View Future GrowthTa Liang Technology 過去の業績過去 基準チェック /56Ta Liang Technologyの収益は年間平均-2.1%の割合で減少していますが、 Electronic業界の収益は年間 増加しています。収益は年間0.4% 3.5%割合で 増加しています。 Ta Liang Technologyの自己資本利益率は25.4%であり、純利益率は14.7%です。主要情報-2.12%収益成長率-4.60%EPS成長率Electronic 業界の成長14.81%収益成長率3.55%株主資本利益率25.38%ネット・マージン14.70%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$1.02 in 1Q 2025). Revenue: NT$1.95b (up 131% from 1Q 2025). Net income: NT$282.0m (up 213% from 1Q 2025). Profit margin: 14% (up from 11% 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 100% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.13 (vs NT$1.48 in FY 2024)Full year 2025 results: EPS: NT$8.13 (up from NT$1.48 in FY 2024). Revenue: NT$5.08b (up 95% from FY 2024). Net income: NT$716.2m (up 476% from FY 2024). Profit margin: 14% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.44 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.44 (up from NT$0.52 in 3Q 2024). Revenue: NT$1.41b (up 96% from 3Q 2024). Net income: NT$215.0m (up 396% from 3Q 2024). Profit margin: 15% (up from 6.0% 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 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$1.99 (vs NT$0.31 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.99 (up from NT$0.31 in 2Q 2024). Revenue: NT$1.27b (up 159% from 2Q 2024). Net income: NT$175.1m (up NT$149.5m from 2Q 2024). Profit margin: 14% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.20 loss in 1Q 2024). Revenue: NT$843.8m (up 112% from 1Q 2024). Net income: NT$90.0m (up NT$106.0m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.お知らせ • May 01Ta Liang Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Liang Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$806, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 1,936% over the past three years.New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio).Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$1.02 in 1Q 2025). Revenue: NT$1.95b (up 131% from 1Q 2025). Net income: NT$282.0m (up 213% from 1Q 2025). Profit margin: 14% (up from 11% 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 100% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$409, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 920% over the past three years.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.13 (vs NT$1.48 in FY 2024)Full year 2025 results: EPS: NT$8.13 (up from NT$1.48 in FY 2024). Revenue: NT$5.08b (up 95% from FY 2024). Net income: NT$716.2m (up 476% from FY 2024). Profit margin: 14% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$323, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 705% over the past three years.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$252, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 532% over the past three years.お知らせ • Jan 14Ta Liang Technology Co., Ltd., Annual General Meeting, May 12, 2026Ta Liang Technology Co., Ltd., Annual General Meeting, May 12, 2026. Location: no,68, feng t`ieh rd., bade district, taoyuan city TaiwanValuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$234, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 500% over the past three years.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.44 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.44 (up from NT$0.52 in 3Q 2024). Revenue: NT$1.41b (up 96% from 3Q 2024). Net income: NT$215.0m (up 396% from 3Q 2024). Profit margin: 15% (up from 6.0% 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 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$194, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 405% over the past three years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$174, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 314% over the past three years.Upcoming Dividend • Aug 21Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$1.99 (vs NT$0.31 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.99 (up from NT$0.31 in 2Q 2024). Revenue: NT$1.27b (up 159% from 2Q 2024). Net income: NT$175.1m (up NT$149.5m from 2Q 2024). Profit margin: 14% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$149, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 227% over the past three years.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$110, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.20 loss in 1Q 2024). Revenue: NT$843.8m (up 112% from 1Q 2024). Net income: NT$90.0m (up NT$106.0m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.New Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$84.80, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 70% over the past three years.お知らせ • May 01Ta Liang Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Liang Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025お知らせ • Apr 18Ta Liang Technology Co., Ltd. Announces Cash Dividends for the Period from January 1, 2024 to December 31, 2024Ta Liang Technology Co., Ltd. announced cash dividends of TWD 1 per share to shareholders and Total amount of cash distributed to shareholders is TWD 88,252,787 for the period from January 1, 2024 to December 31, 2024.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$65.90, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 24% over the past three years.Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.48 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$1.48 (up from NT$0.15 in FY 2023). Revenue: NT$2.60b (up 101% from FY 2023). Net income: NT$124.4m (up NT$111.6m from FY 2023). Profit margin: 4.8% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13Ta Liang Technology Co., Ltd., Annual General Meeting, May 29, 2025Ta Liang Technology Co., Ltd., Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: no,68, feng t`ieh rd., bade district, taoyuan city Taiwanお知らせ • Mar 12Ta Liang Technology Co., Ltd. announced that it expects to receive TWD 500 million in fundingTa Liang Technology Co., Ltd. announced a private placement to issue Zero Coupon Series 2 Domestic Convertible Unsecured Bonds for gross proceeds of TWD 500,000,000 on March 10, 2025. The transaction has been approved by shareholders, bears zero coupon rate and matures after 3 years.お知らせ • Feb 28+ 1 more updateTa Liang Technology Co., Ltd. Announces Resignation of Lin, Te-Cheng as Independent Director, Effective May 28, 2025Ta Liang Technology Co., Ltd. announced that the company received the resignation letter from independent director Lin, Te-Cheng on February 27, 2025 and effective day of the resignation is on May 28, 2025.分析記事 • Feb 19Ta Liang Technology (TWSE:3167) Could Be Struggling To Allocate CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Jan 18+ 1 more updateTa Liang Technology Co., Ltd. Announces Establishing the Members of Sustainable Development CommitteeTa Liang Technology Co., Ltd. announced the members of Sustainable Development Committee Name of the new position holder: Chien, Chen-Chi; Chang, Chia-Chi; Song, Han-Chuan. Resume of the new position holder: Chien, Chen-Chi /Director and General Manager of Ta Liang Technology Co., LTD. Chang, Chia-Chi /Enterprise Administration Director, CFO and Spokesperson of Ta Liang Technology Co., LTD. Song, Han-Chuan /Research and development Director of Ta Liang Technology Co., LTD. Effective date of the new member: January 17, 2025. Reason for the change: Establishing the Sustainable Development Committee.分析記事 • Dec 09Ta Liang Technology Co., Ltd.'s (TWSE:3167) 27% Share Price Plunge Could Signal Some RiskThe Ta Liang Technology Co., Ltd. ( TWSE:3167 ) share price has softened a substantial 27% over the previous 30 days...Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.52 (vs NT$0.11 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.52 (up from NT$0.11 in 3Q 2023). Revenue: NT$721.3m (up 134% from 3Q 2023). Net income: NT$43.3m (up 367% from 3Q 2023). Profit margin: 6.0% (up from 3.0% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.分析記事 • Nov 18Ta Liang Technology (TWSE:3167) Is Making Moderate Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.9% increase in shares outstanding).お知らせ • Nov 03Ta Liang Technology Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024Ta Liang Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024分析記事 • Oct 21What Ta Liang Technology Co., Ltd.'s (TWSE:3167) 27% Share Price Gain Is Not Telling YouDespite an already strong run, Ta Liang Technology Co., Ltd. ( TWSE:3167 ) shares have been powering on, with a gain of...分析記事 • Aug 21Additional Considerations Required While Assessing Ta Liang Technology's (TWSE:3167) Strong EarningsDespite posting some strong earnings, the market for Ta Liang Technology Co., Ltd.'s ( TWSE:3167 ) stock hasn't moved...分析記事 • Aug 20Ta Liang Technology Co., Ltd.'s (TWSE:3167) 31% Price Boost Is Out Of Tune With RevenuesDespite an already strong run, Ta Liang Technology Co., Ltd. ( TWSE:3167 ) shares have been powering on, with a gain of...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.071 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.31 (up from NT$0.071 in 2Q 2023). Revenue: NT$490.2m (up 91% from 2Q 2023). Net income: NT$25.6m (up 337% from 2Q 2023). Profit margin: 5.2% (up from 2.3% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.分析記事 • Aug 09Would Ta Liang Technology (TWSE:3167) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Aug 03Ta Liang Technology Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ta Liang Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024New Risk • Jul 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin).Upcoming Dividend • Jul 04Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).分析記事 • Jul 03Ta Liang Technology Co., Ltd. (TWSE:3167) Stock Rockets 30% As Investors Are Less Pessimistic Than ExpectedTa Liang Technology Co., Ltd. ( TWSE:3167 ) shareholders have had their patience rewarded with a 30% share price jump...Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.28 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.28 loss in 1Q 2023). Revenue: NT$398.8m (up 55% from 1Q 2023). Net loss: NT$16.1m (loss narrowed 30% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.お知らせ • May 11TA LIANG TECHNOLOGY(Lianshui) CO., LTD Announces Change of Executive Director, Effective June 1, 2024Ta Liang Technology Co., Ltd. announced on behalf of subsidiary TA LIANG TECHNOLOGY(Lianshui) CO., LTD of change of Executive Director. Date of the board of directors resolution or date of occurrence of the change is May 9, 2024. Name of the previous position holder: Chen, Shang-Shu. Resume of the previous position holder: TA LIANG TECHNOLOGY(Lianshui) CO., LTD Executive Director. Name of the new position holder: Chien, Chen-Chi. Resume of the new position holder: TA LIANG TECHNOLOGY(Lianshui) CO., LTD General Manager. Reason for the change: Resignation. Effective date of the new appointment is June 1, 2024.お知らせ • May 03Ta Liang Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Ta Liang Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024分析記事 • Apr 17Is Ta Liang Technology (TWSE:3167) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Mar 10Full year 2023 earnings released: EPS: NT$0.16 (vs NT$3.79 in FY 2022)Full year 2023 results: EPS: NT$0.16 (down from NT$3.79 in FY 2022). Revenue: NT$1.29b (down 46% from FY 2022). Net income: NT$12.8m (down 96% from FY 2022). Profit margin: 1.0% (down from 13% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% 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 • Mar 09Ta Liang Technology Co., Ltd., Annual General Meeting, May 30, 2024Ta Liang Technology Co., Ltd., Annual General Meeting, May 30, 2024. Location: No.68, Fengtian Rd., Bade Dist Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review of the 2023 Business Report, Parent Company Only Financial Statements, Consolidated Financial Statements and Earnings Distribution; to consider Report on 2023 employees' and directors' remuneration; and to consider other matters.分析記事 • Feb 26Optimistic Investors Push Ta Liang Technology Co., Ltd. (TWSE:3167) Shares Up 32% But Growth Is LackingThe Ta Liang Technology Co., Ltd. ( TWSE:3167 ) share price has done very well over the last month, posting an...New Risk • Feb 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 5.4% 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: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.4% average weekly change).New Risk • Oct 21New 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 5.8% 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: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.8% average weekly change).Upcoming Dividend • Aug 30Upcoming dividend of NT$2.00 per share at 4.9% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 27 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (4.2%).New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$3.09b market cap, or US$96.5m).New Risk • Aug 11New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$2.72 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$2.72 in 2Q 2022). Revenue: NT$256.2m (down 63% from 2Q 2022). Net income: NT$5.85m (down 97% from 2Q 2022). Profit margin: 2.3% (down from 32% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$3.91 (vs NT$5.51 in FY 2021)Full year 2022 results: EPS: NT$3.91 (down from NT$5.51 in FY 2021). Revenue: NT$2.37b (down 47% from FY 2021). Net income: NT$313.1m (down 29% from FY 2021). Profit margin: 13% (up from 9.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be NT$54.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 36%.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.21 (vs NT$1.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.21 (down from NT$1.99 in 3Q 2021). Revenue: NT$521.0m (down 57% from 3Q 2021). Net income: NT$17.1m (down 89% from 3Q 2021). Profit margin: 3.3% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Xing Chao Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.21 (vs NT$1.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.21 (down from NT$1.99 in 3Q 2021). Revenue: NT$521.0m (down 57% from 3Q 2021). Net income: NT$17.1m (down 89% from 3Q 2021). Profit margin: 3.3% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Sep 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be NT$64.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 39%.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.71 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.71 (up from NT$1.52 in 2Q 2021). Revenue: NT$690.8m (down 47% from 2Q 2021). Net income: NT$217.7m (up 79% from 2Q 2021). Profit margin: 32% (up from 9.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$65.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%.Upcoming Dividend • Jul 26Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 02 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$49.30, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years.Buying Opportunity • Jul 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be NT$65.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$1.13 (vs NT$1.01 in 1Q 2021)First quarter 2022 results: EPS: NT$1.13 (up from NT$1.01 in 1Q 2021). Revenue: NT$751.2m (down 22% from 1Q 2021). Net income: NT$90.2m (up 11% from 1Q 2021). Profit margin: 12% (up from 8.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% 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 is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Xing Chao Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$5.51 (up from NT$5.23 in FY 2020). Revenue: NT$4.44b (up 83% from FY 2020). Net income: NT$441.3m (up 5.3% from FY 2020). Profit margin: 9.9% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 51%. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$112, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 236% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.99 (vs NT$0.54 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.21b (up 75% from 3Q 2020). Net income: NT$159.6m (up 268% from 3Q 2020). Profit margin: 13% (up from 6.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.52 (vs NT$0.82 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.31b (up 130% from 2Q 2020). Net income: NT$121.6m (up 85% from 2Q 2020). Profit margin: 9.3% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$77.00, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years.Upcoming Dividend • Jun 02Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 09 June 2021. Payment date: 30 June 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$56.80, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years.Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$958.0m (up 197% from 1Q 2020). Net income: NT$81.0m (up 455% from 1Q 2020). Profit margin: 8.4% (up from 4.5% in 1Q 2020). 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 13% per year, which means it is well ahead of earnings.分析記事 • Apr 28Is Taliang Technology Co., Ltd. (TPE:3167) A Great Dividend Stock?Dividend paying stocks like Taliang Technology Co., Ltd. ( TPE:3167 ) tend to be popular with investors, and for good...分析記事 • Apr 10Taliang Technology (TPE:3167) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$79.40, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years.分析記事 • Mar 05Taliang Technology's (TPE:3167) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Taliang Technology Co., Ltd.'s ( TPE:3167 ) stock hasn't moved...分析記事 • Mar 04Taliang Technology (TPE:3167) Has Gifted Shareholders With A Fantastic 131% Total Return On Their InvestmentIf you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$5.23 (vs NT$2.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.43b (up 25% from FY 2019). Net income: NT$419.1m (up 136% from FY 2019). Profit margin: 17% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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.Is New 90 Day High Low • Feb 20New 90-day high: NT$48.60The company is up 10.0% from its price of NT$44.35 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.分析記事 • Feb 14Should You Be Impressed By Taliang Technology's (TPE:3167) Returns on Capital?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jan 27Does Taliang Technology Co., Ltd. (TPE:3167) Have A Place In Your Dividend Stock Portfolio?Dividend paying stocks like Taliang Technology Co., Ltd. ( TPE:3167 ) tend to be popular with investors, and for good...お知らせ • Jan 26Taliang Technology Co., Ltd., Annual General Meeting, May 25, 2021Taliang Technology Co., Ltd., Annual General Meeting, May 25, 2021.分析記事 • Jan 09Taliang Technology (TPE:3167) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Dec 21Taliang Technology Co., Ltd.'s (TPE:3167) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Taliang Technology's (TPE:3167) stock is up by a considerable 6.2% over the past month. Given that stock prices are...Is New 90 Day High Low • Dec 09New 90-day high: NT$46.20The company is up 6.0% from its price of NT$43.70 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.分析記事 • Dec 03Did You Participate In Any Of Taliang Technology's (TPE:3167) Fantastic 115% Return ?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.54The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$694.7m (up 62% from 3Q 2019). Net income: NT$43.4m (up 15% from 3Q 2019). Profit margin: 6.2% (down from 8.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 02New 90-day low: NT$42.00The company is down 4.0% from its price of NT$43.85 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also down 4.0% over the same period.収支内訳Ta Liang Technology の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TWSE:3167 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 266,18090882546931 Dec 255,07871668438930 Sep 254,51855262432430 Jun 253,82538057628731 Mar 253,04423049824931 Dec 242,59912444523330 Sep 242,0827435220530 Jun 241,6694030417431 Mar 241,4352027815531 Dec 231,2921322515030 Sep 231,228-2022512730 Jun 231,441-1221115431 Mar 231,87620024617631 Dec 222,37031330118930 Sep 222,92340431124130 Jun 223,61654732426331 Mar 224,23745033328631 Dec 214,44444131728230 Sep 214,32365835525430 Jun 213,80354138122231 Mar 213,06348536018431 Dec 202,42841934117230 Sep 202,14817626414630 Jun 201,88117019213331 Mar 201,81914819514031 Dec 191,94317819514730 Sep 192,23320527015330 Jun 192,87527537616331 Mar 193,46638140617231 Dec 183,98743442916330 Sep 184,15545841916030 Jun 184,11847939415031 Mar 183,88042938112631 Dec 173,54134737712730 Sep 173,11230034712330 Jun 172,55020830711931 Mar 172,20614725112031 Dec 162,01717724410630 Sep 161,837852929030 Jun 161,8291393108631 Mar 161,8841873308731 Dec 151,9281973479330 Sep 152,18829337410330 Jun 152,333244429104質の高い収益: 3167は 高品質の収益 を持っています。利益率の向上: 3167の現在の純利益率 (14.7%)は、昨年(7.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3167の収益は過去 5 年間で年間2.1%減少しました。成長の加速: 3167の過去 1 年間の収益成長率 ( 294.2% ) は、5 年間の平均 ( 年間-2.1%を上回っています。収益対業界: 3167の過去 1 年間の収益成長率 ( 294.2% ) はElectronic業界-3.3%を上回りました。株主資本利益率高いROE: 3167の 自己資本利益率 ( 25.4% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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2026/06/13 11:52終値2026/06/12 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Ta Liang Technology Co., Ltd. 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。0
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$1.02 in 1Q 2025). Revenue: NT$1.95b (up 131% from 1Q 2025). Net income: NT$282.0m (up 213% from 1Q 2025). Profit margin: 14% (up from 11% 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 100% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.13 (vs NT$1.48 in FY 2024)Full year 2025 results: EPS: NT$8.13 (up from NT$1.48 in FY 2024). Revenue: NT$5.08b (up 95% from FY 2024). Net income: NT$716.2m (up 476% from FY 2024). Profit margin: 14% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.44 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.44 (up from NT$0.52 in 3Q 2024). Revenue: NT$1.41b (up 96% from 3Q 2024). Net income: NT$215.0m (up 396% from 3Q 2024). Profit margin: 15% (up from 6.0% 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 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$1.99 (vs NT$0.31 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.99 (up from NT$0.31 in 2Q 2024). Revenue: NT$1.27b (up 159% from 2Q 2024). Net income: NT$175.1m (up NT$149.5m from 2Q 2024). Profit margin: 14% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.20 loss in 1Q 2024). Revenue: NT$843.8m (up 112% from 1Q 2024). Net income: NT$90.0m (up NT$106.0m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Ta Liang Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Liang Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$806, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 1,936% over the past three years.
New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio).
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$1.02 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$1.02 in 1Q 2025). Revenue: NT$1.95b (up 131% from 1Q 2025). Net income: NT$282.0m (up 213% from 1Q 2025). Profit margin: 14% (up from 11% 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 100% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$409, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 25x in the Electronic industry in Taiwan. Total returns to shareholders of 920% over the past three years.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$8.13 (vs NT$1.48 in FY 2024)Full year 2025 results: EPS: NT$8.13 (up from NT$1.48 in FY 2024). Revenue: NT$5.08b (up 95% from FY 2024). Net income: NT$716.2m (up 476% from FY 2024). Profit margin: 14% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$323, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 705% over the past three years.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$252, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 532% over the past three years.
お知らせ • Jan 14Ta Liang Technology Co., Ltd., Annual General Meeting, May 12, 2026Ta Liang Technology Co., Ltd., Annual General Meeting, May 12, 2026. Location: no,68, feng t`ieh rd., bade district, taoyuan city Taiwan
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$234, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 500% over the past three years.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$2.44 (vs NT$0.52 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.44 (up from NT$0.52 in 3Q 2024). Revenue: NT$1.41b (up 96% from 3Q 2024). Net income: NT$215.0m (up 396% from 3Q 2024). Profit margin: 15% (up from 6.0% 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 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$194, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 405% over the past three years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$174, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 314% over the past three years.
Upcoming Dividend • Aug 21Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (2.7%).
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$1.99 (vs NT$0.31 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.99 (up from NT$0.31 in 2Q 2024). Revenue: NT$1.27b (up 159% from 2Q 2024). Net income: NT$175.1m (up NT$149.5m from 2Q 2024). Profit margin: 14% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$149, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 227% over the past three years.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$110, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.20 loss in 1Q 2024)First quarter 2025 results: EPS: NT$1.02 (up from NT$0.20 loss in 1Q 2024). Revenue: NT$843.8m (up 112% from 1Q 2024). Net income: NT$90.0m (up NT$106.0m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
New Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$84.80, the stock trades at a trailing P/E ratio of 60.2x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 70% over the past three years.
お知らせ • May 01Ta Liang Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Liang Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
お知らせ • Apr 18Ta Liang Technology Co., Ltd. Announces Cash Dividends for the Period from January 1, 2024 to December 31, 2024Ta Liang Technology Co., Ltd. announced cash dividends of TWD 1 per share to shareholders and Total amount of cash distributed to shareholders is TWD 88,252,787 for the period from January 1, 2024 to December 31, 2024.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$65.90, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 24% over the past three years.
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$1.48 (vs NT$0.15 in FY 2023)Full year 2024 results: EPS: NT$1.48 (up from NT$0.15 in FY 2023). Revenue: NT$2.60b (up 101% from FY 2023). Net income: NT$124.4m (up NT$111.6m from FY 2023). Profit margin: 4.8% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13Ta Liang Technology Co., Ltd., Annual General Meeting, May 29, 2025Ta Liang Technology Co., Ltd., Annual General Meeting, May 29, 2025, at 09:30 Taipei Standard Time. Location: no,68, feng t`ieh rd., bade district, taoyuan city Taiwan
お知らせ • Mar 12Ta Liang Technology Co., Ltd. announced that it expects to receive TWD 500 million in fundingTa Liang Technology Co., Ltd. announced a private placement to issue Zero Coupon Series 2 Domestic Convertible Unsecured Bonds for gross proceeds of TWD 500,000,000 on March 10, 2025. The transaction has been approved by shareholders, bears zero coupon rate and matures after 3 years.
お知らせ • Feb 28+ 1 more updateTa Liang Technology Co., Ltd. Announces Resignation of Lin, Te-Cheng as Independent Director, Effective May 28, 2025Ta Liang Technology Co., Ltd. announced that the company received the resignation letter from independent director Lin, Te-Cheng on February 27, 2025 and effective day of the resignation is on May 28, 2025.
分析記事 • Feb 19Ta Liang Technology (TWSE:3167) Could Be Struggling To Allocate CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Jan 18+ 1 more updateTa Liang Technology Co., Ltd. Announces Establishing the Members of Sustainable Development CommitteeTa Liang Technology Co., Ltd. announced the members of Sustainable Development Committee Name of the new position holder: Chien, Chen-Chi; Chang, Chia-Chi; Song, Han-Chuan. Resume of the new position holder: Chien, Chen-Chi /Director and General Manager of Ta Liang Technology Co., LTD. Chang, Chia-Chi /Enterprise Administration Director, CFO and Spokesperson of Ta Liang Technology Co., LTD. Song, Han-Chuan /Research and development Director of Ta Liang Technology Co., LTD. Effective date of the new member: January 17, 2025. Reason for the change: Establishing the Sustainable Development Committee.
分析記事 • Dec 09Ta Liang Technology Co., Ltd.'s (TWSE:3167) 27% Share Price Plunge Could Signal Some RiskThe Ta Liang Technology Co., Ltd. ( TWSE:3167 ) share price has softened a substantial 27% over the previous 30 days...
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.52 (vs NT$0.11 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.52 (up from NT$0.11 in 3Q 2023). Revenue: NT$721.3m (up 134% from 3Q 2023). Net income: NT$43.3m (up 367% from 3Q 2023). Profit margin: 6.0% (up from 3.0% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
分析記事 • Nov 18Ta Liang Technology (TWSE:3167) Is Making Moderate Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Nov 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.9% increase in shares outstanding).
お知らせ • Nov 03Ta Liang Technology Co., Ltd. to Report Q3, 2024 Results on Nov 11, 2024Ta Liang Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024
分析記事 • Oct 21What Ta Liang Technology Co., Ltd.'s (TWSE:3167) 27% Share Price Gain Is Not Telling YouDespite an already strong run, Ta Liang Technology Co., Ltd. ( TWSE:3167 ) shares have been powering on, with a gain of...
分析記事 • Aug 21Additional Considerations Required While Assessing Ta Liang Technology's (TWSE:3167) Strong EarningsDespite posting some strong earnings, the market for Ta Liang Technology Co., Ltd.'s ( TWSE:3167 ) stock hasn't moved...
分析記事 • Aug 20Ta Liang Technology Co., Ltd.'s (TWSE:3167) 31% Price Boost Is Out Of Tune With RevenuesDespite an already strong run, Ta Liang Technology Co., Ltd. ( TWSE:3167 ) shares have been powering on, with a gain of...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.071 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.31 (up from NT$0.071 in 2Q 2023). Revenue: NT$490.2m (up 91% from 2Q 2023). Net income: NT$25.6m (up 337% from 2Q 2023). Profit margin: 5.2% (up from 2.3% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 09Would Ta Liang Technology (TWSE:3167) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Aug 03Ta Liang Technology Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ta Liang Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
New Risk • Jul 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin).
Upcoming Dividend • Jul 04Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).
分析記事 • Jul 03Ta Liang Technology Co., Ltd. (TWSE:3167) Stock Rockets 30% As Investors Are Less Pessimistic Than ExpectedTa Liang Technology Co., Ltd. ( TWSE:3167 ) shareholders have had their patience rewarded with a 30% share price jump...
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.28 loss in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.28 loss in 1Q 2023). Revenue: NT$398.8m (up 55% from 1Q 2023). Net loss: NT$16.1m (loss narrowed 30% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
お知らせ • May 11TA LIANG TECHNOLOGY(Lianshui) CO., LTD Announces Change of Executive Director, Effective June 1, 2024Ta Liang Technology Co., Ltd. announced on behalf of subsidiary TA LIANG TECHNOLOGY(Lianshui) CO., LTD of change of Executive Director. Date of the board of directors resolution or date of occurrence of the change is May 9, 2024. Name of the previous position holder: Chen, Shang-Shu. Resume of the previous position holder: TA LIANG TECHNOLOGY(Lianshui) CO., LTD Executive Director. Name of the new position holder: Chien, Chen-Chi. Resume of the new position holder: TA LIANG TECHNOLOGY(Lianshui) CO., LTD General Manager. Reason for the change: Resignation. Effective date of the new appointment is June 1, 2024.
お知らせ • May 03Ta Liang Technology Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Ta Liang Technology Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
分析記事 • Apr 17Is Ta Liang Technology (TWSE:3167) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: NT$0.16 (vs NT$3.79 in FY 2022)Full year 2023 results: EPS: NT$0.16 (down from NT$3.79 in FY 2022). Revenue: NT$1.29b (down 46% from FY 2022). Net income: NT$12.8m (down 96% from FY 2022). Profit margin: 1.0% (down from 13% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% 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 • Mar 09Ta Liang Technology Co., Ltd., Annual General Meeting, May 30, 2024Ta Liang Technology Co., Ltd., Annual General Meeting, May 30, 2024. Location: No.68, Fengtian Rd., Bade Dist Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review of the 2023 Business Report, Parent Company Only Financial Statements, Consolidated Financial Statements and Earnings Distribution; to consider Report on 2023 employees' and directors' remuneration; and to consider other matters.
分析記事 • Feb 26Optimistic Investors Push Ta Liang Technology Co., Ltd. (TWSE:3167) Shares Up 32% But Growth Is LackingThe Ta Liang Technology Co., Ltd. ( TWSE:3167 ) share price has done very well over the last month, posting an...
New Risk • Feb 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 5.4% 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: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.4% average weekly change).
New Risk • Oct 21New 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 5.8% 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: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.8% average weekly change).
Upcoming Dividend • Aug 30Upcoming dividend of NT$2.00 per share at 4.9% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 27 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (4.2%).
New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (NT$3.09b market cap, or US$96.5m).
New Risk • Aug 11New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$2.72 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$2.72 in 2Q 2022). Revenue: NT$256.2m (down 63% from 2Q 2022). Net income: NT$5.85m (down 97% from 2Q 2022). Profit margin: 2.3% (down from 32% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 01Full year 2022 earnings released: EPS: NT$3.91 (vs NT$5.51 in FY 2021)Full year 2022 results: EPS: NT$3.91 (down from NT$5.51 in FY 2021). Revenue: NT$2.37b (down 47% from FY 2021). Net income: NT$313.1m (down 29% from FY 2021). Profit margin: 13% (up from 9.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be NT$54.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 36%.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.21 (vs NT$1.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.21 (down from NT$1.99 in 3Q 2021). Revenue: NT$521.0m (down 57% from 3Q 2021). Net income: NT$17.1m (down 89% from 3Q 2021). Profit margin: 3.3% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Xing Chao Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.21 (vs NT$1.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.21 (down from NT$1.99 in 3Q 2021). Revenue: NT$521.0m (down 57% from 3Q 2021). Net income: NT$17.1m (down 89% from 3Q 2021). Profit margin: 3.3% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Sep 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be NT$64.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 39%.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$2.71 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.71 (up from NT$1.52 in 2Q 2021). Revenue: NT$690.8m (down 47% from 2Q 2021). Net income: NT$217.7m (up 79% from 2Q 2021). Profit margin: 32% (up from 9.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be NT$65.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%.
Upcoming Dividend • Jul 26Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 02 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.6%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$49.30, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 49% over the past three years.
Buying Opportunity • Jul 01Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be NT$65.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 32%.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$1.13 (vs NT$1.01 in 1Q 2021)First quarter 2022 results: EPS: NT$1.13 (up from NT$1.01 in 1Q 2021). Revenue: NT$751.2m (down 22% from 1Q 2021). Net income: NT$90.2m (up 11% from 1Q 2021). Profit margin: 12% (up from 8.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% 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 is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Xing Chao Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$5.51 (up from NT$5.23 in FY 2020). Revenue: NT$4.44b (up 83% from FY 2020). Net income: NT$441.3m (up 5.3% from FY 2020). Profit margin: 9.9% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 51%. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$112, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 236% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.99 (vs NT$0.54 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.21b (up 75% from 3Q 2020). Net income: NT$159.6m (up 268% from 3Q 2020). Profit margin: 13% (up from 6.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.52 (vs NT$0.82 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.31b (up 130% from 2Q 2020). Net income: NT$121.6m (up 85% from 2Q 2020). Profit margin: 9.3% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$77.00, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years.
Upcoming Dividend • Jun 02Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 09 June 2021. Payment date: 30 June 2021. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$56.80, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years.
Reported Earnings • May 05First quarter 2021 earnings released: EPS NT$1.01 (vs NT$0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$958.0m (up 197% from 1Q 2020). Net income: NT$81.0m (up 455% from 1Q 2020). Profit margin: 8.4% (up from 4.5% in 1Q 2020). 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 13% per year, which means it is well ahead of earnings.
分析記事 • Apr 28Is Taliang Technology Co., Ltd. (TPE:3167) A Great Dividend Stock?Dividend paying stocks like Taliang Technology Co., Ltd. ( TPE:3167 ) tend to be popular with investors, and for good...
分析記事 • Apr 10Taliang Technology (TPE:3167) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$79.40, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years.
分析記事 • Mar 05Taliang Technology's (TPE:3167) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for Taliang Technology Co., Ltd.'s ( TPE:3167 ) stock hasn't moved...
分析記事 • Mar 04Taliang Technology (TPE:3167) Has Gifted Shareholders With A Fantastic 131% Total Return On Their InvestmentIf you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$5.23 (vs NT$2.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.43b (up 25% from FY 2019). Net income: NT$419.1m (up 136% from FY 2019). Profit margin: 17% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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.
Is New 90 Day High Low • Feb 20New 90-day high: NT$48.60The company is up 10.0% from its price of NT$44.35 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.
分析記事 • Feb 14Should You Be Impressed By Taliang Technology's (TPE:3167) Returns on Capital?If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jan 27Does Taliang Technology Co., Ltd. (TPE:3167) Have A Place In Your Dividend Stock Portfolio?Dividend paying stocks like Taliang Technology Co., Ltd. ( TPE:3167 ) tend to be popular with investors, and for good...
お知らせ • Jan 26Taliang Technology Co., Ltd., Annual General Meeting, May 25, 2021Taliang Technology Co., Ltd., Annual General Meeting, May 25, 2021.
分析記事 • Jan 09Taliang Technology (TPE:3167) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Dec 21Taliang Technology Co., Ltd.'s (TPE:3167) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Taliang Technology's (TPE:3167) stock is up by a considerable 6.2% over the past month. Given that stock prices are...
Is New 90 Day High Low • Dec 09New 90-day high: NT$46.20The company is up 6.0% from its price of NT$43.70 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Dec 03Did You Participate In Any Of Taliang Technology's (TPE:3167) Fantastic 115% Return ?When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$0.54The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$694.7m (up 62% from 3Q 2019). Net income: NT$43.4m (up 15% from 3Q 2019). Profit margin: 6.2% (down from 8.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 02New 90-day low: NT$42.00The company is down 4.0% from its price of NT$43.85 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also down 4.0% over the same period.