT$6.86 to NT$7.86 per share. Net income forecast to grow 62% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$106 to NT$115. Share price was steady at NT$104 over the past week.分析記事 • Apr 12Should TXC Corporation (TPE:3042) Be Part Of Your Dividend Portfolio?Dividend paying stocks like TXC Corporation ( TPE:3042 ) tend to be popular with investors, and for good reason - some...分析記事 • Mar 30Is TXC (TPE:3042) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$4.61 (vs NT$2.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$11.0b (up 31% from FY 2019). Net income: NT$1.43b (up 113% from FY 2019). Profit margin: 13% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Mar 26Price target increased to NT$111Up from NT$101, the current price target is an average from 7 analysts. New target price is 11% above last closing price of NT$100.00. Stock is up 140% over the past year.分析記事 • Mar 18Is It Time To Consider Buying TXC Corporation (TPE:3042)?While TXC Corporation ( TPE:3042 ) might not be the most widely known stock at the moment, it saw a significant share...お知らせ • Mar 12+ 1 more updateTXC Corporation Proposes Cash Dividend for the Year Ending on December 31, 2020TXC Corporation proposed cash dividend to shareholders for the year ended December 31, 2020 of TWD 3.8 per share. Total amount of cash distributed to shareholders of TWD 1,177,076,752.分析記事 • Mar 06TXC Corporation (TPE:3042) Shares Could Be 43% Below Their Intrinsic Value EstimateHow far off is TXC Corporation ( TPE:3042 ) from its intrinsic value? Using the most recent financial data, we'll take...分析記事 • Feb 22Here's Why I Think TXC (TPE:3042) Is An Interesting StockLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$109, the stock is trading at a trailing P/E ratio of 26.6x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 224%.Price Target Changed • Feb 19Price target raised to NT$101Up from NT$93.40, the current price target is an average from 6 analysts. The new target price is close to the current share price of NT$99.90. As of last close, the stock is up 108% over the past year.分析記事 • Feb 10Did You Participate In Any Of TXC's (TPE:3042) Fantastic 237% Return ?When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...Is New 90 Day High Low • Feb 05New 90-day high: NT$92.50The company is up 21% from its price of NT$76.40 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$132 per share.分析記事 • Jan 29What We Make Of TXC's (TPE:3042) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...分析記事 • Jan 17TXC Corporation's (TPE:3042) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?Most readers would already be aware that TXC's (TPE:3042) stock increased significantly by 16% over the past month...財務状況分析短期負債: 3042の 短期資産 ( NT$14.0B ) が 短期負債 ( NT$6.1B ) を超えています。長期負債: 3042の短期資産 ( NT$14.0B ) が 長期負債 ( NT$1.4B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3042総負債よりも多くの現金を保有しています。負債の削減: 3042の負債対資本比率は、過去 5 年間で26%から11.4%に減少しました。債務返済能力: 3042の負債は 営業キャッシュフロー によって 十分にカバー されています ( 177.9% )。インタレストカバレッジ: 3042の負債に対する 利息支払い は EBIT ( 126.8 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:29終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TXC Corporation 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Hsin-Shan GaiBarclaysHong Ji YangBarclaysWeichun LiuCLSA9 その他のアナリストを表示
分析記事 • Oct 29These 4 Measures Indicate That TXC (TWSE:3042) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jul 02We Think TXC (TWSE:3042) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 30Is TXC (TPE:3042) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • 8hInvestor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$176, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$122 per share.
Buy Or Sell Opportunity • May 18Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to NT$147. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 8.0% in a year. Earnings are forecast to grow by 21% in the next year.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.38 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.38 in 1Q 2025). Revenue: NT$3.34b (up 5.5% from 1Q 2025). Net income: NT$450.4m (down 4.5% from 1Q 2025). Profit margin: 14% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.4% 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 earnings (93% payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change).
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$165, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$129 per share.
Buy Or Sell Opportunity • Apr 20Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to NT$167. The fair value is estimated to be NT$128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 34% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$108, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$128 per share.
Reported Earnings • Mar 14Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$5.28 (down from NT$6.55 in FY 2024). Revenue: NT$13.3b (up 5.3% from FY 2024). Net income: NT$1.80b (down 16% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 10TXC Corporation, Annual General Meeting, May 27, 2026TXC Corporation, Annual General Meeting, May 27, 2026, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$1.49 (vs NT$1.50 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.49 (down from NT$1.50 in 3Q 2024). Revenue: NT$3.49b (down 4.8% from 3Q 2024). Net income: NT$511.1m (flat on 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 19New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 266% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: NT$1.08 (down from NT$1.71 in 2Q 2024). Revenue: NT$3.37b (up 15% from 2Q 2024). Net income: NT$370.3m (down 28% from 2Q 2024). Profit margin: 11% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 6.5% 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 fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 01Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$13.8b to NT$13.6b. EPS estimate also fell from NT$6.09 per share to NT$5.42 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$107 to NT$104. Share price rose 3.6% to NT$87.10 over the past week.
Upcoming Dividend • Jun 12Upcoming dividend of NT$5.20 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 10 July 2025. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).
Declared Dividend • May 29Dividend increased to NT$5.20Dividend of NT$5.20 is 16% higher than last year. Ex-date: 16th June 2025 Payment date: 10th July 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 28TXC Corporation Approves Board ElectionsTXC Corporation approved the election of Kuo, Ya-Ping and Pan, Ching-Yi as Directors and elected Hsing-Fu, Chiu, Su-Mei and Chen, Ming-Yi as Independent Directors, at its AGM held on May 27, 2025.
Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$1.38 (down from NT$1.73 in 1Q 2024). Revenue: NT$3.17b (up 15% from 1Q 2024). Net income: NT$471.8m (down 12% from 1Q 2024). Profit margin: 15% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%. Revenue is forecast to grow 6.3% 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 fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Apr 16TXC Corporation announced a financing transactionTXC Corporation announced a private placement to issue 50,000,000 common shares on April 14, 2025. The private placement will be conducted in batches (up to two batches) within one year from the date of resolution of the shareholders' meeting. The company has received approval from the shareholders. The price shall be no less than 80% of the reference price. The shares are subject to restriction period of three years.
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$78.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.
Price Target Changed • Mar 27Price target decreased by 7.5% to NT$108Down from NT$117, the current price target is an average from 4 analysts. New target price is 11% above last closing price of NT$97.10. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$5.77 for next year compared to NT$6.55 last year.
Reported Earnings • Mar 19Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: NT$6.55 (up from NT$5.53 in FY 2023). Revenue: NT$12.7b (up 17% from FY 2023). Net income: NT$2.14b (up 25% from FY 2023). Profit margin: 17% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 5.9% 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 fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 12TXC Corporation, Annual General Meeting, May 27, 2025TXC Corporation, Annual General Meeting, May 27, 2025, at 09:30 Taipei Standard Time. Location: no,4, kung yeh 6th rd., pingjhen district, taoyuan city Taiwan
お知らせ • Mar 11TXC Corporation Proposes Cash Dividend for the Year Ended December 31, 2024TXC Corporation Board of Directors proposed dividend distribution for the period from January 1, 2024 to December 31, 2024. Appropriations of earnings in cash dividends to shareholders: TWD 5.2 per share. Total amount of cash distributed to shareholders: TWD 1,783,563,449.
お知らせ • Mar 01TXC Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025TXC Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025
Buy Or Sell Opportunity • Jan 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to NT$97.60. The fair value is estimated to be NT$123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 8.6% in a year. Earnings are forecast to grow by 14% in the next year.
分析記事 • Nov 21TXC (TWSE:3042) Strong Profits May Be Masking Some Underlying IssuesTXC Corporation's ( TWSE:3042 ) healthy profit numbers didn't contain any surprises for investors. We believe that...
Reported Earnings • Nov 17Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$1.50 (down from NT$1.93 in 3Q 2023). Revenue: NT$3.67b (up 19% from 3Q 2023). Net income: NT$513.9m (down 14% from 3Q 2023). Profit margin: 14% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 9.0% 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 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
分析記事 • Oct 29These 4 Measures Indicate That TXC (TWSE:3042) Is Using Debt SafelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Oct 27TXC Corporation to Report Q3, 2024 Results on Nov 04, 2024TXC Corporation announced that they will report Q3, 2024 results on Nov 04, 2024
Buy Or Sell Opportunity • Oct 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to NT$117. The fair value is estimated to be NT$96.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 7.3% in the next year.
分析記事 • Oct 15TXC Corporation's (TWSE:3042) Share Price Not Quite Adding UpThere wouldn't be many who think TXC Corporation's ( TWSE:3042 ) price-to-earnings (or "P/E") ratio of 19.1x is worth a...
New Risk • Sep 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Shareholders have been diluted in the past year (11% increase in shares outstanding).
Price Target Changed • Aug 17Price target increased by 11% to NT$117Up from NT$106, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of NT$112. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$7.06 for next year compared to NT$5.53 last year.
Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: NT$1.67 (up from NT$1.36 in 2Q 2023). Revenue: NT$2.92b (up 21% from 2Q 2023). Net income: NT$517.3m (up 23% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). 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 2% per year, which means it is well ahead of earnings.
分析記事 • Aug 13A Look At The Fair Value Of TXC Corporation (TWSE:3042)Key Insights Using the 2 Stage Free Cash Flow to Equity, TXC fair value estimate is NT$115 TXC's NT$110 share price...
お知らせ • Jul 27TXC Corporation to Report Q2, 2024 Results on Aug 05, 2024TXC Corporation announced that they will report Q2, 2024 results on Aug 05, 2024
Major Estimate Revision • Jul 20Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$12.7b to NT$12.3b. EPS estimate also fell from NT$7.53 per share to NT$6.73 per share. Net income forecast to grow 16% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$106 to NT$111. Share price fell 4.4% to NT$109 over the past week.
Price Target Changed • Jul 19Price target increased by 7.8% to NT$111Up from NT$103, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$109. Stock is up 20% over the past year. The company is forecast to post earnings per share of NT$6.73 for next year compared to NT$5.53 last year.
分析記事 • Jul 02We Think TXC (TWSE:3042) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • Jun 13Upcoming dividend of NT$4.50 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.8%).
お知らせ • May 25TXC Corporation Announces Cash Dividend, Payable on July 12, 2024TXC Corporation announced common stock dividend distribution of TWD 1,393,910,640 of cash dividends, TWD 4.5 per share. Ex-rights (ex-dividend) trading date: June 20, 2024. Ex-rights (ex-dividend) record date: June 28, 2024. Payment date of common stock cash dividend distribution: July 12, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 23, 2024. If the dividends cannot be distributed on July 12, 2024 owing to the change of actual working process, the Company will then announce the updated distribution date accordingly.
Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$1.73 (up from NT$0.93 in 1Q 2023). Revenue: NT$2.75b (up 20% from 1Q 2023). Net income: NT$537.2m (up 87% from 1Q 2023). Profit margin: 20% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% 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 fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Apr 28TXC Corporation to Report Q1, 2024 Results on May 06, 2024TXC Corporation announced that they will report Q1, 2024 results on May 06, 2024
分析記事 • Apr 19Is Now The Time To Look At Buying TXC Corporation (TWSE:3042)?TXC Corporation ( TWSE:3042 ), is not the largest company out there, but it saw a double-digit share price rise of over...
分析記事 • Mar 22Investors Appear Satisfied With TXC Corporation's (TWSE:3042) Prospects As Shares Rocket 26%TXC Corporation ( TWSE:3042 ) shareholders have had their patience rewarded with a 26% share price jump in the last...
Buy Or Sell Opportunity • Mar 18Now 21% undervaluedOver the last 90 days, the stock has risen 17% to NT$115. The fair value is estimated to be NT$145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.
Reported Earnings • Mar 14Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: NT$5.53 (down from NT$9.06 in FY 2022). Revenue: NT$10.9b (down 18% from FY 2022). Net income: NT$1.71b (down 39% from FY 2022). Profit margin: 16% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% 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 fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Mar 12+ 1 more updateTXC Corporation, Annual General Meeting, May 28, 2024TXC Corporation, Annual General Meeting, May 28, 2024. Location: No.4, Kung Yeh 6th Rd., Ping Cheng Industrial District Taoyuan Taiwan Agenda: To report the business of 2023; to consider Audit Committee's review report; to report 2023 employees' profit sharing bonus and directors' compensation; to report 2023 earnings distribution; to accept 2023 Business Report and Financial Statements.
分析記事 • Mar 05An Intrinsic Calculation For TXC Corporation (TWSE:3042) Suggests It's 30% UndervaluedKey Insights The projected fair value for TXC is NT$151 based on 2 Stage Free Cash Flow to Equity TXC's NT$106 share...
Price Target Changed • Mar 01Price target increased by 9.2% to NT$107Up from NT$97.60, the current price target is an average from 5 analysts. New target price is 7.8% above last closing price of NT$98.90. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$5.54 for next year compared to NT$9.06 last year.
Price Target Changed • Nov 13Price target increased by 7.3% to NT$98.00Up from NT$91.33, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$96.70. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$5.83 for next year compared to NT$9.06 last year.
Reported Earnings • Nov 13Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: NT$1.94 (down from NT$2.75 in 3Q 2022). Revenue: NT$3.09b (down 10% from 3Q 2022). Net income: NT$598.3m (down 30% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
Buying Opportunity • Nov 08Now 20% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be NT$122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.
Reported Earnings • Aug 15Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.35 (down from NT$2.71 in 2Q 2022). Revenue: NT$2.43b (down 31% from 2Q 2022). Net income: NT$420.7m (down 50% from 2Q 2022). Profit margin: 17% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.5%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. 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 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 12First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: NT$0.93 (down from NT$2.16 in 1Q 2022). Revenue: NT$2.30b (down 29% from 1Q 2022). Net income: NT$286.8m (down 57% from 1Q 2022). Profit margin: 13% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 27Upcoming dividend of NT$7.00 per share at 7.4% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio and cash payout ratio are on the higher end at 89% and 91% respectively. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
お知らせ • Jun 06TXC Corporation Announces Dividend, Payable on July 28, 2023TXC Corporation, at its AGM held on June 5, 2023, announced ex-dividend distribution of TWD 2,168,299,280 of cash dividends, TWD 7 per share. Ex-rights (ex-dividend) record date is July 10, 2023, payment date of cash dividend distribution is July 28, 2023.
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$11.8b to NT$10.7b. EPS estimate also fell from NT$7.10 per share to NT$5.15 per share. Net income forecast to shrink 26% next year vs 7.9% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$86.80 to NT$89.80. Share price rose 3.0% to NT$92.10 over the past week.
Major Estimate Revision • May 10Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$12.3b to NT$11.3b. EPS estimate also fell from NT$7.42 per share to NT$6.48 per share. Net income forecast to shrink 26% next year vs 11% decline forecast for Electronic industry in Taiwan. Consensus price target of NT$86.80 unchanged from last update. Share price was steady at NT$85.10 over the past week.
Reported Earnings • Mar 17Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$9.06 (down from NT$10.06 in FY 2021). Revenue: NT$13.2b (down 14% from FY 2021). Net income: NT$2.81b (down 10.0% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to stay flat during the next 2 years compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 21Price target decreased by 7.9% to NT$87.00Down from NT$94.50, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$87.20. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of NT$9.36 for next year compared to NT$10.06 last year.
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. 10 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Independent Director Shang-Wu Yu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Oct 14Price target decreased to NT$96.83Down from NT$107, the current price target is an average from 6 analysts. New target price is 32% above last closing price of NT$73.50. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$9.69 for next year compared to NT$10.06 last year.
Reported Earnings • Aug 13Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.72 (down from NT$2.97 in 2Q 2021). Revenue: NT$3.51b (down 19% from 2Q 2021). Net income: NT$840.1m (down 8.7% from 2Q 2021). Profit margin: 24% (up from 21% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 3.4%, compared to a 8.6% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 08Upcoming dividend of NT$7.50 per shareEligible shareholders must have bought the stock before 15 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.9%).
お知らせ • Jun 01TXC Corporation Approves Cash Dividends for 2021TXC Corporation approved cash dividend to shareholders for the year 2021 of TWD 7.5 per share. Total amount of cash distributed to shareholders of TWD 2,323,177,800, at its shareholders meeting held on May 31, 2022.
Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$2.16 (up from NT$2.04 in 1Q 2021). Revenue: NT$3.22b (down 2.8% from 1Q 2021). Net income: NT$670.3m (up 6.1% from 1Q 2021). Profit margin: 21% (up from 19% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 1.2%, compared to a 9.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Shang-Wu Yu was the last independent director to join the board, commencing their role in 2016. 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: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$10.06 (up from NT$4.61 in FY 2020). Revenue: NT$15.2b (up 38% from FY 2020). Net income: NT$3.12b (up 118% from FY 2020). Profit margin: 20% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 1.5%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 10TXC Corporation Proposes Cash Dividend for the Year Ending on December 31, 2021TXC Corporation proposed cash dividend to shareholders for the year ended December 31, 2021 of TWD 7.5 per share. Total amount of cash distributed to shareholders of TWD 2,323,177,800.
Price Target Changed • Mar 09Price target decreased to NT$120Down from NT$129, the current price target is an average from 6 analysts. New target price is 24% above last closing price of NT$96.90. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of NT$9.96 for next year compared to NT$4.61 last year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.84 (vs NT$1.35 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$4.10b (up 31% from 3Q 2020). Net income: NT$878.5m (up 110% from 3Q 2020). Profit margin: 21% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$2.97 (vs NT$1.19 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.34b (up 72% from 2Q 2020). Net income: NT$920.3m (up 149% from 2Q 2020). Profit margin: 21% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 50% per year.
Upcoming Dividend • Aug 13Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 10 September 2021. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (3.1%).
Price Target Changed • Jul 30Price target increased to NT$143Up from NT$131, the current price target is an average from 7 analysts. New target price is 19% above last closing price of NT$120. Stock is up 60% over the past year.
Major Estimate Revision • Jul 16Consensus EPS estimates increase to NT$10.32The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$15.4b to NT$15.7b. EPS estimate increased from NT$9.26 to NT$10.32 per share. Net income forecast to grow 62% next year vs 20% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$131 to NT$134. Share price rose 8.1% to NT$134 over the past week.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$111, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$2.04 (vs NT$0.83 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.31b (up 54% from 1Q 2020). Net income: NT$631.9m (up 146% from 1Q 2020). Profit margin: 19% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year.
Major Estimate Revision • May 12Consensus EPS estimates increase to NT$8.96The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$14.3b to NT$15.2b. EPS estimate increased from NT$8.02 to NT$8.96 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$127 to NT$134. Share price fell 15% to NT$91.40 over the past week.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$128, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$255 per share.
Price Target Changed • Apr 15Price target increased to NT$125Up from NT$115, the current price target is an average from 5 analysts. New target price is 21% above last closing price of NT$104. Stock is up 88% over the past year.
Major Estimate Revision • Apr 15Consensus EPS estimates increase to NT$7.86The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$13.3b to NT$14.2b. EPS estimate increased from NT$6.86 to NT$7.86 per share. Net income forecast to grow 62% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$106 to NT$115. Share price was steady at NT$104 over the past week.
分析記事 • Apr 12Should TXC Corporation (TPE:3042) Be Part Of Your Dividend Portfolio?Dividend paying stocks like TXC Corporation ( TPE:3042 ) tend to be popular with investors, and for good reason - some...
分析記事 • Mar 30Is TXC (TPE:3042) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$4.61 (vs NT$2.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$11.0b (up 31% from FY 2019). Net income: NT$1.43b (up 113% from FY 2019). Profit margin: 13% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Mar 26Price target increased to NT$111Up from NT$101, the current price target is an average from 7 analysts. New target price is 11% above last closing price of NT$100.00. Stock is up 140% over the past year.
分析記事 • Mar 18Is It Time To Consider Buying TXC Corporation (TPE:3042)?While TXC Corporation ( TPE:3042 ) might not be the most widely known stock at the moment, it saw a significant share...
お知らせ • Mar 12+ 1 more updateTXC Corporation Proposes Cash Dividend for the Year Ending on December 31, 2020TXC Corporation proposed cash dividend to shareholders for the year ended December 31, 2020 of TWD 3.8 per share. Total amount of cash distributed to shareholders of TWD 1,177,076,752.
分析記事 • Mar 06TXC Corporation (TPE:3042) Shares Could Be 43% Below Their Intrinsic Value EstimateHow far off is TXC Corporation ( TPE:3042 ) from its intrinsic value? Using the most recent financial data, we'll take...
分析記事 • Feb 22Here's Why I Think TXC (TPE:3042) Is An Interesting StockLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$109, the stock is trading at a trailing P/E ratio of 26.6x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 224%.
Price Target Changed • Feb 19Price target raised to NT$101Up from NT$93.40, the current price target is an average from 6 analysts. The new target price is close to the current share price of NT$99.90. As of last close, the stock is up 108% over the past year.
分析記事 • Feb 10Did You Participate In Any Of TXC's (TPE:3042) Fantastic 237% Return ?When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
Is New 90 Day High Low • Feb 05New 90-day high: NT$92.50The company is up 21% from its price of NT$76.40 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$132 per share.
分析記事 • Jan 29What We Make Of TXC's (TPE:3042) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
分析記事 • Jan 17TXC Corporation's (TPE:3042) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?Most readers would already be aware that TXC's (TPE:3042) stock increased significantly by 16% over the past month...