Paragon Technologies（3518）株式概要パラゴン・テクノロジーズ株式会社は、機械装置およびスペアパーツの研究、開発、製造、加工、貿易を行っている。 詳細3518 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性5/6配当金0/6報酬株価収益率（ 12.8 x） TW市場（ 23.5 x）を下回っています。今年は黒字化を達成 リスク分析高いレベルの非現金収入 意味のある時価総額がありません ( NT$3B )TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る3518 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$28.30558.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-424m1b2016201920222025202620282031Revenue NT$83.7mEarnings NT$61.6mAdvancedSet Fair ValueView all narrativesParagon Technologies Co., Ltd. 競合他社Apex Material TechnologySymbol: TPEX:6899Market cap: NT$2.6bAVer InformationSymbol: TWSE:3669Market cap: NT$3.3bArch MeterSymbol: TWSE:4588Market cap: NT$2.5bUnitech ElectronicsSymbol: TWSE:3652Market cap: NT$2.8b価格と性能株価の高値、安値、推移の概要Paragon Technologies過去の株価現在の株価NT$28.3052週高値NT$40.0052週安値NT$14.90ベータ1.191ヶ月の変化-11.29%3ヶ月変化23.58%1年変化89.93%3年間の変化-15.02%5年間の変化3.66%IPOからの変化-78.01%最新ニュースNew Risk • Jun 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$98.7m) 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 High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$98.7m).Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$31.75, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$2.85 (vs NT$0.95 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.85 (up from NT$0.95 loss in 1Q 2025). Revenue: NT$62.0m (down 16% from 1Q 2025). Net income: NT$287.4m (up NT$378.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • May 15New 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).New Risk • Apr 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$812m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.10b market cap, or US$65.6m).Reported Earnings • Mar 20Full year 2025 earnings released: NT$1.58 loss per share (vs NT$2.09 loss in FY 2024)Full year 2025 results: NT$1.58 loss per share (improved from NT$2.09 loss in FY 2024). Revenue: NT$319.9m (down 9.6% from FY 2024). Net loss: NT$151.4m (loss narrowed 19% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesNew Risk • Jun 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$98.7m) 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 High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$98.7m).Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$31.75, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$2.85 (vs NT$0.95 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.85 (up from NT$0.95 loss in 1Q 2025). Revenue: NT$62.0m (down 16% from 1Q 2025). Net income: NT$287.4m (up NT$378.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • May 15New 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).New Risk • Apr 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$812m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.10b market cap, or US$65.6m).Reported Earnings • Mar 20Full year 2025 earnings released: NT$1.58 loss per share (vs NT$2.09 loss in FY 2024)Full year 2025 results: NT$1.58 loss per share (improved from NT$2.09 loss in FY 2024). Revenue: NT$319.9m (down 9.6% from FY 2024). Net loss: NT$151.4m (loss narrowed 19% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.お知らせ • Mar 10Paragon Technologies Co., Ltd., Annual General Meeting, Jun 09, 2026Paragon Technologies Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city TaiwanReported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.041 loss per share (vs NT$0.67 loss in 3Q 2024)Third quarter 2025 results: NT$0.041 loss per share (improved from NT$0.67 loss in 3Q 2024). Revenue: NT$85.7m (down 8.0% from 3Q 2024). Net loss: NT$3.45m (loss narrowed 95% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.New Risk • Aug 19New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -NT$653m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-NT$653m). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.27b market cap, or US$75.4m).Reported Earnings • May 13First quarter 2025 earnings released: NT$0.95 loss per share (vs NT$0.56 loss in 1Q 2024)First quarter 2025 results: NT$0.95 loss per share (further deteriorated from NT$0.56 loss in 1Q 2024). Revenue: NT$74.0m (down 9.2% from 1Q 2024). Net loss: NT$90.8m (loss widened 94% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.お知らせ • May 01Paragon Technologies Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Paragon Technologies Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025Reported Earnings • Mar 19Full year 2024 earnings released: NT$2.09 loss per share (vs NT$0.59 loss in FY 2023)Full year 2024 results: NT$2.09 loss per share (further deteriorated from NT$0.59 loss in FY 2023). Revenue: NT$354.0m (down 7.5% from FY 2023). Net loss: NT$185.7m (loss widened 284% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.お知らせ • Mar 13+ 1 more updateParagon Technologies Co., Ltd., Annual General Meeting, Jun 11, 2025Paragon Technologies Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan分析記事 • Feb 19Paragon Technologies Co., Ltd.'s (TWSE:3518) Share Price Could Signal Some RiskParagon Technologies Co., Ltd.'s ( TWSE:3518 ) price-to-sales (or "P/S") ratio of 6.5x may look like a poor investment...Reported Earnings • Nov 18Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$93.1m (down 8.0% from 3Q 2023). Net loss: NT$62.8m (loss widened 328% from 3Q 2023).お知らせ • Oct 30Paragon Technologies Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Paragon Technologies Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024New Risk • Sep 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.98b (US$92.6m) 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$2.98b market cap, or US$92.6m).Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.55 loss per share (vs NT$0.003 profit in 2Q 2023)Second quarter 2024 results: NT$0.55 loss per share (down from NT$0.003 profit in 2Q 2023). Revenue: NT$93.6m (down 8.4% from 2Q 2023). Net loss: NT$45.6m (down NT$45.9m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.お知らせ • Aug 10+ 1 more updateParagon Technologies Co., Ltd. Announces Retirement of Chen, Tsai-Pu as Chief Investment OfficerParagon Technologies Co., Ltd. announced the retirement of the company's chief investment officer. Type of personnel changed: Chief Investment Officer .Date of occurrence of the change: August 9, 2024 . name, title, and resume of the previous position holder: Chen, Tsai-Pu Director and Chief Investment Officer of Paragon Technologies Co., Ltd. Name, title, and resume of the new position holder: Type of the change: retirement . Reason for the change: retirement . Effective date: August 9, 2024.お知らせ • Aug 02Paragon Technologies Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Paragon Technologies Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024お知らせ • Jul 12Paragon Technologies Co., Ltd. announced that it has received TWD 300 million in fundingParagon Technologies Co., Ltd. announced a private placement to issue 12,000,000 shares at an issue price of TWD 25 per share for the gross proceeds of TWD 300,000,000 on July 10, 2024. The transaction has been approved by shareholders.お知らせ • Jun 19+ 3 more updatesParagon Technologies Co., Ltd. Announces Board ChangesParagon Technologies Co., Ltd. announced board changes. Title and name of the previous position holder: Natural-person director: Lin, Qi-Yang, Natural-person director: Gao, Wen-Xiang, Natural-person director: Wang, Le-Chun, Independent director: Hsu, Jui-Tsan. Resume of the previous position holder: Lin, Qi-Yang: Director of Paragon Technologies Co., Ltd. Gao, Wen-Xiang: Director of Paragon Technologies Co., Ltd. Wang, Le-Chun: Director of Paragon Technologies Co., Ltd. Hsu, Jui-Tsan: Independent director of Paragon Technologies Co.,Ltd. Title and name of the new position holder: Institutional director: Representative: Huang, I-Chun, Chun Tung International Investment Co., Ltd., Independent director: Zhang, Dong-Long, Independent director: Zheng, Qin-xin. Resume of the new position holder: Representative: Huang,I-Chun, Chun Tung International Investment Co., Ltd., Chairman,Chun Tung International Investment Co., Ltd. Zhang, Dong-Long: Director,TITC?Independent Director,ProMOS Technologies Inc.?Director, PROGATE GROUP CORPORATION. Zheng, Qin-xin: Director, Grand H&C CPAs Firm. Circumstances of change: term expired. Effective date of the new appointment is from June 18, 2024 to June 17, 2027. Original term is from August 4, 2021 to August 3, 2024.New Risk • Jun 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% 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 Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (NT$2.57b market cap, or US$79.3m).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.57 loss per share (vs NT$0.095 profit in 1Q 2023)First quarter 2024 results: NT$0.57 loss per share (down from NT$0.095 profit in 1Q 2023). Revenue: NT$81.5m (down 13% from 1Q 2023). Net loss: NT$46.9m (down NT$54.6m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% 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 • May 03Paragon Technologies Co., Ltd. to Report Q1, 2024 Results on May 08, 2024Paragon Technologies Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024New Risk • Apr 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$2.31b market cap, or US$71.1m).Reported Earnings • Mar 28Full year 2023 earnings released: NT$0.59 loss per share (vs NT$0.31 profit in FY 2022)Full year 2023 results: NT$0.59 loss per share (down from NT$0.31 profit in FY 2022). Revenue: NT$382.6m (down 16% from FY 2022). Net loss: NT$48.4m (down 293% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Mar 15Paragon Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 300 million.Paragon Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 300 million. Security Name: Shares Security Type: Common Stock Transaction Features: Reserved Share Offering; Rights Offeringお知らせ • Mar 14Paragon Technologies Co., Ltd., Annual General Meeting, Jun 18, 2024Paragon Technologies Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 2, Fuxing 1st Road, Guishan District FULLON HOTELS Coral Hall on the third floor Taoyuan City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting books and statements; to consider Report on the handling of private placed common shares in 2023; to consider 2023 Annual Endorsement Guarantee Report; to consider Report on 2023 directors' remuneration; to accept 2023 Business Report and Financial Statements; to approve the proposal for distribution of 2023 earnings.New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (NT$3.10b market cap, or US$98.6m).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.003 (vs NT$0.073 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.003 (up from NT$0.073 loss in 2Q 2022). Revenue: NT$102.2m (down 15% from 2Q 2022). Net income: NT$236.0k (up NT$6.05m from 2Q 2022). Profit margin: 0.2% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 24Upcoming dividend of NT$0.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 20 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Buying Opportunity • May 04Now 23% undervaluedOver the last 90 days, the stock is up 51%. The fair value is estimated to be NT$42.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.31 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$0.31 (down from NT$0.52 in FY 2021). Revenue: NT$457.2m (down 43% from FY 2021). Net income: NT$25.1m (down 39% from FY 2021). Profit margin: 5.5% (up from 5.2% 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 120% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zi Xin Zhang was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.30, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 6.8% over the past three years.Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$27.75, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 30% over the past three years.Upcoming Dividend • Jun 16Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 28 July 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 4.3%.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.081 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.09 (up from NT$0.081 loss in 1Q 2021). Revenue: NT$171.8m (down 10% from 1Q 2021). Net income: NT$6.97m (up NT$13.4m from 1Q 2021). Profit margin: 4.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zi Xin Zhang was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$0.52 (vs NT$0.71 loss in FY 2020)Full year 2021 results: EPS: NT$0.52 (up from NT$0.71 loss in FY 2020). Revenue: NT$800.1m (up 17% from FY 2020). Net income: NT$41.3m (up NT$97.2m from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 23Paragon Technologies Co., Ltd., Annual General Meeting, Jun 08, 2022Paragon Technologies Co., Ltd., Annual General Meeting, Jun 08, 2022.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.058 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$169.1m (down 7.7% from 3Q 2020). Net income: NT$1.44m (up NT$6.04m from 3Q 2020). Profit margin: 0.9% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.15 (vs NT$0.066 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$216.8m (up 14% from 2Q 2020). Net income: NT$12.1m (up NT$17.3m from 2Q 2020). Profit margin: 5.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 09First quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.53 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$191.1m (up 97% from 1Q 2020). Net loss: NT$6.40m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 12Is Paragon Technologies (TPE:3518) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Mar 27Full year 2020 earnings released: NT$0.71 loss per share (vs NT$2.50 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$684.6m (up 25% from FY 2019). Net loss: NT$55.9m (loss narrowed 72% from FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 08The Paragon Technologies (TPE:3518) Share Price Is Up 26% And Shareholders Are Holding OnWe believe investing is smart because history shows that stock markets go higher in the long term. But if when you...分析記事 • Jan 07Is Paragon Technologies (TPE:3518) Using Debt In A Risky Way?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Nov 18New 90-day high: NT$30.20The company is up 3.0% from its price of NT$29.25 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is flat over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.06 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$183.3m (up 31% from 3Q 2019). Net loss: NT$4.59m (loss narrowed 89% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.株主還元3518TW ElectronicTW 市場7D5.6%8.6%7.8%1Y89.9%223.7%109.8%株主還元を見る業界別リターン: 3518過去 1 年間で223.7 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 3518は、過去 1 年間で109.8 % のリターンを上げたTW市場を下回りました。価格変動Is 3518's price volatile compared to industry and market?3518 volatility3518 Average Weekly Movement9.6%Electronic Industry Average Movement9.1%Market Average Movement6.3%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 3518の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3518の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1984n/aHsiu-Ping Yuwww.pttech.com.twパラゴン・テクノロジーズ株式会社は、機械装置およびスペアパーツの研究、開発、製造、加工および貿易に従事している。また、EMIやオプトエレクトロニクス、真空コーティングのOEMサービス、電子部品や自動車部品の販売、光学フィルムの製造サービスも提供している。同社は1984年に設立され、台湾桃園市に本社を置く。もっと見るParagon Technologies Co., Ltd. 基礎のまとめParagon Technologies の収益と売上を時価総額と比較するとどうか。3518 基礎統計学時価総額NT$2.91b収益（TTM）NT$226.75m売上高(TTM)NT$307.94m12.8xPER（株価収益率9.4xP/Sレシオ3518 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3518 損益計算書（TTM）収益NT$307.94m売上原価NT$295.11m売上総利益NT$12.83mその他の費用-NT$213.91m収益NT$226.75m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.21グロス・マージン4.17%純利益率73.63%有利子負債／自己資本比率28.8%3518 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/18 13:59終値2026/06/18 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Paragon Technologies 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。3 アナリスト機関Angela HsiangKGI Securities Co. Ltd.Jonathan LiaoSinoPac Securities Investment ServiceDennis ChanYuanta Research
New Risk • Jun 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$98.7m) 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 High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$98.7m).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$31.75, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$2.85 (vs NT$0.95 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.85 (up from NT$0.95 loss in 1Q 2025). Revenue: NT$62.0m (down 16% from 1Q 2025). Net income: NT$287.4m (up NT$378.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • May 15New 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
New Risk • Apr 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$812m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.10b market cap, or US$65.6m).
Reported Earnings • Mar 20Full year 2025 earnings released: NT$1.58 loss per share (vs NT$2.09 loss in FY 2024)Full year 2025 results: NT$1.58 loss per share (improved from NT$2.09 loss in FY 2024). Revenue: NT$319.9m (down 9.6% from FY 2024). Net loss: NT$151.4m (loss narrowed 19% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
New Risk • Jun 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$98.7m) 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 High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.12b market cap, or US$98.7m).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$31.75, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Negligible returns to shareholders over past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: NT$2.85 (vs NT$0.95 loss in 1Q 2025)First quarter 2026 results: EPS: NT$2.85 (up from NT$0.95 loss in 1Q 2025). Revenue: NT$62.0m (down 16% from 1Q 2025). Net income: NT$287.4m (up NT$378.2m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • May 15New 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
New Risk • Apr 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$812m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$812m free cash flow). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.10b market cap, or US$65.6m).
Reported Earnings • Mar 20Full year 2025 earnings released: NT$1.58 loss per share (vs NT$2.09 loss in FY 2024)Full year 2025 results: NT$1.58 loss per share (improved from NT$2.09 loss in FY 2024). Revenue: NT$319.9m (down 9.6% from FY 2024). Net loss: NT$151.4m (loss narrowed 19% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 10Paragon Technologies Co., Ltd., Annual General Meeting, Jun 09, 2026Paragon Technologies Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
Reported Earnings • Nov 13Third quarter 2025 earnings released: NT$0.041 loss per share (vs NT$0.67 loss in 3Q 2024)Third quarter 2025 results: NT$0.041 loss per share (improved from NT$0.67 loss in 3Q 2024). Revenue: NT$85.7m (down 8.0% from 3Q 2024). Net loss: NT$3.45m (loss narrowed 95% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
New Risk • Aug 19New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -NT$653m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-NT$653m). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.27b market cap, or US$75.4m).
Reported Earnings • May 13First quarter 2025 earnings released: NT$0.95 loss per share (vs NT$0.56 loss in 1Q 2024)First quarter 2025 results: NT$0.95 loss per share (further deteriorated from NT$0.56 loss in 1Q 2024). Revenue: NT$74.0m (down 9.2% from 1Q 2024). Net loss: NT$90.8m (loss widened 94% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Paragon Technologies Co., Ltd. to Report Q1, 2025 Results on May 07, 2025Paragon Technologies Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: NT$2.09 loss per share (vs NT$0.59 loss in FY 2023)Full year 2024 results: NT$2.09 loss per share (further deteriorated from NT$0.59 loss in FY 2023). Revenue: NT$354.0m (down 7.5% from FY 2023). Net loss: NT$185.7m (loss widened 284% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 13+ 1 more updateParagon Technologies Co., Ltd., Annual General Meeting, Jun 11, 2025Paragon Technologies Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan
分析記事 • Feb 19Paragon Technologies Co., Ltd.'s (TWSE:3518) Share Price Could Signal Some RiskParagon Technologies Co., Ltd.'s ( TWSE:3518 ) price-to-sales (or "P/S") ratio of 6.5x may look like a poor investment...
Reported Earnings • Nov 18Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$93.1m (down 8.0% from 3Q 2023). Net loss: NT$62.8m (loss widened 328% from 3Q 2023).
お知らせ • Oct 30Paragon Technologies Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024Paragon Technologies Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
New Risk • Sep 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.98b (US$92.6m) 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (NT$2.98b market cap, or US$92.6m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.55 loss per share (vs NT$0.003 profit in 2Q 2023)Second quarter 2024 results: NT$0.55 loss per share (down from NT$0.003 profit in 2Q 2023). Revenue: NT$93.6m (down 8.4% from 2Q 2023). Net loss: NT$45.6m (down NT$45.9m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 10+ 1 more updateParagon Technologies Co., Ltd. Announces Retirement of Chen, Tsai-Pu as Chief Investment OfficerParagon Technologies Co., Ltd. announced the retirement of the company's chief investment officer. Type of personnel changed: Chief Investment Officer .Date of occurrence of the change: August 9, 2024 . name, title, and resume of the previous position holder: Chen, Tsai-Pu Director and Chief Investment Officer of Paragon Technologies Co., Ltd. Name, title, and resume of the new position holder: Type of the change: retirement . Reason for the change: retirement . Effective date: August 9, 2024.
お知らせ • Aug 02Paragon Technologies Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Paragon Technologies Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
お知らせ • Jul 12Paragon Technologies Co., Ltd. announced that it has received TWD 300 million in fundingParagon Technologies Co., Ltd. announced a private placement to issue 12,000,000 shares at an issue price of TWD 25 per share for the gross proceeds of TWD 300,000,000 on July 10, 2024. The transaction has been approved by shareholders.
お知らせ • Jun 19+ 3 more updatesParagon Technologies Co., Ltd. Announces Board ChangesParagon Technologies Co., Ltd. announced board changes. Title and name of the previous position holder: Natural-person director: Lin, Qi-Yang, Natural-person director: Gao, Wen-Xiang, Natural-person director: Wang, Le-Chun, Independent director: Hsu, Jui-Tsan. Resume of the previous position holder: Lin, Qi-Yang: Director of Paragon Technologies Co., Ltd. Gao, Wen-Xiang: Director of Paragon Technologies Co., Ltd. Wang, Le-Chun: Director of Paragon Technologies Co., Ltd. Hsu, Jui-Tsan: Independent director of Paragon Technologies Co.,Ltd. Title and name of the new position holder: Institutional director: Representative: Huang, I-Chun, Chun Tung International Investment Co., Ltd., Independent director: Zhang, Dong-Long, Independent director: Zheng, Qin-xin. Resume of the new position holder: Representative: Huang,I-Chun, Chun Tung International Investment Co., Ltd., Chairman,Chun Tung International Investment Co., Ltd. Zhang, Dong-Long: Director,TITC?Independent Director,ProMOS Technologies Inc.?Director, PROGATE GROUP CORPORATION. Zheng, Qin-xin: Director, Grand H&C CPAs Firm. Circumstances of change: term expired. Effective date of the new appointment is from June 18, 2024 to June 17, 2027. Original term is from August 4, 2021 to August 3, 2024.
New Risk • Jun 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% 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 Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (NT$2.57b market cap, or US$79.3m).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.57 loss per share (vs NT$0.095 profit in 1Q 2023)First quarter 2024 results: NT$0.57 loss per share (down from NT$0.095 profit in 1Q 2023). Revenue: NT$81.5m (down 13% from 1Q 2023). Net loss: NT$46.9m (down NT$54.6m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% 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 • May 03Paragon Technologies Co., Ltd. to Report Q1, 2024 Results on May 08, 2024Paragon Technologies Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024
New Risk • Apr 16New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (NT$2.31b market cap, or US$71.1m).
Reported Earnings • Mar 28Full year 2023 earnings released: NT$0.59 loss per share (vs NT$0.31 profit in FY 2022)Full year 2023 results: NT$0.59 loss per share (down from NT$0.31 profit in FY 2022). Revenue: NT$382.6m (down 16% from FY 2022). Net loss: NT$48.4m (down 293% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Mar 15Paragon Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 300 million.Paragon Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 300 million. Security Name: Shares Security Type: Common Stock Transaction Features: Reserved Share Offering; Rights Offering
お知らせ • Mar 14Paragon Technologies Co., Ltd., Annual General Meeting, Jun 18, 2024Paragon Technologies Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 2, Fuxing 1st Road, Guishan District FULLON HOTELS Coral Hall on the third floor Taoyuan City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting books and statements; to consider Report on the handling of private placed common shares in 2023; to consider 2023 Annual Endorsement Guarantee Report; to consider Report on 2023 directors' remuneration; to accept 2023 Business Report and Financial Statements; to approve the proposal for distribution of 2023 earnings.
New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (NT$3.10b market cap, or US$98.6m).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.003 (vs NT$0.073 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.003 (up from NT$0.073 loss in 2Q 2022). Revenue: NT$102.2m (down 15% from 2Q 2022). Net income: NT$236.0k (up NT$6.05m from 2Q 2022). Profit margin: 0.2% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 24Upcoming dividend of NT$0.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 June 2023. Payment date: 20 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Buying Opportunity • May 04Now 23% undervaluedOver the last 90 days, the stock is up 51%. The fair value is estimated to be NT$42.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: NT$0.31 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$0.31 (down from NT$0.52 in FY 2021). Revenue: NT$457.2m (down 43% from FY 2021). Net income: NT$25.1m (down 39% from FY 2021). Profit margin: 5.5% (up from 5.2% 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 120% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zi Xin Zhang was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$20.30, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 6.8% over the past three years.
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$27.75, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 30% over the past three years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 28 July 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 4.3%.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.09 (vs NT$0.081 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.09 (up from NT$0.081 loss in 1Q 2021). Revenue: NT$171.8m (down 10% from 1Q 2021). Net income: NT$6.97m (up NT$13.4m from 1Q 2021). Profit margin: 4.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zi Xin Zhang was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: NT$0.52 (vs NT$0.71 loss in FY 2020)Full year 2021 results: EPS: NT$0.52 (up from NT$0.71 loss in FY 2020). Revenue: NT$800.1m (up 17% from FY 2020). Net income: NT$41.3m (up NT$97.2m from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 23Paragon Technologies Co., Ltd., Annual General Meeting, Jun 08, 2022Paragon Technologies Co., Ltd., Annual General Meeting, Jun 08, 2022.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.058 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$169.1m (down 7.7% from 3Q 2020). Net income: NT$1.44m (up NT$6.04m from 3Q 2020). Profit margin: 0.9% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.15 (vs NT$0.066 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$216.8m (up 14% from 2Q 2020). Net income: NT$12.1m (up NT$17.3m from 2Q 2020). Profit margin: 5.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 09First quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.53 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$191.1m (up 97% from 1Q 2020). Net loss: NT$6.40m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 12Is Paragon Technologies (TPE:3518) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Mar 27Full year 2020 earnings released: NT$0.71 loss per share (vs NT$2.50 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$684.6m (up 25% from FY 2019). Net loss: NT$55.9m (loss narrowed 72% from FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 08The Paragon Technologies (TPE:3518) Share Price Is Up 26% And Shareholders Are Holding OnWe believe investing is smart because history shows that stock markets go higher in the long term. But if when you...
分析記事 • Jan 07Is Paragon Technologies (TPE:3518) Using Debt In A Risky Way?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Nov 18New 90-day high: NT$30.20The company is up 3.0% from its price of NT$29.25 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is flat over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.06 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$183.3m (up 31% from 3Q 2019). Net loss: NT$4.59m (loss narrowed 89% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
