Lotes（3533）株式概要Ltd.は、台湾、中国本土および海外で電子相互接続およびハードウェア部品の設計、製造、販売を行っています。 詳細3533 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長5/6過去の実績1/6財務の健全性5/6配当金4/6報酬当社が推定した公正価値より25.5%で取引されている 収益は年間29.11%増加すると予測されています リスク分析高いレベルの非現金収入 TW市場と比較した過去 3 か月間の株価の変動1.41%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る3533 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$2.49k41.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture086b2016201920222025202620282031Revenue NT$86.0bEarnings NT$19.4bAdvancedSet Fair ValueView all narrativesLotes Co., Ltd. 競合他社E Ink HoldingsSymbol: TPEX:8069Market cap: NT$268.5bTripod TechnologySymbol: TWSE:3044Market cap: NT$259.4bCompeq ManufacturingSymbol: TWSE:2313Market cap: NT$308.7bLargan PrecisionSymbol: TWSE:3008Market cap: NT$454.3b価格と性能株価の高値、安値、推移の概要Lotes過去の株価現在の株価NT$2,485.0052週高値NT$2,955.0052週安値NT$1,140.00ベータ0.221ヶ月の変化-6.93%3ヶ月変化40.00%1年変化88.97%3年間の変化184.00%5年間の変化333.68%IPOからの変化4,872.43%最新ニュースReported Earnings • May 16First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$21.37 (up from NT$20.22 in 1Q 2025). Revenue: NT$9.33b (up 20% from 1Q 2025). Net income: NT$2.40b (up 5.3% from 1Q 2025). Profit margin: 26% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • May 15Price target increased by 14% to NT$2,606Up from NT$2,278, the current price target is an average from 13 analysts. New target price is 12% above last closing price of NT$2,330. Stock is up 77% over the past year. The company is forecast to post earnings per share of NT$97.11 for next year compared to NT$70.17 last year.Buy Or Sell Opportunity • May 08Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$2,700. The fair value is estimated to be NT$3,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.Price Target Changed • May 07Price target increased by 10% to NT$2,377Up from NT$2,159, the current price target is an average from 14 analysts. New target price is 17% below last closing price of NT$2,850. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.Price Target Changed • Apr 23Price target increased by 9.5% to NT$2,278Up from NT$2,082, the current price target is an average from 14 analysts. New target price is 7.4% below last closing price of NT$2,460. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.最新情報をもっと見るRecent updatesReported Earnings • May 16First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$21.37 (up from NT$20.22 in 1Q 2025). Revenue: NT$9.33b (up 20% from 1Q 2025). Net income: NT$2.40b (up 5.3% from 1Q 2025). Profit margin: 26% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).Price Target Changed • May 15Price target increased by 14% to NT$2,606Up from NT$2,278, the current price target is an average from 13 analysts. New target price is 12% above last closing price of NT$2,330. Stock is up 77% over the past year. The company is forecast to post earnings per share of NT$97.11 for next year compared to NT$70.17 last year.Buy Or Sell Opportunity • May 08Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$2,700. The fair value is estimated to be NT$3,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.Price Target Changed • May 07Price target increased by 10% to NT$2,377Up from NT$2,159, the current price target is an average from 14 analysts. New target price is 17% below last closing price of NT$2,850. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.Price Target Changed • Apr 23Price target increased by 9.5% to NT$2,278Up from NT$2,082, the current price target is an average from 14 analysts. New target price is 7.4% below last closing price of NT$2,460. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$2,640, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,789 per share.Price Target Changed • Mar 27Price target increased by 7.3% to NT$2,082Up from NT$1,939, the current price target is an average from 14 analysts. New target price is 7.7% below last closing price of NT$2,255. Stock is up 52% over the past year. The company is forecast to post earnings per share of NT$98.14 for next year compared to NT$70.17 last year.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$2,070, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,081 per share.Reported Earnings • Mar 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$70.17 (down from NT$82.77 in FY 2024). Revenue: NT$33.8b (up 12% from FY 2024). Net income: NT$7.87b (down 15% from FY 2024). Profit margin: 23% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Mar 13Price target increased by 10% to NT$1,812Up from NT$1,641, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$1,745. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$68.21 for next year compared to NT$82.77 last year.お知らせ • Mar 12Lotes Co., Ltd., Annual General Meeting, Jun 12, 2026Lotes Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,59, wu hsun st., anle district, keelung city TaiwanValuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,495, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,844 per share.New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change).Reported Earnings • Nov 15Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$20.71 (up from NT$18.33 in 3Q 2024). Revenue: NT$8.42b (up 4.4% from 3Q 2024). Net income: NT$2.32b (up 12% from 3Q 2024). Profit margin: 28% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,460, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,605 per share.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$6.69 (down from NT$20.01 in 2Q 2024). Revenue: NT$8.34b (up 13% from 2Q 2024). Net income: NT$749.0m (down 67% from 2Q 2024). Profit margin: 9.0% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.Upcoming Dividend • Jul 24Upcoming dividend of NT$41.72 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$20.22 (up from NT$18.57 in 1Q 2024). Revenue: NT$7.77b (up 22% from 1Q 2024). Net income: NT$2.28b (up 9.9% from 1Q 2024). Profit margin: 29% (down from 33% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year.Price Target Changed • May 10Price target decreased by 9.5% to NT$1,706Down from NT$1,884, the current price target is an average from 11 analysts. New target price is 36% above last closing price of NT$1,255. Stock is down 16% over the past year. The company is forecast to post earnings per share of NT$88.39 for next year compared to NT$82.77 last year.お知らせ • May 01Lotes Co., Ltd to Report Q1, 2025 Results on May 09, 2025Lotes Co., Ltd announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,275, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$1,165, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,272 per share.Reported Earnings • Mar 16Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$82.77 (up from NT$50.65 in FY 2023). Revenue: NT$30.1b (up 23% from FY 2023). Net income: NT$9.28b (up 66% from FY 2023). Profit margin: 31% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Lotes Co., Ltd, Annual General Meeting, Jun 13, 2025Lotes Co., Ltd, Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: no,59, wu hsun st., anle district, keelung city Taiwanお知らせ • Mar 01Lotes Co., Ltd to Report Fiscal Year 2024 Results on Mar 10, 2025Lotes Co., Ltd announced that they will report fiscal year 2024 results on Mar 10, 2025Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$2,000, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,806 per share.New Risk • Dec 02New 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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$18.33 (up from NT$16.77 in 3Q 2023). Revenue: NT$8.07b (up 25% from 3Q 2023). Net income: NT$2.06b (up 10% from 3Q 2023). Profit margin: 26% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 13Price target increased by 7.1% to NT$1,958Up from NT$1,827, the current price target is an average from 12 analysts. New target price is 13% above last closing price of NT$1,740. Stock is up 90% over the past year. The company is forecast to post earnings per share of NT$78.09 for next year compared to NT$50.65 last year.お知らせ • Nov 05Lotes Co., Ltd to Report Q3, 2024 Results on Nov 11, 2024Lotes Co., Ltd announced that they will report Q3, 2024 results on Nov 11, 2024Buy Or Sell Opportunity • Oct 22Now 21% undervaluedOver the last 90 days, the stock has risen 13% to NT$1,665. The fair value is estimated to be NT$2,098, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,655, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,100 per share.Upcoming Dividend • Aug 21Upcoming dividend of NT$25.75 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.8%).Reported Earnings • Aug 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$20.00 (up from NT$11.56 in 2Q 2023). Revenue: NT$7.37b (up 29% from 2Q 2023). Net income: NT$2.24b (up 74% from 2Q 2023). Profit margin: 30% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 02Lotes Co., Ltd to Report Q2, 2024 Results on Aug 09, 2024Lotes Co., Ltd announced that they will report Q2, 2024 results on Aug 09, 2024Valuation Update With 7 Day Price Move • Jul 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,390, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,876 per share.Buy Or Sell Opportunity • Jul 18Now 22% undervaluedOver the last 90 days, the stock has risen 7.0% to NT$1,460. The fair value is estimated to be NT$1,876, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$18.57 (up from NT$10.96 in 1Q 2023). Revenue: NT$6.35b (up 11% from 1Q 2023). Net income: NT$2.07b (up 75% from 1Q 2023). Profit margin: 33% (up from 21% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 11Price target increased by 7.2% to NT$1,742Up from NT$1,625, the current price target is an average from 13 analysts. New target price is 16% above last closing price of NT$1,500. Stock is up 67% over the past year. The company is forecast to post earnings per share of NT$70.24 for next year compared to NT$50.65 last year.Price Target Changed • May 06Price target increased by 8.2% to NT$1,699Up from NT$1,570, the current price target is an average from 13 analysts. New target price is 15% above last closing price of NT$1,475. Stock is up 59% over the past year. The company is forecast to post earnings per share of NT$68.05 for next year compared to NT$50.65 last year.お知らせ • May 02Lotes Co., Ltd to Report Q1, 2024 Results on May 10, 2024Lotes Co., Ltd announced that they will report Q1, 2024 results on May 10, 2024Buy Or Sell Opportunity • Apr 24Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to NT$1,410. The fair value is estimated to be NT$1,093, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.お知らせ • Mar 21Lotes Co., Ltd, Annual General Meeting, Jun 13, 2024Lotes Co., Ltd, Annual General Meeting, Jun 13, 2024.Buy Or Sell Opportunity • Mar 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$1,355. The fair value is estimated to be NT$1,091, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$50.65 (down from NT$58.70 in FY 2022). Revenue: NT$24.5b (down 9.7% from FY 2022). Net income: NT$5.59b (down 11% from FY 2022). Profit margin: 23% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Mar 13Price target increased by 16% to NT$1,288Up from NT$1,108, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$1,250. Stock is up 58% over the past year. The company is forecast to post earnings per share of NT$51.40 for next year compared to NT$58.70 last year.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,200, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$817 per share.Price Target Changed • Jan 12Price target increased by 7.9% to NT$1,104Up from NT$1,023, the current price target is an average from 11 analysts. New target price is 14% above last closing price of NT$970. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$53.59 for next year compared to NT$58.70 last year.Buying Opportunity • Nov 08Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be NT$1,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be NT$1,078, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 30% in the next 2 years.Reported Earnings • Aug 13Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$11.56 (down from NT$14.22 in 2Q 2022). Revenue: NT$5.72b (down 14% from 2Q 2022). Net income: NT$1.28b (down 15% from 2Q 2022). Profit margin: 22% (in line with 2Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be NT$916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Upcoming Dividend • Jul 27Upcoming dividend of NT$25.18 per share at 3.3% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).Buying Opportunity • Jul 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$983, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.New Risk • Jun 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).Reported Earnings • May 17First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: NT$10.96 (down from NT$13.03 in 1Q 2022). Revenue: NT$5.73b (down 6.8% from 1Q 2022). Net income: NT$1.18b (down 15% from 1Q 2022). Profit margin: 21% (down from 23% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 31% per year.Reported Earnings • Mar 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$58.70 (up from NT$33.32 in FY 2021). Revenue: NT$27.1b (up 27% from FY 2021). Net income: NT$6.25b (up 80% from FY 2021). Profit margin: 23% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$918, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 294% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,189 per share.Buying Opportunity • Mar 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be NT$1,052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 25% in the next 2 years.Buying Opportunity • Feb 14Now 20% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be NT$1,045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 25% in the next 2 years.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$17.91 (up from NT$8.91 in 3Q 2021). Revenue: NT$7.27b (up 27% from 3Q 2021). Net income: NT$1.91b (up 106% from 3Q 2021). Profit margin: 26% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jen-Chun Wang 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 • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$14.21 (up from NT$6.85 in 2Q 2021). Revenue: NT$6.65b (up 37% from 2Q 2021). Net income: NT$1.51b (up 113% from 2Q 2021). Profit margin: 23% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 13%, compared to a 8.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 27Upcoming dividend of NT$15.92 per shareEligible shareholders must have bought the stock before 03 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$610, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 205% over the past three years.Major Estimate Revision • May 20Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$25.4b to NT$26.2b. EPS estimate increased from NT$43.80 to NT$50.13 per share. Net income forecast to grow 37% next year vs 11% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$841 to NT$929. Share price was steady at NT$824 over the past week.Price Target Changed • May 15Price target increased to NT$916Up from NT$841, the current price target is an average from 10 analysts. New target price is 13% above last closing price of NT$810. Stock is up 58% over the past year. The company is forecast to post earnings per share of NT$48.12 for next year compared to NT$33.32 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jen-Chun Wang 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.お知らせ • Mar 31Lotes Co., Ltd, Annual General Meeting, Jun 17, 2022Lotes Co., Ltd, Annual General Meeting, Jun 17, 2022.Reported Earnings • Mar 28Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$33.32 (up from NT$26.41 in FY 2020). Revenue: NT$21.4b (up 24% from FY 2020). Net income: NT$3.47b (up 27% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Feb 14Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$868, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.Price Target Changed • Nov 19Price target increased to NT$717Up from NT$663, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$705. Stock is up 64% over the past year. The company is forecast to post earnings per share of NT$31.14 for next year compared to NT$26.41 last year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$8.91 (vs NT$7.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.73b (up 24% from 3Q 2020). Net income: NT$925.4m (up 20% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 19Upcoming dividend of NT$13.30 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$6.85 (vs NT$8.69 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$4.86b (up 2.6% from 2Q 2020). Net income: NT$709.1m (down 21% from 2Q 2020). Profit margin: 15% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$8.06 (vs NT$3.99 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.74b (up 51% from 1Q 2020). Net income: NT$833.7m (up 102% from 1Q 2020). Profit margin: 18% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$26.41 (vs NT$20.11 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$17.3b (up 15% from FY 2019). Net income: NT$2.73b (up 32% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year.Is New 90 Day High Low • Feb 18New 90-day high: NT$577The company is up 34% from its price of NT$430 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$365 per share.Is New 90 Day High Low • Jan 06New 90-day high: NT$531The company is up 9.0% from its price of NT$488 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$328 per share.株主還元3533TW ElectronicTW 市場7D-1.6%20.1%10.5%1Y89.0%227.4%106.4%株主還元を見る業界別リターン: 3533過去 1 年間で227.4 % 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: 3533は、過去 1 年間で106.4 % のリターンを上げたTW市場を下回りました。価格変動Is 3533's price volatile compared to industry and market?3533 volatility3533 Average Weekly Movement10.8%Electronic Industry Average Movement8.6%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 3533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: 3533の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1986n/aTe-Yu Howww.lotes.ccLtd.は、台湾、中国本土および海外で電子相互接続およびハードウェア部品の設計、製造、販売を行っています。同社の製品には、CPU、SIMカード、SPI、車載用ソケットなどのソケット、メモリコネクタ、スロット/エッジカード、USB、オーディオジャック、ディスプレイポート、HDMI、RJ45、SATA/SAS、SIMカードコネクタで構成されるI/Oシリーズコネクタなどがある。信号/電源ソリューション、スイッチ、バッテリーホルダー、基板対基板ソリューション、FPCコネクター、小型RF、MCIO、ファン、USB、その他のケーブル、ワイヤーハーネス、車載ソリューションを提供している。また、機械設備、電子部品、コンタクトレンズの製造・貿易、ロボットアーム、自動化設備、関連部品の製造、各種金属・プラスチック製品の表面処理、電気・AV電子製品の製造、商品・技術の輸出入も行っている。また、光通信用測定器や光トランシーバーの開発・製造、関連技術サービスも行っている。また、不動産開発、賃貸、造園設計、室内装飾、一般投資および再投資活動も行っている。Ltd.は1986年に設立され、台湾の基隆に本社を置いている。もっと見るLotes Co., Ltd. 基礎のまとめLotes の収益と売上を時価総額と比較するとどうか。3533 基礎統計学時価総額NT$278.87b収益（TTM）NT$7.99b売上高(TTM)NT$35.35b34.9xPER（株価収益率7.9xP/Sレシオ3533 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3533 損益計算書（TTM）収益NT$35.35b売上原価NT$17.39b売上総利益NT$17.96bその他の費用NT$9.97b収益NT$7.99b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）71.17グロス・マージン50.81%純利益率22.60%有利子負債／自己資本比率0.6%3533 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.4%現在の配当利回り49%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/28 16:38終値2026/05/28 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Lotes Co., Ltd. 13 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。17 アナリスト機関Skye ChenAletheia Analyst Network LimitedLin-Ya KaoBofA Global ResearchJack ChenCitigroup Inc14 その他のアナリストを表示
Reported Earnings • May 16First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$21.37 (up from NT$20.22 in 1Q 2025). Revenue: NT$9.33b (up 20% from 1Q 2025). Net income: NT$2.40b (up 5.3% from 1Q 2025). Profit margin: 26% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • May 15Price target increased by 14% to NT$2,606Up from NT$2,278, the current price target is an average from 13 analysts. New target price is 12% above last closing price of NT$2,330. Stock is up 77% over the past year. The company is forecast to post earnings per share of NT$97.11 for next year compared to NT$70.17 last year.
Buy Or Sell Opportunity • May 08Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$2,700. The fair value is estimated to be NT$3,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.
Price Target Changed • May 07Price target increased by 10% to NT$2,377Up from NT$2,159, the current price target is an average from 14 analysts. New target price is 17% below last closing price of NT$2,850. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.
Price Target Changed • Apr 23Price target increased by 9.5% to NT$2,278Up from NT$2,082, the current price target is an average from 14 analysts. New target price is 7.4% below last closing price of NT$2,460. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.
Reported Earnings • May 16First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$21.37 (up from NT$20.22 in 1Q 2025). Revenue: NT$9.33b (up 20% from 1Q 2025). Net income: NT$2.40b (up 5.3% from 1Q 2025). Profit margin: 26% (down from 29% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change).
Price Target Changed • May 15Price target increased by 14% to NT$2,606Up from NT$2,278, the current price target is an average from 13 analysts. New target price is 12% above last closing price of NT$2,330. Stock is up 77% over the past year. The company is forecast to post earnings per share of NT$97.11 for next year compared to NT$70.17 last year.
Buy Or Sell Opportunity • May 08Now 24% undervaluedOver the last 90 days, the stock has risen 69% to NT$2,700. The fair value is estimated to be NT$3,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.
Price Target Changed • May 07Price target increased by 10% to NT$2,377Up from NT$2,159, the current price target is an average from 14 analysts. New target price is 17% below last closing price of NT$2,850. Stock is up 127% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.
Price Target Changed • Apr 23Price target increased by 9.5% to NT$2,278Up from NT$2,082, the current price target is an average from 14 analysts. New target price is 7.4% below last closing price of NT$2,460. Stock is up 111% over the past year. The company is forecast to post earnings per share of NT$100 for next year compared to NT$70.17 last year.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$2,640, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$3,789 per share.
Price Target Changed • Mar 27Price target increased by 7.3% to NT$2,082Up from NT$1,939, the current price target is an average from 14 analysts. New target price is 7.7% below last closing price of NT$2,255. Stock is up 52% over the past year. The company is forecast to post earnings per share of NT$98.14 for next year compared to NT$70.17 last year.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$2,070, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,081 per share.
Reported Earnings • Mar 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$70.17 (down from NT$82.77 in FY 2024). Revenue: NT$33.8b (up 12% from FY 2024). Net income: NT$7.87b (down 15% from FY 2024). Profit margin: 23% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Mar 13Price target increased by 10% to NT$1,812Up from NT$1,641, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of NT$1,745. Stock is up 12% over the past year. The company is forecast to post earnings per share of NT$68.21 for next year compared to NT$82.77 last year.
お知らせ • Mar 12Lotes Co., Ltd., Annual General Meeting, Jun 12, 2026Lotes Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,59, wu hsun st., anle district, keelung city Taiwan
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$1,495, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,844 per share.
New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change).
Reported Earnings • Nov 15Third quarter 2025 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2025 results: EPS: NT$20.71 (up from NT$18.33 in 3Q 2024). Revenue: NT$8.42b (up 4.4% from 3Q 2024). Net income: NT$2.32b (up 12% from 3Q 2024). Profit margin: 28% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$1,460, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,605 per share.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$6.69 (down from NT$20.01 in 2Q 2024). Revenue: NT$8.34b (up 13% from 2Q 2024). Net income: NT$749.0m (down 67% from 2Q 2024). Profit margin: 9.0% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year.
Upcoming Dividend • Jul 24Upcoming dividend of NT$41.72 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).
Reported Earnings • May 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: NT$20.22 (up from NT$18.57 in 1Q 2024). Revenue: NT$7.77b (up 22% from 1Q 2024). Net income: NT$2.28b (up 9.9% from 1Q 2024). Profit margin: 29% (down from 33% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year.
Price Target Changed • May 10Price target decreased by 9.5% to NT$1,706Down from NT$1,884, the current price target is an average from 11 analysts. New target price is 36% above last closing price of NT$1,255. Stock is down 16% over the past year. The company is forecast to post earnings per share of NT$88.39 for next year compared to NT$82.77 last year.
お知らせ • May 01Lotes Co., Ltd to Report Q1, 2025 Results on May 09, 2025Lotes Co., Ltd announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,275, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 89% over the past three years.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$1,165, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,272 per share.
Reported Earnings • Mar 16Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$82.77 (up from NT$50.65 in FY 2023). Revenue: NT$30.1b (up 23% from FY 2023). Net income: NT$9.28b (up 66% from FY 2023). Profit margin: 31% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Lotes Co., Ltd, Annual General Meeting, Jun 13, 2025Lotes Co., Ltd, Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: no,59, wu hsun st., anle district, keelung city Taiwan
お知らせ • Mar 01Lotes Co., Ltd to Report Fiscal Year 2024 Results on Mar 10, 2025Lotes Co., Ltd announced that they will report fiscal year 2024 results on Mar 10, 2025
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$2,000, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,806 per share.
New Risk • Dec 02New 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 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$18.33 (up from NT$16.77 in 3Q 2023). Revenue: NT$8.07b (up 25% from 3Q 2023). Net income: NT$2.06b (up 10% from 3Q 2023). Profit margin: 26% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 13Price target increased by 7.1% to NT$1,958Up from NT$1,827, the current price target is an average from 12 analysts. New target price is 13% above last closing price of NT$1,740. Stock is up 90% over the past year. The company is forecast to post earnings per share of NT$78.09 for next year compared to NT$50.65 last year.
お知らせ • Nov 05Lotes Co., Ltd to Report Q3, 2024 Results on Nov 11, 2024Lotes Co., Ltd announced that they will report Q3, 2024 results on Nov 11, 2024
Buy Or Sell Opportunity • Oct 22Now 21% undervaluedOver the last 90 days, the stock has risen 13% to NT$1,665. The fair value is estimated to be NT$2,098, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$1,655, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$2,100 per share.
Upcoming Dividend • Aug 21Upcoming dividend of NT$25.75 per shareEligible shareholders must have bought the stock before 28 August 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.8%).
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$20.00 (up from NT$11.56 in 2Q 2023). Revenue: NT$7.37b (up 29% from 2Q 2023). Net income: NT$2.24b (up 74% from 2Q 2023). Profit margin: 30% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 02Lotes Co., Ltd to Report Q2, 2024 Results on Aug 09, 2024Lotes Co., Ltd announced that they will report Q2, 2024 results on Aug 09, 2024
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$1,390, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,876 per share.
Buy Or Sell Opportunity • Jul 18Now 22% undervaluedOver the last 90 days, the stock has risen 7.0% to NT$1,460. The fair value is estimated to be NT$1,876, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.
Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$18.57 (up from NT$10.96 in 1Q 2023). Revenue: NT$6.35b (up 11% from 1Q 2023). Net income: NT$2.07b (up 75% from 1Q 2023). Profit margin: 33% (up from 21% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 11Price target increased by 7.2% to NT$1,742Up from NT$1,625, the current price target is an average from 13 analysts. New target price is 16% above last closing price of NT$1,500. Stock is up 67% over the past year. The company is forecast to post earnings per share of NT$70.24 for next year compared to NT$50.65 last year.
Price Target Changed • May 06Price target increased by 8.2% to NT$1,699Up from NT$1,570, the current price target is an average from 13 analysts. New target price is 15% above last closing price of NT$1,475. Stock is up 59% over the past year. The company is forecast to post earnings per share of NT$68.05 for next year compared to NT$50.65 last year.
お知らせ • May 02Lotes Co., Ltd to Report Q1, 2024 Results on May 10, 2024Lotes Co., Ltd announced that they will report Q1, 2024 results on May 10, 2024
Buy Or Sell Opportunity • Apr 24Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to NT$1,410. The fair value is estimated to be NT$1,093, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.
お知らせ • Mar 21Lotes Co., Ltd, Annual General Meeting, Jun 13, 2024Lotes Co., Ltd, Annual General Meeting, Jun 13, 2024.
Buy Or Sell Opportunity • Mar 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to NT$1,355. The fair value is estimated to be NT$1,091, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$50.65 (down from NT$58.70 in FY 2022). Revenue: NT$24.5b (down 9.7% from FY 2022). Net income: NT$5.59b (down 11% from FY 2022). Profit margin: 23% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Mar 13Price target increased by 16% to NT$1,288Up from NT$1,108, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of NT$1,250. Stock is up 58% over the past year. The company is forecast to post earnings per share of NT$51.40 for next year compared to NT$58.70 last year.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$1,200, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$817 per share.
Price Target Changed • Jan 12Price target increased by 7.9% to NT$1,104Up from NT$1,023, the current price target is an average from 11 analysts. New target price is 14% above last closing price of NT$970. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$53.59 for next year compared to NT$58.70 last year.
Buying Opportunity • Nov 08Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be NT$1,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.
Buying Opportunity • Sep 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be NT$1,078, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 30% in the next 2 years.
Reported Earnings • Aug 13Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$11.56 (down from NT$14.22 in 2Q 2022). Revenue: NT$5.72b (down 14% from 2Q 2022). Net income: NT$1.28b (down 15% from 2Q 2022). Profit margin: 22% (in line with 2Q 2022). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Taiwan. 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 19% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 05Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be NT$916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Upcoming Dividend • Jul 27Upcoming dividend of NT$25.18 per share at 3.3% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
Buying Opportunity • Jul 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$983, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.
New Risk • Jun 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
Reported Earnings • May 17First quarter 2023 earnings: EPS exceeds analyst expectationsFirst quarter 2023 results: EPS: NT$10.96 (down from NT$13.03 in 1Q 2022). Revenue: NT$5.73b (down 6.8% from 1Q 2022). Net income: NT$1.18b (down 15% from 1Q 2022). Profit margin: 21% (down from 23% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 31% per year.
Reported Earnings • Mar 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$58.70 (up from NT$33.32 in FY 2021). Revenue: NT$27.1b (up 27% from FY 2021). Net income: NT$6.25b (up 80% from FY 2021). Profit margin: 23% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$918, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 294% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$1,189 per share.
Buying Opportunity • Mar 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be NT$1,052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 25% in the next 2 years.
Buying Opportunity • Feb 14Now 20% undervaluedOver the last 90 days, the stock is up 3.4%. The fair value is estimated to be NT$1,045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 25% in the next 2 years.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$17.91 (up from NT$8.91 in 3Q 2021). Revenue: NT$7.27b (up 27% from 3Q 2021). Net income: NT$1.91b (up 106% from 3Q 2021). Profit margin: 26% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jen-Chun Wang 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 • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$14.21 (up from NT$6.85 in 2Q 2021). Revenue: NT$6.65b (up 37% from 2Q 2021). Net income: NT$1.51b (up 113% from 2Q 2021). Profit margin: 23% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 13%, compared to a 8.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 27Upcoming dividend of NT$15.92 per shareEligible shareholders must have bought the stock before 03 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$610, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 205% over the past three years.
Major Estimate Revision • May 20Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$25.4b to NT$26.2b. EPS estimate increased from NT$43.80 to NT$50.13 per share. Net income forecast to grow 37% next year vs 11% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$841 to NT$929. Share price was steady at NT$824 over the past week.
Price Target Changed • May 15Price target increased to NT$916Up from NT$841, the current price target is an average from 10 analysts. New target price is 13% above last closing price of NT$810. Stock is up 58% over the past year. The company is forecast to post earnings per share of NT$48.12 for next year compared to NT$33.32 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jen-Chun Wang 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.
お知らせ • Mar 31Lotes Co., Ltd, Annual General Meeting, Jun 17, 2022Lotes Co., Ltd, Annual General Meeting, Jun 17, 2022.
Reported Earnings • Mar 28Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: NT$33.32 (up from NT$26.41 in FY 2020). Revenue: NT$21.4b (up 24% from FY 2020). Net income: NT$3.47b (up 27% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Feb 14Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$868, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.
Price Target Changed • Nov 19Price target increased to NT$717Up from NT$663, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of NT$705. Stock is up 64% over the past year. The company is forecast to post earnings per share of NT$31.14 for next year compared to NT$26.41 last year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$8.91 (vs NT$7.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.73b (up 24% from 3Q 2020). Net income: NT$925.4m (up 20% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 19Upcoming dividend of NT$13.30 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$6.85 (vs NT$8.69 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$4.86b (up 2.6% from 2Q 2020). Net income: NT$709.1m (down 21% from 2Q 2020). Profit margin: 15% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$8.06 (vs NT$3.99 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.74b (up 51% from 1Q 2020). Net income: NT$833.7m (up 102% from 1Q 2020). Profit margin: 18% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$26.41 (vs NT$20.11 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$17.3b (up 15% from FY 2019). Net income: NT$2.73b (up 32% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year.
Is New 90 Day High Low • Feb 18New 90-day high: NT$577The company is up 34% from its price of NT$430 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$365 per share.
Is New 90 Day High Low • Jan 06New 90-day high: NT$531The company is up 9.0% from its price of NT$488 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$328 per share.
