View Past PerformanceTPK Holding バランスシートの健全性財務の健全性 基準チェック /66TPK Holdingの総株主資本はNT$55.5B 、総負債はNT$25.8Bで、負債比率は46.4%となります。総資産と総負債はそれぞれNT$104.8BとNT$49.3Bです。 TPK Holdingの EBIT はNT$752.1Mで、利息カバレッジ比率-0.9です。現金および短期投資はNT$46.8Bです。主要情報46.39%負債資本比率NT$25.76b負債インタレスト・カバレッジ・レシオ-0.9x現金NT$46.75bエクイティNT$55.53b負債合計NT$49.32b総資産NT$104.85b財務の健全性に関する最新情報分析記事 • Apr 12Is TPK Holding (TPE:3673) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 25TPK Holding (TPE:3673) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$61.60, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$65.00, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.Declared Dividend • Jul 03Dividend increased to NT$1.80Dividend of NT$1.80 is 125% higher than last year. Ex-date: 16th July 2026 Payment date: 10th August 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$77.10, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 96% over the past three years.Reported Earnings • May 18First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$0.40 in 1Q 2025). Revenue: NT$17.9b (up 31% from 1Q 2025). Net income: NT$540.8m (up 233% from 1Q 2025). Profit margin: 3.0% (up from 1.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 122%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.New Risk • Apr 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 8.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$51.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years.Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.71 (up from NT$1.16 in FY 2024). Revenue: NT$62.8b (down 8.8% from FY 2024). Net income: NT$1.10b (up 133% from FY 2024). Profit margin: 1.8% (up from 0.7% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$45.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$29.63 per share.お知らせ • Mar 12TPK Holding Co., Ltd., Annual General Meeting, Jun 26, 2026TPK Holding Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: 4 floor no,1, sec.5 shen yih rd., sinyi district, taipei city TaiwanValuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$42.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 42% over the past three years.Reported Earnings • Nov 07Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$1.09 (up from NT$0.49 in 3Q 2024). Revenue: NT$16.1b (down 13% from 3Q 2024). Net income: NT$446.0m (up 124% from 3Q 2024). Profit margin: 2.8% (up from 1.1% in 3Q 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 114%. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07TPK Holding Co., Ltd. (TWSE:3673) signed a letter of intent to acquire 23.83% stake in ITH Corporation (TWSE:6962) from CHEN, CHU-WAN and others for TWD 5.8 billion.TPK Holding Co., Ltd. (TWSE:3673) signed a letter of intent to acquire 23.83% stake in ITH Corporation (TWSE:6962) from CHEN, CHU-WAN and others for TWD 5.8 billion on November 6, 2025. A cash consideration of TWD 5.81 billion valued at TWD 49.5 per share will be paid by TPK Holding Co., Ltd. As part of consideration, TWD 5.81 billion is paid towards common equity of ITH Corporation. CHIU, CHI-SHENG of Crowe CPAs/Taipei acted as accountant for TPK Holding Co., Ltd.New Risk • Aug 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$1.07 (vs NT$0.87 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.07 (up from NT$0.87 in 2Q 2024). Revenue: NT$18.6b (down 2.8% from 2Q 2024). Net income: NT$434.0m (up 23% from 2Q 2024). Profit margin: 2.3% (up from 1.8% in 2Q 2024). Revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.Upcoming Dividend • Jul 07Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 14 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).お知らせ • Jun 13TPK Holding Co., Ltd. Announces Committee Changes, Effective June 11, 2025TPK Holding Co., Ltd. on June 11, 2025 announced the change in audit and remuneration committees. Name of the previous position holder: Audit Committee and Remuneration Committee- Ming-Jeng Weng Independent directors, TPK Holding Co., Ltd, Hsiu-Chun Wang, Independent directors, TPK Holding Co., Ltd. Name of the new position holder: Audit Committee- Tzu-Jung Kuo,Partner, Deloitte & Touch, John Hong-Chiun Wang,Managing Partner, WTT Investment. Effective date is June 11, 2025 and original term was form June 23, 2025 to June 22, 2025.お知らせ • Jun 12TPK Holding Co., Ltd. Announces Board ChangesTPK Holding Co., Ltd. announced the newly elected directors and independent directors by the 2025 Annual General Shareholders' Meeting. The change occurred on June 11, 2025. Title, name and nationality of the previous position holder: Directors: High Focus Holdings Limited (Representative by Shih-Ming Liu): Canada; Independent directors: Ming-Jeng Weng: Taiwan; Hsiu-Chun Wang: Taiwan. Resume of the previous position holder: Directors: High Focus Holdings Limited (Representative by Shih-Ming Liu)/Director, TPK Holding Co., Ltd. Independent directors: Ming-Jeng Weng: Independent directors, TPK Holding Co., Ltd. Hsiu-Chun Wang/Independent directors,TPK Holding Co., Ltd. Title, name and nationality of the new position holder: Directors: High Focus Holdings Limited (Representative by Foster Chiang): Canada; Independent directors: Tzu-Jung Kuo: Taiwan; John Hong-Chiun Wang: Taiwan. Resume of the new position holder: Independent directors: Tzu-Jung Kuo/Partner, Deloitte & Touch; John Hong-Chiun Wang/Managing Partner, WTT Investment Ltd. Reason for the change: term expired Original term from June 23, 2022 to June 22, 2025; Effective date of the new appointment: June 11, 2025 to June 10, 2028.New Risk • May 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.29 in 1Q 2024)First quarter 2025 results: EPS: NT$0.40 (up from NT$0.29 in 1Q 2024). Revenue: NT$13.7b (down 11% from 1Q 2024). Net income: NT$162.0m (up 39% from 1Q 2024). Profit margin: 1.2% (up from 0.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • May 01TPK Holding Co., Ltd. to Report Q1, 2025 Results on May 08, 2025TPK Holding Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$28.90, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 15% over the past three years.お知らせ • Mar 14TPK Holding Co., Ltd., Annual General Meeting, Jun 11, 2025TPK Holding Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: 4 floor no,1, sec.5 shen yih rd., sinyi district, taipei city TaiwanReported Earnings • Mar 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$1.16 (up from NT$0.51 in FY 2023). Revenue: NT$68.9b (down 1.4% from FY 2023). Net income: NT$473.0m (up 127% from FY 2023). Profit margin: 0.7% (up from 0.3% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 06TPK Holding Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025TPK Holding Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025分析記事 • Nov 26Concerns Surrounding TPK Holding's (TWSE:3673) PerformanceTPK Holding Co., Ltd.'s ( TWSE:3673 ) robust recent earnings didn't do much to move the stock. However the statutory...New Risk • Nov 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.New Risk • Nov 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.お知らせ • Oct 31TPK Holding Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024TPK Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024New Risk • Aug 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 16Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.87 (up from NT$0.078 in 2Q 2023). Revenue: NT$19.1b (up 18% from 2Q 2023). Net income: NT$354.0m (up NT$322.1m from 2Q 2023). Profit margin: 1.8% (up from 0.2% in 2Q 2023). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.分析記事 • Aug 16TPK Holding Co., Ltd.'s (TWSE:3673) 26% Cheaper Price Remains In Tune With EarningsThe TPK Holding Co., Ltd. ( TWSE:3673 ) share price has softened a substantial 26% over the previous 30 days, handing...お知らせ • Aug 06TPK Holding Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024TPK Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Jul 19Now 22% undervaluedOver the last 90 days, the stock has risen 37% to NT$49.80. The fair value is estimated to be NT$63.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 294% in the next year.分析記事 • Jul 16When Should You Buy TPK Holding Co., Ltd. (TWSE:3673)?TPK Holding Co., Ltd. ( TWSE:3673 ), might not be a large cap stock, but it led the TWSE gainers with a relatively...分析記事 • Jun 19Why Investors Shouldn't Be Surprised By TPK Holding Co., Ltd.'s (TWSE:3673) P/ETPK Holding Co., Ltd.'s ( TWSE:3673 ) price-to-earnings (or "P/E") ratio of 73.2x might make it look like a strong sell...Reported Earnings • May 03First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$0.29 (up from NT$0.25 in 1Q 2023). Revenue: NT$15.3b (down 12% from 1Q 2023). Net income: NT$116.0m (up 14% from 1Q 2023). Profit margin: 0.8% (up from 0.6% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.分析記事 • Apr 05Some May Be Optimistic About TPK Holding's (TWSE:3673) EarningsSoft earnings didn't appear to concern TPK Holding Co., Ltd.'s ( TWSE:3673 ) shareholders over the last week. We think...Major Estimate Revision • Mar 12Consensus EPS estimates increase by 69%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$1.07 to NT$1.81. Revenue forecast steady at NT$74.6b. Net income forecast to grow 253% next year vs 30% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$38.43 to NT$37.57. Share price was steady at NT$35.00 over the past week.お知らせ • Mar 08TPK Holding Co., Ltd., Annual General Meeting, Jun 18, 2024TPK Holding Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 4F, No.1 Hsin-Yi Rd., Sec.5, Taipei City, Taiwan (Taipei International Convention Center 4F VIP Hall) Taipei City Taiwan Agenda: To consider and approve 2023 Business Report; to consider and approve Audit Committee's Review Report on 2023 Financial Statements; to consider and approve the distribution of employees' and directors' compensation of 2023; to approve 2023 Business Report and Consolidated Financial Statements; to approve 2023 Profit Distribution Proposal; and to discuss other matters.分析記事 • Mar 07TPK Holding Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsLast week saw the newest full-year earnings release from TPK Holding Co., Ltd. ( TWSE:3673 ), an important milestone in...Reported Earnings • Mar 06Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$0.51 (down from NT$1.34 in FY 2022). Revenue: NT$69.9b (down 28% from FY 2022). Net income: NT$208.0m (down 62% from FY 2022). Profit margin: 0.3% (down from 0.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Feb 23Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$35.70. The fair value is estimated to be NT$45.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 111% in the next 2 years.New Risk • Nov 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).Price Target Changed • Sep 19Price target increased by 7.2% to NT$38.58Up from NT$36.00, the current price target is an average from 4 analysts. New target price is 12% above last closing price of NT$34.35. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of NT$0.86 for next year compared to NT$1.34 last year.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$0.08 (down from NT$0.16 in 2Q 2022). Revenue: NT$16.2b (down 27% from 2Q 2022). Net income: NT$32.0m (down 51% from 2Q 2022). Profit margin: 0.2% (down from 0.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 1.0% 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 fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be NT$45.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 6.7% in 2 years. Earnings is forecast to grow by 68% in the next 2 years.お知らせ • Jul 29TPK Holding Co., Ltd. to Report Q2, 2023 Results on Aug 09, 2023TPK Holding Co., Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023Upcoming Dividend • Jul 18Upcoming dividend of NT$0.50 per share at 1.2% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).お知らせ • Jul 07Tpk Holding Co., Ltd. Announces Cash Dividend, Payable on 15 August 2023TPK Holding Co., Ltd. announced cash dividend of TWD 0.5 per share. Ex-rights (ex-dividend) trading date is 26 July 2023. Ex-rights (ex-dividend) record date is 31 July 2023, Payment date of cash dividend distribution is 15 August 2023.Reported Earnings • May 08First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: NT$0.25 (down from NT$0.58 in 1Q 2022). Revenue: NT$17.3b (down 31% from 1Q 2022). Net income: NT$102.0m (down 57% from 1Q 2022). Profit margin: 0.6% (down from 0.9% in 1Q 2022). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • Mar 01Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$1.34 (down from NT$2.63 in FY 2021). Revenue: NT$97.2b (down 5.7% from FY 2021). Net income: NT$544.0m (down 49% from FY 2021). Profit margin: 0.6% (down from 1.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Major Estimate Revision • Feb 24Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from NT$1.93 to NT$1.69 per share. Revenue forecast steady at NT$96.8b. Net income forecast to grow 1.1% next year vs 2.9% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$34.63 to NT$36.00. Share price rose 9.6% to NT$34.20 over the past week.お知らせ • Feb 15TPK Holding Co., Ltd. to Report Q4, 2022 Results on Feb 23, 2023TPK Holding Co., Ltd. announced that they will report Q4, 2022 results on Feb 23, 2023Board 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. 6 non-independent directors. Independent Director Yen-Wei Cheng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: NT$0.55 (down from NT$0.69 in 3Q 2021). Revenue: NT$28.0b (up 11% from 3Q 2021). Net income: NT$222.8m (down 20% from 3Q 2021). Profit margin: 0.8% (down from 1.1% in 3Q 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to stay flat during the next 3 years compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 07Price target decreased to NT$34.63Down from NT$37.25, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$29.90. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$2.14 for next year compared to NT$2.63 last year.Price Target Changed • Sep 27Price target decreased to NT$37.25Down from NT$41.32, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$32.25. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$2.02 for next year compared to NT$2.63 last year.Reported Earnings • Aug 17Second quarter 2022 earnings: Revenues exceed analyst expectationsSecond quarter 2022 results: Revenue: NT$22.3b (down 9.2% from 2Q 2021). Net income: NT$66.0m (down 80% from 2Q 2021). Profit margin: 0.3% (down from 1.3% in 2Q 2021). Revenue exceeded analyst estimates by 8.1%. Over the next year, revenue is expected to shrink by 1.9% compared to a 7.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Major Estimate Revision • Aug 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$100.5b to NT$94.5b. EPS estimate also fell from NT$2.43 per share to NT$2.02 per share. Net income forecast to shrink 2.6% next year vs 7.8% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$41.32 to NT$39.42. Share price was steady at NT$33.80 over the past week.Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 15 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.9%).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. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Albert Weng was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 28Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$2.63 (up from NT$2.54 in FY 2020). Revenue: NT$103.1b (down 10.0% from FY 2020). Net income: NT$1.07b (up 3.7% from FY 2020). Profit margin: 1.0% (up from 0.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is expected to shrink by 7.5% compared to a 9.1% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Major Estimate Revision • Feb 27Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$97.6b to NT$95.3b. EPS estimate also fell from NT$2.87 per share to NT$2.56 per share. Net income forecast to shrink 9.0% next year vs 19% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$47.40 to NT$45.27. Share price fell 3.5% to NT$38.45 over the past week.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$0.69 (vs NT$1.09 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$25.2b (down 23% from 3Q 2020). Net income: NT$279.0m (down 37% from 3Q 2020). Profit margin: 1.1% (down from 1.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$44.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$74.66 per share.Price Target Changed • Oct 06Price target decreased to NT$47.27Down from NT$50.88, the current price target is an average from 7 analysts. New target price is 25% above last closing price of NT$37.75. Stock is down 24% over the past year.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$108.2b to NT$106.7b. EPS estimate rose from NT$2.60 to NT$2.87. Net income forecast to shrink 14% next year vs 27% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$50.88 to NT$47.37. Share price fell 6.7% to NT$38.70 over the past week.Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2021. Payment date: 13 August 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.9%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$43.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 30% over the past three years.Major Estimate Revision • May 10Consensus EPS estimates increase to NT$2.77The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$104.2b to NT$111.2b. EPS estimate increased from NT$2.16 to NT$2.77 per share. Net income forecast to grow 9.3% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$49.76. Share price fell 5.0% to NT$51.60 over the past week.分析記事 • Apr 29Returns Are Gaining Momentum At TPK Holding (TPE:3673)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Apr 12Is TPK Holding (TPE:3673) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Major Estimate Revision • Mar 04Analysts increase revenue estimates to NT$114.0bThe 2021 consensus revenue estimate increased from NT$101.8b. Earning per share (EPS) estimate also increased from NT$2.00 to NT$2.50 for the same period. Net income is expected to grow by 2.1% next year compared to 27% growth forecast for the Electronic industry in Taiwan. The consensus price target increased from NT$48.38 to NT$49.63. Share price is up 10.0% to NT$50.20 over the past week.分析記事 • Mar 03Party Time: Brokers Just Made Major Increases To Their TPK Holding Co., Ltd. (TPE:3673) Earnings ForecastsCelebrations may be in order for TPK Holding Co., Ltd. ( TPE:3673 ) shareholders, with the analysts delivering a...Analyst Estimate Surprise Post Earnings • Mar 02Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Over the next year, revenue is expected to shrink by 2.8% compared to a 16% growth forecast for the Electronic industry in Taiwan.Reported Earnings • Mar 02Full year 2020 earnings released: EPS NT$2.53 (vs NT$0.51 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$114.6b (down 16% from FY 2019). Net income: NT$1.03b (up 394% from FY 2019). Profit margin: 0.9% (up from 0.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 26New 90-day high: NT$50.20The company is up 7.0% from its price of NT$46.70 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$147 per share.分析記事 • Feb 18Is Now An Opportune Moment To Examine TPK Holding Co., Ltd. (TPE:3673)?While TPK Holding Co., Ltd. ( TPE:3673 ) might not be the most widely known stock at the moment, it saw significant...Price Target Changed • Feb 02Price target lowered to NT$48.38Down from NT$52.58, the current price target is an average from 7 analysts. The new target price is 13% above the current share price of NT$42.65. As of last close, the stock is down 10% over the past year.分析記事 • Jan 31We Think TPK Holding's (TPE:3673) Statutory Profit Might Understate Its Earnings PotentialAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Jan 20New 90-day low: NT$43.45The company is down 17% from its price of NT$52.10 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$129 per share.分析記事 • Jan 12Does TPK Holding (TPE:3673) Have The Makings Of A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Dec 25TPK Holding (TPE:3673) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Dec 11New 90-day low: NT$44.20The company is down 11% from its price of NT$49.70 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$129 per share.分析記事 • Dec 08Reflecting on TPK Holding's (TPE:3673) Share Price Returns Over The Last Three YearsMany investors define successful investing as beating the market average over the long term. But if you try your hand...分析記事 • Nov 20At NT$46.20, Is TPK Holding Co., Ltd. (TPE:3673) Worth Looking At Closely?TPK Holding Co., Ltd. (TPE:3673), might not be a large cap stock, but it received a lot of attention from a...Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$1.09The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$32.9b (down 18% from 3Q 2019). Net income: NT$442.7m (up 94% from 3Q 2019). Profit margin: 1.3% (up from 0.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 16Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is expected to shrink by 18% compared to a 11% growth forecast for the Electronic industry in Taiwan.Is New 90 Day High Low • Nov 09New 90-day low: NT$46.35The company is down 16% from its price of NT$55.30 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$59.74 per share.Major Estimate Revision • Nov 06Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.88 to NT$2.09. Revenue estimate for the same period was approximately flat at NT$115.6b. Net income is expected to grow by 104% next year compared to 22% growth forecast for the Electronic industry in Taiwan. The consensus price target was lowered from NT$52.58 to NT$52.00. Share price is down by 4.4% to NT$48.20 over the past week.財務状況分析短期負債: 3673の 短期資産 ( NT$73.8B ) が 短期負債 ( NT$34.1B ) を超えています。長期負債: 3673の短期資産 ( NT$73.8B ) が 長期負債 ( NT$15.2B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3673総負債よりも多くの現金を保有しています。負債の削減: 3673の負債対資本比率は、過去 5 年間で81.6%から46.4%に減少しました。債務返済能力: 3673の負債は 営業キャッシュフロー によって 十分にカバー されています ( 28.2% )。インタレストカバレッジ: 3673支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/13 22:20終値2026/08/13 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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TPK Holding Co., Ltd. 1 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。27 アナリスト機関Nam Hyung KimArete Research Services LLPWanping YehBarclaysAdnaan AhmadBerenberg24 その他のアナリストを表示
分析記事 • Apr 12Is TPK Holding (TPE:3673) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 25TPK Holding (TPE:3673) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$61.60, the stock trades at a trailing P/E ratio of 16.9x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$65.00, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.
Declared Dividend • Jul 03Dividend increased to NT$1.80Dividend of NT$1.80 is 125% higher than last year. Ex-date: 16th July 2026 Payment date: 10th August 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$77.10, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 96% over the past three years.
Reported Earnings • May 18First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: NT$1.00 (up from NT$0.40 in 1Q 2025). Revenue: NT$17.9b (up 31% from 1Q 2025). Net income: NT$540.8m (up 233% from 1Q 2025). Profit margin: 3.0% (up from 1.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 122%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 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 8.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$51.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 46% over the past three years.
Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$2.71 (up from NT$1.16 in FY 2024). Revenue: NT$62.8b (down 8.8% from FY 2024). Net income: NT$1.10b (up 133% from FY 2024). Profit margin: 1.8% (up from 0.7% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$45.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$29.63 per share.
お知らせ • Mar 12TPK Holding Co., Ltd., Annual General Meeting, Jun 26, 2026TPK Holding Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: 4 floor no,1, sec.5 shen yih rd., sinyi district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$42.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 42% over the past three years.
Reported Earnings • Nov 07Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$1.09 (up from NT$0.49 in 3Q 2024). Revenue: NT$16.1b (down 13% from 3Q 2024). Net income: NT$446.0m (up 124% from 3Q 2024). Profit margin: 2.8% (up from 1.1% in 3Q 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 114%. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07TPK Holding Co., Ltd. (TWSE:3673) signed a letter of intent to acquire 23.83% stake in ITH Corporation (TWSE:6962) from CHEN, CHU-WAN and others for TWD 5.8 billion.TPK Holding Co., Ltd. (TWSE:3673) signed a letter of intent to acquire 23.83% stake in ITH Corporation (TWSE:6962) from CHEN, CHU-WAN and others for TWD 5.8 billion on November 6, 2025. A cash consideration of TWD 5.81 billion valued at TWD 49.5 per share will be paid by TPK Holding Co., Ltd. As part of consideration, TWD 5.81 billion is paid towards common equity of ITH Corporation. CHIU, CHI-SHENG of Crowe CPAs/Taipei acted as accountant for TPK Holding Co., Ltd.
New Risk • Aug 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$1.07 (vs NT$0.87 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.07 (up from NT$0.87 in 2Q 2024). Revenue: NT$18.6b (down 2.8% from 2Q 2024). Net income: NT$434.0m (up 23% from 2Q 2024). Profit margin: 2.3% (up from 1.8% in 2Q 2024). Revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Electronic industry in Taiwan are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.
Upcoming Dividend • Jul 07Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 14 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).
お知らせ • Jun 13TPK Holding Co., Ltd. Announces Committee Changes, Effective June 11, 2025TPK Holding Co., Ltd. on June 11, 2025 announced the change in audit and remuneration committees. Name of the previous position holder: Audit Committee and Remuneration Committee- Ming-Jeng Weng Independent directors, TPK Holding Co., Ltd, Hsiu-Chun Wang, Independent directors, TPK Holding Co., Ltd. Name of the new position holder: Audit Committee- Tzu-Jung Kuo,Partner, Deloitte & Touch, John Hong-Chiun Wang,Managing Partner, WTT Investment. Effective date is June 11, 2025 and original term was form June 23, 2025 to June 22, 2025.
お知らせ • Jun 12TPK Holding Co., Ltd. Announces Board ChangesTPK Holding Co., Ltd. announced the newly elected directors and independent directors by the 2025 Annual General Shareholders' Meeting. The change occurred on June 11, 2025. Title, name and nationality of the previous position holder: Directors: High Focus Holdings Limited (Representative by Shih-Ming Liu): Canada; Independent directors: Ming-Jeng Weng: Taiwan; Hsiu-Chun Wang: Taiwan. Resume of the previous position holder: Directors: High Focus Holdings Limited (Representative by Shih-Ming Liu)/Director, TPK Holding Co., Ltd. Independent directors: Ming-Jeng Weng: Independent directors, TPK Holding Co., Ltd. Hsiu-Chun Wang/Independent directors,TPK Holding Co., Ltd. Title, name and nationality of the new position holder: Directors: High Focus Holdings Limited (Representative by Foster Chiang): Canada; Independent directors: Tzu-Jung Kuo: Taiwan; John Hong-Chiun Wang: Taiwan. Resume of the new position holder: Independent directors: Tzu-Jung Kuo/Partner, Deloitte & Touch; John Hong-Chiun Wang/Managing Partner, WTT Investment Ltd. Reason for the change: term expired Original term from June 23, 2022 to June 22, 2025; Effective date of the new appointment: June 11, 2025 to June 10, 2028.
New Risk • May 28New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.29 in 1Q 2024)First quarter 2025 results: EPS: NT$0.40 (up from NT$0.29 in 1Q 2024). Revenue: NT$13.7b (down 11% from 1Q 2024). Net income: NT$162.0m (up 39% from 1Q 2024). Profit margin: 1.2% (up from 0.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • May 01TPK Holding Co., Ltd. to Report Q1, 2025 Results on May 08, 2025TPK Holding Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$28.90, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 15% over the past three years.
お知らせ • Mar 14TPK Holding Co., Ltd., Annual General Meeting, Jun 11, 2025TPK Holding Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: 4 floor no,1, sec.5 shen yih rd., sinyi district, taipei city Taiwan
Reported Earnings • Mar 08Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$1.16 (up from NT$0.51 in FY 2023). Revenue: NT$68.9b (down 1.4% from FY 2023). Net income: NT$473.0m (up 127% from FY 2023). Profit margin: 0.7% (up from 0.3% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 06TPK Holding Co., Ltd. to Report Q4, 2024 Results on Mar 13, 2025TPK Holding Co., Ltd. announced that they will report Q4, 2024 results on Mar 13, 2025
分析記事 • Nov 26Concerns Surrounding TPK Holding's (TWSE:3673) PerformanceTPK Holding Co., Ltd.'s ( TWSE:3673 ) robust recent earnings didn't do much to move the stock. However the statutory...
New Risk • Nov 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
New Risk • Nov 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
お知らせ • Oct 31TPK Holding Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024TPK Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024
New Risk • Aug 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 16Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.87 (up from NT$0.078 in 2Q 2023). Revenue: NT$19.1b (up 18% from 2Q 2023). Net income: NT$354.0m (up NT$322.1m from 2Q 2023). Profit margin: 1.8% (up from 0.2% in 2Q 2023). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
分析記事 • Aug 16TPK Holding Co., Ltd.'s (TWSE:3673) 26% Cheaper Price Remains In Tune With EarningsThe TPK Holding Co., Ltd. ( TWSE:3673 ) share price has softened a substantial 26% over the previous 30 days, handing...
お知らせ • Aug 06TPK Holding Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024TPK Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Jul 19Now 22% undervaluedOver the last 90 days, the stock has risen 37% to NT$49.80. The fair value is estimated to be NT$63.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 294% in the next year.
分析記事 • Jul 16When Should You Buy TPK Holding Co., Ltd. (TWSE:3673)?TPK Holding Co., Ltd. ( TWSE:3673 ), might not be a large cap stock, but it led the TWSE gainers with a relatively...
分析記事 • Jun 19Why Investors Shouldn't Be Surprised By TPK Holding Co., Ltd.'s (TWSE:3673) P/ETPK Holding Co., Ltd.'s ( TWSE:3673 ) price-to-earnings (or "P/E") ratio of 73.2x might make it look like a strong sell...
Reported Earnings • May 03First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$0.29 (up from NT$0.25 in 1Q 2023). Revenue: NT$15.3b (down 12% from 1Q 2023). Net income: NT$116.0m (up 14% from 1Q 2023). Profit margin: 0.8% (up from 0.6% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 05Some May Be Optimistic About TPK Holding's (TWSE:3673) EarningsSoft earnings didn't appear to concern TPK Holding Co., Ltd.'s ( TWSE:3673 ) shareholders over the last week. We think...
Major Estimate Revision • Mar 12Consensus EPS estimates increase by 69%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$1.07 to NT$1.81. Revenue forecast steady at NT$74.6b. Net income forecast to grow 253% next year vs 30% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$38.43 to NT$37.57. Share price was steady at NT$35.00 over the past week.
お知らせ • Mar 08TPK Holding Co., Ltd., Annual General Meeting, Jun 18, 2024TPK Holding Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 4F, No.1 Hsin-Yi Rd., Sec.5, Taipei City, Taiwan (Taipei International Convention Center 4F VIP Hall) Taipei City Taiwan Agenda: To consider and approve 2023 Business Report; to consider and approve Audit Committee's Review Report on 2023 Financial Statements; to consider and approve the distribution of employees' and directors' compensation of 2023; to approve 2023 Business Report and Consolidated Financial Statements; to approve 2023 Profit Distribution Proposal; and to discuss other matters.
分析記事 • Mar 07TPK Holding Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsLast week saw the newest full-year earnings release from TPK Holding Co., Ltd. ( TWSE:3673 ), an important milestone in...
Reported Earnings • Mar 06Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$0.51 (down from NT$1.34 in FY 2022). Revenue: NT$69.9b (down 28% from FY 2022). Net income: NT$208.0m (down 62% from FY 2022). Profit margin: 0.3% (down from 0.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Feb 23Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$35.70. The fair value is estimated to be NT$45.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 111% in the next 2 years.
New Risk • Nov 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
Price Target Changed • Sep 19Price target increased by 7.2% to NT$38.58Up from NT$36.00, the current price target is an average from 4 analysts. New target price is 12% above last closing price of NT$34.35. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of NT$0.86 for next year compared to NT$1.34 last year.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$0.08 (down from NT$0.16 in 2Q 2022). Revenue: NT$16.2b (down 27% from 2Q 2022). Net income: NT$32.0m (down 51% from 2Q 2022). Profit margin: 0.2% (down from 0.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 1.0% 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 fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be NT$45.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 6.7% in 2 years. Earnings is forecast to grow by 68% in the next 2 years.
お知らせ • Jul 29TPK Holding Co., Ltd. to Report Q2, 2023 Results on Aug 09, 2023TPK Holding Co., Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.50 per share at 1.2% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
お知らせ • Jul 07Tpk Holding Co., Ltd. Announces Cash Dividend, Payable on 15 August 2023TPK Holding Co., Ltd. announced cash dividend of TWD 0.5 per share. Ex-rights (ex-dividend) trading date is 26 July 2023. Ex-rights (ex-dividend) record date is 31 July 2023, Payment date of cash dividend distribution is 15 August 2023.
Reported Earnings • May 08First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: NT$0.25 (down from NT$0.58 in 1Q 2022). Revenue: NT$17.3b (down 31% from 1Q 2022). Net income: NT$102.0m (down 57% from 1Q 2022). Profit margin: 0.6% (down from 0.9% in 1Q 2022). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • Mar 01Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$1.34 (down from NT$2.63 in FY 2021). Revenue: NT$97.2b (down 5.7% from FY 2021). Net income: NT$544.0m (down 49% from FY 2021). Profit margin: 0.6% (down from 1.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Feb 24Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from NT$1.93 to NT$1.69 per share. Revenue forecast steady at NT$96.8b. Net income forecast to grow 1.1% next year vs 2.9% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$34.63 to NT$36.00. Share price rose 9.6% to NT$34.20 over the past week.
お知らせ • Feb 15TPK Holding Co., Ltd. to Report Q4, 2022 Results on Feb 23, 2023TPK Holding Co., Ltd. announced that they will report Q4, 2022 results on Feb 23, 2023
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. 6 non-independent directors. Independent Director Yen-Wei Cheng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: NT$0.55 (down from NT$0.69 in 3Q 2021). Revenue: NT$28.0b (up 11% from 3Q 2021). Net income: NT$222.8m (down 20% from 3Q 2021). Profit margin: 0.8% (down from 1.1% in 3Q 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to stay flat during the next 3 years compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 07Price target decreased to NT$34.63Down from NT$37.25, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$29.90. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$2.14 for next year compared to NT$2.63 last year.
Price Target Changed • Sep 27Price target decreased to NT$37.25Down from NT$41.32, the current price target is an average from 4 analysts. New target price is 16% above last closing price of NT$32.25. Stock is down 15% over the past year. The company is forecast to post earnings per share of NT$2.02 for next year compared to NT$2.63 last year.
Reported Earnings • Aug 17Second quarter 2022 earnings: Revenues exceed analyst expectationsSecond quarter 2022 results: Revenue: NT$22.3b (down 9.2% from 2Q 2021). Net income: NT$66.0m (down 80% from 2Q 2021). Profit margin: 0.3% (down from 1.3% in 2Q 2021). Revenue exceeded analyst estimates by 8.1%. Over the next year, revenue is expected to shrink by 1.9% compared to a 7.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Aug 15Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$100.5b to NT$94.5b. EPS estimate also fell from NT$2.43 per share to NT$2.02 per share. Net income forecast to shrink 2.6% next year vs 7.8% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$41.32 to NT$39.42. Share price was steady at NT$33.80 over the past week.
Upcoming Dividend • Jul 14Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 15 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.9%).
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. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Albert Weng was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 28Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$2.63 (up from NT$2.54 in FY 2020). Revenue: NT$103.1b (down 10.0% from FY 2020). Net income: NT$1.07b (up 3.7% from FY 2020). Profit margin: 1.0% (up from 0.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is expected to shrink by 7.5% compared to a 9.1% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Feb 27Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$97.6b to NT$95.3b. EPS estimate also fell from NT$2.87 per share to NT$2.56 per share. Net income forecast to shrink 9.0% next year vs 19% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$47.40 to NT$45.27. Share price fell 3.5% to NT$38.45 over the past week.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$0.69 (vs NT$1.09 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$25.2b (down 23% from 3Q 2020). Net income: NT$279.0m (down 37% from 3Q 2020). Profit margin: 1.1% (down from 1.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$44.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$74.66 per share.
Price Target Changed • Oct 06Price target decreased to NT$47.27Down from NT$50.88, the current price target is an average from 7 analysts. New target price is 25% above last closing price of NT$37.75. Stock is down 24% over the past year.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$108.2b to NT$106.7b. EPS estimate rose from NT$2.60 to NT$2.87. Net income forecast to shrink 14% next year vs 27% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$50.88 to NT$47.37. Share price fell 6.7% to NT$38.70 over the past week.
Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2021. Payment date: 13 August 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.9%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$43.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 30% over the past three years.
Major Estimate Revision • May 10Consensus EPS estimates increase to NT$2.77The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$104.2b to NT$111.2b. EPS estimate increased from NT$2.16 to NT$2.77 per share. Net income forecast to grow 9.3% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$49.76. Share price fell 5.0% to NT$51.60 over the past week.
分析記事 • Apr 29Returns Are Gaining Momentum At TPK Holding (TPE:3673)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Apr 12Is TPK Holding (TPE:3673) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Major Estimate Revision • Mar 04Analysts increase revenue estimates to NT$114.0bThe 2021 consensus revenue estimate increased from NT$101.8b. Earning per share (EPS) estimate also increased from NT$2.00 to NT$2.50 for the same period. Net income is expected to grow by 2.1% next year compared to 27% growth forecast for the Electronic industry in Taiwan. The consensus price target increased from NT$48.38 to NT$49.63. Share price is up 10.0% to NT$50.20 over the past week.
分析記事 • Mar 03Party Time: Brokers Just Made Major Increases To Their TPK Holding Co., Ltd. (TPE:3673) Earnings ForecastsCelebrations may be in order for TPK Holding Co., Ltd. ( TPE:3673 ) shareholders, with the analysts delivering a...
Analyst Estimate Surprise Post Earnings • Mar 02Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Over the next year, revenue is expected to shrink by 2.8% compared to a 16% growth forecast for the Electronic industry in Taiwan.
Reported Earnings • Mar 02Full year 2020 earnings released: EPS NT$2.53 (vs NT$0.51 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$114.6b (down 16% from FY 2019). Net income: NT$1.03b (up 394% from FY 2019). Profit margin: 0.9% (up from 0.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 26New 90-day high: NT$50.20The company is up 7.0% from its price of NT$46.70 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$147 per share.
分析記事 • Feb 18Is Now An Opportune Moment To Examine TPK Holding Co., Ltd. (TPE:3673)?While TPK Holding Co., Ltd. ( TPE:3673 ) might not be the most widely known stock at the moment, it saw significant...
Price Target Changed • Feb 02Price target lowered to NT$48.38Down from NT$52.58, the current price target is an average from 7 analysts. The new target price is 13% above the current share price of NT$42.65. As of last close, the stock is down 10% over the past year.
分析記事 • Jan 31We Think TPK Holding's (TPE:3673) Statutory Profit Might Understate Its Earnings PotentialAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Jan 20New 90-day low: NT$43.45The company is down 17% from its price of NT$52.10 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$129 per share.
分析記事 • Jan 12Does TPK Holding (TPE:3673) Have The Makings Of A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Dec 25TPK Holding (TPE:3673) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Dec 11New 90-day low: NT$44.20The company is down 11% from its price of NT$49.70 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$129 per share.
分析記事 • Dec 08Reflecting on TPK Holding's (TPE:3673) Share Price Returns Over The Last Three YearsMany investors define successful investing as beating the market average over the long term. But if you try your hand...
分析記事 • Nov 20At NT$46.20, Is TPK Holding Co., Ltd. (TPE:3673) Worth Looking At Closely?TPK Holding Co., Ltd. (TPE:3673), might not be a large cap stock, but it received a lot of attention from a...
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$1.09The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$32.9b (down 18% from 3Q 2019). Net income: NT$442.7m (up 94% from 3Q 2019). Profit margin: 1.3% (up from 0.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 16Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is expected to shrink by 18% compared to a 11% growth forecast for the Electronic industry in Taiwan.
Is New 90 Day High Low • Nov 09New 90-day low: NT$46.35The company is down 16% from its price of NT$55.30 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$59.74 per share.
Major Estimate Revision • Nov 06Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.88 to NT$2.09. Revenue estimate for the same period was approximately flat at NT$115.6b. Net income is expected to grow by 104% next year compared to 22% growth forecast for the Electronic industry in Taiwan. The consensus price target was lowered from NT$52.58 to NT$52.00. Share price is down by 4.4% to NT$48.20 over the past week.